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NASDAQ bottomed or fall 20% by March?Here is my chart combining channels, trend lines, and waves. You can see that the NASDAQ has been fighting to stay inside the blue channel since mid-October, but has been trapped under the black channel. If it is going to hold, then this would be a good place. That would keep the blue channel bull rally intact. However, this week's rejection off the top of the channel is not a great sign. There is still a good possibility that we still need to complete the wave C of the larger ABC correction before this is over. Right now, Wave C stands at a 0.618 fib extension of Wave A which is pretty small. If it goes lower, then a bounce and support at 0.786 seems logical, which is around the peak before the COVID crash. That could be a good long entry. I would not rule out something closer to the 1.0 level before we are done. If that does come to be, then that takes us down to the red trend line created off the bottoms of the 2018 and 2020 corrections. That is the 9000 range (could overshoot down to 8700) and would be a great place for a big long entry. Anything lower than that, and, well, lets not think about.
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by Dr_Roboto
ETH : Fees, ZK Protocol and.. SPACE ?? Things YOU Should KnowHi Traders, Investors and Speculators of the Chart📈📉 There are some exiting developments in the crypto space other than the bullish price action on charts. If you've been missing out on some of it, this one's for you! Thanks to their distributed structure, blockchains tend to be slow. If a single transaction has to be verified across thousands of Ethereum’s nodes, this also makes the network expensive to use. Layer 2 systems are a potential answer to this issue, with rollups as the most popular scaling method. Zero-knowledge (ZK) rollups use the minimum data necessary to verify transactions by unburdening Ethereum from excess network workload. This makes Ethereum both faster and cheaper. Okay now hold up - wat is ZK? In cryptography, a ZK or zero-proof protocol means one party (the prover) can prove to another party (the verifier) that a given statement is true without giving any additional statement. To give a practical example; consider how you would have to prove your citizenship. If you say “I am Bob from Canada”, you would need to prove that with a legal document such as a passport, an identity document etc. The problem with this approach up until now, is privacy. This information is often shared to third parties without your consent. Identity theft also thrives in this environment. So how could you prove that what you’re saying is true, without giving away any information or legal documents? Let’s take a look at this example provided by Wikipedia: Imagine your friend is red-green color-blind (while you are not) and you have two balls: one red and one green, but otherwise identical. To your friend they seem completely identical and they are skeptical that they are actually distinguishable. You want to prove to them they are in fact differently-colored, but nothing else; in particular, you do not want to reveal which one is the red and which is the green ball. Here is the proof system. You give the two balls to your friend and they put them behind their back. Next, they take one of the balls and bring it out from behind their back and display it. They then place it behind their back again and then choose to reveal just one of the two balls, picking one of the two at random with equal probability. They will ask you, "Did I switch the ball?" This whole procedure is then repeated as often as necessary. By looking at their colors, you can, of course, say with certainty whether or not they switched them. On the other hand, if they were the same color and hence indistinguishable, there is no way you could guess correctly with probability higher than 50%. Since the probability that you would have randomly succeeded at identifying each switch/non-switch is 50%, the probability of having randomly succeeded at all switch/non-switches approaches zero ("soundness"). If you and your friend repeat this "proof" multiple times (e.g. 20 times), your friend should become convinced ("completeness") that the balls are indeed differently colored. The above proof is zero-knowledge because your friend never learns which ball is green and which is red; indeed, they gain no knowledge about how to distinguish the balls. Now that you have an understanding of ZK, let's look at how this affects blockchain and cryptocurrencies, Ethereum specifically: Gas fees have been a huge problem for ETH. But there are a number of ways to improve performance . Rollups are by far the most popular scaling technology. So wait wait wait.... What Are Rollups or ZK-Rollups? Rollups are smart contracts that reduces computing and storage requirements for validating a transaction block. As noted previously, they do so by rolling up hundreds of transactions into a single one. Zero-knowledge proof is one of the methods to accomplish that. When a network is overburdened with information, the fees increase. That’s because public, decentralized blockchains have limited block space to contain transactions. Accordingly, when the network traffic is higher, the demand for block space increases, leading to validators charging more for each transaction to be validated. Rollups are divided into two types: Optimistic and Zero-Knowledge (ZK). Both types do one job — rollups reduce the Layer 1 network’s (Ethereum) workload by scooping up, or rolling, hundreds of incoming transactions as a single transaction. This bundled single transaction is then verified and added back to Ethereum, as another data block on its public ledger. Because of this continuous offloading of transactions from Ethereum, the Layer 1 network remains uncongested. And when Ethereum is not congested, it is much cheaper to use because its ETH gas fees fall down drastically. After all, every computer network requires some bandwidth/computational resources to be expended. In the case of decentralized blockchain networks, that cost falls onto users themselves. This is why Layer 2 networks are so important. Rollups, in particular, have a dual impact — granting fast and affordable user experience to the Ethereum ecosystem. So now that you have a better understanding of Blockchain verification and gas fees, we can take it to SPACE ✨🚀 I live in a country where electricity blackouts (or loadshedding as they call it) is part of everyday life. We usually experience 3 sets of loadshedding a day, each ranging from 2 - 4 hours at a time. One of many disruptive results of this, is that the signal drops during loadsheding. This is because the signal towers have back up batteries for when the electricity cuts but - since there has been loadshedding for months, the batteries do not get to charge fully. You might be wondering why I'm telling you this (and I'll give you a clue, it's not for sympathy). One word - SIGNAL. You would be surprised to know how many things are affected by the ready availability of electricity, and signal. When the signal drops, it not only drops for your phone but also for transactions. Think card machines, financial services, banking etc. Now again, Mr Elon Musk has been working on Starlink, something you may have heard of to address this issue. Starlink is a satellite internet constellation operated by SpaceX, providing satellite Internet access coverage to 45 countries. It aims for global mobile phone service after 2023. SpaceX started launching Starlink satellites in 2019. The purpose of using satellites for signal would basically make signal towers null and void, with a direct link form the satellite to the receiving point such as the phone and eventually card machine etc. This is where the exciting news now becomes relevant. ZK - tested on satellites. Recently, in a collaboration between crypto-satellite developer Cryptosat and global hackathon organizer DoraHacks, the first successful experiment to launch a ZK (Zero-Knowledge) proof system in space recently occurred onboard the International Space Station (ISS). According to DoraHacks and Cryptosat, the experiment performed onboard the ISS showcased the capability of a satellite-based computation environment to successfully perform part of the trusted setup process required to use a ZK proof protocol. According to Cryptosat, which is attempting to launch a constellation of cubesats into orbit and build out its satellite fleet, the success of the ZK proof experiment is a crucial component in demonstrating the efficacy of space-bound computational environments. The procedure entailed sending pre-uploaded open source programs to the ISS through a secure link in order to generate a string file for the ZK proof-based voting program. Cryptosat has also already launched two mug-sized satellites, Crypto1 and Crypto2, the latter of which is currently being tested. 💭Final Thoughts... We're not there yet. The two legs that go with connection is signal.. and device. The one without the other is useless. Many people around the globe still do not have access to devices and even if they did, what happens if you lose your device? Just how vulnerable would you be if your device is stolen? Those are questions for another day perhaps.... Thanks for reading this far ! Interested in a technical and chart analysis of Ethereum? Check out this idea : _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
GLASSNODE:ETH_TOTALTXFEESUSDEducation
by Crypto-Check-
33
lets talk about a broader turn around in technologytechnology has led the market down. semiconductors have led technology. this stock has exhibited particular rate of change and other bullish volume based oscillations. bil williams ma, vwma, ema, trama as well as displaced ma are also bullish along trend lines. this leads me to a swing vased strat for continuation following the concordant supports, resistances and resulting ghost feed. this goes for stock like NVDA, and the broader market too. i am selling as spx approached 4035-4037, and i am hedging on pullbacks in taiwan semiconductor by buying SOXS and scalping for a few pennies at a time. im long the broader market with TQQQ on breaks of resistance or support on daily higher lows.
NYSE:TSMLong
by cerealpatterns
rising wedge semiconductor longshort semiconductors are on the verge of breaking down, and basically if we stay over 12.20 soxl im aiming for daily gap close, or near 12.86 . if we break this ascending tightening range to the downside and more or less double top 4hr resisting from top of envelope, around 12.30s or lower, im looking toward 15 minutes demand zone in low 11s maybe 11.30. short squeeze in semiconductors, or failed bull breakout. even if longs win, im selling rallies on the daily by buying soxs on dips to weekly lows, or new weekly lows (keeping in mind the s&p can still resist from 4000 or slightly higher/nvda can sell off $160, 162.5, 165).
AMEX:SOXLLong
by cerealpatterns
5
AMB BULLISH SCENARIOThe tech market suffered some losses while the USD gained against the major currency basket, last few weeks we can observe good catalysts on the hawkish Fed moves and future stability backed by again the Fed backing off the interest rate hike button, this might help make some more cash available. The rally is projected for the entire sector as well. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NASDAQ:AMDLong
by legacyFXofficial
Litecoin will pass Bitcoin before EthereumA strong position at $70+ and thrusting upward at a weak $85 resistance line, Litecoin spirals up and out of the meme generation. With all indicators looking positive for the crypto industry... We must look to utility in the coming months for profitable gains, I believe, with crypto underdog quietly taking the lead... LITECOIN What we know: - BINANCE:LTCUSDT active (true) market cap is $2.3 billion if you do not include dormant/lost Litecoin from early adoption years. - COINBASE:LTCUSD circulating supply is 1/4 the scarcity of BINANCE:BTCUSDT - BINGX:LTCUSDT Volume / Liquidity is 1/10 of COINBASE:BTCUSD - KUCOIN:LTCUSDT market cap is less than 1/50 of INDEX:BTCUSD - BINANCE:LTCBTC scales BINANCE:BTCPERP on layer 2 using Lightning Network, a high speed / low fee P2P transaction protocol. - COINBASE:LTCBTC competes with other layer 2 protocols such as BITSTAMP:ETH2ETH and BINANCE:MATICUSDT but is wildly undervalued in market cap comparison All things considered, I obviously don't think anything will pass Bitcoin. However I do believe, competitively, Litecoin will outperform it's layer 2 competitors like Ethereum in the coming months/years just on basic fundamentals alone. My price target for Litecoin in 2023: $375 - $3500
Long
by UnknownUnicorn47199281
Oracle: Sweet Temptation 🔥Oracle is moving dangerously close to the resistance line at $85.58, which would activate our alternative scenario. In that case, the stock would rise further into the green target zone between $85.45 and $92.50 to finish off the grey wave alt.I before sinking back into a correction. Primarily, we expect the course to drop into the green target zone between $72.66 and $63.46 to complete the grey wave II. After completion, we predict Oracle heading North in the longterm.
NYSE:ORCL
by MarketIntel
NASDAQ trend lines to watch in the new yearIt is important to step back and look at the big picture sometimes. The NASDAQ is testing the support of the green channel. May see a bounce here, but I think it is more likely that it tests the top of the blue channel in the coming month. Maybe more importantly the black trend line (around 9,500-10,000) looks like a good place to bottom in the near term. Let's hope that holds, else the blue channel center line is next support if dot com crash is anything to go by. Weekly Daily
TVC:NDQ
by Dr_Roboto
1
Coal = Gold 3.0 - The New Paradigm Breakoutor this may be a 2B double top extension. (see Bitcoin Nov-2021 2B top, or see Gold-ounce double top from Ukraine tensions in Spring 2022) I think that the coal new paradigm pump is a sell the news event, energy supply tensions are easing and in the USA the domestic stress of a Rail Workers Union strike will be resolved within weeks. Strong Supply flows will dampen the heightened speculation about Coal companies going up forever (with their notably favorable P/E and P/FCF rates) "Years ago, I recognized my kinship with all living things, and I made up my mind that I was not one bit better than the meanest on earth... While there is a lower class, I am in it, while there is a criminal element, I am of it, and while there is a soul in prison, I am not free..."
NYSE:CNR
by noam_chom
Is Apple about to be 'bitten'?Apple is one of the companies whose stock price is overvalued, and the company is facing several severe issues: 1. Big tech layoffs. If US tech is doing quite poorly and companies are laying off people, they probably won't buy new equipment or software. The fired tech workers probably won't be buying stuff for themselves either, and neither will those that see their colleagues fired. 2. Apple's production in China faces significant problems due to lockdowns or because the 'employees' are revolting. These disruptions hurt the reliability of Apple, as well as its image. Unfortunately, many employees are working and living in awful conditions, which is being exposed. Many ESG funds that hold Apple could end up having to dump their shares based on these concerns. 3. Some US politicians are increasingly worried about the connections between Apple and the CCP. With Apple 'threatening' to remove Twitter from its Appstore while supporting the CCP in an era where tensions between US and China aren't great, we could see Apple face more pressure to move away from China. That could increase their costs significantly while also disrupting production even further. 4. As retail consumers are affected by inflation and high-interest rates, they will spend less on buying new stuff, and many devices/apps aren't necessary. At the same time, Apple has been raising its prices due to increased costs (of production), which might further incentivize customers not to purchase their products/services. As if these weren't enough, some of its new products aren't that much of an upgrade to the previous versions. 5. As the world is moving closer toward open source and open technologies/marketplaces, the 30% tax on the Apple app store looks worse and worse by the day. Based on the above, the free market and politicians in the US might try to break Apple's monopoly, which could initially lower its revenue. 6. Current Apple valuation is 3.4x that of the entire crypto market (stablecoins excluded). This is just too large. AAPL is trading below all its major moving averages, has broken its old uptrend, and has plenty of room to move down toward that major gap at 96$. Most major US companies have fallen more than 30% and have filled many significant gaps, yet Apple has not. Therefore it is possible to see the stock price go down to those levels in the next few months.
NASDAQ:AAPLShort
by BitcoinMacro
1