UPDATE: Tigerbrands downside is crashing faster than expectedInverse Cup and Handle formed on Tigerbrands.
We were waiting for a break down out of the brim level, but alas we never got the entry level.
Instead it gapped down and is already on its away to the target.
It was a missed opportunity but we couldn't do anything about it.
200>21>7
RSI<50
Target R134.44
SMC: Buy Side Liquidity Order block formed above the Handle of the C&H.
This is where Smart Money came in and swept the buying from retail traders.
They SOLD into the buying orders from long traders and stops from short traders.
Now the momentum, trend and target is heading down!
ABOUT Tigerbrands
Establishment:
Tiger Brands Limited is one of South Africa's largest and most popular fast-moving consumer goods companies. It was established in 1921 under the name Tiger Oats.
Brands:
The company owns a plethora of high-profile brands such as Jungle Oats, Tastic Rice, Albany Bread, Oros, KOO, and All Gold.
International Presence:
Despite its strong South African roots, Tiger Brands has a significant international presence, with export products going to more than 50 countries worldwide.
Acquisitions:
Over the years, Tiger Brands has made several acquisitions to expand its footprint. This includes the purchase of Dangote Flour Mills in Nigeria, though the venture proved unprofitable and the division was later sold.
Tiger
ETH raises $10 billion in Series A Ethereum Push Notification Service (EPNS), a decentralized correspondence layer for the crypto space, has brought $10.1 billion up in a Series A financing round to extend its Web3 informing abilities past the Ethereum blockchain.
Cryptographic money framework outfit Jump Crypto drove the subsidizing round with interest from Tiger Global, ParaFi, Polygon Studios, and Wintermute. Different financial backers included Sino Global Capital, Harmony Foundation, and Zebpay, among others.
As indicated by Thursday's declaration, the EPNS Series A puts the undertaking's valuation at about $131 billion. The undertaking brought $1.41 billion up in seed financing in late 2020.
Is a bull going to show his horn? THE TIGER IS STALKING!Fellow traders,
Here's to an other overly simplified yet very efficient analysis on the daily BTC chart. Just like my last idea, Daily BTC chart is the best chart for spot on confirmation yet quick positioning timing. I am posting a little earlier than I expected as bitcoin fall been quicker than I anticipated. We are now approching an other major resitance.
Let's jump right in. And remember, just like a hunter, TIME IS YOUR FRIEND PATIENCE IS KEY. So ready your rifle fellow hunter, but remember your bullet are precious and we only shoot on confirmation. Right now we still have very high signals of a downfall. I wanna draw your attention first on the upper Bolling Band, see how it's opened up? Not good my friend. BTC has now all the power it need to break the white resistance + Red Trendline. Second we are also still trading under SMA200. But if you read my last idea on BTC, we anticipated that scenario. Stay focused now. If the Red trendline doesn't hold we will test it back before testing the Green one. BUT!! that key resistance point we are about to reach might act like a small spring to push the price back to at least that yellow trend line wich might give us an opportunity for a quick shot. We shall zoom on the prey with a 4h scope in the next analysis when the time will come.
(Volume are strong wich add power to the spring)
I now leave you to the hunt. You are the only one who press the trigger. You are the tiger and you make that kill. BE PATIENT. LUST, GREED, GLUTTONY, ENVY. 4 of the deadly sins. Push em away and breath. Better wait for a confirmation and lose a little profit than miss a shot.
Your beloved and only,
Zip.
Bitcoin: BTCUSD Ride this Tiger nowBitcoin:BTCUSD Ride It now and let's see where it takes us next...
So far, so good...low at 7332 so no stops should have been hit
with the cavalry arriving just in time...so now for Bitcoin's next trick...pin bars from thenew high show there's some
serious profit taking going on and it should come back to the
break-out level yawn, in text-book fashion again? Surely this
has to do something bad soon...it's just being too sweetly
behaved...anyway despite being a little taken aback by it's
sweet nature today we should stay long, I believe ...it can
come back to test the old trend line again from above bit it
should hold up...it's overbought and needs to unwind some. If
it can hold up now you could end up very rich from today's
trade....just hold it until you see it getting mentioned on the
FRONT page of your newspaper (not electonic, real) - time,
as always, will tell
Over and out - And Good luck from the man in the white hat!