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A New Year Special - 1hour Free Zoom SessionHello All, I will be holding a short, 1 hour sharing with Zack, a feng shui master , where we will be sharing on the mentioned in the flyer above. I will be covering some important things to take note of for your trading and sharing how I look for trades etc! Zack will be sharing his view on the outlook of the world in 2024 and some discussions on Zodiacs! Hope to have a Huat huat year ahead! Date: 31 Jan 2024 Time: 730pm SG time (GMT +8) Venue: Zoom If you are keen ,do sign up using the link below! forms.gle An email for the Zoom session will be sent to you. Thank you and see you!😬🥶😉
NYSE:BA
by Shadowing_The_Big_Boys
Market Update - January 5 2024 Bitcoin gains 156% in 2023: Bitcoin (BTC) managed to close out 2023 with an impressive 156% gain, rising from ~$16k to over FWB:42K as the leading crypto asset regained credibility following numerous high profile collapses in the previous year. Throughout the second half of 2023, BTC prices generated strong momentum as confidence grew around the possible approval of a US-based spot Bitcoin ETF. Despite volatile start to 2024 and negative ETF report, bitcoin remains in the $43k-$44k range: Anticipation of the coming spot bitcoin ETF decision (expected by January 10) was palpable on Wednesday, as BTC abruptly fell more than 10% following dissemination of a Matrixport report suggesting that the SEC could reject all pending ETF applications. As the story developed, there was no source to suggest that a decision to reject the ETFs had been made, and with most evidence so far suggesting there will be an approval announcement before the deadline next week, BTC bounced back to the $44k level. Ethereum co-founder Vitalik Buterin shares a robust 2024 roadmap: Ethereum will continue its focus on its six main priorities: the Merge, the Surge, the Scourge, the Verge, the Purge and the Splurge. With the approval of a US-based spot bitcoin ETF potentially days away, some market participants are already eyeing up a potential ether ETF this summer as the next catalyst for the second most popular crypto. Interest rates expected to fall in 2024, but strong jobs report may delay rate cuts: Minutes from the Fed’s December meeting showed that rates are most likely at their peak with nearly all officials predicting lower rates in 2024. There appears to be disagreement, however, on how long rates will stay at the current elevated levels. On Friday, the final jobs report of 2023 showed that employers added 216,000 jobs in December, well above expectations, and potentially complicating the outlook for a rate cut early in 2024. Sei and Arbitrum outperform to start 2024: SEI, the Sei Network’s governance token, is trading up +25% over the past seven days and reached a new all time high above $0.80 as the network continues to see growing adoption. Arbitrum (ARB) was another outperformer this week, gaining +28% over the past seven days, with the token briefly crossing the $2 mark. ⚖️Topic of the Week: Blockchains and Scaling Solutions ⏭️ Read more here
GEMINI:BTCUSD
by Gemini
GBPUSD Long to Trendline ResistanceHi Traders! The GBPUSD 2H chart looks bullish and is targeting the monthly trendline resistance. Here are the details: After recovering from monthly lows, the market is now on a steady incline, showing swings of higher highs and higher lows. The market has also recently broken and closed above the 20 EMA. Our plan here is to buy market dips and target an exit just above the trendline resistance. Preferred Direction: Buy Entry Level: 1.26648 Stop Level: 1.26234 Target Level: 1.27487 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
6
CHARLES HOSKINSON REITERATES STANCE AGAINST XRP HARASSMENTCHARLES HOSKINSON REITERATES STANCE AGAINST XRP HARASSMENT Charles Hoskinson, the founder of Cardano, has reiterated his critical stance toward the XRP community, labeling it as toxic and petty. Hoskinson has consistently faced harassment from the XRP community for over two years, reinforcing his firm stance against them. There is a clear lack of technical alignment and different market focuses between Cardano and Ripple, the company behind XRP. A surge in high-value account transfers Since October 23, when Robinhood began offering a 1% match on transferred brokerage accounts, the platform has seen about $1.1 billion in account transfers. This surge in transfers, especially from larger brokerages like Charles Schwab, Fidelity Investments, and Morgan Stanley’s E*Trade, indicates Robinhood’s growing appeal to a more affluent clientele. Over 150 account transfers have exceeded $1 million, showcasing the platform’s successful enticement of wealthier investors. This trend is notable, given Robinhood’s previous focus on younger, novice investors and its comparatively smaller size in the brokerage industry. Despite Robinhood’s assets under custody totaling $94 billion at the end of November, it pales in comparison to giants like Schwab, with $8.2 trillion, and Fidelity and Morgan Stanley, with trillions in assets under administration and total client assets, respectively. However, the influx of high-value accounts highlights the platform’s potential to disrupt the traditional brokerage landscape and appeal to a broader market segment.
BITSTAMP:XRPUSD
by henryartem
1
One more chance to buy the dip 32k level is a strong support and resistance level. In history we can see that price had moved substantially from this level. Looking at the daily chart, we see the break of the 32k level, but not retested as support. All the hype about the ETF and the halving I think has giving us some great insight as to what is to come in the future. With that being said looking at the timing of everything, I would not be surprised to see one more sell off. Price will need to find support and a little more accumulation before the next run. We may never see BTC prices this low again and im sure the big players are going to want to beat price down a little beforehand. Im expecting a nice pump up to the 52- 55k level before a final pull back to the 32k level. Thoughts or comments welcome CRYPTO:BTCUSD
INDEX:BTCUSDLong
by pippin_aint_easy79
2
Major Market Correlations Between Yields, Stocks And USDollarIn 2022, the stock market took a hit and the US Dollar gained strength due to higher yields in the US. Toward the end of that year, as yields eased off, the US Dollar lost some of its power, and this coincided with a rebound in stock market performance. Now, as yields are climbing once again, the US Dollar is regaining strength, but it seems like stocks are beginning to lose their previous momentum. However, the situation might shift if these rising yields are in the process of completing their fifth wave and are on the verge of slowing down. In that case, the US Dollar could actually become weaker again, and the stock market might continue its upward trend. Of course a lot will depend on the FED policy decisions, where dollar can turn down if FED will stop the hiking cycle. Well, a lot will depend on the US data, so market participants will surely watch the NFP very closely tomorrow.
TVC:US10Y
by ew-forecast
1
BINANCE, COINBASE, AND KRAKEN ADAPT NEW VENTURE CAPITAL TACTICS BINANCE, COINBASE, AND KRAKEN ADAPT NEW VENTURE CAPITAL TACTICS AMID CRYPTO MARKET CHANGES Binance Labs now focuses on supporting startups with actual products and revenue, moving away from projects based solely on hype. Coinbase Ventures is shifting its investment focus towards startups outside the United States, particularly in India, Singapore, Australia, and the UK. Kraken Ventures observes that early-stage companies have valuations of about $10 million to $30 million, indicating sustained interest in new ventures despite broader market changes. Key players like Binance Labs, Coinbase Ventures, and Kraken Ventures are recalibrating their investment strategies in response to evolving market conditions, according to a Bloomberg report. This shift is characterized by a focus on sustainable investments and geographical diversification.
COINBASE:BTCUSD
by henryartem
Market Update - November 3rd 2023 Bitcoin holds onto gains as a golden cross appears: Bitcoin (BTC) consolidated around $35k USD this week after its price action exhibited a “golden cross” on the daily BTC chart. Market observers have suggested that such price action could portend a continued upward trajectory for the leading crypto. Sam Bankman-Fried found guilty on all counts: Sam Bankman-Fried, the founder and former CEO of FTX, was found guilty on all seven counts. He faces up to over 100 years in prison. The sentencing hearing is tentatively set for March 28, 2024. In closing arguments this week, prosecutors argued that SBF built his FTX empire on a “foundation of lies and false promises” describing him squarely as a liar who fabricated a “pyramid of deceit.” The defense sought to convince the jury that SBF had simply made mistakes that culminated in the collapse of his once $32 billion empire. Solana leads altcoin charge as ether lags: Altcoins performed well this week, with Solana (SOL) a notable outperformer, rallying 24%. Research analysts have pointed to SOL’s high throughput and growing developer activity as fundamental catalysts for the rally. Other notable high-performers include Decentraland (MANA) +16%, Uniswap (UNI) +13%, Cardano (ADA) +11%, Polkadot (DOT) +11% and Ripple (XRP) +11%. Ether (ETH) prices did not follow suit gaining around 1.7% this week. Federal Reserve holds rates steady and yields continue to dip: The Federal Reserve held its target interest range between 5.25%-5.5% this week. The Fed did not rule out the possibility of future interest hikes depending on economic data, whereas most analysts have ruled out any additional hikes this year. Treasury yields continued their decline, with the 10-year treasury yield dropping 12 basis points after the Fed meeting. 📊Topic of the Week: Technical Analysis ➡️Read more here
GEMINI:BTCUSD
by Gemini
The Bond Market is Pricing in a Collapse of The Yen Carry TradeThe spread between the US10Y and JP10Y has historically been a great leading indicator of contraction within the Yen Carry Trade and likely will be into the future. If we were to apply TA to it, we can see that the spread appears to be Double Topping and has formed a Bearish Shark at this top as the RSI breaks down and the MACD Diverges. If we are to take this as a warning, then we should expect this spread to go down significantly, and that would be accompanied by the contraction of the Carry Trade, leading to lower liquidity and signfiicantly tighter credit conditions and ultimately a depreciation in market pricing. I think we could see JPY and USD strength during this time but would avoid other currencies.
TVC:US10YShort
by RizeSenpai
2
Why Burry Bet Against the US MarketBurry has frequently expressed his views on Twitter (X), asserting that the market has not made a genuine recovery and is headed for a recession. He believes it's just a matter of time before we witness the ultimate impact. Many individuals consider Burry to be an extreme pessimist, contending that he consistently focuses on the negative aspects. However, in the lead-up to the 2008 market crash, people also criticized him for being overly pessimistic and opposed his ideas. The purpose of this post is to delve into his perspectives and examine some recent information I've been investigating in order to determine whether the market situation is indeed in line with his claims Who is Michael Burry? Michael Burry is a renowned American investor and former hedge fund manager. He gained widespread recognition for accurately predicting the 2008 financial crisis and profiting from it through his hedge fund, Scion Capital. Burry is also known for his contrarian investment style and is a proponent of value investing. His story is prominently featured in Michael Lewis's book, "The Big Short.” Today, we will examine data that reveals the current state of the American market. Through this data, we will learn to understand the reasons behind why the market may be weaker than it appears, despite all the hype and the notion that the American market has "recovered.” What’s Burry Concerns Economic Concerns: Despite positive stock market performance and GDP projections, Burry, along with other notable investors like Warren Buffett, sees potential issues in the global economy. Federal Reserve Actions: Burry and others believe this situation is unsustainable and may lead to economic stagnation next year, characterized by weak growth, rising inflation, and labor shortages. 1. Michael Burry said is Velocity is nominal GDP/Money Supply (M2 here). QT + higher rates starting to use M2 down. Yet we are seeing a tick up in velocity, emerging from narrative obscurity, In 1978-79, rising velocity trumped failing money supply to drive inflation higher and higher redux would shock Full Explanation: "Velocity" is like the speed at which money moves in the economy. Imagine money as a car. The car's speed (velocity) is how fast it's moving. "Nominal GDP" is the total value of goods and services produced in the economy. "M2" is a measure of the money supply, including things like cash, checking accounts, and savings accounts. Now, let's break it down: If the economy's car (money) is moving faster (velocity), it can boost economic growth (Nominal GDP). "QT" means Quantitative Tightening, which is when the central bank reduces the amount of money in the economy. "Higher rates" means they raise interest rates. When you reduce the amount of money (QT) and raise interest rates, the car (money) slows down (Velocity decreases). When you reduce the amount of money (QT) and raise interest rates, the car (money) slows down (Velocity decreases). Recently, we've seen the car (Velocity) speeding up, even though the central bank has been reducing money (QT) and increasing interest rates. In the late 1970s (1978-79), a similar thing happened. The car's speed (Velocity) became more important than the amount of money (Money Supply) in driving up prices (inflation). "Redux" means a repeat of something. So, the statement suggests that if we see a repeat of the 1978-79 situation, it would be surprising and could lead to higher inflation. In simple terms, it's like saying that even though the central bank is trying to slow down the economy by reducing money and raising interest rates, we're still seeing fast economic growth. This reminds us of a situation in the late 1970s when fast economic growth led to higher prices. If this happens again, it would be surprising and could cause inflation. 2.The second thing Burry believes is that there is a bubble in the housing market, similar to the one in 2008. Instructions chat above green (rising market) yellow (small drop market) Red (absolute bear market) He believes that housing prices are over inflated and that many homeowners are still carrying significant levels of debt he is warned that a housing market downturn could trigger a wave of default that would Ripple through the banking system and The Wider economy finally bury has expressed concern about the vulnerability of the banking system which he believes is over leveraged and under-capitalized he has warned that a wave of bank failures could trigger a major crisis similar to the 2008 financial crisis overall buries prediction that another major financial crisis is on the horizon. Explanation for chart above As you can see from the chart , we are not yet showing strong signs of a collapse like in 2008. However, there is a chain of signs that it is beginning to slow down and approach a potential downturn. When a higher time frame displays characteristics in yellow between red, there is a chance of an impending collapse. For now, we must treat this information as neutral and avoid letting our biases guide us. 3.The Third thing is Burry concern about the current state of the stock market. Instructions chat above green (rising market) yellow (small drop market) Red (absolute bear market) Bury has expressed concern about the current state of the stock market, the housing market, and the banking system, all of which he believes are overvalued and vulnerable to a major downturn. Burry has also expressed concern about the high levels of debt in the U.S. economy, which he believes are unsustainable and could trigger a major crisis. He has pointed to the rising levels of corporate and government debt, as well as the growing number of (companies that can only service their debt but not pay it down), as evidence of this. Burry has also expressed concern about the current state of the stock market, which he believes is again overvalued and driven by speculation rather than fundamentals. Explanation for chart above As you can see in the chart, the market has not yet fully recovered despite the recent increases in the S&P 500 and NASDAQ. It's evident that the rally is weak compared to previous years. This analysis indicates a temporary market weakening, with no strong signs of a full recovery at the moment Let's now take a deeper dive into less visible yet crucial information. We'll focus on areas that require understanding their unusual aspects and the reasons behind them. What do I mean? To uncover something unusual, patience and extensive economic research are required. Through this process, we can discover intriguing insights that provide valuable context to the economic situation in the USA. For example, let's examine: a. M2 - MONEY SUPPLY In the graph, you'll notice something that hasn't occurred since 1963. With the help of a tool, we can observe periods of increase (green) and slight decrease (yellow), but no instances of absolute decrease (red). What does this signify? What's the context behind it? After conducting research, I found an explanation. I'm referring to: Financial Stress and Banking Issues: A sharp decline in M2 may indicate underlying financial stress or problems within the banking and financial sector. This is a significant reason as it highlights potential vulnerabilities in the financial system, which could have broader implications for the economy. It might prompt regulators and policymakers to address these issues to prevent a more severe crisis. Do you still find this unremarkable? Remember, this is just one perspective on the situation. b. Unemployment Rate It is crucial to examine the Unemployment Rate, and I've specifically focused on the Unemployment Rate in California. This is because, in the end, the fundamental Unemployment Rate tends to converge to a similar outcome. Currently, in the graph, we observe the color white, which indicates the start of an uptick in unemployment, representing slow growth. White denotes a slow growth momentum or a potentially deceptive rally. Therefore, it's important to note that we have not yet reached the green phase, which signifies a definite increase in the Unemployment Rate. Historically, every time the Unemployment Rate has turned green, it has been followed by an economic downturn. it is essential to remain vigilant. If the Unemployment Rate continues to rise steadily, it may lead to economic stress. On the other hand, if M2 money supply is shrinking or experiencing volatility while the Unemployment Rate is increasing, it points to economic stress and potential issues. A declining money supply reflects reduced liquidity, making it harder for businesses to access capital for growth and causing financial stress. Simultaneously, a rising Unemployment Rate indicates that more people are struggling to secure jobs, further straining the economy. This situation can result in reduced consumer spending, decreased investment, and heightened economic uncertainty, potentially contributing to a market downturn or recession. c. Gold Investors Currently, there's something intriguing happening among certain investors worldwide. Over the past few months, some investors have been stockpiling gold. Since March 2023, gold has displayed a (green) signal, indicating a bullish trend. This suggests that people have been accumulating gold from March until now, similar to the trend seen in 2003. It's possible that some investors perceive the market as risky and view gold as a safety net. However, it's important to note that there can be instances of deception, as seen in 2016 and 2017 when gold turned green but didn't perform significantly and even dropped by 10 percent on three occasions. Such situations occur periodically and not consistently. For instance, investors also purchased gold from 2019 until the end of 2021 (despite the significant impact of COVID-19 starting in 2020), indicating that some investors can spot signs ahead of time. There are more examples from the past. Hence, it's fascinating to closely monitor recent developments in the gold market to see if it can break records or experiences setbacks like in 2016-2017. There are many more examples, but I will stop here. The purpose of this post is to emphasize that thinking outside the box is often more fruitful. Instead of sticking to a linear approach, gather as much information as possible, seek connections between two factors, then three, and continue to cross-reference vast datasets. By effectively cross-referencing, we enhance our ability to assess probabilities and reduce uncertainty. This reflects my personal viewpoint. I observe that the market has reached a plateau in the SP500, NASDAQ, and most markets. There is a possibility that this is a temporary phase, or it may indicate an impending decline. My focus is on monitoring real-time data and responding accordingly, rather than attempting to predict the future. Whenever I perceive the market as (red), I take action. Likewise, when I see it as (green), I take action. Ultimately, my goal is to remain adaptable and respond to prevailing market conditions. In the future, I will continue to provide updates in the event of shifts in market conditions, inflation, new data, and additional information. This will contribute to assembling a comprehensive puzzle that offers clarity on the overall situation.
SP:SPX
by BlackMammoth
1