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Crypto Frenzy: Elon Musk's Impact on Bitcoin and DogecoinCryptocurrencies are skyrocketing just 7 days before the presidential election, and many people are wondering why. The answer, which should come as no surprise, is of course, Elon Musk.The reason is a perfect storm of sorts. Musk’s increased prominence as he campaigns for Donald Trump, his recent comments about cryptocurrency, and his potential role in a Trump administration (should Trump win) are all driving up the price of Bitcoin as well as Dogecoin and a number of other meme coins.Dogecoin, a favorite of Musk’s, was up 9.7% on Tuesday. This comes after the tech billionaire said at a Trump political rally in Pennsylvania that he’s not “actively involved” in crypto: “I just like Dogecoin.” The billionaire founder of Tesla and Space X and owner of X has a long history with Dogecoin, which he first promoted in 2021 on Saturday Night Live, causing the price to spike, only to plunge afterward. (The meme coin’s price has gone up and down based on Musk’s comments since.)Musk, who has been actively campaigning for the Republican nominee and raising money for Trump, has also said he would be heading the Department of Government Efficiency, dubbed DOGE, if the former president is elected. That has also contributed to the frenzy, leading to a more-than-20% gain in Dogecoin over the past seven days, and 33% over the month. Meanwhile, Bitcoin, which is the largest cryptocurrency by total market capitalization, was up over 4.4% on Tuesday, seemingly swept up in the excitement. It’s now trading just short of its March record high.
by Market-Analyzer
Audjpy signalAfter the release of strong employment data from Australia, the AUD/JPY currency pair increased by more than 100 dollars. Considering the interest rate differential between the two countries and the lack of further rate hikes in Japan, the likelihood of the first scenario is higher. The second scenario is more likely if the market becomes risk off, leading to the rise of safe-haven currencies like the Japanese yen. In that case, we would expect to see a decline in the AUD/JPY pair down to the bottom of the triangle pattern. Target for the first scenario (long trade): 101.425 Target for the second scenario (short trade): 99.705
Long
by Market-Analyzer
Why Chinese Stocks may be risky for the time beingRecent moves by the Chinese Government - termed "Three Arrows", facilitated a decrease of interest rates among various other changes of policy made for loans, borrowing and payment etc. This cumulated action signalled to investor's that China was reopening its economy, thus leading to a huge surge in investment in Chinese Blue Chip stocks, and the entire stock market in the region, including the Hong Kong Market. However, as stocks surge in price with increasing volume, it must be noted that they have been over-bought - 20-30% growth on average before the policies are even put in place. For instance, stocks like the HK exchange itself HK:0388 experienced a doubling in price. This, along with the fact that ETFs of the Chinese markets in Singapore and Taiwan both received much more purchasing power than even the Chinese markets themselves, highlight a significant irrationality in the markets right now. Considering the correction in trends recently, it would not be advisable to purchase stocks in the Chinese markets right now.
HKEX:1398
by AlphaTigerInvestments
$EUIRYY -EU YoY (CPI) source: EUROSTAT The inflation rate in the Euro Area declined to 2.9% year-on-year in October 2023, reaching its lowest level since July 2021 and falling slightly below the market consensus of 3.1% . Meanwhile, The Core Rate, which filters out volatile food and energy prices, also cooled to 4.2% in October; marking its lowest point since July 2022. However, both rates remained above the European Central Bank's target of 2%. The energy cost tumbled by 11.1% (compared to -4.6% in September), and the rates of inflation eased for both food, alcohol, and tobacco (7.5% compared to 8.8%) and non-energy industrial goods (3.5% compared to 4.1%). Services inflation remained relatively stable at 4.6%, compared to 4.7% in the previous month. On a monthly basis, consumer prices edged up 0.1% in October, after a 0.3% gain in September.
ECONOMICS:EUIRYY
by Mr_J__fx
Gold : Buyers need weak data from USAFOREXCOM:XAUUSD 🌘Gold buyers trying with 2346 Support level which is in the past used as support and resistance level. 🟣Gold goes up past week because of GDP and Unemployment calims weak datas. 🔵The expectation todays JOLTs Job Openings from 8.488 decrease to 8.350 also JOLTs Job Quits 3.329 decrease to 3.200. 🟡Decrease more than forcast Job Openings could effect to Consumer Confidence and Wage growth and Disposable Income. 🟢By the way Investors should consider to Quit job data because downtrend in Quit job shows doubt in the labor market. ⚪Weaker conditions in the labor market may push FED to take less Hawkish stance on Intrest Rates. 🔶 Supoort levels: 2331 , 2321 💤Weak rsistance: 2339 🔷Resistance level: 2346
FOREXCOM:XAUUSD
by TheApolloo
Basic Technical and COT Analysis on AUDUSD ShortAUDUSD Short Late/Re-entry Price has come back down to the last swing low/base made before what was essentially a two week bull run. We have broken past this area and come back to retest it. When price came back to retest this key zone, we saw it touch the 61.8% fib retracement level. Non-Commercial traders, as can be seen through COT filings, are a majority short AUDUSD. 128,816 short positions are currently held by Non-Coms vs 49,640 longs. Latest COT filings do show a slight increase in Net Positions (Longs-Shorts) compared to the previous. Possibly due to profit taking by Non-Commercials. Commercial Traders, who are in most cases contrarian to price, are a majority long. Commercials have 129,292 long positions open vs 39,515 shorts. My original entry was around 0.65491 on the 21st of Feb close. My SL was at 0.66249, just above what was then the swing high, but have now moved to 0.66008, just above the latest swing high.
Short
by DedoAUS
CYCLONE GAINING MOMENTUMCyclone Protocol had learned some valuable lessons about tokenomics but overall this project has high potential. Privacy features when applied to the appropriate business environment and use case are in demand. Many investors steer away from them but look at Horizen, still growing in TVL and applying swift changes to maintain compliance. Cyclone has a very low supply and this will also attract smart money, question is can it get the hype it needs to revisit its all time highs? I believe so, and at the current price the risk is not high enough to deter me from buying into its potential. As we come down to test the 20 MA on the RSI, if the volume signals strength there will be opportunity for big gains. $17.50 - 19.50 CYC buy zone Target 618 Fib with high volatility on upswings Low market cap and low supply provides excellent trading with high gains while supporting the resurrection of a great project that always delivers value to their community.
CLong
by onchainanalysis
2
Gold Long to 2000Monthly resistance for gold is around 2050. I think in time, hopefully by month end gold will be back up at this area. Following on from the news, Biden has sent $100m to Palistine as aid. This will effect the dollar price, and theoretically push gold further up. We have seen strong bullish movement with gold, Powells speech yesterday has caused a nice rise too. Currently im basing most of my trades and strategy soley from news. I use OBs and FVG, but co ordinating this with fundementals, we can clearly suggest gold will not come down anytime soon. Especially as the war in Israel is current.
TVC:GOLDLong
by xEthan
1
$TWTR -'X' FLEX- NYSE:TWTR (X) occurred on a Monthly Resistance Trendline being broken-out TA speaking. Well, fundamentally didn't go as well. The recent name change wiped out a lofty 4$Billon Dollars and more the size of it on Brand Value. It's a mix in between TA and Fundementals from here. Still sitting on the sidelines aiming for TP1 and more long term. Buying shares(investing) or longing derivatives from here is quite Risky. The confirmation of Resistance Trendline Breakout alone can be enough for someone. However, entry here requires at least a Stop Loss of 10% ; and that's only the recent Higher Low from the current uptrend break-out Market Structure. More confirmations ahead to the *D (CHoCH) awaiting how price will perform. Looking for Entry aiming at TP levels at Wave C correction from impulse(breakout uptrend) Patience is Wealth. TRADE SAFE ! *** Note that this is not Financial Advice. Please do your own research and consult your own Financial Advisor before considering partaking on any trading activity based solely on this Idea.
NYSE:TWTRLong
by Mr_J__fx
$APPL -Buy Opportunities - Apple Inc. ($APPL) nearing Support Trendline of its Rising Channel. Looking for long opportunities in the short-term, remaining positive TA speaking until the upcoming Earnings Report. Until 3rd of August positive momentum has captured $APPL ; (may be interreupted from Feds upcoming week Rate Hikes Decision) SL is adjustable from here, with the nearest point being the last Higher Low market structure, or the previous ATH depending on your risk apetite. Until the next one; trade smart TRADE SAFE *** Note that this is not Financial Advice ! Please do your own research and consult your own Financial Advisor before considering partaking any trading activity based solely on this Idea
NASDAQ:AAPLLong
by Mr_J__fx
2
Has FUD ended?Sunrun has been sold heavily after the news about SVB. I think FUD affected SUNRUN heavily. The chart is showing that we are at the support. Summer is near as well. We may see a recovery from here. Targets would be 24 and 28. Then breaking the wedge would be hudge! Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
NASDAQ:RUN
by WhaleGambit
SPY Getting Ready To Break DownI have not posted in a while. My goal is to post weekly updates. I incorporate several indicators for my market sentiment model, including interest rates, EM capital flows, and gold. All indicators are based on academic papers, most notably several by Wouter Keller. Sentiment Model Indicators: Interest Rates: Flipped defensive today EM: Defensive since Feb 2nd Gold: Defensive since Feb 2nd We are now in a defensive regime. Financial conditions are showing signs of tightening, with HYG being the leading candidate. Markets are coming around to the idea that inflation will be higher for longer (CPI, employment, etc), and earnings compression will need to take place. Technically, the SPY is forming a Wykoff distribution pattern. I am looking to take risk off before a breakdown lower to 380 over the next several weeks. A sustained rally above 418 will void the distribution pattern. Comments are welcome!
TVC:VIXShort
by SPY_VIX_TRADER
Ranging around abyss.Nice Sunday. Today, I developed another view with more data, at daily Index time frame . Bitcoins actually ranging between 2 Fib rings, very important for next trend decision. I am mentioning this territories about month and maybe result is very near. RSI and MACD are in conflict, while altcoins start follow BTC upside move. This usually happened at the end of waves, as we are in from of 4th. We can confirm, RSI is historically overbought, and MACD runs also into symetrical triange resistance, made by All time high. Would this trigger start of 5th wave around February, or this is different from 2008 stock market crash ? Very good question that nobody can answer. So I will monitor what will happen in a next weeks. Always with care and ready, Emvo. *This is not any financial advice.
BNC:BLX
by Emvo10
2
Martin Luther King Jr. Day - Market AnalysisKey events: US – Martin Luther King, Jr. Day UK – BoE Gov Bailey Speaks The recently released CPI is prompting investors to question the Fed's plans to raise the overnight rate above 5%. The market doesn't seem to care, and after this data coincides with the forecast, yields are falling across the curve. Thus, 2-year Treasury yields have fallen to their lowest level since October, with room to fall substantially. If the Fed really does intend to raise rates that much and maintain tight financial conditions, then it appears that the market is not listening to the central bank and not paying attention to what it wants. This only suggests that the Fed's forward guidance is no longer working. The Fed will have to dig into its toolbox to convince the market that it is serious. The central bank may have to talk about accelerating the pace of balance sheet reduction or outright sales of treasuries and mortgage-backed securities. The market indicates that the Fed's interest rate hike cycle is coming to an end, with the belief that the central bank will be forced to cut rates as soon as 2023. However, the Fed continues to insist that it plans to raise rates above 5% and leave them high and financial conditions tight for a long time. The 2-year Treasury yields fell to their lowest level since early October. This is the first weakening in months. Apparently, the rate cut is now embedded in the quotes of not only the federal funds rate futures market. As a consequence, the Fed will be forced to use balance sheet talk as a last resort to ensure that rates remain elevated and the dollar remains strong enough to prevent a stronger-than-acceptable Fed easing of financial conditions. The market, on the other hand, is trying to figure out how much pressure it can put on the Fed to maintain tight financial conditions. If the central bank is serious, sooner or later it will try to fight back. Otherwise, the Fed will lose control of the public discourse and won't be able to tell the markets what direction it thinks they should go. Talk of a higher overnight rate is no longer having the desired effect, so the next option for the Fed is balance. If it doesn't use that option, the markets will take it as a signal that the Fed is okay with easing financial conditions and thus gives the markets permission to continue the rally.
TVC:US02Y
by FOREXN1
7
BULLISH ON EURCAD. SWING TRADEEntry: 1.4455 TP 1.4665 SL 1.4380 Vice-President of the European Central Bank Luis de Guindos stated that he believes the actions taken by the ECB so far has not been sufficient. ECB policymaker, Peter Kazimir pointed our that restrictive rates and strong action are necessary and should be in place for a longer period. At least in the first half of 2023. Also said that any recession resulting from this plan will be short and manageable. The current sentiment is mixed. As increasing rates for the euro may contribute to the recent uptrend, but it is uncertain whether markets are completely pricing in the hawkish tone
Long
by ErnieTrades_
NEWS FLASH BREAKOUT FROM THE TOILET NEWS FLASH: Mr. HAPI. (AKA “NO FEAR” ) Armed with an excellent narrative and solid fundamentals, has had enough of this trash talk from all these TAs and is making his dramatic move outta the toilet and upward to his rightful place among the Gods of crypto projects. He’s a scrappy little fu*ker and won’t take no for an answer, especially from that old, useless, good-for-nothing spud BTC. He knows that every project needs his technology badly or else they face the fate of becoming a cheap whore of Do Kwon or even worse that pimp Sam Bankman-Fried and his stone-ugly girlfriend. “Toilet life is not for me. Do I look like those two old tarts, ADA and DOT who promise everything and produce nothing ? Not me Baby, I will move so far up, that I will make that broken Solana look like he rides the short bus to school. Tradingview will be begging me for an interview on their hands and knees and the SEC can kiss my skinny white ass. Just wait until I launch my AI upgrade, I will calculate faster than CZ counting his tax-free $1000 bills being churned out at Binance in his head office that doesn’t really exist.” My opinion here is that if HAPI can do half the things it claims it can do AND decides to invest a few dollars into marketing, the unwashed masses should soon get an idea of the value of the project and the price will move accordingly. because the crypto universe has no shortage of bad actors, scammers and hackers. You could probably think of HAPI as anti-virus software for the crypto universe. Do you like that Internet/Crypto analogy? OK, that’s it, I have a turkey to cook. The Sublime Prince Toronto, Canada
Long
by WMWToronto
1
Good Price Action Triangle in 1DTF! Trident.***The above is simple the price action formed in 1DTF. >The Supports are numerous... They are 5 good supports! >The Resistances are 4... The 4th resistance almost took the 3rd one indicates the bullishness in the trend! >The Trident is Textile stock which has the scope of showing the good numbers in coming Quarters due to Christmas is also a point to be considered. >The good accumulation is what I can see now, may be to give a good Break Out. >The the risk to reward is 2, do Swing Trade and trail the stoploss once the R:R is captured. ***Trade and comment if any doubts in analysis, Thanks!
NSE:TRIDENTLong
by AxionAjay
GOLD: FUNDAMENTAL ANALYSIS AND NEXT TARGET - LONG For more than a month now, the price of gold has been trending upward, having risen by more than 10% since the beginning of November. Naturally, this raises the question of whether a new peak is coming, or whether the precious metal will continue to rise over the next year. The prospect of inflation in early 2023 may cause investors to look for a place to store their wealth. But there are things central banks can do that could disrupt trends. In order to try to suggest whether gold prices will continue their current trend, it is important to get a sense of why they have behaved this way so far. While a number of factors can be pointed to, the biggest contributor is the decline in the dollar. In fact, since the beginning of November, the dollar has lost 8.5% against a basket of currencies. This suggests that if we want to know if the current trend in gold will continue, we have to see if the dollar continues to weaken at the end of the year. The dollar is losing ground mainly because investors are beginning to believe that the Fed's emergency tightening is coming to an end. Last year the dollar was more attractive than other currencies because the Fed was the most aggressive of central banks in trying to rein in inflation. This meant that holding debt in dollars was more profitable than in other currencies. But as the Fed begins to "retreat" from its aggressive stance, other central banks are expected to gradually catch up. The dollar's primary advantage is expected to wane in the coming months. Then there is the question of what happens in the first half of next year, when, according to most economists, the U.S. economy will fall into recession. And not one of those technically, debated definitions earlier this year. Will the Fed hold firm to higher interest rates during the recession to bring down inflation? Or will they succumb to political pressure and begin easing to support the economy? The dollar's weakness is exacerbated by a resurgence in risk appetite thanks to China appearing to be moving away from its tight quarantine restrictions. This could help the global outlook as China may return to buying more raw materials and supply chains could be loosened in the coming months. A stronger global industrial base, along with a weaker yuan, could help lower inflation and ease some recession fears. Markets are pricing in a 50bp Fed rate hike in December, a recent rate cut. This will allow the Fed to raise the rate by 25 bps at the end of January. Then there is the possibility of another hike in the first half of the year, which would leave the final rate at no more than 5.0%. Thus, if the Fed speaks next week and the markets rally late in the year, gold could continue its upward trend in the short term. But if the Fed continues the rhetoric of a rate hike, especially in light of the shiny jobs data, the dollar could gain some ground. And gold could shake out a bit.
OANDA:XAUUSDLong
by FOREXN1
2