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March

Bear MArket Warm UP U.S. stock markets opened sharply lower on Thursday after a new 40-year record high for U.S. inflation stoked fears that the Federal Reserve will have to raise interest rates repeatedly this year. Earlier, official statistics showed the consumer price index rose 0.6% on the month and 7.5% on the year, its highest since 1982. The rise in prices was broad-based, with the majority of sub-categories for various goods and services showing an inflation rate of over 5%. The labor market, too, showed further signs of having ridden out disruptions from the wave of Omicron-variant Covid-19 quickly, with initial jobless claims falling by more than expected last week to 223,000. The figures were a disappointment to the bond market too, pushing yields (which move inversely to prices) at the long end of the curve up by around 5-6 basis points. The benchmark 10-Year Treasury note yield, which had fallen on Wednesday after a well-received auction, rose to 2.00% for the first time since August 2019. CRYPTO is not the safe haven dont be..... you know it.
TVC:US10Y
by ElGatoTrade
Eth Ready for Bull Run as 60 Whales with More Than 100k ETHThe Ethereum network is experiencing an influx of whales, a phenomenon that has preceded bull runs for the asset in the past. Data from Santiment shows that the price of the second-largest cryptocurrency by market cap is correlated with the number of whales holding 100,000 or more ETH. 60 whales join the Ethereum network As ETH price is correlated with the number of whales holding 100,000 ETH or more, an increase in the number of whales means that a new bull run is underway. Crypto analyst Ali Martinez says 60 whales have joined the network in 2022, “signaling the start of a new bull run.” This is no wonder because Ethereum is becoming attractive to investors recently. First, the network has so much to offer, being the foremost blockchain for smart contracts and apps. These are just two of the many aspects of Ethereum that have found many applications in everyday life. As a result, analysts and supporters of the network believe that ETH is highly undervalued. Another possible reason for the influx of whales could be the plan to migrate Ethereum to Proof-of-Stake. Though this has been delayed several times, it is clear that the network will become far more competitive when the migration finally happens. Devs and ordinary users alike are looking forward to the transition which will cut gas fees, make transactions faster, and push the price of ETH higher as more users patronize the network. 13 whales join the Ethereum network in a few days In the past few days, thirteen whales holding above 100K ETH joined the network, Since March 14th, such top wallets have shown an increase of 4%.
BITFINEX:ETHUSDLong
by IPatrice
14 New ETH Addresses Bought 1159 MeebitsQuick take: 14 Ethereum addresses with no NFT history purchased 1159 Meebits between March 5th and March 11th These purchases were before Yuga Labs acquired the Meebit collection created by Larva Labs The transactions have raised accusations of insider trading However, NFTs and cryptocurrencies are yet to be fully regulated 14 new Ethereum (ETH) addresses have been highlighted for purchasing 1159 Meebits between March 5th and March 11th. These purchases were significant in that they were carried out days before the March 12th announcement that the Meebit Collection of NFTs had been acquired by Yuga Labs.
FTX:ETHUSDLong
by vaycumerti
TRON Grand Hackathon 2022 WINNERSTRON Grand Hackathon 2022 announced the winners of its Season 1 event. The panel of judges, which consists of eminent industry leaders, said they were pleased with the projects they received this season. They already await Season 2, where registration will begin on May 16, 2022. Running from March 8 to March 11, Season 1 amassed over 120 submissions, all vying for the aggregate prize money of $500M spread between four tracks, Web 3.0, NFT, GameFi, and DeFi. Season 1 Winners In the GameFi Track, the winner is TronNinja Arcade by the TronNinja Team. TronNinja is an NFT GameFi project on the TRON blockchain where users will be able to use their NFTs as characters in-game while earning in-game tokens. Their goal is to bring back the social aspect that arcades had. In the Web3 track, the winner is dCloud by Cctechmx. Their mission is to create an Open Source Web3 Cloud storage mobile app enabling its own ecosystem to enjoy a self-sustainable and shared economy.
KRAKEN:TRXUSDLong
by spidgoastanid
SPY COULD FORM A MACRO WEDGE - INTEREST RATESGet your tin foil hats ready for this one folks. It's a long shot, but just throwing this perspective out there to see how it lands in a few weeks. SPY loves to form wedges, especially after the breakout of other patterns. In this case, SPY was forming quite the strong channel since September, until it broke out in January (see chart below) Now that it has broken out, and volatility is at its highest, one potential outcome is SPY / SPX forming a wedge to calm the storm. Here is where it gets interesting - charts also love symmetry. The price action on one side of a pattern often times matches the price action on the opposite side as well (time is a factor that affects how this looks on the chart, either squeezing or elongating the trends) Before SPY dumped in January, it had a stair stepping, wedge-like pattern on it's way up - which took 200 days to reach ATH from $415 (a key level). SEE BELOW Now here is where the tinfoil hat comes on. So far, SPY has mimicked the double bottom formation first seen on the left side. SEE BELOW Notice both form a 'W' shape, with the left side having less volatility, and therefore having more time to form price action (30 days) The right side having more volatility, formed a similar pattern in 10 days. 1/3 of the time This would make sense if we also look at the volume, which is on average 2.4x higher than last September / October. Following this same logic, we should reach 415 in approximately 1/3 the time it took for SPY to reach ATH from 415 (200 days mentioned previously.) That means it would take ROUGHLY 66 days to reach 415 from ATH -- March 11 -- The Friday before the first released rate hike and when the FED will release their interest rate plans. This would put the March 15 - 16 FOMC meeting right at the vertex of this wedge. The MACD also confirms this in a way. If SPY continues its current MACD trend on the Monthly, it should approach baseline in March, flipping red (Take a look at SPY chart, and what happens when the monthly MACD flips red without a catalyst like the FED meeting.) It also means we could see a more volatile spike to around 460 in the very short term (first week of February or so) and then a trend down from there. What are some problems with this perspective? It's based entirely off of connecting dots that may not even be there. Also, with all of the news and volatility happening right now, SPY could do something completely un-organized and un-predictable, but it doesn't hurt to try. This post was written largely for fun, and I'll keep the analysis in the back of my mind. However, I do not plan on basing any of my strategies or trades on the idea alone. Let's see how poorly this ages ;) - Thanks for reading!
AMEX:SPYShort
by SJ_CAP
3
NVDA PRICE TARGET OF 232 - TOMORROW, MARCH 3NVDA slowly creeped up on Wednesday, March 2nd, with little volume (a sign of weak momentum) and closed the day with an impressive selloff - leaving price below the 15m 9ema. NVDA has two options tomorrow the way I see it. The first and most likely, is price drops to 232 and possibly even tests 226. This is will depend largely on the open tomorrow, and whether or not price stays below the 15m 9ema. This is backed by the the up trend being broken and the On Balance Volume indicator showing a steep decline. The second and least likely, is price continues to creep up, retesting the upper trendline region of 250/252 - although I see it being very difficult for bulls to find the momentum to break through these strong resistances. Of course, these analysis are becoming less reliable as the situation in Ukraine and Russia unfolds and updates.
NASDAQ:NVDAShort
by SJ_CAP
2
BTCUSD price predictionTo truly see what this value point indicates for the BTC cryptocurrency token, we will be looking at the token’s all-time high value, alongside the performance the token showcased throughout the span of the previous month. The all-time high value of Bitcoin (BTC) was on November 10, 2021, when it reached a value of $69,044.77. This gives us an indication that at its ATH, the token was $33,472 higher in value or by 94%. When we go over the token’s performance throughout the previous month, Bitcoin (BTC) had its highest point of value on January 2, 2022; then, it reached a value of $47,730.23. The lowest value the token decreased to throughout the month was on January 24, when it saw a value of $33,495.91. This marked a decrease in value of $14,234.32 or by 30%. However, from January 24 to February 24, BTC is still $2,076.86 higher in value or by 6%, despite its recent decrease in value. This still puts BTC at a solid price for purchase, as it can get back up to $38,000 by the end of March 2022.
COINBASE:BTCUSDLong
by wanlebarnngir
Solana connecting multiple wallets.The Exotic Markets team welcomes any feedback users have to offer. Moreover, they are open to suggestions and new ideas. Moreover, users can report bugs through an on-chain reporting solution, with the most complete report yielding NFT vouchers. An audit of the Exotic Markets protocol will occur in March 2022, courtesy of elite blockchain cybersecurity firm Halborn. Halborn specializes in advanced pen testing and security audits for Layer 1 blockchain protocols. Following the audit, the Exotic Markets MainNet will launch at the end of March 2022. Exotic Markets raised $5 million in a private investment round in late 2021. The private token sales welcomed investors including Multicoin, Ascensive Assets, Animoca Brands, Morningstar Ventures, and others.
NASDAQ:AAPLLong
by Danielle81434
STOCK MARKET CRASH MARCH 2022 (LOG4J)This is the key chart to understand the market. Let's break it all down and what is likely to happen in Q1 2022. First things first, it was not BTC which broke down first today, it was the stock market. The Dow ranged sideways for 9 months, not being able to break the high established in May. This has been highly reflected in the price action of Bitcoin, which was not able to maintain the bullish uptrend for more than one month at a time. Despite all the injection of monetary supply since March 2020, the health and uptrend of the stock market has not been healthy. The economy has not worked at full capacity, and a smoke screen of monetary policies cannot hide the state of the economy and of assets prices. Governments in Europe have just in the last four months increased the cost of energy by 800% in some countries, having a negative effect far and wide, not only to people and industries, but also for BTC, considering the cost of energy for mining. This also involved Kazakstan. The consequences of crypto downturn involve geopolitical events, that are now just starting to add up together and which might further affect the market in 2022. If you look closely at the slope (angle) of the 200 MA on the Dow Chart, you can see that it's flat. What is happening is that it signals indecision, and it does not happen very often in stocks. Just in the last month we had three tests of support, indicating that the Dow will probably break down in the near future. The compression of prices create large movements, this is an observed phenomenon in the market and also in physics. Stored energy will at some point be released, if a threshold is reached. That's what is now happening with stocks, and the difficulty to break the key resistance is indicating that the large movement will be down. The large portion of the correction will, according to my estimates happen in March. This coincides with numerous economic and cybernetic events such as the FED largest taper of bond buying or the LOG4J problem, which will further put pressure on stocks. The correction can range from the 0.618 FIB ($25,000 ) down to the 0 FIB ( $14,131 , down -63% from the TOP), which can take BTC all the way back down below 25k. If it happens, it will be similar to the dot.com crash with the internet companies, only this time it will happen with crypto.
TVC:DJIShort
by Toni_G21
2
Gold and DXY - What does 94+ imply? "Look for the arch in March"Gold has been in consolidation since the summertime highs. The fundamental picture for gold is the same and strengthening. Lots of noise about the rising dollar and the 'end-of-days' for precious metals. While there are many obvious cases for Gold fundamentals, we are often presented with the binary view (ST speculator noise) where DXY and GOLD have an inverse relationship. Instrumental correlation with gold in fact changes over time, for example since 2019 TLT and US10Y have been much more closely correlated with GOLD, but we won't dismiss the psychological impact of a rising DXY. So here is where I think we are based on past patterns. Looking for a rising DXY in a gold bull market phase takes us back to 2010, analogous to where we are now assuming (somewhat) symmetrical bull markets. This window shows a period of initial decline into support and then strengthening along with the DXY. This 181-day window for this phase to play out can be applied to where we are now with some success. From an initial turn-up of the DXY and the simultaneous drop from highs, we bottom this first decline in early March at NOV LOW levels. This test of NOV 30 LOWS in EARLY MARCH (1764 around the ~5th?) tests the 10yr arc support, before a similar rise of equal value brings us back to testing the summer highs and beyond. The DXY can continue to rise, which may initiate the sell-off into support before resuming the up-trend in spring into summer. I think this early March bottom is supported by the similar NOVEMBER/MARCH 2012 (Yellow) resistance tests at the same level, now flipped to support. I'm not a big believer in seasonality for gold, as much as I would say, CORN, but the NOV/MAR 1764 symmetry is noted! One concern with this may be that 94 on the DXY (above the yellow horizon in the lower pane) is a much higher, more psychological level than was present in 2010. A rise from current levels into and through 94 is marked out in purple April 2018 window by a similar selloff and eventual resumption. This is the most I've felt like writing here, maybe my presentation skills need to catch up with my thinking. But let's sum up by saying: "LOOK FOR THE ARCH IN MARCH" - March 5th 1764 support, bull off double bottom to test highs in July BONUS: This model gives an initial PT for OCT 2022 of 2648. But let's get through March first. Zoom out, chill out. Peace.
TVC:GOLDLong
by ptero1492