AI/USDT DAY Increase Has good possibility to show new daily volume for uptrend
XAUUSD Chart Anylisis 4Hour Entry 2682 target 2670 More join now
Broke to Bold: How Cotton Nearly Saved the Confederacy - The $500 Million Gamble That Failed Back in 1863, when the Confederacy was on its last legs, financially speaking, they had one ace up their sleeve - cotton. This wasn't just any cotton; it was the lifeblood of the global economy, the white gold Europe couldn't get enough of. The South, desperate and broke, decided to play a high-stakes game with this precious commodity. They issued bonds, not backed by gold or silver, but by cotton. It was a bold move, promising investors they'd get paid back in cash or raw cotton. Imagine that, betting the farm, literally, on a crop. These bonds were sold through big European banks like Emile Erlanger & Co., and they managed to raise a staggering £3 million, which is about $500 million today. The plan was genius in its simplicity. The South supplied 75% of the world's cotton, and Europe's textile mills were starving without it. British and French factories were practically begging for Southern cotton. The Confederacy thought, 'Let's use what we've got to get what we need.' But there was a catch, a big one. These bonds were only good if the South won the war. If they lost, they'd be as worthless as Confederate paper money. The South was gambling not just with their own fate, but with the fortunes of European investors. The Union, though, had other plans. With a stronger navy and a tight blockade, they choked off the South's ability to ship cotton abroad. Without cotton exports, the value of those bonds started to look shaky. Come 1865, the South was defeated, and those cotton-backed bonds? Worthless. European investors were left holding the bag, losing millions. It was a hard lesson learned - funding wars with commodity-backed bonds can be a risky business. This story isn't about winning or losing; it's about the audacity to bet everything on one card. The Confederacy showed us that in desperate times, you play the hand you're dealt, even if it's cotton. It's a reminder that in the game of war and finance, sometimes your best move can still leave you broke.
https://www.tradingview.com/x/vF465NGB/ Local Minimum: A significant local minimum was established at $91,203.67. A buyer reaction from this zone brought the price back above the $93,000 level. Current Range: Over the last 50 days, Bitcoin has remained within the $92,000–$102,000 range. This suggests ongoing consolidation, with market participants showing uncertainty about further direction. Likely Movement: In the near term, the price is expected to move toward the $96,350 and $98,200 resistance levels. A breakout above these levels may signal a continuation of the upward trend, targeting higher resistance zones. Invalidation Point: A close below the $92,500 level would invalidate the bullish outlook. This could lead to further declines, with potential targets closer to the lower end of the recent range or even new lows. Technical Notes: The falling wedge pattern visible on the chart suggests a potential bullish reversal if the price can sustain its upward momentum. Key support levels: $93,640, $90,200, and $88,551. Resistance to watch: $94,468, $96,350, and $98,200. If the bullish scenario plays out, traders should look for confirmation on higher timeframes, along with an increase in trading volume to support the breakout. This analysis is not to be considered as investment advice; it represents a personal opinion only.
The Japanese Yen is weakened by doubts over the likely timing of the next BoJ rate hike. The US Dollar holds near a two-year high and supports USD/JPY ahead of the US NFP report. The Japanese Yen (JPY) is rising in response to comments from Japan's Economy Minister Ryosei Akazawa during the Asian session on Friday, although it lacks bullish confidence amid uncertainty over the Bank of Japan (BoJ) rate hike. Data released today showed that real household spending in Japan fell for a fourth month in November, indicating that the economy is fragile. This gives the BoJ another reason to be cautious about further interest rate hikes, which could continue to undermine the yen. In addition, the yield differential between US and Japanese bond yields has widened significantly over the past month amid the Federal Reserve's (Fed) tightening bias. This could help push down Japanese Yen yields and serve as a tailwind for the USD/JPY pair amid a bullish trend for the US Dollar (USD). Meanwhile, traders may prefer to stay on the sidelines and wait for the release of the important US Non-Farm Payrolls (NFP) report before making aggressive directional bets on the currency pair. Trade recommendation: Watching the level of 158.60, trading mainly with Buy orders
Looking at the chart for Notion VTec Berhad, here's my analysis: Current Price Action: - Trading at RM1.25, down 0.97% - In wave iv of a larger Elliott Wave structure - Price finding support at key Fibonacci levels Elliott Wave Analysis: - Completed waves i through iii - Currently in wave iv correction - Wave v target projected around RM1.45 Key Technical Levels: 1. Support: - Major support at RM1.09 (0.618 Fibonacci) - Secondary support at RM1.00 (0.786 Fibonacci) - Critical support at RM0.870 (wave i low) 2. Resistance: - Immediate resistance at RM1.23 (0.382 Fibonacci) - Major resistance at RM1.45 (wave v target) - Trend line resistance around RM1.35 Key Points: - Price bounced from RM1.16 support level - Moving averages beginning to turn upward - Volume showing potential accumulation phase - Trading within an ascending channel Trading Considerations: - Wave iv appears to be completing - Stop loss could be placed below RM1.16 - Risk/reward favorable for wave v setup - Watch for break above RM1.23 for confirmation
...At least on the timeframe you're examining… What this leads to is an incredible parabolic move, and if that incredible parabolic move doesn't break through and stay above key resistance, collapse is rapid and unforgiving. If bitcoin can close above 96,000 for the next five days, and not make any more lows below about 92,000, certainly not 91,000, I'll maybe change my mind about it... maybe. What I really need is a clear breakout from the arching-over range on the daily chart and then confirmation of support… That's gonna take more than a day or two or three or four... The bullish patterns I'm talking about are naturally the bullish engulfing on the daily chart, but what ought to grab your eye is the staircase to heaven, right there in the most recent action on the hourly chart… When you have little blocky candles gently rising up one on top of the other, taking an uninterrupted march from the lower side of the bands to - and through - the upper, still unwavering, unfaltering, unchanging and unconcerned as though affected by nothing... You had better get in before it's too late… And when too late comes, it's really too late, there is no catching it… And you also better be ready to get out before you hit the tippy top or you'll get body slammed back down onto the mat so hard you'll be down for the count. It's probably safe to buy something - maybe just about anything - FOR NOW, ladies and gentlemen… I'm sure everybody needs to… but prepared to Irish exit... Careful though… It may already be over... mind those stairs, watch out for loose ones...
CHFJPY: What can increase and decrease CHFJPY? CHFJPY can increase from: Uncertainty about when the BOJ will raise interest rates again is keeping the Japanese yen in a persistent weakness. The BOJ and the Finance Minister have repeatedly expressed their desire to support the economy, but it has been without results. The BOJ is the only central bank with a strange view of monetary policy and the meaningless comments they make. CHFJPY can decrease from: If the BOJ decides on the day when it can intervene to raise interest rates, then the JPY will strengthen significantly, aggressively knocking down all currency pairs. The second scenario that the JPY could strengthen across all currency pairs is if the BOJ intervenes in the foreign exchange market. However, this remains to be seen as they do not have much in mind as an action Technical Analysis: The price confirmed a bullish Wedge pattern indicating further growth with targets 174.15 and 174.80 IF the price moves below the red zone from BOJ Comments or interventions then CHFJPY should begin another bearish wave. So far CHFJPY has a bullish pattern and is the first scenario in play. Thank you!
EURGBP successfully adhered to a previously broken significant horizontal resistance level. Following its bullish breakout, a highlighted blue region turned into a support zone. Testing the broken structure, the market established an inverted head and shoulders pattern on a 30-minute timeframe, signaling a short-term bullish indication. It is anticipated that there will be a pullback, reaching a minimum of 0.8392 and potentially extending to 0.8410.
Looking at the chart for MY E.G. Services Berhad, here's my analysis: Current Price Action: - Trading at RM0.965, up 0.52% - Currently in a complex corrective pattern - Price consolidating above moving averages Elliott Wave Analysis: - Completed waves (i) through (iv) - Currently in wave (v) with ABC correction - Key levels: * Wave (a) support at RM0.930 * Wave (b) resistance at RM0.975 * Wave (c) target potential at RM0.940 Technical Levels: 1. Support: - Strong support at RM0.930 (0.382 Fibonacci) - Secondary support at RM0.870 (0.618 Fibonacci) - Moving average support around RM0.950 2. Resistance: - Immediate resistance at RM0.975 - Major resistance at RM1.00 (psychological level) - Previous wave high at RM0.990 Pattern Analysis: - Forming a complex correction pattern - Higher lows indicating underlying strength - Volume profile showing accumulation Trading Considerations: - Watch for break above RM0.975 for bullish confirmation - Stop loss could be placed below RM0.930 - Risk/reward favorable for long positions - Volume increasing on recent moves