20th December 2023 - Silver 30m buy Silver 30m buy Idea based on smart money concepts
The Daily, 4h and 1h are trending up so I am looking for buys
On the 30m chart we had an area of consolidation, price then takes the lows and reverses to break structure to the up side, leaving imbalance behind
I have my entry at the start of the imbalance for a buy and my stop loss covering the lows
I am looking for a 1:3RR
Signature
XAUUSD Market ViewThe price movement approaching the resistance area with decreasing liquidity indicates a reduced enthusiasm of market participants to buy. This is also supported by the decreased concerns caused by the Silicon Valley Bank & Signature Bank incident. Therefore, it can be concluded to prepare for a selling position.
SBNY Signature Bank exposure to FTXOn December 21 Fitch Ratings revised Signature Bank's (SBNY) 'BBB+' Long-Term Issuer Default Rating (IDR) Rating Outlook to Negative from Stable.
On Jan 10, a team of analysts led by Ken Usdin downgraded SBNY Signature Bank to Hold from Buy, and slashed their target price to $124 from $185.
SBNY Signature Bank said that it had an exposure to FTX of less than 0.1%.
They also announced a reduction is crypto exposure, of which Jefferies analysts said:
“Signature Bank’s decision to shrink its crypto deposits by $8 billion to $10 billion and replacing with wholesale borrowings at 4.25% will drive a significant net interest margin reset in the coming quarters,”, which is a key profitability metric for banks.
Looking at the SBNY Signature Bank options chain ahead of earnings , I would buy the $75 strike price Puts with
2023-6-16 expiration date for about
$4.45 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
The digital signature made in the USA start like a rocketThanks to excellent macro data, the digital digital signature made in the USA seems determined to climb with a good leap, a strong rocket start.
The Marketmiracle advisor based on the Mmiracle Viewer indicator gave yesterday an input signal on Docusign at a price of 233 USD with a target of 307 dollars or with a potential increase of 31.62%.
Surely the covid with the various lockdowns have contributed to popularize the systems of digital and electronic signature and this title now that reveals of economic data can draw great benefits, In Europe companies such as Tinexta and Namirial take care of the same sector and the sector is also booming with us.
From the fundamental point of life the company Docusign has several debts but a portentous growth for several years and the analyses predict a continuation in terms of growth.
From the graphical point of view the chart is compatible with the forecast and I expect a price action similar to the one I drew.
We will see in the next few days if the report of Marketmiracle is truthful as it has often proved.
Find the link to access the Marketmiracle signals for free below on this page.
XAUUSD Swing OpportunityAfter an intraday bearish cycle, price is now sitting at an area of potential high liquidty near the low od December 2020. Price is also sitting on a H4 OB with the potential of a bullish reversal around this price level. Entry at 1768.50 with 3 profit targets: 1810.900; 1844.500 and 1898.000.
Signature is doing crypto banking
Signature bank is in the crypto banking business
there earnings will push up the price
The All time high was $162.86
We are 5% from that high water mark.
Once we pass this mark
it will run up like crazy
the 50 day moving average is way below the 100 and 200 day while the RSI is knocking on the ceiling
I am not buying any more - not financial advice.
$GSS - Genetics Signature is it time to buy now?On the weekly note,
We have a weak bullish TK cross, prices have closed above the cloud which is a good sign that the current support at $0.38 holds. Currently it is a long term hold if you are looking into buying $GSS.
Short term outlook: RSI is hovering close to oversold conditions, Chaikin Money Flow is dropping and that means the buying power is weakening. This is in line with the decreasing volume.
For entries, see below for daily chart.
Progress Slows On Once-Hot Ethereum Privacy Projects////ETH has all but given up on being private,
we will need fungible assets like
XMR to power the smart contracts of the future
if we want to retain our privacy from all///
thereum's moon math is showing signs of coming back to earth.
Such was the feeling at EthCC, an ethereum developer conference in Paris, Thursday, where a dedicated privacy track struck a somber note compared to years past.
Indeed, despite a software upgrade in October that saw improvements built to pave the way for confidentiality, such methods have been shown to exceed ethereum's processing capacity, with the computationally intense cryptography all but bringing the blockchain to its limits.
So, while developers like Andrew Miller had predicted a rise in privacy-centric ethereum applications just months ago, the conference showcased how an almost eerie silence has followed as scaling and security obstacles have proven more difficult to solve than foreseen.
As evidence, ZoKrates, a programming language aimed to equip average developers with the ability to code private contracts, has struggled to find its way out of the setup phase.
Speaking in a presentation today, the code's creator, Jacob Eberhardt, said that ethereum will need to add more cryptographic variables in a system-wide software upgrade for the concept to work. Still, Eberhardt also bemoaned that, given the controversy that can follow such a suggestion, it's perhaps not one that will be adopted quite so easily.
"We don't want to keep adding new crypto," Eberhardt said.
Matthew Di Ferrante, developer at the Ethereum Foundation and founder of smart contract company ZK Labs, echoed this cautionary tone. In a discussion on the relationship and trade-offs between privacy and scalability on ethereum, Di Ferrante went so far as to warn the audience.
"If you think ethereum isn't scalable now, or that blockchains aren't scalable now, the further you get the more alarming it is. Everyone likes to talk about the magic, but not many people can write the code," he said.
The statement is notable considering the urgency of the ideas at stake.
In particular, zero-knowledge proofs, due to their ability to compress information in a concise format, could eventually work to reduce information on the ethereum blockchain, thus enabling better scaling.
According to Di Ferrante, such achievements are still possible, they're just a little further down the line.
He told the audience:
"Progress is slow but that doesn't mean it's not possible."
Waiting for privacy
As an example, Di Ferrante pointed to blockchain voting to illustrate the problems faced today.
"A vote of a thousand people would require a thousand signatures each a thousand bytes each. You would never be able to check a single signature due to the block gas limit," Di Ferrante said.
Such a use case is the core emphasis of Di Ferrante's research, which seeks to anonymize proofs through the use of ring signatures - a way of obscuring information in a retrievable way that works by aggregating the data within a group.
Di Ferrante has found that by using bi-linear pairings, a form of elliptic curve that is active within the ethereum virtual machine, various shortcuts in the complex cryptography can be made to minimize the scalability trade-off.
However, while his prototype has a working implementation, Di Ferrante told the audience, "It's just ridiculous, it's way too inefficient, if people started using that as a main service the chain would go down again."
And that wasn't the only sobering note struck at the conference today.
Currently, in order to generate a ZoKrates contract, each individual needs to enact the setup phase themselves, a fact that is perhaps slowing the adoption of zero-knowledge cryptography into businesses built on the ethereum platform.
In the generation of a zk-snark, information is produced that could allow the holder of the information to falsely manufacture transactions, providing the data generated by the zk