G-CAP
$CPRI: Continues to stun the marketWith another massive earnings beat, the market continues to find value in this name that was getting beaten up long before COVID. Should be interesting to see if CPRI can continue to impress into holiday season and beyond.
Q2 2021 Highlights
Revenue increased 178%, with better than anticipated results across all three luxury houses
Adjusted gross margin expanded 90 basis points versus prior year
Adjusted operating margin of 20.8%
Adjusted earnings per share of $1.42
Raised full year adjusted earnings per share outlook to $4.50
AQUA: Potential Benefitor From Biden AdministrationRelative strength against S&P picking up, strong breaks above trendlines with small caps still seemingly being supported by the market. Liking this one for a longer term hold
Bitcoin market dominance in 2021If we follow the percentage drop in market dominance for Bitcoin from 2016 halving to the current 2020 halving we see Bitcoin possibly hitting a low % dominance of 25 plus. Notice that the previous all-time low in dominance for Bitcoin was around 36% of the total market cap.
Link to $500 in October 2021But first a very significant dip. I noticed a 5 wave fractal that repeats before each major pump. The January and February pumps fooled everybody to think it is the big pump, but as evident from the BTC pair it is not, it is just an overextended 4th wave of this fractal, and this why on the lower time frames the price action is choppy and not strongly parabolic.
The fractal I am talking about is not an EW wave, it is just 5 waves that are shaped similarly.
The $500 target is a rough estimate that assumes that the market cap will test the channel resistance at 236 billion, but it can just reach the midline at 38 billion and get rejected again. 236 billion is extrapolated to be roughly $500 per link coin.
In summary, link will dump significantly then pump significantly.
CRYPTO TOTAL MARKET CAP EXCLUDE BTC into January 2023CRYPTO TOTAL MARKET CAP EXCLUDE BTC into January 2023. This of course with BTC hitting projected $250k or more. If we see a super cycle Bitcoin price of $533,000 then there would be no reason why the total Altcoin market cap can't be over $2 Trillion.
Grayscales 'index fund of crypto" GDLC moving down to .618 Grayscales 'index fund of crypto"
GDLC moving down to .618 target
this will fall down until :
1. The end the month
2. After Jackson Hole talk
3. maybe even labor day.
I am buying from$19 down to $10 if t gets that low - just not sure when this turn around exactly but it will not stay this low for long.
I am a painter and these are my pictures- not investing advice
WBT where is Resistance?WBT highly rated, profitable (before covid) Small-Cap value play.
With a strong breakout above 7ish... where would the resistance be?
10,12,14 ???
Pick a number?
What an Odd-looking chart ..... but I will take it...
Total crypto cap mixed signalsTotal bounced of the 200 daily ema, broke out of midterm descending channel,found support on the descending channel previous resistance and is above the weekly ichimoku cloud. These are all very bullish indications. However, the index is in a rising wedge formation and a daily bearish divergence has formed. A drop down of the rising wedge will bring the price back in the channel. I suspect that the weekly will close below the channel which would be very bearish.