Get started

Spot

Bitcoin (BTC) • OKEX and Binance now trading above spotFollow-up on my previous video. We end up having another leg up as Binance and OKEX perpetual swaps been trading bellow spot trying to frontrun the market. Now that we saw another $13M being added to liquidations books an perps trading above spot once again is making the correction more likely. However we need to understand that we are currently in a spot-dominated market boosted by liquidity shortages on the supply side. As such even with perps trading above spot it can keep climbing up due to the frenetic demand coming from spot.
COINBASE:BTCUSD
by D7R
4
US Stock In Play: $SPOT (Spotify Technology S.A)The successful breakout of $SPOT that was previously highlighted (a five months consolidated range pattern), have seen Spotify rallied to an all time high establishment at $346.44 on 11th December 2020. This breakout is also accompanied with its ATR (14D) peaking at $15 per day average volatility, signifying substantial attention of $SPOT from the Wall Streets at the moment. This week, $SPOT have not been able to capitalize on the broad market rally, with an accumulated correction of -5% from its peak. The current immediate support to watch is at $312 this week.
NYSE:SPOTLong
by jfsrevg
Spotify (SPOT): A Technical Approach Using Elliott WavesIn this analysis, I'll be taking a purely technical approach in analyzing Spotify (SPOT), using Elliott wave counts. Analysis - We can see that overall, the stock is in a clear uptrend - It has completed wave 2 on the primary degree, and continues to rally through impulse waves - It formed an Elliott triple combo wave (WXYXZ) for the second primary wave, consolidating within a mild megaphone pattern - While it seems like the momentum has topped out for now, as we wait for the fourth wave on the minuette degree, we could expect a bounce near the ichimoku cloud support - We could anticipate the last impulse wave on the minuette degree ending near the 1.618 fibonacci retracement resistance, near $376 - This would also mark the completion of the first impulse wave on the intermediate degree For educational content regarding Elliott Impulse Wave counts, check out my previous post below: If you like this analysis, please make sure to like the post, and follow for more quality content! I would also appreciate it if you could leave a comment below with some original insight :)
NYSE:SPOTLong
by Michael_Wang_Official
2
Expecting a +30% Move on Spotify in the Short TermGood morning traders! Today we want to analyze Spotify, since in recent days much has been said about this stock and its movement in recent weeks has been remarkable. 🔸What we can observe is that from March to July of this year the price generated an astonishing rise of approximately 170%. 🔸Of course, after a strong move, a consolidation or correction of a similar magnitude is expected. 🔸So it was, the correction lasted approximately four months, and we can draw a flag pattern of this process. 🔸This week there was a clear and indisputable breakout to the upside, with a large bullish candle closing above all-time highs. So, how do we project the target of the movement in this case that the price is at historical highs? 🔸The tool we use is the fibonacci extensions based on the previous momentum. This projection gives us that the first target of the movement is approximately $351 and the second target $417, which would be, from the current level, a rise of 30%.
NYSE:SPOTLong
by ThinkingAntsOk
7