⚡️GAFAM
#Google: -30%
#Apple: -30%
#FB #Meta: -59%
#Amazon: -47%
#Microsoft: -31%
⚡️Others
#Alibaba: -67%
#Shopify: -81%
#Netflix: -77%
#PayPal: -76%
#Zoom: -81%
#Tesla: -45%
#Coinbase: -90%
👉🏻 This is not a Crypto crash, but a heavy correction of GAFAM and the Tech stocks that have exploded with the lockdown and digitalization of the economy.
Chart from Statista: Market capitalization of largest companies in S&P500 Index as of April 22, 2022 (in billion U.S. dollars)
#Google: -30%
#Apple: -30%
#FB #Meta: -59%
#Amazon: -47%
#Microsoft: -31%
⚡️Others
#Alibaba: -67%
#Shopify: -81%
#Netflix: -77%
#PayPal: -76%
#Zoom: -81%
#Tesla: -45%
#Coinbase: -90%
👉🏻 This is not a Crypto crash, but a heavy correction of GAFAM and the Tech stocks that have exploded with the lockdown and digitalization of the economy.
Chart from Statista: Market capitalization of largest companies in S&P500 Index as of April 22, 2022 (in billion U.S. dollars)
✅ Quick News‼️
🇪🇺 Eurozone #inflation reaches 8.9%, the highest it’s seen in 25 years.
🇬🇧 UK #inflation reaches 10.1%, the highest it's seen in 40 years.
👉🏻 IMHO, these inflation numbers are very significantly understated...
🇨🇦 Canadian Crypto exchanges #BitBuy & #Newton are imposing an annual buy-limit of $30,000 on altcoins.
▫️The total number of #Ethereum name service registrations $ENS has surpassed 2 million.
▫️#Google invested $1.56 billion into blockchain companies between September 2021 & June 2022.
🇧🇷 #MercadoLibre, Latin America’s largest e-commerce company, has launched its own Crypto for its 80 million users in Brazil.
▫️The 750,000th #Bitcoin block was mined today.
🇪🇺 Eurozone #inflation reaches 8.9%, the highest it’s seen in 25 years.
🇬🇧 UK #inflation reaches 10.1%, the highest it's seen in 40 years.
👉🏻 IMHO, these inflation numbers are very significantly understated...
🇨🇦 Canadian Crypto exchanges #BitBuy & #Newton are imposing an annual buy-limit of $30,000 on altcoins.
▫️The total number of #Ethereum name service registrations $ENS has surpassed 2 million.
▫️#Google invested $1.56 billion into blockchain companies between September 2021 & June 2022.
🇧🇷 #MercadoLibre, Latin America’s largest e-commerce company, has launched its own Crypto for its 80 million users in Brazil.
▫️The 750,000th #Bitcoin block was mined today.
✅ 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
✅ #NASDAQ100 There are 7 companies out of 100 weigh for over 50% of the total market cap.
👉 Performance since Jan-2023:
#Meta ⏩ +70%
#Tesla ⏩ +45%
#Apple ⏩ +28%
#Microsoft & #Google ⏩ +18%
#Amazon ⏩ +15%
👉 Performance since Jan-2023:
#Meta ⏩ +70%
#Tesla ⏩ +45%
#Apple ⏩ +28%
#Microsoft & #Google ⏩ +18%
#Amazon ⏩ +15%