GbpUsd expert analysis from 28-03-2022 - Weekly forex forecast This is our expert trade idea on the GbpUsd pair. Let us look at some leading indicators. Fundamentally,
We are looking to expect the GDP release from the US and the UK on the 30th and 31st of this month which may e more favourabe for the US owing to the prevailing "cause and effect" market environment situation.
Sentimentally, despite recent interests hike rates in the UK to cushion the effect of inflation, the British pound has not seem to gain the confidence of investors.
Technically, as seen on the schematics, GbpUsd already trading below the moving average earlier broke a weekly demand zone coincidentally at the height of the tension of Russia and Ukraine crisis. We can see price made a corrective move into the previously broken demand zone and finding it difficult to break the zone. Hence, I took the risk of shorting the GbpUsd this morning.
Let us take some risks, let us make some money. Millionaire logistics
Sentimentalanalysis
DOGE (Dogecoin) Coin Analysis 26/03/2022Fundamental Analysis:
Dogecoin (DOGE) is based on the popular "doge" Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin's creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin.
Dogecoin has been used primarily as a tipping system on Reddit and Twitter to reward the creation or sharing of quality content. You can get tipped Dogecoin by participating in a community that uses the digital currency, or you can get your Dogecoin from a Dogecoin faucet. A Dogecoin faucet is a website that will give you a small amount of Dogecoin for free as an introduction to the currency, so that you can begin interacting in Dogecoin communities.
Dogecoin differs from Bitcoin's proof-of-work protocol in several ways, one of which is by using Scrypt technology. The altcoin has also a block time of 1 minute, and the total supply is uncapped, which means that there is no limit to the number of Dogecoin that can be mined. You can mine Dogecoin either solo, or by joining a mining pool. A Doge miner can mine the digital currency on Windows, Mac or Linux, and with a GPU. As of 2014, you can also mine Litecoin in the same process of mining Dogecoin, as the processes were merged.
In 2014, a not-for-profit foundation was formed by members of the Dogecoin team to provide support, advocacy, trademark protection and governance for the cryptocurrency project. However, the foundation was dissolved over time.
After several years of being inactive, the foundation was relaunched in 2021 with a “renewed focus on supporting the Dogecoin Ecosystem, community and promoting the future of the Dogecoin Blockchain.” In addition to some of the original core team, the project now has some seasoned industry players as part of its board of advisors.
According to the foundation’s website, members of the board will meet monthly to discuss issues relating to Dogecoin.
In regards to its advisors, the group is made up of Dogecoin founder Billy Markus, the project’s core developer Max Keller, Ethereum founder Vitalik Buterin and Elon Musk as represented by the head of the Musk’s family office, Jared Birchall.
Members of the Board of Advisors will function in various capacities. While Keller will serve as the project’s technical advisor, Markus will be in charge of the community and memes. Meanwhile, Buterin will function as the blockchain and crypto advisor for the foundation, and Birchall will represent Elon Musk as legal and financial advisor.
As a first assignment, the Board of Advisors will be working to secure three-year funding that would allow it to employ a small, dedicated staff to work on Dogecoin full-time. Up until now, the work on the ecosystem has been done by volunteers.
The success of Dogecoin is closely intertwined with Elon Musk's passion for it. Musk began tweeting about Dogecoin in early 2021, sharing a Lion King DOGE meme. That kickstarted a furious DOGE rally — with temporary dips — that culminated in Musk's appearance on Saturday Night Live.
After the SNL appearance, DOGE crashed despite Musk's promises to moon its price. In the following months, Musk seemed to lose interest, and the price of DOGE has tumbled over 70% from its all-time high. However, Musk still yields power over Dogecoin, as occasional tweets indicate.
The current CoinMarketCap ranking is #13, with a live market cap of $17,415,963,742 USD. It has a circulating supply of 132,670,764,300 DOGE coins and the max. supply is not available.
Technical Analysis:
As this Crypto Asset has lost 85% of its Price Value it seems to be Discounted and Undervalued and can be considered as an Investment Opportunity.
There exist a Bullish Divergence of Price and MACD, which is the very sign of Bearish Trend Reversal and start of the new Bullish Cycle, alternatively we have defined 3 New Targets, where we expect the next bullish Trend to Achieve.
There are 3 Targets defined by Fibonacci Trend Base Extension Levels, where as the 3 TP gets its Confirmation, as the price action triggers the 2 TP, followed by some price correction and retracements consequently Reaccumulate at lower levels and lets the Smart Money Flow in to it and the Propagandas will Start. so it shoot for the 3 TP which is 2$.
Sentimental Analysis:
There exist Possibility of higher Price as this Asset has a lots of controversial Sentiments Around it and the overall human's mind consensus can be controled by Mass Media and it can result in the lots of hype, probably followed by public fund inflow and it can pomp the Price to 5$ or even higher...
BTS (BitShares) Coin Analysis 26/03/2022Fundamental Analysis:
BitShares is a decentralized platform designed to provide a more efficient global payment network and is commonly used for securely trading cryptocurrencies without any intermediaries.
It was originally launched in July 2014 under the name ProtoShares (PTS) but was rebranded to BitShares (BTS) less than a year later.
The platform is powered by the BitShares (BTS) token, a native utility token that can be used for several purposes, including the creation of smartcoins known as “BitAssets,” which can have a variety of parameters and can represent practically anything — such as reward points, collateralized fiat-pegged tokens and IOUs.
The BitShares platform is managed by a decentralized autonomous company (DAC), which allows BTS token holders to decide the future of the platform, and decide which features to add next.
It runs on an open-source blockchain implementation known as Graphene, which is reportedly capable of processing up to 100,000 transactions per second (TPS) — making it faster than both MasterCard and VISA combined.
As of January 2021, BitShares is in the process of a relaunch, and will be going through several major changes throughout going forward.
One of BitShares’ major distinguishing features is its integrated decentralized cryptocurrency exchange platform (DEX), which allows users to trade regular cryptocurrencies, as well as more traditional financial instruments (via BitAssets) without middlemen.
Because of its native DEX and support for synthetic assets (BitAssets), BitShares is often touted as the world’s first DeFi capable blockchain.
As we previously touched on, BitShares uses distributed autonomous companies (DACs) to produce a self-governing, self-financing system that allows BTS holders to set the business rules that govern the BitShares ecosystem through a secure proposal and voting procedure.
BitShares is also one of the few blockchain platforms to completely do away with addresses. Instead, it uses simple memos to distinguish users, making it one of the more accessible crypto platforms. It is also built around a popular referral program that is used to incentivize the growth of the network by distributing upgrade fees between referrers and the BitShares network.
It was the first blockchain to use self-governed delegated proof-of-stake (DPoS) technology and has an ~3-second processing time for transactions, making it one of the fastest blockchains currently operating.
In September 2020, the BitShares platform underwent a hard fork, leading to the creation of New BitShares (NBS) — a derivative project that is not affiliated with the original BitShares. As a result of the fork, BTS holders were airdropped NBS tokens at a 1:1 ratio.
As of January 2021, there were just under 3 billion BTS in circulation. This is equivalent to 83% of the maximum BTS supply — making it highly diluted.
BitShares was initially funded by community investments totaling 5,904 BTC, as well as 415,000 Proton Shares (PTN) in 2014. At the time, this was worth around $3.6 million.
The full BTS tokenomics are not publicly available.
BitShares uses a custom delegated proof-of-stake (DPoS) consensus mechanism to secure its network. This uses a combination of witnesses and decentralized voting processes to produce a more democratic consensus system that avoids the possible negative effects of centralization.
This system reduces the need for multiple transaction confirmations, ensuring BitShares transactions can be finalized extremely quickly. Instead, delegates (known as witnesses) are responsible for producing and broadcasting blocks, with numerous safeguards in place to ensure these witnesses act in the best interests of the network.
The current CoinMarketCap ranking is #454, with a live market cap of $73,058,255 USD. It has a circulating supply of 2,994,600,000 BTS coins and a max. supply of 3,600,570,502 BTS coins.
Sentimental Analysis:
There seems to be a huge fall of BTC.D or Bitcoin Dominance coming and the Total Market cap Rise, which can be interpreted as an Altcoin Season initiation, and its confluences with the current Price to Value Ratio of some Crypto Assets, makes a good Sentimental Indication, that the Altcoins are going to pump and gain some Price Appreciations in the upcoming months.
Technical Analysis:
As this Asset has Fallen to the 90% zone of its All Time High, it seems to be undervalued and worth of investment at this level so we have used Fibonacci Tools to define 3 Up coming targets where the new Cycle will Go through in its formation so we can squire off our Positions and liquidate the holding asset to maximize profits.
There exist a Bullish Divergence of Price Action with MACD, which is a very significant sign of Bearish trend reversal and Beginning of the new cycle with the impulsive bullish trends.
there are total of 3 Targets defined with the Fibonacci Trend base Extension tools where as the 3TP gets its confirmation as the Price Touch or Crosses the 2 TP followed by some Price correction.
Outlook on SPY leading into the weekendI know this is a little bit of a messy chart. Alot of trend lines and yellow rectangles-
Here is the breakdown and outlook for SPY leading into the weekend and next week-
I am anticipating a small correction this morning that will lead us to Pre market gap fill with a target of 426.44. This will achieve gap fill and trendline support (Green box for reference)
From there, i will be looking for confirmation of strength and bounce and will enter a long position (Put Credit Spreads likely) where my next bullish target will be 437.10. This is my breakout target for the massive triangle we have seen (we can see part of it in the chart) AND it is a gap level that will be filled once hit. (Purple box for reference)
There is a much larger gap towards the bottom of the chart. I do anticipate us to fill this gap at some point in time. However, generally when there is a large trend reversal, we almost always leave a gap for us to come back and respect.
NZD/JPY Downside Fundamental Bias NZD/JPY 📉 Downside Fundamental Bias - Active Trade 🟢
- This forecast is very valuable if you currently have trading experience.
- If you are a day trader, you can look at the technical levels and trade to the forecast direction we predicted and make more profits.
- This forecast is based on the current market sentiment and the fundamental value of the currency. Sentiment can change on the news at any time.
- Please Follow Money Management
NZD/JPY BUY Swing SetupNZD Bullish and Market Sentiment Playing Risk On.
Long Term Target 78.445
- This forecast is very valuable if you currently have trading experience.
- If you are a day trader, you can look at the technical levels and trade to the forecast direction we predicted and make more profits.
- This forecast is based on the current market sentiment and the fundamental value of the currency. Sentiment can change on the news at any time.
- Please Follow Money Management
Are you an emotionally invested bear? Spare me a quick read.Lets sit back for a quick moment, and relax. Forget about price for a few minutes while reading this post.
Love it or hate it, markets just do not work out for most retail traders. You got into this because of hype at some point anyways right? Hype is a huge reason for your losses. When markets dump unexpectedly (Or is it really unexpected?) retail has this idea of "Trend Lines" that prices have to stick to, "Supports & Resistances" that price HAS to react off from. Almost like an IF ELSE statement.
Obviously, no one can predict where the market is going the next few weeks. If you've caught up with the narratives as of late, you'd suspect that sometime this week could be a bullish sentiment shift. And some are still validating bearish sentiment news that has been apparent for a long time now.
If you take the law of "Nothing ever comes easy in this market" you'd know that following the herd without much deep dived evaluation of everything, is where you'd lose the most amount of money potential.
Right now, the emotional sentiment of the markets is: We're dropping, we're free falling, shits just going down anyways. No one is really thinking about anything bullish right now correct? In history, that is always the point where shit starts to fly up.
Investing as a get rich quick scheme gets you rekt
Investing with the idea of being "Performant", makes your investments efficient.
The beauty of the markets is that 95% of people are head-down sucking up news and reacting off it, giving up, being greedy etc.
To stay in the market long, one must realize that both sides of the train gets you rekt.
Just sit back and relax, and invest as much as you can afford to lose, invest in the right protocols and let them do their thing, you'd be so much better off in a market filled with volatility.
Things that are getting cheap does not equal to them being worthless. Markets always tend to overreact, at some point markets will receive a bounce. SO TLDR, it is UP TO YOU to decide to worth of a project, how great is the R:R of this investment. Good luck out there everyone!
Gold to 2000? Just a clear chart. No drawings. Sometimes simple look shows the way. Inflation, technical analysis, sentiment analysis and no trust in fiat will push the gold up. Not suitable for day traders. Think long term.
My opinion only. The trade u gonna make which you would gain or loss is ur responsibility.
SQ double bottom?This is a very classic setup on SQ. Buying off daily 200 on a double bottom. And in the last 3 bars it was a perfect breakout. Nice close today. Nice increasing volume on the long bearish dip in Oct 4th meaning people are trapped. Nice 1.4 risk/reward ratio.
But the experienced trader inside me is yelling and saying I should buy the stop of this classic setup. What do you think I will do :wink:?
GOLD potential LiquidationWith the BC point in motion, we are anticipating an UPTHRUST retest which result in short sell thereafter it, until the UTAD, where there can be a strong upswing. With the NFP Friday ahead, gold will have bullish moves as a result of the high expected rates that might not be met.
Gold: How to Combine Technical & Fundamental To Get Best ResultsWhat Does Market Really Follow?
We all know that market is normally run by based on Technical Analysis, Fundamental Analysis, and Trading Sentiment. If you want to get a high result on your trade, you must combine these 3 analyses.
As USD and Gold both are safe-haven currencies and reserve currencies as well. USD and Gold have a negative co-relation. If the USD rise, Gold will drop. If the USD drops Gold will rise.
Which Fundamental Factors Are Responsible for Golds Move?
1. US Economical Reports
2. World Wide Economic Conditions
3. Man-made or Natural Disaster (For the moment Covid Situations)
4. Political or Economic Crisis
5. Central Bank's Rate Decision and some other reasons.
What to Do Firstly?
You must have a look at US economic reports. US job Market Report, CPI, Manufacturing Reports, and FED economic Overview. If most of the fundamental reports are positive from the USA, that means fundamentally USD is in a good position, which means Gold has a chance to drop.
especially CPI / Inflation reports are important for hiking bank rates. So, if you see recent most of the high-impact reports are positive, that means gold has more chance that it will drop and FED is going to deliver the hawkish statement. FED's hawkish statement will give an extra benefit to USD what is negative for Gold.
What to Do Secondly
Now see your technical chart. A trading view has many awesome tools to draw your Technical Charts. Personally, I do follow pure price action. Based on your chart analysis, find an entry rate, exit rates, and where the stop loss and profit should be put. You can use any kind of technical tools, indicators of what is suitable for you.
What To Do Thirdly?
To get the trading sentiment, Option expiry and Cot reports will help you a lot. Especially cot reports are free, so check last cot reports. Day Traders usually follow non-Commercial contract positions. if you are a day trader checks a non-commercial contract. if most of the contracts are in a short mode, that means banks, hedge funds, and other financial authorities are selling more.
commercial contracts are also very important. because they are big guns and big companies. you should also check their position. Non-Reputable contracts are not really important.
How Will I Combine Technical and Fundamental Analysis and implement to my trade?
This is the final part. If you see most of the US economic reports are positive in recent months, especially job market reports, manufacturing reports, and Inflation reports. In this case, most of the time FED delivers a hawkish statement. So, you think for Buying USD and Sell Gold.
If you see US Economic reports are not supportive, then think about selling USD and buying Gold.
This is the first part. I will write details about it in my second part. till then keep reading.
If you think this article helped you then, like, comment, and share with your trader's community.
Sunday Prep 7/25 - $SPY/$ESThe market gave the retrace back to the 50d like we were thinking it could. But the problem for me is that it didn’t spend any real time down there. Instead, it immediately bounced and we are already back at new ATHs. It really gives me concern about whether it can actually hold. Only time will tell, but moving forward, I will be pretty cautious with longs. As always, the higher it goes without any consolidation, the more I will lean towards looking for short setups. Starting to wonder if 4500 is in the books for this week at some point. Butttttttt………..remember, this is arguably the biggest week of earnings season, so if certain names miss on numbers and get smoked, so too might the market.
Interesting thing is that we haven’t lost the previous month’s lows since last September, almost a year ago. Obviously we will see signs of weakness well ahead of ever losing the previous month’s lows, but once we start to see signs of cracking, this would be something I look for to get confirmation that we may very well be starting to roll over. But please don’t misinterpret this as me being bearish. I’m merely doing the necessary prep work to always be ready for anything. Till then, laissez les bons temps rouler. To the moon!!!
TV Chart link:
TV Chart link:
Trader's worst enemy ☠️Hi everyone,
Wish y'all have a profitable life.
📌 Today I would like to talk about a very important factor that every trader has to consider very important in their technical analysis.
⚠️ The topic is "EMOTION" and how it can lead to possible profit and or losing money.
⚠️ And how can you avoid "FOMO TRADING" !
📍It's almost been a year that I have started trading and at the beginning I have participated in various technical classes such as ICHIMOKU, Price Action, E-Wave, etc. Furthermore, I can assume that I have made some money as well as some losses.
🧐 The question is; how to avoid serious money loss??
📍 The answer may differ from each person to the other and person by person. However, the most common answer might be: "EMOTIONS"
📌 We are human-beings and it is completely normal for each human-being to decide based on emotions and not considering facts and reasons.
🧐 What does this exactly mean?
📍 The answer is: We may dismiss or not consider some reasonable facts and decide emotionally not reasonably.
📌 As you can see my E-wave analysis may be THEORITICALLY correct but not resoanbly.
🧐 What does it mean if we have a total of 9Trillion dollar of worth in crypto-currency?
🧐 What if this new version of .com bubble explode at some points?
📍Always, consider fundamental analysis in your technical analysis and your technical analysis in your fundamental analysis
⚠️ Keep your faith for when you are in church and your belief when you are in a hospital
⚠️ Trading is a game of numbers and numbers do not understand any emotions...
⚠️ Trading is a game of indexes, algorithms, pure mathematics and supply and demand, please do not believe in chart!
🧐 I am looking forward to update my toturial and tell you guys more about sentimental analysis.
Please let me know if you have got any problem and or questions
GBP/USD Swing Trade IdeaThe Pound has been gaining strength lately due to the heavy market-sentiment-driven market pressure. The UK is inching closer to reopening its economy to international travel, reviving the hospitality sector, increasing positive data from the services and manufacturing data. The majority of GBP pairs have been in consolidating as we await the June 21st decision. PM Johnson has expressed concerns around the growing numbers of cases due to the Indian variant but is facing pressure from his party officials to remain on the track of reopening the economy as planned. Any movements seen recently will be due to the market sentiment as technicals and fundamentals set up in a favorable manner.
Key Dates I'm watching for:
June 15 - Gov Bailey Speech about the growth in the financial sector and CPI
June 16 - US Interest Rates
June 17 - Unemployment Claims
June 21 - Decision about the UK economy
June 24 - UK Interest Rates