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Goodluck

why i thought btc broke out 5 days agoand why i'll short 46.5k. seems like the popular convention when charting in general is to draw your trendlines at wicks, but anomalous assets deserve more individualized analysis. since volatility is an important characteristic of crypto assets, i thought that meant even candle bodies should be looked at with a grain of salt. i decided to use "volatile bodies ~= nonvolatile wicks" as a working hypothesis and drew trendlines accordingly. i also kept in mind that it doesn't necessarily matter where you draw them as long as you can interpret them. so w/e i wish good luck for everyone else too, bears and bulls alike
Long
by moonbeam-RIP-
1
iRobot: Undervalued Amid Global Chip ShortageRelated News : "Bad decisions, bad luck, and then increased demand" has led to a global semiconductor shortage, with the bad luck being the covid 19 pandemic closing down the only factories that made chips, and the increased demand being bored children who want a new iPhone 12 to pass time during quarantine. How iRobot is Affected : iRobot needs semiconductors to make their Roomba vacuum cleaners. The global chip shortage is reducing the amount of vacuums they can produce, which leads to lower gross revenue and makes the business seem more unattractive to outside investors. Fundamental Analysis : A PE (price to earnings) ratio of 20.48 and a PB (price to book) ratio of 2.86 indicates this company is still modestly valued, despite the recent 60% selloff from its all time high of 196$. A current ratio of 2.90 and a DE (debt to equity) ratio of 0 shows iRobot can easily pay off any debt it may have. Sales over the past five years have increased by 18.30% annually, and iRobots EPS (earnings per share) has increased by 28.50% annually, leading me to believe this is a fast growing company. ROE (return on equity) is 13.90% as well. All in all, everything is good with iRobots balance sheet, at least for now. In the future, however, the company has stated that revenue, net profit, and eps will not be in line with past predictions; the chip shortage will temporarily reduce profits and gross revenue, although next year will be better as the semiconductor situation gets under control. iRobot also said it plans to repurchase 100 million dollars worth of shares under an accelerated share repurchasing agreement next month, which means a slight increase in stock prices in the shorter term. Technical Analysis : iRobot has been in a downtrend for the past six-seven months, which provides an opportunity to buy the dip (my favorite term)! My proposed buying range is between 60-70$, as it has not yet been established how long this downtrend will continue. 60-70$ is an area with many key supports, which makes it a good place to enter into a then undervalued stock. My first price target is 100$ by December of next year. The semiconductor situation will have been resolved by then, and it is likely more outside investors will be interested in iRobot when the money starts flowing. My second price target is 132$ by August of 2023. iRobot will have completely recovered and should continue to grow at a fast pace, resulting in a higher stock price than in previous years. Personal Opinion : Honestly, I believe iRobot will survive the semiconductor shortage and do well in the next two to three years. It has the fundamentals, the buyback plan, the temporarily adverse market conditions to make the stock a bargain, and the strong support levels that provide a place to park my money. Everything is there; and I won't miss this opportunity like I missed bitcoin at 10k (damn it). ***Diamond hands to you all---and also, this is not actual financial advice. You can follow it, of course, but I'm not a financial advisor, nor am I a guru or an old hag with a magic mirror; I do this for fun, and to improve my personal trading. Link is down below to my Alibaba idea, where I dive into why this Chinese tech stock has the potential to provide some massive returns.***
NASDAQ:IRBTLong
by NickTheGreatStockTrader
BNB/USDT Long idea Hey guys so iv been analysing bnb for a couple of hours now.Iv been entering starter positions and avg down if I have to my avg entry for this long is 482.9 usd Im certain BNB will run. up 15-20% in the upcoming days and my reasoning is the same as every other coin that has ran up.The stochastic rsi has bottomed and is know rising on the daily and the choppiness indicator( tells you when a big move Is happening) is falling the lower it goes the bigger the move the macd is gonna cross bullish like etc just did on the daily So iv been accumulating spot and opening positions in longs Good luck to all!!!! As said its been consolidating for a while now a break will definitely pump it hard.
Long
by excitedPepper1840
BTC Breakout Next 1-5 Hours - Potential Long/Short EntriesThe first thought on any crypto trader's mind this week- where is Bitcoin going? Bitcoin saw a strong bullish breakout this week, climbing around 9%, followed by a swift rejection at 65k and a 50% fib retracement, where she is currently ranging within a symmetrical triangle. Bitcoin will break out of the triangle in the next 1 to 5 hours. I placed potential long and short entries here. If it breaks bearish, the entry for that would a close beneath the triangle highlighted in the red box. For long entries you can look at either of the green boxes, with the lower one offering nearly 1% more potential profit but higher risk; and my recommended entry would be to wait for a bullish break and close above the 23% retracement. A bearish breakout would see us revisit support at the March ATH around 61.2k, which also serves as the 50% retracement in this pattern. This would be a very bearish signal, and develop into a descending triangle against last months resistance. Falling under this would see us retest the psychological support of 60k and below that, the bottom of the macro trendline. A bullish breakout would see us attempt to retake between 64 and 65k, but with the potential to climb as far as 66k.
COINBASE:BTCUSD
by 1BigPapi
EURUSDMy bias is that this pair is going long Fundamental: With the recent stimulus checks being pumped into the U.S. Economy, I believe that the value of the dollar will drop because the more dollars pumped into the economy equals a weakened currency. Technical On the 4hr chart, this pair is forming an inverted head & shoulders and once price breaks and retests the neckline it will give me clear confirmation that it is going up. I believe that price will go around the place where it last went when heading down. Which is about the 1.19300 area. From there it can continue to reach the next key level, which is where price also stopped in the past. But obviously I will wait for confirmation. Patience is key! HOWEVER: Price can do whatever it wants and if it decides not to break the neckline I think that it will break and retest the 1.1750 mid level-In quarter's theory- and go down to 1.1650 area, where price last stopped on its way up. Confluences: Break and retest of the neckline Candlestick formation EMA cross Higher low
Long
by Rob-ert-Na-than-iel