PYPL
PYPL UPDATE - GO LONG! Gap filled for now. Long. I bought my initial 100 shares at the first gap fill that I have charted.
I will scale in 50 shares at each support level with powder for 200 share buy and leaps if we ever do the bear scenario. That pivot is strong and paypal is (imo) the best fintech out there.
Follow the trends and stay safe.
PayPay - PYPL BUY ZONEAll trends are up. Both daily and weekly charts. So the current downtrend is just an adjustment, which is a good sign for investors who want to own this PYPL stock.
Its current price is $ 266, and its net calculated value is currently $ 305. Therefore, the future growth expectation of this stock is very high, and in addition: this company is making a very stable profit.
PayPal impressive breakout but... Great stock to own and an impressive earnings breakout after a 2-week rally that took it nearly 28% upwards. Currently overbought on all long-term timeframes and I expect it to take a breather and retest the previous uptrend TL before the next move to 320-330.
Target range 265-275 for an entry. Worst case scenario is 255 IMO.
PAYPAL correction and price levels LONGPYPL reached ATH, but if the trends should stay healthy, we should go through some price correction.
I know it is a good STOCK with significant potential. The price is going higher because of the covid situation and payouts for freelancers, but I am selling now, and I am gonna wait to buy again for a better price. The growth of profit has already been included in the price of PAYPAL stock.
ENTRY LEVELS LONG:
$263
$254 STRONG BUY
$224 STRONG BUY
WATCHLIST - WEEK OF 2/1 - 2/5QQQ broke the 20 day MA on Friday. Would love to see that level reclaimed for more upside in the market. Here are some levels I see for this week (note, these are intraday levels - not swing levels). Of course, this is just my opinion and I am not liable for your trading decisions.
INO calls over 13.1 or 13.7
CRWD calls over 218.25
BYND puts under 177
JMIA puts under 54.3
If the market rallys this week then calls over 60 will work too
PYPL puts under 232.6
The PayPal 90 Day Bitcoin ChallengeOne of the reasons most investors (I'm talking long term investors 3-5-10 years out) lose money is they have no Plan, no Strategy, and no boundaries. Many that start out with a plan and strategy get emotional during periods of volatility, such as this weekend, and tend to sell out at the wrong time, only to buy back at higher prices resulting in portfolio erosion.
The most important aspect of investing is having a plan, strategy and boundaries. So before we get into the challenge, lets take a look at the broader picture, set our broader targets, and then devise a plan to invest for the long haul.
As we tell our members, without a plan and strategy to execute, you are simply a ship on the ocean without a rudder and with no course or direction floating on the ocean to nowhere.
First we start with Target Levels and reasonable Time Frames:
IF you see someone calling for a 100k target and they are using a daily chart or even worse yet a 4 hour chart all I can say is run forest run. For 3-5-10 year time frames we look at no less than the weekly, but for purposes here we are using the monthly.
Starting with the broader trend line it is reasonable to see Bitcoin 100k over the next 2 years. Also reasonable to see 250k over the next 5 years IF the trend continues. I say IF because we have no idea of what the future beholds, but clearly the trend is higher, and we want to stick with the broader trend.
We are also likely in a broader 5th wave of the multi year market cycle, so maybe we exceed 100k in the next year, maybe we don't. I don't know, you don't know, the furus on TV don't know, but it is within reason for Bitcoin to hit 100k over the next several years, based on the overall trend.
Now we set a Plan:
Ohh golly gee, Goldbug is once again buying the highs. Yeah ok where are all the trolls that for two year critiqued my 13,500 purchase or the 4500 purchases not to mention a few others in between? Who wouldn't want to own Bitcoin at 13k now, or even the prior high at 19k? Those prices are Likely gone, I say likely because you never know.
What I want to do here is build up a position for the long term, and I don't give a crap what happens on the daily let alone 4 hour chart, I am thinking long term here. I also want to limit my exposure. I am not going to mortgage my house or blow up my credit cards to buy a position that may or may not work out. However I do have excess spending cash every week, you know that money I spend on Starbucks, going to dinner, buying stupid crap.
So my plan is to simply reduce my spending on crap, maybe it is only $50 a week in your case, maybe it is $500 a week, either way I am going to put half of my crap spending into the market here for the long term. So how do I do this? I form a strategy, and what is nice is PayPal has made it so easy to do now.
The Strategy:
My strategy is simple to start, so if you are new to Bitcoin and have been wanting to get in but are afraid to buy the highs, or simply want to increase a current position that you already have, or add another strategy to your others, this is a simple strategy using PayPal's easy access to buying Bitcoin.
I am going to buy $30 a day at the end of every day for the next 90 days regardless of price here. Not going to use any charts, not going to think about it, just simply going to buy ever day and will track how it does. After 90 days if I feel comfortable I will continue but we need to set boundaries otherwise we are just blindly buying.
Boundaries:
As long as Bitcoin remains under 60k I will continue to add. Above 60k I stop adding Bitcoin but continue to accumulate cash and sit. Once Bitcoin hits 100k or is close to it, I will trim out a percentage of my position. Above 60k, I will then only buy % pullbacks that are pre-determined.
Am I going to get rich doing this? Probably not. Am I going to build my wealth over the next 3-5-10 years implementing this simple plan and strategy? Well even if Bitcoin goes back to 10k, which is doubtful, I will have more money than if I spent it on useless bull crap that I do every day. So I am cutting into my discretionary spending which has a long term value of zero, and putting it into something I believe the value will go up.
PayPal:
PayPal makes buying Bitcoin easy and effortless. No longer do you have to go through all the crap we did pre-2019 to buy some Bitcoin. You can buy as little as $1.00, but with the fees, $25 is where I want to be. So if you can't do $25 a day, do it weekly, or monthly, or you adjust the strategy and boundaries to suit your style of investing.
For years we mentioned once mainstream is able to buy easily it will be a game changer. We are seeing the evolution before us, yet still people get overly excited because Bitcoin pulled back 20% in a day. Though they are long term, they get cold feet and blow out their entire portfolio many of them. Then when a Big pullback does not evolve, they are left buying at levels higher than they sold, and this leads to portfolio erosion.
For example you had 10 Bitcoin, saw a 10k pullback and blew out your position at 34k. Sure you have 340k in cash, but what if Bitcoin breaks higher from here and does not pullback to 24k? What if it pulls back and you get cold feet and stay in cash. Next thing you know Bitcoin is at 40k and you go from cold to hot and buy back in. Rutt Roo you can only buy 8.5 Bitcoin and you now eroded your portfolio 30%. Do this over and over you could ride the whole move up and miss out on some huge gains. Why? Because you had no discipline to stick with your long term plan.
Believe me this happens more often than you think. The sidelines of the trend are full of those attempting to time the market with their long term holdings and slowly eroding their portfolio. Why? Because they had no Plan or Strategy.
I had a plan and strategy for buying a new Harley Davidson Road Glide Ultra with the Stage 4 kit and upgraded sound system. I bought 1 Bitcoin at 4500 just for my new bike. Had I went out and bought the new bike on payments or cash, I left all that money on the table. My target is 60k, I will have enough to pay taxes on Capital gains, buy the bike and a little cash left over.
My point is I decided my long term goals are more important than my short term desires. Decide for yourself if your desire to spend on useless crap is more important than your long term goals? Cut this by 25% even 10% can put you on the path to making you wealthy in the long term. In an age of instant gratification it can be tough, so here is a good way to form a great habit and put you on the path to wealth. Takes approximately 66 days to form a habit if we do it for 90 days, hopefully those that take the challenge will continue.
Being successful in long term investing starts with having a Plan, strategy, and the discipline to stick with it. PayPal has made it so easy to do with Bitcoin and others, and that is why I am putting out the PayPal Bitcoin 90 day challenge . Join if you want, modify it to suit your means, tell your grandma, share with friends, and in 90 days we will check back in and see where we are at. I think most will be surprised, to say the least, at how a little modification to your daily spending, can result in long term gratification.
Mark the calendar March 20th to see how we do, and of course we will track this for our members.
The reason I am putting this out there is I continue to get the questions "where should I buy?" The first question is what is your goal! Long term goals start with a long term plan. IF you are long term stop watching the 4 hour charts, stop following these Furus shilling crap coins, buy quality, buy often, forget about price and focus on the broad term.
Thank you PayPal for making it easier to buy and sell than other sites out there. I am going to continue to accumulate as mentioned above for longer than 90 days, but if you can do it for 90 days, you likely develop a good habit that may not make you a Bitcoin Billionaire, but will put you on the path to being wealthy in the long term.
Also track your trading results, see if you beat the returns of DCA daily over the next 90 days. If not simplify your strategy!
PYPL Daily - Cup and Handle possibly formingPay attention to this on the daily throughout the week - cup and handle trying to form. Also this stock has been on an absolute rocket this year and nothing seems to be stopping it. Now, with the addition of $BTC to the Paypal platform, look for it to continue running.
No position as of now. Will look for LONG calls this coming week.
PayPal SHORT swing - PYPLPYPL stock is reaching BIG RESISTANCE around $253. It is a good opportunity to realize your profits before a possible correction. If you want to short, the target price for SHORT profit is $207. I recommend PayPal price around $200 as a good entry-level to BUY this stock if you want to hold it longer. A price of around $180 should be perfect to jump on the train with a bigger position.
PYPL LEVELS:
$253
$242
$207
$200
$180
PAYPAL AnalysisFor people who bought PAYPAL share, enjoy your profits that you made by using EngineeringRobo's BUY signals.
As of now, if you're holding PAYPAL share, do not hurry to sell.
You can sell at EngineeringRobo's sell signals.
Also, if you want to buy PAYPAL share, you can buy if the candles will drop back to my support level (205.07), or since the candles open-closed above my resistance level, this may be a good opportunity to buy.
After you buy, please watch out for EngineeringRobo's sell signals and consider selling it.
12/23 WATCHLIST + MARKET OUTLOOK (Warning!)** THIS IS PURELY MY OPINION AND I AM NOT LIABLE FOR YOUR TRADING DECISIONS **
Very interesting day today where even though we GOT the stimulus bill, the market did not seem satisfied. We remained under the major support (now resistance) trendline in red, which has served as support since the coronavirus low. There are 2 reasons this may have happened: (1)There is a big possibility that the market had fully priced in a large stimulus package, and is now asking "ok, what else can you feed me?" OR (2) Investors are scared of the covid mutation making its way through Europe.
Regardless of the reason, it is a particularly dangerous time for this to be happening because if you look at the put-to-call-equity ratio, it dropped to pretty much all time lows as soon as the stimulus bill was announced. This means that market participants are overleveraged on calls and expecting the market to continue going up (being greedy). While this is not a sell signal by itself, if the market starts to correct, we could see a big long squeeze as investors panic and offload their long positions. I would save the PCCE graph to your watchlist and check it frequently. It is essentially the chart that tells you when to be greedy vs. fearful according to the old adage: "When others are fearful, be greedy. When others are greedy, be fearful." A normal PCCE level is roughly indicated by the 2 white lines I've drawn on the graph.
My bias going into tomorrow is neutral. However, the market doesn't care about my opinion and will do what it wants, and I will trade what it gives me!
The watchlist from yesterday went absolutely nuts. Highly suggest finding your favorite setups and focusing on those. Don't worry about missing a play! There are opportunities every single day.
WATCHLIST 12/23
Recall that my trading style is short scalps and intraday options. These are not swing levels.
ZM calls over 409.1
BABA puts under 255.4
BLNK calls over 49
PENN calls over 96.65
PYPL calls over 244
SQ calls over 243.4
MRNA puts under 123
NVDA calls over 531.8
WKHS calls over 23.45
TWLO calls over 374.7
NFLX calls over 527.6
NASDAQ:PYPL Paypal stock price forecast, Buy, Target 335PayPal (NASDAQ: PYPL)
Trade : Buy
Entry : 220
Target : 335 (115, +52.27%)
Stop : 183 (-37, -16.82%)
Posted on Tuesday, December 15, 2020
Note : PayPal stock is expected to rise higher. Even though I don't know how high it will go, I think it will go very high. Resistances (targets) could be 273 and 335. Support could be 183 and 160. As digital payment stocks, Apple (NASDAQ: AAPL), Square (NYSE: SQ), Visa (NYSE: V) and Mastercard (NYSE: MA) also look very good. Perhaps, they will get people's attention in 2021-2022 again.