MSTR slammed earnings beyond the parking lot LONGMSTR while Bitcoin and the whole ETF thing has caused crypto momentum had a good
4QTR23 and 8Xed the analyst's earnings estimates two days ago. The momentum is expanding
as market volume is accelerating. Late afternoon the zero lag MACD showed some recyling as
some early traders took cash off the table. To emphasize however, there is no sign of bearish
divergence on the RSI. This has gained 25% in 3 days. Anyone into the prices needed to acquire
options contracts could consider looking for an option using their own typical selection criteria.
There are others who as price is overextended and it will fade. They say the same thing about
NVDA. For me, I will take a trade here even if the continuation is short lived. At the end of
the day, Bitcoin could go to MIL:1M per each as some of those with crystal balls forecast.
See also small cap miners BTBT BTCS Cleanspark HUT and some middle caps in RIOT and
MARA. It's a buyers' market right now but only if you do not chase. Look on a low time frame
for an oversold undervalued intraday moment and take your trade !
Growth
GBPUSD RSI 75 Draw Down and Back UPFX:GBPUSD RSI 75 first time in a good while. I think it will make a big swing before continuing to 1.28, which is not guaranteed obviously)) But looks like it could go down as low as 1.275/ 1.27 if tomorrows news will will not be as per forecast. At the minute I It looks like it will retest at 1.277/ 1.2755. FX:GBPUSD
GBPUSD - Price going forwardWith a more Fundamental approach that was revealed recently, this is my own personal forecast going forward with this pair.
- Cutting NI tax
- Consumer prices slowly coming back down
- Energy costs coming down
We won't feel this impact for a while, over a few months or so when we see it in our Ingoings/Outgoings and have a bit more freedom to buy on luxuries.
I think we will see a new range of consolidation until later news reports reveal the growth of the GBP but before that point, I feel some market manipulation will occur so the Big Players can buy GBP at a much cheaper cost.
*The path drawn isn't to scale, the path is more for the bigger picture of things that we would see on the 4h or Daily TF*
QTUM ANALYSIS🔮 #QTUM Analysis —— BREAKOUT 🚀
💲💲 #QTUM was trading in a Symmetrical Triangle, and breakout has already confirmed and also the breakout of major resistance zone, expecting bullish rally towards $8.946 and more💰 In Coming Days ✍️ ✅
📊Current Price -- $5.831
🎯Target Price -- $8.946
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#QTUM #Cryptocurrency #Breakout #DYOR
Beautiful Breakout and strong fundamentals - AppLovin NASDAQ:APP has an outstanding chart in my opinion. I've been following this stock for years now and waiting for the right time to get in. Although it's already rallied 70% YTD, the momentum this particular stock has combined with it's increasingly impressive earnings reports make it a strong buy.
They have been steadily increasing cash flow on top of accelerating earnings growth. The last 3 quarters it's beat analyst estimates and it's my personal opinion that we are in the midst of a era where web apps as well as mobile apps are being developed very rapidly, increasingly by individuals and smaller companies.
Net Income, Margins and Returns on Equity and Assets are all increasing. No wonder it's more than quadrupled since it's bottom of $9.00
Think of Streamlit, for you coders, and Snowflake's NYSE:SNOW increasing presence in owning these, and similar technologies. NASDAQ:APP is operating in a similar space and they really offer it all when it comes to building applications for your business.
The estimate revisions are surprising and look very strong going into next year.
See the Zack's Estimate Revisions below. (Current Quarter/Next Current Year/Next)
CQ NQ CY NY
Current 0.56 0.59 2.48 3.08
7 Days Ago 0.56 0.59 2.48 3.08
30 Days Ago 0.33 0.31 1.56 1.71
60 Days Ago 0.33 0.31 1.58 1.71
90 Days Ago 0.33 0.31 1.58 1.63
AMZN Joins the Dow at an Unusual PhaseThis hugely influential company should have been on the Dow 10 years ago. Listing as a component of the Dow Jones Industrial Average usually occurs when a company is about to enter a Market Saturation to Market Decline Phase. However, such is not the case with $NASDAQ:AMZN. It's quite the opposite.
Its fairly new CEO, who was the CEO of AWS, the division of AMZN known for its powerful and totally dominant PaaS cloud technology, has extensive experience in exactly what AMZN needs right now: front running new technologies and driving more new technologies to market introduction faster.
The challenge to be #1 in the use of Integrated Artificial Intelligence and other new technologies in the realm of Cloud Technology is on. Who will win depends on the CEO. Never underestimate the importance of the right CEO for the current market conditions.
The chart of AMZN stock implies a consolidation or platform may develop during the month and a half between earnings seasons. These patterns tend to form due to value-oriented quiet accumulation by the largest institutions while the rest of the market pulls back from buying or sells.
COINBASE(COIN)/BTC CorrelationIn the past months investors have been watching carefully the recovery of Coinbase as one of the biggest partners in the financial industry as crytocurrencies seem to recover from the last downturn. Many investors, traders and fans of crypto have been watching with a lot of hype the launch of the ETFs; which hasn't resulted in what most of them expected: a massive bull run as these instruments got green light from public authorities.
Cathie Wood's ARK investment instruments have been continuously dumping Coinbase shares in the last months, possibly to balance the holdings of the ETF ARKW(ark-funds.com), and the crypto-exchange shows 2 interesting things: certain degree of correlation with BTC and extraordinary earnings.
However the last earnings should have been fuelling this stock but they didn't due to weaknesses in their fundamentals and tough valuations with shallow price targets. If done carefully, COIN can be used to track small spikes in price and short trends in BTC and ETH. The future could be promising for Coinbase, but from a macroeconomic standpoint we are not out of the woods at all.
My observations tell me that the markets like to be bearish on COIN, but for short term wave riding, it could be worth it - just make sure you have appropriate risk management when doing so.
Crypto Regulations: How MiCA Will Affect EU TradersIn the rapidly evolving world of cryptocurrency, the European Union has taken a significant and important step forward with the introduction of the Markets in Crypto-Assets Regulation (MiCA). This groundbreaking regulatory framework marks a pivotal moment for the crypto market within the EU, promising to bring much-needed clarity and stability to an industry that has long been likened to the Wild West due to its volatility and lack of standardization.
The European Union is a leader in creating legislation for emerging technologies. This became clear with the introduction of GDPR, which protects internet users’ personal data, the AI Act that aims to protect citizens of the EU from malpractice, such as cognitive manipulation of people and social scoring, and now - MiCA. Paving the way forward for others, the EU is evolving its digital legislation frameworks faster than other unions or countries.
This article delves into how MiCA will reshape the landscape for EU traders, impacting everything - from the way they interact with crypto assets to the broader market dynamics they navigate daily.
Why do we need regulations like MiCA?
If there are no regulations, markets can run wild and experience giant increases, however when the fun is over and people lose money to fraud and even large-scale bankruptcy of exchanges - investors, especially institutional ones, will not dare place their money in crypto projects and companies. And since for investors, money is trust - the cryptocurrency market is doomed without proper regulation.
On the flip side, extremely stringent and disorganized legislation can lead to the same outcome. Countries struggle with the abstract nature of cryptocurrencies, and many have expressed an outright desire to ban them, seeing as it is the easier option. That is why MiCA is a well-devised framework for others to follow - It is focused and comprehensive.
Some may argue that cryptocurrencies are meant to be decentralized, unregulated and follow a laissez-faire approach. While this is possible, more so for some cryptocurrencies than others, there can be no growth in these markets as new projects need to have banking and investors behind them to realize their blockchain-based ideas. It is also unrealistic to think that such a clandestine financial system will never cross paths with the regular banking system.
What exactly is MiCA?
The inception of the Markets in Crypto-Assets Regulation (MiCA) is rooted in the European Union's recognition of the growing significance of cryptocurrencies and the associated risks in an unregulated environment. The primary catalyst for MiCA's development was the need for regulatory clarity in the burgeoning crypto market, which had been expanding rapidly without a standardized regulatory framework since the birth of Bitcoin in 2009. This lack of regulation posed risks such as fraud, market manipulation and financial instability.
These concerns were heightened by incidents like the surge in initial coin offerings (ICOs), the capitulation of multiple large exchanges and the ironic instability of stable-coins.
MiCA was proposed to provide a harmonized regulatory framework for crypto-assets that are not covered under existing EU financial legislation. The objective was to safeguard investors, maintain financial stability, and promote innovation within a secure and transparent environment. By introducing clear rules, MiCA aims to legitimize the crypto market, making it safer and more attractive for investors and consumers while mitigating the potential for financial crime and market manipulation.
This move towards regulation reflects a global trend of governments and financial authorities worldwide striving to balance the benefits of innovation in the digital asset space with the need for consumer protection and market integrity. As such, MiCA represents a significant step by the EU in establishing a comprehensive regulatory regime for crypto-assets, setting a precedent that could influence global standards in cryptocurrency regulation.
Key Points of MiCA
MiCA introduces several key provisions that are set to transform the crypto-asset landscape in the European Union. The areas that are discussed and regulated the most are the areas where incidents have happened and people have lost their funds. It is important not to make the same mistakes as before.
Exchanges & Brokerages
One of the primary aspects of MiCA is the establishment of stringent authorization requirements for crypto-asset service providers. Under MiCA, any entity aiming to offer services related to crypto-assets, including trading, custody, or advisory services, must obtain authorization from one of the EU's national financial regulators. This process is designed to ensure that providers adhere to high standards of operational conduct, governance, and consumer protection outlined in the legislation. Crypto exchanges have gone bankrupt, been hacked or shut down abruptly in crypto’s short history. The aim of legislatures is to prevent these collapses or stop them in their tracks.
Initial Public / Coin Offerings
Another fundamental component of MiCA is the regulation of public offerings of crypto-assets. Companies intending to offer crypto-assets to the public are required to publish a detailed white paper. This document must provide clear, fair, and comprehensive information about the risks involved, ensuring that potential buyers are well-informed. The regulations aim to prevent misleading practices and enhance transparency in the market. Until now, many ICOs do publish white papers, however they can be purely fictional, written to trick the untrained eye into thinking the project is professionally done. Furthermore, this official process of submitting a white paper will ensure that the people behind the project are known. This will prevent people from faking their identities in order to anonymously scam their clients.
Stablecoins
MiCA also specifically addresses the regulation of stablecoins, which are categorized as either e-money tokens (EMTs) or asset-referenced tokens (ARTs). EMTs are stablecoins pegged to the value of a fiat currency, such as USDT, USDC and BUSD. ARTs are linked to other assets, such as WETH, WBTC. MiCA mandates that stablecoins must maintain adequate reserves and adhere to governance standards. Furthermore, there are stringent rules for stablecoins not pegged to EU currencies, including a cap on the number of transactions per day, aimed at preventing these assets from undermining the Euro. This approach to stablecoins is a response to concerns about their potential impact on financial stability and monetary policy. These concerns are justified, following the collapse of a few large market cap stable-coins during 2022.
Through these provisions, MiCA aims to establish a secure and transparent environment for the trading and use of crypto-assets, ensuring that the rights of investors are protected while fostering innovation in the sector.
Conclusion
The introduction of MiCA by the European Union represents a watershed moment for the crypto-asset market. By establishing a harmonized regulatory framework, MiCA seeks to provide clarity, enhance market integrity, and protect investors, all while fostering an environment conducive to innovation. For EU traders, these regulations offer a more secure and transparent trading landscape, albeit with increased compliance obligations.
The provisions on stablecoins, in particular, demonstrate a nuanced approach to different types of crypto-assets. As MiCA comes into full effect, its influence is expected to extend beyond the EU, potentially setting a precedent for global crypto-asset regulation. For traders and investors, staying informed and adapting to these regulatory changes will be key to navigating the evolving crypto market landscape.
Analyzing the FaZe-Gamesquare Merger: A Potential OpportunityIn the dynamic world of stock trading, the recent discussion of a merger between FaZe Holdings and Gamesquare has stirred considerable interest. As of now, FaZe's current trading price stands at a modest $0.18, while Gamesquare boasts a more robust $1.52.
This valuation difference opens the door to intriguing possibilities for FaZe Holdings investors. The considerable gap in trading prices suggests potential room for movement in FaZe's stock. Savvy traders might see this as an opportunity to capitalize on potential future developments arising from the merger.
However, it's essential for investors to approach this with caution, considering various factors such as market trends, the impact of the merger on FaZe's business model, and broader industry dynamics. While the price differential is noteworthy, thorough analysis and a comprehensive understanding of the market landscape will be key in making informed investment decisions.
BROS LongDutch Brothers is warranting some attention here, significantly discounted from its IPO price, BROS has continued to open over 100 new stores annually, reaching into new territories and rolling out features that other coffee stands and brands are not utilizing.
People seem to really love their brand, the quality and the taste of their drinks, and the service they get at the window.
Healthy profit margins and growth Y/Y.
Management has an end-goal of 4,000 locations, liking what I see.
NXU & Lynx: Could we see a merge/acquisition in the future?Nxu's Strategic Partnership with Lynx Motors
Nxu, Inc. (NASDAQ: NXU), a company specializing in innovative EV charging and energy storage solutions, has announced a strategic partnership and investment in Lynx Motors. This partnership is outlined in a letter of intent (LOI) and represents a significant step in Nxu's commitment to electrification and the future of electric vehicles (EVs).
Key Details of the Partnership
Strategic Investment: Nxu's investment in Lynx Motors is structured as a share exchange, with $3 million in Nxu shares being exchanged for $3 million in Lynx shares. This investment will be reflected as an asset on Nxu's balance sheet.
Board Representation: As part of the transaction, Nxu will receive a seat on Lynx's Board of Directors, indicating a deep level of involvement and influence in Lynx's strategic direction.
Collaborative Development: Nxu aims to assist Lynx in leveraging its vehicle and charging technology to expedite the development of electrified products. Lynx Motors is known for reimagining classic vehicles with modern amenities and powertrains, blending tradition with innovation.
Financial Support: Lynx will issue an interest-free promissory note of $250,000 to Nxu in exchange for a $250,000 bridge loan, further solidifying the financial collaboration between the two companies.
Professional Analysis
Complementary Strengths: This partnership leverages Nxu's expertise in EV charging and energy storage with Lynx's focus on electrifying classic vehicles. It's a strategic alignment that combines technological innovation with a unique market niche.
Market Positioning: Lynx's approach to electrifying popular classic cars, coupled with its robust reservation list, suggests strong market demand. Nxu's involvement could accelerate Lynx's path to significant revenue and profitability.
Impact on Nxu's Market Compliance: The partnership is a step towards Nxu's compliance with Nasdaq's listing standards, potentially increasing shareholder equity and market confidence.
Future Prospects: The collaboration between Nxu and Lynx, especially in the realm of EVs, aligns with the broader trend towards electrification in the automotive industry. This partnership could position both companies favorably in a rapidly evolving market.
Conclusion
The strategic partnership between Nxu and Lynx Motors represents a synergistic collaboration that could enhance both companies' positions in the EV market. By combining Nxu's charging technology with Lynx's innovative approach to vehicle electrification, this partnership holds the potential for significant advancements in the EV sector, offering promising prospects for both companies and their stakeholders.
INDO COUNT technical breakout on weekly chart A breakout on weekly chart denotes strength it suggest the CONTINUATION IN THE CURRENT MOVE
if one refer the charts ,
as shown by arrows , volume witnessed a great rise and price followed a strong move along with the same
THE stock likely to show higher areas
its trading well above key average areas and with strength in RSI
support at 310-290 zones and with stop below these CAN test 370-400 in 6 months
RIVN guides itself lower- but is it a dip buy? SHORTRIVN spends more to produce of its nice truck than it sells them for. This is a recipe for a
disaster which is now baking in the oven Earnings have plummeted. If guidance was better
than realities forecast there might be a dip buy here. i have a variety of positions shorting
RIVN when it runs a countertrend correction I will take a hedging long position until the
correction is over. I use these shorts to balance my portfolio against risk from an overall
falling market. Balanced in short vs long positions dollar for dollar and in the options
balanced in expiration times spread across the next almost two years. I find this keeps
the portfolio safe. I also look to LCID for a similar scenario while having a bullish bias on
WKHS. NKLA is a whole 'nother story. SHORT RIVN do not dip buy .
The chart is what you might expect. The disaster is what it is. This is basically a falling wedge
and no where near impending a breakout upside.
LEARN THE MOST IMPORTANT FOREX FUNDAMENTALS 📰
Even though I am a pure technician and I rely only on technical analysis when I trade, we can not deny the fact that fundamentals are the main driver of the financial markets.
In this post, we will discuss the most important fundamentals that affect forex market.
You can check coming fundamental news on TradingView in the economic calendar.
The calendar button on the right side will display the coming news.
Click "only high importance" button and the system will display only the most important news.
Here are the most important fundamental releases that you should pay close attention to:
📍Unemployment rate.
Unemployment rate reflects the percentage of people without a job in a selected country or region.
Rising unemployment rate usually signifies an unhealthy state of the economy and negatively affects the currency strength.
📍Housing prices.
Housing prices reflect people's demand for housing. Rising rate reflects a healthy state of the economy, strengthening purchasing power of the individuals and their confidence in the future.
Growing demand for housing is considered to be one of the most important drivers in the economy.
📍Inflation.
Inflation reflects the purchasing power of a currency.
It is usually measured by evaluation of the price of the selected basket of goods or services over some period.
High inflation is usually the primary indicator of the weakness of the currency and the unhealthy state of the economy.
📍Monetary policy.
Monetary policy is the actions of central banks related to money supply in the economy.
There are two main levers: interests rates and bank reserve requirements.
Higher interest rates suppress the economy, making the currency stronger. Lower interests rates increase the money supply, making the economy grow but devaluing the national currency.
📍Political discourse.
Political discourse is the social, economical and geopolitical policies of the national government.
Political ideology determines the set of priorities for the ruling party that directly impacts the state of the economy.
📍Payrolls and earnings.
Payroll reports reflect the dynamic of the creation of new jobs by the economy, while average earnings show the increase or decrease of the earnings of the individuals.
Growing earnings and payrolls positively affect the value of a national currency and signify the expansion of the economy.
Pay closes attention to these fundamentals and monitor how the market reacts to that data.
What fundamentals do you consider to be the most important?
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