[2023] An unfortunate tale of up-and-coming mishaps.Dear readers,
Unfortunately, we have failed to create our good fortune in 2022. The main reason most influencers, traders and market followers; kept the "Buy the Dip" ante; is due to most of us believing in crypto; but also the idea that if we didnt make it in 2022, the bearishness due in 2023 could become damaging to the long-haul.
2023 is the year the U.S infrastructure bill is set to kick in. This bill conveyed a number of new burdens to be carried by node operators, miners and services. The biggest one of them being the tax reporting requirements which are currently unfeasible.
If it weren't sufficiently bad; we also have to remain aware of the tactics, government roll out of CBDC's, could translate into. From a support for crypto-currencies in order to drive CBDC adoption, to, a possible view of crypto-currencies cannibalizing into the market for CBDC's.
We are now starting the year with bearish macro indicators. A FED that is still unwilling to stop tightening and an overall market sentiment of disappointed at no pause/break in Q4 2022. This sentiment finds further justification in the steep decline in $APPL stock. A stock that for long was seen as a barometer for tech and the one tech blue-chip the majority of funds from low-risk pension funds to high risk hedge-funds, saw as a must within any portfolio.
With all this in mind, 2023 looks set to be the most bearish year to date. We are slowly entering a period in history, where people simple do not enjoy sufficient disposable income to pay for Netflix and Spotify.(Sharp users decline. Sufficient for Netflix to review its subscription model and possibly roll out an ads based subscription.) A period where credit card debt is ballooning, not due to spending propensity, but due to people relying on credit to pay monthly utility bills, mortgages and other credits due.
All in all we must remain warry. Many things are set to break in 2023. Utilities are set to remain climbing. Central-banks remain unwilling to change stance. It is now not the moment to attempt buying crypto or risk-on assets.
Trade safe, and if you only know how to trade crypto, consider taking the time to learn about energy markets, defense and agriculture. The sun will set on crypto once more, but in these dark times, we must rush to safety.
Happy new year and lets get to it legends :)
Rob
NEW
$XRP RunXRP has been under a lot of legal chokeholds due to the SEC and accessibility on centralized exchanges. This can be seen with a consistent support/resistance line that has been developing over the past 3 years. As the Ripple v. SEC case seems to be windling down, we may see a breakout similar to that in 2018, if not higher. Additionally, it is important to note that XRP is ISO 20022 compliant, an attractive stipulation for big banks and financial institutions.
Vumanchu cipher b with divergence and ssl trend First post here I’m working hard at understanding technical analysis. I’ve created a 4hr/1hr strategy with the Vumanchu cipher b with divergence, ssl trend set at 18 for both, and 50/200/400 ema.
Went through marked 4hr divergence and trend based signals highlighting the 4hr trend with vertical bars marking buys and sells. made up positions on the hourly ssl trend with entry at change of trend or hourly divergence stop loss at previous wick or opposite trend line. I’m a part time trader and needed a slow strategy for short term swing trades. This strategy has provided me with multiple entry’s and clear exits great for a newer trader looking for a flexible strategy. For free! Works on all time frames I find it best on daily 4/2/1 hrs and 15/3 minutes for scalps.
Just an idea!
xauusd gold analysis second week of december 2022Hello fellow traders and gamblers,
The areas highlighted with the rectangle box are gaps which have to be filled in the upcoming months.
Upon doing research and countless hours of studying, 2023 will mark the year of recession and gold rallying to new all time highs. This is evidenced by the 2007 crash which saw gold rally to new highs by 2013. We are following the same trend which started from late 2019 prior to covid outbreak. We are getting into the 4th year and gold has yet to set a surprisingly new all time high way above 2070.
I cannot tell you which way the market will go but you can see in the chart is liquidity points which institutions and banks have bought and sold from.
Good luck!
ZM accumulating @pandemic zone since Russian invasion; next TPsZM will continue to increase user base in the next few years even if work-from-home subdues. It has made a perfect ABC correction with A=C & is has been consolidating in the pre-pandemic 102 zone since Russian invasion started in Feb 2022.
The risk of worst-case scenario is very low compared to the great upsides if a new EW cycle begins after ZM breaks above the pandemic zone & go above Ichimuko cloud in the 4Q2022.
Not trading advice
A new low on EURUSD Yesterday we saw a breakout of 0,9950! Those are historical levels for this currency pair but that doesn't mean we shouldn't be looking for further continuation down.
We are now expecting to see price even lower. The next target is 0,9900 and basically the round numbers after that.
Entries could be made with aggressive stops and after any small pullback.
You don't even have to use a fixed TP but instead, you can have an open target and just move stops into profit every time price creates a lower structure.
XauUsd Huge profitable pullback Hello everyone its time to have some big push upward on XAUUSD from 1755.00
So we have a strong support line at 1754.00.
According to the support zone and RSI (under 50) I found out that the price is going upward right from 1755.00 to maybe near 1800 so I hope your trades will be profitable for today.
Everything is showing us that prices will go up so make your own setup and start making a profit.
Please Support me with your likes and comments.
Stay safe.
BTC 25% drop is upcomming !!!BTC will broke the triangle one way or another but i am almost certain that we are breaking to the downside. This will happen (AROUND) 13th of july.
I persoaly will enter a 25x short setting my TP at around 14 600. This will most likely be the bottom unless some bad political/economic news come. Atleast this will be the tehnicall bottom.
Vol data giving trade set up? This was an interesting find using the EMA on Implied vol indicator. Looking at the technicals below the bar chart price has rallied 3 out of 3 times when this has happened during oct 2021 and April 2022. Along with the rallies have come the sell offs unlike the rallies the black EMA and the vix fix line track each other as the market sells off causing the red line to turn green and signal the next market rallies. I have still have to do back testing with it being this accurate it my be repainting.
Heres a link to my chart www.tradingview.com
USDJPY ShortHi! I use Auction Market Theory to trade the
markets! For me, the markets have trading too high in
price as seen in that reject of 125.000.
So I use concepts from James Dalton such as long liquidations, short covering rallies, and ledges to determine what the state of the market is.
As of right now, USDJPY has shown rejection at 125, price is perhaps too high for most traders and as a result is trading lower. Right now, I believe price to be in a form good trade between current large buyers and sellers, but eventually that will exhaust. I anticipate that price will reach that 118.57 because that is an area where price
had recently rallied from.
Price will move to seek trades that allow for buyers and sellers to have enough orders between them.