Internet
Bitcoin is like the early internet"Bitcoin is like the early internet" we hear that sentence over and over.
The convenient thing is the internet and crypto, as we know them, both appeared the same year, in 1983.
So how about a simple side by side comparison?
* Note I have strongly overstated crypto adoption to make it visible.
As you can see, adoption wise, crypto is indeed like the early internet.
But the fact that is has been like the early internet for now almost 40 years, means crypto investors should not get their hopes up too much about it getting adopted.
Their best bet is that new buyers that think the price will go up show and buy their bags.
Not sure who will do that, now that the whole planet has heard about crypto & Bitcoin in particular.
Aliens maybe? Who knows.
I suggest creating a whole new type of crypto, call it etrash, and leave it there.
Would be the perfect end for this joke of a ride.
C'mon ... 40 years... Claiming claming crypto is as important as the internet or can ever be half as successful... Some people can't stop dreaming...
40 years and only use case has been being untraceable & buying drugs and kiddie porn. Crypto enthusiasts are nuts.
They should wake up from their dream and start doing something useful with their lives.
Cup and Handle with ZFGN, SFUN and CHAP. I'm also a penny fan!ZFGN has been showing the cup and handle pattern on its daily chart. With the shape of a flat "U" and a slight down drifted-handle on the right, ZFGN is considered a sign of bullish continuation. The length of its "U" period indicates the bottom has been consolidated and the risk has been shaken out. Volume remained lower than average in the base of the bowl, selling side liquidity sufficiently dried up. And on the right side of the bowl, we could see a bull volume expanded once again as the interests strengthened which is also an additional confirmation of a bullish sign.
As the handle been forming on the right side, a selling pressure against its prior high is taking place, but the good side is, it still shows a higher low which viewed as an essential sign as the stock got some big players or managers' attention.
So selling pressure is likely to make price consolidate with a tendency toward a downtrend for a period of days to weeks before advancing higher.
A trade set up could made from here with a stop loss at the previous low or even higher to the recent consolidating base as the two lines underneath price shown above. For the target level, I would rather consider the previous base that stock consolidated before the bowl in the past.
Cup and handle usually managed out the volatility risk as the ATR indicator is reaching to its yearly record low in this case, so only time and momentum(DMI, volume) matter to traders.
Besides, I also find some similar candidates such as SFUN, CHAP. All three of them are from a different industry( Biotech, Energy, Internet services), so this is where you should really concerned about. The dissimilarity among them are CHAP has a shorter "U" length and SFUN got lifted a bit already (volatility picked up), so you may take these factors into your trade set up to see if you are gonna play with the pattern or not.
SWKS BUYBuy signal at 123.10 $
Skyworks Solutions Inc . designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company's analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets. Its geographical segments include the United States, Other Americas, China, Taiwan, South Korea, Other Asia-Pacific, Europe, Middle East and Africa. This company develops 5G technology.
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China Internet ETF - Bull flagTechnical analysis
We tested resistance approximately at the $50 limit; and broke it on Thursday, January 2nd.
Now this resistance has become out short-term support.
A bull flag is forming today, as a continuation of the bull pattern.
Top 10 Portfolio holdings
Name - Symbol - % of ETF assets
Meituan Dianping - 03690 - 10.43%
Alibaba - BABA - 10.19%
Tencent Holdings - 00700 - 8.83%
Baidu - BIDU - 7.46%
JD.com - JD - 6.58%
Pinduoduo - PDD - 6.56%
Tal Education Group - TAL - 4.27%
NetEase Inc - NTES - 4.21%
Trip.com - TCOM - 3.45%
58.com - WUBA - 3.36%
Top 10 holdings % total = 65.36%
Market cap weighings = 65% giant cap / 25% large cap / 10% medium cap
DIREXION: New 3x ETF Poised for Gains in 2020This is a brand new (about 2 months old) leveraged ETF that was brought-about recently that looks fairly promising in my opinion for 2020. Many of the stocks in this etf actually have significant promise in 2020 and many of them consolidated in 2020 and actually have the potential to "grow" and "catch-up" to the broader tech sector.
As bullish as I am on precious metals and energy I am not bearish in the equity market for 2020 as I see low double-digit gains, hence there is still solid capital appreciation in certain sectors to be had.
This etf includes: Amazon, Facebook, Cisco, Salesforce, PayPal, Google, Netflix, Twitter and eBay. Most of these companies either consolidated or made some gains but not nearly the extent as the broader market for 2019.
I expect Amazon to gain 20% in 2020 and Facebook could soar 30 or 40% in 2020 as well; Salesforce is nearing break-out and Cisco is due for a rebound; Paypal and eBay are on the upswing; and Twitter and Netflix has mostly bottomed.
I would wait to see how the markets react to, or not to, a potential sell-off in the first 2-2 1/2 weeks of the new year.
- zSplit
High Basing Pattern as Wal-Mart Takes Market ShareIt's hard to say which traditional big-box is doing a better job adapting to the digital age: Wal-Mart Stores or Target . Both have successfully used online strategies to keep shoppers in their brick-and-mortar locations. That's helped avoid the kind of painful downsizing sweeping other retailers.
It's paid off recently for WMT, which beat profit estimates all four quarters in 2019. The shares got a little ahead of themselves the last time it reported on November 14, resulting in five weeks of consolidation.
During that time WMT formed a high basing pattern, or a very tight cup-and-handle. The December low of $117.42 was just slightly higher than the late-October low of $116.83. Plus, it held the 50-day SMA.
Fundamentals in WMT also remain healthy, with observers seeing the potential for its online grocery push to keep driving market share.
In conclusion, few people view WMT as a "growth" stock. But it's starting to act like one. And now it has a cup-and-handle, the classic growth-stock pattern from William O'Neill's classic How to Make Money in Stocks .
NASDAQ:AMZN
BIDU entry $105; hold for return to $200China stock Baidu is way down for the year and dipping this week on trade war news, but the company's earnings outlook has recently improved, with strong positive surprises on the last two quarterly reports. Based on analysts' revisions of the forecasts, I think this stock could see $200 per share again within the next two years. I should note, however, that December tends to be a bad month for Baidu, so rather than buy at the current price of $113, I suggest waiting to buy at the volume node at $105. (The average analyst price target is about $143.)