BITCOIN 12H TA : 08.30.22 (Update)As you can see, the price entered the FVG range and showed a negative reaction, until now the price has moved according to the analysis and has yielded almost 4%! This whole range of FVG is from $20400 to $21100 and it can be said that you can start saving profit in this range!
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👤 Arman Shaban : @ArmanShabanTrading
📅 08.30.2022
⚠️(DYOR)
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Metaverse
$GMT/BTC 12h (#BinanceSpot) Descending channel breakoutGreenMetaverseToken is pulling back to 50MA support where it seems likely to bounce and resume bullish.
Current Price=0.00004525
Buy Entry= 0.00004405 - 0.00003909
Take Profit= 0.00005585 | 0.00006754 | 0.00008183
Stop Loss= 0.00003318
Risk/Reward= 1:1.7 | 1:3.1 | 1:4.8
Expected Profit= +34.35% | +62.48% | +96.86%
Possible Loss= -20.18%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1-2 months
Tags: #GMT #GMTBTC #STEPN #Web3 #NFT #Metaverse #M2E #Social #App #Gaming #GST #BSC #Solana
Website: stepn.com
Contracts:
#BEP20 0x3019BF2a2eF8040C242C9a4c5c4BD4C81678b2A1
#SPL 7i5KKsX2weiTkry7jA4ZwSuXGhs5eJBEjY8vVxR4pfRx
August 27 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
Federal Reserve Chair Jerome Powell said in his Jackson Hole speech the central bank won’t back off in its fight against rapid inflation. Bitcoin is down 5.66% over the last 24 hours and fell to an intraday low of $20,106.95. The cryptocurrency market plummeted alongside the traditional equity market after Federal Reserve Chair Jerome Powell delivered his speech because the market expected the Fed is going to maintain a tough stand against inflation. For now, If the bulls could not hold the price above $20,000, Bitcoin could decline to $18,000.
Today’s Cryptocurrency Headline
Sui Launches Its Blockchain Browser
Sui, a Layer 1 project founded by the former Meta team, announced the launch of its blockchain browser, Sui Explorer, serving as inspection and analytics tools for users and developers to troubleshoot, confirm their activities, and verify holdings on-chain.
Sui Explorer is designed to accomplish the following:
Keep the most updated and accurate on-chain data, activity, and metrics
Enable lookup, verification, and tracking of all assets and contracts
Be a fast, reliable, and transparent tool for debugging and auditing
Offer useful smart contract development and features unique to Sui Move
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
META to $147.35 (Short -10.8%)meta platforms has experienced a strong sell for sometime and rejected the $155 mark 3 times....but still failed to rally up.
Aacording to my resistance at $172 at 61.8 fibo region. i expect meta to short to $147.35 precisely (there can be a possible rejection at $155).
this will be a $17 off this stock!!!
Other way round, if there's a buy clear breakout of my rejection zone then meta will short from $172 to repeat it's two times rejection at that resistance
$CHZ (Chiliz) Daily Update : +150% ✅And this is the update of Chiliz : These days, contrary to the main market trend, we have seen a good pump from $CHZ , and since its introduction and first analysis , it has yielded more than 150% ! Considering that it has reached an important supply zone , you can take your profit (short-term and medium-term traders ) and the holders can still keep it for higher targets!
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 08.24.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
ETHEREUM's target reached : +85% ✅Important Target Reached 🔜 +85% ✅ You may Close at least 50% of your position and take your profit !
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 08.14.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Ethereum To $2200 But Then What? As the merge from proof of work to proof of stake gets closer for Ethereum there has been a bullish relief wave hitting the market. I do believe that Ethereum is leading the charge in this relief rally as the merge will have a major impact on the entire cryptocurrency market.
Ethereum on the weekly looks like it's on an up trend to hitting $2200, but be cautious because I do believe we're still in the early stages of a bear market. I could be wrong but as I've been saying we haven't been moving sideways for an extended period of time just yet and the market is still very precarious.
I do believe we will eventually revisit a $1000 Ethereum or lower again as we go deeper into the bear cycle. As of now I'm waiting until we turn red again to dollar cost average in. The whole game plan is to accumulate heavy as close to the bottom as possible. I like others believe we still have a ways to go before we have a true bottom. Take it with a grain of salt because I could be wrong.
Is $META a VALUE TRAP stock??I've been keeping an eye on this stock during the last year. In the beginning, I couldn't understand the punishment by the market that this stock was receiving.
The stock lost around 60% of its price from its all-time highs in September 2021.
A company trading at 8X EV/EBTIDA and in a range from 13X-15X P/E in 2022 may seem like a value investing opportunity.
They haven't lost users on their platforms. However, businesses reduced their ADVERTISEMENT BUDGET.
Surprisingly, with changes in iOS 14.5 (Mid 2021), issues for advertisers who rely on META to sustain their businesses appeared.
The Q2 2022 Earnings proved the deceleration of META's growth. The stock crashed, while the rest of the techs were rising from 5-10%.
Don't take me wrong, META is a fantastic business. No debt, high margins, growth, buybacks, it has everything that the books taught us.
The USA Economy is in a recession, companies are going to cut costs in order to remain profitable (those who can). This means layoffs, caution in undertaking new investment projects, cutting advertisement budgets... and here is where META is going to be hurt.
META has pricing power and MOAT, the problem is that the demand for ads will decrease due to the recession (as we saw in the last earnings release).
META still has a lot to do in order to make Reality Labs a meaningful and robust stream of income in their business model.
For the short-term, I remain short for $META. But this doesn't mean that when things recover over the long-term, and the Reality Labs investment starts to flourish, we can see even higher margins in the company and more growth. This is the only way I see $META making new all-time highs.
From a technical point of view, if the price breaks the $155 support level, we can see it between $120-$140.
If it remains in this lateral channel, we can see it going up to $170-$180, even $195 if there is some kind of momentum.
Overall, I would prefer to stay out of it till it goes out from this bearish channel. I see the stock trading at $120-$140 till the end of the year.
I have some stocks for the moment that I'm planning to sell at breakeven ($180).
If I don't have the opportunity to sell now, I will HOLD them for the long run, probably add if I see it at $120.
SAND - Think Outside The SANDbox!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
SAND rejected a strong demand zone and round number 1.0 so we will be looking for buy setups on lower timeframes.
on DAILY: SAND formed a valid inverse head and shoulders but it is not ready to go yet.
For the bulls to take over, we need a momentum daily candle close above the gray neckline and red trendline.
🎯Targets => Our first resistance / target would be around 2.65 so I will be monitoring price action there.
If we break it upward (purple projection) then a movement till 4.7 would be expected.
Meanwhile, until the buy is activated, SAND can still trade lower inside the demand zone.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GUCCI now accepts APECOIN 🚀Hi Traders, Investors and Speculators📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
Great news for the cryptocurrency community, Italian luxury fashion house Gucci announced that it now accepts ApeCoin (APEUSDT) in a Thursday Twitter announcement last week. Gucci customers are able to pay with the help of a QR code that gets sent to them via email. They announced via tweet that they are now accepting ApeCoin payments via BitPay. Select Gucci boutiques in the USA expand the range of cryptocurrencies available for in-store purchases, yet another step in the Gucci House’s exploration of Web3. For the first time ever, holders of this crypto currency will be able to buy physical goods with the coin that was derived from the BAYC economy.
This is bullish news for APEUSD, and for the crypto community as market adaptation and reach will increase. The more participants a market has, the more stable and less volatile it becomes. Think Gold , bonds etc.
While you're here ! Check out this update on Ethereum ETHUSDT :
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CryptoCheck
APE - Scalp longReasons to take short:
⭐️ BTC bullish
⭐️ Squeezing to the level
⭐️ Accumulation 5 days
⭐️ Level is clearly seen on daily timeframe
⭐️ Buyer is pushing the price
⭐️ Over VWAP
Will enter when price squeezes to the level on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
ROSE 40% upside potential on breakout swing? ROSE has been consolidating in a fairly symmetrical triangle pattern since pumping to 9.5 cents. Consolidation looks almost finished as the rest of the market is showing a potential breakout. The measured move of this pattern would be just over .11. NFA, DYOR, always use stop loss in trading.
MANA Breakout of Inverse Head and Shoulders to 1.33 Area?MANA has been building market structure during the consolidation over the last 2 months and looks ready to breakout with the Stochastics reset on the 8h timeframe. A number of coins have had these breakouts but MANA finally looks ready for potential 36% swing on this trade. Not financial advice, DYOR.
August 3 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
Bitcoin is down 0.4% over the last 24 hours and fell to an intraday low of $22,661.80. The relative strength index (RSI) has decreased to 52, indicating the bulls are losing their advantage. If the bulls are unable to hold the price above the 20-day exponential moving average (EMA) ($22,582), the bears will attempt to pull the pair below the 50-day simple moving average (MA) ($21,323). Conversely, if the price bounces from the 20-day EMA, the bull will attempt to push the price above $24,000.
Today’s Cryptocurrency Headline
Dubai Formed Higher Committee for Future Technology and Digital Economy
The government of Dubai has announced the formation of the Higher Committee for Future Technology and Digital Economy to oversee the city’s push to become a leading global hub for metaverse technology adoption. Dubai’s crown prince, His Highness Sheikh Hamdan bin Mohammed will chair the committee. The committee is mandated to design policies and analyze trends for the digital economy and future technologies. These include metaverse, AI, blockchain, Web3, virtual reality (VR), augmented reality (AR), Internet of Things (IoT), data centers, and cloud computing.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
Meta analysis Long term.Meta is the big bet made by Facebook to corner the market on digital devices hardware currently causing problems for their other business models. The whole effort is a data wolf in sheep's clothing and precisely why they will compete long term with a decentralized metaverse from one of the big web 3 players the sandbox, decentraland, and the other side among possible other competitors in web 3.
In short Facebook and its various platforms compete with digital content companies of various backgrounds for the 18-29-year-old audience.
They do so with various products such as Video, Messenger, Whatsapp, Groups, Search, Workplace, marketplace, etc.
These software services want to collect data to sell to advertisers to predict what an individual will want. This requires knowing more about a person than usually they know. The problem for Facebook (now Meta) is that they don't control the devices this data is generated on. Apple and Google do and they don't take kindly to a data leech on their business model. Since they control hardware decisions Meta is up a creek when decisions like IOS 14 allow you to turn off the data gathering. This is Metas' biggest problem and why oculus is so important.
Snapchat challenged Facebook with filters and private messages and expiring messages capturing marketing dollars so facebook built a clone, stories, and Instagram.
Tik Tok challenged Facebook on short video stories capturing marketing dollars so Facebook built a clone, reels.
The bet is that metaverse interactions through either VR or AR will be the big new thing after short-form video as the primary method of interaction on the internet. Meta wants to not just be ahead of their next competitor and out of cloning and catching up territory but fully into controlling the hardware that is used to interact with such systems.
Horizon is their metaverse world which one can access through either oculus or eventual AR equipment through their partnership with Luxottica.
This is the pivot to Meta and much like other tech stocks, it has been hammered by the early stages of the current recession. Meta has big hoops to get through such as onboarding a population of users who need new hardware, and their future is rocky due to the past relationships with data from Facebook.
The future will see Meta compete with the global decentralized blockchain web 3 metaverses for control of the digital twin infrastructure represented by NFTs controlled by self-sovereign identities or DAOs in a fully digital economy that directs resources of automated systems of production.
The problem for Meta, in the opinion of this author, is they only seem aware of the interaction part of the business model for profit. They want data to sell to other companies. Meta doesn't seem to grasp the macro implications for the profit motive of production that a Metaverse enables. astoundingly, they're thinking too small.
Centralized Corporations will be most challenged and supplanted by DAOs given enough time in a sufficiently decentralized metaverse. There is a possibility that a subset of DAOs enabled by quadratic voting can capture immensely profitable internet functions of the modern world. In time due to competition on price and thus profit margin, some DAOs will rise to multi-national levels. Some DAOs could become big enough and faceless enough to rend populations from their governments by challenging the interests of power. Government regulation of such DAOs will be difficult if neigh impossible, especially if profit margins of too big to fail entities are to be maintained. In such a world DAOs would hold the keys to data that participants in the DAO contribute. Some subset of such DAOs would for profit sell their data to advertisers in ways voted on by the DAO members. Precursors to this exist already such as Brave and their token BAT.
Corporations destabilize government decision-making for their gain in a system designed as their sandbox. This author suspects DAOs as a disrupting force, are a possibility among the larger outcomes of various crypto ecosystems and their synergies in the long term. An exponential change in adoption of crypto more broadly could have that scenario happen sooner rather than later. But on the scale of decades, it's a distinct possibility.
For Meta, the question is can you own anything in such a world and sell it to anyone else, including data, or are they just happy to make a profit for now before that transition occurs? Do they play whack-a-mole with crypto project models much like their other competitors Snap and TikTok?
Whatever happens it'll be fun to watch zuck and his bucks while we make alien memes for the next few decades at least. All the best, see you on the moon.