My total market cap price predictionJust some guessing here based on some Fibonacci lines. But if my predictions come out, then we'll have a 4 Trillion total crypto market cap around may 2025.
This could also be the top of the next bull market and a huge opprtunity to lock in profits.
For the short term I expect a pullback to the last major support. But after that...
Market
SPY Short-term supports - Jan 18Yesterday, the first support zone - 21 EMA (green on chart) - was confirmed.
In case the price loses this zone, the next potential support will be the left shoulder level of Inv. H&S (467.80).
If the price goes lower, then we can expect a reaction from 465, which is ATH.
I'm also considering here Bottoming Support Trendline as potential support.
#TOTAL2 #AltCoins #Short #Crypto #Market #DUMP #Soon #Eddy#TOTAL2 #AltCoins #Short #Crypto #Market #DUMP #Soon #Eddy
(("My analysis of Total 2 and altcoins is like this, from my point of view, it is possible to track the position of short selling transactions on most currencies in the market."))
- What do you think? Have you checked Total 2 in this time frame? Write me in the comments!
- My confirmations are based on Wykoff's review of Bitcoin in multi-time frame, as well as Bitcoin and Tether's Dominance review.
Its about Wyckoff ;-)
(( BTC/USD )) latest update link :
XAUUSD (Gold) Slightl bullish in trend but still not clear the wXAUUSD (Gold) Slightly bullish in trend, but still not clear on the way.
The major level at the Gold tested was 2060 and gained more power from 2040 after last weekend's movements.
Now, if the H1 closes above the 2050 zone, it will short-term push the price toward 2060. The price of the US dollar was also up from 102.097 and is trading at 102.459.
Technically, we sell from the 2060 zone with 50 pips. Stop loss.
Note: If China, Japan, and US armor sales and news of war get authentic, then gold will move its trend from bearish toward bullish movements.
Keep an eye on the US index and other international channels for gold trading.
If you see some price rejections from the 2060 or 2050 zone, then you must sell the gold, and the target level must be 2040, 2033, and 2020.
GOLD|They are still the winners of the seller's marketAs we expected from gold, when we said that the selling pressure is more, it crossed the 2048 support area with great strength, in this area we did not have a suitable candle confirmation to enter the transaction. Arriving at the next support area that we mentioned before, by observing the pin bar candle Ascending in the price area of 2033, we could enter into buy transactions, which has already given us 160 pips of profit.
Continuing the movement with the growth experienced from the support area, I am still waiting for the price to reach the resistance areas to enter sell trades, the most important area ahead is the midline of the descending channel that has already been broken and the supply area price 2055. In case of reactions Returning from this area, as I said, we can place up to the price of 2035 equivalent to 200 pips for the profit limit.
DJI Dow Jones Fell 8.60% After the Last U.S. Credit DowngradeOn Tuesday, Fitch Ratings downgraded the US debt rating from the highest AAA rating to AA+, citing concerns over "a steady deterioration in standards of governance."
This downgrade occurred in the wake of last-minute negotiations among lawmakers to secure a debt ceiling deal earlier this year, which posed a risk of the nation's first default.
Following a similar credit downgrade in the past, the DJI Dow Jones Industrial Average experienced an 8.60% decline over a period of 3 months. The downgrade by S&P, one of the three major credit rating firms, took place on Aug. 5, 2011, after another significant debt ceiling battle.
As of today, the U.S. 10-year Treasury yield has risen to 4.15%, reaching its highest level since November 2022.
If we are to fell -8.60%, the Price Target for DJI is $32500.
Looking forward to read your opinion about it!
US500 - Potential Bearish Momentum ❗️Hello TradingView Family / Fellow Traders,
In accordance with my latest analysis, which is attached to the chart, we have been anticipating a rejection of the all-time high.
📉 For the bears to assume control and confirm the beginning of the correction phase, a break below the last major low highlighted in red is required.
Meanwhile, until the bears take control, US500 would remain bullish and could still move within the green all-time high zone.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
S.C. Corinthians Fan Token SCCP Price X10Ladies and Gentlemen, fans of the great S.C. Corinthians, I stand before you today not just as a supporter but as a herald of an exciting evolution in the world of sports and fandom - the rise of fan tokens.
The introduction of the S.C. Corinthians Fan Token signifies more than just a digital asset; it represents a revolutionary bridge between a club and its devoted supporters. This token isn't just about ownership; it's about empowerment, engagement, and a new era of connectivity.
Imagine a future where your passion for Corinthians isn't just demonstrated through cheers and jerseys, but through an active participation in club decisions, exclusive fan experiences, and a genuine voice in the club's direction. This is the promise that fan tokens like the one Corinthians offers hold.
Fan tokens are the epitome of the digital revolution meeting the fervor of sports culture. They provide a platform where fans aren't just spectators but active stakeholders in the success and growth of their beloved club. With this token, you hold a part of Corinthians in your digital wallet, but more significantly, Corinthians holds a part of your unwavering support and loyalty.
But let's talk about the future, the horizon of fan tokens. It's not just about holding a token; it's about the potential it carries. We're at the cusp of a paradigm shift where fan engagement transcends the boundaries of stadiums and physical presence. Soon, we'll witness unprecedented access to exclusive content, voting rights on club decisions, VIP experiences, and even the potential for token holders to shape the team's future by expressing their opinions directly through these tokens.
The future of fan tokens isn't confined to a screen or a digital wallet. It's about creating a vibrant community, a global network of Corinthians supporters, united by a digital thread. It's about democratizing the fan experience, where every voice counts, every opinion matters, and every token holder becomes an integral part of the Corinthians family.
So, fellow Corinthians faithful, embrace this new era. Let's not just witness history; let's be a part of shaping it. The S.C. Corinthians Fan Token isn't just a digital asset; it's a symbol of our unity, passion, and dedication. Together, let's paint a future where our love for the club isn't just celebrated but actively influences its journey. Vai Corinthians!
XAUUSD 1dHello, everyone! Weekly review of the gold-dollar pair from higher timeframe to lower:
1D - Daily timeframe, we are in a short context after updating the historical maximum. After that, we confirmed the short context. At the moment, we have an interesting situation as there is a raid against a raid in still a short context. In such moments, I prefer to gather more information before making a decision.
XCN NEW VOLUME STARTThank you for reading this update.
Depending on our study we see that XCN has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
#Nottradingadvice
#For day traders take always profits when market increase
#Expect noting from the markets, but follow what it shows.
BTC - Market Structure 101 📚 Keeping It SimpleHello TradingView Family / Fellow Traders,
📊 I find the BTC H1 chart interesting as it has been respecting the market structure cleanly inside the rising channel recently.
📈 As the price approaches the lower bound of the channel, the bulls are taking control for an impulse after breaking above the last high in blue and the 21 EMA.
📉 Conversely , as the price nears the upper bound of the channel, the bears take charge for a correction after breaking below the last low in green and the 21 EMA.
Today, BTC rejected the upper bound and broke below the green low and 21 EMA, signaling that the bears are currently in control.
📉 The bears are expected to maintain control, and we anticipate a movement towards the lower bound of the channel.
📈 However , a shift in momentum could occur if the bulls regain control by breaking above the red channel and reaching 38,100. In such a scenario, we would anticipate a bullish continuation towards the upper bound of the rising channel.
What are your thoughts? Do you believe BTC will continue to adhere to this simple market structure?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
USDJPY - NovemBEARS MARKETFor the current week, the USD/JPY pair has shown a decline, closing Monday's session at 148.675. Investors are speculating on a possible shift in the Bank of Japan's policy away from negative interest rates, which could support a move of the pair towards 145. Consumer confidence in the U.S. and comments from FOMC members are also key factors that could influence the trajectory of USD/JPY.
The focus is on the future direction of the Bank of Japan following higher-than-expected inflation data, with anticipation of further guidance on when this policy shift might occur. On the other hand, in the U.S., a significant drop in consumer confidence could affect spending and thus demand-driven inflation, which would influence the Fed's interest rate outlook. Investors will be attentive to comments from voting FOMC members on inflation and interest rates.
In summary, the market anticipates a possible change in the Bank of Japan's monetary policy and is closely monitoring U.S. consumer confidence indicators and comments from FOMC members, all of which could significantly influence the behavior of the USD/JPY pair in the coming days.
Look my ideas chart
drive.google.com
bitcoin ! go on body :)Well, just as the whole market is involved in what exactly might happen, my personal opinion is on the fall of Bitcoin! Yes ! Bitcoin must experience its fall! The lowest amount that can experience the drop is 24500! But in general, I expect to see the range of 19,500 to 18,200.
History is Repeating Itself, Just FasterA little brief before I start into this. I got started investing prior to the 1987 stock market crash and have always been amazed at the stock market for what it can do in a short period of time. People experience the market in so many different ways and I was fascinated by the mass-hysteria, psychology, economics and politics that surrounded the entire 1987 crash. I will say that since I experienced the crash of 1987 and there has still been nothing like it since. The flash crashes, the GFC and many other "sharp drops" are nothing like the speed and power and dislocation of the 1987 crash. So, with that in mind, here is a pattern to compare the 2020 crash with the 1987 crash in context to the massive upwave from 1974-2000 and 2007.
So, to begin, the 1987 crash lines up with the 2020 crash when you use the 1974 low as a comparison to the 2009 low. Then, as life has it, things happen a little faster so this pattern speeds up a little. You can copy it yourself, just then line up the 1987 crash to the 2020 crash.
And here we are, right on track. Post-1987 crash the world was a very scary place in so many ways. It was actually quite scary. The banking system was falling apart because of the 1986 tax law change which bankrupted the S&L's to the biggest bailout in US history.
George Bush Sr, was president and he was very similar to Biden, making mistakes domestically and internationally. He started up the Drug War which destroyed civil liberties in so many ways, much like the draconian lockdowns for Covid.
I did put this long term forecast on long term charts years back here at TradingView so you can review those. This would have been good to have right in front of us before. I missed that chance.
Reagan had one good term before he had trouble with Iran-Contra funding by selling drugs to finance wars in foreign countries. 1985-1987 was a bad time with trade frictions with Germany and Japan due to a strong dollar and major tax law changes which destroyed real estate, much like 2007 led to the 2009 GFC.
Then we had Bush follow Reagan and he wasn't effective as a leader. His famous "Read my lips, no new taxes" happened right before he raised taxes
Sadly, we then had Clinton come in and take over for 8 years and his first attack was on health care, which ended badly but moved him to be more centrist. Al Gore as VP helped to foster internet growth with tax advantages and boom, we had the technology boom leading into the bubble of 2000.
So, the future should write itself from here. Let's look ahead to 1992-2000 ahead with 1993-1994 being a sideways grind with a giant short squeeze in T-Bonds bankrupting Orange County and knocking Long Term Capital Mgmt (hedge fund) to its knees.
More correlations to follow and hopefully we have a new technology like the internet was at that time, to drive accelerating growth. It could be the electrification of vehicles and transportation for its massively more efficient energy consumption. Time will tell!
Enjoy.
Tim
November 8, 2023 11:17AM EST
Selling Signal: GOLD Retesting Key Support AreaDiscover an enticing selling opportunity in GOLD as it undergoes a critical retest of a key support area. With market analysis, technical indicators, and price action as your allies, evaluate the potential downside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
QQQ NEW LOWS INCOMING!Hello, fellow traders and investors! There has recently been a leg up in our bearish channel creating what we anticipate to be a lower high. There is plenty of uncertainty in the economy at the moment whether it be the wars in Russia/Ukraine or Israel/Palestine, upcoming interest rate decisions, the fed's approach to their balance sheet and applying quantitative tightening, etc...
All that to say Rise Capital believes we are at overbought levels and are actively pursuing strategies to take advantage of the bearish movement that is soon to come. We will be taking different approaches like shorting qqq, getting put contracts on qqq and buying shares of sqqq.
SHORT QQQ
Entry: 367.71
Take Profit: 342.20 (Partial profits can be taking off depending on price action)
Stop loss: 373.75
Risk/Reward: 4.3
ETH - One More CheckPoint 📍Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 As per our last analysis (attached on the chart), ETH rejected the 1550.0 support and traded higher.
Currently, ETH is sitting around a strong supply marked in orange.
📈 For the bulls to remain in control, we need a break above 1885.0
📉 Meanwhile, if the gray zone 1738.0 is broken downward, expect the bearish impulse to start.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich