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Amazon $120 - $125 a share!?Amazon has an upcoming stock split of 20:1 bringing the that unaffordable to retailer investor and traders price of $2247 to about $120 - $125. Which is much much more attractive. If you didn't know it should take place on Monday June 6. AMZN has been in a downtrend since November 2021 with a short-term uptrend since May 24. AMZN recently broke short term and noticed a trading range between 2400 - 2500. My moving averages indicates they're still in a short term uptrend with price trading in the short term and mid term moving averages. According to AMZN financials and reputation. I say this stock split is great news and most definitely some initiative to buy/hold and/or get a few day trades in.
NASDAQ:AMZNLong
by charrison4300
Why should we buy some LINK ?hello my friends ..... if you look at the 02 July 2020 , when link broke up the 5 $ resistance , we had really good bullrun for link. and almost 1000% gain , from 5 $ to 53 $. ok , what now ? we are getting close to 5 $ again and its good support for link. look at the volume traded from 1 $ to 5 $. you can wait for testing 5 $ or wait for breaking the trendline , (pointed with yellow arrow) ..... for the long term : the strongest support for now is 5 $. if we lose this support the next one is around 3 $. the strongest resistance is 12 $ ..... not financial advice ! please , share your ideas with me I would like to see what do you think about any cryptocurrency <3 have a great day.
Long
by coocoolikoo
4
Bitcoin Long Term Analysis 💰I want to take a closer look at Bitcoin's price weekly logarithmic chart. This is my view of Bitcoin right now. we look at bitcoin in several ways. 1- Long term channel (purple) 2- Short term channel (green) 3- PRZ - fibo retracement and extention most powerfull PRZ zones: $22000-$23000 and $11000-$11600 4- Head and Shoulders = it's target is about $18000 5- also last ATH (about $19000-$20000) is a strong Support so my buy zones are: $22000-$23000 & $18000-$20000 & $11000-$12000
BITSTAMP:BTCUSD
by Matador7x
3
BTC Long Term Analysis and what the bulls need to do!Here is what BTC MUST do in order to be bullish: 1) BITCOIN MUST CLOSE A FEW DAILY CANDLES ABOVE THE DAILY 50 MA - Anytime this has happened, Bitcoin has taken off 2) BITCOIN MUST COMPLETE A BULLISH MACD CROSSVER ON THE DAILY - Once BTC completes an entire MACD Bullish Crossover on the daily, it has tons of massive upside 3) BITCOIN MUST PRINT A GREEN RENKO BRICK ON THE DAILY - Notice the renko charts on the daily. When a green brick is printed, it is a sign of higher movements. BTC hasn't printed a green brick in 3 months, but it is in the process of printing one 4) SIMILAR TO NUMBER 1, BTC MUST GET ABOVE THE 200 DMA AND 200 MA. These are absolutely crucial levels that BTC must overcome if we want to get back to much higher levels I don't watch the news, to me the charts are what matter. I never take fomo/fud into account because I trade much better when I focus on the T/A itself and not outside garbage noise. In my opinion, if these 4 things happen, we are massive bullish on BTC and crypto in general. But it must overcome atleast all 4 things in order to remain bullish for atleast a few weeks. It does not matter if these 4 things happen on the weekend, as long as they happen then we are bullish! Remember the short squeeze in July 2021 happened on a Sunday! Also here is some food for thought about long term BTC price prediction. If we combine all the money there is in the world, as of March 2021 there is $1,300,000,000,000,000 of all the money in the world. The entire stock market makes up roughly 100 trillion dollars. Crypto market cap only touched about 3 trillion dollars in 2021. All the money in the entire crypto market makes for only about 0.23% of that! That's it! Do you know how little that is? That just shows us how early we really are in crypto. We are not even 1% of all the money there is in the world Mass adoption in crypto is already happening. El Salvador, now Russia, and more countries to follow. Bitcoin supply is roughly 18 million BTC out there. Think about it, institutions and big sharks just keep on and on buying Bitcoin. Now more and more countries want to buy Bitcoin too. The demand for Bitcoin is just going to continue to increase and the supply is already fixed. Doesn't this just make one single satoshi that much more valuable in the future? If you think Bitcoin is too expensive at $30,000. Imagine how much more expensive one single satoshi will be in the future when mass adoption is here and most of the population in the world demands Bitcoin. Bitcoin isn't going away. I could see 1 sat being the equivalent of $0.01 Of course I could be wrong, but then why are so many countries wanting to adopt Bitcoin. Why are so many institutions and big sharks wanting to buy more and more of this stuff? Why are governments banning the trading of crypto in certain countries, preventing their users from purchasing Bitcoin, discouraging them. But yet later on lifting the ban and taxing crypto? Lifting bans when Bitcoin is much more costlier than it was before the ban. 8,000,000,000+ people in this world and growing. Just roughly 18,000,000 BTC in circulation and most of it is being accumulated by big institutions and sharks. When they finally buy it all up, they will drive the prices up so high, higher than we can imagine. Demand for it will be insane with all this adoption and legal tender and stuff. If Bitcoin market cap can reach just 1% of the entire money that there is in the world, the price of 1 BTC would equal to $500,000+ and that is just 1% of all the money in the world. With more and more money generated, that number would go much higher. COINBASE:BTCUSD
COINBASE:BTCUSD
by Coindatahouse
Do you have a Reward to Risk ratioIn the world of trading, do you know what a Rw/Rs (Reward to Risk) ratio is? if you dont this article will be beyond your understanding. I suggest you read up on Reward to Risk ratio & come back to read this. If you do know what a Rw/Rs ratio & assume most of you do, we can continue our merry trade discussion ;D My Rw/Rs ratio for Swing trades that i take on a Weekly (W) chart is factor of 4 to 6, am happy to see more. with my Day trading strategy; am a little more aggressive & will settle for a Rw/Rs factor of 3-4 to take on a day trade. Once a while, a trade opportunity arises that offer such a large room for Reward to run, as in this (W) chart of WMT WalMart Corp. if the trades goes my way, look at this room for profit to run, with no resistance of supplyzone in sight this can go up.....sweet mama, she got my attention. First; (Disclaimer) I will never take a trade solely based on a sweet Rw/Rs the odds are not in my favour. Back to the trade. So i have a sweet Rw/Rs ratio what else is going on? Price is crashing into a DZ from the (M) & this DZ happens to be the HL of the month (M) uptrend. This is good, The week (W) price chart is into the long-term chart DZ (Demand zone). This qualifies only if the (M) is still in a technically defined in uptrend. This is a Classic trade set-up I love. Like a Snipper I set my LNG (long) entry at 117 level slightly above the lower band of the DZ, my entry was so low that my risk was less than a dollar before my STP triggers. I took the Long position, the market rallied & so did WMT, & I closed 1/2 my position once price reached 128, I took a good 10 Rw (Reward) pressure if off. already the trade made its money. & I let the 1/2 of the position run. Lets see how it goes when the market is open on Monday. This was a swing trade using the (W) chart to identify the setup. Long-term would be the (M) chart & I used the (D) daily chart to enter & set my STP.
NYSE:WMTLong
by greatful-me
SNAP Longer Term Buy and HoldSnap lost over 80% since September 2021. Recent price drop..they basically said they won't make earnings. Support zone between $4.90-$8.00. If price drops below the $4.90 price it might start getting sketchy. If we see a gap fill, I expect to see some resistance going through $27 zone. Ultimately I can see the stock go between $40-$48 long term. I'll probably be buying in and checking on price over the year while snagging more and more. But I don't expect anything huge soon. It'll be a slow crawl in '22 and picking up steam in '23. Already bought some at $14.22..
NYSE:SNAPLong
by DubbsyFX
2
Possible Descending Widening Wedge SNDLSNDL has been, along with the Canadian cannabis sector, in a long downtrend since June 2021. If you exclude the 2 sharp jumps in prices, the pivot points have been making a Descending widening wedge. This reversal pattern, in addition to the company's recent acquisitions and diversification of assets, may lead to both a sharp jump in price in the short term and an overall reversal of trend in the next year or two. Additionally, the US, Canada's bordering country, has a bill that will be approaching the Senate floor for the decriminalization of cannabis on a Federal level. The news of a vote on said bill will most likely be a catalyst to an increase in price prior to the actual vote; leading to a jump in price. Sndl is currently in a curing stage to increase it's stock price to $1 for 10 days within the next few months. The company also has a stock buyback plan yet to be implemented.
NASDAQ:SNDLLong
by MissingCodex
Short Term DXY DownTrendIt seems DXY is hitting resistance again with 21 EMA and downtrend line. Most likely short term if keeps closing below the trend line and EMA then DXY will keep going down, probably finding support again along the 100.196 price, and maybe bouncing off from there to break out. As for right now, it seems to be looking like DYX is inside a downtrend channel, thus it could keep going further down if doesn't break out of the channel. Which could keep good for BTC in short term, thus showing in the past when DXY is going down then BTC is going up.
TVC:DXY
by Gg23gg53