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The double bottom scenario! As I was doing some restructuring of my previous lines on the chart i came across a slight switch up of future direction in the medium term. Based on my time adjusting my BTC chart i have been pushed slightly more to the bullish side based on both technicals and fundamentals which have arisen, and are slowly shifting the narrative over the markets. My reasoning will be discussed blow in terms expressed simply for those who are new but technical enough to be applicable to those of a experienced background on markets. 1) Flag formation (neutral): although the flagpole originates from a bearish direction the flag is seen as a downward trending slope. Therefore technically it can be argued that the formation can both be interpreted as bullish or bearish, depending on the signals being created within the flag. I shall be explaining why my view is more bullish than bearish in my opinion. 2) Double bottom (bullish): This formation is known widely as being a bullish sign or bearish if it is inversive. This formation is more powerful based on that fact that it also forms a bottom for the flag formation increasing the likely hood that it will reverse. Although the neckline of the formation cuts through the Golden pocket of the fib retracement which will act as strong resistance for price to break through. If price breaks this area it will be seen as an additional point of confluence. Thereafter there is not much resistance between the Golden pocket (GP) and the Target point (TP) which sits at the $38.8k mark. My medium term prediction for the the price based on the fact that the technicals are looking good as well as the narrative is beginning to shift, should be around $41k, which is labeled as the 50% fib level. Although this may look easy to achieve, it surely wont as the bulls would have to step up to break above the strong resistance levels that lie ahead of the $40k mark. NB: Be advised that all technical indicators and formations expressed are based on my personal opinion and limited knowledge in the field of technical analysis. Don't base any trade off my opinions but rather take it as a perspective upon your own research and analysis. Thank you for reading up until this point of the article. All likes and comments would be much appreciated, and if you have any thoughts on this article feel free to express your opinion whether it is good or bad. #notfinancialadvise #tradingview
COINBASE:BTCUSDLong
by Crisp_Flow
$CUEN Low Float IdeaLow float mania continues with today's highest flyer $VINO that I had published an idea on at the start of June see that idea here: Cuentas Inc Uplisted to nasdaq on February 4th 2021 with a $12M public offering and a 2/5 split on 2/21/21 4.85M float (smaller than vino) On Balance Volume showing big stepper's footprint being left behind. I I am long at $2.30 and willing to get much bigger. Miss Vino's big move today? Accumulate here and you won't be chasing.
CLong
by Todoubled23
BFLY On The Way To $20BFLY Current Price $11.75 Price Target $20 Innovative tech has been killed since February but the core difference between most innovative tech and BFLY is BFLY is a profitable company only trading at 5xPE. This is very cheap when you consider the S&P is trading at 20 PE (which means BFLY is trading four times cheaper than the market). BFLY has created a handheld ultrasound that is significantly cheaper than a normal ultrasound machine. This product is going to be used by developing countries in the future.
NYSE:BFLYLong
by Value-Invest
2
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