Copper Rises to 2+ Year Highs on Improving Supply-Demand OutlookCopper prices have rallied more than 20% this year as the market is tightening, moving above 4.800 for the first time in more than two years. Improving supply-demand dynamics can drive further gains, with the March 2022 record peak now in the spotlight (5.041).
Concerns around output are high, as key miners expect lower production this year. At the same time, demand optimism is on the rise, with the AI-driven recovery of the chip industry and the clean energy transition to support usage of the non-ferrous metal.
On the other hand, production is still likely to grow this year and there are uncertainties around demand. A key source is China, due to its uneven post-pandemic recovery and the ailing real estate sector.
Furthermore, the RSI points to overbought conditions and has not followed the price higher today, creating scope for a pullback. However, a strong catalyst would be needed to challenge the EMA200 (black line) and the bullish momentum.
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Fundamnetals
Financial Planning: An IdeaHello Trader
Today we have to talk about financial knowledge, how important is it to have financial knowledge and whether can it make us financially free.
Let's begin,
Everyone needs money to survive. Financial planning is the process of managing your money wisely to achieve your financial goals. It involves planning your future finances keeping in mind your current situation.
In simple terms, financial planning helps you answer questions like:
How can I save more money?
When can I comfortably retire?
How can I pay my debts?
All these questions are very important if you want to be financially free
* Financial planning helps you identify your long-term and short-term goals, whether it's buying a house, children's education, or retirement so that you don't have to worry about anything.
* An important aspect of financial planning is insurance. It helps protect you and your loved ones from unexpected events like accidents, illnesses, or the loss of a loved one. By getting the right insurance coverage, you can minimize the financial disaster of such situations.
* Investments are also a part of financial planning. It involves putting your money into different types of assets, such as stocks, bonds, or real estate, to grow your wealth over time. Financial planning also involves knowing where to allocate your investments accurately.
Finally, financial planning includes preparing for retirement. It involves estimating how much money you will need in retirement and determining how much you should save each month to reach that goal. Retirement planning ensures that you can enjoy a comfortable and financially secure life after you stop working.
Types of financial planning
1) Tax Planning
Tax planning is the process of arranging your finances in a smart way to pay the least amount of taxes while staying within the rules set by the government. It involves making decisions about when to receive income, how to spend money, and which deductions or credits to take advantage of. The goal is to legally reduce the amount of taxes you have to pay, so you can keep more of your hard-earned money.
Types of Tax planning
Tax planning is a way to reduce the amount of tax you have to pay. But it's not just about that - it also tells you how to make smart decisions with your money to reach your financial goals. By investing in the right things at the right time, you can increase not only the tax but also your wealth. So tax planning is not just about minimizing taxes, it's about making your money work for you.
Following are the various methods of tax planning
(A) Short-term tax planning
In short-term tax planning, individuals or businesses focus on finding legal ways to reduce their tax liability as the end of the fiscal year approaches. It does not require long-term commitments but can still result in significant tax savings.
(B) Long-term tax planning
With long-term tax planning, individuals or businesses create a tax plan at the beginning of the fiscal year and follow it throughout the year. While immediate tax benefits may not be available, this approach can be beneficial in the long run.
(C) Permissive tax planning
Permissive tax planning involves utilizing various provisions within the tax laws of a country, such as deductions, exemptions, contributions, and incentives. For example, in India, there are provisions like Section 80C of the Income Tax Act, 1961, which offer deductions on specific tax-saving investments.
(D) Purposive tax planning
Purposive tax planning involves using tax-saving instruments with a specific purpose in mind. This strategy ensures that you maximize the benefits of your investments. It includes carefully selecting suitable investments, having a plan for replacing assets if necessary, and diversifying business and income assets based on your residency status.
2) insurance planning
If you don't plan properly for insurance, unexpected events in life can leave you financially vulnerable. By insurance planning, you can identify the risks that may affect your life and choose the right insurance policy to protect against those risks. So that you can protect yourself and your family financially in the future.
Let's talk about the benefits of insurance planning
(A) Protection from Unexpected Events
Having a good insurance policy helps you reduce the financial risks associated with things like illness, accidents, or even death. It ensures that you and your family are prepared to face these unexpected challenges without having to give up your quality of life.
(B) Different Types of Insurance Coverage
* There are different types of insurance policies that cover various risks. For example, health insurance plans cover medical emergencies, hospital expenses, medications, and doctor visits.
* Life insurance or personal accident insurance provides coverage in case of premature death.
* Motor insurance protects your vehicles against theft, accidents, and liabilities to third parties.
* Travel insurance policies offer coverage for unexpected events during your trips. By choosing the right combination of policies, you can create a complete financial protection plan for yourself and your family.
(C) Financial Protection
Insurance planning provides financial security by compensating for losses incurred during covered emergencies. It helps you recover financially from unexpected situations and protects your savings.
(D) Tax Benefits
Certain insurance plans also provide tax savings. For example, the premiums you pay for health insurance are eligible for tax deductions under the Income Tax Act. This means you can lower your taxable income by purchasing specific insurance policies.
(E) Peace of Mind
Having a well-planned insurance portfolio gives you peace of mind. You don't have to worry about losing your savings due to unforeseen events. You can also plan for the financial well-being of your family even after your death by using term and life insurance plans.
Insurance planning can be easier if these points are kept in mind
3) Investment planning
* Investment planning is a process that helps you make smart decisions about your money.
* It involves thinking about your goals and figuring out the best ways to use your money to achieve those goals.
* There are various options for investment, such as putting your money in stocks, bonds, or property and earning good profits.
* This planning helps you build a strong financial foundation and make adjustments as needed.
Here I will tell about 7 benefits of investment planning
(A) Building Wealth
Investment plans with life insurance are a reliable way to grow your wealth over time. As an investor, you can choose the plan that best suits your needs based on risk, returns, and the amount you can invest. These plans can provide financial assistance for future expenses like your child's education, their wedding, your retirement, or a pension.
(B) Financial Security
Life insurance policies offer both life coverage and investment options. They take care of your family financially by providing both survival benefits and death benefits. When the policy matures, you receive returns with profits. This ensures long-term financial security for your family. In the unfortunate event of your demise before the maturity period, the insurance company pays the sum assured to your nominee, providing financial protection to your family.
(C) Coverage for Death Risk
Not all investment options offer coverage for the risk of death, but investment plans with life insurance do. These plans include death risk coverage, ensuring that your family's financial needs are taken care of even in your absence. The sum assured is paid to the nominee in the event of your death.
(D)Retirement Savings
You can purchase these investment plans at any stage of life, allowing you to create a retirement corpus. By investing in these plans, you can become financially independent even after retirement.
(E) Flexibility
These investment plans offer flexibility in terms of the amount you can invest and the duration. You can choose what suits your needs and financial planning.
(E) Tax Savings
Investment plans not only provide risk cover and help accumulate wealth, but they also offer tax savings. The premiums and payouts are exempted from tax under sections 80C and 10(10D) of the Indian Tax Act. These plans offer a perfect combination of savings, wealth creation, financial protection, and tax benefits.
(F) Loan Facility
Life insurance investment plans can also act as loan facilitators, depending on the coverage you have, the premiums paid, and your eligibility for the loan amount.
4) Retirement planning
* Retirement planning is the process of preparing for life after you stop working.
* It involves thinking about how much money you will need to live comfortably when you are not earning a regular income.
* Retirement planning tells you how to save and invest your money wisely to have enough funds to support yourself during your retirement years.
* Retirement planning is essential so that you can enjoy a comfortable and worry-free life when you decide to stop working.
Understanding retirement planning
* Retirement planning is the act of preparing for life after employment, which includes not only financial aspects but all areas of one's life.
* Beyond financial considerations, retirement planning includes lifestyle choices, such as how to spend time, where to live, and when to stop working altogether.
* Retirement planning focuses on different stages of life.
* In the early stages of a career, the emphasis is on setting aside sufficient funds for retirement.
* As one approaches mid-career, it may also include establishing specific income or wealth goals and taking the necessary steps to achieve them.
* Thus, retirement planning is necessary for you to lead a comfortable life at the time of retirement.
5) Estate planning
* Estate planning is when you make important decisions about what happens to your money, assets, and liabilities after you pass away or if you become unable to make decisions for yourself.
* This includes things like choosing who will receive your assets, making sure debts and taxes are taken care of, and even deciding who will take care of your children or pets.
* People usually work with an attorney who knows estate law to help them plan.
* Some common steps in estate planning include making an inventory of what you own and owe and checking your bank account.
Process of Estate Planning
* Estate planning is the process of deciding what will happen to a person's assets after they pass away and how their financial affairs will be managed if they become unable to do so themselves. It's important to know that estate planning is not only for wealthy individuals; anyone can and should consider it.
* An estate includes things like houses, cars, investments, artwork, life insurance, pensions, and debts. People have different reasons for estate planning, such as preserving family wealth, providing for their spouse and children, funding education for future generations, or leaving a charitable legacy.
* The first step in estate planning is usually creating a will.
Other important tasks include
* Setting up trust accounts to reduce estate taxes and benefit specific beneficiaries.
* Designating a guardian for dependents who are still alive.
* Choosing an executor to oversee the will's instructions.
* Updating beneficiaries on life insurance policies, IRAs, and 401(k) accounts.
* Making funeral arrangements in advance.
* Making annual gifts to charities or nonprofits to lower the taxable estate.
* Creating a durable power of attorney to handle other assets and investments.
By taking these steps, individuals can ensure that their wishes are followed, their loved ones are provided for, and their assets are distributed as intended.
6) Cash flow planning
* Cash flow planning is all about managing and predicting how money comes into and goes out of someone's or a business's finances. It means keeping track of how much money is earned (income) and how much is spent (expenses) during a specific time, usually every month or year.
* The main goal of cash flow planning is to make sure there's enough money to cover important expenses, meet financial commitments, and achieve money-related objectives. It helps individuals and businesses make smart choices when it comes to spending, saving, and investing their money.
* Basically, cash flow planning involves creating a budget or financial plan that outlines the expected sources of income and estimates of expenses. By analyzing and keeping an eye on cash flow, it becomes possible to spot potential shortages or surpluses and adjust accordingly. This way, people can manage their money better and make informed decisions on how to use their resources effectively.
* When there's a clear understanding of cash flow, individuals and businesses can take proactive steps to ensure they have enough money to cover their needs, save for the future, and handle any unexpected financial challenges that might come up.
* Thus by doing financial planning in this way and by doing this 6-step planning you can become financially free.
Note: The next article is on the life cycle and wealth cycle in which I will tell you what percentage should be invested according to age and income.
I apologize for the grammatical errors.
Thank You!
Money_Dictators
By @Money_Dictators on @TradingView Platform
BTC ShortFalse Breakout, No reaction to SP:SPX growth. Indicators RSI, MACD show signs of trend weakening. Media background neutrally negative. Oil production cut made crude oil spike up, which may negatively affect stock markets, hence already weak BINANCE:BTCUSDT as well. I'm in short from 28800, targets 25300 - 24300. Stop loss 29200.
GOLD LONG TO 1900!!!Hello Traders!!!
I hope you are all having a wonderful start to 2023
Today we are trading XAUUSD where we have found a solid zone for a long.
Why are we entering?
- We are in Bullish wave C of our correction which is the final wave
- We are expecting a rejection from our 0.5 fibonacci level before heading up in our final subwave 5
What is our confirmation?
- Rejection from our 0.5 fibonacci level
- Break of descending WFB (Watch For Break) trendline
- Rejection of 1HR EMA
Entry
- Safe Entry: Rejection of our 0.5 fibonacci & EMA with a break of WFB / 8HR EMA
- Risk Entry: Rejection of our 0.5 fibonacci level / EMA
- Risk Entry 2: Early break of WFB (Watch For Break)
Once entered, where will our Stoploss be?
- Below the structure & EMA: 1851 (50 pips)
Where do we take profits?
First TP - Previous high: 1885 (293pips)
Second TP - -0.27 fibonacci level: 1903 (468pips)
Final TP - Hold small amount incase we push higher
Be sure to follow me and check out my other ideas below!!!
Old wallets moving, BITCOIN CORRECTIONHello Traders
As you can see in the chart above, we predicted the market correctly in the previous post. Now we expect a correction to lower levels.
On the Onchain side, I put a metric called ASOL; Average Spent Output Lifespan, which shows the average age (in days) of spent transaction outputs. The metric value has spiked today, meaning that old wallets (UTXOs) were moving their bitcoins, which creates a risk for the price.
Onchain and technicals combined, I think we can see lower levels over the weekend or might have a bearish consolidation.
Note that this is an intraday analysis and is only valid for a couple of days or even hours.
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What is your opinion? Comment below.
If you like the idea, please hit the boost button and follow me so you won't miss the updates. The information given is never financial advice. Always do your research too.
Good luck.
Luna to ZEROTechnical indicators are not as important in this case, but Luna broke through the green cloud on the weekly and on the daily is this represented as a red cloud.
From a fundamental point of view is the price of Luna going to reach zero, but this destabilization period on Luna is high dependent on the case of UST gaining or losing its dollar peg.
The UST peg is the root cause of Luna crashing as initial investors saw Luna´s stablecoin UST being pegged to USD as the main stabilizing factor to Luna´s success.
Now when the UST peg has been lost do investor see Luna as a sinking ship, and further would the price of Luna continue to fall. Here do investors rather sell at 30 USDT than 0 USDT.
Before the crash of Luna would the price stabilize itself as investors are not able to trade Luna on Binance do the price stabilize itself until Binance make it possible for investors sell of their recourses in Luna.
When Binance opens Luna to be able to be traded does investors massively sell off and the price keeps getting pushed down. This second sell off is caused by investors disbelief in the product.
The product in itself is the algorithmic stablecoins which keeps its value by burning Luna for UST to keep its peg to USD. Therefore do they need to burn Bitcoin reserves to gain USD to UST which was not possible in the first crash.
This analysis has not taking into account for following: NASDAQ crash, BTC crash, Supply Chain issues and the war in Ukraine.
The bulls took over the market in EUR/USDHello everyone :) I hope you are all doing well. I wondered which is the most interesting instrument suitable for analysis this week and concluded that it is definitely EUR/USD. Cristhine Legarde surprised the market last week when she did not rule out an increase in interest rates this year (although it could be in the last quarter of the year, but it is still very unexpected from the European Central Bank). Inflation in Europe is spiraling out of control and everyone understands that, so the ECB must do something about it. This was a very pleasant moment for the EUR, which showed great performance last week and really strong growth. When it comes to the technical picture, we can see a strong bull candle representing last week's activity This is a weekly chart and we can see that RSI shows bullish divergence while MACD is just truned bull, but the pair has to do some retracement and this may be our chance to go long. One more thing, if we include the Fibonacci retracement in this analysis (which you can see in the chart), we can see that the pair is on a retracement of 0.618 and is closed above that level, which may be another argument for the bulls.
I wish you all a good trading week :)
FIL (Filecoin) bull run ~Price Points/Fundamentals~
Hello there! 👋🐹
Happy November 🍁
Lets talk FIL
🤸♂️🏃♀️
Filecoin recently displayed bullish behavior🐮, breaking from a 3 month descending triangle pattern. 🆗
Trade invalid if we break below our light blue trendline at ~ $55.
In the near future, I expect to see an attempt to climb above $78 where we may see some resistance.
If we are successful in gaining support at ~78, my next targets for FIL are 104 and then 130.
FIL has potential to go beyond these targets as well, I will explain why in a short fundamental overview below.. 💫
⏬⏬⏬⏬⏬⏬⏬
Just announced recently, Filecoin is now partnered up with the Flow Blockchain, ( In brief. Created by NBA Top Shot developer Dapper Labs, Flow is a proof of stake blockchain designed for NFT collectibles and crypto games decrypt.co ) and is now the main storage collaborator of FLOW.
In addition to its partnership with flow 👇👇
Over the last couple of weeks Bitdeer ( worlds leading mining services provider) announced it will now be providing services for mining FIL!
✔Filecoin is a decentralized network with the native currency FIL . It was released in 2014 and has since gained a tremendous amount of traction through its users and miners. (Miners earn FIL)
✔FIL (filecoin,) is by far the most popular data storage and retrieval coin, currently ranking #28 market cap💪
✔Our popular Filecoin has protocols set in place to ensure proper storage of data as promised by FIL miners.
✔Anyone with enough hard drive space can mine FIL.
🌏 Filecoin reached its ATH in April of this year topping out at 237, we are currently far below ATH price (almost 75 percent below) 👀
Considering all the information listed above, I think that FIL has yet to catch up to other altcoins such as SHIB,SAND,MANA etc..
Let's not overlook this extremely popular storage coin as we continue this bull run.
📌📌📌NOTE📌📌📌
Bitcoin is seemingly resting at a new found support level, a break below ~57k could mean a serious correction and altcoins such as FIL will follow.
Always use caution when investing in the volatile cryptocurrency market. 😃✔💭
🛑🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs and major trend lines etc. I always recommend looking at multiple charts when making a big investment. Always have a stop loss ✋🛑💲 set🆗
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.
Jazerbay 🍁
With the recent EV stock craze. Long over 22.70 $NKLA $NIO $TSLAhot sector and under 20 mil free float!
BTC- Slow correction or the second phase of bull trend?Now, the effect of the major short squeeze has worn off. Where will BTC go now?
5 months of downward price movement with low volume and volatility is worrisome, but the recent breakout of the downward trend would remain a lone silver lining of this distribution period if BTC can fend off the 8k retest.
BTCUSD realized volatility_10 day is 1/3 of what it was back in June & July
The Bitmex fund rate and OI are very low relative to the April-June period
Institutional buyers are not helping either. Bakkt's BTC OI indicates a lukewarm sentiment and COT-CME's institutional buying has been slowly increasing its shorts as do the 4 biggest shorts.
I think BTC ETF, ETH 2.0, and ETH future contracts on the U.S regulated exchange are some of the fundamental and catalytic changes that will get more retail money to flow into the crypto space
More liquidity, custody and ironically, regulation will probably inject the much-needed institutional money into the crypto market
Until then, patience and discipline will serve you well in this stagnant and low-volatility market condition