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Best Editors' Picks of 2023We present our awards for the best Editors' Picks of 2023! This marks our second year of recognizing outstanding open-source Community scripts. From the 84 picks in 2023, our PineCoders have cast their votes, highlighting three exceptional indicator scripts and one outstanding library. Each author of these noteworthy entries will receive 100,000 TradingView coins. The awardees: •  Intrabar Analyzer by KioseffTrading •  Machine Learning: Lorentzian Classification by jdehorty • Harmonic Patterns Based Trend Follower by Trendoscope • SimilarityMeasures by RicardoSantos Congratulations to the winners, and a heartfelt thank you to all Pine Script™ coders who contribute their open-source publications to our Community scripts . We eagerly anticipate another year of remarkable scripts in 2024! What are Editors' Picks ? The Editors' Picks showcase the best open-source script publications selected by our PineCoders team. Many of these scripts are original and only available on TradingView. These picks are not recommendations to buy or sell anything, nor to use a specific indicator. Our aim is to highlight the most interesting recent publications to encourage learning and sharing in our community. Any open-source Community scripts can be picked if they're original, provide good potential value to traders, include helpful descriptions, and comply with the House Rules.
AMEX:SPY
by PineCoders
12
BITCOIN forming the first 4H Golden Cross in 5 months!Bitcoin (BTCUSD) is about to form a Golden Cross on the 4H time-frame, which will be the first such formation in almost 5 months (since September 18 2023)! Regardless of the time that has passed since its last occurrence (which is a strong parameter), that pattern alone is a strong enough bullish signal for the short-term. This can be the signal that can trigger a strong rally back to January's High but within the technical context of the dominant medium-term pattern that is none other than an Inverse Head and Shoulders (IH&S). That is a technical bullish reversal pattern that is formed on market bottoms. It could be no coincidence that the last 4H Golden Cross (chart on the right) was formed while BTC was completing an Inverse Head and Shoulders. The standard target of such patterns is the 2.0 Fibonacci extension level. As you see on October 20 2023 that was exactly where the price consolidated and it happened to be a Resistance level from a former High. The 2.0 Fib on the current IH&S happens to be only marginally above the 49000 Resistance and that is our Target for the short-term. Do you agree that the emergence of a 4H Golden Cross and the Inverse Head and Shoulders can take the price back to January's High? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, 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 us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
44
TradingView Community Awards 2023Our 2023 Community Awards have arrived! It's time to shine light on the standout traders, the ones who have not only shared consistent ideas on our network, but have also expanded their influence and captivated our trading community with countless boosts, follows, and comments. Below, you'll find the profiles of our winners. This includes the top achievers who not only made it to our Editors' Picks but also bagged a free Premium plan! And let's not forget our second and third-place stars, who are also getting their well-deserved spotlight. Make sure to check out and follow these remarkable authors! 🌟🏆📈👇 🏆 Most popular ideas: These are the ideas that created the most engagement from our community in 2023. Check out how they stood the test of time. 🔥📈💡 🥇 Gold - Bitcoin Price prediction 🥈 Silver - NVDA: Short of the Century (Update) 🥉 Bronze - Will the price of gold continue to rise? 🏆 Most Valuable Pine Scripts Dive into the most valuable Pine Scripts of 2023 on TradingView. They're game-changers, loaded with innovative features to enhance your trading. Check them out and level up your strategies! 🌲📊🚀 🥇 Gold 🥈 Silver 🥉 Bronze Bonus: Best Pine library 🏆 🏆 Best Educational Ideas Packed with wisdom and top-notch strategies, these ideas are gold mines for anyone keen to learn. Dive in and boost your trading know-how!📖💡 🥇 Gold - Trading like a Pro with Heiken Ashi 🥈 Silver - Fitting patterns to your bias? 🥉 Bronze - Investing in Crypto 🏆 The Top Chatters Our most active chatters of 2023 on TradingView! Think of them as the Chatty Cathys and Talkative Toms of the TradingView social network.🎙️😄 🥇 Gold : www.tradingview.com 🥈 Silver : www.tradingview.com 🥉 Bronze : www.tradingview.com 🏆 Top Live Streamers These are the superstars turning screens into stages, dishing out live trading drama and wisdom. Tune in to their channels for a front-row seat to the action! 🎥🎤 🥇 Gold : www.tradingview.com 🥈 Silver : www.tradingview.com 🥉 Bronze : www.tradingview.com 🏆 Top Commenters Spotlight on 2023's Top Comments on ideas at TradingView! These gems are more than just words; they're mini-masterpieces of wit and wisdom. 💬📊🤓 🥇 Gold : www.tradingview.com - Nayanstock 🥈 Silver : www.tradingview.com - Kabuci 🥉 Bronze : www.tradingview.com - Juggy… 🏆 Top Editors’ Picks Take a look at 2023's stars on TradingView, consistently featured in Editors' Picks! They're the maestros of the market, delivering quality insights and analyses time and again. Follow their work for a steady stream of top-notch trading wisdom. 🔮📈🧙‍♂️ 🥇 Gold : www.tradingview.com 🥈 Silver : www.tradingview.com 🥉 Bronze : www.tradingview.com And there you have it! Our 2023 community award winners. Now, let’s all have a fantastic 2024 together. Godspeed! Team TradingView 📈🌲
BITSTAMP:BTCUSD
by TradingView
31
BTC Market Cycle | Repetitive and Predictable Market CycleThe Bitcoin market cycle can be easily predicted by studying historical data. Whenever you seek an idea of where the market is heading, you can always look at the past to gauge the future. However, this doesn't guarantee that the predictions stated here will unfold exactly as described; it's a PREDICTION, not a fact. Let's examine the chart displayed here. The market cycle repeats itself every four years, with our chart divided into four cycles, the fourth being the current cycle we are in. Every four years, Bitcoin undergoes a major event known as Halving, where the number of blocks containing Bitcoins is halved every four years. We started with 50 Bitcoins released in a block every 10 minutes; in 2012, that amount was reduced to 25 BTC. In the following cycle, it was halved again, and this will continue to happen every four years until all Bitcoins are mined. Currently, we are heading towards the fourth halving event, which will see the number of blocks released reduced to 3.125 BTC. Due to this event, the price of Bitcoin appreciates in value every four years. This is driven by supply and demand, as fewer Bitcoins are mined than in the previous four years (reduced supply), creating scarcity and increasing demand. The mining difficulty also increases, causing miners to be reluctant to sell the Bitcoins they've mined, contributing to the price increase. On our chart, we have three completed cycles that look almost identical. The cycles consist of a bull market where the price experiences a significant increase, followed by a bear market where the price drops in the range of 80–85%. This is followed by the first expansion, where we see a slight price increase, followed by the first accumulation phase. Prices move up and down within a specified range during this phase, also known as the consolidation phase. We then move on to the second expansion and the second accumulation, usually forming just before or within the halving period. This not only shows us that the market cycles are similar but also allows us to predict future events. At the time of writing this, we are three months away from the fourth halving, and it appears we have entered the second accumulation phase, as seen in the past three cycles. Prices should trade in a specified range for a few months after the halving. When you examine the halving events on the chart, you can observe that we usually enter the bull run somewhere between 6 to 8 months after the halving. Based on that, we can predict that the next bull run will start between October and December 2024, lasting until the fourth quarter of 2025. In the past, the cycles have been accurate, and we can expect the same unless a global catastrophic event occurs, as seen in March 2020 during the COVID-19 pandemic. In that phase, there was no second expansion as all markets crashed. It is my opinion that this led to the bull run not reaching its full potential. Had we experienced the second expansion, the price would have moved slightly higher before the second accumulation phase, leading to an extended bull run pushing the price near or above $100k. My price prediction at the end of the cycle, assuming world events stay normal, is to see Bitcoin in the range of $120–150K. What do you think the price of Bitcoin at the end of 2025 will be? Like, share, and feel free to leave a comment. Let me know if you agree or disagree with this analysis.
BNC:BLXLong
by TeeBusa
68
Community challenge: Share Your Best Trading Idea!Hey there, fellow investors and trading enthusiasts! We're starting the year with an exciting opportunity to reward the wisdom and experience that each of you brings to the table. With markets reaching new highs, and the economy continuing its unpredictable nature, it's a perfect time to talk about the markets. After all, it's this volatility that makes the markets interesting, right? Whether you're a seasoned veteran or a newbie eager to learn, your perspectives are incredibly valuable, and now you can even win an exclusive reward for sharing them! What's your prediction for a breakthrough trade this year? Comment below and share your thoughts. Three lucky participants with the most insightful comments will win the super-exclusive TradingView mug 🎁 Remember, if a comment resonates with you or sparks an idea, feel free to like or reply to it! We can't wait to read your comments! 🔥
NASDAQ:QQQ
by TradingView
118
GBPCHF H4 | Bearish continuationGBPCHF could fall towards an overlap support and continue the downtrend, reversing to our take profit level. Sell entry is at 1.09333 which is an overlap support level. Stop loss is at 1.09998 which is an overlap resistance level. Take profit is at 1.08063 which is a swing-low support that aligns with the 61.8% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
19
Tesla Triangle Bottoming Out NASDAQ:TSLA currently has two major confluences that I've been watching develop over the last few weeks. Firstly, coming off the 6 month high of mid July, Tesla has retraced to the Fibonacci 0.618. Secondly, A classic triangle is now clear. Triangles break out either to the top or the bottom. However, there are multiple confluences that are pushing me towards a (short term) Long position for a breakout: #1: The Psychological. It's been very trendy to short Tesla as of late. According to CNN , short sellers lost 12.2b in liquidity shorting Tesla last year. I suspect retail and algos are looking for a buy opportunity. #2: Long Term Technicals. There are only so many people on this planet that can afford high quality electric vehicles. But, the Model 3 and Model Y is now within reach of most consumers. However, electric vehicles are starting to show some previously unknown issues with a mass market. CBS News reports that Tesla owners can expect to find a 30% reduction in range in temperatures below freezing. For many Americans, this can be hard to swallow, especially for those commuting 50-60 miles a day for work. #3: Adam Jonas. Adam Jonas cut his bullish price target from 380 to 345 this morning citing multiple factors including, "Global EV momentum is stalling. The market is oversupplied (and not enough) demand." #4. Price Action. I'll go into this a bit more below with my expectations. I see two scenarios playing out long term, but first lets set the baseline: 618 fibonacci is extremely stable, and it near perfectly lines up with the price action triangle. Tesla earnings are two days. I suspect we'll see intraday tomorrow as people anticipate the report but nothing drastic. Cybertruck has been delivering for the past few months and I expect we'll see a Christmas sales bump missed in the October report as prices continue to drop. If the earnings report is positive (It most likely is) We will absolutely see a retracement to the 0.5. As there is (currently) little price action to support a resistance of the 0.5, it's possible that it could push past and there could be a retest towards late November through early December trade chop. Anything beyond that would be ultra speculative, but two likely scenarios will play out after the move up: First and what I believe to be most likely, We'll see another retracement to 618 and a bottom side triangle breakout. Fibonacci velocity resistance on the same high & low shows weak support. Combine this negative sentiment towards luxury goods and vehicles in general ( highest delinquency in 30 years ) and we very well could setup for a false or full on breakout of this triangle. Second and personally less likely, we setup for a mini bull flag as price action consolidates and breakout at the top. Any way it swings will be interesting. I'll be keeping an eye on other confluences that appear as the retracement plays out to make a more accurate guestimate. Cheers -T
NASDAQ:TSLALong
by TMace2
44
EURGBP H4 | Potential bullish breakoutEUR/GBP is trading close to a pullback support and could potentially break above a descending trendline to make a bullish rise to the upside. Buy entry is at 0.85700 which is a potential bullish breakout level (wait for price to break through the descending trendline for confirmation). Stop loss is at 0.85350 which is a level that sits under a pullback support. Take profit is at 0.86150 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
12
🅱️ Bitcoin Moving Below EMA50 Confirms Major CrashThis is not a drill... I repeat, this is not a drill! Bitcoin is moving once more below EMA50 after a very weak bounce 16-January. Moving daily below EMA50 simply confirms the upcoming correction without a shadow of doubt. This move is support by low volume and a weak RSI. This signal only confirms when the day closes below $42,142 (EMA50). While this is likely to happen today or fast, it can also take its time. We are looking at the 20th of January, on or around this date (near) for the next major move to fully develop —based on Astrology (planetary movements). Seeing these bearish signals, no doubt the next major move is down. Prepare for a correction... This is not a surprise we've been expecting this for months. All related markets are also bearish. The signals are coming from all across. Prepare accordingly. We still have some time left. Thank you for reading. Namaste.
Short
by AlanSantana
200
DOW JONES Why you don't want to miss this rally.Dow Jones (DJI) is pulling back on a technical correction as the 1W RSI got overbought (above the 70.00 mark) on the December 26 1W candle. That was basically the first time since June 01 2021 it got overbought and that time also gave a technical pull-back. What draws our attention more than that time though is the December 19 2016 pull-back when the 1W RSI was again overbought. The difference here is that the price action and patterns that preceded that pull-back/ consolidation are very similar. A Lower Lows bottom on the 1W MA200 (orange trend-line) that took place on a 1W RSI Higher Lows Bullish Divergence, gave way to a break and sustainable rise above the 1W MA50 (blue trend-line). Following the current pull-back/ consolidation we are at, a very strong Channel Up took place. As a result, even though the sentiment is bearish on the short-term, possibly until the January 31 Fed Meeting, it is clear that the long-term trend is bullish. Every such correction has high probabilities from now on to be a buy opportunity. The target can be as high as 43000 within 2024. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, 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 us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
49
USDCHF:The Confluence of Trends and FundamentalsHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.85300 zone, USDCHF is trading an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85300 support and resistance area. From a technical perspective, USDCHF exhibits a clear uptrend, and its current correction phase positions it near the critical support and resistance area at 0.85300. Traders will be closely monitoring this level for potential entry points. Now, let's add a fundamental layer to our analysis. Recent economic indicators, especially the Consumer Price Index (CPI), play a pivotal role in shaping currency dynamics. Examining the previous CPI figures (3.1%, 3.2%, 3.7%) in contrast to the latest readings (3.4%, 3.1%, 3.2%), we observe a nuanced inflationary pattern. This trend suggests a potential strengthening of the US dollar, aligning with the Federal Reserve's dual mandate of price stability and maximum employment. Considering the CPI data within the broader economic landscape, traders may anticipate increased speculation regarding the Federal Reserve's monetary policy. A growing inflationary environment could prompt the Fed to adopt a more hawkish stance, signaling potential interest rate adjustments in the future. This shift in monetary policy can significantly influence currency valuations, contributing to a possible strengthening of the USD against its counterparts. In conclusion, as we navigate the intricacies of the forex market, keeping a watchful eye on both technical and fundamental factors is essential. The alignment of a favorable technical setup with evolving fundamental narratives enhances the overall decision-making process for traders. Trade safe, Joe.
Long
by JoeChampion
12
Bearish Bitcoin Spike on the Weekly"Buy the rumor/Sell the news" is a phenomenon as old as markets. It was like betting on the sun not to rise tomorrow. I have talked to many Bitcoin enthusiasts who are perplexed by this occurrence. They were assured by various Twitter personalities that this week would see the largest inflow of capital into Bitcoin ever, price would rise, and if they just bought prior to the news they would make tremendous gains. This was never going to happen. With the close of the prior eventful week's candle we now have a confirmed price Spike on the INDEX:BTCUSD Weekly. On Wednesday amid the "buy the news" nonsense price briefly surpassed a major high set in March 2022 only to retrace the entire ETF launch and then return to the bottom of the prior range. This is a very bearish signal from which price does not typically recover. The first level of Support will be found around 32.2k; the 50% Retracement of the rally since November 2022. The most ironic, and most likely outcome, is that price retraces the entire ETF hype rally. Breaking the ETF news high would of course resume the trend upward but at this point despite the memes circulating Twitter trying to reassure all to HODL that is a very low probability with the price action we have seen. I remain short Bitcoin via pre-existing ETFs such as AMEX:BITI and will be adding to them during the coming week. Wall Street is not coming to save your longs...
INDEX:BTCUSDShort
by norok
66
Bitcoin: 40K Break Trend Change?Bitcoin rejects the 50K resistance area and goes from 49K to 41,500 over a two day period. If you have been following my analysis on here you should NOT be surprised. I have been highlighting the extreme risks above 46K in my articles AND my streams since the beginning of the month. Is this an adequate pullback to buy into? I will address that now. The first question that we must consider is: has anything changed in terms of trend? From a technical perspective, NOT YET. The 40K support is still intact, and until this level is clearly compromised, it is still within reason to anticipate the overall support to hold. One thing to keep in mind though, there is a large red candle coming off a major resistance level and this means momentum is bearish. IF this momentum continues, 40K can break at which point a change in trend would be in play. For this reason, BEFORE considering any swing trades on the long side, I will WAIT for a complex reversal pattern (see illustration on chart). This can appear in the form of a classic double bottom or failed low in the 40K AREA. A couple of green inside bars is NOT enough in this situation because of the recent surge in momentum. Typically inside bars in this configuration are often momentum continuation patterns which at the moment favors the bears. In previous reports and streams I have specifically mentioned the relevance of the monthly time frame and potential of a bearish C wave developing. IF 40K breaks, this further confirms that argument. A bearish C wave can potentially lead to a test of 15K (this can take months to play out). It is important to be cognizant of this scenario particularly for investors who plan to dollar cost average into the next pullback. Don't make the mistake to getting too big too soon. There is no way to know if 15K will be tested, maybe the bottom of C turns out to be 30K, or maybe Wave C never unfolds at all, and 40K holds. The point is, don't get married to any opinions bullish OR bearish. Avoid getting swept up into the nonsense machine (the internet). You only need a few components of information to make reasonable decisions. Start with having a repetitive way to identify trend and changes of trend, and second the same for KEY support and resistance levels. These two components alone can improve decision making because they help you align with market intent. This game is NOT about "thinking" and being right. It is about ADJUSTING as the market processes new information. Unless you are ahead of the information curve, you have to accept that the market is ALWAYS right. It can do whatever IT wants, WHENEVER it wants for ANY REASON. Charts help to isolate a probable range of scenarios which you can reference to better quantify risk. The more you over think it, the greater the chance that you lose. Thank you for considering my analysis and perspective.
BITSTAMP:BTCUSD
by MarcPMarkets
29
BTC REJECTED AT GOLDEN POCKET, PRINTS UGLY CANDLENot the move that ETF bulls were looking for, but also not surprising with GBTC now unlocked and putting selling pressure on the market. Technicals at the moment indicate that more downside is likely. The weekly candle closed as a shooting star , a candle with a long wick up and red body. This is often the signal of a weakening or ending uptrend. This also happened to have a wick up into the golden pocket, between the 61.8% and 65% retracement levels, a key resistance on the chart. I have no idea what will happen - nobody does. The chart indicates that bears are back in control for the moment. We need to see more downside to confirm the bearish candle from last week, or else the shooting star is not that meaningful. This week will be fun to watch.
COINBASE:BTCUSD
by ScottMelker
26
$SPX500 2024 Guess for the Year $SPYHere are the actual #'s for you to see the 2024 Wall Street analysts forecasts on the chart. Once those are charted in the black rectangles at the year-end price targets, we can see where there are concentrations of estimates and where investors might pause and sell as the target has been reached for the year. And then I added in the 9% and 10% green lines to indicate the common average annual compound return of the stock market (excludes dividends). I could imagine there will be multiple rejections of the cluster where people want to "lighten up at the target" into the election in November. I plotted three pullbacks from the resistance area and then once the doubt is no longer hanging over the market, it can rally and the money chases into stocks. Election years have often been sideways grind and this year seems like more of the same. The media headlines are negative and investors are scared of a recession and another banking crisis. Inflation is always a fear and the Fed has hiked 500 basis points and although their language has shifted from "higher for longer" over to "easing ahead possibly three rate cuts in 2024" to paraphrase Jerome Powell at the Fed. The stock market is unchanged after two years and many investors are shell-shocked from the bear market in 2022 and trying to fend off the lure of T-Bills and money market funds with their juicy 4%-5% yields which are the highest they have been in years. Take a look at my interest rate "guess" from last year when rates were near peak to show you what I was thinking back then (hint: topping, down to sideways. See link below). This is my annual fun 'guess' which has been something I have done for about the last 10 years and with some luck it has at least acknowledged the big factors in the market and even if I am dead wrong I took a shot at it and welcome questions and comments. Cheers to a healthy 2024 for everyone. Tim Jan 11, 2024 10:00AM EST
EIGHTCAP:SPX500Long
by timwest
49
Spot Bitcoin ETFs Surge – A Bullish Signal for Market Adoption?Welcome to a pivotal moment in the Bitcoin market! As we witness the launch of several spot Bitcoin ETFs, including giants like Fidelity's FBTC, Bitwise's BITB, and Franklin Templeton's EZBC, the landscape of cryptocurrency investing is evolving before our eyes. First-day volumes paint a promising picture, with funds that 'Buy Bitcoin' directly, such as FBTC (Fidelity), BITB (Bitwise), and EZBC (Franklin Templeton), accounting for a significant 14.06% of the total volume. This direct investment approach is injecting fresh capital into the spot Bitcoin market, hinting at a bullish outlook for Bitcoin adoption and price movement. Let's not overlook the powerhouses that follow Bitcoin's price through derivatives, such as the ProShares Bitcoin Strategy ETF (BITO) and Grayscale's GBTC, which command an impressive 85.94% of the total volume. While they may not directly purchase Bitcoin, their market presence can't be ignored, as they reflect growing investor interest and add to the overall Bitcoin market depth. With the potential move to a T+1 settlement cycle, the market could see increased efficiency and a more immediate impact from ETF inflows. This could be particularly beneficial for ETFs purchasing Bitcoin, as it allows for quicker capital deployment, enhancing the responsiveness of the market to new investments. But let's temper our optimism with a dose of reality. It's crucial to remember that not all ETFs are created equal – some provide direct exposure to Bitcoin's price movements, while others offer a more nuanced approach through futures and other financial instruments. The true impact of these funds will unfold with time, as we closely monitor their influence on market demand and price dynamics. In essence, the influx of new Bitcoin ETFs could be a harbinger of increased adoption and integration of Bitcoin into the mainstream financial world. This is a bullish sign for those of us optimistic about the future of digital assets. Stay tuned for more updates as we navigate this exciting phase of market growth. And remember, despite the complexities, the introduction of these ETFs is a step toward broader acceptance and a testament to Bitcoin's enduring allure. So..still very Bullish news... still very Good news! One Love, The FXPROFESSOR 💙
by FX_Professor
45
XRP High probability Uptrend with 70% move with target: $1.042The analysis below outlines a bullish case, with a target price of $1.042, marking a potential 71.76% increase from the current level. Ascending Channel Formation: The XRPUSD has been trading within an ascending channel, exhibiting higher lows and higher highs, a classical indicator of a bullish trend. The lower boundary of the channel has consistently provided support, suggesting a strong buying interest. Consolidation Zone: Prior to the current price action, XRPUSD was consolidating, with the price oscillating between a well-defined range of support and resistance levels. The upper boundary of this range may act as a springboard for a breakout. Z-Score Probability Indicator: The Z-Score indicator has dipped into the red zone, which often precedes a reversal. Given the other bullish signals, this could indicate a potential buying opportunity. Moving Averages: XRPUSD is currently trading above its significant moving averages, which have started to trend upwards, suggesting a bullish market structure.
BITFINEX:XRPUSDLong
by meloneusk
16