To The Moon

We have seen $CME Bitcoin - main 2404(BTCmain)$ climb 4% and focus have sharpened on the $58.8K as potential pivot point. This is because if we go back to before 18 April, where we saw Bitcoin was just below $60,000 on 17 April. We have since saw a 4% rally, CryptoSlate has identified $58.8k as a major support level — which is the short-term holder realized price (STH RP) that has previously acted as support during bull runs. If Bitcoin drops below the support level, it could signal a bearish trend, similar to the breach of STH RP in May 2021 that kicked off the bear market. The URPD (Unspent Realized Price Distribution) metric, as defined by Glassnode, shows the prices at which the current set of Bitcoin UTXOs were created — with each bar r

The pattern that we observed throughout the week at the NYSE index appeared to shadow yesterday’s trading session. We saw some early gains which seem to dissipate after the market show lack of strong buying interest. The dominance of decliners over advancers across both NYSE and NASDAQ was reflected in the trading session. Yesterday session saw the major indexes ended mixed, with S&P 500, NASDAQ and Russell 2000 giving their fifth consecutive loss, only Dow Jones managed to gather a marginal gain. Significant Contribution From Notable Movements In Heavy-weighted Stocks Yesterday market dynamics was largely contributed by some notable movements in heavily-weighted stocks. Microsoft, Amazon and Tesla suffered declines, with Tesla hitting their new 52-week low. Their performances had a n

What is a Bitcoin block halving event? Block halving events happen every 4 years or 210,000 blocks on Bitcoin blockchain. Bitcoin's initial block reward was 50 BTC. The current block reward is 6.25 BTC, the next block reward will be 3.125 BTC. This lowers the rate at which Bitcoins are generated. The halving is periodical and is programmed into Bitcoin's code. Estimated Halving Countdown Date/Time It is estimated to see the Bitcoin halving happening in Singapore time on 20th April 2024 at around 1047hrs GMT+8. As of time of writing, we have seen $CME Bitcoin - main 2404(BTCmain)$ went up by 2K from $61K to $63K. Miners stocks like $CleanSpark, Inc.(CLSK)$ $Mara

$Taiwan Semiconductor Manufacturing(TSM)$ reported quarterly earnings of $1.38 per share which beat the analyst consensus estimate of $1.32 by 4.55 percent. TSM reported quarterly sales of $18.873 billion which beat the analyst consensus estimate of $18.395 billion by 2.60 percent. That is a 12.88 percent increase over sales of $16.719 billion the same period last year. With this stellar earnings from TSMC, I believe the $VanEck Semiconductor ETF(SMH)$ will going to be benefit from it, and together with $NVIDIA Corp(NVDA)$ . TSMC and Nvidia are the Top2 holdings in SMH. Entry Point For VanEck Semiconductor ETF (SMH) I will be trading SMH today (18 April) as there

Earlier this month (April), we saw $Procter & Gamble(PG)$ announced a hike in its quarterly dividend by 7% to $1.0065 per share. This has make it one of Wall Street's best dividend stocks, with PG having raised its payout for 68 consecutive years. With the fiscal third-quarter earnings report due before 19 April 2024 (Friday) market open, P&G is expected to report earnings of $1.31 per share (-4.4% YoY) on revenue of $19.0 billion (-5.5% YoY). P&G’s margin performance which have been above its pre-pandemic levels, and with its strong cash position, stock buyback program and healthy delta between its free cash flow and allocation strategies should be able to withstand any volatility in its stock price. If the top-line sales were to be les

Yesterday (17 April) trading session, there was a slight green movement, but most of the trading session on NYSE show mostly negative performance, with the volume of trades being below average. We saw some early attempts to buy the dip, but the market did not manage to keep up the upward momentum. Indices closing in their lows but still reflecting an overall downside. NASDAQ lost more than 1% and S&P 500 lost 0.58%, these was largely influenced by underperformance in mega cap stocks and the semiconductor sector. Mega Cap and Semi Sector Dip The Vanguard Mega Cap Growth ETF (MGK) saw a decrease of 1.0%. PHLX Semiconductor Index experienced a significant drop of 3.3%. Information Technology in the S&P 500 was the worst-performing sector, down by 1.7%, followed by Real Estate which de

$Netflix(NFLX)$ will be disclosing ts first-quarter results after market close on Thursday (18 April). The fourth quarter have been a ‘blockbuster’ to Netflix as they saw subscriber numbers beating expectations and margin guidance upgraded, With Netflix rolling out cheaper ad-supported plan, this could show in Netflix’s results as this new plan should boost its earnings. As the plan start from a much lower base, meaning there's more room to run. Another area to look at for this earnings, would be the effect and result from Password sharing crackdowns, there should be some significant increase in subscriber from this exercise. Netflix is expected to report Q1 earnings of $4.20 per share, up 45.8% year-over-year (YoY) on revenue of $8.6 billion (+5.

We are less than 3 days until the most important and anticipated event in the cryptocurrency sector: Bitcoin's halving. This event is expected to have a major impact on the sector due to recent developments surrounding the leading digital asset. Some of these developments include the emergence of spot Bitcoin exchange-traded funds (ETFs) and the evolving regulations for digital assets. I think we need to understand what are the key metrics to monitor ahead of the halving include on-chain activity, exchange withdrawals, and ETF inflows. Bitcoin miners are expected to adapt to post-halving challenges by upgrading equipment and diversifying revenue streams. Bitcoin On-Chain Volume (7 Day Moving Average) As we can see that when $CME Bitcoin - main 24

Tuesday (16 April) trading session was hit by volatility by major indexes. The S&P 500 experienced a slight decrease of 0.2%, while the Nasdaq Composite saw a marginal decline of 0.1%. The only one that has managed to provide a modest increase of 0.2% was Dow Jones Industrial Average. The increase was being supported by a significant increase from $UnitedHealth(UNH)$ which urged 5.2% following its earnings announcement. Market React To Fed Chair Comment For More Time During the afternoon session, we saw there is fluctuations after Fed Chair Powell emphasized the need for more time to assess the impact of restrictive policies, especially in light of the ongoing challenges with inflation. This has been interpreted as a confirmation of recent ad

On Monday (16 April), we saw the stock market started off on a positive note with major indices moving with an uptick. The confidence of investors came back after recent downturns, and investors buying the dip supported by the lack of economic negative impact by the Iran’s attacks on Israel. As the session progress, we start to see investors’ initial optimism disappearing, we start to see selloff, but there is no specific news that trigger this pullback. We saw the situation worsened in the afternoon session after Israel’s Chief of Staff issued a statement hinting of retaliation against Iran, the selloff continue and finally the indices close near their session lows. The most significant dip was NASDAQ fell 1.79% and S&P 500 fell 1.2%, dropping below its 50-day moving average. Treasur