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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!
DLong
by TopgOptions
14
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.
TVC:DXYEducation
by Mayfair_Ventures
Interesting events at Bitcoins high & lowsJust playing around with @TradingView Features - looking at the "all of BTC History" chart - this got me thinking. What happened in world news and events on the highs and lows? Anything significant or interesting. The one thing I didn't include was the launch of Ethereum. Which was July 30, 2015, encase your wondering. Thought this would be interesting to share. I won't paste links to each article - but used a site called "the week" to pull up historic dates & events. 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.
INDEX:BTCUSD
by Mayfair_Ventures
4
📖 Trading Books 📖As a trading coach & mentor, I often get asked about where to go and find resources. Anything from books to specific strategies. So I thought it would be interesting to not only share with the community some books I have liked over the years. But to ask for your favorite books, any suggestions - any thoughts on the books listed? Even if they're slightly outside of the conventional trading manual concepts - there are some great Wall Street stories, banking or business esq books. Be great to get some conversations going! Here's the second wave. The next wave - moving away from trading manuals per se; Another list; And lastly some books worth mentioning but were just off the top 20 spot. So what are your best books? why? what do you make of some of the books mentioned? 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.
Education
by Mayfair_Ventures
52
#SPY OR SPX500 OR S&P500 ANALYSIS FOR MARCH 2021Hello Traders, Welcome to March 2021, It has been quite the mixed start in the markets especially with the huge sell-off in the Technology sector. This has alerted us to activity taking place in the market and we've decided to see if it's really a turn for a BEARISH Stock Market but it doesn't seem that we are there yet. After the week of predominant sell off in the markets, we've spotted the S&P Index for a Buy opportunity. As of now, this week seems to be in corrective mode after February's buying, so we shall see next week onwards if bullish action continues above $3900 and higher. TVC:SPX The Trading Regime. Always trade ONLY with what you are ok to lose. Recommend max 3% of account balance per trade, 10% total account exposure. DISCLAIMER: Futures, stocks and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures, stocks and options may fluctuate, and, as a result, clients may lose more than their original investment. ... All trading strategies are used at your own risk.
AMEX:SPYLong
by EvaultFinancialGroup
short term long to short US strength could be the LPSY of the AUD - this means we could get a high to the BC, some rangebound moves and then the drop to around 74000 level. in terms of Elliott, we are either in the 3-4 down or if we get a new high here it will be a fake-out and then down. 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.
Long
by Mayfair_Ventures
4
Don't Be Fooled By BEARISH GOLDSome interesting info on Gold. Reading a couple of articles on Gold. I feel the general consensus is Death to Dollar & Strength on Gold. I feel the Global pandemic has shifted the normal correlation across the entire market and possibly every instrument. If you look at the spike in the U.S. 10-year Treasury yield, dealing gold a series of setbacks. This is far from over... Coupled with the geopolitical risk component that has held up gold for decades has almost vanished too, with the shiny metal falling instead of rising from a recent flare-up in Middle East tensions. Things are not what they seem. From a technical standpoint only; Main swing from the 2016 low has made a 1.618 spike and pulled back to the 100% Level (1) before shooting up to the 2.618. Secondly - the 1.618 level on the smaller swing move is around the $1,655 level. We could see this level. Step up to the monthly level and we can see an extended Regression channel - touch the outer channel. Supported by monthly Stochastic pointing down. This shows the levels of trapped traders - currently in Long positions - If you look left, we could see a repeat of this last spike down. Xau (Gold) Strength is also falling still and has room even to the 50% level as per the strength indicator. Drop down to the daily & we can see the price has broken the X-Trend structure to the Bearish side. As well as the XAU strength being less than the DXY in the short term. So in the short term, we could expect some more moves to the downside. A potential push up to the trend around 1,850 could be the current roof until the move down completes. 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.
FX:XAUUSDShort
by Mayfair_Ventures
10
Short and Long moves playing out EURUSDAs this pair is currently in an overall uptrend it's only now nearing its 4th wave completion of a weekly Elliott wave. Supporting this aspect of the move, there's a 5th wave extension measured with Fibonacci levels, just under a daily imbalance zone (further magnetic pull to the downside. You can see the basics of the Elliott move - I have highlighted it using Midpoints of the price to make it clearer to view. In addition to this the DXY which is counter to the EU - has a weekly bias to the Bullish side. And of course, the opposite then applies to the stochastic on the EU itself. The above also shows the Golden zone for the major Fib pullback between 50 & 61.8%. In terms of momentum, we have a download of pressure shown on the Oscillator. Our Quadratics Indicator also shows a move from above the Mean level coming below. There is also a Demand zone at the same daily 5th extension shown in red here; We can see the closest pull being a daily Imbalance With this being said - the overall Bias is Bullish, but we would like to see the drop to complete the pattern before the next major rally. Have a great weekend! 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.
Long
by Mayfair_Ventures
2
BITCOIN - BTC, Crypto - Short to Long (fair Value level)I don't often trade crypto as spot, but as an investment company, we have crypto holdings. Bitcoin has entered the world of investments at a professional level & in doing so, the moon is a likely scenario as they say. But to do that on a professional level, much like any other chart, a fair value needs to be obtained for the bigger players to keep their interest. With that being said - a current fair value is around $26,500 so we could expect a drop to this region before it shoots back to its $40k + high. and possibly $50, 75 or even 100k being its next slowdown. In investing terms - you will have the HODLERS, you will have the lucky, you now have the inexperienced and the pro's coming at the same pace. The Pro's and the inexperienced where probably the ones who took out the $170Bn in market value in 24 hours. The guys who jumped in at 35k+ plus saw no way of it slowing, and that's where the drop set in. If we now compare to DXY, Gold and SPx as it's aligned to all of these areas in some ways. The DXY is expected to rise, then drop again to create a weekly Elliott 5th wave. COT data supports this. The issue is - that retail sentiment is short things like Euro currently pushing DXY strength, which is a catalyst for BTC drops. This is also supported by stochastics on higher timeframes showing overbought positions and a drop on the ATR volume as a whole. Games will be played and money will be made. But you need to be careful buying at the wrong price. 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.
COINBASE:BTCUSDShort
by Mayfair_Ventures