THE NEW BLACKBERRY AND THE NEXT BULL RUN?This is my first published chart and feedback is welcome.
Blackberry $BB is a Canadian company that has transitioned in the last few years under John Chen to become an Internet of Things, Automotive, and Security company and away from a phone company. Blackberry does retain patents and the name of the phone. The stock had a milestone of new highs in 2021 under Chen's leadership. There was also a bubble break erasing over half of its all time high. It is speculation to say why this definitively happened. It was coordinated oddly with speculators particularly in the WallStreet Bets Community that generated a great deal of purchases on Robinhood in particular in the so called memestock. These investors/speculators seemed driven in part by nostalgia began investing in companies from the 90s which Blackberry was iconic. As indicated on the chart a bull run that began in November of 2020 by far blew past long term short positions and costing untold millions to hedge funds and speculators that had to cover their short positions in Blackberry which appears to have negatively kept Blackberry stock prices artificially deflated for years. Regardless of the recent bubble burst there is a valid question has Blackberry under Chen become the next sleeping giant in the IT and automotive sector. A sector that will continuously grow as leaders in the USA, Europe, and China pressure auto makers to move towards clean energy vehicles. Those that like strong company leadership might rightly conclude that Chen has turned Blackberry into a leader in the emerging smart car and smart device market while retaining the iconic name and securing partnerships with companies like Amazon in the USA and Baidu in China.
Many bearish analysis appear to have deemed Blackberry a defunct phone company and are either unaware or purposefully ignoring the transition under Chen. Blackberry along with new partners like Amazon and Baidu are creating new partnerships to create autonomous and secured vehicles based off of Blackberry's patented QNX operating system and other patents. Possible investors, day traders, and speculators may be attracted to possible bullish runs to return to January's all time highs and beyond given Blackberry's transition to a new company. This is not financial advice and you should do your own due diligence and never invest more than you can afford to reasonably lose.
It appears that Blackberry after a period of consolidation is attempting another bull run. Levels of interest and commentary is on the chart.
Thank you for your time and hope this helps you consider Blackberry.
Speculation
How to trade stocks with call and put options?How to trade stocks with call and put options?
Why one may consider options trading?
One may consider options trading to generate income, to hedge his or her portfolio, and to speculate the next price move.
What is a call option?
A call option allows the option buyer the right, but not the obligation to buy a security at a predetermined price within a specific time period.
What is a put option?
A put option allows the option buyer the right, but not the obligation to sell or sell short the specific security at a predetermined price within a specific time period.
Why options trading involves substantial risks?
Options are financial contracts with a predetermined expiration date. Options have a time decay factor. At the expiration date, option holders have to make a decision. Options holders may exercise the options if the options are in-the-money, to sell the options at the market values, or faced a capital loss if the option is out-of-the-money or may be completely worthless.
How to read the option quote? Just an example.
1 Call XYZ March 17, 2021 140 Call $5
XYZ is the symbol for the underlying security.
March 17, 2021, is the expiration date.
$140 is the strike price. The strike price is the price at which the underlying security may be brought for call options. The strike price is the price at which the underlying may be sold for put options.
$5 is the premium. Premium is how much it will cost the trader to purchase the option.
One option equals 100 shares of the underlying security.
Thank you for reading!
Greenfield
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Disclosure: Article written by Greenfield. A market idea by Greenfield Analysis LLC for educational material only. The option quote in this article is not real. The option quote was just a makeup example.
Byte Coin Spike / Fork - Road to 0.04 +This can be a 100+x coin, ATH 0.04 cent. This can be a good opportunity!
$SPY: All time highs everywhere and not a dip to spare...AMEX:SPY
The market is already rampant with speculation but here's my two cents. I know the danger that exists and trying to call the top but at this point, it almost seems inevitable that the time is near for the S&P 500 to retrace. Many of what I would call legitimate bearish signals have been rejected repeatedly leading to higher price levels. This, though frustrating for technical traders, isn't unfathomable considering that the perceived risk in the market is extremely low unlimited QE coupled with low-interest rates and an increase in individual investors has led to the markets having a level of liquidity that supports this growth and current bullish sentiment.
In fact, when examining the chart it does look like the S&P 500 actually does have some more room left to the outside but at this point that room is limited and it coincides with the psychological price resistance level of $400 ($392-$408 is what I predict to be the reversal point range). At that price, $SPY will be in the range of fib extension levels that commonly signal the completion of a cycle - and looking at the chart, it does appear that the S&P 500 is possibly completing the third impulse wave of a larger multi-year cycle.
At the moment, there are several divergences on multiple time frames and much of the rise in price over the last week (five days of positive price movement ending with a 4.7% gain for the week) is contrasted by reducing volume with sell volume often higher the buy volume. CBOE:VIX has returned to a strong support level which could mean another pop in volatility around the corner which could trigger a sell-off driving SPY lower into April . That being said, lack of bearish catalyst and influx of individual investors into the markets could extend the rally well into the year before wave completion.
I would suggest treading carefully here trimming position and building a hedge. Puts on $SPY do not have a track record for being profitable so I would recommend rather buying AMEX:UVXY as a hedge or if not deterred by the past performance of SPY puts, ITM puts with expiration dates at least 3 months out could sufficiently counterbalance any incoming market turbulence. Short-term calls may be on fire this week but with limited upside, as it is hard to imagine the S&P 500 can extend this run after a five-day streak without any significant pullback.
(Believe it or not, this is actually the abbreviated version of my analysis but it is Sunday morning and I should probably be doing other things besides charting right now
tl;dr SPY will likely overextend itself on the push to $400 before volatility returns. Margin Debt, 10yr Treasury Rate, Inflation, CBOE:VIX , S&P 500 PE Ratio all on watch. Sharp correction possible by April.
Crypto is a Bubble: Change my Mind!Do you think crypto is in a bubble that will pop soon? Or is it still going much higher?
Tune into my live stream on Sunday January 31st at 5:30pm EST to respectfully discuss and debate!
SHARE YOUR OPINIONS AND QUESTIONS IN THE CHAT, they are encouraged and will be answered!
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Zilliqa breaking through this channel possibly 1st quarter 2021I have a hunch that if Zilliqa breaks through this channel and heads to break its previous all-time high of $0.23 we may see a rise to between $1 and $3 then retracing back to under a $1. Please do not take this as trading advice as this is only a speculative position I am taking on Zilliqa. This may never pan out but with all the hype in BItcoin and the massive amounts of institutional money pouring into this market I really believe Zilliqa will be primed for whale activity and we may get blown away with price movement in the short term. The green line above the channel is the breakout and the red is the retracement back down to possibly make contact with the channel but never pierce through it. So the channel may act as support for Zilliqa as it heads to this $5-$8 target or higher.
Notice the red line above the channel, this is the trend for the Beam Bands I have set on previous chart. If we break through the $0.23 ATH then it could be we may target the top of this beam bands and hit a price of $0.33. if we break this $0.33 range then we go higher and like I mentioned above we may go between $1 and $3 before we retrace back down to the channel as support. Who knows, I could be dead wrong here but an interesting possibility.
Could Bitcoin, Gold and Dollar index crash the DJI? This is a busy chart with four instruments on it. But do take a careful look at what's going on.
I see the DXY (Dollar Index) heading south. Mainly from Sept 2020, Bitcoin has been benefiting from price advantage by what seems to be an increasing negative correlation.
(The DXY is a good index to get a feel of US Dollar strength because it checks the USD against a handful of other currencies - and heavily against the Euro).
From Nov 2020, Gold which was somewhat neglected for a couple months began moving north as the DXY continued its slide south.
But from Nov 2020, the DJI has been only on a slow burn up - still benefiting from a weak US Dollar Index.
The ridiculous levels of QE by the FED and its 15 tools. It's actually been labelled as 'QE Infinity' and Jay Powell has said 'whatever it takes'. All that will have weakened the relative value of the USD. That's easily spotted in currency pairs like USDCAD, USDSEK, USDJPY and so on.
Now - the problem is that the DJI and S&P500 are quite overvalued relative to real projected earnings potential over the next year. Don't take my word for it. Get on to reputable sources. It is well known that stock indices tend to benefit from weak country currencies. So yes the US indices have been benefiting, but not that well.
If your USD is heading down the tubes, what do you do? Basically you try to protect value by latching on to something else. Metals have been seen as the safe haven after the last couple months. So Platinum, Silver and Copper have been benefiting - more than Gold. Would you be inclined to put money in stocks? Sure - some people will. But the big boys know the trouble with stocks - they're just not saying much about it.
What does the rise of metals and Bitcoin from November mean? I can't know for sure. I suspect that it means money is moving out of stocks into those by those with the big money - who are expecting trouble ahead. Governments and central banks hold much influence over the value of money. But with metals and Bitcoin, the market truly decides. Yes - it is crazy that big money will flow into Bitcoin seen as made from thin air (and BTW so is fiat money).
Overall I think it's a bad weather sign when metals and Bitcoin are heading north (from November). Some will recall that there was talk about banning Bitcoin a few weeks ago when it was seen as a threat to fiat currencies. The story came and went quickly - but it's a space to watch. That the authorities would consider that at all, is also a sign of trouble.
If money increasingly flows into metals and Bitcoin, less may flow into Bonds and stocks.
This post is speculative. I'm not saying I am right. If others know more, do share your knowledge.
NPXS updated 2021 end of year price projectionI have an update on my chart for NPXS for a 2021 Bull run year. I have three possible price points being $0.01, $0.06 & $0.10 with a possible $0.25 if the FOMO is really thick.
Bitcoin Completes Entry to Stage 1 of BIG H&SI am again giving my warning..
That forecast I made wayyyyy back about a possible run upward.. is also both good and bad news.
We are probably going to come close to 20k... but NOT break through.
ETH will come close to a super-breakout.. but probably won't.
XRP will get its ass kicked.. (as well as other coins) if we fall back too far.
Also, watch for my green dotted line... it's a deal breaker if we go south of it..
Happy trading :)
XRP 2021 Bull Run projectionIt is clear that though we can use fractals to possibly pinpoint price projections that is just all they are price projections. Nobody hadsa crystal ball here In Crypto land so looking for this elusive perfect peak is a downright myth. Can we guestimate? Of course, we can, and this is why I am overlapping price bars from the 2017 XRP bull run on to the possible 2021 Bull Run we will be having. Could XRP hit over $100 by the peak? I don't know but if history proves a similar fate for this upcoming Bull Run then a big Yes is likely. I do not know if the channel that I have represents the second bottom point for xrp currently as we could possibly drop lower and test the 100 day moving average. Not sure on this one but time will have to tell.
Kin updated 2021 price targetsThis is an update on my Kin price speculation for 2021. We have price targets from $0.0007 all the way up to a possible $0.06. Personally, I believe we can at least hit a target price of $0.005 on a conservative high for 2021 but there is the possibility of higher price targets. Only my opinion here.
2021 2nd look at marketcaps for Bitcoin and Altcoins12,553,081,000,000 altcoin marketcap
4,650,000,000,000 Bitcoin marketcap
If Altcoins do the same percentage gains at end of 2017 beginning of 2018 then we could see a spike in the market cap as high as $12 Trillion plus if we follow the Beam Bands of the last bull run. I know this is a little too much to expect but with all the information we have on the financial direction globally I would not put this a mere fantasy. Bitcoin reaching anything above $250k would bring its market cap to about $4.6 Trillion or so and if it is commanding a 30% control then it would make sense for Altcoins to reach this insane $12 Trillion market cap if it commands 60% of total market share. I know this is a lot to think about. Notice how we go above this Beam Band by about 322%. This happened in the last bull run where Bitcoin went outside the Beam Bands by about 322% so I am just thinking that this could happen again but of course, there is no certainty but only speculation.
XRP Reentry points based on fibTHIS IS NOT FINANCIAL ADVICE
this is MY game plan, and i am a fan of speculation, its the spice of life, am i right?
i entered a postion with XRP at .24 cents, rode the bull and exited at .45
im confident xrp will suprass 1 dollar on or around december 1st, and possibly achieve new highs as long as there isnt a massive sell off on or around the SPARK token airdrop.
if the XRP army holds true to their word on hodling like its going out of style, then i dont forsee much to worry about in the near future besides some heavy corrections to bring us to a sustainable price. there is a risk of bag holders from '17 settling on their losses during this time so it is going to be a full on war in my opinion. STRESS city.
BUT, dont be a sucker to FOMO like all the suckers that bought at the all time high in 17.
its about entries and exits. dont feel bad if you miss the wave, find new opportunities.
i would say now is as good of a time as ever to enter a LONG postion, like dont look at your XRP balance until next fall. SHORT positions are extremely risky right now due to an overdue correction.
i dont know alot but i like to think i know a little bit.
let me know what you think. thanks for looking.
THIS IS NOT FINANCIAL ADVICE
EURCAD- W SHAPE ENDINGAs commonly known to most, the letter "W" is seen often. Whether this be in reading, or in forex, it's very easy to catch. As we see here on the 4h timeframe, EURCAD has just formed an over-extended W formation; meaning that it went down, then up, then down, then up again.
Often, after this pattern is formed, the currency moves to the downside. I have strong feeling that EURCAD is done moving for now and will make a move downwards also due to my other strategies (which I will not explain much upon) . Use your own due dill if you decide to enter a position. Please remember I am not a financial advisor and this is just my opinion.
Bitcoin price speculaiton on December 2022 using Fib CirclesWhere Bitcoin could possibly end up using the Fib Circles. This is only speculative but very very real. Let's consider all the infinite QE into the money system that has no end. This is the US Dollar Fiat system that is now on a collision course to a Zimbabwe or Weimar Republic, Germany hyperinflation catastrophe. We may see a $250,000 Bitcoin price tag by the end of 2022 or the 1st/2nd quarter of 2023.
Bitcoin $250,000 price target using the Pitchfan FibI just wanted to use a longer Pitchfan fib on BItcoin with the projected $250,000 price target by Tim Draper. We do not know what year this will happen but it is very likely a doable scenario given all the financial corruption by governments on a global scale. I decided to use the Bravenewcoin Liquid index for this chart.
XTZ on the next Bitcoin $250k Peak with three possible pricesXtz on three possible price points going into the next Bitcoin Bull Run 2023. Keep in mind Tezos is a baby platform but with a massive war chest of over $600 million from their ICO. They are a likely candidate like Cardano to displace Ethereum as the number two in crypto rankings. Tezos has brilliant coders/programmers and tackling the STO market which will be a massive shift from conventional Wall Street markets. This is a gem waiting to explode. The three price targets I have her are between $250.00 up to $2,500.00. Please keep in mind that this is only my opinion and I am basing this on the current trendline trajectory that is apparent on this three-year chart.
XRPAnother reason to be bullish on XRP... As my previous ideas suggest 28 cents is likely the move if we decide to go up. I'm going to speculate if we do make an attempt to see those levels we'll break into a bull market this time around instead of getting met with rejection, and this is why. Volume got into the dip.