$BTC - Cuts might not mean moon, yetDec 2000, FFR -> 6.5%, they cut, Recession Declared in March/April 2001
July 2007, FFR -> 5.25%, they cut, Recession Declared in December 2007
July 2019, FFR -> 2.4%, they cut, Recession Declared in ~Feb 2020
Increased liquidity is often seen as a catalyst to CRYPTOCAP:BTC price action, but when you take a look historically, performance of the S&P following rate cut announcements has been lackluster in the immediate months following such cuts. This chart shows 2019, which obviously had the COVID wrench thrown into it, but will the September 2024 cuts follow the same pattern? If so, how decoupled will BTC's performance be from the S&P, if the S&P is falling in mid 2025?
I have mixed feelings about the cuts impact. For a while I have felt like a 50bps cut this month would tank assets across the board since 50 (instead of 25) means the market is weaker than we've been led to believe. With or without 50bps leading to a flash crash in the near term, I suspect that in the next 2 quarters we should trend up across markets as a result of the increased liquidity.
The real question will be about when the recession will be declared, and how brutal it will be ? WDYT?
Economic Cycles
Long trade
Trade setup for BTC/USD during the London AM session on Monday,
September 16, 2024, at 6:00 am:
Pair: BTC/USD
Session: London AM
Time: 6:00 am
Entry Price: 58,688.77
Profit Level: 59,465.60 (representing a 1.22% gain)
Stop Loss Level: 58,622.90 (representing a 0.18% risk)
Risk-Reward Ratio (RR): 10.84
NVIDIA (NVDA): Our Next Move After Predicting the TopJust 14 days ago, we analyzed NVIDIA and concluded that we might see a small push upward followed by a pullback. We were correct, although the last small push didn't materialize. Still, we're pretty happy that we called the top on NVDA accurately, and perhaps some of you were able to capitalize on it. If so, that makes us even happier 😄
Since our last analysis, NVIDIA has fallen by 21%, bringing us into the area where we should be looking for long positions. We're about to do just that, even though it's risky. We're planning to enter a long position on NVIDIA, with our stop loss set below the end of Wave (4) for invalidation. We don't have a specific target set for NVDA, and we'll be monitoring it closely. Given the risk involved, we won't be over-leveraging here.
Let's see if we can get it right again!
BTC 1h upward rally updateMEXC:BTCUSDT
Here's what SMC tell us:
after a slight dipping to the DP.i (58550) point of interest (POI)
then we ready to see a confirmation signal to buy the dip.
that confirmation would be
1. SCOB: Single Candle OrderBlock
2. Lower Time Frame (5mins) ChoCh: (ChoCh: Change of Character)
Without a confirmation entry, we are not allowed to execute buy position,
and then we have to be patient for price to get to a lower important level,
such as Minor High Liquidity Low (57220) or Minor Extreme POI (56025).
I will update Bitcoin regularly..
Take Care
DOGE wait for breakThe Doge/USDT pair on the 1-hour chart has broken out from a symmetrical triangle, indicating a potential bullish trend 📈.
Analysis:
- Entry: Between 0.10558 and 0.10663 could be a good buy zone 🎯.
- Take Profit (TP): Target is set at 0.11238 to 0.11242, a key resistance level. Watch for potential reaction at this level 🏁.
- Stop Loss (SL): Placed around 0.10267. If this level breaks, it's best to exit to avoid further losses 🛑.
Key Points:
- Risk to Reward: The risk/reward ratio is favorable, offering a solid profit potential 💼.
- Continued Move: If the price breaks above 0.10798 and holds, the probability of reaching the target increases 📊.
Signal:
- Buy (Long) between 0.10558 with a target of 0.11238 and a stop loss at 0.10267 🚀.
GOLD CREATES ALL-TIME-HIGH, MORE HIGHS EXPECTED!Last trading week saw gold formed all-time-high on high buying pressure. With a slight pullback in days, the metal may re-test the newly created support at 2530 and further creates more highs.
N.B!
- XAUUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#gold
#xauusd
EURUSD ACCUMULATIONS LIKELY TO RISE ABOVE 1.11500Fibre is showing strength; a pullback below 1.10500 likely to cause the pair to rise above 1.11500.
N.B!
- EURUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#eurusd
#fibre
DERO is extremely undervalued.DERO a homomorphic encrypted blockchain with secure and private smart contracts is truly one of it's kind.
With a fast 18 second block time, being a layer 1 private decentralized application platform with instant syncing and fast transactions DERO is extremely undervalued.
The blockchain is relatively new and is in it's alpha stage which means there will be lots of future development coming.
Recently TELA is launched, TELA enables the secure and decentralized storage of application files on DERO's blockchain using smart contracts.
This makes the DERO protocol capable of hosting true WEB3.0 decentralized webApps.
Welcome to the future!
Short trade Sellside BTC/USDT trade on Saturday, September 14, 2024,
at 6:30 AM (LND Session AM),
Trade Setup:
Entry Price: 59,866.7 USDT
Profit Level: 59,687.4 USDT (0.30%)
Stop Level: 59,884.0 USDT (0.03%)
Risk-Reward Ratio (RR): 10.36
Analysis: Sat 14th Sept AM
Observed contraction of the band followed by an expansion to the downside
Long trade
BTC/USDT trade on Friday, September 13, 2024,
Trade Setup:
Entry Price: 60,308.3 USDT
Profit Level: 60,964.4 USDT (+1.09%)
Stop Level: 60,293.3 USDT (-0.02%)
Risk-Reward Ratio (RR): 43.74
Key Level:
The entry at 60,308.3 USDT is close to the psychologically important 60,000 USDT level, often a strong support/resistance zone in Bitcoin trading. If BTC holds above this level, it reinforces the bullish sentiment.
Long trade
Buyside trade on BTC/USDT during the NY session at 4:00 PM
Friday, September 13, 2024,
Confluence (directional bias)
50-period and 200-period moving averages (MAs) suggest an uptrend.
Trade Setup:
Entry Price: 59,776.7 USDT
Profit Level: 60,516.0 USDT (+1.24%)
Stop Level: 59,552.3 USDT (-0.38%)
Risk-Reward Ratio (RR): 3.29
Target Fib level 1.272
Bitcoin FULL Analysis PART 2In a previous analysis, I discussed the relationship between Bitcoin, the Altcoin market and Bitcoin Dominance.
An important rotation exists between these three; and by using TOTAL3 together with BTC.D, you can get a clearer picture of where BTC is trading in the current cycle.
In this video, I make an important suggestion based off Elliot Wave Theory. This theory is backed up by the points mentioned but also by the Logarithmic view:
From the log scale, we can see BTC is still trading relatively low compared to previous cycle top-outs. So the question remains - the end... or just the beginning?
________________________________________
COINBASE:BTCUSD BINANCE:BTCUSDT CRYPTOCAP:TOTAL3 CRYPTOCAP:BTC.D
Long trade
Buyside trade on GBP/USD during the NY session
at 2:00 PM on Friday, September 13, 2024,
Fri 13th Sept 24
Pair GBPUSD
NY Session PM
2.00 pm
Entry 1.31074
Profit level 1.31931 (0.65%)
Stop level 1.30856 (0.17%)
RR 3.92
Key drivers will likely be the relative strength of the UK economy versus the US, alongside BoE and Fed monetary policies.
Yield Curve Reversion Trade 2024The yield curve reversion is when the US10Y Treasury Yield becomes greater than the US2Y Treasury Yield and has a track record for signalling recession. I've been tracking the reversion for the past two years for any hint of sense of whether the US FED would cut FEDFUNDS rates or if bond traders would drive yields/prices towards reversion. This time, the fed's narrative is driving the reaction here.
To express this idea I've put on long CBOT_MINI:10Y1! and short CBOT_MINI:2YY1! via the futures market. I'll keep rolling the futures contracts until the yield curve starts to form a top, likely a spread value between 1.5-3.0.