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CCIV - Churchill Capital- What is a fair price?CCIV - Churchill Capital- What is a fair pre-merger price? As investors pile into CCIV, we have to consider that there has not been an official Lucid Motors merger announcement. We also have to consider that other Tesla competitors that are already listed are at this same pre-merger price. NIO is at $54. Xpeng XPEV is at $41. GM is at $52. Meanwhile, CCIV, a company that is not in the automotive industry yet is priced at $58 already. Of course, market cap matters, but does CCIV have an edge on these other companies? All of this makes you think of whether some news or dilution of shares will happen. It is hard to think that CCIV will go above $100 before a merger is even announced. In todays world, anything can happen. I think we would all feel better if the merger is officially announced. Not Financial Advice.
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by PortfolioBuildersClub
4
CCIV Churchill Capital - 100% Gain potential?CCIV Churchill Capital - 100% Gain potential? Double your Money? Rumor has it CCIV will merge with Lucid Motors to take it public. Rumors can be wrong. Lucid is the first EV based competitor who will deliver cars in the US later this year. Other EV makers such as NIO and XPENG XPEV are trading at 57.98 and 47.52 but have no immediate plans to deliver cars in the US. IF IF IF CCIV/Lucid performs the same as these companies, then a $50 stock price is reasonable. If CCIV goes to $25-$26ish level then a double up play to $50ish will activate. This is not advice. Just food for thought. Not Financial Advice! Manifest your Success Some people are in too much of a hurry to get rich. It is more reasonable to take a year or 2 to grow an account to $1,000,000 by compounding. The Secret of Compounding: Double your money 10-15 times to get to $1million dollars over time Plan: Starting with capital you don't mind losing Choose your trades carefully and execute with patients Only risk 50% of your capital on each trade idea, if you hit your stop loss you only step back to the previous step Starting with $1000 Step 1: $1000 X 2 = $2000 Step 2: $2000 X 2 = $4000 Step 3: $4000 X 2 = $8000 Step 4: $8000 X 2 = $16,000 Step 5: $16,000 X 2 = $32,000 Step 6: $32,000 X 2 = $64,000 Step 7: $64,000 X 2 = $128,000 Step 8: $128,000 X 2 = $256000 Step 9: $256,000 X 2 = $512,000 Step 10: $512,000 X 2 = $1,024,000 Starting with $100 Step 1: $100 X 2 = $200 Step 2: $200 X 2 = $400 Step 3: $400 X 2 = $800 Step 4: $800 X 2 = $1,600 Step 5: $1,600 X 2 = $3,200 Step 6: $3,200 X 2 = $6,400 Step 7: $6,400 X 2 = $12,800 Step 8: $12,800 X 2 = $25,600 Step 9: $25,600 X 2 = $51,200 Step 10: $51,200 X 2 = $102,800 Step 11: $102,400 X 2 = $204,800 Step 12: $204,800 X 2 = $409,600 Step 13: $409,600 X 2 = $819,200 Step 15: $819,200 X 2 = $1,638,400
CLong
by PortfolioBuildersClub
1
Bitcoin is making new highs, but some ALTs haven't (yet)Hello, today I want to share my current trading strategy. First, I will look at Bitcoin against USDT. The market is bullish and shows no sign of ending anytime soon, at least for now. From this information, I know I can trade the BTC/USDT chart, but not only. Because with all this capital flowing into crypto, usually (that's what used to happen everytime), a great part of this capital will turn into Altcoins. Indeed, if we look at the ETH/BTC pair for example, we can see that it is starting to over-pace bitcoin, put it simply: it can beat bitcoin. What I mean is: while bitcoin beat his previous all time high by 80%, a lot of coins haven't done the same yet. Looking at ETH/USDT, which previous high is 1438 USDT, hasn't made a new high yet. Litecoin as well is starting to gain strength against bitcoin, its volume is increasing lately. His all time high, around 368 USDT, remains to be beaten. ADA (Cardano) is in the same scenario, and I'm sure we could find other ALTs like such. To sum up, my current stratgy is to find Altcoins who perform better than bitcoin, to maximise the potential gains. Then I will setup a swing trade indicator on each. One last thing, very important, is to keep an eye on the Bitcoin dominance and Altcoins marketcap. Right now, Bitcoin is getting 67% of the total capital put into crypto. It has a lot of room to go down. Meanwhile the altcoins (bottom chart), are following a strong ascending trendline, with a lot of space to go up. This only confirms the strategy to get into Alts right now. /!\ This is not a financial advice, I am a developer, not a trader (yet).
by cyatophilum
6
Gold buys in London session Had Gold buys this morning in London session. Was waiting for more of a well defined double bottom, did not get my confirmation that i was looking for. Even though the low did not break the first low at 1939 level. Waited for safer buys as its Friday and don't like putting alot of risk on. Took most of the month of July off and just got back to actively trading, taking time from trading is good for the mental. Its a game of growth but at the same time consistency. Happy Friday, Ill be back posting more as I'm back at the charts
OANDA:XAUUSDLong
by DJFXTRADES
GBPUSD at yearly highPair has got to yearly high on Friday and it will lose it's steam before moving again up. There are few factors for that. 1. Price is overextended on RSI (overbought) 2. 161% fib level 3. Yearly resistence line We are now at end of wave 3 and wawe 4 will most likely begin next week. Wave 4 is restracement. It's never too smart to trade wave 4, but to wait for a continuation and wave 5. If you wish to trade wave 4, wait for break of support line, but it's possible that never occur. If it does, price will most likely go to 1.28
by UnknownUnicorn5346859