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EURUSD geared for a run south of 1.1300 Italy has until Tuesday to submit a revised budget draft to the EU. Italy-German yield spread looks set to rise in the EUR-negative manner as Italy is unlikely to revise lower its expansive budget deficit target. The EUR/USD is trading near 1.1325 after taking an early-Monday plunge into near-term lows as the broader market opens the new trading week with risk appetite notably skewed into the downside, and the 1.1300 major handle is going to be a key point of contention heading through the week.
Short
by reyrockstreet
BlackBerry going back to $9.50? BB is evolving in a parallel channel. We failed to break out of the upper limit even after a positive $0.15/share surprise on EPS and an increase of 126% in net income compared to last year's report. However, the announced high revenues coming from their new activities take longer than expected to yield a profit. That is why I believe market sentiment will not get substantially better in the short run. However, in the long run, BlakcBerry might perform well within the software and automated car industry.
NYSE:BBShort
by Tutur
3
Is that Amazon? Or BitcoinWhat's up guys, Young Shkreli in the building If you know me, you know that I believe the economy is in a bubble and with interest rates rising, the credit in the economy is going to be reduced meaning less demand and therefore lower prices for your stocks on average. AMZN is going to be hit hard when this bubble bursts. Don't get me wrong, Amazon is a great company. I just read a Steve Jobs autobio and it told me that the man had the willpower of a thousand men and was a creative genius. The fact that Amazon can be even close in market cap is amazing. Jeff Bezos should be very proud of himself because I personally believe that Amazon could become the first trillion dollar company in the future. That said, it has a pe ratio of about 150 (reduced from 300 in the last earnings report) and if you've read The Intelligent Investor and Security Analysis like I have, you know that we don't believe in buying companies above a ~20 pe ratio. I understand the philosophy of ignoring the pe ratio, but it has worked well for me and a lot of billionaire money managers (not that i'm a billionaire). It's funny when people talk about tech companies and say, "look YoungShkreli, these companies are worth more than their current assets or pe ratios, they have attributes that are transcendental." If you believe that, you will not do the best in the long run. Don't invest with emotion, invest with logic and cold numbers. That is how you will succeed. In looking at this FB dip, many will be thinking to buy it, but it too has a high pe ratio and does not have the current assets to back up its valuation. You COULD make money on these trades. But as an INVESTOR, it is not about what can happen, it is about what works in the long run and value investing will always work. I've diverted from AMZN a lot but not really, because all of these ideas are relevant. My father recently had about a $100,000 position in AMZN and I told him to sell at around 1840. I have skin and pride in this game as a result. SUMMARY: I don't believe in shorting stocks generally, but you could probably pull it off with AMZN. That said, I DO NOT BELIEVE YOU SHOULD SHORT AMZN (unless you are truly willing to take the risk) instead here's what I think: if you own AMZN, GET OUT NOW! Thanks bros, Young Shkreli PS: Look at this earnings report as a great chance to sell the news. People are going to think AMZN can only go up, but they are wrong.
NASDAQ:AMZNShort
by CantorTechnologies
3
EURUSDThe technical consolidation that has been ongoing throughout the past few weeks maintains a neutral outlook on EUR/USD. In the wake of the ECB last Thursday, there looked to be the prospect of some direction forming, but there was a degree of stabilisation with Friday’s mild positive candle and the sellers could not breakaway. Although there is a very slight negative bias, with the Stochastics having swung lower, there is still a consolidation within the converging trendlines, whilst the RSI remains in its 45/55 tight band of several weeks. The trendline support is at $1.1595 today whilst the reaction low to watch is $1.1570. The upper trendline is $1.1730, with key near term resistance at $1.1740/$1.1755. The market is awaiting a catalyst which may come from the major central banks this week, but for now we wait.
by UnknownUnicorn3290412
Litecoin real base price 505 USD, more important than any TAAs long as no human-intended sell-off takes place within an instrument, the TA is a useful tool. It can give us direction and show tendencies. Markets always tend to be led irrationally. This is true in both directions. However, the planned sell-off has already taken place and we only have to look at the fundamental values in order to invest successfully. To evaluate an asset class, a simple trendline is not enough. A trend line only shows us a price trend of the past. This is a speculation on future growth. An increasing trend line means the same case also increased attention. Much more important today is to recognize which fundamental growth our plant currently has and will have in the future. The plant must be economically viable, it must be open to new technologies and flexible. The price of a product is determined by its initials cost within a manufacturing process plus a necessary profit. Here, as well as the purchase of hardware but also their loss and depreciation, time or personnel expenses, marketing, sales, etc. must be included. This all makes the same case the base value, so the base price of a product. Additional surcharges are based on supply and demand, but never below the underlying. If companies around the world, regardless of their industry, were selling below the strike price, you would go bankrupt. The calculation basis is complex and would go beyond any scope here. The current price for Litecoin is many times lower than the real value of the base price. Also, you are small investors and pay attention to this every time you sell. Do not let the sell slogans on Twitter, social media or telegram channels mislead you. But act with reason.
BITFINEX:LTCUSDLong
by TheGoldenRider
9
Ripple - XRP: Locked and Loaded!Hello everyone. This market is looking so incredible I just had to post. If you're not adding to your XRP position, you seriously need to look at yourself in the mirror and ask yourself why not. Awesome descending wedge will force alot of people's hands in the coming weeks. BTC is consolidating nicely. Hopefully, we'll get another little riser, then a nice bounce back off of $6K This market sure looks a ton like 2014, so be ready for more downside. On 5-28 XRP had a nice bank off the 30 RSI in the .54¢ range, rolled up and over for the next two weeks, and now has rolled down and up gently with no sell pressure. The play right now is purely for accumulation. Buy a healthy position and hold for another good move to .90¢ or more, then set trailing stops after that on support and resistance levels as it moves up. At this price level I'm not worried about it going down any further. If it does, keep buying proportionally heavier to the downward movement within your budget. $1.00 here is really the key psychological level. Once $1.00 becomes support again, I think things will continue to heat up, especially if BTC moves up and finds support in the $12K to $13K range. If you want to really swing trade this, then get in now below .54¢ with a tight stop set at .50¢. But I think a swing trade right now could be tough with the traditional markets teetering, venturing into new territory on how a downward spiral might affect BTC. The thing with XRP is it's the crypto-asset with the most momentum right now, even though the price doesn't reflect it. SBI exchange with XRP as its main trading pair for up to 14m investors opening up middle of July, "bigger than Coinbase." Only 20K live-testing right now. Everything is switching over to it's production network 1.0.1, with major banks going live production Q3 & Q4 . Ruminations of XRP becoming the federal reserve standard by 2020. Codius, Xpring, and Coil. Hopefully, it will be classified as a security, making institutional investing in the near future much easier. Coinbase seeks SEC license and custody license??? All the banking and money transfer partnerships. And, the big dog... Ripple the company, NASDAQ IPO offering! A year? Two? Trust me, there's alot I'm not listing here. Amazon, anyone? And, if you got 55 minutes to spare, and you really want to know about XRP, check out Susie Crew, Esoteric Trading Solutions, on Youtube. Watch the one titled, $334. As XRP ramps up, I'll post sell stops in the future based on the technicals. I highly recommend NOT to hodl after $1.00. -- Get $ome!
BITFINEX:XRPUSDLong
by Get_Some
REMEMBER THIS! Very long term analysis fundamental and technicalBitcoin almost exclusively moves parabolically with higher highs and higher lows. The tops of each bubble are very hard to predict, but the lows are usually a little bit above the previous high. The 2013 bubble started from around 130$ with a top at around 1200$, then price fell to low of around 170$, the we had the peak of around 20,000$. It is likely that the price may eventually fall to sub-2000$ level then bottom out and start going up again. Bitcoin is still being used and is known by very few people, which gives it infinite upside potential. With such limited supply and relatively small sell pressure I sincerely believe that in the future, the price will reach enormous unthinkable levels. Its main long term demand driver(apart from speculation), is its store of value attributes. Uncensored, pseudonymous, INFLATION-PROOF(this alone is a huge price appreciation factor), very difficult to confiscate, easy to store large amounts of it, relatively cheap to transfer, immutable, very difficult to attack and more importantly very little incentive to attack. Everyone can profit from it. There is very little incentive to attack it right now. Fiat money aren't currently threatened because of price volatility in using bitcoin making it very risky for doing regular business, therefore making it bad as a currency(for now). With such a huge upside potential, it is not advised to spend bitcoin in any way. It is more seen as a commodity and a speculation vehicle for most, so it isn't a competitor for fiat in existing violently volatile market conditions. Banks and government officials(meaning some people working for governments - not the governments themselves) can profit hugely from this unregulated market. Government pumping BTC: www.coindesk.com October 22nd, 2015: Bitcoin price range: 268 -280$(BITFINEX). Bitcoin Price Range 13 days later November 4th, 2015: 367 - 504$(BITFINEX) Bankers manipulating the market: news.bitcoin.com These are just a few examples of how serious this 'game' is. I could include many examples like this if I include China and others. Risk safely, be patient, be brave and may God be with you!
BITFINEX:BTCUSDLong
by g0dfath3r
6
NEO - Possible Breakdown to $80 before rallyHow's it going fellow crypto heads! Today were going to take a rather quick look at NEO and a few of the technical aspects along with a quick snipit on the fundamentals on why I've remained bullish on the project for quite some time. Technicals Semi long term trend established april 6th, return to trend likely by May 5th Whether we break through the bottom of the current minor channel towards the ATH 23.6% retrace or not will be important to judging its path Convergence galore around may 5th (long term trend, cycle end, 38% ATH retrace) Break down to the lower support seems likely based on current path and the prior retrace that broke down out of the channel MACD, RSI, STOCHASTIC, and STOCHASTIC RSI totally bottomed Fundamentals I'm not going to bore the non crypto folks with the story of NEO and all that, but i must mention the smart contracts. Essentially the driving thing to me that keeps me so bullish on NEO is its presentation of an alternative and possibly more effective smart contract ecosystem than the current ethereum network allows for. For those unaware, as the smart contract system grows ETH faces continuous scaling issues, many of which NEO attempts to address. My take on the next week Likely break down to the $82-$80 range, at which point we'll hopefully see a bounce and consolidation to the $86-$88 range before rallying back into the prior trend channels. And for the cro-magnon when moon lambo-ers: just HODL, NEO is a solid project lol -------------------------------------------------------------------------- DISCLOSURE: This analysis is meant for educational purposes only. You trade at your own risk! Austin Doyle CTO
BITFINEX:NEOUSDLong
by UnknownUnicorn1613901
USDJPY PRICE ACTION SHORTWith the dollar gaining across the board on other majors USDJPY is bucking its head at this level of resistance. I started in short at 107.56 with a stop at 108.10 in anticipation seller supply will rule in the short term and take price back to the bottom of the range around 106.60's. Will add to winners as market confirms direction. The main struggle will be the 107 handle if we get there. Longer term i see this pair getting back to 110, but bulls seem to really be looking for a major catalyst to break this daily range. Happy Trading, StellarCraig
Short
by StellarCraig
Remember this projection!? Consolidation is over-it's an uptrendBTCUSD technical analysis as of April 13, 2018: As it is shown on the chart, the price of bitcoin is currently trading slightly below 8K USD and approaching a strong level of support at ~8.2K. As according to the assumption made earlier on March 25, 2018 - the price of bitcoin was expected to be traded in sideways consolidating between 8K and 9K - this projection was slightly above the actual range that occurred between March 26 and April 12, 2018 (in the last few days, bitcoin was traded in a range between 6.5K and 8K). As it was expected, a sharp move in the direction of the breakout occurred on April 12, 2018 surging from ~7K to ~8K within an hour. This ascending movement signals that consolidation is over and an uptrend has begun. It is assumed that after breaking ~8.2K level of support, the price of bitcoin will rise to ~12K in the following days with further upsurge to ~14K and ~17K in the following few weeks...
BITFINEX:BTCUSD
by Maxsec22
A ultimate short but where's the declineAt the moment of writing this article/idea our full net short position in gold,silver and mining stocks is well justified from the measurement of risk and reward Multiple of signals are pointing to lower prices in gold and silver as we discussed in our previous post but really nothing happened,well at this moment current price is way below than our entry point(1330) and we are in profit but that doesn't justify the decline we were expecting,so really what is happening,if we were supposing a big decline to happen but it didn't occur yet what does it mean for us? does it mean a bullish trend is coming in our way-a kind of invalidation? Big no,as you can see on the above chart,yesterday's low volume didn't really change anything,the thing which only happened is the decline is simply delayed by a day and it could be delayed even further,we are expecting a big volume tomorrow on fed meeting as it can precedes significant decline in precious metals sector,For predicting any sizable decline seems like a guess right now but from our experience we could see strong decline in metals in a volatile manner You may find it difficult to believe due to all the previous boring sessions in which really nothing happened,but as we started posting our articles/idea here there is one thing you should keep in mind,In our first 3 articles our bias was neutral in gold and silver then after we saw some potential we have given you a suggestion to short gold and silver including our group members and we make decent profits,after that we suggest for short term buying opportunity and t.p were reached then we took a pause and after some valid confirmation we again gave you a suggestion to short these metals in your portfolio and at this time prices are well below our entry price,IN short we want to address you that we have spend countless hours to deal in precious metals market but at the end we can only suggest you what to do,after that it's your own decission to go with it or not, ok let's get into charts and try to make an insensitive decision without getting attached to our current position, The first thing to note is the 2011-2013 decline and 2016 decline started with exact same manner,we also discussed the similarity in the case of euro in group when gold has formed it's tripple top and after that a small upswing also followed it In both of our cases gold declined in a drastic manner after the breakdown below the recent low,in the above chart you could clearly see that the 50% retracement in 2013 and 2016 is pattern at the middle ,the 0% is the bottom and 100% is at the top but what does it means for us? well it means a lot because the exact same thing gold has formed in previous days Do you remember how gold declined in early nov 2016 well we did,after going back and forth above 1300,gold finally broke below it and declined over 50 dollars in just a single day,are we going to witness the same? yes no doubt it may take it's time but after all history repeats and every time it repeats it make you learn something very valuable overall impication are very bearish at this time in gold,silver and mining stocks and a big decline is just around the corner,we will not write about silver again as our previous comments on silver and mining stocks is well up-to-date you can see it in our previous post, anyway we will keep you updated our positions-gold entry-1330 ,stop loss-1386 1st t.p-1280 our position-silver entry-16.700 stop loss-17.440 T.p-14.630
FX_IDC:XAUUSDShort
by NeerajPandey
Let's be clear. Nano/BTCHello, I'm back. Let's recapitulate the events in this wonderful world of cryptocoins: 1 - Bitcoin grew potentially 95% from 6 June until 20 February. At that moment every market was creating positive expectations, everyone was hopeful. It was exactly on February 20 that Nano showed in 3 days a booming growth of exactly 171%, everything seemed to be great. Behold, from 21 to 23, Bitcoin had a 17% pullback, just as the Nano reached its peak of 171% and the next day fixed 29% of its historic jump. 2 - From the 24th we can see loss of volume of purchase in both Bitcoin and Nano and when nobody wants to buy, the trend is the sale, despite the volatility the chart wanted to show us something, gave us a clue based on probability, both showed low trend geometric patterns. Nano promptly formed a pennant with drop projection to a tier of pricing that I sincerely hope I do not see. Dow Theory: The chart discounts everything, including the Binance hack, The Securities and Exchange Commission FUD. Bitcoin has finally formed an 'M' pattern with drop projection for the 6800USD as you can see on the chart: 3 - I warned in my last posts some fundamentals that stated that Bitcoin would grow significantly and then fall significantly.   In the meantime, regulators are poised to fill their pockets, after all US Treasury Secretary Steven Mnuchin in communion with heads of state from France and Germany will discuss exactly that in the face of the top 20 economic powers in the world. To a lot of libertarians, this is an ideological insult. For players it's just one more way to take advantage of the time to make money. The administrator of MT Gox has sold half a billion bitcoin cash and bitcoin between December 2017 and February 2018 to pay the creditors. He sold the first batch of 6k bitcoins on December 22, sending the price to almost $ 10,000 which later settled to $ 16,000. So he expected the market to recover to sell another batch of bitcoins, 8k on Jan. 17. What again produced the same effect, a crash hit the price of bitcoin. Kobayashi then makes another sale on January 31, this time for about 6k bitcoins. The vast majority of bitcoins were sold on February 6, which implies that they actually tried to stop the market by selling in the background. Total value of BTC sold are 43 billion JPY ($ 405 million). This leads me to believe that they sold enough BTC to pay the debt to the creditors and will not sell more BTC soon (they have not sold anything for more than a month). Today is Blockchain Africa Conference 2018 and cryptocoins are increasingly cheaper. While Nano continues in accumulation, chart information only shows us the trend channel, the respective targets that will be gradually reached as Bitcoin moves. I have no interest in operating under these conditions. Thank you for your time
NShort
by LuanCeli
2
Dollar Rally Isn't On...YetLast week's tariff announcement put a damper on the most recent Dollar rally. Currently facing areas of significant resistance, beginning this weeks trading with a gap down. I'm tentatively Bullish, only because the fundamentals sort of support it, however, the technicals which matter are still strongly support a Bearish dollar. We will have to wait and see for how long within the next couple of weeks. Much will depend on the movement of the EURO. If it continues to weaken then we should see a strong push up on the Dollar.
TVC:DXY
by jrashaadtrades