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XTZ on the next Bitcoin $250k Peak with three possible pricesXtz on three possible price points going into the next Bitcoin Bull Run 2023. Keep in mind Tezos is a baby platform but with a massive war chest of over $600 million from their ICO. They are a likely candidate like Cardano to displace Ethereum as the number two in crypto rankings. Tezos has brilliant coders/programmers and tackling the STO market which will be a massive shift from conventional Wall Street markets. This is a gem waiting to explode. The three price targets I have her are between $250.00 up to $2,500.00. Please keep in mind that this is only my opinion and I am basing this on the current trendline trajectory that is apparent on this three-year chart.
COINBASE:XTZUSDLong
by altcoinb
5
Which Companies May Win More from the U.S. Election GridlockThe only manifested gainers from a lasting uncertainty surrounding the final U.S. election results seems to be, for now, some European, Asian and other non-American stocks. For example, the German Xetra DAX 30, as well as the French CAC 40 and pan-European Euro Stoxx 50 indexes are climbing higher for the fifth straight trading day in a row. China’s Shanghai Composite (SSEC) also added around 3% compared to last Friday's closing price. The Shenzhen Component rose 1.72%, and Hong Kong’s Hang Seng Index soared 3.25% today. Even in Australia, the broad S&P/ASX 200 index gained 1.28% today and around 3.5% since the beginning of the week. As investors await to see who will be recognised as the legitimate political leader of the United States after a series of lawsuits claimed by the juridical team of the incumbent President Donald Trump, the U.S. S&P500 and high-tech Nasdaq indices are also in overdrive, going up on the path of least resistance, maybe because the stock markets are used to growing year by year under both Republican or Democratic administrations inside the White House. So, it is not a big surprise that after the previous technical correction large amounts of the financial flows were redirected outside the United States in this suspended situation. At the same time, it may be argued that if formally leading Biden wins the election, then a corporate tax increase promised by him may temporarily play against the market and negatively compensate for the yet-to-be-adopted stimulus package, which may add to rival attractiveness of assets from Europe or Asia. In case that Trump succeeds in court, the U.S. market could get an additional burst that may continue a four-year long "Trump-rally" by inertia, which also could quickly help other markets. Perhaps for these reasons, Europe and China are now getting a fair slice of the investment pie. For example, Hong Kong stocks of Alibaba jumped 5.7% for the next 24 hours after Election Day, even though Chinese regulators halted the Shanghai and Hong Kong arms of Ant Group’s IPO, an affiliate FinTech unicorn company of Alibaba Group, which was expected to become the world’s biggest IPO listing. Of course, Chinese companies are partly hoping for tariff relief on the American market in case of Joe Biden's arrival to the White House. A situation with a rather weak next President may not be considered so bad for Chinese manufacturers and IT-companies, as any next U.S. President could be tied in his decisions after the nation was so divided politically. Meanwhile, the Democrat candidate Joe Biden claimed victory in the states of Wisconsin and Michigan earlier in the day, which inches him closer to the White House. However, the decisive battle of 2020 has not yet been lost by Mr Trump. So, it seems that he has a real chance of successfully challenging the alleged oddities with the ballots in the courts: as in Michigan when all of a sudden 128,000 votes for Biden appeared after one of the official counting updates, but for the same short period there were not even a single vote for Trump. This could be considered a clear reason to request the re-counting of all votes in this state. There was also a strange situation in Pennsylvania where Trump was leading 56% vs 42.5% by half a million voices before the very end of counting all in-person votes. Trump’s advantage in this situation may be seen as too large to overcome with mail-in ballots. However, the margin narrowed by European midday today to just 2.6%, but still in favour of Trump, and so far the sitting President also has a chance in Nevada, where 25% of the ballots have not yet been counted, and the difference is only 8,000 votes in favour of Biden. The gap in the key Wisconsin state is also only 20,000 votes, so the Trump team demanded a recount there. It may take a couple of weeks to figure out all these nuances. As for the U.S. market, mainly those companies whose position are doubted are growing in price. For a long time these have been big techs, with Google, Amazon and Apple as bright representatives, and retail chains or food and drink companies, which do not require their consumer to spend a lot of money. It's hard to expect that profits of companies like Coca-Cola or Walmart, Starbucks or McDonalds would critically depend on who is the President of the United States or even on the pandemic. The last thing that people of large cities and small towns of the world may save on, even in a tight economic situation, is a fast-food breakfast or a subscription to a channel with fairy tales and cartoons for their children like Disney. That's probably why shares of all the companies listed above added between one and two percent yesterday, and some of these companies have even grown more since the beginning of the week. For example, a battery car maker Tesla or shale oil companies and banks are potentially more dependable on the election results. In Germany, especially in the retail sector (+1.75% until noon), pharmaceuticals and healthcare sectors (+0.75%) plus financial services (+0.95% for the first two trading hours) led shares higher today. The technology sector (TecDAX index) climbed almost 2%, in addition to 2.49% on Wednesday's close. As for the French market, it would be worth a separate mention that CAC 40 futures price is already approaching its peak levels of mid-October despite more than 10% losses in price at the very end of the month which were caused by natural worries, as it all came after the rather strict orders by Palais de l'Elysee for the partial quarantine measures throughout the country. ArcelorMittal is also in European focus after the Luxembourg-headquartered company, which produces around 5% of the world's steel, beat the average Q3 2020 expectations for its financial results. After the spring lockdown lows, the steelmaker said its core profit fell 15% from a year earlier to $901 million, compared with an average forecast of $838 million in a company-compiled poll. CEO Lakshmi Mittal remarked that steel markets had recovered from "a very challenging second quarter", with particular improvements in profits in Brazil and its unit grouping South Africa, Kazakhstan and Ukraine.
TVC:SPX
by Frederico_FXAnalyst
DJI (8H) - still a bear marketI show why the DJI (Wall Street) is still a bear market - at this time (only). Expand the chart for a better view. There is what looks like a parallel channel heading south and two sharp ATR switches. Price moves around in the channel, breaks out and back in. Note also that what looks like a channel now, could change into some other formation. The market does as it likes. This formation is not predictive. It can give an idea of what to expect, from wherever you find price on your chosen time frame. Very unusual things can happen with channels. Some may have seen a recent fallout on the 2H time frame (which doesn't mean the same thing will happen on this time frame. ) Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FOREXCOM:US30
by Captain_Walker
It's not a bird. It's not a plane! It's a channel. Nobody really knows for sure why channels develop. There are loads of theories. I'm not interested. A channel is usually discovered late, obviously because the channel is evolving and then you see it. Unbelievable as it is, it is there. So what do you do. Well, I don't give advice. What I do is understand that there may be limited opportunity to exploit. I say limited because when late in the game, price can break up out of the channel or down out of the channel. That means that if price approaches either end of the channel, it is a critical time. All one can do is take the loss! It's called a stop loss. Channels also do strange things like break out and then go madly the other way. If everybody had a magic formula how to work them, everybody would be zillionaires. It ain' t happening! But there is still money to be made by following microtrends. That's where you follow small trends from 3 min to 15 min. These can take days to play out. For newcomers it's not a good idea to work blindly in a channel. Find other indicators to assist. Experience is also an important thing. As I always say blowing up 10 Tradingview paper trading accounts is far better than blowing up one live account. Get the safe experience almost totally for FREE!
FOREXCOM:US30Education
by Captain_Walker
AMD whats your next move?😩 Some times we are faced with difficult decisions in the trading/investing space and this comes from the psychology and emotion of the game. 🐻 I pride my self on being pretty emotionless when trading, in fact some times I can be pretty brutal when it comes to day trading shorter time frames. But I dont just trade and there is a big difference between trading and investing. 👨‍💼 I invest into other asset classes as a defensive play or a way to hedge into global markets and this comes from the saying "never put all your eggs into one basket" You see if all you did was trade the one asset and just keep accumulating and accumulating to the point the majority or all of your wealth is in the one asset, if anything where to happen like say...Apple closes the doors one day, the ethereum blockchain gets hacked, or the USD collapses, you will quickly see your hard earn disappear very very quickly. 🐻 So I have learnt over time to play other markets, industries and asset classes as a defensive move to protect my wealth. Precious metals and other commodities, foreign currencies, and even equity markets which can be broken down even more into multiple industries like pharmaceutical, banks, real estate, entertainment and payment systems. 🥰 Over the last 12 months I have been really enjoying the long term growth in the US markets playing on the New York Stock exchange, but today I'm faced with a dilemma .....and I feel like I'm breaking one of my rules. 🤓 A while ago now I jumped into AMD at $33, I'm sure you have all heard of them, they are a huge CPU/GPU manufacturer for computers and graphics cards, something that is mass produced and for ever evolving. Recently there competitor Nvidia came out with there new range of graphics cards and AMD took a small hit while there competitor shot up...How ever. Nvidia's launch was not the best and there has even been some issues with there new cards and bad reviews, and to hit back AMD now releasing details of there new Zen chips which look to blow Intel out of the water yet again. 😤 So we have some pretty bullish fundamentals, but here is the problem I'm faced with. The chart is cooked lol We are well and truly off the long term growth trend, we have had a parabolic run then accumulated with in a tight zone and now seem to be forming a flag pattern on the higher time frames. Technical's are telling me "be happy with your return, drop your bags and wait for another entry back on the long term trend". But I'm a massive AMD fan boy, I run there cpus in all my pc's and laptops, i even use there graphics cards and I feel like the new Zen chips could see some more spikes on the charts in coming months... 👉 This is why its important to separate emotion from the charts, it clouds your judgement, you doubt your self and often end up making poor decisions. The downside seems temporary and I'm confident on a return to the bullish trend which in tern will provide more steady growth long term. A rise from this flag will see us deviate further from the long term growth hinting the chance of a much larger correct to even pit us below the long term growth which can in some cases on a technical stand point indicate a down trend forming... what to do what to do?
NASDAQ:AMDLong
by DeNomics
2
The fall of U.S.Dollar and how to trade itWith unprecedented steps of QE, as issues by FED and the current U.S. administrative, it's obvious and expected that the consequences won't wait for long. Given the current situation in the world, I expect we'll witness rapid downfall at least till the summer 2021 which might sink by as much as 30%. On the background of upcoming Bitcoin and other cryptocurrencies rise which will top at the break of 2021/2022, this might lead us to revisit the future of centralised banking. Kenzo
INDEX:DXYShort
by KenzoYagai
Is the DJI (Wall Street) in trouble?Yep - it's beaten me. This is a very weird market where hope and greed rule. America is basically burning down with COVID, supply demand chains disrupted everywhere, no sign of a vaccine "momentarily" as we've been told - yet this market struggles north. Every drop of good news moves it further north. In the last few days we were told that the cure was found for COVID. No one dares to disagree. Hopes of 'herd immunity' are in there. This 8H time frame pump north in what appears to be a subtle rising contracting wedge, does not look confident to me. The instability in the picture creates a probability for the south (not a prediction) - and there is probability for the north as well. I'm not suggesting trading on this 8H time frame. Exploits are better on much lower time frames between 5 min to 15 min. But timing is everything. DON'T sleep! 😂 Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FOREXCOM:US30
by Captain_Walker
THE BIG PICTURE: Health is everything! Man and Money vs Virus! I think this chart will be of interest, in overlooking the big picture. I say what I see and it is largely about a health timebomb approaching. So I deal with some technical and hidden fundamental issues. Always say what you see on the charts! Remember TA is about sentiment - until reality catches up. 1 - A popped bubble. 2 - A reinflated bubble. 3 - A reinflated bubble struggling to remain inflated. 4 - Total daily cases of COVID continuing north. 5 - Total daily cases is rising above the area of struggle in the DJI. Note that the DJI represents sentiment in the top 30 major organisations - so it is important. I entirely accept that because total daily cases is summative, it is not a sound measure of the impact of the virus on health or control of the virus. But think deeply - yes these are fundamental issues - representing ' reality '. The total number of people infected means that a percentage of them will suffer lasting effects of the virus e.g. central nervous system problems, mental health disorders, clotting disorders, lung problems, heart problems and exacerbations of previous illnesses. This means there is a mounting economic burden that isn't quite realised by leaders. Why is biotechnology and services servicing those industries flourishing? Obvious - isn't it. Healthcare directed at fighting COVID has left lots of people with significantly reduced care for non-covid related conditions. What happens to those people? It can be expected that their health will deteriorate. I can't go into a whole list of medical conditions - but it's massive. There is only minor focus on the economic impact of that. Nations need 'health' for workforces to contribute well to 'the economy' and to service debt. Our leaders have focused on 'the economy' and preventing a major financial crash that was coming anyway. The virus was just the pinprick. There was in the UK recently a situation where health set against the economy. This was misguided simply because health is the economy. When people think of health they usually think of physical health. However, there is another ticking time bomb of mental health problems . Nobody knows exactly how big this is gonna be. If you thought people with physical health problems were neglected, then it is much bigger for those with new or pre-existing mental health problems. People who are mentally disabled but were managing with aids, adaptations and supervision aren't getting all that as they would have pre-covid. Is this likely to improve in the next 6 months? I don't think so. How can economies recover if they are beaten by seriously damaged physical and mental health of its workforces? Difficult one. Financial hardships are projected to get worse into Winter, in the northern hemisphere. That's not good for physical or mental health. I have little doubt that agents of the FED will pump this market north, and that Robinhoods will punch the air with the FED. However, you can't create a sound economy built on thin air. The bedrock of a sound economies are the health of people. If money printing would solve everything, then GDP and employment (of various types) would be irrelevant. Surely they aren't irrelevant. So - expect the unexpected, is what I'm saying. Near 100% retracements in the face of such fundamental issues has to be suspect. There could be a big 'drop' coming - so stay alert (no predictions today - only probabilities). Those hoping for Gold to rocket north may also have a surprise. Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FOREXCOM:US30Education
by Captain_Walker
US TECH: GAME OVER?Well, get your popcorn ready!! US Tech 100 is in a precarious position. This is another thing that rules the world! Price ducked below 11000 - which is considered important. Will it stay below? How would I know? 🤷‍♂️🤦‍♂️ At time of posting price is a 10920-ish. Does this mean the backs of the USTECH and NASDAQ are broken? Of course not. Expect permabulls to do their stuff. We need them - for the big money transfer- so they're much loved! 🤣 Price action on this on the 3 to 5 min time frame today was soooo exciting! LOL. Call me a nerd - it's fine. LOL. 😉😎 If you wanna see what's really happening you just gotta get dirty in the trenches! I'll be doing a video soon, showing how I look at price action in the indices, comparing the rule of Tech100 with other indices. Stock up on popcorn! 😂👳‍♂️ I don't do predictions - because I believe trend is more important than price . Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
WHSELFINVEST:USTECH100CFDEducation
by Captain_Walker