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New Product Launch: How to Use TradingView OptionsWe’ve rolled out our newest product and we’re eager to brag about it! It’s an options platform — TradingView Options. More precisely, it’s a powerful set of tools for options traders who want to keep a close eye on every little detail and fine-tune their strategy to perfection.
What Are Options?
Options are financial derivatives that give the buyer the right, but not the obligation, to buy or sell the underlying asset at a set price within a set period.
TradingView Options
TradingView Options is designed to illuminate your options trading strategy from the first step to the last one. Get razor-sharp options strategies on gold futures ( COMEX-GC1! ), oil futures ( NYMEX-CL1! ), and many more.
Let’s break it down and discuss what it's about. For starters, you’ve got three key components — Strategy Builder, Options Chain, and Volatility Analysis.
1. Strategy Builder
Create, test and visualize options strategies with real-time data.
Use pre-built strategies filtered by bullish, bearish, or neutral outlooks.
Customize strategies with adjustable parameters like expiration dates and strike prices.
Get estimates for max profit, max loss, win rate, and more.
Compare multiple strategies on a single chart for performance analysis.
2. Options Chain
Options chains are broken down into two sections — calls and puts.
Strike price is displayed in the center column — it’s where the put or call can be exercised.
Next to Strike is IV, %, which stands for Implied Volatility in percentages.
Measure options risk with the Greeks: Delta, Gamma, Theta, Vega, and Rho.
Easily switch underlying assets with a simple symbol search at the top left.
3. Volatility
Analyze market volatility to understand potential price movements and risks.
Market Coverage
Currently, TradingView Options supports options contracts from major exchanges including CME and its subsidiaries NYMEX, COMEX, and CBOT, alongside NSE , and BSE .
Conclusion
The new options trading tools by TradingView empower traders with the data and analytical capabilities needed to whip up high-probability strategies and explore new opportunities for profit in global markets.
Are you an options trader? What’s your trading style? Let us know in the comments!
Is Bitcoin a leading indicator of inflation?INDEX:BTCUSD Bitcoin is regarded (in some circles) as both a store of value and an inflation hedge.
But what if Bitcoin is a leading indicator of inflation?
In the chart shown, we can see the various Bitcoin peaks over the years preceding local peaks in US CPI (orange). The US interest rate is in blue.
The last 4 peaks in US CPI YoY have occurred between 6.4 and 8.5 months after a peak in Bitcoin's price.
Specifically:
June 2016 high - 37 weeks (8.5 months) later at 2.7%
December 2017 high - 28 weeks (6.4 months) later at 2.9%
June 2019 high - 31 weeks (7.1 months later) at 2.5%
November 2021 high - 33 weeks later (7.6 months later) at 9.1%
It's also worth noting that the sequence of highs is the same; both BTC and CPI have a lower high, a higher high, lower high, then higher high.
The peaks in 2011 and 2013 coincided with CPI highs 15 and 26 weeks later, but 2016/2017 was the time when crypto first entered the public's awareness.
So why does this happen? Do Bitcoin whales buying lambos stimulate inflation?
I'm joking, but I genuinely don't know, and I hope someone can explain lol.
I've wondered if it's a case of correlation in that rising inflation is usually a sign of easy financial conditions—the ideal conditions for a risk asset like BTC to pump—with Bitcoin being the first to benefit as the ultimate risk asset (at least in the world of mainstream finance). I'm not sure though.
The most concerning thing is the implication. We recently just made another all-time high in Bitcoin, but CPI sits at 3.4% at the time of writing, having moved sideways for almost a year now.
As for whether this is a crazy coincidence, or me reaching to an astronomical degree, I don't know.
The average period of time over these last 4 periods is 32 weeks, or around October/November time. The only catalysts I see are the US government spending money like it's going out of fashion and rising commodity prices.
I'll also note that there doesn't seem to be any correlation with lows in inflation.
Personal opinion on inflation:
US inflation is stalling, rising, and falling across different measures. Producer prices, services inflation, annual PCE, and some core measures are tilting up. The only real decline recently has been core CPI.
It's also interesting to note that 1 and 5-year Michigan inflation expectations are 3.3% and 3%, respectively.
Multiple Fed officials have been hawkish lately:
Fed's Barr: Q1 inflation was disappointing, it did not provide the confidence needed to ease monetary policy.
Fed's Mester: Inflation risks are tilted to the upside.
Fed's Bostic: It would not surprise me if it took longer to get to 2% inflation in the US than elsewhere.
Given that we've reached a peak in interest rates (for the time being) but inflation has been moving sideways for around a year now, something has to change.
It could be argued that monetary policy still needs time to work, but that doesn't really mesh with measures of inflation stalling or rising over the past year. Wouldn't the lag effect continue working to drive inflation lower? Likewise, why would the US economy be growing as fast as it is?
One or more of three things will need to change: inflation, unemployment, or interest rates.
Unemployment is at 3.9%, low by historical standards but rising since early 2022.
Inflation, especially with what we've seen here, may also be on the rise soon.
If the main lever the Fed has is monetary policy, it faces a dilemma. The data doesn't support a rate cut right now, while unemployment is rising slowly. If inflation begins to rise again, it may need to hike interest rates—not ideal when Joe desperately needs one for the upcoming election.
This scenario of high inflation and high unemployment—stagflation—is what JPMorgan's CEO, Jamie Dimon, has been warning of :
'It’s a warning Dimon has issued before, previously saying he fears America is headed for a repeat of the 1970s when everything “felt great” and then quickly about-turned to a period of high unemployment and inflation paired with low demand, also known as “stagflation.”
Appearing at AllianceBernstein’s Strategic Decisions conference on Wednesday, Dimon said he simply can’t see how the past five years of massive fiscal and monetary stimulus could result in anything other than this scenario.
As it stands, the US dollar looks ready to surge higher and clear 2023 highs:
While SPY and BTC, adjusted for inflation (CPI figure taken from first day of trading), sit below their 2021 highs:
I am aware that the human tendency to look for patterns and confirmation bias may be clouding my judgement. However, in my view, the market is severely underestimating the risk of higher inflation and a potential interest rate hike, which I believe will drive the dollar higher throughout the rest of 2024.
According to the Bitcoin chart, another wave of inflation could be back above 7%+. I personally find that hard to imagine, but second round effects in the 1970s saw inflation shoot past its previous peak. Deutsche Bank has drawn parallels with the 1970s .
Long-term views:
Long USD, Oil
Short risk assets (equities, crypto)
Unsure on gold and silver but skewed lower
For these views to be truly validated, I would like to see:
TVC:DXY above 105.75
NYMEX:CL1! above 84
AMEX:SPY below 494
NASDAQ:QQQ below 414
INDEX:BTCUSD below 56,500
This is not financial advice, nor a recommendation. I wrote this to bring attention to something strange I'd found, and strongly encourage you to do your own research. Thank you for reading.
Sell EURUSD Channel BreakoutThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.0850, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.0819
2nd Support – 1.0805
Stop-Loss: To manage risk, place a stop-loss order above 1.0885 This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
BITCOIN - A detailed Important scenario of what will happen!Anyone who puts 2025 as the end of the cycle is wrong, in my view In this analysis, I will list for you all the next steps, starting from now.
- Altcoins and Bitcoin will rise to 85k, and it will happen from here until the end of June - the beginning of July.... This will coincide with TOTAL3 reaching 900B - 1T.
-There will be a strong correction for the entire market, and Bitcoin will return to 72k and TOTAL3 will return to 700B - 730B. - In the period between August and October, Bitcoin will rise alone, and alternative currencies will begin to rise slightly
- Trump wins the US elections, and remember what he said two days ago regarding cryptocurrencies, and this would bring great positivity to the market.
At the end of 2024 or the beginning of 2025, Bitcoin will reach 125k - 150k, and that will be the peak of that cycle, and your greed will then reach the sky, but don't take your profits... When that happens, you will find those calling for 200k for Bitcoin, or posts tells 1M for BTC !
Then the following will happen:
- Distribution of bitcoins to ALTS for two or three weeks with great ALTseason...Greed will reach its peak, and I will be attacked and anyone who tells " this is the peak, and you must take your profits and make them 100% cash".
- Then there will be a complete collapse of the market and the American markets, and a decline that will continue for years, and this collapse will be less severe for Bitcoin, reaching areas between 50k - 45k, and most other currencies will disappear completely (90-99% decline).
best regard Ceciliones🎯
WTI Oil H4 | Falling to pullback supportWTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 79.94 which is a pullback support.
Stop loss is at 79.00 which is a level that lies underneath the 23.6% Fibonacci retracement level.
Take profit is at 82.41 which is a pullback resistance.
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Market is on its Upper Band - Its 2nd Camel HumpAll the major markets are testing their upper band channels since their first major hump in the 90s.
The Russell 2000 has reached its second hump and is on the way down. Though the Russell 2000 is the least known among the four indices, it serves as a leading indicator for the other three.
Why?
The Russell 2000 comprises 2000 mid-sized listed companies, which I believe employ the largest workforce in the United States. This means their employees are also the mass consumers who use or buy products and services listed on the Nasdaq, S&P, and Dow Jones. When the Russell 2000 is not doing well, mass consumers tend to spend less, and the rest of the indices subsequently follow.
Micro E-mini Futures & Options
Ticker: MYM
Minimum fluctuation:
Outright: 1.0 index points = $0.50
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. 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
Understanding Bearish and Bullish Bat Harmonic Patterns
Understanding Bearish and Bullish Bat Harmonic Patterns: A Professional Guide for Traders
In the dynamic world of trading, identifying potential reversal points is crucial for making informed decisions. Two powerful tools that professional traders often rely on are the Bearish and Bullish Bat Harmonic Patterns. These patterns, grounded in Fibonacci ratios, offer insights into market behavior and help in predicting price movements. This article delves into the intricacies of these patterns, providing a comprehensive guide for traders.
__________________The Bearish Bat Harmonic Pattern_________________________
The Bearish Bat Harmonic Pattern is a reversal pattern that indicates a potential decline in price after an upward correction. Here's how to identify and interpret this pattern:
X-A Leg: The initial move where the price falls from point X to point A.
A-B Leg: The price then retraces upwards from point A to point B, typically reaching 38.2% to 50% of the X-A leg.
B-C Leg: The price falls again from point B to point C, retracing 38.2% to 88.6% of the A-B leg.
C-D Leg: The final leg sees the price rise from point C to point D. Point D is the critical point, expected at the 88.6% retracement level of the X-A leg and coinciding with the 161.8% extension of the B-C leg.
Key Fibonacci Ratios:
A-B: 38.2% to 50% retracement of X-A
B-C: 38.2% to 88.6% retracement of A-B
C-D: 88.6% retracement of X-A and 161.8% extension of B-C
Trading Strategy: Traders should look for selling opportunities around point D, anticipating a downward move following the completion of the pattern.
Entry, Stop-Loss (SL), and Take-Profit (TP) Criteria:
Entry: Enter a short position at or near point D.
Stop-Loss (SL): Place the stop-loss slightly above point X to account for any potential false breakouts.
Take-Profit (TP): Set the first TP at the 61.8% retracement of the C-D leg and the second TP at the 100% retracement of the C-D leg.
_________________________The Bullish Bat Harmonic Pattern_____________________
Conversely, the Bullish Bat Harmonic Pattern signals a potential rise in price after a downward correction. Here are the steps to identify and utilize this pattern:
X-A Leg: The initial move where the price rises from point X to point A.
A-B Leg: The price then retraces downwards from point A to point B, typically reaching 38.2% to 50% of the X-A leg.
B-C Leg: The price rises again from point B to point C, retracing 38.2% to 88.6% of the A-B leg.
C-D Leg: The final leg sees the price fall from point C to point D. Point D is the critical point, expected at the 88.6% retracement level of the X-A leg and coinciding with the 161.8% extension of the B-C leg.
Key Fibonacci Ratios:
A-B: 38.2% to 50% retracement of X-A
B-C: 38.2% to 88.6% retracement of A-B
C-D: 88.6% retracement of X-A and 161.8% extension of B-C
Trading Strategy: Traders should look for buying opportunities around point D, anticipating an upward move following the completion of the pattern.
Entry, Stop-Loss (SL), and Take-Profit (TP) Criteria:
Entry: Enter a long position at or near point D.
Stop-Loss (SL): Place the stop-loss slightly below point X to account for any potential false breakouts.
Take-Profit (TP): Set the first TP at the 61.8% retracement of the C-D leg and the second TP at the 100% retracement of the C-D leg.
______________________Practical Application and Tips_______________________
To effectively utilize these patterns, traders should:
Use Confirmation Indicators: Always combine harmonic patterns with other technical indicators, such as RSI or MACD, to confirm potential reversal points.
Practice Patience: Wait for the pattern to fully develop and reach point D before taking action.
Risk Management: Implement strict risk management strategies, including stop-loss orders, to protect against potential false signals.
Conclusion:
The Bearish and Bullish Bat Harmonic Patterns are powerful tools in a trader's arsenal, providing a structured approach to identifying potential market reversals. By understanding and applying these patterns, traders can enhance their decision-making process and improve their trading performance. Remember, like all technical analysis tools, these patterns are most effective when used in conjunction with other indicators and sound risk management practices. Happy trading!
XLM Stellar in 2024 (deep research)Stellar (XLM)
Stellar is an open-source, peer-to-peer virtual currency network that first appeared in 2015 The network was founded by current chief architect Jed McCaleb, current chief scientist David Mazier, and former lawyer Joyce Kim, who has since left Stellar The network aims to make moving money across borders faster and easier, especially for those without access to traditional banking services.
The Stellar blockchain is a distributed ledger used to transfer digital currencies. The primary token of the Stellar blockchain is XLM. The Stellar blockchain uses the Stellar Consensus Protocol (SCP), which is different from the proof-of-work mechanism used in Bitcoin. SCP allows for fast and inexpensive transactions and does not require mining, making it more energy efficient Stellar transactions are confirmed within 5 seconds Transaction costs are extremely low: the average transaction cost is a fraction of a US penny.
The Stellar Development Fund was created to support the development and growth of the Stellar network. The goal of the fund is to promote global financial access, literacy, and inclusion. Stellar has a unique feature, Anchors, which are organizations that can hold deposits and make loans. This allows for a network of inputs and outputs for conversion between digital and traditional currencies Stellar is involved in various partnerships and projects to expand financial inclusion and improve cross-border payments For example, in January 2021, the Ministry of Digital Transformation of Ukraine announced its cooperation and collaboration with Stellar in the development of Ukraine's digital infrastructure.
Roadmap
The Stellar Development Foundation has published a strategic roadmap for 2023, focusing on three blocks to support and grow the Stellar network, ecosystem, and community:
Block 1: Utility is an indicator of growth - this principle aims to attract more developers to the network by providing utility. By focusing on the dysfunctional elements of the current system, Stellar aims to highlight and address them through the network. This includes bringing top-notch assets. Into the network, expanding access through global ramps, and honing in on use cases.
Block 2: Stellar - the network of choice - this block aims to make Stellar the standard for everyday financial services. The goal is to show that Stellar is a network that will not only survive but will set the standard in the industry.
Block 3: Stellar for Developers - This block aims to support the growth of the Stellar ecosystem by providing a clear path for builders to develop solutions. Stellar aims to make it easier for developers to get online and support them in building real-world solutions.
The roadmap also outlines a focus on expanding payments and remittances, leveraging the movement of digital value to provide financial services such as savings, loans, credit, and other transactions in a more accessible way. Stellar's goal is to make it easier for people to access financial services without creating the difficulties and challenges they face today.
Team
The Stellar team is highly regarded in the cryptocurrency space. They have a wealth of experience and expertise, and key figures such as Jed McCaleb, co-founder of Ripple, and Joyce Kim have been instrumental in the development and growth of Stellar. The team consists of more than 80 experts from various leading gaming fields, which is a testament to the diversity and high caliber of the employees.
In addition, the team includes veterans from industry giants such as Binance, ConsenSys, Google, and Microsoft, further enhancing their credibility and expertise in the cryptocurrency space. Stellar has also partnered with major financial institutions and governments, such as the Ministry of Digital Transformation of Ukraine, to create an ecosystem of virtual assets and a national digital currency This is a testament to their extensive experience and strong reputation in the industry.
Audit
Stellar has been listed on the Cyberscope platform, which gives Stellar's due diligence score of 88%, indicating a very low-risk level. The security score is 71%, indicating a moderate level of security. Stellar's audit history is not provided in the search. results, but it is noted that Stellar has not been audited by CertiK Additionally, the Stellar Development Fund (SDF) announced the launch of an audited bank that will distribute up to $1 million in security audit credits in coordination with six top-tier audit firms This initiative aims to support the growth and security of the Stellar ecosystem by providing financial assistance for security audits of projects being built on the network.
GitHub
The project repository seems to be quite active. There were 1860 commits in April!
This indicates a significant level of activity in the development and maintenance of the project. The project has an active community of developers contributing to various repositories. These include the core protocol, smart contracts, and multiple tools and resources for developers. The project has released new features and tools such as the Starlight wallet, which allows for private, instant and secure transactions This is a testament to the constant innovation and development of the project.
Ecosystem
The Stellar ecosystem has grown significantly, with many applications and projects coming online.
These include:
StellarX: An easy-to-use peer-to-peer trading platform for trading assets on the Stellar network.
Stellarport: A web-based interface to access the Stellar network, allowing users to trade assets, send payments, and create tokens.
Lobster: A mobile and web wallet for managing Stellar accounts and assets.
StellarTerm: An open-source client for the Stellar network that allows users to access a decentralized exchange and manage their accounts.
Stellar Lumens: The native digital currency of the Stellar network, used as an intermediate currency to facilitate transactions between different assets.
According to the latest data, the total value of assets locked in the Stellar ecosystem is $9.84 million. The high TVL indicates that a significant number of investors uses the protocol and that it has a high level of liquidity TVL in the Stellar ecosystem is a testament to the growing interest and confidence in DeFi's capabilities on the network As the Stellar ecosystem continues to expand, TVL can be expected to continue to grow, reflecting the growing popularity and utility of the network.
Stellar has also made significant strides in smart contracts in recent years with the introduction of Soroban Soroban is a smart contracts platform on Stellar that allows developers to create, deploy and interact with decentralized applications (dapps) on the network The Stellar Development Fund has committed $100 million to the Soroban Adoption Fund to incentivize the development of projects that leverage the network's smart contract capabilities According to the latest data, 466 projects are active on the Stellar network, demonstrating the versatility of the platform and its potential to revolutionize the way financial transactions are conducted.
Tokenization
Tokenization is the process of representing real world assets (RWAs) or financial products as digital assets on the blockchain It is a key feature of the Stellar blockchain network, allowing any developer or enterprise to issue assets on the platform The Stellar blockchain is designed to support the tokenization of assets, including fiat currencies and securities, in a secure and simple way This enables the creation of digital representations of real-world backed assets, which can then be moved around the world around the clock, quickly and at low cost Below are RWA's market capitalization statistics across various networks.
The process of tokenizing an asset on the Stellar network involves four main steps:
1 Creation of the issuing account: The first step is to create an account on the Stellar network that will be used to issue the asset.
2 Creating a distribution account: Next, a separate account is created to hold the issued asset.
3 Add a trust line for the asset to the distribution account: The trust line is a record of the asset and the maximum amount of that asset that the account is willing to hold This step ensures that the distribution account can receive and store the newly issued asset.
4 Transferring the asset from the issuing account to the distribution account: The last step is to transfer the asset from the issuing account to the distribution account.
Stellar's built-in software features allow for asset control, which means issuers can limit the use of an asset and who can own it by setting various configuration flags This provides a high level of flexibility and control for asset issuers.
Tokenizing assets on the Stellar network provides several benefits:
Reduced record keeping: Issuers can reduce the number of internal sources for record keeping by using the blockchain as the primary source of truth for non-PII data.
Increased market access: Issuers can expand their markets by offering their assets to the ins and outs and wallets built on the Stellar network.
Instant settlement: The Stellar network provides instant settlement 24/7, reducing the cost of processing financial transactions.
Interchangeability: Assets created on the Stellar network are interoperable with the rest of the digital asset ecosystem.
Low cost: The Stellar blockchain is known for its low transaction costs, making it an attractive choice for asset tokenization.
Tokenization on the Stellar network thus enables the creation of digital representations of real-world assets, providing a secure, efficient and cost-effective way to transfer and manage assets on the blockchain.
Bridges
One of the most notable bridges is Allbridge, which provides interoperability between Stellar and several other leading blockchains, including Ethereum, Solana, Polygon and Celo This bridge allows users to transfer assets between these networks, utilizing the unique features of each blockchain and enjoying the fast and inexpensive transactions that Stellar is known for Allbridge's integration with Stellar was made possible through a partnership with Ultra Stellar, a key player in the Stellar ecosystem An example of how Allbridge works:
Another significant development in Stellar interoperability was the introduction of Spacewalk, a trust-minimized bridge between Stellar and the Polkadot/Kusama ecosystems Spacewalk enables the transfer of stable tokens from the Stellar network to the Polkadot/Kusama ecosystems, opening up new opportunities for users to access a wide range of DeFi services The Stellar Development Foundation (SDF) also launched the Stellar Bridge Bounty Program, which supports the development of cross-chain solutions on the Stellar network This program has led to the creation of innovative bridge solutions such as Starbridge, which aims to create a robust integration between Stellar and Ethereum.
These bridging and interoperability solutions are critical to the growth and proliferation of the Stellar network, as they enable users to access a wider range of assets and services while taking advantage of Stellar's fast and low-cost transactions As the Stellar ecosystem expands, we can expect to see further developments in bridging and interoperability, further increasing the utility and reach of the network The need for bridges in the race to tokenize real world assets underscores the importance of seamless integration and interoperability in the financial ecosystem By enabling asset transfer between different blockchain networks, bridges play a critical role in facilitating tokenization of real-world assets, which is expected to unlock significant value and create new opportunities for investors and businesses alike As the demand for tokenized assets continues to grow, the design and implementation of bridges will play an important role in meeting this demand and enabling efficient and secure asset transfers between different blockchain networks.
Conclusion
Stellar is a truly outstanding project with a vibrant ecosystem with a significant number of projects and a wide range of opportunities Fast and inexpensive transactions, energy efficiency, and a focus on financial inclusion make it attractive to both developers and users Support for tokenization of real assets further extends the network's capabilities by enabling digital representations of a wide range of financial instruments The development of bridges and interoperability solutions on the Stellar network demonstrates its commitment to creating a more interconnected and accessible financial ecosystem These bridges enable seamless integration with other blockchain networks, extending the reach and utility of the Stellar network and making it an ideal platform for cross-border payments and tokenization of real-world assets.
All of the above factors point to the significant development of the Stellar project, as well as the price of XLM The growing interest in the network
and its adoption, as evidenced by the increasing number of TVLs and the development of bridging, interoperability solutions, suggest a large growth of XLM While it is difficult to predict specific news or events that will trigger the price to rise and get out of accumulation, I have already started accumulating XLM in my portfolio You can familiarize yourself with it at the link below the chart.
Best regards EXCAVO
🔔Everything You need to Know about Ethereum ETF🔔🌐Today seems to be the time to decide about the Ethereum ETF. (⚠️ The cryptocurrency market may get excited when the result is announced, so be careful with your positions⚠️ ).
🔔Let's take a look at what happened to Bitcoin when the Bitcoin ETF was adopted.
When the Bitcoin ETF was approved , Bitcoin corrected about ➖20% and this correction lasted about 12 days . This happened seemed to express the proverb, " Buy the Rumor, Sell the News ".👇
💡So there is a possibility that if Ethereum ETF is approved, Ethereum will be corrected for a while like Bitcoin .
📊Now let's check the Ethereum chart .
🏃♂️Ethereum has managed to break the 🔴 Heavy Resistance zone 🔴 (now the 🟢 Heavy Support zone($3,580-$2,930) 🟢) of Ethereum with the help of the Classic Falling Wedge Pattern . It is currently moving near the 🔴Resistance zone($4,380-$3,950)🔴.
🌊According to the Elliott wave theory , Ethereum seems completed the microwave 3 of main wave 3 . Ethereum seems to be completing microwave 4 of the main wave 3 right now.
📈Let's look at the ETHBTC chart and see how much Ethereum will be affected by the growth or decline of the cryptocurrency market .
📈 ETHBTC seems to be trying to break the important Resistance line and Resistance zone , and this is a good sign for Ethereum and most altcoins. If the cryptocurrency market starts to increase, it seems that Ethereum will get a larger share of this increase. It could be a sign for Altseason .
📈But right now it seems that ETHBTC should have a correction to the Support zone or Fibonacci lines .👇
🔔According to the above explanations , it seems that if you want to add Ethereum and other Altcoins that are on the Ethereum network to your portfolio , it is better to wait for Ethereum to reach the 🟢 Heavy Support zone($3,580-$2,930) 🟢, if ETHBTC also corrects at the same time, it will be a more suitable situation.
🔔If you want to open a position on Ethereum, it is better to have a short position , because if Ethereum ETF is approved , the same scenario as Bitcoin may happen to it, and if it is not approved , the possibility of a fall is very very high , so the risk of a short position may be less now. What is your idea❗️❓
❗️⚠️Note⚠️❗️: If the Ethereum ETF is not approved, you better wait because Ethereum is likely to lose the 🟢 Heavy Support zone($3,580-$2,930) 🟢, and this shock will also affect Bitcoin and other Tokens.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Ethereum Analyze ( ETHUSDT ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Learn from the Pros: Trading Quotes from Trading LegendsSpeculation is as old as the hills, says one of the world’s best traders of all time, Jesse Livermore. In this blog, we give you the best quotes by the best traders — use them to get inspired and realize that success in trading is possible.
Paul Tudor Jones, hedge fund manager, founder of Tudor :
“I always believe that prices move first and fundamentals come second.”
“If I have positions going against me, I get right out; if they are going for me, I keep them. Risk control is the most important thing in trading.”
“I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of money at tops and bottoms.”
Stanley Druckenmiller, family office manager, founder of Duquesne:
“I don't really like hedging. To me, if something needs to be hedged, you shouldn't have a position in it.”
“I like putting all my eggs in one basket and then watching the basket very carefully.”
“Soros has taught me that when you have tremendous conviction on a trade, you have to go for the jugular. It takes courage to be a pig. It takes courage to ride a profit with huge leverage.”
George Soros, hedge fund manager, founder of Soros Fund Management :
“It's not whether you're right or wrong, but how much money you make when you're right and how much you lose when you're wrong.”
“Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.”
“My peculiarity is that I don't have a particular style of investing or, more exactly, I try to change my style to fit the conditions.”
Ray Dalio, hedge fund manager, founder of Bridgewater Associates :
“In trading you have to be defensive and aggressive at the same time. If you are not aggressive, you are not going to make money, and if you are not defensive, you are not going to keep money.”
“Diversifying well is the most important thing you need to do in order to invest well.”
“To make money in the markets, you have to think independently and be humble.”
Jesse Livermore, stock trader, portrayed in “Reminiscences of a Stock Operator”:
“It never was my thinking that made the big money for me. It was always my sitting.”
“It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance.”
“There is nothing new on Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again.”
Let’s hear from you!
What’s your favorite trading quote or maybe a favorite trader? Let us know in the comments!
Brilliant Basics - Part 1: Trendlines"Champions are brilliant at the basics." - John Robert Wooden, legendary basketball coach. In trading, just like in sports, mastering the fundamentals forms the foundations for exceptional performance.
Welcome to the first part of our educational series, Brilliant Basics . In this series, we'll explore how mastering the fundamentals lays the groundwork for achieving high-level performance in trading. Today, we focus on trendlines, a crucial tool for any trader aiming to understand market momentum.
Simple Elegance
Trendlines are so simple in their design that their importance can often be dismissed. A child could map the swings of a market and tell you whether the line was upward or downward sloping. Yet, this simplicity is precisely what gives trendlines their potency.
Past performance is not a reliable indicator of future results
The elegance of trendlines lies in their ability to distil market movements into an easily interpretable format. This simplicity does not mean they lack depth; rather, it means they are accessible to all traders, regardless of experience level. Here’s why their simplicity is so important:
Clarity in Chaos: Markets can be noisy and unpredictable, but trendlines help to bring order to this chaos. If drawn correctly, they provide a clear visual representation of the market’s overall direction and volatility.
Universal Application: Trendlines can be applied to any market, on any timeframe. Whether you are trading stocks, commodities, or forex, trendlines work the same way, making them a universal tool in a trader's toolkit.
Consistent Feedback: Trendlines offer immediate visual feedback on price action. If a trendline is respected by the market, it reinforces your analysis. If it is broken, it signals a potential change in momentum or trend.
How to Draw Trendlines Correctly
Drawing trendlines might seem straightforward, but there are specific guidelines to ensure they are both accurate and useful:
1. Identify Swings: Begin by identifying the swing highs and swing lows on your chart. For an uptrend line, connect at least two higher lows. For a downtrend line, connect at least two lower highs. Ensure these points are significant swings and not minor fluctuations.
Past performance is not a reliable indicator of future results
2. Avoid Cutting Prices: A trendline should not intersect any price action between the points it connects. Drawing a trendline that cuts through price bars undermines its validity and the potential insights it can offer. The line should clearly touch the chosen swing points without cutting through the price action in between. Draw multiple high quality trendlines rather than a ‘line of best fit’.
Past performance is not a reliable indicator of future results
3. Consistency: Maintain a consistent approach when drawing trendlines. Use the same criteria for identifying swing points and avoid forcing a trendline to fit the data. This consistency helps in making objective and reliable trading decisions.
Trendline Fans and Their Insights
A single trendline can offer valuable insights, but using multiple trendlines—forming a trendline fan—can provide a deeper understanding of market momentum and potential changes in trend.
Rising Momentum: In an uptrend, if the subsequent trendlines are steeper, it indicates increasing momentum. Each steeper line shows that buyers are stepping in more aggressively. However, should trendlines increase in steepness exponentially this leaves the trend vulnerable to exhaustion.
Past performance is not a reliable indicator of future results
Ebbing Momentum: Conversely, if the subsequent trendlines in an uptrend are less steep, it indicates decreasing momentum. This situation suggests that while prices are still rising, the strength of the upward movement is waning.
Past performance is not a reliable indicator of future results
Practical Applications
Understanding the simplicity of trendlines enhances their practical application in trading. Here’s how you can leverage their elegance:
Momentum Assessment: As we’ve seen with the trendline fans, the steepness of a trendline or progressive steepness of a trendline fan can give a valuable real-time insight into market momentum.
Support and Resistance: Trendlines act as dynamic support and resistance levels. In an uptrend, the trendline or trendline fan serves as a support levels where price may bounce back up upon testing. In a downtrend, the trendline acts as resistance, where price might reverse downward upon touching.
Past performance is not a reliable indicator of future results
Entry Signals: Trendline breaks can serve as entry signals, especially when used on multiple timeframes. A break above a downtrend line on a lower timeframe, in-line with a bigger picture uptrend could create an attractive buying opportunity. The inverse is true with a break below an ascending trendline on a lower timeframe.
Past performance is not a reliable indicator of future results
Exit Signals: Trendline breaks can serve as exit signals. A break below an uptrend line or multiple uptrend lines in a trendline fan might indicate a potential reversal and an exit point.
Past performance is not a reliable indicator of future results
Summary:
The simple elegance of trendlines makes them an indispensable tool in technical analysis. Their straightforward nature belies the depth of information they can provide, making them accessible yet useful. By mastering the basics of drawing and interpreting trendlines, traders can gain a clearer understanding of market trends and make more informed trading decisions.
As we continue our Brilliant Basics series, stay tuned for Part 2, where we will explore support and resistance levels. Understanding this fundamental concept will further enhance your ability to identify potential reversal zones.
Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents.
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☄️ SEC GREENLIGHTS ETHEREUM ETF'S! HISTORIC ☄️☄️ Crazy development today as we now know that the SEC has officially greenlit ETF's for Ethereum in a widely anticipated move, helping to further bolster and boost crypto's foothold and position in the financial world, giving many a confidence boost in crypto and helping to set the stage for the role that cryptocurrencies will come to play in the next few years for not one, but many.
☄️ Retail investors and whale's have been waiting to see what the SEC would ultimately decide in it's decision on whether or not to approve ETF's for Ethereum, much like what we've already seen in the last few months with the SEC also approving ETF's for Bitcoin setting the stage for others to enter the crypto space such as Blackrock which itself has seen record Bitcoin inflows this month, even hitting a 6 week high as highlighted in the article linked below:
cointelegraph.com
☄️ That being said as we can see by the chart linked below, Ethereum whales and retail investors alike, took the news well and we can see just how much of a jump we've gotten since then.
☄️ It's a crazy jump, even with the news considered. I mean price jumped from $3100 to $3,700 like nothing even managing to hit $3,900, it's unprecedented but something we'll gladly take, especially after this news it's the kind of positive reaction we like to see.
☄️ Everything considered, the next few days will be pretty pivotal as we'll undoubtedly face retest and traders will be watching things intensely to see whether or not we can break up further or if we'll retrace and get a reversal. Personally I see us retracing, after an impulse move up we almost always see some sort of reversal or retracement. We'll see this battle the next few days as many seek to close positions and take profit while many others in turn will be buying whether it be for FOMO Or in anticipation, hope for prices to move up higher.
☄️ I can see that happening though again, we have had a literal 25% jump from 3100, you don't see that kind of jump everyday, let alone at all in some cases, below I've added two lines to display this ascending channel we've got:
☄️ Personally, I can see this being the make or break it for traders, long as we keep within the channel things are bullish overall but if we fall below and out of the channel then we'll likely drop, retrace and face losing that 200 EMA by which then we'd risk falling even further so I'd definitely keep an eye out for those things and a likely retracement, especially after this impulse wave.
☄️ I just wanted to make a quick post, this has been a historic move and I'm glad I've been able to take part and be here for such an event, I've added a link to an article on the greenlight below as well for reference. Thanks for tuning in and blessing's, here's to a bright future for crypto. 🥂
www.ft.com
~ Rock '
Why longer term charts are importantI took a look at the weekly gold/silver ratio and noticed a few significant patterns. For example, there was a notable acceleration downward following the break of a 3-year uptrend a couple of weeks ago. Additionally, there is support at the 74.65/63 level, which has been in place since January 2022.
This observation reminded me of the importance of examining long-term charts, regardless of your trading time frame. Longer-term charts provide essential context and clarity that short-term charts often lack.
Why everyone should be looking at longer term charts:
1. Identifying Trends
Long-term charts help in identifying significant trends that might not be visible in short-term data.
2. Smoothing Out Volatility
Short-term data is often noisy, with frequent fluctuations that can obscure the underlying pattern. Long-term charts smooth out this volatility, providing a clearer picture of the fundamental movement and reducing the influence of random, short-term events.
3. Contextualizing Current Movements
Long-term charts place current price or economic movements in a broader context. This helps investors and analysts understand whether a recent change is part of a larger trend or not.
4. Historical Comparisons
These charts allow for comparisons with past periods, making it possible to identify cycles, recurring patterns, and historical precedents. This historical perspective can be invaluable for forecasting future movements and making informed predictions.
5. Assessing Risk and Reward
By examining long-term performance, investors can better assess the potential risks and rewards of an investment. Understanding how an asset has performed over various market cycles helps in evaluating its stability and growth potential.
6. Avoiding Emotional Bias
Short-term market movements can evoke strong emotional responses, leading to impulsive decisions. Long-term charts provide a more detached view, helping investors stay focused on long-term objectives and avoid reacting to short-term market noise.
Conclusion
In summary, long-term charts offer a comprehensive view that is critical for understanding trends, reducing noise, contextualizing current events, making historical comparisons, assessing risk, avoiding emotional decisions, developing strategies, and analysing economic cycles. They are an indispensable tool for anyone involved in financial markets or economic analysis, providing the clarity and perspective necessary for informed decision-making.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
GME Gamestop Technical Analysis and Trade IdeaIn a recent video, I covered a trade idea prior to the Gamestop (GME) bull rally. Since then, we’ve observed a significant bearish movement. I’m closely monitoring the current price level for another potential buying opportunity, provided that price action aligns with my analysis from the video. The market is currently moving sideways, and if we wait for increased volatility above and below the range, we might be able to capitalize on a bullish trend by entering a break re-test and fail of the range on the 15-minute chart if we see higher highs/lows forming.
The video covers critical elements, including trend analysis, price action insights, market structure, and a potential trade setup. Always exercise prudent risk management when trading, and keep in mind that this information is purely educational and not financial advice. 🚀📊
Bitcoin - New all time high soon! (Follow this channel)Bitcoin is breaking out of the bear market structure and creating a new uptrend that will lead to an all-time high! This thesis is supported by the fact that after the halving event, Bitcoin always goes up (statistically, 100% probability). The halving event took place 1 month ago and cut the reward for mines by half. It's recommended to trade with the trend to increase the probability of success in your trades.
From a technical perspective, Bitcoin has been moving in the ascending parallel channel, so you can definitely take advantage of that and buy/sell Bitcoin at the upward sloping trendlines! With TradingView, you can set an alert, and when it hits, you will get notified.
What are the resistances on the way up? As I mentioned, the upward-sloping trendline of the parallel ascending channel is the first one. The second one is the FAIR VALUE GAP (FVGAP) which was created in April 2024. Usually, the start of the GAP and the end of the GAP are strong levels by themselves. You can use these levels for your short-term trades with leverage. These resistances Bitcoin needs to break before a continuation to a new all-time high; I don't see any other significant levels worth mentioning. Always choose the strongest levels to increase the probability of success.
I am bullish on Bitcoin, and I believe we will see prices above 100k in Q3/Q4 2024. Let me know in the comment section - are you still waiting for a big crash to buy the dip? Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Bitcoin BTC price + CPI US 15.05 will stir up the marketHere is a chart of #BTCUSDT on the 12-hour timeframe.
At first glance, it looks nothing special: a prolonged consolidation on falling trading volumes, everything is natural and natural.
But tomorrow, at 15.05 at lunchtime with the close of the 12hr candlestick, everything can change.
Tomorrow is the announcement of the "fresh" US CPI rate.
Forecast: inflation will decrease from 3.5% to 3.4%.
Declining inflation = a good signal for the growth of financial markets.
But the tweet from Mr. Biden adds some "spice".
President Biden: wants to give new home buyers $400 per month for 2 years to help people with housing.
This is either a pre-election promise or a good opportunity to start the “printing press”
And now for a bit of conspiracy theorizing:
Let's assume for a moment that Biden knows a little more than we do. And tomorrow it will be announced that inflation has fallen not to 3.4% but to 3.2% or even 3%.
This will definitely cause a powerful surge and growth in the market.
The last thing that comes to mind is how massively $ were printed and distributed in the spring of 2020 as financial aid during COVID-19.
Do you remember how the crypto market grew then in 20\21 from an additional portion of “retail's crazy money”?)
So where do you think the CRYPTOCAP:BTC price will go in 24 hours?
👍 towards $71000
👎🏿 towards $56500
GameStop Stock Evokes Dreams of Rocket Ships and Diamond HandsShares of the video game store tested retail traders’ survival skills. But the meme stock madness also bamboozled the pros.
In the span of just a few regular trading sessions, with some stomach-churning pre-market action in between, GameStop once again made headlines. Roughly three years ago, Keith Gill — known as “Roaring Kitty” on the internet (mostly Reddit) — triggered a huge rally in the shares of a little known video game retailer called GameStop NYSE:GME .
The Hidden Gem
Roaring Kitty took a big long position in GameStop for his belief that it was a company with a lot of potential. And at the same time, he blamed the big bad hedge funds for keeping a lid on share-price growth by shorting the living thing out of it.
Mr Kitty’s thesis caught the attention of fellow retail traders on Reddit’s r/WallStreetBets chat board, a place where self-described “degens” exchange fast-churning trading ideas. Soon after, shares were flying high, riding on gains of more than 2,000%. GameStop was set free and institutional investors got smoked.
These were the good old days of speculative pumps and the absolute power of like-minded individuals seeking the thrill of quick profit and adrenaline rush. And — it seems — we’re back at it again with the meme stock corner going fully bananas.
Roaring Comeback
Roaring Kitty’s X account switched the lights on after three years of silence. In a rather vague post, he published a drawing of a man leaning forward . Boy, did that get understood in all the possible ways. Shares took off by as much as 75% a day after that post went live. A breakneck rally went on for a few more days, evoking dreams of rocket ships and diamond hands.
A week later, none of that is there anymore. Shares are not only back where they were before the surge — they’re doing worse. The rollercoaster ride lifted the stock from $20 on Monday to $80 on Tuesday, a 300% pop per share.
By Friday, shares had briefly dipped below $20, pulling off a boomerang move and erasing 75% from the stock’s weekly peak.
And, this is how GameStop tricked retail investors into believing that this the GameStop rally 2.0. But, before that, it smacked professionals with huge losses on the way up.
Same Old, Same Old
Professional money managers had borrowed about 30% of all shares outstanding for — you guessed it — shorting purposes. The thing with shorting a stock, i.e. profiting from its decline, is that if you’re wrong, you can be wrong until your account is wiped out because shares could rise indefinitely.
GameStop short sellers were ironed out. They lost more than $2 billion in just two days, according to data analytics firm S3 Partners.
“After being down $862 million in mark-to-market losses yesterday, NYSE:GME shorts are down another $1.36 billion in mark-to-market losses today,” S3 Partners’ Managing Director Ihor Dusaniwsky commented on X .
If only there was some similar experience in recent history that would inform hedge funds:
Not to bet on a red-hot stock, popular among the retail crowds, because you’ll get burned if they come after you with a short squeeze.
Not to bet on a red-hot stock that’s thinly traded, because you won’t be able to easily get rid of your short position that’s draining your funds.
After all, they did make a movie ( “Dumb Money” ) about shorting GameStop. Yet, “smart money” did it again. Professional hedge funders weren’t the only ones to get knocked.
What Goes Up Must Come Down
The retail trading army on Reddit and X lost some serious cash, too. Just when shares were going in the other direction. Redditors on r/WallStreetBets initially cheered the first rays of the powerful upside swing. This sparked hopes of a revival before these same guys started flooding the board with screenshots of mounting losses as shares were nosediving.
What Happened and Why the Fast About-Face?
Other than the super frothy state of the highly inflated stock, what helped shares come back to earth was GameStop’s securities filing to sell some equity. Apparently, the C-suite of the video game store figured they could ride out the surge and issue up to 45 million shares that would dilute the number of existing shares by as much as 15%.
In another price-damaging filing , GameStop said that it expects net sales for the current quarter to land between $872 million and $892 million. The forecast is well below last year’s $1.237 billion and the consensus views for $1.045 billion.
With that said, GameStop shares are still in the green for the year, following the head-spinning trip to the moon and back. So, until next time?
We Want to Hear from You!
Let us know about your experience with that volatile beast! Do you own shares, when did you buy, and are you optimistic about the future of GameStop?
Trapped traders provides a great Short opportunity on DOW The plan for the session was to trade short off resistance on the DOW after an initial opening drive higher. The short side was the play and paid out nicely for patient sellers.
In the video I talk through the key Price Action for the move and prime trade areas on the DOW Index.
ANY QUESTIONS, JUST LEAVE IN THE COMMENTS !!
** If you like the content then take a look at the profile to get more ideas and learning material **
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Bitcoin: 64K Test For New Longs.Bitcoin has followed my anticipated scenario nicely over the recent two weeks (it doesn't always agree). As I have written in my previous two articles, the 64K and 68K resistance areas are potential take profit zones, NOT locations to put on more risk. Price action appears to be confirming that and is attempting to retrace off the 66K area minor resistance (See upper arrow). While this price action appears to be bearish it must be considered in light of the broader structure.
Since the March peak, Bitcoin has been in consolidation mode (upon completion of 5 waves). This structure represents a broader HIGHER LOW with 56K established as the bottom of the range. This implies that the broader trend continues to be BULLISH even though recent price action has yet to push major resistances. This is a key piece of context because it helps to shape risk and profit potential for the near future.
How you navigate this will depend on your risk tolerance and trade style but no matter how you look at it, current prices are unattractive for longs on most time horizons in my opinion. The scenario I anticipate this week (see illustration) is a minor retrace to 64K (old resistance/new support) followed by a momentum continuation into the 70K resistance. If a long confirmation appears (Trade Scanner Pro), this can play out well for traders on shorter time horizons.
While I am optimistic in this regard, I also consider that price CAN break 64K and test 60K again. There is NO way to forecast how the market will behave, ESPECIALLY the longer the time horizon.
Managing risk and capitalizing on movements EFFECTIVELY requires knowing how to evaluate market structure in order to stack probabilities. Based on this context if I can determine the trend is bullish for example, I can estimate that supports have a greater than 50% chance of staying intact. I can also expect long signals to have greater than 50% chance of generating some amount of profit, but there is no way to anticipate how much exactly (markets are MOSTLY RANDOM).
Adjusting to price action and looking for signal conflicts or using a trailing stop helps to improve decision making in such an environment. If you get stuck on ideas, cling to hope or consume too much internet, you will soon learn how ineffective this is. The market is a great teacher but the lessons are often VERY EXPENSIVE.
Thank you for considering my analysis and perspective.
Want to spot a turning point in trend before it happens?Want to spot a turning point in trend before it happens? Use Elliott wave parallel channel
This chart shows the GBP/JPY currency pair using monthly candlesticks. The advance from Sep 2011 to June 2015 can be labeled as an impulse wave (A). From that high, the pair declined in three waves labeled as wave (B) of a Zigzag A-B-C correction with an expanding diagonal characteristic in the C wave position.
As a rule, in a Zigzag rally, wave B notably terminates above the origin of wave A. When wave (C) advance of a zigzag rally is in operation, we can forecast where wave (C) might end.
We can use Elliott wave channel projection by connecting the origin of wave (A) with the end of wave (B) and then drawing a parallel line from the end of wave (A). As a guideline, the resulting channel gives us a potential target for the wave (C) endpoint.
Moreover, we can also use ratio analysis to improve the odds. As a guideline, in Zigzag formations, wave (C) commonly ends after traveling the same length as wave (A). Observe this level corresponds with the Elliott wave channel projection.
This cluster of evidence hints at wave (C) advance from Mar 2020 is in late stages and that prices are approaching a major top.
