Get started

Harmonic Patterns

Harmonic Patterns of Technical Analysis !!!👨‍🏫In this post, I tried to show you the most important Harmonic Patterns of Technical Analysis . These patterns are more valid at higher timeframes. Please do not forget the ✅ ' like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe. What is Harmonic Pattern ❗️❓ Harmonic patterns are chart patterns that form part of a trading strategy, and they can help traders to spot pricing trends by predicting future market movements. They create geometric price patterns by using Fibonacci numbers to identify potential price changes or trend reversals Harmonic Patterns of Technical Analysis: 🦇 Bat 🦇 Harmonic Pattern: The Bat pattern is a retracement and continuation pattern that occurs when a trend temporarily reverses its direction but then continues on its original course. It gives you the opportunity to enter the market at a good price, just as the pattern ends and the trend resumes and has a bullish and bearish version. It is similar to the Gartley pattern but completes at an 88.6% Fibonacci retracement of the X-A leg. A true Bat pattern will include each of the following: the AB=CD pattern or an extension of this pattern; a 161.8% to 261.8% Fibonacci extension of the B-C leg; an 88.6% Fibonacci retracement of the X-A leg. One way of trading a bullish Bat pattern is to place your buy order at point D (the 88.6% retracement of the X-A leg) Place your stop loss just below point X. Draw a new Fibonacci retracement from point A-D of the completed pattern and take profit at the point where the price will have retraced 61.8% of the distance between A-D. To trade a bearish Bat pattern (a short/sell trade), simply invert the pattern and your orders. 🦇 ALT Bat 🦇 Harmonic Pattern: The Alternate Bat Pattern is a precise harmonic pattern™ discovered by Scott Carney in 2003. The pattern incorporates the 1.13XA retracement, as the defining element in the Potential Reversal Zone (PRZ). The B point retracement must be a 0.382 retracement or less of the XA leg. The Alternate Bat pattern™ utilizes a minimum 2.0 BC projection. In addition, the AB=CD pattern within the Alternate Bat is always extended and usually requires a 1.618 AB=CD calculation. The Alternate Bat pattern™ is an incredibly accurate pattern that works exceptionally well in the RSI BAMM divergence setup. 🦋 Butterfly 🦋 Harmonic Pattern: The Butterfly is a reversal pattern that allows you to enter the market at extreme highs or lows. It is similar to the Gartley and Bat patterns but the final C-D leg makes a 127% extension of the initial X-A leg, rather than a retracement of it. To trade the Butterfly, enter the market with a long or short trade at point D of the pattern – the price should reverse direction here. Place your stop loss just below (bullish trade) or above (bearish trade) the 161.8% Fibonacci extension of the X-A leg. For an aggressive profit target, place your take profit order at point A. For a more conservative profit target, place your take profit order at point B. 🥇 Gartley 🥇 Harmonic Pattern: The Gartley pattern is a retracement pattern that occurs when a trend temporarily reverses direction before continuing on its course. It includes the AB=CD pattern in its structure and gives you the chance to go long (bullish Gartley) or short (bearish Gartley) at the point where the pattern completes and the trend resumes. It relies on Fibonacci levels, which determine how far price retraces or extends during the formation of the patterns – MetaTrader 4 can automatically add these levels to your chart. To trade using the Gartley pattern, place your buy order at the point where the C-D leg achieves a 78.6% retracement of the X-A leg. Place your stop loss just under point X. Draw a new Fibonacci retracement from point A-D of the completed pattern and take profit at the point where the price will have retraced 61.8% of the distance between A-D. 🦀 Crab 🦀 Harmonic Pattern: The Crab is a reversal pattern that allows you to enter the market at extreme highs and lows. It is similar to the Butterfly pattern but the final C-D leg makes a deeper 161.8% extension of the initial X-A leg. To trade the Crab, enter the market with a long or short trade at point D of the pattern – the price should reverse direction here. Place your stop loss just below (bullish trade) or above (bearish trade) point D. For an aggressive profit target, place your take profit order at point A. For a more conservative profit target, place your take profit order at point B. 🦈Shark🦈 Harmonic Pattern: The structure of a shark pattern has an impulse leg (X-A) and a retracement leg (B). In this case, the retracement has no particular value. The continuation leg (C) has to get to a Fibonacci extension of 113 percent of the B-A leg, but shouldn’t go beyond the 161.8 percent mark, a retracement for X-C follows afterward. The shark pattern so obtained has to get to an extension of 88.6 percent of this retracement, but should not be more than 113 percent. The next Fibonacci extension will be B-C, which is an extension of the A-X leg, within the 161.8 to 224 percent range. But as far as entering a trade goes, it is different from other harmonic patterns, for example: The entry point should be at an extension of 88.6 percent of the O-X leg, and the stops will follow up at point C Targets can be at 61.8 percent of the B-C leg It is not difficult finding the zone to enter trades. This is the area where the X-C Fibonacci retracement and the B-C Fibonacci extension overlap The main factor that differentiates between the harmonic shark and other patterns is that it depends on the 88.6 percent and the 113 percent reciprocal ratios. Once the price point at D is created, prices decline or rally very quickly. Therefore it needs active management of the trade. In other words, you simply cannot set up the harmonic shark pattern and come back a while later to trade it. By that time price would have gone a major distance. 3️⃣ Three 3️⃣ Drives Harmonic Pattern: The three drives pattern is a reversal pattern designed to highlight times when the market is exhausted in its current move. The pattern has a bullish version and a bearish version. The pattern is composed of three waves or drives that complete at a 127% or 161.8% Fibonacci extension. The trade is entered in the opposite direction to the overall move when the third drive is completed at a 127% or 161.8% Fibonacci extension. The stop loss goes below the 161.8% Fibonacci extension for a buy and above the 161.8% Fibonacci extension for a sell. Draw a new Fibonacci retracement from the start of the pattern to the completion point of the pattern and take profit at the point where the price will have retraced 61.8% of that distance. 🔁 AB=CD 🔁 Harmonic Pattern: The AB=CD pattern helps you identify when a price is about to change direction so that you can buy when prices are low and sell when they are high. The pattern consists of three legs, with two equal legs labeled AB and CD, together they form a zig-zag shape – hence its nickname, the 'lightning bolt'. It can be used in any financial market and in any time frame. When a market is trending upwards, the first leg (A-B) is formed as the price rises from A to B. At point B, the price switches direction and retraces down sharply to form the B-C leg – ideally a 61.8% or 78.6% retracement of the price increase between points A and B. The price then continues its original uptrend, forming a C-D leg that should be the same length as the A-B leg. Once you have decided where you think the pattern will complete (point D), you should place a sell order at this point and look to profit from a price reversal. Place your stop loss a few pips above point D. Drawing a new Fibonacci retracement from point A to D of the completed pattern and a take profit at the point where the price will have retraced 61.8% of the distance between A and D. You would approach a downtrending market with a bullish (buy) trade at point D in exactly the same way – the pattern and your trading orders will simply be reversed.
BITSTAMP:BTCUSDEducation
by pejman_zwin
56
How to trade high impact newsIn this video, I explain a strategy for trading high-impact news that can be used on all asset classes, rinse and repeat. Find the best setups. for shorting, you want to be up high for the best probabilities of higher asymmetrical risk to reward opportunities. If you are in the middle of the day's range or even towards the lows, you still want to be up high in the session you are trading but be mindful that you may not have a runner so your targets will be shorter.
PEPPERSTONE:XAUUSDEducation
by Ross-J-Burland
🔠 The ABCD PatternThe ABCD is a basic harmonic pattern. All other patterns derive from it. The pattern consists of 3 price swings. The lines AB and CD are called “legs”, while the line BC is referred to as a correction or a retracement. AB and CD tend to have approximately the same size. A bullish ABCD pattern follows a downtrend and means that a reversal to the upside is likely. A bearish ABCD pattern is formed after an uptrend and signals a potential bearish reversal at a certain level. The rules for trading bullish and bearish ABCD patterns are the same, you will just need to take into account the direction of the pattern you trade and the movement of the market it predicts. 🔷Classic ABCD The point C should be at 61.8%-78.6% of AB. The point D, in its turn, should be at the 127.2%-161.8% Fibonacci expansion of BC. Notice that a 61.8% retracement at the point C tends to result in the 161.8% projection of BC, while a 78.6% retracement at the C point will lead to the 127% projection. 🔷AB = CD Here CD has exactly the same length as AB. In addition, it takes the market the equal time to travel from A to B as from C to D. As a Result, AB and CD have the same angle. This type of ABCD pattern is seen quite often and is popular among traders. 🔷ABCD Extension ABCD extension refers to when CD is the 127.2%-161.8% extension of AB. CD can be even 2 times (or more) bigger than AB. There actually are some signs that can hint that CD will be much longer than AB. They are a gap after point C or big candlesticks near point C. 📊Trading with ABCD pattern The key thing you should remember is that you can enter the trade only after the price reached the point D. Study the chart looking at the price’s highs and lows. It may be helpful to use ZigZag indicator (Insert – Indicators – Custom – ZigZag) that marks the chart’s swings. Watch the price as it forms AB and BC. In a bullish ABCD, C must be lower than A and should be the intermediate high after the low at B. Point D must be a new low below B. When the market arrives at a point, where D may be situated, don’t rush into a trade. Use some techniques to make sure that the price reversed up (or down if it’s a bearish ABCD). The best scenario is a reversal candlestick pattern. A buy order may be set at or above the high of the candle at point D. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
2
HARMONICS TRADING Hi trader happy new year, Using the BTC chart I like to explain harmonics trading. Has been a while since i started to write a book and I just want to put together the best information out there in one to share with u. The BTC chart shows a gartley bearish pattern formed from Dec 2021 to Mar 2022. The price has reached all targets the way down, remaining the 200% XA: 13725.95. Is price hitting 200% XA: 13725.95? I don't know based on the Gartley pattern the trade is done, however could be a probability. I will post the PDFs below the idea so u can have a look.
COINBASE:BTCUSDEducation
by TradeChartPatternsLikeThePros
2
The Doube Bottom Pattern - Bullish PatternThe **Double Bottom** is a price action pattern that is indicative of a trend change once activated. Price needs to establish a bearish expansion towards the lows before reversing with an impulse. The impulse then needs to get sold into; this will create a retest of the previous low that must hold. Price action will establish a “W” structure which become a sign of demand that leads to a bullish expansion. Key Characteristics of the **Double Bottom** - Price Action must first establish a bearish expansion - The retest of the previous low most hold - A ‘W’ like formation will confirm demand at the lows
Education
by AzizKhanZamani
1
HOW-TO: Auto Harmonic Pattern - BacktesterHi All, Here is a short video on how to use Auto-Harmonic-Pattern-Backtester-Trendoscope for building strategies using harmonic patterns. CAUTION: THIS IS NOT A STRATEGY AND SHOULD NOT BE FOLLOWED BLINDLY. WE ENCOURAGE USERS TO UTILISE THIS AS BACKTESTING TOOL FOR BUILDING THEIR STRATEGY BASED ON HARMONIC PATTERNS Notes about Strategy Properties Qty is percentage based and non leveraged. Since pattern size is not uniform, risk per trade is not uniform per trade as well. Default pyramiding is set to 4 - which means not all patterns will have trade if number of open trades is already 4 Key Settings Can be either long or short mode but not not both. This is due to pine limitations. Entry, Stop and Target settings along with Base are important in defining your strategy. External filters plays a major role in adding external elements to the strategy. This also enables users to build their own filters. More details in this video Strategy based alerts are different than custom alerts defined in settings. Custom alerts will fire for every pattern whereas strategy alerts will only fire upon generated trade signals. More details about Alert customisation is explained here . When setting alerts, please turn off displays - pattern drawing and tables. And also limit backtest to minimal bars. Please let me know if you have further questions.
Education
by Trendoscope
3
HEAD & SHOULDERS PATTERN AND A LIVE EXAMPLE IN AUDJPYHead & Shoulders pattern is popularized amount traders, the H&S is one of the first patterns traders come in contact with. H&S are formed in all time frames and in all markets. Here is an example of AUDJPY trading H&S in a Daily Chart. H&S are reversals patterns, they can be trade in all times frames but i like to use the H&S in smallest time frames as Price action reversal patterns, If I were trading other pattern than H&S the H&S in M30 for example would be a signal for me telling me it worth to take a trade amounts others trading methods.
OANDA:XAUUSDEducation
by TradeChartPatternsLikeThePros
Using Harmonic Pattern with Trend Following SystemHarmonic Pattern as system is known for finding possible reversal zones and hence assist in swing trading. But, most effective way of using harmonic patterns is in trend following. This can yield really amazing results when played with proper risk management. Conditions In trending market Established trend followed by pattern Trade Settings Enter on breaking out of pattern with 100% recovery Exit can be placed at farther distance or can also use trailing stop after certain profit. Need to be cautious on short trades as expectation of high risk reward may end up in negative territory. (Lowest price can be 0) Advantages Very high risk reward. Even with less number of wins, can get very high reward. Less slippage and commission Simple to trade and takes less human effort. Disadvantages Lower win ratio. (Does not impact profit) Longer trades need more patience
Education
by Trendoscope
3
HOW-TO: Wolfe Strategy [Trendoscope]Just made this short video to explain the concepts of Wolfe Strategy which I recently published. Wolfe wave is popular concept among option traders. However, I have made some tweaks in this strategy to standard wolfe pattern trade rules. Entry price based on breakout No moving target - using flat target. Entry is done based on risk reward Not time bound Intelligently decides whether to place stop order or limit order Few possible future improvements Make bidirectional trades possible Better filters to chose long and short trades or when to trade Lot can be improved on Wolfe scanner to identify more patterns Exit strategy - can introduce optional trailing Thanks for listening. Hope you enjoyed and learnt something from this :)
Education
by Trendoscope
5
Trading with Candlesticks Harmony - Above 80% Win RateIn this video I discuss how to use simple wave-analysis and how to use candlesticks harmony in 5 or 15 minutes time-frames to trade with success. This sterategy even works on 1 minute time-frames for some forms of countable harmonies... --- Gerald Mann was born Mr. Peiman Ghasemi on February 16, 1988. He got deported from Turkey to Iran where he is exit banned now. Alongside trading, he is also wishing to gain the freedom to leave the country. On the other side the silence of the related governmental departments of the U.S. is obvious. There is no answer.
SP:SPXEducation
by GeraldMann
Elena_95 Gold Outlook 2023: The global economy at a crossroadsGold Outlook 2023: The global economy at a crossroads The global economy is at an inflection point after being hit by various shocks over the past year. The biggest was induced by central banks as they stepped up their aggressive fight against inflation. Going forward, this interplay between inflation and central bank intervention will be key in determining the outlook for 2023 and gold’s performance. Economic consensus calls for weaker global growth akin to a short, possibly localized recession; falling – yet elevated – inflation; and the end of rate hikes in most developed markets. In this environment which carries both headwinds and tailwinds for gold, our key takeaways are: ~Mild recession and weaker earnings have historically been gold-positive ~Further weakening of the dollar as inflation recedes could provide support for gold ~Geopolitical flare-ups should continue to make gold a valuable tail-risk hedge ~Chinese economic growth should improve next year, boosting consumer gold demand ~Long-term bond yields are likely to remain high but at levels that have not hampered gold historically ~Pressure on commodities due to a slowing economy is likely to provide headwinds to gold On balance, this mixed set of influences implies a stable but positive performance for gold That said, there is an unusually high level of uncertainty surrounding consensus expectations for 2023. For example, central banks tightening more than is necessary could result in a more severe and widespread downturn. Equally, central banks abruptly reversing course – halting or reversing hikes before inflation is controlled –could leave the global economy teetering close to stagflation. Gold has historically responded positively to these environments. On the flip side, a less likely ‘soft landing’ that avoids recession could be detrimental to gold and benefit-risk assets. Bumpy road ahead Economic growth: short sharp pain There are now many signs of weakening output due to the speed and aggressiveness of hiking moves by central banks. Global purchasing manager indices (PMI), now in contraction territory, indicate a deepening downturn across geographies, and economists are warning of a material recession risk Consensus forecasts now expect global GDP to rise by just 2.1% next year. Excluding the global financial crisis and COVID, this would mark the slowest pace of global growth in four decades and meet the IMF’s previous definition of a global recession – i.e. growth below 2.5%. Policy and inflation: higher for longer It is almost inevitable that inflation will drop next year as further declines in commodity prices and base effects drag down energy and food inflation. Furthermore, leading indicators of inflation tell a consistent story of a moderation. This brings us to the implications for monetary policy. The policy trade-off for nearly every central bank is now particularly challenging as the prospect of slower growth collides with elevated, albeit declining inflation. No central bank will want to lose its grip on inflationary expectations resulting in a strong bias towards inflation fighting over growth preservation. As a result, we expect monetary policy to remain tight until at least mid-year. In the US, markets expect the Fed to start cutting rates in the second half of 2023. Elsewhere, markets expect policy rates to come down more slowly than in the US, but by 2024 most major central banks are expected to be in easing mode. Macroeconomic implications for gold Gold is both a consumer good and an investible asset. As such, our analysis shows that its performance is driven by four key factors and their interactions: 1-Economic expansion – positive for consumption 2-Risk and uncertainty -- positive for investment 3-Opportunity cost – negative for investment 4-Momentum – contingent on price and positioning. These factors, in turn, are influenced by key economic variables such as GDP, inflation, interest rates, the US dollar, and the behavior of competing financial assets. Recession: portfolio ballast A challenging combination of reduced but still elevated inflation and softening growth demands vigilance from investors. The likelihood of recession in major markets threatens to extend the poor performance of equities and corporate bonds seen in 2022. US dollar: trending down After strengthening for nearly two years straight, the US dollar index (DXY) has recently seen a steep drop, despite continued widening of – both actual and expected – rate differentials. It seems that reduced demand for dollar cash was the likely culprit. Next year, we see a more complex dynamic driving the US dollar. First the shoring up of energy needs in Europe will, in the immediate future, continue to reduce pressure on the euro. Second, as central banks in Europe, the UK and Japan continue to take a more hands-on approach to their respective currency and bond markets some of the pressure on domestic exchange rates could ease. All things considered, the dollar is likely to be pressured particularly as falling inflation and slower growth take hold. And a dollar peak has historically been good for gold, yielding positive gold returns 80% of the time (+14% on average, +16% median) 12 months after the peak. Although currently very high in REER terms and likely one of the catalysts for the recent turn, the starting valuation for the DXY has been less important in determining the magnitude of gold returns. Regards: Elena_95 Merry Christmas
TVC:GOLDEducation
by ElenaMayi
2
Illan mask Elon Musk: The Federal Reserve's recent rate hike may go down in history as the most destructive in history News category: negative ⛔️ Summary : ▪️ Tesla CEO and Twitter boss Elon Musk says the Federal Reserve's recent rate hike "may go down as the most damaging date in history." The billionaire has called on the Federal Reserve to cut interest rates immediately, stressing that the US central bank is "drastically increasing the likelihood of a severe recession." ▪️ His warning was in response to a tweet by former investment manager Genevieve Roche-Dektor that "the Federal Reserve has never raised rates faster than this year." At the risk of being repetitive, this Fed rate hike may go down as the most damaging in history, Musk wrote. Roch Decker also included a chart with his tweet showing that the Fed has raised interest rates more and faster this year than at any other time in modern history. Musk also blamed the Federal Reserve for the loss of Tesla's market value. Investment adviser Ross Gerber tweeted last week: “Elon has now wiped $600 billion off Tesla's fortune and has yet to wipe anything from Tesla's BOD . This is completely unacceptable." Musk replied: Tesla is performing better than ever. We do not control the Fed. Here is the real problem. ▪️ This billionaire has warned several times about the dangers of raising interest rates by the Federal Reserve. Earlier this month, he warned that the recession would worsen if the Fed raised interest rates again. Then the Central Bank increased the interest rate by 50 points after four consecutive increases of 75 points. Last month, Musk warned that "the trend is worrisome" and stressed that the Fed "must cut interest rates immediately." He added: "They are strongly strengthening the possibility of a severe recession." The billionaire also previously said that he believes the recession will continue until the spring of 2024.
Education
by dr_bandarchi
Harmonic Pattern with Multiple Confluence for Point X and DThis is an example of regression channel with harmonic pattern. By using Simple OHLC Custom Range Interactive, we able make confluence point (blue) to get Point X of Bullish Butterfly. There are many confluence points (orange flag and teal table), which shows Point D of Butterfly starting to complete. For Point D, best to monitor price changes using RSI or other similar RSI (Cyclic RSI, etc). Indicator used : 1. Regression Channel Alternative MTF 2. HH-LL ZZ 3. XABCD Harmonic Pattern Custom Range Interactive 4. Simple OHLC Custom Range Interactive 5. Cyclic RSI High Low With Noise Filter
MYX:FKLI1!Education
by RozaniGhani-RG
SMC TrapHello traders - In this part, we will talk about the smart money trap. - There are a lot of traps for traders left by big boys in the markets to take your money. That's why it's important to be careful, and don't swim with fish but swim with sharks if you don't want to be eaten. - The move is designed to first take out early sellers, then take SMC traders. -We'll explain this example in a few steps: 1) We see that the price is in a downtrend, reacting from OB, and supply has full control in this situation. 2) We can all assume that the price will continue to be bearish. 3) Now you can see that the price is coming aggressively to the last OB, and before that, we had WBOS, and there was a trap made for SMC traders. 4) This is inducement, and we talked about it in one of the previous posts, you can go back to it for a more detailed explanation. 5) This OB is not valid for us, because we have seen a lot of liquidity that the price needs to pick up and an aggressive retest. 6) We waited for the price to pick up all the SMC entries, and then the price came to our safe entry, which is marked on the chart as a valid OB. If you liked this example, leave a like for more content like this.
BITSTAMP:BTCUSDEducation
by hybridtradingfx
4
History of the American Dollar. Ups and Downs 1825-1906: US begins market operations to maintain the gold standard. 1924-1931: US engages in number of market operations, including buying foreign currencies, to maintain the gold standard. 1934-1961: US Treasury creates the Exchange Stabilization Fund (ESF), conducts frequent operations directly in foreign exchange markets. 1971: Nixon Administration ends USD convertibility to gold, which had become unsustainable due to the large supply of dollars outstanding relative to gold reserves. 1973: US conducts intervention against German mark. 1974: US conducts intervention against Japanese yen. 1976: The USD officially becomes: fiat currency. 1977-1979: Very easy monetary policy weakens the USD. US intervenes often to support USD. 1979: Fed announces change in its open market procedures to combat inflation and, partly, to support a weakening USD. 1980-1981: US intervenes to tame strengthened dollar. 1985: Major economies agree in the Plaza Accord to devalue the USD relative to the JPY and DEM. In the following weeks, US intervenes often, selling dollars for other G5 currencies. 1987: Major economies sign Louvre Accord to halt USD depreciation. In coordinated interventions, US intervenes often to buy USD. 1988 - 1990: US intervenes repeatedly after G7 statement on importance of maintaing exchange rate stability. 1990: USD appreciates on a backdrop of solid economic growth and dormant inflation. 1991-1992: US and European central banks intervene often against the backdrop of a US recession and weakening USD. 1993: US intervenes to buy dollars and sell yen. 1994: Fed unexpectedly starts rate hiking cycle on an improving economy following the recession. US intervenes repeatedly to support the USD. 1998: US intervenes to purchase yen in a coordinated intervention to support Japan's economy following the Asian financial crisis. 2000: Dot-com bubble bursts. leading to recession. 2000: Coordinated G7 FX intervention to support the Euro, initiated by the ECB. 2001: 9/11 attacks increase overall uncertainty. Fed lowers rates to prop up the economy. 2002: Japan intervenes, selling yen for dollars, often supported by the Fed and ECB. 2004-2006: Fed tightens policy to curb inflation. 2008: Global Financial Crisis ushers in an era of exceptionally easy monetary policy in the US, much of the developed world, and some EMs. Flight to safety strengthens the USD. 2010: Euro sovereign debt crisis unfolds. 2011: US. UK and European central banks sell yen in a coordinated intervention following a sharp rise In FX volatility as a result of an earthquake in Japan. 2011: Standard & Poor's downgrades US sovereign debt; flight to safety nevertheless boosts USD in the months that follow. 2014: USD begins to rally on the back of stronger growth relative to other major economies and divergence in DM monetary policy. 2015: Fed begins raising rates. 2015: China surprises global financial markets by devaluing the renminbi for three consecutive days. 2017-2018: USD depreciates on the back of convergence in global growth, President Trump's sentiments for a weaker Dollar, and strength in other major currencies, particularly the euro. 2018-2019: USD rallies on tax reform and Fed's continuing tightening cycle. 2020: COVID-19 spreads globally; recession begins. March 2022: Fed begins raising rates again. July 2022: Dollar reaches parity with the euro for the first time since 2002. Source: Federal Reserve Board, Congressional Research Service, Haver Analytics, various news sources, Goldman Sachs GIR. Regards, R.Linda!
TVC:DXYEducation
by RLinda
43
Paid in Cryptocurrency: The Salary Of The Future?With the introduction of cryptocurrencies into our lives, there have been changes in the economy and our habits. In this century everyone wants to access everything easily and quickly. Likewise, employees want to be paid in time without any effort. So, now we talk about the new idea of salary with cryptocurrencies. These days some brands have started to pay in cryptocurrencies. However, we should take a look at positive and negative effects and also how and where we can find that kind of job. First of all, I want to explain how and when cryptocurrencies started. At first it was a long time ago when they found the crypto. Over years they developed the cryptocurrencies and in 2009 Bitcoin has joined our lives. After Bitcoin came out, most people realized the importance of crypto. Actually, it was a good idea to invest in Bitcoin because it was so expensive and you could double your money. After Bitcoin, some altcoins have started. Ethereum, Dogecoin and many more altcoins are also quite famous. In fact, a lot of people earn money thanks to cryptocurrencies. But you should be wise about it because it’s like gambling. Therefore, you should be aware of the risks. POSITIVE ASPECT OF BEING PAID IN CRYPTOCURRENCY First and foremost, when receiving payment with cryptocurrency, it doesn’t include any tax. Also the transaction of crypto money is so easy. You can do it from an application. Another positive aspect of being paid in cryptocurrency is that it can be converted into any currency internationally. Moreover, for companies looking to hire more employees to work online, crypto can be a great way to pay staff evenly and then have them convert to their local currency. NEGATIVE ASPECT OF BEING PAID IN CRYPTOCURRENCY Like every good thing, crypto also has a lot of risks as I mentioned before. In particular, you can either earn good or lose for good, so it can be tricky in many cases. In fact, you can check data and do your research but in the end, you never know for sure. There are lots of parameters that affect the market prices. Sometimes that relies on other markets, or politics, or sectors, or even a person. By ‘a person’, you might have an idea of who we are talking about. Of course, it is no one other than, mighty Elon Musk. In 2021, Elon Musk changed the whole market prices by just mentioning Bitcoin in one of his tweets. Something similar happened when he put the symbol of Bitcoin into the description part of his account. But of course, he is fully aware of his actions. These actions may be a game to him but ethically, the situation he caused is not fair. In times like this, what is fair is not so important. This is because there is nothing to do to change what happened. Crypto-market can get affected by many different concepts. Because of all this, paying in crypto can be risky and should evaluate positive and negative aspects carefully. HOW AND WHERE CAN YOU FIND A JOB PAYING IN CRYPTO? If you want to find a job and receive payment with crypto money, there are a lot of websites and applications for that. For example, you can check out these; Bitcoiner Jobs, Proof of Talent, Crypto Jobs, AngelList. You need to apply them with your CV and you should explain why you are interested in this kind of job. Also you should highlight that you know all the risks. There are vacancies for social media managers, product managers, Graphics designer, Bitcoin Developer etc. So, if you are curious or just fond of trying something new, here is your chance! I hope you found this post informative and beneficial. Feel free to leave a comment :)
OANDA:BTCUSDEducation
by vf_investment
6