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Holding gold or BTC ?At the time of writing, BTC commands a total market cap of slightly more than $1.9 trillion, while gold’s market cap is almost 10 times greater, around $19 trillion. While there is still a lot of room to grow for BTC, experts opine that it won’t be long before the ‘digital gold’ starts chipping away at gold’s dominance. In a recent client note, analysts at trading firm Bernstein predicted that BTC is on track to replace gold in as little as 10 years. The note stated that BTC is slated to assume gold’s role as a reliable safe-haven asset.
OANDA:XAUUSD
by Super_B_XinR
Bitcoin (BTC/USD) forming a potential triple topThe chart shows Bitcoin (BTC/USD) forming a potential **triple top** pattern at the key resistance zone of around 102,600. This is a bearish reversal structure, signaling potential downside if confirmed. Here's the short analysis: 1. **Key Observations**: - **Triple Top Formation**: Indicates strong resistance at the 102,600 zone. - **Bearish Structure**: Price previously rejected from this zone twice, leading to a significant decline. - **Break of Structure (BOS)** and **Change of Character (ChoCh)** labels hint at bearish momentum after failed attempts to break resistance. 2. **Next Steps**: - **Wait for Confirmation**: The chart suggests waiting for bearish confirmation, such as a strong rejection or a BOS to the downside, before entering a sell position. - **Target Levels**: Downside targets could be the next significant support levels, likely around 100,000 and 96,000, as indicated by the arrow. 3. **Risk Management**: - If price breaks above the resistance (invalidating the pattern), bullish momentum could continue, so stop-loss placement is essential above the resistance zone. BITSTAMP:BTCUSD
BITSTAMP:BTCUSDShort
by TRADE_CENTER_1
Would a brokerage recommendation be reliable?Of the 44 recommendations that derive the current ABR, 37 are Strong Buy and three are Buy. Strong Buy and Buy respectively account for 84.1% and 6.8% of all recommendations. The ABR suggests buying Nvidia, but making an investment decision solely on the basis of this information might not be a good idea. The overpriced stock isn't going to continue to draw more money into the stock, and it may be time for the stock to enter a correction, with the risk of a short-term pullback increasing.
NASDAQ:NVDAShort
by Super_B_XinR
Options StrategyThe precious metal has slid against stronger U.S. Treasury yields, with the market looking ahead to 2025 for fresh catalysts. Market pessimism around the prospect of significant U.S. interest-rate cuts in the new year have kept consistent downward pressure on gold prices in late December, reflecting hawkish Federal Reserve commentary and the inflationary nature of many of President-elect Donald Trump's mooted policies. Higher interest rates for longer typically damp the appeal of non-interest bearing bullion.
OANDA:XAUUSD
by Super_B_XinR
Key factors affecting stock performance in the near future.Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
NYSE:RTXLong
by Super_B_XinR
Ripple / XRP AnalysisXRP price today is $0.39 with a 24hour trading volume of 1.2 billion dollar. XRP price is up 1% in the last 24 hours and 11% since last week In the daily timeframe, the price formed an ascending price channel pattern, and after being supported by the lower trendline, it started moving upward. However, the $0.4 resistance level has paused the rally for now, resulting in short-term price consolidation.If xrp surpasses the $0.4 level, the channel’s middle trendline and the $0.5 levels will be the next obstacles to surpass. On the other hand, if the $0.4 level rejects the price, the channel’s lower boundary will be the next significant support level. short term targets are 0.43 , 0.45 , 0.47 and 0.5$ Ripple Moves 100M XRP amid growing whales Interest in asset plus xrp overtakes BTC and ETH in terms of trading Volume in Australia
by moonypto
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