⚡️WS closed after an unexpected calmness in the market, while $BTC reached back $38k.
👉All 3 major US stock indices fell at least 1%. The #Dow drops to almost 500 Points. S&P500 falls into into correction territory.
👉#Facebook hits the $200 mark, down -48% since its ATH 5-month ago.
👉During the same period, surges above $38K and recovers $1,300 while $ETH gains +4%.
🔅Congrats again to the experts who tell us all the time that $BTC is correlated to US indices! 😅
👉All 3 major US stock indices fell at least 1%. The #Dow drops to almost 500 Points. S&P500 falls into into correction territory.
👉#Facebook hits the $200 mark, down -48% since its ATH 5-month ago.
👉During the same period, surges above $38K and recovers $1,300 while $ETH gains +4%.
🔅Congrats again to the experts who tell us all the time that $BTC is correlated to US indices! 😅
✅ From Facebook to META
Investors are often expected to hold long-term stocks in order to generate high and secured gains, but that's without counting on cycles that can cut years of gains in a short time.
In trading, it is always easier to buy an asset at its lowest price than to sell it at its highest price.
With a steady drop over the past 12-month that has seen $META price fall by -68% from its ATH, Facebook's long-term investors are now back to their 2016 (buy) price, cancelling +200% increase and all their gains. If we add the last 7 years inflation, their investment in Zuck's start-up turns now into a loss.
https://t.me/PowerCryptoClub/3180https://t.me/PowerCryptoClub/3180
👉🏻 As excepted in my TA last April, $META has broken its $130 support and will likely drop further...
$META potential buy price: under $110
Investors are often expected to hold long-term stocks in order to generate high and secured gains, but that's without counting on cycles that can cut years of gains in a short time.
In trading, it is always easier to buy an asset at its lowest price than to sell it at its highest price.
With a steady drop over the past 12-month that has seen $META price fall by -68% from its ATH, Facebook's long-term investors are now back to their 2016 (buy) price, cancelling +200% increase and all their gains. If we add the last 7 years inflation, their investment in Zuck's start-up turns now into a loss.
https://t.me/PowerCryptoClub/3180https://t.me/PowerCryptoClub/3180
👉🏻 As excepted in my TA last April, $META has broken its $130 support and will likely drop further...
$META potential buy price: under $110
🛑 #Meta Q3 Results 2022: #Facebook share price crashed on weak quarterly earnings
🚩13 consecutive monthly red candle bringing stock price back in 2015!
▫️Meta reported a second straight quarterly revenue decline and is forecasting another drop in the fourth quarter.
▫️The company’s Reality Labs division, which houses its VR headsets, lost over $9 billion in the first three quarters.
▫️The stock plunged in extended trading after already losing two-thirds of its value so far this year,
🚩13 consecutive monthly red candle bringing stock price back in 2015!
▫️Meta reported a second straight quarterly revenue decline and is forecasting another drop in the fourth quarter.
▫️The company’s Reality Labs division, which houses its VR headsets, lost over $9 billion in the first three quarters.
▫️The stock plunged in extended trading after already losing two-thirds of its value so far this year,