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Bitcoin Testing $51k Cryptoanalyst Michaël van de Poppe believes that a break out past $51k will result in further upside moves, stating in a Youtube update: “The moment that Bitcoin is breaking out of this $51,000 level, the chances are that we just get one vertical candle towards $58,000, or even $60,000,” He added that if this happens, Altcoins, which this week have gained considerably, may lose out heavily against BTC. At the time of post, the ETH/BTC pair was consolidating prior gains, barely up 1.81% on the day. On-chain data is showing more and more similarities to mid-and late-2020 — the launchpad for Ethereum and Bitcoin bull market. Glassnode noted ”After a period of moderate $BTC inflows following the May Sell-off, Coinbase has seen a large outflow of coins.” Stating: “On-chain activity on both chains has remained quiet relative to bull market highs, even as price momentum continues upwards, and bullish trends in supply dynamics remain in play. Notably, current activity on both chains is similar to the stable pre-bull accumulation range established in mid to late 2020,” IntoTheBlock’s shared insights indicate a comeback of BTC whales and institutional players as the number of large transactions on the network with a value of $100,000 or greater continues to grow.
COINBASE:BTCUSD
by betsygain738
1
EURGBP long opportunity 👍GBP news is causing some moves and our edge script is picking the opportunities up. EURGBP H1 strategy is the pair for this idea. Entry details are shown on the chart. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Long
by pow_removetheguesswork
A new Crypto has arived, ICPThe Dfinity Internet Computer coin (ICP) has arived, a brand new eco system ho have alot to offer on this market, an Blockchain based Cloud Computing that will form the next generation decentralized internet and in my opinion, a great future. On the ICP team are some of ETH members, with new ideeas and a new vision aboute Crypto. This is not a buy invitation, its just my opinion based on some research, and i think worth your atention, just keep an eye on this coin, it will be a surprize on the market. Thanks and leave a comment with your opinion👉
I
by VatamanuVD
XCUR is back on the upswing!XCUR has been in a down trend since its highs of mid-April. Around the 5th of May we had three key indicators showing that the trend was reversing. The MACD, RSI, and price all took bullish turns at this time. Since then, XCUR has come back and tested the 50 day moving average and held the line nicely. Additionally, XCUR has some bullish news coming out over the rest of Q2 (also the release of an app). With alt-season around the corner, XCUR looks like a nice hidden gem to get into while the prices are still low. Please like, comment, and follow for more! Trade at your own risk
Long
by zsamochin
1
$NEXT & OLCV Sign Term Sheet for CO2 Transportation and StorageNextDecade, Oxy Low Carbon Ventures Sign Term Sheet for CO2 Transportation and Storage in South Texas today announced that they have executed a term sheet for the offtake and permanent geologic storage of CO2 captured from NextDecade’s planned Rio Grande LNG project in the Port of Brownsville, Texas. Under the terms of the agreement, OLCV will offtake and transport CO2 from the Rio Grande LNG project and permanently sequester it in an underground geologic formation in the Rio Grande Valley, where there is vast CO2 storage capacity, pursuant to a CO2 Offtake Agreement and a Sequestration and Monitoring Agreement to be negotiated by the parties. finance.yahoo.com
NASDAQ:NEXT
by AlenCiken
1
FANS is ready for the next reboundAfter the strong performance based on great news in February 21 there was an overreaction by investors that were selling afterwards. The result was a pull-back to around 1.35 CAD $. Also based on Stoch RSI indicator the stock is oversold at the moment and seems to be ready for a turnaround. Today's news regarding the application for U.K. Gambling Licenses is very promising. It seems to be realistic to me that FANS will be able to climb up to 2.50-3.00 CAD $ by the end of March.
F
by the_realone
Ascending Triangle in Vivocom - Time to Skyrock?In the past 3 months, VIVOCOM MYX:VIVOCOM formed an ascending triangle with accumulation characteristics after collapsing from a parabolic run up. Last week while the market was in a correction as spooked by the sharp rising US treasury yield, VIVOCOM went up from 0.935 to 1.05 without pressured by excessive supply. Will the RM3.8b sand supply contract act as a catalyst for VIVOCOM to start the markup phase? Let's analyze the price action with volume spread analysis (with the Wyckoff analysis concept) to uncover the telltale signs and potential targets for VIVOCOM based on point and figure projection.
VLong
by mingjong
L&T | AnalysisAs we know Budget 2021 of INDIA has been there and its main focus is on the infrastructure. So, It may be good to have a Good Stock based on this in our watchlist. So, Let's come to the Point, Should you buy this Stock ? Let's See the Analysis first and then we'll conclude the Buy/Sell Call --> In the Chart we can see that the Rectangular Range is there which is tested well and Price is fluctuating in it for a long time. Also, In the hourly chart we have the Descending Triangle which serves as the reversal pattern because Bears are pushing the price at the same level while Bulls are not able to. As a result, Descending Triangle forms with trendline at the top with decreasing buyers momentum and Baseline at the bottom indicating the constant seller's momentum. But RSI indicates that there is a support and It can jump from there, So, We should wait for the breakout. So, at the end we have two different scenarios that are either the stock will follow Path 1 or Path 2. So, wait for the breakout and follow the Path accordingly.
NSE:LT
by alphadecodetrade
Week in a Glance: Wall Street nightmares, the Fed and US GDP The main event of the past week was, of course, organized attacks by retail investors on the shares of a number of companies. We wrote about this in our previous reviews, in fact, absolutely everyone has already written about it, so we will not once again describe the essence of what is happening. Let's talk better about the consequences. Based on the current situation, we can talk about a local revolution in financial markets that can significantly reshape them. At a minimum, everyone on Wall Street will now monitor the largest forums and chat rooms to earn an extra penny or defend against future attacks. But on the whole, it is clear that the status quo will be violated. Moreover, both by market methods (for example, a sharp rise in prices for option contracts and a decrease in the potential of gamma squeezes) and non-market (regulators have not yet said their word, but it is obvious what they will say). In the meantime, retailers are seizing the moment and continue to attack new companies, wreaking havoc and anarchy on Wall Street. Among other events of the week, it is worth noting the meeting of the FOMC, which finished without surprises: the rate was left unchanged, as well as other parameters of the monetary policy. At the same time, Powell confirmed that this state of things will remain unchanged for the foreseeable future. The data on US GDP, published on Thursday, came out slightly worse than analysts' forecasts (4%), but on the whole they cannot be called a failure (after all, the country was in a lockdown for half a quarter). Although it is worth noting that the annual GDP fell by 3.5%, which was the worst year for the United States at least since the end of World War II. The coming week will definitely not be a week of respite after a busy previous one: statistics on the US labor market (including data on NFP), the Bank of England meeting, Eurozone GDP, as well as the further development of the confrontation between Reddit and Wall Street will not let anyone sleep well.
DJ:DJIShort
by Trade24Fx
Hamsters are still attacking, markets are in turmoil The main event of this week is the organized attacks of retail investors. Millions of financial lemmings attack poorly defended positions on a number of assets and got some impressive victories. The Wall Street giants, on the one hand, are at a loss, and some are even losing billions, and on the other hand, on a number of assets, daily intraday movements are (+/- 50%!), which makes it possible to earn hundreds of times more than before. We wrote about this uprising in more detail in yesterday's review, and in today's review, we note that events continue to develop, which makes financial markets very nervous. What if hamsters rush to storm not forgotten by God Blackberry or Nokia, but some of the companies on the go? This can lead to complete chaos. And that's scary, especially when you consider how overbought the market is. The markets were somewhat reassured by yesterday's US GDP data. Growth for the fourth quarter amounted to 4%, which, although slightly worse than forecasted, is overall quite a lot, especially when you consider that half of the quarter US economy was in lockdown. British Prime Minister Boris Johnson warned that the lockdown could last until at least 8 March. Against the background of this statement, as well as all the difficulties that British exporters and importers are now facing because of Brexit, it is extremely strange to see the pound at 1.37. So today we will actively sell it. The deal looks almost perfect: profit targets are measured in hundreds of points, but the risks are limited to tens of them. In general, under the current conditions, the best strategy, in our opinion, will be to avoid risky assets and return to buying the good old dollar, which, by the way, looks rather oversold.
TVC:DXYLong
by Trade24Fx
Reddit vs Wall Street, FOMC and key earnings Yesterday was quite eventful, if not for news, then for price fluctuations in financial markets. The day began with the usual growth in demand for risky assets, but with the start of the American session, fear appeared on the market, which provoked a decline in the stock market, as well as some strengthening of the dollar. At the same time, in general, there were no particular reasons for such a rapid change in sentiments, which is quite symptomatic. As for the possible reasons for worries, we can only mention the meeting of the FOMC. But this reason is very weak, because the US Central Bank did not change the parameters of monetary policy, which was expected. This means it should not have provoked an emotional outburst. The largest technology companies in the United States reported yesterday: Apple, Facebook, Tesla, as well as a number of other major players in the US stock market. Everyone expected a repeat of Microsoft's success. In fact, it turned out that way. After all, 2020 was a very successful year for the tech sector. Which, however, in no way justifies its current prices. So our position remains unchanged in 2021, we expect at least a powerful correction, and as a maximum - a full collapse of the bubble. Speaking of bubbles. A very interesting battle has unfolded between Wall Street whales and small investors and traders. The latter decided to punish the hedge fund Melvin Capital, which sold all sorts of doomed companies like GameStop, BlackBerry and others. So, millions of retail traders rushed to buy the shares of these companies, as well as a number of others that the hedge fund Melvin Capital was selling. As a result, stocks skyrocketed hundreds of percent, and the hedge fund lost billions of dollars. But it was supported by Ken Griffin (founder and owner of Citadel) and Steve Cohen (founder and owner of SAC Capital), who invested $ 2.8 billion in Melvin. So far, the epic confrontation continues. Considering that the current stock quotes, which are dispersed by Reddit users, have reached absolutely insane values, we would bet on investment whales, that is, the sale of GameStop shares can literally make anyone who dares to sell them rich. The fall of these stocks is actually inevitable. The only question is whether it will take place today or tomorrow.
NYSE:GMEShort
by Trade24Fx
IMF forecasts, Fed and stock market monsters In terms of news, yesterday can hardly be called oversaturated. The UK labor market was not as bad as it could be. The IMF has updated its forecasts for the world economy in the foreseeable future. On average, 5.5% growth is expected in 2021, which is 0.3% higher than the previous estimates announced in October. Perhaps this information explains the surge of optimism in the financial markets that was observed yesterday. Markets may receive another dose of positive today this time from the Fed. Almost for sure the positive will not consist in further easing of monetary policy, which would be ideal for buyers in the US stock market. Rather, we are talking about a certain status quo in its current form. Markets are waiting for confirmation that the current ultra-low rates and quantitative easing program are for a long time. And if suddenly this does not seem enough to the markets, then today the real monsters of the US stock market will publish their financial results. We are talking about Apple, Facebook and Tesla. Microsoft already made it clear yesterday that the tech sector felt like a fish in water in 2020. It is likely that today, after the market closes, similar conclusions can be drawn after the report of other titans. In general, the bubble has every chance of continuing to inflate. And on this occasion, we recall one of the fairly well-known statements: “The market doesn’t end with some terrible burst of bad news. It ends when things are pretty darn good, but not quite as good as yesterday”.
DJ:DJIShort
by Trade24Fx