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BTC downtrend to 20k and then shoots back up to 80k!I personally for now don't see any value in BTC, but based on technicals, this can easily happen. Let's see whether it will drop to entry and from then onwards. Criteria: 1. Retest of previous support 2. Re-tracement and building momentum 3. Musk selling btc can lead to this 4. China declining to accept BTC can lead to this 5. Major upside, if updated (which may come tbh) Check out my YouTube channel for more cool investment stuff.
BITSTAMP:BTCUSDLong
by MariosWorldOfficial_MG
The fathers of communism: Full time investors and speculatorsKarl Marx the short term speculator, Friedrich Engels the investor, and probably an advisor/mentor for Karl Marx. Engels also seemed to speculate on commodities (he mentions Corn, Cotton... they were the oil of back then, there isn't such a big need for risk takers these days with how big the productions have gotten). Marx & Engels were right about the core of their idea, with modern production, there was no need for anyone to go hungry, we can now feed everyone. Today, finally, sadly long after they passed so they could not witness it, no one goes hungry outside of a few third world countries that are all communist or socialist. We made it. And the rentier parasites of the 19th century have mostly disappeared. But people still have to work. And people are still unhappy and there are still marxists around for some reason. Looks like they did fundamentals & technicals, looked at supply & demand, euphoria, politics, news, the usual stuff. Nothing ever changes does it? What's it with rich people and communism? (Engels retired early as a millionaire and sent Karl Marx the equivalent of around 15k usd monthly + the money he got from books) 1852 letters are listed here, but most are not online: www.marxists.org "The file you have tried to access originated from the Marx Engels Collected Works. Lawrence & Wishart, who hold the copyright for the Marx Engels Collected Works, have directed Marxists Internet Archive to delete all texts originating from MECW. Accordingly, from 30th April 2014, no material from MECW is available from marxists.org. English translations of Marx and Engels from other sources will continue to be available." However I found the Engels letter I quoted here in the archives: marxists.architexturez.net If it can't be found in the future it is the Manchester, 24 August 1852 letter Source: MECW Volume 39, p. 164; First published: in full in MEGA, Berlin 1929. I quote an article: "During retirement, at 49 years old, Engel’s portfolio produced an income sufficient to cover his living costs, as well as provide Marx with an annual subsidy of £380. This effectively gave both men membership in the rentier class, which many communists despise." Doesn't look like these 2 enjoyed working. "Dr McKibben, of St Antony's College, Oxford, suspected Marx was not the wheeler-dealer he claimed to be: 'He probably just put the money where Engels told him.'" The Chinese have developped a taste for speculation, and like with religion, you can always find bits to justify anything you want. Peking Youth News years ago, several times I think, in 1992 and more recently, have mentionned the duo market adventures and said it was ok. Correct me if wrong. I wonder, if the prophet was not a trader, would the middle east have a huge problem with the markets? Maybe not, they are the ones that invented derivatives very long ago, and their geography has always produced a very high demand for traders.
TVC:UKXEducation
by MrRenev
1
Its LIT$; Strong Fundamentals, Good technicals.Litentry: DID Aggregator, If you want techincals its in the section below. Ive been eyeing up litentry ($LIT) for the last month or two; it’s an innovative project backed with a strong team, solid fundamentals, and a realistic use case (if executed properly). For the time being, it is a speculative investment, given that the core product has yet to be launched and utilized by the general public. Feel free to jump into any section, perhaps this rant isn’t worth the time. Nonetheless, ill briefly explain the purpose of the project: What does it do? (Fundamentals) Litentry aims to aggregate data to identify unique users within multiple blockchains (read; interoperability) and facilitate multiple functions/features that previously were difficult to achieve in DApps. For example, suppose litentry manages to create unique IDs for people like you and I, and with these newly established blockchain identities we can undertake a new set of actions. A list of the common hypothetical actions include. *Personal Credit Scores: In the "real world", individuals acquire loans and credit through a system of scores and ratings (FICO, AAA, BB-). These scores are assigned by credit institutions like moodys, equifax, and fitch which ultimately designate your credit worthiness (how much you can borrow and/or at what interest rate). The system is based mostly on historical data; if you default on debt a lot, you lose the privilage of credit, but if you pay promptly youre allowed a bigger loan and/or at a lower interest rate. On the other hand, the "DeFI world" attempts to offer banking services to everyone, without exlclusivity, bias, or censorship, and right now, its limited by its collateralization ratios and requirements. If youre a small business owner in Nigeria and would like to expand you inventory by 10,000 USD via a personal/business credit utilizing the current DeFi services you would at least need to collateralize this loan with 20,000-30,000 USD worth of ETH, BTC, or others. If you don’t have collateral, you dont have DeFi; kinda lame. But, if you had built up a strong credit history on the blockchain, you could secure microloans (maybe even the full loan) using your DID that litenty has aggregated for you. Enter a new paradigm for DeFi in the world. *DAO Participation: It seems almost every token these days offers decentralized autonomous participation to its holders. That’s pretty cool, and analogous to shareholders in the stock market. In the "real world", financial reporting allows us to understand share distribution with reporting and compliance of large shareholders. And in blockchain tokens, we have that too, and even better. We can follow in real time the movement of tokens with every address that sends and receives the asset, if you knew Warren Buffett’s blockchain address, you could see when he acquired ETH, or when he sold it. But what if he held billions of ETHs spread out over thousands of addresses, he owned? Suddenly what seemed decentralized is no more, and ETH (or Token “X”) is a centralized organization. If you could assign unique identities to each holder voting and participation would be even more fair and decentralized this way. *KYC: Lastly, if you are going to run through a process of KYC with every new customer or with returning customers (log-ins) it would be quite easy to have an identity at hand to sign on/in. I´m Buying (Technicals) As you can see, we are in a pretty large range, excluding the local top of February, the horizontal price movement seems to be bound from 7.90$ to 12.50$ +- some cents. I like horizontal movements given that they often suggest some large accumulation (the bigger the accumulation the stronger the move to the upside and downside). A very weak trend has been established, its almost not noteworthy but its something to keep in mind just in case. I have bought small amount at 8.70 and intend to buy larger amounts near the POC. Its hard to snipe an entry with such a volatile asset, but if I were to call a sniping entry it would be at 7.97$ (+-0.02). Dollar-cost averaging this entry is key and expect a slightly larger holding period for bigger returns. However, the market in ETH is super-hot, and litentry hasn’t really followed the pace, it has a positive correlation (.43) to it so I can only hope it will catch up. Good trading, Matthias M.W
LLong
by wachterxc
AUDUSD LONGOverall price has been bullish on AUDUSD. There are still large areas of liquidity that needs to be taking out as there are two daily highs that still have not been hit just yet. On the 4HR, price also made an institutional move to the upside and left an order block as well. Price also seems like it is forming an inverted head and shoulders as well Since the higher time frame is bullish, and there are highs that have not been taken out yet, I am looking at a long opportunity this upcoming week for AUDUSD On the downside, if price breaks the trendline and makes a lower low, I will wait on the retest and sell opportunity to short AU, but I see more buys confirmations than sell confirmations.
Long
by EricDowdell
GE Signals Long GE had dropped by 14% last week from Tuesday to Thursday experiencing its largest fall-off in the past 11 months. While on Friday, GE rebounded and added 2.53% and closed the trading session at $12.58. And looking to recover some of last week's losses, GE is up another 1.2% to $12.71/share in premarket trade today. And last week, Deutsche Bank raised its price target on GE to $14 from $13. GE is trimming its losses to get back higher after testing the lower boundary of the upward sloping channel. And it's also clear the 100 EMA has been so important over the last period acting as a strong support. Traders may consider trading long positions as long as the price remains well above $12 so we can see prices at $13.40 as the next bullish objective to target. The bullish break of this resistance would revive more bullish momentum, So the he bullish movement could then continue towards the next resistance located at $14.50.
NYSE:GELong
by AlyaAkram
ITCDisclaimer: I'm.not a SEBI Registered financial advisor all views posted are just for mutual learning and I'm not responsible for your profits or losses ,build your own conviction through learning and take action ,don't enter blindly , I hope this post add some value to your learning 😊 About stock :ITC is forming a Triangle Pattern and looks good upto Rs365 ( minimum hldng period 1year& Ardmore around 190levels) for very short-term traders Targets could be 220&235 StopLoss -199
NSE:ITCLong
by yaparla510698
1
USDCHF is on the phone with the bears.The Dollar started rising against the Franc and it just started a new trend, because it's brand new and it's still creating it's support and resistence lines we have a great opportunity to trade those level zones. As we can see from our chart, the Dollar is about to hit an important level, tested many times in the past which makes it a strong one , and price action tells us that it should retrace back to around 0.90500. Stay tuned for more Ideas on Forex and Crypto's from an Insider.
Short
by BullishOmar