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Spotting EUR/USD Rebound Potential with Key Technicals!Today, we’re analysing the EUR/USD daily chart to see how key technical indicators align to impact trading decisions. Here’s what’s shaping up: ➡️ Current Support: We have an uptrend in place since April which is coinciding with a 78.6% retracement around the 1.0760/75 level (spanning June lows to September peaks). Adding strength to this support zone is the RSI divergence, signalling a potential corrective rebound. ➡️ Resistance Levels to Watch: For potential rebound targets, I start with Fibonacci retracements and key resistances: • First Resistance: The 200-day moving average aligns with the 23.6% retracement at 1.0872. • Second Resistance: The 38.2% retracement around 1.0950, showing multiple resistance touches, making it a significant challenge for further price movement. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
Long
by The_STA
6
USD/JPY rally facing fundamental test with US job openings data USD/JPY remains a play on the US interest rate outlook, sitting with an incredibly strong correlation with US two-year Treasury note futures of -0.98 over the past fortnight. When short-dated US debt futures have moved in a particular direction, USD/JPY has almost always done the opposite, mirroring US Treasury yields. With there's no obvious reversal pattern in US two-year note futures in the right-hand chart, providing reason to be cautious about getting to aggressive, with the first of the week’s major US economic releases on the way in the form of JOLTs job openings for September, the risk of profit-taking in USD/JPY appears elevated. After a surprise bounce in August, markets are looking for only a minor decline in openings of 50,000 to 7.99 million. Notably, this survey tends to bounce around and we haven’t seen back-to-back increases since late 2022. That hints at the potential for a downside surprise that could spark downside for US Treasury yields and USD/JPY which have run very hard in recent weeks. If the price holds below 153.19, you could initiate shorts with a tight stop above for protection targeting a return to the 200DMA. Good luck! DS
Short
by FOREXcom
4
What Is a Falling Knife in Trading? What Is a Falling Knife in Trading? It’s often repeated that traders should ‘never catch a falling knife.’ This phrase highlights the risks of buying into a rapidly declining asset. Understanding what a falling knife is, its causes, and strategies for trading it may help traders navigate these sharp declines more effectively. This article delves into the intricacies of falling knives and offers insights on how to approach them with caution. Understanding the Falling Knife Pattern A falling knife consists of candlesticks that depict a significant rapid drop in an asset’s price, including stocks, commodities, forex pairs, indices, cryptocurrencies*, and more. This situation is often driven by negative news, poor earnings reports, or broader market sell-offs. Identifying a falling knife involves recognising several key characteristics. Firstly, the decline is steep and sudden, typically marked by large red candlesticks on a price chart. The volume often increases as the price falls, indicating panic selling. Technical indicators such as the Relative Strength Index (RSI) might show oversold conditions, suggesting the asset is undervalued in the short term. Common tools used to identify falling knives include: - Moving Averages: When short-term moving averages cross below long-term moving averages, it signals bearish market sentiment. - Bollinger Bands: Prices breaking below the lower band can indicate a falling knife. - Volume Analysis: Spikes in trading volume often accompany these sharp declines, confirming the intensity of the sell-off. In terms of candlesticks, a falling knife typically produces several bearish candles with long bodies and small wicks. They may appear as a large engulfing candle on a higher timeframe. Recognising these patterns is crucial for traders. Misinterpreting a falling knife can lead to significant losses, as attempting to catch a falling knife—buying during the steep decline—without proper analysis can be risky. Instead, many traders wait for signs of stabilisation or reversal before considering an entry point. Causes of Falling Knives A falling knife generally occurs due to several specific catalysts, each capable of triggering a rapid and substantial decline in an asset's price. Understanding these causes, including technical factors, is essential for traders aiming to navigate such volatile situations effectively. Economic Events and News Releases One primary cause of falling knives is significant economic news. For instance, announcements of interest rate hikes by central banks can lead to widespread stock market sell-offs. Similarly, unexpected changes in economic indicators like unemployment rates, inflation, or GDP growth can trigger sharp declines. Traders react swiftly to such news, often leading to panic selling and steep price drops. Earnings Reports and Company-Specific Issues A falling knife stock pattern can be triggered by poor earnings reports or disappointing financial results from a company. When a company misses earnings expectations or issues negative guidance, investors may lose confidence, resulting in a rapidly falling stock. Additionally, company-specific problems such as legal issues, management scandals, or product recalls can lead to rapid price declines as investors reassess the company's prospects. Broader Market Conditions and Trends Broader market trends and conditions play a significant role in causing a falling knife in stocks and other assets. During periods of market volatility or bear markets, negative sentiment can spread quickly, leading to sharp declines in asset prices. For example, during the financial crisis of 2008, widespread fear and uncertainty led to massive sell-offs across various sectors. Similarly, market corrections or crashes can create environments where falling knife patterns are more likely to occur. Geopolitical Events Geopolitical events such as wars, political instability, or trade tensions can cause abrupt market reactions. For instance, escalating trade disputes between major economies can lead to uncertainty and fear, causing investors and traders to exit positions rapidly. Technical Factors Technical analysis also plays a crucial role in falling knife patterns. Key technical factors include: - Breaking Support Levels: When an asset's price falls below critical support levels, it can trigger further selling as traders perceive a lack of price stability. - Overbought/Oversold Conditions: Oscillators like the Relative Strength Index (RSI) showing overbought conditions can precede a falling knife as prices correct sharply. At the same time, the RSI may enter the oversold area during the falling knife pattern. - Bearish Chart Patterns: Patterns such as head and shoulders, double tops, or descending triangles can signal potential sharp declines, leading to falling knife scenarios. Risks Associated with Falling Knife Trading falling knives carries significant risks, primarily due to the rapid nature of the price declines. Understanding these risks is crucial for traders aiming to navigate such volatile situations. Potential for Significant Losses The most apparent risk is the potential for substantial financial losses. When an asset's price plummets, catching the falling knife can result in buying at prices that continue to drop, leading to immediate and severe losses. False Bottoms and Dead Cat Bounces Traders may mistakenly interpret temporary price stabilisations or minor recoveries as the end of the decline, only to face further drops. These false bottoms and dead cat bounces can trap traders in losing positions. Increased Volatility Falling knives are often accompanied by heightened market volatility, making it challenging to analyse short-term price movements. This volatility can result in rapid and unexpected changes in asset prices, complicating risk management. Psychological Challenges The psychological impact of trading falling knives should not be underestimated. The stress and emotional strain of dealing with sharp losses can lead to irrational decision-making, such as holding onto losing positions for too long or making impulsive trades. Technical Analysis Limitations While technical indicators can help identify potential entry points, they are not foolproof. The rapid and severe nature of falling knives can render technical analysis less reliable, as price movements may not follow traditional patterns. Liquidity Issues During sharp declines, liquidity can dry up, leading to wider spreads and slippage. This makes it harder to execute trades at desired prices, potentially exacerbating losses. Examples of Falling Knife Events Now, let’s take a look at a couple of falling knife examples. To start identifying your own falling knives, head over to FXOpen’s free TickTrader platform to explore real-time charts across different asset classes. Onset of the Coronavirus Pandemic and the Nasdaq 100 In early 2020, the onset of the coronavirus pandemic triggered a dramatic fall in global financial markets. The Nasdaq 100, heavily weighted with speculative tech stocks, experienced a sharp decline as investors reacted to the uncertainty and potential economic impact of the pandemic. From mid-February to late March 2020, the Nasdaq 100 dropped by over 30%. This steep decline represented a classic falling knife pattern, characterised by rapid sell-offs and increased market volatility over the course of several weeks. Traders who attempted to buy into the market too early faced significant losses as the market continued to fall before eventually stabilising and recovering later in the year. EUR/USD After Strong US Inflation Data On April 10, 2024, the release of March US inflation data led to a falling knife event in the EUR/USD currency pair. Traders had been closely monitoring the Consumer Price Index (CPI) report, anticipating that a lower-than-forecast reading would prompt the Federal Reserve to lower interest rates later in the year. The forecast was set at 3.4%, with a lower or at-forecast figure expected to weaken the dollar. Instead, the headline CPI YoY reading came in exactly at 3.5%, defying expectations. This unexpected data triggered a rally in the dollar and a sharp sell-off in EUR/USD. The pair plummeted rapidly, and the decline persisted until the end of the trading week, illustrating how sudden economic data releases can lead to sharp and sustained price drops. Strategies for Trading Falling Knives Understanding the catalyst behind a falling knife is crucial for determining whether it’s likely to rebound soon or persist as a trend. Events that cause fundamental repricing, such as poor earnings data, significant or unexpected news/economic releases, or unique risk events like currency intervention or financial crises, often lead to prolonged falling knives. In contrast, temporary sharp corrections might be due to overreactions to already priced-in news or transient market fears. Recognising these catalysts helps traders decide whether to take a position or wait for volatility to subside. Additionally, the timeframe of the falling knife provides valuable context. A falling knife on a 5-minute chart could indicate a sharp intraday decline, potentially recovering before the trading day ends. Conversely, on a 4-hour or daily chart, a sharp decline may suggest a continued downtrend over several days or weeks. Traders can use this information to look for short opportunities on lower timeframes or prepare for longer-term moves. Common Strategies Traders Use The insights gained from analysing market conditions can help traders to decide whether to short the falling knife or stay out of the market and wait for a bottom. Shorting the Falling Knife Traders looking to short a falling knife should exercise caution. Increased volatility during sharp declines can make it difficult to set appropriate stop-loss levels without a sub-par risk/reward ratio. The best entry can potentially be found during a pullback. As some traders think the price is bottoming out, their stop losses being triggered as the price continues to decline can fuel another leg lower. Traders can look for breakouts from bearish chart patterns like rising wedges, bear flags, or bear pennants. Alternatively, waiting for the bullish structure of the pullback (higher highs and higher lows) to break down into a lower low and lower high can indicate the next leg lower is underway. This approach offers traders confirmation that the knife is continuing to fall and an appropriate place to set a stop loss above the pullback’s high. Buying After a Falling Knife For those looking to catch the bottom, confirmation is essential. Using a pair of moving averages, such as 20-period and 50-period EMAs, can help. When the 20-period EMA crosses above the 50-period EMA, and the price closes above both, it suggests the downtrend might be over. However, momentum indicators like RSI and MACD can falsely signal market turns during steep declines, but they may have some value on higher timeframes. Generally speaking, one of the potentially effective strategies for catching a falling knife is to wait for the price to break above the previous lower high of the downtrend. This would demonstrate that the market has been able to break above a point at which it previously found resistance, allowing traders to potentially switch their bias to bullish and seek entry points. The Role of Patience and Discipline in Trading Falling Knives Patience and discipline are paramount when trading falling knives. Impulsive trades driven by the fear of missing out can lead to significant losses. Traders are required to wait for clear signs of trend reversal or continuation before entering a trade. This involves adhering to predefined strategies and not deviating due to emotional reactions to volatile market movements. Likewise, maintaining discipline in setting and following stop-loss levels, adhering to risk management principles, and avoiding premature entries can potentially enhance trading effectiveness. The Bottom Line Navigating falling knives requires careful analysis and disciplined trading strategies. By understanding the causes and employing effective techniques, traders can potentially better manage these volatile situations. To explore these strategies further and enhance your trading skills, consider opening an FXOpen account. With the right tools and knowledge, you can approach falling knives with greater confidence and precision. FAQ What Is a Falling Knife in Trading? A falling knife in trading refers to a rapid and significant decline in an asset's price, often triggered by negative news, poor earnings reports, or broader market sell-offs. This sharp drop can be volatile and difficult to analyse, making it challenging for traders to time their entries and exits. Should You Ever Try to Catch a Falling Knife? Catching a falling knife is highly risky. Therefore, the theory states it’s not recommended for most traders. The rapid decline in price can continue further than anticipated, leading to significant losses. To minimise risk, traders wait for signs of stabilisation or reversal before considering an entry. How to Catch a Falling Knife? Catching a falling knife involves identifying potential reversal points through technical analysis. Traders often wait for confirmation, such as a break above previous resistance levels or a moving average crossover. Patience and strict risk management, including setting tight stop-loss orders, are essential when attempting this strategy. What Is a Falling Knife in Crypto*? In the crypto* market, a falling knife refers to a sudden and steep decline in the price of a cryptocurrency*. This can be triggered by regulatory news, security breaches, or market sentiment shifts. Due to cryptocurrencies*' high volatility, falling knives can be particularly severe and difficult to analyse. *At FXOpen UK, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rule. They are not available for trading by Retail clients. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
7
Options Blueprint Series [Basic]: H&S amid Surging Wheat Supply1. Introduction: Bearish Opportunity in Wheat amid Rising Supply With the U.S. Grain Stocks Wheat (USGSW) report showing a notable rise in wheat stock levels, a bearish scenario is unfolding for wheat futures. This increase in supply, which could drive prices downward, aligns with a technical setup showing potential for a bearish breakout. From a technical perspective, Wheat futures exhibit a Complex Head and Shoulders formation, signaling a possible breakdown as prices approach a critical support level. By combining the supply dynamics and technical formation, this article outlines a Bear Put Spread strategy, ideal for capitalizing on this bearish outlook with limited risk. 2. Fundamental Analysis: Rising Wheat Stock Levels The most recent USGSW report has recorded wheat stock levels breaking upward to 1.98 billion bushels, up from the previous level of 1.779 billion bushels. This shift indicates a higher supply of wheat available in the market, which, in the absence of proportional demand, typically should result in price pressure to the downside. Higher wheat stock levels often dampen demand sentiment, as markets anticipate reduced scarcity and increased availability. Such fundamentals offer a conducive backdrop for a bearish approach, supporting the downside breakout anticipated in the technical setup. 3. Technical Analysis: Complex Head and Shoulders Formation The technical landscape for Wheat futures supports the bearish case, with a Complex Head and Shoulders pattern forming on the chart. This pattern is characterized by multiple peaks (heads) flanked by smaller peaks (shoulders), indicating a potential reversal from recent highs. The critical neckline for this formation sits at 585'6. A break below this level would signal the likelihood of further downside movement. The target for this setup aligns with a UFO support zone at 552'4, which serves as an optimal price point to close the trade if the breakout confirms. 4. Trade Setup: Bear Put Spread on Wheat Futures (Ticker: ZWH2025) To capitalize on the bearish setup, a Bear Put Spread is employed. This strategy allows for limited downside risk while still offering attractive profit potential. Here are the specifics: o Contract Details for ZWH2025 (Wheat Futures): Contract Size: 5,000 bushels Tick Size: 1/4 of one cent (0.0025) per bushel (equivalent to $12.50 per tick) Point value of 1 future unit: $50 Point value of 1 option unit: $50 Expiration: December 27, 2024 Margin Requirement: While the exact margin depends on the broker, the requirement typically ranges between $1,500 and $2,000 per futures contract. The margin for a Bear Put Spread in Wheat futures options is limited to the debit paid (15.2 points *$50 = $760). o Options Strategy: Bear Put Spread Buy the 585 put option at 25.84 and Sell the 550 put option at 10.64, both expiring on December 27, 2024. The net debit paid is 25.84 – 10.64 = 15.2 points = $760 This spread provides a capped-risk opportunity for profiting from a downside move in Wheat futures. o Risk Management: While stop loss orders can be used, no stop loss is required given the limited-risk nature of the Bear Put Spread. The maximum potential loss is predefined by the cost of the spread. 5. Options Risk Profile Analysis The Bear Put Spread strategy involves buying a put option at a higher strike price (585) and selling a put option at a lower strike price (550). This configuration: Maximizes potential profit if Wheat futures drop to or below the 550 level by expiration. Caps maximum loss at the initial cost of the spread, regardless of how the underlying Wheat futures move. For this setup, the maximum potential profit is the difference between the strikes (585 - 550) minus the premium paid = 19.80 ($990). The maximum potential loss is the cost of the spread, making it a controlled-risk strategy suited to volatile or downward-trending markets. 6. Trade Execution Plan Entry: Initiate the Bear Put Spread as Wheat futures break below the 585'6 neckline, confirming the downside breakout. Target: Close the trade at 552'4, which aligns with a nearby UFO support zone, marking a logical exit point. 7. Risk Management Considerations Effective risk management is essential in any options strategy, and the Bear Put Spread inherently offers several risk control advantages: Limited Risk: By buying a put and selling a lower-strike put, the Bear Put Spread creates a defined risk position, capping potential losses at the initial premium paid for the spread. No Stop Loss Required: With maximum risk predetermined by the cost of the spread, there's no need for a stop loss, which could otherwise be triggered prematurely in a volatile market. Predefined Entry and Exit: This strategy's effectiveness hinges on precise entry (below the 585'6 neckline) and a clear target at 552'4. By maintaining these predefined parameters, the trade maximizes its alignment with both technical and fundamental setups. This trade setup offers a balanced approach, allowing for downside exposure with risk under control, making it well-suited for periods of volatility or substantial downward moves. When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com - This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies. Also, some of the calculations and analytics used in this article have been derived using the QuikStrike® tool available on the CME Group website. General Disclaimer: The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
CBOT:ZWH2025Education
by traddictiv
2
trailblazing women who took Wall Street by storm these incredible women have paved a way for female investors and traders around the world showing great resilience and fearless mentality despite facing gender discrimination going on to achieve great things in the financial field, motivating the future generation of young women that they too can achieve the unthinkable. 1. HETTY GREEN the witch of wall street also referred to as "the woman who loved money" born November 21, 1834 and also believed to have been the richest woman in America before the time of her passing, Hetty Green started her financial/business journey from a young age through the influence of her father who was a successful agent, oil manufacturer, and Quaker, who encouraged her to read and study financial texts when she was a young girl, he believed that even women needed to understand the dealings of money, business and overall how the financial world operates. She is best known for turning an inheritance of between 3 - 7 million to 100 million U.S dollars approximately $2.5 billion in today's money. She did this by investing in U.S government bonds, stocks, real estate and railroads and providing financial support during crises, most especially the Panic of 1907, making her a reputable investor and financier, using a buy low, sell high strategy and impeccable psychology facing markets militantly and unafraid even in times of panic. 2. VICTORIA WOODHALL the first woman to run for presidency born September 23, 1838, Victoria came from a very poor background, with the influence of their father she and her sister sold herbs and potions posing as spiritualists and healers they caused them to live a on the run from one place to another due to unsatisfied customers/patients. Their nomadic lifestyle led them to Manhattan were they caught the attention of railroad magnate Cornelius Vanderbilt, who it was believed they helped him keep in contact with his dead wife he in return offered them financial advice and through this connection they were able to open the first female owned brokerage in wall street in 1870 called WOODHULL, CLAFLIN and CO with clients of high society women, rich widows and high value prostitutes, this become a success earning them over $700 000 about 2million today. She used this money to further her goals and fund her campaign to run for presidency. 3. ISABEL BENHAM madam railroad born 1909, in the 1920s Isabel enrolled at a women only college called Bryn Mawr in Pennsylvania, with a strong desire to study economics and work in wall street it has a great tragedy to find that the school offered no economics courses but Isabel insisted the college offer economics studies and made history by being 1 of 5 women to graduate from the college with a degree in economics. after graduation, living in times of the great depression also facing daily gender discrimination this did not stop her from pursuing her dreams to work in wall street, she started a side hustle by selling magazine subscriptions and later landed a job as a bond strategist on wall street bond house R.W Pressprich and Co. and due to her resilience and hard work providing accurate reports of the railroad industry became their first female partner and first woman as a partner of a wall street bond house and first woman to be appointed Board of Directors for a railroad. 4. MURIEL SIEBERT the first lady of finance born 1928 without graduating from any college her finance career started by being a finance research trainee and grew her expertise by working in various brokerages. through hard work and determination by year 1967, despite numerous failed attempts and rejection she became the first woman to have a seat on the BYSE being the only woman among 1,365 men which was a remarkable achievement. she went on to co-found Siebert and Co a broker- dealer in 1969 and when the the NYSE jettisoned it's 183 year old tradition allowing it's members to negotiate broker commissions her company became America's first discount brokerage also being owned by a woman. by year 1977 she hit another incredible career milestone by being appointed superintendent of Banks for New York state, overseeing all NEW YORK banks with no banks failing in her 5 year term. 5. GERALDINE WEISS grand dame of dividents considered one of the best female investors/ traders of the 20th century, learning about investing by reading investing texts like Security Analysis by BENJAMIN GRAHAM and studying business and finance earning a degree at the University Of California. with her advanced knowledge about investing she was still unable to get any job position higher than secretary due to gender discrimination in the male dominated industry but this did not put out her fuel and and undying desire to become be involved in the investment community and by age 40 she started her investment newsletter called "Investment Quality Trends" under a pseudonym "G. Weiss" to hide her gender as at the time many believed no woman can make successful investments and did this for a decade with her subscribers thinking she is a male it was only in 1977 when she appeared on TV program "wall street with Louis Rukeyser" that she revealed her gender this now with her newsletter being a success with accurate analysis asserting that dividend yield is a key valuation measure that how she got her nickname. hope this inspires more women to be more active in the trading world. Whatever women do they must do twice as well as men to be thought half their inferior. Luckily, this is not difficult. – Charlotte Whitton put together by : Pako Phutietsile as currencynerd
OANDA:XAUUSDEducation
by currencynerd
4
Bitcoin Predictions for 2025 & Beyond: Who’s Eyeing $1 Million?If one thing is certain on this earth, it’s that Bitcoin BTC/USD predictions are as volatile as the coin’s price. In this Idea, we’ve gathered some notable Bitcoin price predictions with their respective time stamps. Teaser: it’s a diverse set of characters ranging from bullish Wall Street pros and tech visionaries to some (permabear) economists and professors. Let’s check it out! Cathie Wood (ARK Invest) : $1 million Cathie Wood is no stranger to making waves with her predictions. The risk-taking tech investor has said Bitcoin could reach a jaw-dropping $1 million by 2030, offering the stereotype attributes of Bitcoin as a hedge against inflation and increasing institutional adoption. Wood's more optimistic projection sees it soaring as high as $1.5 million in the same timeframe. Michael Saylor (MicroStrategy CEO) : $1 million Michael Saylor, the ultimate Bitcoin maxi (borderline Bitcoin fanatic) who believes in total Bitcoin dominance , has been accumulating Bitcoin for his coin-hoarding company’s reserves and predicts it will eventually hit $1 million, emphasizing its superiority as a store of value compared to fiat currencies and gold. Chamath Palihapitiya (Venture Capitalist) : $1 million Chamath Palihapitiya has previously suggested Bitcoin could eventually hit $1 million, driven by macroeconomic instability and as a hedge against traditional financial systems. Robert Kiyosaki (Author of Rich Dad Poor Dad) : $500,000 Kiyosaki predicts Bitcoin could hit $500,000 by 2025 due to the collapse of fiat currencies and increasing inflation. Mike Novogratz (Galaxy Digital) : $500,000 Mike Novogratz is riding the bullish wave as well, predicting Bitcoin will hit $500,000 within the next three years. He believes this surge will be driven by Bitcoin's fixed amount of tokens (21 million) and growing adoption. Tyler and Cameron Winklevoss (Gemini Exchange Co-Founders) : $500,000 These crypto twins reiterate that Bitcoin could eventually reach $500,000 due to its potential to replace gold as a store of value. Tim Draper (Venture Capitalist) : $250,000 Tim Draper has long maintained a prediction that Bitcoin could hit $250,000 by 2024, citing broader acceptance and institutional adoption not just of Bitcoin but the broader crypto market . 🏢 Institutional Investors and Their BTC Targets Pantera Capital : $148,000 Crypto hedge fund Pantera Capital expects Bitcoin to rise to around $148,000 during the next four-year halving cycle (ending April 2028), based on historical trends. JPMorgan : $45,000 Taking a more conservative stance, investment banking giant JPMorgan JPM projects a price target of $45,000, provided Bitcoin continues to gain acceptance as a risk-adjusted alternative to gold XAU/USD . Standard Chartered : $120,000 Recently, UK-based bank Standard Chartered updated its forecast, predicting Bitcoin will rise to $120,000 by the end of 2024. Bernstein Research : $150,000 Research firm Bernstein Research predicts Bitcoin could hit $150,000, largely due to ETF demand and supply reductions following the 2024 halving . 🎢 Other Bitcoin Believers and Their BTC Targets Tom Lee (Fundstrat) : $180,000 Luke Broyles (Bitcoin advocate) : $3 million Raoul Pal (Real Vision CEO) : $1 million Adam Back (Blockstream CEO) : $500,000 Anthony Pompliano (Crypto Investor and Influencer) : $500,000 John McAfee (Programmer, Businessman) : $1 million Mark Yusko (Morgan Creek Capital) : $250,000 🚀 Bitcoin Maxis with No Price Targets Bill Miller (Billionaire Investor) Miller has stated that Bitcoin could go much higher, without a precise target. He supports the belief that it will outperform traditional financial assets over the long term. Paul Tudor Jones (Hedge Fund Manager) Jones has likened Bitcoin to an early investment in tech stocks like Apple AAPL , implying that it has significant potential for value increase. Stanley Druckenmiller (Billionaire Investor) Druckenmiller has suggested that Bitcoin could be a "store of value" better than gold and expects its price to rise dramatically. Jack Dorsey (CEO of Block, Co-Founder of Twitter) Dorsey, another devoted Bitcoin proponent, hasn’t given an exact price prediction but has expressed strong belief that Bitcoin will become the currency of the internet, suggesting a massive increase in value. 🧸 The Permabears: Those Who Want to See Bitcoin Burn Joseph Stiglitz - In contrast to the bullish predictions, Nobel Prize-winning Economist Stiglitz has argued that Bitcoin could be “worth just $100 by 2028.” Kenneth Rogoff - Harvard professor and former chief economist at the IMF, Rogoff claims Bitcoin is more likely to be worth $100 than $100,000 by 2028. Nouriel Roubini - An economist known for predicting the 2008 financial crisis, Roubini has harshly criticized Bitcoin as a bubble and a "scam." Bill Gates - The co-founder of Microsoft has expressed skepticism about Bitcoin and its ability to provide real value to the economy. Warren Buffett - The legendary investor has famously referred to Bitcoin as "rat poison squared," expressing concerns about its lack of intrinsic value and speculative bubble characteristics. Jamie Dimon - The CEO of JPMorgan Chase has repeatedly criticized Bitcoin, calling it a fraud and stating that it has no value. Peter Schiff - An outspoken critic of Bitcoin and a proponent of gold, Schiff argues that Bitcoin is a bubble and that it will eventually collapse in value. Larry Fink - The CEO of BlackRock has indicated he's no fan of Bitcoin, viewing it more as a speculative asset than a legitimate currency. More recently, after BlackRock launched the biggest spot Bitcoin ETF , Fink has warmed up to Bitcoin saying it’s a “legit financial instrument.” Now, over to you: What’s your take? Is Bitcoin on a rocket ship to $1 million, or are the critics right to be cautious? Drop your thoughts—and favorite Bitcoin predictions—in the comments below!
BITSTAMP:BTCUSD
by TradingView
25
AUDCAD Descending Triangle: Key Support Levels to WatchAUDCAD moved up from 0.9060 to reach 0.9375, and now forming a descending triangle pattern. This pattern usually appears when the price is making lower highs, meaning sellers are pushing it down, but there’s still a solid support level holding it steady, around 0.9165. Currently, AUDCAD is trading at 0.9175, and it seems likely to keep dropping. The first level to watch is 0.9110, if the price breaks below this, it could continue down to 0.9060, where the previous rally began. If sellers keep control, we might see more downward movement. But if support holds, there’s a chance for a bounce.
Short
by FXTradingAnalysis
13
Dow Jones Futures Bullish Move Into Resistance 450 Ticks 10 to 1I will be looking for a Long entry with a limit order at the price of 42,420 which is the High price of the September FOMC. I will use a 50 tick stop and target the resistance level of 42,975. I believe this week will be bullish as the down move from earlier was counter trend. I closed my short position on Friday with the expectation that price will bounce off of September's FOMC High. Sunday, price opened up with a fat bullish bar and gapped up 0.30% right out of the gate. This tells me that they are going for shorts back up to grab stops and retrace. The space between resistance is a huge clue for me that this is where they are targeting. The 42,975 price was used as support multiple times but not as resistance. The three pushes into the September's FOMC High indicates the down move may be the end and the move opposite is in way. Since the high was made during the September FOMC release, it has not been used as a solid support level. It was only used as a mean reversion level that price has been mean reverting around.
CBOT_MINI:YM1!Long
by Dow_Jones_Maestro
11
Bitcoin Prints the First Golden Cross in Almost Exactly One YearWe'll have to see if it sticks but BTC has just printed a golden cross. The crazy thing is, the last golden cross occurred on October 29th 2023! This golden cross was 2 days short of exactly hitting the 1 year mark. We all know what happened after the last golden cross, over the next 4.5 months the price increased by over 116%. If you take the time to study Bitcoin's price history, it is very clear that Bitcoin has been running in 4-year market cycles. This is especially true for the last two market cycles. From bear market bottom to the next bear market bottom, the 2015 to 2018 market cycle was 1432 days in length, and the length of the 2018 to 2022 market cycle was 1438 days. Even the elapsed times between events (bottom to halving, halving to peak, and peak to bottom) during each of these cycles is very consistent. Obviously, this market cycle trend doesn't have to continue, but I believe that it will, at least for this cycle. If that is the case then I wouldn't expect the post halving bull market to begin until late October or November of this year. Looking back at the previous two cycles, the 2016 bull market started 259 days after the halving, and the 2020 bull market started 149 days after the halving. We are now 192 days past the halving that occurred on April 19th. There is always a chance that I am totally wrong and the peak in March was the peak for this market cycle and it will be all down hill from here. But, I believe the probability of that is very low. But this is just how I am approaching this market cycle, every investor needs to do their own research and make their own decisions. I also make my decisions based on my long-term view and long time horizon.
BITSTAMP:BTCUSDLong
by Bigsky_Crypto
9
Crude Oil Smoked Again. Will the downtrend continue?Hey, guys. Noticed this evening Crude Oil is down yet again. In this video, taking a look at the technicals and whether this downtrend will continue or not. Oil is in a little bit of a confusing spot, but there is certainly good reason to think the weakness will continue. Hope this video will give you a closer look at the Oil chart and provide helpful information as you develop your thesis around this asset. Will the downtrend continue? Will we get a counter trend move? It will be interesting to watch this develop to be sure! NYMEX:CL1! Hope you enjoy the video, and best of luck out there!
NYMEX:CL1!Short
by redykhouse
4
Short-term EURUSD ideaAfter yesterday's better than expected flash PMIs from Germany, we saw EURUSD finding some buying interest. Let's see if we can get a larger correction to the upside. EASYMARKETS:EURUSD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
by easyMarkets
1
Apple Calls Be careful!!!News: Apple will be reporting earnings on Thursday October 31. Apple has a high of 237.49 that was created on Tuesday October 15, 2024. This high created has topped the previous high 237.23 created on Monday July 15, 24. Pattern we are trading is is a ascending triangle tu the up side on the daily and 4hr time frame. Every pull back has created a Higher Low (HL) which continues bullish momentum. In the ascending triangle pattern, i have created two trendlines indicating support. The dash line being the weak and the solid line being the strongest.
NASDAQ:AAPLLong
by HelloUs
2
Gold Price Outlook: Key Insights for Next Weeks Trading DecisionAs we head into the new week, gold prices remain resilient, fueled by heightened Middle East tensions and U.S. election uncertainty that keeps investors seeking safe-haven assets. Despite dollar strength and recent rate cuts by the Federal Reserve, gold has surged over 32% this year, reflecting sustained demand in the face of global instability. In this analysis, we cover critical areas for buyers and sellers alike, focusing on structural patterns, market psychology, and potential trade opportunities you won’t want to miss. Whether you're watching the price action or setting up entry points, these insights will equip you with a clear roadmap for the week ahead. Will gold continue its strong performance, or could a new catalyst shift the trend? 📌 Stay tuned as we navigate the next big moves in the Gold market! #goldprice #goldtrading #investing #commodities #marketanalysis #tradingstrategy #goldforecast #geopolitics #election2024 #safehaven #financialmarkets #forex #daytrading #swingtrading #middleeast #usdollar #economicuncertainty📺🔔💼 Disclaimer Notice: Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
PEPPERSTONE:XAUUSD
by darcsherry
4
NUBUSDT Looks BullishLooking at NUBUSDT , let's do a top-down analysis starting from the Weekly down to the 4Hourly timeframe to see where price is headed. Weekly Timeframe For the first time since the listing of NUBUSDT on Gate.io exchange, we're starting to see what looks like a break out of the down trend which lasted for about 24 weeks since its ATH (All Time High) in April 22nd 2024. The current corrective move on the weekly timeframe, which runs counter to the prevailing trend, is both healthy and expected as it aligns with the natural wave structure of the market, where movements typically follow an impulse-corrective-impulse pattern. After each impulsive move, a corrective phase is expected, followed by another impulse originating from the correction to confirm the trend. In this case, we should be expecting price to break the previous Weekly LH (Lower High) to establish the trend. Anything short of this means, price is not yet ready for any up trend. Daily Timeframe One interesting thing about the Daily timeframe price action on this coin is that since September 5th 2024, we've been having series of HH (Higher Highs) and HL (Higher Lows). These are the type of structures I look out for when looking to take a buy position. The daily price action is also in confluence with the weekly were we saw a 24 Weeks break of trend line, all hinting a possible start of an uptrend in the long term. The price level we are currently is an interesting one as price seems to have broken the daily trend line. The question now is, would this trend line hold or break? The truth is, not even the coin creators can answer that question. The only thing we can do at this point is check what the price is doing so we know what to expect and what to do if our expectation comes to fruition. Let's look at this level critically. Though price seems to have broken the daily trendline, it did not close below it. This is very important as it shows rejection, indicating buyers are willing to defend that area. Another observation would be the inverted hammer daily candle at the trendline. This candle pattern usually signifies price reversal especially when it appears at an area of interest like this one. This type of area is where I would be looking for an entry, but first I'll need to see a break of structure from the current corrective wave to take any buy position, so let's see what the 4 Hourly timeframe would say in the next section. I will only be bearish on this coin if price breaks and stays below the Daily HL (Higher Low) at 0.00978 price. As long as we're above that price line, I'll be dreaming Lambo. 4 Hourly Timeframe Now on the 4 Hourly, we can see falling wedge which is a reversal pattern. It's interesting because of where this falling wedge is forming. Looking at the price structure of the 4 Hourly timeframe we're in a downtrend market. So for me to take a position I would love to see a break of the 4 Hourly Lower High (LH) and a correction after that. It's in the corrective phase of the 4 Hourly that I would look for my entry signal. That said, if the 4 Hourly price action is not able to break the current 4 Hourly LH at 0.02188 then I'll not be interested in any buy position Note: I do not own NUB coin, and not planning to own it either. This here is just for education and learning purpose. My trading rule is simple, don't take position based on what you anticipate price will do, take position only when price does what you anticipate and presents you a point of entry.
Long
by youngbossy
5
Catalyst of the Bull Rally: "Retail"Understanding the Past When we examine the number of retail Bitcoin investors, we see that it stood at 43 million in January 2023. From that point onward, the number of individual investors increased steadily over 12 months, rising by 22% to reach 52.4 million, prior to the acceptance of Spot ETFs. Following the approval of Spot ETFs, this figure saw a slight decline, reaching 51.6 million by the end of February 2024. However, the "ETF Bull" rally, led by the momentum of Spot ETFs, pushed the retail investor count upward, peaking in June 2024 at 54.14 million. After this peak, a downward trend in retail investor numbers began. The Impact of Retail Investors on Price Historical data reveals a close relationship between the growth in the number of retail investors and Bitcoin’s price movement. Returning to January 2023, we observe that as the retail investor count rose significantly, Bitcoin’s price surged by over 300% in the same period. However, after reaching its peak in June 2024, the retail investor count plateaued, and Bitcoin’s price also struggled to reach new highs thereafter. Conclusion The rise in the number of retail investors remains a crucial catalyst for Bitcoin bulls. If this trend sees a strong resurgence, with retail investor interest growing substantially once again, Bitcoin's price could be poised to test new highs. Just as in the past, retail interest could provide the needed tailwind for Bitcoin; hence, renewed growth in the retail investor base may offer a vital opportunity for the next bull rally. Thanks for reading.
BLong
by Bullfighterr
10
Tracking Economy with this Ratio – Copper vs Gold RatioThe Fed is using the Copper / Gold ratio in tracking economy and its growth. Currently, the copper / gold ratio is still trending downward, which indicates that the economy may not be recovering that soon. Copper Oil Futures & Options Ticker: HG Minimum fluctuation: 0.0005 per pound = $12.50 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
COMEX:HG1!Long
by konhow
8
How to Read a Forex Quote: Bid, Ask, and Spread ExplainedSo, you’ve decided to jump into the forex markets and stumbled upon your first quote. Now you're staring at numbers like EUR/USD 1.0987/1.0990, wondering what these flashing digits mean. Don’t worry—we’ve all been there. Let’s break it down, TradingView style, and get you up to speed on forex quotes, bid-ask spreads, and why these tiny decimal points matter more than you might think. The Basics: What’s a Forex Quote? At its core, a forex quote tells you the exchange rate between two currencies. Think of it like a price tag for the money you want to buy or sell. In any quote, you’ve got two currencies: the base currency and the quote currency. For example, in EUR/USD , the euro (EUR) is the base currency, and the US dollar (USD) is the quote currency. This quote tells you how many US dollars it costs to buy one euro. Now the fun part: You’ll notice two prices next to that quote—the bid and the ask. Bid vs. Ask: What’s the Difference? When you see a forex quote like EUR/USD 1.0987/1.0990, you’re actually looking at two prices: Bid Price (1.0987): This is the price a buyer (broker or trader) is willing to pay for the base currency. In simpler terms, this is the price you sell at. Ask Price (1.0990): This is the price the seller (broker or trader) is willing to sell you the base currency for. In other words, this is the price you buy at. So, if you’re buying EUR/USD , you’ll pay the ask price (1.0990), and if you’re selling, you’ll receive the bid price (1.0987). Notice how the ask is always higher than the bid? That’s where brokers make their money. Which brings us to… The Spread: The Broker’s Cut The spread is the difference between the bid and the ask. In this case, it’s 1.0990 - 1.0987 = 0.0003 or 3 pips (percentage in points). Think of the spread as the broker’s fee for facilitating the trade, essentially acting as the middleman. The tighter the spread, the less you’re paying to execute a trade. For major currency pairs like EUR/USD , the spread is often pretty small (like 1-3 pips), but for exotic pairs (think USD/ZAR or USD/TRY ), spreads can get wider than your Uncle Bob’s waistband after Thanksgiving dinner. Why the Spread Matters for Traders Here’s the thing: spreads eat into your profits. Whether you’re a day trader or holding a longer-term position, the spread is something you need to bake into your strategy. Scalpers and day traders need tight spreads. If you’re making a bunch of small, quick trades throughout the day, every pip counts. Wide spreads can kill your profit margins faster than a rogue tweet from Elon Musk. Swing traders and position traders are less sensitive to spreads. If you’re in it for the long haul, a few pips won’t make or break your trade. But it’s still something to keep an eye on, especially when trading less liquid currency pairs. Market Conditions and Spreads Spreads aren’t fixed — ideally, they should be floating around in real-time dealmaking. They widen and tighten based on market conditions. During high volatility (like, say, a major economic announcement or a surprise central bank rate cut), spreads can widen. Conversely, during quiet market hours, spreads tend to tighten. To avoid getting fleeced by wide spreads, keep an eye on liquidity. Major pairs like EUR/USD , GBP/USD , or USD/JPY have higher liquidity, meaning tighter spreads. Exotic pairs? Not so much. You’ll pay more to play in the less popular markets. How to Use the Bid-Ask Spread to Your Advantage Here’s a pro tip: If you’re in a tight spread market, like EUR/USD during peak trading hours, you can place tighter stop-loss and take-profit orders, maximizing your profits with minimal slippage. In volatile markets with wider spreads, give yourself more breathing room, or wait until liquidity returns. How TradingView Does It On TradingView, forex pairs are displayed with a single price quote rather than separate bid and ask prices. This single price quote represents the midpoint between the bid and the ask. TradingView uses this midpoint, also called the last trade price , to better display price flow and make it simpler to analyze price trends without the fluctuation that would come from constantly updating bid and ask prices. For traders using TradingView to monitor forex prices, this single price quote allows them to focus more on price movements and technical analysis rather than factoring in the spread between bid and ask, which as we mentioned, is available with brokers since it's their bread and butter. So factor this in. The Bottom Line Going expert-level at bid, ask, and spread isn’t just forex surviving — it’s forex thriving. These tiny details can be the difference between making bank or watching your profits trickle away. Always factor in the spread when setting up trades, especially if you're trading lower-volume currency pairs or during off-hours. Ready to flex your new bid-ask spread skills? And win some prizes at the same time? Join our paper trading competition "The Leap" , starting November 1, and show everyone what you've got. $25,000 are up for grabs.
Education
by TradingView
4
$SOUN :Is Sound Hound AI the next small cap to SURGE?! 98% move!NASDAQ:SOUN Is Sound Hound AI the next small cap to SURGE?! I believe this stock is gearing up for a 98% move higher! So, let's dive into my video below, which talks about the NASDAQ:SOUN stock charting setup for a SURGE to the upside and how it meets my 5/5 trading setup! (My personal trading strategy) Not financial advice. Like ❤️ Follow🤳 Share 🔂 Comment what stock you want to see charting analysis on below.
NASDAQ:SOUNLong
by RonnieV29
24
DXY Descending Triangle predicts Bitcoin RallyIntroduction The simplest and most powerful long term relationship or indicator we have for the price of bitcoin is the DXY (the dollar index against a basket of other main currencies comprised of US trade partners). Therefore long term chart formations in the DXY can help crypto traders or investors make very profitable long term moves. Those that ignore this inverse relationship do so at their peril. Current analysis A pain view of the top chart shows two fat pairs of arrows that show when bitcoin went down and DXY went up. It also has two skinny arrows that show when DXY falls Bitcoin rises. Clear and irrefutable. What is up for debate right now is if the descending triangle I note is valid. There are several good DXY ideas out there right now but none seem to have taken this wider view: www.tradingview.com DXY Zoom In Everything is basically on the daily chart. DXY is actually at its 4th lower high and this current high is stalling right at the previous support of the double top of April to June, 2024. The indicators show clear hidden bearish divergence. For those that need a review, here is the simple divergence primer: Normal Divergence (Trend Reversal) Bearish: Higher highs on price action but lower highs on the indicator Bullish: Lower lows on price action but higher lows on the indicator Hidden (Trend Continuation) Bearish: Lower high on the price action and higher highs on the indicator Bullish: Higher low on the price action and a lower low on the indicator Hidden bearish divergence suggests the downtrend will continue and DXY will continue to fall. Weekly DXY Guess what? The weekly DXY looks like hell as well. This rising trend line was previously acting as support and is now acting as resistance. Conclusion I see no reason why the powerful and clear inverse relationship between dxy and bitcoin should not continue. Basically everything in the “anti-fiat” or “weak dollar” categories should act predictably while this descending triangle plays itself out. This trade or posture doesn’t require fancy indicators or complex theory. Just basic charting supported by some minimalistic indicators to add a bit of richness to the technical analysis and fundamental relationship between Bitcoin and the DXY. I am long crypto in one form or another. I have a coupe of rotations planed out for the next year. Wish me luck. Please see linked ideas for some other ideas that inform my current thinking.
BITFINEX:BTCUSDLong
by This_Guhy
31
Example of creating a trading strategy chart Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- To interpret the chart from a trend perspective, you can use the MS-Signal indicator. The MS-Signal indicator consists of the M-Signal indicator and the S-Signal indicator. Therefore, you can analyze the chart by checking the arrangement of the M-Signal indicator and the movement around it. The most important thing in chart analysis is support and resistance points. Therefore, if you do not indicate support and resistance points, it can be said that the chart analysis cannot be used for trading. - So, Fibonacci retracement and trend-based Fibonacci extension are widely used in chart analysis. I used the Trend-Based Fib Extension tool. I selected and displayed the low and high points pointed by the fingers. The selection of the candles pointed by the fingers corresponds to the inflection points of the StochRSI indicator. - If you connect these, you get a trend line. The important thing when drawing a trend line is to connect the high points of the StochRSI indicator by connecting the opening prices of the falling candles. When connecting the low points, you can connect the low points regardless of whether it is a falling candle or an rising candle. This is because I think it best expresses the trend and volatility period based on my experience using it. When drawing the Fibonacci ratio and when drawing the trend line, the selection points are different, so you should draw it with this in mind. - If it is drawn as above, you can see that the chart is ready to be analyzed. Since the channeling most commonly used in chart analysis has been formed, I think chart analysis will not be difficult. However, the above method is a drawing for chart analysis, so it is not suitable for trading. This is an important point. If you are good at chart analysis, but wonder why you lose money when trading, you should change the drawing of support and resistance points. Do not trade with Fibonacci ratios, but mark support and resistance points according to the candle arrangement on the 1M, 1W, and 1D charts and create a trading strategy according to their importance. - The chart above shows the support and resistance points drawn on the 1M, 1W, and 1D charts. To display this, we used the HA-High, HA-Low, OBV 0, OBV Up, OBV Down, BW (100), Mid (50), BW (0) indicators. To display the exact volatility period, we also need to draw a trend line on the 1M, 1W chart. The indicators that are important for support and resistance points are HA-Low, HA-High, BW (100), BW (0). Therefore, the point where the trend line intersects this point is likely to correspond to the volatility period. It is not accurate because it is displayed only with the trend line that was created right away, but I think it explains well how to display the volatility period. - If you display the volatility period like this and hide all indicators, you will have a complete chart that can be used for trading. - Have a good time. Thank you. --------------------------------------------------
Education
by readCrypto
4
HOW And WHY The Markets MoveIn this video I explain HOW and WHY the markets move. At it's core, trading is a zero-sum game, meaning that nothing is created. There must always be a counter-party to any trade, after all it is called "trading". Because of this, liquidity is the lifeblood of the market and it is what is required by all participants, albeit more for the larger entities out there. In order for these larger entities to trade, they must do so in stages of buying and selling, and not all in one single position like we do as retail traders. They buy on the way down, and sell on the way up, throughout many different time horizons. Therefore, they require price to be delivered efficiently in order to sustain this working machine. I hope you find the video somewhat insightful. Regardless of your beliefs, I think it can be agreed that these two principles are what drives the marketplace and it's movements. - R2F
OANDA:WTICOUSDEducation
by Road_2_Funded
7