NASDAQ:SERV hit resistance at $17.51, waiting for pullback or pushthough. New Heights coming.
In at 0.0555, holding for a bare bare minimum of 0.07 for a rough 26%.... But fully anticipate this to reach 0.10 or higher for at least 80%… Maybe much much much higher... This is a short blast off and bail out... who wants to do some orbital skydiving? This could happen any minute, but I might be a day early... I welcome you to make this comparison... that huge shot up on GMT happened in about five seconds flat this morning. https://www.tradingview.com/x/flVhltDb/
The USDCAD pair has been extremely bullish lately, which is why it caught my attention. We can see multiple breaks to the upside, indicating a strong trend. Despite expecting a potential pullback in the near term, the overall trend remains very strong. This is why I have entered a position on the 1-hour timeframe. Using the WiseOwl Indicator, we can see that it has been capitalizing on the trend with previous wins of +3.96RR, +7RR, and +5.42RR. Currently, we are in a risk-free trade with the stop loss set at breakeven (BE). The EMAs (20, 50, 100, 200) are all aligned to support the bullish trend. Let's see how this plays out! ?
Hello everyone, let's look at the 1W COTI to USDT chart, in this situation we can see how the price was moving in a downtrend channel from which the upper one dynamically emerged, but now we have returned to the upper border of the channel which keeps the price from moving further. After unfolding the Fib Retracement mesh, resistance can be seen at the following levels: T1 = $0.137 T2 = $0.158 T3 = $0.173 T4 = $0.196 Now let's move on to the stop-loss in case the market continues to decline: SL1 = $0.111 SL2 = $0.088 SL3 = $0.07 Looking at the RSI indicator, we see as it returned to the middle of the range where the upward trend had previously reversed.
? Welcome to TradeCityPro Channel! Let's go together and analyze the coin market in these days of low volume in a brief and single time frame ? Overview Bitcoin Before starting the analysis, as always, we will take a look at Bitcoin. In the one-hour time frame, we had a rejection from the resistance of 99443 in the one-hour time frame. Of course, the market did not trigger before that and was simply breaking the predetermined resistance with low volume and we had no reason to take a position. But after being rejected from 99443, we had a move towards 95445. These fluctuating movements are normal in a market that does not have volume and it is simply recommended that you do not trade for now or, if you do trade, at least do it in your sub-account or do it with less risk. https://www.tradingview.com/x/G8szs4KD/ ? Weekly Timeframe In the weekly time frame, we see the celr coin, which is in its 950-day weekly box and after rising from the bottom of the box 0.01024 has moved towards 0.03372 and has been rejected by this resistance for now. Now I want to talk a little about why we enter the spot market after momentum enters and when resistance or trigger fails. The most important reason is that we should not be afraid of money and this will cause our money and capital to be trapped in this coin for a long time when we buy inside the box. A market like the crypto market, which is not yet mature and has a low capital volume and is subject to continuous hacks, is not a market where we can let our money be trapped for 3 years and nothing happens. On the other hand, we make our purchases when momentum has formed and our triggers have been activated, which allows us to either take a stop loss or take a profit. Also, if you are holding this coin, I suggest that if the weekly candle closes below 0.01024, it is better to buy the coins. Sell yourself and get cash because it will have the risk of a sharp drop If you like to buy this coin, wait and make your purchase after 0.03372 and place a suitable stop loss of 0.01581 or 0.01024 Now you may be wondering why we should wait and buy 50% higher? Because of this reason, the volume and money have not yet entered this chart and for now it will confirm after the 0.03372 break and if you buy now it is likely to suffer again but on the other hand you do not have the capital to buy, for example, the sui coin and you will lose its profits. Also be careful that after the 0.03372 break you are opening a position to buy spot, the weekly box break, so the 4-hour stop loss is meaningless and it will throw you out of this coin in the fluctuations, so buy with a reasonable stop loss so that you can follow the main trend of this coin after the momentum enters. ? Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
What was the sentiment like in early August? Remember what happened in early August 2024? There was a major crash, a marketwide flush. We are in the same situation now. The was a major crash but this crash produced the best possible entry prices for the bullish wave that just ended; think about it. We are in the exact same situation today. We had a mild correction from late November until present day, an entire month. Now the sentiment is down, the market is down but this isn't bad, this is the best opportunity, and the last opportunity, to buy when prices are low before massive growth. So there is no excitement now and we have the holidays and new year coming next. People are very likely to be detached and this is the perfect time to buy and hold and to accumulate. Think long-term. We are in this situation again and an amazing opportunity is available and right in front of us. We have thousands of Altcoins trading low that are set to produce massive growth. The big projects can take a while to move and they move but not as strong as the smaller ones. The market is already bullish confirmed so the smaller pairs will move first. What I am trying to say is that consolidation might take a while, on a portion of the market, but the Altcoins are ready to move within days. This is a friendly reminder. Timing is of the essence. Thanks a lot for your continued support. It is the last chance to get the Altcoins at the low before 2025. It is the last chance to buy-up before massive growth. Some pairs will be growing 8X, 10X. Some pairs will grow 15X, 20X or more. The big projects can easily grow 2-3X, some even more. We are right at the door of the 2025 bull-market. 2024 is over now, only days left, and 2025 will be green, the biggest green you've seen since 2021. Doesn't have to be like 2021, can be bigger and better... Market conditions are different now; Crypto continues to grow. Highest volume ever just three weeks ago... Would that be enough? We know what follows next. Thank you for reading. You will be happy with the results. Namaste.
After 8 years of publishing my Ideas and being on of the leaders in 3-4 rooms I am publishing my first question. Comments welcome. As anyone who knows me I put a lot of weight on EWT elliot waves, and they are saying we are due to go down on a C wave to targets on the chart. however I also put equal weight on the Pivot Points, and we are at S6, a level I added to my chart for extreme buy opportunities, this *should* be a golden opportunity to buy. Obviously a contradiction. normally I trade "all in" 100% long or short. I break all the rules that Wall Street Brokers teach Retail (never trade more than 2% of your portfolio on one "stock"). In this case BITX an ETF that trades 2X BITCUSD bullish. Today I entetred a hedged position, and I plan to stop out of the short side if we go up the next few days, and out of thed long side if we go to BITX $46, the predicted C wave. ======================== I want to point out a huge scam that I observed. BITX peaked on Tuesday wave 5 high, but while ETF traders can't trade, the exchanges were closed for Christmas. BITCUSD and the memes can be traded all the time. BITCUSD rallied to 100K, and then fell all during the time the exchanges were closed in effect robbing ETF traders of the chance to participate... coincidence? I don't think so, here is the rally that happen while the markets were closed. https://gyazo.com/cd64d1277567330dca5ce87bd1b0d492
After this bull flag breakout idea: https://www.tradingview.com/chart/PG/nubtXQ2B-PG-sleeper-stock/ NYSE:PG has retraced back and giving 4 confluences to go long here: * Bouncing off the Weekly 50 SMA * Bouncing off the Daily 200 SMA * 0.618 fib retracement bounce * Bounce off of the ascending support line since 22' The risk is weekly close under 50 SMA The profit targets would be 175 & 180 I am looking at the 180C for February to cover earnings, can also go with LEAPS for peace of mind
The US dollar's position as the world's reserve currency grants the United States a unique set of economic advantages and challenges. This "exorbitant privilege," as it's often called, significantly influences the nation's ability to manage its debt and deficits. Understanding this complex relationship is crucial for comprehending the dynamics of the global financial system and the US economy's position within it. Dollar Dominance: A Foundation of Economic Power The dollar's status as the primary reserve currency means that it is widely held by central banks, international institutions, and businesses worldwide. This widespread acceptance creates consistent demand for dollar-denominated assets, particularly US Treasury bonds. This demand is a key factor in allowing the US government to finance its debt at relatively low-interest rates. If the US were to borrow in another currency, or if global demand for its debt were significantly lower, the cost of borrowing would likely increase, making it more expensive to finance government spending. This dominance also simplifies international trade for US businesses. Because the dollar is the standard currency for many global transactions, US companies can conduct business with reduced exchange rate risks and transaction costs. This ease of trade strengthens the US position in the global economy and contributes to its overall economic power. Debt and Deficits: The Fiscal Realities Government debt represents the accumulation of past budget deficits. A budget deficit occurs when government spending exceeds its revenue in a given fiscal year. These deficits require the government to borrow money, primarily by issuing Treasury bonds, which then contribute to the overall national debt. While deficits can be used strategically to stimulate the economy during downturns or to fund essential public services, persistent and large deficits can lead to a growing national debt. A high debt level can have several potential consequences, including higher interest payments on the debt, reduced fiscal flexibility to respond to future economic crises, and potential inflationary pressures. The Interplay: Dollar Dominance and Fiscal Policy The relationship between dollar dominance, debt, and deficits is complex and multifaceted. The ability to borrow at lower costs due to the dollar's reserve currency status can, in some ways, lessen the immediate pressure to address budget imbalances. The lower interest rates make it less painful in the short term to finance deficits, potentially leading to a greater accumulation of debt over time. However, it's crucial to understand that dollar dominance does not directly cause deficits. Deficits are a result of fiscal policy decisions—specifically, decisions about government spending and taxation. Dollar dominance merely affects the cost of financing those decisions. A government could run deficits regardless of its currency's global status, but the financial implications would likely be significantly different. One could argue that the "exorbitant privilege" afforded by dollar dominance creates a moral hazard. Knowing that borrowing costs are relatively low could incentivize policymakers to engage in more expansive fiscal policies than they might otherwise pursue. This can lead to a situation where the long-term consequences of debt accumulation are downplayed in favor of short-term political or economic gains. Potential Challenges to Dollar Dominance While the dollar has maintained its dominant position for decades, several factors could potentially challenge its future status. The rise of other economic powers, the development of alternative reserve currencies, and shifts in global trade patterns are all potential threats. For example, the increasing economic influence of countries like China has led to discussions about the potential for the renminbi to become a more prominent player in the global financial system. However, for a currency to achieve reserve status, it requires deep and liquid financial markets, strong institutions, and widespread trust in the issuing country's economic and political stability. These are factors that have contributed to the dollar's strength and are not easily replicated. Furthermore, the emergence of new technologies, such as cryptocurrencies and digital payment systems, could potentially disrupt traditional financial flows and challenge the existing currency hierarchy. However, these technologies are still relatively new and face regulatory and adoption hurdles before they could pose a significant threat to the dollar's dominance. Maintaining the Dollar's Strength Maintaining the dollar's strength and its reserve currency status is a complex undertaking. It requires a combination of sound economic policies, strong institutions, and a commitment to maintaining open and transparent financial markets. Sustainable fiscal policies are essential. While dollar dominance provides some flexibility, persistently large deficits and a rapidly growing national debt could eventually erode confidence in the dollar and its long-term value. This could lead to a decrease in demand for dollar-denominated assets, potentially increasing borrowing costs and weakening the dollar's global position. In conclusion, the relationship between dollar dominance, debt, and deficits is a critical aspect of the US and global economies. While the dollar's reserve currency status provides significant advantages in financing government spending and facilitating international trade, it also presents challenges in managing fiscal policy. Maintaining the dollar's strength requires a balanced approach that prioritizes sound economic management and recognizes the complex interplay between these crucial economic factors.
Micro-strategy is currently hovering around the lower breakout point of the current Pennant or Triangle chart pattern. If this is not a fake out, it could signal lower prices to come for crypto's across the board. If it holds, I expect it to move to the upper area of the pennant or triangle and if it breaks, we will see newer ATH for BTC and other Alt Coins. BTC and the other major Alt Coins are all holding just above chart patterns that signal lower prices to come, so I expect lower prices, but with this lower volume during the holidays, manipulation is very possible from smart money and the market makers. Trade carefully.