Bitcoin warning🔥🔥VOLATILITY IMMINENT!The price Resistance levels to watch are $21300 and $22800 and $24300.With a little correction, I am expecting these levels to betaken out in a few weeks or maybe days. During the week we reached the prices we expected. But what do you think will happen now? The $22,000 bitcoin price will surprise everyone soon. But before that, we will test the $19400 price once. Bitcoin buying continues, rapid price rally suggests some pause at $21,000 and $19,000
TERM
Bitcoin, end of Bear Market or simple Bullish Correction?Hello everyone, today I look back at the impressive bullish correction that occurred this week in Bitcoin .
Madness this week on the crypto market, Bitcoin takes more than 20%, Ethereum 15% and Solana 35%!
The question we can ask ourselves is, Is this the end of the Bear Market or a simple bullish correction?
Let's start with the reasons for this week's rise. From a fundamental point of view, we do not have much important information...
The first reason is the liquidation of short positions. The cryptocurrency market saw $721 million in liquidations in 24 hours, a record since November 8, 2022 and the announcement of the FTX bankruptcy.
The second reason is the end of the U.S. reserve's restrictive policy. Inflation in the US is decreasing, which allows the FED to slow down the increase of interest rates.
And finally the third reason is the low liquidity of the markets on weekends which accentuates the movement of the week.
From a technical point we can observe above that we are still in a bearish channel and that as long as this oblique resistance is not broken we will remain in a bearish trend. We can also observe that although there has been an important bullish movement it has not broken the technical resistance of $21500.
Conclusion: As the crypto-currency market has accustomed us in recent years, bitcoin as well as other crypto assets remains very volatile. However whether from a fundamental or technical point of view we remain bearish for the time being. In my opinion, as long as we haven't broken the bearish channel and the $30,000 technical zone we will remain bearish on bitcoin.
THIS IS NOT INVESTMENT ADVICE.
Written by @maxencechachuat on 14 January 2023.
DXY reversal or retacement?TVC:DXY
Hey traders, I believe that the 4-hour view of the DXY will remain sideways until some important news is released. The first important news could determine whether we should be bullish (above the weekly trendline) or bearish.
In my opinion, next week will start bullish on Monday due to a bank holiday. The daily candle from Friday closed above the weekly trendline and above the monthly 50% level.
If it were to completely crash, the entry point would be at 101.300, which is a big monthly support level.
Balance sheet: taking the first stepsToday we are going to start learning about fundamental analysis of companies. In my opinion, this is the basic skill you should have when picking stocks to invest in.
Once again, the main principle of the strategy I follow is to pick outstanding companies and buy their stocks at a discounted price.
You may have noticed that first-class products are occasionally discounted in stores, but not for long, because such products are quickly swept off the shelves, and almost the next day the price is again without a discount. Exactly the same strategy is applicable to the stock market. Now, fundamental analysis is a method for picking outstanding companies (that is, companies with strong fundamentals).
How can we tell if a company has a strong foundation or not? There is only one way - by analyzing its financial statements. Every listed company has to disclose this information publicly on its website. In other words, we don't have to extract that information - it is publicly available. You can also find it on TradingView and see the data in dynamics.
What is the content of this information? The company publishes three reports : balance sheet, income statement and cash flow statement.
The balance sheet, like the order book , can be presented as an open book. The left side of the book lists the company's assets and their valuation in monetary terms, and the right side lists the company's liabilities and equity , and their valuation in monetary terms.
What are company assets ? These are everything that belongs to the company: buildings, equipment, trademark, shares of other companies, cash in the cash register. In general, all tangible and intangible property of a company are assets.
What are liabilities and equity of a company? These are the sources of funds that gave rise to the assets. For example, if you bought a computer for $1000 with your savings, then the computer is an asset, and your own savings are equity. If a friend lent you $100, and you put the money in your pocket, the money in your pocket is an asset, and the debt to your friend is a liability. Based on these examples, you can make an imaginary balance sheet:
As you can see, the entry in the balance sheet is the name of the asset, liability or equity and their monetary value. Assets, liabilities and equity are inextricably linked, so the sum of assets is always equal to the sum of liabilities and equity .
If we were to write every asset in this way on the balance sheet of a large company, it would turn into an endless book of hundreds of pages. However, if we look at the balance sheets of huge corporations, they can fit on a single sheet of paper. This is due to the fact that over time invented to group the same type of balance sheet items. Let's look at how the company's balance sheet items are grouped:
Don't be frightened. Now we will try to digest this table with the help of an example we are already familiar with. Let's think back to our master cobbler , specifically to the period when he was just starting out.
Let's assume what exactly he had at that time: a garage, a table, a chair, a sewing machine, tools, a bag with leather and rubber, thread, a safe with money, a phone book with clients' contact information, a IOU from his friend, and oil company stocks.
I have now listed the assets of our master, or should I say, of his workshop. I should note that what is listed here is exactly what is directly related to his business. Even the money in the safe, the debt from his friend, and the oil company shares came about because of the existence of the business. Let's say the master's apartment or the bicycle he rides in the park are not assets, because they don't belong to the workshop. They belong to the master, but not to his business.
Let's categorize the workshop's assets into groups. There are two big groups: Current assets and Non-current assets .
How should you distinguish them? The general rule is this: Current assets are what a company's product is made of, and what can turn into money in the near future, so they can be called quick assets . Non-current assets are where and with what we create the product, and what can turn into money not so soon (so they can be called long-term assets ).
So, here we go:
- A garage, a table, a chair are where we create a product, so a long-term (non-current) asset.
- A sewing machine, tools - this is what we use to create a product - a long-term (non-current) asset.
- A bag with leather and rubber and thread is what a product is made from - a quick (current) asset.
- A safe with money is already real money - a quick (current) asset.
- A phone book with customer numbers - it's hard to sell it to someone quickly, such assets are also called intangible assets and are placed in long-term (non-current) assets.
- IOU from a friend, i.e. a friend bought boots from a master, but can pay only after receiving his salary - a quick (current) asset.
- Shares of an oil company - let's assume that a customer once paid for the boots with them - a long-term (non-current) asset.
So, we've just categorized the master's assets into two groups: current assets (quick assets) and non-current assets (long-term assets). In the next post, we'll break down the components of these two large groups. See you then!
CABLE DOWNTREND REVERSALAfter the ceasefire in Ukraine, many traders are cautiously optimistic as the markets may be turning around. The appearance of an inverse head and shoulders pattern hints at a possible reversal in the downward trend since the Ukraine invasion. This could be a sign of a positive shift in the markets and could potentially open up some great investment opportunities. Traders should be sure to watch the markets closely for any potential opportunities that arise in the coming weeks.
The appearance of bullish flag pattern in the right shoulder might also indicate a continuation of recent uptrend.
The price is currently in a strong weekly resistance zone. This resistance also matches with 0.5 level of weekly Fibonacci retracement and also the neckline of the inverse head and shoulder pattern. I am highly awaiting the break of this resistance, which is a big big opportunity.
Addition confirmations
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The cables most negatively correlated EURGBP pair is also in its weekly resistance zone. This pair is in the process of making a double top chart pattern in 4H TF. This could indicate a rejection from the resistance zone and if that happens, the price will face down as the GU faces the opposite.
Will Bitcoin become more expensive soon?My indicators were already showing me to buy Indicator will show you helpful tips at the right time The price had a breakout from the ascending channel and retest the upper trendline as new support. The price could have another bullish impulse until the 0.618 Fibonacci level, where the price has another resistance.
IDFC BREAKOUT idfc give long tern breakout its a 15 years breakout every one do check once this idea might be helpful
USDJPY I It will return to resistance Welcome back! Let me know your thoughts in the comments!
**USDJPY Analysis - Listen to video!
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Scott's Miracle Grow WILL GROW!SMG strong buy ratings and solid financials make SMG a good Long Term Buy. The cannabis industry is helping build it's revenue from critical fertilizers and other materials that are it's core business. I honestly believe SMG is a stock that will double in the year. Mark my words Trading View! SMG will be a big winner!
Also, buying SMG while it's under it's major moving averages is a much better strategy than waiting for a large break-out and trying to time it perfectly. I think accumulating SMG the next few months is a wise idea.
Short Update ETH/USDT 4H INTERVALWelcome to ETH Updates. As we can see on the four-hour time frame, the price is moving above the local uptrend line.
Please see that price has moved up from the resistance at 0.786 FIB, when it positively tests this area, we could see another upward move to the resistance at $1353.
At this point, however, it is worth looking at the CHOP index, where we see depleted energy, while the RSI is very high, which may indicate a healthy price correction, to the levels of $1286, $1260 and even $1239.
BITCOIN FUTURE PRICE BULLISH🔋🔋On October 22, we said about the price increase. The prices of the dollar index went down. we expected bitcoin prices to rise. That's not all, if prices start to rise soon, bitcoin means that the hashrate to mining revenue ratio of $25,000 will reach an all-time high, which means they continue to invest in infrastructure despite very little mining revenue BTC in dollars. Historically, miners have been underwater in the short term, but have never failed in the long term.
FTM long - Fantom looking strongFTM are looking strong and now teasing a weakly break. I think it could be a good time to find a FTM-trade on lower time frame that could turn out to be a be a long time hold if the market turn "bullish". This trading idea have 1.0 risk reward ratio. Disclaimer - Fantom is one of my favourite coins all things considered...so I really try to find a good entry for a long time hold.