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November 9 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin's downtrend isn't over yet, which means risks remain in the crypto market. But a more optimistic scenario is that the price of Bitcoin has broken through the previous low. History does not simply repeat itself, and market bottoms are usually accompanied by significant events. High - risk insolvency events are likely to lead to stronger regulation. For market participants and exchanges, a cautious investment attitude is needed. In the short term, $18,000 remains the most important psychological line of defense for BTC. Today’s Cryptocurrency Headline Meta Will Begin Laying off Employees Meta CEO Mark Zuckerberg told hundreds of executives on Tuesday that the company would begin laying off workers on Wednesday morning, according to the Wall Street Journal. Zuckerberg blamed himself, saying he was responsible for the company's missteps and overstaffing. As previously reported, people familiar with the matter said Meta is planning to begin large-scale layoffs this week. The layoffs are expected to affect thousands of employees, and company officials have told employees to cancel nonessential travel starting this week. Meta reported more than 87,000 employees at the end of September. This will be Meta's first major layoff since its inception. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
1
META Buy and Hold SetupNASDAQ:META Meta Platforms stock stoped the downtrend, after The Wall Street Journal reported that Facebook's parent company plans to begin large-scale layoffs. The layoffs could be the largest in a spate of tech job cuts following the industry’s rapid growth during the pandemic, with Twitter, Stripe and Lyft among the companies also reducing headcount. On a long term view this can be an interesting price for an investment. So here an trading setup for stock and option traders: The idea is to place one Stop Buy Order at 105 $, so when META will move in direction to gap closing we can participate from this move. If the price will go down to 80 $ I also place a stop limit order to catch a lower entry price. You can also do this when you sell a put option for the Strikeprice of 80 $. This brings you revenues of 3 % for a duration of 2.5 months.
NASDAQ:METALong
by tradevola
META Daily TA Neutral BearishMETAUSD daily guidance is neutral with a bearish bias. Recommended ratio: 45% META, 55% Cash. * BOUNCE WATCH . Equities, Equity Futures, Commodities, Cryptos, CNYUSD, JPYUSD, GBPUSD, EURUSD and US Treasuries are up. DXY and VIX are down. META has now fallen 77% from its ATH in September 2021 after posting two consecutive quarters of revenue declines and is projecting another a decline in Q4. Their Reality Labs division which works on their virtual reality + metaverse projects has lost almost $10b this year . Their operating margin is also shrinking as cost and expenses rose 19% YOY. People are getting fearful and smart money might be getting greedy. Though premature to say that META has found a bottom, it's looking like it's found a good spot for an impulse bounce. The Employment Situation today showed that nonfarm payroll employment increased by 261k and the unemployment rate jumped from 3.5% to 3.7% . Key Upcoming Dates: US October CPI at 830am EST 11/10; UofM November Consumer Sentiment Survey at 10am EST 11/11; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30.* Price is currently testing $89 support which coincides with the descending trendline from June 2017. Volume is currently Moderate (high) and has been shrinking for five consecutive sessions and is on track to favor sellers for a third consecutive session if it closes today's session in the red. Parabolic SAR flips bullish at $127, this margin is bullish at the moment. RSI is currently trending up at 24.5 as it continues to technically test 26.51 support which coincides with the uptrend line from July 2012 as support as well. Stochastic remains bearish and is currently trending down slightly at 2.72 as it approaches a test of max bottom. MACD remains bearish and is beginning to form a trough as it tests -13.77 support. ADX is currently trending up slightly at 42 with no sign of peak formation as Price continues to fall, this is bearish. If Price is able to bounce here then it will likely test $107.28 resistance and potentially attempt to fill the gap from 10/26/22 (~$128) when Price fell ~20% on earnings day. However, if Price continues to break down here, it will likely test $74 support . Mental Stop Loss: (two consecutive closes above) $90.
NASDAQ:META
by dailytaguy
3 Reasons Why You Should Short Sell META META formerly known as facebook is a huge social media giant. Sadly they dont give out dividends to share onwers Pension fund managers buy facebook shares and this is not a good investment when they buy them at a wrong time in a down trend. #1-Facebook is in a down trend #2-It gapped after the earnings report #3-the price gapped in favour of the trend It was a good share to buy in 2008 But today you have to SHORT SELL IT. Take care. Lubosi7
NASDAQ:METAShort
by lubosi
Meta Undergoes MetamorphosisFor the 9 year span between 2012 and 2021, Facebook grew at an average of 200% per year. Now being almost rested from a 1800% wave that stretched its value from $19 to $359 per share, Zuckerburg and Co. are ready to make way towards their encore siting near the price tag of $2579. A stock split could alter this price target but if an investor were to buy the big dip near $60, I'd expect the 4000% increase in value to remain a high probability outcome for Wave 3. While Jim Kramer is shedding tears because he was blindsided, we at least knew that META was nearing its peak level and a finish of Wave 5. While I'm not sure of his nor others approach to technical analysis, Elliott Wave gave clear signal that it was not the season for buying META. The morals of the story are simple, buy the dip, don't follow Kramer's advice and SURF!
NASDAQ:METALong
by DigitalSurfTrading
1
Buying META calls for 1 year will cost you 25%+ interest "APR"Options are leverage on stock, leverage, "aka" gearing, is a loan. The option extrinsic premium is a form of interest on the leverage. The strike price tells you the amount of leverage your are using relative to buying outright shares. If you are not careful, you might inadvertently end up paying crazy high rates of annualize interest. Options sellers know this, they look for these opportunities to help structure option trades. META SPY QQQ DIA
SP:SPX
by optionfarmers
Elliott Wave View: META Should Continue Further DownsideShort term Elliott Wave view on META suggests the decline from 7.21.2022 peak is unfolding as a 3 waves zig zag structure. Down from 7.21.2022 high, wave 1 ended at 157.92 and rally in wave 2 ended at 183.22. Stock resumed lower in wave 3 towards 131.92 and rally in wave 4 ended at 142.141. Last push lower to complete wave 5 of (A) ended at 122.28. Then stock bounced in a flat corretive structure. Wave A ended at 137.93, wave B ended at 124.37, and wave C ended at 142.69. This completed wave (B). From wave (B), META reacted lower as 5 waves impulse in lesser degree. Down from wave (B), wave ((i)) ended at 113.59, and rally in wave ((ii)) ended at 129.79. Stock resumes lower in wave ((iii)) towards 96.05, and rally in wave ((iv)) ended at 99.29 as triangle structure. Wave ((v)) lower ended at 92.50 which completed wave 1. Wave 2 is in progress, as 3, 7 or 11 swings higher fail below 142.69, expect the stock to extend lower.
NASDAQ:META
by Elliottwave-Forecast
2
META: Incredibly BEARISH!• META is still in a very strong bear trend, doing lower highs/lows in the short and mid-term; • So far, there’s not a single bullish sign of structure that could help META. Although there’s no perspective of a reversal, we must keep some key points in mind; • First, is the $96.37, the black seen in the 1H and D charts above. If, by any means, META reacts and closes above this point, it might indicate some exhaustion; • META could bounce to its 21 ema again, and this wouldn’t harm the bear trend at all, but this movement would have a high amplitude, as the 21 ema is very far from the price - so be careful; • Either way, the 21 ema in the 1h chart is going down as well, which might reinforce the resistance area around $96 in a couple of days; • As long as META maintains the pattern of lower highs/lows, below the 21 ema, below the previous resistances, the bear trend will just persist; Remember to follow me to keep in touch with my analyses!
NASDAQ:META
by Nathan_The_Finance_Hydra
Meta Obliterates SupportMeta/Facebook has destroyed its nearby support level and has nothing left to sustain ground for any lasting upside push. A relief rally could come over the next couple of years however, the downward slope has already initiated. Barring any rise above $305, it can be comfortably assumed that Meta will look to discover support near the $60 range. Holders should look for the most suitable exit in order to avoid more losses than necessary. (Wave analysis has been redacted from this marking however, wave-by-wave analysis will be tracked via link in bio).
NASDAQ:METAShort
by DigitalSurfTrading
10
🔥Why should the META grow by 182%? PE, EPS, QT, crypto(?)🔥 Hi friends! 434 days from ATH to 2015 year lows. Zuck lost almost $100 billion in 13 month! Why do I think that META should grow by 182%? The answer will be in the end. Now we gonna talk about the main reasons why the 1 trillion company fall to 270 billion capitalization. 🔥 First of all, if you want to undestand why META fall so deep, you should pay attention to the fundamental data. 📊 EARNINGS 3Q REV. $27.71B, EST. $27.41B, beats by only 1% 3Q EPS $1.64, EST. $1.89, lower by 15% 3Q FACEBOOK DAILY ACTIVE USERS 1.98B, EST. 1.86B 95% of profits Meta is advertising. According to the company's report, we can note that the smaller number of advertisements launched by users (sellers) indicates a decrease in demand among consumers. People pay attention to saving money rather than spending. 🚩 For example, investments in new housing decreased by 26%, which has not happened since the 2008 crisis. This indicates a world recession and the main reason why Meta fall. Globally, we can see the recession not only on Meta but on FAAMG overall. There has only been one other day since 2012 (when Facebook/Meta IPO'ed) in which FAAMG stocks underperformed the S&P 500 by as wide of a margin. 📊 PRICE TO EARNINGS (PE) and EARNINGS PER SHARE (EPS) The price-to-earnings ratio is the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS). Simply put, in how many years will the company pay off if 1 share brings a certain amount of profit. For example, if 1 share of Meta costs $100 and earnings per share (EPS) is $10, then your share will pay off in 10 years = $100 (Price)/10$/share (EPS). Only now after the 75% dump, the PE of Meta return to a favorable value for buying (9-10) for the long term. As you can see the PE was 20-30 at the last year and few years before. So you need to wait for 20-30 years for your investments to return! ✅ It's just a drop that normalizes the company's numbers and forces the stock to move from weak hands to more patient ones. 📊 THE FED HIKING RATE Quantitative tightening (QT) refers to monetary policies that contract, or reduce, the Federal Reserve System (Fed) balance sheet. FED will finish the hiking rate by the Q1 2023 ass experts said. The high rates are made in order to reduce inflation and so it is. Inflation in the US does continue to fall. But such high-tech companies as Meta are starting to suffer because of the reduced demand among the people. ✅ Therefore, we can see at least a local reversal in stocks in the next 2-3 months. 📊 WHY DO I THINK THAT THE META SHOULD GROW BY 150-200% IN THE NEXT FEW YEARS? The answer is the crypto BULLRUN and mass crypto adoption. The Meta (FB+Inst) is the largest social networks. Zuck is continuing to develop metaverse project (avatars, NFTs etc.) and as we all know there are no metaverse without crypto. Meta price can blow up, when BTC starts it's bullrun as it was with another companies related to the crypto back in 2020: Coinbase (COIN), Marathon (MARA), crypto miners (Riot, Hut8 etc.). 📊 TECHNICAL ANALYSIS The closest support areas: 🔥 $90-100 - value area, even number 🔥 $72-85 - value area ✅ The closest target and resistance is $162-186 value area. 🚩 The growing volume shows us that the main reason for fall was the the panic selling and MASSIVE liquidations of the overleveraged traders. This is why the price can make a local PUMP(pullback) soon. In any case, it's good for the big players , who got the huge amount of liquidity to buy Meta. ✅ Traders, what do you think on META? Is it possible for Meta to return to 1 trillion capitalization? Write in the comments! 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
NASDAQ:META
by Yuriy_Bishko
12
META - Great entry point to the future of virtual realityI will be explaining my reasoning behind being one the few going long here on META and Zuck We're witnessing the Motorola DynaTAC period where smart phones ultimately originate from. These Brick phones weighted in at 2.5 pounds or 1.1 Kg a little heavier and bulkier than the iPhone 14 at 0.37 Pounds | 0.17 Kg. Today I am honestly over smartphones that have been marketed as a productivity device turned into the exact opposite mixed with social media. Social media is a dying concept and completely anti social as everybody I see entirely on "social media" cannot even interact without a phone and gets the energy sucked out of them like a drug. There's hundreds of quotes prior to smartphones and virtual reality and I strongly credit the destruction of real development and innovation was due to social media mainly Facebook and Twitter, Zuckerberg realizes this and is making a forward step to finally get virtual reality done, we have the resources and the technology to start this, Microsoft, Apple, Valve, Varjo all see this and have heavily invested into this but by far META has the best chance to come out ahead as their profit model is entirely digital. Meanwhile everyone is throwing names at Zuckerberg, tv presenters have said he needs to go, global institutions we're basically just forced to fire sale META to meet margin calls. We're moving into a period of permanent high inflation, you can compare online gaming growth to Inflation the most growth came when people decided to use the virtual world over the real world due to cost of living, we have to stop thinking of this (Living entire lives in the Metaverse) and start thinking (Living a Hybrid lifestyle in the Metaverse) this will increase productivity and allow a real disconnect from digital to reality, smartphone can never provide this feeling due to the nature of how it attaches to humans looking to get little dopamine hits instead of completing tasks and actually being productive. Could META drop lower? of course nothing is certain in life but ask yourself in the next 5 years Zuckerberg pulls off the metaverse creating the next thing to the smartphone how much do you value the future? I can tell you one thing if people wait for the vision to be completed you have missed your opportunity. Happy bear market folks "By 2007, PDAs and cell phones will have merged into single devices. They'll have 802.11 (whatever flavor), Bluetooth, 3G and, possibly, direct satellite capability. They'll be voice-controlled and use a heads-up holographic display. Laptops will become unnecessary for most folks. -- Doug Jackson, director of technology customer services, University of Texas at Dallas" 2002 "The future of mobile/wireless computing over the next 10 years will include the replacement of tethered Internet connections with the freedom of mobility -- high-speed wireless Internet capabilities will soon become a staple for every worker, just as cellular phones are part of our lives today. Soon, affordable "personal broadband" services will allow business people to access their critical enterprise applications at a client site, an airport or in a cab. Personal broadband will also allow any number of applications that are waiting for the wireless Internet, from monitoring the vital signs of heart patients without doctor visits, to instantly uploading a digital picture to a personal Web site the instant the photo is taken. -- Martin Cooper, chairman and CEO, ArrayComm Inc., San Jose, and inventor of the personal cell phone" 2002 "By 2005, mobile access to information will seem as natural as remote control of a TV. In fact, we'll wonder why we spent so much time at a desk. -- Jacob Christfort, chief technology officer for the Mobile Products and Services Division, Oracle Corp." www.computerworld.com
NASDAQ:METALong
by UnknownUnicorn7947829
1