BITCOIN'S Next Target $69,623 BREAKING NEW: TRADERS, who's ready for the second move? It's been confirmed with price action BITCOIN will continue as I've searched for trend continuation.
Smart money contraction with value line: this means the trend gets pushed down by smart money then the trend must rise. I've laid a Bear Trap in case there's one.
The red Smart Money trendline is a smart money plot that I've retraced. It's used for guidance which shows more or less the direction of the WHALES
Used Money Flow Index for guidance
Here are the next-level prices. I've considered all candlesticks that show the facts and wicks that explain the story of Bitcoin's next movements.
I've looked up plenty of price action and candlestick patterns
Next BULL RUN DATE to be released soon
Hint: It's before July ends.
Since $56k, I warned you there was a buy signal while I was on the other side of the BULL-GATE standing against the HERD, who were declaring BITCOIN CRASHES.
EXPECTED ATH TARGET $85k, I've said this in the past for many weeks.
Value
Render Token / RNDRThe price of RNDR is $1.83 today with a 24hour trading volume of 180 million dollars. This represents a 4% price increase in the last 24 hours and a 333% price increase in the past 30 days!
Render token is a distributed GPU rendering network built on top of the Ethereum blockchain, aiming to connect artists and studios in need of GPU compute power with mining partners willing to rent their GPU capabilities out. Backed by parent company OTOY, the RNDR team is based out of Los Angeles, with team members throughout the world. The RNDR advisory board boasts industry leaders such as Ari Emanuel (Co-Founder and Co-CEO, WME), JJ Abrams (Chairman and CEO, Bad Robot Productions) and Brendan Eich (Founder and CEO, Brave Software and BAT)
bulls broke 0.8, 1.2 and 1.6 resistance and ready to claim 2$. I got into rndr wen it has 220 million market-cap and here we are at half a billion dollar mc. as you see market is in correction phase which is normal and healthy so don't panic if you see couple of red candles after 300% pump
Lululemon's Drop Has Me Completely SurprisedI’m still in awe at the drop happening across fashion stocks like NASDAQ:LULU , NYSE:NKE , and even Under Armour.
The other week, I wrote about Nike and now I realize I must comment on the drop of Lululemon, which is down 50% this year and now has its lowest PE ratio in over decade all while doing about $1 billion in Free Cash Flow last holiday season.
So what’s going on?
First, let’s look at their declines since the start of the year: Nike is down 33% year-to-date, Lululemon has plunged 51%, and Under Armour has dropped 21%.
I did some research into why this might be happening, as earnings and margins are being challenged, and found the following three reasons:
1. The athletic fashion market has become fiercely competitive, maybe more than ever, with new brands entering the fray and established brands expanding their offerings. Companies like Athleta, Fabletics, and various direct-to-consumer startups are aggressively targeting the same market segments that giants like Nike and Lululemon dominate.
2. New shopping mechanics on Instagram and Amazon has dramatically altered the retail landscape. Instagram's shopping features and Amazon's expansive marketplace have changed how consumers discover and purchase athletic apparel. Brands now need to invest heavily in digital marketing and influencer partnerships to stay relevant. This shift has favored agile, digitally native brands that can quickly adapt to new trends and customer behaviors. This is a big deal.
3. Wall Street's relentless focus on short-term performance has placed additional strain on these companies. Investors demand constant growth, often pushing companies to prioritize immediate gains over long-term stability. This pressure can lead to cost-cutting measures that impact product quality and innovation. For instance, there are concerns that Nike may have compromised on quality control to meet earnings expectations, resulting in dissatisfied customers and negative reviews.
While I don’t have a position on in any of these stocks, I am absolutely watching Nike and Lululemon. At these levels, and if they continue to drop, I believe a trade will open up. I’ll share more details soon about this!
Lululemon is on my watchlist!
Small Caps Dead?AVUV from Avantis has outperformed the S&P since its opening in 2020. It recently dipped below the S&P for a brief moment before skyrocketing back above it. AVUV is not strictly a small cap fund because screens for value, profitability and momentum exposure. The recent surge in small caps has shown that diversified exposure to equities factors not present in the S&P 500 can be beneficial for those investing with long time horizons. Choosing funds with higher expected returns like AVUV might be difficult when the Mag 7 is driving the market, but you'll be very happy with your portfolio at times like this.
DJT falls on stratospheric valuations SHORTDJT, the Trump media company, had a massive run up after the DWAC merger only to fade and
fall with the SEC filing showing minimalistic revenue and negative earnings. It moved up in
meme fashion but is now falling as fundamentals come to light. In five months the namesake
will be able to sell if there is any remaining value. In the meanwhile, the board will likely
refuse an early sell permission because that would like cause a " long squeeze". DJT is a good
short right now no matter the locate and carry fees which are very high. I was long DWAC
and am now short DJT using the profits from the merger volatility. Selling volumes are rising
showing the longs are beginning to get squeezed. The relative trend indicator shows
a strong move down.
GME Head and shoulders Here we see a BULL ready to blast. History shows left shoulder and head and since a BULL Signal was created through whale movements on 7/11, then two things will happen.
1. BULL blast to void out right shoulder for a higher value or
2: play the right shoulder pattern
Either way it’s profitable
I’ve added my BLUE WAVE PLOT which is making the down move to active the BULL and my green plot is my smart moneys value price trend which shows GME to reach that high in value.
TSLA does the upcoming RoboTaxi announce change things LONGTSLA has the accouncement upcoming. Price will pump for sure. Will it then dump or
change the trend altogether? The forecasts are there. The tea leaves and crystal balls
will tell the rest of the story. In the meanwhile, I will take long trades to play this in
the immediate term. One million taxis making $250 / per day every day per each is
serious potential future growth perhaps at the expense of UBER and LYFT which may get
a bearish bias in the short term on this upcoming announcement. Playing the news
sometimes works.
Ethereum Do or Die This CycleCRYPTOCAP:BTC has been outperforming CRYPTOCAP:ETH this entire cycle.
If Ethereum does not outperform Bitcoin by the end of it, consider it good as dead next cycle, akin to Cardano.
Clearly consumers have flocked to Solana for dApps, and Bitcoin is the store of value, which leaves very little room for Ethereum to carve out its own niche as they both continue to gain market share.
ETH’s influence on ERC20 products like YFIInfluence on ERC20 Products
ETH’s influence on ERC20 products like YFI can be seen in several ways:
Liquidity: ETH’s large market capitalization and liquidity provide a foundation for ERC20 tokens like YFI to tap into, enabling efficient and reliable transactions.
Smart Contract Interoperability: ETH’s presence ensures that smart contracts, including those for ERC20 tokens like YFI, can interact seamlessly with each other and with the broader Ethereum ecosystem.
Developer Adoption: ETH’s widespread adoption and established developer ecosystem encourage the creation and development of new ERC20 tokens, including DeFi protocols like YFI, which in turn benefits from ETH’s infrastructure.
In summary, ETH’s influence on ERC20 products like YFI is indirect yet significant, providing a stable and liquid foundation for the Ethereum ecosystem and enabling the development and growth of #DeFi protocols like #Yearn.finance.
Refex Industries Trading IdeaAs you can see clearly the stock today breakout with beautiful C&H pattern with good trade volume. stock trade above all the ema also crossing RSI 60 level let talk touch fundamental aspects stock PE is fall from 41 to 23 now it showed good value buy also quarterly sales and profits are increasing. i see a good potential in this. you read blogs and learn more
Lets talk about Target which we can expects
1st target after breakout and retrace will be 225 (25%)
2nd target after breakout and retrace will be 253 (40%)
Educational Content
This stock analysis is designed for educational purposes and should not be taken as professional financial advice. Please carry out your own research or consult with a financial advisor before investing.
DOGE SHOWS REVERSAL by MONEY FLOW INDEX Enough is enough. Here we see a bottom low wick shadow. What story does the wick read?
Answer: The BULL is making its way up regardless of BITCOIN waves.
It spells out momentum to the upside reading like a HAMMER which brings huge revenue to those who enter.
Next came the BULL CANDLE. This can speed up at any moment and day for launch.
Apple's Highest Dollar Volume Day EVERI was pretty surprised to see that just a few weeks ago, on a random summer June day, over 51 billion dollars worth of Apple was traded.
That's 51 BILLION DOLLARS of Apple traded in just 24 hours.
After doing some research I also realized that this was a record for Apple. At no other point in history has this much Apple traded. This is hard to ignore for any large investor and it has me thinking the following:
1. What large investor exited this position?
2. By extension, which large investor bought the position?
3. There's no way this was just day trading volume, clearly there was a large change of hands and ownership.
4. For $51 billion worth of trading activity, it's also fascinating the stock barely moved during that transaction. Perhaps it was at an agreed upon price.
We all know Buffett has an outsized stake, as do others, is it possible one of them just exited? And who was the buyer? An ETF or Mutual Fund?
I'll be watching the filings closely going forward to see who this was and what it says about Apple's potential. If it turns out to be Buffett, and knowing his skillful investment approach, I do think that'll be a rather critical sign for Apple's future.
Hypothetical Skyx Price PredictionSkyx has a potential futuristic product capable of competing in the market. Imagine fixing light bulbs without the near for wires... or getting electrocuted in the process. Stock price is currently at $1 and I would say is undervalued and doesn't do justice to the company's potential or capability.
US30 DOW JONES INDEX│ US30 │ 22 - 26 JULY 2024
- Daily timeframe
Illustrated by the red & grey dot are the weak & strong highs and lows respectively. The daily timeframe is currently experiencing a pullback and will only be confirmed bearish at the break of 39176.0 Although we are in discount price has not tapped into of the PD Arrays I look for
• Bullish bias
- Four-hour timeframe
Testament to the daily timeframe correction we can see that the four timeframe has switch bearish and our closest swing high is 41424.6. No swing low has formed yet on this timeframe and price could go even lower from this point. We will have to wait for price action to determine that for us.
• Bearish bias
- 15-minute timeframe
Price is in a range; we have created both swing lows & highs but have no seen a violation of either of the two. This is all just fractal evidence of what is happening on the long and medium term timeframes.
• Consolidation
Once we have a clear directional bias on the 15-minute timeframe we can drop lower into our entry timeframe, which is the 5-minute timeframe, and look for any entry model that aligns with the bias established on the short-term timeframe
©Austin Palmer for FONOS Fx, 2024.
JULY 17th BULL is READY and now we wait Here we have the 2 DAY TF BULL signal. The BULL signal is in agreement with my 2D TF BULL PRINTOUT along with my volume adjustment graphs which shows when can we expect the next BULL RUN cycle which is practically already completed and now we wait.
My Smart Money price trend reads in the $71k zone and my blue wave plot has almost made its way downwards to active the BULL.
My Latest Open Source Indicator: Stef's Dollar Volume CounterStef's Dollar Volume Counter is my second script that I've worked on and coded. It is free and open source for everyone! Get it here:
I am proud of this script because it does something very, very important: it counts the amount of money traded, not just the number of shares or contracts. In this educational post, I want to share why I think it matters and explain some concepts of markets along the way.
1. This is key for understanding where the big and small money is flowing in the market. By focusing on the dollar volume, traders can gain insights into liquidity and significant money movements over time.
2. Watch the money, not the shares. This script is totally different from other volume scripts because it shows the amount of money traded, not just the shares, contracts, or coins. More importantly, it stands out from other volume indicators because it specifically showcases dollar volume amounts either as a table or a label. This focus helps traders track the sheer money movements.
3. Know your perspective! I personally am most pleased with two important features that the indicator offers: it shows the Dollar Volume Counter table that illustrates the highest and lowest and average dollar volumes over a specific period that YOU can customize in the settings menu.
Fun little feature: In the spirit of Doge, I added a text lable that says "Wow! Much Money!" which highlights the top three recent highest dollar volumes within the visible chart area, emphasizing significant trading periods. You can toggle this on or off in the settings menu.
Thanks for reading! I look forward to hearing your feedback.
The Olive Company That's Up 1000%I recently wrote about Oliveda International OTC:OLVI , which is an OTC stock that caught my attention because it's up more 100% since the start of the year. It also has a market cap of $3+ billion. You don't often see OTC stocks with a market cap like this. They usually move to the NYSE or Nasdaq. Thus, I find this hard to ignore. After doing some research into it, I found out what's going on:
But first, if you know how to look at markets, where to scan and search, there are simply fascinating stories happening in corners that most other people miss. Having been in markets at a deep level for 10+ years now, I often spot rather fascinating moves, and now that I’m blogging again, I’m going to be sharing updates like this more often.
So what's going on with this stock?
The founder claims he has solved the secret to beauty by making beauty products without water and essentially only mashed up olives. The surprising thing is, his sales are actually booming. He just had his best quarter ever in which he said the following:
“The future of beauty is waterless, and the waterless beauty movement will change the beauty industry over the next two to five years. Why are we growing so exponentially? There are three main reasons:
1. First, our waterless beauty consultants run our business with such passion, dedication, and deep love that they are sensationally successful in showing people the difference between conventional and waterless beauty. I believe that beauty is not made for online shops and should not gather dust on shelves. Beauty should be recommended from human to human, to friends and family. Waterless beauty and direct-to-consumer are the perfect match.
2. Second, people understand the difference and no longer want to buy the up to 70% water in clean and/or organic beauty or in doctor brands.
3. Third, it works, and people love our 365-day guarantee, which we have been successfully offering in Europe and the U.S. for over a decade because we deeply believe in nature and what we are doing.”
What a story.
Markets are always quite fascinating!
GBPUSD 18/jul/24Bias Bullish. GU has been rocketing since filling that weekly fvg. Will be looking for more bullish action today.
Price took out Asian highs and traded lower in the London session potentially creating the low of the day which is technically on the 4Hr, 1hr and 15min fvg. Fib levels at Discount array.
If market doesn't go lower, we targeting Tuesday's high and ultimate target is the DOL on monthly highs.
NB: US Unemployment data to be watched.
Devon Energy | DVN | Long at $48Devon Energy NYSE:DVN recently expanded their share-repurchase authorization by 67% to $5 billion. Congressional House committee member Kevin Hern has also been scooping a pretty sizeable number of shares lately. On top of the 4%+ dividend and P/E of around 9x, NYSE:DVN is in a personal buy zone at $48.00. If it continues to rise, I anticipate some resistance around $56 before breaking through.
Target #1 = $56.00
Target #2 = $65.00
Target #3 = $75.00