Daily Analysis of Gold Ounce to USD – Issue 235The analyst believes that the price of { XAUUSD } will decrease in the next 24 hours. This prediction is based on quantitative analysis of the price trend.
Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
Fundamental Analysis
GBP/USD: Market Sentiment and the Road Ahead for the PoundFollowing up on our previous analysis of GBP/USD, it has been a tumultuous week for the Pound, which experienced significant declines on Wednesday and Thursday. Although GBP/USD managed a brief correction higher on Friday, it ultimately closed the week in negative territory. At the time of writing, the pair is in a consolidation phase, trading below the 1.2545 mark.
The sharp drop in GBP/USD can be attributed to the Federal Reserve's (Fed) hawkish dot plot, coupled with the Bank of England's relatively dovish stance after its final policy meeting of the year. This combination led to a notable downturn in the currency pair. However, as we approached the weekend, a more positive shift in market sentiment emerged due to the US Congress successfully averting a government shutdown, which caused the US Dollar (USD) to weaken against its peers. This turn of events allowed GBP/USD to recover some of its earlier losses.
From a technical analysis perspective, we are anticipating continued bearish momentum for the Pound against the USD as we approach the next demand zone.
Previous Idea:
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XAUUSD - Gold will welcome the holidays?!Gold is located between EMA200 and EMA50 in the 1-hour time frame and is trading in its short-term ascending channel. In case of a valid failure of the bottom of the channel, we can see the continuation of gold's decline and seeing the demand zone. Within the demand range of demand, we can buy with a suitable risk reward. If the upward movement continues, gold can be sold in the supply zone.
Without a doubt, 2024 has been the year of the US dollar. While high inflation continued to spread across Europe and other parts of the world in 2023, the Federal Reserve reported progress in controlling price growth. Similar to last year, other central banks have been more proactive in reducing interest rates, but the slow pace of inflation containment has delayed the Federal Reserve’s rate-cutting process.
Federal Reserve officials now anticipate only two 0.25% interest rate cuts in 2025. As a result, it is expected that the Federal Reserve will maintain a tighter monetary stance compared to other major central banks, except for the Bank of Japan, which is currently increasing its interest rates.
This decision follows previous rate cuts implemented earlier this year, including a 50-basis-point reduction in September and a 25-basis-point cut in November. Overall, these measures have resulted in a full 1% decrease in the benchmark rate, signaling a shift in the Federal Reserve’s approach to the current economic environment.
By lowering interest rates, the Federal Reserve aims to stimulate consumption while continuing to monitor inflationary pressures. Although these pressures have generally subsided, they have slightly risen in recent months. Nonetheless, the decision to reduce rates could benefit borrowers by lowering consumer interest rates, making it more affordable to buy homes, secure personal loans, or borrow funds in other areas. However, the implications extend beyond lending.
Adjustments to the Federal Reserve’s interest rates could create a complex environment for investors, particularly those drawn to traditional safe-haven assets like gold. Historically, the relationship between interest rates and gold prices has been inversely proportional. Lower rates typically increase gold valuations, as the reduced cost of holding non-yielding assets like gold makes it more appealing, thereby driving up demand and prices.
However, it is crucial to understand that the impact of interest rate decisions on gold prices operates within a broader network of interconnected factors beyond monetary policy. For investors considering adding gold to their portfolios, understanding this broader context is essential.
In addition to Federal Reserve policies, one key driver of the gold market is central bank purchases, particularly by emerging economies seeking to diversify their reserves. These purchases have recently reached historic levels, providing substantial support for gold prices. Global trade tensions, supply chain disruptions, and evolving industrial demand—especially from technology and renewable energy sectors—also add layers of complexity to the gold market.
In the first quarter of this year, India’s central bank recorded a net purchase of 77 tons of gold, followed by Turkey’s central bank with 72 tons, increasing the share of gold in its foreign reserves to 34%. Poland, with a purchase of 69 tons, was the third-largest buyer, while China, traditionally the largest gold buyer in recent years, ranked fourth with less than 30 tons.
BlackRock, the world’s largest asset manager, has predicted in its 2025 global outlook report that the coming year will be marked by increased geopolitical fragmentation and the formation of rival economic and political blocs. These developments are likely to accelerate the trend of de-dollarization and bolster gold purchases.
Moreover, the strength of the US dollar continues to play a crucial role in gold pricing. However, factors such as relative economic growth rates, trade balances, and international capital flows can overshadow this influence.For instance, the dollar may strengthen if major economies face significant challenges or if investors seek safe-haven currencies during market turmoil—even in a rate-cut environment.
Inflation expectations also strongly influence the gold market. While moderate inflation typically supports gold as a store of value, extreme inflation may shift investment patterns, potentially reducing demand if other assets offer higher returns. Changes in consumer demand, particularly from major gold-buying countries, can also impact prices. Additionally, seasonal trends, such as increased gold purchases during festivals or weddings in these countries, may contribute to price fluctuations.
Finally, US President Joe Biden signed a budget bill that will fund the government until mid-March next year, preventing a year-end shutdown. This legislation, recently approved by both the House of Representatives and the Senate, ensures government operations continue until the beginning of Donald Trump’s presidency next year.
US Nas 100Hello everyone, dear traders! I am Fereydoon Bahrami, a trader and market analyst focused on Forex. Today, we will conduct an in-depth analysis of the NAS 100U chart and review our insights
NAS 100U Chart Analysis
Greetings and best wishes to you all. Based on our analysis today, we have received confirmation of a bullish trend in the 4-hour timeframe. In this analysis, the price has reached and established a short-term peak within the 4-hour chart. Following a pullback to accumulate liquidity, we can anticipate a potential price increase towards the specified target on the chart. This represents our first entry point, which I have indicated on the chart.
However, should the **Order Block Decisional** prove ineffective, I will revise the selling strategy and share it with you. Additionally, I have identified another **Order Block Extreme**. If this Order Block fails and we implement the selling strategy, once we receive confirmation in this zone, we will re-enter a buying position. Furthermore, the price targets (Take Profit levels) have been established using Fibonacci retracement levels; it is essential that if we enter a trade, we maintain it until we achieve the designated target.
Fundamental Analysis for the Week (December 16 to December 22, 2024)
To enhance the accuracy of our analysis, let’s highlight the fundamental factors that have impacted the market over the past week:
1. **Non-Farm Payroll (NFP) Report**: On Friday, December 20, 2024, the NFP report was released, indicating a drop in the unemployment rate to 4% along with an increase in the number of new jobs created, exceeding expectations. This positive data serves as a potential macroeconomic indicator of growth in the U.S. economy, which could bolster NAS 100U.
2. **Inflation Data**: On December 18, data regarding the Consumer Price Index (CPI) was released, showing a 0.3% increase from the previous month. This has raised concerns regarding a potential interest rate hike by the Federal Reserve. If this trend persists, it could exert pressure on the markets.
3. **Federal Reserve Signals**: Recent comments from Federal Reserve officials hinted at the possibility of an interest rate increase in the upcoming meeting, which may positively influence financial markets. Such developments can lead to increased volatility and prompt investors to closely analyze the status of NAS 100U and other indices.
4. **Global Economic Influences**: In the past week, global markets have been affected by geopolitical tensions in the Middle East and trade disputes with China. The economic and political decisions made by major world powers have had a significant impact on NAS 100U and other U.S. indices, leading to market fluctuations.
Scenarios
Now, we can summarize our three scenarios as follows:
1. **Bullish Scenario**: With the price stabilization at the short-term peak and a pullback for liquidity accumulation, we expect the price to rise toward the target identified on the chart. This represents our first entry point.
2. **Selling Scenario**: If **Order Block Decisional** fails, we will update our selling entry strategy and will enter a trade upon confirmation.
3. **Re-buy Scenario**: If **Order Block Extreme** is validated in a specific region, we can re-enter a buying position. It is crucial to emphasize maintaining the trade until we reach the targets outlined by Fibonacci levels.
By considering these analyses alongside the fundamental news, we aim to assist you in making informed trading decisions. Join us as we embark on this pathway to mutual success. Thank you!
Fereydoon Bahrami
"A retail trader in the Wall Street trading Center (Forex)."
Bitcoin's Struggles Persist as Market Faces Continued Downturn.Bitcoin’s struggles continue as the asset fails to initiate a notable recovery, with its price hovering around $96,000. The cryptocurrency market, known for its volatility, has seen significant fluctuations over the past week, impacting both Bitcoin and altcoins.
Bitcoin's Recent Performance
Last Monday and Tuesday, Bitcoin posted fresh gains, surging above $108,000 to mark its latest all-time high. However, the landscape shifted dramatically following the latest Federal Open Market Committee (FOMC) meeting on Wednesday evening. Bitcoin reacted with an immediate price drop to under $100,000, signalling the start of a downward trend.
The sell-off intensified over the subsequent days, culminating in a sharp decline to $92,000 by Friday. Although Bitcoin managed to halt its freefall and briefly recovered to over $99,000 on Saturday morning, the relief was short-lived. By Sunday, Bitcoin's price had fallen back to $96,000, where it remains currently.
Market Dynamics and Influencing Factors
Several factors could influence Bitcoin's price in the coming week:
Regulatory Developments: Any new regulations or policy changes affecting cryptocurrencies could impact market sentiment.
Macroeconomic Indicators: Data on inflation, interest rates, and economic growth can influence investor behaviour in the crypto market.
Market Sentiment: The overall sentiment among retail and institutional investors plays a crucial role in price movements.
For now, Bitcoin’s market cap stands at $1.9 trillion, with its dominance over altcoins just shy of 55%.
Altcoins in Similar State
Altcoins have mirrored Bitcoin's struggles, experiencing similar or even more severe declines in recent days. Major altcoins like XRP, ADA, AVAX, SHIB, DOGE, and ETH have all remained in the red. Over the past day, DOT, XLM, SUI, and APT have also registered further declines.
One notable exception among the larger-cap altcoins is AAVE, which has bucked the trend with a significant price surge. The asset has gained roughly 10%, now sitting at $340 amid the broader market correction.
Market Overview
The cumulative market capitalization of all crypto assets has dropped to $3.460 trillion, reflecting the broader market downturn. Despite the current challenges, the resilience of the cryptocurrency market suggests that recovery could be on the horizon once the influencing factors stabilize.
As we move into the new trading week, traders and investors should remain vigilant, keeping an eye on key economic indicators and market sentiment. The coming days will be critical in determining whether Bitcoin and the broader crypto market can regain their footing and initiate a recovery.
US100 Trade LogUS100 has reached the daily FVG , providing a short setup at the 0.5 level with at least "1:2 RRR" and 1% risk.
Any fill above the midpoint is ideal, aiming for a correction into the weekly Kijun .
Recent Fed hawkishness, softening global growth, and tightening liquidity support a downside move. Stops go just above the FVG high; ride the drop toward weekly support.
Merrry ChristmaXXauuuTo continue providing you with free value, I need your support. A simple like and follow from you means the world to me and makes a huge difference to my work.
🔥 Happy Monday, everyone! 🔥
🎄The Christmas week is about to begin🎄 I’ll keep posting but will take a break from live sessions.
❤️ I wish you all a 🎄 Merry Christmas 🎄 – spend it with your loved ones and recharge your energy.
And remember: don’t throw away all the hard work you’ve done so far! Avoid being influenced by a market that, due to the year-end closure and the holidays, might be unreliable.
| GOLD ANALYSIS |
Short-term structures for our colleague Gold remain bearish.
I’ll stay short from interesting levels.
The long-term macro perspective is still bullish, but there are currently no conditions to consider significant re-entries.
Potential levels are lower, so the key areas I’ll focus on are as follows: .
As usual, we’ll meet live at 2:30 PM. I avoid trading during the Asian and London sessions, preferring to wait for the 2:30 PM news and the New York open.
In the meantime, I wish you a great day.
We’ll continue sharing analyses and holding live sessions on TradingView.
For any questions, doubts, or requests, feel free to comment or message me!
I’ll be happy to reply.
- HAPPY TRADING
- MANAGE YOUR RISK
- BE PATIENT
Copper Set to Rally: Bullish Setup with Massive Upside PotentialCopper is holding firmly at a key support level and poised for a potential breakout. The combination of bullish macroeconomic factors and tightening supply suggests significant upside potential.
China’s Growth Push:
Chinese leaders are targeting 5% annual growth in 2025, with plans to boost domestic consumption and infrastructure spending, key drivers of copper demand.
Robust Demand Drivers:
Industries like EVs, power grids, and air conditioning continue to drive structural demand for copper, aligning with the global shift toward electrification and renewable energy.
Supply Challenges:
Multi-month low inventories in Shanghai warehouses signal tight supply conditions.
Peru’s flat output and Chinese smelter profitability issues add further pressure to global supply.
With these factors converging, copper prices are primed for a bullish move from current levels.
Trade Setup
TP1: $4.3498
TP2: $4.6347
TP3: $5.000
Stop Loss: $3.8622
This trade setup offers an excellent risk-to-reward ratio, with tightening supply and robust demand creating a solid foundation for bullish momentum.
DAILY OUTLOOK FOR GOLD: 1H ANALYSISHello everyone.
For today's trading idea, I have mentioned the levels from which you can trade. OANDA:XAUUSD seems bullish in long term trend.
BUY: 2618/2616
SELL: 2638 & 2652.
I'll be updating the idea and will let you know about recent market changes. So boost and share your thoughts in comments section of this
idea.
Fundamental Market Analysis for December 23, 2024 USDJPYDoubts about the Bank of Japan's rate hike plan and widening yield differential between the US and Japan put pressure on the yen.
Traders are expecting a short-term boost from the US consumer confidence index, which will be released on Monday.
The Japanese yen (JPY) starts the new week on a softer note and remains a short distance from the five-month low reached on Friday against its U.S. counterpart. Doubts over when the Bank of Japan (BoJ) will raise interest rates again have proven to be a key factor weighing on the JPY. In addition, the recent widening of the yield differential between the US and Japan, backed by the Federal Reserve's (BoJ) tightening stance, is undermining the low-yielding JPY.
Added to this, the overall positive tone in equity markets is reducing demand for the safe-haven yen. Meanwhile, strong inflation data released in Japan on Friday left room for a potential BoJ rate hike in January or March. This, along with subdued US Dollar (USD) price action, did not help the USD/JPY pair to realize upside potential in the Asian session in the absence of any fundamental catalyst.
Trade recommendation: Watch the level of 156.00, when fixing below consider Sell positions, when rebounding consider Buy positions.
TEMPORARY SELLS ON NASDAQGood day traders, today we have beautiful market structure on Nasdaq as you can see on the 15m timeframe the market gave us a bearish market structure shift after reaching the FVG on the right, we are in the london killzone i am looking for this market to trade down to the level @21098.7 so that I can execute my buys(long term positions) so do not worry if you missed the perfect entry on this one, there will be more during the day.currently we are selling to buy
ENTRY:21538.1
SL:21616.8
TP:21098.7
Alpha and Omega Semiconductor (AOSL) AnalysisCompany Overview:
Alpha and Omega Semiconductor NASDAQ:AOSL is a leading innovator in power semiconductors, offering a diversified product portfolio that includes Power MOSFETs, Silicon Carbide (SiC) devices, IGBTs, and power management ICs. The company’s focus on high-performance, energy-efficient solutions positions it at the forefront of several transformative industries.
Key Catalysts for Growth
Sectoral Demand Tailwinds:
AOSL is benefiting from rising demand in key sectors such as automotive, consumer electronics, and industrial applications.
These markets are poised for long-term growth, driven by trends like electrification and automation.
Expansion into High-Growth Areas:
Electric Vehicles (EVs): AOSL’s expansion into the EV ecosystem, including advanced driver-assistance systems (ADAS), enhances its exposure to the rapidly growing EV market.
Sustainability Focus: Products aligned with energy-efficient power management address global sustainability priorities, solidifying AOSL's competitive positioning.
Innovative Portfolio Diversification:
AOSL’s broad product portfolio minimizes risks tied to any single category and ensures resilience amid market fluctuations.
The company’s investments in Silicon Carbide (SiC) technology bolster its competitive edge in applications requiring high power efficiency.
Profitability and Margins:
AOSL’s focus on energy-efficient designs supports higher margins while aligning with industry trends for lower power consumption and cost efficiency.
Investment Outlook
Bullish Case:
We remain bullish on AOSL above the $36.00-$37.00 range, as the company capitalizes on its technological leadership and industry tailwinds.
Upside Potential:
Our upside target for AOSL is $69.00-$71.00, reflecting confidence in its growth trajectory, driven by its strategic focus on EVs, ADAS, and energy-efficient innovations.
🚀 AOSL—Powering the Future of Electronics with Sustainable Energy Solutions. #Semiconductors #EnergyEfficiency #TechLeadership
A10 Networks (ATEN) AnalysisCompany Overview:
A10 Networks NYSE:ATEN is a leading provider of high-performance application delivery and cybersecurity solutions, uniquely positioned to benefit from the growing demand for advanced security services and network optimization in a digital-first economy.
Key Catalysts:
Security-Driven Growth:
Security-focused revenue is up 10% year-to-date, underscoring robust demand for advanced cybersecurity solutions in response to escalating cyber threats globally.
With cyber risks rising, this segment is poised to be a significant growth driver for ATEN.
Enterprise Segment Momentum:
The enterprise segment has shown consistent performance, growing 5% year-to-date and 9% year-over-year, signaling healthy demand across key verticals.
Debt-Free Balance Sheet:
A10 Networks’ debt-free financial position provides a strategic advantage in the current high-interest-rate environment, enabling sustainable investment in growth initiatives and enhanced shareholder returns.
Resilient Business Model:
Focused on providing mission-critical solutions, ATEN benefits from strong customer retention and recurring revenue streams, ensuring long-term stability.
Investment Outlook:
Bullish Outlook: We are bullish on ATEN above the $16.50-$17.00 range, supported by its growth in cybersecurity, enterprise traction, and robust financial health.
Upside Potential: Our upside target for ATEN is $28.00-$29.00, driven by expanding security revenues, enterprise adoption, and financial flexibility in pursuing strategic opportunities.
🚀 ATEN—Empowering Enterprises with Next-Gen Security and Performance. #Cybersecurity #EnterpriseSolutions #TechGrowth
Bitcoin - Bitcoin went below $100,000!Bitcoin is below the EMA50 and EMA200 in the four-hour time frame and is trading in its ascending channel. Capital withdrawals from Bitcoin ETFs or risk OFF sentiment in the US stock market will pave the way for Bitcoin to decline. Bitcoin sell positions can be looked for in supply zones.
It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important.
Following hawkish remarks from Federal Reserve Chair Jerome Powell, Bitcoin (BTC) plummeted from its peak of $108,135 on December 17 to below $95,000. Powell’s comments, which signaled the Fed’s ongoing battle against inflation, triggered a sharp selloff in the cryptocurrency market. He indicated that only two interest rate cuts might occur in 2025, as opposed to the four cuts previously anticipated.
Additionally, the Federal Reserve revised its 2025 inflation forecast from 2.1% to 2.5%. Even the 2026 forecast stands at 2.1%, exceeding the central bank’s 2% target. This suggests that inflation could persist for another two years, compelling the Fed to keep interest rates elevated for longer than initially projected.
Bitcoin ETFs, after experiencing 15 consecutive days of capital inflows, saw an unprecedented $680 million outflow on Thursday. This trend continued into Friday, with an additional $270 million withdrawn. Cryptocurrency investors, reacting to the Fed’s decision to slow monetary easing next year, moved substantial capital out of the market.
In the United States, Bitcoin ETFs have surpassed gold ETFs in assets under management (AUM). Despite gold ETFs’ 20-year history, Bitcoin ETFs now manage $129.3 billion, compared to $128.9 billion for gold ETFs.
MicroStrategy, a company renowned for its massive Bitcoin holdings, successfully entered the Nasdaq index. With 439,000 Bitcoins valued at $42.64 billion, the company controls approximately 2% of the total Bitcoin supply. This milestone highlights MicroStrategy’s strong position in the Bitcoin market and has boosted its stock price (MSTR) to $364.20. The company’s innovative strategy of leveraging Bitcoin as a growth asset showcases a unique approach in the financial world.
Bitcoin’s volatility has steadily decreased in recent years. By October 2024, its monthly volatility had dropped to 11%, lower than that of high-profile tech stocks like Tesla (24%), AMD (16%), and Nvidia (12%).
Arthur Hayes, the former CEO of BitMEX, recently shared his outlook on the cryptocurrency market. He predicted a “horrific collapse” around the inauguration of U.S. President-elect Donald Trump on January 20, 2025.
Hayes wrote, “The market believes Trump and his team can deliver immediate economic and political miracles,” but pointed to a gap between investor expectations and the “absence of quick, viable policy solutions.”
Hayes forecasted that implementing changes to cryptocurrency policies would likely take far longer than the market anticipates. He added, “The market will soon realize that Trump, at best, has only a year to execute any policy changes in or around January 20. This realization will trigger a massive selloff in cryptocurrencies and other Trump-related trades.”
He also predicted that a “steep decline” would occur around Trump’s inauguration day, followed by a “crack-up boom phase” in late 2025. This phase, typically seen after financial crises, is characterized by rapid price increases, high inflation, and financial instability.
BUY SCILAL LONG TERMInvestment Recommendation: SCILAL
Action: Consider buying SCILAL for the long term.
Target Price: ₹133 within the next 1.5 years.
Allocation Strategy:
Allocate 25% of your capital at the current price level.
Gradually increase your position as the opportunity evolves.
Exit Plan: Await further updates before exiting at ₹133.
This trade has the potential to be one of the most rewarding opportunities available
Gold Market Update: December Week 4 Opens with Supply TakeoutGold opens the fourth week of December, continuing its move to take out supplies at $2636. The market indicates a potential sweep of demands at $2608 before the next hedge opportunity arises. Traders are advised to align with the prevailing momentum as the market navigates critical levels follow for more insight .
Gold Long Term Analysis Dec 23rdSo we've seen the Gold price enter a ranging phase in December following the election. Volatility has dropped significantly though, the Gold price did see some fairly large moves due to economic news surrounding price inflation and the Fed's analysis for monetary policy going into 2025. Last week's close saw the gold price respect the current price channel, although we might see some more sideways movement until Donald Trump takes office. I believe the market will be looking to see how the Trump Administration's policies start to solidify and what that means for inflation. Governor Powell said in his Press Conference that the Fed has entered a new phase, noting that the cash rate is still restrictive, however the board was concerned that inflation may have stalled on its way down to the Fed's target. Saying this, there was concern that the labour market was showing signs of weakness and this may prompt the Fed to reduce rates further.
What does this mean for the Gold Price going into 2025? Its not surprising that we have seen some sideways movement following the strong rise through to November. Some uncertainty still surrounds what the Trump admin will do once they take office, Tariffs are the key issue affecting the Gold price primarily what impact they might have on domestic inflation. Geopolitical risk in Russia and the Middle East, along with Central Bank purchases of Gold are providing pretty strong support for the Gold price currently. Though this might change depending on Trump's plans for the creation of a strategic crypto reserve and what he might be able to achieve on a foreign policy standpoint in those two major conflicts.
I would expect the upwards trend in Gold to continue but we may see a continuation of the current ranging pattern until some more certainty arrives after Trump takes office. Although, if history tells us anything, certainty and Donald Trump don't necessarily go well together.
Crypto Market Update: Key Developments and Analysis.Crypto Market Update: Key Developments and Analysis
1. Trump Nominates Stephen Miran as Chairman of Economic Advisory Council
President-elect Donald Trump has nominated Stephen Miran as Chairman of the Council of Economic Advisors, a position that will play a crucial role in shaping economic policy for the incoming administration. Miran, who previously served as a senior advisor to the Treasury Department in 2021, is well-known for his advocacy of deregulation to promote innovation across various sectors in the United States.
In a statement on social media, Miran expressed his excitement about the nomination: "I am beyond honoured that President Trump has chosen me to lead his Council of Economic Advisers. I look forward to working to help implement the President's policy agenda to create a booming, noninflationary economy that brings prosperity to all Americans!"
The crypto community has responded positively to Miran's nomination, largely due to his pro-innovation stance and openness towards digital assets and cryptocurrencies. His appointment is seen as a potential catalyst for more favourable regulatory environments for the crypto industry.
2. Bitcoin Social Sentiment Drops to Yearly Low, Signalling BTC Breakout
Social sentiment around Bitcoin has reached its lowest point in 2024, suggesting a possible recovery above the $100,000 mark for the world’s largest cryptocurrency. As of December 22, Bitcoin's price is down over 10% from its all-time high of above $108,300 recorded on December 17, trading at around $97,150.
This 10% correction has led to a significant drop in social media sentiment, with an average ratio of four to five positive versus negative Bitcoin-related comments. Market intelligence platform Sentiment highlighted this shift in a recent post, noting: “Vocal traders are now showing severe FUD, and that's good news for contrarians who know markets move in the opposite direction of retail's expectations.”
Other crypto analysts are also predicting an end to Bitcoin’s current correction below $100,000. Notably, Bitcoin’s daily chart showed three consecutive red candles for the first time since early November, a period that coincided with Donald Trump's US election victory. This historical pattern has led some to speculate that Bitcoin may soon experience a bullish reversal.
3. Interpol Issues "Red Notice" for Hex Founder Richard Heart
The international law enforcement organization, Interpol, has issued a "Red Notice" for Richard Schueler, also known as Richard Heart, the founder of Hex. Schueler is wanted by Finnish authorities for allegedly committing tax fraud and assault.
A Red Notice is a global request for law enforcement to locate and provisionally arrest a person, but it is not an international arrest warrant. Schueler is also listed on Europe’s most wanted fugitives list, where detailed allegations include physically assaulting a 16-year-old victim and committing tax evasion between June 2, 2020, and April 2, 2024.
The issuance of the Red Notice comes just three months after a remand order was initially issued for Schueler on September 13, according to Finnish public broadcaster Yle. This development has sent shockwaves through the crypto community, as Schueler is a well-known figure in the space.
These key developments in the crypto world highlight the dynamic nature of the market and the importance of staying informed. As the week progresses, traders and investors should closely monitor these stories and their potential impact on the broader financial landscape..
MKR/USDT 4H Interval ChartHi everyone, let's look at the 4h MKR to USDT chart, in this situation we can see how the price has broken out of the uptrend line and the attempt to return above it has failed. Locally, a downtrend line is visible and the price remains below it. Currently, a correction is visible, but as the trend reverses, resistance levels are visible at the following levels:
T1 = 1708 USD
T2 = 1844 USD
T3 = 1955 USD
T4 = 2067 USD
T5 = 2225 USD
Now let's move on to the stop-loss in case the market continues to fall:
SL1 = 1591 USD
SL2 = 1386 USD
SL3 = 1118 USD
On the RSI indicator, we can see how we have turned back after crossing the upper boundary and it can be seen that there is still room for the price to continue to fall.
XAUUSD position Setup As we can see that rejected from 2632 area which means gold is below the previous consecutive candles on M1 chart which means our.eys will be at 0.318 Fib level ,however this thing happens only when this month candle closes below.
On the other hand, Inverse W pattern is completed last week on weekly charts and shows the bearish signs if gold rejected from 2632-35 cluster of Resistances.
On H4 what possible scenario we have?
Gold is in formation on Inverse M pattern and rejected last Friday from 2632 area and gives the closing below.
If 2632-35 area break.then our next target will be 2670 .
Market is going to restest again 2632 area once market will opened.
For bearish if any H4 candle closes below 2620.support area then our bullish charts.will be invalid .
BNZI:Could 2024's Low Be Behind Us? 2025 Signals a Potential UpAs we close out 2024, Banzai International, Inc. ( NASDAQ:BNZI ) shows signs that the worst may be over. With improved stock performance, strategic acquisitions, and significant financial restructuring, the company appears poised for a potential turnaround in 2025. However, critical confirmation signals are still required before declaring a bullish reversal.
Weekly Timeframe:
Trend: BNZI is transitioning from a "Red Setup 8" to a "Green Setup 1" on the weekly chart, suggesting a possible bullish reversal.
Key Levels:
Resistance: $1.80–$1.95.
Support: $1.35.
While the trend hints at a shift in momentum, traders should remain cautious, as longer-term signals still suggest the need for confirmation.
Recent Company Developments
Vidello Acquisition:
This acquisition is expected to add $6.5 million in revenue and $2.3 million in EBITDA for the trailing twelve months through September 30, 2024.
OpenReel Acquisition:
Enhances BNZI's AI-powered marketing platform, particularly in video marketing, positioning the company to capitalize on rising market demand.
Debt Restructuring:
Reduced liabilities by $5.6 million and restructured $19.2 million in debt. While this strengthens the financial position, it also underscores past financial challenges that must be carefully managed.
Reverse Stock Split:
1-for-50 split ensures compliance with Nasdaq listing requirements but raises concerns about organic growth.
Key Observations
Price rebound: BNZI closed at $1.71 on December 20, 2024, marking a solid 5.56% increase from the previous day. The stock has bounced 32.05% above its 52-week low, hinting at a potential bottom.
Bullish momentum: The stock trades 11.89% above its 20-day SMA, signaling short-term bullish sentiment. However, it remains below longer-term moving averages, suggesting that the reversal is not fully confirmed.
Acquisitions driving growth: The Vidello and OpenReel acquisitions are set to boost financial performance, adding $6.5 million in revenue and $2.3 million in EBITDA. These moves align with BNZI's strategy to focus on AI-driven marketing solutions.
2025: A Fresh Start?
Monthly Chart Update
Trend: Bearish continuation with Red Setup progression (2 to 4). However, the weekly chart's signals suggest a potential reversal could emerge.
Action: Wait for two consecutive green candles on the monthly chart to confirm a bullish outlook for 2025.
Entry Strategies
Bullish Scenario:
Enter long after confirming two monthly green candles, signaling a reversal.
The key breakout level is $1.85. If breached, momentum could carry the price to $2.00 and beyond.
Risk Considerations
While BNZI's prospects look promising, risks remain:
Post-Reverse-Split Volatility: The reverse split may increase price swings, impacting investor confidence.
Acquisition Integration Risks: Successfully integrating Vidello and OpenReel is critical to realizing expected revenue and EBITDA gains.
Broader Market Conditions: Macroeconomic trends and sector-specific challenges could impact BNZI's growth trajectory.
Conclusion
2024 was a year of volatility and restructuring for BNZI. As we head into 2025, the company appears to be on firmer ground, with improved fundamentals and strategic initiatives. However, technical confirmation of a trend reversal is essential before declaring a bullish outlook.
Key Takeaways for Traders:
Watch for two consecutive green monthly candles to confirm the bearish trend reversal.
A breakout above $1.85 could signal the start of a strong uptrend, potentially pushing the price to $2.00 and beyond.
Stay cautious of a breakdown below $1.45, which could reignite bearish momentum.
By balancing these factors, traders can position themselves effectively to capitalize on BNZI's potential opportunities in 2025.
Check more in-depth analysis:
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