Dogecoin Rallies After Elon Musk Joins Twitter BoardYou may have heard that Elon Musk had just bought 9% of shares in Twitter and has become one of their newest board member. This prompted a rumor that the billionaire will be trying to push for Dogecoin to be integrated with the popular social media platform itself, prompting a rally. (No confirmation on how true this really is, however.)
Though it's good short-term news for DOGE, in earlier ideas I did warn against using DOGE as a speculative asset since it's primary focus seems to be utility/liquidity - which often is at odds with the idea of turning a return.
SHIBAINU Daily TA : Result +25% ✅Since the last ShibaInu analysis , the price has returned more than 25% and is currently trading in0.26 zone below the level of 0.297 (writing zeroes has been ignored), to continue the uptrend, break And consolidation above this level will be very important, important supports are: 0.25 and 0.225 ! The next targets are 0.32, 0.35 and 0.40, respectively! This analysis is an update and the result of previous analyzes, all supports and resistances are marked on the chart, however, if you do not understand any part of it , be sure to leave your questions in the comment section.
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📅 04.05.2022
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Elon Musk Buys 9% of Twitter (And Gets a Board Seat)Seriously kudos to Elon Musk.
First of all, the $3 billion he spent on Twitter is actually a pretty small fraction of his net worth. And he recently sold a ton of Tesla shares. I am sure the tax bill was massive.
Nonetheless, he took some of his money and pushed the chips all in on the service he loves and uses daily. Musk does not use any other social network but Twitter. This network has largely helped create his entire brand. He has gone "viral" simply because of the way he uses Twitter. I call it a masterclass.
I would go so far to say that the network has even helped him get Tesla to where it is today. Remember all the short squeezes that happened on Twitter? All the debates? Tesla bears on Twitter? Buyout 420? The list goes on and on. Also, it's kind of an incredible cycle. He is already up $700 million on his investment – buys Twitter, everyone on Twitter tweets about, all the tweets spike the price, and now Twitter is pumping TWTR. Whoa.
I thought it was equally interesting that Twitter gave Musk a board seat after his stake. But this also makes perfect sense. Musk is a builder and considering how much he uses Twitter, he probably wants to fix a few things or push a few changes through.
Nonetheless, the chart above shows Twitter's stock price, PS ratio, and market cap. Is Twitter undervalued? Overvalued? It depends how far you think this platform can go in the future. Obviously they have lost to Facebook all these years, also TikTok, and even Snapchat. If Musk can actually spur some real growth, well, that might change how it's being valued.
Elon Musk Buys 9.2% Stake In Twitter (NYSE: $TWTR)! 🚀🌙Twitter, Inc. operates as a platform for public self-expression and conversation in real-time. The company offers Twitter, a platform that allows users to consume, create, distribute, and discover content. It also provides promoted products and services, such as promoted ads and Twitter amplify, follower ads, and Twitter takeover; Tips to directly send small one-time payments on Twitter using various payment methods, including bitcoin; Super Follows, a paid monthly subscription, which includes bonus content, exclusive previews, and perks as a way to support and connect with creators on Twitter; and Ticketed Spaces to support creators on Twitter for their time and effort in hosting, speaking, and moderating the public conversation on Twitter Spaces. In addition, the company offers Twitter Audience platform, an advertising offering that enables advertisers to extend advertising campaigns; Twitter Developer Platform, a platform that enables developers to build tools for people and businesses using its public application programming interface; and paid access to Twitter data for partners with commercial use cases. Twitter, Inc. was founded in 2006 and is based in San Francisco, California.
Short-term bearish reversal in play for TWTRAfter the monster 25% rally in pre-market earlier today, TWTR has now reached a key resistance zone around $49 per share. We are seeing strong selling pressure occurring on above-average volume, which apart from profit taking from the Longs, also comes from the VWAP resistance line anchored all the way back to the huge downside gap for the stock on April,30th 2021. This is the first test of that level since the current bearish trend for the stock began back in late October last year. Thus, we believe that there is a high volume of pending SELL orders around that VWAP line, which will put heavy pressure on the price. In addition to that, we also expect to see a substantial pick up in the VIX in the coming sessions, which will put further pressure on stocks that have overextended themselves to the upside in recent sessions.
Since the market opened today we've had a pin bar forming on the 45 min chart followed by an inside bar after that. This is a typical and reliable bearish reversal signal, that we believe could send the price sub $45 in the near term. We will keep our Stop Losses tight at $51.18, in case the stock makes another push higher, even though that from what we are seeing this is unlikely to happen.
Good luck!
Kind regards,
Dow Experts Finance
!!! Twitter !!! Analyzing the excellent entry by Elon Musk.Analyzing the excellent entry by Elon Musk !!!
Below 0.25 Fibonacci speed resistance he didn't think twice and made a great investment.
With this trend the next target is at the 0.618 line for the next few months.
Congratulations Elon musk, but let me know first...lol.
This is just an idea.
Be careful.
TWTR Elon Musk just took a 9.2% stake in TwitterIf you haven`t sold TWTR at $65.50:
then you should know that Elon Musk just took a 9.2% stake in Twitter valued at close to $3 billion as of Twitter's closing price on Friday.
With 80.2Mil followers, Musk has the 7h most-followed Twitter account.
That being said, Twitter remains an unprofitable business since its launch.
Strong resistances at $48 and $54.50.
Looking forward to read your opinion about it.
Trading Idea - #AboutYOUMy BUY idea for ABOUT YOU:
Buy: 12.50 EUR
Target: 20,50 EUR (+64%)
Stop: 9,75 EUR
ABOUT YOU is a German online shop for clothing, shoes and accessories based in Hamburg.
The company currently employs around 400 people from 25 countries.
1. the operating result (EBITDA) of the past year is slightly above market expectations. Below the line is an increase in sales.
2. AboutYou has good growth to show in a difficult year 2021. This increases optimism for times of market recovery.
3. The business is strongly focused on Eastern and Central Europe. A calming of the Ukraine-Russia conflict could lead to a further boost in sales.
4. The current risks seem to be already priced in. Accordingly, a bottoming can also be seen on the chart.
5. On 1H time units, an inverse head-and-shoulders formation can be seen. In the classical context, this means the end of a downward movement.
Crypto is hard to read, simplify your charts, deep breathsWe know that Trading View is full of very good analysts that know their way around a chart. But it wouldn't be surprising if BTC and other alt-coins are still out of their comfort zone. This is totally understandable considering crypto presents a fundamental structure that is based on an automatic protocol, each crypto has a different protocol, and those protocols all interact with BTC in different ways. This is very different from the stock market or any economics you've ever worked with. On the micro scales, it's not difficult to carry-on as usual, but not fun when BTC drops into oblivion and drags your investments down with it because of some MACRO scale swing. We truly believe that if you want to understand alt-coins you need to understand BTC. If you want to understand BTC, you need to be thorough and learn from someone who knows what they're talking about. There is more BS in crypto than you can shake a stick at.
Understanding BTC is more of a science than it is a skill. Learn from seasoned vets.
Reason for the post:
- We wanted to make this post to introduce ourselves.
- To let you know that we're all about tidy charts / cutting the BS
- To show you what we've been working with.
- To show you that we might have got a lucky swing at a Cup & Handle
This chart is the one we've been working with for basically 6 months. We'll reduce this down much as we can, because we know you're busy.
Effectively what you're seeing is a Bear Flag that's happening on the 1-Week/Month charts, which is forming a main support on an upward angle angle. (same angle on the resistance too). The price of BTC and its underlying assets rifled their way through the bullish gains of 2021. Since Late October, the market has cut through all it's bullish fib-channels but eventually started the slow down in the last couple months - this has the makings for a run-of-the-mill C&H. There are other possibilities of how this plays out, but this is the most likely at this point. If there's a failure point which makes this chart obsolete, we have back-up drawings to stay adaptable. (Labeled, grouped and hidden, this is the way!) Anyhow, what this chart is essentially saying is, ATH @ 69,0000 didn't feel right, let's push the needle one last time. And it would be right by saying that! If the 1-Week/Month macro is calling for a Bear Flag, it would want one last crack at an ATH.
Pretty simple, but let's not get ahead of ourselves. At this point in the game, there can still be some unease around any corner. If we are, in fact looking at a simple Cup, we added some Fib-retracements as "points-of-interest" for you to consider..Most of the time, crypto is a technical mess, but don't get bent out-of-shape if an easy chart presents itself - take the W. It doesn't ALWAYS have to be complicated.
We'll give you more updates as time progresses, but we wanted to get this out before people fomo-panicked into a position without considering this simple idea.
Thanks guys, happy trading. (Just so you know, "WE" is referencing something we've been working on and are likely to be bringing some of our twitter traffic through Trading View for our crypto followers)