GBP/JPY: 24-Hour Market Sentiment and Trade Analysis GBP/JPY: 24-Hour Market Sentiment and Trade Analysis
I spend time researching and finding the best entries and setups, so make sure to boost and follow for more.
Market Overview (Last 24 Hours):
- OANDA:GBPJPY is trading near your sell entry point at 194.027, showing signs of bearish momentum on the 15-minute chart.
- Weakness in GBP reflects recent concerns over the UK’s economic data, while the yen benefits from safe-haven flows as risk sentiment deteriorates.
Technical Overview:
- Support Levels: 193.458 (TP1), 192.904 (TP2)
- Resistance Levels: 194.298 (SL), 194.500
- Indicators: Bearish divergence on RSI supports the sell bias, while MACD on the 15-minute chart confirms downward momentum. Price is also testing a descending trendline.
Fundamental Catalysts:
- Economic Data: Recent UK retail sales data showed weaker-than-expected performance, pressuring GBP lower.
- Geopolitical Events: Risk-off sentiment globally has bolstered the yen, driving safe-haven demand.
- Liquidity: Volatility on GBP/JPY remains elevated, providing trading opportunities on the 15-minute timeframe.
Planning:
- Bearish Continuation: A sustained break below 193.800 could lead to TP1 (193.458) and potentially extend to TP2 (192.904).
- Reversal Risk: A rebound in GBP or broader risk-on sentiment could test the SL at 194.298 or higher.
Key Data Points Table:
| Pair | Entry | SL | TP1 | TP2 | Catalyst |
|----------|---------|---------|---------|---------|---------------------------|
| GBP/JPY | 194.027 | 194.298 | 193.458 | 192.904 | Weak UK data, safe-haven flows |
Sentiment Heatmap:
- Market sentiment is mixed, with yen strength driven by risk aversion and GBP facing pressure from weak fundamentals.
Note:
- This setup is ideal for a **short-term scalp** or **day trade**, targeting quick movements within the 15-minute timeframe.
When the Market’s Call, We Stand Tall. Bull or Bear, We’ll Brave It All!
Fundamental Analysis
DXY Technical Analysis: Quasimodo Pattern Alert!The DXY (US Dollar Index) chart reveals a significant Quasimodo Pattern, a classic trend reversal signal indicating potential downside momentum. The key resistance level at 107.14 stands strong. If this level isn’t broken, we may see the price sliding down to the 104.13 support zone.
💡 What does this mean for the markets?
1️⃣ Forex: A weaker DXY could drive EUR/USD and GBP/USD higher, while USD/JPY might head lower.
2️⃣ Gold: A declining dollar often supports gold prices, pushing them upward.
3️⃣ Crypto: A DXY drop may provide a bullish push for risk assets like BTC and ETH.
4️⃣ Stock Market: A weaker dollar could benefit US exporters, potentially boosting equity markets.
🔍 Key focus now: Will the 107.14 resistance hold, or will we see a reversal from here? Stay tuned—big moves could be ahead! 📉📈
XRP’s Next Move: Can We Reach $2.80 and Beyond?Picture yourself on a calm evening, sitting by the window with a warm drink in hand. The day feels steady, yet there’s a sense of anticipation—you know something’s brewing. That’s where XRP is right now, inching closer to $2.80, a key level that could change the game.
If it breaks through, there’s room to climb—$3.18, $3.70, maybe even further. But if it doesn’t hold, the market might take a step back, correcting to $2.50-$2.40, or even slipping down toward $1.52 if the momentum shifts. It’s one of those moments where patience and focus matter most.
You can feel the energy in the market, a mixture of excitement and uncertainty. It’s like standing on the edge of something big, knowing it could go either way. But you’re not here to rush or panic. You’re here to watch, to analyze, to make your move when the time is right. Because trading, like life, rewards those who stay grounded in the moment.
Wellness Tip: When things feel uncertain, take a pause. Stand up, stretch, and take five slow, deep breaths. Remind yourself that every move in the market is part of a bigger picture—and you’re in control of how you respond. A calm, clear mind always makes the best decisions. 🌿✨
Trade What You See
Kris/ Mindbloome Exchange
Cheers to 2024: Charting The Year with TradeStationJoin us LIVE with David Russell, Head of Market Strategy at TradeStation, as we take a comprehensive look at the market trends shaping the final months of 2024. In this episode, we’re focusing on election-related trades, end-of-year positioning, and a year-in-review to help you set up for a successful transition into 2025.
With the end of the year approaching, we’ll discuss critical strategies for navigating the final countdown of 2024, covering everything from political events to holiday market dynamics.
Here’s what we’ll cover:
1. End-of-Year Trades: Key strategies for positioning your portfolio as we head into the year’s end, including opportunities tied to the holiday shopping season.
2. Year in Review: A detailed look at the top-performing sectors and stocks of 2024, and the lessons we can learn from both the winners and underperformers.
3. Market Recap & 2025 Outlook: Important takeaways from this year’s market trends and how to apply those insights to set yourself up for success in the new year.
4. Holiday Events Impact: How major events like Black Friday, Cyber Monday, and the Christmas shopping season will affect consumer-driven stocks and overall market sentiment.
As we head into the final stretch of 2024, we’ll also be reflecting on the lessons learned throughout the year and looking ahead to opportunities in 2025. Happy holidays, and best of luck with your trades as we wrap up 2024 and head into a new year of possibilities.
This show is sponsored by TradeStation. TradeStation pursues a singular vision to offer the ultimate online trading platform and services for self-directed traders and investors across the equities, equity index options, futures, and futures options markets. Equities, equities options, and commodity futures products and services are offered by TradeStation Securities Inc., member NYSE, FINRA, CME, and SIPC.
See below disclosures for more:
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Is XYO a Pump & Dump Run by @ScottScheper?Reflections on recent developments.
Is Scott Scheper an air-breathing human being, born of a mother’s womb? Or more likely, Scott Scheper is a haggard transgender woman waiting to dominate women’s sports? We have no confidence that Scott is not a transgender volleyball player posing as an email marketing genius.
Let’s consider for a moment the fact that Scott’s profile picture on X (Twitter) and in his email newsletter and website, is in fact, generated by ChatGPT. Using a realistic animation style, it looks like this “Scott” person is actually a real person. But like I said, since it’s not a real picture of the author in question, for all we know he’s out practicing volleyball in his private 20M mansion court, while planning his transgender takeover of women’s sports while bots run his pyramid marketing scams automatically on the side.
The hype man for the maybe real COINBASE:DOGEUSD (not COINBASE:XYOUSD ) mining Tesla Roadster which uses the underlying XYO network is potentially in the running for "Confidence Wo/Man of the Year 2024" unless the community starts seeing some real indication of project traction outside traditional scam promotion channels like X (Twitter) and direct mail marketing newsletters posing as self development trainings.
At the time of this writing, no such signal exists. Additionally, a number of other contextual details that have arisen recently point to a clearly organized and well backed Ponzi scheme managed and executed by the primary promoter and hype man, Scott Scheper.
For context, Mr. Scheper runs what would be called, in other times, a direct mail marketing scheme. He runs a paid newsletter which is supposedly sent out in the snail mail for $100 USD per month, as well as his own on-demand publishing of his “book” which he sells for $15 each. The book is not publised by any real publisher, but is self-published on-demand, indicating a lack of real market audience for this content and author.
Once you purchase one or both, the customer is immediately subjected to a constant daily stream of marketing emails wrapped in the language of self-improvement, all allegedly hand written on paper by Scott himself, before being painstakingly transfered to a digital email in a pretty typewriter font.
In 2024, email newsletters can quickly be generated in seconds, at a zero cost basis, by LLMs such as ChatGPT, Gemini, or Claude. Other available tools such as AWS Simple Email Service, Task Automation Scheduling Service, and Zapier, would allow automatic operation of the email campaign's content, as well as the scheduled sending of messages. Since the entire written newsletter process is cheaply and quickly automated, there would be absolutely no financial incentive not to fully automate this process since it presents opportunity for financial gain. This is one indication of a well organized scam operation, especially since the claimed “author” likes to brag about how he makes tons and tons of money this way. For example he previously claimed in his email that he was pulling $150k USD per month from his newsletter business (approximately $1.8M per year). In another email that followed within the next week or two, he doubled his alleged monthly income to $300k USD per month ($3.6M USD). As one reader pointed out in a previous thread, “it’s easy to double your income when its not real to begin with…”.
This poses an important question: Why would a person allegedly pulling $3.6M USD annually have any incentive to, not only be constantly writing and sending out updates, but to also run a soon to be super profitable collaboration with one of the worlds most recognizable electric vehicle brands? Oh wait, did we mention that the world’s richest man and friend of Mr. President is also on board? How convenient!
Let’s do some quick math and see how much our star player could have potentially profited off of an XYO buy in the amount of 100k, one month ago on 11/13/24. For a woman who makes 300k per month, this is small change, but we want this example to be on the conservative side.
Ok, let’s say we bought XYO at a price of USD 0.00541, one month ago on November 13th, 2024. Assuming we sold near the top during the first pump at around 0.04 USD, your profit would be in the range of positive 600%. Now, if our volleyball player in question invested a tiny 100k at 0.00541 for a total of18,484,288.3548 XYO, she would have made a mouth watering profit in excess of 600k by selling after the pump at 0.04 for a total of $739,371.53. That’s well over 700k from an initial investment of 100k. Double that initial investment to 300k and the profit becomes an estimated $1.1M USD.
If it sounds too good to be true, it probably is. What do you think?
Bitcoin ($BTC): Quick Scalping Opportunity on the 15-MinuteI spend time researching and finding the best entries and setups, so make sure to boost and follow for more.
Bitcoin ( CRYPTOCAP:BTC ): Quick Scalping Opportunity on the 15-Minute Timeframe
Trade Setup:
Entry Price: $99,689.03
Stop-Loss: $99,333.32
Take-Profit Target:
TP1: $101,253.62
Fundamental Analysis:
Bitcoin remains the leading cryptocurrency, continuing to dominate market sentiment and price action. While this is a short-term trade, BTC’s role as a store of value and hedge against fiat instability underpins its market strength.
Technical Analysis (15-Minute Timeframe):
Current Price: $99,800.20
Moving Averages:
20-EMA: $99,750.00
50-EMA: $99,600.00
Relative Strength Index (RSI): Currently at 54, signaling neutral momentum.
Support and Resistance Levels:
Support: $99,500.00
Resistance: $100,000.00
Market Sentiment:
BTC’s price action on low timeframes is being driven by active trading volumes, with traders positioning for a breakout. The psychological $100,000 level is key; if breached, it could lead to rapid price movement toward the take-profit target.
Risk Management:
A stop-loss at $99,333.32 minimizes downside risk, while the take-profit target at $101,253.62 offers a favorable risk-to-reward ratio. Given the short timeframe, discipline in execution is crucial.
When the Market’s Call, We Stand Tall. Bull or Bear, Just Ride the Wave!
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.
Market Year Wrap With Gary Thomson: 2024 Market Insights & 2025 Market Year Wrap With Gary Thomson: 2024 Market Insights & 2025 Outlook
As we approach the close of 2024, it’s time to reflect on results and think of potential opportunities for the year ahead. Join Gary Thomson, the COO of FXOpen UK, as he sums up the key market trends that shaped 2024 and provides insights on what to expect in 2025.
- Inflation and Interest Rates
- Forex Market Trends
- Commodity Markets
- Stock Market Highlights
- 2025 Outlook
🌐 FXOpen official website: www.fxopen.com
CFDs are complex instruments and come with a high risk of losing your money.
(KINS) Kingstone Companies- Kingstone Companies achieved record-setting premiums and a 40% growth rate in its core personal lines business during Q3 2024, attributed to the exit of two competitors in New York, providing a significant growth opportunity.
- The Select product, a key offering, has shown a more than 20% lower reported frequency compared to legacy products, indicating strong risk selection and underwriting practices.
- Kingstone's strategic move to reduce debt, coupled with a robust capital management strategy, positions the company to focus on maximizing earnings and shareholder value in the future.
Micron Reports Earnings Next Week. What Do Its Charts Say?High-end chip designer Micron Technology NASDAQ:MU will report earnings next Wednesday (Dec. 18), with analysts looking for about 84% in year-over-year revenue growth -- representing what would be the third straight quarter of 80%+ annual sales gains. Let’s see what MU’s fundamental and technical analysis say heading into the report.
Micron’s Fundamental Analysis
MU management has previously guided its fiscal Q1 results to $1.74 in adjusted earnings per share on $8.7 billion of revenue.
However, analysts’ consensus view as I write this is calling for Micron to do even better -- $1.77 in non-GAAP EPS on $8.7 billion in revenues. That would compare nicely to the $0.95 per share non-GAAP loss that the firm saw on $4.73 billion of revenues in the same period last year.
Of the 22 sell-side analysts that I found who track Micron, 12 have increased their fiscal Q1 earnings estimates recently, while 10 have cut them.
But as noted above, analysts’ consensus estimate looks for the company to continue its recent string of 80%+ year-over-year revenue gains. Clearly, the buildout of large language models and other AI-related needs has ramped up the need for Micron’s memory chips.
Micron has certainly been an operating-cash-flow beast, but has also spent plenty of that incoming money on new equipment.
On one hand, the firm generated $3.4 billion of operating cash flow during its fiscal Q4 ended Aug. 29, along with $8.5 billion for the trailing 12 months that concluded at that time.
However, capital expenditures (“capex”) during fiscal Q4 totaled $3.1 billion, as well as $8.4 billion in the 12 months ended Aug. 29. So, free cash flow was positive, but not by all that comfortable a margin.
Looking at the balance sheet, MU had an $8.1 billion cash position as of Aug. 29, along with $8.9 billion in inventories and $24.4 billion in total current assets.
Current liabilities added up to $9.3 billion, which included $106 million in shorter-term debt and $766 million of unearned revenue.
That left the firm's current and quick ratios at 2.64 and 1.68, respectively. That's quite strong by Wall Street norms, especially for an inventory-intensive business.
Total assets amounted to $69.4 billion, which included just the smallest amount of goodwill and other intangibles.
Meanwhile, total liabilities less equity came in at $24.3 billion. That included $11.2 billion in long-term debt – a level that doesn’t look like the end of the world, but that Micron will probably need to manage over time.
Still, MU’s balance sheet appears healthy overall by industry norms.
Technically Speaking ...
Now let’s look at Micron’s chart going back to April 2022:
Readers will see that the stock rallied more than 200% from its $48.45 September 2022 intraday low to its $157.54 June 2024 intraday high.
MU then pulled back between July and September of this year, but found support at close to the 61.8% Fibonacci retracement level of the entire 2022-2024 rally. That set up the range that the stock has been trading in ever since.
Now let’s zoom in and look at Micron’s chart from just April 2024 to December 2024:
In this time frame, readers will see that MU has been trading within a series of lower highs and higher lows -- creating what’s called a “pennant” formation (denoted by the purple lines above).
Micron’s pennant appears to be closing as earnings approach, which could be significant. Historically, violent market reactions often ensue when a stock’s pennant or triangle pattern closes.
MU isn’t far from breaking below the pennant’s lower trendline. Should that happen, there will be nothing technical standing between that trendline and Micron’s August/September double-bottom lows.
Also note that Micron is trading below its 21-day Exponential Moving Average (or “EMA,” marked with a green line), its 50-day Simple Moving Average (or “SMA,” denoted with a blue line) and its 200-day SMA (the red line). This sets up a series of obstacles that could serve as resistance.
That said, taking and holding these levels could bring the swing crowd on board, while also forcing portfolio managers to increase long-side exposure.
Meanwhile, readers will see a largely neutral reading for Micron’s Relative Strength Index, as denoted by the gray line at the chart’s top.
Similarly, MU’s Moving Average Convergence Divergence indicator (or “MACD,” marked with gold and black lines and blue bars at the chart’s bottom) tells us very little.
All three components -- the histogram of the 9-day EMA (blue bars), the 12-day Exponential Moving average (or “EMA,” marked with a black line) and the 26-day EMA (gold line) are running together. They’re also all close to zero, which is historically a neutral sign.
(Moomoo Markets Commentator Stephen “Sarge” Guilfoyle had no position in MU at the time of writing this column.)
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct. Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.
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PLCE: Turn Around StoryOpportunistic pick up to add to position. Market is reading too much in a CFO swap.
Fundamentals
+ Business is turning around (toward profitability)
- Unclear whether new management's plan will pan out due to a highly elastic customer (losing a significant amount of customers for marginal improvements in margin)
+ Last quarter weaker than usual due to a shift forward in the start of the school year (school spending started later) - will support earnings for next quarter
+ Cheap (esp as major input prices continue to shrink and get reflected in the income statement), expect to see margin improvement; but also a risk if we see barriers to trade go up next year from the president elect
Technical
+ Finding support around 10.75-11.25 (great place to add)
+ Primary holder holding most the shares showing limited availability of liquidity
+ Feel of the chart suggests most existing holders are finding value - moves are exaggerated to the downside because of liquidity but are quickly getting picked up (see last dip on bad earnings); downside moves are look fast and exaggerated because any seller has to sweep through the market to source liquidity. Buyers respond in kind by offering liquidity (picking up shares via limit orders and gradually moving up).
+ Options are extremely rich so puts more pressure on the underlying shares to source liquidity (options too expensive to carry long or short).
+ Price is consolidating, resembles flag-esque pricing action; and very different than prior moves which saw upward thrusts before a move lower.
Targeting: short term target 16 as the base case (top of flag) or highs 20s to reflect current fundamental value (potentially higher if margin returns and top line stabilizes).
Macroeconomic analysis, positioning, technical analysis. Short GHello everyone, today I want to share a trading idea that recently triggered my short entry.
The GBP/AUD pair is hovering near period highs not seen since 2020.
I think in the short term we might witness some pullback. Let’s analyze the situation.
MACROECONOMIC ANALYSIS
- Data
The latest data reflects a marked improvement in the Australian labor market, with the unemployment rate beating expectations. A rise to 4.2% was forecasted, but the figure dropped to 3.9%. This comes after the RBA decided to keep the reference rate unchanged, adopting a dovish tone compared to recent statements. It remains to be seen if this data could shift the narrative once again.
- Economic growth
The positioning and momentum on the pound indicate confidence that the economy could grow by 2025 or that inflation will remain stickier than expected. This affects the BOE’s monetary policy decisions. Interest rates have risen more than in other economies and are now at their peaks. On the other hand, the BOE recently adopted a dovish tone, suggesting the possibility of four rate cuts in 2025.
In a recent article, Goldman Sachs highlighted that the UK’s growth might underperform expectations. UK GDP is expected to grow by 1.2% in 2025, slower than the Bank of England's 1.5% projection and slightly below Bloomberg's consensus estimate of 1.3%. The team predicts growth of 0.4% in the first quarter of 2025 compared to the last quarter of 2024, with a slowdown to around 0.25–0.30% quarterly for the remainder of the year. They also foresee inflationary pressures easing through 2025, paving the way for deeper rate cuts than currently priced in by the market.
www.goldmansachs.com
- Interest rates
Interest rates in the UK have risen more than in other economies, reaching a peak of 4.6%, reflecting aggressive rate policies. Meanwhile, AUD/USD movements appear closely tied to Chinese rates, which are at historic lows, potentially priming for a rebound and, consequently, a recovery in the cross, due to potential stimulus measures for the Chinese economy.
POSITIONING
- COT (Commitment of Traders)
Let’s analyze the COT to check for extremes on either side.
www.tradingster.com .
Long positioning on the pound is at its highest since 2018, while for the Australian dollar, we are in negative territory after a decline. Momentum does not favor either currency, as traders are offloading or increasing short positions.
SEASONALITY
We are entering a period of strong negative seasonality for the pound, which typically tends to decline from the first week of December until the end of the month.
TECHNICAL ANALYSIS
From a chart perspective, the pair has just broken a dynamic trendline support on the 4H chart after a strong rally to period highs. The RSI clearly shows overbought conditions with bearish divergence.
Entry: Upon the break or retest of the trendline.
Stop Loss: Above the volume area signaling the break.
Take Profit: Near the volume area supporting the price.
Thanks for your attention!
Zeta ($ZETAusdt): Daily Chart Analysis for Strategic EntryI spend time researching and finding the best entries and setups, so make sure to boost and follow for more.
Zeta ( KUCOIN:ZETAUSDT ): Daily Chart Analysis for Strategic Entry
Trade Setup:
- Entry Price: $0.7003
- Stop-Loss: $0.5102
- Take-Profit Targets:
- TP1: $1.0624
- TP2: $1.7275
Fundamental Analysis:
Zeta ( KUCOIN:ZETAUSDT ) is an emerging cryptocurrency focusing on decentralized interoperability across blockchain networks. Its ability to facilitate seamless asset transfers and support cross-chain smart contracts makes it a unique player in the market. Recent upgrades to its protocol, including enhanced transaction speeds and reduced fees, have increased its adoption in DeFi ecosystems.
Technical Analysis (Daily Chart):
- Current Price: $0.7150
- Moving Averages:
- 50-Day SMA: $0.6500
- 200-Day SMA: $0.5800
- Relative Strength Index (RSI): Currently at 58, showing bullish momentum but still within a neutral zone.
- Support and Resistance Levels:
- Support: $0.6000
- Resistance: $0.8500
The daily chart shows a clear ascending trendline, with KUCOIN:ZETAUSDT recently breaking above a key resistance level at $0.6900. A sustained hold above $0.7000 could confirm a breakout toward TP1 at $1.0624, with TP2 at $1.7275 as a long-term target.
Market Sentiment:
ZETA has seen growing interest following announcements of strategic partnerships with major DeFi platforms. Increased trading volume indicates strong investor confidence, particularly among institutional players exploring cross-chain solutions.
Risk Management:
Setting a stop-loss at $0.5102 limits potential downside risk, ensuring a manageable loss if the trade moves against expectations. The take-profit targets offer an excellent risk-to-reward ratio for traders looking to capitalize on ZETA's upward momentum.
When the Market’s Call, We Stand Tall. Bull or Bear, We’ll Brave It All!
Hewlett Packard Enterprise Pulls BackHewlett Packard Enterprise jumped to a new record high last week, and some traders may see opportunities in this week’s pullback.
The first pattern on today’s chart is the surge on December 6 after earnings and revenue beat estimates. HPE has retraced all the move and is now trying to make a higher weekly low. That may suggest an uptrend is in place.
Second is the price zone between roughly $21 and $21.62, matching peaks in July and October. The stock fought this resistance area for a month but could now be turning it into support.
Third, the 50-day simple moving average (SMA) recently crossed above the 100-day SMA. Both are above the 200-day SMA. That configuration may be consistent with a longer-term uptrend.
Finally, HPE’s last quarterly report triggered several price-target hikes from analysts but it still trades at relatively low valuations compared with other technology companies. It’s also starting to enter the AI market. Could it be a “cheap AI play” for the New Year?
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ALTCOINS to the moonCRYPTOCAP:BTC.D
* Since 9 September 2024 and the chart still following the pig picture & the big plan as well .( please check the post below here).
* It was so nice entries & it was altcoins bottoms.
* Retest for the reversal range breakout is already done and you could see that in the altcoins chart.
* Now the BTC. Dominance need to break 53.71% and close 1W Candle below.
* Then re-test to continue dumping.
* I think the next wave for the altcoin is so huge , if you missed the bottoms you still have another opportunity with this correction.
* May be some coins will give you nice entry by the end of this month.
* This plan may take long weeks to be done.
* I was expecting BTC price is going to dump before going to 100K but it worked against my plan but in the end BTC price broke the high so ( BTC price now is in the market maker hands & under their control).
*I did mistake because the chart was showing that BTC is going up but i thought it is a trap because i was emotionally controlled by the media & i did not believe the chart.
*To review the previous post for BTC. Dominance check it below...............
______________________________________________________________
Golden Advices.
********************
* This is my expectation for next weeks & may be i am completely wrong, Please do your own plan.
* Please calculate your losses before entering any trade.
* Do not enter any trade you find it not suitable for you.
* No FOMO - No Rush , it is a long journey.
Useful Tags.
****************
My total posts
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1Million Journey
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@Crypto_alphabit
________________
GOLD PRICES RETREAT AS STRONG DOLLAR PREVAILS AND ECONOMIC DATA Economic Data Impacting the Market
On December 12, 2024, the U.S. Bureau of Labor Statistics released important economic data. The Producer Price Index (PPI) rose by 0.4% in November, higher than the expected 0.2%, and showed a 3.0% increase over the year, marking the largest gain since February 2023. Additionally, the core PPI, which excludes food and energy, went up by 0.2% for the month and 3.5% annually. Initial jobless claims for the week ending December 7 reached 242,000, significantly above the expected 220,000, indicating rising unemployment. These mixed signals highlight ongoing inflation pressures alongside a weakening job market.
Fed Rate Cut Expectations Shift
According to the CME FedWatch Tool, the probability of a rate cut by the Federal Reserve in December has decreased to 96.70% from 97.50% a day ago, signalling changing market expectations.
BnbBnb usdt Daily analysis
Time frame daily
Risk rewards ratio >1.5 👈👌
Target 900 $
Bnb exited from parallel lines that was moving up and down and reached to new high on 795$
Then dropped to middle of parallel and raised to reach new target
Nowadays we hear many good news about corporations between Binance and companies that makes bnb continue stronger than ever