BTC HOURLY - VOLATALITY SPECULATIONCumulation of thoughts, patterns, candles, TA, emotions, if the market gets REALLY volatile
Extremely speculative. You could even tighten this TA up even more to the next few days / weeks! So much news every day...
NOT FINANCIAL ADVICE. SPECULATION ONLY. DO YOUR OWN RESEARCH.
Speculative
ABTHi everyone.
So, today I want to talk with you about swing-trading idea of Abbot Laboratories. This company works in medicine and drugs industry.
They show good results financial, some good dividend ratio with debts payments. Their big debts are typical for this kind of industry - medicine require big costs on science, study and creating costfull, effective drugs and equipment.
I think, that they will be good for swing trading, because expecting of new quartelly statement.
At now their price is overvalued, so everything can drop or rise with equal chances.
So tomorrow, (21.04) we will see on reaction of the markets on new earnings and statements.
CKB road to 0,10$My personal speculative opinion on CKB using Elliot Waves.
As we can see the price is currently on 50D ema (purple line) and the price could go to the target 0,10$ from here, but it might also slide to yellow trendline.
But we are highly bullish so buy cheap for upcoming massive gains.
Another SOS Speculation 03/08/2021Excuse all of the extra lines, but here's my thesis: Massive volatile flow for this stock in the last two weeks. Here's the pattern I am looking at. Resistance seems to be happening around the $5 range (4.5-5.5), and every time the stock dramatically reacts up or down, it's due to news. I believe many investors are speculators hoping that SOS isn't a fraud according to the likes of Hindenburg because everything that SOS promises, sounds promising. They are a company that is very conscious about their spending hence why they built a relationship with a local hydro electricity company to save money on powering the mining rigs, and in the video show casing their warehouse with the first 5,000 rigs we can see that they're not too worried about looking fancy. SOS is hosting these rigs in a very cheap looking warehouse out in rural china that also appears to have been an ex-chicken coop. As a value investor, I want to see a company that doesn't worry about looks if that's not part of their business. I'd very much rather see that a company is focused on what's necessary. Now we have seen today that, although the crypto market is making an awesome recovery from their recent drop, other mining companies such as RIOT and MARA aren't following BTC. So to me, this tells that a lot of those investors are simply amateur and are selling on any drop and aren't really there to hold for very long. Once again that's great for long term investors, it just simply means discounts. I've seen similar behavior early when MARA and RIOT stock was valued at around 5-12 a share just after elections. There is just a lot of news going around about Fiscal/Monetary Policy, but you also have to think how many new investors contributed to the pump, as well as how many of them realized that they got in at the wrong time and are now panic selling. I'm sure many of you have friends that as of recently joined the investing bandwagon. Personally, I purchased SOS at around 11 dollars per share, but I've been averaging down and doubled my position when SOS reached around $5. I am very Bullish on this stock. One of the biggest reasons why aside from the speculation, is that Mr. Wonderful endorsed this company on his Twitter earlier last month. It's very amateur of me to be bullish simply because a millionaire says its a cool company, but I think I've done my part in doing my own research. Again, it's a risky bet but I like to see that SOS is responding to the hate. Let me remind everyone that the U.S. economy is recovering and we are on a very accelerated path to grow. After this 3rd stimulus package there is talks that there is a proposed infrastructure bill on its way. Keep an eye on that and which other sectors will benefit. Anyway, if you read this far and liked my analysis, feel free to follow me as I'm keeping an eye on this stock daily. NYSE:SOS NASDAQ:RIOT NASDAQ:MARA BITBAY:BTCUSD KRAKEN:ETHUSD KRAKEN:LTCUSD
Doge Coin Forming a Solid Base above 0.05The recent sell of was quite scary for some, but it looks like we probably are finished selling off (even it means we're going flat for a while). With the huge move in $GME today after hours and the major crypto's finding bids, I would keep an eye out for a move upwards. There is still 5x or more potential for doge coin in the long term and that massive upside comes with risk.
$HITIF High Tide Fundamental AnalysisI'd like to start by saying this is a very speculative play on the cannabis space. High Tide (HITIF) manufactures and sells cannabis accessories. That being the fundamentals along with the chart setup give me confidence that the risk is well worth the potential reward.
Let's jump into the numbers. Last quarter HITIF posted just under $17 million (USD) in sales, a 172% increase over the same quarter a year ago and over a 1000% increase over the same quarter 2 years ago. 2 quarters ago they posted their first positive EBITDA quarter at $1.4 million USD. Last quarter they posted their first profitable quarter at $3.1 million USD. Last quarter was their 8th straight quarter of sales growth. This gives me confidence that they can continue to grow into the future. Considering the valuations of other companies in the cannabis space I cannot comprehend how this stock is under a $60 million valuation. To put that in perspective if HITIF stock were to go up 10,000% it would have just over half the market cap of Canopy Growth (CGC). CGC last quarter had $101.5 million in sales with 75% YoY growth. That's 6x the sales of HITIF but 175x the market cap. If you do the math that comes out to about a 29x premium for CGC which seems like insanity to me even if you factor in their partnership with Constellation Brands (STZ). Now, I am fully aware that this is not exactly an apples to apples comparison considering CGC is a cannabis producer and distributor while HITIF sells accessories, but to me this is an incredible opportunity to make smart investment in a little known company.
Bitcoin second path to $250,000 by mid 2023This is another possible Bitcoin price projection into 2023 whereas I have also provided one for mid to late 2022. Of course, this is all speculative and you should not base any trade moves based on this theory. I am using the fib circles and pitchfan fib to help me with some kind of direction towards the $250,000 mark.
Week 44: ZSF 2021 Bullish compressionWeekly analysis for ZSF2021
Week 44: 26 to 30 October 2021
Soybeans is persistently soaring higher and higher, there was no sign of slowing down.
Even today, there is no strong seller sighted yet; looking at from the momentum movement, the market may show a sign of deceleration.
However, until we see a Strong Seller, then we can say that the momentum has changed direction.
Actually I won't rush to sell, because the data is not complete yet.
The only reason I will place a Pending Sell Order, it's because of the compression shape, or commonly known as ascending wedge.
Again, this is a risky trade, no reference to the left and let's speculate. We have a good RRR for this trade.
My personal trade call:
Sell Limit: $1,082
Stop Loss: $1,090
Take Profit: $1,047
Risk Rewards Ratio: 4.67R
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee.
As always, move your SL when you are in the profit zone.