OSTKOSTK fell out of the bed in the Feb 24 market hours (big red candle past ema levels). But it has bounced to 75.12 in the pre-market session of February 25.
The stock is in conspicuous blue wedge, and could break up or down in the next several months. In the immediate future, a test of and bounce off of the $66 to $68 region would be quite bullish. Breaking below that level will lead the stock into the bearish red descending channel, within which you can see a descending wedge to watch for bullish short-term action in case the stock makes a large downside move into the channel.
Yesterday I took the gamble and sold cash-covered puts at $65 strikes expiring Friday, March 26. If the stock takes a dramatic fall into the red channel, I would short the stock and/or open bearish put spreads (keeping an eye on the red wedge). If the stock rebounds back toward the center of the blue wedge, I'll start planning to buy ATM straddles dated for late spring or summer.
BYON trade ideas
OSTK Recovery Coming SoonOSTK has been seeing red days lately causing the stock to fall all the way to 73$. This stock has huge potential to climb back to its levels at 110. I will definitely be watching this stock closely waiting for a pullback to begin.
$OSTK - Overstonk Rocket TAShort term power failure on E beat because your bags are too heavy. Upgraded to bigger rocket.
💎🤲 = 🚀🌙
Textbook cup and handleThe past week was rough for OSTK longs - but zoom out and take a look at the macro trends.
$OSTK$OSTK hit strong resistance and bounced off strong support. If the markets turn around this can be a nice swing play. Looks like the wick below hit the mental whole number support $80
$OSTK - Next Levels$OSTK - $94.98 - Former Resistance, now Support. Like a springboard, we say higher! Eyes back on that $112.62 level. A breach takes this quickly to $127.50ish. Follow @MarketTrendAdv for more Overstock trend analysis.
$OSTK - Flipped My Fib Levels, Two Random Possible Bull Cases1. Estimating if this were a 6-7 bln market cap company 6 months out.
2. Estimating if this were a ~10 bln market cap company 1 year out.
Not entirely impossible.
OSTK Short term!Ostk if keep trend will go to 120+ before E!
Entry point 105/100 price target 120! Stop lose at 100!
Resistence at 120 stock!
Good luck to everyone! This it's not a financial advice!
OSTK to Re-Test $125 All Time HighOSTK has just signed a major partnership with Prime Trust ... OSTK is essentially going after the institutional market and custody market. If you don't know about Prime Trust - here you can read more:
www.businesswire.com
About Prime Trust
Prime Trust, the crypto qualified custodian and trust company, today announced that it is the first US-based Qualified Custodian to partner with Fireblocks, a secure transfer platform. Through the partnership with Fireblocks, Prime Trust is adding another layer of protection to the industry’s most secure and trusted digital asset custody solution.
In the last eighteen months, over $3B of digital assets disappeared from various institutions due to exchange hacks, insider fraud, and human error.
Fireblocks’ technology provides a "secure highway" for crypto that eliminates the theft of private keys or compromise of credential/API keys and deposit addresses. The firm uses multiparty computation (MPC) and patent-pending chip isolation technology (SGX) to secure digital asset transactions from potential hacks and human error. As the first qualified custodian to implement Fireblocks, Prime Trust continues to lead the industry in security and compliance standards for crypto custody and exchange technology.
“Prime Trust has always set out to build the best-in-class, gold standard in everything that we do from our compliance to our security and our technology,” said Kevin Lehtiniitty, Chief Product Officer of Prime Trust. “Partnering with Fireblocks to leverage their secure crypto transfer infrastructure represents the next iteration of Prime Trust paving the way for the digital asset custody industry. We're proud to be the first qualified custodian to adopt this cutting-edge technology and provide our entire ecosystem with next-generation security. We look forward to building a deeper relationship with the whole Fireblocks team and building future partnerships.”
OSTK (tZero) and Prime Trust Partnership announced Jan 27th
Wed, January 27, 2021, 8:30 AM·9 min read
tZERO, a leader in blockchain innovation and liquidity for digital assets, announced today its partnership with Prime Trust, the leading provider of all-in-one, financial infrastructure for fintech innovators. This partnership sends a clear signal to the market that tZERO is committed to replacing legacy systems with the future of financial technology.
Wed, January 27, 2021, 8:30 AM·9 min read
tZERO, a leader in blockchain innovation and liquidity for digital assets, announced today its partnership with Prime Trust, the leading provider of all-in-one, financial infrastructure for fintech innovators. This partnership sends a clear signal to the market that tZERO is committed to replacing legacy systems with the future of financial technology.
This press release features multimedia. View the full release here: www.businesswire.com
tZERO CEO Saum Noursalehi stated, "Digital infrastructure isn't just another settlement or payment system – it represents an evolution in how we will issue, record, transfer and settle value seamlessly across markets and geographies by leveraging technology that is superior to the legacy systems and infrastructure in place today. The initiatives announced today affirm our commitment to remain agile and swiftly adapt to regulatory and technological developments in order to foster a robust and dynamic marketplace."
The partnership supports the custody of digital assets, including securities and cryptocurrencies, by users directly with Prime Trust, and enables trading of such digital asset securities on the tZERO ATS, tZERO’s broker-dealer subsidiary. Additionally, tZERO ATS filed to support self-clearing for itself and its broker-dealer subsidiaries.
Prime Trust’s API Integration Enables a Streamlined Transaction Experience
tZERO signed a technology integration agreement that allows Prime Trust to facilitate custody of digital securities and cryptocurrencies for its customers who trade such assets on platforms operated by tZERO’s regulated subsidiaries. This new infrastructure replaces reliance on third-party clearing firms, enables accelerated onboarding of new digital securities, improves the account funding process, and enhances the settlement process.
The updated central custody is also expected to replace tZERO’s existing cryptocurrency wallet, the tZERO Crypto app. This will improve the cryptocurrency trading experience through increased buy limits, faster transaction settlement, and a seamless process of onboarding new cryptocurrencies, subject to regulatory approvals and launch.
Prime Trust CEO Scott Purcell shared, "We’re thrilled to work with a leading fintech company like tZERO and to help them make this infrastructure change quickly. This is exactly how we designed PrimeCore, our leading compliance, payments, and proprietary API platform, to be used. We worry about the infrastructure, so our partners can launch on their terms and focus on their core business."
"We are delighted to partner with Prime Trust to give investors the ability to custody their digital securities and cryptocurrencies and trade them on the tZERO ATS," added Noursalehi. "This trading model creates flexibility for customers, subscribers, and issuers that wish to join our marketplace, and opens our marketplace to securities with greater blockchain functionality."
tZERO ATS Filing to Support Self-Clearing
In addition to the customer self-custody model, which would support digital securities and cryptocurrencies, tZERO ATS’s trading ecosystem will also continue to support a conventional broker-dealer clearing and custody model, principally for NMS securities. To be able to offer a broad product set, operate independently, improve margins, be nimble and innovate quickly, tZERO ATS filed a continuing membership application (CMA) to allow it to custody, clear, and settle securities transactions for itself and its broker-dealer affiliates.
tZERO is also working to evaluate the pathway for its broker-dealer subsidiaries to custody digital securities themselves, without reliance on any third parties, under the recent milestone Securities and Exchange Commission (SEC) statement that outlined how broker-dealers can engage with digital asset securities, including maintaining custody of these assets and settling on-chain without a clearing firm or a custodian. This is a critical milestone for digital security trading, custody and settlement in a next-generation trading ecosystem.
tZERO is a technology firm with the goal of democratizing access to private capital markets. tZERO is a subsidiary of Medici Ventures, the blockchain-focused, wholly owned subsidiary of Overstock.com, Inc. (NASDAQ:OSTK). To learn more about Prime Trust and the company’s all-in-one, financial infrastructure for fintech innovators, please visit www.primetrust.com.
Summary
This is actually really big news not just for OSTK but for crypto in general - this means that more institutions and traditional broker / dealers will now officially enter the crypto space by being able to self-clear cryptos in a regulated manner.... this is really huge news to be honest.
OSTK W formation Looks like OSTK is setting up for W forming which is completing on 81.
Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational purposes only. All advice is based on technical and my own opinion.
$OSTK- looks to continue uptrend$OSTK-$85 support looks strong, good risk to reward set up, could run $10-20 within the next two weeks IMO. ER 2/24 PM
OSTK and TSLA, a brief tutorial on how I use my custom indicatorIndicator designed by me, built by @AlphaBotSystem . This is how I use it.
LONG OSTK - Looks like the bottom hereOk - OSTK look like it bottomed out.
Price hit key FIB Retracement level , broke resistance, and is above 21 day.
Looks like higher prices from here in the next couple of weeks.
Good Luck!
OSTK bought at 86We are waiting for the profit to come. buying when it broke out.
We bought RIOT, OSTK, ABEO, APA yesterday.
OSTK - Above resistancelong OSTK as long as price is above 70
earnings report should be good after lower expectations
OSTK: Low Volume Reversal with 40% Upside to Previous HighsRamp back up into earnings 2/24? Q4 '20 should be a blowout quarter, but better than expected?
The trend seems likely, but what about after? Long floor because of more confidence in t+0 trading platform and blockchain, or sell the news event? Or some combination of both?
Disclosure: I've been holding longs since 2019-2020.
$OSTK aVWAP pullback trade setup $OSTK has broken out of a falling wedge and has found support at aVWAP from Aug 2020 peak. The test of the aVWAP from above created a long green hammer candle which included a 6% intraday rally. From the current closing price, a stop loss below that long wick candle (whether you use a hard stop or mental stop) would be risking about 6-7%.
Seeing how OSTK tends to have steep, (*)decisive uptrends, a 7% risk seems very favorable for a stock I believe is just beginning another big move up. OSTK has been moving sideways throughout all the crypto activity so I'd bet it's ready to get involved in the rally. The Aug 2020 peak is $128, I think it's reasonable for a stock in the crypto realm to make a new 52 Wk high.
(*)Interesting to note, in the 22 week rally from the March/Covid low up to the Aug 2020 peak: OSTK only put in 4 red candles, of those 4, only 2 actually closed the week below the prior weeks close (the other 2 closed below the current week's open, but higher than the previous week's close).
