5 Months of the ATH before the market crash, Nasdaq managed to find support around 24% down. When this support was broken, Nasdaq crashed by another 30%. 2008/09 housing market crises caused a world wide recession.
Are we seeing similar situation in 2022?
The technical analysis would suggest it is very possible. Not to mention the war in Ukraine, rising energy...
According to Michael Hsu, representatives from the crypto industry as well as within the U.S. government could work toward setting standards on stablecoins.
Michael Hsu, the acting head at the United States Office of the Comptroller of the Currency, said stablecoins need standards comparable to the early internet.
In a written statement following his appearance...
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Bought USDCNH. This position is consistent with my bullish $USD thesis.
Chart shows it is a good risk-reward. Macro backdrop supports it.
God Bless!
Chief
DXY D1
Would love to see this pullback to the recently broken resistance zone, i.e. latest support zone.
Ideally would like to see that sooner rather than later as we are seeing GBPJPY pick up nicely, GBPUSD is sat on 1.30 daily support. Makes sense.
With all of the countries now banned from the gate.io platform i can only assume this will disrupt the market as many will have to close positions on future derivatives, margine, and spot , as instructed to remove funds from the exchange. Anyone in the restricted countries will have there account terminated by the end of april if they do not confirm KYC in...
Cup and handle pattern = Bullish signal + Fractal backbone support!
Target: Upper Trendline. Upper top consolidation --> Room for Equity melt-up rally.
ETA: H1 2023. Recession by Q1 '24 at latest.
Looking how we react to this key area this week. If we see continuous strength, XXXUSD pairs will sell while USDXXX pairs will buy. However, pay attention to the fundamental aspects that may cause volatility and uncertainty.
As seen on CoinMarketCap, the cryptocurrency market tumbled to widespread selling pressure on Feb. 24, with most altcoins plunging by more than 10%. Dogecoin tumbled nearly 17% to reach intraday lows of $0.106 before a slight rebound. Despite the price dip, DOGE profitability remains at 50% per IntoTheBlock metrics.
The IntoTheBlock Holder Composition by Time...
In a move that seemed to catch markets by surprise, reports were flowing in of a feared three-pronged attack on Ukraine at the time of writing, with the West already promising more severe sanctions as a result.
Bitcoin, already trading in line with stocks instead of acting as a safe haven, thus showed uncertainty of its own, declining over 12.2% from Wednesday’s...
Hey traders, we are monitoring AUDUSD for a buying opportunity around 0.717 zone, once we will receive any bullish confirmation the trade will be executed. I see a long-term movement of the pair. First the trend line has been retested for the several times and the AUD index shows a long-term upward price movement. Wait for the break out of the trend line , retest...
This chart shows the difference between the percent of federal tax receipts used to pay interest on the national debt (currently around 20% of tax receipts) and the FEDFUNDS rate. This difference has been growing through the years as the debt grows larger and people are less willing to buy treasuries at low interest rates. Even with historically low interest rates...
Hey traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.124 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
Hey traders, above is DXY technical analysis as i highly recommend to analyze DXY at the beginning of every week if not everyday. that will help you to spot good zones for usd pairs.
Hey traders, DXY have formed a good bullish flag, that's a good sign if you are looking forwards executing some xxxusd short or usdxxx long the coming week. I highly recommend you to analyze DXY every end of the week if not everyday, that will help you to spot the direction of USD pairs and trade them in a more professional way.
Trade safe, Joe.
Hello, again Dear Traders! Here we got a funny illustration somehow.
It is Triangles downside so the price is falling down (I HOPE SO) Ha Ha.
I think there is a chance of getting near 40 pips via Shorting. = )
IF you have any questions? Ask me!
Thank you for your time. Wish you all great.
FxCROWN
