NEWS
Bitcoin Scalp Signal for Day Trading🖥️ We have determined there is a 60% chance Bitcoin will RISE from our current entry point.
📉 LONG - BTC : $16,965 📉
💵 Length of trade: we are expecting BTC to hit a 200 scalp, with a high end of $350 - minimum expectation $200.
🕰️ Duration of trade: we are expecting this to occur within 5 hours of this signal for the Min. Profit Target. Then we see this trade playing out till U.S. markets open Wednesday.
📊🖥️ INDICATOR SHOWN ON CHART : Scot Signal Indicator
The West Takes Aim at Russian Oil MarketsAs tensions continue to escalate between the West and Russia, a new development has emerged in the ongoing struggle over oil shipments. The West has been using shipping insurance as a tool to put pressure on Russia, but this strategy has had limited success so far. Insurance is only available for shipments valued at less than $60 a barrel, and as it happens, Russian oil already trades just below this cap. As a result, it's not yet clear how much of an impact this will have on oil prices.
But this raises an interesting question: why would the West set the cap at this level? The answer, it seems, is that they've calculated it in such a way that it provides just enough incentive for Putin to keep pumping oil. This is because the West is understandably concerned that Putin might choose to remove Russian oil from the international market, causing prices to rise significantly. And if global oil prices do rise much above where they currently are, the situation could become much more heated.
This is just one example of the complex dance that goes on between petronations and the West. On the one hand, the West has the ability to put pressure on petronations by limiting their access to the global market. But on the other hand, petronations have the power to put significant pressure on the West via energy prices. So it's a delicate balancing act, and it's not always clear who has the upper hand.
But what does this mean for the future? Well, it's difficult to say for certain, but it's clear that the West is trying to find a way to put pressure on Russia without causing a major disruption in the global oil market. And if they're successful, it could have significant implications for the ongoing struggle between the West and Russia.
Of course, there are many other factors at play here, and it's impossible to predict exactly how things will unfold. But one thing is clear: the discussion around this issue is only going to become more heated as global oil prices continue to fluctuate. So it's definitely a topic worth keeping an eye on in the coming months and years.
Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 60% chance Bitcoin will Fall from our current entry point.
📉 SHORT - BTC : $17,210 📉
💵 Length of trade: we are expecting BTC to hit a 225 scalp, with a high end of $325, and a minimum expectation of $150.
🕰️ Duration of trade: we are expecting this to occur within 1.5 hours - 4 hours. Then we see a maximum duration of 14 hours.
📊🖥️ INDICATOR SHOWN ON CHART : Scot Signal Indicator
WTI USOIL weekly review outlook analysis to premarket
Closing last month as a bearish month and bullish week. The long term objective remain 6172.5 Aug 2021 Low.
Closing last week as a bullish week and closing inside the weekly bearish FVG. I will love to see price use that to push price lowwer but Bias can just be base on one Time frame alone that's why we need Top Down analysis. Monday closing as indecisive day after taking out old weekly low purge and revert method making price to come up into the old highs with the Daily FVG making Thursday the height of the day.
There is a lot of internal dialogue I'm having with myself looking at this chart and it is all making sense bc of the experience I have hsd in this same type of price delivery. I am Bearish and I am also having it at the back of my mind I am bullish… why ??? I can see the IOF on 1hr is bearish for now but I won't be surprised to. See price turn upward after taking out the sellside Liquidity and we do have most of the High/Low impact NEWS 📰 towards the end of the week (I feel like most of the volatility might be towards the end of the week).
Stick around as we learn more together… and I show you more about my trading here… thank you for coming this far with me it means a lot .
EURUSD before NFPUS jobs data coming up today. The news will cause movement so be careful.
Buys should be closed because the expected rise to 1,0540-60 has already been completed.
There will be an option for new aggressive buy trades on correction or after the news.
We expect the movement to end and reverse around 1,06.
FACTORS THAT PUSH THE PRICEHello everybody!
Today I want to discuss with you a serious question - What factors are pushing the price?
As you know, there is fundamental and technical analysis.
Each trader himself gives preference to what to use in the analysis.
And we will try to understand what pushes the price.
NEWS
The first thing that comes to mind is NEWS .
News affects OUR WHOLE LIFE .
The news pushes crowds of people to one point and forces them to flee from another.
News is a strong factor.
If the central bank decides something, it will be in the news and it will definitely push the market.
If the president of the country has decided something, it is shown on the news and it pushes the market.
If a person who decided the fate of an entire industry was fired, it will push the market and the price.
Therefore, it is IMPORTANT to follow the news and, more importantly, correctly interpret the news and be able to predict the future mood and future actions of the crowd based on them.
PATTERNS
All traders see the same chart, but everyone perceives it differently.
There are many reasons for this: someone knows more patterns, someone has more experience, someone understands better than another, someone has better discipline.
And when one or another pattern appears on the chart, people start trading and push the price.
You may have noticed that if no special picture is visible on the market, then the market is sluggish.
As soon as a pattern emerges, movement begins.
People entered the market.
Can we say that patterns move the price?
Or maybe someone is creating patterns on the chart to move the price?
EMOTIONS
We have already touched on this topic above, but it is worth noting separately.
Emotions play an important role in everything.
If the crowd is happy, the market is growing.
The crowd is afraid - the market is falling.
The crowd can be angry at the company or the country, close positions and thereby push the price down because of their bias..
The one who knows how to understand other people's emotions is able to predict the future actions of the crowd and make money on it.
Think about it...
SUPPLY AND DEMAND
Classical works on economics teach us that the market is controlled by supply and demand.
more precisely, the difference between supply and demand.
If the demand is large, the price rises, if the demand is small, the price falls.
The logic is simple: if people buy a lot, someone will start raising the price before selling, why not, because people buy.
When people don't want to buy, the one who needs to sell will lower the price to lure the buyer, because you need to sell something.
At the same time, it is important that there should always be both a buyer and a seller, otherwise the price will stand still or move slowly.
When there is both a buyer and a seller on the market and a lot of transactions are made, the price moves quickly, volumes increase, so even strong jumps (GAPS) are possible.
MANIPULATION
Manipulation is the darkest, most hidden action from prying eyes.
No one can say for sure whether it was manipulation or not.
Can someone push the market?
You often observe that the price reaches your stop, after which it immediately goes in the right direction, but without you.
Many traders believe that manipulation can be observed in the market .
Someone thinks that every movement is manipulation.
What do you think?
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
RLinda ! BTCUSD-> Forming a new cycle? Or...BTCUSD is entering the beginning of a new phase based on cycle formation. The breakdown of the consolidation indicates a continuation of the movement to critical marks, which may motivate many holders of the asset to capitulate. Market maker continues to destroy investors and miners?)
1)
( Chart 1: Falling price below the bitcoin mining industry average)
Bitcoin (BTC) miners are seeking (unwittingly :D) strong selling, which peaked back in 2015 on the back of the cryptohedon of those days. The flagship asset's price is falling below the bitcoin mining industry average, making miners quite nervous. The entire segment seems to be going through a rough patch.
Over the past three weeks (since the first FTX insolvency rumors), BTC miners have increased their selling pressure by almost 400%. That figure has jumped to 2015 levels.
If the price of BTC does not recover in the coming weeks, many miners will be forced to stop working due to heavy losses.
In addition, this period signals that mining can no longer be considered passive income.
The only way to explain the rising hash rate when the price is dumping is for some very big players with access to extremely cheap energy coming into the mining game on a scale of
(Graph 2. Weekly timeframe and estimated development of the situation against historical data)
The current crypto market tests the confidence and trust of participants in the sector:
-Many institutional investors expect the current bearish phase to continue
-Glassnode report supports the same
Average deposit size on all major exchanges is increasing in dollar terms as the bottom is forming (presumably). Average inflow volume is a metric for determining cryptocurrency returns on exchanges after investors sell them.
This trend has been a priority since May and echoes the maneuvers of 2018-2019.
In 2018, a sell-off from the $20000 level led to bitcoin falling to around $3000 in December 2018.
The overall bearish trend continued through 2019. It took about the same time this year for Bitcoin to fall 77% from $60000 levels in November 2021 to a new cycle low on November 22 at $15479
Analysts believe the current downward trend will continue in the coming months following the same pattern as in 2018, where it took several months to form a bottom and move up after the 2018 crash
(Chart 3: Three senior bitcoin timeframes. technical analysis)
The flagship is testing the lows of the last two years and updating the two-week bottom. The price is already below 15500.
Weekly chart: Last week closes near a local low. On Tuesday of the new week, price is headed below the low.
On the monthly chart, price comes out of a 5-month consolidation down. Drill the bottom further.
The daily moving averages are still as resistance.
The daily MACD is in the bearish zone, a new bearish wave is developing on the chart after two big bearish candles form
The daily RSI is in the bearish zone and is falling back to the oversold zone
Sincerely R. Linda!
#AAVE - DeFi protocol AAVE faces bad debt and centralized points#AAVE - DeFi protocol AAVE faces bad debt and centralized points of failure
Broken key support now along with some very bearish news. Unlikely new money will be going in even if there is a bullish turn from BTC. Hopefully should be a pretty safe bet here.
protos.com
🟪 #AAVE/USDT
• 🐻 Strategy: Short
• 👉 Exchange: Multi-Exchange
• 👉 Account: Futures
• 👉 Entry mode: Market order in range
• 👉 Invest: 0.59%
• 👉 Leverage: 10x CROSS
• 🚫 Stop: 56.71 (-84.7%)
• 💰 Entry: 52.28 ⌁ 52.85
• ⎿ Current market price: 52.28
• ⎿ Target 1 : 45.04 138.5%
• ⎿ Target 2 : 42.68 183.6%
• 📊 Technical indicators:
• ⎿ 24h Volume: 63355957.71
• ⎿ Satoshis: 52.28
CHZUSDTHello Dear friends
If this month's candle closes positively, the situation will be very attractive, isn't it!?!?
On the weekly time frame, is it possible to complete the head and shoulder pattern at the end of the downward trend?
On the daily time frame a bullish overlapping candle has been created for us, the $0.129 support area has been maintained so far.
At the same time we have an LL. Currently, due to the type of movement, we are not in a mindset to see areas above $0.291.
The CHZ token is one of the most important sports fan tokens, which has a high probability of positive fluctuations due to the World Cup.
We would be happy to hear your comments
What are new-home sales and why do they matter to the economy?Upcoming week we have two important major events happening for the U.S , one of them is the new-home sales. But what exactly are new-home sales, and why do they matter? In this post, we'll break down what new-home sales are and explain why they're so important to the overall health of the economy. You also be more prepared and informed why the market moved in a certain way. Lets move on...
What are new-home sales and why do they matter to the economy?
New-home sales are a measure of trading activity in the market for newly built homes. The new-home sales data are important leading indicators of economic activity, providing timely information on changes in the demand for new homes, which directly affects decisions regarding investment, production, and employment. The data on new-home sales also provide valuable information on the market fundamentals that are shaping trading conditions in the market for newly built homes. The data can be used to inform decision-making about pricing, product mix, and other strategic considerations. In addition, the data can be used to assess market conditions and identify emerging trends. As such, new-home sales data are an important tool for monitoring and understanding the health of the economy.
See historical graph here:
fred.stlouisfed.org
Impact of new-home sales
When new-home sales activity levels rise, it has a positive impact on the economy as a whole. For consumers, this increased activity level leads to currency being put back into circulation. When builders see an increase in new-home sales, they are able to reinvest that currency into building more homes, which in turn provides more jobs for other industry players. The increased activity also has a positive impact on the stock market and it's currency, as builders and other companies who stocks are traded publicly see their stock prices increase. This provides more stability in the markets and can lead to more investors feeling confident about putting their money into the markets. Ultimately, when new-home sales activity levels increase, it provides a boost to the economy as a whole.
New-home sales are an important economic indicator because they signal overall consumer confidence and spending. Increased new-home sales activity levels have a ripple effect throughout the economy, benefiting consumers, builders, and other industry players. We shall see what impact the new-home sales will have this week on EURUSD.
We can currently see we are stuck in a range between support and resistance - let's see what the week will bring.
Trade safe around these hours! Cheers.
How Sam Bankman got Fried Hi Traders, Investors and Speculators 📈📉
Losing $22 Billion in one day is probably a record for the books. Let's take a closer look at the Sam Bankman-Fried story...
At 30, SBF is(was) the youngest billionaire in the US. In 5 years, he managed to start the fastest growing DEX (FTX), as well as Alameda Research. He is also well connected. VERY well connected, with political ties to big names such as actors including Tom Brady, Naomi Osaka and financial institutions including Coinbase Ventures and Binance Labs. So how is it then that he got burnt and lost it all overnight? Let's take a closer look at the intricacies.
First, let's take a closer look at just how big and interconnected FTX really was:
💰 44 Active investors deposit $1.8 Billion in just a year
💰 Celeb Ambassadors including actors such as Stephen Curry, Tom Brady and Naomi Osaka
...hopefully we've learnt our lesson about trusting actors on crypto with Matt Damon on BTC and Ashton Kutcher with his XRP endorsement right before major crashes.... no?
💰 FTX has a combined value of $40 Billion in 2022
💰 FTX sponsors Mercedes in F1
💰 FTX sponsors Major League Baseball, FTX printed on all shirts (guess who's getting a new wardrobe...)
💰 Fortune Magazine Face - "Next Warren Buffet"
After the SEC forced shutdown in 2018 of crypto exchange broker 1Broker, many crypto moguls decided to take their companies elsewhere. This is also true for Sam, who decided to open FTX in Hong Kong later moving to Bahamas, away from the restrictions and regulations of the US. Binance followed a similar path, later moving it's company from China to Cayman Islands. SBF continues to keep favor with the US as he makes large contributions to Joe Biden's campaign, over $11 million. He reportedly spent over $47 million supporting democratic political campaigns. SBF networking progresses and he often testified to congress about how crypto regulations should proceed, even though he moves his business to the Bahamas (not the US). He positions himself as the voice of reasoning for the future of crypto regulations. During 2021, SBF reaches the peak of his wealth and fame. He nd 9 other youngsters are leading the FTX empire from the penthouse in the Bahamas.
Some say he became overconfident, others say he was sloppy. It seems as though the start of his downfall was due to Rival, CZ from Binance. Back in 2019, CZ hinted on Twitter that SBF was involved in an attempted attack on Binance futures platform. CZ later drives down the price of FTT by publicly stating their exit from FTX after "certain revelations came to light". SBF responds with a tweet "you won, well played".
When the bear market arrives late 2021, SBF is portrayed as a saint as he "invests hundreds of millions" in companies such as BlockFi, Voyager and Celcius whilst they face liquidity problems. A research report from September 2022, reveals a different story. He, infact, invest miniscule amounts or even nothing at all to help these companies! But this article does not make headlines, yet. Then a whistle blower breaks the news - Alameda Research uses $10 billion of customers FTX funds to make a risky investment, which is totally illegal. This is the complete opposite of the terms and conditions on his website as well as the opposite of what he said to Congress during his talks about how regulations should be. This is where the saying "not your keys, not your crytpo" shines. Crypto users and SBF fans are heart broken... How could he??
The final blow: Recently, continuous rivalry on crypto twitter between CZ and SBF fuels the price drops on FTT as CZ claims to sell all remaining tokens. Alameda Research (one of the 9) jumps in and claims to "buy back" whatever CZ has left to sell. But then, another stroke of bad luck - the balance sheets of Alameda Research leaks. As it turns out, they have NO liquidity, especially not enough to make any FTX buyback. And so, overnight, the price drops a whopping 89% and there goes most of SBF's wealth.
Final Thoughts...
If you're smart enough, have the right support structures and a great PR team, you can grow your fortune with fake virtue signaling. Infact, many philanthropes ( unlike Jeff Bezos 's ex wife whom you probably don't even know about ) will only donate when the camera's are on. They also ensure that they are highlighted as kind hearted saints by the media. They do whatever it takes to hide all the corruption and money laundering behind the scenes. SBF was portrayed as the humble, young billionaire face op crypto, and everyone wanted him in their corner due to his trading brilliance and profitable partnerships. Sometimes, however, when the bad deeds start outweighing the good ones exponentially, it becomes increasingly hard to hide the true events from the public .It has, somehow, come to light that instead of being a humble and charitable public servant, SBF was the leader of a group of kids living the highlife in a penthouse in the Bahamas. Misusing funds for corruption and illegal activities including but not limited to money laundering. And so came the fall of Sam Bankman Fried. His downfall involves deception, illegal activities, large political contributions and the misuse of customer funds. It is noteworthy that most of his wealth was in FTT, native crypto to FTX decentralized exchange (DEX) .
💭...This is no uncommon thing. Many people do the same illegal stuff, probably even on a larger scale but somehow, SBF got burnt. You can't help but wonder... Who Fried Sam Bankman ?
_______________________
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CryptoCheck
Possible reversal on EURUSDYesterday EURUSD reached 1,0440 followed by 200 pips drop to 1,0284.
There will be further volatility caused by the news today. ( US October Retail Sales)
This could be a good time to reverse the movement in EURUSD.
New upward movement to 1,0500 is possible, but no buys are recommended from these levels.
There will be sales opportunities in case of new pullback.
Impulse level breakdown. Gathering of liquidityA strong local resistance level has formed on the instrument, behind which there are many stops of participants, as well as the formation has the form of an ascending triangle, which indicates the interest of buyers.
I will wait for the formation of consolidation and impulse breakdown of several percent with volumes in the tape.
Looking at price action on AUDUSD following CPI reportsInflation is one of the key factors in FED's decisions. It is expected to move the market every time it gets released, especially now that FED is watching.
Previous CPI was on 13/10 - 0.6% against 0.4% forecasted.
There wasn't any directional move on that day, just liquidity sweep on both sides.
Before that, another report came out on 13/09 - 0.6% against 0.3% forecasted.
Price broke out previous session's high before the event and dropped massively with its announcement. So far, this is a never-look-back level.
On 10/08, there was second of only two reports this year that turned out with negative surprise - 0.3% against 0.5% forecasted.
There isn't any immediate low or high breach worth mentioning, the price just rocketed through everything in close vicinity. However, as I marked with Yellow line, there was a significant swing high in 60 days period that was breached only for price to return below it and never look back after. I am adding daily chart below with all of the reports.
From the daily chart, we may conclude that CPI report has a tendency to create Monthly or even multi-month Lows and Highs. Just in the latest 60 day window, the highest price was September's CPI, the lowest price in that window is October's CPI. With the exception of June, the reports always created a significant High or Low or were or were only one day away from it.
Most CPI candles also exert visibly above-average movement and like to take on liquidity in close proximity to the price.
A negative surprise (inflation lower than expected) would likely lead above 0.655, perhaps up to 0.66, but is unlikely to change the trend. This would, therefore, be another highest high for months to come.
A positive surprise could quicklu steer the price below 0.625. I don't think it will go back up on positive surprise, it looks like that would high resistance run, because the price has provably tried to go there and failed on Wednesday's London session. It dropped instead and following New York session made another attempt, yet did not even beat London session there.
Legend:
Lines:
Violet - Monthly Highs and Lows
Dark blue - Weekly Highs and Lows
Cyan semi-transparent - Daily Highs and Lows
Cyan dashed semi-transparent - New York Midnight
Yellow semi-transparent thick - estimated liquidity area
Other:
Purple channel - Single Print, price went either down or up without any overlaps on higher timeframe charts
Yellow, blue, ted rectangles - key forex sessions, first three hours