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Will WAX do better vs BTC?Hey guys, welcome to my ALTs analysis (This time I was asked to analyse WAX - 19/05/20): • Fundamentals/sentimental: - Basically what this project is about is to create a main digital exchange for virtual assets, in a decentralized environment - wax.io buy, sell, trade virtual items under 1 platform (Also physical items, but I think this isn’t what really sells the project, as their main focus is basically exchange for the gaming centralized stores according to their advertisement subjects). - Cons: 1. Their White paper was change changed a few times due to different difficulties. And also outdated in many ways like talking about this crazy adaptation for Libta, and others - github.com 2. Their exchange which is in beta, doesn’t really have much to show but except for the new partnership with Topps (physical cards and stickers seller as collectables for brands like Disney, Marvel, Starwars… - www.topps.com) for online collectors (For now only ‘garbage pail kids trading cards - toppsgpk.io) which doesn’t seem to impress me (Why we need it? there is no real sentimental value to this, but who knows, maybe I’m too old for this and the young/next generation kids will grow up with value towards it), and also it looks like their OPSkins project (Before Topps) has died out (0 involvement on Github, and unsatisfied customers occasionally asking them to return them their money about it) 3. Their Youtube channel, I went through some of their vids and promotions, and many links which the provide are un-accessible. 4. They say they try to compete against Steam and other centralized stores, but as for today I just don’t see a possible future for them on that ground, not until we see real big contracts with huge traffic from big names who are willing to try out their system, or at-least some pro gaming indies which are willing support decentralization and willing to use their services. the gaming industry is well too comfortable with their environment, and afraid of changes, but as a fellow gamer I personally would like to see that change one day, so for now the only real thing that drives the price are speculations, and no real use case. 5. They have a staking (as it helps to reserve system resources – cpu, network, and ram allocation to meet the needs of the developers) reward system, which is important, but to me if they won’t show some real use case, these rewards just won’t do, because who needs yet another voting system coin out there (There are way too many)?, and since people mostly holding it for the rewards then there is no real value for these rewards in 2 years… Xd.. - Pros: 1. They keep on trying really hard to show new things coming in, and they always try to get up despite the downfalls and the obstacles on the way. 2. They are actively trying to socialize and show new road maps (like the last one: medium.com) and exciting things coming. 3. Their beta is working, now what they need is actual partnership of gaming industries to build stores on top of their blockchain. They passed the first step with Topps, and prove it works, now I don’t now if there will be real demand for such things online, but their next step is to really sign a first working store on a real game (Or at-least have a partnership with upcoming game) from indies (Who are having hard times with the big centralized platforms)… _________________________________________ • TA: - In overall the big term is pretty bearish, but we are grinding the same area for long while between the strong S/R and the bottom, should we go above it there are many resistances on the way (The cloud and then to create a higher high trend) We user the weekly s10 and the last higher bottom as support which is good!. Should we break above 0.0355 (Above the weekly e21), it most likely will spike up (Especially if BTC will slowly go down or consolidates), and such momentum can grind the weekly cloud inside it with a mid-term bullish pattern (with golden cross confirmation between the weekly e21 and the s10) until tested out to create a bigger higher high, going above it means we are extremely bullish again on this project on the bigger picture as well… - The 4h is forming a nice trend line, should we go below it then the bearish trend continues (Especially if BTC crushes fast or starts it own bull run and exhaust ALTs even more for a long while..) but should we continue with it, then the 4h cloud, and the 4h e21+s10 will give it a nice boost to break this ascending triangle, and if we retest it then this will confirm a nice bullish small-term trend: - If the 4h closes with tiny bullish trend it will give a boost to the mid-term bullish trend to close above daily e50 (brown line), and grind the daily cloud until we see either rejection or a golden cross between the s10 (blue line) and the e50, this will cause us going in the cloud with even stronger mid-term bullish trend, if we continue the trend line then we should break above the daily cloud and the daily e200 (pink line), - Conclusion: There are many “Ifs” here, because we don’t really yet have a bullish momentum (Despite the bullish trend line) on smaller TF (4h) and bigger TF (weekly)… but we do have a momentum on the daily, which means if the smaller TF turn into momentum as well, this will trigger the mid-term to be bullish as well, remember, the trend is your friend, we have a potential here to make a lot of profits between the dips (on swings) if the small term push it up. Now while BTC isn’t doing drastic move is the time for the coin to shine. If I were to decide to enter a position here, I would try longing it vs with an SL behind the last dip candle on the trend (which is also on the weekly last bottom being used as support) at around 0.0297. _________________________________________ • Overall: FA speculation should help to move this coin against BTC falls and bring it to its top 100 potential. Sentimental kicking in, and this project is practically only at the beginning. Every good news should push sentimental to help the TA. TA shows positive daily higher trend, if the small term continues the bullish trend line too then the daily should make a new bullish mid-term trend I like the project idea, hopefully to see more of it. I wouldn’t sit on it for more then 2 years if it doesn’t show strong gaming real life case proof. but I also don't expect it to be top 20, it should be around top 100-50 at-least (Especially if more things are coming very soon)
WLong
by Hedgehog_king
2
BTC Short term I'm interested in seeing how BTC will handle this economic stress test along with excessive expansion of the money supply . Now hear me out... I'm a die hard BULL in the long term but I see BTC getting sold off given the economic circumstances. I'm holding my digital tokens for the future as an investor but as a trader im trying to catch investors liquidating their positions due to tough circumstances. Short option-sell to 6688.25 then a small bounce to upside then a continuation to the down side - Let me know what you guys think!! O.O
COINBASE:BTCUSDShort
by Olutobi-Ogunsemore
SPY In-Depth Fundamental and Technical Analysis This is simply an analysis, not an invitation to go short or long, please do your own research As you can see besides the technical analysis indicating a possible fall for SPY, we have also many fundamentals which pushes me to say that there is a decent probability we can see SPY go down to support before either going back up to top channel, or completing the ascending channel and going below the bottom channel, which at that point a recession is very likely. This will depend on the election results mainly in my opinion. We can't forget about the fact that half a year ago we saw the dividend yield reversal, which has been a great indicator for recessions (Which I don't see happening right now). The current market is driven purely by greed. Pretty much everything is trading at values that are much higher than they are supposed to be. Political uncertainty in the US is also very important to remember, we have elections coming up soon and besides that we also have massive proposals from candidates like Bernie Sanders which are proposing a massive reform to the economy. The DNC and the censuses will be big players in helping us trace market movements as they have in the past. An economic slowdown is still not yet obvious, consumer spending has been doing great for the last couple of years and companies are releasing great reports and earnings, but that doesn't mean that SPY is correctly priced today, I find a price correction likely. No one can predict with certainty where the market will be in a year or two, which is why I need to repeat that this is not a signal or any sort, but purely what is currently happening in the market. If you have a different opinion or if you believe I got something wrong feel free to leave a comment. Follow me for more related conten
AMEX:SPY
by tonite
6
Gold Short SetupFor the majority of this week, gold was holding around the 1650 zone. Finally it presented an opportunity to for me to enter a short position, offering a 2.5:1 R/R. I targeted the 50 ema on the daily chart, as this was a reversal (counter trend) trade, which took profit a few hours later. Currently, the markets are extremely volatile due to the media reports on the virus. My advice is if you are not experienced, wait until this has all blown over before taking any positions! Have a great weekend! P.S If you want to learn more about how I trade, drop me a DM on here or on IG @saxonpooley!
OANDA:XAUUSDShort
by ProsperousTechnician
BTC _ FINDING ACCESS CODE TO MATRIX (Blue Path) Update 1 Lots of data to consider which most are leading to mistakes/errors. For now I am only sure of "DATE" for next ATL. Since I have discovered 2 fixed sequences for latenesses & ratios in first leg of my previos draft TIME SEQUENCE TEST. If sequences/latenessses will be respected, then date will be 22.02.2020. "PRICE" for next ATL , is still not cracked. Fundamentally/Technically it would be between 800-3100 $. According to some calculations and log trendlines my guess would be 21xx $. (which I thought 28xx $ in previous Idea) Not A Financial Advice, Just a Case Study For Myself. Do Your Own Research.
BNC:BLX
by PATHOLOGY_Se
4
LONG STILL ON ENGIE$ENGI.PA (Engie) - Alerted last at €15.19 now €16.16 Form : Bullish ENGIE trades on a P/E ratio of 43.9, With meaningful debt and a lack of recent earnings growth, the market has high expectations that the business will earn more in the future. The company pointed out it has to enhance the growth potential of each of its activities, simplify its organisation and improve its business model in renewable energies and client solutions. Therefore as a long it looks strong for these reasons as well as a higher revenue outlook
EURONEXT:ENGILong
by WallBear
BABA SMASHED STREET ESTIMATE ! LOADING BAY OPEN AT DISCOUNT ! LET THEM BE SCARED OF THE VIRUS AND ENJOY THE DISCOUNT BECAUSE WHEN ALL SETTLED THIS WILL TAKE OFF FAST !!! (Reuters) - China's Alibaba Group Holding Ltd beat analysts' estimates for quarterly results on Thursday, driven by record sales during its annual Singles' Day shopping blitz and demand for its cloud computing business. The e-commerce giant usually reports its highest revenue in the December quarter due to its mega "Singles' Day" shopping bonanza in November. The company said sales during the 24-hour shopping event hit a record $38.4 billion in 2019. Alibaba primarily generates revenue by selling advertising and promotional services to third-party merchants that list products on its e-commerce sites, Taobao and Tmall. The company said it was supporting the fight against the coronavirus outbreak in China by ensuring supply of daily necessities and introducing relief measures for its merchants. Alibaba affiliate Ant Financial's MYBank unit has said it would offer 20 billion yuan ($2.86 billion) in loans to companies in China in the wake of the outbreak. The outbreak, which originated in the city of Wuhan, has resulted in companies laying off workers, seeking cheaper funding and struggling to restart production after an extended new year holiday as supply chains remained disrupted. The epidemic is expected to pile more pressure on China's economy and comes as the country signed a Phase 1 deal with the United States to ease a protracted trade war that had weighed on its growth. Sales in the company's core commerce business jumped 38% to 141.48 billion yuan ($20.26 billion) in the third quarter ended Dec. 31, while revenue at its cloud computing unit surged 62% to 10.72 billion yuan. Net income attributable to ordinary shareholders rose to 52.31 billion yuan from 33.05 billion yuan. Excluding items, the company earned 18.19 yuan per American Depository Share. Analysts had expected 15.75 yuan per ADS, according to IBES data from Refinitiv. Revenue rose about 38% to 161.46 billion yuan, beating estimates of 159.28 billion yuan. U.S.-listed shares of the company were up nearly 1% at $226.30 in premarket trade.
NYSE:BABALong
by PhilippeDelpCFA
4
BABA VS AMAZON QUICK COMPARISON ! Alibaba is very cheap 2019 SALES INCOME EBITDA EPS BABA 60 BN 14.30 BN 5 USD AMAZON 280 36 23 BABA PRICE IS 220. SO EPS YIELD IS 2.3 % AMAZON IS. 2200 , 1% AMAZON IS CLOSE TO 90 X. AND BABA 35 X EARNINGS Potential for BABA to grow is much higher in China than Amazon and is much lighter on the huge infrastructure cost than Amazon Warnings : NOT SAYING AMAZON IS SHIT IT IS A GREAT LONG TERM INVESTMENT BUT BABA IS BETTER UPSIDE ON THE LONG TERM IF YOU WANT TO PLAY THE GLOBAL DOMINANCE OF ONLINE RETAIL THEN BUY THE TWO AND YOU ARE COVERED , ONLINE WILL KEEP GROWING FROM 10 TO 20 OR MORE EASILY SO BOTH ARE IN A GREAT SPOT
NYSE:BABALong
by PhilippeDelpCFA
ENB Long Broke my Chart upside Canadian-based Enbridge (NYSE:ENB) offers investors a 6% yield, while Plains All American Pipeline (NYSE:PAA) has a 7.5% yield. Enbridge,has a large and much more diversified business, which should be a major plus for conservative types. (Obviously, however, if you want a pure-play midstream company Enbridge won't be a good fit.) Add in a more consistent dividend history, and the slightly lower yield seems like a worthwhile concession. If you are looking at this , Enbridge is likely to be the better option today. compared to others.
NYSE:ENBLong
by WallBear
Hunter Douglas HDG FundamentalAs we can see every fourth and second quarter the company generates higher income compared to the first and third quarter.As soon as the fiscal quarter's net income is announced price begins to change. From 0 to 1 (Q2-Q3 2018) it raises. From 1 to 2 the Q3 earnings are announced and price begins to move down. Also Vanguard's Real Estate ETF started to drop which the general housing market sudden downturn could have caused the fall in the price. (Shownin orange) Again from 2 to 3 price begins to move up. This is seemingly due to high Q4 earnings report. Low earnings report moves price down from 3 to 4. As it seems it starts to get stable. I believe the company will again report high earnings for the Q4 of 2019 which will drive the price up.
HLong
by gilxhontoci97
Ethereum could go up 200% over the next few months!!!The Istanbul Hard fork is scheduled to happen this Saturday. This will allow transactions per second to climb from 15 to 3,000! Combine that with the fact that the DEFI space is growing exponentially and we're looking at formula that could very easily break us out of our falling wedge and to the top of the upper end of the trade channel. 1. Count down clock for the upgrade ---> etherscan.io 2. 3,000 transactions per second ---> www.fxstreet.com 3. Shows DEFI utlization ---> defipulse.com 4. Chico can be a little crazy but his take on Defi is spot on ---> www.youtube.com
COINBASE:ETHUSDLong
by In_the_future