Cryptocurrencies, US Stocks Weekly Market Analysis 3/1/2022 - 9/1/2022

white-cloud-ken@newsletter.paragraph.com (White Cloud Ken) — Sun, 02 Jan 2022 14:59:54 GMT

News about the market
Cryptocurrency: Baidu has reached a partnership with Nvidia to develop an AI metaverse. Baidu has its own metaverse platform Xi Rang which is in an early stage. Blockchain development in Southeast Asia countries (Indonesia, Singapore, Philippines, Taiwan, Thailand, Vietnam) is robust. Play-to-earn (P2E) games are banned in South Korea.

US Stocks: Baidu has reached a partnership with Nvidia to develop AI metaverse, artificial intelligence, autonomous car, and cloud computing.

HK and Mainland Stocks: Banks in mainland China are facing a lack of demand for credit. The reasons include companies having money in their hands, uncertainties to future business outcomes, and the vicious financial situation of some companies.

Global: About 100,000 Ukrainian reservists have been being trained to defend their cities in the fears of Russian attacks. The capital collected through ICO

Cryptocurrencies Market Analysis Bitcoin Last Analysis Review: Correct. This Week’s Analysis: Remain last weeks’ analyses. If BTC goes up to 50000 firmly, it should be considered a good recovery trend. BTC is now at the consolidation stage and still fluctuating in a narrow range. It is lacking momentum. So the target of 50000 is relatively hard to reach. Trade Direction: NA Ranking (Long Side): 3.625/7

ETH Last Analysis Review: I did not mention it. This Week’s Analysis: It is going down at a steady speed. The trading volume is dropping. A downtrend wedge is discovered. 4000 becomes a critical resistance. Trade Direction: NA Ranking (Long Side): 3.125/7

BlueSparrow Token Last Analysis Review: I did not mention it. This Week’s Analysis: The concept of this token is a lucky draw. Interesting. It has gone up a lot this week. But the sustainability of the uptrend is doubtful. I cannot find a white paper and founders' information on the website. It is quite suspicious.
Trade Direction: NA Ranking (Long Side): 2/7

US Stocks Market Analysis Roundhill Ball Metaverse ETF Last Analysis Review: I did not mention it. This Week’s Analysis: Though bottom is discovered, its trend is very volatile. Volatility poses a psychological burden to investors. I cannot figure out the trend for this target. Trade Direction: NA Ranking (Long Side): 3.5/7

Nvidia Last Analysis Review: I did not mention it. This Week’s Analysis: A downtrend is discovered Trade Direction: Short is advantageous in a downtrend. Overall Ranking (Long Side): 2.7/7