LONG BZRX - BZX network leverage, borrowing, and lendingLONG BZRX -BZX Network
1. ACCUMULATION on VOL PROFILE
2. bullish MACD divergence on 4 hr
3. oversold
bZx is a financial primitive for shorting, leverage, borrowing, and lending that empowers decentralized, efficient, and rent-free blockchain applications. Fulcrum, originally launched in June 2019, is a DeFi platform for lending and margin trading built using bZx. Fulcrum enables users to collect interest by lending assets, and to enter into tokenized long or short positions at up to 5x leverage. Fulcrum 2.0 was launched in 2020 and is twice as gas efficient as its predecessor. Also built with bZx, Torque is a DeFi platform for borrowing assets instantly, with indefinite-term loans and fixed interest rates.
The most important thing that sets the bZx Protocol apart from other decentralized lending protocols is its commitment to developing the most decentralized solution possible. The bZx Protocol is currently the only lending protocol to make use of decentralized price feeds for calculating interest rates and our unique architecture makes it so the gas fee associated with using bZx does not increase along with the number of assets supported by the platform.
BZRX is the governance token of the bZx protocol. BZRX token holders can vote to upgrade the bZx protocol as well as stake their token to begin earning a share of bZx protocol fees.
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Lending
Banks Predicting a Crash!This is an updated version of the multi-year topping pattern of the S&P 500 I've posted a few times now. The previous post is linked below in Related Ideas.
The situation today adds to the previous update... we've continued the massive rally, extending this historic bull market even farther and poking over the megaphone top. We've recently had some downside and fallen back into the pattern. The recent rally has extended the downside target of the megaphone pattern even lower. Interestingly the predicted downside target now points right to the lows of the 2000 tech crash and the 2008 financial crisis.
Do I still think we're headed into a bear market and likely below the bottom of the Megaphone? YES! There is no rational argument for the market continuing higher. Bull markets eventually die and bear markets are born. This is true even if the Robinhood traders are too young to have ever seen a bear market.
Despite a terrible economic environment due to covid, everyone is long and chasing momo-stocks like TSLA and AAPL expecting the Fed to prevent any downside. Everyone has so ignored the potential downside and are long on margin, that brokers have started forcing a bit of restraint recently by increasing margin maintenance requirements (which restricts lending to traders). A similar thing happened as the 2000 tech crash started.
In addition to the brokers tightening lending, banks are also tightening lending and that's an even bigger indicator of an upcoming bear market. To see the clear pattern of bank tightening into bear markets, below is a chart of Federal Reserve data on bank tightening going back to 1995. Every time bank lending tightening goes above 40% or so, there has been a bear market and related crash. This year bank tightening for loans has shot up to over 70% and yet the equity market hasn't caught on yet.
See an image of data at the below link (or go to fred.stlouisfed.org search on "tightening" and find it yourself). The blue and red lines are bank tightening standards for small and large firms. The green line is the Wilshire 5000 to show what the equity market was doing at the time. Look at what happens when we get bank tightening spikes--NOT GOOD:
imgur.com (click on the image itself to make it bigger)
So it's not just me who sees a bad economic environment, it's most of banking (including brokerages). And they are doing something about it--they are making it harder to borrow, reducing their own risk. These bank actions not only suggests a bear market is coming, it can cause a bear market. The reduction of bank lending takes money out of the economy (as banks are responsible for most of the credit creation into the economy) and that can CAUSE a deflationary contraction just by itself.
This is long term data, so there's no specific timing on this. But the tightening has already happened and has not remotely started to decline. The economy is only continuing along due to government stimulus. Once a bear starts the market can decline for years. I'm surprised the market hasn't already crashed, but IMO a bear market can arrive at any time. Anyone chasing stocks higher at this point (especially on leverage) is nuts, again in my opinion.
In addition all the indexes look like hell with obvious double tops formed or forming. But that's a shorter-term comment for another post...
LONG AAVE/USDT on breakout of downtrend!LONG AAVE/USDT on breakout of downtrend! Aave is an open-source and non-custodial protocol to earn interest on deposits and borrow assets with a variable or stable interest rate. It also enables ultra-short duration, uncollateralized flash loans designed to be integrated into other products and services. Aave began as ETHLend in 2017 after it raised $16.2 million in an Initial Coin Offering (ICO) to create a decentralized lending platform. Later, they announced a parent company, Aave, which would house multiple different products including EthLend, Aave Lending, Aave Pocket, Aave Custody, Aave Clearing, and Aave gaming.
BZRX - DeFi - THE ONLY COIN I ENTERED IN THE LAST DAYSHello, as promised, here a brief analysis on the only coin of which I decided to build a long positions in the last days. Indeed, the mood is not very optimistic and Btc could face some more downward pressure, hence on all other, I am monitoring. The other one I am interesting to is YFI, but it is still very expensive.
However, this made BZRX to fall to a very interesting level, unlike most of other (defi) tokens.
This means BZRX is crap!
Well, it is not. It is not hyped and many traders overlook it, focusing on BZRX's more famous and traded rivals, which however, are still very far from being cheap.
We can consider it as a mix between a Dex and a lending platform token.
The bZx protocol is an open protocol
for decentralized exchange on the
Ethereum blockchain, it facilitates
peer-to-peer margin lending, shorting,
and leverage of ERC20 tokens.
Actually I think this coin is one of the best DeFi projects out there at the moment.
Please note that this is not a decentralized exchange, but a protocol for building a decentralized exchange on top of it. The protocol is BZX and its token is BZRX. It is connected to Fulcrum and Torque (I suggest you to read about them) and is already integrated with Kyber network.
As you see there is not much data related to the level of price we are currently, but it is crazily cheap compared to the recent highs and it trades almost at the July levels, before the DeFi frenzy started. I am buying it here. Targets on the chart.
always DYOR guys!
Let me know what you think in the comments
LEND.USDT (Y20.P4.E3).Macro.Bullish short termHi All,
Note: Another chart continuing off from the previous post, link supplied below.
Also note, log disabled on the chart.
As per the chart, another LIVERMORE cycle completed and I have scenario 1 more likely at this point than scenario 2 with a daily hidden bullish divergence.
Note how the RSI supports scenario 2 so far.
We also have BTC dominance dropping while the ALTs keep driving up.
Please give me a like or tick for this post.
Cheers,
S.SAri.
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12 HRLY chart
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LEND / BTC pairing
12 HRLY chart
DAILY Chart
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PREVIOUS POST
LEND.USDT (Y20.P4.E2).Macro.Bullish short term
Hi All,
LEND is showing a bullish tone in the short term however as we watch the bigger markets playing out, there is a grey cloud hanging over it. Over bought on the weekly with bearish divergences.
So I do lean towards a bearish scenario in the coming months for the SP500 and BTC (correlation).
This is not to say its a macro trend change, just a bigger correction to take place.
Hence I have factored this into this structure.
What's going for the ALTs is potentially US dollar dropping after a short rally in the coming months.
As I said in my previous post, the markets don't display a directional bias at this point but with a likely correction phase.
Please give me a tick or like for this post.
Regards,
S.SAri
Overview of LEND
Weekly perspective: Support line being the critical level to hold
LEND.BTC (Y20.P4.E1).Stalking gems in the making.no.2Hi,
This is a continuation from a series of posts about LEND, links are provided below.
OBSERVATIONS:
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> Trend line as per chart has confluence with the 12 hrly 21\34 EMA ribbon;
> Trend is intact with higher highs and higher lows on the 12 hrly;
> Indicators tell me that its likely we found support here and hence looking for a bottom turnaround on the KDJ and Phoeix;
> This could be the ABC correction and hence a consolidation pattern is likely to take place;
> BTC is ranging for support and likely slowly move up once its confirmed once again 11600 being defended - refer to my BTC post and its update;
THOUGHTS:
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> We can have an ascending triangle of some sort with ABCDE Elliot move, as per ascending horizontal triangles or a symmetrical one;
or we have a 123 impulse which is less likely because like LINK it takes time to get the momentum going;
> Looking for a bullish candle in the smaller timeframes, x2 candles will do it; eg 4 hrly;
Please give me a like or tick for this post.
Regards,
S.Sari
12 HRLY chart
4 HRLY chart
LEND against the USD\T
PREVIOUS POST
LEND.USDT (Y20.P3.E1).Ready for another big moveHi All,
I have not traded with LEND since I missed it the first time, however I feel this is another opportunity.
Really its 51/49% move as its very symmertical in the approach.
What's going for LEND is the following:
> Strong uptrend up till now;
> Current structure doesn't look like the traditional reversals, more so like BTC before it broke up (Crocodile formation);
> Smaller time-frame (charts below) shows that the pressure is upwards based on the CPR levels;
> Many of the DeFi ALTS have been consolidating, re-accumulating for the next stage up (I believe).
> The 2 Day chart below shows bullish candles to the upside. Weekly chart the same.
> 4 HRLY chart > indicator looks like a squeeze happening like others, before the made a move up.
What's your opinion?
Please give me a like or tick for this post
Regards,
S.Sari
4 HRLY chart
2 Day chart
Weekly chart
Some news:
Aave Revamps LEND Token Economics: Adds Staking, Liquidity Mining
Aave is overhauling its token economics by adding liquidity mining and staking to its protocol. The change is aimed at helping LEND holders capture more of the protocol’s growth.
A few minutes later
We are in an unprecedented fiscal experimentEconomic downturns are usually accompanied (and perhaps prolonged) by a tightening of private credit, as you can see on this chart of S&P 500 performance vs commercial and industrial loans from all commercial banks. Lending significantly lags stock market performance, but a downturn in lending generally confirms a recession, and an upturn in lending generally confirms a new bull market.
This time, however, is different-- at least in terms of the initial response. The rapid downturn in stocks was met with a huge spike in new private lending, encouraged by massive Fed liquidity, and the recovery of stocks was as sharp as the initial selloff. Now, however, lending has turned back downward, and it's possible that over the next year we could see the same tightening of credit that usually accompanies a recession. The Fed can increase bank reserves, but it can't increase borrowers' collateral or their appetite for risk in a difficult economic environment.
Does this downturn in private lending, like the previous ones, confirm that we're in a recession and that stocks will slide from here? Will the next upturn in private lending signal that we're back in a bull market? Only time will tell, but the results of this experiment will have huge ramifications for both policymakers and investors for decades to come.
Hat tip to @TayFx for help constructing this chart. Also check out his cool charts of SPX vs. M2 money supply and Fed balance sheet:
Z1P $7 LIKELY...(ASX:Z1P) Zip Co Limited offers point-of-sale credit and payment solutions to customers and providing a variety of integrated Retail Finance solutions to merchants across numerous industries, both online and in-store.
x2 Scenarios 1 Long, 1 Short
1.) Bull Flag/Broken Descending Channel Aim for $6.80
- Broken Descending Channel
- Bounce off .382 Fib Retracement
- MACD Cross & Spread 4HR
- RSI Neutral (Trending Up)
- Bullish Market Structure Created
- Long Term Uptrend respected
- 2.7:1 Risk Reward
2.) 'Potential Descending Triangle', Break Support, Fill the GAP
- Head & Shoulders Completes creating change in Market Structure (LINE Bar Style)
- OPEN GAP between $3.75 - $4.75
- Looking for a bounce once OPEN GAP fills
I am interested to see what happens to Price once EOFY Reports start to surface.
These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
Crypto Trading idea 1 - RCNBTCLooks like an simple trade to me. Great strength and overall backed by the trend where crypto lending products are pumping. The structure is very bullish and we could see Ripio follow Aave which has just had a strong pop. Despite the massive volatility it has held very well and it is creeping up. These trends usually end with a strong rally and don't just die down.
This is at least a 2:1 trade and the target could actually be much higher. I don't think it will top soon, but this could be a good first target.
From now on all my ideas will be recorded and stored here on TV. After missing another trade today by my own stupidity (not shorting the SPX at a level I had marked), it is time for me to take advantage of the Tradingview 'immutable blogchain'. I will try to write down and put out only the best ideas so that I can have a clean view of what is best and also be accountable to myself. Many times I have ideas I really like and never execute, so this could be a great way for me to do what I say (both as a reminder, having a better view and accountability). It will be a great way to get more people to get clean ideas which I haven't been sharing so far.
LENDBTC Fib ExtensionBroadening wedge, large possible returns if the wedge holds for a while, risky trade. However in this market risk often = reward. Horns are present on the 45min chart which may be a sign of a bearish move to come.
LENDBTC Descending ScallopAfter going on a massive bull run LENDBTC has made a retreat, this formation of a descending scallop however shows promise for bulls. Support zone indicated in blue.
LENDBTC cup and handle formationSetting up for a cup and handle formation, resistance at 1 fib level but i feel that if this occurs this will be broken easily. Something has sparked a bull run in LENDBTC whether it be fundamentals or whales simply wanting to make money. Perfect cup formation so far.. I realise price reached dotted purple line but I dont think that affects the formation.
LENDBTC Birth of 200 DMAReturn to regression trend most likely following another pump breaching the trendline. Hopefully for holders this drop will stop at 50 DMA. I have no idea why this coin pumped so hard, let me know in comments.
Will LENDBTC continue?LENDBTC update, more upward movement possible if massive resistance is smashed through.
BNB - Looks Set To Go Down...Even With LendingEven with the new FA of Binance doing lending. It still looks more likely for Binance to go down than up based on the overall trend of the market. I would be waiting for an entry. It looked good 8 days ago but now it has taken a lot off it's prize even with a stable Bitcoin.
LENDBTC Latest Technical AnalysisWe are doing Analysis of LENDBTC on 1 Day Timeframe.
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan
LendingClub: Could we see lower prices?I think LendingClub has a genius business model. Giving an alternative investment for the average person and quick access to capital for the average person.
However, this company is still losing money, they have had regulatory run-ins with the SEC, and have a Debt/Equity of 2.8.
This company is taking on a massive amount of risk without much industry moat.
From a technical perspective, I see the price trying to stabilize around $3.50, but generally still in a down trend. You can see the descending trendline on my chart forcing price lower.
LendingClub has a deal with Inuit to integrate turbotax, but this good news hasn't seemed to effect price. I expect to see lower lows here.
I'm considering becoming an owner at $2 per share.
Thanks for reading.
LEND Trading AdviceBuy Price: Yellow Line
TP: Green Lines
SL: Red Line
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. All targets will be reached within 24 to 72 hours as my prediction. But it's recommended to hold it for 6-7 days if any target not reached. Sell when you got some profit. I am sure, you will be get nice profit. Good Luck!
Looks Good? Leave a like, share and tell me in comments if my trading advices are working for you or I am just wasting my time and effort.
Thanks for visiting.
TSLX a trustworthy BUY for longThis company is doing better YoY and looks to be a stock set to surge. Wells Fargo has been making some Americanized purchases to try to build trust. Maybe this is one of them. WFC added about 3,211% of TSLX to it's portfolio according to it's May 1st 13F filing. I would wait for a perfect entry or buy now.