Meta
Facebook will LeadFacebook should be strong in the coming weeks . expect these resistance lvls below to be taken out or reached.
R LVLS
330
337
355
367
Making moves into the Metaverse and publicly rebranding the name to focus on the METAVERSE is a big step for FB as it'll now be a whole different monster.
Coinbase 2021 DPO = Facebook 2012 IPOIdea: Coinbase = Facebook
The first 6 months after Coinbase’s DPO reminds me of Facebook’s first 14 months after its 2012 IPO.
The exponential increase over the last decade in the velocity of money and how it is exchanged in the markets seems to be a reason why a stock like Coinbase can do movements that previously took 14 months in just about 6 months. That’s 58% faster if we go along with exploring this idea.
As of today, Coinbase’s chart looks like it has been emulating Facebook’s. If we take a look into Facebook’s all time chart we’ll come across some interesting technical “coincidences” when extrapolating the 3.618 Fib extensions.
If we take the Fibonacci of the all time high of $44.62 and the all time low of $17.43 during the first 6 months of Facebook’s life we get a 3.618 extension of $118.33 that came into existence 4 years later. If we take that all time high of $118.33 and the all time low of $17.43 and we extrapolate and do another Fib extension, the 3.618 lands at $378.76; exactly where the bull run ended (as of today) for Facebook in September of this year. It took 5 years to get to that point from the previous 3.618 extension, but the path had already been drawn.
If we extrapolate Coinbase’s potential 3.618 future extensions, we get $1,022 and $3,138.
As of 2021, Coinbase sits at a market cap of $68.5 billion. In the banking industry, JPMorgan Chase sits at the #1 spot with $503.5 billion. If Coinbase gets to $3,138 (basically a 10x) that would mean that it would surpass JPMorgan and achieve a future market cap of $671 billion.
If Coinbase does a memeish move similar to what Tesla did recently, where it basically took over the entire car industry’s market cap, who knows where it could go. I don’t think this will happen this year or anytime soon, but if it took Facebook 9 years to get close to a $1 trillion market cap, and we take into consideration the exponential change in the velocity of money, it wouldn’t be that inconceivable to think that Coinbase can reach that valuation 58% faster, or in other words, 4 years (or let’s say 5).
What’s the likelihood of this scenario happening? Who knows really, but I think that it’s more probable than not.
We can take the following into consideration:
Coinbase hasn’t even started offering traditional stocks through its exchange. What will happen when/if retail gets the opportunity to trade stocks like Google and Apple through mirror synthetic tokens of their stocks? What will happen when/if Coinbase provides ROTH/IRA/Retirement products through their platform? What will happen when/if Coinbase integrates a social media platform? What if the future of the said Metaverse is not within Facebook but within Coinbase? What if businesses start generating more revenue through Coinbase sales funnels?
Just food for thought. Thanks for reading if you got all the way here.
*I’ve been diversifying my crypto profits into Coinbase stock since late April, from the $320s all the way down to the $210s. After June, every time it went over $260 I paused accumulating. Up till now, I’ve managed to average a $242 entry price. As of the moment, I’m in a hold position, and currently not buying. Wall Street has set a short term high sell target between $385-$600 and a low buy target between $160-$220. Only time will tell.
Facebook(Meta) history and bull caseI see the metaverse being a distraction for Facebook to try and leverage some of the negative media attention away from them for now. stock could have more downside all depends on how to respects the current downward channel.
i ultimately see Facebook and metaverse becoming massive!! in 5 years time meta will start to become the next fad and craze that everyone is talking about! they're investing and building it as we speak and i see so many applications where this can be used, gaming, entertainment, educational to name a few. This is the next step in the internet and Facebook will be a huge leader. they have all the right ingredients.
its down 30% from highs and in my opinion looking back historically its a good buy!
Facebook is Meta Facebook has changed the name to Meta.
Metaverse is a future iteration of the Internet, made up of shared, 3D virtual spaces linked into a perceived virtual universe.Games like Roblox are examples of Metaverse. Simply put, it is a fictional universe.
Considering the success of Roblox in Metaverse space, the future of Meta (Facebook) is very promising and the technical support levels are supportive of a LONG position.
Please like, share and follow if you agree with the analysis.
Note - the indicator S/R levels are invite only and can be accessed through my profile.
META Descending WedgeI will be posting some DD on META tomorrow. Check it out on reddit at r/DoctorStock.
Meta $MTA (mStable) - Binance listing - S/R flip complete - LONGMeta $MTA (mStable) - Binance listing - S/R flip complete
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Support / Resistance flip is now complete - this provides the launchpad for the next run up. ✅
The Meta $MTA (mStable) team has officially announced that the next Community Call is being held on Friday 16th April 2021 . ✨
We can expect further updates regarding development progress ( and maybe even exchange listings ) then. 🚀
Expect the price to continue on an upwards trajectory with increasingly rapid movements as time progresses towards the date Saturday 01st May 2021 . 🕵🏻♂️
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$MTA IS A STRONG BUY AT ANY PRICE UNDER $15 IN MY BOOKS!
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MTA: $2.65 | next big thingsimilar to Link Chiliz and BNB at infant levels
this is just establishing it's legs or following before
a gang of billionaires decide to fund sponsor liquidity to fresh highs
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loaded for windfall of payouts
Support ZoneWe're at a very important zone of support. Market correction has allowed us to retest critical support zones, which will determine a lot before this merger with META happens.
MTAUSD - Another attempt to break resistance at $8META makes another attempt to break the resistance in the zone at $8-8.3. Not a good time to jump in long at resistance (even despite a bullish ETH), I'd better buy breakout or near $7.5-7.3 (have a few bids there).
Disclamer: Still holding my stack from $3.6 avg as mentioned on Twitter.
Hit the "LIKE" button and follow to support, thank you!
Information is just for educational purposes, never financial advice. Always do your own research.
MTAUSDT - Long ScalpI think it's time for META to test $6.5 once again.
Hit the "LIKE" button and follow to support, thank you!
Information is just for educational purposes, never financial advice. Always do your own research.
MTAUSDT - Promising DeFi tokenBrief: Meta is the mStable protocol DeFi token that earns mStable assets for insuring mStable and rewards early users.
Almost pure speculation and high-risk trade, it could be a top already! But I believe it has a decent chances to make solid returns if alt season is just started and BTC won't plunge. Looks promising, theoretical token price relative to funds locked in mStable is still not too high (compare, for example, with YFI).
I'm already long from $4.0 avg.
Hit the "LIKE" button and follow to support, thank you!
Information is just for educational purposes, never financial advice. Always do your own research.
Metadium (META) Does 851%, Chart Update With Next MoveMetadium (METABTC) had a very strong wave recently after hitting a low in January that produced 850%+ of growth.
Prices went on to correct hitting below the 0.786 Fib. retracement support... This level is now sitting at 87 satoshis (0.00000087) +.
We are looking strongly bullish above this level.
Keep reading below...
Previous chart | Apr. 20
Namaste.
Metadium Clear Uptrend (Next Target Mapped + Support Levels)Metadium (METABTC) is on a clear uptrend, prices are now bouncing off EMA100/EMA50 and moving back above EMA10.
This can be just a bounce that leads to a lower high and more red... But knowing the market cycle we are in, the hidden bullish divergence and the move above EMA10, it is possible that a higher high will hit before the retrace.
Anyways, the important support levels are marked on the chart just in case.
Below EMA100 goes bearish.
Below MA200 blood/red.
Above these two levels, we remain bullish all the way.
Within the ascending channel, we aim for a higher high next marked with a dashed magenta line.
Namaste.
Metadium Preparing The Launch Pad | Easy 180% + Long-Term TargetHere we have the METABTC (Metadium) chart with short-term as well as long-term targets.
The main chart above has the short-term target mapped for you now that prices for METABTC are safely trading above EMA10 and EMA100.
This one can move soon.
Next is the METABTC long-term chart with 930%+ profits potential targets mapped
Prices are now trading above EMA10 for METABTC on the weekly timeframe.
This setup can lead to massive bullish action.
Thanks a lot for reading.
Remember to hit LIKE.
Namaste.
The rise of the braindead investorMarkets always change and strategies have to be adapted. Just like with games, the meta changes all the time. An all round good trader should be able to adapt and succeed in all metas, or almost all, as long as it doesn't get too stupid and too random.
Ignorant cognitive bias shoe shine boys have taken over. Just like in the 1920s. But worse.
I expect markets to keep going parabolic for a while, and in particular those trollish "investments" like Tesla and other scams surfing the "end of the world clomote shounje" wave.
Bushfire crisis definitely not caused by arsonists...
When earth was pangea and average temperature was higher by 20°K/C (36F) (so even mor eon pangea) earth was in a constant buring state right? How did all thois survive? The power of imagination?
We also can notice that alarmists, The Armageddonists as JPM calls them, get alot of attention. Nouriel Roubini got a Nobel Prize for "predicting 2008 crisis".
He is very bearish on the stock market since 2011 and on Bitcoin since 2011 too.
JPMorgan Chase 2 months ago published a nice article about The Armageddonists am.jpmorgan.com
Those retail very low level low skill investors are very emotional and at the same time ignore reality because "that's being emotional".
So we can expect all the obvious things to be important and to consider (sudden price movements that have nothing to do with true value, end of the world predictions being given alot of attention, rational thoughts being ignored, irrational markets, mini bubbles everywhere, etc, the usual that happens regularly since 1500).
I think TA will work more often also, since this is what retail learns, and makes buying decisions on some arbitrary made up indicators (or extensions) rather than on the value of a company.
The cycle is I'd say at around 90% by now.
First all the bears get killed, then one last parabolic move up with every one euphoric. Another 4 years of bull and another 4 years of Trump I'm guessing.
With the internet, comission free brokers, complete noobs "invest". They are gullible and fall for complete scams so this has to be taken into account now.
Not going to fight it for the next few years. I still have my dow jones target around 33k.
There are ways to profit from all this of course, this is for me to know and you to find out :D
They do everything opposite...
I will mostly continue to focus on Fx & hard commodities anyway. I like my clean & repetitive trades.
Stocks and indices will probably get alot of random (or maybe they are not random?) large spikes...
Got to give stupid news more weight now.
Gone are the good old days when you could ignore lunatics or just laugh at the kid that eats grass and vomite at school.
Now the more unimportant and ridiculous one is, the more markets will react to that person or group.
So we have to sit there and pretend we take seriously complete mongoloids that are convinced 2+2 is 5, a 25% efficient 50 times more dense energy source can be replaced by "just make electricity more efficient" (50 times 0.25?) or the earth is a sphere because "science" no matter the proof you show to them.
I really like the dead stock bounce strategy, Marc from the ukspreadbetting channel has posted some of his trade on youtube recently, he is making money from suckers (oh here I gave you a way to abuse this current situation), here is an example:
The secret is to be rigorous. The first part is you have to get in early after the new high is made, and if you missed out you stay away. Then price keeps going on as suckers notice it, read about it, or suckers that were afraid of buying start having regrets and finally surrender and buy. So you are front running the noobs.
The second part is once the price starts dropping you get out! Noobs will hold on by fear of missing out (and a few times they will "be right" and have survivor bias and think they wer"e geniusses lmao) but experienced skilled speculators just get out no question asked. It's so simple... yet most can't do it. If you manage to do this, naturally or via training, here is your lucrative strategy. Still it's grindy to go and scan all these stocks and look for the right ones read about them etc. Time actually has to be spent analysing this.
Apart from this DSB strat I don't really like much. I would just look for buys until the dow gets to around 33k and/or Trump presidency is over. Then maybe consider shorting the entire stock market especially if there is a catalyst at the same time.
Just going to stick to FX&Futures but they have their periods, and during certain times it gets so boring, and I spent so much time looking for new strats for those times but haven't found much, it might be interesting to look at stocks actually. Or just go on vacation.