Get started

Coronavirus (COVID-19)

Aussie dips ahead of retail sales After a strong week, the Australian dollar has reversed directions and dropped below the 0.75 line on Monday. Investors will be keeping an eye on Australian retail sales, which will be released on Tuesday. The markets are expecting a gain of 1.0%, down from 1.8% in January. The month of March has been kind to the Australian dollar, with sharp gains of 3.47%. The risk currency has not been affected by the tumultuous reaction in the markets to Russia's invasion of Ukraine, although risk apprehension is certainly higher since the war began. Investors are also uneasy over the situation in China, which continues to battle an upsurge in Covid cases. The government has imposed rolling lockdowns on Shanghai, which has a population of some 25 million. The property crisis has been overshadowed by the Ukraine crisis, but it hasn't gone away. Since Evergrande's default last year, Chinese property developers are finding themselves locked out of the global debt market, and the country's third-largest developer missed two bond payments on Friday. There is plenty of risk apprehension to go around, but the Aussie's savior has been the resource-based economy of the Lucky Country, as the range of commodities that Australia exports have been in huge demand as prices continue to head higher. Australia releases its annual budget on Tuesday, and the surge in commodities will allow the Morrison government to narrow its budget deficit and also give out some goodies, as it eyes a federal election later this year. The budget is expected to include help for homeowners and a temporary reduction in the tax on petrol. 0.7414 is the first line of support. Below, there is support at 0.7313 There is resistance at 0.7577 and 0.7639
by OANDA
GLOBAL COVID-19 - Pushing the projection model Just an observation here... I have been posting much about using the MACD Histograms to project the spikes and waves of COVID-19 infections, given the data collated on this platform. So far, it has been pretty uncanny in accuracy. Just coming across the Total COVID-19 Confirmed Infections chart, there appears to be an odd divergence on the MACD histograms.. and this leaves me wondering if we are on the cusp of an unllikely surprise global surge, starting from April 2022. Am really left wondering if I am pushing this projection model too far, or it is telling us something... only time will tell, I suppose.
C
by Auguraltrader
SINGAPORE COVIS-19 Wave 4 Ebb into FlowA week after calling the levelling off in reported infections, it did just that and few days later, the SG Health Minister's statement says that the omicron peak is over . From the past few days, the ebb is slowing and the drop in infections appears to be picking up again. Do remember that virus infections are not exactly linear in amounts and in time as well. So, we could very well be at the ebb of the tide, only to see a resurgence from early April, as projected in the chart. the next 5-7 days would be critical in solidifying this projection; although it is clear that there is a deceleration in the reduction of infections. Heads up!
C
by Auguraltrader
What Will Happen to Crypto During a Recession or Stagflation?Inflation in the US markets hit 7.9% last month - while the Federal Reserve was claiming that inflation was "transitory" all of 2021, realizing the US dollar may be in risk of systemic collapse they finally started to consider the possibility of raising interest rates (it's been near 0% for almost a decade now) -- arguably their only weapon to combat inflation at this point. (As a reference, Russia's interest rate jumped to 20%+ after their stock market collapsed after their invasion of Ukraine in late Feb.) Increased interest rates means higher interest rates on loans, which is good for savings but bad for investment since loans become more expensive to do. Experts are predicting that a recession -- possibly a global recession -- is looming in the horizon. What does this mean for crypto? Given that crypto's massive jump in 2020-2021 took most people by surprise there isn't too much reliable data out there but there's a few things we might be able to discern based on a few data points: - Crypto adoption tends to be high in countries with unstable economies; the rankings vary from study to study but adoption rates in Ukraine was high, even before the war. (The US and Russia usually in the top 10.) It's interesting to note that the inflation rate in Ukraine in 2015 was almost 50% -- which makes assets like Bitcoin and other currencies much more appealing. If the major superpowers' economies become unstable, we may start to see similar patterns emerge as a result. (Japan's inflation rate has been very low for decades and their crypto adoption rates are also very low, despite being relatively friendly to the technology itself.) www.statista.com - In terms of raw numbers, India has, by far, the highest number of people who own crypto (~100 million+) but their inflation rate has been climbing gradually in a similar pattern to the US in 2021. (With the officials telling people the same exact story as the Federal Reserve in the US last year -- "don't worry, it already peaked." 😂). In the same vein, most developed countries are in the same boat as the US right now as the disruptions on the global supply chain (due to COVID restrictions) continues to push inflation higher almost everywhere. - In the short/medium term, the proposed solution by the Federal Reserve (a marginal 0.25% interest rate increase in March) isn't very likely to make that much of a difference until the Feds start to get more aggressive with the hikes. (Which they have considered as a possibility, but are wary of announcing since they know it may trigger a downturn in the markets.) Inflation is very likely to continue for the rest of 22', in other words. - As of 20-21' lots of money has been thrown at crypto, DeFi, metaverse, and NFT projects both in business and personal deals -- many of them tied to traditional contracts in USD or fiat. (Although typically ill-advised, some people have been taking out cheap loans for crypto.) As fiat currencies become weaker, these fiat-crypto hybrid contracts are less likely to become common place, but will still make "pure" crypto deals more appealing. We might be able to estimate how much fiat money is tied to crypto assets based on market presence - BTC is the highest, by far, followed by ETH, DOGE, ADA, SHIB, XRP, DOT, SOL, etc. Coins that relied on marketing dollars to stay afloat (since it's currently only spendable in fiat money) are likely to be the most vulnerable. www.globaldata.com - During bull runs like the ones we've seen in 20-21', marketing/hype tends to reign supreme since cheap loans and rising prices tends to create a short-term market for pump-and-dump projects. During recessionary periods, however, crypto projects with more utility is likely to come out ahead. (As Vitalik Buterin says -- he "welcomes" a crypto winter so that more serious projects can finally get the attention that they deserve.) But we don't really know if a weakened USD or fiat as a whole really will lead to a "winter" -- there is also the chance that fiat money will run to crypto as a refuge, pumping up the price as a whole. Traditional finance outsizes crypto by a huge margin, after all -- all it takes is a small % of the former to affect the latter in an exponential way.
Long
by RyanTanaka
3
SINGAPORE COVID-19 Wave 4 UpdateAt the start of the year, it was clear that the Omicron wave (Wave 4) started, as heads up by the previous post. Wave 4 is ON now. In the coming weeks, it starts slow, but will accelerate faster and faster, into March and April 2022 In the last two months, we can see that the infection rate escalated after the turn into February. Depicted by the white and yellow line gradients marked under the MACD Signal line. No deceleration is observed yet... so expect at least a week or two before we see some levelling off (hopefully). Given the current measures, and population attitudes, I honestly do not yet see this abating soon... will check in again in a couple of weeks if there is any developments. #marapr2022
C
by Auguraltrader
Pound steady as retail sales reboundUK retail sales rebounded in January, with a gain of 1.9% m/m, its highest monthly gain since April 2021. The increase followed a decline of 4.0% in December and beat the consensus of 1.0%. The Omicron variant of corona continues to have a significant impact on consumer spending. The December drop was a result of consumers doing their Christmas shopping in October and November, while the January rise reflected the easing of health restrictions. With Covid regulations set to expire due to falling infection rates, we should see consumer spending continue to accelerate. The Bank of England remains under strong pressure to raise rates at its meeting in March. The markets have priced in a quarter-point hike in March at 100%, and the BoE will likely follow up with more hikes until inflation, which is at a 30-year high, is brought down. We can expect the BoE to deliver a more gradual pace of rate hikes than what has been priced by the markets. The Russia/Ukraine border remains extremely tense, although a feared invasion on Wednesday did not materialize. Tensions heightened on Thursday after a skirmish in a border region which the West feared was a pretext for a full-scale invasion. This sent the financial markets tumbling as risk sentiment dissipated. The US has disputed Russia's claim that it has reduced its forces on the border and says an invasion could occur at any time. Still, there is a ray of light for a diplomatic solution, as the US and Russian foreign ministers will meet next week, so an invasion appears to be on ice, at least for now. It's a safe bet that market direction next week will be largely set by developments in the Ukraine crisis and market participants should be prepared for volatility. There is resistance at 1.3640. and 1.3719 GBP/USD has support at 1.3487 and 1.3413 .
by OANDA
Covid in 2020, Inflation in 2021, Geopolitics in 2022The Chinese New Year just passed, and we are now in the year of the Tiger. “May you live in interesting times” is often considered the translation of a traditional Chinese curse. Markets reflect the economic and political landscapes In 2021 rising inflation was at the center of the stage Inflation will continue to impact markets in 2022 and beyond Geopolitical concerns are rising- China and Russia become allies at the Winter Olympics Iran and North Korea pose threats- Significant moves could come from geopolitical events over the coming months In early 2022, the world continues to suffer from COVID-19 variants and the fallout from economic and political policies that addressed the global pandemic. Markets are nervous with choppy price action in markets across all asset classes. The stock market has been threatening to correct to the downside, and bonds have declined on the back of the prospects of rising interest rates. Cryptocurrency volatility continues to be at head-spinning levels. Commodities remain in mostly bullish trends, but bull markets rarely move in straight lines. As we learned in early 2020, the most significant market volatility comes from unexpected events. In early 2022, the world is anything but a stable place as tensions are mounting and the US’s role as the leader of the “free world” is challenged. In 2020, the pandemic caused wild markets price swings across all asset classes. The central bank and government tools addressing COVID-19’s economic fallout dominate markets in 2021. In 2022, the geopolitical landscape appears to be the factor that could cause lots of uncertainty and price variance. Markets reflect the economic and political landscapes We follow trends as they reflect the crowd’s wisdom. The old sayings “buy the rumor and sell the fact,” or “sell the rumor and buy the fact,” refer to the market’s habit of fading news leading those who follow the news to lose. Over time, macro and microeconomics and the geopolitical landscape determine the path of least resistance of prices. However, market volatility can cause dramatic short-term moves that defy rational, logical, and reasonable fundamental analysis. In early 2022, markets continue to emerge from the global pandemic. The impact of monetary and fiscal policy tools that stabilized economic conditions has significantly impacted markets that will long outlive the pandemic. Moreover, geopolitical dynamics are shifting, increasing the threat of hostilities across the globe. The pandemic caused market volatility in 2020 and 2021, but in 2022, the price variance could increase as the economic and political landscapes are creating more than a bit of uncertainty, and markets hate uncertainty. In 2021 rising inflation was at the center of the stage In 2021, inflationary pressures rose to the highest level in four decades. The consumer price index rose by 7%, while the core CPI, excluding food and energy, rose 5.5%. The producer price index increased by nearly 10%. US GDP also moved appreciably higher. The Fed did absolutely nothing as inflation rose, blaming the economic condition on “transitory” pandemic-inspired supply chain bottlenecks. However, a four-decade high caused the central bank to realize that inflation was more structural than temporary. At the November and December FOMC meetings, the rhetoric became more hawkish, but while the Fed talked a good game, the only change came as they began tapering quantitative easing. Tapering was not tightening as the central bank continued to purchase debt securities. In early 2022, the hawkish squawking increased in volume at the January meeting, but QE will not end until early March, setting the stage for liftoff from a zero percent short-term Fed Funds rate. In 2021, asset prices increased with double-digit percentage gains in the leading stock market indices, commodities, real estate, cryptocurrencies, and other assets. Inflation erodes money’s purchasing power, so the increases in asset prices were a mirage as they reflected the decline of fiat currency values. About halfway through 2021, the US government bond market began screaming that the Fed was behind the inflationary curve. As the chart highlights, the US 30-Year Treasury bond futures fell from the July 2021 167-04 high to 159-31 at the end of December 2021. In early 2022, the long bond’s decent continues with the bonds trading to a low of 150-26 last week, the lowest level since May 2019. The move below technical support at the July 2019 152-28 low could be a gateway to a test of the 2018 136-16 bottom, meaning inflation will continue to push interest rates higher. Inflation will continue to impact markets in 2022 and beyond Last week, we found out that CPI rose by 7.5% in January 2022 with the core reading up 6% as inflation continues to rise. Crude oil is trending towards $100 per barrel, and other prices continue to appreciate. Bull markets in commodities reflect inflationary pressures, but they rarely move in straight lines. Raw material markets tend to be far more volatile than stocks or bonds, but they are inflationary barometers. All signs point to a continuation of higher lows and higher highs in the commodities asset class. At the end of last week, gold was above the $1800 pivot point and threatening to break out to the upside. Gold is the ultimate inflation barometer, and the price has been making lower highs and higher lows since March 2021. Like a tightly coiled spring, the wedge pattern in the gold market suggests that a substantial move is on the horizon. Since the turn of this century, every price correction in the gold market has been a buying opportunity. The odds continue to favor the upside when gold abandons the $1800 pivot price. Inflation is a challenging beast as it creates a vicious cycle that pushes prices higher and fiat currencies lower. In early 2022, the supply chain, labor shortages, and rising input costs continue to pour fuel on the inflationary fire. The shift in US energy policy handed crude oil’s pricing power back to the international oil cartel and Russia. Higher oil prices increase input and transportation costs. Addressing climate change by supporting alternative and renewable energy sources is a multi-decade program. The current US administration is not prepared to increase oil and gas production to lower traditional energy prices. Energy is a root cause of inflation, and the current course of monetary policy tightening is not likely to reduce inflation if oil prices continue to rise in 2022. With core CPI at the 6% level, the Fed would need to increase the Fed Funds rate by twenty-five basis points twenty-three times to push real short-term interest rates into positive territory. The latest FOMC forecasts of a 0.90% Fed Funds rate in 2022 and 1.60% in 2023 means real rates will remain negative, fueling inflation over the coming months and years. Meanwhile, the Fed is in an unenviable position as higher rates will cause the cost of funding the $30 trillion debt to soar. Each twenty-five basis point increase costs $75 billion in debt servicing costs each year. At a 5.5% Fed Funds Rate the price tag is a staggering $1.65 trillion per year. The bottom line is that the US central bank and government are unwilling to swallow the bitter pill necessary to address inflation, which will continue to rise. Just as in all markets, the trend is higher, and it is always your best friend, even when it is devastating for the economy. Geopolitical concerns are rising- China and Russia become allies at the Winter Olympics The US faces more problems on the economic landscape. We may remember the 2022 Beijing Olympics as a watershed event, not for athletics, but a meeting between the Chinese and Russian leaders. President Xi pledged support to President Putin over Ukraine. With over 100,000 Russian troops at Ukraine’s border, it may only be a matter of time before an incursion. The US and Western Europe consider Ukraine part of a free Eastern Europe, and Russia believes the country is eastern Russia. A Chinese and Russian alliance complicates NATOs defense of Ukraine’s sovereignty. Meanwhile, China is committed to reunification with Democratic Taiwan. Presidents Xi and Putin also agreed that the US should not interfere with Chinese plans to bring Taiwan under its umbrella. An alliance between China and Russia over Ukraine and Taiwan has far-reaching geopolitical consequences as it could render sanctions impotent. Russia agreed to supply oil and gas to China via its pipeline system, which fills Russia’s pockets with funds and fuels China’s economy and growth. US allies in Europe and worldwide depend on Russia and China for commodity flows and commerce. The western alliance that supports sovereignty for Ukraine and Taiwan weakens as Chinese and Russian ties strengthen. Iran and North Korea pose threats- Significant moves could come from geopolitical events over the coming months The rise of China and Russia comes at the expense of the United States, the current leader of the free world. Moreover, it encourages US enemies worldwide. Iran continues to enrich uranium as the Biden administration attempts to negotiate a nuclear non-proliferation agreement. The US has an ulterior motive as higher oil prices make increased Iranian production attractive in the current environment. Higher oil prices strengthen Iran’s negotiating position in dealing with the US and Europe. Over the past weeks, North Korea has been test-firing rockets, moving forward with its nuclear weapons program. The hermit nation is now a nuclear power with weapons of mass destruction that could reach the US. Chinese and Russian cooperation only enhances North Korea’s position as an emerging nuclear power. The bottom line is that markets reflect the economic and geopolitical landscape. Uncertainty in early 2022 is at the highest level since the Cold War. As Russia increases its global sphere of influence, it is now the most powerful OPEC+ nonmember, making production decisions alongside Saudi Arabia. Moreover, Russian allies in Cuba and Venezuela are close to US territory, posing a substantial threat to the US mainland if a war in Europe is on the horizon. Aside from conventional military hostilities, technology has created new weapons that could draw the entire world into conflicts. COVID-19 dominated markets in 2020, and rising inflation was at the center of the stage in 2021. In 2022, the geopolitical landscape has become a minefield of potential problems likely to impact markets across all asset classes. -- Trading advice given in this communication, if any, is based on information taken from trades and statistical services and other sources that we believe are reliable. The author does not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects the author’s good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice the author provides will result in profitable trades. There is risk of loss in all futures and options trading. Any investment involves substantial risks, including, but not limited to, pricing volatility, inadequate liquidity, and the potential complete loss of principal. This article does not in any way constitute an offer or solicitation of an offer to buy or sell any investment, security, or commodity discussed herein, or any security in any jurisdiction in which such an offer would be unlawful under the securities laws of such jurisdiction.
CBOT:ZB1!
by Andy_Hecht
$PFE - Downtrend Reversal - 4 Day Inside Bar - Upcoming CatalystNYSE:PFE A hammer signaled reversal for $PFE. Shortly after price broke out of the downtrend resistance. Four inside bars have formed during period of consolidation. $PFE looks primed for sharp movement. Catalyst would likely be FDA / CDC approval/rejection of its Covid vaccination for children, expected in 4th week of Feb. Application is for 2 doses, though 3 would be required. Application and study for 3rd shot are expected to be submitted during the initial application review phase. This is one ticker to be aware of. Biased long, but willing to play both sides.
NYSE:PFELong
by TheGritz
Canadian dollar yawns despite solid GDPThe Canadian dollar is flat on Wednesday, trading at 1.2685 in the North American session. Canada's GDP outperformed in November, but the positive news wasn't enough to move the sleepy Canadian dollar. GDP expanded by 0.6%, above the consensus of 0.4%. The growth was broad-based across the economy and GDP has now pushed above its pre-pandemic level in February 2020. However, December is expected to be weaker, as the Omicron wave resulted in strict health restrictions which hampered economic growth. The BoC projected Q4 growth of 5.7% in October, but CIBC is forecasting growth above 6%. The strong November GDP provides support for the BoCs hawkish stance, with a strong likelihood that the BoC will raise rates at the policy meeting on March 2nd. Federal Reserve Chair Powell admitted last week that the Fed was undecided about future monetary policy. A March lift-off is a virtual certainty, but after that, the markets are in the dark about the Fed's intentions. This has led to wide-ranging projections of the number of hikes in 2022, with estimates as low as three and as high as seven. If inflation does not show a marked drop in the coming months, I would expect to see the Fed implement five or more rate hikes this year in order to wrestle inflation down towards the Fed target of 2%. The lack of guidance from the Fed has led to plenty of speculation about the Fed's plans. Chair Powell will need to improve his communication with the markets as to future monetary policy; otherwise, we can expect the financial markets to exhibit strong volatility as investors hunt for clues about potential rate moves. . USD/CAD Technical USD/CAD faces resistance at 1.2857 and 1.2948 There is support at 1.2615 and 1.2464
by OANDA
Aussie rises as RBA maintains ratesThe Aussie has rebounded nicely this week, recovering half the losses from last week, when it tumbled 2.5%. AUD/USD has edged higher and is trading just below the 0.71 level in the European session. There were no surprises from the RBA policy meeting earlier today. The central bank held the Cash Rate at a record low of 0.10% and announced that it would wind up its bond purchase program in February. The RBA had expected to retire the bond purchase scheme in May but brought the date forward due to better than expected employment and inflation data for December. The unemployment rate has fallen to 4.2%, while Core CPI is at 2.6%, in the middle of the RBA's target band of 2%-3%. These strong numbers could justify a rate hike, but the RBA has stuck to a dovish script, and Governor Lowe has tried to dampen rate hike expectations by saying that the bank will not before wage growth rises to 3%, which is not expected until 2023. In his statement, Lowe acknowledged that inflation had picked up, but said that it was too early to conclude that it was "sustainably" within the target band." The markets remain more hawkish about a rate hike and priced in a move in the second half of the year. Investors are betting that Lowe will have to hike before achieving his wage growth target due to surging inflation.  Any hints from the RBA about a rate hike would be significant, as the bank last raised rates back in 2010. The -4.2% reading came after five successive gains and was the sharpest drop since April 2020. This missed the consensus of a 3.9% gain. The Omicron variant has weighed heavily on consumer spending and this may be reflected in January and February retail sales reports as well. AUD/USD faces resistance at 0.7133. Above, we find resistance at 0.7271 There is support at 0.6913 and 0.6831
by OANDA
OMX C25 potential bullish trendThe OMX C25 shares had a very good bullish trend from the beginning of COVID-recession. Now the shares just finished a shoulder head shoulder bullish formation and is now testing at the support level. Now it is very possible that the shares are going to raise and reach the resistance level. Therefore we now could get a potential bullish trend where it can raise 16% over the next few months (give & take). So now is a good time to invest int this share if you are looking for a short-term investing but also a good time for a long-term.
OMXCOP:OMXC25Short
by Aksel_Rom
ARDS receives grant from the Bill & Melinda Gates FoundationARDS Aridis Pharmaceuticals received a grant award from the Bill & Melinda Gates Foundation to evaluate the application of Aridis' inhaled formulation technology to deliver cost-effective monoclonal antibodies (mAbs) against influenza and SARS-CoV2. Aridis Pharmaceuticals is a stock with a mk cap of only 28.249Mil. Before Aridis, Bill & Melinda Gates Foundation Covid-19 Response investments were in giant companies like: Abbott Laboratories, Gavi / Serum, Lilly mAb, SD Biosensor, UNICEF VII and World Health Organization. AstraZeneca PLC ( AZN ) has a stake in Aridis Pharmaceuticals. CEO has co-developed several drug which have been sold to Astra Zeneca, Megabits and MedImmune. Aridis Pharmaceuticals can be a potential buyout for AZN . Analyst Vernon Bernardino from H.C. Wainwright reiterated a buy rating and $19 price target on ARDS: "the cocktail binds to the S2 spike protein subunit, which mediates viral cell membrane fusion in SARS-CoV-2 variants and also binds to the omicron variant with no loss in affinity compared to the original Wuhan strain." Aridis Pharmaceuticals Inc 's monoclonal Covid-19 Antibody Cocktail is potentially First-in-Class treatment! Cantor Fitzgerald also said last week that Aridis' pipeline is "underappreciated." ARDS Pan-Coronavirus Monoclonal Antibody Cocktail Retains Effectiveness Against the Omicron variant, other COVID-19 Variants, SARS, MERS , and the Common Cold Human Coronaviruses. It provides relevant drug levels for up to 1 year from prophylactic or therapeutic treatment. With this investment, i think ARDS is at least an 100Mil mk cap stock. So 4X from here.
ALong
by TopgOptions
5
Bitcoin is frustrated, so are the traders... 😑 ⚠️ 😑Hi everyone 👋🏽 🕊 Wish y'all have a profitable lifestyle 🍀 📌 BTCUSDT- Daily Time Frame - Heiken Ashi 📌 Supply Demand - Wave Analysis - Support Resistance 📍BTCUSDT chart is looking so complicated nowadays... with having so many NEWS and such different ideas about the price's future 📍Let's go straight to the point, from Elliott wave point of view we may see a retest and pullback to 2 zones to complete the bullish correction of the previous bearish momentum: 1- 53600 2- 56800 📍After the pullback we may see the 41900$ which is the 0.5% Fibonacci and even 39600$ which is the 0.681% Fibonacci (I do not think we will see the second level) to complete the 5th elliott wave. ✍🏼 I personally think BTC and Crypto did not reverse in a bearish cycle yet so we still have some time left especially before the end of 2021. ✍🏼 I guess we might see another ATH before December but if this time price fails to break the 65k-69k zones we might need a very long time to see another ATH ever again! ⚠️ HOWEVER I want to mention that price growth is REALLY slowing down and becomes so frustrating at the moment; I can remember 30k zones back early this year; if we compare these 2 zone together we can clearly feel the frustration and how much lack of hype can influence the charts ⚠️ The latest correction / dump happened vastly due to the new OMICORN so called ''virus'' or ''pandemic'' but why did not we see a very huge dump as we have seen like the 13th March ? But WHY? ✍🏼 I have 3 answers for that: 1- People know how to deal with a new pandemic or so called "VIRUS"! 2- The fear about the new variant of so called "VIRUS" did not last long 3- WHALES did not feel like to dump the charts more than that :)) 🤔 One thing that does annoys me is how unrealistic some predictions / TAs look in TradingView ideas? 🤔 How can someone have a 300k price target before end of the year, but suddenly after the 30% correction their target changes to 10k? ⚠️ It is very dangerous for other traders to follow others ideas especially with lack of evidence and or knowledge ⚠️ For having a 300k Bitcoin we need more than 5 trillion dollar TOTAL market cap and if you look wisely at the TOTAL chart you may find it a little bit unrealistic ! This is TOTAL chart along with RSI and its Hidden Divergence ! ⚠️ Your money is valuable and so is your time. Do not rely on other opinions when trading and or investing!!! <3 THIS IS NOT A FINANCIAL ADVICE PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ANY SELL OR BUY POSITION GOOD LUCK NP TRADER
Short
by C_EWAVE13
4