BTC Dominance Structure Today I leave you with a rather interesting comparative analysis, introducing the much-studied and used concept of market capitalization dominance, in our case of Bitcon versus the rest of the crypto market.
The graph structured by TView gives us in this case a percentage of market dominance, that of Bitcoin against altcoins,
ideal for establishing migrations from bitcoin to altcoins according to their profitability at certain times or vice versa.
In general, it is well known that altcoins take a little longer than bitcoin to raise their prices, but when this happens they skyrocket above their profitability,
in the case of falls it is similar but inversely if bitcoin falls the alts tend to have much larger falls.
The comparison that we bring today with the graph in red shows us the concept of numerical dominance, without percentages, in this case the amount in the top 80 Cryptos that are in annual profitability above Bitcoin.
A very interesting concept that we will develop further in further analysis.
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Hoy os dejo un análisis comparativo bastante interesante, introduciendo el tan estudiado y usado concepto de dominancia de capitalización de mercado, en nuestro caso de Bitcon frente al resto del criptomercado.
El gráfico estructurado por TView nos da en este caso un porcentaje de dominancia de mercado, el de Bitcoin frente a las altcoins, ideal para establecer migraciones de bitcoin a altcoins según su rentabilidad en ciertos momentos o viceversa.
Por lo general es bien sabido que las altcoins tardan algo mas que bitcoin en levantar sus precios, pero cuando esto se da se disparan por encima de su rentabilidad, en el caso de las caídas es similar pero a la inversa si bitcoin cae las alts tienden a tener caidas mucho mayores.
La comparación que traemos hoy con el gráfico en rojo nos muestra el concepto de dominancia numérica, sin porcentajes, en este caso la cantidad en el top 80 Cryptos que se encuentran en rentabilidad anual por encima de Bitcoin. Un concepto muy interesante que desarrollaremos más a fondo en nuevos análisis.
Growth
TAL1T forming a nice cup and handle There has been significant insider buying in Dec 14th 2022 and also the passenger count has increased 80% in 2022 compared to 2021. Despite shareholders being diluted during covid and the company struggling during covid times, the recovery and the future looks good for Tallink and the revenue and profit are getting back to pre covid levels. This might be a good time to buy, as the stock could rally up to 40-50% in the coming year.
The technical also looks good forming a cup and handle pattern, should be a good time to accumulate, the rally might start with the price breaking above 0.55 and might test the resistance at 0.60 and 0.68.
STILL BEARISH ON S&P 500From past analysis of mine, which I was heavily bearish on Stocks due to fundamentals implications like the rise in interest rates and the loss of Jobs, all of which makes the Stock market not a good place to pour in money to invest
Based on technicals, Price is simply accumulating. I reckon that price would form some sort of AMD formation. Price would manipulate it's way to the FVG and probably the Daily Brearish Breaker Block before distributing to the sellside Liquidity below the current Price
Study, Compare and contrast my past analysis on CURRENCYCOM:US500 to this current one.
ETHUSDT - Break Out (Short Term Fun)From Dec 28th and onwards we see intense consolidation... its in the earliest hours of the New Year we see Eth in trajectory for a breakout. It would be interesting to see if current levels held. I like the probability of it rallying on the day beyond $1280--$1330 in price, that is where i have my hopeful eyes steered. However I'm quite content to get there in steps, I like a steady climb. . Its the start of the New Year and the whales will be getting their Fins wet w/ or without you.
The 1.8% bump for ETH/USDT, was an uptick in Market Cap volume reflective of $3Bn+ over a 2 hr time frame
It could be a good day for Ethereum hodlrs. The building on ETH is endless.
Lmao where are these so called "Ethereum" killers... Solana is down 95.3%
Technicals on the time frames indicate strong leaning towards it being a worthwhile hodl & I share similar if not the same sentiment
RoadMap:
Last year was Merge, this year is "SURGE" so upgrade 2023 will be in terms of scalability w/ sharding and rollups. As the gran daddy EVM other projects follow in its footsteps. We could see 100,000 TPS (if we're lucky)
Concurrent Ecosystem Chain Upgrades: The Verge, The Purge, & the Splurge
NFA/DYOR: Not your keys, not your crypto
Tesla price action down trendFundamentally, the company is strong. From pandemic till now its earnings just keep growing.
Hence the company itself continues to make money.
Price action, however says its downtrending which makes sense in that Elon did sell off a lot for twitter.
Once that normalises, the price action will again follow the fundamentals.
As long as Elon is the lead, I can firmly believe tesla will continue to do good as it leads in continuous innovation.
If you're in long term investing, expect heavy bullish sentiment. If you're a trader, then ride the down trend.
Usd Chinese yuanAll information priced in the price.
China has one main issue and that is how to deal with covid because it seems to repeat.
China has hopes as it can still bounce to the ceiling, but what ever policy is set; drives their economy.
Here's my prayers to the Chinese. Zero covid isn't working because people get sick, but they also get stronger.
Exercise and vaccines help. China should consider assistance from the US on how to get back to normal.
Presearch Holder/Price divergenceI've been following up with the project for a few years now, patiently watching developments and keeping track of their growth.
- Team/Project survived previous bear market.
- Project has +4M daily searches
- From 500M supply, around 250M are being staked
- There are around 70000 nodes servicing the system in a decentralized manner worldwide.
- Still waiting for trend reversal on daily (TSMA-50-100-200)
- Number of new wallets and holders started growing faster than usual since Sep 2022 (diverging from price movements)
- While there's always room for more pain, selling pressure has been flattening since Jul-2023
- Technical developments are slow/steady, regardless market conditions, which shows resiliency from team/project.
Overall, I'm watching this closely, project has great potential, seems quiet undervalued at the moment, charts shows smart money accumulating during this pain period, and the token is getting more scarce as the liquidity crunches unfold.
*I'm not an expert and this is not financial advice, do your own "Presearch".
* Be advised, this is highly volatile region we are due to low liquidity.
Show your love if you want to keep following Presearch developments with me.
TSLA REBOUNDS OF 105!!!!TSLA having a massive buy presence in the premarket this morning. Could this be a sign good things are coming? I think not, over the last 5 trading sessions TSLA dropped a eye watering 21% !!!
Here are some factors of why TSLA has declined a MASSIVE 72% this year :
Inflation -> Fed tightening -> Risk-off assets looking more attractive
Elon has sold $23bn worth this year alone to finance the twitter acquisition. If advertisers continue to flee, he will need to sell more to finance debt payments from LBO.
He has pledged not to sell anymore till 2024
There have been large concerns from major investors around Elon's time commitments as CEO given Twitter acquisition.
Fears of a global recession next year are causing concerns around luxury car demand. Consumers will be reluctant to spend $80,000 on a new car with used car prices tanking.
No $30,000 Tesla car yet.
Concerns about Chinese demand given COVID cases and lockdowns hurting demand for luxury vehicles.
No wide FSD rollout, No Cybertruck
Ouch......
AUDJPY SHORTDXM : 46% LONG = Still high !!!!!!! Most of retails are still LONG, think in the other side.
Seasonnality : neutral then bull during january but SHORT accordy to the "pattern prediction".
COT Strategy : AUD is reaching a strong resistance around -5 on the COT history Chart AUD.
No FLIP.
Sentiment score :
Daily sentiment : Negative thanks to China covid policy...
Supply/Demande area :
We're on a strong resitance of 89.23.
Support/Resistance :
Strong resistance at 83.23 on DAILY.
Trend :
Under all SMMA = Bearish
Economic News :
*Rapid reopening movements, easing of policy. Are we going to see economic recovery? Morgan Stanley says YES! And raised its 2023 China GDP forecast to 5.4% from 5. But in reality...it's not for today.
*China realizes that opening up is doing too much harm and even though quarantine is no longer mandatory as of January 8, 2023, hospitals, deaths and cases are exploding (not good). There is a good chance they will reverse their decision so this indicates AUD SHORT. If no recovery in China = AUD weak because no or less exports to China since there is less demand.
*Less growth in China means les importation and an impact on the AUD.
The Bank of Japan, in a move that surprises the market, is extending the cap on the control of the 10-year yield curve to 0.50% instead of 0.25% previously. In other words, it is starting to be more hawkish, although it still maintains a strong control. The yen is strengthening and the Nikkei is falling.
GBPCHF SELL**Fundamental view :** the British pound could be the main victim of a strengthening euro, "as the Bank of England (BoE) is closer to the end of its tightening cycle than the Fed and the U.K.'s large current account deficit makes the pound vulnerable in a global slowdown.”
Pound Slumps as BoE Forecasts Recession for UK
The Pound (GBP) was initially boosted by stronger-than-expected GDP figures on Monday. Persistent expectations of a recession kept GBP’s upward movement limited, however.
Mixed jobs data on Tuesday largely weighed on the Pound. A rise in unemployment undermined a bump in wage growth. This, along with a drop in inflation on Wednesday, saw markets pare back their BoE rate hike bets.
Thursday’s interest rate decision from the central bank pulled Sterling lower. Dovish forward guidance alongside the **50bps interest rate hike** dented confidence in the Pound.
Finally on Friday, an unexpected slump in November’s retail sales deepened GBP’s losses.
****"We therefore think short GBP/CHF is the best relative value expression of policy divergence essentially long EUR/GBP with a “BTP hedge” - Goldman Sachs.****
UK bonds slumped on speculation a wave of extra supply will drive down prices as the Bank of England prepares to push on selling its sovereign holdings at the start of the new year.
Yields on 10-year gilts jumped as much as 16 basis points to 3.48% on Monday, the highest since early November
**Central Banks view :**
Actual is **3.5%** but more to come. The BoE, which is battling double-digit inflation that has unleashed a cost-of-living crisis that is pushing the economy deeper into recession, ** (www.reuters.com)** by a combined **325 bps in 2022** alone to their highest since late 2008.
UK rates began rising in December 2021, making the BoE the first of the world's major central banks to kick off a monetary policy-tightening cycle.
This is to a financial advice, just my own analysis.
ECONOMIC CYCLE & INTEREST RATESHello traders and future traders! The state of an economy can be either growing or shrinking. When an economy is growing, it typically leads to improved conditions for individuals and businesses. Conversely, when an economy is shrinking or experiencing a recession, it can have negative consequences. The central bank works to maintain a stable level of inflation and support moderate economic growth through the management of interest rates.
What is an economic cycle?
An economic cycle refers to the fluctuations or ups and downs in economic activity over a period of time. These cycles are typically characterized by periods of economic growth and expansion, followed by periods of contraction or recession. Economic cycles are often measured by changes in gross domestic product (GDP) and other economic indicators, such as employment, consumer spending, and business investment.
Economic cycles can be caused by a variety of factors, including changes in monetary and fiscal policy, shifts in consumer and business confidence, and changes in global economic conditions. Economic cycles can also be influenced by external events, such as natural disasters or political instability.
Understanding economic cycles is important for businesses, governments, and individuals, as it helps them anticipate and prepare for changes in the economy and make informed decisions about investment, hiring, and other economic activities.
How is an economic cycle related to interest rates?
Interest rates can be an important factor in the economic cycle . During a period of economic expansion, demand for credit typically increases, as businesses and consumers borrow money to make investments and purchases. As a result, interest rates may rise to control the demand for credit and prevent the economy from overheating. Higher interest rates can also encourage saving, which can help to balance out the increased spending that often occurs during an economic expansion.
On the other hand, during a period of economic contraction or recession, demand for credit tends to decline, as businesses and consumers become more cautious about borrowing and spending. In response, central banks may lower interest rates to stimulate demand for credit and encourage economic activity. Lower interest rates can also make borrowing cheaper and more attractive, which can help to boost spending and support economic growth.
Overall, the relationship between interest rates and the economic cycle can be complex and dynamic, and the direction and magnitude of changes in interest rates can depend on a variety of factors, including economic conditions, inflation expectations, and the goals and objectives of central banks and other policy makers.
I hope you leant something new today!
Retest 18k for BTCToday is 11 of Dec and in 3 days we have the latest FRS event in this year.
My idea based on sentiment, fundamental and waves analysis.
Market expects 4,25-4,5, and in case of success we have all chances to test 18k level.
Following Elliott waves theory, we observe 4 growing wavers of 5, and the latest wave should be higher than 3. Then will be 3 waves of corrections.
Fall of USD as Global Reserve CurrencyIf you give someone a button to print money, they will press it
1,400 years ago the Roman republic inflated its currency until its empire collapsed
USD used to be backed by gold, but that ended in 1971
This allowed governments to print endless money
Hyperinflation is just a matter of time
The US government learned to overspend and print the difference
The debt is now $31 trillion and $100 trillion in liabilities
The only way out is printing more money
But destroying the savings and hard-earned tax money of citizens
Global reserve currencies change every 90 years
So, Monetary Switch is inevitable
Checkout Venezuela's 2013- mid-2020 Inflation data
The paper that is used to print a dollar is not actually worth a dollar.
The paper does not have value, it simply represents the value. It is not money because it holds no individual value.
To take it a step further, dollars are actually the OPPOSITE of value.
Dollars are debt. A dollar is a PROMISE to pay back debt. The U.S. is over a trillion dollars in debt. A trillion is “1” followed by 12 zeros. It’s a thousand billion. A trillion seconds is 32,000 years. A stack of $1 bills would be 68,000 miles high. So how do we pay back such monumental debt?
Taxes. It’s painful, but it’s obvious.
So, the dollar is the PROMISE of the U.S. government to pay back over a trillion dollars of debt by taxing its citizens. And, to kick you while you are down, the debt is still growing.
The dollar is actually debt.
That is why the smart rich don’t work for dollars, they work for assets like BTC and GOLD
Thank You for Reading. Like and Share!
DXY Up from U.S. Nonfarm Productivity & Crude Oil www.investing.com
DXY Reject Support at 103.5 area and heading to 106-107 area of the first resistant
As USA 7 Dec
API Weekly Crude Oil Stock Actual -6.426M Forecast -3.884M Previous -7.850M
Crude Oil Inventories Actual -5.187M Forecast -3.305M Previous -12.580M
Nonfarm Productivity (QoQ) (Q3) Actual 0.8% Forecast 0.6% Previous 0.3%
Source: www.investing.com
www.investing.com
GBP RICS House Price Balance -25%GBP Could potentially break through support at 1.2150 area and make it to 1.20500
Due to 7ppm est time (Report) U.K. RICS House Price Balance:
Actual -25%/ Forecast -10%/ Previous -2%
A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.
Source: www.investing.com www.investing.com
BTC - What December Holds HistoricallyHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
In today's analysis, we take a look at Bitcoin over Decembers from the past. Which direction does the price usually go, bullish or bearish ? It's no surprise that it seems to be a near equal amount of months up vs. down. Over the 11 months observed, we notice 6 green Decembers and 5 red Decembers. This makes probability near equal. However, we could take a look at a few other interesting observations:
💭 Highest increase for Bitcoin was +58.92% when the lowest decline was only -33.15%
💭 More often than not, two months of the same color follow
💭 The biggest yearly increase was during December 2012 - December 2013 with a whopping yearly increase of 9,899.19%
💭 The second biggest increase after that was from Dec 2016 - Dec 2017 with +2,681.15%
💭 The biggest yearly decline was from December 2017 - December 2018 with BTCUSD losing -84%
The crypto winter that started in December 2018 was one of the worst yet... But with the industry under pressure, could this year be the new record? IF BTCUSDT were to drop to $11 000, that would be a -81% decline from last December.
From all the above... Which way do you think the price will go during December 2022 ?
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BITCOIN PROJECTIONS 2030Bitcoin to the moon 2030!
I build my analysis based on HIGHS & LOWS at any timeframe; but mostly the long term lately (1H, 3H, 6H, 12H, D, 3D, W, M, 3M, 6M and Yearly).
• Time + Volume = Trend
I will break it down the best possible way.
Any questions?
BINANCE:BTCUSDT BINANCE:BTCBUSD
CME:BTC1!