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Be ready for the reversal!#BTC: No Major Changes Yet..!! Bitcoin has been consolidating within a Descending Broadening Wedge for the past six months. Breaking through the critical $69-70k resistance level is essential for the bulls to regain control. Despite multiple failed attempts, there is renewed optimism that this time could be different, as the resistance is showing signs of weakening. A successful breakout above the Descending Broadening Wedge could propel Bitcoin towards the $100k mark in Q4. However, for now, leverage trading might not be the best approach. If you’re holding Bitcoin, it’s time to sit back and relax—the next bull run could be just around the corner. #Crypto #DYRO
Long
by CRYPTOMOJO_TA
11
What Will Traders Be Watching This Week? 06 Dec – 11 Dec, 2021*Please note; The author is working from UTC +13 when determining the timeline of data releases. Monday, December 06: Factory Orders from Germany for the Month of October is the first significant piece of data for the week. The market is expecting a 0.5% decline MoM, in factory orders. The EUR may come under pressure when this data reaches the market, especially when investors consider it in tandem with a recent German IFO Business Survey, indicating diminishing business confidence in the region and further noted “Supply chain bottlenecks are putting companies under real pressure, there is no sign of a let-up.” Tuesday, December 07: Possibly adding to downward EUR pressure is the German ZEW Economic Sentiment Index DEC, due Tuesday. The index measures the level of optimism held by analysts concerning economic developments stretching out over the next six months. The ZEW index is anticipated to post a decline of ~5 points to 25.3, from November’s reading of 31.7. Wednesday, December 08: Quiet Wednesday. Thursday, December 09: The Bank of Canada’s (BoC) Interest Rate Decision and Rate Statement are released very early Thursday. It will be interesting to see if the BoC will action its bullish rhetoric sooner than next year. However, with oil prices currently under pressure, a hike by the Bank is looking unlikely before April. Importantly, Deputy Governor of the BoC, Toni Gravelle, will speak to the organisation’s Economic Progress Report the following day. China’s Consumer Price Index (CPI) YoY data to November is due early Thursday afternoon. Last month, China’s CPI accelerated sharply from 0.7% to 1.5% as producers passed on rising costs. Producer costs have risen 13.5% since October 2020, the fastest pace in 26 years. As such, analysts are again expecting a steeper incline for November CPI data. Market forecasts have China CPI hitting 2.5%. Friday, December 10: Mexican Inflation Rate data YoY to November will be posted just after the clock ticks over to Friday. Mexican inflation is anticipated to record its fourth month of increases and possibly pass the 7.00% threshold. The Central Bank of Mexico, while believing inflation to be transitory, might respond with another rate hike when it convenes the following week to dampen inflation expectations leading to persistent inflation. The Mexican Peso spent much of last week strengthening against the USD, so the market may have priced this in already. Saturday, December 11: The US gets the last word this week. Its Inflation Rate YoY to November is anticipated to follow Mexico’s, creeping up to ~7.00%, from 6.2% the previous month. This forecast proving true could strengthen the Federal Reserve’s resolve to speed up its bond-buying taper and possible move forward the schedule of interest rate hikes.
by BlackBull_Markets
SAITAMA Healthy Consolidation!!!Saitama Inu is currently in an upward Channel with a healthy consolidation before moving to its next price range! Possibly reaching an ATH ( All time High) this incoming week! The Saitama Event in Vegas is Nov 13th which will be the revealing of the new Saitamask Wallet! I suggest researching and learning more about this token, you may be surprised about it's utilities and tokenomics! There is also anticipation of major Exchange listings coming soon as well! Price is pretty stable with this token which is very appealing for new investors, I wouldn't be surprised if we witness all time highs in the Month of November! I hope this information was helpful and I wish everyone the best of Luck!
SLong
by MrMitchellCrypto
Lagging AI/Crypto Stock? Upside potential? Hello, Traders! I have come across an interesting opportunity today.! SOS looks to have formed a solid demand zone near $2.25-2.50.. There has been a lot of speculation behind this company in the recent year and had a massive dilution in shares this year.. From about 24 million shares to 184 million shares roughly. The company has not released an earnings report all year but provided Fiscal 2020 earnings, essentially since they began mining crypto.. We should see earnings within the next 2 months.. Although volume has remained low recently with upcoming catalysts many big players will have they're eye on this one.. Weekly Chart shows we are consolidating under the previous Lower Low in the downtrend, which is also the yearly low. Buy Limit set at $2.67! Triple Bottom bottom pattern on Daily Chart should allow this stock to test the $3.50 daily resistance once again (1st TP). A break above this zone with strong daily closure will take the price to $4.75-$6.00 (2nd TP), respectively weekly resistance. A break above this zone will allow a test of the $9.25-$9.80 region where daily gaps down have yet to be filled. (3rd TP). A Break below $2.25 will invalidate this trade (SL for swing trade).
SLong
by DaReal1
"SAFE" "MOON" Only one month old, time is money.Safemoon is a new upcoming crypto currency that uses a new method called "burning" to accumulate more scarcity and demand. This drives the price of the coin up. It has been receiving increasing massive volume, and has already hit a market cap of 1 billion dollars. It is not currently tradable with USD, so you must buy bitcoin or ether. Then convert the coin into USDT in order to buy Safemoon coin; as it is only currently available in Europe. I believe this will eventually make its way onto Robinhood, and Coinbase. The moderators of the token just were able to get it onto a Korean Crypto Exchange. The moderators and some are pushing EXTREMELY HARD. Its a unified effort. We must become one. Tell everyone. Best of luck to yall. Thanks, Benjamin twitter.com safemoon.net (1million holders) "God is good and good with accountability is God"
RLong
by benarcotta
3