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BCH Bitcoin Cash and the Wall Street-backed EDX Exchange Launch If you haven`t sold BCH here: Then you should know that the recent launch of the Wall Street-backed cryptocurrency exchange, EDX Markets, is a significant development that signals growing acceptance and adoption of digital assets within the traditional financial industry. This event brings a bullish sentiment to the crypto market, indicating increased confidence from institutional investors. EDX Markets is specifically designed to facilitate safe and compliant trading of digital assets, offering clients distinctive benefits such as competitive quotes, liquidity, and a non-custodial model. By prioritizing best practices and establishing trusted intermediaries, EDX aims to alleviate conflicts of interest and provide a secure trading environment. The initial assets available for trading on EDX are the largest cryptocurrencies by market capitalization, including Bitcoin (BTC) and Ethereum (ETH), as well as Litecoin (LTC) and Bitcoin Cash (BCH). This selection showcases the platform's focus on the most established and widely recognized digital currencies, instilling confidence in investors. The entry of prominent financial players such as Schwab, Fidelity, and WisdomTree into the cryptocurrency space further strengthens the bullish case. WisdomTree Investments' recent application for a Bitcoin exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC) reflects the growing market interest in this investment vehicle. With BlackRock's filing also fueling the discussion around Bitcoin ETFs, it is evident that established firms recognize the potential of cryptocurrencies as a legitimate asset class. In this context, my short-term price target for BCH is $147. However, I maintain a bearish outlook for the overall year due to the ongoing Binance investigation and the lawsuit filed by the SEC. Looking forward to read your opinion about it.
Long
by TopgOptions
S&P 500 Daily Chart Analysis For Week of June 16, 2023Technical Analysis and Outlook: The Reignited Rally continues to move forward this week, hitting our target Outer Index Rally 4412 and, by doing so, completing Inner Index Rally 4444. This suggests a couple of trading scenarios: The unconfirmed completion by Trade Selecter, the market severity will pull back to Mean Sup 4365, followed by a solid bounce to retest the developed and confirmed by Trade Selecter Key Res 4425. The second scenario will display Spooz regrouping within the vicinity of developing Key Res and penetrating higher by targeting Outer Index Rally 4480. Trade Selecter will closely monitor any updates and share any valid confirmation with you.  (Please note that there will be no Daily Chart Analysis for the week of June 23. The next update will be on June 30). 
SP:SPX
by TradeSelecter
Nvidia's runaway gap could keep it king of the NasdaqWhilst Meta platforms has closed the gap with Nvidia in terms of YTD performance on the Nasdaq 100, Nvidia remains king of the crop having climbed over 170% from its 2022 low. Prices blew past their previous record high set in 2022, and since consolidated around the current cycle highs. An initial inspection of the higher timeframes suggests it could be 'overbought' - at least over the near-term. But to expect a solid reversal of gains would likely require the combination of a broader market downturn alongside loss of confidence in AI (with the latter feeling unlikely at present). Therefor, a broader market downturn could simply provide the catalyst for a pullback and for AI-bulls to load up at more favourable levels. And if a downturn does not occur? We could be looking at a breakout from its current consolidation. Assuming the recent swing lows hold and prices break higher, it could trigger another bout of technical buying from those who identified the 'runaway gap'. Such gaps tend to appear around the midway point of a strong trend, and mark another round of strong buying as those who missed the first move cannot sit on their hands any longer. And with the AI frenzy unlikely to peter out for some time, perhaps a bullish breakout isn't so crazy (even if the charts suggest it could be overbought by some measures).
NASDAQ:NVDALong
by CityIndex
WORLD'S TRADING TITANS: The Top 10 Traders Who Ruled the Market.This article is about the world of iconic traders. They've left a profound mark on the world of trading, inspiring countless traders with their strategies and insights. Jesse Livermore Jesse Livermore, often referred to as the "Great Bear of Wall Street," was a self-taught trader who started his journey at the age of 14 and became one of the most influential traders of his time. He made (and lost) several fortunes betting against the market during the 1907 Panic and the 1929 Crash. Livermore's trading strategy was heavily based on price movements and market psychology, rather than intrinsic value of companies. He was known for his supreme discipline, focusing on timing, price patterns and his well-known adage: “The big money is not in the individual fluctuations but in sizing up the entire market and its trend.” One of Livermore's core principles was the importance of letting the market, rather than emotions, dictate when to buy and sell. He believed in following the big market trend, also known as trend following. His rules around cutting losses quickly, letting profits run, and adding to winning positions are still religiously followed by many traders. Lastly, Livermore emphasized the importance of patience in trading. He famously said, "It was never my thinking that made the big money for me. It always was my sitting...Men who can both be right and sit tight are uncommon." This highlights the importance of waiting for the right opportunities and not overtrading, a lesson that remains relevant for traders today. Livermore's life serves as both an inspiration and a cautionary tale for traders, reminding us of the potential rewards and risks that come with trading. George Soros George Soros is a legendary trader known as "The Man Who Broke the Bank of England." In 1992, he bet against the British Pound, believing that it was overvalued relative to other currencies, notably the Deutsche Mark. His bet paid off, earning his fund an estimated $1 billion in a single day. Soros' trading style falls under a global macro strategy, which involves making large bets on economic trends in various asset classes like currencies, bonds, and commodities across the globe. His ability to detect significant changes in economic conditions and market sentiment, combined with an aggressive risk tolerance, contributed to his extraordinary profits. Central to Soros' approach is the concept of reflexivity, a theory he developed. Reflexivity posits that market perceptions can shape the underlying economic fundamentals, which in turn influence market perceptions, creating a feedback loop. According to Soros, markets are not always in equilibrium or accurately reflecting fundamentals, and these discrepancies can create lucrative trading opportunities. Soros has been a prominent figure not just in trading, but also in philanthropy and politics. His trading career serves as a testament to the potential of a global macro strategy and the importance of understanding both market sentiment and macroeconomic fundamentals when making trading decisions. Despite his success, Soros' strategy involves a high level of risk and requires deep knowledge of global economics, and thus may not be suitable for all traders. Paul Tudor Jones Paul Tudor Jones is one of the most successful traders in the world, known for his ability to navigate and profit from volatile markets. He gained fame after predicting and profiting handsomely from the 1987 stock market crash, a feat which earned him a legendary status in the trading world. Jones' trading style is predominantly macro, meaning he makes bets based on economic trends and events around the world. He trades in a variety of markets, including equities, commodities, currencies, and bonds, and is known for his versatility and adaptability. An avid user of technical analysis, Jones employs chart patterns, price movements and other analytical tools to identify trading opportunities. He combines this with a deep understanding of market fundamentals to create a comprehensive trading strategy. One of Jones' most well-known tenets is his focus on risk management. He is often quoted saying, "If you have a losing position that is making you uncomfortable, the solution is simple: Get out." This reflects his belief that protecting capital and managing losses is more important than chasing profits, a strategy that has served him well throughout his career. Jones is also known for his philanthropic efforts. He founded the Robin Hood Foundation, a charity that combats poverty in New York City. His story reminds traders of the importance of risk management, adaptability, and giving back to the community. Richard Dennis Richard Dennis, a commodities trader from Chicago, is a trading legend who rose to fame in the 1970s and 80s. Starting with a small loan, he quickly amassed a fortune, earning him the moniker "Prince of the Pit." But Dennis is perhaps best known for his role in a unique trading experiment that sought to answer an age-old question: Are traders born or made? Dennis' personal strategy centered on trend following - buying when prices increase and selling when they decrease, essentially riding the market's momentum. He believed that price, and how it changes over time, is the most crucial piece of information for a trader. To settle the debate on whether trading could be taught, Dennis and his partner William Eckhardt conducted the "Turtle Traders" experiment in the 1980s. They selected a group of individuals with no trading experience, trained them for two weeks using a simple set of rules based on trend following, and then provided them with money to trade. The experiment's results were astounding. Over the next four years, the Turtles earned an average annual compound rate of return of over 80%. This proved Dennis' theory that anyone could learn to trade, given the right system and discipline to follow it. Dennis' story is a powerful reminder that successful trading is not just about inherent talent but also about discipline, a well-defined strategy, and the ability to follow that strategy consistently. Stanley Druckenmiller Stanley Druckenmiller is a highly respected figure in the world of trading, known for his impressive track record and his role in some of the most legendary trades in history. As a fund manager for George Soros, Druckenmiller was instrumental in the trade that "broke the Bank of England," earning a profit of $1 billion. Druckenmiller's approach to trading is top-down, which means he first considers macroeconomic factors and themes, and then identifies the best investments within that context. He is not averse to placing large, concentrated bets when his confidence in a trade is high. This approach requires a deep understanding of economics, keen intuition, and a high tolerance for risk. Risk management is an essential aspect of Druckenmiller's strategy. He is known to go all in when he's confident in a trade, but he is also quick to exit a position when he realizes he's made a mistake. As he often says, "The first thing I heard when I got in the business...is bulls make money, bears make money, and pigs get slaughtered. I'm here to tell you I was a pig." Druckenmiller has an impressive ability to make bold and accurate market predictions. For instance, he successfully predicted and profited from the dot-com bubble's burst in 2000, and later, the financial crisis of 2008. While his aggressive style and remarkable intuition might not be replicable by every trader, Druckenmiller's story underscores the importance of understanding macroeconomic themes, being confident in your convictions, and the crucial role of risk management in trading. Ray Dalio Ray Dalio, the founder of Bridgewater Associates, one of the world's largest and most successful hedge funds, has left an indelible mark on the world of finance with his innovative approach to investing and risk management. Dalio pioneered the risk parity strategy, which aims to balance the allocation of risk, rather than the allocation of capital, in a portfolio. His "All Weather" portfolio, designed to perform well across various economic environments, is a prime example of this strategy. It is diversified across different asset classes such as stocks, long-term and intermediate-term bonds, and commodities, designed to balance risks of inflation, deflation, and economic growth. Dalio believes that economic events and market behavior are cyclical, a concept he outlines in his book "Principles." Understanding these cycles, according to Dalio, is key to making successful investment decisions. He combines these economic principles with a fundamental and quantitative analysis to make his investment decisions. Dalio also champions the idea of radical transparency in the workplace, arguing that open and honest communication leads to better decision-making and helps avoid persistent problems. He applies this philosophy to his own investment process, using a systematic, rules-based approach to decision-making that reduces the role of emotions and subjective judgment. Dalio's approach underscores the importance of diversification, understanding macroeconomic principles, and systematic, rules-based decision-making in investing. While Dalio's strategies might require a high level of understanding and are not suitable for all investors, his principles and methodology offer valuable lessons for investors of all levels. Ed Seykota Ed Seykota is a trading legend and pioneer of systematic trading who used computerized systems to follow price trends long before such practices were commonplace. Notably, he turned $5,000 into $15 million over 12 years, proving the potential of trend-following strategies. Seykota's trading methodology is deeply rooted in the principles of trend following. He believes in going with the flow of the market, buying when prices are increasing, and selling when prices are decreasing. Seykota’s approach was to identify long-term trends and then take positions in those directions, riding them for as long as they remained intact. Seykota is also known for his emphasis on psychology and personal discipline in trading. He often stresses the importance of understanding one's emotional responses to gain and loss, and managing those feelings effectively to make rational trading decisions. Seykota famously said, "Win or lose, everybody gets what they want out of the market." Moreover, Seykota is a strong advocate of risk management. He believes that managing risk is a key element of long-term success in trading. He often talks about setting stop-loss levels and adjusting them according to market movements to protect his portfolio from significant losses. Seykota's story offers key lessons in the power of trend-following strategies, the importance of psychological discipline, and the crucial role of risk management in trading. Despite the sophistication of his methods, the core principles behind Seykota's success can provide valuable guidance for traders of all levels. Linda Bradford Raschke Linda Bradford Raschke, a prominent figure in the trading world, is known for her technical and fundamental analysis of the futures and equities markets. With a trading career spanning over three decades, Raschke's success underscores the importance of consistency, discipline, and a thorough understanding of market dynamics. Raschke's approach to trading is methodical and rule-based. She uses a mix of chart patterns, indicators, and market cycles to guide her trading decisions. One of her best-known strategies is the "Holy Grail" setup, which combines a moving average with the ADX indicator to identify potential breakouts in the market. In addition to technical analysis, Raschke pays close attention to market fundamentals. She believes that while patterns and indicators can signal trading opportunities, understanding the underlying factors driving market movements is crucial to making informed decisions. Raschke also emphasizes the importance of discipline and risk management. She believes that sticking to a well-defined trading plan, and not letting emotions influence trading decisions, are key to successful trading. As she often says, "Discipline is the ability to sit and wait." Raschke's experience reminds us that successful trading requires a mix of technical knowledge, a deep understanding of market dynamics, and a strong sense of discipline. Whether you're a novice trader or a seasoned veteran, Raschke's approach offers valuable insights. Michael Steinhardt Michael Steinhardt, the founder of Steinhardt, Fine, Berkowitz & Co., is one of Wall Street's most successful hedge fund managers, known for producing remarkable annual returns over a 30-year career. His aggressive, contrarian approach to trading has left a lasting impact on the industry. Steinhardt's approach is characterized by a philosophy he calls "variant perception." He believes in making investments that are contrary to prevailing market views, often taking high-risk positions that other investors shy away from. His ability to spot opportunities where others see none, backed by deep analysis, has been a crucial part of his success. Steinhardt's investment decisions are informed by a comprehensive understanding of macroeconomic factors, as well as a thorough analysis of individual companies and sectors. He holds both long and short positions in a variety of asset classes, demonstrating a remarkable ability to navigate a wide range of market conditions. Risk management is also central to Steinhardt's approach. He is known for taking large positions in his high-conviction ideas, but he also keeps a keen eye on the potential downside and is swift to cut losses when a trade doesn't go as planned. Steinhardt's story underscores the importance of deep research, conviction, and risk management in trading. It also highlights the potential of contrarian investing strategies for those willing to buck the trend and take on higher levels of risk. Remember, however, that such strategies require deep market understanding and are not suitable for all traders. Jim Simons Jim Simons, the founder of Renaissance Technologies, is a unique figure in the world of trading. With a background in mathematics and a deep understanding of code-breaking from his time as a code breaker during the Vietnam War, Simons has pioneered the use of quantitative trading strategies, achieving extraordinary success. Simons' approach to trading is fundamentally different from many of his peers. Instead of relying on traditional methods of analysis or macroeconomic insights, Simons employs complex mathematical models to uncover patterns in price data that are invisible to the human eye. His fund, the Medallion Fund, is famous for its consistent high-performance, with an average annual return of 35% after fees since 1988. Quantitative trading, or "quant trading," relies on powerful computers to process massive amounts of data and execute trades. This approach requires deep knowledge of mathematics, statistics, and computer science, and it stands as a testament to the potential of using technology in trading. At the heart of Simons' strategy is the belief that markets have more in common with the chaotic, unpredictable world of natural phenomena than they do with the logical, rational models of traditional economics. This realization led him to apply mathematical concepts to financial markets, with remarkable success. Jim Simons’ approach, while highly complex and require significant expertise, shows us the power of mathematics and technology in understanding and capitalizing on financial markets. His story also highlights the potential for innovative, unconventional thinking in trading. That wraps up our highlight of the top 10 traders who've revolutionized the trading world with their strategies, innovation, and sheer tenacity. But trading is ever-evolving and there are countless talented individuals out there. Who do you think should be on this list and why? Share your thoughts, let's spark a conversation. Stay tuned for more educational content and subscribe to our page if you enjoy our educational materials.
CBOE:VIXEducation
by financialflagship
$BTC - Bulls vs Bears All you need to know about #bitcoin and where it's at , Fundamentally and TA speaking ; Fundamentally, there is a mixed feeling between Bulls and Bears. They both have their solid case ; Recently #bitcoin has been fueled in price by the Banking Crisis which is likely to continue, and Feds may be on no support of banks bailout, as the US Debt Ceiling has reached it's climax and Congress seem to be very against expanding it furthermore. All this Banking Craze might give #Bitcoin a real Bullish fundamental case when it comes to being applied as ; ' Be your own Bank ' ... adding in to that, Technical Case of TA with 19.6K holding so far as a Higher Low from 15K (which indicates a bullish uptrend momentum and a speculative Bottom there compared to previous Halving Cycles) While with Bears on the other side foreseeing incoming looming times for Financial Markets and a US Recession or a Global One (with BRICS coming forth united) adding high risk to TVC:DXY as a Global Reserve Currency. China and Russia have been purchasing Gold heavily past year and ongoing through 2023 Bears have a real case as well as we've seen #bitcoin being highly correlated to Equities Sector of Wall Street, so it won't escape their gravity pull on Bearish Momentum. Whatever happens between Bulls VS Bears that is yet to be seen. 2023 has been so far the year of OANDA:XAUUSD (Gold) and other precious metals due to Macro Economic Risks, Banks Meltdown, and Geo Politics (BRICS and Russia vs Ukraine ongoing war) Bitcoin being an deflationary asset in it's nature , has out-performed them YTD with a high of 72% ROI . Future belongs to the Bulls alongside deflationary assets.
by Mr_J__fx
S&P 500 Daily Chart Analysis For Week of June 2, 2023Technical Analysis and Outlook: The curtailed by US holiday trading week did not surprise us; see Daily Chart Analysis For the Week of May 26. On Tuesday, after hitting our initial target Outer Index Rally 4230 and weeding out the weak longs a day later, the swift rebound on Thursday retested the 4230 again, followed up on Friday by completing our second target of extended Outer Index Rally 4285. The next upside target is major Key Res 4330 and, down the road, extended Outer Index Rally 4412. The pivotal 4230, as tooted a few weeks ago, was ultimately canceled due to price action turning south prematurely on Friday, May 19, and not confirmed by Trade Selecter's targeted movement. On the downside, the price action might take us to Mean Sup 4180; however, the upswing to Key Res 4330, within the highest probability, will emerge first.
SP:SPX
by TradeSelecter
4
S&P 500 Daily Chart Analysis For Week of May 26, 2023Technical Analysis and Outlook: This week's index did not surprise us with the swift rebound (Mean Sup 4110) and continued the reignited rally as specified in a previous couple of weeks of daily chart analysis. The price action is expected to reach our primary destination of the Outer Index Rally at 4230 and possible extension to Outer Index Rally 4285 and Major Key Res 4310. The pivotal at 4230 is not expected at this time unless confirmed by Trade Selecter price action within this upcoming trading week session - stay tuned.
SP:SPX
by TradeSelecter