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2024

(BTC) bitcoin "BB Trend - long range view"Here is another look at the BollingerBand Trend indicator with a greater reach in view. As seen in the graph with correlated indicator BTC reached a red zone at the time when the price was at its highest this year before falling and as the price fell the indicator began to rise once more. Being in a red, or under 0, with the BBTrend indicator right now and what does it mean is a good question to try to answer. There are too many indicators and all of them cannot be laid on top of one another to see one giant indicator mess while trying to discover the hidden gem of the chart.
BITSTAMP:BTCUSD
by CryptocurrencyBlot
(BTC) bitcoin "miners make less money -- work harder"Due to the halving, the miners make less money. This means the miners have to work twice as hard to make the same amount of money. Historically, a miner earns on transactional process. When that money is conceived into a usage case scenario the money as BTC is spendable, or capable of being saved for later. Right now and since April 19/20th 2024 the newest halving should mean miners make less money and therefore have to work harder to make the same amount of money they were making the four years previously. Miners have to adapt and adjust to the new progress sheets earning less money for the same amount of work as before. The graph chart indicator appears to show the blue line rising over all over moving average lines. This is a good sign that needs to happen to allocate all moving average lines into an order to represent the pattern where Bitcoin's price increases strongly from retail traders interests. The blue line rose above the other MA lines in July but did not commit and failed to see a complete flip of all MA lines. The line formation is tighter now so it is possible the strength is better this time around despite the price slowly falling month to month since the halving. My Bollinger Band trend graph indicator shows BTC still in the red based on slower incremental movements.
BITSTAMP:BTCUSD
by CryptocurrencyBlot
XAUUSDXAUUSD . Potential short opportunity. Our idea remains the same as yesterday however we are posting an adaptive analysis. The price on XAUUSD has made a new ATH (All Time High) we are due for a pullback (at least 50%). Our new key levels are sitting at 2600, 2560, 2545, 2530. Our entry is at 2589. We are expecting the price to drop down to our Key Levels (KL). Every break of the new KL will result in deeper pullback . Stops are set at yesterday’s high. We must keep in mind that gold is still overall bullish and even if we see our KL4 (2530) we would still expect the price to go up from there. Overall still bullish on XAUUSD . PARAMETERS - Entry: 2589 - SL: 2600 - TP1: 2560 - TP2: 2545 - TP3: 2530 KEY NOTES - Possible double top on XAUUSD. - Break of KL2 could result in deeper pullbacks (KL2 -> KL3). - Break of yesterday’s low could result in deeper pullbacks (KL3 -> KL4). - Stop is set at the previous days high. Happy trading! FxPocket
OANDA:XAUUSDShort
by FxPocket
USDJPY: Slight Bullish Bias This Week? (19/09/2024)As of September 19, 2024, traders are closely monitoring the USDJPY pair for potential bullish momentum. Several fundamental factors and market conditions indicate that the pair might see a slight upward bias this week. Let’s dive into the key drivers affecting the USDJPY price action. 1. Diverging Central Bank Policies One of the primary influences on USDJPY is the monetary policy divergence between the Federal Reserve (Fed) and the Bank of Japan (BoJ). - Federal Reserve’s Stance: As we move into the week, the market expects the Fed to maintain a hawkish stance or at least keep interest rates elevated. Although there’s some speculation about a possible pause in future rate hikes, the Fed's priority remains controlling inflation. This higher interest rate environment in the US makes the US dollar more attractive, pushing USDJPY upwards. - Bank of Japan’s Ultra-Loose Policy: In contrast, the BoJ continues its ultra-loose monetary policy, aiming to stimulate Japan’s sluggish economy. Despite rising inflation in Japan, the BoJ has shown little inclination to raise rates aggressively. This Interest rate differential between the US and Japan tends to weaken the yen, giving a bullish outlook for USDJPY. 2. Risk Sentiment in Global Markets Risk sentiment plays a crucial role in the movement of USDJPY. When global markets are in a risk-off mode, investors tend to flock to safe-haven assets like the Japanese yen, strengthening it. However, recent global economic data and financial news have maintained a somewhat stable risk appetite, leaning towards a risk-on environment. - US Economic Data: Recent reports from the US, such as better-than-expected retail sales and strong labor market data, continue to support the narrative of economic resilience. This fuels demand for the dollar and supports USDJPY’s bullish momentum. - Global Geopolitical Risks: While geopolitical tensions in regions like Europe and the Middle East may inject some volatility, there hasn’t been a major shift toward a risk-off sentiment that would heavily favor the yen. For now, dollar strength seems to dominate. 3. Japanese Economic Conditions Japan’s economy continues to struggle with low growth despite rising inflation. The BoJ’s consistent approach to stimulus, combined with the government's push for wage growth, has not yet translated into significant yen strength. Additionally, trade deficits in Japan, exacerbated by higher import costs, have weighed on the yen’s valuation. Without a major shift in BoJ policy or a significant improvement in Japan's economic performance, the yen will likely remain under pressure, keeping USDJPY on a slightly bullish path. 4. US Bond Yields US Treasury yields are another major factor driving the USDJPY. Higher US bond yields, often seen in response to tighter monetary policy and strong economic data, make the dollar more attractive to foreign investors. The upward trajectory of bond yields has been a persistent theme, reinforcing dollar strength. If this trend continues through the week, we can expect additional support for USDJPY. 5. Technical Indicators Looking at the technical analysis for USDJPY, the pair has been trading near key resistance levels in recent sessions. If the pair breaks above these resistance zones, we could see further bullish momentum. - Key Support and Resistance Levels: The 145.00 level has been a psychological support level for USDJPY, while 148.50 serves as resistance. Should the pair break beyond this resistance, it could trigger more buying pressure, pushing USDJPY higher. Conclusion: USDJPY’s Slight Bullish Bias In conclusion, the USDJPY pair is expected to exhibit a slight bullish bias this week, primarily driven by: - Monetary policy divergence between the Fed and BoJ. - Favorable US economic data and rising Treasury yields. - Limited economic growth in Japan, with persistent trade deficits. - Stable global risk sentiment supporting the dollar over the yen. Traders should keep an eye on US bond yields, Fed comments, and any sudden shifts in risk sentiment or geopolitical events, as these could influence USDJPY’s trajectory throughout the week. --- Keywords: - USDJPY forecast - USDJPY bullish bias - USDJPY analysis September 2024 - USDJPY technical analysis - USDJPY key drivers - USDJPY trading strategy - USDJPY and Federal Reserve policy - USDJPY support and resistance levels - USDJPY risk sentiment - USDJPY bond yields impact
Short
by PERFECT_MFG
Market$ CorrelationsICEUS:KC1! Coffee Harvest in Colombia starts in October: Colombia is reported to produce 10-15% of the worlds entire coffee supply, the third largest coffee producer in the world! Speculating ICEUS:KC1! will be +MOVING ABOVE $260. I also speculate ICEUS:KC1! will support the Colombian index NASDAQ:NQCOMC to continue above its $726 highs. Lastly I don't see the present correlation between the NASDAQ:NQCOMC and the AMEX:SPY having a negative effect on the US economy; as it pertains to the fears of a USA recession popping up in recent headlines while approaching the Federal Interest rate decision in the days ahead.
NASDAQ:NQCOMCLong
by UnknownUnicorn28743597
(BTC) bitcoin "auto fib retracement - 100"BTC falling beneath the 100 auto fib retracement. Other cryptocurrency also beneath the red layer of the auto fib retracement include; AVAX, BADGER, CELO, COIN, CURVE, DASH, EGLD, HFT, KSM, MINA, RAD, SUSHI...and ICP is in the red unlike the other top traded cryptocurrency remaining in green, neutral or blue areas of the auto fib retracement. Others below the red line include: IMX, SUPER, AUCTION, PERP, IDEX, NMR, OGN, YFI, BLUR, DYP, STORJ, UMA, AXS, BTRST, SEI, APE, C98, DIA, LDO, METIS, GRT, TIA, MATIC (POLS), XCN and FX. Still no info from the newly listed tokens/coins of 2024.
BITSTAMP:BTCUSD
by CryptocurrencyBlot
(JASMY) JASMY The price is maintaining nicely, the graph shows an indicator that measures moving averages and overlapping information. Circles are progress signals, crosses are negative signals. The recents show crosses around the same time the price was falling. Also I modified my indicator's colors and adjusted things to be more starry to look at. Sometimes it's more for the sake of knowing I'm going to stare at the same indicator for a long time. Many indicators outside BTC, ETH, Jasmy, are showing signals of cryptocurrency overall reaching a well point surpassing the crossunder length of the longest running moving average lines. Jasmy is not showing long moving average lines crossing and is maintaining a strong price increasing inertia. Long lines will have big circles or big cross and short lines will have small circles or small cross in this indicator. The 10 and the 50 is the yellow line.
COINBASE:JASMYUSD
by CryptocurrencyBlot