🤖 #BTCLIVE - 05.08 - #IDEA 🤖🤖 #BTCLIVE - 05.08 - #IDEA 🤖
70:30 Long-Term
Bullish:Bearish
Technical Analysis:
Current Status:
Confirmed a descending broadening wedge - since the 1st August with the latest to failed breakouts. These are particularly bullish patterns - based on historical data showing a 79% frequency of breaking up from them. In the same data set it is claiming a 33%, although suggest you ignore that. With options expiration there is expected volatility which could see the breakout happen today although based on the most recent rejection we have seen some good support come at the POC line and 20 DEMA was lying in wait just below too. If it breaks out again things are turning v.bullish although breakout is not confirmed yet.
Bullish Scenario
Breaking and retesting $23.4k will see a short term target of approx. $24k and a bigger term target of $25.5k
Bearish Scenario
A Break down and retest of $22.7k will likely start the descent to $21.5k at the lower range of the longer term - breaking down on that will spell major bloodshed.
Key News:
- Pornhub no longer uses VISA/Mastercard likely to fall back on Crypto
- Coinbase has received a class action lawsuit alleging the #crypto exchange made false claims regarding its business activities
- Options Expiration
- Elon Musk said to expect a recession
Metrics:
Exchange
+ Exchange Reserve - As the exchange reserve continues to fall, it indicates lower selling pressure.
- Exchange Netflow Total - Net deposits on exchanges are high compared to the 7-day average. Higher deposits can be interpreted as higher selling pressure.
Miners
/ Miners' Position Index (MPI) - Miners' are selling holdings in a moderate range compared to its one-year average.
+ Puell Multiple - Miner's revenue is decreasing significantly compared to the cost they put in. This could indicate that price is undervalued along with the increasing miner's motive to hold their coins.
On-Chain
+ aSOPR More investors are selling at a loss. In the middle of a bear market, it can indicate a market bottom.
+ Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins.
+ Net Unrealized Profit and Loss (NUPL) - Investors are in a Fear phase where they are currently with unrealized profits that are slightly more than losses.
+ Transfer Volume - The total number of coins transferred has increased by 315.00% compared to yesterday.
+ Active Addresses - The total number of active wallets used to send and receive coins has increased by 21.00% compared to yesterday.
+ Transactions - The total number of transactions has increased by 72.00% compared to yesterday.
Sentiment
+ Coinbase Premium - US investors' buying pressure is relatively strong in Coinbase.
- Korea Premium - Korean retail investors' buying pressure is relatively strong.
- Fund Premium - Investors in funds and trusts including Grayscale have relatively weak buying sentiment.
Derivatives
+ Funding Rate - Long position traders are dominant and are willing to pay to short traders.
- Taker Buy Sell Ratio - Selling sentiment is dominent in the derivatives market. More sell orders are filled by takers.
/ Open Interest - As OI decreases, it indicates investors are closing futures positions and possibility of trend reversals. In turn, this might trigger the possibility of long/short-squeeze caused by sudden price movement or vice versa.
+ Liquidation - 15624591.41 of short positions were liquidated in the last 24 hours.
Mastercard
Mastercard - Time to Prepare for Deep Correction up to 50%?Is there much left to squeeze out of the never ending bull run on Mastercard ?
Fundamental indicators: for the long time Visa and Mastercard were undefeated corporate giants with unbelievable circa 40% profit margins and growing exponentially since 2008 crisis. Let's look at some factors, if any, that may break this trend
Recession - warning macro signals suggest that world economies are slowing down and recession is possible within a year, this may be reflected in the forecast of the company
Eastern Europe conflict - ban on use of Visa and Mastercard in Russia will certainly have an impact on earnings
P/E - is quite high at 39x and possible correction may let some steam out of the overpriced stock
Technically:
Following the correction of 2020 which took a form of Running Flat (ABC, 3-3-5) it is very visible that the price is moving very choppy which usually suggests that there is not much energy left in the bull run and Ending Diagonal is developing
The Ending Diagonal takes structure of 3-3-3-3-3 and the current proposed idea indicates that waves 1-4 have completed and wave C of 5 is about to begin to update the high of $402
What's next - given that the last correction was nearly 540 days, the next one will be even longer once the Diagonal is completed. The shape and depth will be clear during the development but it's likely for the price to test levels of 250 (0.382x Fibonacci retracement) or even $200 which is 0.5x.
It will be clear what scenario is developing following the upcoming earnings report.
Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves.
Thanks
Mastercard Long term nice investmentHow to make a good investment?
1) Invest in something solid (Mastercad is an example with the market cap 317B)
2) the trend that always grows
3) find a minimum point (in this case on the average 200 at 1w)
4) pattern: ascending triangle
5) Buy and let it go (HOLD)
Russia has imposed sanctions against Visa and Mastercard !Russia has imposed sanctions against Visa and Mastercard . Starting from March 10, Visa and Mastercard payment systems stop servicing cards issued by Russian banks. In Russia, the cards will continue to work without restrictions, including business cards. Russia is switching to its own payment system Mir.
Cards issued by foreign banks will no longer work in Russia: they will not be allowed to pay for purchases in stores and make transfers to cards of Russian banks.
Stock Market EffectWeekly Time-frame
Still bearish in weekly Time-frame, we are bouncing in 0.618 and 0.786 fib lines support and resistance. We need to hold the area of support at $37,285 or lest we can expect more to the downside.
Awesome Oscillator (AO) is still Bearish Saucer. If we break the support we can see a drop to $28,667. once the stock market start dropping the Bitcoin can have crash up to 80% which it can reach up to $10k.
1D Time-frame
We are still in the bouncing area we had a long wick yesterday i hope all have taken profit. AO is bearish, Greed and Fear is 21. This is bullish for our trade. As long as we are above the support there is still chance to pump to the upside.
4H Time-frame
We are currently in a retracement again preparing for a massive move to the upside with long wicks to the upside during bearish market is normal if we break the resistance then we can make it as the new support. AO is bullish, don't give up yet. our trend opened lower high and lower low though but still we are in a Bullish Awesome Oscillator. A mirror from the previous trade which would most likely to happen ride the uptrend.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
MA Mastercard exposure to Russia and UkraineVisa and Mastercard restricted transactions in Russia as aggressive penalties on the country over the invasion of Ukraine.
Mastercard has about 4% of its net revenues from Russia, while Ukraine-related business accounted for about 2% of Mastercard`s 2021 net revenues.
My price target for MA is the $312 support while the buy area for a potential wick down is $292 - $305.
Looking forward to read your opinion about it.
Conclusions on the current context on MAToday, we will look at Master Card, a key name in the information & technology sector, with a market cap of 375B. As a comparative thing, VISA has a market cap of 484B
So, what are the main technical elements we can observe here?
1) The price has been inside a massive daily correction of 275 days, and a few weeks ago, we observed the breakout of it.
2) Now, we can observe a clear "throwback" (name to define the retest movement after a breakout on a bullish trend) that has been developing on the last 15 days
One of the fundamental aspects of the way we trade is understanding the current context and comparing it with historical data (that's why I love using the logarithmic chart)
As you can see, this is not the first time we have observed a correction of this size, and this has been a common behavior since 2007.
What's my conclusion on this?
Take all those corrections I have shown you in the Log chart, and check this concept "Drawing the corrections in the same way I'm doing it on the main chart of this post" after we have the breakout and the throwback, on average, trading on a new high its a great level to get exposure to a possible bullish movement. Of course, this is not working in all of them, but I can see an edge that I need to polish a little more before defining my final setup. (For this basic test I conducted, I placed stop losses below the throwback)
What if this keeps falling? Then you don't trade
What happens if you trade this and it's a stop loss? That's always a chance, to be precise, 50% of the time that happens to me, so make sure you control your risk (The general concept is 1% risk per setup) and only trade if your risk to reward ratio is equal to or higher than 1.8
Thanks for reading; I hope this was useful, and feel free to share your view and chart in the comments! Thanks.
Mastercard might tumble. MAShort term outlook.
Bearish outlook for gains at 345, then 329.
Completing a flat. More to come.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
Mastercard Inc. (MA) bearish scenario:The technical figure Triangle can be found in the US company Mastercard Inc. (MA) at daily chart. Mastercard Inc. is an American multinational financial services corporation. Throughout the world, its principal business is to process payments between the banks of merchants and the card-issuing banks or credit unions of the purchasers who use the "Mastercard" brand debit, credit and prepaid cards to make purchases. The Triangle has broken through the support line on 22/01/2022, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 12 days towards 327.08 USD. Your stop loss order according to experts should be placed at 377.68 USD if you decide to enter this position.
Britain's payments regulator on Tuesday last week fined five payments companies including Mastercard a total of 33 million pounds ($45.01 million) for cartel behavior involving prepaid cards issued to vulnerable people on welfare benefits. Mastercard received the largest fine of 31.56 million pounds ($43.04 million). The other companies fined were allpay, Advanced Payment Solution, Prepaid Financial Services, and Solution.
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BKKT Retracement Completed. New Price TargetsAfter a run to 50.80, now BKKT did a complete retracement and gives you the opportunity to ride it once again!
Cryptocurrency exchange Bakkt has a partnership with Mastercard to offer crypto debit and credit cards.
Thanks to Mastercard and Bakkt, businesses and banks will be able to issue their own branded crypto debit and credit cards to consumers who want them.
Bakkt also announced a separate deal with Fiserv .
Gavin Michael: “We want to provide consumer choice. We want to be able to provide the availability to use crypto currency in an everyday transaction,”
Bakkt also partnered with Google to allow its users to purchase goods and services using cryptocurrencies through the Google Pay wallet.
My short term price targets are: 11.60, 16.80 and even 27.60usd.
Looking forward to read your opinion about it.
BKKT 15K calls expiring today + Dark Pool Prints More than 15K calls on BKKT are expiring today. and those are the calls from the last month only.
The strike price varies from 14 to 75usd.
The price of the stock is now 9.08usd.
Yesterday we saw a volume of 32mil.
Besides the 32mil, Dark Pool Prints were 33Mil.
Dark pools are private exchanges not accessible by the investing public. Dark pools facilitate block trading by institutional investors who did not wish to impact the markets with their large orders and obtain adverse prices for their trades.
I expect strong intraday volatility.
i know it seems a little bit exaggerated, but i wouldn`t be surprised the see BKKT trading at 14-15usd.
don`t forget that on Nov 21 BKKT was trading at $50.80.
Looking forward to see how this trading day will end!
What is your opinion about this trade?
BKKT vision is to connect the digital economyBakkt taps into the $1.6+ trillion of digital assets across cryptocurrencies, rewards and loyalty points, gaming assets, gift cards and beyond.
BKKT allows consumers to aggregate digital assets, access liquidity and trade, transfer and pay however they want.
Cryptocurrency exchange Bakkt announced a partnership with Mastercard to offer crypto debit and credit cards.
Thanks to Mastercard and Bakkt, businesses and banks will be able to issue their own branded crypto debit and credit cards to consumers who want them.
How big do you think this can be?
Bakkt's also announced a separate deal with Fiserv .
Gavin Michael: “We want to provide consumer choice. We want to be able to provide the availability to use crypto currency in an everyday transaction,”
Is this the start of crypto adoption or what?
Bakkt also partnered with Google to allow its users to purchase goods and services using cryptocurrencies through the Google Pay wallet.
Buying BAKKT in this area looks like a great opportunity in my opinion!
My price targets are: 17usd short term, 26usd mid term, an 35usd by the end of 2022.
BKKT depends much on the adoption. in the most favorable scenario, we can see a spike to $60 anytime now.
MA - STOCKS - 17. NOV. 2021Welcome to our Weekly V2-Trade Setup ( MA ) !
-
4 HOUR
Strong selloff.
DAILY
Buying into the pullback..
WEEKLY
Expecting new highs after this small consolidation.
-
STOCK SETUP
BUY MA
ENTRY LEVEL @ 354.17
SL @ 339.55
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
BKKT Short Float 84.72% ! Ready for an Epik Gamma Squeeze ???BKKT perfectly touched the institutional support level of the Fibonnaci 0.618 retracement and now we see a doji trend reversal candle!
According to Finviz, the Short Float is 84.72%! I haven`t seen such a level since the GME gammasqueeze play!
About BKKT:
Cryptocurrency exchange Bakkt announced a partnership with Mastercard to offer crypto debit and credit cards.
Thanks to Mastercard and Bakkt, businesses and banks will be able to issue their own branded crypto debit and credit cards to consumers who want them.
How big do you think this can be?
Bakkt's also announced a separate deal with Fiserv .
Gavin Michael: “We want to provide consumer choice. We want to be able to provide the availability to use crypto currency in an everyday transaction,”
Is this the start of crypto adoption or what?
Bakkt also partnered with Google to allow its users to purchase goods and services using cryptocurrencies through the Google Pay wallet.
My price target is 66usd!
What is yours?
BKKT partnered with Mastercard to offer crypto based cards Cryptocurrency exchange Bakkt announced a partnership with Mastercard to offer crypto debit and credit cards.
Thanks to Mastercard and Bakkt, businesses and banks will be able to issue their own branded crypto debit and credit cards to consumers who want them.
How big do you think this can be?
Bakkt's also announced a separate deal with Fiserv.
Gavin Michael: “We want to provide consumer choice. We want to be able to provide the availability to use crypto currency in an everyday transaction,”
Is this the start of crypto adoption or what?
Bakkt also partnered with Google to allow its users to purchase goods and services using cryptocurrencies through the Google Pay wallet.
My call ok BKKT in the group was at 11.5usd, 15min after the market opening. Still holding to the moon. :)
MA daily chart , top of range, breakout to watch outwww.tradingview.com
On daily chart Mastercard is in range since nearly 2 months.
Volume may be interesting to expect a breakout anytime soon.
200 MA just above the resistance area may be dangerous.
If the price break the 200 MA and the range, it's gonna be a great entry signal.
✅ Watchlist
MA - STOCKS - 11. OCT. 2021Welcome to our Weekly V2-Trade Setup ( MA ) !
-
4 HOUR
Bullish market closure!
DAILY
Expecting more upside after a small pullback.
WEEKLY
Great long entries, following midterm trend.
-
STOCK SETUP
BUY MA
ENTRY LEVEL @ 352.97
SL @ 338.87
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
Short Sell Signal on MasterCard MAMastercard has been consolidating in a range for a while. It tries to go up but even at a small rise, there has been selling pressure building. Short Sell MA with SL 370 for targets much much lower levels.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.