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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.
NASDAQ:NVDA
by TradingView
21
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.
CME:MBT1!Short
by mintdotfinance
7
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
ILong
by PukaCharts
4
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$
NASDAQ:NVDA
by ElliottWaveBelgium
17
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
CRYPTO:DOGEUSDLong
by Crypto_Kinfolk
14
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.
EIGHTCAP:XAUUSD
by darcsherry
26
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. 🚀💥
NYSE:GME
by Mike_SnD
14
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
Long
by paul_endeo
36
SPY Fibonacci Price Theory And BreakOut BarsThis instructional video teaches you the basics of Fibonacci Price Theory in conjunction with Breakout Bars and how price is the ultimate indicator. Throughout this video, I try to provide instruction on key elements related to the Fibonacci Price Theory (Unique & Standout Highs/Lows). Additionally, I've also included Breakout Bars and Fibonacci Price Retracement concepts. What I really hope you learn from this video is to see price as the true ultimate indicator for your trading decisions. Using technical analysis techniques is fine, but use price as the key element when trying to confirm or reject your trading ideas. I hope this helps you understand that price, action, and reaction through trends, peaks, and troughs are the most important components of the chart. Everything else is peripheral.
AMEX:SPYEducation
by BradMatheny
3
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!
NASDAQ:CMEEducation
by TradingView
36
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.
INDEX:BTCUSD
by pasojov
23
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.
Short
by KABHI_TA_TRADING
19
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🎯
Long
by ceciliones
157
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. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:USOILLong
by FXCM
8
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
TVC:RUTShort
by konhow
10
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!
BINANCE:ADAUSDEducation
by trading_jupiter
9
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
CRYPTO:XLMUSDLong
by EXCAVO
58
🔔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.
Short
by pejman_zwin
42
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!
SP:SPX
by TradingView
9