Thursday’s session saw BankNifty opening with a gap-up, reaching a high of 50,553.35, touching the Weekly Resistance Zone, before pulling back to a low of 50,149.80. It later recovered and closed at 50,382.10, gaining 39 points over the previous close. The Weekly Trend (50 SMA) remains negative, while the Daily Trend (50 SMA) is sideways. Demand/Support Zones Near Demand/Support Zone (15m): 49,888.35 - 49,977.05 Near Demand/Support Zone (125m): 48,906.05 - 49,373.45 Far Demand/Support Zone (15m): 48,511.70 - 48,627.95 Far Demand/Support Zone (125m): 47,981.35 - 48,319.20 Far Support Level: 46,077.85 (Low of 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75 (Tested) Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 (Inside Weekly Supply Zone) Outlook BankNifty broke above the Daily Supply Zone but faced resistance at the Weekly Supply Zone, indicating potential selling pressure in the coming sessions. A decisive move above 50,900 - 51,150 could indicate further upside, while failure to hold above 49,800 may lead to weakness.
Is Gold's Glitter a Warning Sign? Bitcoin-Gold Ratio Plummets as Physical Gold Demand Soars Gold, the timeless safe-haven asset, has been experiencing a resurgence, raising eyebrows and sparking discussions about potential economic headwinds. Its recent outperformance, coupled with a dramatic drop in the Bitcoin-gold ratio and a surge in physical gold deliveries, suggests growing concerns about the global financial landscape. Are these developments harbingers of fiscal worries ahead? Gold's Allure Returns Gold's appeal as a store of value and hedge against uncertainty has been rekindled. While the yellow metal has historically played a crucial role in portfolios seeking diversification and stability, its recent performance has been particularly noteworthy. Gold prices have reached all-time highs, driven by a confluence of factors, including geopolitical tensions, inflationary pressures, and fears of economic slowdown. One significant factor contributing to gold's rise is the escalating trade tensions between major economic powers. Past trade disputes, such as the tariff exchanges between the US and China, have historically fueled safe-haven demand, benefiting gold. The current geopolitical climate, marked by increasing uncertainty and potential for conflict, further strengthens this narrative. Bitcoin-Gold Ratio Plummets: A Shift in Investor Sentiment? The Bitcoin-gold ratio, a metric that compares the price of Bitcoin to that of gold, has recently plummeted to a 12-week low. This decline suggests a shift in investor sentiment, with many seemingly favoring the traditional safe haven of gold over the more volatile cryptocurrency. While Bitcoin has often been touted as "digital gold," its price volatility and perceived regulatory risks may be driving investors back to the established stability of physical gold. This shift could indicate a broader move away from riskier assets and towards more traditional safe havens. Physical Gold Demand Soars: A Flight to Tangible Assets Adding fuel to the gold fire is the dramatic increase in physical gold deliveries. Reports indicate a surge in gold shipments to the U.S., with traders actively loading the precious metal onto planes bound for American shores. Furthermore, major financial institutions are playing a significant role in this trend. Investment banking giant JPMorgan, for example, is reportedly planning to deliver a staggering $4 billion worth of gold to New York this month. This substantial demand for physical gold underscores a preference for tangible assets, potentially signaling a lack of confidence in the stability of financial markets or fiat currencies. Global Gold Demand Hits Record High: India Sees Uptick The global appetite for gold is not limited to the U.S. According to the World Gold Council, global gold demand has reached record highs in 2024. Even in price-sensitive markets like India, gold demand has seen a 5% uptick. This widespread increase in gold consumption further reinforces the narrative of a flight to safety and a growing unease about the global economic outlook. Is Gold's Outperformance a Sign of Fiscal Worries Ahead? The confluence of factors driving gold's resurgence – geopolitical uncertainty, trade tensions, declining Bitcoin-gold ratio, and soaring physical gold demand – raises the critical question: are these indicators of deeper fiscal worries on the horizon? While it's impossible to predict the future with certainty, the historical precedent suggests a strong correlation between periods of economic uncertainty and increased demand for gold. Gold's role as a hedge against inflation and economic turmoil is well-established. When investors perceive heightened risks in the global economy, they often flock to gold as a safe haven, driving up its price. The current environment certainly exhibits many of the characteristics that have historically triggered such a flight to safety. The Potential Implications If the current gold rush is indeed a sign of growing fiscal concerns, the implications could be significant. Increased demand for gold could put further upward pressure on prices, potentially exacerbating inflationary pressures. Furthermore, a shift away from riskier assets could lead to increased volatility in financial markets and potentially trigger a broader economic downturn. A Word of Caution While the evidence suggests a potential link between gold's outperformance and fiscal worries, it's essential to exercise caution. Market dynamics are complex and influenced by a multitude of factors. Gold's price can be volatile, and past performance is not necessarily indicative of future results. It's crucial to avoid drawing hasty conclusions based solely on gold's price movements. Conclusion Gold's recent surge, coupled with the decline in the Bitcoin-gold ratio and the surge in physical gold deliveries, presents a compelling narrative. While it's too early to definitively declare a looming fiscal crisis, the confluence of factors driving gold's resurgence warrants close attention. Investors should carefully consider these developments and assess their potential impact on their portfolios. Whether gold's glitter is a mere reflection of market jitters or a harbinger of deeper economic troubles remains to be seen. However, the current trends certainly raise important questions about the health of the global economy and the potential for increased volatility in the near future.
CRYPTOCAP:SUI has dropped 41% from the ATH recorded a month ago. The smell of blood has me triggered, so... time to look for some positions. Obvious levels for me are just below: - The Golden Pocket ($2.79 - $2.89): Self-explanatory. Already had a long position triggered from there during the last flash crash. This time, only looking for a spot top-up—this buy zone is just 8-11% below, too risky to add another long. - The 200 Moving Average (MA) at $2.59 (green line): Uptrending, healthy distance below (-17%)—far enough to catch some wicks, solid support. Low leverage long addition + more spot. Stop Loss: Daily close below $2, but not expecting that to happen—too strong of an asset. One of the few I want to keep accumulating. If we get altseason, this thing is going to outperform most of the top 20 alts—if not all of them. Also convinced that the meteoric rise of SUI has suppressed CRYPTOCAP:ETH . One of the key reasons being that SUI and CRYPTOCAP:SOL are the closest competitors to the OG layer 1. Indicators & BTC Pairing: - RSI in a clear downtrend—if a further drop happens, hitting my buy zones, RSI will be oversold. - SUI/BTC chart: Strong support 17% lower. - Momentum indicator already broke out of the downtrend—positive sign. - Bullish divergence flashing—not many alts this strong relative to BTC. So, to sum up: STRONG support levels, low risk, good sleep. An underrated asset in itself—constantly in short supply. ?? PS. I publish my stuff regularly on Binance SQUARE, more images are allowed there, and no cap on a number of posts/updates, unlike here. With this post, I have included also the mentioned SUI/BTC chart and Liquidations Heatmap. See you there:)
In this chart we can see Bitcoin historical Highs , lows , halving years (green->green) and halvings ... we can see some patterns here , not price patterns but sessionality patterns .. for example .. strong probabilty next btc HIGH will be in November/December this year , or we can also see on chart of BTC.D .. we are close to date when BTC.D breaks and fall as much as alts shine .. But all of this was history what about today ? What if , in this one cycle is something different , for example players ... Old good BTC and Crypto OG players now have less power as manipulators , we have some guys from wallstreet also here , Trump and much more .. Macroeconomic was totaly changed ... so what do you think guys ?
Bitcoin's Price Outlook: Support Levels, ETF Surge, and Emerging Threats Bitcoin, the world's leading cryptocurrency, finds itself at a critical juncture. While recent data reveals a surge in U.S. spot Bitcoin ETF inflows and identifies a key support level, looming challenges related to liquidity, government policy, and weakening momentum suggest a potential struggle in the near future. The next 30 days could prove to be a game-changer, determining whether Bitcoin can consolidate its gains or faces a significant downturn. Key Support Level Identified Technical analysis suggests a crucial support level for Bitcoin at $96,000. This figure coincides with the realized price for short-term Bitcoin holders, a metric that often acts as a reliable support or resistance level. Should Bitcoin fall below this threshold, it could trigger further sell-offs and potentially lead to a deeper correction. Conversely, if the price can hold above this level, it may signal renewed strength and pave the way for a potential rebound. U.S. Spot Bitcoin ETF Inflows Surge Despite the uncertainty surrounding Bitcoin's price action, U.S. spot Bitcoin ETFs have witnessed a remarkable surge in inflows. Year-over-year, these inflows have increased by a staggering 175%, with total net inflows exceeding $40.6 billion. This substantial investment from institutional and retail investors underscores the growing acceptance of Bitcoin as a legitimate asset class and suggests a strong underlying demand. The continued accumulation of Bitcoin by these investment vehicles could provide a buffer against potential price drops and contribute to long-term price appreciation. The Next 30 Days: A Potential Turning Point The next 30 days are crucial for Bitcoin. Several factors could influence its price trajectory, making this period a potential turning point for the market. These factors include: • Liquidity Conditions: Bitcoin's price is heavily influenced by the availability of fiat currency. Concerns are rising as critical sources of fiat liquidity begin to tighten. This tightening could make it more difficult for investors to purchase Bitcoin, potentially putting downward pressure on the price. • Government Policy: The U.S. presidential administration's approach to Bitcoin remains a significant factor. The slow progress in creating a strategic Bitcoin reserve raises questions about the government's long-term vision for the cryptocurrency. Clarity on regulatory frameworks and government adoption could significantly impact investor confidence and market sentiment. • Technical Momentum: Bitcoin's upward momentum appears to be weakening. Technical charts suggest a potential loss of steam, with indicators pointing towards a possible correction. Traders will be closely monitoring these technical signals to gauge the direction of the market. Risks to Watch Out For Bitcoin faces several risks that could hinder its progress and potentially lead to a significant price correction. These include: • Loss of the $96,000-$110,000 Range: Failure to hold above the $90,600 support level could lead to a retest of the broader $96,000-$110,000 range. A sustained break below this range could signal a more significant downturn. • Tightening Liquidity: As mentioned earlier, the tightening of fiat liquidity poses a major threat to Bitcoin's price. Reduced access to fiat currency could limit buying power and lead to increased volatility. • Uncertainty in Government Policy: The lack of clarity regarding government regulation and adoption of Bitcoin creates uncertainty in the market. Negative regulatory developments or a lack of clear guidance could dampen investor enthusiasm. Balancing Act Bitcoin's current situation is a delicate balancing act. While the surge in ETF inflows and the identification of a key support level offer some positive signs, the looming risks related to liquidity, government policy, and weakening momentum cannot be ignored. The next 30 days will be crucial in determining whether Bitcoin can navigate these challenges and continue its upward trajectory. Conclusion Bitcoin's price outlook remains uncertain. While the substantial inflows into U.S. spot Bitcoin ETFs and the presence of a key support level offer some encouragement, the cryptocurrency faces significant headwinds. Tightening liquidity, the slow progress in establishing a national Bitcoin reserve, and weakening technical momentum are all cause for concern. The next month will be critical in determining whether Bitcoin can maintain its footing or if it is poised for a correction. Investors should proceed cautiously, closely monitoring market developments and preparing for potential volatility. The long-term potential of Bitcoin remains a topic of much debate, but the short-term future hinges on how it navigates these immediate challenges.
XRP, the cryptocurrency closely associated with Ripple Labs, finds itself at a precarious crossroads. While the digital asset has shown glimpses of potential in the past, recent market indicators paint a concerning picture, with traders increasingly taking short positions and exchange inflows on the rise. This bearish sentiment is further compounded by negative perpetual funding rates, suggesting a prevailing bias towards short positions in the derivatives market. Despite these challenges, pockets of optimism remain, with some analysts predicting a brighter future for XRP and its underlying technology. Negative Funding Rates and Short Positions Perpetual futures contracts, a popular instrument among cryptocurrency traders, allow investors to speculate on the price of an asset without an expiration date. Funding rates associated with these contracts reflect the sentiment of the market. A positive funding rate indicates that traders are willing to pay a premium to hold long positions, signaling bullish sentiment. Conversely, a negative funding rate suggests that short positions are dominant, indicating a bearish outlook. Currently, XRP's perpetual funding rates are consistently negative, a clear sign that traders are overwhelmingly betting against the cryptocurrency. This bearish bias is a cause for concern, as it can create a self-fulfilling prophecy, where negative sentiment leads to further price declines, triggering more short positions and exacerbating the downward spiral. Rising Exchange Inflows Another worrying trend for XRP is the increasing inflows into cryptocurrency exchanges. When investors deposit their XRP holdings into exchanges, it often signals an intention to sell. A surge in exchange inflows can put downward pressure on the price of XRP, as the increased supply of the cryptocurrency on exchanges can outstrip demand. The combination of negative funding rates and rising exchange inflows paints a grim picture for XRP in the short term. These indicators suggest that traders are anticipating further price declines and are positioning themselves accordingly. XRP Ledger Stability and Innovation Despite the bearish price outlook, the XRP Ledger (XRPL), the underlying blockchain technology behind XRP, has demonstrated resilience and innovation. Recently, the XRPL experienced a brief downtime, raising concerns about its stability. However, the network quickly "self-healed," showcasing its robust design and ability to recover from disruptions. Ripple's CTO, David Schwartz, explained that the XRPL is designed to withstand potential failures, even in scenarios where all validators might perceive an issue with the network. This built-in redundancy and fault tolerance are crucial for ensuring the long-term stability and reliability of the XRPL. Furthermore, the XRPL has witnessed the growing adoption of its stablecoin, RLUSD. In just two months, RLUSD has facilitated over 105,000 transactions on the XRPL, demonstrating the increasing demand for stablecoins within the XRP ecosystem. The success of RLUSD highlights the potential of the XRPL to support a wide range of financial applications and use cases. Bold Predictions and Market Optimism While the current market sentiment surrounding XRP is predominantly bearish, some analysts remain optimistic about the cryptocurrency's long-term prospects. One bold prediction suggests that XRP holders could potentially achieve millionaire status in the future. Although such predictions should be taken with a grain of salt, they reflect the belief that XRP has the potential for significant price appreciation. Moreover, despite the recent price declines, many market participants maintain hope for XRP's recovery. They point to the underlying technology, the growing adoption of the XRPL, and the potential for future partnerships and use cases as reasons for their optimism. The Path Ahead for XRP XRP finds itself at a critical juncture. The negative funding rates and rising exchange inflows indicate a bearish short-term outlook. However, the resilience of the XRPL, the growing adoption of RLUSD, and the persistent optimism of some market participants suggest that XRP's story is far from over. The cryptocurrency market is known for its volatility, and predicting future price movements with certainty is impossible. While the current indicators are concerning, they do not necessarily dictate the long-term fate of XRP. The cryptocurrency's future will depend on a variety of factors, including regulatory developments, technological advancements, and market sentiment. For now, XRP investors should remain cautious and closely monitor market trends. The negative funding rates and rising exchange inflows should serve as a warning sign, but they should not overshadow the underlying potential of the XRPL and the ongoing developments within the XRP ecosystem. Only time will tell whether XRP can overcome its current challenges and fulfill the lofty expectations of its most ardent supporters.
The XAU/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Triangle Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position around Trendline Of The Pattern. Target Levels: 1st Resistance – 2890 2nd Resistance – 2904 ? Please hit the like button and ? Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Price is very Aggressive as we come into Asian Killzone. Looking for price to completely break out and close the week. But being that it is Friday keep expectations low.
PEPE Coin 24hr potterbox. this drawing is a good illistration of how the box works. You are looking for empty space that needs to be filled. I marked the empty space with arrows. Right now pepe coin is on the floor of the box and also at critical levels. Keep your eyes on the box and how it works to show you the patterns. You could trade the pattern. there is several smaller boxes that could have been drawn. But the PEPE Coin is down. Happy Trading.
Merging 2 regularities into Unified Fractal Fibonacci Framework: Fractal Cycle Correlation https://www.tradingview.com/x/wEmkqhiP/ https://www.tradingview.com/x/DRafJ6Ae/ Broad https://www.tradingview.com/x/CjMDHINo/ https://www.tradingview.com/x/TA0tlk8V/ Fibonacci Channels, where two coordinates define direction and a third maps a cycle, reveal the relationship between historical price points. The intersections of these lines mark zones of probability density, where price is drawn toward (or repelled) from key psychological levels.