9 Millionth Bitcoin Has Been Mined, Could We See a Pump?Monthly Time-frame
We have closed a green candle on March. Rejection area or the supply zone is at $47,100. Good to open short position at the moment. a test to the demand zone is also possible for stronger pump to the upside. Demand zone is waiting at $37,700. This is possible if the stock market starts crashing.
Weekly Time-frame
We still have 1D and 21 hours left for the next weekly candle. $42,486 is a test of the demand zone. We are currently in the low volume node in VPVR which is easy to break to the downside.
1D Time-frame
We are about to form double top as Bitcoin and Stocks usually does it to get more retailers to be greedy and fearful. then gets dump again. Awesome Oscillator is still bearish with red volume ripe for correction.
4H Time-frame
Our Long signal in the afternoon made us good profit. our signal in the evening is too early to short most have hit their stop loss already. The market usually makes double top to liquidate the short and long first before continuing the downtrend. We can expect more to the downside in the following days. Supply zone is being respected we can start opening short position at $46,517, $47,440 and keep stop loss above the previous high. SL at $48,548 to make sure not to hit the sl.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
Ruble
BUYING GOLD - LONG TERM CUP AND HANDLE PATTERN what just happened with the Russian Central Bank - pegged 1 gram of gold to 5000 rubles (about 50 bucks) at the same time, Putin made it so that Russian Gas and oil can only be purchased in Rubles.
Meaning: Putin basically just pegged Russian Oil and Gas to Gold, using paper rubles as
a proxy. Europe will need to either buy Rubles from Putin in Gold, in order to buy Gas and Oil, or they will have to buy directly in Gold. This means there will soon be more demand for Rubles and with 5000 to 1 peg and oil being priced directly in gold - we could see a massive price disruption in terms of how much Gold a USD can actually still buy.
Foreign Countries holding our dollar debt notes in reserve will see less of a use for them and will want to start dumping them, in order to get something more stable, something which holds its value.
Basically, any currency pegged to gold now will fit the bill? This means these countries -
like Japan will be dumping their dollar debt as fast as they can. They're not going to simply go down with
the ship.
This will all have a deflationary effect on the Ruble making it more valuable over time.
This means Putin will be able to re-peg the Ruble to Gold at whatever rate he wants, down the line, its
5000 rubles today. Tomorrow it might be 500, and then 100, and then 10.
This also means all those excess dollars being dumped by foreign nations are about to come home and could cause even worse inflation than were seeing now.
Olmec Strategy in Ruble / USD exampleDescription of Analysis. Context. Thought Process. Profit target & stop loss.
Description;
The ruble / USD is a great place to explain and the Olmec strategy.
The Olmec strategy is a simple and effective way to read price action using Moving Averages and the Price Volume Trend;
Moving averages are used to spot trend reversals, maintain positions open or short and find precise entry and exit points.
The Price Volume Trend is then used to re-affirm the
Context;
Background on the RUB / USD pairing;
For the last 30 years since the fall of the USSR, the USA and the European Union have fulfilled their economic and military agendas.
This is not fiction but rather fact. The USD and Euro have made this a reality by being the preferred medium of exchange at the expense of other currencies and so for the last 30 years we have seen the steady selling of currencies like the Ruble in exchange for Dollars or Euros.
Thought process;
From today the 31st of March 2022 Russia will only accept rubles as payment for Russian natural gas.
While most European countries have opposed this, the chart shows a change in trend for the heavily discounted Ruble.
Current entry is at 0.0106
Will importers cave into Putin’s gas for Rubles demand?In what is widely seen as an attempt to circumvent Western sanctions and prop up the Russian ruble, Russian President Vladimir Putin recently required “unfriendly” buyers of the country’s natural gas to pay in rubles, a move that could have far-reaching implications on global oil and energy supply.
"I have decided to implement a set of measures to transfer payment for our gas supplies to unfriendly countries into Russian rubles,” news outlets quoted Putin as saying in a government meeting last week, adding that Russia would turn down payments for natural-gas supplies in currencies “that have compromised themselves,” including dollars and euros.
Putin has given the Russian central bank and gas suppliers like Gazprom, Rosneft and Lukoil a week to implement the change.
Why is Putin pushing for ruble payments?
Russia’s decision came as the country’s oil trade has been left in disarray as importers put orders on hold amid a wide condemnation of the Kremlin’s attacks on Ukraine. Since the war broke out over a month ago, concerns of a global energy crisis intensified, sending pump prices skyrocketing to record highs and fanning global inflation fears.
Economic sanctions imposed by the US and its Western allies have also caused the Russian ruble to fall to record lows in the early weeks since the war started, further weakening the Russian economy.
Putin’s latest move sent the ruble to its strongest in nearly a month against the US dollar last week, although it was still down ~25% this year as of Monday, March 28, at ~106 against the dollar.
Will importers cave in?
Russia supplies nearly 40% of the European Union’s natural gas and over 25% of the region’s crude oil. Although the global oil cartel known as the Organization of Petroleum Exporting Countries (OPEC) and other non-OPEC oil-exporting nations played down concerns of a global oil shortage as the war drags on, many industry players fear a potential demand destruction that could cause oil demand to peak and fall when pump prices become too expensive.
To reinstate the balance in oil supply and demand especially during wintertime in Europe, EU-based importers of Russian oil could then choose to yield to Putin’s demands and pay in rubles.
However, EU leaders, shortly after Putin’s announcement, stood firm and rejected the Kremlin’s demands, with Slovenia Prime Minister Janez Jansa saying “nobody will pay in rubles,” Bloomberg News reported. The message was backed by leaders of Ireland, Italy, Croatia, and Germany, among others, ahead of a summit meeting in Brussels. The leaders stressed that Putin’s demand would be in violation of their existing contracts.
Adding to Putin’s woes is US President Joe Biden’s pledge to deliver 15 billion cubic meters of liquified natural gas to Europe this year on top of the shipments that are already on their way to Europe.
The probability of EU importers caving into Russia’s demands are also looking less likely as the EU steps up its efforts to discontinue buying Russian gas before 2030.
Faster transition to renewable energy sources
Instead of a far-reaching energy crisis that many fear could come out of the Russia-Ukraine war, sanctions against Russia and the Kremlin’s countersanctions could accelerate the transition to renewable energy sources. Europe could speed up the construction of LNG terminals across the continent to store LNG deliveries from allies including the US.
Agora Energiewende, a German think-tank, suggests a 32% reduction in Europe’s gas consumption by 2027 if the continent slashes its use of fossil fuels and transition to wind and solar energy in the next five years. This measure could save the EU between 127 billion euros and 318 billion euros on gas imports, the think-tank said. Scaling up renewable energy in the EU could allow the continent to avoid 80% of today’s Russian gas imports by 2027, Agora Energiewende added.
MOEX Russia Index reopens after one month Short-selling on stocks are banned.
Foreign investors can`t sell stocks or OFZ ruble bonds until April 1.
i think that is the reason why it went up +4.37% today.
The index is now $2578 while in the Covid lockdown it went to $2080. And the world was at peace back then.
I don`t see how the price of the index wouldn`t touch the $2080 level again.
In fact, if the trading restrictions will be lifted after April 1st, then i think it can go down to $1550 and $1220 eventually.
Bears Are Giving Up Already?Weekly Time-frame
Awesome Oscillator is already bullish we printed green volume for weekly volume. We are about to test the supply area were we always get a rejection, if we hold this time it can flip it and turn it to base and start another rally to the upside.
1D Time-frame
Greed and Fear index is now #31 which is fear only. seems like we are holding on this area and we are gonna start pumping again as we have printed a bullish engulfing candle pattern.
RSI is also bullish above its Moving Average (MA). We are currently resting in the demand zone that is why we are bouncing as we touch the $42,000. Supply Area that needs to turn as Demand Area is in $43,000 - $46,000. If we touch the demand area we can expect more to the upside.
4H Time-frame
Our signal last night is now in profit. We just hit the entry in $42000 now its starting to be profitable. We are hoping that this base demand area holds so we can pump and break another Supply Area. RSI and AO are all bullish.
Long position liquidated reach up to $66M which cleared the way to the upside.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
The US Markets Have Not Fallen yet
It's make me angry! All this situation around Ukraine. I'm from Russia and I'm not ashamed of it. Although there has come a period that it is not safe to be Russian now. And I'm worried about my kids because their mama is Russian. My husband from Germany and we live in Germany now and it is here that anti-Russian sentiments are especially strong!
I always considered myself intelligent and thoughtful, it's not for nothing that I work as a financial analyst. But now I feel confused.
If I would stay in my country I believe that I will have more opportunities to use this situation but I'm here. I'm sure that european governments understand what they doing. And also they represent what kind of reverse effect sanctions against Russia will give them.
The United States has imposed a ban on the import of oil, a number of petroleum products, liquefied natural gas (LNG) and coal from the Russian Federation. The British Foreign Ministry called on Europe to extend sanctions on oil and gas from Russia.
I will not say that many people will lose their jobs in Russia because of sanctions, and life in general will become more expensive. But it will be hard in Europe, too.
Have you seen gasoline prices yet? In Germany, the cost of 1 liter has increased to 2.30 euros, in the Netherlands it is already 2.5 euros. Ads appeared in stores stating that there are restrictions on buying products in one hand. And it is only beginning…
If you ask how did the sanctions affect me? I will answer that for the third week my work has been frozen because there are no traiding in russian stock markets. Some of the clients I work with are also from Russia, their accounts are also blocked, my bank card is disconnected from SWIFT and I can no longer use it until I return to Russia.
What else? Oh, yes, the dollar and euro exchange rates against the ruble have increased by 38% and 30% over the past two weeks.
The news that I read and analyze in Russia and Europe differ as black and white. I will not say who is right, the truth is in the middle. But why does everyone forget and do not want to admit that this whole situation in Ukraine happened thanks to the support of America? And that the Russians have been oppressed for 8 years? And that in general, the United States has always benefited from war on the territory of other countries and it is convenient to write off miscalculations and failures in the economy under this idea.
I apologize for this post, but I can't stay silent anymore. I want other people to think about what is really happening and that Russia is not the first country to face an economic blockade, there were Iran and Venezuela. So the point, as always, is who benefits from it!
The US markets have not fallen yet, look at the weekly chart of the S& P500 and remove all illusions, the nearest target is 3600-3800 points.
RUBEUR ENDING A BEARISH PATTERN - ELLIOTT WAVE Hi Elliotticians, RUBEUR can be unfolding a complex pattern on the weekly time frame, known as a double zig-zag down from 2008. There is a completed a-b-c move in w, followed by a completed elliott wave triangle in x, and now a possible three-wave move down for a wave y. Possible support and a rebound can be near the middle parallel channel line and at the Fib. ratio of 1.0 and 0.618.
An impulsive recovery above the 0.0148 lvl. would suggest a completed move to the downside, and a bullish advance.
Alternate count suggests an impulse to be underway down from 2008, specifically wave 5 of an impulse, which is formed by five sub-waves. Possible support and a turning point to the upside can be near the same levels as for wave y.
Take care!
What you need to know to trade wheat futures in 2022Fears of the impact of Russia-Ukraine war on global inflation and recession have escalated in recent weeks and another major issue looming over the horizon are concerns that the conflict could result in a hunger crisis as both countries account for over a quarter of the world’s wheat exports.
Wheat prices recently surged to a 14-year high, with the price of a bushel of wheat soaring more than 50% to $12.94 on Monday since the Russian invasion of Ukraine began. The price movement on Monday hit the Chicago Board of Trade’s limit for another day.
Reliance on Russia and Ukraine wheat exports
Russia and Ukraine are two of the world’s largest exporters of wheat, accounting for about 30% of the global total. In 2019, Russia was the world’s top wheat exporter, while Ukraine came in fifth next to the US, Canada and France, according to data from the Observatory of Economic Complexity.
The disruption in both countries’ grain harvest and trade could have catastrophic impacts on their biggest buyers in the Middle East including Egypt, which depends on Ukraine’s wheat imports to produce subsidized bread to its poor population and other staples.
These fears intensified on Wednesday after the Ukrainian government said it will ban exports of key agricultural goods like wheat, corn, salt, meat and oilseeds to maintain market stability in Ukraine and “meet the needs of the population in critical food products.
Looming food shortage
Many nations rely on Ukraine and Russia for grain and oilseeds and the crisis could exacerbate the supply of food especially at a time when low-income countries are still reeling from the COVID-19 pandemic.
Some economists have warned that the war could lead to a repeat of the Arab Spring in the past decade when social unrest and armed rebellions led to soaring food prices.
"The fallout from Ukraine will spread across the globe. Russia and Ukraine together export 30% of the world's wheat. As this war heats up, many countries will face: soaring food prices, catastrophic hunger & growing instability,” David Beasley, the head of the United Nations World Food Program said.
Farmers in Russia and Ukraine are tipped to reduce their planting area in the coming seasons as the war intensifies, placing the pressure on other exporters to boost production.
China, India, US work to fill in the gap
Although Russia and Ukraine’s grain trade have not been technically included in sanctions imposed by Western countries, many importers have turned to other sources like China, India and the US to make up for any shortfalls, according to ING Bank, over fears of supply disruptions.
“We would expect to see strong plantings from US farmers over the spring, leaving the potential for an increase in US spring wheat, corn and soybean area,” ING’s head of commodities strategy, Warren Patterson, said in a note on Monday.
Volatility in wheat markets
The lingering crisis in Ukraine has caused wheat prices to be highly volatile in recent weeks as countries work to ensure grain imports to feed their population. The CBOT soft red winter wheat, KC hard red winter wheat and MGEX spring wheat all reached their daily trading limits for another day on Tuesday, while US wheat futures snapped a six-day winning streak the same day.
Investors have been hesitant in making big position moves for the second week in a row last week despite the market volatility, Reuters said.
In the week ended March 1, commodity funds axed only 11,000 futures and options contracts from their CBOT wheat net short, down from estimates, the news outlet reported earlier this week, citing data from the US Commodity Futures Trading Commission.
"Huge speculative interest has flowed into wheat that may have pushed futures past reasonable levels… The export market is difficult to define with many countries banning exports and tenders being canceled,” CHS Hedging was quoted by Bloomberg News as saying.
RUBLE (USDTRUB) TA: 22.2.24The ruble has broken the resistance zone of 83.5-85$ and has reached the price top of the channel. The 90$ range is the resistance of this currency, in case of failure of which the goals drawn in the chart can be seen
⚠️ This Analysis will be updated ...
👤 Sadegh Ahmadi: @SDQ_Crypto
📅 24.Feb.22
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better
BTC/USDT Long or Short? 22.3.8Bitcoin is below the resistance of 39500-39825$, which is an important supply area
1- Positive divergence is seen in the 1-hour chart, but Bitcoin needs to break the 39500$ level and the downtrend (blue) to climb.
2-Due to the contradictory news in the world, buyers are cautious and I think they prefer lower prices to buy.
3-I have identified two paths for Bitcoin that can happen, but it is suggested that you wait for the trend to become clear.
4-Finally, I am happy to help me provide the best charts by liking and sending comments.
⚠️ This Analysis will be updated ...
👤 Sadegh Ahmadi: @SDQ_Crypto
📅 8.Mar.22
⚠️(DYOR)
❤️ If you apperciate my work , Please LIKE and COMMENT , It Keeps me motivated to do better❤️
Russian Economy Collapse >>> Russian Ruble is in free-fallin less than one week Russia lost 270 Billion in Economic Value ... the Russian Ruble is in free-fall >>> Russian Ruble is off 60% and is currently trading less then 1 penny ( 0.0081 USD )( 20% less than 1 penny ) >>> the UN Sanctions are a total fiasco to Vladimir Putin >>> Russia must stop the WAR and negotiate sees-fire (ASAP) otherwise it will lose all of its Economic Value by the end of March 2022 >>> Putin caused Disaster to Russian Economy >>>
russian ruble - Ukraine war according the ruble chart this complicated situation in Ukraine and Russia will be ended on Feb 2024 .this a monthly chart it means each candle will long for a month and there will be a lot changes in each candle. this is not an financial analyze but a time prediction for the war situation in Ukraine . future will show a lot of things.
USDRUB worst case scenarioif you haven`t read my first article when i expected the 86 level to be reached after the Russian ruble was no longer aligned to Crude Oil price:
or the 95 target after the Ukraine invasion:
this time i expect, considering all the sanctions and the fact that exchanges are selling USD in Russia for a price at least 30% higher than the forex market; i even saw a picture where 1 usd was selling for 250 RUB, then my prediction in 150 this time, or the dollar to be 2X stronger than it was at the beginning of this was.
Looking forward to read your opinion about it.
is it true that the US Dollar is already trading so high at the exchanges?
Is Bitcoin a safe haven in these times of uncertainty?
Bitcoin is Now Worth More Than the Russian RubleAfter the collapse of the Ruble in the wake of Russia's invasion of Ukraine this week Bitcoin has now officially surpassed the Russian Ruble -- according to CoinMarketCap:
"Bitcoin has a market cap of approximately $835 billion while the ruble has a market cap of around $626 billion."
MOEX -- the tracker for the Moscow Stock Exchange went dark after the combination of sanctions and people pulling money out of banks/exchanges went into effect. The country is now in economic turmoil -- some are speculating that even altcoins like Ethereum and Dogecoin may have surpassed Russia as well. (Though the data for it is now available, yet.)
While some countries are currently celebrating the economic "victory" over Russia, some analysts are expressing concern over secondary effects over oil and gas prices, potentially further worsening inflation and supply-chain woes that were already starting to mount all across the globe.
With a US recession looming in the horizon, what does this mean for crypto? So far there hasn't been any indication that the losses of fiat currencies leads to the decline in the asset itself. In the long run, this may prove to be an important factor in how the industry pans out over the next few years.
www.coindesk.com
Bitcoin is Now Worth More Than the Russian RubleAfter the collapse of the Ruble in the wake of Russia's invasion of Ukraine this week Bitcoin has now officially surpassed the Russian Ruble -- according to CoinMarketCap:
"Bitcoin has a market cap of approximately $835 billion while the ruble has a market cap of around $626 billion."
MOEX -- the tracker for the Moscow Stock Exchange went dark after the combination of sanctions and people pulling money out of banks/exchanges went into effect. The country is now in economic turmoil -- some are speculating that even altcoins like Ethereum and Dogecoin may have surpassed Russia as well. (Though the data for it is now available, yet.)
While some countries are currently celebrating the economic "victory" over Russia, some analysts are expressing concern over secondary effects over oil and gas prices, potentially further worsening inflation and supply-chain woes that were already starting to mount all across the globe.
With a US recession looming in the horizon, what does this mean for crypto? So far there hasn't been any indication that the losses of fiat currencies leads to the decline in the asset itself. In the long run, this may prove to be an important factor in how the industry pans out over the next few years.
www.coindesk.com
Real Money Moves Markets Good morning, nothing really technical here today folks just a reminder that one Geopolitical Event In Ukraine caused the market to move sharply to the upside. The power of real money cannot be denied during times of Bank Freezes or even Invasions & Occupations. Bitcoin passed the test once again, when millions of people donated BTC to fund Ukraine's Military. Over the last few weeks a colleague approached me in different ways sneakily trying to ask for crypto advice. I have to be honest, to people who aren't in the market & are clueless about the technology Bitcoin seems like some secret Cabal. Every few years people ask me randomly what coin they should buy. After six years the answer is always the same. I suggest starting with Bitcoin. If anyone is managing a portfolio BTC is the best way to start, it's the best investment, the best money, the most liquid cash, the most secure, it goes on & on. But for some strange reason, they think I'm lying or keeping secrets, or worse yet, I'm supposed to teach them portfolio management FOR FREE. This colleague, said his organization had access to large sums of cash sitting in a bank acct. A regular acct not a business acct. He asked what was the best thing to do? I suggested buying BTC & collateralizing it back into dollars 50% at 1% interest. The Org would have had tens of thousands of dollars to advertise, to do community events or for projects within the facility...The following week the conversation shifted to Akoin being some kind of solution for people in Senegal & potentially for black Americans here in the US. I was floored. After six years of teaching BTC, I had to start all over with the basics. My new approach is not to bash sh!tcoins but to allow people to fail, I do research on the projects then get back to "investors" with the good the bad & the ugly about their latest lotto dreams. After a few short conversations about the idealism behind Akoin or rather the appeal my colleague told me he hoped I was wrong or that he didn't want what I'd said to be true. I have no other choice but to believe he bought Akoin when BTC was dipping. The weight of the words "I don't want to believe that & I hope that's not true" were devastating. And this is the reason portfolio management conversations cost money.
What do you think?
Did you buy the BTC dip?
How do you handle no coiners?
Most diplomatic way to handle sh!tcoiners?
Disclaimer: In no way should my remarks or the context of coin discussion surrounding Geopolitics, Nation or Country of Origin to be considered disparaging. In fact if you're interested please see the latest developments regarding Senegal's adoption of Bitcoin.