Digital Euro: Separating Fact from Conspiracy TheoriesIn today’s fast-paced digital landscape, misinformation can spread rapidly and mislead even those well-intentioned readers. With the Digital Euro project circulating online, numerous pieces of fake news have surfaced—not just criticism or differing opinions, but outright falsehoods that may convince citizens, especially those less familiar with financial innovations, that the project is something it is not. In this article, we delve into the most common misconceptions and explain with clarity and factual context why these claims do not correspond with reality.
1. Myth: "The Digital Euro Will Replace Cash"
❌ False. Despite alarming headlines, cash will not vanish. The Digital Euro is poised to become an additional payment option alongside physical money. The Eurosystem is committed to ensuring that banknotes and coins remain accessible. In fact, plans are already underway to introduce new series of euro banknotes, reaffirming the continued value of cash in our daily transactions.
2. Myth: "The ECB Will Be Able to Control and Block Your Payments"
❌ False. Privacy is a cornerstone of the Digital Euro. Similar to the way cash transactions operate, offline payments would be possible without any tracking by the Eurosystem. This means that your personal transactions remain private and free from arbitrary interference. The design of the digital euro ensures that your financial autonomy is preserved.
3. Myth: "There Will Be Arbitrary Limits on How Much Digital Euro Can Be Held"
❌ False. Any limits imposed on holding digital euros would not be arbitrary measures of control but rather tools to safeguard financial stability. Such thresholds are considered from the perspective of systemic security—not the curtailment of individual freedom. The focus is on ensuring that the financial ecosystem remains resilient rather than monitoring or constraining individual spending.
4. Myth: "The Digital Euro Is a Way to Introduce Negative Interest Rates on Deposits"
❌ False. The digital euro is designed to mirror cash in its fundamental properties—namely, being interest-free. It is not a mechanism for financial authorities to impose negative interest rates on personal funds. The purpose is to complement traditional cash by offering a modern payment solution without altering the neutrality of money.
5. Myth: "It Will Be Mandatory to Use the Digital Euro"
❌ False. Use of the digital euro is entirely optional, serving as one out of many available payment instruments. Just as consumers choose between cash, credit cards, or other digital means, the digital euro is simply an additional tool. No regulation compels you to adopt this innovation if you prefer your existing methods.
6. Myth: "Banks Will Lose All Their Role"
❌ False. The introduction of the digital euro will not render banks obsolete. Banks will continue to provide essential financial services, acting as intermediaries and offering the digital euro alongside other products. The evolution of the payment system enhances consumer choice without dismantling the traditional banking framework.
7. Myth: "The Digital Euro Will Be Programmable, So They Will Tell You How to Spend Your Money"
❌ False. The concept of programmability—that is, dictating how funds are spent—has been explicitly ruled out by the ECB. Both proposals from the European Commission and the legislative frameworks confirm that the digital euro will not be programmable. The goal is to maintain financial freedom and user discretion, similar to how cash operates.
8. Myth: "It's a Project to Eliminate Cryptocurrencies"
❌ False. Rather than extinguishing cryptoassets, the Digital Euro is designed to coexist alongside them. While cryptocurrencies are often speculative and volatile, the digital euro aims to offer a more stable and secure means of payment. The two are intended to serve different purposes: cryptoassets are generally considered investment or speculative instruments, whereas the Digital Euro would fulfill everyday transactional needs.
9. Myth: "There Will Be No More Privacy in Payments"
❌ False. Privacy in the digital age remains a top priority. Offline transactions with the Digital Euro will mirror the privacy features of cash, shielding your personal data. For online transactions, robust privacy regimes are in place. Importantly, the issuer—the Eurosystem—will not have the ability to directly connect transactions to specific individuals, ensuring that your financial privacy is maintained.
Conclusion
The Digital Euro is not the harbinger of a new era of financial surveillance or control. Instead, it represents an additional, modern means of payment designed to coexist with traditional cash and current banking services . By dispelling these myths, we hope to foster a clearer understanding of the Digital Euro project and promote informed discussions based on official facts.
Embracing accurate information is crucial to navigating the ever-changing world of digital finance, ensuring that choices are made based on facts rather than fictions.
FX_IDC:EURUSD TVC:DXY TVC:EXY INDEX:BTCUSD CRYPTO:BTCUSD TVC:SPX EUREX:FESX1! EURONEXT:N100 AMEX:FXE TVC:GOLD FX_IDC:XAUUSD
Cryptocurencies
BTC did you earn money today?Hello,
today again I opened a quick position with high leverage with my indicator. Success for me, but I didn't have time to sit at the chart.
How are you doing today Have you tried my indicator BBO-Alpha PHANTOM v1 ?
If not, I'd be happy to try it and comment.
Have a nice day
Bitcoin Elliott Wave Fun 1hIf you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Seeing a couple patterns here, waiting for one to play out to make a move...Planning ahead.
Cheers!
VET ContinuationVET/USD
Bullish Case
- Seem to have found Support at approx. the $0.118 area which is previous resistance, now turned support. and range for a while.
- Bouncing between $0.118-0.157, once we break $0.157, we should be heading towards $0.2211
- Bounce from Daily 200MA
- MACD/Signal and Histogram Reversing
- MACD Bullish Divergence between 28 Sep to 23rd Nov
- RSI low
- VPVR shows a lot of support in the $0.113 area.
- 1-1 Micro Fib extension shows Resistance at $0.22 Macro 0.618 Fib extension.
Bearish Case
- Strong Support at $0.092 level shown by the Volume Profile
- Still further touching the bottom of the Bollinger Band, can also go lower stretching the band.
#BTCUSDT 2H Chart update
Perfect analysis once again. Price tested perfectly the 4h demand zone and bounced from there to a new ATH. MACD lines are preparing to cross and become bullish, RSI is bought and EMA ribbon is working as support with nice bullish volume as well. Price left a freshly printed 2h demand zone at around 67.15k which price will most probably be testing before moving up again to a new ATH. If broken, we would be looking forward for price's reaction on the second demand at around 62.2k.
ETHEREUM (ETHUSDT) DAILY LONG&SHORY TRADE SETUPS 2020/12/30MARKET OVERVIEW
Price Action: After reaching a high of $748, price retraced to the 200MAs @~$700 (where we took a long), and is now back up consolidating near the highs, giving us a bull bias.
Chart Patterns: We have an ascending triangle pattern, which typically breaks to the upside, giving us a bull bias.
Areas of Interest: The area(s) of interest for us is the highs of $748. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time.
TRADES(S) RECAP
Yesterday we had a winning trade! We entered a long @ $703, with Stop Loss @ $690, and price reached a high of $747.50, giving a risk reward ratio of over 3:1, meaning if you risked 1BTC on this trade, you could've made more than 3BTC.
TRADE SETUPS
Below are two potential trade setups. Given the bullish bias, the most likely scenario is "Long Trade Setup #1: Breakout and Continuation", but regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal.
Long Trade Setup #1: Breakout and Continuation
To open a long position, we are waiting for price to break resistance, move back down to test previous resistance as support and then bounce back up.
Trade Entry Confirmation:
1. Price Action: Price breaks above the high of $748 with force, creating space between the price and the $748 level, falls back down to $748 and bounce back up.
2. Candlestick Pattern: A bullish candlestick pattern such as a bullish engulfing candle, a pinbar , or a multiple candlestick breakdown (a large red candle followed by multiple green candles that eventually close above the open/high of the large red candle)
2.1 Ideally Engulfing / Break candle has a large candle body with small wicks
2.2 Ideally Engulfing /Break candle closes near the highs of the candle
3. Volume: Above average volume on the bullish engulfing candle, pinbar , or on any of the multiple green candles that eventually break the red candle (ideally on the candle that breaks)
4. MACD: MACD histogram bottoming out, as indicated by the histogram becoming less negative (changing from red to pink)
Short Trade Setup #1: False Breakout
To open a short position, we are waiting for price to break above the horizontal resistance @ $748 and then fall back down.
Trade Entry Confirmation:
1. Price Action: Price breaks above the high of $748 and then rapidly falls below $748, forming a bull trap
2. Candlestick Pattern: A breakout candlestick (candle close above $748) followed by a breakdown candlestick (candle close below $748)
2.1 Ideally breakout and breakdown candlesticks are consecutive candles, but can also have a few candles in between the two candlesticks
2.2 Ideally the breakdown candle has a large candle body with very small wicks
3. Volume: Above average volume ( volume above the average volume line) on both breakout candle and breakdown candle, ideally the breakdown candle's volume is a local high
4. MACD: MACD histogram topping out, as indicated by the histogram becoming less positive (color changing from dark green to light green)
ENTRY CONFIRMATIONS
Ideally we get all confirmations for an entry, but sometimes we might take a trade when we have fewer confirmations. The more confirmations, the higher the win probability, though it also means you miss out on some profitable trades if you're only taking trades when we have all confirmations. It's up to your own risk appetite to decide when you feel comfortable entering a trade. You can also adjust position size based on level of conviction, entering a bigger position when there are more confirmations. Make sure you practice proper risk management and money management.
TRADE MANAGEMENT
I have put in preliminary Stop Loss and Take Profit on the chart, but these will depend on how the entry setup forms, so I will update when we have a valid entry signal.
Stop Loss: We typically put a SL around the high / low of the entry area, though we might adjust based on market conditions such as high ATR ( average true range ) or long wicks.
Take Profit: We typically aim for at least a 2:1 RRR (risk reward ratio), but you can decide to take profits earlier, adjust stop loss as we get into profit, take partial profit, leave a small portion for larger gains, etc. How you want to manage depends on your own risk appetite and what you are comfortable with.
MAKE SURE YOU FOLLOW ME SO THAT YOU DONT MISS TRADE SIGNALS, GET THE LATEST SL AND TP LEVELS, AND FOLLOW THE TRADE PLAY OUT IN REAL TIME!
DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR.
Sorry for the late post today, had to go to the hospital. Thanks for your support. Feel free to ask any questions, and please let me know how I can improve these daily posts / what you would like me to include in these daily posts, thanks.
UPDATES: Going forward, I will be adding chart patterns and previous trades onto the the chart. Let me know if there are other things you guys want me to lay out on the charts.
Cracking symmetry on 5 minute chart
Trading View would not allow me to make this chart public on 5 minute chart therefore I've shown it on 15 minute chart. Follow instructions below to reconstruct it on 5 minute chart.
See the symmetry in this random signal generator (created on 5 min chart) NOT ADVICE DYOR.
Needs all Signal & MACD from 0< to >0 to (sources: high; close; low) & vice versa to span bullish (dark green)or all bearish (dark red) in Histogram, NOT ADVICE. DYOR.
Close above range, $7933.4, favours bulls.Three green candles with corresponding rising histogram below zero. Have boxed volatility to first green bar in histogram. Close above range, $7933.4, favours bulls, and as critical support going forward. Caveat - only small sample tested. How does that translate to weekly & monthly chart? NOT ADVICE DYOR
Is Bitcoin going to break this Bull Flag / Descending Triangle??It appears as though Bitcoin Is getting ready to go parabolic over the weekend & touch the top of this Descending Triangle, or potentially try to break this Bull Flag & put in a higher low.
Only problem I have, the volume etc are declining, so I'm not overly bullish.
It's hard to look for bullish patterns in a short term bear trend that potentially started roughly late June this year, egh.
Time will tell per usual.
Komodo (KMD) Inverse H&S 1D, buying on pullback! Upto 70% gainBINANCE:KMDBTC
BITTREX:KMDBTC
KMD finally seems to have found a bottom and formed a beautiful Inverse H&S.
RSI and MACD confirm the expectation of upwards move, both holding on the positive side and with a strong uptrend formed.
At the break of the Inverse H&S there was a large candle accompanied by a large volume confirming the strength of the movement.
20MA crossed up over 200MA and now both are pointed up.
Ichimoku is in a green cloud, Chikou is above the current price and Tenkan crossed up from Kijun.
I am making the first buy right now in the pullback and for protection of the position I will leave another buy order below.
In the next comment I will send the complete instructions for this call.
If you can please help me by hitting LIKE, GOD BLESS!
TRX SHORT analysisTRX this time is situated into an ascending channel the breakout can be up or down also but
STOCH at 1D is overbought so likely will going down + until 16 oct we are in the CBOE contracts(BTC) which is also bearish
RSI 65+
You can entry short here at 404-407 .TP 366-380 for a little scalping
Best entrypoint for a short is at 447-450 sats with 464 SL. Target point 310-325 sats
$NPXS, SALE SALE SALE....
4Hour
Looking at our trigger timeframe we see price looking to break out of its downtrend since being added to binance. Stochastic RSI showing momentum is heading towards the upside, but may have peaked. A 4hour close above 40 satohsis and we should expect NPXS to run.
$POWR, The Last Dip….
Weekly
Looking at our trend timeframe we see price making a retracement towards our 4000 support zone. Momentum still in favor of bulls after our radical run from 3000 to 6000. Expecting a higher low at this level followed by a wick fill towards 6000. Waiting for price to get as close as 4000 before taking any buys.
$ZEC, Historical Lows + Coinbase News = Great Risk::Reward
Weekly
Looking at our trend timeframe we see price is currently looking to form a double inside our 0.25 support zone. Stochastic RSI showing momentum still has some room towards the downside, price is pretty close to ZEC/BTC historical lows. On July 13 Coinbase announced ZEC was a candidate to be added to their exchange in the near future. FOMO is in in the air…
Daily
Shifting over to our pattern timeframe we see price broke out of its bearish parallel channel with the coinable news. Stochastic RSI showning momentum has temporarily peaked and we should be seeing a small correction and ZEC retrace towards 0.26 bouncing off our channel.
4Hour
Finally looking over at our trigger timeframe we see price has recently formed a double top at 0.28 and we should expect price to fall back towards our breakout zone for a retest of support. Stochastic RSI showing momentum in favor of bears. A 4hour close above 0.28 activates our trade, otherwise wait for a drop towards 0.26
$BTC, We're Almost There...
Monthly
Looking at our trend timeframe we no signs of our downtrend slowing down, stochastic rsi also showing momentum radically heading towards the downside. Last month we saw price come as low as $5,750, only to retrace and close above our support. Almost midway through July and price is now looking to retest our June low. Expecting BTC to wick fill last month’s candle and continue selling off towards $3,000, but first making a pit stop at $5,000.
Weekly
Shifting over to our pattern timeframe we see price respecting our bearish parallel channel, and now looking to forma lower low. Expecting price to break below our $6,000 zone, and form a lower low near the $5,000 support zone. Ideal entry is as close as possible to $3,000, will start to scale in once $5,000 is broke, a break through our channel towards the upside also activates our trade.