DeFi Index (COMP, KNC, LEND, MKR, KAVA, LRC, REN, REP, BNT, SNX)DeFi coins is hyping around crypto and here is TA for them.
On FTX we can see the DeFi Index based on charts of COMP, KNC, LEND, MKR, KAVA, LRC, REN, REP, BNT, SNX and ZRX (each coin is weighted equally). It can be traded at FTX with up to 100x leverage.
So on the price i marked all triangle shapes and found Giant Wedge
It already breaking out from it and possible will make sideways inside the triangle. Best way to avoid trading here and try to fix position in the Sell Zone. Or wait for the buy opportunity in the Support zone.
Thanks for your attention,
stay tuned
This is Artem Crypto
COMP
Nasdaq COMP Fortnite Economy - What Boomers Don't UnderstandFirst, I just wanted to say the Baby Boomer generation endured many hardships and I am beyond grateful for their sacrifices, especially since I'm a child of a Vietnam Vet who battled PTSD until his last days. I'm dedicating this post to them.
Even as a GEN-Xer, I too have a hard time understanding the millennial generation and their interests, but I think it's incredibly important that we understand them so we don't form a bias that is not aligned with reality or the trend.
For the life of me, I could not understand why billions upon billions of dollars are spent on a digital goods, with the extremes (as I see) being completely optional Fortnite skins that simply change the way your character looks within a video game and provide absolutely no in-game advantage. I couldn't imagine a bigger waste of money at $20 a skin. If I could understand this, I might have a shot at understanding this generation's interest in intangible goods. I simply don't want to be left behind and I needed help breaking my strong bias.
So I created a Fornite account a few years ago (Season 5). Today I own over 30 skins, and yes, I have a hard time admitting this, since skins are purely optional and not required to play the game. To an outsider, I'm part of the problem with the millennial generation, and I'm not even a millennial.
So what did I learn that I did not understand before? Overtime, as I played Fortnite, I became incredibly immersed in the game play. In my opinion, they have the most advanced game engine (Unreal Engine 4) which means animations of the characters are extremely fluid and life like, and this is the keyword here, life like .
As I continued to play, I noticed I became emotionally stimulated by events that happened in-game, and I made friends along the way. Basically, this became a way to experience a life that was not mine, not tied to anything based in reality, and it's merely a glimpse of what's to come in the future. In other words, an extremely convenient way for my mind to escape reality without having to dish out money for a vacation or medication/stimulants that many would take to get similar effects. Beyond that, my kids love the game and I bond with them every time we play, in-game, they see me as their peer and I also feel like their peer.
When looking at it from this perspective, $20 to further express myself within a game and give me a more immersed experience is relatively cheap and convenient when compared to alternatives. Any time during the day when I just want to get away and not have a single thought about anything happening in my real life, this works perfectly. As a side note, as traders, we know how important it is to take a break from the market and completely focus on something else other than the market, allowing us to come back to the charts with an relaxed mind and perhaps a new perspective.
I realize this is a rather odd post, especially for Tradingview, but I thought my experience may be helpful to some who struggle to see the value in intangible digital goods which are quickly becoming (or have already been) the main or growing source of revenue for many tech companies.
Please like or subscribe if this has helped you in any way :) This will encourage me to take the time to create similar posts.
10-Year Treasuries Near Support | #TNX $XAU $XAG $COMP #ForexFriends,
This past April 15, 2014, I offered a relatively imminent value where the benchmark 10-Year treasuries would possibly reverse and start a new upward trajectory.
In this new chart, I would like to offer mitigating views from Fibonacci values, Elliott Wave counts, and an predictive analysis, each standing in contrast to one another, and offering lower values than the one imminent support defined this past April 15th, here: "$TNX: Early BULLISH Reversal Signal ... Confirmation pending" -
I decided to do this to offer the different types of traders (pattern, Elliott Waves, Fibonacci and occult geometrist) an array of technical angles, all calling for a relatively narrow support and potential reversal.
Please, refer to the chart for the overall technical commentary, under "Tech-Note". Also, in the link beneath the chart, feel free to review recent analysis for Gold, Silver, DOW Composite.
Thank you for your supportive readership and friendly referrals.
Cheers,
David Alcindor
Predictive Analysis & Forecasting
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Get my signals, forecasts and analyses via Twitter.
- Alias: @4xForecaster
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$COMP | Another 275 Weeks Of Ramped Up Rally Ending Next Month?Friends,
Following a dead-on hit target @ 5786.81 defined last October 30th 2013 (see links below), we evaluated each impulses that preceded the recent two historical major market retracement - Following are (circa) dates, impulse lengths in weeks and percentage retracements:
1 - NOV 1994 to FEB 2000 / Approx. 275 weeks / 61.8% retrac.
and
2 - MAR 2003 to JUN 2008 / Approx. 278 weeks / 93.5% retrac.
As the current Fed-engorged impulse nears that 275-day moment, question is whether this period has any significance, and whether it is about to repeat itself into another significant decline.
Historical bursting-bubble analyst have already project significant abysmal retracement projections, one most notorious is Mr. Harry S. Dent, Jr, author of several demographic based predictions that occurred with quite impressive precision outcomes. In essence, he believe that all bubbles burst, and all bubbles revert to an initial growth trendline from which the bubble was born - In the chart, the trendline is arguably drawn in yellow, although a gentle trendline might also act as a supportive target. In such case, we would be seeing DOW Composite values between 2425 to 2800, if his theory turns out to be true.
In any case, the main interest here is to merely highlight what remains to be proven, which is a 175 to 178 week cycle of ramped up prices, followed by a major depressive decline that historically retraced over 2/3 of historical gains.
Then again, the market (Fed, really) may have resources that could far surpass the time any single counter-trend investor may be willing to endure, especially in such artificial market.
Worth keeping in mind, though.
David Alcindor
Predictive Analysis & Forecasting
PS: Following are links to:
1 - Original $COMP forecast:
-
2 - Successful Target Hit:
-
3 - Additional 275-Week chart comment:
-
www.tradingview.com
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Follow my analysis, forecasts and signals on Twitter.
- Alias: @4xForecaster
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DOW Composite - Target Hit Dead-On | $COMP #forex $USD $JPYFriends,
About 5 months ago (October 30th, 2013), I offered a moderate probability target at 5786.81. As of this this month, target got hit dead-on.
- Here:
More recently, I added a lesser probability target, based on momental line/channel supports and predictive analysis result.
- Here:
Now that the market has rolled down from the primary target, there is serious concern as to its ability to persevere to the higher, last target.
OVERALL:
Once sufficient data comes in, I will provide the result of any bearish target. For the time being, some unwinding needs to take place, as I expect a consolidation period would occur at these significant levels. For these reasons, I will switch the directional indicator from LONG to NEUTRAL. My own directional bias is neutral to bearish, based on fundamental and technical concerns discussed relative to the US Dollar index and the risk-related USDJPY:
- USDollar Index:
- USDJPY:
CHeers,
David Alcindor
Predictive Analysis and Forecasting
Get my signals, analyses and forecasts on Twitter:
(Alias: @4xForecaster)
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Disclaimer:
- All my comments are founded on unshared proprietary as well as common knowledge of technical analysis: Do your own due diligence before trading any market/asset. Additionally, my signals, forecasts, analyses and directional opinions are for educational purposes only and are not trading recommendations. Again, do your own due diligence first, then seek financial advice from a licensed professional, and only then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster