Whales In The Market, Could Break 50K ?Weekly Time-frame
We confirmed breakout candle in weekly time-frame for double bottom and downward slope resistance. We can expect more to the upside for this week. Awesome Oscillator is bullish also. Ichimoku cloud Senkou span a is about to be broken as resistance. If We break it we can expect more to the upside. If we get rejected in the supply area we can start having a correction.
1D Time-frame
We are currently in the High Volume Node in VPVR which is a strong trading area. We might go sideways in this area or if we break it then we can have a rocket pump to the upside. We need to turn this supply area into a base and continue pump to the upside. Awesome Oscillator is also bullish. RSI is not overbought yet in 1D TF. If we don't hold this as a base then it will end up as flip zone. Where you can expect a drop from this area.
4H Time-frame
4H time-frame Bullish Saucer. We can expect more to the upside. Greed and Fear index for crypto is now #60 which is greed. We might stay here for a long time now or this might be a good time to short.
We have strong volume to the upside so we can expect institutional money entered the. market. we can enter in the retest of the zone.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Trump
Could Bitcoin Be Forming A Support Zone? At 40,000 Weekly Time-frame
We are currently breaking the $42,622 Resistance Area. Once we flip, it we continue the rally up to $45,000. Top would be $49,012 for the next Rejection Area. Greed and fear index is in #30 which is fear. We are close to going to neutral.
1D Time-frame
We have a breakout from the double bottom which is super bullish. Price target at $46,594. Rejection area is still in $45,000. Awesome Oscillator is still bullish, If we get a rejection
4H Time-frame
Awesome Oscillator (AO) is still in Bullish Continuation. We are currently printing higher low and higher high. Rejection area at $42,622 if broken we can see another rally to $45,000 before another Consolidation.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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$DWAC - Bearish Descending TriangleA descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows.
From Trading Sim:
You can identify the descending triangle reversal pattern at the top end of a rally. This pattern emerges as volume declines and the stock fails to make fresh highs. The pattern indicates that the bullish momentum is exhausting. At the same time, price action forms a horizontal support level.
After price bounces off the support level multiple times, posting lower highs, we can anticipate a potential downside breakout. The minimum distance that price moves prior to the breakout is measured from the initial high. This distance is projected lower after price breaks out below the support level.
$DWAC - Trump Social Media is DoomedUPDATE 3/5/2022: DAILY DRAGONFLY DOJI
The hits keep on coming for Donald Trump's signature social media application "Truth Social".
According to The Daily Beast , "In recent weeks, sources have heard the former president on the phone swearing gratuitously and asking things like, “What the fuck is going on” with Truth Social. He’s repeatedly groused about the negative press and the less-than-stellar optics of the rollout, these sources said. And he’s demanded to know why more people aren’t using it—why the app isn’t swiftly dominating the competition."
Dan Primack of Axios wrote a piece a few days back, "Trump's Truth Social bomb" . This rollout has been a disaster. Most people are still on the waiting list to join. Trump has barely posted. The app is full of bugs. It's stopped to 37th on the Apple Store as of yesterday. Primack wrote, "Trump hasn't posted a single time since the launch, despite an international crisis that has captivated the country. Instead, he's given his comments to radio and TV hosts — including one this morning with Dominion conspiracy theorist Maria Bartiromo — plus via his CPAC speech".
Back to the Daily Beast article released earlier today. There have been some indications through actual concrete analysis that the application is an overall failure.
"But if the preliminary traffic numbers are of any indication, the former president and current wannabe social-media mogul has a point. The Daily Beast reviewed analyses of visits to Truth Social’s performed by SimilarWeb, which tracks website traffic from public and private sources. The company’s figures for the MAGA social network—while only an estimate based on incomplete data—are nonetheless anemic. Trump’s own social media platform is doing either worse or the same as other MAGA social sites like Gab—another pro-Trump competitor website that’s especially beloved by, well, Nazis—and Gettr, a platform fronted by one of Trump’s former top political aides, Jason Miller.
SimilarWeb’s estimates show a sharp spike of around 2 million daily visits to the site when it first debuted, before traffic dipped to an average of approximately 300,000 visits each day, putting the site on par with Gettr. Meanwhile, the far-right Gab has averaged around 650,000 daily average visits in the same time period. As of Friday, Truth Social was the 72nd most popular free app in Apple’s AppStore, a far cry from Facebook (5th) and his formerly beloved Twitter (22), both of which booted the ex-president after the Jan. 6 Capitol riot.
The relatively light traffic could be explained in part by Truth Social’s waitlist—MAGA fans who want to join the platform have now racked up a million-strong backlog of users looking to join during the app’s soft launch. The app is also only available on Apple devices, denying access to owners of Android phones. The extreme-right Gab, however, has managed to rack up twice the web traffic as Truth Social, despite its mobile apps being banned from both Apple and Google’s app stores."
This is all adding up to disaster here for the Trump Media SPAC.
What is the plan here? According to Seeking Alpha , "At a current market cap of over $15 billion as a pre-revenue company". They go on to add, "Thirty days post-merger, this total is expected to increase to over 170 million shares, excluding warrants."
This wasn't the only piece of bad coverage the new app received since my last update.
Politico's Ruby Cramer penned an article titled, "The Emptiness Inside Donald Trump’s New Social Media Platform".
"The site promises a safe space for “free expression,” encouraging of “all viewpoints,” according to the welcome email, “as we do not discriminate against political ideology.” But inside the app, digital tumbleweeds blew through my feed. The site is a bit slow, and a bit empty. Its stalled roll-out, led by Devin Nunes, the Trump supporter and former Republican congressman from California, has become a source of frustration and confusion in MAGA-world, according to my colleague Meridith McGraw. Republican lawmakers like Marjorie Taylor Greene and Matt Gaetz and Kevin McCarthy already have accounts and appear to be posting similar or identical content to both Truth Social and Twitter, along with right-leaning platforms like Gettr and Parler. (Apparently, no one is quite ready to turn their backs on an actual audience yet.) But when they do finally get their welcome emails, the thousands of regular Trump fans still waiting in line, eager for their chance to search for truth, will find a Twitter knock-off with no immediately discernible improvement on the original — a vanity project that has yet to prove its utility."
So we have a failed rollout with bugs, Trump barely posting, and share dilution coming to boot. I haven't even mentioned the biggest wildcard.
Trump's legal woes.
Last night, news broke that Trump could be facing criminal charges if the Attorney General wishes to proceed: "Jan. 6 Committee Lays Out Potential Criminal Charges Against Trump".
In a court filing, the panel said there was enough evidence to suggest that the former president might have engaged in a criminal conspiracy as he fought to remain in office.
So 1. Dilution 2. Sell the News with Planned Q1 Merger 3. Failed and Buggy Rollout 4. Potential Criminal Charges. 5. Data shows the app rollout is an absolute failure.
This is stock is heading down back to the single digits. Short this play next week before you regret missing out. There is no legitimate bull thesis for $DWAC- no matter where your politics stand.
See you at $40Now that the app has been released, it looses all the gas. Sell the news event.
Already looks bearish on hourly chart. This will burn down to 40s soon. Time to short/sell/puts.
DWAC Truth Social released in App Store on Presidents Day Truth Social was released in App Store on Presidents Day, like expected:
If you haven`t bought it when the merger was announced:
Or see this comparison:
Then you should know that $110 is my price target!
Trying to pin down the DWAC trend.I like to do these "gesture drawing" lines. You can probably find really similar lines with complicated maths, but these are not meant to be precise. The horizontal lines are just support and resistance levels. The lines slanted down are bearish trend lines, the lines slanted up obviously are the bullish trend lines. The purpose of doing this is simply another way to visualize price action. Like all charting.
Once in a while I find a line that wasn't immediately obvious but appears to have a type of gravity to it... in this chart, that is the yellow line. The way it contacts the top of the day 1 candle so perfectly, it reminds me of an old quote...
“Give me a place to stand, and a lever long enough, and I will move the world. ”
-Archimedes
$DXY looks ready for blood 👁🗨*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
Sell limit: $95.225
Take profit: $94.750
Stop loss: $95.295
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Twitter is on its doomsday's countdown as we know this company is having many cases against it as it has started is self proclaimed censorship which seem to be its final days before its final fall
we can see some key levels to take our short profit
good by to twitter
short it and capitalize on its fall
please comment
DATS penny stock Social Network+ Privacy PlatformOnce a Trump related stock, now DATS is ready for a bounce back from all time low levels!
DatChat Social Network+ is a social-networking focused expansion of the DatChat messaging platform.
Features include content aggregation and discoverability, social engagement tools, a verified influencer platform and monetization tools, and an iMessage App with screenshot protection for pictures and messages.
52 Week Range 2.75 - 18.50
Now the price is 3.09usd.
My price targets are 8.6 and 12usd
$DWAC big move on the way?On a astrological level we are crossing a portal right now we will see if the move happens today or next week, obviously we would want the move sooner sympathy names on watch as well
$CFVI,PHUN etc
$DWACWe believe that DWAC a stock which is related to trump has a possibility of gapping up $5/$10.
On the technical side the 4h chart , the MacD crossing to the upside of 51.73 holds 54.97 is the next target than 57.30
The contract that was purchased was a $55 call for $53 the stop loss would be 38 since the bid and ask was wide the stop loss would be around $30. If the price of the contract goes to $30 we will close this trade.
$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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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.