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BITCOIN and China stock market go hand in hand despite the bans!I see a lot of interest on my Bitcoin vs U.S. indices fractals and that motivated to make more seemingly 'odd' comparisons that end up to interesting findings. One such interesting finding is the comparison of Bitcoin (orange trend-line) to the Shanghai Stock Exchange (black trend-line). Everyone in the crypto world knows how strongly the Chinese government has been battling Bitcoin mining and transactions. Last year alone (2021) we had two such events with the May one being the most severe causing a price correction of more than -50%. Despite the bans, this chart shows the remarkable correlation of BTC with the Chinese stock market! To get a better understanding of how closely correlated they have been since late 2017, I've plotted also the S&P500 index (light grey), on very low opacity though so that it doesn't spoil the main comparison of this study. Especially their correlation throughout 2021 is astounding as both BTC and Shanghai have been trading within a wide range, while the S&P was making High after High. So the question is obvious. Why despite all of China's hostility and legal actions against BTCUSD, it is so correlated to their stock exchange? I am very curious to read your thoughts. Let's make a heated discussion in the comments section down below! Feel free to share your work! -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BITSTAMP:BTCUSD
by TradingShot
39
$XAUUSD the big move is near*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management Nerves are high whenever we look at this bad boy. If this move is as big as we think it's going to be people are about to make a lot of money. People are also about to lose a lot of money. Some people on my team are speculating that you should go long here, others are neutral. Nobody on our team is bearish on this call. A gold mining company called Harmony Gold $HMY is where some of us have parked a little cash in case this is bullish. If you want to see more, please like and follow us @SimplyShowMeTheMoney
OANDA:XAUUSD
by SimplyShowMeTheMoney
WNW from $160 to $2.09Wunong Net Technology Company Limited Changed its name to Meiwu Technology Company Limited Xinliang Zhang, CEO of the Company: “The Company’s new name better reflects the Company’s international business line beyond its Wunong Net business as a global high-tech internet trading platform with a global commodity chain and the comprehensive services such as online consultation, display, sales and after-sales services. We are excited about our development in this new chapter.” This is a speculative buy.
NASDAQ:WNWLong
by TopgOptions
4
BRQS 5G Automobile and EV Smart Cockpit Market playBorqs Technologies is a global provider of 5G wireless solutions, Internet of Things (IoT) solutions, and innovative clean energy with operations in the United States, India and China. Borqs Technologies has entered into a five year Strategic Cooperation Agreement with Cheyin Intelligent Technologies, an intelligent vehicle solutions provider for automobile OEMs, to develop manufacturing of In-Vehicle-Infotainment systems, intelligent cockpit systems and intelligent assisted driving systems. Depending on the development, this stock can go to $1.9 i think.
BLong
by TopgOptions
1
Xiaomi bottomed - We are heading towards new All-time highs!Hey Investor, please see my current idea on the Xiaomi stock, where my count suggests a possible bottom for a trend reversal in order to make new highs. This is calculated based on my Elliot Waves Count by the fact, that wave C has the same length as wave a. I have checked the inner structure of wave C in order to check the inner structure of this wave. Based on this knowledge I am very confident that we might have our bottom here. Let me know what you think. This is no financial advice, just my technical view. RT
HKEX:1810
by RT_Trading_
1
Set Alerts for these linesThe art of catching a fallen knife takes lots of patience. The best time to buy a falling stock is when it starts reversing, and for that you need to have at least 2 confirmation levels for NIO to break. Before buying in NIO, you would need it to break the resistance trend line CONFIRMATION 1. Then for a strong trend reversal confirmation you need NIO to break the resistance line CONFIRMATION 2. Draw these 2 lines and set alerts for them. Let the trade come to you, don't chase the trade!
NYSE:NIO
by MoonBets
6
Hello Group lost big support levelThis stock has been slashed over this year. It has lost an important support level and it's following the same trend as other companies such as Robinhood, Bumble, Victoria's Secret, Vimeo or Deliveroo + the Chinese Crisis. We expect someday a trend reversal, so for now we recommend to place price alerts. Key level, the weekly resistance line (at $12 per share - a good one for selling-short). Moreover, it's not a bad entry for swing traders with stop loss on last lows, as a bullish divergence on the daily chart is almost complete.
NASDAQ:MOMO
by alvaromroo
1
GXC still BEarishWeekly GXC chart looks bearish with technicals and candlestick ending with a sandwich like stack with a lower low and lower close. The downside support target appears to be quite a way off, about 10% down from current. Daily chart (right) is at a previously marked Buy Zone, but MACD is pushing down more. Price now has a gap resistance to close. Let's see if it can work that out. Meanwhile, very obvious that a lower low is indicating more momentum to downside than not. I like GXC... but seems that it is not yet.
AMEX:GXC
by Auguraltrader
NIO Day 2021: Here's Everything You Need to KnowThe new vehicle targets Model 3. NIO held NIO Day 2021, its most important annual event, today in Shanghai's neighboring city of Suzhou to unveil the company's future plans and the highly anticipated new sedan, the ET5. The following is a live text update from CnEVPost based on content obtained at the event. William Li, founder, chairman and CEO of NIO, began by unveiling the company's plans for global expansion, saying NIO will enter Germany, the Netherlands, Sweden and Denmark next year. The company has already entered Norway, NIO's first stop in overseas markets, and opened its first overseas NIO House in Oslo in October. NIO aims to serve users in more than 25 countries and regions worldwide by 2025, Li said. NIO plans to have more than 1,300 battery swap stations, more than 6,000 supercharging piles and more than 10,000 destination charging piles in China by the end of 2022. NIO has provided more than 5.5 million battery swap services to customers, an average of 20,000 services per day. NIO announced the launch of Clean Parks, an ecological co-building program, and will invest CNY 100 million over the next three years to support the use of electric vehicles and the construction of clean energy infrastructure in nature reserves around the world. NIO's flagship sedan, the ET7, which has over 20 new features and enhancements in production, will begin locking in orders on January 20, with deliveries starting on March 28. The company's new mid-size sedan, the NIO ET5, was officially announced, featuring NIO's supercar DNA and a concept designed for autonomous driving. The length, width and height of the NIO ET5 are 4,790, 1,960 and 1,499 mm respectively, with a wheelbase of 2,888 mm. The ET5 is NIO's first model with an all-glass roof and is available in up to nine body colors. It is equipped with the same LiDAR configuration as the NIO ET7, with the component placed on the roof. The ET5 comes standard with NIO's super sensing system Aquila, as well as the super computing platform ADAM and frameless electric suction doors. NIO's latest autonomous driving technology, NAD (NIO Autonomous Driving), will also be available on the ET5. The full functionality of NAD will be available in a monthly subscription model, ADaaS (AD as a Service), with a service fee of CNY 680 per month, which will be provided gradually upon completion of development and validation. The interior of ET5 is similar to that of NIO ET7, providing an instrument screen as well as a central control screen. The lighting effects inside the car can follow the rhythm of the sounds. The ET5 will be equipped with AR/VR technology, and NIO has developed exclusive AR glasses with Nreal, an AR manufacturer invested by NIO Capital, which can project a 6-meter vision distance. NIO has also developed NIO VR glasses, the world's first automotive-specific high-performance VR device, in collaboration with NOLO, a VR technology company invested by NIO Capital. The ET5 uses a dual-motor intelligent four-wheel drive system with a 0-100 km/h acceleration time of 4.3 seconds and a braking distance of 33.9 meters from 100 km/h to zero. The ET5 with a 75kWh standard range battery pack has a CLTC range of over 550km. The ET5 with the 100kWh long range battery pack has a range of over 700km. The ET5 with the 150kWh extra-long range battery pack has a range4 of over 1,000km. The ET5 with the 75kWh battery pack is priced at CNY 328,000 before subsidies and CNY 386,000 for the 100kWh battery pack version. Consumers who use NIO's battery rental service BaaS will see the pre-subsidy price of the ET5 with the 75kWh pack reduced by CNY 70,000 to CNY 258,000, with a monthly battery rental fee of CNY 980. Under BaaS, the pre-subsidy price of ET5 with 100 kWh battery pack will be reduced by CNY 128,000 to CNY 258,000, and the monthly battery rental fee will be CNY 1,480. The NIO ET5 is available for pre-order now and will open for delivery in September 2022. This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
NYSE:NIO
by EqualOcean