Ditch These ALTCOINS that are UNDER PERFORMING💀Some altcoins have stayed behind during the most recent BTC surge. These include :
👎 DOT
👎 XRP
👎 ADA
👎 UNI
👎 HBAR
👎 CRV
👎 ALGO
Overlay any of these with the BTC chart, and you get something similar to this.
Now compare it to the PREVIOUS BTC all time high.
I'm not saying these coins are done for, or that they do not have a future. But my focus is on coins that can be tradable and profitable in fairly short periods of time. Holding on to an alt that doesn't move for months (only to increase 15%) is a bad strategy.
It would have been more profitable to take the loss and trade another coin with 50%+ increase, such as ETH, SOL, DOGE, NEAR etc. to name a few examples.
Ditch them and focus instead on coins with more volatility - You can't be holding through an entire new BTC high and the alt has barely broken out of accumulation - this simply won't do, because there are many other trading opportunities where you can make bigger gains and better profits just because they actually move.
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BINANCE:BTCUSDT BINANCE:XRPUSDT BINANCE:ADAUSDT BINANCE:DOTUSDT BINANCE:CRVUSDT
Economic Cycles
Plenty of liquidity in the market + more liquidity to come?We still have distortions from the monetary liquidity introduced during the pandemic.
The bottom indicator is the 12-month rate of change. We can see an extreme expansion in M2 and subsequent contraction.
On the other hand, we can see that the M2 line still shows a big stock of liquidity compared to the standard deviations. Each standard deviation on the chart represents 2 trillion dollars. This shows that liquidity is abundant in the market, as the M2 is currently 2 to 3 standard deviations from its 10-year average.
In other words, the M2 standard deviations show around $5 trillion in excess liquidity compared to the 10-year average, indicating that the money supply remains significantly elevated despite the recent contraction in the 12-month rate of change.
This excess liquidity in the system may continue to impact asset prices and inflation and fuel a bull market.
Finally, considering the fragility created by high interest rates in the banking industry, the FED might be forced to ease monetary policy and lower interest rates further to stabilize the financial system.
This is another reason to be bullish or... in case the FED doesn't ease the monetary policy, to be bearish!
BNB/USD The entire primary trend.Logarithm. Time frame 1 month. Idea for understanding the main trend, secondary trends. Zones of accumulation and distribution of this asset of the most liquid and popular exchange (this is the main thing, the direction of thinking of the masses on a scale). Setting trends in the crypto market.
This is how the trend of this crypto coin with its own blockchain of the Binance exchange looks like on a line chart.
Potential news background in the future under the chart for price direction.
1️⃣Manipulation with the price of which (influence on the exchange and the turnover of billions) can very significantly affect the market as a whole, especially when the SEC announces that this cryptocurrency of this exchange is "outlawed" and is a "security" (the scenario of "probing the reaction" has already been launched in March 2023 for local corrections) or similar nonsense.
2️⃣Also remember the competition between the two superpowers, China and the United States, they will alternately supply each other with spokes in the wheels, as well as local news springboards for themselves (the race to monopolize and control cryptocurrencies, taxing, and so on).
Percentage decline from price peak. Liquidity. The game is good/bad.
Notice the % reduction. It has been preserved (liquidity, trust, suggestion) unlike other exchange tokens due to the good/bad play between the Binance (BNB) and FTX (FTT) exchanges. The sinking of the latter, and the redirection of financial crypto flows to the Binance (BNB) exchange from other exchanges (direct marketing about the reliability and unreliability of others, the disclosure (that's right) of some exchange wallets with large balances (the largest in the cryptocurrency market).
Decentralization or centralization? State. Supervision. The right to create money out of nothing.
It's all pre-planned game, it's not an accident. Think about how the state and the digitalization process in general are connected with this. After all, such billions of dollars of financial flows to liquid exchanges, as well as the control of USDT / USDC (and other small stablecoins) cannot be outside state supervision. Who thinks otherwise I feel sorry for you in the future. Think about what would happen if the "state" gave the right to create money out of nothing to someone else. Is it possible? I think no. Is it a mimicry of new experimental trends to improve the financial system. And it is right.
📊Technical analysis. Secondary trend. Zones of accumulation and distribution.
Look first at the monthly time frame (publication), then below the local area chart (weekly time frame, less makes no sense).
Please note that the price is now at the lower zone of the ascending channel, there is a small "drop-out" from the channel on the monthly time frame (this is important). A flat with a % step between levels 218 - 327 has been going on for 14 months (426 days!). Now the price is near the lower zone of this flat trend (1311% of the average price of the previous set, not a minimum). What do you think, gentlemen, is this accumulation or distribution?).
📊Technical analysis. Local reversal zone . Candles. Time frame 1 week.
📊Technical analysis. Local reversal zone . Linear (to show the trend). Time frame 1 week.
👁 Coronavirus. Super dump 03 2020
I would like to turn your attention to the time of the March 2020 corona dump. Here, the logic is very clearly visible on the chart of this exchange coin (direction of financial flows, creation of liquidity, development of the exchange, attraction of new users). Long-term accumulation and super removal in the moment. Removal of all stop-loss under the accumulation zone at the moment by a huge percentage. Continuation of the set after that (I remember at that moment everyone was waiting for a further decline in the market, psychology).
This is how this super dump looks on a line chart and is irrelevant from the position of the general trend. No matter how scary it was for some market participants at the moment.
Always remember this and be prepared, whether you believe it will happen or not.
📊BNB/BTC. Technical analysis. Reversal zone . Candles. Time frame 1 month.
BNB/BTC Main trend in full. Channel. Reversal zone.
📊BNB/BTC. Technical analysis. Reversal zone . Linear (to show the trend). Time frame 1 month.
EXPECTED BUYING IMPORTANT LEVELS FOR THE YEARHey Folks!
All the important levels are marked along with the description.
I have introduced My new concept of "Time Probability" in this chart which is marked with "YELLOW CIRCLE". In simple words expecting a reversal or a breakout when the stock is in the "YELLOW CIRCEL" .
These levels are marked for expected Uptrend.
Strategy is simple.
Entry point is the buying area .
Stoploss is the yellow line.
Targets are the upper green lines.
Club these levels with your analysis to have an edge.
Tracking the inversion of the yield curve US02Y - US10YThe inversion of the yield curve often serves as a reliable indicator, suggesting an impending increase in the likelihood of both recession and market downturns in the foreseeable future
To track this inversion effectively, you can subtracting the interest rates of the 2-year US government bonds from those of the 10-year bonds TVC:US02Y - TVC:US10Y
When this calculation yields a result above 0 percent, it indicates an inversion in the 2-year versus 10-year interest rates
In 2022, when the current inversion of the yield curve began, the “experts” were constantly warning us of an immediate recession and market crash
However, historical data reveals that significant market corrections typically materialize many months, if not years, following the yield curve inversion
The upper chart depicting US02Y-US10Y, the black 0 line serves as a reference point. Meanwhile, the lower chart illustrates the drawdown of the S&P 500 SP:SPX in the last 35 years
The picture shows that each time there was a drawdown of at least 15% after the end of the inversion of the yield curve
The dashed blue lines represent the end of the inversion, indicating that a larger drawdown is more likely after the end of the yield curve inversion and not during the inversion
I'll be diligently monitoring the current inversion once again. A breach below 0% would warrant a considerably more cautious approach to the markets
Admittedly, such correlations aren't infallible, and their fruition can sometimes span several years
Nevertheless, they hold merit from a cyclical perspective
Should the inversion of the yield curve cease to be inverted around 2025, a recession and market correction following the 18.6-year real estate cycle would become increasingly likely
This would also align with the anticipated correction in the crypto market, typically occurring within a 4-year cycle
GME, Potential Bull MarketGME is getting a double bottom on the higher timeframes,
Similarly to the previous bull run that lead to a 4,500%+ run.
I have the measure move slightly below the last ATH.
with a Gold Pocket around $78-$81
Things to consider
With the recent pump of 78% since it's recent local bottom,
it may or may not be a good idea to enter,
It's at a really strong resistance,
Volume is lower that previous candles these sizes.
It may pull back 15%-40% before continuing, if continuing.
Thank you.
Bitcoin trend for Cycle-Top prediction.I noticed a trend that kept repeating in every cycle with high accuracy.
There seems to be a support trend-line during bull markets, and if we extend this line to the next cycle, it always predicts where Bitcoin will top (By the end of the cycle).
Assuming this cycle ends in November 2025, Bitcoin peak between $250,000 and $270.000.
I also acknowledge that the Bitcoin ETFs might affect this trend and Bitcoin could top at a much higher price level.
HBAR/USDT The main trend (the whole trading history). Pivot zoneLogarithm. The time frame is 1 week. An idea for understanding the underlying trend and cycles.
The coin is the 30th most capitalized coin according to coinmarketcap as of September 9 (9 11), 2023.
The large time interval and long history of the chart shows not only the cyclicality of the past, but also the more likely future. This idea makes it clear how important for the market (not only for this cryptocurrency) this time zone is, which will determine the further development of the long-term trend.
Many for some reason consider a separate altcoin separately from the whole market and are sure that its trend should be different from the general direction of the market (stock, bitcoin), this is an extremely wrong approach.
It is worth noting that quite a few large wallets of this cryptocurrency have been created over the past few months. Whether people accumulating this asset will be right or wrong, only time will tell. Everything will be decided in the coming months.
Line chart.
BTC Potential Continuation Looking at BTC 12H chart here. As you can see on the way up, so far, we had one pullback into the 200MAs (purple and red). Price reacted well there and bounced and continued.
We are seeing the same behavior so far here. Keep eyes on the 12H chart. If we can stay above the 200ma and 200sma, and close inside the white 100ma, we should see price continue to upside. BULL MODE ON!
If we reject, and so not close 12H inside teh white 100ma, we are likely to see hard reversal back into the 200s. If they break, I think we see price back in between 48k and 53k.
(This scenario, ALTS get hit harder, and this accumulation phase continues for longer)
***NEW 9WEEK AND NEW 3DAY CANDLES MONDAY, WILL WATCH FOR REACTIONS
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NOT FINANCIAL ADVICE, JUST MY 2CENTS!!
Many Ways to Skin a Cat: Tailoring Risk Management The trading world is a diverse ecosystem, teeming with individuals seeking their own slice of the financial pie. Just like there's "more than one way to skin a cat," there are numerous trading styles, each with its unique approach to risk management. Let's delve into three common styles and how they navigate the inherent risks of the market:
1. The Swing Trader: Patience and Measured Risk
Trading Style: Swing traders hold positions for days, weeks, or even months, capitalizing on broader market trends. They analyze charts to identify potential turning points and aim to capture mid-term price movements.
Risk Management: Swing traders generally have a moderate risk tolerance. They typically:
Employ position sizing strategies, allocating a specific percentage of their capital to each trade.
Utilize stop-loss orders to automatically exit positions if the price falls below a predetermined threshold, limiting potential losses.
Focus on risk-reward ratios, ensuring the potential profit outweighs the potential loss for each trade.
Pros:
Requires less active monitoring compared to day trading.
Can potentially capture larger profits from sustained trends.
Cons:
Slower potential for accumulating profits compared to shorter-term trading styles.
Requires patience and the ability to withstand temporary price fluctuations.
2. The Day Trader: In and Out, Embracing Short-Term Volatility
Trading Style: Day traders are the adrenaline junkies of the trading world, entering and exiting positions within a single trading day. They capitalize on short-term price movements and market inefficiencies.
Risk Management: Day traders often have a higher risk tolerance due to the frequent nature of their trades. They:
Emphasize strict stop-loss discipline to manage potential losses quickly.
May utilize leverage (borrowed capital) to amplify potential gains, but this significantly increases the risk of larger losses.
Focus on managing their emotional state, as rapid price movements can lead to impulsive decisions.
Pros:
Potential for quicker profits due to the high number of trades.
Greater control over individual trades and the ability to adapt to changing market conditions.
Cons:
Requires significant time commitment and constant monitoring of markets.
Highly susceptible to emotional trading due to the fast-paced nature.
Amplified risk of losses due to the potential use of leverage.
3. The Leverage Trader: Magnifying Gains (and Losses)
Trading Style: Leverage trading involves using borrowed capital to magnify potential profits. This can be done through margin accounts in traditional markets or through derivative instruments like options contracts.
Risk Management: Leverage trading demands the utmost caution and sophisticated risk management strategies. Here's why:
Losses are also magnified, meaning a small price movement against the trader's position can lead to significant capital depletion.
Margin calls can force traders to sell assets abruptly to cover losses, potentially at unfavorable prices.
Deep understanding of leverage mechanics and the ability to manage emotions are crucial.
Pros:
Potential for exponential gains with smaller initial capital.
Cons:
Extreme risk of catastrophic losses exceeding initial investment.
Not suitable for beginners or traders with weak risk management skills.
Requires a high level of financial discipline and emotional control.
Remember: Regardless of your chosen trading style, effective risk management is the cornerstone of long-term success. Always prioritize capital preservation, understand your risk tolerance, and never gamble with more than you can afford to lose.
ETHUSD MAY HAVE COMPLETED ITS CORRECTIONS AND READY FOR RALLY!Ethereum has been in corrective wave since March and with the formation of daily double bottom in a bullish wedge, the cryptocurrency may have completed its corrections and ready for upside rally above the upper channel of its wedge.
N.B!
- ETHUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#ethusd
#crypto
#btcusd
Follow us for more insights on brilliant market setup!
DIS Testing Fundamental SupportWhen Americans feel depressed or unhappy about life, they tend to spend more money on fun things--something to consider during a presidential election year.
For now, NYSE:DIS is looking fine for its earnings report next week. It was over-speculated, so adjusting back down closer to fundamental support is normal. The gap up in February was on way better than expected earnings, so that level should hold up well.
However, HFTs and MEME groups have been going gaga over earnings and other news. If HFTs or MEMEs drive it down, it will move right back up due to Dark Pool activity first, and then pro trader activity.
Brent stopped out and Drawdown increasingIn this live trading session video,we look at the BRTUSD trade that got recently stopped out for a small loss on the 100k traders challenge account. We also look closely at the drawdown and why this is happening according to the strategy characteristics on both 50% OE and 20% OE strategy. Finally, we explore on what we should do about this by looking at 3 different options. The concepts and ideas in this video can be cross transferred onto any strategy.
Stablecoin Dominance Tipping PointI see two possible scenarios playing out:
The Bullish Scenario
The dominance goes lower and respects the current downtrend. This could either bounce off roughly 6% (this area has seen some interesting patterns in the chart) or just continue collapsing down. This would be bullish depending on if we don't have much trouble clearing the 5.8-6% range.
The Bearish Scenario
We break the current downtrend by going up to 7.5% or above in the next 2-3 weeks, at which point I think that worst case we would test somewhere around 8.15%. This would be short to slightly medium-term bearish at the worst in my opinion.
I lean towards the bull case simply because markets are usually boring or choppy the month or so after the Bitcoin halving event; things usually ramp up after. We've dumped over 20% in BTC and altcoins got flushed aggressively while not establishing lower local lows at the same time as BTC did recently.
Despite being bullish, it's definitely at a tipping point where if it goes up by a bit more then it's a cause for concern. This is a good chart to watch closely for the next 1-3 weeks as evidence of more incoming corrections for a few more weeks or as evidence of the bullish trend resuming.
How Will Gold React To Non-Farm Payroll Reports Today?Gold now in a bullish wedge correction, will gold's price rise towards resistance 1 (R1) and then pullback or to R2 at NFP reports later today.
Alternatively, the price of the metal could dip towards the lower channel of the bullish wedge immediately after the NFP news.
N.B!
- XAUUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#gold
#xauusd
Repeating Candle Formation Indicates Possible Start of Bull Run This unique candle formation on the weekly TF appears to have occurred the previous 2 bull runs and this formation has just occurred again. Previous pattern overlay looks very promising for a run up to $100k based on the overlay of the previous bullrun.
Long Term Gold SilverThere's the out look long term - day/week charts are main High Timeframes from now on in clearly...
Only options are, it goes higher from 50% pulls back finishes 75% - doubt it.
Consolidates from 50%, plays between 75% and 25% - Likely.
or we drop to open (near 25%) consolidate then rally to 75% to finish the year. - Likely.