Bitcoin vs VisaFunny thing about both of them is that they topped around 340B Dollars in market cap. Bitcoin did a 20x in 1 year, while visa did a 15x in ~9years.
To me they both went parabolic and then had a major bull trap. A massive bull trap pushing a lot higher making people believe it will go even higher. Could this be just a continuation of the rally? It very well could, but to me the global financial conditions don't make me feel very comfortable taking a long trade right now. As this market is heavily dependent on Central Banks it could continue a lot higher, but it is quite obvious that going long here is like going long Bitcoin near 15000$, so be careful.
Visa
Broken Upper Channel Turns into SupportUpper Descending channel have been broken after a few tries, and going for a return move (finding back the upper channel line as a support).
Aggressive traders can wait till it bounces back on the upper channel, and long term buyers can start accumulating from here before adding more later once the price movement is confirmed.
Stochastics shows that it is currently oversold, prepare to add when stochastics <80.
Uphill Battle for VisaVisa has a lot of hurdles ahead if it wants to go higher.
A bear trend line has formed from the all-time high and the lower high on October 17th.
Today's high was rejected on the trend line.
Today's price also failed to break the upper heavy volume profile around $140.50.
Today's price was rejected at the 4hr 200 EMA.
The 50 EMA has crossed the 100 EMA.
Continued failure of the bear trend line shows that bears are in full control and there isn't a reason to be a buyer of Visa.
If this month's momentum continues downward and price continues to be suppressed under the recent bear trend line, the 2 year upward channel is going to be under attack. A test of the major upward channel will also line up with the 4hr 400 EMA and be near the low on the October 11th. If those areas don't hold the price, Visa is in big trouble since they would then become major resistance.
A failure of the major channel, recent low and 4hr 400 EMA could take Visa down to the low $120 range.
The $120 serves as a target for a few reasons:
It's a heavy volume profile area in the heart of the major flag from Jan-April 2018
The trend line from the top of the major flag from Jan-April 2018 would be retested.
A significant gap would be filled from late April.
All of this is pending the recent bear trend line doesn't get broken.
Price action up above the bear trend line means this play is no longer a short.
It would then become neutral until price tells us more information, first being if the 4hr 50, 100 and 200 EMA can be broken and held.
Then we wait to see if a new all-time high can be broken, tested and held.
A test of the all-time high is only 8% away. Not worth the risk at this point considering the downside potential.
About the today's bear market of bitcoin - a fundamental analyseSome hints about this chart:
- 4. January 2018 - VISA blocks all bitcoin debit cards...
- End of January 2018 - MtGox deciding to sell 35000 bitcoins...
- at this time (~11.10.2018) Tether USD losts PEG!!! (see my article about on bitcointalk.org )
- at start of next year: MtGox Trustee planning to send the remained the 165000 bitcoins to the market... Trough owners, they had this bitcoins before 2014 buyed. At maximum 1200 dollar, but mostly agains 15 - 300 dollars... They would like to realise a profit - I think.
I see a bear trend since start of this year. google trends speaks also about a very big lost in searching for a word 'bitcoin' ...
Shorting Visa sharesOn the daily chart of Visa shares (V), there were multiple divergences on the AO indicator, which is a solid indication that a correction will take place. In addition, there was a pin bar at the top of the chart with formed fractal level. Shorting the instrument using level marked on the chart.
Epic Breakout on TenX PAY tokenPAY/USD is breaking up after a long drawn-drawn out sell off.
This coin has been under-performing against the cryptocurrency market and is due for a noticeable rally.
I am expecting a fresh bubble to be emerging in coins that are integrated with mobile payment applications and VISA cards going into 2019 as this area of the crypto market has not yet matured.
I believe this entry point is extremely low and that the coin is of great value below $1.00
Visa (Scenarios)Scenario 1) Over the last 3 months, looks like a continuation wedge (bearish) chart has formed, outlined in blue. If breaks below the bottom trend line, could descend down to the support level at $132, and then start consolidating.
Scenario 2) Although, over the course of the last week, looks like a symmetrical continuation triangle (bullish) has formed, outline in green, and is nearing a potential break out.
Scenario 3) The trend may hit the bottom trend line (red), and then continue upward to find a new high.
V 10-Day-Ahead Prediction - 04/11-04/24 PeriodArtificial Intelligence/Deep Learning Enabled 5 Day Ahead Predicted values for Visa Inc. ( V ) have been plotted on the chart.
The method used in this prediction is Deep Learning based, and using complex mathematical models/methodologies to extract hidden time series features in vast amounts of V related data.
The expected 5 Day Change is 0.817 %
The expected 10 Day Change is 1.310 %
Predictability Indicator is calculated as : 0.806
Predicted 10-Day Ahead Prices are as follows:
Wed Apr 11 Thu Apr 12 Fri Apr 13 Mon Apr 16 Tue Apr 17
122.15 122.37 122.06 121.78 121.70
Wed Apr 18 Thu Apr 19 Fri Apr 20 Mon Apr 23 Tue Apr 24
121.80 121.94 122.08 122.20 122.30
Please note that outliers/non-linearities might occur, however our Artificial Intelligence/Deep Learning Enabled predictions indicate the softened/smoothed moving direction of the stocks/commodities/World indices/ETFs/Foreign Currencies/Cryptocurrencies.
Feel free to contact us for your questions.
Inverse Head And Shoulders in Fingerprinc Cards All Visa owners are to soon have new cards with inbuilt fingerprint system
"To ensure the safety and confidentiality of the money transaction, all fingerprints are directly embossed on the card in encrypted form rather than being transferred to Visa. The coming week of this month is scheduled for the issue of the new generation bank cards for the residents of US and Cyprus, following which by the end of 2018, all the other countries of the world including Russia are to have access to them."
www.techgenyz.com
“The world is quickly moving toward a future that will be free of passwords, as consumers realize how biometric technologies can make their lives easier,” said Jack Forestell, head of global merchant solutions, Visa Inc. “As electronic payments expand dramatically around the world, Visa is committed to developing and investing in emerging capabilities that deliver a better, more secure payment experience.”
www.businesswire.com
The smartcards market is four times larger than the smartphone market, so this is obviously huge news. Fingerprint cards have confirmed that the company's sensors are delivered to these projects and are ready to mass-produce the units to the smartcard market.
The umpteenth attempt of a breakout MCOKris (CEO of Monaco) said that January will be a much more promising month than December and we havent seen that much yet.
So let's hope it will work this time!