Crypto Coins Heatmap: The Ultimate Guide for Beginners (2024)Discover the easiest way to track, group and sort your favorite tokens in one place — the TradingView Crypto Coins Heatmap.
Everyone — from the aspiring crypto enthusiast to the professional digital asset fund manager — needs it. Meet the ultimate cryptocurrency tracking and monitoring tool, the TradingView Crypto Coins Heatmap.
What Is Crypto Coins Heatmap?
Slick-looking, feature-rich, and aesthetically pleasing, the Crypto Coins Heatmap is a visual tool developed by TradingView. It displays the performance of crypto coins plastered over a single interface that allows users to keep tabs on price movements through color coding and percentage performance.
Key Features
Let’s start off with the basic features of the Crypto Coins Heatmap.
1. Color-Coded Performance Indicators
Green indicates positive performance (coin go up — good.)
Red indicates negative performance (bad coin — goes down.)
Grey indicates slim to no price movement, typical for stablecoins.
2. Real-Time Price Data
The heatmap is updated in real-time and shows the most current information so crypto geeks could know the price of everything all the time.
3. Market-Cap-to-Size Ratio
The size of each crypto coin corresponds to its market capitalization, i.e. the more room it takes on the screen, the bigger the market value. Bitcoin ( BTCUSD ), the original cryptocurrency , takes up over half the entire screen because its dominance is over 50% of the total market’s worth.
Key Functionalities
What can you actually do with that data and can you customize it? Yes — let’s find out how.
1. Select Source
At the top left, select “Crypto coins” and choose your preferred grouping.
Crypto coins
Crypto coins (Excluding Bitcoin)
Crypto coins (Excluding Stablecoins)
Coins DeFi
2. Size By
Next up, hit the “Market cap” menu to arrange the digital assets by various sizes and parameters. Also, for a more detailed look, make sure to check the dedicated crypto market cap corner on the TradingView website.
Market cap
FD market cap
Volume in USD 24h
Total value locked
Volume 24h / Market cap
Market cap / TVL (total value locked)
3. Color By
The third option from the top bar menu — “Performance” — shows you the tokens’ percentage return on various time frames.
Performance from 1-hour to 1-year time frame.
24-hour volume change, measured in %.
Daily volatility, measured in %.
Gap, measured in % (previous day’s closing price to today’s opening price).
4. Toggle Mono Size
The grid icon allows you to display all tokens in the same size.
5. Filter
The filter icon is where it gets really precise — fine-tune your results by various size and performance metrics.
6. Settings
The gear icon displays the layout settings and allows you to add or remove certain visual elements.
Add or remove Title (by Description or Symbol).
Add or remove Logo.
Add or remove First value, measured in %.
Add or remove Second value, measured in price or market cap.
Color scheme: Classic, Color blind, Monochrome.
7. Share Icon
Tell your crypto friends or cool uncle about this nifty interface by clicking on the Share icon to:
Save image
Copy link
Share on Facebook
Share on Twitter (X)
8. Heat Multiplier
The x1 (by default) icon is the Heat Multiplier, which narrows down your search based on the percentage return on a given time frame. Play around with it to find out the biggest losers and winners in the crypto world.
Why You Need the TradingView Crypto Coins Heatmap
Interactive Charting
Click on any token on the screen to bring up a detailed chart with all the key data you could want. Here’s an example of Ethereum’s ( ETHUSD ) interactive chart:
Quickly grasp market conditions, sentiment, and trends with the intuitive interface.
Comprehensive Market Overview
Make precise comparisons between different cryptocurrencies to see how price performances stack up against each other.
Final Considerations
The TradingView Crypto Coins Heatmap is your gateway to current price data spanning all over cryptoland. Be sure to check it whenever you need a glimpse into the digital asset market and its volatile prices.
And finally, maximize the heatmap’s potential by transferring the insights into your trading plan .
Let us know if you use the Crypto Coins Heatmap — leave your comments below!
Community ideas
Injective Weekly AnalysisInjective (INJ) has been the biggest gainer of the week with a robust increase of 20.43%. After reaching an all-time high (ATH) of $53.01, INJ experienced a significant sell-off, filling the Fair Value Gap (FVG) on the daily timeframe and touching a low of $18.70 before quickly bouncing back. Currently, INJ is trading within a range of $21.54 to $29, facing multiple rejections around the $29 mark. Despite these rejections, INJ is showing a slight bullish trend, forming higher highs and lower lows. If INJ manages to break out of this range, it could potentially surge to the next resistance level at $34.
On both daily and weekly timeframes, moving averages strongly indicate a bullish signal, while oscillators remain neutral. Fundamentally, INJ is a strong asset to include in a portfolio. It is advisable to consider buying INJ during price dips to take advantage of potential discounts.
Past Indications of uptrend health in the SPXEven when all empires fall, It's important to remember that as long as humanity in general continues to discover, explore, solve and invent, the better off we all are. That's why the price of indices always tend to go up. Even when they become stagnant, they eventually keep on increasing. The only thing that can revert this is a total collapse of society, which is unlikely in the present moment.
Nevertheless, it's also important to observe the health of a trend. When price increases violently, then a correction is likely to occur. These corrections can be severe or simple technical resets. Technical resets are good for everyone as it allows new buyers to enter the market as well as provide good buying opportunities. However, circumstances can lead the price to not have reset but instead have a correction or a crash. The difference between the two is that a correction is slow to reach the bottom, while a crash is a sudden move downward.
As one can see here leading up to the 2000 dot com crisis the uptrend was quite healthy, and it did a slight reset before going into euphoria, where price goes into the 3rd standard deviation range while pushing price higher and higher, before price lost momentum and eventually had a correction as the uptrend was way too aggressive. Meanwhile, leading up to 2008 crash there is a very aggressive uptrend, completely breaking into higher level deviations without going through the stages of a healthy uptrend. Causing the price to crash once the market realized that the system was still heavily corrupted by greed.
However, since things throughout time do improve, this allowed for another aggressive uptrend to form which instead of running into a crash it went into a technical reset which latter became the longest bull market in USA history.
Top 3 Tips on How to Avoid FOMO Trading (Fear of Missing Out)Here you are, casually sipping your coffee and watching the clock go by while you wait for the market to open so you can buy a few shares of your new stock pick. Remember, you chose that one after deep research and careful planning.
And then “ WHAM! ” Twitter notifications start flying. GameStop (ticker: GME ) is once again rocketing to the moon after some livestream on YouTube unleashes a huge buying spree. “MUST. GET. IN.” — you, probably, after you get your emotions shaken and stirred by something called FOMO.
🔔 What’s FOMO?
FOMO is an abbreviation for Fear Of Missing Out. This little four-word phrase can throw your investment rationale, thesis and analysis out the window so it could settle in your prefrontal cortex where your brain goes to make life decisions.
In this blog, we’ll talk about that little gremlin FOMO and what steps you can take to prevent it from overriding your emotions and decisions. And for the sake of your time, we’ll keep it short. Let’s go.
💡 Tip 1: Plan Your Trade
Plan your trade in advance and don’t sink into the moment. Knowing your entry, take profit and stop loss before you move into your position will eliminate the urge to rush in when things get hot.
🔴 Problem: News Releases, Earnings Reports
We all know how intense markets can get when there are news reports coming out. Company data such as earnings reports or some of America's top economic events , such as the widely anticipated nonfarm payrolls , or the Federal Reserve’s market-moving interest rate decisions can spur volatility and cause trading instruments to seesaw and fluctuate in both directions. And because these events are well-known in advance — the Fed only meets eight times a year — these moments can be an attractive invitation to make a profit.
🟢 Solution:
Plan your trade and understand that news reports and earnings releases are a double-edge sword and even if the data supports a certain narrative, i.e. lower inflation = higher gold prices, this isn’t always the case. Take a step back, regulate your breathing and keep your emotions in check. Wait it out until the noise tones down.
💡 Tip 2: Avoid Revenge Trading
Revenge trading is the trading you do when you want to get back at the market after getting smacked in the face with a loss. Next time you stare at a losing position, notice if you feel the urge to jump right back in and make up what you lost. That's revenge trading.
🔴 Problem: Losses and Missed Opportunities
Taking a beating from Mr. Market can be a painful experience. Yet, not taking the loss the right way can lead to even more pain and wiped out funds. Whenever you’re staring at a losing position, you might be tempted to sell out and jump right back in an effort to make back what you lost.
🟢 Solution:
Avoid revenge trading. Recognize that pesky feeling, which — whenever you lose money on a trade — makes you want to pare back your losses with one quick trade. That quick trade could be a) more aggressive (for more potential profit), and b) cost you even more money because you’ve been impatient.
💡 Tip 3: Don’t Chase the Pump
Any pump usually has a strong pull, because it makes gains look easy. All you need to do is catch the speed train (or get onboard the rocket ship) and, boom, you're in profit. Although, it's not as easy as it looks.
🔴 Problem: Pump and Dump Schemes
Quite often we see some little-known stock or a cryptocurrency with a small market capitalization perform some outstanding moves. It may shoot higher by 100% or more and that may trigger some FOMO in you, causing you to panic-buy and then watch your investment evaporate like snow in water.
🟢 Solution:
Don’t chase the pump. It’s simple. A pump can play with your decision-making capabilities and cause you to make irrational choices out of the desire to join the volatility train. But many of those pumps end up as dumps. Pump and dump schemes are real — the gains go as quickly as they came and you don’t want any of that.
Final Considerations
Forming a deep emotional connection with the market isn’t a bad thing. This place is your passion and you’ve chosen to participate in it, together with its ups and down. What you should pay attention to is how you react to its changing moods and whether you behave logically or illogically to get what you want.
Acting illogically can lead you to trip up so you want to distinguish that. Use your emotions to get rational inspiration and excitement about what you want to accomplish.
📣 Your Turn!
Have you ever tripped up over a FOMO trade that hurt your account? What was your trigger and subsequent result? Let us know in the comment section below!
Bitcoin 1.2B of Oi is trapped. How WHALES WOULD TRADE IT?Bitcoin 1.2B of Oi is trapped. How WHALES WOULD TRADE IT?
iN A VIDEO I SHARED MY IDEA ABOUT btc and how i plan to trade it
Price at this moment is in middle of local range - i prefer to take a trade after Clear SL hunts and squeezing. Becasue those trapped trades should be liquidated
Weekly Analysis & Market Crash PredictionHere's a video going over what I'm watching heading into the week and what I expect leading up to FOMC. I'll do some more FOMC and market analysis before then as we get closer to Wednesday. Overall, I don't expect much, I think we'll have downside and chop until then. Either way, any moves made on Monday and Tuesday can be wiped out insantly on Wednesday, so I'll focus on some small day trades and averaging into longer dated puts for Monday and Tuesday most likely.
Using the Second Charts on TradingviewThis tutorial goes over the uses of the very low timeframe features that Tradingview offers, namely the 1 second through to the 30 second charts.
The main advantage to these timeframes is that they permit you to clearly see whether your support and/or resistance levels are being held or are being rejected. This allows you to make a determination much quicker than if you are using higher timeframes. This can make or break your profit and setup and is quite an advantageous tool to utilize if you have access to these timeframe periods.
In addition to visualizing support and resistance breaks/holds, the use of these smaller timeframe charts also allows you to apply methods such as the Heikin Ashi strategy much more effectively and quickly. If you are a scalper, it does add an insurmountable amount of value to your analysis.
Thanks for watching and leave your questions and comments below!
Safe trades everyone!
Bearish Reversal Insight AUDCAD Technical Analysis & Trade SetupThe AUDCAD currency pair is currently forming a Bearish Butterfly Harmonic Pattern (XABCD), indicating a potential bearish reversal. Point D, the Potential Reversal Zone (PRZ), is aligned with a key resistance area and intersects a daily trend line, providing a strong confluence for a bearish bias.
Potential Reversal Zone (PRZ) and Key Resistance:
Point D is identified as a critical area where the price is likely to reverse. This zone is reinforced by a key resistance level, adding validity to the bearish outlook. The intersection with the daily trend line further strengthens the likelihood of a trend reversal from this point.
Entry Strategy:
To capitalize on the expected trend reversal, the entry should be made at the breakout of the support level near 0.90450. This level is crucial as a confirmed breakout here would signal the start of a bearish trend.
Stop Loss Placement:
A stop loss should be placed above the resistance level at 0.91400. This placement ensures protection against potential false breakouts and market volatility.
Take Profit Targets:
The take profit targets for this trade are as follows:
TP-1: 0.89500
TP-2: 0.88550
TP-3: 0.87600
These targets are strategically set at significant support levels to maximize gains while managing risk effectively.
Conclusion:
The formation of the Bearish Butterfly Harmonic Pattern, combined with the confluence of the PRZ, key resistance area, and daily trend line, presents a compelling bearish setup for AUDCAD. By entering at the support breakout, setting a prudent stop loss, and targeting key support levels, this trade offers a favorable risk-reward profile for traders.
S&P 500 faces resistance ahead of crucial data and FOMC meetingThe bullish drive has been revived in US equity indices after a few weeks of downside pressure. The S&P 500 and the Nasdaq both broke to new highs on Wednesday driven mostly by technology stocks. The ADP May employment report also helped revive some buying appetite as it came in below expectations. There isn’t a very good correlation between the ADP data and the non-farm payroll data released later today, but markets took benefit in the weaker reading as a sign of a possible cooling in the US labour market, which could allow the Federal Reserve to cut some time in the coming months.
Money markets are assigning a 97% chance of no change from the central bank when it meets next week. But the ECB’s 25 basis point cut delivered on Thursday may have started to put traders in a better mood when considering the possibility that the Fed will actually be able to cut this year. For now, a 25-basis point rate cut is fully priced in by November, but Powell and his team have continued to be quite hawkish up until now, dampening hopes. Next week’s meeting will be a big test for markets as they’ll want an update on how the central bank expects things to unfold. Before the meeting, we’ll see the CPI data for May, another important market event.
On the chart, the S&P 500 continues to show potential for upside movement, but the rise ascent is becoming more laborious. Thursday saw little movement for the index as traders took a pause ahead of the latest labour data released on Friday. There is likely to be a lot of focus on the wage component of the data, as wage inflation has been sticky in recent months, and a key reason stopping the Federal Reserve from cutting. If the data comes in softer than expected, then it is likely that we see further bullish follow-through in the S&P 500 and other major US indices. That said, the chart continues to show signs of being a bit over-extended so the extent of the move might be slightly limited. Traders will also be weary of the CPI data being released next week so they may want to hold off on being too bullish just yet. The majority of the move is likely to come after the FOMC meeting next Wednesday, especially if the bank starts to show a readiness to cut rates fairly soon.
Differences between paper trading & real money tradingMost people (including me sometimes) lack the right mindset, patience, and planning when it comes to trading. There is no magic technical indicators in trading, it all comes down to simple tools, just like my paper trading journey outlined in this BTCUSD chart.
In the chart, I observed that:
BTC was no longer trending as its price was ranging for nearly 50 days after the ATH;
BTC momentum was weakening as it broke previous two horizontal support areas;
Price came to the potential 120 EMA / trendline / downward channel support clusters.
Since most of the time, asset price is ranging rather than trending, all we need to do is plot out the Fib levels in our chart and buy at support sell at resistance. You can see my major trades outlined in the chart. I did the same for other crypto symbols ETH & SOL at the same time.
However, when it comes to real money trading, I would trade slightly differently.
The mentality in paper trading is more aggressive. Usually in real money trading, when major support areas are broken, I would not fade a trend and try to catch the falling knife even you know there is potential support. What I'll most likely do is to wait for price breaks above the descending trendline (shows the strength) and look for opportunities in a potential 1-2-3 or 2B reversal pattern.
In real money trading, I try to follow the trend most of the time (price stands above all the moving average) But in paper trading, you have to be the minority in the market to stand out from the competition, which usually means go against the market. Even though we know this looks like a fib range trading scenario, it's better to enter your fading trade after a lower high or higher low is created.
In reality, make full use of the capital all the time is not recommended, especially when you about to trade against the current trend. Always try a small position first when doing so and build up your position along the way. However, in this competition, the forex pair EURUSD and SPX500 have low volatility, we have to trade maximum allowed quantity of each symbol in the hope of increasing account profits.
Lastly, do not overtrade, which makes sense for both paper and real money trading. It's easier to do so in paper trading as people would worry much less about the profits/losses they have made.
All in all, I'm just lucky enough to get the 2nd place in this competition, always respect the market and the market is always right.
DAX rising weaklyMarkets rose on Wednesday, recovering losses from the previous session in anticipation of important data on regional activity and awaiting the ECB's latest monetary policy meeting. At the open, it was up 0.4%. It was followed by the French CAC40 and the FTSE 100 with 0.5% and 0.3% respectively, and finally the Spanish IBEX35 with around 0.4%. A rate cut of 25 basis points from record levels is expected today, heavily influenced and persuaded by signs of moderation in European inflation. The rapidly changing earnings outlook is what is driving this policy possibility. Doubts remain about what will be accepted going into the rest of the year after slightly better-than-forecast inflation data for the eurozone.
The French PMI was similar to expectations overall, but services and composite details were slightly lower, the Spanish PMI slightly better than expected, the Italian PMI disappointed with its lower than expected data, and the German data provided relief by improving expectations. The overall Eurozone as a whole showed for the month of April a larger decline being -1% versus -0.5% expected and on an annual basis, -5.7% versus -5.1% expected. Today we have European Parliament elections across Europe, so PMI and production releases in Spain, Italy, France and Germany, which were expected to be better and did not meet expectations, will most likely affect the currency. Retail sales are expected to be negative due to the slowdown in consumption across Europe, so we will just want to see what the central bank tells us this afternoon.
Regarding the German index, as we said, it has recovered its bullish mood this day. It has come out of the bearish trading zone of the last few weeks. Since Monday, the German spread has recovered 1.70%. We have to see if it will go back above the all-time highs this Friday or look to do so from next week onwards. What is clear on the chart is that the Trading Point is in the 17,000 zone, the shape being the bell of a possible triple bell with no excessive volume at its top, and the RSI at the moment is in the middle zone. For this reason it would not be unusual to see the German index pierce and pull back strongly to at least the area of 18,279 points approximately.
Ion Jauregui - ActivTrades Analyst
*******************************************************************************************
The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
The TradingView Show: Charting Markets with TradeStationHello to all global traders! We're live with David Russell, TradeStation's Global Head of Markets giving us an inside look at the most important moves in markets. He’s the expert behind the research and analysis from TradeStation’s official TradingView account.
Follow them here: www.tradingview.com
In this show, we examine the most important charts, interesting trades, and offer valuable education for all traders. What’s on David’s radar? The Fed, inflation, the upcoming Apple iPhone, the big money shifts moving from energy to tech, and other areas to watch including homebuilders and more.
We look forward to connecting with traders worldwide. Share your questions in the comments, contribute your insights, and don’t forget to subscribe for more shows on TradingView with our partners, influencers, sponsors, and global community. Thanks for watching!
This show is for educational and entertainment purposes only, not financial advice. Markets require hard work and dedication, so stay informed and keep learning.
Look first, then leap!
- TradingView
Important disclaimers for ETFs: www.tradestation.com
Important disclaimers for options: www.theocc.com
All other important disclaimers: www.tradestation.com
Nvidia Stock Eyes Apple’s 2nd Spot After Monster 30% Gain in MayChip giant racked up nearly $700 billion in market cap last month and is on track to become the world’s second-largest company.
If you’ve been extremely online and following the headlines for a while, you know how this blog will kick off: Nvidia (ticker: NVDA ) crushed, smashed, and shattered all expectations while reporting record profits and revenue. The artificial intelligence (AI) bonanza is so strong it’s literally no-froth-gains-only out there.
Not that much in the loop? Let’s catch you up. For the fiscal first quarter, Nvidia reported record revenue of $26 billion, up 262% year-over year. Along the way, shares of the AI-focused company soared past $1,000 a pop and the stock is now threatening to overtake iPhone maker Apple (ticker: AAPL ) as the world’s second-largest company .
Blink and You’ll Miss It. You Blinked, Right?
Not that long ago — in March 2019 — Nvidia was a little-known GPU provider with its niche found in the gaming sector and the crypto mining corner. And, worth mentioning, it was chugging along as the 84th company in the world by market cap with shares changing hands at $30 a piece.
Fast-track to nowadays, Nvidia’s market cap hovers near $2.7 trillion after gaining a monster 3,755% from its March 2019 lows. It also swooped in as the third-biggest company globally, replacing Amazon (ticker: AMZN ).
Nvidia’s Big Gains Could Dethrone Apple
The AI mainstay picked up more than $700 billion, or 30%, in valuation over May as its shares hit a record high of $1,160. The big leap positioned the company’s market cap less than 10% shy of Apple’s $2.95 trillion. This said, another $250 billion and Nvidia will become the second-biggest company in the world, trailing Microsoft ( MSFT ), valued at $3.2 trillion. That is, if Apple stays where it is now.
The iPhone maker, on the other end of the spectrum, is having a rough year. The victim of a monopoly lawsuit , Apple is witnessing its shares linger around a 3% gain for the year, compared with Nvidia’s 130% rise.
What’s more, spiraling iPhone sales in China added to the brewing troubles.
Can Nvidia Sustain Its Bonkers Revenue Growth?
Looking forward, Nvidia expects to rack up revenue of $28 billion for the current quarter . Recent quarterly performance shows that this type of guidance is not only being met, but it’s being comfortably exceeded.
That’s what happens when you have big tech companies lining up to be your loyal customers. Nvidia is happily selling its hot hardware to the biggest and baddest out there — Microsoft (ticker: MSFT ), Google (ticker: GOOGL ), Tesla (ticker: TSLA ) and privately-held ChatGPT parent OpenAI are all scrambling to get their hands on the powerful chips made by Nvidia.
These heavyweights usually pre-order the good stuff and sign contracts worth billions and billions of dollars, allowing Nvidia to predict how much revenue it will bring in over a quarter.
Coming for That Margin
Investors poured hundreds of billions into Nvidia as they sought to capture the AI train. What this has done to the industry is to propel a single company to the forefront while leaving a huge gap for the rest of the companies that a) have ample amounts of cash to invest, and b) are looking to get a piece of the AI action.
Here’s Nvidia’s weak point: it boasts a huge profit margin. For the past quarter, Nvidia churned out a net income of $14.88 billion on its $26 billion revenue. That’s a clear invitation for other players in the ecosystem to swoop in and attack that profit margin.
Rivals such as AMD (ticker: AMD ) could be looking to get involved in the battle for margin and launch a product that’s slightly better, slightly faster, and slightly cheaper than what Nvidia is making. The incentive is there — the question is when will a rival roll out a competitive product worthy of attention?
Let’s Hear from You!
What’s your take on Nvidia and the AI race? Do you own Nvidia shares or maybe AMD shares? Join the discussion below.
Long ETH, Short BTC on Expected ETH ETF Approval SEC's unexpected nod for Ethereum Spot ETFs (“ETH ETFs”) through the approval of 19b-4 forms has ignited a fresh wave of excitement in crypto markets. This paper delves into the impact on ETH/BTC Ratio fuelled by this development. The ratio has been a laggard throughout the current bull run.
ETHER ETF ADVANCES TOWARDS APPROVAL
On 23rd May, the SEC unexpectedly approved the 19b-4 forms, permitting CBOE, Nasdaq, and NYSE to list ETH ETFs. This surprised participants who anticipated a rejection.
Take note that this does not signify that spot ETH ETFs are approved for trading yet. The applications must still clear the next hurdle, which is the approval of the S-1 form. This process could potentially be drawn out over the next couple of months but there are encouraging signs.
Last week, Blackrock updated its S-1 form for its iShares Ethereum Trust (ETHA), suggesting that the issuers and SEC were working towards fine-tuning the details. The Block reported that other issuers were told to send in their updated S-1 filings by Friday 31/May.
Additional rounds of revisions are expected before a final decision. Bloomberg analyst Eric Balchunas opines that approval could come as soon as June.
A key point of interest for ETH ETFs will be whether the ETH held in these instruments can be staked. Staking Ethereum generates 3.4% APR (Annual Percentage Rate) as of 3rd June. Staking is exposed to risk of losses through slashing. Yet, it makes Spot ETFs attractive to investors.
ETH ETF WILL DRIVE SPOT DEMAND
Like the spot Bitcoin ETFs, ETH ETFs will drive additional spot demand for the cryptocurrency. Since launch, Bitcoin ETFs have seen more than USD 13 billion of capital inflows .
Spot ETFs represents new source of demand and in the month following its launch, inflows drove large price moves.
ETH ETFs are unlikely to attract the same level of demand as Bitcoin ETFs. Inflows into ETH ETFs are expected to be a fraction of those into BTC ETFs, with ETH assets constituting about 10%-20% of BTC assets in various regions, according to comparisons of currently listed instruments.
Source: Eric Balchunas on X
Projecting this level of spot demand, ETH ETFs could witness inflows between USD 1.1 billion (10% of BTC inflows) to USD 2.2 billion (20% of BTC inflows) over the next three months.
ETH HAS LAGGED IN THE CURRENT CRYPTO RALLY
BTC has been the clear winner in the current crypto rally. BTC is the only large crypto to exceed its previous all-time-high until now. In terms of relative performance, other cryptocurrencies have displayed robust performance too.
Other crypto-assets Solana, Dogecoin and Binance Coin have surged to outperform BTC over the last six months. ETH has been a noticeable laggard.
ETH had been underperforming even BTC until 20th May. Following the rally after approval, ETH has just managed to catch up to BTC performance but still lags relative to smaller (and riskier) crypto assets SOL, DOGE, and BNB.
To get a sense of relative performance, we can plot the ratios of these crypto assets with BTC. This chart makes ETH underperformance relative to BTC even clearer.
This underperformance might suggest that investors have moved away from ETH. That risk when flipped could also present an opportunity for ETH to outperform BTC in the coming weeks.
ETH/BTC ratio is a mean-reverting quantity and relative to the peaks seen during past cryptocurrency bull runs, the ratio is low. Notably, the ratio rallied sharply after BTC reached new all-time-high levels in the past.
HYPOTHETICAL TRADE SETUP
Approval of ETH ETFs in the near term is likely to translate into spot buying, driving up prices. A hypothetical trade consisting of a long position in the ETH/BTC ratio will benefit as ETH outperforms BTC.
Investors can execute a spread trade on the ETH/BTC ratio using CME Micro Bitcoin and CME Micro Ether futures. Each contract of Micro Bitcoin futures provide exposure to 0.1 Bitcoin and each contract of Micro Ether futures provide exposure to 0.1 Ether. Eighteen contracts of Micro Ether are required to balance notional value on both legs of the trade.
• Entry: 0.0547
• Target: 0.0600
• Stop Loss: 0.0520
• Profit at Target: USD 655
• Loss at Stop: USD 336
• Reward/Risk: 1.95x
Notably, this trade does not match notional exactly as the current BTC/ETH ratio is 18.28. Alternatively, CME offers Ether/Bitcoin Ratio (EBR) futures that enable investors to gain exposure to the ETH/BTC ratio through a single transaction and match notional exactly.
Each contract of these futures corresponds to an exposure of USD 1,000,000 multiplied by the index value (approximately USD 54,810 at a ratio of 0.05481 as of May 31).
These contracts enable investors to obtain relative value exposure on these closely correlated assets without taking a directional stance. The EBR contract is also substantially more margin efficient than individual futures on both legs (USD 6,800 vs USD 28,000 for the same notional value). However, investors should be aware that these newly introduced futures have poor liquidity compared to individual Ether and Bitcoin full-size and micro futures contracts.
MARKET DATA
CME Real-time Market Data helps identify trading set-ups and express market views better. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
DISCLAIMER
This case study is for educational purposes only and does not constitute investment recommendations or advice. Nor are they used to promote any specific products, or services.
Trading or investment ideas cited here are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management or trading under the market scenarios being discussed. Please read the FULL DISCLAIMER the link to which is provided in our profile description.
Macro Monday 49~Ireland – The Fastest Growing Economy in the EUMacro Monday 49
Ireland – The Fastest Growing Economy in the EU
According to forecasts by the European Commission the European Union is set to grow by a humble 1.7% in 2024 however Ireland is the country which is forecasted to grow the most with an annual growth rate of 5% expected for 2024.
In Q1 2024, Ireland recorded a 1.1% increase compared to the previous quarter, indicating significantly strong economic performance against its closest peers at 0.8% by the likes of Hungary, Latvia and Lithuania.
For the 2023 year the top three European countries for GDP per capita (average economic value of the productivity of each person) were;
1. Luxembourg €143,304
2. Ireland €137,638
3. Switzerland €89,537
I might note briefly that the above figures change for REAL GDP which factors in inflation or changes in the price levels. It accounts for the impact of rising or falling prices on economic output. The real GDP figures for Luxembourg and Ireland are €76,176 and €67,149, respectively. The average real GDP for the EU is €31,740, placing Luxembourg 240% above the average and placing Ireland at 112% above the average, respectively. Real GDP figures highlight both countries as being well above the EU average.
Irelands Largest Exports
Ireland’s largest export in 2023 was pharmaceuticals, which accounted for 34.2% of the country’s total exports. The top export products included blood fractions including antisera, heterocyclic's and nucleic acids, medication mixes in dosage, hormones including miscellaneous steroids, and electro-medical equipment. These major exports represented 54.5% of Ireland’s overall export sales.
The United States was the largest single goods export market for Ireland, accounting for a significant portion of the exports. The pharmaceutical sector, particularly, places Ireland among the world leaders for exporting blood fractions including antisera, and the country is also a major competitor in selling medical, surgical, or veterinary instruments on international markets.
The Best Performing Stocks In Ireland
The best performing stocks in Ireland for the year 2023 were led by Ryanair, with an impressive share price movement of 51%. Other top performers included Cairn Homes with 47%, Kingspan with 43%, Glenveagh Properties with 33%, and Glanbia with 31%. These companies showed significant growth and were among the most successful in the Irish market according to the data from Euronext Dublin based on the period from January to December 2023.
For the past 12 months leading up to May 2024, the best performing Irish stock was Adventus Mining (ADVZF) with a total return of 35.90%, followed by AIB Group (AIBGY) and Bank of Ireland Group (BKRIF). These stocks have shown resilience and growth, reflecting positive investor sentiment and strong market performance.
The Irish Stock Exchange - EURONEXT:ISEQ
The Irish stock market is called Euronext Dublin, formerly known as the Irish Stock Exchange (ISE). It has been in existence since 1793 and is Ireland’s main stock exchange.
As for the equivalent of the S&P 500 in Ireland, there isn’t a direct counterpart that matches the scale and scope of the S&P 500. However, the closest equivalent in terms of a benchmark index for the Irish market would be the ISEQ All Share Index which has between 20 and 25 Irish based stocks in the index. The ISEQ tracks the performance of all companies listed on Euronext Dublin, making it a broad-based indicator of the overall Irish stock market performance.
Here are the weightings (expressed as percentages) of the top components in the ISEQ All-Share Index as of March 30, 2024:
1. Ryanair Holdings PLC: Consumer Discretionary sector - 23.96%
2.Kingspan Group PLC: Industrials sector - 15.58%
3.Kerry Group PLC: Consumer Staples sector - 13.81%
4.AIB Group PLC: Financials sector - 12.31%
5.Smurfit Kappa Group PLC: Industrials sector - 11.03%
Let’s have a look at the ISEQ All Share Index Chart:
With Irelands economy firmly in growth mode and with most economist anticipating it to be the fastest growing economy in the EU for 2024, we can assume we will have some wind at our backs in entering a trade on the ISEQ all share index (no guarantees).
◻️ The chart demonstrates a pattern whereby the months of August since 2021 have not been good months however are followed by the ISEQ making lows in October, thereafter rallying into longer term bull periods. A pattern we could potentially take advantage of going forward. A sort of “Halloween Effect” in the Irish Economy, a term used to describe how markets in general perform well during the Halloween period to Christmas.
◻️ The chart speculates at a similar pattern this year for an August retraction followed by October continuation.
◻️ Entries in during these months should guided by the 200 Day SMA (blue line on the chart). Ideally you would want to be above this line or wait until we get above it or bounce from it (at present we are above it so we await a bounce for entry). You could place stops just below this moving average also having entered the trade.
With the Irish stock market index looking great and economists hailing a year of growth, lets pick out one individual stock we could take advantage of with an impressive looking chart set up.
Glanbia Plc - GETTEX:GL9
Glanbia plc is an Irish global nutrition group with operations in 32 countries. It has a 2.2% allocation in the ISEQ All Share Index and is one of Ireland’s key players in the agri-food and nutrition industry. They handle dairy and grain processing, contributing to a €2 billion industry. You might recognize their popular brands like Avonmore, Kilmeaden, and GAIN Animal Nutrition. Glanbia Ireland plays a vital role in processing milk and creating various products for both local and global markets. Glanbia’s products are sold or distributed in over 130 countries.
This company utilizes one of Irelands greatest products, milk from the cows that feed on the greenest pastures the world has to offer, and distributes this goodness around the globe.
The unique product offering is matched by an impressive chart:
◻️ The chart has a long term cup and handle pattern and great Risk: Reward set up as illustrated. We are well above the 200 day moving average (blue line on the chart) and appear to be breaking higher.
This was one of the better charts I could find in Irelands top 20 stocks that are in the ISEQ All Share, however, Ryan Air appears to be bouncing off a strong resistance level at present having broken to new highs and is worth a review. I will skip it for now.
Pfizor is the Largest Pharma Company in Ireland
Interestingly, Pfizer is the largest pharmaceutical company in Ireland. They have a significant presence in the country, with seven locations across four counties and employing more than 3,300 people. Pfizer was one of the first pharmaceutical companies to establish operations in Ireland, setting up in 1969. Their work in Ireland includes research and development (R&D), manufacturing, shared services, treasury, and commercial operations. Over the years, Pfizer has invested more than $7 billion in its Irish operations, demonstrating its commitment to the country’s pharmaceutical sector
In 2022, Ireland was the world’s biggest exporter of vaccines, blood, antisera, toxins and cultures, with exports valued at $47.3 billion. This sector plays a significant role in Ireland’s economy, contributing to its position as a leading exporter in the pharmaceutical industry globally.
I’m not covering the chart for Pfizer but I thought this was an interesting edge in the Irish marketplace. Whilst Pfizer operates in Ireland, I cannot find it included in the ISEQ All Shares Index therefore holds multinational status operating within the country but not as an Irish entity.
An important Note on Irelands GDP
Irelands GDP figures have been highly contested by economists and investigative journalists for a host of reasons some of which are outlined below. These arguments hold weight and should be considered whilst factoring in an assessment of Irelands Economy:
1. Measurement Issues: Ireland's GDP figures have been influenced by multinational corporations (MNCs) that use Ireland as a base for various financial activities, leading to concerns about the accuracy of these figures. The presence of MNCs can distort GDP calculations due to factors such as transfer pricing, intellectual property rights, and other financial engineering techniques.
2. Distortion from Corporate Re-domiciliation: The phenomenon of corporate re-domiciliation involves companies relocating their legal headquarters to Ireland without significant physical operations in the country. This can artificially inflate Ireland's GDP figures without necessarily reflecting real economic activity within its borders.
3. Lack of Convergence with Other Economic Indicators: There have been concerns that Ireland's reported GDP growth does not align with other indicators such as employment levels or wage growth, prompting skepticism about the accuracy of the reported figures.
4. Impact of Statistical Adjustments: The calculation methods used in determining GDP can lead to statistical adjustments that may not fully capture economic reality or provide an accurate representation of domestic production and income.
5. Potential Policy Implications: The contested nature of Ireland's GDP figures has implications for economic policy decisions based on this data, potentially leading to misinformed policy choices if the underlying economic reality is not adequately captured.
Finally, it is clear that Irelands economy is in growth mode and could present some good opportunities for investment. Ireland is also of major importance to the EU as one of the only native English speaking nations remaining in the EU (since the UK exit - Brexit). One could expect Ireland to receive special consideration and attention from the EU for a host of reasons moving forward, good and bad. A small powerhouse country on the fringes of Europe that has a powerful economic punch to it, an educated and versatile workforce, and positionally is of geographical importance. This small island country has diversified itself as global leader in agriculture, pharma and manufacturing, and also acts as a host country for a range of tech giants. The future is bright for this little island nation however one wonders, would it be better off as a standalone economy outside the Euro Area, like Norway and Switzerland. For now it remains one of the 20 countries in the Euro Currency Area and of vital importance to the EU.
One could describe Ireland as being at the helm of Eurozone's current trajectory, and with that, there is great risk and great promise. A nation in the balance.
All these charts are available on my Tradingview Page and you can go to them at any stage over the next few years press play and you'll get the chart updated with the easy visual guide to see how Ireland's stock market has performed. I hope its helpful.
PUKA
NVDA - Never regret taking profits !1) Everyone and their granny has heard of Nvdia by now.
Lots of new retail traders are pulling into this name as the craze continues.
My none-trader/investor friends have started asking if it's a good idea to "invest" now. That's a big red flag ! (My answer is no!)
Remember, retail investors always come in last and hold the bags when the stock sells off.
2) Fundamentals have started to degrade across the board in the US markets and lots of names started to go lower. Small caps are incapable of making a new high and have made what seems to be a corrective move up since April.
It's then a matter of time before the king follows.
3) Looking at the Elliott Wave count, we can clearly see that we're in a fifth wave, which for those that do not know, is the final move up before we see a considerable correction.
RSI, MACD (or your fav oscillator) shows divergence which happens between wave 3 and 5.
4) On the smaller time frame, we can hope for a continuation higher, but, the upside is limited to probably less than +20% seen that we've finished (are finishing) the extended third of a third wave, which is the sharpest and longest.
So, It's not a bad idea to start taking profits.
I'll close 75% of my longs now.
The rest on a drop below 1070$ or a move close to 1300$
DOGE Ready for next expansion stage. Happy Monday traders!
Today we are taking a look at the All Time History of DOGE coin. Before we look at eh price action of DOGE lets take a trip down memory lane and give you some history of this coin.
Doge: Much Coin, Very History
Doge, in internet meme culture, refers to a photo of a Shiba Inu dog with multicolored Comic Sans text captions representing the dog's thoughts. This meme became wildly popular in the early 2010s, inspiring. Yet, most have never looked up the true meaning of the word DOGE.
Dogecoin (DOGE), launched in December 2013 by software engineers Billy Markus and Jackson Palmer. It was created as a lighthearted parody of the seriousness surrounding Bitcoin and other cryptocurrencies at the time. They built Dogecoin using Litecoin's open-source code, which itself stemmed from Bitcoin.
Dogecoin quickly gained a loyal following, especially on sites like Reddit, where it became a popular tipping currency for content creators. Despite its comedic origins, DOGE achieved surprising success. Here are some milestones:
Instant popularity: Over a million visitors flocked to Dogecoin.com within the first month.
Community focus: Dogecoin fosters a fun and inclusive online community, a stark contrast to some other cryptocurrencies.
Elon Musk effect: Celebrity endorsements, particularly from Elon Musk, have caused the price of DOGE to fluctuate dramatically.
Highs and lows: In 2021, DOGE reached a peak market capitalization of over $85 billion, but its value remains volatile.
DOGE Definition: The chief magistrate in the former Italian republics of Venice and Genoa, known as the Doge (pronounced DOZH), held a complex and multifaceted role. Fun fact, Coins minted by the republic often featured the Doge's image or an abbreviation of their name. This served as a symbolic stamp of approval and helped ensure public trust in the currency.
Today, Dogecoin remains a prominent cryptocurrency, though its price is significantly lower than its 2021 highs it may be repeating its historical gains very soon. Whether it's intention was to be a serious contender in the future or a lasting internet joke, DOGE's place in crypto history is secure.
What do the charts say
Looking at the all time history of this coin we can see that the price action has created two previous run ups producing over 21,000% gains between 2015 and 2017 and again reaching for the sky and touching over 50,000% gains during the 2020/2021 crypto bull market.
Each cycle DOGE has nearly mimicked its prior cycles bear market, accumulation period and eventually, a mind melting bull run. As you can see on the chart we have completed the bear market and are currently breaking out of accumulation.
My personal Targets for DOGE are $4.20, $10.10 and $12.00. If Doge did just half of the gains it did last run it would reach a total of over $12. With rumors shooting around the internet that Elon may add DOGE as the local currency for the X platform and this being a real possibility, I think it is counterproductive to think these type of gains are not in the cards.
Much profits,
Savvy
XAUUSD | GOLDSPOT | New perspective | follow-up detailsGold has delivered impressive gains of over 18% so far in 2024, and June looks promising for investors. With finite supply and fluctuating demand, gold prices are sensitive to economic and geopolitical news. This video dives deep into the current market dynamics and what to expect in the coming month.
In June, geopolitical unrest could significantly impact gold prices. Any major news on this front may push gold prices higher.
On Friday, gold retraced to our key level at the $2,325 zone, undoing gains made after the release of the US Personal Consumption Expenditure (PCE) data for April. This report, showing cooling core price pressures (0.2% month-over-month, down from 0.3%), suggests a higher likelihood of the Fed cutting interest rates sooner. Lower interest rates are typically positive for gold, reducing the opportunity cost of holding this non-yielding asset.
However, US interest-rate expectations are just one piece of the puzzle. Gold demand is also being driven by Asian buyers hedging against their depreciating currencies. Fund flows into Chinese gold ETFs are rising at the fastest pace since April, even amid surging US yields. This trend indicates that the US Dollar's strength may not be as negatively correlated with gold as it was in the past.
In this video, we'll explore how to navigate these complex market dynamics as we prepare for an active trading month. Expect increased trading activity as fund managers and investors rebalance portfolios to meet allocation targets or adjust for market performance.
XAUUSD Technical Overview:
In this video, we take a detailed look at the XAUUSD chart, combining both technical and fundamental perspectives.
Our attention is fixed on the critical $2,325 level for the upcoming week, historically significant and poised to steer trading dynamics. A sustained momentum above this mark could fuel further buying interest, potentially paving the way for fresh highs. Conversely, a bearish tilt below $2,325 might signal a resurgence of bearish sentiment.
Join me as we break down these factors and explore potential trading opportunities in the gold market. Don't forget to like, subscribe, and hit the notification bell to stay updated with my latest analysis and insights.
#GoldMarket #GoldInvestment #GeopoliticalImpact #InterestRates #AsianDemand #GoldETFs #MarketAnalysis #Investing #TradingTips📺🔔💼
Disclaimer Notice:
Trading in the foreign exchange market and other instruments carries high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
The Epic GameStop Saga: How Retail Traders Toppled Hedge FundsThe story of GameStop (GME) and Wall Street Bets is one for the history books. 🏆 This tale of David vs. Goliath saw everyday retail traders take on some of the most powerful hedge funds on Wall Street, and win—at least for a while. Let's dive into this rollercoaster of financial drama, where memes, emojis, and Reddit posts became weapons of choice.
The Rise of the Retail Trader 💪
It all started on a subreddit called Wall Street Bets (WSB), where a group of retail traders noticed something peculiar about GameStop. Hedge funds like Melvin Capital were heavily shorting the stock, betting that its price would fall. But the WSB community saw an opportunity. By banding together, they could drive up the stock price, forcing the hedge funds to buy back shares at higher prices to cover their shorts—a process known as short covering.
Short Covering Explained 🧠
For the uninitiated, short covering happens when traders who have shorted a stock (sold it hoping to buy it back at a lower price) must buy back shares as the price rises, to limit their losses. This buying pressure can further drive up the stock price, creating a feedback loop of rising prices and more buying.
The Showdown 🥊
In January 2021, the WSB crowd launched their coordinated buying spree, and GameStop's stock price skyrocketed from around $20 to a peak of $483. Hedge funds were caught off guard. Melvin Capital, one of the primary short-sellers, faced massive losses. Enter Citadel, a large hedge fund, which stepped in to bail out Melvin Capital with a hefty cash infusion. But the damage was done. Retail traders had won a significant battle, showcasing their power to move markets.
Fast Forward to Today ⏩
Fast forward to today, and the GameStop frenzy has simmered down, but the stock's legacy remains. Currently, the sentiment around GameStop is neutral. The put/call ratio, a measure of market sentiment, indicates that traders are neither overwhelmingly bullish nor bearish. They're getting out of the stock, which reflects a stabilizing interest.
GameStop's price has recently dipped below a monthly supply zone of $40 per share, signaling a critical point in its trading activity. However, there's significant buying interest at around $10 per share. This suggests that if the stock drops to this level, we might see renewed buying activity.
What’s Next? 📅
Looking ahead, GameStop's earnings report on June 11th will be crucial. Investors and traders alike will be watching closely to see how the company is performing financially. This report could either stabilize the stock or create new waves of volatility.
The Legacy 🌟
The GameStop saga is more than just a story about stock prices. It's about the power of the collective, the impact of social media on financial markets, and the democratization of trading. Retail traders showed that they could band together and challenge the titans of Wall Street. And they did it with a sense of humor, using memes and emojis to rally the troops.
So, what's the takeaway? Whether you're a retail trader or a hedge fund manager, the GameStop episode is a reminder that in the stock market, anything can happen. And sometimes, the little guys can win big. 🚀💥
Solana (SOL): Will it Rebound Back to $170 or Slip Down to $150?With the resurgence of memecoin mania, Solana also received significant momentum. The bulls used all their strength to keep the value above $180 but the growing bearish strength caused a notable pullback. As a result, the SOL price is consolidating strongly within a narrow range of $163 to $172, indicating the possibility of a large move ahead.
While the crypto markets have been outpowered by the bears, can the SOL price initiate a fresh upswing to nullify the selling pressure?
Ever since the start of the rally in March, the SOL price has demonstrated its strength by marking highs above $200 a couple of times. However, a rejection followed, causing a 40% loss in value. Regardless of this, the current trade set-up suggests the bulls to be holding a tight grip over the rally and hence demonstrate a higher possibility of reclaiming $180 in the first few days of June.
As suggested in the above chart, the SOL price continues its trade within a symmetrical triangle and is currently holding above the local support zone between $155 and $160. The tight accumulation has occurred due to the equal participation of the bulls and bears and hence this suggests a huge price action could be on the horizon.
Besides, the technicals suggest a notable change in the trend as the Gaussian channel just turned green, indicating the beginning of an upswing. Moreover, the price is closely ranging just below the upper bands of the channel and if they manage to break above the levels, a fresh upswing may begin. Secondly, the stochastic RSI has also reached below the lower threshold and could be preparing for a rebound, substantiating the bullish claim.
Therefore, Solana’s (SOL) price continues to remain within bullish influence and hence a bullish breakout above $175 may be expected at the beginning of the second half of 2024.
WHITEBIT:SOLUSDT
Short squeezes are happening!Discussing some potential short squeeze candidates.
Some of these names have already bolstered huge gains and looking to potentially squeeze higher if price action holds firm.
All of these names need to be monitored in the near term for opportunities.
Shorts get nervous when stocks are moving higher.
AI, SPWR, CHWY, WOOF
