Bitcoin - A speculative look at the week ahead...Hey all,
Just wanted to share my weekend thoughts....
In a nutshell, I'm bullish for the upcoming week!
We had a lot of FUD last week and BTC´s price was clearly affected buy it. The smart money took their profit and we had a nice healthy (small) correction.
The smart money will start buying again.
Bitcoin normally doesn´t like to produce more than 3 red daily candles in a row and as you can see in this chart there are 4 before the last green one!
I believe $4K is our next stop and possible resistance. If we can break through the $4K mark, and hold then we could be in for a chance to finally properly smash the $5K price tag.
To play it safe wait for confirmation of a break in the descending trend line/triangle.
FUD & FOMO are like any chart, up and down. Next week I´m bullish on FOMO ;-)
I hope this simple chart helps.
Keep eyes on the $4K zone and get ready for I´m sure another fun week in crypto!
Safe trading to all.
Speculation
PIVX: My FAVORITE CHART right nowThe Daily PIVXUSD is CERTAINLY my favorite chart right now.
As all the other coins have fallen along with Bitcoin, PIVX held up nicely.
The levels are clear here, and clear levels are the most important thing for good analysis because we know our stops and targets clearly. If this thing gets moving, it could easily 2x, 3x, or 10x it's price.
We had a huge base build from April to August and now it's broken to the upside. The bigger the base, bigger the breakout - it's like rocket fuel.
Entry: Long above 3.00
Target 1: 5.00 (261.8% Fib Level)
Target 2: 7.00 (361.8% Fib Level)
Stop: Daily candle close below 3.00
If PIVX closes below 3.00, then it's a lost trade, but until then, this is one of the strongest patterns out there.
Remember, technical analysis is more about finding clear levels to trade against. High reward targets and low risk stops mean we can make more than a few mistakes and still come out ahead. A trader with a win percentage over 50% is just a lucky trader. But the best traders win 30-40% and come out ahead because they have good reward to risk ratios.
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!! PM me with any trading questions !!
MY TRADING METHOD:
I keep my analysis simple. Good analysis always is.
I use Price Patterns, Moving Averages, and RSI for my analysis.
I use the 1 day for trend analysis and 60 minute for trade entry
For my Targets I use Fibonacci projections, measured moves, support and resistance.
Successful trading means proper risk sizing and trading small so you can stay in the game.
ammj shows pure speculation plays follow fib linesPure Speculation, without any underlying basis for price, is a pure expression of human emotion. Therefore, Fibonacci, in my opinion, is reliable, because human emotion is an expression of the universe, and Fibonacci is ubiquitous in our universe, seen in everything
This is shown with AMMJ, one of the most traded marijuana stocks during the California election run up
ANOTHER BUYER FOR $WFM ???FOR THE LAST WEEK WFM HAS BEEN TRADING ABOVE THE $42 ALL CASH OFFER FOR WHOLE FOODS.
I AM TAKING THE VIEW THAT WHEN A STOCK IS CONSISTENTLY ABOVE THE OFFER PRICE (ESPECIALLY IN
AN ALL CASH BID) THAT THERE ARE OTHERS INTERESTED IN THE COMPANY. THE STORY HAS GOTTEN A LOT OF
ATTENTION AND THERE ARE SEVERAL OTHER COMPANIES WHO COULD USE THIS (NOW THAT IT HAS RECEIVED
ALL THIS ATTENTION) COMPANY AS A STEPPING STONE OR EVEN JUST TO GAIN A FOOTHOLD IN THE GROCERY
MARKET. THOSE RUN FROM WMT, TGT, OR ANY OF THE "REAL GROCERY CHAINS" LIKE KR.
BOTTOM LINE IS THAT THIS IS A LOW RISK TRADE WITH THIS ONE SELLING FOR ONLY $ .50 OVER THE CASH BID.
LAST, BUT NOT LEAST, THIS IS A PRETTY LOW BID BASED ON WHERE THE STOCK HAS BEEN ($57 IN EARLY 2015)
AND IT MAKES THIS LOOK LIKE A VERY LOW-COST SPECULATION OF A HIGHER BID.
I'M BUYING BOTH THE STOCK AND THE WFM 8/43 CALLS ($ .41)...OZ
We Think $SIRI Has Some Sirius PotentialHonestly, I didn't even know Sirius XM was a publicly traded company until 6 months ago. Mainly because it's under $5, and I generally tend to avoid such stocks after getting burned in the penny stock world so many years ago. But SIRI is an interesting ticker, and one we recently acquired quite a sum of shares in for the long run, and by long run, I mean retirement.
We bought for multiple reasons, none of which revolve around Warren Buffet's company Berkshire Hathaway (BRK-A/B) increased stake in the company; although that can be a nice boost.
First, the company declared a quarterly dividend of $.01/share (.04/share/year). Granted, this is not a lucrative dividend amount by a long-shot, but it is one indicator of a fundamental shift in the company's long-term outlook to their business success. In essence, I like to see a company project confidence in their model by thereby rewarding their shareholders, even if it's a little. Oh, and that doesn't mean it won't grow in the future either.
Second it's maintained a nice technical uptrend, so we're at least going to ride it for a bit of the long haul. We've had two entries hit since the stock really started running.
Third, we don't like to speculate on the future of a company's capabilities or markets, but due to our knowledge of satellites, I find it interesting that SIRI is named as a potential contender in the "Connected Car". The possibilities of Sirius's S-band downlink being used as a secondary or tertiary backup link, or a data stream to the cars' ability to predict traffic and best routes possibly could be a market entry when the self-driving car technology gains a foothold. This would allow for contractual growth and a steadily grown curve of revenue.
For just a minute though, let's get a little crazier and speculate a little bit. Another interesting concept is Sirius' versatility and the company's placement's potential for scale. In reality, Sirius is a Satellite communications provider; it's just a one-way transmission to your car radio. But here's food for thought: satellite phone communications. At the moment, most sat phones are not even worth the average consumer buying due to the high cost of operation ($6/minute) and the infeasibility of carrying a brief case that holds the equipment. But when we looked at SIRI, we look at how other companies might be looking to scale, and how SIRI might do the same. We personally think that there's only so many cell towers one can build, and they only provide coverage in a certain area. Furthermore, the current satellite phone providers such as Iridium, Globalstar, and INMARSAT have a huge cost, and rightly so due to the amount of satellites they've put in orbit to maintain their service provision. But I think Sirius is a well-known consumer brand. Seriously. Ask any person on the street what it is and they'll likely tell you it's a satellite radio. Now tell that same person that Sirius is providing phone services to their iPhone/Android/Pixel. They probably wouldn't be very surprised would they? But how would SIRI do it? Possibly through a joint venture with a company like Google or Android since Apple is a competitor in the online music streaming business. If Google (NASDAQ:GOOG) were to come in, design a proprietary receiver/transmitter into the phone it'd be a win-win for both companies. Also, SIRI would be that service provider undercutting the competition SATCOM providers as well as terrestrial providers like Verizon (NYSE:VZ), T-Mobile (NASDAQ:TMUS) and AT&T (NYSE:T). Thus, Sirius would have then successfully expanded and would gain an insurmountable competitive advantage.
The transmission architecture could possibly be supported both through uplink communications to a leased COMSAT (cheaper than building a new one) or through the joint venture to build an entire new constellation. Not to mention, Sirius already has a terrestrial repeater network for their radio services (much like cell towers), and this could have a
Merger Sprint-T-Mobile Speculation - release March 7thAlready for a few months the market is speculating on a merge between T-Mobile and Sprint. Ever since the stock is in a rise and increasing trend.
On March 7th the CEO will talk on a conference from Deutsche Bank. This announcement is also on their website and you can follow the live-stream.
The official announcement says:
OVERLAND PARK, Kan.--(BUSINESS WIRE)-- Sprint (NYSE: S) Chief Financial Officer Tarek Robbiati will speak at Deutsche Bank’s Media & Telecom Conference in Palm Beach, FL on Tuesday, March 7, 2017 at 12:55 PM ET.
A live audio webcast of this session will be available at www.sprint.com The replay will be available shortly following the presentation.
About Sprint
Sprint (NYSE: S) is a communications services company that creates more and better ways to connect its customers to the things they care about most. Sprint served 59.5 million connections as of Dec. 31, 2016 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; leading no-contract brands including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. Sprint has been named to the Dow Jones Sustainability Index (DJSI) North America for the past five years. You can learn more and visit Sprint at www.sprint.com or www.facebook.com and www.twitter.com
View source version on businesswire.com: www.businesswire.com
Source: Sprint
GBPCAD Break-out Performance Speculation (Long-Term)A falling wedge has been forming on the GBPCAD daily chart that lead us to expect a possible Long break-out with different performance ranges.
We would wait for the confirmation of the break-out (use any tools that suit your style), and trade long with TP in regards to previous structure support levels as well as a safe SL.
All feedback is highly appreciated.