gold and silver futures chart analysis and why gold may no longer predictably be used to time the silver moves at this period in time; though there are several ways for silver to reach 37-43 and ultimately 50, as gold is likely set to overshoot 3000.
Short bullish movement after breaking the downtrend on the 15min timeframe.
IREN ( NASDAQ:IREN ) just reported Q2 FY2025 earnings, showing huge revenue and profit growth: Revenue doubled QoQ to $119.6M (vs. $54.4M in Q1). Adjusted EBITDA jumped to $62.6M (vs. $2.6M in Q1). Net profit of $18.9M, recovering from a $51.7M loss in Q1. Bitcoin mining remains IREN’s core revenue driver, with 1,347 BTC mined (+65% QoQ) and mining revenue up 129% to $113.5M. Meanwhile, AI cloud revenue dipped slightly to $2.7M. Financially, IREN is in a strong position with $427.3M in cash, lower electricity costs per BTC ($21,418 vs. $35,359 in Q1), and total assets growing to $1.85B. The company also raised $440M via convertible notes at 3.25% interest to fund expansion. The AI & Compute Opportunity Beyond Bitcoin, IREN is aggressively expanding into AI and high-performance computing (HPC) with its Texas hyperscale data centers: Childress (750MW): New 75MW liquid-cooled AI/HPC data center in development. Sweetwater (1.4GW): Expanding to 2GW total with the Sweetwater 2 project (600MW). Mining capacity increased 50% to 31 EH/s and is on track for 52 EH/s by 2025. Massive Valuation Gap Despite strong growth, IREN trades at a low multiple (~4.6x 2024 EBITDA), which could drop to ~2.5-4x as Texas sites go live in 2025/26. Sweetwater alone is projected to generate SEED_TVCODER77_ETHBTCDATA:2B + in annual free cash flow—more than IREN’s entire current market cap ($2.3B). Applying standard data center multiples, IREN’s enterprise value could reach $20-40B—10-20x its current price, excluding the several billion in value from its Bitcoin business. Bottom Line IREN is rapidly transitioning from a Bitcoin miner to a major AI and HPC data center operator. With AI compute in high demand and limited supply, IREN’s undervalued stock could have massive upside. ?
NVDA is bouncing off the 200 MA and a bullish Order Block. Short term target is $142 for earnings. A relatively conservative bullish short term play is to a cash secure put at around $120 to collect premium. Stop loss around 115 range for short term traders.
Big Tech and pharmaceutical companies are accelerating the implementation of artificial intelligence in the healthcare industry. Just last month, AWS and General Catalyst announced their partnership to speed up the development and deployment of healthcare AI tools. GE Healthcare teamed up with AWS to build generative AI for medical use in 2024.   Now, a […] © 2024 TechCrunch. All rights reserved. For personal use only.
Wave 3 has awakened. This is not just another move, not a fleeting rally. It is the raw force of the market in its purest form. Everything Wave 2 tried to suppress—fear, doubt, hesitation—is now a thing of the past. The correction served its purpose: to separate the weak from the strong, to prepare the ground for the inevitable. But now, Wave 3 takes control. No resistance can hold it back, no barrier can stand in its way. This is the moment when the trend is no longer a possibility but an undeniable reality. It is the phase where those who believed are rewarded, where patience transforms into power. The stored-up energy is unleashed with force, with urgency, with direction. Those who doubted will watch in awe. Those who endured will feel certainty coursing through their veins. This is the moment that defines history. Wave 3 does not ask. Wave 3 dominates.
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 0.13/61.80% Chart time frame: B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress: A A) Keep rising over 61.80% resistance B) 61.80% resistance C) 61.80% support D) Hit the bottom E) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
? LONG BYBIT:APEUSDT.P from $0.7715 ? Stop Loss: $0.7640 ⏱ 1H Timeframe ✅ Overview: ➡️ BYBIT:APEUSDT.P is showing strong upward momentum, breaking through resistance levels and heading toward a new liquidity zone. ➡️ POC (Point of Control) at $0.6958 – a key volume area that acted as an accumulation zone before this move. ➡️ The price has broken out of consolidation and is approaching $0.7820 – $0.7910, where resistance was previously observed. ⚡ Plan: ➡️ Enter long after a breakout above $0.7715, confirming the bullish movement. ➡️ Stop Loss at $0.7640 – placed below the nearest support level. ? Take Profit Targets: ? TP 1: $0.7820 ? TP 2: $0.7910 ? BYBIT:APEUSDT.P remains bullish – expecting further upside movement! ? BYBIT:APEUSDT.P is showing strength but approaching key resistance levels. At $0.7820 – $0.7910, watch for price reaction. ? If volumes support the breakout, further growth is likely. ? However, partial profit-taking is a wise approach.
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 0.76/61.80% Chart time frame: B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress: C A) Keep rising over 61.80% resistance B) 61.80% resistance C) 61.80% support D) Hit the bottom E) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 0.76/61.80% Chart time frame: B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress: A A) Keep rising over 61.80% resistance B) 61.80% resistance C) 61.80% support D) Hit the bottom E) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.