Spot
CHZUSDT Trade Idea - Moon wainting! Tick, Tock...Hi to all TV people, today I charted Chilliz .
This is NOT a major cap coin, but who cares... we want moon right?
Here we have a few data:
Market Cap: 561 Million
All Time High: 0.8915$
Today's price: 0.07364 (-91.83% from ATH)
Low market cap means more room to grow, on the other side more volatility.
Chilliz broke out from descending wedge forming from January 2023 . Measured target is a 2X from here . I think more is yet to come. Just be careful about crypto and global market conditions.
In my opinion we can reach easily 0.14 mid-term. We need to watch more from the rest market to know if there are the conditions for this alt to grow more.
My suggestion is to hold spot in your alts bag, no leverage.
Not a financial advice, always DYOR.
Good luck.
ShadowPlayer.
BTC vs. MSTRI just did a little study lately regarding BTC and MSTR. The probability of breaking the lower side of this triangle is a bit higher, which should favor investment in MSTR over BTC. Whether you are buying Bitcoin on a crypto exchange or through one of these (upcoming?) BTC/USD spot ETFs.
Spotify's Growth Story: Breaking Records and Setting Bold GoalsSpotify (NYSE: NYSE:SPOT ) has emerged as a juggernaut, continually breaking barriers and setting new standards. The latest report from the Swedish music streaming giant reveals an impressive surge in user growth, defying expectations and propelling its stock to new heights.
Unveiling Remarkable Performance:
Spotify's (NYSE: NYSE:SPOT ) fourth-quarter results have left analysts and investors astounded. The company not only surpassed forecasts but also demonstrated resilience in the face of challenges, with its monthly active users and premium subscribers soaring to unprecedented levels. Despite a slight revenue miss, Spotify's strategic maneuvers, including price adjustments and podcast investments, have positioned it for a prosperous future.
Diversification and Expansion:
Beyond music, Spotify's (NYSE: NYSE:SPOT ) foray into podcasts and audiobooks underscores its commitment to diversification and innovation. With an eye on capturing the burgeoning audio entertainment market, the company has strategically aligned itself with influential hosts and witnessed exponential growth in podcast advertising. This strategic pivot not only enhances user engagement but also opens new revenue streams, reinforcing Spotify's position as a multifaceted entertainment platform.
CEO's Vision and Strategic Imperatives:
Under the stewardship of CEO Daniel Ek, Spotify's (NYSE: NYSE:SPOT ) vision of reaching 1 billion users by 2030 is not merely a lofty ambition but a strategic imperative driving every decision. Ek's emphasis on profitability, evidenced by recent cost-cutting measures and operational efficiencies, reflects a maturing company poised for sustained success. As Spotify navigates through the complexities of a dynamic industry landscape, Ek's leadership and strategic foresight continue to inspire confidence among stakeholders.
Market Response and Investor Sentiment:
Spotify's (NYSE: NYSE:SPOT ) stellar performance in the fourth quarter has not gone unnoticed, as evidenced by the bullish response from investors. With shares surging to a two-year high, market sentiment towards Spotify remains overwhelmingly positive, underscoring the company's status as a top contender in the digital entertainment sphere. As the company charts its course for the future, investor confidence serves as a testament to Spotify's (NYSE: NYSE:SPOT ) unwavering commitment to growth and innovation.
Conclusion:
In an era defined by rapid technological advancements and shifting consumer preferences, Spotify stands out as a beacon of innovation and resilience. With a relentless focus on user growth, profitability, and strategic expansion, the company continues to redefine the boundaries of digital entertainment. As Spotify (NYSE: NYSE:SPOT ) embarks on its journey towards 1 billion users, one thing remains clear – the music streaming giant is not just setting records; it's rewriting the playbook for success in the digital age.
PEPE Possible Cup and Handle Patternin my next limit order that I promised you last month, I have chosen PEPE because I am currently interested in how PEPE forms the cup and handle pattern.
Of course to be more sure when you can get in would be the breakout as it sometimes happens that a coin only fakes the cup and handle.
However, I have now personally bought Pepe here and placed further limit orders.
This is also a Good Sample or Tutorial for you guys to see how the Cup and Handle Pattern works.
Cheers
Market Update - January 26, 2024
Bitcoin hangs above $40k as ETF-led rally fizzles: After peaking at FWB:49K immediately after the launch of the ETFs, the price of bitcoin (BTC) has since dropped over 20% in the two weeks following, reaching a low of ~$38.5k on Tuesday. BTC is now trading back at the levels seen at the start of December, retracing the rally experienced in the build up to the anticipated launch of the ETFs.
Ether dips against bitcoin as SEC delays ether ETF decision: Ether (ETH)’s rally higher against BTC lost steam this week after failing to break through the 0.06 level in the ETHBTC pair. The US Securities and Exchange Commission (SEC) also postponed its decision on BlackRock’s spot ether ETF until March, and last week it delayed Fidelity's spot ether ETF application. These delays were widely expected.
Altcoins dip throughout the week, but pick up by Friday: Altcoins faced a difficult start to the week as bitcoin broke down and dipped below $40k briefly, but many retraced losses by Friday. Solana (SOL) was up ~5% over the past seven days after being down throughout the week, Avalanche (AVAX) was up 2%, Injective (INJ) was down just over 2%, and XRP down over 1%. There were some bright spots among altcoins, however, with Chiliz (CHZ) up ~30% on the week, Maker (MKR) up over 8%, and 0x (ZRX) up just under 25% over the same time period.
US markets rally as tech stocks await earnings next week: The S&P 500 hit another record high on Wednesday, bolstered in part by stronger than expected Gross Domestic Product (GDP) growth numbers released this week. GDP data showed 3.3% growth in the US economy for the fourth quarter of 2023, well above the 2% expected by Dow Jones-polled economists. Tech companies showed continued strength too, with Microsoft’s market capitalization hitting a new all time high above $3 trillion for the first time, and Netflix, Alphabet, and Meta also posting gains as market participants eagerly await earnings slated for next week.
🧑🤝🧑Topic of the Week: Double Spending Problem
👉 Read more here
STRAX: Building Momentum for a Breakout! 🚀💹Introduction: 🌐 STRAX is under the spotlight as the trader strategically accumulates for potential gains! The coin has been consolidating within the historical resistance zone of $1.19 - $1.27 for the past two months. With substantial accumulation and significant volumes, the trader anticipates an impending breakout, projecting bullish momentum in the coming weeks.
Trade Plan: ✅ The trader has acquired a mid-term position on STRAX, observing the coin's consolidation near the historical resistance zone. The accumulation phase, coupled with substantial volumes, fuels the expectation of an impulsive breakout and subsequent upward movement.
Technical Analysis: 📊 Examining the chart, STRAX has been approaching the historical resistance zone of $1.19 - $1.27 for an extended period. The trader identifies the impressive accumulation and substantial volumes, signaling a potential breakout. The anticipated breakout is expected to initiate a sustained upward trajectory.
Risk Management: 🚨 To manage risks, the trader suggests placing a stop, at the discretion of the investor, at approximately $0.897.
Targets: 🚀 The trader has marked potential targets on the chart, providing a visual roadmap for prospective gains.
Conclusion: 🌟 STRAX beckons traders to join the momentum-building phase as it eyes a breakout from the historical resistance zone. With strategic accumulation, substantial volumes, and outlined targets, the trader anticipates a bullish surge in the coming weeks. Prepare for potential gains with STRAX! 💹🚀
GOLD NEUTRAL TO SHORT OUTLOOKGold prices have been subject to significant fluctuations recently, primarily influenced by factors surrounding the Federal Reserve's decisions and broader economic indicators. Understanding the key drivers behind gold's movements can be crucial.
The Federal Reserve, during its final meeting for 2023, is anticipated to maintain current interest rates. However, the market is particularly attentive to the Fed's 2024 guidance, especially Chairman Jerome Powell's comments. Any indications of a potentially hawkish stance or insights into future interest rate trajectories are poised to impact gold prices negatively, given the inverse relationship between gold and rising interest rates.
Inflation concerns have also been instrumental in shaping market sentiments. Recent reports unveiled unexpected rises in headline inflation, attributed to surging rental costs and increased prices for used cars and trucks. This persistent inflation, surpassing the Fed's 2% target, has sparked speculation regarding the timing of future rate changes.
Market expectations have been volatile, reflecting shifting probabilities of rate cuts. Current forecasts show a reduced likelihood of a rate cut in Q1 2024, highlighting the market's uncertainty and its sensitivity to economic indicators and central bank policies.
The impact on gold prices has been notable. Gold experienced substantial volatility this month, reaching record highs of over $2,100 per ounce before witnessing significant retracement. The precious metal even fell below the coveted $2,000 mark as the dollar regained strength ahead of the Fed meeting.
Traders are advised to closely monitor the Federal Reserve's statement post-meeting, economic projections, and Jerome Powell's press conference for insights into future policy decisions. Given the unpredictability inherent in financial markets, gold prices may continue experiencing fluctuations based on the perceived stance of the Fed on interest rates and inflation.
From a technical viewpoint, the indicators are currently displaying a neutral to bearish sentiment. The Relative Strength Index (RSI) is offering neutral signals, while the trend remains bearish. Potential support levels could be identified at 1950.01 and 1984.47, whereas a breach beyond these levels might drive the price toward resistance levels at 2011.36.
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The VIX will be up 8% soon. 1. Higher Than Expected NFP Report: If the Non-Farm Payrolls (NFP) report is higher than expected, indicating strong job growth, it could lead to increased market optimism. Paradoxically, this positive news might also cause concern among investors. They might worry that a robust job market could prompt the Federal Reserve to raise interest rates to prevent the economy from overheating. Higher interest rates can make borrowing more expensive for companies, potentially affecting corporate profits and slowing down economic growth. This uncertainty can lead to higher market volatility, causing the VIX to increase.
2. Apple's Declining Sales: If Apple reports a 3% drop in sales after close, it could negatively impact investor confidence in the technology sector and the overall market. Apple is a significant component of major stock indices like the S&P 500 and NASDAQ. A decline in Apple's sales could lead investors to reevaluate their portfolios and adopt a more cautious approach, contributing to market uncertainty and potentially increasing the VIX.
3. Current Daily Support Level and Fibonacci Retracement: Technical analysis suggests that the market is currently at a daily support level and below the 61.8% Fibonacci retracement level in the weekly price range. Traders often pay attention to these levels as potential turning points in the market. If the market breaches these support levels, it could trigger selling pressure and increase market volatility, reflected in a higher VIX.
In summary, a combination of a strong NFP report, Apple's declining sales, and technical factors indicating a potential market reversal could lead to increased uncertainty and higher market volatility, causing the VIX to rise. Investors tend to react to unexpected news and technical levels, which can influence market sentiment and impact the VIX accordingly.
Spotify's Bold Move - CEO Announces Drastic 17% Workforce CutKEY POINTS
i. Spotify to cut headcount by 17% amid economic challenges, aiming for a leaner, more efficient structure for future growth.
ii. CEO Daniel Ek emphasizes strategic investment and resourcefulness.
Spotify Technology S.A. CEO Daniel Ek announced significant organizational changes, including reducing the company's headcount by approximately 17%. The decision reflects the economic slowdown and the need for Spotify to align with future goals and challenges. Despite recent positive earnings, the cost structure remains too high, prompting this substantial downsizing decision.
In October, Spotify reported third-quarter FY23 revenue growth of 11% year-on-year to €3.36 billion ($3.65 billion), beating the consensus of $3.34 billion. EPS of €0.33 or $0.36 beat the consensus loss of $(0.22).
Ek emphasized that while Spotify's investments in team expansion and content enhancement have driven growth, the company needs to be more efficient and resourceful.
Affected employees will receive a calendar invite for one-on-one discussions, with severance details including an average of five months' pay, payout of unused vacation, healthcare coverage during severance, and immigration support.
Additionally, impacted staff will have access to outplacement services. Ek acknowledged the pain this decision will cause but emphasized the need for a leaner, more efficient structure to invest strategically in the business.
In June, Spotify disclosed the decision to cut its headcount by 200 employees in the global podcast vertical and other functions, representing 2% of the company's workforce. The stock has gained 121% year-to-date.
Price Momentum
SPOT is trading near the top of its 52-week range and above its 200-day simple moving average.
What does this mean?
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.