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Linked'In for some gains?Link has been known to go its own way during the last bear market so we may see some similiar price action from the 'chain with the link' moving deeper into this brutal bear market in 2023. LINKUSD has been moving around a sideways channel for a few weeks, with the next few days showing if we bounce or break through to the downside. If we do break lower we have 2020 resistance level at $4.88 which may provide some support. Also a downward trend line which may also see a bounce to the upside. All we can do now is wait to see what the intraday fiends intend to do. Not financial advise, so its not
KRAKEN:LINKUSD
by BringTheFingerBack
2
Mummy Finance (MMY) Long mega potentialHello all perpetual lovers, this one is for you?! And it’s a risky one - Mummy Finance (MMY)…. but Mummy Finance checks all the boxes for potential exponential growth (as I see it). This perpetual exchange lives on Fantom network. I think many traders on Fantom network (including me) are waiting for a great perpetual Exchange - and here it is!? Mummy Finance is a fork of extremely popular GMX exchange (Arbitrum network). The look and feel is great and everything about Mummy gives me smell of success - no financial advice. When it comes to TA, we have almost no historical data. We can see a big explosion in price the last days. But I really don’t think the potential future exponential growing is priced in….All things considered increased traffic on homepage/twitter, trending volume, NFTs, staking possibilities isn't priced in. The most impressive key indicator is the revenue. $346,399 Dec 21st. Over 100K last 4 days!!! If a it comes a big pull back, I really think it could be a good time to take a small bet. But please do your own research!
MLong
by TaTaTaCrypto
Bitcoin Long Term Investment - 5 Years (LONG)Our aim is to maximize the performance of the widely-spread ad-hoc crypto asset, Bitcoin, which began its circulation on January 12, 2009. Considering the performance of the asset over the past 14 years, we have concluded that it has immense potential and stability as a long-term investment instrument. We have conducted a comprehensive technical analysis of the asset, taking into account current global circumstances, financial data regarding current monetary policies, and future forecasts from market experts. We expect that by January 12, 2028, the price of Bitcoin will have broken the $842,172 mark, constituting a 4623% rise from today's current market price of $18,217. Despite the majority view, we expect the upcoming CPI announcement to produce a sharp bullish momentum in the Bitcoin asset. docs.google.com
Long
by wikitrades
using CPI & CLAIMS data as TRADE CONFLUENCE!Really tricky market to make sense of right now because of how last weeks data (stronger job market - confirmed by NFP) was disregarded. This could mean: 1. Either they were beginning to lay a trap (current moves will reverse) 2. The market genuinely doesn't care because it expects claims to eventually pick up with a vengeance Here's what I think: CPI has been cooling due to lower Oil price and higher interest rates (housing is a big component of CPI). Lower CPI shouldn't be a shock to anyone and is likely already priced in. For this reason, I think what matters most right now is what the Fed is focused on: SERVICES (wage) inflation and this is why I believe the main focus tomorrow is likely to be the services component of CPI and the CLAIMS data. I think tomorrow's news is already priced in and we're likely to see a reversal in XAU.
OANDA:XAUUSDShort
by XAUSpeculator
2
Timing XAU shorts with Economic Calendar Event!Here is what’s happening with GOLD right now (macro view) : 1. After aggressive rate hikes by all governments, we’re now nearly guaranteed to enter a GLOBAL recession 2. During a recession, people lose jobs which means companies lose customers and hence their earnings fall 3. All of this is happening at a time when the interest payments are now at the highest level they’ve been in decades When customers can’t pay their loans + companies can’t pay their loans = governments in turn can’t pay off their loans because of the depressed tax revenue from domestic consumption and business activity. This is what’s driving gold higher; the risk of a sovereign (government) debt crisis. For the most part, developing nations will be hardest hit because they were already poor in terms of currency strength, GDP and they have a heavy debt load going into this higher rate environment. Since over 70% of the world's debt is in USD, countries have to buy USD to pay back their creditors. For this reason I expect the DXY (dollar index) rally from 2021 to pick back up later this year. Even though we normally see DXY and XAU as inversely correlated, in this kind of environment we could see both of them rallying together as some countries scramble to buy USD to pay their loans and other countries scramble to buy XAU as an insurance policy. But this doesn't mean it's going to be a one way ride higher for XAU. There will still be profit taking and re-buying which is why we are currently looking for signs to get short on the "profit taking" phase. Expecting Yields and DXY to reverse higher this week. This will be the catalyst to the larger selloff in XAU.
OANDA:XAUUSDShort
by XAUSpeculator
1
Don-Key Finance after the XRP win and BTC halving My thoughts on Don-Key Finance after the possible 2023 XRP win and BTC 2024 halving. This is of course all speculative and not financial advice as everyone should do their own due diligence on any digital asset whether it is a DEFI or other type of platform asset. Defi is not going away and so far Don is still very much alive and already down a whopping 100%. Many would be terrified at these prices but these are the entry points that can offer the best crypto returns given the platform's success. The XRP outcome along with the Bitcoin halving could bring the Bull run we are all expecting within a certain time frame. The final date for summary judgment with Ripple is the end of March unless this is moved. The BTC halving should come on April 12th, 2024. Both of these dates could bring another level to the crypto markets that catapult many projects to new highs.
D
by altcoinb
2
Fundamental & Technical | BTC📉Bitcoin is currently testing a decisive resistance line (Zone 2). Current existing factors influencing financial markets: * Decreasing investors confidence 1. The continuance of recession-indicating economic reports - A recession is expected (lastest FED + inflation rate reports) 2. Further war escalations - Russia defaulting, economic allies are changing and higher % of GDP devoted in military sector. 3. Political uncertainty - Boris Johnson resigning(UK)... 4. Natural diseases + disasters - Covid 3rd/4th waves, extreme hot weather 1. FED Interest Rate decision on to be posted @ 18:00 on 2022-07-27. Current inflation reads at 9.1 (2022-07-13), beating the consensus (expected) inflation (8.8). There is currently a lot of uncertainty over financial asset valuation. Worse economic statistics than predicted will likely imply our volatile digital assets will drop heavily once the interest rate decision is out(and if its hawkish). 2. Japan warns over Chinese and Russian increasing cooperation (economic & military). Rising concerns for investors: - Increasing number of involved countries (alliances) - Lasting severity of war donations - Rising war spending (2.5% of total GDP increase in UK) 3. Depending on the UK's new PM outcome, the country's fiscal(tax) policies may be on each extreme. The candidates: * Rishi Sunak vowing to increase taxes * Penny Mordaunt would raise income tax thresholds for basic and middle-income earners. (Lowering tax revenue) * Foreign Secretary Liz Truss mentions creating ''low tax, low regulation zones''. (Lowering tax rates) 4. Covid + Heat waves - Extreme heat waves in Europe affecting productivity, trade, currency valuations and etc. - Currently, Covid waves have a greater impact on LEDCs. Corruption, poor infrastructure, worse weather control(worsening symptoms severity) and fake vaccine passports may all contribute towards this fact. Thereby, I believe a drop will occur to satisfy the market changes within the zone 2. Risk/rewards ratio: 3.23 Open Short: 265.75M Take Profit: 173.17M Stop Loss: 293.74 Note: the graph is BTC/Gold. I will be posting an explanation for it's utility Thanks for your time! San:)
CRYPTOCAP:BTCShort
by Sanzhar_m
DAX: Push itIt's not a struggle for the German index! The DAX index used all its willpower to find its way up and pushed all the way to climb above the resistance at 13 970 points. We're currently observing an upwards slope that should steadily move into the pink zone between 14 346 - 14 687 points. As soon as the blue wave completes its movement, the trend should turn into a downwards slope heading to the resistance at 13 970 points. If the DAX can't keep its upwards trend going, there's a 35% chance for the trend to cross the support at 13 036 and drop below 11 829 points into the green zone. We'll keep you posted on whether the DAX can keep up with its hard work or if it slams on the brakes.
EUREX:FDAX1!
by MarketIntel
1