There is no denying that LINK's first mover advantage in Oracle space, amplified by the DeFi gold rush, has resulted in its tremendous surge recently. Another reason is that many of its competitors such as BAND, TELLOR, DOS and NEST can only be traded on Dex (decentralized exchange), centralized exchanges such as Polonix (who still use it?) and foreign exchanges...
DeFi lending governance tokens such as MKR and COMP are the ones that started the DeFi gold rush! Though LINK may have benefited the most regardless of which governance token wins out at the end because of the pick and shovel effect.
Much has been said about Big tech five's dominance on Nasdaq and S&P500 and how grossly valued NDX is. People often don't realize that big fives generate a good portion of their revenues oversea so technically their TAM is the entire world. Furthermore, internet, IT service and e-commerce industries are less impacted by Covid-19. Also, over the last 12 months,...
Parabolic run!
Short it at the supply zone (132 to 140) and close the position at the target lvl coincides with SMA 200!
What a crazy time we are in. 5 months ago, all was gloom and doom. Last month, almost every asset class was up except USD. SP500 has been above 3200 for one month and Nasdaq has been hitting ATH for 3 straight months. How do you explain this market irrationality? One possible reason is that pension, endowment funds and investors are forced to invest in...
Despite Link's fundamental shortcomings, we need to realize that crypto is driven partially by euphoric sentiment and market signal is often times, more important than macro signal, at least in the short run. While the time of reckless speculation may be gone, we can't overlook the effect that DeFi craze and the resurgence of crypto bull market may have on the...
According to Finviz, more than 75% of stocks are above SMA50 and close to 60% of stocks are above SMA 200. Furthermore, SPX has stayed above 3200 for a month. Historically, DJI is usually the first index to recover after the market crash because investors want to put their money in safe mega cap and blue chip stocks during the bottom-out process and time of...
Trend line is temporarily broken and there was no strong bounce back after the price crashed to the confluence zone of POC, 50 SMA and fib 38.2 level, indicating a weak demand at this lvl. There is little sign of decreasing selling pressure at this moment. If FSLY doesn't get back above the resistance and supply zone of 90 convincingly in the next days, party...
Simply put, ETH's 400 price lvl is equivalent to 6k price level of BTC. Once S/R flip happens, it should be all smooth sailing for ETH as long as the macro condition remains strong. Three main catalysts all converge together at the same time. #1. Fundamental factor- Medalla is the final testnet before the launch of the Eth 2.0 network, which...
Stock market - Against all odds, S&P index has risen almost 32% since hitting a low for the year on March 23. The fact that it happened after a ferocious plunge of 35% between Feb. 20 and March 23, the most devastating sell-off since the great depression, made the feat even more remarkable. As a matter of fact, the market posted its best quarter since 1998,...
The chart says it all. 3 trillion increase in balance sheet in 2 or 3 months... Party will go on as long as the long-term interest rate remains low... Distortion - The massive rally has been partially fueled by $l8 trillion worth of fiscal and central bank stimulus. Short-term lending rate cut to near zero and long-term interest rates dropped to near all...
In nutshells, BTC is short-term bearish and mid-term and long-term bullish The longer the BTC price stay away from 3.4k, the less likely the 3.4k will be revisited again. Three failed attempts at 10k have signaled the short-term bearish sentiment. Low volatility and volume in the past month could be the precursor to the big price movement. Fundamental...
Hi guys! Please like the post and follow me if you find my post useful! Much appreciated Halving is just a few weeks away. The whole narrative about halving being BTC's watershed, a major turning point that would propel the next BTC bull run, has investors and traders anxiously waiting for the day of reckoning to arrive. Will it arrive on time or will it...
Please click like and follow me if you like my post. Much appreciated! SPX has been going on a W ride for a while and is currently only down around 15 percent from its mid Feb high, putting it in the midpoint of the correction and recession phase. If this trend continues on, it is safe to expect that SPX will more likely to challenge its mid Feb high than...
Madness cannot even begin to describe what three major indexes went through the past few weeks. Fastest 30% drop ever, followed by equally insane three consecutive days of massive gain last week. It felt like the whole stock market was going through the crypto type of rollercoaster ride! One question remains in every investor's mind... Have we reached the...
Please click like and follow me if enjoy my posts! :) Due to the whole market meltdown, NIO has retraced back to Fib 0.786 lvl early this week. However, it has since then rebounded strongly and is currently fighting the resistance lvl. Barring the continuing worsened market condition, I believe NIO's distribution cycle is nearly over. The current bargain...