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Synthetic

XDCUSD: Get ready for this signal.XDCUSD is neutral on the 1D timeframe (RSI = 51.811, MACD = -0.002, ADX = 40.140) with the price consolidating insde the 1D MA50 and the 0.0500 Support. In accordance to the two prior consolidation into recovery waves of this Fibonacci Channel, the next crossing over the 1D MA50, will be a buy signal. The 1D MACD pattern is a lot like the bottom formations of February and June. Be ready to buy that breakout and target R1 (TP = 0.09350). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:XDCUSD
by InvestingScope
1
Mirror on Coinbase Pro! Is the top in or is there more upside?I wanted to put out an idea on MIR for quite some time, but because I did a video on youtube and included it... I didn't. I've done this with several coins and overall have tried to put out proper gems in here, like smaller coins and not just stuff everyone talks about... but that doesn't seem to be what people want so I need to balance stuff out. In my opinion MIR has a lot of potential. Despite the inflation I think it looks good. Most of the price action in the 9-13$ range has been because of listings and additions. First it was Coinbase Custody, then Binance, then Huobi and now Coinbase Pro. MIR is essentially at ATHs vs BTC and almost at ATHs vs USD. I think after the addition it won't dump, but actually have a nice pump. Initially a pullback down 10.8 would be an incredible opportunity to buy the dip with the expectation to ride it up to 20$. However even buying here isn't a bad idea, as I think the liquidity after the listing will make it go higher. Worst case it dumps to where I have currently set the stop loss. It might be a little aggressive as all the way down to the trendline it is good for buying.
MLong
by BitcoinMacro
7
Is it time for DeFi again? Most likely yes!DeFi on Ethereum had a big correction after things got really frothy and fees on Ethereum skyrocketed. For about 2 months DeFi took a back seat as everything else was pumping. During those months we saw tons of pumps from different categories, while DeFi & ETH had a 35-60% corrections vs BTC which is quite large. What we need to note however is that DeFi had gone up over the summer while the rest hadn't. Also part of DeFi bottomed vs BTC in November while the rest bottomed in January. Now clearly fees will be an issue again, but the influx of new people is going to push DeFi much higher. Not only the influx of new people, but people selling their Coinbase stock and we need to remember Coinbase went heavy on DeFi tokens over the last year with lots of listings. To me this is a key rotation (from CEXs to DEXs) and includes not only Coinbase stock, but also stuff like BNB, FTT etc. AAVE, SNX, BAL, COMP, MKR, YFI are the larger ones which have also been lagging to an extend compared to others. All of those are listed on Coinbase. UNI hasn't been lagging and its UNIBTC chart looks like a gigantic cup & handle pattern. Now SUSHI and CRV got recently listed on Coinbase, so they have the potential to do very well given that there will get more buyers this time around. BNT has a quite special chart and its price action seems controlled by a bigger entity. GRT is a special one as it has had several big pumps and looks ready for its next big one. LRC has been a massive lagger too and it is pretty cheap compared to others so potentially cheap to own here after such a big move. The DeFi index doesn't show the full picture yet because it has weird mix of coins, however the breakout is very clear. This could be very similar to what happened earlier this year in terms of magnitude. We are 3.5 months into this alt season and we are getting breakout after breakout. Rotation from one category to another with no signs of weakness as a whole. Yes some look weak, yes some haven't done well... Yet the market as a whole has been pushing higher and higher. Ethereum is also looking very strong and healthy so it can push much much higher from here over the next few weeks. I can see the whole altcoin show going up until the end of June, so be prepared for big stuff. I think we in Phase 4 or Phase 5 of this alt season. Given that we are going back into DeFi assuming this pump won't fail or that others don't do better than this market sector, we are probably in a new phase. We are potentially 60% into this alt season and there is a lot more to it!
FTX:DEFIPERPLong
by BitcoinMacro
Injective has the cleanest and strongest trend out there!INJUSDT and INJBTC look very solid. INJ, AXS & ALPHA all came about the same period on Binance and they were some IEOs that have done very very well. I won't go deep into the fundamentals of the project but I really like the concept and the fact that they are doing lots of things to expand across different chains and bring in many innovative projects. ALPHA was the early bloomer, INJ initially was strong but then started lagging massively. It never got frothy or exuberant. Essentially INJ has been going stairs up and eventually will take the elevator up too. I do believe eventually the trend will accelerate rather than slow down. Both BTC and USDT charts look extremely promising and from here the price could easily double or triple. Yes in the meantime we might get a fairly strong dip, but after that I believe the pump will be epic. s3.tradingview.com
Long
by BitcoinMacro
1
Synthetic Biologics Bullish MomentumSynthetic Biologics Announces Washington University School of Medicine in St. Louis IRB Approval of the SYN-004 (ribaxamase) Phase 1b/2a Clinical Protocol. A previously completed placebo-controlled Phase 2b clinical trial of 412 patients demonstrated SYN-004 protected the gut microbiome from antibiotic-mediated dysbiosis. Patients receiving SYN-004 also demonstrated significantly better maintenance and recovery of the gut microbiome as well as lower incidences of new colonization by opportunistic and potentially pathogenic microorganisms such as VRE. (Source: prnewswire.com) Please leave me a message if you want to test the buy and sell indicators that i am using.
SLong
by BuySellMarketMaker
2
EDUCATION: SYNTHETIC DIVIDEND GENERATION VIA SHORT PUTI think everyone can generally agree that idle cash sitting in your account doesn't earn you much. Here are a couple of methodologies to deploy that capital to emulate dividend generation without being in the stock itself. For purposes of this exercise, I've chosen HYG, which is not only options liquid, but also has a decent dividend relative to the broader market. Currently, it's 4.92% annually, and its last monthly dividend was .359/share compared to SPY's annual yield of 1.59% and TLT's 1.57%. In the past, I've used several different methodologies to generate a yield approaching what the underlying is paying annually, depending on how much capital I wanted to or needed to tie up while waiting for opportunities. (a) The Once a Month/30 Days 'Til Expiry Option: When the next monthly is 30 days until expiry, sell the option paying greater than or equal to the current monthly dividend. Run it until expiry and allow the option to expire worthless and/or take on shares if in-the-money, and sell call against at the same strike as you sold the put. Manage thereafter as you would any ordinary covered call. This is potentially the least buying power intensive setup if you're just selling one contract per month and will necessarily be of short duration. (b) The Each and Every Weekly 30 Days 'Til Expiry Option: Each week, in the expiry nearest 30 days until expiry, sell the option paying greater than or equal to the current monthly dividend, again allowing each successive weekly option to expire worthless and/or take on shares if in-the-money, selling call against at the same strike as you sold the put, managing it thereafter as a covered call. Naturally, if you want to do something like this each and every week, doing, for example, one contract per week, you'd be tying up greater buying power and/or notional risk to do so. The upside: your longest duration is going to be 30 days. (c). The Laddering Out in Successive Monthlies Option: Instead of doing just the next monthly at 30 days until expiry, ladder out 30, 60, and 90 days until expiry, selling the put in each successive monthly expiry for an amount greater than or equal to the current monthly dividend. For example, sell the December 18th 83 for .38; the January 15th 80 for .42; and the February 19th 76 for .38. When the front month expires worthless, consider selling a new back month, again for a credit that is equal to or exceeds the monthly dividend. The downside to this methodology is that it is not only buying power intensive, it ties up buying power for greater duration.
AMEX:HYGEducation
by NaughtyPines
10
TRADE IDEA: VIX "SYNTHETIC" COVERED CALLRecently, I've been warming up to "synthetics" a bit ... . They offer various advantages over the garden variety of covered call, not the least of which is capital efficiency, since they're generally cheaper to put on than regular covered calls and you get to "pick" the price of your "synthetic long stock" without actually waiting for that price to actually be hit. In this particular case, I'm looking to go "synthetic covered call" in VIX. In an ordinary covered call situation, you buy the underlying stock and then sell calls against that stock in order to reduce your cost basis in the shares. Here, I'm buying a long-dated, far ITM VIX call to stand in as my long stock against which I will sell calls to reduce my cost basis of my "synthetic long." (As a side note, you can't buy shares in VIX -- only options, so even assuming I wanted to go covered call, I couldn't with this particular instrument). Currently, the Sept 21st VIX 10 call will have a cost basis of about $1035, and the May 18th short call will bring in about a $455 credit, meaning that I will have reduced the cost basis of the long option by about 44% from the get-go. The debit you pay to put the setup on is the difference between the long call ($1035) and the short ($455). Between putting the trade on and expiry, I will repeatedly roll the short call out in time, collecting additional credit and further reducing my cost basis in the long ... . Naturally, the notion is that sometime between now and September, we'll see VIX north of 14, at which time I'll look at taking profit in the setup. Here are the metrics (what there are of them): Probability of Profit: Unknown Max Profit: Unknown Buying Power Effect/Risk: $580/contract; defined Break Evens: Unknown Notes: The reason why the prob of profit, max profit, and break evens are unknown is because you don't know how soon VIX might break 14, how many times you will be able to roll for a reduction of cost basis, etc. You may be able to roll several times before taking profit, but the amount of credit you receive for each roll will naturally vary as the credit received will be, in part, a function of price's relationship to the 14 strike.
CBOE:VIXLong
by NaughtyPines