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FIL USDT Spot PositionAnother perfect spot position crypto asset. FIL coin bounced 3 times off of the demand zone and I hope that will be the last time we see it on these prices. What we need to see here now is: The price is on a sideway trend since June 2022 We haven't seen a bullish momentum yet. We have a strong resistance at 9$-11$ that we need to break, to rocket to 16$ and 26$ respectively Since its still on the demand zone and still at very low price, then its picked to be a spot position. We can also see a triple bottom on the demand zone ,and holding the price from going to even low prices. Triple bottom is a bullish reversal pattern. Short term 9$ Mid term 16$ Long term 26$ We will take profits all the way up and we will add some on pullbacks. Theres always a risk in trading crypto, so take my advice with a pich of salt.
Long
by Arkverse365
USDJPY Bullish ProjectionThe USD/JPY pair is showing strong bullish momentum, driven by both technical and fundamental factors. Here's the breakdown of the setup: Trend: The pair has maintained a consistent uptrend, recently hitting a high of 156.748 before retracing slightly. Key Support: The current support level is holding at 154.312, aligning with the 50-day moving average. Resistance: Next major resistance is at 156.748, the recent high. Indicators: RSI is at 66.033, suggesting the pair has room to move higher before reaching overbought territory. Fundamentals: The Bank of Japan’s dovish policies and robust U.S. economic data continue to support USD strength against the yen. Trade Plan: Entry: 154.312 (current market price). Stop-Loss: 153.862 (just below the support level to minimize risk). Take-Profit: 156.748 (targeting the recent high)
Long
by riskyricky
GBPUSD H1 I Bullish Bounce offBased on the H1 chart analysis, we can see that the price is rising toward our sell entry at 1.2605, which is an overlap Our take profit will be at 1.2564, aligning with the 127.2% Fibo extension The stop loss will be placed at 1.2636, a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
USD/CAD poised to resume higher after bouncing off trend supportFollowing today's stronger Canadian retail sales report, with headline sales coming in at +0.9% m/m vs. +0.3% expected, the Canadian dollar initially strengthened slightly. But later on we saw the US flash Services PMI come in well ahead of expectations at 57.0 vs. 55.2 eyed and 55.0 last. Though UoM Consumer Sentiment got revised lower unexpectedly to 71.8 from 73.0, this failed to weigh much on the dollar. The result? The USD/CAD managed to hold the support trend line and key support in the 1.3950-1.3970 zone. As a result, we could see the USD/CAD drift higher, aligning itself with other dollar pairs (e.g., EURUSD which has broken down sharply today). By Fawad Razaqzada, market analyst with FOREX.com
Long
by FOREXcom
Waiting RoomThe $100k BTC mark has been a mythological target for crypto traders for a very long time. It felt so near back in 2021, yet proved to be so far. In the end, we even went below $20k again before going back up this year. When you are reading this, 1 Bitcoin might well already be worth over $100,000. But for now, over the past 24h, it has continued to remain tantalisingly close to the magic number. Crossing this price point would be yet another major milestone in a year that has already seen the approval of Bitcoin and Ethereum ETFs. It is now a waiting game. Once that $100k threshold will be inevitably crossed, all eyes will be set on what is next. Of course, as usual in moments of euphoria, crypto bulls compete with each other to set ever higher price targets. Will MIL:1M be the next one? Or is $500k already big enough? Many Bitcoiners will argue that the next target is gold Market Cap parity. After all, Bitcoin claims to be the digital gold with all of gold's benefits such as scarcity but with far easier movability and programmability on top. Gold's current market cap is $18 trillion. Bitcoin's market cap in the meantime is at around $2 trillion. The potential upside if this thesis plays out still seems juicy, particularly for traditional funds and investors who value Bitcoin's 'established' status as macro asset. One of the main characters in the current market environment remains Michael Saylor, founder of Microstrategy (MSTR). Microstrategy is a legacy tech company that had seen its previous all-time high before the dotcom bubble burst in 2000. Since starting to accumulate Bitcoin in 2020, Michael Saylor has turned MSTR into a leveraged proxy for the Bitcoin price. Over the years, Microstrategy has sold additional shares and then used the proceeds of those sales to purchase Bitcoin. In addition, the company issues convertible debt offerings at 0% interest and uses the funds to buy more Bitcoin. These offerings are appealing to institutional investors because they offer exposure to Bitcoin while limiting the downside risk. The company's 2027 convertible bond, which also has 0% interest rate, trades 200% over par. MSTR's stock as well as its convertible bonds are now proxies of Bitcoin exposure. Microstrategy's Bitcoin holdings now stand at 331,200 BTC, worth $30.4 billion. This is almost 1.6% the entire Bitcoin supply. Meanwhile, the company's market cap is at $80 billion, showing a more than 2x premium over the company's Bitcoin holdings. Many traders of course are deeply sceptical about this setup. Too much post-traumatic stress from the 2022 blowup not just of Luna/Terra but also of the Grayscale trade remains. For those who do not remember, the Grayscale Bitcoin fund was a pre-ETF Bitcoin fund that was open to traditional investors. It was essentially a proxy for holding Bitcoin. For years, it traded at a premium.  Funds, such as Three Arrow Capital, would leverage up on Bitcoin, deposit into the fund and then sell fund shares at a premium. But when the premium flipped negative in 2021, it signalled the beginning of the end for many overleveraged funds and traders. The case of MSTR seems somewhat different, but traders should watch the amount of leverage at play and which direction the MSTR premium over Bitcoin will go for an indication of the market cycle.  Whichever way this goes, it certainly does fill like the markets still have room to run. So for now we all remain in the $100,000 Waiting Room. It should not be much longer from here.
Long
by Coinrule