Twitter 1 year prediction : bearish As much as I like the twitter platform, one has to admit this social media is plagued with bots, scammers, fake news and censorship.
On top of that, the CEO Jack really lack focus on this company, as he spend much of his time on SQUARE and/or living in Africa or promoting shit like cashapp and BTC.
So, I'm starting to see a pattern here that is short term bearish.
If we break down this dark green trendline, short this stock to the ground to show twitter that you dislike their policy.
If you agree with this idea, and/or you believe this pattern will develop, follow and like please :)
Good luck
Steem - Jack's AccumulationAs you may have seen, Jack Dorsey - CEO of Twitter and Square - recently put out a thread on twitter talking about his plans for a decentralized social media standard.
You can view that thread here: twitter.com
Jack Dorsey is a well known supporter of cryptocurrency and block chain development. In his popular cash app, you are given the option to purchase Bitcoin. Now he's talking about supporting a block chain standard for social media.
In his thread, Jack mentions his associate team of developers that go by "Blue Sky." He makes a very interesting point, without giving too much detail of his plans. He says that the Blue Sky team will use an already existing block chain project or start from scratch.
You'll notice he removes all responsibility and liability from himself by having the work done by a separate entity. This is a smart move legally, and gives a look of social responsibility. But let's be real, Jack is a capitalist. He's an active CEO of two publicly traded companies, Twitter and Square. He's going to have a share of whatever ecosystem is used.
On top of that, why would Twitter dump money into a project to do work that has already been done? Developers are actively working on block chain out of passion. It would be in their best interest to coop an already existing project. Doing this saves Twitter and Jack money in the long run.
Another point - there is going to be some serious money made here. While Jack paints a rosey picture of a decentralized web, the end game for this project is to make a small amount of people ungodly amounts of money. Having an existing project in their sites gives insiders a chance to accumulate the tokens of an already existing and actively traded financial instrument.
Though I am pretty confident in the abilities of the Steem network and its viability for Blue Sky, I could be wrong, and there is definitely financial risk in taking a bet like this. IT IS SPECULATIVE.
Let's get into the meat and potatoes...
Steem took a dive the last 2 years. A high of $9, all the way down to $0.13...
It's gone down quite a bit, and there is room for more. I show a potential downside of 56% from here. BUT, I do think a bottom is close to forming. It'll either be at $0.09 or $0.05. That's quite a spread, but if the Steem network is used for corporate development, it doesn't make a difference in the grand scheme of things. There is inherent risk in this trade, and it is wise to find a prudent and safe as possible entry. I would say the safest entry would be at it's all time low of $0.05. But just know if you wait around for it, it could never come.
I personally will start entering the market at $0.09, knowing there could be more downside to come. I do think at $0.09, we could start seeing a more legitimate bottom forming, pairing with a break of long-term overhead resistance.
The alternative is a breakdown below $0.09 and a rush down to $0.05. This would flush a lot of weak hands out, giving the big players a longer time to accumulate, so I don't think it's out of the question.
I don't like to make definitive price targets, but if I had to, I expect about $0.25 by 2021.
Here are the tickers for Jack Dorsey's companies, Twitter and Square:
NYSE:SQ
NYSE:TWTR
Thanks for reading.
TWITTER STILL GOT STRONG BULLSTWITTER BCBA:TWTR printed a double top and had beautiful selloff with strong volume and quick market reaction, i began anticipating a slip to a downtrend , however looking the 1D chart i observe
the bulls pulled a strong bounce off its 2 year uptrend indicating its selloff pressure maybe exhausted.
I have highlighted the trading zone ($27- $46) for the next year and the ascending triangle its currently building up which is bullish for the long term
Trade opportunity is to open a long position when the trendline is re tested . I expect bulls to protect the price around the trendline so i expect a retest to $30.5 then push to fill the large 16% gap at $37.8
This trade invalidates if $TWTR price trade below the highlighted bottom range $25.5 then a short trade should be open if twitter trades below $25. 5
LONG TWTRTWTR has been a buy under $30 ever since 2018, twtr stock was punished for missing last ER, and I believe as a result it has presented us a buying opportunity to ride it back to 35 which computes a 15% upside from the current levels. This company has established its place among the social media giants. It is not going anywhere and will continue to grow. Buy anything under $30.
Twtr short term long biasHello everyone!
This is tweeter short term long bias.
Price have reached to the previous weekly strong demand and that is not easy to break. It takes some time. Hopefully market may show us some pullbacks. So good time for catching small demand rooms to earn some pips.
Enjoy the weekend.
Twitter investors outragedHello, Traders!
Monfex is at your service and today we overview Twitter.
Twitter reported revenue and profit in the third quarter below forecasts, explaining this by problems with advertising, as well as unusually low demand during the summer.
TWTR in a little descending channel and a large gap of -10%+ that has a pattern of fill, so we can expect some rise to $37.5 in long-term.
The local resistance zone ~ $34.5
The local support zone and a Key buy level ~ $26.7
Market Cap
24.422B
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
BTCUSD TO FALL FURTHER50EMA to test 200EMA Bearish Cross
Trading currently at its support at 7400 which should fail after bearish cross and stop at the next support at around 6000
RSI shows strong bears over bulls to push btc down
Wait for the further fall untill 6k buy zone as you can see in the green circle ! Patience will reward !
Twitter SHORT like Forecasted YesterdayTwitter has disappointed and is falling in a big hole.
But in my oppionion such a drop doesnt come out of the
Nirwana.
As the Long trendline has been broken in September
and trading below major support these stock has been
ready for that fall.
In my eyes, the chart tells us all and here the buyers have
been gone away from that stock since weeks.
Thats a sign of no confidence nad the reality comes
now.
We have to wait how far it goes for a further analysis.
DONT !! catch in a falling knife (you know...)
Good trades
Good trades
If you want to support my work please like them...
and if you want to know more about my trading style
please send my a boardmail.
Renkotrade
TWTR Twitter SHORT but Datas to come Whatch the trendlineHello to all watching my charts.
Here in a daily Timeframe my view of twitter before
earinings.
Of course somebody will tell:
Wait untill earings to forecast but i think its interesting to have a
view on Twitter before !
and only in a technical view
Than we are able after the earings to confirm the technical
view or to change them cause of big buy volumes
for example,
cause ist eays to see that Twitter is in a short mode
at the moment broke support and broke trendline.
My channelsystem tells me short.
Lets have a look again tomorrow to see whether
i am right or not.
Good trades
If you want to know more about my trading style
please send my a boardmail.
Renkotrade
Twitter update testing trend lineAnother test on a confirmed trend line, seems like wave 4 is about to finish.
Long trade on the break of the resistance (see 1 hour chart below). Targeting back to the highs of last month.
If the line breaks, then more area to the downside could be opened.
Good Luck!