Get started

Spot

Spotify Stock to Lose Half of its 2020 UptrendIs this a good time to join Spotify bulls? Let’s see how the situation looks like from an Elliott Wave perspective. The daily chart above puts Spotify advance from its December 2018 low in Elliott Wave context. The chart reveals that the uptrend from the 2018 low at $103.66 is shaped as a complete five-wave impulse.  The pattern is labeled 1-2-3-4-5, where the five sub-waves of wave 5 are also visible. There is also a good alternation between the correction, wave 2 is a time-consuming flat pattern that completed during the coronavirus panic of 2020, and wave 4 is a sharp zigzag move.  According to the theory, a three-wave correction follows every impulse. The corrective phase of the Elliott Wave cycle typically erases the entire progress achieved by the fifth wave. Applying this to SPOT stock makes us expect a decline back to the support of wave 4 near $220 a share . If this count is correct, a ~43% drop from the top at $387 seems to have just begun. The double bearish RSI divergence between waves 3 and 5 also indicates the bulls are running out of steam What's your view on Spotify Stock? Let me know in the comment section. Thanks for reading! Veejahbee.
NYSE:SPOTShort
by Veejahbee
3
If you read this you will never participate in any IPO..!It is obvious that many people who participated in BMBL IPO are in red zone, but the worst has yet to come! Look at TWITTER, SNAP,FACEBOOK, SPOTIFY, and PINTEREST historical charts..! Clearly anyone who participated in those IPO in the very first day lost 50-85% of his his capital in several weeks or months! I’m currently conducting a study on IPO Ed stock in last 3 years, obviously you are in danger of losing your capital in 3 out of 4 recently IPOed stocks. It doesn’t matter if you are a trader or longterm investor, you have to take care of your capital. 1st day IPO = Bubble burst..! A bubble is an economic cycle that is characterized by the rapid escalation of market value, particularly in the price of assets. ... During a bubble, assets typically trade at a price, or within a price range, that greatly exceeds the asset's intrinsic value (the price does not align with the fundamentals of the asset)(investopedia) BMBL chart is 30 minutes, others are weekly charts..! Please write your experiences of participating in IPOs in comments
NASDAQ:BMBLShort
by Moshkelgosha
13
How to trade Bitcoin that has high volatility and have a life !Hello just wanted to share my trading system since too many people stress a lot over bitcoin volatility and loose money, I also lost a lot in the past trading the charts with margin / futures. Today I have this simple trading system and I relax and dont care where markets go next and I been getting profits of about 10% average each month on bitcoin, ethereum and other major alt coins. In general the rule is too buy a bit more on every dip and sell in chunks and levels only when price is above my previous purchase. I do this for a few alts too such as ethereum , bnb, link, ada, dot, xlm, doge, ltc I trade on spot only, no leverage, start with 100% USD and current price, then I set buy limit orders for a small amount of USD, about 2% of balance for when bitcoin drops 2%, another limit buy order at -4%, -6% ... -40% Sometime later, for instance every 8 hrs or as possible, simply set more buy orders at -2% price if btc price has increased and set sell limit orders at +2%, +4% .. +40% once the orders are filled I also buy a very small amount when price is slightly above a new ATH. This strategy can work for any market, for instance stock market, just select markets that have a bright future, do your research. I dont short sell, only do traditional buy low and and sell high, major crypto coins are the future, blockchain is the new Internet ! I hope this helps, you dont need to loose sleep and stress with trading.
Long
by muxie
1