NovaQuant News | Insights on Blockchain, Stocks & Futures

January 8, 2025

Bitcoin Enters Distribution Phase, Is This Bad for BTC Price?

U.Today - Bitcoin (BTC), the world’s leading digital asset, has entered the distribution phase. That is, market participants are now actively engaged in selling BTC more than...

January 8, 2025

MGPI MGP Ingredients

Under legal issues for securities disclosure issues (or shareholders wanting to re-coop losses) Not sure if inventory disclosure issues really impact a businesses profitability or is considered enough to reward shareholders for losses, as that doesn't really impact profitability or value as carrying costs is already included in opex, but I'm not a fundamental analysis person Technically has several reasons this level may offer some medium term support I personally like higher potential profits but this one has a big cushion in terms of cash on hand (Quick ratio) has 30% insider ownership, has changed the management quickly upon the issue being raised, and is a relatively stable business from a profitability standpoint Not crazy cheap but has been driven down by bad news only and reaching technical levels of support with patterns emerging with oversold indicators and 18 year highs offering a zone of support meaning the path of least resistance is likely higher as all of the sellers have likely already sold Not looking to hold this one forever but may do a 1 year trade on it and try to capture the easy 50%

January 8, 2025

Dogecoin Founder Comments on Bitcoin Price Crash: Details

U.Today - In a lighthearted tweet, Dogecoin co-founder Billy Markus, who goes by "Shibetoshi Nakamoto" on X, has reacted to Bitcoin's recent price drop of over 5%. Markus...

January 8, 2025

Peter Schiff Predicts MSTR, Bitcoin Crash Ahead: Details

U.Today - Peter Schiff, a financial commentator and well-known Bitcoin (BTC) critic, has stirred the broader cryptocurrency space with another bold statement on X. In a post,...

January 8, 2025

21 Million Bitcoin (BTC) Supply Announced by Satoshi Nakamoto 16 Years Ago Today

U.Today - The cryptocurrency market may be in turmoil, but today offers a reason to pause and reflect. It has been exactly 16 years since Satoshi Nakamoto, Bitcoin’s...

January 8, 2025

Peter Brandt Sounds Alarm on Bitcoin, Bulls Buckle Up

U.Today - Peter Brandt, who is considered a legend in the financial markets with over 50 years of experience, has issued a new outlook on the price of the leading cryptocurrency,...

January 8, 2025

"Should I stay or should I go" QUBT falling out

Well, it broke out of the triangle, only not in the direction I was hoping for. Read up on the news about Jensen Huang bashing the quantum industry, also checked some background on QUBT (overvaluation concerns). I bought in at 17.50 about a week ago, being patient with the pennant. My thoughts: - Simply hold for the long run and don't panic, or - Sell and get out of it before it goes goes down even further towards annihilation (?) I must admit it was a bit of a gamble based on sentiment and technical anaysis (still learning!) (due diligence on the company should have warned me a bit) Any views and thoughts on it are most welcome!

January 8, 2025

AIPUMP Rivals VIRTUALS on Solana; KuCoin Announces First AI Token Listing of 2025

London, United Kingdom (TADAWUL:4280), January 8th, 2025, Chainwire aiPump, a no-code platform for the creation and deployment of AI Agents in the blockchain space, has been...

January 8, 2025

Broadening Range

After the heavy fluctuations in May we are trading in a range. Since November this range is broadening but within a rising bias. After the short term rise last week which can be considered as a signal we have corrected downward again. We are close to the bottom of the range again now and if the stock will really rise then this may be the chance of an entry.

January 8, 2025

Quantum Bubble Ready to Pop

RGTI looks like the poster child of irrational exuberance in quantum stocks. New Year Dump incoming after a 1000% in a little over a month and around 2,500% from the 52-week low. No fundamental new sales or orders to back this new increase which is driving the price to sales to all-time highs. 50-60% pullback imminent. scale in.

January 8, 2025

symmetri triangel

Eli Lilly has formed a symmetrical triangle after falling from an ascending trend. The hypothesis is supported by decreasing volume towards the apex. Ideally, the breakout should occur 2/3 of the way into the triangle. That is not the case here. Now we are close to the apex, so a breakout must be imminent. It is difficult to predict the direction of the breakout with a symmetrical triangle, even though the upper boundary has been tested the most. Be mindful of false breakouts – a true breakout should occur with high volume. Disclaimer: I have a position in Eli Lilly.