Spot
STRAX: Building Momentum for a Breakout! 🚀💹Introduction: 🌐 STRAX is under the spotlight as the trader strategically accumulates for potential gains! The coin has been consolidating within the historical resistance zone of $1.19 - $1.27 for the past two months. With substantial accumulation and significant volumes, the trader anticipates an impending breakout, projecting bullish momentum in the coming weeks.
Trade Plan: ✅ The trader has acquired a mid-term position on STRAX, observing the coin's consolidation near the historical resistance zone. The accumulation phase, coupled with substantial volumes, fuels the expectation of an impulsive breakout and subsequent upward movement.
Technical Analysis: 📊 Examining the chart, STRAX has been approaching the historical resistance zone of $1.19 - $1.27 for an extended period. The trader identifies the impressive accumulation and substantial volumes, signaling a potential breakout. The anticipated breakout is expected to initiate a sustained upward trajectory.
Risk Management: 🚨 To manage risks, the trader suggests placing a stop, at the discretion of the investor, at approximately $0.897.
Targets: 🚀 The trader has marked potential targets on the chart, providing a visual roadmap for prospective gains.
Conclusion: 🌟 STRAX beckons traders to join the momentum-building phase as it eyes a breakout from the historical resistance zone. With strategic accumulation, substantial volumes, and outlined targets, the trader anticipates a bullish surge in the coming weeks. Prepare for potential gains with STRAX! 💹🚀
PEPEUSDT 4H analysisPEPE recently broke its resistance zone and moved up.
Also retested the 50% fib level of recent rally.
Currently holding out this level. It could provide a major move upwards :)
GOLD NEUTRAL TO SHORT OUTLOOKGold prices have been subject to significant fluctuations recently, primarily influenced by factors surrounding the Federal Reserve's decisions and broader economic indicators. Understanding the key drivers behind gold's movements can be crucial.
The Federal Reserve, during its final meeting for 2023, is anticipated to maintain current interest rates. However, the market is particularly attentive to the Fed's 2024 guidance, especially Chairman Jerome Powell's comments. Any indications of a potentially hawkish stance or insights into future interest rate trajectories are poised to impact gold prices negatively, given the inverse relationship between gold and rising interest rates.
Inflation concerns have also been instrumental in shaping market sentiments. Recent reports unveiled unexpected rises in headline inflation, attributed to surging rental costs and increased prices for used cars and trucks. This persistent inflation, surpassing the Fed's 2% target, has sparked speculation regarding the timing of future rate changes.
Market expectations have been volatile, reflecting shifting probabilities of rate cuts. Current forecasts show a reduced likelihood of a rate cut in Q1 2024, highlighting the market's uncertainty and its sensitivity to economic indicators and central bank policies.
The impact on gold prices has been notable. Gold experienced substantial volatility this month, reaching record highs of over $2,100 per ounce before witnessing significant retracement. The precious metal even fell below the coveted $2,000 mark as the dollar regained strength ahead of the Fed meeting.
Traders are advised to closely monitor the Federal Reserve's statement post-meeting, economic projections, and Jerome Powell's press conference for insights into future policy decisions. Given the unpredictability inherent in financial markets, gold prices may continue experiencing fluctuations based on the perceived stance of the Fed on interest rates and inflation.
From a technical viewpoint, the indicators are currently displaying a neutral to bearish sentiment. The Relative Strength Index (RSI) is offering neutral signals, while the trend remains bearish. Potential support levels could be identified at 1950.01 and 1984.47, whereas a breach beyond these levels might drive the price toward resistance levels at 2011.36.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
The VIX will be up 8% soon. 1. Higher Than Expected NFP Report: If the Non-Farm Payrolls (NFP) report is higher than expected, indicating strong job growth, it could lead to increased market optimism. Paradoxically, this positive news might also cause concern among investors. They might worry that a robust job market could prompt the Federal Reserve to raise interest rates to prevent the economy from overheating. Higher interest rates can make borrowing more expensive for companies, potentially affecting corporate profits and slowing down economic growth. This uncertainty can lead to higher market volatility, causing the VIX to increase.
2. Apple's Declining Sales: If Apple reports a 3% drop in sales after close, it could negatively impact investor confidence in the technology sector and the overall market. Apple is a significant component of major stock indices like the S&P 500 and NASDAQ. A decline in Apple's sales could lead investors to reevaluate their portfolios and adopt a more cautious approach, contributing to market uncertainty and potentially increasing the VIX.
3. Current Daily Support Level and Fibonacci Retracement: Technical analysis suggests that the market is currently at a daily support level and below the 61.8% Fibonacci retracement level in the weekly price range. Traders often pay attention to these levels as potential turning points in the market. If the market breaches these support levels, it could trigger selling pressure and increase market volatility, reflected in a higher VIX.
In summary, a combination of a strong NFP report, Apple's declining sales, and technical factors indicating a potential market reversal could lead to increased uncertainty and higher market volatility, causing the VIX to rise. Investors tend to react to unexpected news and technical levels, which can influence market sentiment and impact the VIX accordingly.
Spotify's Bold Move - CEO Announces Drastic 17% Workforce CutKEY POINTS
i. Spotify to cut headcount by 17% amid economic challenges, aiming for a leaner, more efficient structure for future growth.
ii. CEO Daniel Ek emphasizes strategic investment and resourcefulness.
Spotify Technology S.A. CEO Daniel Ek announced significant organizational changes, including reducing the company's headcount by approximately 17%. The decision reflects the economic slowdown and the need for Spotify to align with future goals and challenges. Despite recent positive earnings, the cost structure remains too high, prompting this substantial downsizing decision.
In October, Spotify reported third-quarter FY23 revenue growth of 11% year-on-year to €3.36 billion ($3.65 billion), beating the consensus of $3.34 billion. EPS of €0.33 or $0.36 beat the consensus loss of $(0.22).
Ek emphasized that while Spotify's investments in team expansion and content enhancement have driven growth, the company needs to be more efficient and resourceful.
Affected employees will receive a calendar invite for one-on-one discussions, with severance details including an average of five months' pay, payout of unused vacation, healthcare coverage during severance, and immigration support.
Additionally, impacted staff will have access to outplacement services. Ek acknowledged the pain this decision will cause but emphasized the need for a leaner, more efficient structure to invest strategically in the business.
In June, Spotify disclosed the decision to cut its headcount by 200 employees in the global podcast vertical and other functions, representing 2% of the company's workforce. The stock has gained 121% year-to-date.
Price Momentum
SPOT is trading near the top of its 52-week range and above its 200-day simple moving average.
What does this mean?
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
SPOTIFY Buy opportunity on the 4H MA50.Spotify (SPOT) opened considerably higher yesterday but almost closed the 1D candle flat as it couldn't diverge more from the general bearish market sentiment. Clearly this opening jump indicates the stock bias to continue the bullish leg of the Channel Up that started on October 23, but a small pull-back along the majority of the market is probable, which can serve as a more comfortable buy entry for a rally to the end of the year.
Based on the 1D CCI, we may be in a similar situation as February's temporary top, which pulled back and only found support on the 4H MA50 (red trend-line). As a result we are looking for a new buy on the 4H MA50 in order to target the 0.786 Fibonacci level at 208.00.
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Market Update - December 1 2023
Bitcoin climbs as SEC speeds up spot bitcoin ETF review process: Bitcoin (BTC) continued to grind higher this week, reaching a new yearly high of over $38.5k, as market participants continued accumulating BTC ahead of the potential ETF approvals at the start of next year. The SEC announced it would open the comment period for its review of applications submitted by asset manager Franklin Templeton and crypto-native firm Hashdex, leading to speculation that the regulator may be lining up “every applicant up for potential approval by the Jan 10, 2024 deadline.” Investors continued to accumulate BTC, including an unidentified whale that has been gaining attention after purchasing ~12k BTC, worth more than $450 million, over the past month. Microstrategy also announced that it bought another ~$600 million worth of BTC in November, bringing its total holdings to 174,530 BTC.
Federal Reserve Governors appear to diverge on interest rate hikes ahead of December meeting: The Federal Open Market Committee (FOMC) is set to have its last meeting of the year on December 13, with the market widely expecting rates to remain unchanged. On Tuesday, two separate speeches from Federal Reserve governors differed on how they see the path forward on inflation and interest rates. Fed governor Michelle Bowman suggested that more rate hikes may be necessary to bring inflation back down to 2%, and notably hawkish Fed governor Christopher Waller appeared to ease his stance, suggesting that more hikes are not needed.
USTC and LUNC skyrocket amid Binance perps listing and airdrop news: Following rumors that there may be a Terra Classic USD (USTC) revamp backed by bitcoin and news that Binance would be a USTC perpetuals listing, USTC and LUNC unexpectedly gained investor attention this week.
FTX estate given approval to sell off trust assets: The FTX bankruptcy reached a key milestone this week as the estate was granted approval to sell its trust assets worth roughly $873 million at current prices. The added supply from these sell orders could cap price action for some of the assets. Notably, Solana (SOL) continued its rally to ~$60 despite FTX rumored to be selling SOL from its estate in early November.
🏛️ Topic of the Week: Interest Rates
➡️ Read more here
Exciting developments in the $ARB 🚀 Exciting developments in the AMEX:ARB universe! 📈 The charts are painting a promising picture with a Bullish Falling Wedge breakout and a robust Double Bottom formation. 🔄 The technicals suggest a potential upward surge, and I'm gearing up for the ride!
📊 Currently loading up as we speak, eyeing a target of $1.8. 🎯 This setup seems to have the perfect recipe for significant gains. 🚀💰 The market sentiment is positive, and I'm ready to capitalize on this opportunity!
🌐 Keep an eye on the charts, fellow crypto enthusiasts! 📈 Let's ride the waves together and aim for those impressive gains. 🚀💎 #ARB #CryptoNews #BullishSetup #DoubleBottom #ToTheMoon #CryptoTrading #MarketWatch 🌕
AMP INCREASE VOLUMEThank you for reading our update. Please keep in mind that this is not trading advice.
AMP seems to build new unexpected volume
Checking to see if its able to do 33% in the coming time.
SPOT EARNINGS CHART - SPOTIFY TRENDS SPOT chart for earnings. IMO, it probably see a rejection around 152ish and then drops down to buy zone 1. After buy zone 1, the return takes it back around 142-147.
Due to the nature of earnings, we could potentially see the drop to 126 all within the AH
Earnings potentially takes it down all the way to 102.
It's hard to say that earnings pumps, and the reason for that is due to the tech sector. Most tech stocks heading into earnings look like a small pump, followed by a decent sized retracement.
Potentially this, it would allow for some great movements, and trade setups.
SPOTIFY: Enormous upside potential.Spotify opened on a huge price jump following the much better than expected EPS and is approaching the July 19th High (182.65). Technically it turned bullish on its 1D outlook (RSI = 65.875, MACD = 1.600, ADX = 16.057) and a new long term uptrend seems secured as yesterday's rebound started after a clear hit and bounce on the HL trendline.
Price wise it looks like the arc pattern of November 2022-January 2023, which after the Resistance break, reached as high as the 2.0 Fibonacci extension. We have every reason to expect a similar long term rise to Fib 2.0 (TP = 235.00).
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SPOT Spotify Technology Options Ahead of EarningsIf you haven`t sold SPOT here:
Then analyzing the options chain and the chart patterns of SPOT Spotify Technology prior to the earnings report this week,
I would consider purchasing the 155usd strike price in the money Puts with
an expiration date of 2023-11-17,
for a premium of approximately $12.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
🔥 Bitcoin Spot ETF Approved: BUY THE RUMOR & SELL THE NEWS 🚨The BTC spot ETF has finally been approved, but will it result in the massive bullish pump that EVERYONE has been expecting.
My answer: No.
It's public knowledge that the Bitcoin spot ETF will be approved at some point now for months. Thus, most traders have already bought a position in anticipation.
Like nearly every ETH/BTC ETF news we got this year, I'm anticipating this to be a Sell The News event.
If there's something that I've learned over the years, it would be that if everyone expects a certain outcome, the opposite will often happen.
Yes, this is long-term great news for Bitcoin. However, I highly doubt we're going to see the massive shift in trend that people have been hoping for.
Nevertheless, I'm happy to be wrong, as a new high this year would definitely be against my expectation. The market has to prove it wants to go up first before I believe it.
Be warned.
$BTC weakening & comparison of Futures vs Spot, AGAINCRYPTOCAP:BTC is weakening further. Although the CMF shows TINY accumulation.
#BTC MACD histogram shows a slight neg divergence. This means that there is a decent chance MACD crosses over, negative.
Find it interesting that the Head & Shoulders neckline is right at the Nov 2022 bottom #Bitcoin trendline, blue dotted line.
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Now let's compare Futures vs Spot
RSI on spot CRYPTOCAP:BTC is much weaker compared to derivatives.
CMF shows huge differences between Futures vs Spot #BTC:
Futures Sold off & slow grind up vs Spot volatility
This was short covering vs Spike = false reading
Countless examples over the years on why using #bitcoin futures/derivatives charts is better, #crypto
Similarity again. The world of fractals is astonishing, if we follow this similarity, the bearish trend should resume until April, therefore before the next Halving and when SEC will accept spot BTC ETFs :)
FIS/USDT Long IdeaDrawn fib levels from top to bottom. High probability, it will go to 0.618 and 0.666 levels and then dump from it.
VOLUME IS ALSO GROWING.
USE STOPLOSS ACCORDINGLY.
Trade using risk management and buy in spot.
Only trade If you can afford to bear the loss.
NFA , DYOR
Minor spot portfolio accumulationWait for candle body close above weekly CHoCH and look for entry point in highlighted POI on correction.
BTCUSDTIf Bitcoin wants to repeat its past, We are now in May of the year 2019.
If it can cross the 32K resistance barrier, the 45K resistance can be the start of a bearish trend, otherwise by Halving 2024 we will have a range of between 30K and 16K.
$BTC gets great news, let's see how far it goesWas not going to post this but... Like clockwork, again.
We noticed a slight BULLISH bias for $BTC. Even mentioned that there's huge demand for #crypto related #stocks.
#BTC gets positive news today.
Grayscale wins lawsuit against SEC for #bitcoin Spot #ETF.
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Previous post (see profile for more info)
CRYPTOCAP:BTC is once again making case for BULLS short term.
We'll see.
4Hr RSI getting stronger & can be seen on daily.
Longer term #BTC has a GREAT case for bulls.
However, don't be naive.
Current area is not the best place for #bitcoin to build SUPPORT levels, 25k is much better, BUT it CAN!
