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BTC Dominance IndexThe BTC Dominance Index is an indicator that shows bitcoin’s share in the total capitalization of cryptocurrencies. The higher dominance is, the more considerable influence of BTC on market According to the analytical website Coinmarketcap, the total value of all cryptocurrencies in the world is $985 billion, of which $380 billion, that is 39.5%, accounts for bitcoin. This index is called the “dominance of BTC”. The TradingView service began calculating the index in March 2014, and during the first three years, the index was at a level of more than 95%. In 2017, the ICO boom began, after which retail investors started actively investing in altcoins. This caused bitcoin’s dominance to fall and the capitalization of other crypto projects to rise. During the “bear cycle”, when the crypto market was in decline in the 2018-2020s, BTC’s dominance was growing, but the price of bitcoin itself was declining. This is because the volatility of altcoins is much higher than that of the main cryptocurrency. Due to this, altcoins rise more in a bull market and fall more in a bear market. BTC dominance does not necessarily correlate with the price. When bitcoin’s value falls, and other cryptocurrencies’ prices fall at a similar rate – BTC dominance will remain at the same level.
Long
by DEXWireNews
What the 4,300 Mean for the S&P 500The recent price action on the S&P 500 has been very interesting. While the long run outlook for this index is up, the recent price action tells a different story. The S&P 500 experienced an excellent bull run from April 2020 to December 2021. The year 2022 was shaky with huge whipsaws at just about every other month. 2023 looks like we might be getting some stability as the S&P 500 resumes its uptrend. That is, until it entered the range previously formed around the December 2021 high. Things took an interesting turn as this week ended with a huge selloff. This is an indication that the 4,320 to 4,360 range (see the rectangle) is holding and acting as resistance in the formation of a lower high. If this level holds up, then it's very likely we begin to see a downtrend for the next little while. Which, by the way, will be supported by a moving average cross-over as confirmation. Given the fundamentals that we're seeing, this is a real possibility. Consumer income growth falling short of inflation. Corporate layoffs driven by the technology sector show no signs of stopping. Hiring freezes are beginning to take place. Finally, more and more people are dipping into savings and credit to either meet bills or maintain the lifestyles they can't afford.
OANDA:SPX500USD
by FinancialGamblR
S&P500: A rare buy opportunity within this MA zone.S&P500 is making contact today with the 1D MA200 for the second time in 2 weeks. The 1D technical outlook is naturally bearish (RSI = 38.503, MACD = -22.450, ADX = 29.479) since the 3 month pattern is a Bearish Megaphone and we are on the third selling sequence. It is not necessary to make a new direct hit on the LL trendline as the utmost technical support level in long term uptrends is the 1W MA50 and is where the second and last buy entry can be attempted. Our target is the 1D MA50 (TP = 4,360). See how well our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500Long
by InvestingScope
DAX: Rebound expected to test the 1D MA50.DAX is trading inside a Channel Down since July 31st and lately has been on the decline after a rejection on the 1D MA50. Naturally, its 1D technical outlook is bearish (RSI = 38.140, MACD = -103.800, ADX = 23.717) but also low enough to justify a short term rebound. We expect one last 1D MA50 that will decide the long term trend and based on the previous -6.50% pre-bearish leg, this should be on the 0.786 Fibonacci level. That is marginally under the top of the Channel Down and that is our target (TP = 15,450). See how well our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:DE40Long
by InvestingScope
1
US30 D1 - Sell zone from 35,000US30 H8 We indicated the 34000 sell zone yesterday, and we have since seen a tame 1.5R from this area. Speaking with a few followers, this is something they've capitalised on. That being said, the concern for DXY downside throws a spanner in the works, and the chances of US30 pushing towards 35000 is becoming more and more. 35000 is certainly a preferred sell zone, psychological price, D1 resistance and supply, 2 previous tests. Also, this would tie in with US100 15500 target pace too.
BLACKBULL:US30Short
by Trade_Simple_FX
SPY S&P 500 ETF 2023 Forecast. CPI Report PredictionAfter those Put options went to the target: My timeline for SPY S&P 500 ETF after the CPI report on Feb 14 is this: 1. CPI data will come better than expected. The medium forecast in 6.2, I expect 6 - 6.1. - The market will be exuberant afterwards and SPY will reach $431 by March 1st, thinking that the FED won the fight against inflation. 2. While inflation continues to be sticky in March, the FED will continue increasing interest rates and won`t stop until something cracks in the economy. Another 25bps increase. - The market is expected to react and the SPY will reach $376. 3. They year will end in a positive note, the was in Ukraine will end and the supply chain disruption that was one of the factors of high inflation, will be restored. Inflation don to 3%. My prediction for SPY by the end of the year is $436, a 15% increase YOY. Looking forward to read your opinion about it!
AMEX:SPYLong
by TopgOptions
2
S&P500: Bearish as long as the Megaphone holds.Bullish if brokenS&P500 hit the 4,375 target of our last signal (chart at the end) and turned neutral on the 1D technical timeframe (RSI = 54.575, MACD = -15.020, ADX = 40.128). The rise is now approaching the 1D MA50, over which the new top was formed before on the LH of the Bearish Megaphone. We will wait for the top and short, aiming at the 0.5 Fibonacci retracement (TP = 4,325) as it happened with the September 7th pull back. If the price crosses over the LH, we will wait to buy on the first pull back near the 1D MA50 and target July's High (TP = 4,600). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500
by InvestingScope
9
DOLLAR IdeaGood morning, traders. Yesterday, we witnessed a push down in the dollar and an upward move in EUR/USD. We're still trading within a range, and we noticed the first sign of weakness in the dollar index as it failed to make a lower low. Today, we have news releases that can influence the dollar, so exercise caution when trading dollar pairs. We're patiently waiting for a swing trade opportunity on EUR/USD, but first, we need to see the dollar break through levels around 105.500. Once that happens, we'll actively look for swing trades on EUR/USD. Stay patient, my friends. There's no need to take unnecessary risks. The market offers plenty of opportunities. Happy trading!
CAPITALCOM:DXYLong
by danielfadelay
US CPI Data, Fed Rate Hike Decision Due This Week: Implications The US Customer Cost Record (CPI) information for September is due to be discharged on Wednesday, taken after by the US Government Reserve's intrigued rate choice on the same day. Both of these occasions have the potential to altogether affect the forex and stock markets. The CPI information could be a degree of expansion, and a higher-than-expected perusing may lead to assist tightening of monetary arrangement by the Encouraged. This can be since the Bolstered is entrusted with keeping expansion in check, and it'll likely raise intrigued rates on the off chance that expansion is running too high. A higher-than-expected CPI perusing might too lead to a sell-off in stock markets. This is often since higher intrigued rates can make it more expensive for companies to borrow cash and contribute, and it can moreover weigh on buyer investing. The Fed's intrigued rate choice is additionally likely to have a major affect on the forex and stock markets. A 75 premise point rate climb by the Bolstered is broadly anticipated, but a larger-than-expected rate climb might lead to a sell-off in stock markets and a more grounded US dollar. Forex Suggestions A higher-than-expected CPI perusing or a larger-than-expected rate climb by the Nourished may lead to a more grounded US dollar. This is often since financial specialists tend to purchase secure safe house resources, such as the US dollar, when they are expecting higher intrigued rates or instability within the markets. Stock Suggestions A higher-than-expected CPI perusing or a larger-than-expected rate climb by the Fed may lead to a sell-off in stock markets. This is since higher interest rates can make it more costly for companies to borrow cash and contribute, and it can too weigh on customer investing. Conclusion The US CPI data and the Fed's intrigued rate choice are two of the foremost critical financial occasions of the week. Both of these occasions have the potential to significantly impact the forex and stock markets. Speculators are exhorted to screen these occasions closely and be arranged for instability. Sources: Bloomberg: "US CPI Data, Fed Rate Hike Decision Due This Week" Reuters: "US CPI Expected to Ease in September, But Stay Elevated" I hope this post is helpful. If you agree with the idea, please follow and share this with others too. This analysis is based on the information at the date it is posted. This analysis does not represent professional and/or financial advice. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information. Any feedback is encouraged and appreciated. Thank you and have a nice day!
CAPITALCOM:DXY
by YExplore
Dollar Bulls Persistently Pushing DXY Following our recent examination of the American Dollar Index (DXY), the bullish momentum has continuously propelled the dollar, reaching peaks not observed since November 2022. It's worth noting the impressive streak of 11 consecutive weekly green candles. As we inch closer to a historically significant reaction zone, there's been a noticeable price rejection of over 1%. The week ahead is shaping up to be tumultuous, potentially magnified by several key events. Major Events Lined Up This Week: 1. September PPI Inflation - Expected on Wednesday. 2. Fed Meeting Minutes - Slated for release on Wednesday. 3. September CPI Inflation - A highlight for Thursday. 4. OPEC Monthly Report - Also to be unveiled on Thursday. 5. Jobless Claims Data - Thursday promises to be bustling with this data on the docket. 6. Fed Speaking Events - Various engagements are scheduled throughout the week. These events, primarily centered around inflation and anticipated responses from the Federal Reserve, suggest that the weeks ahead could wield a significant influence on market sentiment. Current chart patterns indicate that the probability of the dollar touching the 110.00 price mark is on the rise, supported by the bullish PA & channel. However, adverse news for the dollar might trigger a potential reversal. In such a scenario, the 105.50 to 105.75 range stands out as a primary reaction zone. A breach below this area could signify DXY's shift towards a bearish trajectory. A word of caution, especially for the novices: the markets can be notoriously unpredictable, more so during event-loaded weeks. Exercising caution, staying informed, and emphasizing risk management are a must. I'll be on the lookout and will touch base in a few days, waiting to observe the daily closing patterns over the next 2-3 days and the market's response to the week's opening events. This information should be viewed as guidance and not definitive instructions. Thorough research and consultation with a financial advisor are essential before making any investment decisions.
TVC:DXY
by Blast910