Objective Forex: August 2022

Monday, August 8, 2022

Mid year update 2022, bitcoin decline and possible bull market

Mid year update for 2022

Big bitcoin decline and possible bull market coming

Welcome back traders, as you all know BTC lost some value in the last months but we are strongly resisting at the hard 20k support line, support continues to grow as bitcoin reaches 23,400, as of this posting there may be breakout movement occurring as the price of BTC has touched 24,202.4.

We remain bullish on BTC as the 20k support level has continued to hold despite all the "fud" that has occurred in the crypto space. We will go ahead and make a massive prediction and say that BTC will continue to slowly grow reaching about 38k close to November, before a slight Christmas pump happening in either December or January next year. We will continue to recommend BTC as a speculative investment with good value.


CRO (Crypto.com) is still one of our preferred picks even after reaching 0.92 cents this crypto has been dragged back down to near purchase levels from over a year ago only due to the BTC bear market, CRO stands tall at 0.154 cents a coin. 

ZIL (Zilliqa) is still a top pick for us as well, despite the drop due to the last month long bear market ZIL has recovered quickly and continues to grow.

LUNC (Luna Classic) is an interesting and high risk play that we have found, despite the ultimate death of the company traders continue to accumulate LUNC and the price has held steady recently at 0.00010122, with any big sales and drops being bought up quickly. This could be an interesting play to dip into with a small position.


Stocks have been punishing us quite hard since our last update, none of our stock picks have turned out to do very well other than GOOD and PNNT.

IRBT (I Robot Corporation) $59.54 or as you know our precious Roomba stock has been purchased by Amazon at a buy out share price of $61 a share, this is better than what we've hit before at the low but still a disappointing conclusion to this trade despite good news. We will look to close out near the buy out price and enter another high value position in the coming weeks.

GOOD (Gladstone Commercial) $20.04
Remains a great investment, great profit generation and a solid dividend. 7.503 Dividend yield

PNNT (Pennant Investment) $6.45
An investing firm with a diversified portfolio and outstanding financials, we have dropped slightly from our entry point at over 7 dollars however this company continues to deliver with their dividend and high risk high reward business proposals. 8.14 Dividend yield

ACAB (Aurora Cannabis) $1.67
A staple in the cannabis stock industry being beaten down unfairly from over $10 a share last year, revenue is trending upwards and we see this as an undervalued company at these levels good to hold for a longer time scale.

NVDA (NVIDIA) $180.90
NVIDIA has been dragged down from highs over $300 a share based on a variety of factors however despite the company warning of a slight earnings decline we see this as a cautious move and look to add this to our long term portfolio.

Speculative plays

IONQ (IonQ) $6.71
One of the leading manufacturers for quantum computers and quantum computing. We still believe in this pick and feel like this should be one to tuck away for a long time in your personal portfolio, last time we were around $8 a share and this time we have an absolute bargain, we don't see this one getting any lower just based on absolute belief and power in this theoretical concept that is worked on every day.

Online Social Casino Gambling

Social Casino's have exploded in popularity recently and we can definitely see why. Online gambling laws have changed and these companies use work arounds letting you purchase fake money to gamble with while also awarding you free "sweeps coins" to use to gamble which you can withdraw into real money. We've found a few different sites that are excellent and continue to pay out on a consistent basis.

If you're interested in trading stocks and/or cryptos right now, use our trusted broker robinhood, using this link will grant you a free stock as a welcome bonus.

Or use Crypto.com for a safe android and IOS app, gain $25 in CRO when you make your first trade.

Use our trusted stock tracker Finviz, for all your stockmarket ticker research and data gathering needs.