FinNifty Support and Resistance Levels For 8th Nov 2024I’ve created a chart highlighting the key support and resistance levels for #FinNifty, designed to help traders make informed decisions.
These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points.
Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence.
Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
Fundamental Analysis
Sensex Support and Resistance Levels For 8th Nov 2024I’ve created a chart highlighting the key support and resistance levels for #Sensex, designed to help traders make informed decisions.
These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points.
Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence.
Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
Nifty Support and Resistance Levels For 8th Nov 2024I’ve created a chart highlighting the key support and resistance levels for #Nifty, designed to help traders make informed decisions.
These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points.
Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence.
Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
BankNifty Support and Resistance Levels For 8th Nov 2024I’ve created a chart highlighting the key support and resistance levels for #Banknifty, designed to help traders make informed decisions.
These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points.
Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence.
Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
USDCHF Analysis Today: Technical and Order Flow Analysis !In this video I will be sharing my USDCHF analysis today, by providing my complete technical and order flow analysis, so you can watch it to possibly improve your forex trading skillset. The video is structured in 3 parts, first I will be performing my complete technical analysis, then I will be moving to the COT data analysis, so how the big payers in market are moving their orders, and to do this I will be using my customized proprietary software and then I will be putting together these two different types of analysis.
Bitcoin era has arrived!There have been many thoughts about Bitcoin’s collapse before, including now.
But I have always believed that Bitcoin will rise, because cryptocurrency represents the times, and Bitcoin is the representative of cryptocurrency.
Previously, many people, including many traders and analysts on this site, were not optimistic about Bitcoin due to the uncertainty about the outcome of the US presidential election.
But what I want to say is that by now you should understand the importance of Bitcoin and its value.
I'm sure you all have your own ideas on what to do next.
Good luck to everyone!
Growth + Float = Delta money gameSET:DELTA is the best performing large-cap stock since Covid time - the stock is the thiry-bagger from end of 2019 to today (7 Nov 24) - generating massive return to its shareholders and executives.
>> Not a new kid on the block :
Pre-covid, Delta had decent financial performance. The company consistently achieved revenue and earnings growth and was profitable through cycles. It's also a reliable dividend payer - deliver 3%+ yield to its shareholders.
Single-digit growth and contistent dividend payout were Delta's characterictics back in the old days. As such, DELTA P/E had been in the mid-teens.
>> I want it all
In 2018, Delta announced the voluntary tender offer deltathailand.com at the price of 71 Baht/share (Bt 10 par). The company said the tender offer aimed to strengthen Delta's manufacturing capabilities and sales support in Southeast Asia.
Tender process concluded in mid 2019, reducing the free float from 37% to 22% .
ETH eyes $4000 as Ethereum Foundation debuts Mekong testnet for The Ethereum Foundation has launched the short-lived 'Mekong' testnet ahead of the upcoming Pectra upgrade. The testnet includes several Ethereum Improvement Proposals (EIPs), such as EIP-7702 for UX updates, EIP-7251 for staking improvements, and EIPs for changes to deposit and exit mechanisms. It aims to engage wallet developers and stakers before the full Pectra upgrade. As the testnet goes live during DevCon Week (Nov 9-17), analysts predict a potential breakout for ETH, with Ethereum's price targeting $4000. The recent bullish sentiment surrounding the upgrade and Ethereum’s price momentum has driven ETH to a 3-month high of $2,800.
BTC - 4H fall for nowWhen it comes to market sentiment, a popular saying is, “When everyone is on the same side, it’s time to go the other way.” This concept aligns with the contrarian trading strategy, where savvy traders often position themselves in the opposite direction of the majority. Currently, with widespread excitement and optimism about a potential BTC bull run, it’s possible that we’re setting up for a correction rather than a sustained rally.
Historically, markets tend to pull back when optimism reaches a peak. For example, in 2017, as BINANCE:BTCUSD neared $20,000, the market sentiment was overwhelmingly bullish, yet that’s when BTC took a sharp downturn. Similarly, in early 2021, when Bitcoin was approaching $64,000 with much hype around institutional buying, we saw a significant correction that shook many investors.
In this context, the chart here shows MARKETSCOM:BITCOIN touching a strong resistance zone around the $76,000 level. With sentiment bullish and many expecting a breakout, BINANCE:BTCUSDT may likely trap some of this optimism and head lower first to “clear out” the overly crowded long positions. This potential pullback could lead to a more sustainable rally later after the excess sentiment has cooled.
BTC POST HALVING History doesn't repeat itself, but it often rhymes...
We're now in the post-halving part of the Bullrun, and we can look back into Bitcoins history to help predict what might happen next.
Typically A bull cycle lasts 1065 days from the low to the high with the halving event in the middle. If we use that same timeframe and apply it to this Bullrun we can expect the peak for BTC to come in early October of 2025.
Now we know that once BTC has had it's top, altcoins regain some of the market dominance in an "Alt season" which is often a manic period of profits from BTC being poured into increasingly risky projects until the whole thing comes crumbling down, which then leads too...
The bear market which historically lasts for a full year from top to bottom. The bear market comes when most people least expect it as they are so used to price going up, complacency and greed can cost you all of the gains made in the last 3+ years. It's also important to note that BTC routinely goes through 25-30% corrections on the way up, and this is where many fall down. Knowing the difference between a correction and a top is the difference between making it and roundtripping everything. Have an exit strategy, take profit at key areas, don't let greed win.
The Fibonacci levels can be very useful when a project goes into price discovery as well as big even levels, your 100, 150, 200's etc. When Fib levels line up with these big evens you can expect resistance and therefor look to protect your capital.
Bitcoin is very close to a breakout from the '21 ATH level, we've been above SWB:69K before but swing failed to hit $56K, I am still a little worried about the GETTEX:52K +VE Orderblock as shown in green, it would make sense to revisit that area at some point however it does depend on this current SWB:69K S/R level.
Is #ARKMUSDT About to Break Out or Break Down?Yello, Paradisers! Are we on the verge of a massive #ARKMUSDT breakout? Or is a sharp reversal looming? Let's dissect what could unfold for this token and the moves you should be prepared for.
💎#ARKMUSDT has been approaching minor resistance and building a high probability for an explosive breakout. So far, we’ve seen the price hold firm at the critical support level of $1.366. If bullish momentum continues to stay strong here, it could fuel an aggressive move upward. The recent price action has also aligned with a descending broadening wedge pattern, a well-known reversal indicator. Following a break of structure (BOS), the price retraced to a newly established bullish order block (+OB) and appears ready to initiate a fresh bullish journey.
💎For a bullish confirmation, #ARKM must decisively break past the minor resistance at $1.886. This breakout won’t be significant unless it's backed by clear bullish signals, like strong engulfing candles and persistent buying volume. As seasoned traders know, rushing into long positions on the first sign of a breakout is a gamble. Patience is key. We wait for concrete confirmation, not emotional reactions.
💎What if momentum falters? If #ARKM fails to clear the $1.886 mark, it will signal weakening bullish pressure, giving sellers an opportunity to step in. The next crucial level to watch is the lower Bullish +OB at $1.172. Historically, this zone has acted as a solid buyer defense line, and a rebound here could keep the bullish scenario intact. However, a break below $1.172 would invalidate this setup and could trigger a steeper decline, putting bearish scenarios on the table.
This is a pivotal moment for #ARKM, and the coming price movements will set the tone. Whether it leads to a breakout or a reversal, risk management will be your strongest ally. In this market, success comes to those who are disciplined and strategic. Remember: the market rewards traders who act smart, not those who chase every move impulsively.
MyCryptoParadise
iFeel the success🌴
Precious metals steady after sell-offPrecious metals have had a torrid time since it became apparent that Trump had won a clear victory in the early hours of yesterday morning. Gold broke below $2,700 and is currently hovering in a band of support which stretches between $2,635-$2,675. This area acted as resistance in the last week of September and the first of October. A break below here would set up a likely retest of $2,600. Just over a week ago, gold hit a record high of $2,790. Since then it has lost around 5%. It was always a concern that gold had manged to rally steadily from early June without any of the sharp, deep pullbacks that were such a feature of its trading pattern from earlier in the year. Well now there’s been one, with Trump providing the catalyst. The question now is whether there’s more downside to come, and if so, will that mark the end of the bull run , or once again provide an opportunity for the bulls to load up and go again? It’s too early to tell. But if it can find support and consolidate around current levels, then the daily MACD can reset at a less overbought area. If not, then gold will head lower to find stronger support. It’s similar situation for silver, with $31 now a level it needs to hold.
GBPCAD Analysis and Next Move - BullishPair Name = GBPCAD
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Details :-
GBPCAD is ready to get good volume now and it has completed the retesting period.
This is ready to break the main trend line. That is main indication of this next bullish wave. We can see more than 300 Pips gain in this move after breakout.
Bullish Targets :-
1.82500
1.83000
Can Gold Recover From The Price Losses?Donald Trump's election victory is shaking up the international markets. Gold was also affected, losing drastically in value and slipping well below the USD 2,700 mark.
Now the next big event is approaching with the Fed's decision tomorrow. We are bullish on gold, at least in the short term. The price reacted at a Fibonacci retracement and was able to halt the sell-off, at least for the time being. We assume that the gold price will now recover. Our price target is the lower edge of the very small value area of the entire downward movement to date.
Why We Think Ryde Group Ltd. (NYSE: RYDE) is InterestingSingapore's mobility is now en-route for multi decade growth, and this company, Ryde Group Limited (NYSE: RYDE) could be a multi bagger gem.
Here's why:
As Singapore’s population grows, reaching over 6 million in 2024, the demand for smarter, greener, and more efficient mobility solutions has never been greater.
Singapore is on a mission to become a ‘45-minute city’ by 2030, where everyone can reach key destinations within 45 minutes. This ambition drives innovation in public transportation, shared mobility, and electric vehicle adoption.
Enter Ryde Group Limited, a leader in carpooling, private hire, taxi services, and even delivery. As demand for flexible transport options grows, Ryde stands poised to benefit. With Singapore’s focus on sustainable transit, Ryde’s services align perfectly with the city’s vision for reduced emissions and more
With a diverse suite of offerings, Ryde meets the needs of commuters looking to save time, cut costs, and reduce their carbon footprint—all while enhancing convenience in Singapore’s fast-paced environment.”
Listed on the New York Stock Exchange, Ryde is ready to be a game-changer, bringing Singapore’s vision of seamless mobility closer to reality.
#RYDE #NYSE #FINANCE #INVESTMENT #STOCKS
Avg lvls for SPY:600, SPX:6000Continuing with the recent brief analysis on TLT:
The US stock market will inevitably face challenges when the clashes between populism and reality come to the forefront. Over the next 3 years, I expect SPY average price to maintain around the 600 level and for SPX it is 6,000.
Avg lvls for SPY:600, SPX:6000Continuing with the recent brief analysis on TLT:
The US stock market will inevitably face challenges when the clashes between populism and reality come to the forefront. Over the next 3 years, I expect SPY average price to maintain around the 600 level and for SPX it is 6,000.
Nasdaq’s New Record High: 20,977 PointsThe Nasdaq Composite has reached yet another historic milestone, hitting an all-time high of 20,977 on November 6, 2024. This latest peak underscores the continued dominance of the tech sector and investor confidence in growth stocks.
At BigAskMagnet Institute, we attribute this surge to several key factors:
Strong Earnings Reports from major tech players, including advancements in AI, cloud computing, and semiconductors.
Favorable Monetary Policy, with central banks moderating interest rate hikes, boosting equity valuations.
Geopolitical Stability in key regions, encouraging risk-on sentiment among global investors.
This new high surpasses the previous record of 18,983.47 set just earlier this year, showcasing Nasdaq’s resilience in a dynamic economic environment.
BigAskMagnet Institute continues to monitor these developments closely, offering actionable insights for traders aiming to capitalize on Nasdaq’s upward momentum. Stay tuned as we delve deeper into the implications of this record-breaking performance.
TLT UpWhy am I still expecting TLT to rise?
Let’s start with the fundamental reasons.
After the election, when we focus on Trump’s four main economic directions, it’s hard to think anything other than that we’re in for inflation growth, an increase in interest rates, and so on.
Specifically:
1. A 10-20% tariff on imported goods, and a sudden 60% on goods imported from China. This naturally points to price increases for goods, and we’ve already seen this kind of policy back in 2016. However, in the past eight years, many geopolitical perceptions have changed, and the US position in the global market is substantially different from what it was eight years ago. Some restrictions on certain types of goods might be possible, but applying tariffs across all goods? - I don’t believe so.
2. Income tax reduction. What does this mean? Yes, it’s a realistic but very low-weighted plan. In line with populism, there will be a reduction in taxes, but it can hardly have a significant impact on the overall US budget deficit.
3. Deporting immigrants. To some extent, it will have a minimal effect on the labor market. It’s important to note that immigrants’ labor is not generally secured within the US labor market anyway, and it’s unlikely that US residents would have greatly expanded opportunities in their place.
4. Growth in energy production volumes. It would be redundant to write long paragraphs on how this will have a positive impact on prices.
These four points sum up the populist promises. In another reality, the US Federal Reserve is successfully battling inflation; abnormally high rates only harm issuers, while European spreads are reaching historical highs. After the 1980s, Bond Vigilantes might be set for a return, which would pose significant problems for US Treasuries.
We’re waiting for the Fed’s press conference today.