Twitter Goes Bullish (Can It Hit Above $120?)Twitter (TWTR) has been on the headlines lately with Mr. Musks stealing the show...
Is he doing a good job?
Let's ask the chart.
We can see a low hit March 2020.
We have a long-term higher low hit February 2022.
The peak happened February 2021 followed by a year long correction.
After this correction, bullish signals are starting to show up.
First, we have a rejection April/May this year around EMA50.
Another rejection at EMA50 in August followed by only 3 weeks red.
Now, the Twitter (TWTR) stock managed to conquer this level late September early October 2022 and the ball changes hands towards the bulls.
We had a volume breakout three weeks ago after TWTR conquered EMA50, which supports this move as real and strong.
This week is also full green and you see on the news what has been going on.
Based on Fib. projections and the chart structure as a whole; This is the weekly timeframe... Twitter is getting ready to grow.
CHANGE
Short-term a breakdown and close below $44.44 would send a negative signal but the chart would still be leaning bullish.
A break below the down-trendline or the July low would be much worse and the analysis would be invalidated as the bears would gain control.
CONCLUSION
Twitter can move above $100 but we have to see how $68 is handled on the next bullish jump.
Thank you for reading and for your continued support.
Namaste.
#Dogecoin Update : 11.15.22In the previous analysis, it was mentioned that the important appealing target for profit saving is from 15 to 18 cents, now we see that the price faced a heavy fall after reaching the range of 16 cents, and With a 55% drop, it is currently trading in the range of 8 cents! So we should know that Exit on the right time is always as important as Entering on the time!
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👤 Arman Shaban : @ArmanShabanTrading
📅 11.15.2022
⚠️(DYOR)
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¿Bullish engulfing or bullish trap?Introduce
Hello crypto community! We come from a busy week in the crypto world, and the sun is still overshadowed by various dark clouds and negative news. Remember, we have one of the highest weekly volumes ever in BTC history, a huge red weekly candle without much room for recovery. Remember that cryptosystems, even if they are more subject to speculation and the flow of smart money, first respond to the mathematical algorithms and codes that make them unique. Math never lies. If technically things don't rise and fundamentals don't help, the ideal recovery is far from happening. One big move, be it bearish or bullish, always leads to more moves slowly losing strength. We are just before the first movement Low.
Fundamentals
DXY started to recover this week, with the recovery slowing in major currencies, US500, commodities and cryptocurrency markets. The U.S. dollar index hitting the 109.3 level could lead to further losses in stocks. The bullish rally that started after favorable IPC data slowed. Also, we have retail sales data this week, more precisely on Wednesday, which will bring volatility to the market.
Technical staff
We have yet to reach support at 15.6k, we have bounced around 15.8k, found no buyers over the weekend and pulled a lot of money from exchanges due to the fear generated by FTX and its effects. If this level, which will now act as support, is not broken, we may face a partial recovery in price until the last confirmed resistance level is around 18.2k. around. Now, if we close above this level, the next resistance is at 19.2k, an area that the bears will defend.
This is not investment advice, good trades and profits! !
Accumulating on the support of previous base, don't forget it.SHIB is now building a base, on top of the previous resistance which led it to ATH. If it continues to do so, accumulating SHIB here is not a bad idea. NFA, but have it on your watch list, for your own sake of avoiding FOMO.
I expect it to front run any kind of crypto bounce.
Confirmation of breakout: retest the daily MA200 as a support. Breakout from accumulation will be volatile and strong.
Targets: 5x, 10x.
Invalidation: weekly close under the 600sat's levels.
XAGUSD (Silver)Update:
Silver retraced 78.6% of Fibonacci level leading to our target at 20.66
Still considered to be in bearish market as we have not yet broken above daily counter trend break (can anticipate a deeper retracement). Early bullish entries therefore needs to be taken with smaller risk on lower timeframe.
Market has respected daily trendline support, and moving towards potential future daily resistance (long term). As of the time posting this, retail sentiment changed bearish(most retail traders tend to lose money).
From current price we are about 150 pips away from target.
I am looking for break and re-tests of resistance levels on 1 hour timeframe with counter trend break bullish and wick rejections at these levels for entries.
Stop loss below market support structure
Take profit 3x risk
lot sizes: 2 to 5 lots
I have my eyes and alert on price 18.905 for retest of 1 hour resistance becoming support. I believe that if the dollar gains strength against Japanese Yen this trade idea may not work, however given signs of bullish weakness to break above resistance on USDJPY we can potentially see investors moving from the dollar to commodities momentarily until its confirmed that there is uncertainty in the FX market which will cause the dollar to become weaker for the time being. Until then I still hold my positions on USDJPY and looking to move some cash into silver (risk off).
#happytrading
November 10 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
Bitcoin extended its losses yesterday, briefly dipping below $16,000 and breaking through an earlier support point. In the short term, bitcoin is currently fluctuating in the range of $15,000 to $18,000, with upward pressure near $18,500. The bearish trend in bitcoin has strengthened at the daily level.
Today’s Cryptocurrency Headline
Twitter Subsidiary Registered With FinCEN as a Money Service
According to a registration filing with The U.S. Financial Crimes Enforcement Network (FinCEN), the Twitter subsidiary registered its money services business with FinCEN on November 3. The registered entity is Twitter Payments LLC, according to The Block. The company was founded in Washington State in August. FinCEN oversees the activities of the US money services business, which is part of the Treasury Department and to which registered companies must report suspicious transactions. The filing came shortly after Musk bought the company for $44 billion, and Musk had previously considered turning Twitter into a so-called "everything app." According to Reuters, Musk has talked about expanding Twitter's service to include encrypted payments.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
TWITTER: Musk announced permanent bansElon Musk said yesterday that Twitter users who have created fictitious profiles impersonating other users without labeling them as “parodies” will be permanently banned from the said social networking platform without warning.
In a separate post on Twitter, Musk said that in the past, the platform would issue a warning before suspending a profile, but as Twitter evolves a broad user verification process, there will be no such warning. Also, there will be no “exceptions”. This will be a condition for signing up for Twitter Blue, adding that any name change would cause the user to lose their identity verification token. They will not be allowed back on Twitter until the said social networking platform has “a clear process for doing so”.
Organizing such a process will take at least a few weeks, clarifying the timing of the possible return of Twitter’s most famous user, former President Donald Trump, who has been banned. The new timeline suggests Trump won’t be back before midterm congressional elections on November 08.
Twitter had a huge drop in revenue due to activist groups pressuring advertisers, even though nothing changed in terms of content moderation and everything was done to appease activists.
Musk’s fortune has shrunk by about 35%, to $209.4 billion since its peak on Nov. 4, 2021, from $320.3 billion, and the almost-sole reason for this decline is the decline in Tesla stock. Over the past year, Musk has sold $31 billion worth of Tesla stock to finance his takeover of Twitter and take it private. Since the deal has not been finalized, Forbes calculates the value of the cash (minus taxes) earned from these sales at their net worth. But the row over the Musk-Twitter deal has alienated investors, who believe Musk will pay an exorbitant amount to acquire the social networking platform and that he is recklessly selling Tesla stock to finance the deal.
From Elliott wave perspective, on the weekly chart we see Twitter trading in big bullish sideways running triangle pattern that can take some time before we will see a bullish break-out, as final wave E can be still missing. On a daily chart we are tracking a three-wave (A)-(B)-(C) rally within wave D that can find the resistance around 60 level and from where we should be aware of another slow down within wave E that can retest 40-30 support zone before it takes-off.
#TSLA could it be this simple. #TESLA to $100There are a few ways to draw a head and shoulders
Using a Logarithmic scale and target
Linear target scale and target (in this case , would mean a negative value)
Or on a percentage basis
What we have here are the log and % targets lining up for the key level of $100
⚜️ BTC/USD : NEW Week TA : 11.07.22 ⚜️Well, as you can see, all 3 important targets of $20,800, $21,000 and $21,400 were hit respectively, and after the price reached the important level of $21,400, it faced a negative reaction and caused the price to fall to $20,600! Pay attention that this level is very important for us and according to the previous analysis, the very important levels of Supply Zones are $21800 and $22200! I hope you have made the most of this analysis!
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 11.07.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
ELON's PAMPOn October 29 , DOGE rose sharply, what was it?
Many people call such impulses in different ways and very often such movements are called pumps.
History
On September 7, 2021 , there was a PUMP , which was accompanied by a gigantic volume.
The price went up sharply, after which it adjusted slightly, and then again made an incredible impulse on April 18, 2021 .
This impulse was also accompanied by a large volume, but this volume was less than at the first PUMP .
What does this tell us?
DIVERGENCE
According to the chart, we see that the price is rising, and the volume is falling, and this is a sign of an imminent reversal.
This is often observed with an artificial price movement or with a PUMP .
If we look at the trend line, we can see that the price, after the PUMP , returns to the trend line, as if reaching a balance.
Most often, the PUMP is accompanied by news.
As we know, Elon Musk bought Twitter , and not just bought it, but is going to make DOGE the main cryptocurrency for making payments to Twitter .
Around this time, the peak was formed on October 29, 2022 , accompanied by large volumes.
How will this affect the price?
Share your opinion.
DOGE LOVEDoge coin has the power of love behind it. It is the coin of love and light. With it we will do the most good the world has ever seen as we collectively wright the wrongs of our previous generations corruptions.
Welcome to new world money.
#LOVEDOGE
Good Luck, God Speed, love and Light to all!
Follow along for more glimpses into teh various future realities. We get to pick, as we manifest reality as co-creators.
Go Doge Coin Go Doge Coin Go!
Doge - A game of dogs and birdsSince Elon Musk took over twitter this thing pumped nicely. Every day there are more developments in the news about the future of this coin. What makes it tricky is the tweets from the "Chief Bird" have great impact on price movements. God forbid he posts a picture of a different breed. Otherwise high probability of more upside after the price established a new higher low.
Dogecoin could surpass 20 cents before the end of November!There`s still a possibility we could go as low as .122 only if bitcoin correction becomes worse as the fed meeting nears but the worst-case scenario is .115 so I would suggest you adjust your margin accordingly just in case.
Dogecoin is definitely headed for 20 cents in as little as three weeks based on the current data.