Will it be great again?Markets are also looking ahead to Monday's inauguration of President-elect Trump for potential clarity on forthcoming policy changes.
US Stocks Post Strong Gains.
All signs point to a possible break in resistance levels
Toptrader
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
Oil is now heading for its third consecutive weekly gain.The global oil market is tightening due to reduced supply from key exporters like Russia and Iran, as well as a surge in demand for heating fuels.
Looking at the technical charts, oil prices are very tenacious, as if they are building firmer foundations in preparation for a subsequent breakout to the upside.
Huge Bitcoin Bounce Imminent?The largest crypto slipped to a session low of $91,250 on Thursday, losing about 9% in two days from its Jan. 7 peak above $102,200. BTC has recouped some of its losses and recently traded at $94,390, still down 2.2% over the past seven days.
Traders now expect the Fed to hold rates steadyFor the week, gold is set for its best performance since mid-November last year.
However, the technical setup is still bearish, given resistance at the $2,760/oz level is holding firm.
Higher interest rates reduce its appeal as a non-yielding asset
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.
Is the oil outlook optimistic for the coming months?As 2025 approaches, traders are considering the potential impact of Donald Trump’s presidency, China’s economic efforts, and OPEC+'s gradual easing of production cuts.
Is Tesla's Stock Flying Too High?I think the stock remains sought after in shorter time cycles. So you want to make money but you don't want to chase the stock high and purchase it, you can choose a short cycle option trade.
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.
Equities Could Rise Further in 2025Will there be a bigger bubble in the rising stock market?
Unbelievably, on a technical analysis level, the rise has not come to an end.
ETH is now showing bearish signsA clear move below the $3,300 support might push the price toward the $3,250 support. Any more losses might send the price toward the $3,220 support level in the near term. The next key support sits at $3,110.
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.
Election uncertainty surgesThe retreat by traders underscores concerns about market volatility ahead of the election, with Bitcoin prices highly responsive to political dynamics.
New Risk: A Trump DefeatMarket volatility soars ahead of elections.
Currently down six consecutive days; down 9.76% over this period.
Key points:Polls show tight race, keeping markets on edgeStock markets moved sideways and an uneasy calm settled over currencies and bonds as investors waited for the United States to choose a new leader with polls showing the contest on a knife edge.
I think XAUUSD will rebound moderately.
Possible Skyscraper on USDCADwe broke monthly resistance. If we can close above this level in the next 8 days, we are looking at around 1100 pip gain from the retest.
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
Moving averages are working.Investors holding positions at high levels are in the most dangerous position. The higher the leverage, the greater the price fluctuations, the more difficult it will be for the investment account to withstand the huge retracements and eventual liquidation.
Free-fall dropThere's an invisible air mattress that just about does the job of protecting, and Wall Street investment managers are in again.
SPACE ID | ID The price of SPACE ID is $0.57 today with a 24hour trading volume of 185 million dollars. This represents a 27% price increase in the last 24 hours
SPACE ID is building a universal name service network with a one-stop identity platform to discover, register, trade, manage web3 domains. It also includes a Web3 Name SDK & API for developers across blockchains and provides a multi-chain name service for everyone to easily build and create a web3 identity and ID is the governance token of SPACE ID.
Space ID has an ambitious roadmap for 2023. The project plans to achieve several milestones to enhance its functionality, usability and adoption: Q2 2023: Launch a merch store gated by NFTs with exclusive personalized merchandise for Space ID domain owners; initiate the launchpad for custom TLD domain names that allows communities to build and launch their own domains. Q3 2023: A SID universal domain that represents all user identities and multi-chain addresses with a colon domain syntax. Q4 2023: The SID DAO launch that enables decentralized governance of the project by ID token holders
Space ID has received strong support from reputable investors and partners in the blockchain industry. The project has raised a total of HKEX:10 million in funding over two rounds. The seed round was led by Binance Labs, the venture capital arm of Binance. The strategic round was led by Polychain Capital and dao5, two prominent venture capital firms that focus on web3 innovation. Other participants in the funding rounds include Foresight Ventures and other institutions and industry leaders.
next targets are 0.59, 0.63 and 0.65
Stock market in a frenzyThe more investors expect a "pullback", the less they expect it, and the more the index goes up!
Jumping down, huge lossesNike shares (NKE) finished the regular trading session 20% lower after the stock was hit with multiple downgrades from firms like Stifel, Morgan Stanley and UBS. The selloff marked Nike's biggest one-day percentage decline on record.
