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Bitcoin-gold

BTC vs VirtualGold- Did you ever notice that BTC and PaxGold/BTC have a perpetual inverted correlation ? - All Pax Gold tokens are backed 1:1 by ounces of London Good Delivery bars held in Brink's vaults. - Allocated gold-backed PAX Gold tokens are protected both in the vault facilities and in transit. Availability of FDIC Insurance for Stablecoin Reserves. - PaxGold acts as store of value when BTC dip. - Some Whales don't like to switch their BTC to stable coins. - So they just turn on PaxGold when BTC crash. - This also can be a good alternative if you don't use too heavy Leverage. - Keep 50% in BTC. - Keep 50% in PaxGold. - if you are fast enough, you could find a way to make some bucks. PS : Don't forget that this analyze is 100% paired with BTC. Happy Tr4Ding !
by thecryer
2
$DXY trying to base daily but weekly shows ominous signThe US #Dollar is trying to base on the daily charts, again. Not making calls until we feel sure, many times we're posting just to show what we see. We've mentioned many times that calls are CLEAR when they are made. Breaking under doesn't mean impending doom, look at June how it came back. However, that is NOT the norm! Usually a break turns that support level into staunch resistance, for some time as well. Weekly, there's a BEARISH crossover. TVC:DXY #GOLD #SILVER #Bitcoin
TVC:DXY
by ROYAL_OAK_INC
Digital gold up (BTC), spot gold down (XAU)Digital gold up (BTC), spot gold down (XAU) Bitcoin, often referred to as digital gold, has surged again, extending above $43,000. The crypto has maintained its positive momentum for five consecutive days now, marking a 15% increase over this period. At present, the price hovers around $43,300, after pulling back from a recent high of $44,011. From a technical perspective, bitcoin has surpassed the 50% level between its 2021 all-time high of $69,000 and 2022 low of $18,000 (at $42,240). Sustaining this position above the midpoint strengthens the bullish case and helps the prevailing sentiment that the upward trajectory will likely persist. Over in “real” gold; the commodity has faced a significant retreat from its all-time highs, witnessing a drop of over $100. Despite some technical indicators signaling oversold conditions, gold's struggle to stage a convincing rebound due to the renewed strength of the US dollar. A break below the $2010 level could intensify bearish pressure, exposing $2,000, $1,995 and $1,985.
BLACKBULL:XAUUSD
by BlackBull_Markets
❤️ USDJPY - More Fall ? Let's See ! (READ THE CAPTION)By checking the USDJPY chart, we can see that the price after the attractive fall to 147.150 was able to make upward movements again to fill a part of the liquidity void caused by this fall by collecting liquidity! If the price can stabilize below 150.110, we will probably see a further drop in the price! The most important signal for the price to fall further is breaking the level of 147.180 and stabilizing below this range! Please share your opinion about the possible trend of this chart with me and support us with your likes and comments. Best Regards , Arman Shaban
Short
by ArmanShabanTrading
5
Xau/UsdHello traders! Yesterday, the couple made a buy move because the US inflation came out less than it was thought to come out. The pivot (1975.00). If the price manages to break the level (1975.00), then we will have a buy movement at the levels (1988.00); (1995.00) ; (2002.00). My opinion is that the pair will keep the bullish movement. Wait to enter the trade! Be careful! Don`t forget to look at the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻
FX:XAUUSDLong
by THP-Forex-Academy
A Traders’ Weekly Playbook – Buy what’s strong sell what’s weak After a more subdued week on the event risk front, the week ahead refocuses traders’ attention on global growth dynamics, with China, Europe, and the US in the spotlight. The US CPI print is the marquee data point, but it will take a big upside surprise (vs consensus expectations) to bring the December or January FOMC meeting to a ‘live’ status, and interest rates traders will likely be trading expectations for 2H24 rate cuts over near-term. The USD has found a modest bid of late and tests the 106-handle, with EURUSD gravitating towards 1.0600 and USDJPY into 151.50. While we have seen some pockets of movement in FX, realised volatility (1-week) is super low, and we see nearly all pairs at or below the 10th percentile of the 12-month range. The RSIs are all around the 50 level, which speaks to a lack of trending conditions and our trading conditions. A cheeky MoF JPY-intervention would shake things up, but buying JPY solely for this idea is for the special situation trader. US real rates are pushing higher once again and worth putting on the radar and with the geopolitical risk premium being priced out of gold, we could easily see gold re-establish its typically high correlation with bond market dynamics. A simple look at the higher timeframes shows the sellers firmly in control here, with price testing the 38.2 fibo of the October-November rally – a break of 1933 should see 1910/00 come into play. Platinum and palladium can be put on the radar too, as neither can find a friend in this market and while grossly oversold, should find sellers into strength. Our equity index flow is still quite lively, and clearly, the NAS100 is where the fast money is right now, and traders are buying what’s working and is hot and selling what’s not working – momentum is therefore the strategy du jour. This is true of the crypto space too. Long NAS100/short US2000 is another expression if one is to play a lower beta strategy or long NAS100/short China another, but with China’s growth and credit data in play this week that trade has risk, as Chinese authorities will not want equity bourses to break YTD lows. We also see Alibaba and Tencent reporting quarterly numbers this week, so the HK50 could get lively this week. Friday's outlook downgrade by Moody’s has certainly caught a bit of attention. No one in the market is too shocked by this and the rationale for the outlook change to negative is for reasons that have been well discussed. Still, this is the fourth ratings action this year by a ratings agency and the odds are we can expect the rating to be cut at some stage, marking the point where the US has lost its AAA status by all 3 agencies. It is not a market-moving story and semantics are at play. One can expect the Republicans to leverage this in the elections next year and while immigration (border security), abortion/women’s rights, and the economy are key voting determinants, the government’s fiscal position is certainly a factor that is starting to become a mainstream factor too. The marquee event risks of the week • US govt shutdown – the deadline for Congress to avoid a govt shutdown is the 17 Nov. This will likely get front-page news as it further speaks to a dysfunctional Congress but shouldn’t be a major catalyst for cross-market volatility. It does look like the wheels are in motion for a short-term solution, with Speaker Johnson presented a temporary and staggered funding plan that would see some govt agencies funded through January, and others to February. • China credit data (no set date this week – anytime) – China’s new yuan loans & M2 money supply could influence sentiment, with the consensus expecting a sizeable fall in new loans in October at RMB655b (from RMB2310b in Sept). Below consensus loan data could see sellers in Chinese/HK equity markets, with the CHINAH index looking to revisit the October lows around 5800. • UK jobless claims and wages report (14 Nov 08:00 AEDT) – UK wages are expected to fall a tick to 7.7%. Any number on wages below 7.7% would see the GBP spike lower. • EU Q3 GDP (14 Nov 21:00 AEDT) – after a number of weak data reports from the Eurozone of late, we get EU Q3 GDP which is expected to come in at -0.1% QoQ and +0.1% yoy. EURGBP is worth putting on the radar, with price threatening to start bull trending and a move through 0.8760 would see momentum tick up and raise the probability of a stronger move to 0.8900. • Aus Q3 Wage Price Index (15 Nov 11:30 AEDT) – The economists’ consensus is for wages to increase 1.3% QoQ / 3.9% yoy (from 3.6%). With a 6% chance of a hike in the December RBA meeting and a 32% probability priced for the February RBA meeting, a 4-handle on wages would see hike expectations rise once more. • China monthly data releases (15 Nov 13:00 AEDT) – China Industrial production, retail sales, and fixed asset investment are due with the market expecting some improvement across the range of growth data points, notably in retail sales which are eyed at +7% yoy (from 5.5% in Sept) • US CPI (15 Nov 00:30 AEDT) – the key event risk of the week – the market expects headline inflation at 0.1% mom / 3.3% yoy, and core CPI at 0.3% mom / 4.1% yoy. Using core CPI month-on-month as a guide, a print below 0.2% mom would likely see USD sellers and fuel further gains in the NAS100. A rise above 0.35% mom would see USD buyers and possibly weigh on gold and equities. • UK CPI (15 Nov 18:00 AEDT) – the consensus is for headline CPI to come in at 4.7% yoy (from 6.7%) / core CPI 5.8% (from 6.1%). Providing we don't see a strong upside surprise, the further moderation in inflation justifies the rates pricing, with no hikes priced in Q224, and the door open for cuts from June 24. Comments from BoE member Haskel after the UK CPI print could be interesting for GBP traders. • US retail sales (16 Nov 00:30 AEDT) – the consensus is for a decline of 0.3% mom, driven by weaker new vehicle and gasoline sales. Importantly, the ‘control group’ element – the group of goods that feeds more directly into the GDP calculation - is expected to rise 0.2%. The outcome of this data point could see growth nowcast models being revised higher or lower, with Q4 GDP estimates currently running around 2%. • Aussie jobs report (16 Nov 11:30 AEDT) – The consensus is for 25K jobs created and the U/E rate at 3.7% (unchanged). Coming after the Q3 WPI the outcome of the jobs report could further impact expectations for a hike in February or March, and by extension cause a short-term move in the AUD. Corporate earnings of note • US corp earnings – US retailers report this week and could offer guidance and insights into margins and the US consumer – Home Depot (14 Nov – after-market), Target (15 Nov - after-market) and Walmart (16 Nov - 23:00 AEDT) get the focus. • HK Corp earnings – Tencent (15 Nov) and Alibaba (16 Nov) report quarterly earnings. • ASX200 – ANZ FY23 earnings (13 Nov) Central bank speakers • RBA – Kohler speaks (13 Nov 10:30 AEDT) • Fed – There are 22 scheduled Fed speakers this week. Those speaking after the US CPI print would be more insightful. • ECB - There are 17 different scheduled ECB speakers this week – see the schedule below • BoE – we hear from BoE members Breeden, Mann, Dhingra, Huw Pill, Haskel, Ramsden and Greene
PEPPERSTONE:NAS100Long
by Pepperstone
💎 EUR/USD : The Price Will Fall ? (READ THE CAPTION)By checking this chart in the 4-hour time frame, we can see that the price is in an important supply range and the possibility of further correction beyond this range is high! The two important price ranges for the SELL position are 1.065 to 1.063 and 1.06970 to 1.07370 respectively! The appealing range for the BUY position is from 1.045 to 1.049 ! This analysis will be updated! Best Regards , Arman Shaban
Short
by ArmanShabanTrading
31
Observations on Market Trends and Financial ChangesUnraveling the Revolution: In the fast-paced world of financial markets and investments, the images attached to each company stock, bitcoin, and gold paint a compelling picture of soaring portfolio increases, ranging from 20% to a staggering 250% profit since January 2023, up to this point in August 2023. Amidst these fluctuations, recent developments, such as the GBP's interest rate hike, have prompted intriguing market reactions. Yesterday, as the GBP's interest rate rose by 25 basis points, the initial response was a momentary decline in its value against other currencies. However, to our surprise, a strong momentum swiftly pushed the pound upwards. Similar patterns were observed with the Euro, Bitcoin, and gold, all gaining ground against the US dollar. This display of strength signifies a shift in financial dynamics, with blockchain technologies, cryptocurrencies, AI, and the changing human behavior and understanding collectively working to challenge the once dominant US dollar, which had replaced the gold standard. As we navigate the current landscape, high-raising inflation has exposed vulnerabilities in our financial and psychological systems. We often place blame on external factors for the high cost of living, but it is crucial to recognize that our very own system is undergoing significant changes. Amidst these revolutionary shifts, market trends have led to doubled prices for tech companies, gold, oil, and even currency pairs like GBPUSD showing short-term potential at 1.4 and 1.6. Remarkably, Bitcoin's value is projected to soar to a high of 40k, and perhaps even reach an astonishing 80k, with a visionary projection of 345k. Let it be noted that these observations serve as insights rather than financial advice for trading. For informed decisions, seeking guidance from financial experts and market analysts is advisable. These transformative times call for careful navigation, where knowledge and understanding play key roles in making strategic choices. In conclusion, the financial world is witnessing a revolution, with unprecedented changes reshaping market trends and dynamics. As we move forward, adaptability and informed decisions will be vital for those seeking to ride the waves of this transformative era. Disclaimer: The information provided is for informational purposes only and should not be considered as financial advice. Always consult with a qualified professional for personalized guidance and market predictions.
PEPPERSTONE:XAUUSDLong
by lukiman
1
BTC Long-Term Outlook/Analysis + Life GoalsI've charted this since last year, maybe since May, idk. It shows two possible directions depending on what structure breaks. Well, it broke Market Structure towards the upside, and has been following the price path that I laid out almost to a T/tee/tea(whatever). So yeah. It just might follow it, or it might not and just straight up dumps on the higher timeframe, but that's unlikely? Like, what could cause a worldwide massive sell off that would plummet the BTC price? Well, of course, if the people and organizations that hold the massive BTC wallets would just randomly sell off their holdings. That would crash BTC. But why would they do that? So, in the end, my point is, if you think about it... The dollar and current worldwide economy is crashing... so where do they turn to? Bitcoin. Not gold, not USD, but Bitcoin. I think gold is also a "stablecoin", something you can rely on to hold value. I think, going forward, I would like to keep accumulating bitcoin and gold, when I have the money to accumulate. My goal in my financial life would be, to keep accumulating cash daily(through business, work, and trading), and keep DCA'ing into Bitcoin and Gold regardless of the market.
by HaribonALT
Will BITCOIN have its Gold moment after the ETF gets approved?Bitcoin has been on center stage with last week's rise after BlackRock, the world's largest money manager filed an application to run the first publicly traded spot bitcoin ETF in the US. The Securities and Exchange Commission has been on a repeated decade long rejection of an ETF based on trading in the underlying bitcoin asset. If however this time the industry efforts succeed, Bitcoin can see an unprecedented rally, the likes of which we haven't seen, as large institutional capital should theoretically have no hesitation and less uncertainty to enter the market. But wait? Haven't we seen that before? Yes, for those old enough to ring a bell, it was back on March 28th 2003 when Gold Bullion Securities was launched, the first Gold EFT listed on the Australian Securities Exchange. As you can see on Gold's chart on the right, the market was at a bottom on the 1W MA50 and after the ETF was launched, it started an astonishing rally that didn't look back before completing a +500% rise. With Bitcoin being a much smaller market and with its digital nature giving it enormous rise since its inception in 2009, if its ETF gets approved, it won't be impossible to see 10 times Gold's rise i.e. +5000% within the same 8 year period. We have embodied the Halvings just to provide some cyclical perspective, but a +5000% rise from the current levels can send Bitcoin in 8 years to the 'unimaginable' 1 million USD mark. Unrealistic or not, it is up to each person to decide and invest for themselves. Will Bitcoin get its Gold moment? ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
13
✏️ $BTC : Wow , 30K ! What's the NEXT Trend ?Well, as I said in the previous analysis, our first Fall target, which was the range of $23,900 to $25,300, was a very important demand range, and we waited to see the price reaction to it so that we could talk about the next trend, now, As you can see, after reaching this level, the price was accompanied by demand pressure and was able to grow up to $30,800. Now the price is in the range of a Bearish Order Block, but the possibility of a stop hunt to collect liquidity above $31,100 is high! Take care of your positions in this important zone ! Don't Forghet To Push The Boost (Like) Button and Follow Me for more ! Best Regards , Arman Shaban The Last Update of CRYPTOCAP:BTC : The Last Last Update of CRYPTOCAP:BTC : The Last Last Last Update of CRYPTOCAP:BTC (The Main TA) Best Regards , Arman Shaban
COINBASE:BTCUSDShort
by ArmanShabanTrading
46
It's about POWER, not regulation, $BTC still in pattern!!!Haven't seen 1 account speak on what we've said for about 2 years now, in reference to gov & #CBDC and them not liking competition NOT 1 Many #CEXs have asked for guidance & what have they received? NOTHING! This is NOT about #crypto protection! This is about CONTROL! #DEX #BTC #GOLD #SILVER ANYWAY CRYPTOCAP:BTC still looks good. Pattern we highlighted some time ago is STILL in PLACE. Picked some #BTC up after hours last night. Check the BUYS on 4Hr chart. Shorts were not heavy so this is outright BUYING! #Bitcoin still looks good imo! #crypto
CME:BTC1!
by ROYAL_OAK_INC