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📜 HISTORY LESSONS: When Banks Go Bust ..... Open war on Bitcoin amidst Banking worries: watch today's video here for all details: What happens when Banks go bust? The historical incident of Cyprus: 2012–2013 Cypriot financial crisis Banks in the small European nation of Cyprus go bust. Cyprus had 2 main banks: The Cyprus Popular Bank ('the Bad bank') was the second-largest banking group in Cyprus behind the Bank of Cyprus until it was 'shuttered' in March 2013 and split into two parts. A one-time bank deposit levy on all uninsured deposits there. Anything over the insured 100k was simply taken away! There also was a seizing of possibly around 48% of uninsured deposits in the Bank of Cyprus (the biggest one ie 'the Good bank') . What happened to Bitcoin then? It PUMPED for the first time to 1,200 (from around 100$ before the crisis). For reasons you probably understand, Just sharing this fact with you.. hope you find it interesting. I am just sharing a fact, everyone can take decisions for themselves. Wish you all luck, The FXPROFESSOR PS. I happen to be from Cyprus. Awesome place to live and economy has never been better here ever since our little 'Great Reset'. Come visit me in Limassol sometime: www.celebritycruises.com chatgpt on Cyprus haircut: The Cyprus banking crisis occurred in 2013 and was a result of the country's banks investing heavily in Greek government bonds, which lost value during the European debt crisis. This led to a significant reduction in the banks' capital, making them vulnerable to collapse. The Cypriot government requested a bailout from the European Union (EU), which came with a condition of imposing a "haircut" on bank deposits. The haircut, which was essentially a tax on deposits, was a measure designed to raise funds to stabilize the banks. Depositors with more than 100,000 euros in their accounts had to pay a percentage of their deposits to the government, while those with less than 100,000 euros were spared. This measure caused a lot of controversy and anger among the Cypriot people, as many felt that their hard-earned savings were being taken away without their consent. The impact of the haircut on people's deposits was significant. Depositors with more than 100,000 euros lost a substantial portion of their savings, with some losing up to 60% of their deposits. This caused a great deal of uncertainty and anxiety among the Cypriot people, as well as a loss of trust in the banking system. The Cyprus banking crisis and haircut had significant consequences for the country's economy. Many businesses and individuals suffered losses, and there was a decline in confidence in the financial system. The crisis also highlighted the interconnectedness of the European banking system and the need for greater regulation and oversight. In conclusion, the Cyprus banking crisis and haircut had a significant impact on people's deposits and the country's economy. While the measure was necessary to prevent the collapse of the banking system, it caused a lot of controversy and led to a loss of trust in the banking system.
BITFINEX:BTCUSDLong
by FX_Professor
10
BANK OF AMERICA One last low and off to the races?Bank of America (BAC) got heavily rejected in early November on its 1W MA50 (blue trend-line) and hasn't recovered since, staying for the whole December below even the 1W MA200 (orange trend-line). This is not the first time we see such price action from Bank of America. As you see on this chart, ever since the November 2011 Low, the stock has been trading within a Fibonacci Channel, with the extensions serving as very accurate Resistance and Support levels. We have seen 1W MA50 rejections after strong corrections in April 2016 and June 2020. Each of those times, the price hit the Buy Zone (green) before rebounding to a Higher High, while the RSI on the 1M time-frame hit the 38.80 Support. The 1M MA100 (red trend-line), which on March 2020 provided Support, is currently exactly at the top of the 10 year Buy Zone. As a result, BAC is a buy opportunity, either on the next Low, or if it doesn't make and rebound earlier, if we close a month above the 1W MA50. As far as a long-term target is concerned, the first Higher High on the Fibonacci scale was made on Fib 2.0 (March 2014), the second on Fib 4.0 (March 2018) and the third on Fib 6.0 (January 2022). Investors could hold, based on this sequence, until the 8.0 Fibonacci extension. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:BAC
by TradingShot
1
JP MORGAN Ahead of a Golden Cross. Strong bullish signal!JP Morgan Chase & Co. (JPM) has basically turned sideways since November 11 (despite the marginal November 25 Higher High) putting a pause to the enormous 1-month rally since the October 12 bottom. The big news on this chart is that the 1D MA50 (blue trend-line) is about to cross above the 1D MA200 (orange trend-line) to form the infamous pattern of the Golden Cross on the 1D time-frame. This is technically very bullish and in fact the last time we saw this formation was on November 13 2020, almost 2 years ago! As with today, the price was again just below the 0.5 Fibonacci retracement level, just a few days before the Golden Cross formation and after it was completed, started one of the strongest rallies in recent times, making a new All Time High on January 12 2021, essentially just 2 months after. Now obviously that was the era of 'cheap money', when the Fed printed trillions of USD in a very short period of time to support the economy during the COVID lockdowns. We can't expect the stock to rally as fast and as aggressively but still, as long as the Golden Cross is formed and the 1D MA50 supports, we can target one Fibonacci level at a time. Notice how similar the 2020 COVID recovery is with the 2022 (today) one. The 1W MA200 is in a symmetrical place, the 1D RSI was pulling back on the same fractal and the 1W MACD rebounded on the same level. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:JPMLong
by TradingShot
Russia/Ukraine Crisis effect on Raiffeisen Bank InternationalA few western companies that are listed could very much feel the consequences of the Russian invasion. Energy firms revenues and profits may be offset by a potential oil price jump so that is not a major concern right now. The financial sector is where I see an issue. According to calculations by JPMorgan, for the financial sector, the risk is concentrated in Europe. Any conflict in Ukraine will hit Russia just as you would imagine, there would be an economic hit and, along with sanctions that the US will impose this doesn’t sound good. Raiffeisen Bank International derived 39% of its estimated net profit last year from its Russian subsidiary. Raiffeisen Bank International would therefore be a good company to short. The two orange lines represent all-time highs and lows. The two black lines represent the last decade support and resistance levels In early 2014 when Russia invaded Crimea the stock fell by around 32%. In the event of an invasion, I see the stock falling towards the bottom black support line. Represented by the blue arrow. This would be a drop of around 22%.
SWB:RAWShort
by BlackbearTrader
2
PNB CHANNEL BREAKDOWNHello guys, the last two trades SRTRANSFIN & SIEMENS given here have both hit their 3rd targets and it was sooner than I expected. Now the stock that can be seen breaking a long time range is PNB. So now PNB, as seen on a weekly timeframe is making a bearish flag and pole pattern and on a Daily timeframe has given a breakdown from channel which was it's long time trading range. The pattern was broken and it closed 2% below the channel (went as far as 4%), which looks to me a great bearish move. RSI is in weak zone. MACD just turned bearish. I have many greater targets for long term swing traders on the short side because this seems in a forever downtrend but let's do with this now. Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding. Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
NSE:PNBShort
by this_is_shoaib