Technicals
$CUEN Low Float IdeaLow float mania continues with today's highest flyer $VINO that I had published an idea on at the start of June see that idea here:
Cuentas Inc
Uplisted to nasdaq on February 4th 2021 with a $12M public offering and a 2/5 split on 2/21/21
4.85M float (smaller than vino)
On Balance Volume showing big stepper's footprint being left behind. I
I am long at $2.30 and willing to get much bigger.
Miss Vino's big move today? Accumulate here and you won't be chasing.
CEI Long IdeaOBV showing a wide discrepency vs spot. I am long here looking for a move possibly to .70s in the short term. Stop below the daily range its been in. Size appropriately.
SRGA LONG Still long at 1.66 no sweat. Bounce off 1.57 little volume pocket.
Target is still low $2 range.
QUMU LongHeavy accumulation in this range...OBV looks ready to breakout.
Target #1 - $5.00 - $5.09
Target #2 - $5.50
GBP/USD looking to soon print a new high!...The Pound derived strength at the expense of its US counterpart, albeit with extra impetus from strong oil prices, Nationwide hpi and hawkish rhetoric via BoE’s Ramsden in the Guardian, though Cable came up against a barrier around 1.4250 and lost grip of the 1.4200 handle even before a downgrade to the final manufacturing PMI. From here we are looking for a short final pullback before a rally hopefully to set in over the next 48 hours.
BFLY On The Way To $20BFLY Current Price $11.75 Price Target $20
Innovative tech has been killed since February but the core difference between most innovative tech and BFLY is BFLY is a profitable company only trading at 5xPE. This is very cheap when you consider the S&P is trading at 20 PE (which means BFLY is trading four times cheaper than the market). BFLY has created a handheld ultrasound that is significantly cheaper than a normal ultrasound machine. This product is going to be used by developing countries in the future.
BTC downtrend to 20k and then shoots back up to 80k!I personally for now don't see any value in BTC, but based on technicals, this can easily happen. Let's see whether it will drop to entry and from then onwards.
Criteria:
1. Retest of previous support
2. Re-tracement and building momentum
3. Musk selling btc can lead to this
4. China declining to accept BTC can lead to this
5. Major upside, if updated (which may come tbh)
Check out my YouTube channel for more cool investment stuff.
EURJPY: Longs Loading?Reading price action, we can see that we are in a uptrend meaning we should be looking for long-term buying opportunities. Price has recently broken resistance and is testing as new support. If price closes with the current rejection candle, we can anticipate price to push higher. However, if we break support and the trend line, we will have to reevaluate price action. Due to the uncertainty of market fluidity, risk management is highly recommended.
The fathers of communism: Full time investors and speculatorsKarl Marx the short term speculator, Friedrich Engels the investor, and probably an advisor/mentor for Karl Marx. Engels also seemed to speculate on commodities (he mentions Corn, Cotton... they were the oil of back then, there isn't such a big need for risk takers these days with how big the productions have gotten).
Marx & Engels were right about the core of their idea, with modern production, there was no need for anyone to go hungry, we can now feed everyone.
Today, finally, sadly long after they passed so they could not witness it, no one goes hungry outside of a few third world countries that are all communist or socialist.
We made it. And the rentier parasites of the 19th century have mostly disappeared.
But people still have to work. And people are still unhappy and there are still marxists around for some reason.
Looks like they did fundamentals & technicals, looked at supply & demand, euphoria, politics, news, the usual stuff.
Nothing ever changes does it?
What's it with rich people and communism? (Engels retired early as a millionaire and sent Karl Marx the equivalent of around 15k usd monthly + the money he got from books)
1852 letters are listed here, but most are not online:
www.marxists.org
"The file you have tried to access originated from the Marx Engels Collected Works. Lawrence & Wishart, who hold the copyright for the Marx Engels Collected Works, have directed Marxists Internet Archive to delete all texts originating from MECW. Accordingly, from 30th April 2014, no material from MECW is available from marxists.org. English translations of Marx and Engels from other sources will continue to be available."
However I found the Engels letter I quoted here in the archives:
marxists.architexturez.net
If it can't be found in the future it is the Manchester, 24 August 1852 letter
Source: MECW Volume 39, p. 164;
First published: in full in MEGA, Berlin 1929.
I quote an article:
"During retirement, at 49 years old, Engel’s portfolio produced an income sufficient to cover his living costs, as well as provide Marx with an annual subsidy of £380. This effectively gave both men membership in the rentier class, which many communists despise."
Doesn't look like these 2 enjoyed working.
"Dr McKibben, of St Antony's College, Oxford, suspected Marx was not the wheeler-dealer he claimed to be: 'He probably just put the money where Engels told him.'"
The Chinese have developped a taste for speculation, and like with religion, you can always find bits to justify anything you want.
Peking Youth News years ago, several times I think, in 1992 and more recently, have mentionned the duo market adventures and said it was ok.
Correct me if wrong.
I wonder, if the prophet was not a trader, would the middle east have a huge problem with the markets?
Maybe not, they are the ones that invented derivatives very long ago, and their geography has always produced a very high demand for traders.
DKNGDKNG is looking like it wants to bounce back into that channel and run. With Earnings coming up I expect a huge pump after it breaks the resistance and pushes into the channel. The RSI and MACD are looking good. It is still under the 200 and 50 MA, IMO I think it will break and that's when it will run. The next 2 weeks should be fun to watch. Let me know what you guys think
Its LIT$; Strong Fundamentals, Good technicals.Litentry: DID Aggregator,
If you want techincals its in the section below.
Ive been eyeing up litentry ($LIT) for the last month or two; it’s an innovative project backed with a strong team, solid fundamentals, and a realistic use case (if executed properly). For the time being, it is a speculative investment, given that the core product has yet to be launched and utilized by the general public. Feel free to jump into any section, perhaps this rant isn’t worth the time. Nonetheless, ill briefly explain the purpose of the project:
What does it do? (Fundamentals)
Litentry aims to aggregate data to identify unique users within multiple blockchains (read; interoperability) and facilitate multiple functions/features that previously were difficult to achieve in DApps. For example, suppose litentry manages to create unique IDs for people like you and I, and with these newly established blockchain identities we can undertake a new set of actions. A list of the common hypothetical actions include.
*Personal Credit Scores: In the "real world", individuals acquire loans and credit through a system of scores and ratings (FICO, AAA, BB-). These scores are assigned by credit institutions like moodys, equifax, and fitch which ultimately designate your credit worthiness (how much you can borrow and/or at what interest rate). The system is based mostly on historical data; if you default on debt a lot, you lose the privilage of credit, but if you pay promptly youre allowed a bigger loan and/or at a lower interest rate. On the other hand, the "DeFI world" attempts to offer banking services to everyone, without exlclusivity, bias, or censorship, and right now, its limited by its collateralization ratios and requirements. If youre a small business owner in Nigeria and would like to expand you inventory by 10,000 USD via a personal/business credit utilizing the current DeFi services you would at least need to collateralize this loan with 20,000-30,000 USD worth of ETH, BTC, or others. If you don’t have collateral, you dont have DeFi; kinda lame. But, if you had built up a strong credit history on the blockchain, you could secure microloans (maybe even the full loan) using your DID that litenty has aggregated for you. Enter a new paradigm for DeFi in the world.
*DAO Participation: It seems almost every token these days offers decentralized autonomous participation to its holders. That’s pretty cool, and analogous to shareholders in the stock market. In the "real world", financial reporting allows us to understand share distribution with reporting and compliance of large shareholders. And in blockchain tokens, we have that too, and even better. We can follow in real time the movement of tokens with every address that sends and receives the asset, if you knew Warren Buffett’s blockchain address, you could see when he acquired ETH, or when he sold it. But what if he held billions of ETHs spread out over thousands of addresses, he owned? Suddenly what seemed decentralized is no more, and ETH (or Token “X”) is a centralized organization. If you could assign unique identities to each holder voting and participation would be even more fair and decentralized this way.
*KYC: Lastly, if you are going to run through a process of KYC with every new customer or with returning customers (log-ins) it would be quite easy to have an identity at hand to sign on/in.
I´m Buying (Technicals)
As you can see, we are in a pretty large range, excluding the local top of February, the horizontal price movement seems to be bound from 7.90$ to 12.50$ +- some cents. I like horizontal movements given that they often suggest some large accumulation (the bigger the accumulation the stronger the move to the upside and downside). A very weak trend has been established, its almost not noteworthy but its something to keep in mind just in case. I have bought small amount at 8.70 and intend to buy larger amounts near the POC. Its hard to snipe an entry with such a volatile asset, but if I were to call a sniping entry it would be at 7.97$ (+-0.02). Dollar-cost averaging this entry is key and expect a slightly larger holding period for bigger returns. However, the market in ETH is super-hot, and litentry hasn’t really followed the pace, it has a positive correlation (.43) to it so I can only hope it will catch up.
Good trading,
Matthias M.W
Rising Wedge pattern in BitcoinI was in for the buy in the morning around 5am. Now this is clear to me that this is a rising wedge pattern being made. Ive set a take profit an my entry point on the graph for the sell. This market looks as if it is making its way back to the rising trendline on the Daily view to continue this beautiful upwards trend.
JPM Breakout ImminentJPM, along with other value stocks within the financials, travel, and industrial sectors, have seen relative strength during the recent market sell off. I'd like to see JPM close over 155 for a move up to the low 160s, but seems like it needs to reclaim and bounce from the 20 day EMA first.