$DXY testing key areas *This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
$DXY desperately needs to close out its day candle green. If $DXY were to close red today, we believe that it will drop further until there is a support retest.
ENTRY: $96.235
STOP PROFIT LOSS: 96.280
!! This chart analysis is for reference purposes only !!
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Trump
CFVI $15-$16 EOYA bit early too really accurately tell but given the trend its taking and with the momentum a lot of "new tech" platforms are attracting. We're looking at a pretty slow week until around the end of December where we may get some upwards momentum if this trend continues. Best time to buy is this week while the bid is stagnant the next few days.
BENE if you believe in hydrogen-based fuel suppliersBenessere Capital Acquisition Corp, a SPAC, and eCombustible Energy LLC, a leading innovator and provider of customizable hydrogen-based fuel for thermal industrial applications announced that the companies have entered into a definitive business combination agreement, providing for a business combination that will result in eCombustible Energy becoming a public listed company.
If we look at the price history after the rumors and the fist announcement, today`s price looks like a steal!
Today You can buy the leading innovator and provider of customizable hydrogen-based fuel for thermal industrial applications at the initial SPAC price.
DWAC Trump Media & Technology Group $1 billion investment If you haven`t bought it before the $180 pump:
or after the retracement and short term price target:
Then you should know that DWAC had received a $1 billion investment from a group of institutional investors.
Coincidentally or not, Saba Capital Management announced on Dec. 9 that it had purchased a stake in DWAC.
Now that Jack Dorsey has left Twitter, i think it`s a place left for a rival to compete in this area, TruthSocial!
My price target is the 103usd resistance. looking forward to read your opinion about it.
DWAC Mooning off the SpikeFollowing a spike low this week and a rocket off the fake out NASDAQ:DWAC is up bigly today. The jump rally created a good 50% Retracement Level that matched the top of the range.
In all honesty... the chart pattern looks like a typical pump fail. However, most pumped stocks have their second life at some point with a relief rally. This could be it.
I still hold my Donald Trump fun tickets!
The Outcome Investors Weren't Looking For in Twitter (TL;DR)As of recent, there have been some major events occurring within the organisation ( NYSE:TWTR ). I'm sure many readers are aware of the fact that Jack Dorsey ( Former CEO) stepped down from his roll on the 29th of November. Forecasters from all over, including analysts from CitiGroup ( NYSE:C ) believed that when Mr. Dorsey stepped down, the price of Twitter would consequently increase (some predicted as far as a 15% increase). The reason for this was that, Dorsey was also managing another corporation by the name of Square ( NYSE:SQ ). As any investor, seasoned or amateur would know, you want your management to pay sufficient attention to the company you want to become a shareholder in. Unfortunately for Twitter and their shareholders, the recent events have been completely on the contrary to analysts' predictions.
So one factor that caused a price drop through this year of 12% was the Biden Administration's winning of the election and Trump being (in some eyes, 'unjustifiably') banned from Twitter. Due to there no longer being any politically related 'excitement' on the platform. Conveniently, Twitter (possibly in an attempt to rescue stock prices) had Dorsey step down but this just caused a separate price drop of around 9% making the situation look very dire. The absolute polar opposite to what analysts had predicted.
Despite the investment community's pessimistic outlook on the company and management as of right now (due to the lack of data to prove management is capable) some of the more intelligent investors have taken an entirely different approach to the situation. This considerable price drop could make the company a very, very attractive purchase. Many have purchased the stock as part of one of the 'thinner' margins of safety in their portfolio and would be willing to take the beating if the price falls further simply because they have it within a very diversified segment of their portfolio. Once again following the primitive, yet proven method of minimising losses and maximising profits through having more likely to be profitable stocks than riskier stocks.
As always opinions, news and facts are always welcome, comment away!
TL;DR: Jack Dorsey stepped down and a consequent price drop followed added with reduced user numbers after the Trump Administration. This could be a purchase now with a 'thinner' margin of safety in comparison to ordinary investments but could have great potential for profit as the price has become rather attractive. Just diversify!
$CFVI Target PTs 40-100-150 and higher$CFVI as expected, Rumble and Trump’s social media venture $DWAC have been in talks about a potential business partnership...
1.6 Million active users in Q3 2020 to 36 Million active users in Q3 2020
2150% increase in one year!!!
This is not a $12 SPAC, also the deal is worth 15% of Rumble, that’s high for a SPAC deal...
DWAC short term upside potentialIf you haven`t bought DWAC before the first pump:
The you should know that Jack Dorsey left Twitter and there is a place left for a new twitter in town.
Yesterday's surge followed a Reuters report that Trump Media & Technology Group is looking to raise up to $1 billion in additional funding. The venture's valuation would rise to nearly $3 billion, according to the report, up from a previous $875 million valuation, including debt.
I see a gap filling short term at 57usd and a medium term price target of 103usd.
Looking forward to read your opinion about it.
What We Know About Trump’s SPAC DealLast Wednesday, Former US President Donald Trump announced the creation of his Media Company, Trump Media and Technology Group (TMTG) as well as its planned merger with Digital World Acquisition Corp (NASDAQ: DWAC).
Within four days, the NASDAQ-listed DWAC stock had grown by 740%. At the close of the Monday trading day (25/10/21), DWAC was trading at US $83.86. After-hours trading sees the stock up by 3.98% to US $87.20.
Arguable, DWAC price rise could be indicate it is the latest in a long line of ‘meme’ stocks, with retail traders ploughing into the stock for the sake of entertainment. Although, this might be a too-easy dismissal of Trump’s large popularity among Americans. He is, after all, the presidential candidate that garnered the second largest number of votes in US election history (after President Joe Biden, of course).
TMTG and DWAC would represent the only publicly-listed entity tied to Former President Trump (after the bankruptcy of Trump Hotel & Casino (NYSE: DJT)), and thus, demand from his supporters might be in line with DWAC’s price rise.
What we know about Trump Media and Technology Group (TMTG)
TMTG is planning several launches over the next year. The first and perhaps most grandiose undertaking is a social media platform called TRUTH Social, set to be released at the start of 2022. It is unknown whether the platform will be based on Facebook (NASDAQ: FB), Twitter (NYSE: TWTR), or YouTube, all of which are sharing platforms that have banned the former Presidents profiles. As can be gleaned from Trumps Statements, Truth Social will likely imitate the likes of Twitter, with short, pithy Tweet-like posts referred to as TRUTHS.
What we know about Digital World Acquisition Corp (DWAC)
Founded in 2020 and based out of a shared WeWork (NYSE: WE) office in Miami, DWAC is a Special Purpose Acquisition Company (SPAC) listed with the goal to merge with a US technology, fintech, or financial services business. DWAC is controlled by the founder of Benessere Investment Group, Patrick F. Orlando, and Luiz Philippe de Orleans e Braganca, a businessman and member of the National Congress of Brazil.
Orlando, acting as DWAC’s CEO, is a former derivatives trader at Deutsche Bank (ETR: DBK) and serial SPAC lister. While Orlando has launched four SPACs, raising hundreds of millions of dollars in the process, he has failed to push any of them over the line and complete a merger. With the stock price rally of DWAC, Orlando’s chances of achieving a SPAC merger are looking more probable than ever.
DWAC scepticism
DWAC has already generated its fair share of criticism for scant financial details and planning. Kristi Marvin, chief executive of SPAC Insider, notes, “We don’t know how they got to the valuation. We have no information … That’s the fundamental problem.”. DWAC merger deal with TMTG values it at US $875 million.
FB at Critical levels hereFB is sitting at a very crucial level here. After dropping about 15% from ATH levels, it just had one of its biggest drops of the downtrend so far. Because of the news that Trump Media and Digital World Acquisition Group are merging, this will be another competitor to FB and Twitter, no matter what people think. This will take some market share away from the big social media giants, and this has reflected in the FB and Twitter share prices in the last couple days.
Personally, I believe FB will use its recent acquisitions, and massive market share to blow past this minor dent and will create its own monopoly again on the social media world.
We have seen cases like in China, where WeChat runs the entire country and all transactions, pretty much, are done through the WeChat platform.
With FB trying to monopolize, and creating its own cryptocurrency, or token, we can maybe see the beginning of a new era with FB.
Things to note:
Earnings: FB announces earning on the 25th, and we can expect this to make or break the stock.
$300 is a critical level, and if FB breaks down, we could see a retest of the lows where Trump was banned from FB, and Twitter.
Buying shares at this level, and will average down if a breakdown does occur, but I do not see FB dying lower than $300, and if it does, we will see a nice long bounce up to original levels.
Short term: could be bearish, and could see even lower lows until a reversal occurs
Long term: Bullish and I think this is a good price to get started in FB shares long term.
TrumpThe predictability of crowds. Well this is not something that slowly started. I probably mentionned the history of fake news at some point, and I hzve an article as draft about it, 1 example is a fake news thatsent UK stocks up 5% in minutes centuries ago. This right here is not fake news, but same principle: price is probably not correlated to reality, it's all speculation.
Trump Media & Technology Group is merging with DWAC if you didn't know. Was this predictable? Yeah maybe. Trump and anyone that isn't a centrist or "woke" american (Alt right, communists, socialists except the american ones, US republicans, europe far right, east europe conservatives, ...) has been trying to look for social media alternative. Everyone knows it is a multi trillion dollar market. And Trump kept saying he was trying to build something, that kind of lyrics. In theory it was possible to profit from this I think, but you'd have to be super specialized. How many of these acquisition companies exist? How often are they total scams with false promises? Did DWAC throw any hints? Depending on these answers it was possible or not.
I haven't done big stats on these rallies, but from what I have seen it's probably gambling. Some "investors" will use the word speculate, because they lack the intellectual ability to think, not their fault. It's simple:
Definition of speculate
As an intransitive verb
1 a: to meditate on or ponder a subject : REFLECT
b: to review something idly or casually and often inconclusively
2: to assume a business risk in hope of gain
The meaning is totally different. In the case of investing, the context forces the meaning to be (2). The "holy grail magical just buy and hold bro stocks only go up" stuck up nerds that are persuaded they are doing the right thing assume the meaning 1-b I guess.
And then as a transitive verb
1: to take to be true on the basis of insufficient evidence : THEORIZE
2: to be curious or doubtful about : WONDER
And nb 1 here is what is assumed.
This word smells, just avoid it. You're either gambling or investing. There is no in between. Investing and holding for 5 years is not "less risky" than 2 weeks, that's super stupid, you are taking a risk (if it's stocks or FX or commodities) either way, and 5 years the risk is bigger OBVIOUSLY! Much more chaos and random stuff can happen. Guys with a crush on Warren Buffett say "oh well you know within 2 weeks it's all noise", with stocks, yes, most of the time. Then that's GAMBLING. So there is no need for an intermediate word between gambling and investing. Either you know what to expect, you have a plan based on experience, stats, or something. Or you are just gambling.
Which brings me to... These surprise mergers, how many days do they usually go up?
Ye nevermind. It's a whole project to go find these mergers, especially small surprise ones, and see if there is a pattern (like 70% of them going up for more than 3 days, or very little pullback on the way up which leads to massive RR). Don't touch what you don't know. I've always been curious on how these worked, if there was any edge. But curiosity is not enough to go through grueling labor, searching for examples... It's simpler for stock investors that pay attention to such news.
Trump can't move the entire stock market 10% anymore, but he can move individual stocks 1000%. Or more, we will see.
As I wrote this article the price shot up and crashed. Ok that's pure gambling.
Trump change the rules of the game..!It seems no matter where he is going or what he does, Donal Trump is the one who defines the rules..!
Please do not ask about the price target of this SPAC!
It can go anywhere, at the time of writing this analysis its premarket price is 86 while yesterday's close was 45, and 2 days ago it was 10 USD/share.
The question is this :
What would be the potential future of this social media and network?
Donal Trump has at least 74.2 million votes in the past election which could be the minimalistic number of his followers!
He has lots of followers in other countries as well, and his social media could provide a voice to those who feel they got censored on other social media like Facebook and Twitter.
I believe if his team manages to deliver a good platform they will have more than 200 million users easily in the first few days or weeks.
I think Trump needs this platform to unify his base for the 2024 election!
We should keep in mind, someone like Robert Mercer is one of the biggest Trump supporters..!
Robert Leroy Mercer (born July 11, 1946) is an American hedge fund manager, former principal investor in the now-defunct Cambridge Analytica, and computer scientist. Mercer was an early artificial intelligence researcher and developer and is the former co-CEO of the hedge fund company Renaissance Technologies.
I am sure no matter what is happening, Trump will be the one who benefits from this the most..!
This story has just begun..!
Best,
Moshkelgosha
SPX S&P500 double top?After calling the dip of SP500 here:
Now SPX just hit a strong all time high resistance that can turn into a double top from which we can expect a pullback to 4430usd.
Let`s not forget also that one of the FAANGs just lost 42.5Bil in post market because of a rival platform, TRUTH social, owned by former president Donald Trump.
And who knows how much they will lose tomorrow!
I`m looking forward to read your opinion about it.
FB Facebook to lose market share for TRUTH Social ???Facebook suspended former President Donald Trump until at least January 2023,but retaliation has begun.
Trump Media & Technology Group and Digital World Acquisition Corp. DWAC have entered into a definitive merger agreement.
The transaction values TMTG at an initial enterprise value of $875 Million, with a potential valuation of up to $1.7 Billion depending on the performance of the stock price post-business combination.
Truth Social is aiming for a beta launch in November.
TRUTH Social will be a competitor to Twitter and Facebook .
TMTG+ will compete with Netflix and Disney+.
TMTG news will compete with CNN and iHeart Radio.
They have also plans for a Tech Stack that includes web hosting (vs Amazon Cloud) and payment processing software (vs PayPal).
Could this be the new Twitter / Facebook platform?
Can we expect a retracement to January 2021 area because of TRUTH Social gaining momentum and market share?
I`m looking forward to read your opinion about it!
Tump`s TRUTH Social to compete with Twitter and Facebook Donald Trump announced yesterday the creation of the Trump Media & Technology Group (TMTG) which will develop and launch a new social network!
Trump Media & Technology Group and Digital World Acquisition Corp. DWAC have entered into a definitive merger agreement.
The transaction values TMTG at an initial enterprise value of $875 Million, with a potential valuation of up to $1.7 Billion depending on the performance of the stock price post-business combination.
Truth Social is aiming for a beta launch in November.
TRUTH Social will be a competitor to Twitter and Facebook.
TMTG+ will compete with Netflix and Disney+.
TMTG news will compete with CNN and iHeart Radio.
They have also plans for a Tech Stack that includes web hosting (vs Amazon Cloud) and payment processing software (vs PayPal).
Could this be the new Twitter/Facebook platform? we know Trump is in war with them!
Twitter permanently banned Trump from the platform in January 2021 during the final days of his term. Back then he had over 88.9 million followers.
if every one of them buys DWAC, the SPAC with which TMTG will merge, for only 100usd, the mk cap will be 9Bil. now the Market Cap of DWAC is 1.635B. So still a 5.5X upside.
The irony is that the same hedge funds that sponsored the campaigns of Hillary and Biden, now invested in Trump`s SPAC. :)
Investing right now could be like planting the seeds in Facebook back then.
My extremely speculative valuation is half the market cap of Twitter by year`s end, so considering half of Twitter`s mk cap and 1.7Bil valuation for TMTG at 10usd results 150usd price target!
We bought DWAC at 12.84usd in our trading group.
I look forward to read your opinion about this!
Never Come DownGoogle the 2016 Trump song...
Normally I discourage people from buying IPOs first day or first week. In this case I think it will be a fun ticket.
The key takeaway of 2021 markets are: more thinking = less gains
What is this you might ask?
Shares of Trump-linked SPAC close up 350% following news of social media deal
www.cnbc.com
Global events - the last 18 Months. I recently posted a timeline of Bitcoin events as well as record several videos on the current Elliott Wave moves around Bitcoin, DXY and a few Forex pairs.
Here’s a link to the Bitcoin timeline;
Looking back at the last 18 months or so now, I wanted to cover some of the significant events that have taken place, which would have had some (but not as much as you think) of an effect on the Elliott counts as a whole. For those of you not familiar with Elliott, there is a link in the ‘related ideas’ section covering the basics.
So, let’s go back in time;
Brexit announced back in 2016 – carried through and completed in 2020.
Thus, kicking off the year with a fair size event, the global markets not quite sure what the fall out would be, where the damage would come and of course if there where to be profitable positions to obtain. An awful lot of hesitation & fear seen in the market.
Jump forward to the next big event; although COVID-19 was technically pre 2020, the real effects did not start to emerge until early 2020 when the world went into LOCKDOWNS, crazy mayhem soon followed and has not really disappeared since.
After the world starts to go mad! A few other things happen during this period!
- Oil goes negative for the first time in HISTORY
- Gold hits $2,000
- S&P creates an all-time high
If this was not enough to cause global confusion, we also had an interesting period in the United States.
All though there are plenty of other events that have shaped this last 18 months or so, you can clearly see with so much – the charts will be a little more sporadic, a little harder to read. So, although methods such as Elliott and Wyckoff are still very powerful.
Even Wyckoff Schematics got a good run in the social media platforms! (Probably kicked that off in March) 😉
Interesting times ahead - @TradingView community, take care of yourself and keep in mind! It’s been a crazy 18-months, 2 years!
**(This is not a trade idea, even a bias - it's just highlighting how insane these last 18-months have been)
For education on Wyckoff and Elliott - see my bio below;
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.