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Deep Dive Into WhiteBIT: Leading Exchange ReviewWhen it comes to operating with crypto, choosing the right exchange can either make or break your trading experience. A good exchange isn't only about flashy interfaces or wide coin selections. First of all, it's about security, reliability, and fees that won't drain your wallet. With countless platforms competing for attention, understanding what sets one apart from the others is crucial for both newcomers and seasoned traders. In this review, we'll dive deep into WhiteBIT , one of the leading european crypto exchanges, exploring its standout features and assessing whether it deserves a spot in your crypto toolkit. TL;DR WhiteBIT is one of the largest European cryptocurrency exchanges. It is used by 4 million users daily, while its daily trading volume counts up to $2.5 billion. WhiteBIT is an official partner of FC Barcelona and Trabzonspor, as well as a donor for a range of charitable initiatives. WhiteBIT stands out for its top-notch security, advanced trading options, swift user interface, and low futures trading fees. By contrast, WhiteBIT lacks deposit options for certain fiat currencies. WhiteBIT is a home for many self-sustainable products – Whitechain network, WhiteBIT Coin , Whitepool , and more. All of them deliver benefits for the users. WhiteBIT: brief introduction WhiteBIT is one of the largest European centralized cryptocurrency exchanges (CEX). Established in 2018, it has quickly gained the bright spot in the sector, with 4 million daily users and daily volume of $2.5 billion as of today. It was founded in Kharkiv, Ukraine by company’s CEO Volodymyr Nosov. Apart from cryptocurrency exchange, WhiteBIT takes over a complex ecosystem of technical features and products. The centrepiece of it is WhiteBIT Coin (WBT) – a native token of WhiteBIT, owning of which open a wide range of advantages – from commission discounts to free security checks. Crucially, WhiteBIT is renowned for its charitable contributions. Case in point: purchase of the Eurovision microphone trophy at 2022 auction for $900,000. The funds eventually went to support the Armed Forces of Ukraine. Apart from this, WhiteBIT and Volodymyr Nosov took part in numerous voluntary initiatives. WhiteBIT is the official cryptocurrency partner of FC Barcelona , as well as Trabzonspor football club, Faceit , TradingView , and other global companies. It is worth noting that WhiteBIT stands out by its robust security measures, as verified by Hacken.io CER.live rating. WhiteBIT Pros - High-end Security First things first, WhiteBIT is massively renowned for its top-notch security level, distinguished by Hacken.io audits, CER.live rating, and cybersecurity experts. The exchange stores 96% of digital assets on cold wallets and uses Web Application Firewall (WAF) to detect and block hacker attacks. Letting alone the multi-signature access system as a second-layer precaution for cold wallets and an insurance fund to protect users’ funds. WhiteBIT’s robustness is primarily achieved by a complex exchange’s infrastructure that merges a wide array of user security features and sharp anti-money laundering (AML) compliance. For starters, WhiteBIT users are enabled with two-factor authentication (2FA) – a technology that protects the account from unauthorized access. In WhiteBIT, it can be activated via a comprehensive list of 2FA utilities to choose from – all to ensure user’s comprehensive control over the balance and information. Apart from a common 2FA, WhiteBIT provides customers with reliable anti-phishing measures. The exchange allows users to add their own anti-phishing code, which will be attached to any emails you receive from WhiteBIT, to distinguish the credible messages from a potential threat. What is more, users can manage the addresses for withdrawals on WhiteBIT. Simply put, the function allows to create a personalised whitelist of white addresses or, vice versa, flag the suspicious ones to restrict insecure transactions. To note ones, WhiteBIT customers may require an address check for criminal involvement for a fee of 1 USDT. For the holders of WhiteBIT Coin , the exchange offers free daily AML checks. As for the AML precautions, WhiteBIT assures its strict compliance with global anti-money laundering policies. This can be proven by numerous cases of WhiteBIT’s AML department taking security actions in favour of third-party companies. Namely, in October 2023, the company managed to track down and freeze over 445,000 XRP tokens, stolen from Coins.ph crypto exchange. Earlier that year, WhiteBIT’s AML department had spotted suspicious activity on the wallets of Chris Larsen , Ripple’s executive chairman and co-founder, informing XRP Ledger about the potential exploit. On top of all, you can trade on WhiteBIT only if you successfully pass Know-Your-Customer (KYC) verification. Otherwise, users are limited to demo-tokens, which offer a deep look into WhiteBIT’s functions. - User-friendly interface First look at WhiteBIT reveals its intuitive interface. Its clear layout and smart, logic framework, combined with swift functionality, makes it easy to understand for the newbies and comfortable to operate with for the pros. Crucially, the user interface allows users to navigate through the services directly from the headout, while clear layout and minimalistic visualization facilitates the process of choosing the function you need. The most popular ones are highlighted with specific buttons as a way of shortcut. What’s catchy, WhiteBIT’s UI does not overcomplicate the experience, but implies minimalistic framework to avoid ‘littering’ with piles of news, updates, and functions. Instead, the latter ones are distributed via the page clearly. Importantly, WhiteBIT developers seem to understand that its users are foremostly seeking service. Hence, the website does not jump right away into promoting benefits as a majority of the landing pages do, but puts utility in the forefront. Advanced trading terminal and leverage The benefits of WhiteBIT’s smart interface unfold at the trading features. First and foremost, the exchange allows you to convert the funds at one fell swoop, with no need to use a trading terminal. All a user has to do is to choose from a wide list of currencies and enter the needed amount. This function suits best for HODLers and users who are not participated in a regular trading. These very users can further send the funds via the easier way – through WB codes – without extra network fees. For more seasoned market surfers, WhiteBIT tried its best to smooth out this complicated endeavour. Its trading terminal offers wide customisation options – from choosing between light and dark themes to order books positions and performance limitations for less powerful software. What is more, it can boast of an editor mode, which allows users to move and replace the elements of terminal wherever they are comfortable with. The part and parcel of WhiteBIT trading terminal is a wide integration with TradingView interface, which offers a full array of tools and indicators, which defaultly require paid subscription, for free. Hence, users would not even need to switch platforms to carry out the trend analysis. Same features also apply both to margin and futures terminals. Consequently, WhiteBIT offers reasonable leverage rates for those trading options – 10x for margin and 100x for futures. The leverage can be easily changed in a separate menu, in which you’ll be kindly warned of the collateral risks. However, WhiteBIT is not limited to the basic trading options. The exchange offers Competition – exchange’s feature that allows users to participate in games against other traders and win cryptocurrencies. You’ll be matched with traders of similar expertise, and you’ll race against them to trade more assets, reach a certain earnings threshold, etc. Such gamification brings fresh excitement to the platform. Given a large number of the available assets and a wide array of trading opportunities, it could become difficult to carry out a thorough monitoring of the trading balance. Gladly, WhiteBIT solves this problem with its one-of-a-kind analytical dashboard . In it, users will receive a detailed outlook on profit and loss, equity trend, and portfolio performance in any chronological order possible. Supported currencies WhiteBIT offers over 270 cryptocurrencies for trading. Users can choose from over 520 trading pairs available – with the market cornerstones, such as Bitcoin or Ether, as well as with the prominent Web3 projects’ tokens, like Celestia (TIA) or Hedera (HBAR). Not to mention a wide range of stable coins i.e. USDT and USDC and fiat currencies – from euro and U.S. dollar to Turkish lira (TLY) and Polish zloty (PLN). What is more, WhiteBIT is keen on the constant updates. Namely, the exchange was one of the first ones to list Toncoin (TON) and DOGS (DOGS) – prominent Telegram-based tokens. Extensive Income Options Besides traditional crypto trading, WhiteBIT offers several other ways for people to access crypto funds. Namely, users can stake cryptocurrencies and earn rewards via various holding plans. The Crypto Lending (as it’s known for WhiteBIT users) offers an array of opportunities and rates not only with Bitcoin or Ether, but also with altcoins – Solana (SOL), Ripple (XRP), or even Dogecoin (DOGE). The exchange fosters the community as well. For active participants, WhiteBIT maintains a referral program , allowing for up to 50% returns from the exchange fees. For businesses and influencers, the exchange recently launched an affiliate program , which delivers higher return rates, support for creators, and advanced analytical dashboard. It is also essential to mention WhiteBIT Launchpad , which kickstarted many prominent projects while allowing users to invest in tokens way lower their actual price. Cons of WhiteBIT Geographic restrictions While WhiteBIT is widely-available globally, there are certain countries and territories, residents of which are restricted from using the exchange. Among ones are: USA Afghanistan Iran Belarus Russia Yemen Libya State of Palestine Puerto Rico Somalia North Korea Syria Canada United Kingdom Trinidad and Tobago Nicaragua Venezuela Myanmar Also, WhiteBIT is restricted in globally unrecognized or partially-recognized territories – Transnistria, temporarily occupied Georgian territories, the Turkish Republic of Nothern Cyprus, Western Sahara, the Federal Republic of Ambazonia, Kosovo, and temporarily occupied territories of Ukraine. While this list is way lesser compared to the countries where WhiteBIT is available, such restrictions still make sense, as they demonstrate company’s compliance with the standards of international law. Relative newness One potential drawback of WhiteBIT is its relative newness in the crypto market. Usually, the fresh platforms may come with certain risks. The lack of an established track record means there’s less historical data to evaluate its long-term performance. Traders may be hesitant to commit large volumes of funds to an exchange that hasn’t yet proven itself through market fluctuations or stress-tested its systems during high-demand periods. However, since its launch in 2018, WhiteBIT managed to set foot in the door with robust security, established trust from users, and in the market overall. Letting alone the constant development of the new products and growth of trading volume. Namely, WhiteBIT gained third position in terms of derivatives trading volume. Withdrawal limitations for certain fiat currencies Indeed, WhiteBIT can boast of a great amount of withdrawal options – from SEPA transfers and integration with third-party payment services to different networks and protocols. However, this does not apply to a full list of fiat currencies represented on the exchange. Case in point: Czech users can only withdraw korunas to bank cards, while Ukrainians and Turks are limited to GeoPay and other similar providers of their national currencies’ payments. By contrast, WhiteBIT compensates such minor drawbacks with internal peer-to-peer (P2P) service, which allows for a swifter swap and withdrawal. WhiteBIT fees Fees is one of the core criteria for traders in choosing the cryptocurrency exchange. Having said that, WhiteBIT offers a competitive outlook in terms of fees. Specifically, both the maker and taker are commissioned 0.1% when choosing spot trading, which is a rather standard rate. Importantly, ones can be reduced for the WBT holders. As for the futures trading, the taker fee is 0.035%, while the maker one is only 0.01%. This is a significantly lower rate compared to a majority of leading exchanges, such as Binance that has 0.05% taker fees and 0.02% maker fees for regular traders. Importantly, the fees for withdrawals differ between the currencies. The good part is – a majority of blockchain-based transactions are commission-free. WhiteBIT ecosystem features There is more to WhiteBIT than cryptocurrency exchange. In fact, the company is branching the service with technological features, client-oriented initiatives, and self-sustainable products, which combined shape a complex ecosystem. All the features of this ecosystem, as reported by WhiteBIT, create exclusive benefits for the users and bridging the gap towards vaster cryptocurrency adoption. Whitechain and WB Soul Formerly WB Network, Whitechain is an EMV-compatible layer 1 blockchain that operates upon Proof-of-Authority (PoA) consensus mechanism, ensuring the verified transaction validators. Primarily, Whitechain was designed to reduce commissions for WhiteBIT exchange users and accelerate transaction processing. However, the network also comes with different methods of fostering the users. One of such is WB Soul – an unalterable and non-transferable NFT that allows users to recreate their identity within the blockchain without revealing any personal data. From owning WB Soul, users with WBT in Holding are able to get rewards for blockchain fees and funds redistribution. Whitechain’s roadmap includes launching new products, enhancing liquidity, enabling cross-chain swaps, and integrating artificial intelligence with smart contracts. The plans are already leaving the papers, specifically with the recent launch of PocketRocket – Whitechain-powered TON-based crypto game. Whitepool Whitepool is a mining pool that aggregates computing power from miners worldwide, providing a cost-effective alternative to solo mining. Apart from the hashrate of over 6300 PH/s, this SHA256-powered pool also offers 0% fee for receiving rewards, automatic balance updates, and 24/7 multilingual customer support, available in English, Ukrainian, Polish, Turkish, and other languages. It also offers special programs for VIP-clients, which provides lowered fees for using the pool, stable rewards for miners with powerful hardware, and other features that are soon to be announced. WhiteBIT-based services Apart from the WhiteBIT-integrated features, the company is also a home to different services: WhiteSwap : a decentralized exchange (DEX) powered by the Ethereum, Tron, and Polygon blockchains. You can swap, farm, and bridge different assets via the service. WhiteEX : This feature provides physical cards that can be used to conveniently top up (deposit) funds into your WhiteBIT exchange account. WhitePay : A service aimed at businesses, providing tools for cryptocurrency payment processing. This includes solutions like crypto acquiring and point-of-sale (POS) terminals. GNCrypto : a global news outlet dedicated to elevating the understanding of cryptocurrencies and blockchain technology How to setup an account on WhiteBIT WhiteBIT stands out with its swift yet secure registration process. To set up a WhiteBIT account , you'll need to enter your email address and create a strong password in a Sign Up menu. Finally, find the confirmation message WhiteBIT sent to your email and enter the verification code. The next essential step is completing the Know-Your-Customer (KYC) verification. You need to provide your ID proof along with your address proof. The verification process usually takes a few minutes. Now, only when the KYC is completed, you can access all WhiteBIT features. Verdict: is WhiteBIT a good trading toolkit? After taking a closer look at WhiteBIT, it’s clear that it brings a lot to the table for crypto traders of all levels. Its robust security measures, competitive fees, and user-oriented approach makes it a strong contender in an increasingly crowded space. Still, it’s essential to weigh these benefits against your own trading needs – whether it's access to specific coins, advanced tools, or a mobile-first experience. At the end of the day, the right exchange is the one that best aligns with your goals, and WhiteBIT might just be the platform that gets you there.
Long
by paul_endeo
NASDAQ-QHQuhuo Ltd (NASDAQ: QH) is a Chinese company operating in the gig economy sector, providing local life services such as delivery, mobility, and homestay services. Here's a detailed review of its recent performance and outlook: Financial Performance: Quhuo recently released unaudited financial results for the first half of 2024, showing strong growth in its core businesses. The company has benefited from the expansion of its mobility services and homestay sectors, both of which contributed significantly to its revenue growth​( Barchart.com). The company's strategic focus on international expansion, particularly in electric vehicle exports, has further boosted investor confidence​(Stock Screener)​(InvestorPlace). Stock Volatility: Despite the positive financials, Quhuo's stock is known for its volatility. It recently saw a dramatic price increase, spiking over 300% due to strong earnings and speculative trading. This surge was fueled by retail investor interest and favorable market sentiment, but such rapid rises often lead to corrections​(Stock Screener). Investors should be cautious of the stock's highly speculative nature, as it has shown significant price swings in the past. Growth Prospects: Quhuo’s growth strategy includes expanding its presence internationally, particularly in electric vehicle distribution and its core gig economy services in China. Its recent partnerships in exporting vehicles to emerging markets like Azerbaijan signal a promising international growth trajectory​(InvestorPlace). However, the company faces competition in the gig economy space and is exposed to regulatory risks in China and abroad. Any negative regulatory developments or market challenges could impact the company's stock price and long-term growth prospects. Risks and Opportunities: Opportunities: International expansion, strong sector growth in mobility and homestay, and new energy vehicle partnerships provide significant upside potential. Risks: Stock volatility, competition, regulatory risks, and dependence on the gig economy, which is subject to fluctuations in demand. Conclusion: Quhuo Ltd offers high-risk, high-reward potential. While its recent financial results and strategic international expansion are promising, the stock's volatility makes it a speculative play. Investors interested in this stock should carefully assess their risk tolerance and monitor the company's ongoing developments closely.
NASDAQ:QH
by mikaelarhelger
2
Thoughts on TruFi and the potential trend on RWA.Good deals, and may luck be on your side. Good day, dear readers. Today I suggest taking a look at the TruFi token. I'm not recommending buying it, but rather considering it from an investment perspective for the upcoming bull market. In brief, TruFi is a lending protocol (lend/borrow) linked to RWA (real-world asset tokenization). The system even has its own not very successful stablecoin, which has recently been somewhat detached due to various events involving Binance, Justin Sun, etc., although as claimed by the teams and other people, this stablecoin was fully backed by dollars. The token and platform's interest lies in its interaction with the real world. In my humble opinion, tokens from this sector will experience hype during market growth. Additionally, loan defaults lead to quite real legal consequences (with their pros and cons). As far as I understand, market participants (crypto enthusiasts, hodlers, coin holders, and ordinary people unrelated to institutional investments) can provide liquidity to the DeFi protocol. After that, a borrower who can borrow money, not in ethers or bitcoins, but in dollars, can be found. Observing the perplexing movements of the stablecoin, I intentionally write this review to draw your attention to this asset. This is not a call to buy at current prices, as the price could very well break new lows before trending upward or stagnating. Nevertheless, this is a rather risky investment, suitable for a short-term peak and the first downturn of the bull market, but with the potential for decent returns. Since hitting bottom, the token has only risen by 120%, and the first subsequent minimal target would be beyond local highs, likely much higher. Even upon reaching this target, we could expect a 130% profit from this position. My motivation for investing in it (although I bought earlier and now hold about 40%) is the price bottom, token revival (albeit not very successful, as the daily candle was extinguished), prolonged accumulation, high previous highs, and potential hype associated with RWA. The target on the chart is minimal and conditional, and cup-and-handle formations often do not play out and are frequently fictitious. If you do seriously consider the possibility of acquiring the token, be sure to study it independently and at least read about it, as from the perspective of conservative investments, this is an extremely risky deal. I strongly advise against investing more than 0.5%-1% of your total portfolio. This review is a work of fiction and is not an investment recommendation.
by Juiceit
3
2 Setups & 3 Trades / Scalping Trades Review 🎋Hello Traders! This short video details my Trading Day. I traded 2 different setups today for a total of 3 individual trades. I won all 3 trades :). 2 Of the trades were Short trades as we had price rejecting Weekly Level 1.09510 to begin the week. We also had confidence to put on these Short trades since the London 4hr candle closed bearish and the current 4hr candle was bearish at that time. Rewinding just a bit for context purposes.. Originally price was consolidating during London session in a 10 pip range between 1.09460 and 1.09360. Then we began to observe some downward movement shortly after New York session opened. We started to move back towards the low price created during NFP on friday (1.09180). As we tapped into this price is when I began to look at the charts to scalp. We placed 1 Buy trade today as we creased the Low price of Friday's daily candle which turned out well. I did get in a bit early and so that was the least profitable of my 3 winning trades today.
by ShrewdCatfx
✅ STOCK REVIEW: $OLLIThis week, we initiated a cautious buying strategy for NASDAQ:OLLI as it retracted to a strategic entry point, referred to as the low cheat for those who have read the Minervini books. THE BUY The buy signal was activated on February 20th when its price surpassed the peak from February 16th. Although our entry price at $79.18 was slightly higher than anticipated, we limited our purchase to a quarter of the planned position, setting a stop-loss at $72.30, which equates to a risk of 8.64%. FOLLOW THROUGH ACTION After the stock remained within the range of the breakout bar for a couple of days, it began to ascend, prompting us to increase our stake at $81.84. Consequently, we adjusted the stop-loss for the entire position to $73.80. Our strategy of gradual investment as the stock moves in our favor has allowed us to hold a half position with an adjusted average risk of 8.28%. Analyzing the chart, a decline to our stop-loss level would suggest an unusual market behavior, indicating a potential misjudgment in our timing. Ideally, the stock would stabilize around $83.20, enabling us to escalate our investment to a full position while minimizing risk by adjusting the stop-loss. Our proactive and incremental buying approach positions us advantageously, allowing for early entry without necessitating the formation of a handle. Despite an incomplete Stage 2 subsequent confirmations have reinforced our initial purchase decision.
NASDAQ:OLLILong
by TintinTrading
Review----SOLBTC remains fluctuating at 42000, the IV reflected in the options market is decreasing, and the impact of BTC ETF has come to an end. We have analyzed SOL through indicators before, and now we will do a brief review to see how our indicators performed. In our last report on SOL, we mentioned that it was in the process of correction but remaining a bullish trend. Over the past week, you can clearly see from the indicator area that the bulls have strengthened after the colunms approached the lower rail of the wavy area. Everything is in line with the instructions of TSB indicators. The rebound from the signal point to date is 15%. If you used our indicator after seeing the last report, you avoided becoming a paper trader and continued to hold a long position. At the 4h level, SOL continues to maintain fluctuation. During the course of our previous report, the KDMM indicator suggested a significant increase in bearish momentum. This is a classic short signal. Our trading department opened a short position and, in accordance with the rules of the KDMM indicator, closed our position when the bulls strengthened. Finally, within a week, a gain of 10.81% was captured. This is very simple. And now, the KDMM indicator is currently approaching a high level. When the bearish momentum increases, trading opportunities will come again. Our indicators have shown their strength over the last week, and no matter what level or trend you are in, you can find the right indicator to use. Introduction to indicators: Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated. KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by sypool-AI-TradeGenius
BITCOIN FULL REVIEWthis would be a little long idea, I'm sincerely asking you to read until the end with all the comments to understand my idea completely. I'm gonna analyze the bitcoin chart from weekly to hourly time frame and using some kind of different indicators to see as much reaction and knots as we can to find the proper behavior of price since the last dump. generally, I have 2 kinds of view for this idea: 1- bullish and. 2- correctional. I believe there is no falling or another dumping view for this chart anymore ( at least until there is no global financial crisis ). we start from weekly : as I see from the start of the bullish movement in march 2020 we reach the ATH of almost $65k which was the 0.68 point of FIBO extension, then we had a retrace to 0 points of it. As can be seen from the past chart. The price will not grow evenly, so we need retracements along the way. And given the location and collisions of the candlesticks with the specified levels, the price may be currently in a place that needs a retracement. From the beginning of the last uptrend on July 19, 2021, until now, we have started a perfect bullish movement, and now it is possible to retrace it by reaching the first target, which is the range of 0.38 Fibo and median fork. considered the target : Given that the static channel front range (indicate in purple) with a green line ( representing the 50% range of the fork) can indicate a good level for the target of the corrective movement.
BITSTAMP:BTCUSD
by ZorgOros
1
The Previous Week / Fundamental Releases and Price Action 🕋In this video we start by observing the movement of Eurusd from a top down perspective. We eventually break down the week's fundamental news releases and their impact on price behavior on the 1 hour timeframe as this is the bulk of the video. This week we went up and they came straight back down. Fundamental news releases played a suspicious role in the price behavior this week and we investigate their significance.
by ShrewdCatfx
ETH/USDT 1HInterval ReviewHello everyone, let's look at the ETH to USDT chart on a one hour timeframe. As you can see, the price is staying above the local uptrend line. When we unfold the trend based fib extension grid, we see that the price is in the support zone from $ 1873 to $ 1853, while we can mark the second zone from $ 1822 to $ 1799. Looking the other way, we see that the price is before a strong resistance at $1888, and then we have a very strong resistance at $1927. The CHOP index indicates that there is energy to move, the MACD indicates that we remain in a local downtrend, while the RSI has rebounded to the lower part of the range, which should give room for price growth.
by cryptodailyuk
Making Sense of the Market (Educational Post) 📑3rd Week May 23'Hello Traders. Today I have created a summary of this previous week's price action on a Session-Session basis. I explain in detail each of the 15 Sessions and how they relate to the overarching destination for the weekly candle. I hope you enjoy and please leave some feedback in you found this either useful or interesting. Best, Shrewdcatfx 🐱‍👓 Key for Chart 1 = Asian Session 2 = London Session 3 = New York Session Monday - Black Numbers Tuesday - White Numbers Wednesday - Purple Numbers Thursday - Red Numbers Friday - Blue Numbers Important Level's Weekly Level - 1.0866 Daily Level - 1.08739 ( Created after Tuesday's Daily Candle Closure) Daily Level - 1.08532 Daily Level - 1.08401 Daily Level - 1.07597 15 Sessions Breakdown Monday - ( Black Numbers ) 1 First Asian session begins by going up and rejecting (1.08537) Daily Level. Buyers are stepping in early in the week and the new weekly candle is pulling up. 2 The First London session of the week is a catalyst to create a Higher High in market structure on the Intraday timeframes. However with the new 4hr candle price pulls back down and drops before seeing once again another opportunity for Buys 3 The first New york session of the week combined with manufacturing data saw one more push to the upside which turned out to be the High of the day. As NY session progressed price pulled back and found support at the 1.0866 weekly level before bouncing once again. Tuesday - ( White Numbers) 1- 2nd Asian session of the week price consolidates inside of the previous NY session range, not much occurs 2- London session pulls back and retests 1.0866 weekly level where price finds support once again Price consequrntly bounces and creates a new weekly High above the Monday NY session manufacturing data highs. This london session Bullish push turns out to be the high of the week 3- New York Session price eases off the high prices created during London session. Retail sales data is released and volatility and volume shakes up price in the short term but continues to ease off the highs from london session. Price drops further adn london close prints the low of the day. The daily candle closes below our 1.0866 weekly level after attempting to push up with manufacturing data and retail sales data Wednesday - (Purple Numbers) (The close of the Tuesday daily candle creates our 1.08754 Daily Level) 1. Asian Session - Pulls up to retest our new formed Daily level 1.08754. As we move through Asian Open and the 4hr candle associated with it price appears to be backing off and rejecting the new formed Daily level 1.08754. 2. At this point we have 2 Daily Candle closures above 1.08537 Daily Level, however as we move into the third london session of the week price is beginning to crease below this daily level 1.08537. Price is also continuing to reject our new formed 1.08754 Daily level from Asian session. Price effortlessly drops through 1.08537 and quickly reaches our next potential support at Daily level 1.08393 . Price keeps pushing down and it is clear that the weekly candle has flipped bearish, dropping below our Monday Asian session prices and creating a fresh low on the week. 3. NY session sees a short lived continuation but quickly reverses pulling back up and clearing out fomo sellers . Price pulls back and does a textbook break and retest at the price where the weekly candle opened on Monday Asian price consolidates at the break and retest area 1.085 Thursday - ( Red numbers) 1. Asian session completes the break and retest at 1.085 and prices begins to head back towards the low created during the previous NY session 2. London Open provides a catalyst for a continuation of momentum to the dowside as we head back towards the previous NY session Low. We touch the NY session low and create a new low price on the week. 3. New York Session Open and Unemployment data is due to release. Yes, Unemployment data is the catalyst to punch out even more lows on the week Price make a very nice and lenngthy push from here on this thursday. Friday - (Blue Numbers) 1. The Thursday daily candle closes bearish but above our 1.07597 Daily Level. Asian session attempts multiple times to keep dropping below 1.07597 but buyers hold firm here. 2. As the final London session of the week approaches prices begins to bounce off 1.07597 and creates a High on Intraday timeframes. Then comes london open and price continues to pull back to the upside Simultaneusly we can observe that as the weekly candle comes to a close, the candle is pulling back up and creating a bottom wick. 3. New York Session provides a catalyst to continue pulling back up before violently whipsawing and ranging to end off the week
Education
by ShrewdCatfx
XRP/USDT 1DInterval ReviewI invite you to review the XRP chart this time taking into account the one-day interval. As we can see, the price has moved down from the uptrend line. Now let's move on to marking the support places for the price and we see that the first very strong support that currently holds the price is at $0.45, however, if the price goes lower, the next support is at $0.42, and then the third support at 0 $39. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see first resistance at $0.49, then second resistance at $0.51, third resistance at $0.53, then fourth very strong resistance at $0.55. The CHOP index indicates that we have a lot of energy for the upcoming move, the MACD indicates a return to the downtrend, while the RSI shows a rebound to the lower part of the range, which creates room for future increases.
by cryptodailyuk
Watchlist Midweek Review: Feb 06-10,23Hey there, so this has turned out to be a very interesting week, in that price has really begun to move and the overall market structure is definitely begun to take shape. That being said, the pairs that we will be focusing on for the remainder of the week does offer some significant opportunities and if you would like to know more about how these pairs could set you up for this week, then take a watch, and enjoy. Also, if you have any questions regarding any of the pairs on the watchlist, or any pair in general. Feel free to reach out and I will be happy to share my views, thoughts and opinions. For the most part, I wish you an awesome, and profitable day further. Until next time, keep well and bye for now.
by DeanMuller
1
SPY - basic strategy review for big profits Some of the top strategies I use. But I finally narrowed it down to using only specific one extremely profitable setup that I am currently running sea trials on. More on that below. "Support and Resistance Bounce" This strategy involves buying when the price reaches a level of support and selling when it reaches a level of resistance. The 21 moving average can be used to identify these levels by looking for instances where the price has bounced off the average in the past in confluence with the S/L level - Use Fibonacci retracements or trend lines to identify key levels of support and resistance - Look for divergence between the price and an oscillator, such as the Relative Strength Index (RSI) which could indicate a reversal. “Breakout through Support or Resistance" This strategy involves buying or selling when the price breaks through a level of support or resistance - Look for a high volume of trades at the point of breakout - Looking for a bullish or bearish candlestick pattern at the point of breakout "Moving Average Crossover" This strategy involves buying when the 21 moving average crosses above a longer-term moving average, and selling when it crosses below. This can be used to identify changes in the trend. - Look for a bullish or bearish crossover of the moving average convergence divergence (MACD) indicator - Look for a bullish or bearish candlestick pattern at the point of crossover as confluence. Candles are a language. Become fluent in candle psychology and you will learn how to win. "Trend Following with Moving Average" This strategy involves buying when the price is above the 21 moving average and selling when it is below. Larger gap equals more momentum. This can be used to identify the overall trend of the market. - Look for bullish or bearish divergence between the price and an oscillator, such as the RSI - Look for a bullish or bearish candle pattern at the point of entry either above or below moving average. Pin bars are my favorite! Pin up off of moving average when above calls. Pin down when below puts. "Support and Resistance Reversal" This strategy involves buying when the price reaches a level of resistance and then subsequently breaks through it, or selling when the price reaches a level of support and then subsequently falls through it. This can be used to identify potential reversal points in the market. - Looking for a high volume of trades at the point of reversal - Looking for bullish or bearish candle pattern at the point of reversal - Use the Relative Strength Index (RSI) to confirm the overbought or oversold conditions - Watching for other indicators for example Bollinger Bands to constrict showing consolidation before reversal. Or my favorite strategy of all is this: No indicators. Gap fills off of key levels. Just price action alone. Area of value with close stops equals low risk trades with high profit potential. Trade safe! Have fun! Like, share and follow for more!!!
AMEX:SPY
by Verum0
1
Weekly Review (Ending 123022)This past week was the last week of trading for the year and man, did it feel like it. The first two days of the week, Tues. and Wed., were clean. I noted earlier in the week that I wanted to see 3780 as an objective but, after being wrong analysis, the Daily Time Frame told a different story. It is at Equilibrium, which Price is likely to consolidate. So, with it being the last trading week of the year and Price being at Equilibrium, It was more likely for Price to have a Consolidation Weekly Profile. Green Check = Correct Bias Red X = Wrong Bias Grey Circle = No Bias/Did not trade/Neutral
CME_MINI:ES1!
by FreddyFutures
What happened with the Pound in 2022!The GBPUSD had so much potential heading into 2022, as markets anticipated some possibility of the UK navigating through the Brexit ordeal. The BoE was one of the first central banks to increase rates, BUT YET , we saw the Pound getting pounded down, from the 1.35 price area down to the HISTORIC low of 1.036, with huge speculation that the GBPUSD could even reach PARITY . In addition to what we already know (you can read more about it in the links below) DXY strength Russian-Ukraine conflict EURUSD reaching parity The decline in the GBPUSD was also driven by SIGNIFICANT political chaos. Prime Minister Boris Johnson was replaced in September by Liz Truss, who was replaced in October by Rishi Sunak (A change of 3 Prime Ministers in the space of 2 months) On 23rd September , UK Finance Minister Kwasi looked to boost the country's economic growth by introducing a series of tax cuts, totaling 45 billion pounds by 2026-27. However, the market was spooked by the scale of the fiscal giveaway and the immediate reaction was to sell UK govt bonds. While the FTSE 100 fell to its lowest level since March, the ground gave way on the GBPUSD as it crashed from the 1.1255 price level down to the 1.0360 historical low (23rd to 26th September) Further decline in the GBPUSD was saved by a quick intervention from the BoE as it pledged an unlimited long-dated bond-buying program to restore stability and orderly market conditions. Fortunately for the UK, the rapid change in the Prime Minister, BoE intervention, U-turn in tax policy, and introduction of a new austerity package has had some positive impact on the GBPUSD. In November, the new Finance Minister Jeremy Hunt released a series of spending cuts and tax rises in an attempt to plug the hole in the public finances. The GBPUSD has recovered strongly from the 1.0360 price level in September to reach the 1.25 price area in December. However, the UK pound is not out of the woods yet! Inflation in the UK still stands at 10.7% with interest rates at 3.50%. AND there is dissent within the BoE as the most recent rate decision votes indicated that 2 members voted to hold rates at 3.00% (7 voted to hike). Could the BoE risk a pivot at this point? Is there enough momentum in the current slowdown of inflation growth, that it could reach the BoE's target level? Stay Tuned for the 2023 outlook!
by JinDao_Tai
Year of Parity, the Euro in 20222022 was the year that the Euro fell below the parity level against the US dollar. That means 1 EUR = 1 USD. The last time the Euro fell below the parity level was in Jan 2000 (22 years ago). And that time, it remained below parity for almost 3 years before breaking higher again. Fortunately, on this occasion, the time the Euro spent below parity was considerably shorter, with the price breaking higher, in 4 months. The early 2022 forecast for the Euro had already been a continuation of the downside, given that it had been dropping since 2021 from the 1.24 price area down to the 1.14 level. However, there were several factors that added to the massive decline in the EURUSD this year. In particular, the strength of the DXY, the Russian-Ukraine Conflict, and the increasing concern over the energy supply from Russia. (you can read more about the broad influences on the global market sentiment in my DXY review, in the link below) The European Central Bank (ECB) was considerably late in the game to increasing interest rates, despite inflation climbing in the Eurozone. In July , the ECB raised rates by 50bps (expected 25bps), and CPI for the Eurozone was at 8.6%. However, the rate increase saw little impact as the border conflict continued to weigh on the Euro. The EURUSD was still testing the parity level. As the Euro broke parity briefly, a 75bps rate hike in September saw the EURUSD reclaim some ground, but this was short-lived. As Putin announced a partial mobilisation of the Russian army, escalating and wiping out all hopes for a quick end to the border conflict. This move saw the Euro break the parity level to reach a historic low of about 0.9550. With many market participants expecting an even greater downside. In fact, the Euro was somewhat saved by the DXY. Weakness in the DXY toward the end of September saw the Euro trade between the 0.9550 and 1.00 price level with higher volatility. In October , the EBC raised rates to 2% BUT saw the EURUSD drop significantly following the release of the decision. This was due to the markets anticipating a "pivot" and slowdown in future rate hikes from the ECB. Finally, in December, the ECB raised to 2.50% but the focus was not so much on the 50bps hike. Rather it was on the very hawkish comments from Chair Lagarde, where she highlighted that The ECB saw significant increases ahead Should expect 50bps hike for period of time Anything thinking ECB is pivoting is wrong The Euro currently trades along the 1.0645 price level. Will 2023 see the Euro recover strongly? Reclaiming the high of 2022 or more? Stay tuned for the 2023 outlook!
by JinDao_Tai
5
You've missed these in 2022: DXY This is definitely not a complete list of events that happened for the year, just a snapshot of the highlights. What a year it has been for the DXY, starting at around 96.00 and rose to a historic high of 114.75 before retracing back down again. (In comparison, the DXY only rose from 89.65, up to the 96 price level in 2021) There were many contributing factors to this historic rise in the DXY, and to be fair, a lot of it did not have to do with the performance of the US economy. On the 21st Feb 2022, Russian President Putin signs a decree declaring the Luhansk People's Republic and Donetsk People's Republic as independent from Ukraine, and, despite international condemnation and sanctions, begins a full-scale invasion of Ukraine. A flight toward reserve currency/commodity saw the commencement of the dollar bull, with the DXY quickly climbing to reach the 100 price level 17th March 2022 , the US Federal Reserve begins on its path to hike interest rates, to combat the inflation rate growth (7.9%) Toward the end of April , jawboning from Chair Powell, about a 50bps rate hike saw the DXY rocket upward to reach the 104 price level. In May, with inflation still climbing (8.3%) but GDP now entering into negative territory, the fears regarding a US-led global recession/stagflation begins to mount. June 2022 , inflation is at 8.6% and the federal reserve has just increased rates by 75bps, taking interest rates to 1.75% The DXY broke through the key price level of 105 a couple of days after the rate hike. July 2022, inflation has now climbed to a historic high of 9.1%. The impact of the Russia-Ukraine war is felt, not just from a conflict perspective, but the increasing cost of energy, commodity, and food. The Federal Reserve conducted another 75bps rate hike, with the interest rate climbing to 2.50%. During this period, most major currencies are losing significant ground against the Greenback, especially the Euro and the Yen, causing central banks to embark on massive interventions. Given that the DXY had been climbing from 96.00 to approach 110 in 8 months, the markets were keenly eyeing the Jackson Hole event in August , anticipating for Chair Powell to signal the possibility of a pivot in the monetary policy path. But what we got instead was further jawboning about more rate hikes to come, and a reiteration of the FOMC's commitment to fight inflation growth. This was probably the last straw, as the DXY continued to rocket upward, blasting past 110 to reach the historic high of 114.75 in September, following another rate hike of 75bps from the Feds. Interest rate now stands at 3.25% Toward the end of September, improving consumer sentiment data showed that despite inflation growth and increasing interest rates, the economic performance of the US has been resilient. This provided some market confidence that the Federal Reserve could begin to pivot sooner rather than later, which consequently saw the reversal of the DXY. In October and November, inflation growth begins to indicate a slowdown. However, the Federal Reserve was still increasing rates at 75bps (interest rates were now at 4.00%). But as talk about terminal rates increases and the anticipation for a slowdown in the scale of rate hikes, the DXY continues to trade lower. In December , the inflation rate slows down to 7.1% the Federal Reserve's most recent rate hike was only 50bps, the DXY has retraced below 110 and now trades along the 104 price level. Is this the beginning of the bearish DXY? (Please put it in the comments if I've left out any key events) And stay tuned for the 2023 outlook!
TVC:DXY
by JinDao_Tai
7