Hold On To Your Pants!!After analysis of BITCOIN, I found much symmetry within the Crypto-kings trend. These large spikes most likely have to do with traders getting in and out and new money trying to use Bitcoin as a trading currency (not investment).
As the broader market becomes welcomes more "Traders" we should continue to see people riding the trend. I believe this is a day/ swing-trade play for many traders. As price/ trend suggest big $$ has been taking profits at peaks which is why we've seen with these dramatic moves to downside.
Long-term trend and Fibonacci retracement suggest Bitcoin retraces minimum 50% retracement.
Long-term trend shows bitcoin already tested upper resistance
pattern suggest Forming LARGE Descending triangles.
#watch out below
Disclosure: I have no position in Bitcoin. I may buy/ sell within the next 72 hours. This is not a note to buy or sell. Please do your homework before investing
$TWTR Potential LT Target @80USD #SequentialTwitter is on track to finish this week with the start of a new sequential sell countdown.
This new bullish countdown should also confirm the bullish cup and handle pattern.
The previous bull move from April/2017 to June/2018 has been retraced and matched with the 0.618 Fib.
This level perfectly held the price and acts now as good support zone.
From an Elliot Wave perspective, the retracement back to the 0.618 Fib means the completion of a Wave 1 & 2 impulsive move.
So we may now be in the early stage of a wave 3 with a rational 80USD first target.
Once this level reached, we will reevaluate our position based on the TD+ Enhanced Sequential Gold Indicator
MATHR3E
Fed & Dollar: Expectation and moves; Trump's tweets & EuroPresident Trump said Tuesday morning that Xi Jinping had agreed to meet with him at the Group of 20 summit next week. “We will be having an extended meeting next week at the G-20 in Japan. Our respective teams will begin talks prior to our meeting.” Trump wrote on Twitter. Markets are reacting to this tweet as a signal to relax. However, on our point of view withdrawal from safe-haven assets premature, the growth in demand for risky assets is a dubious idea. The thing is, the conflict parties need to be returned the the negotiation table.
Also, Another news that triggered a surge in activity in the foreign exchange market was the statement by the head of the ECB, Mario Draghi, that the rate cut by the ECB is considered by the Central Bank as part of the tool for additional stimulation of the economy. Traders rushed to sell euros. We'll take it slow. Draghi voiced that have already been said by ECB's officials earlier. Well, interest rate management is the basic toolkit of the monetary policy of any Central Bank. So we do not share the enthusiasm of euro sellers and continue to recommend using such descents for its purchases.
Well, the main event of the week will be the announcement of the decision of the Federal Open Market Committee on the parameters of monetary policy in the United States. Many people are waiting for lowering interest rates. But if you look at the likelihood of this event, then at the moment it is estimated at 22%, while 78% of traders believe that the rate will be left unchanged. But at the same time, the situation in July is radically different: only 15% believe that the rate will remain at the current level, and 85% think that the rate will be lowered (at least by 0.25% and 18% believe that the decline will generally be 0.5% ).
The fact is that the current situation seems ambiguous, so we are supporting those ones who are supporting the lowering. On the one hand, the trade war is uncertainties and risks to the economy. But on the other hand, 10 years in a row, economic growth in the United States has actually shown that it is too early to panic. The data on NFP this month came out disastrous, but retail sales and industrial production in the United States showed good growth. That is, we have a certain balance in the pros and cons of the rate cut today. And this gives the most obvious reason for the US Central Bank to continue to withstand a pause.
The question arises "what to do with the dollar ?". Here our position is unequivocal - sell. The chances that the Fed will give reasons for the revitalization of buyers are insignificant. Unless there will be an unequivocal statement about the inexpediency of lowering rates in principle. But the probability of this is extremely small. But the likelihood of the phrase that at the next meeting the rate may be lowered, on the contrary, seems to us quite possible. And this is a signal against the dollar.
So, our trading preferences are unchanged: we will look for points for selling the US dollar primarily against the Japanese yen, as well as the euro and the pound, selling oil and the Russian ruble, as well as buying gold.
NCASH | It could explode at any time!NCASH | the probability is getting positive!
- falling wedge on weekly, 42 days of accumulation,
- Q2 updates coming up,
- coin concept can be acquire bi high tech company,
including facebook, oracle, and amazon,
- It could explode at any time!
Buy $TWTR. One of the Best of the Long-Term StocksToday, we have very sweet opportunity to buy TWTR shares around the trend line. So show me even one argument to not do it.
Support: EMA 20&50 Lines, Strong Trend Line ~$35 per share
Resistance ~$37-$40
Enter ~ around the trend line and support EMA lines
No TP or SL.
Buy & Hold.
I have the subreddit with the same name, if you wanna ask me or community, feel free to do that. Good Luck.
Ethereum Bears Showing Their StrengthEthereum on the daily time frame broke the low of $233 which was support and it’s clearly more bearish than Bitcoin and the others. Our new daily lower high is $254.4 and anything under that level is just a lower high of a bounce attempt. The next support is at $222.8, really important support level because after that, there is no nearby support level and would be notable.
This is a scenario where all the top cryptocurrencies are going down, Ethereum is simply going down faster and we can clearly see that in the ETH/BTC chart. The 4 Hour chart was certainly indicating a lack of strength even though it was a trend change. There was barely any continuation after we changed the trend, hitting $251. A lot of upper wicks started to appear which indicates lack of strength and bears holding the price.
Nonetheless a bullish candlestick is forming in the 4 Hour Chart and the RSI is getting closer to the oversold zone which could indicate a small bounce but we have to be cautious and realize we are still in a downtrend on the daily chart.
Ethereum 2.0 development is on schedule and might play an important role when it’s finally completed, although this is planned to happen in 2021 so it is still a long way until that.
$TWTR. Trust me, you won't be sorry.I'm sure the resistance LVL ~$37-$40 range, won't be the problem for the price, therefore I recommend you to pay attention to this beautiful share and hold it for a long time. Jack Dorsey is looking at $crypto, so I bet, Twitter will present something interesting related to cryptocurrency, very soon.
Support: EMA 20&50 Lines, Strong Trend Line ~$35 per share
Resistance ~$37-$40
No TP or SL.
Buy & Hold.
Good Luck.
TWTR-Inverse correlation with s&p 500 or no correlation at all?Just eyeballing it's difficult to say if there is an inverse correlation or not. Other than the period from Oct/17 through Jun/2018 they haven't moved together all that much.
So the S&P is useless as a twitter trading signal.
...
It's amazing how much you can learn visually. I guess that is how my brain works. As an artist (Viewing TA as an art but also someone who studied art among other subjects.) I always try and explain things visually. It's often easier than the alternative.
As some of you know I've been presented with some unique challenges in my personal life. I try and remain on topic but I get distracted at times.
Plus the feeling of wanting to explain myself to people I meet and others. It's annoying. But that's life.
Anyway, for those of you out there creating. Keep doing what you do. As long as you maintain a clear intent I don't mind the absurdism because life is absurd. (Except for that one b****.) In which case please stop.
Harassment is not ok. I don't care who you are or how right you think you are.
Treat eachother with respect and life is better for everyone. Happy trading.
Twitter Not Looking Too GoodTwitter has been setting up a couple pretty strong bear patterns.
There is a nice forming H&S pattern with the right shoulder forming a low slung triangle pattern with the down-leg candles strong the the up-leg for the triangle and also the H&S pattern.
Moving averages has also decided to cross bearish with price action showing below it. The 100 EMA on the week looks to be the only support looking to support Twitter which happens to be around the red line drawn. Might have a little support from that. Once that breaks, no real strong support until
about $14 (All time low)
Possible short @ $29.44
Stop Loss $32.11
Taking most profit around Int 2.
Twitter’s Earnings Topped Wall Street Expectations. HERE IS WHY!Twitter stock rallied to a 2019 high in Tuesday's pre-market after beating first quarter estimates. The company has exceeded its quarterly earnings per share (EPS) estimates by 22 cents and its revenue expectations by 1.5% at $787 million.
After Twitter reported its bullish metrics, the stock jumped more than 18% and pulled back, settling at the +15.64% at the end of the trading session.
The key facts reported by Twitter in its earnings press release were as follows:
Revenue was $787 million, up 18% year-over-year, reflecting particular strength in the US. Total US revenue was $432 million, an increase of 25%.
In Q1, revenue outperformance, in combination with lower expenses, resulted in better-than-expected profitability, with GAAP operating income of $94 million and GAAP operating margin of 12%.
Average mDAU in Q1 was 134 million, up 11% year-over-year, driven by organic growth as well as ongoing product improvements and marketing.
Total ad engagements increased 23% y/y, resulting from higher ad impressions and improved clickthrough rates (CTR) across most ad formats. These metrics reflect ongoing strong ROI for Twitter’s advertisers.
To put this earnings news in context, let’s take a look at the Twitter’s price chart and the signals of technical indicators:
The 30-day Exponential Moving Average (EMA) is growing and the market price is above the EMA, which is a strong technical signal of an upward trend.
Market price has surged above the 2019 high at $35.3, thus breaking an important resistance level and generating a price momentum upwards.
The monthly stochastic oscillator is engaged in a full-blown buy cycle, offering a stiff tailwind for buyers after the earnings news.
The takeaway : Undoubtedly, in Q1’19 Twitter has reported very strong fundamentals, and the price chart confirms that the trend is upwards. This quarter continued a sequence of previous quarters of consecutive healthy gains and reinforced the already growing optimism around the company.
We believe that the Q1’19 has really shown a sign that Twitter is on the path to accelerated revenue and user growth. Not only did they beat the revenue expectations by a wide margin, but they also beat on a monetizable daily active users (mDAU) growth. So this is a sign to investors that all of Twitter’s investments in product innovations, aimed at making the product easier to use, are having an impact.
Revenue strength reflects successful execution across product and sales, coupled with broad-based advertiser demand. Average mDAU has grown up 11% y/y, meaning that the app is driving more people to enjoy conversations on Twitter every day.
We believe Twitter still has a long way to go in terms of making its product more conversational, innovative and easier to use. Continuing product improvements will be driving the mDAU numbers consistently higher. And, we know that advertisers are following where the users’ eyeballs are and, as the mDAU numbers go up, advertisers will follow along.
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Monfex!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Consequently, any person acting on it does so entirely at their own risk.
Twitter Inc. (TWTR) Sell Limit $39.05 > $35.29 (Profit:Risk=2:1)NYSE:TWTR
Twitter, Inc.
Information:
Our figure is a divergent moving triangle less common.
In coming days, I expect a correction on the shares of Twitter, Inc. S&P 500 also looks at correction.
About stop loss:
Stop loss 4.81%
------
Sell Limit = $39.05
Take Profit = $35.29
Stop Loss = $40.93
------
Profit:Risk = 2 : 1
Profit:Risk = +9.63% : -4.81%
Twitter Stoke High Touch $42 to $45 TWITTER Stoke must be high 42 to 45 level . The market price is now at 39, From here the market can make some correction,so if you can wait for correction , it will be good to buy position because market must be touch 42 and 45 Area. Correction Area 37.50 should be take a buy position .