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H&S^2 but retail needs to give up firstWhat i like and i do not about Wish in the short-term 1. Insane volume vs market cap & free float 2. All retail has eyes on it 3. Upcoming correction in the markets? 4. 1 H&S taking place as we speak and one bigger one might take place couple of weeks from now 5. Weak hands needs to be shaken and if is there is a general market correction most of the retail on leverage will be forced to stop loss? 6. With so much publicity over the last weeks i feel confident that wish will announce better than expected user expansion on the the next quarterly results Where is i see market cap/price targets and why 1. 2021 $55 2. 2022 $110 3. 2023 $260-$280 A vast majority of people who buy things similar to what Wish sells for many years had no presence online for 2 major reasons. 1. They did not know how to shop online (how to use their phone to do that) 2. They were afraid to do so With covid however all these shoppers are NOW starting to explore the e-commerce and trust using their credit card online to make purchases, the reason why Wish showed poorer results in 2020 vs amazon for e.g is the fact that most customers that Wish really targets were not accustomed to use their phone and order online. This type of customers have 2 major advantages vs the one that shop on amazon,etsy or shopify. 1.They have lower income, therefore they are looking for maximum bargain prices and do not really care about shipping time 2.They are more prone to spontaneous purchases and this is what you get when you enter the Wish platform Looking a little into the future i want to point out the following points 1. Shoppers on EU & US will definitely have lower purchasing power over the long term! why? because right now all we can see is the formation of the new global middle class that comes mainly from ASIA ( China, Vietnam maybe India etc..) 2. Through Wish's B2C model Chinese manufacturers can really control prices as well as increase their %profit margins vs traditional shops (brick & mortar) where there was an intermediate. With Wish they can promote whatever product they want at whatever price they want and at the same time collect precious data about their customers, something that could not happen that easily up to now. 3. You might tell me well the competition is very high on low price chinese products and there are companies right now that have 10times better plan execution and fundamentals vs Wish! sure that's a thing and Wish has to do many thing in order to reach the $100b+ market cap BUT what makes Wish unique is it's platform experience and it's brand name! Let's talk again at the end of 2021 and see how this thing have played out!
W
by UnknownUnicorn274312
1
BITCOIN to 20.000$ ? We are on our way en here is why! MUST SEE!Dear traders, I have prepared an analysis of Bitcoin on the longer term. You can see here Bitcoin with an MACD on a weekly time frame basis and a MACD on a daily basis. If we go back in time for a moment, we got a sell signal in the weekly MACD on January 25 2018. The price of Bitcoin did not move higher after that but continued to fall with botteming out until October 24, 2018. It was a correction of 82% This was THE time to buy! The next sell signal of the weekly MACD was on August 30, 2019. The following period we got a correction of 64%. Again the perfect place to buy for longer term! Currently, we got the sell signal of the week MACD on April 23, 2021. Compare the chart yourself. The daily MACD is currently NOT showing any positive divergence so this correction is probably going to continue for some time before we see bigger pullbacks. That is ofcourse just a scenario because we are talking here on longer time frames. Traders, this does not imply that there will be no rebounds. But the long term picture and prices above 65000 can in my personal opinion be forgotten for a longer period. I understand traders who don't believe this scenario but this is my view on it. I believe Bitcoin will climb to 300.000 $ in the future only it will not go in one line. We do have corrections needed for a stable growth in price. So According to my personal analysis, with Bitcoin, we can see a possible bottom in the period January to July 2022 with a price target of 20000! Where and how do I get that number of 20000? First it was a milestone and extemely important keylevel in 2018. It is also the top from now with a 65% correction ( the minimum correction from the last 2 correctiosn). The time is just what happened in the past from the moment the MACD signal was given untill the final bottom and Bitcoin went up again! That is minimum 6 months and maximum 12 months if and only if history repeats it self. But that is where TA is based on and never forget it does not work always and for 100% but you will have a big edge on traders who don't see the bigger picture! Guy's as said already, this hypothese is my personal view on Bitcoin. It is not investment advice but a hypothesis that I believe has a very good chance of happening. I respect everyone's opinion even if it is different. That is why there are bulls and bears and the market is always priced correctly because there is as much demand as supply. The market also always comes back to the longer term average. My view on Bitcoin for the long term is very bullish because Bitcoin is only limited in circulation namely 21 million coins can be mined but again that will probably happen from next year only. Would love to hear your idea's and view on Bitcoin traders. What is your view and most important why! An idea is good but without analysis it says nothing of course. If you like my work please support it by following me and giving me thumbs up. That will motivate to continue with analysing the charts! Thanks!!! I wish all of you good trading and profits!
BITSTAMP:BTCUSDShort
by PegasusTechCharts
4
Corn Futures - Area Chart Analysis - Monthly ViewHello everybody, Here is my chart analysis for Corn Futures. Monthly timeframe & long-term vision. Since its historical top at 806'4 Corn is on a downtrend. Its bearish potential is really interesting. Nevertheless, 300'0 price level could be the next support. Indeed, Corn has been drifted in a range area between 320'0 & 440'0 since July 2014. If the actual price breaks this level, Corn could reach the 200'0 price level which has been hit several times. Between August 1998 & October 2005 but before also, I just don't have more space to show you that in this publication. However, Pay attention for a possible pullback on the 300'0 price level ! I hope you'll like it ! Follow me for Futures Chart Analysis ! Thanks & see you !
CBOT:ZC1!Short
by UnknownUnicorn4544564