Value
SOL Bottom TestingSolana has recently been suffering beatings from the lack of trust in the developers after the fall of FTX. Much of the project's assets were tied up in the crypto exchange, to the point where many of their operations and development was dependent on FTX. This distrust in addition to a slow-down in project development and lack of recovery for SOL has contributed to the recent plummeting we have seen. SOL dumps testing new lows and breaking support relatively regularly after the "big drop" as charted, and may continue down this way.
Usd Chinese yuanAll information priced in the price.
China has one main issue and that is how to deal with covid because it seems to repeat.
China has hopes as it can still bounce to the ceiling, but what ever policy is set; drives their economy.
Here's my prayers to the Chinese. Zero covid isn't working because people get sick, but they also get stronger.
Exercise and vaccines help. China should consider assistance from the US on how to get back to normal.
Presearch Holder/Price divergenceI've been following up with the project for a few years now, patiently watching developments and keeping track of their growth.
- Team/Project survived previous bear market.
- Project has +4M daily searches
- From 500M supply, around 250M are being staked
- There are around 70000 nodes servicing the system in a decentralized manner worldwide.
- Still waiting for trend reversal on daily (TSMA-50-100-200)
- Number of new wallets and holders started growing faster than usual since Sep 2022 (diverging from price movements)
- While there's always room for more pain, selling pressure has been flattening since Jul-2023
- Technical developments are slow/steady, regardless market conditions, which shows resiliency from team/project.
Overall, I'm watching this closely, project has great potential, seems quiet undervalued at the moment, charts shows smart money accumulating during this pain period, and the token is getting more scarce as the liquidity crunches unfold.
*I'm not an expert and this is not financial advice, do your own "Presearch".
* Be advised, this is highly volatile region we are due to low liquidity.
Show your love if you want to keep following Presearch developments with me.
BTC compared to the worldDo people still want to hedge using BTC rather than XAU?
This post is not intended to diss anyone, but I really need your thoughts.
Couple stats below for 26/9:
Dollar index: 114
Euro Index: 100
Bitcoin: 19,200
Gold: 1,620
EURUSD: 0.96
Nasdaq: 11,200
Today:
Dollar index: 104
Euro Index: 103
Bitcoin: 16,800
Gold: 1,780
EURUSD: 1.0630
Nasdaq: 10,980
Disregarding the big bull runs that in my opinion are heavily influenced by unlimited printing of money in the past years, when reality kicks in, BTC is starting to settle to what it's supposed to look like, which acts as a leveraged product where I expect it to drop and settle even more, and will be problematic if DXY rises again.
It is my opinion that DXY dropped $10, but BTC failed to see a rise, unlike XAU or other currencies compared to USD.
This means to me that the price of BTC has still not settled to where it's supposed to be and is headed for a drop (without getting technical about it).
What do you all think? Would love to hear from others.
Merry Christmas BitcoinThis has been my main focus this December, and it will continue being till Tuesday when we can expect more Data release to Support or Suppress Inflation for the next year.
We’re sticking to our strategy; till we see otherwise.
Holding Short long term. Projections towards 9k-7k
Ps. Hashrate had some influence today for sure, not really sure how The FED will play it on their plans for the Slow Growth Economy plan.
Merry Christmas!!
Cheers,
XAUUSD Longwith improving global economic conditions, reduced uncertainty in financial markets, and driven by the increase in interest rates by the fed. economic actors began to move their assets into US dollars. it seem xauusd moving on sideways between all time high and 2021 low. plus its already break double bottom pattern
USDJPY fundamental analystsince indonesia nickel export ban in 2019, japan automotive industrys already facing great pressure on their supply chain. after indonesia lossing nickel dispute on WTO, USDJPY seem going bearish as we can see on chart, but recently indonesian goverment announce bauxite export ban which seem drive bauxite price up. as we know japan top export product came from automative industrys, which bauxite are main material for automotive manufacturing. with post pandemic economic condition and material price. it seem difficult to maintain automotive export value at recent level
BSX. Long. Live. Snake.Can this be called testing after the breakdown of descending channel? Probably. Long candle wicks can indicate about low asset liquidity, therefore slightly spoiling the overall picture. Based on the fact that we probably tested descending channel and showed the 6th largest green bar of the histogram, it can be argued that this is a good entry point, considering that RSI stand in oversold zone for some time. In the short term, there will be bullish news for BSX and its ecosystem. This is a public fact, not insider information. BSX, personally, is my choice for investment and I consider it extremely undervalued and promising. DYOR
RMRK. Perfect accumulation zone!$2 - $1,32 is the best entry point for a set of positions. This could result in a 300% short term gain after a global trend change. We have also entered the oversold zone and, in my opinion, we will not stay in it for long, because weak hands are drying up, sentiment is changing, the land sale phase is almost over, and the date of metaverse launching into infinite online is approaching! Do not forget that RMRK is a metaverse currency, which will be needed like blood for the body + RMRK will be needed for NFT collections mint on Singular. Just look at utility and it will become clear to you that this is the best opportunity on the market right now! Toward the end of the decade, I expect a $1-2K per RMRK. Do not forget that RMRK is only on one major exchange - KuCoin. When the series of listings begins, it will be a golden time for RMRK and the price will never return to today's values.
Stock-bond correlation and 60/40 portfolio are at crossroadsIn 2022 the diversification between stocks and bonds within a "60/40" portfolio was an ineffective strategy that yielded negative returns and, as a result, did not safeguard the investment.
The reason was that both equities and bonds plummeted in lockstep as a result of the Federal Reserve's interest rate rises, with the correlation reaching its highest level in a decade. The blue area in chart above shows the 60-day rolling correlation coefficient between the S&P 500 index ( SPX ) and the Vanguard Total Bond Market ( BND ) ETF, which currently stands at 0.89.
The positive stock-bond correlation had typically worked when the two assets climbed upward together in the post-GFC decade, but in this new environment, it did the opposite and for a longer time than in 2008 and 2020.
Similar to 2008-2009, a 60/40 portfolio of global equities and bonds saw a maximum drawdown of 25% this year, but lasted more.
The fall from peak to trough of the 60/40 portfolio lasted 252 days between June 2008 and March 2009, just 35 days between February and March 2020, and 336 days in 2022, making it the longest 60/40 bear market in the past two decades.
60/40 portfolio and its drawdowns – 60% Vanguard Total Stock Market ETF ( VTI ) & 40% Vanguard Total Bond Market ETF ( BND )
As we approach the final FOMC meeting of 2022, the future of bonds and stocks is at a crossroads, and a decoupling between the two assets may occur, making the 60/40 portfolio diversification plan more effective moving into 2023.
If the Fed signals that the end of the hike cycle is nearing and adopts a more dovish stance on inflation, both stocks and bonds will benefit from here.
If the Fed indicates that interest rates will continue to increase and that the window for a soft landing is narrowing, bonds will outperform stocks. However, equities will receive a boost when the recession comes and the Fed is pressured to cut interest rates.
The downside risk of this approach is an excessive tightening of interest rates by the Fed, which might increase bond yields even more (and cause prices to drop) and further devalue equity markets, extending the bear market for the 60/40 portfolio.
BTC Breaks Downward Resistance from ATHIf we view the all time chart on three separate time frames - Monthly, Daily, 4H, we can see that we have broken ATH all the way up to the 3D chart. Weekly and Monthly confirmations coming soon I suspect. To expect Bitcoin to drop further below from this channel into the "Birth Channel", we could see it in 13k's. This channel has only existed in a period once prior, however - before institutional capital started flowing into Bitcoin. To see BTC price go yet even lower than the "Birth Channel" is to expect Bitcoin to drop to a price channel where the only people using it were supernerds, stoners, and their dealers.
You tell me if that is reasonable or not. In my humble opinion: bottom is in, yall.
This is not financial advice.
DXY H4 - Short SignalDXY H4 - Break and retest play seen here on the dollar index around that 105.00 handle. We are hoping to see deeper rejections from this price leading into US CPI figures and also FED interest rate and press conference later on in the week.
The general outlook seems to be a weaker dollar on the basis inflation is starting to cool and central backs are starting to back off with the aggressiveness regarding rate hikes.
NZDUSD shortMore & more leveraged funds are moving their positions in order to short the NZD against the USD.
We can see it with the COT and the flip made 4 weeks ago.
Ok the nzd is rising and the usd is weak but what you need to understand is why leveraged are moving their funds ? Follow the smart people and not the gurus on instagram or whatever.
If we summarize :
-Big flip (negative to positive) 4 weeks ago with a big part of leveraged which are long on usd (against NZD).
-We are reaching a big supply/demand area (close to 0.65)
-The usd will be strong soon and you will understand why.... (The gurus will always talk about a pivot but where is it ? Is it for real or just an illusion ?).
Oh and yes I forgot to say that we're already in RECESSION, stop listening to these lies !!!!!
This is not a financial advice (or a price to enter) but a real analysis, you need to understand how hedge funds and professional are working.
XCH. The only way for chia - fork.Fork to move chia into a "community project". Fork that will completely REMOVE PREFARM. You will start with 1 block by mining the first XCH and start building. Also, advice for fanatical adherents led by "opinion leaders" communities. DO NOT AVERAGE THE PURCHASE PRICE. If you're willing to risk throwing your money into it, don't do it with a fanatical belief that it's a "second bitcoin". There were dozens of second bitcoins, now they are called ruined lives. XCH is a completely ordinary project, with a different form of mining - that's it. Do not build castles in the air - the fall can be too steep.
How to profit from Crude Oil - LONG (and short) The USA is in a political battle over the price of oil with OPEC and right now they are winning, but how low can they go? Not too much lower actually, they need to start buying again to ensure their strategic reserves remain useful and not at risk of dropping below the requried levels to support the country in times of emergency.
OPEC $64 - To ensure OPEC break even on oil product, they will control the market above
SPR $72 - To replenish the reserves the USA is a buyer at $67 - $72 a barrel, not too far from where we are now
EU $70 - The EU are in talks to ensure Russian oil cannot be sold above $70
Pin Bar $77 - We have a bin bar rejection to support the market move North again
Fib 78.6% - We've rejected this level 7 times on the weekly and daily chart
Target 1 - We've already tested and profited from this move upto $82 and we'll be doing that again
Target 2 - Fib 61.8% at 88 will be our next target
Target 3 - Fib 50% at 92 will be our final target
Short - If we break down past 77, we'll be a buyer just below at the SPR support levels.
BTC Under Pressure as Industry CracksHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
Today, a little bit more of a fundamental analysis than a technical analysis (apart from the line break candlestick analysis, which speaks for itself).
Millions of retail investors and speculators have lost their savings in the resounding bankruptcies of crypto firms. Bitcoin faces heavy bearish pressure from sellers as the cryptocurrency industry continues to unravel at the seams. Even the SEC case against Ripple is back in the headlines again. Still, BTC continues to hold above the two-year support zone at $15,500 which it touch during the recent panic selling amid the collapse of crypto exchange FTX.
In total, there have been 7 major bankruptcies since May. In all of them, customers and investors are unsure whether they'll get their money back. It all started May 9 when sister cryptocurrencies Luna and UST, or TerraUSD suddenly crashed, wiping out at least $55 billion . Luna, which was hyped by crypto evangelists, lost all current and future potential value. The rout caused a credit crunch that ended up taking out the hedge fund Three Arrows Capital, or 3AC, to which many crypto firms had entrusted their clients' money to invest. The impact on the industry was huge: Eminent crypto lenders like Celsius Network and Voyager had to file for bankruptcy due to their exposure to Luna and UST through 3AC. BlockFi, which was also affected, had to be bailed out by the FTX cryptocurrency exchange and its founder, Sam Bankman-Fried. Just over three months later, FTX and Alameda Research filed for bankruptcy. BlockFi has done the same, and there's no doubt that more crypto firms will shortly follow, since is it a tightly interconnected space.
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Nonetheless, it's important to note that the underlying technology of cryptocurrencies, blockchain, can still be of benefit outside the cryptocurrency market. If anything, blockchain could come out of the crypto winter even stronger. In an uncertain market, it's good to have some flexibility. That means having the ability to change positions in the market when conditions deem it necessary and not hold on to losing positions unless you're accumulating and playing long term.
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ALPHA.2023My prediction from alpha chart before halving 2024.
If the market trend is upward from the beginning of 2023, there is a high probability that we will see something like this from Alpha. Due to the development of the project and its good cooperation with projects such as MATIC, INJECTIVE, BAND PROTOCOL, OASIS,...