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Listen to your eldersToday we will discuss the investment management conglomerate, BlackRock. They report earnings July 14 before the opening bell. BlackRock Inc. is one of the world’s leading asset management firms offering a range of risk management, strategic advisor, and enterprise investment system services. With about $7.8 trillion worth of assets under management (excluding money market assets), as of Sep 30, 2020, it caters to institutional, intermediary and individual investors. Their price action is an embodiment of their ability to execute. Listen to their commentary because it will be a huge indicator for the future of this market. BlackRock has more investing resources than any single entity. As the saying goes, listen to your elders
NYSE:BLK
by howdydany
1
BTC Consolidation... Then off to the moon! Bitcoin is consolidating at the same price range as it did back in January. Once we broke that STRONG Resistance, it flipped to Support while BTC Ranged up. Now that same critical level is back to being a Resistance Area. The longer a coin/token consolidates, the stronger the Breakout will be. Think of it as a wall, and the more times we hit it in a short period, the more likely it is to break. Right now, Bitcoin is coiling up, ready to strike. The bulls stepped in with force and held the line $29,500. If you are newer to crypto and just got into the market this year, then you've only experienced up, and this is your first significant drop. You won't ever forget this, I'm sure of it. Take the lessons presented during these events and forge them into your psyche as they will continue to benefit you over and over the longer, you stay in this market. Remember, the market must cause the most amount of people the maximum amount of pain. When you invest and pull a 2-3X, take your initial $ out of the position. Always cover your ass and manage your risk. For now, we stay range-bound from $30k-$42k. We are in no way out of the woods just yet, but we dodged a massive nuke in the market. Depending on what your strategy is, continue to DCA into BTC and strong adults. It's not about timing the market; it's about TIME IN THE MARKET.
INDEX:BTCUSDEducation
by PlanDeFi
EACO Trace: Bitcoin projection at $ 1,000,000This is a logarithmic projection of Bitcoin against USD called "EACO Trace", for the next All Time High of BTC (1,000,000 USD), where the price in its history moves in a bullish channel and tests its extremes with parabolic movements that are cut by a common secant formed by a range between the two parallel yellow lines, a secant that serves as a great support that was only violated on 03/13/2020 by the COVID 19 effect and was recovered on 11/09/2020. At the moment we are bouncing off it and on the brown 55 EMA, where in the worst case the price would enter the yellow channel to continue its bullish movement guided by the parabola until a price indicated with the red spaced line, of 1,000 ,000 USD.
BITSTAMP:BTCUSD
by EACO
3
Silver: Booms, busts and a new opportunity?In today’s educational article we will analyze silver’s historical boom and bust cycles through the lens of financial history but we’ll also provide a forecast for the future price of this asset. In the modern era of precious metals markets that began in 1971, silver (XAGUSD) had 2 previous bull markets that reached the fabled $50 USD level and then pulled back. We think that this current bull market that will unfold in the coming year/s has the power to break that $50 glass ceiling and reach an all-time high. First, we will look at some basic characteristics and things that set silver apart from its precious metal counterpart gold. Silver is similar to Gold in many ways: 1. Accepted as a form of money since ancient times 2. It must be mined, isn’t made out of thin air 3. Total global supply is limited But Silver has qualities that Gold doesn’t: 1. It has a myriad of industrial uses (batteries, dentistry, glass coatings, LED chips, medicine, nuclear reactors, photography, photovoltaic (or solar) energy, RFID chips (for tracking parcels or shipments worldwide), semiconductors, touch screens, water purification, wood preservatives) 2. There are few pure silver mines . Overwhelmingly silver is mined only as a byproduct of mining other metals, such as base metals (copper, zinc, etc.). The 1979-1980 Silver crisis In the era of high inflation with the Consumer Price Index (CPI) at the time reaching 10-12%, there were many books that recommended investments in precious metals and strong currencies to protect your wealth. Investors, in general, shared this view and the price of precious metals soared. Prices for silver rose from less than $10.61 an ounce in August 1979 to $52 an ounce in January 1980. Inflationary pressures from throughout the world pushed up prices. Herbert and Nelson Bunker Hunt, who were buying silver in previously unheard-of quantities, also had an impact on prices. The Hunts had attempted to corner the silver markets in 1973 with little success, but their trade in 1979 would rock the financial world. Bunker Hunt had about 21 million ounces of silver bullion and coin on August 1, 1979, as well as over 9,000 silver futures contracts covering another 46 million ounces of the metal. Bunker's brother, Herbert Hunt, possessed another 21 million ounces of silver and over 4,000 silver futures contracts. To acquire even more silver, the Hunts founded the International Metals Investment Co. It had accumulated over 8,400 silver futures contracts by August of 1979. When the Hunts started buying silver in 1979, they were billionaires. Nelson Bunker Hunt reportedly had a net worth of about $3 billion. Another $1.38 billion belonged to Herbert Hunt. When the value of the Hunts' silver investments surged to about $10 billion, their fortune grew significantly. Despite their affluence, the Hunts bought their silver largely with borrowed money. Several banks loaned the Hunts over $650 million to fund their silver purchases including Citibank, the First National of Chicago, and Dallas. Also, a big source of funding for the Hunts was Bache &Co which was the second-largest brokerage firm at the beginning of the 1970s. The silver market was disrupted as prices shot up rapidly. On November 30, 1979, silver was trading at just under $19. By January 3, 1980, its price had risen to over $38 an ounce. Silver prices peaked at over $50 an ounce on January 18, 1980. Under pressure from the CFTC, the Commodity Exchange, Inc. (COMEX), the primary futures market for silver trading, announced on January 21 that it would allow trading for liquidation only. The exchanges increased margin levels to 100 percent, which further dried up the liquidity in the market. Prices plunged after the exchanges took those actions. In one twenty-four-hour period, silver prices dropped from $39.50 to $10.80 an ounce. This generated massive margin calls on Hunt's positions. Margin calls had to be met in cash, and this strained even the enormous resources of the Hunts. They failed to meet $135 million in margin calls at Bache on March 26, 1980. Shortly thereafter, on March 28, 1980, the Hunts advised their brokers that they could not meet further margin calls in cash. That announcement threatened the financial stability of several large brokerage firms that had held Hunt positions, resulting in the “Silver Crisis.” The CFTC was among those pursuing the Hunt brothers. The Hunts eventually agreed to a permanent bar from trading on all commodity exchanges, and they were assessed with a $10 million civil penalty by the CFTC. The Hunts were the subject of numerous private actions in which large judgments were returned. They then filed for bankruptcy. The 2010-2011 Boom In April of 2011 Silver traded at $49.80 per ounce in the spot exchange at the New York market. The Gold/Silver Ratio was one of the criteria that many traders were examining. Some people felt that silver was undervalued compared to gold and that it would eventually return to its historical price parity of around 16 ounces of silver per ounce of gold. Despite the fact that silver had not been this expensive in terms of gold in 28 years, and despite the fact that Dollar prices had doubled in 6 months, some traders believed the move wouldn't be complete until silver traded above the $50 price level it had reached in 1980. The conditions for this bull market were very different compared to the boom of the 1980s. Thirty years later, the world economy was once again at risk. The US economy was still reeling from the housing crisis and the collapse of Lehman Brothers in 2008. Greece, Ireland, Portugal, Italy, and Spain have all revealed major financial issues, putting the Eurozone in jeopardy. In the United States, consumer confidence in the economy had remained at all-time lows. The news from Europe only added to concerns of a fresh financial catastrophe. Then, in November 2010, the Fed announced the start of a new cycle of Quantitative Easing. The US Mint set a monthly record for silver coin sales, only topped by the rise in private-investor demand in early 2011. As a result, many investors believed the Dollar was under siege. It became critical to seek safe-haven investments that would hold or expand in actual value during a period of sustained inflation. Meanwhile, there was news coming out of the silver market that seemed to support an optimistic long-term outlook on silver's industrial demand. For example, the solar sector began consuming substantially more silver than in prior years. Solar panel manufacture begins with silver paste, which necessitates a better quality of silver than is available on the wholesale market. As the sector's growing demand sucked in these 0.9999 fine bars, it drew a lot of attention. Because while there was no shortage of the more common 0.999 bars, there was a shortage of immediate supply of this higher purity. And because of the growing demand, and the coincidental rise in the silver price, the story stuck. Furthermore, as the narrative progressed, the enormous private-investor demand for tiny bars and coins in silver grew as a result of the global economic crisis, causing immediately available retail items to command larger premiums than those scheduled for delivery later. In February 2011, this trend continued in the futures market. When demand for physical items exceeds expectations, it can be difficult for producers to fill additional client orders rapidly. If supply becomes erratic as a result, it provides the impression that there is a raw material scarcity when, in fact, there is just a product scarcity. When the short-term risks were believed to have subsided, many investors reallocated their assets back into yielding (dividend or interest) investments such as stocks or bonds causing the price of silver to crash in the following months. Today… Inflation is historically bullish for silver and all commodity prices. We find ourselves in a low-interest rate environment (or zero) accompanied by a strong debasement of all currencies being done by central banks. Base metals, grains, oil, lumber have started a new boom cycle fueled in part by central bank policies, higher demand, and supply bottlenecks caused by the pandemic. Based on the monthly chart we believe that Silver made the first impulse to the upside after reaching $11 in March 2020. It rallied to $29,90 in a couple of months reaching the top in August 2020. From August to the day this article is written (June 2021) it is still consolidating, preparing the next move up. Trade with care. If you like our content, please feel free to support our page with a like, comment & subscribe for future educational ideas and trading setups.
Editors' picks
FX_IDC:XAGUSD
by financialflagship
44
DJ30 will Fall to 32200 the Upcoming Week - Part 2 (Volume)In addition to the Fibonnacci assessment in the first chart (linked) which shows that we are on a very important resistance level, this chart deals with volume and momentum. Let's break down what's important: Comparative volume profiles of the main trends since 2018. The major trend since March 2020 is broken into 2, separated by the market fall in July last year. This is because the fall I am anticipating pertains to the latter trend first, so it's better to analyze it in separation. RSI shows the momentum and approach of the tipping point. As one can see in the volume profiles, the circled bars are the ones outside the Value Area (70% of tradings volume of the trend). This shows we are in an unfair price already since a while. In addition, they indicate relatively very low volumes amid the uptrend. This was always the behavior before the end of the trend. The POC, indicated by the red line shows the major support level. For the trend since last July, this is around 32200, which confirms my estimation in part 1 through Fibonnacci and trend lines. The POC of the major trend starting from March 2020 (not shown in the chart) is also around the same number, The very last volume profile on the right (very tiny), isolates the past few weeks showing that even in a small time frame, the bull of the last five weeks, at least, is unsustainable. RSI, on its part, shows historically how this market is sensitive to overbuying. As soon as we passed 70 mark since end of 2018, the market always rebounded back. We are around the same level now. FInally, Bollinger Bands are widening, which is an indicator of volatility to come soon.
CAPITALCOM:US30Short
by MontyMacht
3
Epistemology of Technical AnalysisHow does the reliability of technical analysis relate to our understanding of it as a total population? Epistemology is a branch of philosophy that examines the nature of knowledge -- its presuppositions and foundations, and its extent and validity. The word epistemology is derived from the ancient Greek epistēmē, meaning "knowledge", and the suffix -logia, meaning "logical discourse." Epistemologists study the nature, origin, and scope of knowledge. Simply stated, epistemology is "meaning-making." Epistemology presupposes metaphysics. People tend to think of psychology as being the foundation for technical analysis , often without realizing that psychology arises out of, or is a subset of, philosophy. In other words, psychology is "a posteriori" to philosophy. Historically, psychology arose in order to include the empirical method when examining the metaphysical questions posed by philosophy. It has since brought various topics of study to the field of psychology, such as sensation, perception, intelligence, and memory. At first glance, the relationship between philosophy and psychology seems to have a dualistic nature, and is reciprocal: Modern-day science believes that the "phyisical" (psychology) -- a brain -- creates the metaphyisical, and that the metaphysical (philosophy) -- a thought -- allows us to understand the physical. Phillosophers argue, however, that "no account of knowledge can proceed without assuming that we already have some sample or example of it, or of the way the world works;" If we already know something, then we already have some insight into reality. Similarly, no account of trading analytics can proceed successfully, according to presupposed rules, without some concensus to those rules. My definition of technical analysis: A concensual set of rules for how to react to market stimuli. We can call TA a language, and it has rules akin to any other language. When we communicate through language, we operate by utilizing a concensual set of rules by which to respond to vocal stimuli. If two people try to communicate an idea to each other via divergent languages, the efficacy of communication is vastly diminished; consequently, if the market is being influenced by people who both DO know and DO NOT know technical analysis, the reliablity of our predictions for market trends is also vastly diminished. I would argue that the implications of this are stronger this market cycle than ever before, due to the exponential rise in new traders unfamiliar with technical analysis , and that this offset in reliability is proportional to the total trading volume they supply to the market. At the same rate, "whales" who hold the largest crypto bags are likely to be the most familiar with TA, or have those working for them who are adept at TA, and therefore have a significant oppositional influence to those people aforementioned. It makes you wonder how many people have given their economic stimuli to the power elite already bankrolling with their COVID-era monopolies. Stay safe out there. This is the most risky moment in the history of crypto for those of us with very little we can afford to lose.
BINANCE:BTCUSDEducation
by UnknownUnicorn17277390
Battle of Historical TrendsTaking another view at NSDQ100 to support my previous linked ideas, now I look at the daily chart with a broader range, lest we miss the forest for the trees. The zoomed-out daily chart provides important insight about the most powerful trend lines and there prominence, transformation, and demise. It is more suitable for longer-term outlooks, but it may also be useful for the few weeks to come, as I will show here. There are 3 main trends here: Blue: Started in 2016 and was historically the prominent resistance until 2018 and was denied in 2020 due to the premature market crash year and now is the main support. Purple: Started in 2019 and has been the main resistance for the post-covid19 surge. It's prominence ended with the last correction this year. Red: Started in 2020 and has been the main support of the post-covid19 surge. Now, it's the main resistance. The main take away here is that the main trend of the post-covid19 surge, the purple one, started before COVID-19, which means that the fast growth was actually a resumption rather than a reaction. Yet, the purple trend itself started as a catch-up of the correction in 2019, and would have stopped, most probably, by the blue resistance had COVID-19 not happened. If that's correct, it would indicate all that is above the blue line as an over-buy that would demand correction at one point. Employing a Fib Resistance Fan for each of the 2 lasting trends, however, suggests that we are in a middle ground. The dark red triangle formed by the intersection of both normal zones of the 2 fans is the Fibonnacci area with the least friction. As you can see, there is no room to follow the red resistance any more, so the red trend line would follow the purple one into oblivion. Meanwhile, the blue line coincides with the Fibonnacci support, which further confirms its prominence. Based on this, I expect a fall soon to the blue support line (which is also at this point the lower Bollinger Band of the weekly chart) and then rise again.
UShort
by MontyMacht
Decaying Overbuying for BTC Signals an Eventual Bearish TurnAs I expected before in a previous idea a couple of months ago, BTC and Co were heading to a flattened curve after the incredible gains and broken records in the past months. It came as no surprise to me because I am an avid follower of the 1W chart, which, for BTC, I believe is the most important one. The thing is that when gains are so high and so rapid, charts of more detailed views lose their significance. Still, the 1W chart is usually overlooked even by longtermers. So what is so significant about BTC's 1W chart? It is the range of history it shows that allows accessible comparative analysis, and that's what I am referring to in this idea. In this chart, we can see 3 spikes of growth (bullish markets), 2018, 2019, and the latest in 2021. Both of the first 2 were followed by a short bearish market, and in both, even if it's not shown in the chart, people also thought the prices would never fall, and falling they did to a certain level of support as the lowest point of the bearish market, which was always the lower Bollinger Band of the 1W chart . Looking closer at the RSI graph, we can spot the similarity between the second bullish rally and the current one: both being of the decaying type when it comes to overbuying. The first rally in 2018, on the other hand, had an oscillating period of overbuying. So what's the significance of this? To answer this question, let's check the points bellow comparing the market behavior in both cases when the prices are above the normal range of buying : * A decaying overbuy means that the momentum of buying is decreasing, even if the prices are increasing significantly. An oscillating one indicates that the momentum is steady. * Decaying overbuy indicates that the gains will fade gradually, like it did this week, after several previous corrections which were increasing in magnitude and frequency. For an oscillating one, the corrections usually come in fixed intervals and with similar magnitudes. * For an oscillating overbuy, prices can decrease abruptly when the bullish market is over. For the decaying one, the drop will probably happen after flattening out in the medium range. * Peak of volume is more or less periodic for the oscillating overbuy, usually increasing at the last breath of the bullish market. For the decaying one, the peak is long before the last breath of the bull. For the current market, the peak was in the beginning of 2021. Now that we know the difference, it is evident that the decaying overbuy is a clearer signal. Nevertheless, greed and optimism blind us from what's obvious, that is the current correction. How about the future then? In the long run, BTC will regain its value and reach more peaks until it doesn't matter anymore and the competition increases with other coins. As for the near future, I am positive that the price will go more negative, probably after flattening a bit . The thing is that the market is losing confidence in BTC as a growth asset, and it's difficult to see momentum building up in a sustainable way in the short term. This would require a fresh bullish market drive, and I am not talking here only about Crypto. For the cycle to complete, the lower band will be hit eventually, but as it stands at 20000, it is very low, so it won't happen very soon. My prediction is that it would happen when the band nears 38000.
COINBASE:BTCUSDShort
by MontyMacht
Evolution of Trading💯From Rome to the world📈 Trading originated on the fragments of the Holy Roman Empire, between the inhabitants of European states, connected by sea and land. The old Roman tradition of gathering in designated areas to exchange news, orders and customer bases has spawned markets and fairs. In the 13th century, enterprising Italians invented promissory notes, which, due to the convenience and safety of moving large sums, soon spread throughout Europe, and by the 18th century they reached Russia. Joint stock companies, such as the East India Company, began to write trusts for various goods... But we are already getting ahead of ourselves. So, the exchanges. Holland, but not that🙋🏻‍♂️ Imagine: XVI century, Holland. No legal drugs, the Red Light District isn't open yet. Crossing trade routes. Foreign merchants travel around the cities, astonishing the locals with a variety of goods. Here you can find coffee, tobacco, furs, silks, overseas wines, and precious stones... The Dutch run up their eyes, they want to trade, but money is not always available at the right time and in the right amount. Their main product is tree and tulip bulbs. This is where promissory note come to the rescue. I bought a promissory note for spices from a Greek, sold it to a Briton for real money, or for a stock in a tea company. Residents of trading cities, of course, understand that providing merchants with places to trade is quite a profitable business... This is an opportunity to keep abreast of the most profitable deals, these are useful acquaintances. And a certain profit. A merchant from Bruges⚖️ An entrepreneur from the city of Bruges, by the name of van der Bursa, opened a hotel for merchants, in the premises of which he organized all the comfortable conditions (safes, meeting rooms, coffee time) for trading. From which he had quite a decent income. Remarkably, his family crest was the image of three leather bags. From the surname Bursa, meaning "leather bag" or "purse", presumably the name "beurs" arose. After a while, the shop moved to the city of Antwerp (already without Mr. van der Bursa), where in 1531 it acquired an official status. The Antwerp Stock Exchange was housed in a new building specially built for the occasion, with an inscription above the entrance to which the following was written: "For merchants of all countries and nations!" The Tulip Crash🌷 In 1612, due to a difficult political situation, the Antwerp Stock Exchange moved to Amsterdam (Why are you smiling? Hashish bars were opened much later). It was then that the East and West Indian joint stock companies came into play, things went uphill. Holland began to make money on flowers, specifically and powerfully, shares of tulip bulbs soared in price... Now experienced traders have to guess what happened next. Yes Yes. Yes! There was a panic in the market, the Amsterdam Stock Exchange, and after it the entire economy of the Netherlands collapsed. Tens of thousands of stock traders suffered losses. End of the first part Support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! Feel free to leave comments✉️ And always remember: "we don't predict, we react".
Education
by Berzerk_invest
20
Coinbase looking for a Bottom IPO ReleaseClassic initial pump up then a dump down. People are eager to lock in those quick profits! We'll see if we find support around the $300+ area or drop below $300 to find a bottom. I wouldn't be surprised if we get a retest to the IPO all time high of $428 in the coming days or weeks to come. Coinbase is directly pegged to the success of cryptocurrencies. So fundamentally Coinbase will definitely experience massive growth throughout the decade along with all the innovation that will arise from Coinbase. This is such historic leap for cryptocurrency adoption and exposure to traditional markets. As well as the United States. I've been using Coinbase for the past 4 years throughout my whole cryptocurrency journey and I'm sure it will only get better. Cheers everybody! Much peace, love, health, and wealth. HODL that Coinbase stock =D
NASDAQ:COINLong
by peacefuljustin