BB
Asynchronous BB Timeframe Indicator - BTCUSDTThis indicator allows you to draw Bollinger bands using higher timeframes.
Note: The timer of your Bollinger Bands must be a multiple of the current chart of the chart.
For example: If your chart is 4 h and you set the sync value to 3, the Bollinger Bands will be drawn with a 12H time frame. 3 * 4H = 12
If the sync is equal to 1, normal Bollinger bands are drawn and will be no different from the normal Bollinger band.
Using this indicator may be appropriate for fractal perspectives.
Indicator name: Asynchronous Bollinger bands - Async BB
BBBlackBerry (NYSE:BB) is a stock I wrote about recently as one to watch for a potential reversal as one that has been on my bottom scan. Friday that reversal came to fruition to the tune of an 10.75% gain for the stock. Momentum indicators are looking bullish, with MACD crossing abv the signal line and the RSI breaching 50 and presently lies at 54.76. Watch for continuation next week.
AMCI won’t bore y’all with the fundamentals that are the foundation of my bullish case, but, as you know, I’ve been cheering these social media stocks on. I have multiple positions in AMC. I added more at the predictable dip at 11am today.
My question to y’all. What do we close at today? My personal opinion is that it is going to be a very exciting PH (power hour).
My guess. 14$ eod :).
-for the sake of all my contracts expiring Friday. No worries. I got plenty o’ shares.
Goldman Restarts Cryptocurrency Trading DeskThis is copyright, but hopefully they don't care (pretty sure they don't). I'm a rabid hoarder when it comes to key stock market facts, and zh is the best I've found..
"2018 was not a good year for bitcoin, and for cryptos in general: after hitting an all time high in December of 2017, much of the remainder of 2018 was spent with the crypto bubble deflating, with early crypto investors first casually than fervently taking profits and dragging the price of cryptos ever lower. The punchline came in September, when as we reported at the time Goldman - clearly disappointed with the lack of upside momentum - suspended its fledgling crypto trading desk plans...
Well, fast forward a little over two years forward when following the 7-fold increase in the price of bitcoin since Goldman's cowardly exit, the bank - which has lost some of its top executives in recent weeks - has made a less than triumphant return and according to Reuters, has restarted its cryptocurrency trading desk and will begin dealing bitcoin futures and non-deliverable forwards for clients from next week.
As before, the team will sit within the U.S. bank’s Global Markets division, the Reuters source said, which means that while Goldman is putting on one trade for its prop traders, it will be using its flow desk to have clients to the opposite.
The desk is part of Goldman’s activities within the fast-growing digital assets sector, which also includes projects involving blockchain technology and central bank digital currencies, the person said.
Reuters adds that as part of this renewed bitcoin trading effort, the bank is also exploring the potential for a bitcoin exchange traded fund and has issued a request for information to explore digital asset custody. The trading desk reboot comes amid growing interest by institutions in bitcoin, which has exploded more than 470% over the past year, outperforming any asset class pitched by Goldman's research desk.
Of course, the real reason why Goldman is interested in getting back to bitcoin is due to its wild volatility, which while painful for holders is extremely valuable for prop traders, and makes both the underlying token and related derivatives attractive for investors willing to take riskier long or short positions as they hunt for yield in a record-low interest rate environment.
As Reuters reminds us, since the first unsuccessful attempt by Goldman to launch a trading desk in 2018, market infrastructure for bitcoin and other large cryptocurrencies has significantly matured, with many established financial institutions offering products and services, including CME Group Inc, Intercontinental Exchange Inc and Fidelity. The developments have helped to attract more mainstream companies to the sector, ranging from those offering crypto services to retail or institutional investors, to companies opting to hold bitcoin on their balance sheets
Last month, Tesla said it had bought $1.5 billion worth of bitcoin, while Bank of New York Mellon Corp said it had formed a new unit to help clients hold and transfer digital assets.
Then, on Monday morning, hedge-fund billionaire Dan Loeb took to Twitter to share his thoughts on the subject. “I’ve been doing a deep dive into crypto lately,” he said. “It is a real test of being intellectually open to new and controversial ideas.”
Loeb’s comments were in response to a blog post titled “NFTs and a Thousand True Fans” by Chris Dixon, a general partner at the venture-capital firm Andreessen Horowitz. In Dixon’s post, he expounds upon the role that non-fungible tokens will have on digital creators.
Meanwhile, crypto continued to win over the world’s biggest financial institutions. As reported earlier, Citigroup laid out a case for Bitcoin to play a bigger role in the global financial system, saying it could become “the currency of choice for international trade” in the years ahead.
Bitcoin was 8.4% at just over $49,000 on Monday, despite the latest attempt by the NY Attorney General to spark a selloff: New York’s top law enforcement officer issued a scathing statement on the market and warned consumers about its susceptibility to “speculative bubbles” and abuse by criminals. “Cryptocurrencies are high-risk, unstable investments that could result in devastating losses just as quickly as they can provide gains,” Attorney General Letitia James said Monday in an investor alert.
Well, of course they are, and it's because of their massive risk that they provide just as massive returns, something which has not been lost on all those who held on to the token for the past several years and are now extremely rich thanks to it."
BBIn order to stage a bullish trend reversal, BlackBerry (NYSE:BB) needs to break and close above the 12. Short-term daily technical indicators are improving and the MACD on the H4 chart recently produced a new buy signal last week. If the stock can break Friday’s high of $10.82, we should see a strong follow through move. BB will move very quickly, so keep a very close eye on the stock next week. Stock has a strong support around the 9.69 area.
Purchasing BB Puts with 12 Mar expI expect price to break through previous support after being rejected at the current resistance. It's possible that price will move to $7.78 and $7.34 within the next 2 weeks.
Therefore, I purchased 12 MAR 21 8 PUTs. I plan to sell these contracts at market value, if they make it to speculated price level.
NOK: Signs of Life? 1st Target $4.5NOK is showing signs of life, with good buy volumes. Cheapness aside and 5G growth, my view is NOK is a prime target for all the SPAC money out there to take it out. It's a real business with real cash flow. And at a ridiculously cheap valuation, mainly because we are in a market, fashionable stocks take in most of the money flow.
$4.5 could be easily achieved, then consolidate and target $5, 6, and $7 gradually as it does have a large float, not so easy to move.
RED ALERT - SLEEPING GIANT - Big Tech - $BB $BB.CA BlackberryUpdate to Feb. 6 Idea. Now I am watching this more closely, and will be playing this with options.
I was first interested by this ticker around Jan.18, when I first traded it based on the BANG stocks momentum and technicals.. but as I observed and gathered more info, the big picture became more clear to me.
Speculation:
- At the start of new bubbles, CapEx juniors and smallcaps get filled very quickly. If we make a comparison to precious metals miners... this company is a first wave major, not a second wave junior.
- The BANG hype provided this company with all the capital they needed.
- Inst. ownership is only 56.60%, shares float is 555.30M... fairly easy to manipulate with high float.
- Other high growth companies that institutes are betting on, such as PSTG or AMBA have 90%+ inst. ownership.
- I noticed that major players like JPM, MS, WFC, Citi, Two Sigma, Cohen's Point72, Jane Street were increasing stake substantially last quarter. Of course, Citadel has a large options position as well.
- What if this short attacking was for the big players to accumulate, and shake out retail?
- I suspect that Citadel is playing MM for JPM, Citi and Point72, just from past experiences.
FA:
- Mcap: 6.75B. SEVERELY undervalued compared to AMZN.
- Baidu partnership, I think Baidu is the future king of tech.
- Huge PR and production push.
Key products:
- QNX: embedded OS with a security focus.
- IVY: cloud platform for vehicles (think EV and space market).
- AtHoc and SecuSUITE: secure communication system. Governments are still using Zoom and Teams, we need better.
- When you look at an old company, evidence that they can survive hard times and failure, and come back from it is one of the best indicators there are for long term success.
Verdict: This is a future Canadian Titan, along with Shopify. You must buy. 50B valuation at the minimum.
TA:
- 0.236 Fib level of wave 3 and 4H 50 EMA acting as support.
- MACD turning bullish on 4H timeframe, looks to be converging on 1D, and is diverging on 1M... VERY bullish.
- 30min timeframe resistance broke out:
- Volume fading on the downtrend, picking up on the breakout.
- 2x Morning Star reversals gives me high confidence in bullish trend.
- I already have a long position, but will be adding ASAP.
QA:
- Skew turning bullish.
- I chart my subwaves in accordance with OpEx nowadays. That's simply the game now, get used to it.
- The short interest is not high, but make no mistake, that's because the MM is selling with the high float, and putting up put walls. Bulls want to break the call wall and trigger gamma squeezing if they want to break out... Else just play the OpEx. Gamma hedging evidence will be in comments. This is going up, but we are playing against Citadel and co. Not easy.
- There is a bearish scenario: 270k Open Interest on 2/19 options with a max pain of 11.50. Safe bet would be to let 2/19 options expire before entry. This could create a bullish double bottom.
- However, there is a fairly decent gamma ramp for 12, 13, 14, 15, and if 15 is cleared, up to 20 would be smooth sailing for next week.
Strategy:
- Have capital ready for a double bottom test at 11.50
- TP1: 24
- TP2: 30.66
- Wave 5 PT: 42
- SL: 6.39 (Let's not make the SL too obvious on highly manipulated stocks... Stop loss hunting exists)
- RRR: 2.75
- Timeframe: 42 days
- Remember to take profits on the way up... volatile stocks will test supports on the way up!
Blackberry to the moon!
AMCWhat a shitty day across the board. SNDl hurts too. With that said. I’m still here with All my positions. AMC... idk what to say anymore I bought the 5.5 2/19 C for 60$ close to close.
But I’m fine with losing 60$ if it comes to it
Why, you ask? This must rampant market speculation. And it is... but, something interesting developed on the daily.
For my TA professors, correct me if I’m wrong, but It looks like we just finished printing a triple inside day.
If that’s what it is, this could possibly mean it’s gearing up for a large move. The fact the last 2 daily’s are slightly bullish is hopeful. But at this point I would be surprised by nothing. G/l all
GTC - The Unsung Hero of Trading Tools!This is a video of how one might have used GTC limit orders to avoid the stress and potential heartbreak of trading halts, platform or exchange slowdowns of just plain stuck in a meeting when your stock took off for it's temporary ride into the stratosphere during the recent short squeeze frenzy.