In Elliott Wave terms, PTON began a wave one advance on June 29. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on July 7, and the red wave two (blue sub-waves a-b-c) correction ended on July 15. If this wave count is correct, PTON should be heading next towards the July 7 peak in the red wave three.
Foresting is a social media platform that rewards content creators for their time and creativity by using blockchain technology. PTON is the cryptocurrency that will be used as a reward on the Foresting platform. You can watch their intro video below.
Stocks are hitting record highs right now. All three major indexes surged this week following Fed Chair Jerome Powell’s strong rate cut signals. But even at these elevated levels, it’s still possible to find stocks with significant upside potential for the months ahead. Goldman Sachs analyst Heath Terry has a top-notch reputation when it comes to stock picking.
One stock that Terry believes has more upside is Netflix. After a monster first quarter, Netflix has been stuck in the mud. However, here is what Heath had to say about Netflix.
Streaming giant Netflix is another top stock on Terry’s buy list. With a $460 price target, the analyst is forecasting 23% upside potential for shares.
“We continue to believe Netflix’s investment in content, technology and distribution will continue to drive subscriber growth well above consensus expectations both in the U.S. and internationally,” Terry told investors earlier this year when he added the stock to the firm’s Conviction list.
The market makers are pricing in a $25 move in either direction after earnings later this week. Regardless, the potential levels to pay attention to are the daily supply at $402 and the daily demand at $313.
This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.
You are not gonna want to miss this one! DLease has made earning passive income off your steem coins easier than ever – and even better, the rate of return is a market best.
Show agenda for…
Interview with Build Team CEO @thecryptodrive as we talk DLease
Let’s make it rain some PAL Coin
The Crypto Market Check (Cat’s Price Chart Calls are on Fire)
In my last update we discussed the real possibility of bitcoin breaking down to test $9,950 (0.618 fib), where I said to expect a decent bounce. Price has since done just that, bouncing right below $9,950 and currently trading around $10,500. If you took that scalp trade, congratulations!
Price has broken below the 21 day EMA. It found support right on the 50 day MA.
In today’s video we’ll discuss where price may be going from here, key areas to watch, price targets, and so much more. I’ll also answer some of your questions. I hope you find it helpful.
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.
Workin
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In Elliott Wave terms, Hxro began a wave one advance on June 27. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 30, and the red wave two (blue sub-waves a-b-c) correction ended on July 13. If this wave count is correct, Hxro should be heading next towards the June 30 peak in the red wave three.
Hxro is a player-vs-player crypto gaming platform that intersects trading with skill-based social gaming. Jacob Canfield tested the game earlier this year.
The twitter setup is there. The shorts a skeptics are on defense and the buyers have the ball. We have seen plenty of fumbles, and turnovers over the past few years but I beleive that $TWTR turned the corner last earnings and this earnings will have to PROVE IT. If this earnings passes the test the buyers and the stock will be off to the races. The pattern is there, the technicals are there, the past earnings report was promising, the expectations are low. Can Jack and company pull through?
This is what we in the technical business call an old fashioned cup and handle pattern. The stock tells a story. Every one usually does. You have the IPO run to 70+, then you have the sell off down to the teens and base. Now we are holding higher….and ready to explode. If $TWTR can pull off a run up into earnings and a gap and go, you ear looking at TWTR going back to all time highs in 2019.
Not only altcoins have been suffering the market correction…People, trying to increase desperately their stakes on BITCOIN is what we have seen these days…Everyone is panic selling their altcoins in order to avoid losing further…but this action does not avoid at all the losses since what we can see today is that the 24h volume of TETHER (USDT) is increasing while BITCOIN volume is decreasing…
During the past few days the volume between Tether and BITCOIN has stayed under equilibrium, in a proportion of 1 to 1, meaning that, for instance, we had exactly the same amount of Volume (24h) as you can see below in the pic I get yesterday:
Now, we have 1 Billion difference, meaning that BITCOIN is being Shortening .
I confess I did sell some BTC a couple of days ago as well, since the forecast seems clear and the count launches a 3-3-5 Correction…
Now, I am going to be focused on two main price levels:
The range between 9400 and 9700 USD
The 8800 USD price level which is the target of the HS pattern.
Observing these two levels can bring me the chance to get between 17 and 25% more bitcoin and so getting more BTC for the same amount of FIAT (Dollar averaging).
Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
Last night I was looking at the weekly chart of bitcoin and chatting with other crypto investors on the steemleo discord server.
I pulled up a weekly chart of bitcoin and pasted it in chat and said “who would buy that chart?”
At the time bitcoin was at 11,300…..I woke up this morning to see exactly why I said that as we have seen bitcoin (and others) sell off hard in the past 8 hours.
Kidding aside, it screamed don’t buy me yet
Looking at this chart you can see the reversal candle from a few weeks ago that the bulls decided they were going to to and trump and nearly did so. However, price was not able to breach that prior high at 13,900 and rolling back down price came.
Now this week’s candle is set to close in about 8 hours and has an ugly upper wick and room on the down side with support at 9,800 and the 10 period moving average still far away, currently at 9,200 and likely to move up to 9600 or so with the new candle.
Alot of signs saying price will test 10K again.
This is not to say one should have sold out or shorted last night….it just goes back to the title of this post:
“Who Would Buy That Chart”
If you want to learn how I read charts and the three simple things I use to trade crypto check out my scaredycat to investing in crypto videos. They are free to watch and are not on youtube.
In Elliott Wave terms, AAC began a wave one advance on February 19. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 8, and the red wave two (blue sub-waves a-b-c) correction ended on July 11. If this wave count is correct, AAC should be heading next towards the April 8 peak in the red wave three.
Well, if you hoping for a one-way ride to new all-time highs – you’ve been disappointed. Bitcoin is going to have to do a bit more heavy lifting before we see blue skies. You may yet get another opportunity to accumulate BTC at sub 10k. Regardless, the crypto sky isn’t falling but some pointless Alts are certainly dying.
Crypto just crossed Donald Trump’s desk – he ‘thinks’ he doesn’t like it. My guess – Libra was explained to him -Bitcoin was referenced during that explanation. Libra = Facebook. Facebook is bad (usually unkind to the President). By extension Libra = bad and by association – Bitcoin = bad. Let’s see how this ‘stance’ develops in the coming months.
Skip (insert random Netflix item here) and watch this instead (highly recommended):
A cautious interpretation of BTC price movement in its current pattern – may provide an entry opportunity if you have found yourself on the sidelines but keen to enter a position on Bitcoin:
Don’t hold your breath waiting on central banks to appoint crypto friendly leadership:
Infographic
A visual explanation of China’s Social Credit System:
That’s it for this week’s crypto recap. As always, looking forward to your comments and suggestions.
Note on Sources:
Twitter & Reddit (cryptos current meta-brains) / Medium / Trybe / Hackernoon / Whaleshares / TIMM and so on/ YouTube / various podcasts and whatever else I stumble upon. The aim is a useful weekly aggregator of ideas rather than news. Though I try to keep the sources current – I’ll reference these articles and podcasts etc. as I encounter them – they may have been published just a couple of days ago or in some cases quite a bit earlier.
