XLM at Bitcoin $250k or $533kDan Morehead, the CEO of Pantera Capital, has given Bitcoin a very bullish price tag of $533k by mid 2021. Should Bitcoin achieve this value by August 2021 then I really believe that XLM could explode up to a target price of $40. If we maintain the TIm Draper target of $250k by mid 2022 or the beginning of 2023 then XLM has a very good chance of reaching a $20 value per token. Of course please do not take this as a recommendation to invest as we all know this market is extremely speculative and you can lose all your funds (especially playing on margin) if you are not careful. If you are a visionary and see the future potential of this technology then you may not have to worry on the short term.
Speculation
Gold Outlook - Is it really a safe haven?Let's start with a bit of background information on Gold .
There is something wrong with the predominant view about Gold, treating it as a safe haven. It is one of the most speculative commodities in the market, if not the leading one. After the global economic crises in 2008, immense volumes of liquidity and the declining treasury yields (ps. gold has an inverse correlation with treasury yields) gold prices spiked up to its ATH at USD 1.900 . However, we have experienced a 45% retracement back to USD 1.000 levels after that. A SAFE HAVEN WOULD NOT LOSE 45% OF ITS VALUE, PERIOD!!
Considering the past 6 months, gold has been priced purely on speculation and fed by the rising tensions with Iran and trade war drama with China. To crown it all, Corona Crisis was added to the play as well. Furthermore, Silver and Gold has always been closely correlated and yet Silver did not keep pace with the latest rally of Gold. The increasing gap between Gold and Silver correlation could also be considered worrisome for Gold prices.
On the other hand, we have recently experienced in the latest crash of stock markets that the investors closed their gold positions to cover their margin calls. In addition, Passive Funds are known to sell all assets including gold positions when they're in BEARMODE. So the next expected leg down on the stock market is possibly going to crash gold prices too.
After this boring entry, let's dive in to our technical analysis and see what to expect for the days ahead:
In the first trading day of this week, we'll probably see a reversal from the current prices or the range above at 1.715 - 1.720 . It will be a good short trade setup with a nice R/R, targeting the first demand zone at 1.640 - 1.650 , which offers 650-700 pips profit. However, be cautious about President Trump trying to blaze the trade war drama again. That might trigger a move up to 1.775-1.800 range.
On the downside, the following ranges for possible rebounds are; 1.605-1.615 zone, 1.570-1.580 zone for the coming days.
Our experts predict that gold prices could dump to the key levels at 1.350 - 1.400 in the mid term.
Join us at our free telegram channel @bullsitrading and let's trade together.
Looking at a few of the WORSE calls of the past."We all gunna die! Listen to me"
This has kept being repeated for at least tens of thousands of years.
Those calls age like a fine milk, and when it does, the prophets of doom are nowhere to be found.
Here are some of the most ridiculous and sad calls made in the past:
> The millennium bug
Also called year 2000 problem.
This one is only 20 years old, but I'm sure some people haven't even heard of it.
20 years later the idiotic calls made back then are not advertised. Wikipedia has a page on it but they have not mentionned all of the terrible calls that were being made and repeated over and over in particular in the media. It's as if no one was stupid back then and the world acted rationally. See? You can't trust history.
No, history books and wikipedia and sites that talk about it are wrong. It's not that they are wrong it's that they left the best bits out of the story?
What? To not make people that feel ashamed look stupid?
On tv some nuts were calling for the end of the world, literally. Some christians were claming this would be Jesus second coming. And they were getting attention.
I was a kid and I already thought this was dumb.
From an UN release:
www.un.org
"Some computer companies were beginning to be optimistic about the Y2K event and some were making a lot of money from devising ways of "fixing" problems related to the issue. Some were referring to a "Y2K boomlet" in the economy as a result of the Y2K fear."
Suckers were becoming fearful and were getting fleeced. Haven't heard much from them. None have been giving speeches on their hiring of "experts" to "protect them from the mighty Y2K bug". People that compared those braindead sheep to nuts looking for exorcists and talismans weren't taken seriously, but they were right. The suckers that hired experts and bought "special software" (pun intended) to protect from the mighty Y2K bug were the modern version of suckers buying expensive talisman to protect against evil ghosts and spirits.
The UN, these masterminds, these lights in the darkness, those beacons of hope, were expecting riots in the streets, wars, governments to be overthrown.
1 small article about some of this:
www.wired.com
AND NOW. IF YOU THINK THIS IS A JOKE. IF YOU THINK I AM EXAGERATING. "It wasn't that bad". 20 years later people have forgotten. People think it wasn't that stupid. Oh yeah? Then listen closely. The whole country of CANADA 🤡 PREPARED FOR A COMPLETE BREAKDOWN OF CIVILIZATION.
"Canadian leaders were preparing for the possibility that civilization would break down"
This article enters into more details about Canada reaction, and shows a few example of the measures that were taken:
www.theglobeandmail.com
There have been a handful of little bugs, and a few were avoided in advance. No biggie. Collapse of civilization lmao they're so bad.
Aged like fine milk.
> The 2020 coronavirus cold pandemic & governments reactions
Too early? 😉
Can also add the "apocalyptic CO2 calls muh gLoBAl WArmINg"
I'm eagerly waiting for those to age so I can say "told you so" and rub it in their faces.
> Quick one: "Commodities will never go to zero"
"The price of a commodity will never go to zero. When you invest in commodities futures, you're not buying a piece of paper that says you own an intangible piece of company that can go bankrupt."
Jim Rogers.
What's this Jim? You'll come in my office I want to have a word with you.
> Gordon Brown bottom. Never forget.
Former Prime Minister of the United Kingdom Gordon Brown, UK Chancellor of the Exchequer at the time (head of her Majesty Treasure, french equivalent I think I can say is "ministre des finances" "financial minister"), so basically the "financial expert", the head of the part of the government in charge of finance, made this wonderful sale in 1999-2002:
Clearly a very competent man, which expertise is not just "knowing how to get elected".
Ah, Mr Brown today is giving us his advice on how to deal with covid-19. Wonderful. Let's listen closely so we can do the exact opposite 😊
2009. Gordon Brown warning us of a Climate Change™ global catastrophe. Hahaha. No surprise here.
www.telegraph.co.uk
Gordon Brown. Losing tens of billions with horrible trades, and then asking tens of billion to taxpayers for some unproven illogical extremely exagerated dogma:
www.independent.co.uk
Absolute POS moronic politician.
"My idea of a perfect government is one guy, in a small room, sitting at a desk, and the only thing he's allowed to decide is who to NUKE."
- Ron Swanson
Well said Ron.
> "The Titanic is unskinkable"
I don't think I have to explain :D
Ye... It was being advertised as being "Titanic" and invincible. Aged well.
Maybe the quote was taken out of context, I don't know every thing, I know that the other 2 titanic ships (HMHS Britannic, RMS Olympic, RMS Titanic) were used in the war and had their own issues.
And I know that the Titanic just went straight for an Iceberg. So someone must have thought of it as nearly unsinkable.
> "In 10 years Oil will cost $380 a barrel" (2005)
"Experts economists" (yawn) were explaining that because of world consumption Oil prices would go up, impossible they would not go up, and would probably be around $380/barrel, and we needed renewables. And ye they explained they looked at sound science and clean facts and it was absolutely impossible for the price not to soar and we had to quickly forget cheap Oil YAAAAAAAAAWN! Dumb economists. So wrong all the time.
This didn't pick up worldwide attention I think it's quite local.
Article is in french...
www.liberation.fr
> "Prosperity will never end"
1929, 2000.
In 2020 the sheep npcs updated their firmware. Now they're saying "stonks will always go up".
> "I hope that with fast foods the french won't get fat like americans" - 1985
Whole world eats 20 grams of a salt a day and eats 1 meal a day. 1 meal that lasts all day long.
> "Enron is the most innovative company" and "Share price will go to 1000" and "Retail is buying at these cheap price"
Innovative in what sector? Fraud?
I posted and laughed about Zoom investors, I laughed about USO (Oil Fund) buyers, I laughed about Carnival (cruise) and airline company buyers.
But the medal really belongs to Enron -99% buyers.
Yes. AFTER bankrupcy and the fraud was publicly known and on every news show over and over.
Yes really. Retail investors REALLY bought Enron shares AFTER the collapse. Since then Enron got delisted so good luck selling, and they can't claim they got caught in a fraud got lied to or anything, since these masterminds bought AFTER the fraud went full public. Absolute genius. "Buy cheap".
And regulators whine about Forex and restrict it and ban ads and are annoying.
K that's enough for a single idea.
> BONUS
People can believe anything... By upvoting a non existant restaurant in London pranksters got mainstream to believe it existed, and it was the best restaurant in London, and people started looking for it.
In 1996 Alan Sokal, a physics professor published a paper where he proposed that quantum gravity is a social and linguistic construct. A few weeks later he told every one he published a hoax.
I think we can blindly trust "science" no problem 👍
In the late 2000s university students in France were whining about some law (in France universities are generally where the tourist students go, there are no famous french universities, french elites go to small ultra selective "schools").
I was going to my school and university participation trophy students warned they would block the access to our school.
Our math teacher cracked up and she told us not to worry, because those kind of students "typically didn't wake up early".
So basically for the next months these masterminds were standing in front of our school while we were in. Classes began BEFORE they got there, and classes ended AFTER they had already left.
They stood in front of our doors for weeks of months, every day! And we couldn't care less and we were dying of laughter. They were just standing there for nothing, probably patting themselves on the back "aha! No one is coming no one is leaving they are not even trying to enter we have frozen this school" 🤣
LoL I wonder why these geniuses ended up in garbage universities and failed the selective schools admissions. Nothing to do with cognitive abilities I'm sure.
"Miley Cyrus has many fans around the world. Young girls look up to Miley and her character Hannah Montana because they both set a good example for girls."
LONG SHIPPure Speculation:
Hedge Fund opened a $1.6M position on 04-09. This is close to the all time low and that's a huge stake in a relatively small company.
With past history of Hedge Fund purchasing before huge price action, I am willing to bet a few dollars. Also it seems like a legit company.
You can even track where their ships are in real time!
www.seanergymaritime.com
LONG MOSYSeems like following Hedge Funds is a good strategy to make a quick return. I was skeptical, but with the pump of HSDT, I am somewhat convinced.
Due to the regulatory requirements of having to disclose a position greater than 5% within 10 days of the event, tracking HF ownership stakes in low cap stocks is fairly easy.
Couple that with proven past history demonstrating "pump and dump" in certain HF's, these type of trades seems reasonable. And when all this ties in with near all time lows and seemingly real company with a good vision, I feel better betting a few dollars. I'm willing to wager that some HF know more than the general public.
With multiple hedge funds having material ownership stakes in this company, I think it's a safe bet.
I spy a Cup & Handle?Great company, positioned well to thrive and offer work to freelancers during the corona-virus quarantine. If volume continues to build and the pattern is not broken, expect this stock to break out. Nibble before you bite!
TA interpretation + personal research = not investment advice
Trade at own risk & best of luck
BRK B, ARE WE GOING TO INVEST OR SPECULATE?(More in description)Hi, traders.
My name is Lukas and I am a beginner in trading, respectively, I only trade 6 months. But that means I have to do the necessary analyzes without it I can't trade. I want to show you how I work on myself and document my beginnings. I use Vix and my strategy is built on to return to average. I highlight the important support levels and resistances that flow from the volume profile, all drawn on graph. These zones determine the ability to respond in some way to the market from 1 to 3, with 1 being the largest.
Short description of analysis:
We're probably waking up to the next sucking Monday. At such times, technical analyzes are unnecessary. You ask why? because of sentiment and panic in the market. You can see this in my previous analyzes. That is why I have decided to focus on investing in BRK B. I have written many times in analyzes that we need to focus on a long period of time because the market panic is high. VIX shows us the values almost as we experienced in 2008. What is unbelievable as we look at how dangerous COVID-19 is (I don't take anything lightly), but the panic associated with COVID-19 is not relevant. Furthermore, the effects of the panic, the cooling of the economy are already felt, but we do not yet have Q1 results, while the expectations are very negative. That is, in the short term, with full seriousness short (if you have a large account where you can afford such speculation - there are potentially nice profits). In case you don't have a lot of experience opt for investment (make your own rules how much you are willing to invest - never go ALL IN !, break your investments into the zones where you buy) persistent and responsible. Of course, my analysis does not serve like market forecasts and I am not responsible for your trades if you use my analysis for your own trades.
GBPCAD - SPECULATION UNTIL CONFIRMATION.After a massive false breakout to the upside last week, we have dropped back inside a descending channel.
Of which the candle stick on all time frames before market closure, has rejected the bottom.
This means we could expect a pullback to 1.73000 (top of the descending channel) or the middle of the channel before continuing a bearish move downwards.
Our bias is long before a bearish continuation; as the graph shows.
However, this is simply a premeditative view before the market actually opens.
***Market is currently very volatile***
Bitmex position asymmetry responsible for BTC crasheBitmex is a hyper speculative platform built on a simple principle: short positions are less risky than long positions. If you calculate your liquidation price, for the same
amount, entry price same, same leverage but fid different positions being short will give you more space for price action upward. Your risk will be lower and so, under high uncertainty being short results less risky. If we think that on Bitmex we can always exit at anytime and enter at anytime this makes of Bitmex the real Demand/Supply BTC market. A 190 million Dollar liquidated in a few hours is definitely influential on the BTC price action.
Bitmex shorts have dumped the market plenty of times and those are not use cases, real world application, just speculation where being bear is less risky.
SWKS Bending TrendA commonly missed trendline pattern is the bending that occurs in a momentum trend as buyers begin to disappear. Profit-taking by professionals can create a sudden surge of selling, which can easily drive price into a retracement or correction. Speculative price action is riskier to enter at this level as the runs are shrinking. SWKS may have more speculation but this is an expert level for a trade, and is not suitable for a new or novice trader due to the risk factors.
/ES SELLThis trade is based off pure speculation, my algo just closed my buys so I felt it was an appropriate time to go short, The big question on my mind is will the federal reserve drain liquidity this upcoming month. The liquidity injections were supposed to be "short term temporary liquidity injections" implying that liquidity wont stay, they're supposed to end the liquidity injections in Jan, but will they keep the liquidity in the system or drain it? if the decide to drain some of the liquidity this will drop Equity's.
Preparing For The WorstWhat if Bitcoin has always been in a Bull Market. What if we are entering the Bear Market for the first time?
Among many things Bitcoin is a tremendously valuable asset, there is no doubt bitcoin is a token that heralds the birth of an industry. But what if we do not have the mass adoption necessary to sustain current prices? There has been speculative weather for some time now but for how long has bitcoin been a speculative market? Did it start with big exchanges introducing margin into the mix? Or when Tether began pumping prices? I'm not going pretend to have the answer of where the source of the problem is. However, I think it's self evident the technology is still in its infancy. Engineers have less than a preference for blockchain they downright ignore it. I see a lot of new ideas in the space that will redefine the future and some of them have actually manifest. But I am not seeing the masses flowing into the space like the previous cycles, and I am not seeing the technology get to a point where immutable, trustless systems are ready to be deployed on a widescale. The scale has been very selective and contained within the niche technology space.
The idea came to me that if this downward trend of a speculative market continuously correcting itself and consolidating up until the Halvening, we could be in store for a lackluster halvening. And that will spell absolute disaster for the market.
BPTH - Good News in Dec = Enormous ProfitsBPTH, the ticker to the company Bio Path Holdings is currently trending down. This ticker has been a poor performer for the entire year with small time periods where day traders may make an easy 20-60 percent. Bio Path may seem like a decent day trading target where it follows the downward trending line and tends to bounce up a few days after coming into contact with it. If this continues, one can easily make short term gains and find value in this, but it will make much more sense to wait.
Bio Path will be releasing news on its number one drug, Prexigebersen for Acute Myeloid Leukemia (AML). This drug with good data has the potential of making Bio Path a multi billion dollar company. As you can see last year, Bio Path jumped from a startling ~$1 per share to ~$70 per share with one good news release. It is not easy to find these opportunities very often, that's why timing is the key.
Bio Medical companies tend to slowly decrease in value or, "bleed" waiting for positive news from the company. This is due to the companies being unprofitable and often seek financing deals creating stock dilution. The good news is what makes the stock relatively value because of the opportunity for day traders to capitalize on large percentage gains with a simple news release, but at the same time, you could also lose a large amount if it were negative.
Bio Path will release news on Prexigebersen this December and if you don't know enough about it, I recommend you do a little research on your own.
Any investment in this company is indeed speculation. Investing with small positions is the proper strategy with bio-med.
Cheers,
AC