A lot of liquidity below 30 created, price will likely followSo far Virgin Galactic was an abysmal investment for me. Although I bought CFDs low at about 24 and sold a lot higher, I started buying shares up there and the price dropped. Anyway, I am planning to buy some more shares between $20 and $25 if the price gets there.
Why am I planning to buy when I am already exposed to SPCE? - this company has good prospects for the future. Virgin Galactic is doing its thing more efficiently than Blue Origin. The vertical start is very inefficient and even though it gets Bezoss' New Shepard higher and into actual space, I don't think the people will care that much. As long as they can see that the planet is an oblate spheroid, they will be happy with the experience.
Space tourism might be somewhat threatened by the green activists who think that it will damage the environment too much. Activists are often just political pawns who didn't do their research, so I see how they may be drawn to the logical conclusion that space tourism is bad. But that doesn't make it true whatsoever for a number of reasons I won't be getting into on a Trading platform.
Another threat that might look to be relevant might be posed by socialists/communists on Twitter who know best how to spend someone else's money. Fortunately, they seem to be numerous on Twitter but in the real world, they are outnumbered by the people who see our future in space. Wright brothers who invented airplanes might have also faced people who would say 'Why don't you make bicycles for the needy instead? I don't think these "experts" will be able to stop technological progress.
Why do I think the price has a high probability of reaching for these lower prices? - if there is any blatantly obvious market level, both stop orders will be there! In this case, there will be stop-losses of people who hold longs and who own real shares. There could also be stop-market orders of those who think that this company is a toast (not in this case probably). Anyway, that is the only place where the institutions can open their large orders.
When they want to go long, they need someone to sell to them! It will be those who had stop-loss orders there. As much as I expect Virgin to be a prosperous company in the future and with their commercial (almost) space flights starting next year, I think we will get a good price for the last time in the coming weeks and months.
Future
Ethereum Time Is Running Out! Prices Will Go Up.If you don't own at least 1 Ethereum you still have time. Owning 2 or more is even better. I know I've been sounding like a broken record but I seriously believe Ethereum will have a tremendous price value in the not so distant future. Owning at least 1 Ethereum will guarantee that you have some wealth and longevity in this space. The future of Decentralized Finance and economics is within Ethereum which is easily a multi-trillion dollar market in the coming years. Ethereum under $2500 is a bargain considering the events and changes in the months to come that I believe will have a positive impact on price.
On the weekly MACD we're starting to loose negative momentum and heavy sell pressure since mid May of this year. We're not overbought on the RSI which indicates there's some still some more run-up. But also keep in mind that on the monthly time frames we're still a little heated.
Consider this:
* EIP-1559 will make Ethereum deflationary and limited. It will also reduce gas fee's and forever burn Ethereum which will create a limited supply.
* EIP-1559 commences in roughly 2 days so far the biggest upgrade in Ethereum's history.
* We have strong support at $1690 and strong Resistance at $2900.
* This has been a heavy accumulation period in the entire cryptocurrency space.
* Bitcoin has defended the critical $30,000 support level.
* We're approaching the Golden Zone on the Fibonacci Levels (Golden Zone = 0.382 between 0.618)
My approach to the crypto-currency market and trading is always long term. I encourage you to have a long term mindset in these markets. Ethereum will be primed for serious gains considering we hit new all time highs on the Bitcoin pairing and re-test all time highs on the USD pairings. Believe in you're investments and be patient! Ethereum is key to the growth and future of this entire market.
Cheers! Much peace, love, health, and wealth as always!
SPCE Buy HERE for long term gainsWe most likely will create a giant weekly M pattern before breaking out strongly to the upside. This pattern is going to take a long long time to play out so set your alerts at $15 and forget about it.
In the mean time there will be bounces and drops for short term weekly option trades.
Bitcoin Start Of New Multi-Year Bear Market? I Don't Think So...There have been many people calling for a sub $20,000 Bitcoin and the start of a new multi-year bear market? I do not believe that will be the likely scenario considering we have already crashed and the major selloffs have already happened. I highlighted the 3 most major sell of volume sticks since 2017. It has been clear this period has been turning out to be a consolidation phase in the market as we continue to move sideways waiting for a strong move to the downside or upside. Consider this:
* Buy and sell volume has been getting very low.
* We now have over 200 days of support trading above $30,000
* We only have 28 days of support between $18k - $20k.
* $30,000 is a way stronger and more important support level than $20,000.
* Tesla has not dumped their Bitcoin Holdings.
* Intuitions are still more interested in Bitcoin than ever before despite the volatility and crash.
* Bitcoin hash rate has slowly been recovering.
* This is the longest period of extreme fear registered from The Fear & Greed Index ( We are still continuing to be extremely fearful).
* Bitcoin mining is continuing to become more renewable and miners have been re-locating mining outside of China at a rapid rate.
* On Chain Metrics indicate large whale addresses have been accumulating between $28k - $30k.
* This most recent crash has been the biggest in crypto history considering the amount of money that has left the space (1 Trillion in under a month).
* Countries adopting Bitcoin as legal tender will continue to grow.
* Bitcoin is becoming more desensitized to Elon Musk and China FUD.
* Crypto luxury transactions accelerate at Sotheby's.
* Sotheby's recently sold a rare 101.38-carat diamond for $12.3 million in cryptocurrency.
I say all of this because market sentiment is what drives price. This market has matured greatly since the last bear market. We will come out of this state of extreme fear, uncertainty, and doubt in the months to come. We are now back at them bottom of $30k. Can we go lower? Yes but how low? We're still in a downtrend and the charts are pointing down. Expect another drop to $28k as long as we're still in this phase. I don't believe we are starting a multi year bear market "just yet". The fundamentals going forward are more way more bullish than bearish throughout the rest of this year.
If you're at a loss I'd just say continue to HODL through this and be patient. Think about the bigger picture and believe in your investment. This is the future of economics and finance. The bears want you to sell at these lower prices and want you to believe Bitcoin is back on its death bed. Most of my portfolio is staked throughout this period.
Much peace, love, health, and wealth everybody.
GOLD Future - 06 - Update 07/07/2021 and Forecast The Target Profits indicated last week were both taken.
Today the Long and Short Targets have been updated for the next 7 daily candles.
Totally from the forecasts published last two weeks, we took 9 short and 14 long points.
Good trade to all... ;-)
This is the most unrated SPACFirst off let's start off with the inevitable part, the world population is only increasing and as the world becomes modern it will only put more stress on and already broken supply chain. It's no secret that the pandemic put how unstable the global supply chain is on display. With all this demand we need a new way of growing food to support it, that is where Aerofarms steps in.
Aerofarms is creating a ground breaking way to feed our constantly modernizing population and the best thing is these are not just ideas or dreams trying to sold in another SPAC deal. This is a real company with real revenue, about $4 million projected for 2021. Now I know that nothing crazy but with a TAM of 1.9 trillion and a substantial lead ahead of any competitors in the vertical farming field with patents, trade secrets, and partnerships.
They have increased their presence in 200 stores by over 500% in Whole Foods, ShopRite, Baldor, amazonfresh, and freshdirect. Aerofarms meets the challenges of its sector head on with 59% more efficient lighting, automation integration, data science, product diversification, capital access.
They are moving into berries and other crops with a seed library with over 500 entries along with their data science fueling their algos put in action by the bots. Their merger with Spring Valley (SV) will give them $347,000,000 which they will use to super charge their growth and cement their position as a leader in the industry.
I have several sets of PTs 3 month, 6 month, 1 year, 3 year
Month: Bullish Neutral Bearish Yolo
3 Month 15-18 15 13 20
6 month 18-19 16 15 25
1 year 20-23 18 16 28
3 year 25-27 20 17 35
ASX: PH2 or ‘Pure Hydrogen is the next Woodside by 2024Pure Hydrogen is planning to develop hydrogen refuelling hubs on the East Coast of Australia in order to
supply local customers with Hydrogen fuel at the required pressure of 35 or 70 MPa. These sites will be
used to refuel motor vehicles (especially trucks) powered by Hydrogen gas. H2H’s refuelling stations are
expected to be supplied to Pure Hydrogen when the first refuelling station is planned to commence
operation, at this stage within ~18 months.
GOLD Future 05 - Price Level & Past Close (2016-2020)Gold Future Day Pass update.
I have reported the significant price levels of the last 18 months (from 02 January 2020 to the end of current June 2021).
I have drawn the cone of the average prices of the last 5 years
with departure 28-30 June until 31 December of each year.
In the last 5 years, 4 with rising prices and only one with a significant drop.
Happy trading week to all.
StarTrek54
bitcoin long-term view, CRAZY GAINS The idea may seem a bit crazy for today. but we should consider something very important
if you look at apple stocks or amazon stocks these companies could get a lot of attention when they introduced a revolutionary product. for example apple intro iPhone 2007 and after that there was the biggest boom in apples history
Bitcoin just had its halving last year and by November layer 2, privacy, smart contracts and more are coming to btc network. also we will have defi coming to BTC.
4years after that we will have next halving and lots of more exciting updates.
the domino effect has already happened with institutions and governments to put bitcoin as their reserve currency.
Bitcoin mining climate effect is being addressed and not too long from now its going to be a lot greener.
everything is in favour of bitcoin. so HODL onto your coins and enjoy the ride for the next decade as it all belongs to our Crypto world currencies.
The Crystal ball Strategy - How to Look into the future.There seems to be an endless amount of strategies out there, some promise fast returns while others promise consistency. Recently Ive started to gain some followers and have had some requests for strategies. Well today Im going to share one of my crackpot strategies I call "The Crystal Ball Strategy". This is not like most strategies that rely on indicators, in fact it uses no indicators at all. I don't often trade this one but every now and then I will use it to confirm a trade before placing an order. I stumbled upon to this while I living in the 1 second charts trying to script the perfect entry bot. I started to notice the loops would start on the 1 second chart then make there way to the 30 second, then the 1 min. The next day I would see the pattern on the 1 hour chart. Its like looking into a crystal ball and seeing the future.
How it works.
Its as simple as opening a split screen with a 1 min char and a 60 min chart. On the 1 min chart find the beginning of the current trend that you are looking at on the 1 hour chart. For the example I am using Bitcoin. Now its just a matter of comparing the two charts. If they are the same (which they normally are) you can setup your trade knowing if it is going to be a long or short and even how good it will be and where to exit. All the data for the 1 hour trend is stored in the first wave. Just a word of warning that things happen along the way like dumps that will change the future but if things coast along fine the 1 hour chart will usually match up with what you saw on the 1 min chart yesterday.
Here you can see the 2 charts lined up. The 1 min chart is marked in a yellow box on the 1 hour chart. I have broken up the different parts for comparison. In this example the charts suggest to place a short.
This is scrolled back left, you can see the 2 charts match characteristics.
Im sharing this for educational purposes only and have not backtested it enough. I just figure some people may be interested and strongly urge you to not run out and put on a "YOLO".
Energy - ARCHModel has given entry signals for Arch Resources:
- Arch Resources, previously known as Arch Coal, is an American coal mining and processing company. The company mines, processes, and markets bituminous and sub-bituminous coal with low sulfur content in the United States. Arch Resources is the second-largest supplier of coal in the United States, behind Peabody Energy.
- We expect a boom in the energy and industrials sectors, due to an increase in global industrial output to meet initiatives.
- We are very excited about opportunities in the energy and commodities sectors, as we believe a macro turn is approaching in the nearest future.
- Technically appears to be rising to the top of its channel, after testing channel support with a spring.
GLHF,
DPT
Disclaimer:
We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions that securities trading and investment involves high risk and that you can lose a lot of money. Loss of principal is possible. We do not recommend risking money you cannot afford to lose. We do not guarantee future performance nor accuracy in historical analyses. We are not registered investment advisors. Our ideas, opinions and statements are not a substitute for professional investment advice. We provide ideas containing impersonal market observations and our opinions. Our speculations may be used in preparation to form your own ideas.