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Evergrande, Inflation, Supply Chains = Good For Crypto? I did a video version of the editor's pick idea (link below) with more details and a more holistic look at what's been going on in real-estate, politics, and crypto. What happens next is anyone's guess but underlying trends tend to show that the crypto market itself will probably be OK, if not bullish. Some notes from the vid below: - Inflation is here to stay in the US, China’s inflation is very low right now (below 1% with up and down trends, the US is 5.4% and steadily climbing) and is more likely to recover more smoothly in the long run if they allow Evergrande to default on their loans. - The United States was caught off guard by inflation warnings because they have outsourced most of their manufacturing overseas over the last few decades -- out of sight, out of mind. (They refused to consider increasing interest rates or lower gov spending until very recently.) - Crypto is an “inflation friendly” asset because its price is adjustable and is not beholden to supply chain issues. - China’s ban on Bitcoin and other assets are pretty typical of the politics there, but savvy Chinese investors often invest in foreign assets as a way to dodge taxation and political entities taking control of their assets. This includes real-estate, but also things like cryptocurrencies. - In September, the media latched onto the Evergrande controversy and dipping crypto prices by attempting to correlate the two. Data shows otherwise, however. - It will probably take 6-12 months (1 or 2 business cycles) before the effects of Evergrande are seen in the US real-estate markets, but it will most likely be negative for traditional assets. The question is, will this be good or bad for crypto?
BITSTAMP:BTCUSD
by RyanTanaka
1
Go to the ATH!The paper has formed a good uptrend. A fixing above the support level 171 would give a positive signal for a long-term buy long. Fundamentals are also good, Chinese companies start to recover, you can pick up with a good discount and wait for new ATH. On targets: the nearest unloading I plan on the mark of 230 dollars (+35%). ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Stock trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast.
NASDAQ:BIDULong
by QuantumLabSignals
FXI, Immediate term trade and trendSignal didn't like FXI for a long time now. I have been short. And now it seems like there will be another short opportunity?? I will be keeping an eye on this PS. Each box span a day, and the code gives short term and long term trends as shown. the trend is shown with the color of the box. The range is calculated on a daily basis. If you want similar ranges and trends on your ticker, feel free to contact me, I will add them to my list and provide them when the signal is interesting (for free of course) Redd
AMEX:FXIShort
by reddan256
Evergrande vs Bitcoin, Round 2Latest update on the Evergrande fiasco. It's looking like this could be much bigger than even the alarmists have been speculating so far. tl;dr - the US media is very poor at covering foreign news, especially when it comes to money. Be wary of what you read out there. China is likely to let Evergrande defaut, which will stand in stark contrast to what we did over here. Expect this issue to get political, especially from the Democratic side since people like Pelosi have made their fortunes in real-estate as well. This could potentially be a very good thing for #crypto because it will shake people's confidence in traditional assets while also providing more liquidity. If they're going to sell or not purchase a home anymore, where is it going to go? Interest rates are pathetic right now and crypto is the only thing getting people decent returns as we speak. The Federal Reserve is maybe-sorta-kind-of-thinking about doing the right thing (which is to increase interest rates) but their response is likely going to be too little too late. I think we should probably assume that the correction is going to run its course and adapt accordingly. More to come with this stuff but it's one of the few things worth paying attention to in finance right now.
BITSTAMP:BTCUSDLong
by RyanTanaka
More Details of XPeng's New SUV RevealedThe vehicle, which is based on XPeng's Edward platform like the P7 sedan, could be available in the fourth quarter of 2022. After spy photos of XPeng Motors' new mid-size SUV were revealed in late July and late August, new photos as well as specs have been revealed showing more details of the model. According to Weibo user, the car, which is based on XPeng's Edward platform like the P7 sedan, could be called XPeng G9 and could go on sale in the fourth quarter of 2022. The car's wheelbase is between 3,050-3,100mm, longer than the NIO ES8 and Li Auto's Li ONE. But the car could be less than 5 meters long, possibly slightly shorter than the latter two, according to the blogger. It is not certain if the car will have a third row of seats, the blogger said. It has a full glass roof, similar to a Tesla. It features bezel-less doors as well as hidden door handles, according to the blogger. In terms of body materials, the model uses a lot of aluminum, involving the front hatch, front and rear doors, and the front bumper. The model comes with an advanced autonomous driving system and LiDAR with XPILOT 4.0 support, the blogger said, adding that the layout of its LiDAR seems to indicate that the supplier is still Livox, incubated by drone maker DJI. Its price could lie in the CNY 300,000 (USD 46,600) to 400,000 range, between the XPeng P7, which starts at CNY 229,900, and the P7 Wing edition, which costs CNY 409,900, the blogger said. This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
NYSE:XPEV
by EqualOcean
🔥 China Banning Crypto FUD: 2 Weeks LaterAround 2 weeks ago China announced that they will ban the usage of cryptocurrencies, for the 10th time or so. During this period a lot of investors were calling for the end of crypto and BTC back to $20k. On that exact day, I made the analysis below. As seen in my previous China FUD analysis, China has banned or tried to regulate crypto many times, with little effect on the (long-term) price. Next time that China announces another crackdown on crypto, try to think of it as another possibility to buy in the market at a discount. Since the China FUD 15 days ago, Bitcoin has rallied a massive ~29%, proving yet again that the sell-off was nothing more than a knee-jerk reaction to bad news. Happy trading!
Long
by FieryTrading
6
Luckin Coffee: Back on Track?The tech-powered coffee chain may soon be ready for another public listing. The Chinese coffee pioneer went on to achieve positive revenue growth despite the expected surge in its settlement fees and continued operating losses. More financial data from Luckin will be worth paying attention to in the near future. Unexpected revenue improvement On September 21, 2021, Luckin Coffee (LKNCY:US) filed its annual report of 2020 with the US Securities and Exchange Commission (SEC), which took much longer than many market participants anticipated. Although the fraud in 2019 astonished the China tech world and the company was expected to experience a wide range of store closures and steep revenue decline, its 2020 results surprisingly improved. In the consolidated financial statement, the previous inflated revenue of CNY 5.10 billion in 2019 was adjusted to CNY 3.02 billion. The net revenue in 2020 reached CNY 4.03 billion, a 33.3% growth rate year-on-year. Operation expenses rose by 6.2%, which was largely contributed by the CNY 475 million of losses related to fabricated transactions and restructuring, reaching a total of CNY 6.62 billion. The company continued to be loss-making, with a net loss of CNY 5.59 billion. Yet, the figure includes CNY 2.40 billion of provisions for settlements (for SEC & equity litigants). The non-GAAP net loss, which ignores the above-mentioned expenses, was CNY 1.97 billion, an improvement from a CNY 2.79 level in 2019. Business expanded despite upheavals Another surprise came from Luckin's growing store number under the cloud of fraud, COVID-19 lockdowns, delisting and management team upheavals. As of July 31, 2021, the firm had 4,030 self-operated stores and 1,293 partnership stores. The former store type almost stayed unchanged (from 3,929 in 2019) in terms of numbers while the latter increased by 47.9% from 2019. The report also shows that the coffee chain closed many under-performing stores, most of which were self-operated. This might be a hint for the brand's determination on cost-saving and a switch to a franchise model. With the closing of stores, Luckin was no longer larger than Starbucks, but the coffee brand is still the second-largest since no other coffee chain can surpass it yet, in terms of the number of stores. Amid intensifying competition, self-operating store expansion failed to improve per-store revenue Though it was actively scaling up its business in previous years, evidence shows this strategy did not lead to improvement in per-store revenue for Luckin. In 2020, this problem was still haunting the coffee brand, as its intensive growth factor for self-operated stores (revenue per store per day) significantly underperformed, going negative (-10.1%). Nonetheless, the company's structural adjustment to focus on franchising might be promising, as the intensive growth factor (+106.5%) for partnership stores approached the extensive growth factor (+146.6%), implying that the brand's attempts in opening more partnership stores was advancing side by side with improvement in unit economics. Chinese consumers, especially those from first- and second-tier cities, have developed a habit of drinking coffee, providing a fertile ground for the enlargement of the fresh-brewed coffee market. Interestingly, brought up by the trend the success of Luckin created, novel domestic coffee brands such as Manner have started to emerge, and foreign coffee houses such as Tim Hortons that covet China's coffee 'blue sea' have entered as well. Soon, Luckin should expect an even more competitive industry landscape. In addition, the company was relying heavily on its coupons to acquire customers and expand its business. In the short term, this strategy is cash-burning and requires a vast capital backup, and in the long term it may be unsustainable if their products are not favored by the target consumers, especially now that company is delisted, short of fingertip capital support. Last notes Yet, Luckin's omnipresence in China is still unchallenged by other native and international brands except for Starbucks. Business-wise, it seems the firm is also reacting to the sustainability problem by cutting down its coupon expenses. In 2020, its sales and marketing expenses took up only 13% of the total expenses compared to 20% in 2019 and 31% in 2018. With opportunities yet to be explored in this coffee blue sea, it would be interesting to track the future release from this troubled Chinese coffee leader that survived all the internal and external adversities. For the full article with the charts, please visit the original link. [/ b]
OTC:LKNCY
by EqualOcean
1
USD/CNH Triangle Apex Nears, Will Prices Break Higher or Lower? The Chinese Yuan's volatility versus the US Dollar has eased considerably in recent months compared to price action seen earlier this year. USD/CNH is quickly approaching the apex of a Symmetrical Triangle pattern, however. This may see the currency pair make a break higher or lower in the coming weeks. Technically speaking, the triangle doesn't show bias to either side and prices are gyrating around the 100-day SMA. However, fundamentally, the Yuan's position versus the Greenback doesn't offer a strong picture given the prevailing housing market headwinds in China.
by Thomaswestw
We will wait before taking action on Chinese Stocks. Today we will take a look at BABA. When do we think maybe a good moment to start adding Chinese stocks into our portfolio? Of course, we will look at the answer from a technical perspective, and this is the conclusion we make: a) We must see contact with the support level first (Is there buying pressure?) b) If we see bullish pressure, that is the first sign those big investors may be adding again. c) Ok, that's the first filter; the second filter is the breakout of the descending trendline. That would mean a change in behavior or sentiment. Now the price can stabilize and avoid the previous decreasing angle in price. d) Cool, can I buy it now? You can buy whenever you want; however, we will not do that; we want to see our 3rd filter. Corrective Pattern after the contact on the support level + breakout of the descending trendline. It's pretty standard after we observer a breakout of a key level (in this case, the descending trendline), a lot of FOMO comes to the market. "Chinese Stocks are booming! I will not miss this..." And most of the time, those traders or investors get trapped on a correction. e) So if all the previous filters happen, we will develop long setups on BABA. f) Patience is key when looking for quality setups; you can't ask the market for opportunities; you need to wait until the market provides one. Thanks for reading!
NYSE:BABA
by ThinkingAntsOk
55
COIN- BUY THE DIP AND FORGET THE CHINA FUDCoin is very undervalued here at these prices, and is setting up for a amazing risk to reward ratio to open a position. If i was just trading this, i would set a stop loss for somewhere below $215 and Set Profit targets at: $250/$290 & $330. I wouldnt be surpised at all if this ran similar to APPS the past month where the stock price has surged from below 450 a share to pushing $75 a share recently. This for me is starting a long-term position, but i may add extra capital and play some shares as a shorter swing trade. Goodluck Traders!
NASDAQ:COINLong
by FinanceGuy204
AUDUSD ShortA Series of Valuation Signals produced by our models on a range of AUD pairs show a potential downside move about to hit AUD/USD. Our analysis shows Chinese Credit Default Swaps are the top driver negatively impacting AUDUSD, which have been uplifted by the recent Evergrande Crisis. Since this macro driven signal emerged on October 2nd, 2x Hidden RSI Divergence Signals have appeared, with the spot value making lower highs while becoming further overbought. Should there be further downside from China, AUDUSD looks to be the way to express it... LOOK UP™
Short
by UnknownUnicorn25542523