GBPCHF - The Buyout, Accumulation.I've decided to go for the long term trade. One I categorize as blockbuster . Potential chance to receive a massive reward in ratio to a loss.
- Here's my reason
With GBP falling treacherously an influx are buyers pusher it back on. Meaning two things. One: An exit of sellers ( Less people selling the pair) Two: An abrupt of buyers getting in a record low prices.
Now within this parallel channel we see the opportunity where resistance is holding, buyers are interested.
Value
GOLD BEAR FLAG UPDATEOur GOLD BEAR FLAG literally could not have played out any better. USD strength is being bolstered by multiple good data releases but that final rate hike and impending recession is on the horizon, gold eventually will be the best buy BUT Anyone who was not expecting this drop is realistically suffering from "Over-Analysis" as this example of a BEAR FLAG is so TEXTBOOK that it could be used as a "Forex Tutorial" on what a proper bear flag should look like. From here on out GOLD is essentially in a FREE FALL. Any buyers are going to be completely and utterly demolished, until a BOTTOM is found and this bottom isnt going to come EASILY.
FIB extension tells the clear story, gold has a LONG WAY TO GO FROM HERE
Do not get caught on the wrong side of this falling knife. Looking to enter long term buy swings at key fib levels: 1780, 1730
Pair Trading : BTCUSD & ETHUSDWhen the Spread Price of BTCUSD & ETHUSD closes above the
upper Bollinger Band, short the pair.
Short BTCUSD.
Long ETHUSD.
Order 14.59x more ETHUSD than BTCUSD.
Where 14.59 is equal to the pair's Ratio (BTCUSD / ETHUSD) & the Spread Price is equal to BTCUSD - ETHUSD * 14.59.
SOL positioned for breakout! (mobile phone releasing early 2023)Right shoulder is above the head and is primed to move through that ascending channel into a range of $26 USD. Don't be surprised if we achieve that before midnight Sunday. Be enthused when you see it back at the $30 USD mark. Sell pressure has waned for a reason. Fundamentals are out, Solana Mobile is releasing the worlds first and only crypto phone & every SOL based project is making a push to be in the dApp store. The major caveat being the SEED Vault.
A SEED is like having a phone in a phone. Your passwords & seed phrases are essentially air gapped. No one can access your SEED Phrase. No malicious third party can use an ad network too violate permissions. Thus making the phone & your Solana Quantum proof.
This isn't an ad, i'm not sponsored... i own a developer test kit model so i could beta test GRIZZLY HACK-A-THON projects. For the past two weeks it's given me overwhelming confidence to UP UP UP my SOL bags. No other chain has a 512 GB phone or a Quantum seed vault. Holding Solana is like holding Tesla stock pre-split. The business venture is backed by Google & Android.
EoY prediction for SOL:
$1355 USD is what i have personally set targets for on a per unit basis. No price prediction target forecast genuinely factors in the Solana Mobile venture.
The phone is ideal for .... "Blockchain Gaming", "Solana Pay", & NFT/credential storage
An analysis of the total Blockchain-wise NFT sales volume over the last 30 days would reveal that Solana is at the second position. Recently, Solana Ventures and the Solana Foundation formed a $100-million fund to help support the growth of NFT, blockchain gaming, and DeFi projects in South Korea.
The blockchain registered a month-on-month increase of over 18%. Ethereum, on the other hand, saw a decline of 23.75% during this timeframe. The recent spike in these NFT volumes ultimately renders SOL to be more useful while revealing the underlying growth of its NFT projects.Also, Meta's intentions to include Solana-based NFTs on Instagram reignites recovery hopes for the token.
USD 15.54 Billion
The global Non-Fungible Token (NFT) market size was USD 15.54 Billion in 2021 and is expected to register a revenue CAGR of 34.2% during the forecast period. In 2021 North America was attributed to 52.8% of global volume.
DYOR | Not financial Advice
BNB return again?Hello everybody, to be honest, I am a little bit surprised by current market behavior.
The fundamental is not positive latest week for whole crypto, but in case of BNB is catastrophic.
Since 12 of Feb we had big portion of FUD to Binance again, and now SEC attacked BUSD that does not relate to Binance and emitted by another company.
Before that, SEC attacked Kraken and prohibited of staking crypto.
Finally, yesterday congress invited SEC with some report and suggested preparing some recommendation what to do instead of attack everything.
BNB retested $281 price that is support line since 18 of Jan and buyers bought back price to previous support level of 300.
The most popular coins prices is returned.
I see now the good price for enter to BNB and big potential. In complex with high stop loss for case of another fud.
Gate to HadesDXY strong, EUR less than a §, interest rates rise, 140K BTC from Mt. Gox to be repaid in August (and assumedly sold asap )
This is HUGE pressure on the Bitcoin .
The BTC USD chart clearly shows that BTC lost 35 to 50 % in each of the last 3 major drops since November 21. The one coming smells like another major drop as well, reasons above. We should expect at least a 30% drop until mid August. Currently BTC is trading at 20K USD. Drop will continue towards 14 to 10K range. A support may occur around 16K since it was a resistance before BTC went through the roof.
Don't take this as an advice. I am still learning and don't own a glassbowl yet.
Will CPI let Bitcoin go higher? Good conditions in NDX and DXYCurrent slope of bearish movement is lowering, meaning that that maybe a pivot point will happen here and BTC goes higher. Since we are at a good place near heavy support, it may be a good idea to go long AFTER CPI report gives the market confirmation.
Here you can see that NASDAQ reacted to the bullish trend line.
And Dollar Index reacted to the bearish trend line.
Good conditions at US market so there is no pulling down from macros. Let's confirm going long after CPI report and seeing the winner of bitcoin's own bull/bear fight.
Bitcoin Ordinals: a new era for nfts or just a passing trend?Bitcoin NFTs are all the rage right now because of the launch and huge success of the "Ordinals" protocol. Ordinals provide a new way to create NFTs on the Bitcoin blockchain. The latest increase in Bitcoin resources is due to the launch of the CryptoPunks (Ethereum-based NFT) collection equivalent to Bitcoin. Although all the hype is meeting with mixed reactions from the web3 community. So what are Bitcoin ordinals?
What are NFT ordinals?
On January 21, software engineer Casey Rodarmor launched the Ordinals protocol on Bitcoin's blockchain. Each Bitcoin can be divided into 100,000,000 units called "sats" (short for Satoshi). This new protocol allows users and builders to inscribe each "sat" with data, known as ordinals. This data can also be smart contracts and then NFTs can be minted on them. In essence, the Ordinal protocol allows builders to create NFTs on the Bitcoin blockchain.
Furthermore, one of the key distinctions between Ethereum-based NFTs and Bitcoin is that Ethereum NFTs usually point to off-chain data on the IPFS system. With this protocol, all data is inscribed directly on-chain. "An Ordinal is meant to reflect what NFTs should be, sometimes are, and what inscriptions always are, by their very nature," Rodarmor says. This new ecosystem could benefit the NFT industry in general by enhancing the very concept of digital collectibles. In addition, because of the entirely on-chain data enrollment for Ordinals, Rodarmor refers to them as something beyond NFTs, calling them Digital Artifacts.
How do Bitcoin Punks change the game?
February 8th was just another day in the web3/nft space, until a Twitter profile with a dozen or so followers and a discord server with just 20 members appeared on the scene.
To make the BTC Punks website, the team of developers checked the hash of every image uploaded to Ordinals and compared it against the original 10k punk images. The links to Bitcoin Punks are the first-seen inscriptions (lowest ID) that contain these hashes on Ordinals. After a few hours, everything changed, and the storm of bitcoin punks began. The fomo spread quickly on Twitter and among the various discords, with a real onslaught of inscriptions of these punks, even slowing down the bitcoin network.
In many ways, Bitcoin Punks mean a new wave of NFT bitcoin, digital collectibles, and marketplaces. Bitcoin Punks are the first byte-perfect uploads of the original Ethereum CryptoPunks onto the Bitcoin Blockchain using Ordinals. The entire 10K collection minted out in less than 24hrs, with one Punk (#620) sold for 9.6 BTC (~$214,766.50). However, one of the problems with the project at the moment is that there is simply no market to buy and sell the cryptocurrency once minted. But this, of course, does not prevent the Web3 community from buying and selling the digital pieces.
So far more than 80k ordinals have been inscribed on Bitcoin's blockchain. There has also been a backlash against the entire protocol from Bitcoin maximalists. According to them, the whole idea of Bitcoin NFT is against Bitcoin as a financial resource. Some even argue that Ordinals are just a waste of network space compatible with Bitcoin.
How to actually purchase ordinals?
To purchase an NFT Ordinal , one must first download a Bitcoin-compatible wallet. I've been using a Sparrow since the beginning of this new "meta". Once done, the user must then follow a detailed guide from GitHub to make the BTC wallet compatible with Ordinals. Next, the user must run their Bitcoin node and inscribe an ordinal (which would not be possible with bitcoin punks now since the project has been minted). Then there are two other options available for people to purchase a BTC Ordinal NFT.
Using Emblem Vault and buy ordinals on OpenSea, with ethereum. Emblem Vault is a tokenized multi-asset wallet on the Ethereum blockchain that can contain one or more tokens or NFTs. You can use Emblem Vault to trade portfolios of NFTs and cryptocurrencies, including assets from different chains, as a single token. Most of the nfts collectors are using Emblem to buy and trade NFTs on Bitcoin.
The other easy way is to find ordinal owners and purchase it from them directly (OTC). Owners can be found on Discord servers. Browsing the link-your-project channel on their discord allows users to explore what Bitcoin projects are out there. This is, of course, a huge risk for potential customers, as the sites and discords could be total rugs. Also, unless there is trust between buyers and sellers of the project, it can lead to scams and fraud. In addition, BTC ordinals can take hours or even days to appear in your BTC wallet.
Create an Inscriptions.
Moving on, if you want to create/register an Ordinal yourself, there are services out there that allow this. The services allow users to register them without actually running a node. For example, the popular Bitcoin project Satoshibles has created an OrdinalsBot, which allows users to inscribe NFTs into their Bitcoin wallets. I personally used OrdinalsBot to inscribe Bitcoin Punks during the first day of "mint".
Barrick Gold Screams Value !Although Barrick Gold currently trades at its most attractive valuation since the end of 2015, but the company is in much stronger shape than it was 7 years ago.
Take a look at the following numbers:
Year 2015 2016 2017 2018 2019 2020 2021
Total Assets: 26.31B 25.68B 25.31B 22.63B 44.39B 46.51B 46.83B Tick Mark
Total Liabilities: 16.89B 14.99B 14.28B 13.25B 14.56B 14.80B 14.56B Tick Mark
Total Common Shares Outstanding: 1.17B 1.17B 1.17B 1.17B 1.17B 1.17B 1.17B Tick Mark (No shares dilution)
Based on above numbers I see a company with sharply declining costs and improving margins even in a weak gold price environment.
While the Market Cap is 25.091B, The EV is standing at 36.03B & Book value per share is at 13.39. It literally means if this company gets liquidated which I don’t think so, I will get my money back at 13.39 per share. Only Ali Baba has similar metrics. In short these metrics mean I'm buying this company for free and this shall be our bottom.
GOLD BEAR FLAGGOLD CUP & HANDLE on the weekly tells the overall story. Gold is getting ready to make a bottom, Before new highs
Right now we see a BEAR FLAG that was formed, with a BROKEN NECKLINE. This is a nice continuation and frames our overall trajectory for GOLD very nicely.
Cup and Handle on the weekly is showing that a retest of a bottom will happen before a new top is created and the pattern we see here is a medium term sell signal into said bottom.
EBIX Long Options StrategyInternational SaaS and technology company Ebix offers software and e-commerce services to the insurance, financial, travel and healthcare industries. It recently announced that it closed 2022 with record volumes on AnnuityNet4 (AN4) --its annuity exchange platform that handles roughly 70% of the electronic annuity transactions in the industry, integrated with partners such as Cannex, DocuSign, OneSpan, DTCC. Other areas of business include CRM, Forex, and e-learning solutions.
Fundamentally, Ebix has a market cap of 623.2M and P/E of 9.47x -- with price targets from $43-150, averaging $97. TA-oriented investors may spy some consolidation into a falling wedge as well as some possible bullish momentum. But tech stocks in general are volatile in this market, and it's hard to tell if this small cap will chop or rally.
With this options strategy, capture up to 12% (20% annualized) of the potential gain while also allowing EBIX room to fall 63% before losing any of the initial investment.
Hedged like this:
Buy 1 $20 call
Sell 1 $22.5 call
Sell 3 $7.5 puts
Exp 9/15/23
Capital Requirement: $2239
WSB. Future phenomenon.The formation prospect of a golden cross is encouraging. Breakdown target of the descending channel is 260% higher than the present one. Preparing to launch a DApp . If you remember what they did with the GameStop shares, then you understand how strong the community can be. WSB $1. That's my target. Call me moon boy.
I believe in the power of community.
XRP global FLAT 760%Global channel step 760%. On average, the price of an asset passes 30% in 1 month and is at the resistance of a downtrend!
Pay attention to the weekly tf
The price is at the resistance of the local flat 0.4194 - but if you look a little wider, the price is in the middle of the accumulation channel from levels 3120 to 5489
Screen Setup for Fundamental AnalysisRecently I experimented with TradingView's "fundamental metrics" feature by mixing and matching up the financial information indicators. Finally, created a dedicated layout called "Fundamental analysis" and I like it a lot. Realizing that this feature is receiving less attention than it should be getting, I've decided to share my setup with everyone who's reading this to see.
Setup :
I've split my screen into two sides with (i) symbol, (ii) interval, and (iii) time all synced up.
Left screen : Trend analysis on financial performance (the income statement)
Right screen : Trend analysis on financial position (the balance sheet), along with changes in cash positions (statement statement of cash flows)
They're all just high level breakdowns. We are not trying to come up with companies' intrinsic values by just staring at bundles of colorful rainbow lines.
For each quadrant, I've placed the key Financial Statement Line Items (FSLIs), and key ratios (i.e. activity, liquidity, solvency, or profitability ratios) that are relevant to my decision making process. This is not a standard template because every value investor is different in terms of what they want to see at first sight when presented with companies' financial statements.
TradingView had by default put labels with numbers on them, I removed all of those because I'm just interested in looking at the trends. If I need the exact information, I'll either dig up the SEC filings or go get copies of analysts' reports. But before ever doing that, I want to get a quick mental snapshot of the company's financials.
Example : A quick walkthrough of TSLA (by just looking at the layout as shown in the example) over 5 years; As of latest quarter:
(A) Financial performance wise:
- EBIT and EBITDA had increased, all thanks to ramp up of revenue, and helped by decreasing of COS and OPEX.
- as a common shareholder, it's great to see basic EPS increasing, but beware of dilutive effects
(B) Financial position wise:
- from perspective of a shareholder, it's great to see debt decreasing over time; shown by decreasing in net debt, corresponded by decreasing of D/E.
- with increase in interest cover ratio, it tells that TSLA is starting to make enough money to have enough EBIT to cover their finance costs; good
- overall liquidity wise, there had been decrease in quick ratio. This is explainable due to increase of inventory as shown by the gray line. This is okay, as long as inventory turnover is stable going forward (inventory activity ratios can be added if wanted, but I just plotted total inventory; normally I just want to know whether companies hold inventories or not).
Advantage of this setup :
- I can go through my TradingView watchlists and spend just 5 to 10 seconds on each company to get brief insights of their fundamentals.
Disadvantage of this setup :
- The scale is a problem. By default, they are auto-fitted. Due to nature of different FSLIs and ratios, you cannot resize them to obtain a meaningful universal scale. Be careful when deciding to work with comparatives with this setup. Example: if you look at basic and diluted EPS, it seems like the dilutive effect is immaterial because the lines are are stacked up. But if you look at the scales, they're completely different!
Doctrine of the Mean
Stock price is at $1.00.
Mean price is at $2.87.
Golden pocket is at $4.20.
Bullish RSI divergence after a 95% pullback
People actually buy their weed for $120/oz because it's quality (AA/AAA), consistent, and readily available.
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= 420 YOLO
Medium to long-term trade setup. I will be feeding the ducks this summer (June/July)
Gold to 1958.60Gold is starting to seperate itself from equities ad it held strong while the Nas100 sold off today on 2/02/23.
VERY strong imbalance to the upside and these gaps must be filled.
50% of the large imbalance also alligns perfectly with the 50% of the fib for a goldenzone retest before making it's way to the bullish candle liquidity grab at the top as indicated on the chart where the PDH is.
I think Monday's high will act as support along with the golden zone PWH after a retest to futher fill the green FVG box and upper black box imbalance.
On 1 Feb 2023 Indian FM Will Talk on Crypto Regulations.......On 1st Feb Indian Finance Minister Nirmala Sitharaman is going to announce budget of India. I am expecting that she will definitely talk about crypto regulations in India.
As Wazirx is leading exchange in india right now, if something positive is for indian crypto community then WRX coin and other well reputed indian tokens will pump hard on tht day. So lets trade this upcoming new
This trade is completely based on news, if something unfavorable news comes WRX will dump too...