HACK
$AR9 with significant tailwindsTA,
-MACD daily golden cross
-Upper-level exhaustion (known as cup and handle in TA culture)
- Bullish Moving averages
FA,
- Geopolitics
- War on data. Data is the new currency. Protecting data comes with big rewards.
- Management team
- Top government contracts: MOAT
- Good financial health
- Insider ownership: 17%
- Recurring revenue
- TAM 2.8B in AUS and 7.7B worldwide
(-)
- Massive run-up since March lows so there could be some Profit-taking
- RSI overbought
- Dependent on a few big customers
- Price/sales=120
Don't usually buy into overbought stocks, but success comes from doing things differently
Cyber Security has become essential for all"Because of the rise of remote working, cyberattacks have grown exponentially in recent months, with the FBI reporting a 400% increase in complaints in April versus March, as attackers hope to expose weaknesses in an organization's business continuity strategy"
Fundamental difference between some of the biggest cyber-security companies:
CrowdStrike's (CRWD) endpoint protection uses resource-friendly security agents to inform its crowdsourced cloud about any potential threat anomalies. All customers are protected based on a single threat found, and its technology is supported by having renowned threat remediation and hunting capabilities.
OKTA disrupted the identity access and management market with its cloud-based technology that has a large number of application integrations that make controlling who has access to what much simpler for security teams. In a perimeterless security world, the importance of identity is becoming paramount.
Zscaler's (ZS) secure web gateways delivered via its cloud locations provide customers a safe route to cloudbased resources. Branch and remote users can go directly to their applications instead of going through a centralized data center, decreasing lag for the end user and alleviating traffic bottlenecks for IT teams.
Palo Alto Networks (PANW) is an attractive option for investors. In our view, its cloud transition springboarding growth off its firewall leadership, upselling and cross-selling prospects via its security platform, and strong cash flow and balance sheet are being overlooked for the pure cloud-based companies.
TWTR - Scalp short because of the great hack Twitter ($TWTR) down 4% after hours as Uber, Apple, Bill Gates, Elon Musk, Jeff Bezos, Michael Bloomberg, Kanye West and Joe Biden's accounts undergo anonymous hacks.
Reason is still unknown, no comments from Twitter, serious security breach, over $100,000 stolen in minutes
Hit the "LIKE" button and follow to support, thank you,
Information is just for educational purposes, never financial advice. Always do your own research.
Cybersecurity ETF - Huge volume spike Technical Analysis:
CIBR had a volume spike of 850,000+; which is 80% higher than usual, yesterday November 12th 2019.
The 50sma (yellow line) is bouncing back, trying to cross the 200sma (red line), and after it must cross 100sma (blue line) for it to continue being bullish.
10sma is short-term support - $29.3
All time highs is short-term resistance - $30.7
CIBR top holdings:
VMW - 6.64%
PANW - 6.63%
AVGO - 6.15%
CSCO - 6.03%
OKTA - 5.12%
FEYE - 3.50%
FFIV - 3.32%
SPLK - 3.18%
JNPR - 3.18%
Palto Alto Networks - New uptrendTechnical Analysis
We are breaking a previously tested resistance at $230.
To enter the new channel, we probably need to close above $235.
OBV is at all time highs.
RSI(10) @72, has been following setting lower lows and higher highs.
Overbought can continue to be overbought.
Check risk reward ratio in-chart.
** I would wait for a breakout to the new channel, or at least a pullback to the $230 now new support.
End of the run for BITCOIN. Sit down and watch the correction!Dear traders.
You all know how bullish I am for the long term in the whole crypto market.
The last days I saw some really heavy selling pressure when Binance and Coinbase were approaching $6000, but the market recovered really well.
Then the Binance 40M hack happened.
The reason why I'm 100% bear for the next 3/4 days is really clear.
1) WEAKNESS OF ALTCOINS. Great news both for Ethereum and Litecoin, look at what happened to their prices.
2) ENORMOUS RESISTANCE at $6000, it HAS to correct before break it. Bullish whales want to buy low and fuel it back later, while bears don't want $6000 to break.
3) TECHNICAL: Look at the well-defined uptrend that bitcoin followed up to now, and the weakness that it's showing.
4) TRIANGULATION: in the short term we need to break out from this triangulation, and the outcome will be to the downside.
But our trade is not on BITCOIN, is on the altcoins, that will suffer even if bitcoin would break $6000.
So we shorted BCH, LTC and ETH, leverage 3.3x on Bitfinex (tether is slowly appreciating too).
Yes, BFCMInvest has a big short position to the market right now.
Will you follow us?
Let us know in the comments
BNB / USDT LONG ! Binance Coin is at the 50 moving average on daily chart, an important support where it bounced two times in the past.
I expect a continuation of this dump, BTC could dump soon and the hack is still there, people can deposit or withdraw their funds.
This will push the price to go down and we have some important supports. We can buy at the first one and go balls dip in the second one.
Our long term targets are higher but in short term we can expect a retest of the previous high and see how it reacts, if bnb can do a new ATH or we should wait a bit more.
Good news are coming, the volume in Binance is increasing, Binance will add margin soon, new IEO coming by the end of May, Binance planning to launch his own stablecoin.
Potencial gains of 35 - 45 %
TEAM B
GER30 Dax good Bullish Target in VERY STRONG Bearish Area.COMPLETE Technical Analysis of GER30 Dax
GER30 ( DAX ) Double 'W1" High candles broken for bullish move in the next weeks and maybe months.
W1 target Convergences : 11'945
- W1 Double Highs heigth
- Past D1 swing low
- MN1/W1 Bearish Head/Shoulders pullback area
Even if we had a heavy MN1 "head and shoulders",
the market has drawn a good break out :
- Double W1 high broken.
- MN1 "mother candle" broken.
- First near target high probability. (+ past swing low at the same level).
Only buy in daily basis for "day trading" above 11'690.
And if we finally break down under 11'390, then sell.
W1 target Convergences : 11'945
- W1 Double Highs heigth
- Past D1 swing low
- MN1/W1 Bearish Head/Shoulders pullback area
GBPUSD Strong Bullish Signal (But not Reversal yet)GBPUSD Strong "semi-long term" Signal.
- MN1 strong "pin engulf bullish bar".
- W1 "anchor candle" broken + last week close above anchor's range.
+ W1 "RSI(21)" historical data shows 99% reaction after divergences.
(retracements or even reversals)
OMLY Above 1.3220 :
buy based on daytrading or fast swingtrading
For sure enough near Target : 1.3615
GBPUSD Strong "semi-long term" Signal.GBPUSD Strong "semi-long term" Signal.
- MN1 strong "pin engulf bullish bar".
- W1 "anchor candle" broken + last week close above anchor's range.
+ W1 "RSI(21)" historical data shows 99% reaction after divergences.
(retracements or even reversals)
Above 1.3220 :
- Only buy based on daytrading or fast swingtrading
Target 1.3615
Journey of 1000 psychological trading hacks.Join me - to boldly go where 'no man' has gone before. This is the Final Frontier.
I take on the big issue - head on.
This is the one that is more likely to make the biggest difference to achieving consistent profitability.
I assert that it technical and fundamental analysis are not most important issues in trading - at all! If 'everybody' could simply do proper technical and fundamental analysis and make load of money, then everybody would be rich. It's never happened. It ain't gonna happen!
I say that our enemies lie within. I say that dealing with the enemies within - by self-analysis, is the path to unlimited gains.
AND - it's not just me saying so.
Could this be your 'Mission Improbable' or your 'Mission Possible'? The choice is yours.
This post is in keeping with Tradingview's text-based analysis guidance
SYS hacked and sold on Binance!Coin of the day is SysCoin
What is SysCoin
The primary product of the Syscoin team is Blockmarcket, a blockchain powered marketplace "where you can securely and reliably buy and sell any items you wish". They position themselves as a future competitor to Amazon and eBay. Syscoin offers a set of technologies: a global network, a distributed ledger, a decentralized database and a blockchain.
Attack
Yesterday Syscoin was hit by an unusual hack that has manipulated the coin’s total supply. The attackers then sent the fraudulently generated coins to Binance and sold them, pushing the price of 1 SYS to as high as 96 BTC. The BTC they received was then withdrawn, prompting Binance to cease trading temporarily and to reset all APIs, which are believed to have facilitated the attack.
On Thuesday Syscoin blockchain is reported to be severely compromised. Binance and Syscoin Twitter feeds was pointing towards a Syscoin attack.
“We are investigating a possible issue on the Syscoin blockchain, nothing is confirmed but we have asked for exchanges to halt trading while we investigate.”
The most probable scenario of the attack includes stolen API’s which was used to buy-out the whole order book of SysCoin on Binance, and even pushed the price up to the 96 BTC.
User CRNBTC on Twitter noted that one of Binance’s hot wallets have become active again. He said:
“7000BTC moved out of @binance hot wallet after the syscoin api pump. binance has not issued any withdrawals since.”
Binance CEO CZ promised a full post-mortem after the exchange re-enabled trading on Wednesday morning. In an incident recap, Binance has promised to rollback irregular trades and offer zero-fee trading to irregular trading. The exchange tweeted the news accompanied by the #SAFU hashtag, in reference to a rising crypto meme spawned by a previous CZ typo in which he assured users that “funds are safu”. In March, Binance was hit by a similar API-based attack, on that occasion using Viacoin. Using compromised APIs, the attackers set ridiculously high sell orders on the victims’ accounts, dump their illicitly obtained crypto on them and then cash out. Decentraland’s MANA cryptocurrency also soared dramatically on Binance in a move that’s believed to be linked to the Syscoin API attack.
Technicals
There is no need to describe how SYSBTC price looks on the Binance chart. However, this situation triggered bots, which uses price differences among exchanges to get profit, this bots raised the price on Bittrex as well, not to 96 BTC though. The price spike pinched the 0.000055 level and then returned to the 0.000034 – 0.00004 zone. An overall pattern still looks like a rebound from the Bullish Trend Line and stays positive for now with support at the 0.00003 level and Bullish Trend Line and resistances at 0.00004 and 100-days EMA.
Bullish on Cybersecurity We are becoming more and more dependent on the internet. Along with this increased dependence the social desire for cyber defense will grow. Even at high costs the demand and necessity will be strong.
A single company will not monopolize security of the internet - it's too big and too complex - but I do think a broad index of companies building the "immune system of the internet" can benefit from this trend.
Supporting this trend are:
continued political cyber warfare & allegations lawfareblog.com
the release of CIA Hacking Tools ("zero day" exploits etc.) wikileaks.org
Hospital ransomware attacks - speaking to someone working in hospital data - hackers taking control of hospital data and holding it as ransom is more common than many of us are aware of. "The Federal Bureau of Investigation (FBI) reported a fourfold increase in ransomware attacks from 2015 to 2016. Those attacks resulted in a total of $1 billion being paid to hackers, the FBI said." medlineplus.gov
The Elliott Wave and technical analysis perspective:
Two cybersecurity ETFs $HACK & $CIBR have been trending in a bullish channel since 2015 and 2016 respectively, after tracing out a clear zigzag corrective patterns on long-term charts.
The two primary counts suggest further fifth wave upside at Intermediate or Minor degree.
The leading count is in red on the $HACK chart and depicted on the CIBR chart. Wave 3 is extended and wave 5 has begun tracing out the initial first and second waves.
The alternative count in blue on the $HACK charts illustrates an extended fifth wave in which Minute waves ((i)) and ((ii)) are complete and the initial first and second waves of wave ((iii)) of 5 are near complete suggesting a (iii) of ((iii)) of 5 spike is possible soon. $31.50 - $32.00 would be the first target zone.
RSI on $HACK is just shy of bullish territory and has been trending bullish with lower highs since February 2016.
Volume on $CIBR is trending up with higher highs suggest there is building strength for further upside.