A Speed Bump or a Sign of Things to Come?The recent dip in the crypto market, triggered by escalating tensions between Iran and Israel, serves as a stark reminder of the market's volatility. Bitcoin prices plummeted to GETTEX:59K before a swift recovery, leaving many investors wondering: was this a blip on the radar or a harbinger of things to come?
**The Iran-Israel Factor:**
Geopolitical tensions have historically impacted traditional markets, and crypto appears increasingly susceptible as well. The news of a potential war undoubtedly spooked investors, leading to a sell-off. However, the market's swift bounce back suggests that the long-term outlook might remain bullish.
**Bull Run on Hold?**
The upcoming Bitcoin halving, scheduled for sometime in 2024, is a highly anticipated event that often precedes bull runs. While the recent crash might cause a temporary setback, historical data suggests that these halvings often lead to price increases due to a reduced supply of new Bitcoins.
**Full-Fledged War? A Bearish Threat?**
A full-blown war would undoubtedly have a significant negative impact on global markets, including crypto. Increased risk aversion and economic uncertainty could trigger a prolonged bear market. It's important to monitor the situation closely and adjust your strategy accordingly.
**The Power of Diversification:**
Regardless of the bull or bear market predictions, diversification remains a crucial strategy. Spreading your investments across various cryptocurrencies and asset classes can help mitigate risk.
**The Final Word: It's All Speculation**
The future of the crypto market, especially in light of geopolitical events, is inherently uncertain. While a bull run is still possible after the halving, external factors can always play a role.
Here's where **you** come in! Join the discussion in the comments below!** Share your thoughts:
* Do you think the recent crash is a sign of a larger correction?
* How will a potential full-fledged war impact the crypto market?
* What strategies are you using to navigate the current market climate?
**By fostering a community of informed investors, we can all navigate the ever-evolving world of cryptocurrency.**
**Disclaimer:** This is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a financial professional before making any investment decisions.
Hamas
Israel War and Gold ConspiracyIn September 2023, gold prices had a sell-off for the whole month, reaching daily support levels while the RSI was oversold below average. Interestingly, during this period, the announcement of the conflict involving Israel coincided with gold's approach to a crucial support area, prompting speculation about foreknowledge or market pricing in of this event.
This scenario recalls a fictional scene from a movie where terrorists hijack an airplane, disguising it as a system failure to profit from short-selling airline stocks. While fictional, it highlights the potential manipulation of events for financial gain. This raises broader questions about the influence of powerful entities, often termed the "elite," in shaping global events to their advantage.
Coincidence or orchestrated?
AUD/CAD: Geopolitical Factors and Technical Signals at play
Dear traders,
Dive into the AUD/CAD realm with a blend of geopolitical insights and technical signals:
Before we venture into any further downward potential, keep a close eye on the critical level around 0.8822 for potential breakthroughs.
Here's the geopolitical and technical mix in our AUD/CAD analysis:
Geopolitical Considerations:
Wednesday's Bank of Canada interest rate decision sparks intrigue. The balance of power in this market may shift, reflecting the delicate dance of global influences.
Canada's economy, tethered to oil prices, could witness changes spurred by escalating tensions in the Middle East. A surge in oil prices may bolster the CAD.
Conversely, any disturbance in the Persian Gulf, a vital oil source for China, could ripple through Australia's economy, intertwined with China's fate. Geopolitical events, like the Hamas-Israel conflict, may reverberate, potentially impacting China, Taiwan, and, subsequently, the AUD.
Technical Signals:
The battleground of charts and indicators beckons. Before anticipating major moves, consider the technical landscape.
The Bank of Canada's decision could sway the market sentiment, making the 0.8822 level a pivotal point. A breach could signal a shift in the technical dynamics.
This amalgamation of geopolitical considerations and technical intricacies sets the stage for an engaging AUD/CAD landscape.
Stay tuned, adapt to unfolding events, and trade with prudence!
Best regards.
Israels ground attack should push the gold price over 2000According to the President of Israel, a ground attack in Gaza is about to start soon. The gold price has shown bullish behavior several times on speculations of a possible ground attack, which could lead to a new level of escalation.
Gold corrected more than 40 points after reaching the recent peak at 1997, and I assume that the 4th wave low is in at 1953.
The key resistance price levels are 2000, 2020 and 2038 .
Gold - Fade a The Short Squeeze RallyThe marketing team behind gold and silver are always telling dumb and dead money that they should "hedge" against a "collapsing US Petrodollar" during times of global instability by being long on metals.
The trade rarely works out. Gold and silver not only routinely follow the equities markets straight to Hell, but tend to get dumped during the start of new index impulse swings.
This rally while the SPX gave up its 5% rally is actually a significant anomaly.
But if the propaganda never, ever worked out, the propaganda would stop working and the marketing team would be out of a job.
And that more or less sums up a 10% monthly rally on gold that's killed short sellers who wanted to comfortably ride a trend down.
You can see on the monthly that this price action is just more ranging, more wick plays, and there's a notable unbalanced gap under $1,800.
It's really important to keep a cool head as a goldbug, especially under the condition where the establishment media is reporting that Xi Jinping and the Chinese Communist Party is long several hundred tonnes worth of gold.
The CCP is collapsing and everything that is going on in the world has to do with the various members of the CCP around the world, who are not of the Chinese race, scrambling to bury their skeletons while also trying to ensure they can take control of the country when the regime falls.
And because of that, there's no reason to believe that a CCP that is desperately selling US Treasuries (see: Santiago Capital) for USD is going to be allowed to go plussy plus greeny green on its deeply deep goldy gold position.
What hangs over the head of everyone on this planet is the Party's 24-year persecution of Falun Dafa's 100 million students and Disciples, a sin committed by former Chairman Jiang Zemin on July 20, 1999, that has even had the audacity to commit the unprecedented crime of live organ harvesting.
Keep your distance from and wash your hands from anything related to the CCP, including the western factions that have become a particle of the Party swearing Marxist vows in Shanghai.
So, here's the trade.
Doesn't matter if gold takes $2,015. It's not the right overall timing for a new rally to $2,200.
Instead, either go short, or wait for gold to trade under $1,800 again.
There's no reason to believe gold is a new bull market until longs have been ruthlessly violated. There's no reason to believe metals are going to rally as a hedge during an international war or a major equity sell off, or a major equity rally lol.
🔥 XAUUSD - The effect of WAR on the GOLD (READ THE CAPTION)By re-examining gold in the 12-hour time frame, we can see that the price on Friday was accompanied by heavy buying pressure with the announcement of Israel's ground attack on Gaza (Hamas) and considering that gold is a popular and low-risk asset in war conditions. It is considered to have created this amount of demand in the price! The important thing that happened on Friday was that the price attacked the top of the POC Line without any specific reaction to it and closed above this important level ! This important level was $1925 when we saw that the price broke this resistance with great strength and moved towards higher targets, But the important point is that according to my personal strategy, this flow can be given high credibility if the price can be stabilized in at least 1 to a maximum of 3 candles, which means that if the price moves below $1925 again in these 3 days and closes, probably we'll see the drop to $1885 as the first downward target! Pay attention that the most important condition for changing the Bearish to Bullish trend is to stabilize above $1925 and break the price of $1955, in which case we can expect the price to grow even up to $1976 and $2020 ! So this week is very important for gold and we have to monitor the behavior of the price! With the growth that the price had on Friday from 1868$ to 1932$, a large liquidity void has been created, and the probability that this FVG will be filled soon is high! All this will depend on the trading process on Monday and Tuesday! The important supply zone in front of the price is from $1929 to $1954 and we have to see if the price will be rejected from this zone or not, and to fill this gap we must see the consolidation of the price below $1925! I hope this comprehensive analysis will be useful for you!
Best Regards , Arman Shaban
CHF at Key Technical Support⏰CHF at key levels ⏰
Overview
The Swiss Franc is at key technical support levels on several pairs. The CHF strength is driven by the Israel-Hamas war.
The Details
The support levels will likely not hold if there is further escalation in the region. Expect the support levels to break and ***CHF pairs to move lower.
If by some miracle, the war becomes stagnant or things de-escalate, the support levels could hold.
Things to consider
Buying the CHF is painful due to Switzerland's low-interest rate. The swap rate offered by most brokers is off-putting.
A better trade may be a de-escalation trade, though we could be waiting a while
The Swiss Franc continues to downtrend longer-term. A de-escalation trade may catch a downside correction move rather than a long-term uptrend.
The CHF could strengthen on global recession fears, possibly in the coming months.