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5 must-watch series from the world of finance

With the boom of streaming services, investors are presented with often exciting opportunities. But today, we'll try to move away from looking at the world through the eyes of an investor and focus more on the content that streaming services offer. More accurately, we will take a look at the series that can be found on these platforms. But don’t worry, we won’t get too far from our beloved world of finance either.

Financial world has always been an attractive subject not only for Hollywood screenwriters. Classics such as Wall Street (1986) and Wolf of Wall Street (2013) have not only grossed millions of dollars world-wide but even managed to convince many viewers into starting their own careers in finance. However, with the rise of streaming services, finance has also taken centre stage for a number of series. Some of the most well-known are the HBO-produced series Billions (2016) and Succession (2018). Today, let's take a look at a

Tesla’s Shares Are The Most Expensive|Apple Started Production In India

Ways in Which Copy Trading Can Help You Grow Your Wealth

FXMAG Team FXMAG Team 18.05.2021 12:41
Copy trading is defined as the aspect of copying trades done by other forex investors in the forex market. It is one of the ways forex traders use to earn money from the forex market without studying what forex trading is all about. It is an easy way out to get profits from trading forex without knowing how one places a trade. In normal circumstances, beginners in the forex trading business are forced to work with a forex broker. These are people who have the knowledge and tips of what it takes to get a win from the forex trading business. Forex brokers are forex trading companies or individuals that provide a forex trader with access to a forex trading platform. These forex brokers earn money through commissions. Whenever a forex broker helps a forex trader place a trade, they get a commission whether it brings a win or lose. These forex brokers also teach forex traders who are at the beginner stage what forex trading is all about. A copy trader aims to earn as much as a forex trader does through copying what he or she does in the forex markets. As aforementioned a copy trader does not take time to learn how the forex trading business is done so the copy trader does exactly what a forex trader has planned to do in a forex trading game. 4 Ways in Which Copy Trading Can Help You Grow Your Wealth There are different ways in which copy trading can help you grow your wealth. This article will highlight four ways in which copy trading can help you grow your wealth. Know what platform to choose from One way that a copy trader could grow his or her wealth is by knowing what trading platform to choose from. Despite a copy trader not needing to study the forex market to trade, they ought to know the various platforms that one can copy trade from. A copy trader could easily know this by making use of a forex broker. These forex brokers could be sourced from forex trading companies that offer services of helping forex traders access buying and selling platforms. However, a copy trader should be cautious of forex brokers who have outstanding profiles but they are out to scam and steal from people interested in the forex trading business. A forex broker should be licensed, regulated, and authorized to do business by a country’s authorities. More experts to copy Copy traders should look out to copy trade Malaysia from no ordinary people. They should ensure that they copy trade from people who have been in the business for a long time. These are experts in the forex trading business who have transacted in the forex trading game for a long time. These experts are also people who have outstanding portfolios and fully understand the forex markets. Take responsibility for your trading The other thing that copy traders should ensure they do to grow their wealth is to ensure that they take responsibility of the investments they make while in the forex trading game. This is possible by taking note of the money they have in their trading accounts, how much they put into a trading game, what profits they gain and lose as well. This is again necessary especially when a copy trader is making use of a forex broker. These forex brokers earn through commissions that are deducted from one’s trading account. Sometimes a new copy trader may give a forex broker the freedom to handle their forex trading account which may end up leaving him or her bankrupt if no responsibility is taking. Run tests It is important to run tests on what copy trading is before engaging in the real game. These tests could be done via demo accounts that allow a copy trade have a feel of what goes on when copy trading.  A copy trader should however always keep in mind that the results that come from demo accounts are not necessarily what will be projected in the real copy trading. Conclusion Whenever one plans to start a business, their goal is to gain wealth and always make a profit. It is possible to make wealth even while copy trading but only through perseverance and playing it safe while copy trading.
Inflation Easing, Now What?

Inflation Easing, Now What?

Monica Kingsley Monica Kingsley 24.05.2021 12:04
S&P 500 refused to keep early gains, and reversed back into no man‘s land – on little convincing volume. For now, we remain chopping below my 4,180s level, conquering which on a closing basis would a bullish achievement. Until that happens on convincing internals, fake moves in both directions would remain with us. The Fed telegraphing the talk about talking taper is a first step in preparing the markets not to get surprised by the actual deed, but how far is that one really? Stocks, bonds and currencies aren‘t reacting much – it‘s only commodities that are in consolidation mode, but this can be chalked down to inflation expectations calming down over the prior three trading days. Until the Fed truly moves or makes its forward guidance as unequivocal as can be in this respect, the markets would be in a doubting attitude (or at a minimum, a wait and see one): (…) The market simply isn‘t convinced the Fed is serious about taking on inflation through (gradual) removal of the punch bowl – or about shaping its forward guidance credibly this way (yet). Inflation expectations are cooling down a little, and the Treasury market is tracking them closely. But this doesn‘t mean that bonds are taking the central bank seriously – this move is part and parcel of the transitory vs. getting (practically permanently unless a Fed game changer arrives – still unlikely) elevated inflation readings debate. While I think that the red hot CPI inflation would die down a little (i.e. not keep rising ever as steeply as was the case with Wednesday‘s data) once the year on year base to compare it against normalizes, a permanently elevated plateau of high and rising inflation would be a reality for more than foreseeable future simply because the Fed would be as behind as Arthur Burns was in fighting the 1970s inflation, and upward price pressures in the job market pressures would kick in. Thus, look for the Treasury market calm to continue, affecting the defensive sectors and to a certain degree tech too. Technology isn‘t being rotated to anyhow strongly – the reopening trades are the star performers as $NYFANG lags behind. Tech though rebounded off very oversold levels, and isn‘t likely to revisit them. That‘s the essence of my (moderately but still) bullish Nasdaq calls and open S&P 500 profitable positions. Gold and silver have been going different ways, with the white metal driven by commodities giving off air. The gold sector though remains well positioned as the miners keep more or less pulling ahead, nominal yields aren‘t rushing headlong to the upside, and inflation isn‘t turning around. Copper relative to the 10-year Treasury yield remains a watchout, with the red metal relevant especially to silver. For now, gold remains a coiled spring with limited downside until conditions materially change, and my open gold profits can keep growing at their own pace. Crude oil found a daily bottom that looks promising to hold at first sight, but the oil index ($XOI) gave up all of its intraday gains. In this light, the $WTIC rebound looks a bit stronger short-term than could have been expected, meaning that a downswing attempt in black gold can‘t be excluded. At the same time, upside potential is greater though. Bitcoin made one more attempt on Wednesday‘s lows on Sunday, and Ethereum undershot them. Both have swung higher but remain well below Friday‘s levels – the lookout remains tense until at least $38,000 in Bitcoin and $2,400 in Ethereum are taken out convincingly. Let‘s move right into the charts (all courtesy of www.stockcharts.com). S&P 500 Outlook S&P 500 didn‘t undergo a reversal on Friday, the volume or conviction of the sellers wasn‘t there. Contrast that with Nasdaq (black line), and the turn lower looks menacing – at first sight only. There wasn‘t any real volume to talk of in QQQ (and neither in SPY for that matter). Tech overall would keep underperforming, but has been beaten down a bit too much. Credit Markets High yield corporate bonds performed better than the investment grade ones while long-dated Treasury yields once again retreated. The sentiment is turning back to risk-on. Technology and Value Tech driven by its riskier segments keeps rising while $NYFANG did drag its feet on Friday. Value though saved the day in spite of giving up all intraday gains as TLT repelled its bears. Gold, Silver and Miners Gold sector is cooling off without giving up gained ground. Miners aren‘t leading to the downside while nominal yields could provide a greater tailwind to the yellow metal. Thanks to inflation expectations and commodities at the moment, it doesn‘t. Silver is lately losing altitude as much as copper does, but the red metal‘s ratio to 10-year Treasury yield isn‘t pulling the yellow metal down – because of real rates barely changing. Crude Oil Crude oil is basing, and the forces between the bulls and bears are more than even now – current prices are attracting buying interest, which might however take a while to materialize in sustainably higher prices unless the oil index recovers too. Summary S&P 500 bulls remain supported by the credit markets, with value pulling ahead again while tech‘s worst clearly appears over. Time to be bullish both the 500-strong index and look for a Nasdaq entry point as this April started sideways trading full of fake breaks higher or lower, is slowly drawing to its end. Gold and miners defend gained ground, but look for silver to remain vulnerable to the downside thanks to the pressure on commodities that I expect from both the bond markets and inflation expectation moves. Crude oil is stabilizing and the oil index supports higher prices, but one more pullback might be on the cards. And should commodities turn red en masse again, black gold wouldn‘t probably escape. Neither Bitcoin nor Ethereum have truly stabilized yet, and remain short-term range bound with more selling pressure a distinct possibility. While the worst appears over on a very short-term basis, the dust hasn‘t settled just yet. Thank you for having read today‘s free analysis, which is available in full at my homesite. There, you can subscribe to the free Monica‘s Insider Club, which features real-time trade calls and intraday updates for all the four publications: Stock Trading Signals, Gold Trading Signals, Oil Trading Signals and Bitcoin Trading Signals.
USDX: Trick or Treat, Looks Like an Early Halloween

USDX: Trick or Treat, Looks Like an Early Halloween

Finance Press Release Finance Press Release 01.06.2021 16:24
The FED has recently been tricked with its own money. Could the central bank’s scary reverse repos become a treat for the USDX?The USD Index (USDX)With the ghosts of 2015 attempting to scare the U.S. Federal Reserve (FED) into tapering its asset purchases, the latest reverse repo nightmare could be gold, silver and mining stocks version of the boogeyman. Case in point: with the liquidity fright helping the USD Index sleep better at night, the greenback should benefit from the FED’s latest house of horrors: And with the central bank’s daily reverse repos hitting an all-time high of $485 billion on May 27 (with another $479 billion sold on May 28), Halloween may come early this year.Please see below:To explain, the green line above tracks the daily reverse repo transactions executed by the FED, while the red line above tracks the federal funds rate. If you focus your attention on the red line, you can see that after the $400 billion level was breached in December 2015, the FED’s rate-hike cycle began. Thus, with current inflation dwarfing 2015 levels and U.S. banks practically throwing cash at the FED, is this time really different?Likewise, with reduced liquidity poised to bolster the USD Index, not only are the fundamentals trending up but also the technicals. The USD Index jumped above its declining resistance line based on May’s highs, as well as the declining resistance line that started with the late-March high. This is important not only (and not primarily) because of the double-breakout. It’s important and particularly bullish, as it emphasizes that the third – and quite likely the final – short-term bottom in a row is already in.In addition, the USD Index might be in the early innings of forming an inverted head & shoulders pattern. For context, an inverted H&S pattern is a bullish development that if formed, could usher the USD Index well above 94.5 (to about 97-98). However, completing the right shoulder requires an upward breach of 93 (the blue line), so at this point, it’s more of an indication than a confirmation.Please see below:For more context, I wrote previously:This week’s move lower is a continuation, and most likely the final part, of a specific multi-bottom pattern that the USD Index exhibited recently.I marked those situations with green. The thing is that the U.S. currency first declined practically without any corrections , but at some point it started to move back and forth while making new lows. The third distinctive bottom was the final one. Interestingly, the continuous decline took place for about a month, and the back-and-forth declines took another month (approximately). In July 2020, the USDX fell like a rock, and in August it moved back and forth while still declining. In November 2020, the USDX fell like a rock (there was one exception), and in December it moved back and forth while still declining.Ever since the final days of March, we’ve seen the same thing all over again. The USD Index fell like a rock in April, and in May we’ve seen back-and-forth movement with lower lows and lower highs.What we see right now is the third of the distinctive lows that previously marked the end of the declines.And what did gold do when the USD Index rallied then?In August, gold topped without waiting for USD’s final bottom – which is natural, given how extremely overbought it was in the short term.In early January, gold topped (which was much more similar to the current situation given the preceding price action) when the USDX formed its third, final distinctive bottom.I received a few questions recently asking what would need to happen for me to change my mind on the precious metals sector’s outlook. There are multiple reasons, and it’s impossible to list all of them. However, one of the reasons that would make me strongly consider that the outlook has indeed changed (at least for the short term) would be a confirmed breakdown in the USD Index below the 2021 lows to which gold would actually react.As further evidence, the Euro Index might be in the midst of forming a bearish H&S pattern. If you analyze the right side of the chart below, you can see that the symmetrical pattern has the current rally mirroring the summer of 2020. And while we’re still in the early innings of forming the right shoulder, three peaks were recorded during the second half of 2020 before the Euro Index eventually rolled over. Likewise, with a symmetrical setup that seems to already be in motion, the Euro Index may be heading down a similar path of historical ruin. In the second half of 2020, the decline was not that big, but it’s no wonder that this was the case as that was only the left shoulder of the pattern. Completion of the right shoulder, however, would imply another move lower, at least equal to the size of the head – to about the June 2020 lows or lower.Gold and the EuroFurthermore, last week’s decline actually ushered the Euro Index back below the dashed resistance line of its monthly channel. And with its recent triple top mirroring the price action we witnessed in mid-to-late 2020 – before the Euro Index plunged – it won’t take long for confidence to turn into fear.Please see below:More importantly, though, the completion of the masterpiece could have a profound impact on gold, silver and mining stocks. To explain, gold continues to underperform the euro. If you analyze the bottom half of the chart above, you can see that material upswings in the Euro Index have resulted in diminishing marginal returns for the yellow metal. Thus, the relative weakness is an ominous sign, and if the Euro Index reverses, it could weigh heavily on the precious metals over the medium term.If that wasn’t enough, with the USD Index hopping in the time machine and setting the dial to 2016, a bullish pattern is slowly emerging. To explain, I wrote on May 11:While the self-similarity to 2018 in the USD Index is not as clear as it used to be (it did guide the USDX for many weeks, though), there is also another self-similar pattern that seems more applicable now. One of my subscribers noticed that and decided to share it with us (thanks, Maciej!).Here’s the quote, the chart, and my reply:“Thank you very much for your comprehensive daily Gold Trading Reports that I am gladly admitting I enjoy a lot. While I was analyzing recent USD performance, (DX) I have spotted one pattern that I would like to validate with you if you see any relevance of it. I have noticed the DX Index performing exactly in the same manner in a time frame between Jan. 1, 2021 and now as the one that started in May 2016 and continued towards Aug. 16. The interesting part is not only that the patterns are almost identical, but also their temporary peeks and bottoms are spotting in the same points. Additionally, 50 daily MA line is almost copied in. Also, 200 MA location versus 50 MA is almost identical too. If the patterns continue to copy themselves in the way they did during the last 4 months, we can expect USD to go sideways in May (and dropping to the area of 90,500 within the next 3 days) and then start growing in June… which in general would be in line with your analysis too.Please note the below indices comparison (the lower represents the period between May-Dec 2016 and higher Jan – May 2021). I am very much interested in your opinion.Thank you in advance.”And here’s what I wrote in reply:“Thanks, I think that’s an excellent observation! I read it only today (Monday), so I see that the bearish note for the immediate term was already realized more or less in tune with the self-similar pattern. The USDX moved a bit lower, but it doesn’t change that much. The key detail here would be that the USDX is unlikely to decline much lower, and instead, it’s likely to start a massive rally in the next several months - that would be in perfect tune with my other charts/points.I wouldn’t bet on the patterns being identical in the very near term, though, just like the late June 2016 and early March 2021 weren’t that similar.As soon as the USD Index rallies back above the rising support line, the analogy to 2016 will be quite clear once again –the implications will be even more bullish for the USDX and bearish for the precious metals market for the next several months.”Please note that back in 2016, there were several re-tests of the rising support line and tiny breakdowns below it before the USD Index rallied. Consequently, the current short-term move lower is not really concerning, and forecasting gold at much higher levels because of it might be misleading. I wouldn’t bet on the silver bullish forecast either. The white metal might outperform at the very end of the rally, but it has already done so recently on a very short-term basis, so we don’t have to see this signal. And given the current situation in the general stock market – which might have already topped – silver and mining stocks might not be able to show strength relative to gold at all.On top of that, the USD Index’s long-term breakout remains intact . And when analyzing from a bird’s-eye view, the greenback’s recent weakness is largely inconsequential.Please see below:Moreover, please note that the correlation between the USD Index and gold is now strongly negative (-0.90 over the last 30 days) and it’s been the case for several weeks now. The same thing happened in early January 2021 and in late July – August 2020; these were major tops in gold.The bottom line?After regaining its composure , ~94.5 is likely the USD Index’s first stop. In the months to follow, the USDX will likely exceed 100 at some point over the medium or long term.Keep in mind though: we’re not bullish on the greenback because of the U.S.’ absolute outperformance. It’s because the region is doing (and likely to do) better than the Eurozone and Japan, and it’s this relative outperformance that matters , not the strength of just one single country or monetary area. After all, the USD Index is a weighted average of currency exchange rates and the latter move on a relative basis.In conclusion, ghouls, goblins and ghosts are popping up everywhere, and while the USD Index has been under investors’ negative spell, the curse may have just been broken. Moreover, with plenty of skeletons in the financial markets’ closet and liquidity slowly being drained from the system, the narrative of excessive money printing has become an old wives’ tale. More importantly, though, with the greenback finding technical support at roughly the same time, we could be witnessing a paradigm shift in U.S. dollar sentiment. The bottom line? With gold, silver and mining stocks benefiting from the USD Index’s recent struggles, a coven is gathering, and it will likely torch the precious metals over the medium term.Thank you for reading our free analysis today. Please note that the above is just a small fraction of today’s all-encompassing Gold & Silver Trading Alert. The latter includes multiple premium details such as the targets for gold and mining stocks that could be reached in the next few weeks. If you’d like to read those premium details, we have good news for you. As soon as you sign up for our free gold newsletter, you’ll get a free 7-day no-obligation trial access to our premium Gold & Silver Trading Alerts. It’s really free – sign up today.Przemyslaw Radomski, CFA Founder, Editor-in-chiefSunshine Profits: Effective Investment through Diligence & Care* * * * *All essays, research and information found above represent analyses and opinions of Przemyslaw Radomski, CFA and Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. Opinions and analyses are based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are deemed to be accurate, Przemyslaw Radomski, CFA and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Radomski is not a Registered Securities Advisor. By reading Przemyslaw Radomski's, CFA reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Przemyslaw Radomski, CFA, Sunshine Profits' employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.
Fed Didn‘t Tame Inflation

Fed Didn‘t Tame Inflation

Monica Kingsley Monica Kingsley 21.06.2021 16:45
As resilient as it had been before Wednesday, S&P 500 met selling pressure on Friday, including the best performing tech sector. Bullard‘s comments on the „inflation surprise“ and first rate hike before 2022 is over – are they full of hot air, testing the waters before taper, or serious intent? Given the ease with which precious metals and then select commodities such as copper or soybeans tumbled, rate hikes might appear to be baked in the cake now – but in reality, it‘s the unyielding inflation that would prove rather persistent than transitory.The Fed did the bare minimum, acknowledging inflation in passing, implying it would go away on its own. But it‘s more complicated than that – bank credit creation isn‘t strong, and had been declining before bond yields bottomed in Aug 2020. Are banks reluctant to lend, or customers to borrow? The result of production not ramping up as wildly as expected (reopening trades) is compounding the disturbed supply chains and commodity prices rising (cost-push inflation). Add to that job market pressures, and you have a recipe for inflation being more transitory than originally thought. In other words, cyclical and structural as import-export prices hint at too..Money in the system isn‘t flowing into production or capacities expansion – inventories have instead been drawn down, and need to be replenished. Just as I have written the prior Monday, that would be putting upside pressure on prices as much Europe awakening or hard hit countries such as India springing back. So, fresh money results in excess liquidity, trapped in the system, and flowing to bonds, which explains the Fed‘s need to act and fix repo rate at 0.05%. So much for the recent spike in Treassuries – this whiff of „almost deflation“ has it wrong, and yields will revert to rising – regardless of when exactly (or if) other parts of the intended $6T stimulus package get enacted.Sure, the Fed actions have shortened the (sideways) lull in Treasuries, made the dollar spike, but haven‘t changed the underlying dynamic of the free market not willing to pick up the slack in credit creation should the Fed indeed taper. Chances are, they would still taper, but later in 2022 – such was and still is my expectation, with bank credit creation being (hopefully) the key variable on their watch as a deciding factor. In the meantime, the inflation problem will get even more embedded – not a fast galloping inflation or hyperinflation, but a serious problem raising its ugly head increasingly more through the years to come.In short, the Fed played the dot plot perceptions game which amounts to no serious attempt to nip inflation in the bud. The markets (precious metals, commodities) got thrown off prior trends, but will see through the bluff that can‘t be followed by actions. The inflation trades (and by extension modest rise in yields as we drift towards 2.50% on the 10-year before that tapering actually starts, with positive consequences for financials and cyclicals) haven‘t been killed off, and will reassert themselves when the markets test the Fed (and they will). To be clear, I am calling for persistently elevated (not hyper) inflation (PCE deflator readings coming soon) with the 10-year yield reverting to its more usual trading range – so essential to financial repression reducing the real value of all obligations.Keep also the following macroeconomic point on your mind – inflation isn‘t strong enough currently to knock off the P&L to make stocks roll over, we‘re still in a reflation and commodities super bull market. Lower GDP growth potential equals growth (tech) doing fine, but expect the stock market leadership to broaden yet again to include the beaten down industrials and financials.So, there is no taper (wait for Jackson Hole), but we‘re enduring almost a taper tantrum, and stocks might need to test the 4,050 – 4,100 broad support zone that has more chances of holding than not. Doing so, it would confirm that value is far from down and out, and that we have further to run. As menacing as the VIX looks, the put/call ratio is already positioned on a rather cautious side, meaning that no great S&P 500 correction is starting here. It doesn‘t look so currently – the dislocation in credit markets (high yield end) appears temporary.Gold and silver are being hit by the hawkish Fed bets, and so are the inflation expectations. Miners are buying into it, meaning that the miners to gold ratio is threatening a downswing on the weekly chart. Has the true downtrend in the metals started? The yellow metal is actually sitting at two strong supports, and silver to gold ratio remains still in an uptrend. Simply put, the last 3 days trading action appears too exagerrated given the bond market disequilibrium amplifying the dollar upswing. Sure, it‘s a stiff headwind, but the Fed is still as easy as can be, and the copper to 10-year yield ratio remains constructive on the weekly chart, and starting to doubt the decline‘s veracity on the daily one.Oil is a great example of the commodities fever being far from over, and I‘m looking for more (basing) strength in black gold in spite of the oil index getting inordinarily spooked alongside many real assets. That‘s consistent with the persistent inflation not yielding much at all.Bitcoin and Ethereum also appear buying into the hawkish Fed narrative, when in reality money is still loose. But the dollar effect is in play in cryptos too – even if the dollar is range bound on high time frames, its current upswing hasn‘t fizzled out yet – the markets aren‘t yet near doubting the Fed.Let‘s move right into the charts (all courtesy of www.stockcharts.com).S&P 500 and Nasdaq OutlookS&P 500 daily downswing still looks to be part of a correction, and no topping pattern. Nasdaq has held up relatively well, and I‘m expecting more strength in tech, followed gradually by value.Credit MarketsThe intraday reversal in high yield corporate bonds is what matters the most, and better be followed by local bottom forming here.Technology and ValueTechnology has been quite resilient, contrasting with the doom and gloom in value or more lag in smallcaps.Gold, Silver and MinersGold and miners are reacting as if tightening was already on, and real rates actually not declining. While the dollar link has been more influential, gold price action next would decide the fate of both technical factors mentioned in the caption. Another, stronger support line including 2019 lows, is below.Silver has been and is likely to outperform gold, and in hindsight, the current storm would be of the rea cup variety. While copper rebound isn‘t here yet, the ratio to 10-year yield indicates a reprieve.Bitcoin and EthereumNeither Bitcoin nor Ethereum chart is bullish, and the only argument not to boot, is the presence of two BTC supports.SummaryS&P 500 is approaching a deciding point in its still reflationary era. Value stabilizing in the face of rising tech and Treasuries would be the next bull market run objective.Gold and silver aren‘t out of the woods just yet but tentative signs of stabilization look to be here. Conquering the pre-FOMC levels, attacking $1,900 seems for now to be more than a few weeks away.Crude oil remains well positioned to extend gains as the commodity selloff on Thursday barely touched it. The oil outlook remains bullish.Bitcoin and Ethereum aren‘t on an immediate winning streak, and the recent closing lows in Bitcoin (below 33,000) remain to be monitored for a turn in sentiment. The weekly basing pattern though can‘t be ignored, making a break below 30,000 unlikely to succeed the earlier we were to move into the 35,000 – 40,000 range. That‘s a big if.Thank you for having read today‘s free analysis, which is available in full at my homesite. There, you can subscribe to the free Monica‘s Insider Club, which features real-time trade calls and intraday updates for all the four publications: Stock Trading Signals, Gold Trading Signals, Oil Trading Signals and Bitcoin Trading Signals.
Bitcoin, reinvent yourself

Bitcoin, reinvent yourself

Korbinian Koller Korbinian Koller 20.07.2021 11:12
The weekly snapshot taking isn’t picked at random.Each trade should have at least three timeframe components.A trade setup time frame where the edges get stacked, and risk/reward is determined, with targets and a stop level.A time frame higher than the setup timeframe, which needs to confirm trading direction. If you have a long entry set up on a daily chart, but the weekly chart has a downtrend of price, this setup is invalid and should therefore not be executed.And an entry time frame is the next lower time frame below the setup time frame, allowing for more precise entry timing and stacking odds to minimize risk.For example, suppose you are a position trader with a typical holding period of 2-4 weeks. In that case, you are looking for a trend on the weekly chart. Find a setup on a daily chart in the direction of that trend. And fine-tune the entry on the sixty-minute timeframe.This makes the weekly chart a part of even the largest time frame market participants and day-traders should not ignore its trend, hence our choice for weekly publications.BTC-USD, Monthly Chart, Monthly time frame for direction:Bitcoin in US-Dollar, monthly chart as of July 20th, 2021.One of the best ways to reinvent yourself, meaning to get in a proper neutral state, is finding a relatively quiet trading spot within the 24/7 Bitcoin trading environment. Or even better, turn your real-time data feed off, so that the charts can not stimulate you with movement. Start with the largest time frame from your triple time frame set up and get a sense of the long-term direction (sideways, up, steep up, down, steep down) and only consider setups in the time frame below (the setup time frame) that follow this direction.In this week’s chart book, we take as an example the monthly time frame for a long-term Bitcoin position. Bitcoin, reinvent yourself.We can see on the monthly chart above a clear long-term bullish note on Bitcoin. In addition, we see good support based on our overlaying two Fibonacci retracements. In retracement A from the absolute lows of the latest strong up-leg from March last year, we get good price support. From the second measurement of the pure breakout leg through US$20,000, we have already had a bounce with a doji indecision bar of last month. Consequently, we are looking for long setups only on the next lower time frame, the weekly chart.BTC-USD, Weekly Chart, Weekly time frame for setups:Bitcoin in US-Dollar, weekly chart as of July 20th, 2021.Having identified the monthly time frame to a bullish trend on Bitcoin, we wouldn’t consider even a beautiful short setup since we insist on all edges stacking in our favor. This already cuts our entry horizon of possibilities in half.The weekly chart above shows an entry possibility on low risk near prices on the bottom of a sideways range right now (yellow box). This ten-week trading range between US$30,000 and US$39,000 has substantial fractal volume support, as shown in the histogram on the right side of the chart. We also find previous price support (see a green horizontal line). In addition, prices trade at the mean, also a typical reversal and support spot (yellow directional line). BTC-USD, Daily Chart, Daily time frame for execution:Bitcoin in US-Dollar, daily chart as of July 20th, 2021.The weekly chart time frame planning sets the tone for our daily calls. A daily review for what execution setups we would be looking for and, most of all, filtering out any trades we are NOT interested in.  See our daily call methodology. We post these daily calls for various asset classes daily in our free Telegram channel.By focusing on what not to do, we avoid the blue car syndrome and use a tool to reinvent ourselves.In the daily chart above, you can see a possible turning point in the making. We would not be surprised if prices penetrate the range violently to quickly reverse, creating a wick, as it has in the past (white circles).No matter what methodology you use in fine-tuning your entries and reducing risk, right now is the time to pay attention.Bitcoin, reinvent yourself:The neutral mindset isn’t the only aspect of trading that calls for a daily reinvention. The mind that observes is a different one than the mind that executes trades. The observer evaluates, compares, and debates, necessary to find edges and build systems. The executioner must follow a clear set of rules blindly and can’t afford debate. Last-minute evaluation creates stress and an unwanted reach for intuition-an aspect not valuable for a counter-intuitive environment.Consequently, this means a scheduled daily routine where one reinvents oneself repeatedly to be a valuable tool in market participation or otherwise; the vast sea of choices within the market swallows you and exploits the lack of discipline.Feel free to join us in our free Telegram channel for daily real time data and a great community.If you like to get regular updates on our gold model, precious metals and cryptocurrencies you can subscribe to our free newsletter.By Korbinian Koller|July 20th, 2021|Tags: Bitcoin, bitcoin consolidation, Bitcoin mining, crypto analysis, Crypto Bull, crypto chartbook, crypto mining, low risk, quad exit, technical analysis, trading education|0 CommentsAbout the Author: Korbinian KollerOutstanding abstract reasoning ability and ability to think creatively and originally has led over the last 25 years to extract new principles and a unique way to view the markets resulting in a multitude of various time frame systems, generating high hit rates and outstanding risk reward ratios. Over 20 years of coaching traders with heart & passion, assessing complex situations, troubleshoot and solve problems principle based has led to experience and a professional history of success. Skilled natural teacher and exceptional developer of talent. Avid learner guided by a plan with ability to suppress ego and empower students to share ideas and best practices and to apply principle-based technical/conceptual knowledge to maximize efficiency. 25+ year execution experience (50.000+ trades executed) Trading multiple personal accounts (long and short-and combinations of the two). Amazing market feel complementing mechanical systems discipline for precise and extreme low risk entries while objectively seeing the whole picture. Ability to notice and separate emotional responses from the decision-making process and to stand outside oneself and one’s concerns about images in order to function in terms of larger objectives. Developed exit strategies that compensate both for maximizing profits and psychological ease to allow for continuous flow throughout the whole trading day. In depth knowledge of money management strategies with the experience of multiple 6 sigma events in various markets (futures, stocks, commodities, currencies, bonds) embedded in extreme low risk statistical probability models with smooth equity curves and extensive risk management as well as extensive disaster risk allow for my natural capacity for risk-taking.
Gold – Has the summer rally already begun?

Gold – Has the summer rally already begun?

Florian Grummes Florian Grummes 20.07.2021 15:07
After the sharp drop in the first half of June and a tenacious sideways bottoming out, the gold price recovered to US$1,834 and thus reached its 200-day moving average (US$ 1,827) again. Gold – Has the summer rally already begun?ReviewSince gold prices reached a new all-time high at US$2,075 on August 7th, 2020, the entire precious metal sector has been in a multi-month correction. After eight months within this correction, gold fell back to an important double low at around US$1,676 in mid and late March. From there, prices recovered strongly in April and May. This wave up ended at US$1,916 (+14.3% in eight and a half weeks). Subsequently, gold prices came under strong selling pressure once again. A quick and steep sell off took prices down by US$142 within just one week between June 11th and 18th. But it was not until June 29th that the gold market finally found its turning point at US$1,750. From here, an initially tenacious but step by step more dynamic recovery towards US$1,834 began. Over the last few days, gold slipped back below US$1,800 only to recover quickly back to US$1,815.While central bankers, politicians and the media have been talking down the increasing fears of inflation (US consumer price index +5.4% in June), gold was only able to recover slowly from the severe pullback in June. Nevertheless, gold current trades about US$65 higher than at its low point a three weeks ago. Is this the end of the typical early summer correction in the precious metals sector or is there still some more downside to come?Technical Analysis: Gold in US-DollarWeekly Chart – The series of higher lows remains intactGold in US-Dollars, weekly chart as of July 20th, 2021. Source: TradingviewOn the weekly chart, gold has been moving higher within a clearly defined uptrend channel (dark green) since autumn 2018. The lower edge of this trend channel was tested in April 2019. The sharp pullback in June, on the other hand, has so far ended at US$1,750 and thus at the connecting line (light green) of the last three higher lows. At the same time, the upper edge of the former downward trend channel (red) was successfully tested for support.If the correction is now over, gold could already be on the way to its upper Bollinger Band (US$1,911). In any case, the stochastic has turned upwards again and thus provides a new buy signal.Overall, the weekly chart is not (yet) convincing, but the bullish tendencies prevail. To confirm the uptrend, a higher high is needed in the next step, which would require gold prices above US$1,916. Until then, however, the bulls still have a lot of work to do. If, on the other hand, the low at US$1,750 is being taken out, another retracement towards the lower edge of the uptrend channel at around US$1,670 to US$1,700 is very likely.Daily Chart – Around the falling 200-day moving averageGold in US-Dollars, daily chart as of July 20th, 2021. Source: TradingviewOn the daily chart, gold had good support at the cross of a downtrend and an uptrend line. Starting from that zone and the low at US$1,750, gold did already recover slightly above the still falling 200-day moving average (US$1,824). However, as the stochastic oscillator has already moved into the overbought zone and created a new sell signal. As well, the upper Bollinger Band (US$ 1,831) is blocking the bulls. Hence, a consolidation around the 200-day moving average would be a highly conceivable scenario.Bulls need to gain confidence againOnce the important 200-day moving average will have been sustainably recaptured and the bulls will have gained some confidence, the rally could continue and transform into the typical summer rally. The next target would then be the downward trend line from the all-time high via the high from the end of May. This line is currently sitting at around US$1,892 and is falling a few dollars a day.In summary, the daily chart is overbought in the short term. This means that the risk/reward ratio is not good right now. Ideally, however, the bulls will succeed in consolidating around the200-day moving average for at least a few days or even several weeks. This would provide the launching pad for the summer rally and higher gold prices. If, on the other hand, prices fall below US$1,790 again, the correction will likely continue. However, only below US$1,765 the promising setup for a midsummer rally would be destroyed.Commitments of Traders for Gold – Has the summer rally already begun?Commitments of Traders for Gold as of July 19th, 2021. Source: SentimentraderThe commercial traders used the sharp pullback in June to cover their short positions again. This has eased the setup in the futures market somewhat. Nevertheless, with 221.028 contracts sold short as of last Tuesday, commercial traders still hold a relatively high short position on the gold future in a longer-term comparison.In summary, the current Commitment of Trades report (CoT) still does not provide a contrarian buy signal but calls for caution and patience.Sentiment for Gold – Has the summer rally already begun?Sentiment Optix for Gold as of July 19th, 2021. Source: SentimentraderThe Sentiment in the gold market fell to a low at the end of June and has since recovered quite a bit. However, this low did not represent an extreme, but rather showed only a slight increase in pessimism. The last “real” panic low in the gold market, on the other hand, was last seen in August 2018 with the sell-off at that time down to US$1,160. No one can predict when and if such a good contrarian opportunity will arise again in this bull market. It remains to be said that the correction in June did not lead to any extreme pessimism, and that confidence has already prevailed again.The sentiment thus tends to reinforce the doubts about a sustainable and imminent wave up.Seasonality for Gold – Has the summer rally already begun?Seasonality for Gold over the last 53-years as of July 14th, 2021. Source: SentimentraderA strong green light, on the other hand, currently comes from the seasonal component! Statistically, a major bull move in the gold market begins precisely in these days. This wave up usually lasts until the end of September or even mid-October. Although the price action of the last three weeks left the impression of an early summer doldrums, it is precisely this price behavior that fits the seasonal pattern.Hence, as soon as the gold market will start to move, the chances of a strong movement up are very favorable from a seasonal perspective.Sound Money: Bitcoin/Gold-RatioBitcoin/Gold-Ratio as of July 20th, 2021. Source: TradingviewWith prices of around US$29,500 for one bitcoin and US$1,815 for one troy ounce of gold, the Bitcoin/Gold-ratio is currently around 16.25. This means that you currently must pay a bit more than 16 ounces of gold for one bitcoin. Conversely, one ounce of gold currently costs 0.0615 bitcoin. Since the sharp sell off at the beginning of May, the bitcoin/gold ratio has mainly been running sideways. Another price slide does not seem out of the question given the continued weakness of bitcoin. However, the long-term uptrend in favor of bitcoin remains intact, while the stochastic on the ratio chart is heavily oversold.You want to own Bitcoin and gold!Generally, buying and selling Bitcoin against gold only makes sense to the extent that one balances the allocation in those two asset classes! At least 10% but better 25% of one’s total assets should be invested in precious metals physically, while in cryptos and especially in bitcoin one should hold at least between 1% and 5%. If you are very familiar with cryptocurrencies and bitcoin, you can certainly allocate much higher percentages to bitcoin on an individual basis. For the average investor, who is primarily invested in equities and real estate, 5% in the still highly speculative and highly volatile bitcoin is a good guideline!Overall, you want to own gold as well as bitcoin since opposites complement each other. In our dualistic world of Yin and Yang, body and mind, up and down, warm and cold, we are bound by the necessary attraction of opposites. In this sense you can view gold and bitcoin as such a pair of strength. With the physical component of gold and the pristine digital features of bitcoin you have a complementary unit of a true safe haven for the 21st century. You want to own both! – Florian GrummesMacro update and Crack-up-Boom:FED Balance sheet as of July 10th, 2021. Source Holger ZschaepitzIn terms of monetary expansion, the global uptrend continued in recent weeks, of course. The balance sheet of the US Federal Reserve grew by US$19 billion to a total of US$ 8,097.8 billion and thus once again reached a new all-time high. The Fed’s balance sheet total is now equivalent to 37% of the GDP in the USA.ECB Balance sheet as of July 13th, 2021. Source Holger ZschaepitzThe ECB’s balance sheet rose by another EUR 18.7 billion last week to a new all-time high of EUR 7,926.6 billion. With this, the ECB also created new billions out of thin air, as it does every week, completely irrespective of which of its various goals (symmetric or average price target, pandemic emergency purchase program PEPP or quantitative easing) is currently supposedly being pursued.ECB Balance sheet in percentage of Eurozone GDP as of July 10th, 2021. Source Holger ZschaepitzThe ECB’s balance sheet total is now equivalent to over 75% of the GDP of the entire Eurozone, reflecting the ECB’s huge increase in power. The central bank has long since been unable to concentrate on its actual goal of price stability. Instead, it has taken on too many other tasks in the ECB Tower in Frankfurt. And these fiscal and monetary interventions are becoming increasingly vertical.Central banks are destroying the free marketDigital Euro as of Jul 14, 2021. Source: European Central BankHowever, printing money has never worked in the history of mankind. It will not work this time either. The question remains how long the music will continue to play for the dance on the volcano, and whether it will still be possible in time to finally and completely eliminate the free markets with a new digital EUR currency.ECB = Reichsbank 2.0 as of July 8th, 2021. ©Stefan SchmidtIn the end, Madame Lagarde, just like Rudolf Havenstein, is a prisoner of the absurd financial policy that has maneuvered itself into a dead end thanks to an unbacked paper money system. Havenstein, by the way, was also an inflationist and, until his death in November 1923, interpreted the Weimar hyperinflation as a product of the unfavorable balance of payments and did not get the idea that it had come about through the unbridled use of the printing press.Conclusion: Gold – Has the summer rally already begun?After the sharp pullback in June and an initially tenacious bottoming phase, gold recovered towards US$ 1,834 in the last two weeks. Even though this rally took quite some effort, gold makes the impression that there is more upside to come. The summer rally has probably already started. After a temporary consolidation around the 200-day moving average, August should bring significantly higher gold prices (US$1,865 and US$1,910). Short-term pullbacks towards and below US$1,800 are therefore buying opportunities.However, the performance of the mining stocks does not quite fit into this optimistic picture. The GDX (VanEck Gold Miners ETF) is currently trading well below its 200-day moving average. And heavyweights such as Newmont Corporation and Barrick Gold have not been able to get back on their feet at all since the sell-off in mid-June. Despite this weakness in gold mining stocks, the call for a summer rally in the sector will have to be canceled if gold moves back below US$1,765.Analysis initially written on July 15th and published on July 19th, 2021, by www.celticgold.eu. Translated into English and partially updated on July 20th, 2021.Feel free to join us in our free Telegram channel for daily real time data and a great community.If you like to get regular updates on our gold model, precious metals and cryptocurrencies you can subscribe to our free newsletter.By Florian Grummes|July 20th, 2021|Tags: Bitcoin, Bitcoin correction, bitcoin/gold-ratio, Gold, Gold Analysis, Gold bullish, gold correction, Gold Cot-Report, gold fundamentals, gold mining, Gold neutral, Silver, The bottom is in|0 CommentsAbout the Author: Florian GrummesFlorian Grummes is an independent financial analyst, advisor, consultant, trader & investor as well as an international speaker with more than 20 years of experience in financial markets. He is specialized in precious metals, cryptocurrencies and technical analysis. He is publishing weekly gold, silver & cryptocurrency analysis for his numerous international readers. He is also running a large telegram Channel and a Crypto Signal Service. Florian is well known for combining technical, fundamental and sentiment analysis into one accurate conclusion about the markets. Since April 2019 he is also chief editor of the cashkurs-gold newsletter focusing on gold and silver mining stocks.
Intraday Market Analysis – USD Breaks Lower

Intraday Market Analysis – USD Breaks Lower

John Benjamin John Benjamin 03.08.2021 08:26
USDJPY struggles for supportThe Japanese yen strengthened on better-than-expected Tokyo CPI in July. The bearish MA cross from the daily timeframe may have put the bulls on the defensive.The dollar’s struggle to keep its head above 109.60 suggests a lack of commitment from the long side. 109.90 has established itself as a fresh resistance.The RSI has risen back into the neutrality area, giving sellers room to push lower. 109.00 is the closest support and its breach could deepen the correction for the days to come.USDCHF falls towards daily supportThe US dollar inches lower as July’s ISM Manufacturing PMI fell short of expectations.The pair dipped further in the bearish territory after 0.9070 failed to keep the price afloat. An oversold RSI has helped the greenback to claw back some lost ground.However, the rebound may be short-lived as sentiment favors selling into strength. 0.9090 is the hurdle where sellers could be waiting to jump in at a better price0.8980 at the origin of the June rebound is a critical demand zone on the daily chart.NAS 100 extends consolidationUS stock markets remain supported thanks to strength among corporate earnings.The Nasdaq 100 has slowly ground its way up from the 20-day moving average. The price action has once again bounced off the demand zone above 14800.As the index recoups its previous losses, there is high hope that the rally could resume to new all-time highs. For this, the bulls will need to lift offers around the peak at 15140. Failing that, a pullback towards 14550, a key level on the daily chart would be the path of least resistance.
More Chop Before NFPs, Or Not?

More Chop Before NFPs, Or Not?

Monica Kingsley Monica Kingsley 05.08.2021 16:09
Again, today's report will be way shorter than usual, and focus only on select charts so as to drive position details of all the five publications.Let‘s move right into the charts (all courtesy of www.stockcharts.com).S&P 500 and Nasdaq OutlookTuesday‘s intraday reversal looks to mark the meek bearish push I talked about on Monday – I‘m looking for the bulls to be today on the initiative. Today, that‘s a key word here, especially given the (a bit too one-way extended but still) risk-off credit markets, and tomorrows non-farm payrolls of course.Credit MarketsThe plunge in high yield corporate bonds is going a bit too far in my view – and unless the 500-strong index joins, I don‘t see HYG as leading to the downside to usher in a sizable correction. HYG deceleration followed by stabilization and upswing would be the best the stock bulls can hope for.Gold, Silver and MinersMiners‘ strong showing was relegated to history yesterday, but we haven‘t seen a reversal to the downside – upswing rejection is all that happened. Silver weakness had more to do with yesterday‘s commodity (namely copper and oil) woes than anything else.Crude OilThe oil downside wasn‘t indeed over, and resulted in fresh oil short profits yesterday, taking my portfolio results to new highs. The rising volume shows that we‘re potentially approaching a reversal, but so far there isn‘t any proof thereof.Natural GasSteady uptrend in the other key energy asset, natural gas. The break above the prior sideways to slightly lower flag / triangle approximating structure, happened on higher volume, and is thus more credible. Good that the fundamentals support the upcoming appreciation higher, too.Bitcoin and EthereumYesterday‘s crypto gains haven‘t been entirely defended, but it would be premature to talk about downside reversal. Consolidation playing out with Ethereum‘s continued outperformance of Bitcoin, is the kind of surefire conclusion here.SummaryIn place of summary today, please see the above chart descriptions for my take.Thank you for having read today‘s free analysis, which is available in full here at my homesite. There, you can subscribe to the free Monica‘s Insider Club, which features real-time trade calls and intraday updates for all the five publications: Stock Trading Signals, Gold Trading Signals, Oil Trading Signals, Copper Trading Signals and Bitcoin Trading Signals.
Gold & the USDX: Correlations

Top 3 stocks to buy in September

Kseniya Medik Kseniya Medik 09.09.2021 11:25
Do you want to know what companies can rocket in September? Here you go! Top 3 most promising stocks!Walt DisneyThe House of Mouse has been moving gradually up for the last three months. This month should be the most successful one as this week, Disney starts selling new annual passes to Disney World for the first time in over a year. The company raised its price and has more premium-priced options than before. Do you remember how Disney encouraged investors with a fast return to profitability for its theme park segment in the second quarter? This quarter is going to be even better!If we look at the chart, you’ll notice that the stock price of Disney has broken above the 50% Fibonacci retracement level of $185.00. If it manages to stay above this strong resistance level, it has all chances to jump to the next Fibo level near $190.00. Support levels are $180.00 and $178.00.NVIDIANVIDIA keeps showing strength across all the company’s products: from AI to data analytics and gaming, and even cryptocurrencies! Nvidia’s second-quarter earnings results were encouraging. The revenue grew by 68% year-over-year. In late August, NVIDIA has launched NVIDIA AI Enterprise, a software that offers even more powerful AI tools than before. NVIDIA’s AI leadership in the booming cloud market can double its current stock price.Don’t be confused when you look at the chart. NVIDIA has recently made a stock split. Great opportunities for investors to buy the company at a lower price. If NVIDIA breaks above the recent high of $230.00, it will jump to the next round number of $250.00. Support levels are $210.00 and $190.00.* A stock split is when a company divides the existing shares of its stock into multiple new shares to make the price of one share lower.AppleSeptember can be important for Apple as it usually releases its latest iPhone version at this time. This event will result in another wave of sales growth for the company. The iPhone ecosystem includes apps, extra devices, and other services that also add to overall Apple’s growth. Wider availability of high-speed 5G networks continues to increase demand for new iPhones. Let’s look at the chart! Apple is currently at its all-time highs. The way up to the psychological mark of $160.00 is open now. If the price jumps above it, it may rally up to the next round number of $165.00. Support levels are $155.00 and $150.00.Download the FBS Trader app to trade anytime anywhere! For personal computer or laptop, use MetaTrader 5!
Intraday Market Analysis – USD Attempts Rebound

Intraday Market Analysis – USD Attempts Rebound

John Benjamin John Benjamin 15.09.2021 08:57
USDCHF seeks supportThe US dollar initially tumbled after a minor drop in August’s core CPI. However, the pair can capitalize on strong buying interest from the trough near 0.9150.A tentative break of August’s high at 0.9240 suggests that buyers are in control of price action. Though an overbought RSI has tempered the bullish drive, the latest pullback to 0.9180 can be an accumulation phase.A rebound may lift bids to July’s high at 0.9275. A breach of that ceiling would attract momentum buying and resume the greenback’s rally.XAUUSD bounces off demand zoneGold surged thanks to a decline in Treasury yields. The precious metal had met stiff selling pressure at the triple top (1830) from the daily chart.Short-term sentiment has turned positive after a week-long consolidation above the demand area of 1780. The break above 1803 would prompt the bears to cover their bets. An overbought RSI may trigger a temporary pullback.A rebound would challenge the critical level of 1830 once again, where a bullish breakout may resume the five-week-long rally.US 30 breaks supportThe Dow Jones 30 retreated as last month’s US inflation remained above the Fed’s target. The index was bought out of the dip over the daily support at 34580.The rebound turned out to be short-lived after a breakout invalidated this key floor. A bearish MA cross indicates that sentiment has become increasingly downbeat.The psychological level (34000) from last July would be the next target. On the upside, 34950 is a fresh resistance where sellers would be eager to erase any rebound.
OVERVIEW OF COVESTING

OVERVIEW OF COVESTING

Prime XBT Prime XBT 17.11.2021 09:37
Nearly everyone familiar with the world of cryptocurrency knows about the successful platform called ChainLink. Also called LINK, ChainLink is the fifth global cryptocurrency platform in terms of market capitalization.  The mission of this decentralized union is to enhance real-world data in connecting smart contacts. This platform has grown its worth by 100% since January 2020. If you are wondering what cryptocurrency platform to invest in gain as much as 100% returns, this article holds the answer. In this article, we will introduce you to Covesting, provide vital information about the platform, and guide you as to whether or not you should get involved in Covesting. What you need to know about Covesting Covesting is a financial technology (fintech company) operating globally and registered in Gibraltar.  The company handles a vast range of software needs and offers solutions to individual customers and institutions globally. Covesting is one of the international firms that received the Distributed Ledger Technology License by the Gibraltar regulatory authorities, which gives it a boost and assurance of great achievements in 2020. Traders and new users can connect on Covesting through the Copy trading or social trading feature. The copy trading or social trading feature allows users to identify expert traders on the platform. After selecting experienced traders, they can automatically copy their trading patterns. Copy-trading or social trading is a smart tactic for both traders and their followers to earn a profit. In practice, when a trade is profitable, the expert trader receives a share of the profit from their followers. Likewise, the followers can trade with fewer fees and greater ease even if they are a novice in trading crypto. Covesting also has a unique token called COV that traders on the platform can use for their activities. Read on to learn more about COV and other features in Covesting. PrimeXBT's partnership with Covesting Covesting is in partnership with a renowned and award-winning trading platform PrimeXBT. The firm won the 2020 ADVFN International Financial Awards as the Best Bitcoin Margin Trading Platform.  PrimeXBT offers Bitcoin trade, forex, indices, stocks, commodities, etc. on a global scale and has over 1 billion USD trading volumes. Other features on PrimeXBT 1: 100 cryptocurrency leverage Accumulated assets from different asset providers. A safe and secure platform for trade. Vast range of trading tools. How to use Covesting through PrimeXBT Users and traders can assess Covesting through PrimeXBT and create strategies for funding and trading in a transparent environment. Tracking records will be made visible to potential traders who can monitor the trade records of expert traders. The followers will see their capital investment and returns, and then decide whether or not to copy the trade. You can search traders through the Covesting area. From the search results, you can decide on a successful trader to follow and copy. Following a trade and copying the trading pattern helps you to earn passive income with little or no knowledge. The traders-followers pattern is also an avenue for the traders to build their reputation. It will earn them more profit if they know what to do. Is COV Likely to Skyrocket? Investors can use the Covesting token (COV) to invest in the platform. Investing with the token is very profitable when the value appreciates.  Those interested in serious investment and profits can avail themselves of the supply of token available on the platform. 18,000,000 tokens are in circulation out of a total of 20,000,000 tokens. Top investors referred to as 'strong hands' control 50% of the total token in circulation. Covesting differentiates its utilities into core and secondary token utilities. With an ambitious business goal and direction, Covesting is out to expand its frontiers in business and fintech. The firm aspires to obtain more partnership deals with other third-party trading platforms asides from PrimeXBT through the white-label licensing agreements. With its current partnership with PrimeXBT, the two companies want to integrate the COV token into PrimeXBT. The purpose of this integration is to reduce the trading fee, expand the success fee, and increase followers' limits. Reduced Trading Fee A reduced trading fee is achievable for strategy managers who hold COV. The deduction in trading fees will cover about 10%-100% of the COV token, although, the particular COV discount level has not been ascertained. Higher Success Fee Percentage Followers can earn a higher percentage of profits on their success fee when they stake with COV tokens. Presently, profits from closed trades on Covesting are shared between the platform, traders, and followers. The percentage distribution of profit is calculated depending on the current rates and market conditions, of which traders and followers will receive a greater percentage profit than the platform. Limits on Follower Numbers Covesting plans to enforce a limit on followers to keep their utility high. However, a trader can increase follower numbers when they start staking COV tokens. Token Burns Covesting will calculate and burn a specific amount from its monthly or quarterly generated fees. The token burn will exclude affiliate earnings, fee discounts, and other costs.  Covesting has an admirable customer base, and the COV has a strong medium-term potential. Traders can also trade COV on other platforms, including onKuCoin. Benefits of Covesting and its COV-token In summary, these are what you can benefit from trading on Covesting and using the COV token. Team of trustworthy holders. Higher token value. Reliable partnerships with other renowned platforms. Possibilities of utility and token burns. Recommended by analysts on TradingView. A community of dedicated followers. Legitimate, registered, and regulated platform Token is still under the radar Our Verdict Our review has shown that investing and trading on Covesting has many benefits. However, this should not be your final research before investing your funds in this platform.  Find out more about Covesting and COV before you invest and trade. To learn more about the COV token and trading, you can visit their website. Also, follow traders to learn about their trading strategy.  In all, our verdict is that Covesting is a very promising platform for investment and trading, but make sure you do not invest until you are convinced that it is the best platform for you.
Covesting

Covesting

Prime XBT Prime XBT 15.11.2021 09:47
The decentralised oracle network ChainLink works by connecting contracts with data from around the world. Now one of the most popular cryptocurrencies, it can make you wonder where the next big cryptocurrency will be coming from and, more importantly, how to get on board before it explodes in popularity. It is time to introduce you to Coversting. What Is Covesting? Covesting is an international fintech corporation which offers an array of software solutions for customers across the world. Recognising the importance of being based in a country where the government fully supports what the company is about, Covesting is based in Gibraltar. Quickly becoming one of the first companies in the world to receive a Distributed Ledger Technology License, also referred to as DLT, from the authorities in the British Overseas Territory, Covesting has its own token; COV. Developing their own platform, Covesting connects traders with a variety of followers, a little similar to social media, allowing for both the follower and the trader to make profitable gains. Traders earn a small fee from the equity of their followers, while the followers benefit from hassle free trading by following the trader’s most successful strategies. This process is known as ‘copy trading’. Partnership with PrimeXBT Now available to everyone via PrimeXBT, the Covesting platform allows traders to make profit from each other as well as their own followers. To make capital, transparency is key. Traders create funds with their best strategies which users can then easily verify, along with the track record of the trader and how much money has been invested into each fund. If traders are able to build and maintain a good reputation, they will be able to generate a second income by attracting new followers. Users can view traders objectively, looking at their results and only invest when they are comfortable they have selected the right trader for them. This way, capital can be generated passively without knowledge of the market or any trading skills. PrimeXBT Offering services such as foreign exchange and stock indices, PrimeXBT is a Bitcoin based trading platform. With trading volumes over $1 billion (USD), in 2020 the company won ‘Best Bitcoin Margin Trading Platform’ at the International Financial Awards. As a platform, PrimeXBT can provide up to one hundred times leverage for cryptocurrencies, a wide range of technical analysis tools and extra security for efficient and safe trading. Why Will COV Be Popular? With a limited supply of tokens, only 18 million COV tokens are in circulation and half of these are held in ‘strong hands’. Holders of the tokens gain access to benefits and COV utilities will be divided up between Secondary and Core token utilities. Moving forward, Covesting plans to partner with other third parties to increase the utilities offered to token holders. So what will a COV token be used for? Well, it will be integrated into PrimeXBT and will be used for a number of functions. These include: Trading Fee Reduction Fee reduction tiers will range from between 10% and 100%, and the level of reduction permitted will depend on the amount of COV tokens held. The number of tokens required for each level reduction will be announced at a later date though there are a variety of options and benefits available. Improving Success Fee Percentage Followers can favourably increase the percentage of success fees by staking tokens and taking advantage of its utility. At the moment, Covesting takes a percentage of success fees on closed profitable trades. Determined by the corresponding offer, Covesting then distributes the remaining percentage between the follower, the strategy manager and the platform. Offers are subject to change depending on the current market conditions. By staking a certain amount of COV tokens, Covesting has a smaller percentage, with a larger share going to the follower on profits made by the strategy manager. Increasing Following Limits In order to keep token utility levels high, Covesting implements limitations on the maximum number of unique followers permitted, in addition to imposing limitations on capital. Staking COV tokens unlocks followers and raises capital limits. Token Burns Covesting will burn a portion of fees generated at regular intervals throughout the year. Calculated fees will exclude affiliate earnings, fee discounts and various other revenue impacts. COV tokens have a lot of potential in a relatively short time frame, being traded on KuCoin and Inter Alia. Covesting is surrounded by a very supportive community with the price reaction to Covesting’s module launch on PrimeXBT being extremely positive. In Summary The best piece of advice you can get is to visit the Covesting website and carry out your own research about the token before deciding whether or not to invest. You may also wish to try your hand at trading cryptocurrency on PrimeXBT. If you follow this link, you will receive a welcome bonus of $50 when you sign up. When you start to follow traders, it is important to remember that their past results are not a guarantee of any future results. You should also look at how long a certain strategy has been live on the platform. For example, the newer the strategy the more risk it involves and following some strategies can result in financial losses. This said, if you cannot afford to lose capital, do not invest until you are prepared to accept the risk of loss. Reasons for Holding COV Main reasons for holding COV tokens include: Trusted, licensed company Limited token supply Under the radar at the moment Future utility plans Top TradingView analyst recommendations Token burns Strong sense of community
A Guide To PrimeXBT V2.0

A Guide To PrimeXBT V2.0

Prime XBT Prime XBT 15.11.2021 09:43
PrimeXBT, your award-winning trading platform, has been upgraded to deliver even more value to the trading community. This upgrade includes several improvements to the platform's appearance and interface. But the biggest reason for the upgrade is the addition of Ethereum and stablecoin based margin accounts. In this guide, you will find all you need to know about the introduction of ETH, USDT, and USDC margin accounts, as well as other features of PrimeXBT's upgrade to version 2.0. Welcome To Version 2.0 When you first log into your account (since the upgrade), you’ll be greeted with a message introducing the updates. There are a few slides that also inform you of all the new features that have been added. You’ll notice that the dashboard has been reorganized and now includes a Main account section. This section provides you with the information you need regarding your margin accounts, wallet, followings or Covesting accounts, and more. The New Main Page Shows You All You Need In One Glance You can execute several operations from the Main page because it provides you everything you need at a glance. Some of these tasks include initiating withdrawals, making deposits, viewing your balances, creating margin accounts, and more. No matter the cryptocurrency (BTC, ETH, USDC, and USDT), you can create a separate margin account for each. You can also deposit COV tokens, but these are not for your margin accounts. Their use will be explained further in this guide. To fund any account from your PrimeXBT’s Main page, you have to deposit funds into the secure cryptocurrency address for that account. You can find the address within your PrimeXBT account dashboard. Once funded, you will need to move the crypto into the margin account from your wallet. New Accounts In ETH, USDC, and USDT With the Bitcoin-based margin trading, PrimeXBT earned many awards. Now there’s more! PrimeXBT has added Ethereum, Tether, and USD Coin. This is one of the Version 2.0 upgrade's most significant features and has been merged into the same account system and internal trading engine. You can use these currencies beyond Bitcoin-based margin trading. Get a free account with PrimeXBT and start trading with a small minimum deposit. You can sign up in less than 59 seconds, so do so now if you haven't registered with PrimeXBT. There are more than 50 CFDs for you to trade on PrimeXBT, and they cut across stock indices, commodities, crypto, Forex, and more. You can trade all of these within each individual currency type. You will find isolated account details within each dedicated margin account. Your All-New Reports Section PrimeXBT has also added a Reports section which contains detailed vital account information. You can find information such as a log of all your transactions in this section. This makes tax reporting and bookkeeping very easy. The Updated Referral Section As a result of the inclusion of these new currencies, the referral section has also been upgraded. This section of the website now lists commissions in whichever currencies new users trade in. In order words, if a user trades in Ethereum, commissions are generated and paid out in Ethereum. So, when you refer anyone to PrimeXBT, you will get your commissions in the currencies the user trades in. The referral system includes simple referral links you can use on different media, including forums and social media. You can share it with friends and loved ones too. Depending on where you are on PrimeXBT’s four-level referral system, you can get as much as 20% commissions per referral. Enhancements To The Covesting Copy Trading The Covesting Trading Module has been an innovative copy trading system connecting followers to strategy managers. The system makes it possible for both parties to earn and profit. With the addition of ETH, USDC, and USDT, this module has also been upgraded to support these cryptos and given a facelift. How Covesting Copy Trading Works Strategy managers post their trades for followers to copy. When they close their positions, both parties earn. These more skilled traders earn a commission (success fees) off of followers’ capital commissions. These commissions can add up quickly, and the top Covesting traders have already earned millions in commissions, as well as generated millions for their followers. Traders are reviewed by a five-star system that spurs everyone to be at their best. They are then ranked accordingly and displayed on global leaderboards, with different success factors, including their wins, total profits, and even losses, highlighted. With the inclusion of other currencies in version 2.0 of PrimeXBT, followers can only follow strategy managers in like-currencies, thus encouraging a diversified Covesting community. Followers with ETH-based margin accounts can now only follow strategy managers with the same currency accounts. We mentioned the COV utility token earlier. It is at the heart of the Covesting copy trading module and can be used to unlock many other benefits within the module. More PrimeXBT Features PrimeXBT has so many incredible features for traders. Some of these include responsive customer service, Turbo, an official blog containing lots of trading tips, educational guides, and more. Turbo With Turbo, you (all traders) have access to unique ways to position yourself in the market. It also includes an analysis section that that seamlessly integrates with TradingView for an incredible technical analysis and risk management experience, and more. Blog & News The company's blog and news tabs keep you updated with news and market information and content to help you become your better version of the trader you are and make the most of your trades. Security PrimeXBT prioritizes security. The platform is highly secure and built on bank-grade security infrastructure. With the help of a distinctive wallet structure that involves cold storage, the platform has never been hack. Each account is secured with address white-listing and two-factor authentication. PrimeXBT also boasts a 99.9% uptime. 24/7 Responsive Customer Support Besides all the fantastic features of PrimeXBT, one of its best is its 24/7 live customer support staff. They are trained and ever-ready to assist you with whatever issues you might have. There’s also a help center containing tutorials to help you with anything. Advanced Trading Tools PrimeXBT’s upgrade to version 2.0 offers traders an all-in-one platform for the complete trading experience. It contains all the advanced trading tools necessary to become the successful trader you always dreamed of while also minimizing risks. It has the best slippage in the industry with stop-loss orders to ensure capital preservation. It also offers you excellent opportunities with its leverages and diverse ways to access the markets. Stable Coins For Added Risk Protection Bitcoin and Ethereum are known to be subject to base currency account volatility. This type of volatility spurred many users to request the addition of stablecoins. With the inclusion of USDT and USDC, traders can now eliminate all risks associated with such volatility. This is one of the fundamental reasons for the upgrade to version 2.0. Today Is Your Best Time To Trade CFDs On An Award-Winning Platform With PrimeXBT's upgrade to version 2.0, you can now use BTC, ETH, USDT, and USDC for margin accounts. You can trade any combination of the most popular markets, including the S&P 500, Bitcoin, Forex, oil, and gold. And you can do this anywhere you are, digitally. All you need is our award-winning platform that has all the basic and advanced tools to help you reach your trading and financial dreams. Use PrimeXBT’s V2.0 Today!
A GUIDE TO PRIMEXBT VERSION 2.0

A GUIDE TO PRIMEXBT VERSION 2.0

Prime XBT Prime XBT 18.11.2021 17:27
 Just recently, PrimeXBT released an upgraded version, called the V2.0. This version brought about nothing short of a revolution to the trading platform, including greater access to the platform, improved interface, and enhanced visuals. V2.0 also supports Ethereum (ETH) and digital currency-based margin accounts. This is a guide to everything you should know about PrimeXBT V2.0, and all the upgrades you find on this trading platform, including the USDT, USDC, and ETH margin accounts. INTRODUCTION TO PRIMEXBT V2.0 When you visit PrimeXBT's website, you will get a welcome message if it is your first visit since the upgrade. Do a quick read of the new additions and features noted in the text. The dashboard, which has been upgraded and reorganized, consists of the main account from where you can view your margin accounts, Covesting details, available wallets, account followings, and other relevant details. VERSION 2.O MAIN PAGE AT A GLANCE You have all relevant information immediately you hit the main page, including how to make a withdrawal, deposit, or check your balance.  From the main page, you can deposit funds, make withdrawals, monitor your balance, and do so much more. You can also set up a different account for ETH, USDT, and BTC right from the main page. Funding your account is swift and easy; it starts by depositing funds to all your crypto addresses connected to your dashboard. The next step is to move your crypto deposit from your wallet to all the margin accounts you want to send it. INTRODUCING NEW FEATURES: USDT, USDC, AND ETH ACCOUNTS AND CURRENCIES Do you know what's hot? It is a fact that users now have more options apart from the Bitcoin margin trading that makes PrimeXBT famous. Once you're logged in, you can trade using new currencies like USD Coin, Ethereum, or Tether. PrimeXBT has everything in place for smooth operations as the upgrades and additions are well integrated into the accounts, site infrastructure, and trading engine. New Signings to PrimeXBT can enjoy all these features when they set up a free account and begin trading with little deposit. A GUIDE TO TRADING WITHIN MARGIN ACCOUNTS ON PRIMEXBT V2.0 With V2.0, you can trade with separate account details for each of your margin accounts. You can also trade with any CFD available on PrimeXBT V2.0., including stock indices, forex, commodities, crypto, and about 46 others.   BREEZE THROUGH ACCOUNTING AND TAX REPORTING WITH THE NEWLY-ADDED REPORTS SECTION A visit to the report section newly added to the V2.0 PrimeXBT website holds in-depth account information, including transaction history, basic account details, and movement of funds. All these features will make it easier to keep up with tax and other accounting activities. GET NEW USERS TO PRIMEXBT AND GET REFERRAL BONUSES WITH NEW CURRENCIES  If you have been referring users to PrimeXBT or you have plans of starting, there's a currency tweak you should know. The referral site has undergone some updates, particularly the addition of those new currencies. When you refer a person to PrimeXBT, you will receive your commission in the trading currency that the new user chooses to use in their trade. You can share PrimeXBT referral links on social media groups and amongst friends and family. If you leverage these links, you can get more revenue apart from your trading profit. You can get as much as 20% on commission when you leverage PrimeXBT's referral system. V 2.0 COVESTING COPY TRADING GOT REALLY SMOOTH If any section was left out of the upgrade, it wasn't the covesting module, which got upgraded to support USDT, ETH, and USDC, alongside the exiting Bitcoin trading currencies. PrimeXBT's copy trading system brings strategy managers and followers together for a profitable trading operation and mutual profitability. Followers can copy the trades of strategy managers, helping them to earn more. In return, followers will give a percentage of their earnings to the strategy managers that helped them trade successfully. This interaction has helped both followers and top traders to earn millions trading on PrimeXBT. The platform's ranking system showcases every trader and their rankings on the global leaderboard, alongside their trade profits, losses, wins, and other relevant information. You will also find a 5-star rating system for trades. With the introduction of PrimeXBT V2.0, followers and strategy managers can carry out their interactions with any of the new and existing currencies (USDC, ETH, USDT, and BTC).  Finally, on Covesting copy trading, we find the COV utility token that traders can explore to get more benefits from the copy trading module. BLOG, TURBO, CUSTOMER SUPPORT, AND MORE FROM PRIMEXBT  On PrimeXBT you can leverage Turbo for better positioning in the trade market, and access market information, news, and the company offers on the official blog. Many guides and articles exist on the company blog to guide traders, offer trading tips, and answer relevant questions. TradingView integration offers an analysis of trading strategies, risk assessment, and management, etc. PrimeXBT has 24-hour live customer support with helpful staff available to answer your questions and offer their help. The help center also has a lot of tutorials and helpful materials. PrimeXBT is solid and secure; with bank-level security and infrastructure, accounts have address whitelisting and two-factor verification. Since its creation, the platform has not been a victim of hacking, thanks to the secure wall structure. With a near 100% uptime, there's little wonder why PrimeXBT keeps receiving excellence awards. V2.0: MINIMUM RISK, HIGHER SUCCESS WITH STABLECOINS AND ADVANCED TOOLS PrimeXBT V2.0's advanced trading tools contain everything traders need to minimize risk and trade successfully. Capitals are protected by top industry slippage and stop-loss orders. Opportunities don't get any higher than this with leverage and diverse market access. With the new USDC and USDT, traders are safe from the possibility of base currency account volatility that is common with Ethereum and Bitcoin. Many users requested this upgrade, and PrimeXBT V2.0 provided it, with many more features. Traders are set for a complete trading experience within one platform with all these tools. PRIMEXBT IS THE BEST PLATFORM TO TRADE CFDs  If the awards and user reviews have not won you over yet, the PrimeXBT V2.0 should do it.  What do you say to trade on a renowned platform and leveraging the most advanced tools to trade with USDT, BTC, ETH, and USDC for margin accounts? May we add that you can trade forex, oil, gold, Bitcoin, the S&P 500, and other popular traditional and digital markets? If you say yes, then sign up for PrimeXBT V2.0 today!
The Wild Card Is Back

The Wild Card Is Back

Monica Kingsley Monica Kingsley 19.11.2021 15:58
S&P 500 rose, once again driven by tech and not value. That‘s still defensive, mirroring the weak credit markets posture. While waiting for bonds to turn – not that there wouldn‘t be an optimistic HYG open yesterday – the Austria lockdown news sent markets into a tailspin, the fear being good part of Europe would follow suit rather sooner than later. Oil has taken the crown of panicked selling, stocks held up better, and precious metals weren‘t changed much. Sure, any crippling of European economic activity would take a toll at the most sensitive commodities, but in light of energy policies across much of the Western world, it‘s my view that oil prices would be affected only in the short-term. This isn‘t a repeat of the Apr 2020 liquidation sending black gold negative. Rest of the world would be happy to step in, U.S. included, as we‘re entering winter with comparatively very low stockpiles from oil to copper – and don‘t get me started on silver. If you want green economy, these metals are essential, and oil is still in huge demand in the interim. Fed money printing hasn‘t vanished, debt ceiling awaits, and dollar is so far still solidly underpinned. Banking sector and emerging markets performance isn‘t panicky, but some time for stocks to come back at ATHs, is needed. Precious metals resilience is encouraging for commodities, which need the most time to recover (eyes on energy). Let‘s move right into the charts (all courtesy of www.stockcharts.com). S&P 500 and Nasdaq Outlook S&P 500 bulls have the upper hand, but short-term volatility and uncertainty is creeping in. Still, there is no sinking the bull right here, right now. Credit Markets Tentative signs of credit markets stabilization are here, and HYG turnaround to last, is the missing sign. I‘m though not looking for risk-off slant to disappear, which would slow down the coming rise in yields. Gold, Silver and Miners Gold and silver are still consolidating, and the more time passes at current levels, the less opportunity the bears have. The chart remains very bullish as precious metals are anticipating inflation to come. Crude Oil Crude oil bulls are facing spanner in the works today, and it‘s my view the sellers wouldn‘t get too far. I‘m looking at oil sector to presage that. Copper The copper setback was soundly bought, and commodities hardly sold off, the same for other base metals. I still like the chart posture – favors the bulls. Bitcoin and Ethereum Bitcoin and Ethereum bears took the gauntlet, and another opportunity to pause might be here. I‘m not yet optimistic prices would hold out before the upleg resumes. Summary S&P 500 bulls keep hanging in there, as if waiting for bonds to come to their senses. The credit markets non-confirmation being probably in its latter stages, was my yesterday‘s point – but with corona panic returning, all short-term bets are off. Looking at the big picture, energy hasn‘t been fixed, precious metals are set to rise sharply, and inflation hasn‘t yet knocked off stocks or the real economy. Look for VIX to keep rising from the current 17.50 level. Thank you for having read today‘s free analysis, which is available in full at my homesite. There, you can subscribe to the free Monica‘s Insider Club, which features real-time trade calls and intraday updates for all the five publications: Stock Trading Signals, Gold Trading Signals, Oil Trading Signals, Copper Trading Signals and Bitcoin Trading Signals.
Investment firms are pouring capital into Decentraland

Investment firms are pouring capital into Decentraland

FXStreet News FXStreet News 07.12.2021 15:59
Investors scramble to snatch up virtual plots of land in the Decentraland metaverse. Analysts criticize Sandbox for copying Decentraland’s Metaverse in many ways, considering MANA a dominant metaverse token. As Bitcoin price struggles to recover from a drop below $57,000, capital rotates into Sandbox and Decentraland. Grayscale Decentraland Trust now manages $64.9 million in MANA tokens. Decentraland is an institutional investor’s favorite. The metaverse token has witnessed a spike in inflows from investment firms. Grayscale’s Decentraland Trust has attracted institutions and high net worth investors over the past nine months. Decentraland dominates Metaverse with capital inflow from institutional investorsInstitutional investors have started pouring capital into Decentraland as Metaverse gains popularity. Grayscale Decentraland Trust, an investment product for institutions and high net worth investors, solely invests in MANA. The Trust has invested over $64.9 million in Decentraland tokens, enabling investors to gain exposure to MANA as a security without the challenge of buying, storing and safekeeping the token. Tokens.com recently purchased 116 parcels of digital real estate in Decentraland for $2.52 million. Decentraland was second to Sandbox in total volume traded over the past week. However, the top 10 most expensive metaverse sales ranged from $758,250 to $220,000 on Decentraland. The total transaction volume of Metaverse has been $1.4 billion over the past 24 hours. Decentraland price has posted 16% gains over the past 24 hours as capital rotation from Bitcoin to MANA continues. Analysts use Decentraland and Sandbox price trends as an indicator for metaverse tokens. Decentraland price has recovered from the flash crash on December 4, and analysts have observed hidden bullish divergence in the metaverse token. Decentraland price pulled off a gigantic recovery attracting new investors to the metaverse token. FXStreet analysts have evaluated the Decentraland price trend and predicted that the metaverse token could make a recovery to $5 eventually, with a break above $4.50 providing confirmation.
Book Review: Safe Haven

Book Review: Safe Haven

David Merkel David Merkel 25.09.2021 05:53
Picture Credit: Wiley Publishing || Ah, the golden umbrella! This is a tough book to review. I don’t like the writing style — it is pompous, and drags you through a variety of “rabbit trails” that aren’t necessary to the core ideas of the book. Simplicity is beauty, so going on a travelogue of your philosophical interests detracts from the presentation of this book. As I have often said, the book needed a better editor who could overrule the author and say “That’s not relevant.” “That’s boring.” “Get to the point.” and “This is thin gruel.” Quoting from pages 4-5: ‘As this book is, in part, a response to those questions, I do want to ensure that expectations are set  appropriately  at  the start. This is not a “how-to” book, but it is a “why-to” as well  as a “why-not-to” book. Let’s be clear: What I do specifically as a safe haven  investor  is not  to be attempted  by  nonprofessionals (nor-perhaps  even especially-by  most professionals). Nothing that I could tell you in a book will change that. So, I will not be holding your hand and teaching you how to do it; I will not be revealing much in the way of trade secrets, and I have no interest in selling you anything as an investment manager. This book is not about the workings of a specific safe haven strategy, per se; nor is it an encyclopedic survey of all the major safe haven investments. Moreover, it has little if any current market commentary-as this would be entirely unnec­essary to the book’s point.‘ As such, the author talks in generalities, and does not give away his strategy. Do I blame him? No. I don’t blame him for not giving away his strategies. I do blame him for writing this book. Better to not write a vague book that is of no practical use to most who read it. Modeling Issues Then there are the modeling issues — a decent part of the book assumes that yearly returns are essentially random. Market returns are regime-dependent. There is momentum. There is weak mean reversion. The results in prior years affect the current year, both positively and negatively. Toward the end of his analysis the author recognizes the problem and then uses 25-year blocks of S&P 500 returns 1900-2019 (or so), without noting that it gives undue weight to the years in the middle that get oversampled. The grand problem is that we only have one history — and is it normal or an accident? We assume normal, but how can we know? Also, though we have 120 or so reliable years of performance for the pseudo-S&P 500, for options on the S&P 500, we only have ~35 years of data. For more esoteric diversifying investments, we have 10-40 years of data. We have no strong data on how they might have performed prior to their inception. Also, their modern presence may have affected the performance of the S&P 500. Simulation analyses have to be done ultra-carefully. It’s best to develop an integrated structural model, deciding what variables are random and how they correlate with each other. Then use pseudo-random multivariate values for the analysis. I used these to great value to my employers 1996-2003 when I was an investment actuary. What I Liked But I like the book in some ways. He makes the important point that hedging when the cost of the hedge is fair or even in your favor is an advantage. And this is well known by regulated financial companies. There are two ways to win. 1) Source liabilities at favorable terms. 2) Buy assets on favorable terms. This book is about the first idea: insure your portfolio when it pays to do so. Happily, the insurance costs the least during bull markets, when everyone is hyperconfident. It costs the most during bear markets, where everyone is hyper-scared. So hedge more when it is cheap, and less when it is expensive. Simple, huh? But the book leaves this idea implicit. It never states it this plainly. Second, I like his idea that the safest route is the one that maximizes expected wealth over time. That is underappreciated by asset managers. Third, I appreciate that he brings in the Kelly Criterion, which is one of the best ways to deal with the risk-reward question, which in this case, is how you size your hedges. Finally, he talks about maximizing the fifth percentile of likely outcomes, which in a well-structured model will keep the investor in the game, allowing the investor to cruise through bear markets, and stay invested. Hey, many actuaries have been doing that for life insurers over the last 25 years. Welcome to the club. The Central Conundrum He classifies his hedges as store-of-value, alpha, and insurance. Store of value is short-term savings that has no possibility of loss, which oddly he has at 7%/yr. That might be a long term average, or not, but when modeling the future, variables have to be forward-looking. There is no sign of 7% on the horizon at no risk. He includes gold in this bucket, and thinks it is a genuine diversifier, with which I agree. Then there is alpha, which for him is commodity trading advisors who are trend followers, who do well when volatility is high. He also briefly touches on a variety of investments that he has tested, and finds they don’t aid the growth of terminal net worth on average. Then there is insurance, which he never spells out exactly what it is, and the author says it is the most effective way to hedge, and profit. He hides his trade secrets. What he should have told you I will reveal here. The insurance he is probably talking about is put options on stock or corporate bond indexes (particularly high-yield), or paying for protection on indexed credit-default swaps (best, but only institutions can do this). Imagine paying a constant percentage portfolio value by period to protect your portfolio. When valuations are high, implied volatility is low, and the insurance is cheap when you need it. When valuations are low, implied volatility is high, and the insurance is expensive when you don’t need it. In that situation, your existing hedges might have appreciated so much that you sell them off and go unhedged. Implied volatility can only go so high, before it mean-reverts. When option prices get high, potential hedgers and speculators who would be option buyers sit on their hands, and don’t do anything. Quibbles Already stated. Summary / Who Would Benefit from this Book If you have read this book review, you have learned more than the book will give you. I really don’t think many people will learn much from this book. Full disclosure: The publisher kind of pushed a free copy on me, after I commented that I wasn’t crazy about the author’s last book.
Hot Pound can jump to 1.36 before the year ends, with a long-term target at 1.60

Hot Pound can jump to 1.36 before the year ends, with a long-term target at 1.60

Alex Kuptsikevich Alex Kuptsikevich 23.12.2021 14:24
The British Pound is gaining support from several drivers at a time, managing to add more than 1.5% since Tuesday to levels above 1.3400 in the GBPUSD pair, which we last saw a month ago. The British currency’s ability to show buyer support on dips below 1.32 earlier in December has attracted the attention of speculators, who come into play as financial market liquidity declines in the run-up to the Christmas holidays. Very often, there are more decisive moves in the thin market during pre-Christmas and between Christmas and New Year period, much of which the market recovers back in the first days after the holidays.The Pound also looks attractive for short-term buyers because it positively correlates with risky assets. Strengthening demand for equities as part of the Santa Rally has determined the direction in which GBPUSD will move in the short term.GBPUSD is also interesting from a tech analysis perspective. The British currency has gained support after a 50% pullback from May 2020 lows at 1.2070 to this year peaks near 1.42, and a 61.8% rally from the March 2020 lows. Globally, this reversal from support could be the end of a correction and the start of a new GBPUSD upside wave with a long-term target at 1.60. However, a move towards levels we last saw only in 2014 is only looking plausible if the Bank of England will repeatedly raise rates faster than the Fed and well above inflation, copying the policy of the early 2000s.A much closer target for speculators at the end of the year is 1.3600, around which the resistance area of the descending trading range of the second half-year passes. A sure exit above this would signal that not only speculators but also more structural forces are in play.
Awaiting US CPI And Speaking Of Disney and Uber. SEK And PLN As Central Banks Moves

US Fed Actions 1999 to Present – What's Next?

Chris Vermeulen Chris Vermeulen 15.12.2021 09:48
I find it interesting that so much speculation related to the US Federal Reserve drives investor concern and trends. In my opinion, the US Federal Reserve has been much more accommodating for the global economy after the 2008-09 US Housing Market crash. The new US Bank Stress Tests and Capital Requirements have allowed the US to move away from risk factors that may currently plague the global markets. What do I mean by this statement? US Fed Continues To Maintain Extremely Accommodative Monetary Policy Over the past 12+ years, after the 2008-09 US Housing Market collapse, the US Federal Reserve has acted to support the US and global economy while the US Congress and US Federal Reserve have acted to build a stronger foundation for US banking and financial institutions. The most important aspect of this is the Capital Requirements that require an operating US bank to hold a minimum amount of reserve capital (Source: Federal Reserve). The US Federal Reserve installed this program to prevent US banks from over-leveraging their liabilities based on the 2008-09 Housing Market Crisis lessons. Sign up for my free trading newsletter so you don’t miss the next opportunity! There are still risks associated with a complete global economic collapse – where consumers, banking institutions, and economic activity grinds to a halt because of some external or unknown factor. Yet, the risks of a US-based collapse based on excessive Banking or other financial institution liabilities are somewhat limited in today's US Economy. Although, globally, the risks have accelerated over the past 12+ years while the US Federal Reserve maintained a very accommodative monetary policy. Historical US Federal Reserve Actions Let's review some of the most significant US Federal Reserve actions over the past 25 years. Early/Mid-1990s: The Fed raised the FFR from 3.0% to 6.5% to 7.0% as the DOT COM Rally continued to build strength. 1998/1999: The Fed dropped the FFR to 4.0% as the DOT COM bubble became frothy and started to fracture/burst. Early 2000: The Fed raised the FFR from 4.0% to 6.86% over just five months, pushing the cost of borrowing above 7.5%~8.5% in the open market. Late 2000/Early 2001: The September 2001 Terrorist Attack on the US pushed the Fed to lower the FFR to 1.0% by December 2002. Before the 9/11 attack, the Fed lowered the FFR after the DOT COM bubble burst rattled the US economy and output. 2004/2006: The Fed raised the FFR from 1.0% to 5.5% (more than 550%) while the US Housing Market boom cycle pushed the US economy into overdrive. This was the biggest FFR rate increase since the 1958-1960 rate increase (from 0.25% to 4.0% - more than 1600%) or the 1961-1969 rate increase (from 0.50% to 9.75% - more than 1950%). 2007/2008: The Fed decreased the FFR from 5.5% to 0.05 (Dec 2009), effectively setting up a 0% interest rate while the US attempted to recover from the 2008-09 Housing Market Crisis. 2015/2020: the Fed attempted to raise the FFR from 0.08% to 2.40% as the US economy transitioned into a strong bullish breakout trend. When the US markets collapsed in early 2020 because of the COVID-19 virus, the Fed moved interest rates back to near 0% and have kept them there ever since. The deep FFR discounts/rates that started after the 1999/2000 DOT COM/9-11 events pushed foreign markets to borrow cheap US Dollars as a disconnect of capital costs and a growing foreign market economy allowed certain economic functions to continue. Borrowing cheap US Dollars while deploying that capital in foreign economies returning 4x to 10x profits allowed many foreign companies, individuals, and governments to build extremely dangerous debt levels – very quickly. (Source: ST Louis FED) Now, let's get down to the core differences between pre-1990 and post-1990 US Fed actions and global economy functions. US Fed Added Rocket Fuel To An Already Accelerating Global Economy Before 1985, foreign markets were struggling to gain their footing in the global economy. Larger global economies, like the US, Japan, Europe, and Canada, could outsource manufacturing, supplies, and labor into foreign nations that provided a strategic cost advantage. After 1994 or so, after the Asian Currency Crisis settled, the growth of manufacturing and labor in China/Asia started booming at an exponential rate. This prompted a 2x to 5x growth factor in many Asian nations over 10+ years. The 9-11 terrorist attacks briefly disrupted this trend, but it restarted quickly after 1994~1995. This high-speed growth phase in China/Asia after 1999 created a massive demand for credit and expansion as Asian consumers and economies grew at exponential rates from 1997 to now. The US Fed inadvertently promoted a global growth phase that resulted in the fastest global economic increase in history. Multiple foreign nations were able to take advantage of cheap US Dollars. At the same time, the US Fed acted to support the recovery of the US economy after 9-11 and the 2008-09 Housing/Credit crisis. Those cheap US Dollars continued after the COVID-19 turmoil in early 2020 and likely pushed already at-risk debtors over the edge as bond rates have started to price extensive risk factors. The result of these crisis events and the US Federal Reserve's continued easy monetary policy has been the fastest growth of assets the planet has seen in over 80 years. Not only have global economies grown in a parabolic phase, but the US stock market has also moved higher and higher after the 2010 bottom and the 2015-2016 shift towards higher US corporation earnings/revenues. Once the COVID-19 virus event hit in early 2020, the US Fed moved rates back to near 0% - supplying a nearly unlimited amount of rocket fuel for the global markets (again). The problem this time was the global COVID shutdowns essentially took the spark away from the fuel (capital). Now, we are waiting for the US Fed statements to close out 2021. I'll offer this simple hint to help you prepare for what's next – more volatility, more big trends, and more deleveraging throughout the global markets. In Part II of this research article, I'll share my thoughts on what I expect from the US Fed and what I hope for in 2022 and beyond. Want to learn more about how I trade and invest in the markets? Learn how I use specific tools to help me understand price cycles, set-ups, and price target levels. Over the next 12 to 24+ months, I expect very large price swings in the US stock market and other asset classes across the globe. I believe the markets are starting to transition away from the continued central bank support rally phase and may start a revaluation phase as global traders attempt to identify the next big trends. Precious Metals will likely start to act as a proper hedge as caution and concern start to drive traders/investors into Metals. If you need technically proven trading and investing strategies using ETFs to profit during market rallies and to avoid/profit from market declines, be sure to join me at TEP - Total ETF Portfolio. Have a great day! Chris VermeulenChief Market Strategist
A Look At Markets Around The World: US CPI, Sweden Riksbank EU Yields And More

Taxes, UK Equities, Global Shipping and Pandemic in "Charts of 2021: Honorable Mentions" by Callum Thomas

Callum Thomas Callum Thomas 03.01.2022 14:13
Last week I shared with you some of my Best Charts of 2021 (as well as my Worst Charts of 2021 and then also my favorites!) -- so this week I wanted to follow up with what I would say are the "honorable mention" charts of 2021...       These charts were worthy of mention but didn’t quite fit into any of the previous categories -- but were definitely worth including and highlighting both due to how they proved useful in the past year or so, but also in terms of the outlook into 2022.       These charts were featured in my just-released 2021 End of Year Special Report -- check it out (free download as a holiday treat!).       Enjoy, feel free to share, and be sure to let me know what you think in the comments...           1. Expect Higher Taxes: This chart arguably points to higher tax rates ahead given that government debt as a % of GDP has doubled over the past decade while effectively economy-wide tax-take has gone sideways.       chart of developed economy fiscal outlook - higher taxes forecast           2. Global Food Crisis? Stagnant capex by food producers contributed to a perfect storm for food prices (along with actual storms, pandemic disruption, rising costs).                 3. UK Equities: In the wake of Brexit & pandemic woes, UK equities moved to decade-low valuations vs their European peers. From crisis to opportunity?                     >>> These charts were featured in our 2021 End of Year Special Report.               4. Global Shipping Capex: Shipping sector investment stagnated for a decade – contributing to the global supply chain chaos. Ironically it likely rebounds after banking windfall profits from the surge in freight rates.                 5. Global vs US Earnings Cycles: A key driver of the long-term cycles of relative price performance of global vs US equities has been the cycles in relative earnings. That cycle will need to change for the price cycle to change.                 6. Pandemic Progress: the global rollout of vaccines, rising immunity, societal adaptations, and therapeutics have helped result in a series of lower highs in deaths – I like the look of that trend. The light at the end of the tunnel, though flickering at times, does seem a little brighter now…                     Thanks for reading!           This is an excerpt from my 2021 End of Year Special report - click through to download a free copy of the report.       Best regards       Callum Thomas   Head of Research and Founder of Topdown Charts           Follow us on:   Substack https://topdowncharts.substack.com/   LinkedIn https://www.linkedin.com/company/topdown-charts   Twitter http://www.twitter.com/topdowncharts
(BTC) Bitcoin with a rise, (ETH) Ether gains as well, (XRP) Ripple probably doesn't feel that well today

(BTC) Bitcoin with a rise, (ETH) Ether gains as well, (XRP) Ripple probably doesn't feel that well today

FXStreet News FXStreet News 17.01.2022 15:56
Bitcoin price rejuvenates its uptrend as it bounces off a 4-hour demand zone, extending from $41,843 to $42,707. Ethereum price produces a higher high, signaling a continuation of its uptrend. Ripple price revisits the demand zone, ranging from $0.694 to $0.753, as bulls fail to kick-start a rally. Bitcoin price reveals a bullish outlook albeit a slow one, providing altcoins with an opportunity to run free. The past week is a testament to the recent gains witnessed among many altcoins. While Ethereum continues to remain bullish, Ripple struggles to hold on. Bitcoin price pushes forward Bitcoin price produced a lower low after the January 13 swing high at $44,439 but managed to set a higher low, keeping the uptrend somewhat intact. As BTC bounces off a 4-hour demand zone, extending from $41,843 to $42,707, investors can expect the pioneer crypto to make a run for the previous week’s high at $47,609. This hurdle is present below the 200-day Simple Moving Average (SMA) At $48,590. BTC’s upside potential, though, at least in the short-term, seems to be capped at the aforementioned level. BTC/USD 4-hour chart If Bitcoin price fails to see a bullish reaction off of the $41,843 to $42,707 demand zone, it will indicate weakness among buyers. This lack of interest could allow bears to take control and push BTC down to $41,762 – a four-hour candlestick close below there will then invalidate the bullish thesis. This development could lead Bitcoin price lower, to retest the $39,87 support level. Ethereum price shows strength Ethereum price is in a similar situation to Bitcoin as it produced a higher low but failed to set up a higher high. As long as BTC remains bullish, ETH will follow suit. Market participants can, therefore, expect the smart contract token to make a run for the 200-day SMA at $3,475. Clearing this hurdle will open the path for Ethereum price to revisit the daily supply zone, extending from $3,675 to $3,846. The upper limit of this hurdle coincides with the 50-day SMA, indicating that a further uptrend is unlikely. ETH/USD 4-hour chart Regardless of the optimistic scenario, Ethereum price needs to hold above the weekly support level at $3,061 to see a meaningful uptrend. A breakdown of this foothold will remove confidence and instill doubt among buyers. A four-hour candlestick close below the demand zone’s lower limit at $2,927, however, will create a lower low, invalidating the bullish thesis. Ethereum price finds stable support as ETH targets $4,000 Ripple price lacks motivation Ripple price has been teetering on a daily demand zone, stretching from $0.693 to $0.753 since the December 4, 2021 crash. One can assume that this barrier has been weakening. Due to its correlation with BTC, however, XRP price is likely to rally 12% to retest the 50-day SMA at $0.844. The weakened demand zone could face destruction by a short-term bearish momentum, however, so investors should exercise caution with the remittance token. In some cases, Ripple price could overcome the immediate hurdle and make a run for the 200-day SMA at $0.954. XRP/USD 1-day chart On the other hand, if Ripple price produces a daily candlestick close below $0.693, it will create a lower low, invalidating the bullish thesis. This development could trigger a crash, where XRP price could revisit the $0.604 support level. XRP price looks bullish, targets $1
Bitcoin, Fed, Stocks and Bonds

Bitcoin, Fed, Stocks and Bonds

Korbinian Koller Korbinian Koller 01.02.2022 13:18
Bitcoin, the plan, and its execution The Plan: It is an election year when Democrats will project political pressure upon the Federal Reserve to not risk through aggressive policy changes a stock market collapse to keep their votes. As a result, more money printing expands inflation, which supports the interest for bitcoin as an inflation hedge. Should we see in opposition for whatever reason a rapid stock market decline, the investor would unlikely be interested in owning stock or bonds. While initially, bitcoin prices would likely fall alongside the markets, money will likely flow into bitcoin shortly afterward. The execution: With bitcoins prices suppressed from their recent decline (down 52% from its last all-time high at around US$69,000), we have another edge for minimizing exposure risk. BTC in US-Dollar, monthly chart, high likely turning points: Bitcoin in US-Dollar, monthly chart as of January 31st, 2022. The chart above depicts five supply zones we have our eye on. We will try identifying low-risk entry points on smaller time frames at or near these points and reduce risk further with our quad exit strategy. We already had entries near zone 1 and 2 and posted those live in our free Telegram channel. BTC in US-Dollar, weekly chart, bitcoin, the plan, and its execution, reload trading: Bitcoin in US-Dollar, weekly chart as of February 1st, 2022. Once the more significant time frame turning point is identified (white arrow), we will add what we call ‘reload’ trades (see chart above) on the smaller weekly time frame. We do so by identifying low-risk entries in congestion zones (yellow boxes) on the way up. We aim to arrive near the elections in November with a sizable position that is due to our exit strategy being risk-free. Playing with the market’s money will allow for positive execution psychology and ease us to observe our position through an expected volatility period, with further profit-taking into possible volatile upswings that are only temporary in nature. BTC in US-Dollar, Quarterly Chart, long-term profit potential: Bitcoin in US-Dollar, quarterly chart as of February 1st, 2022. While this year’s midterm trading on the long side of the bitcoin market could provide for substantial income from the 50% profit-taking of each individual trade and reload based on our quad exit strategy, the real goal is to have a remaining position size that could potentially go to unfathomable heights, since we see in the long term the inflation problem not going away but rather culminating in a bitcoin rise that could be substantially much larger in percentage than alternative inflation hedges like real estate, gold, silver and alike. Not to say that we find it also essential to hold these asset classes for wealth preservation. The quarterly chart above illustrates the potential of such a position. We illustrated both in time (six years) and price (US$ 134,000) our most conservative model in this chart. Bitcoin, the plan, and its execution: We see no scenario where inflation is just going away. The above narrative shows that a short-term fueling of inflation is likely. Furthermore, a high-risk scenario is fueling inflation even more. Should markets decline rapidly, it can be expected that money printing and buying up the market is the most predominant solution applied. Consequently, the average investor would wake up relieved that prices wouldn’t decline any further but liquidating their holdings in a further inflated fiat currency will have massively decreased purchasing power. Feel free to join us in our free Telegram channel for daily real time data and a great community. If you like to get regular updates on precious metals and cryptocurrencies, you can also subscribe to our free newsletter. Disclosure: This article and the content are for informational purposes only and do not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. The views, thoughts and opinions expressed here are the author’s alone. They do not necessarily reflect or represent the views and opinions of Midas Touch Consulting. By Korbinian Koller|February 1st, 2022|Tags: Bitcoin, Bitcoin bounce, Bitcoin bullish, bitcoin consolidation, crypto analysis, Crypto Bull, crypto chartbook, DeFi, low risk, quad exit, technical analysis, trading education|0 Comments About the Author: Korbinian Koller Outstanding abstract reasoning ability and ability to think creatively and originally has led over the last 25 years to extract new principles and a unique way to view the markets resulting in a multitude of various time frame systems, generating high hit rates and outstanding risk reward ratios. Over 20 years of coaching traders with heart & passion, assessing complex situations, troubleshoot and solve problems principle based has led to experience and a professional history of success. Skilled natural teacher and exceptional developer of talent. Avid learner guided by a plan with ability to suppress ego and empower students to share ideas and best practices and to apply principle-based technical/conceptual knowledge to maximize efficiency. 25+ year execution experience (50.000+ trades executed) Trading multiple personal accounts (long and short-and combinations of the two). Amazing market feel complementing mechanical systems discipline for precise and extreme low risk entries while objectively seeing the whole picture. Ability to notice and separate emotional responses from the decision-making process and to stand outside oneself and one’s concerns about images in order to function in terms of larger objectives. Developed exit strategies that compensate both for maximizing profits and psychological ease to allow for continuous flow throughout the whole trading day. In depth knowledge of money management strategies with the experience of multiple 6 sigma events in various markets (futures, stocks, commodities, currencies, bonds) embedded in extreme low risk statistical probability models with smooth equity curves and extensive risk management as well as extensive disaster risk allow for my natural capacity for risk-taking.
Seasonality favors another wave up

Seasonality favors another wave up

Florian Grummes Florian Grummes 03.02.2022 21:05
However, these gains attracted some profit-taking at prices around US$1,850. And in the aftermath of last week’s FOMC meeting, gold sold off for three days in a row. This merciless sell-off only ended at US$1,780 wiping out nearly all gains since mid of December. It was some form of the classic “the bull walks up the stairs and the bear jumps out the window” pattern, which is a typical behavior within an uptrend.Hence and exactly for this reason, the deep pullback did not necessarily end the recovery in the gold market. Of course, in the bigger picture, the entire precious metals sector is still stuck in this tenacious correction which has been ongoing since August 2020. In the short-term, however, the pullback has created an oversold setup and once again proved that there is buying interest at prices below US$1,800.US-Dollar index, daily chart as of February 3rd, 2022. False breakout?US-Dollar index, daily chart as of February 3rd, 2022.It also seems that the US-Dollar might have hit an important top last Thursday and is now moving lower, which would be very supportive for gold, of course. Everyone is expecting the US-Dollar to go up as the FED is expected to raise interest rates. But the US-Dollar has been discounting this “hike and taper scenario” for several months already. Actually, the US-Dollar index has been rallying +8.8% since May 2021! During the recent FOMC meeting, however, big money might have used the seeming breakout to sell their dollar longs into a favorable high-volume setup. At the same time, stock market sentiment was extremely bearish. Hence, last week likely triggered a top in the US-Dollar and a violent back and forth bottoming pattern for the stock-market.US-Dollar index, monthly chart as of February 3rd, 2022. A series of lower highs!US-Dollar index, monthly chart as of February 3rd, 2022.In the big picture, a top in the US-Dollar would continue the series of lower highs for the dollar. As well, the US-Dollar is moving within a huge triangle since 2001. After a series of three lower highs since December 2016, a test of the lower boundary of the triangle would give gold prices an extreme tailwind in the coming years. Hence, even if it´s hard to come up with any bearish arguments for the dollar at the moment, technically it looks like the dollar could roll over.Gold in US-Dollar, daily chart from February 3rd, 2020. Gold’s behavior is changing.Gold in US-Dollar, daily chart as of February 3rd, 2022.For gold, a weaker US-Dollar would be very helpful. In fact, since the beginning of this week, we perceive an ongoing change in gold’s behavior. We are getting impressed by its intraday strength! Every small pullback around and below US$1,800 was rather quickly bought again. So far, gold has only recovered 38.2% of last week’s nasty sell-off and currently sits pretty much exactly at its 200-day moving average (US$1,805).But the fresh buy signal from the slow stochastic oscillator on the daily chart promises more upside. Hence, we see gold fuming its way higher in the coming weeks. In the next step, gold will have to overcome the 38.2% resistance around US$1,808.50 and then continue its recovery towards US$1,830. In any case, the seasonal component is at least very favorable until the end of February. Therefore, even higher price targets are conceivable too. But gold needs to breakout above the triangle and clear US$1,850. Only then a more sustainable bullish momentum would emerge which could last further into spring.If, on the other hand, gold takes out US$1,780, the recovery since mid of December might be over already and the medium-term correction might likely pick up again.Conclusion: Seasonality favors another wave upOverall, we assume that seasonality favors another wave up in the gold market. Thus, another rally towards at least US$1,830 is realistic. We are short-term bullish, mid-term neutral to skeptic and long-term very bullish for gold.Feel free to join us in our free Telegram channel for daily real time data and a great community. If you like to get regular updates on our gold model, precious metals and cryptocurrencies you can also subscribe to our free newsletter.Disclosure: Midas Touch Consulting and members of our team are invested in Reyna Gold Corp. These statements are intended to disclose any conflict of interest. They should not be misconstrued as a recommendation to purchase any share. This article and the content are for informational purposes only and do not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. The views, thoughts and opinions expressed here are the author’s alone. They do not necessarily reflect or represent the views and opinions of Midas Touch Consulting.By Florian Grummes|February 3rd, 2022|Tags: EUR/USD, Gold, Gold Analysis, Gold bullish, gold chartbook, Gold neutral, precious metals, Reyna Gold, US-Dollar|0 CommentsAbout the Author: Florian GrummesFlorian Grummes is an independent financial analyst, advisor, consultant, trader & investor as well as an international speaker with more than 20 years of experience in financial markets. He is specialized in precious metals, cryptocurrencies and technical analysis. He is publishing weekly gold, silver & cryptocurrency analysis for his numerous international readers. He is also running a large telegram Channel and a Crypto Signal Service. Florian is well known for combining technical, fundamental and sentiment analysis into one accurate conclusion about the markets. Since April 2019 he is chief editor of the cashkurs-gold newsletter focusing on gold and silver mining stocks. Besides all that, Florian is a music producer and composer. Since more than 25 years he has been professionally creating, writing & producing more than 300 songs. He is also running his own record label Cryon Music & Art Productions. His artist name is Florzinho.
Crypto Airdrop - Explanation - How Does It Work?

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Cryptos to retrace before the bull run

FXStreet News FXStreet News 09.02.2022 16:19
Bitcoin price slows down its ascent after flipping the $42,748 hurdle into a foothold. Ethereum price contemplates a retracement after facing the 50-day SMA at $3,208. Ripple price looks ready for consolidation after a 51% ascent over the past four days. Bitcoin price rally is slowing, allowing bulls to take a breather before the next leg-up. While some might argue the short-term outlook looks bearish – due to the flash crash in January, the bigger picture reveals cryptocurrency (https://www.fxstreet.com/cryptocurrencies) markets still have the potential to go higher. A Wells Fargo report published in February reveals that cryptocurrency adoption is growing exponentially and, in many cases, resembles the growth curve of internet adoption. The American financial corporation even goes on to state the crypto sector could soon exit the initial phases of adoption and enter “an inflection point of hyper-adoption.” Wells Fargo Report: Internet usage history vs crypto users Bitcoin price at a decisive moment Bitcoin price rallied 25% in the last four days and set up a swing high at $45,539.(https://www.fxstreet.com/cryptocurrencies/news/bitcoin-begins-correction-after-45k-rejection-where-can-btc-price-bounce-next-202202081914) The rally rippled out, triggering copycat moves in other altcoins and the cryptocurrency market in general. Yet BTC failed to produce a daily candlestick close above the breaker’s upper limit at $44,387. So, as a result, the bearish outlook is still in play. Investors should be prepared for anything between a minor retracement and a full-blow bear trap. An optimistic scenario will likely see BTC retest the weekly support level at $39,481 before triggering the next leg-up. A more pessimistic scenario, however, would speculate that Bitcoin price could crash to $34,752. A breakdown of this support floor could be the key to triggering a crash to $30,000 or lower. BTC/USD 1-day chart While things look on the fence for Bitcoin price, (https://www.fxstreet.com/cryptocurrencies/bitcoin) a daily candlestick close above $44,387 will invalidate the bearish thesis. A bullish regime, however, will only kick-start if BTC produces a daily candlestick (https://www.fxstreet.com/rates-charts/chart/candlestick-patterns) close above $52,000.   Ethereum price takes a breather Ethereum (https://www.fxstreet.com/cryptocurrencies/ethereum) price seems to be undergoing a pullback (https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-holds-above-3k-but-network-data-suggests-bulls-may-get-trapped-202202090153) as it faces off with the 50-day Simple Moving Average (SMA) at $3,208 while still hovering inside a bearish breaker, extending from $2,789 to $3,167. A rejection here could lead to a retracement to $2,812, where buyers have a chance at restarting the uptrend. Assuming the bullish momentum picks up, there is a good chance ETH could slice through the $3,208 and make a run for the $3,413 hurdle. The local top for Ethereum price could be capped around the convergence of the 50-day and 100-day SMAs at roughly $3,600. ETH/USD 1-day chart On the other hand, if Ethereum price fails to stay above $2,812, it will indicate that buyers are taking a backseat. This development will invalidate the bullish scenario and trigger a crash to the weekly support level at $2,324. Ethereum price could liquidate bulls if ETH falls below $3,000 Ripple price to reestablish directional bias Ripple price broke out of its ten-day consolidation (https://www.fxstreet.com/cryptocurrencies/news/xrp-price-could-easily-return-to-1-under-one-condition-202202081437) and rallied 51% in just four days. This run-up sliced through the $0.740 and $0.817 hurdles, flipping them into support levels. While this climb was impressive, XRP price is likely to retrace as investors begin to book profits. The resulting selling pressure could push Ripple price down to the $0.740 support level where buyers can band together for a comeback. In some cases, the U-turn might not arrive until a retest of the $0.595 to $0.632 demand zone. Regardless, investors can expect XRP price to run up to $1 and collect the liquidity resting above it. XRP/USD 1-day chart On the contrary, if the Ripple price fails to stay above the $0.595 to $0.632 demand zone, it will reveal the lack of bullish momentum and hint that a further descent is likely. In this case, XRP price will sweep below the $0.518 support level to collect the sell-side liquidity resting beneath. XRP price could easily return to $1 under one condition
Bullish momentum remains strong

Bullish momentum remains strong

Florian Grummes Florian Grummes 20.02.2022 17:36
Even at the last important low (US$$1,750) on December 15th, 2021, the sentiment was still awful as the sector had become the most hated asset class. Now fast-forward, gold has been successfully breaking out of its multi month triangle and keeps sprinting higher. The bulls currently are bending the daily and weekly Bollinger Bands to the upside, and seasonality is still supportive.Gold in US-Dollar, weekly chart as of February 20th, 2022.Gold in US-Dollar, weekly chart as of February 20th, 2022.Looking at the weekly chart, it appears that gold not only broke out of a triangle consolidation pattern, but also out of a large inverse head and shoulder pattern. It’s not a textbook head and shoulder, but worthwhile noting. A measured move projection could theoretically take gold towards US$2,125! However, the monthly Bollinger Band, sitting at around US$ 1,975, might be a much more realistic target for the ongoing move. As you might remember, the zone between US$1,950 to US$1,975 is very strong resistance. We would not rule out a short-lived overshoot towards US$,2000, though.Overall, the weekly chart is not yet overbought and looks bullish. Hence, the rally has very good chances to continue for a few more weeks.Gold in US-Dollar, daily chart as of February 20th, 2022.Gold in US-Dollar, daily chart as of February 20th, 2022.As expected, the breakout above US$1,840 to US$1,850 has unleashed enough energy to quickly push gold prices towards the round psychological number of US$1,900. Fortunately, the daily stochastic has transformed its overboughtness into the rare “embedded status”, where both signal lines are sitting above 80 for more than three days in a row. Hence, the uptrend is locked-in and shorting this market would be fighting the uptrend.Of course, given the uncertain and complex geopolitical situation, events can and likely will strongly influence gold over the coming days and weeks. Speaking from a technical point of you, any pullback towards the breakout zone around US$1,845 would be a buying opportunity. However, prices below US$1,875 would already be a surprise in the short-term. On the contrary, it’s much more likely that gold will continue its run to at least US$1,930 over the coming days.In summary, the daily chart is bullish. Especially the bullish embedded stochastic oscillator likely will not allow any larger pullback, but rather a consolidation around US$1,900. Watch those two signal lines. Only if one of them would be dropping below 80on a daily close, the bull run might be over!GDX (VanEck Gold Miners ETF) in US-Dollar, daily chart as of February 20th, 2022.GDX, daily chart as of February 20th, 2022.Gold & gold related mining stocks often stabilize your portfolio during uncertain times and do act as a hedge. While the stock market continued its dive due to the crisis in Ukraine and the potential interest rate turnaround in the US, the GDX VanEck Gold Miners ETF is up more than 21.5% since its low in mid of December. Over the last two weeks, the leading gold mining stocks recorded some of their best days in the last 12 months. Last week, Barrick Gold ($GOLD) jumped up more than 7% due to good earnings, a dividend increase, and a new share repurchase program. Some smaller gold stocks like Sabina Gold & Silver ($SGSVF) went up even more (+15% Friday, 11th).Now that gold is on the rise, it’s time for the beaten down and undervalued mining stocks to catch up. Usually, it starts with the big senior produces like Barrick Gold, Agnico Eagle Mines ($AEM) and Newmont Corporation ($NEM), then the juniors like for example Victoria Gold Corp. ($VITFF) join and finally, the explorer and developers literally explode higher.However, the GDX has nearly reached its downtrend line as well as the 38.2% retracement of the whole corrective wave since August 2020. Hence, the big miners are running into string resistance and might need to consolidate soon.At the same time, note, that silver has been lagging. Silver always lags most of the time, but in the final stage of sector wide rally it suddenly passes all the other metals and shots up nearly vertically. That also typically is the sign that the rally in the sector is coming to an end. Obviously, we have not yet seen any strong silver days. Therefore, silver actually confirms that the sector has more room and time to run higher!Conclusion: Bullish momentum remains strongOverall, gold continues to look promising here as the bullish momentum remains strong. Hence, Gold is probably on the way towards US$1,950 and US$1,975, with a slight chance for an overshot to US$2,000. But of course, given the rather overbought daily chart, the risk/reward is not that good anymore. Silver and many of the smaller mining stocks, however, might still offer a chance to play the ongoing rally over the next few weeks. Once gold tops out in spring, expect a big pullback. Maybe even back towards the higher trending 200-day moving average (currently at US$1,808) at some point in midsummer. But that is all somewhere in the future. For now, the bullish momentum remains strong.Feel free to join us in our free Telegram channel for daily real time data and a great community. If you like to get regular updates on our gold model, precious metals and cryptocurrencies you can also subscribe to our free newsletter.Disclosure: Midas Touch Consulting and members of our team are invested in Reyna Gold Corp. These statements are intended to disclose any conflict of interest. They should not be misconstrued as a recommendation to purchase any share. This article and the content are for informational purposes only and do not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. The views, thoughts and opinions expressed here are the author’s alone. They do not necessarily reflect or represent the views and opinions of Midas Touch Consulting.By Florian Grummes|February 20th, 2022|Tags: $GDXJ, Barrick Gold, GDX, Gold, Gold Analysis, Gold bullish, gold chartbook, gold fundamentals, Newmont Corporation, precious metals, Reyna Gold, Sabina Gold & Silver, Silver, silver bull, US-Dollar, Victoria Gold|0 CommentsAbout the Author: Florian GrummesFlorian Grummes is an independent financial analyst, advisor, consultant, trader & investor as well as an international speaker with more than 20 years of experience in financial markets. He is specialized in precious metals, cryptocurrencies and technical analysis. He is publishing weekly gold, silver & cryptocurrency analysis for his numerous international readers. He is also running a large telegram Channel and a Crypto Signal Service. Florian is well known for combining technical, fundamental and sentiment analysis into one accurate conclusion about the markets. Since April 2019 he is chief editor of the cashkurs-gold newsletter focusing on gold and silver mining stocks. Besides all that, Florian is a music producer and composer. Since more than 25 years he has been professionally creating, writing & producing more than 300 songs. He is also running his own record label Cryon Music & Art Productions. His artist name is Florzinho.
Crypto Charts - BTC Monthly, Weekly, Daily Chart

Crypto Charts - BTC Monthly, Weekly, Daily Chart

Korbinian Koller Korbinian Koller 22.02.2022 09:33
Bitcoin, best in play   The Covid environment brought an additional variant risk factor to the table, especially when it comes to investor psychology. Our last weekly chart book publication made a case for positioning one’s risk hedge plays this year when equity markets most likely trade in a volatile sideways range. We also spoke of a proper wealth preservation strategy, holding both bitcoin and gold within a hedged risk reduction approach for your monies. With our primary focus on risk, the next question is allocation size between bitcoin and gold. As mentioned in the intro, it feels intuitively natural to have significant exposure to the gold side from a cycle history. Yet, insurance seems essential at this time, and as such, we tend to be a bit more aggressive towards bitcoin allocations. Bitcoin, daily chart, not just yet: Bitcoin, daily chart as of February 22nd, 2022. The daily chart reflects the common notion of bitcoin trading alongside PMI numbers and the market as a whole. With the recent break of the modest bounce from the US$33,500 level up leg (yellow up-channel), no immediate low-risk entries for longer-term exposure seems in play.   Bitcoin, weekly chart, great setup, bitcoin, best in play: Bitcoin, weekly chart as of February 22nd, 2022. Nevertheless, we find now zooming out to the weekly time frame a quite interesting entry zone (white box) between the levels US$30,000 to US$34,000. We identified by stacking multiple edges that an entry near US$31,800 would provide the most low-risk entry profile. However, it will depend on how prices will arrive at these levels. As such, we encourage you to check back in our free Telegram channel.  There we post-entries, and exits for educational purposes in real-time. Bitcoin, monthly chart, amazing potential: Bitcoin, monthly chart as of February 22nd, 2022. Where matters become more transparent, and our headlines supported, is at a view of the monthly chart. The first leg up was nothing short of a 1,600% advancement. Now we have been trading for a year in a bullish up sloping sideways channel. With a possible entry at the lows of this channel, a long-term investment provides for a stellar risk/reward-ratio. The second legs are typically longer than the first legs! But that is not all; bitcoin has a higher probability of four-leg moves versus three-leg moves. Consequently, this trade could turn out to be highly profitable after some time. One aspect of risk is the relationship between the size of a potential down move of price and the size of a likely up move. We find bitcoins’ upward potential much more significant than gold for its fundamental characteristics and stellar outperforming history percentagewise. Bitcoin, best in play: Summing it up, bitcoin might not be at its lowest retracement levels yet. Still, its powerful potential in risk/reward-ratio and as an overall risk hedge makes it best in play. We share a low-risk cost averaging in strategy in our free Telegram channel. We find that allocation of funds should be more dominant towards bitcoin. In addition, holding some cash as much as money is deflating can still be a good strategy. Cash is king to purchase desired goods and vehicles, especially when those are even more depressed.    Feel free to join us in our free Telegram channel for daily real time data and a great community. If you like to get regular updates on precious metals and cryptocurrencies, you can also subscribe to our free newsletter. Disclosure: This article and the content are for informational purposes only and do not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. The views, thoughts and opinions expressed here are the author’s alone. They do not necessarily reflect or represent the views and opinions of Midas Touch Consulting. By Korbinian Koller|February 22nd, 2022|Tags: Bitcoin, Bitcoin bounce, bitcoin consolidation, Bitcoin correction, crypto analysis, crypto chartbook, DeFi, Gold, Gold bullish, low risk, NASDAQ, quad exit, S&P 500, technical analysis, trading education|0 Comments
Bitcoin Continues Its Downward Trend AndIs Backed By Its Own Mining Hardware

March 22nd, 2022, Crypto Chartbook

Korbinian Koller Korbinian Koller 22.03.2022 19:44
Bitcoin´s time to go   Trying to pick tops and bottoms is honorable and a desirable goal. Nevertheless, there needs to be other insurances and principles in place. If an ideal spot passes or the market doesn’t provide for a low-risk entry or enough liquidity for an exit, one still needs alternate tools to participate in the market. Our quad exit strategy allows for position building and market participation that consistently extracts monies from the markets. Bitcoin, daily chart, keep calm and keep trading: Bitcoin in USD, daily chart as of March 22nd, 2022. Precision trading gets even more difficult in wartimes, when frequent and conflicting news events jolt prices alternating up and down. The daily chart above shows these jolts over the last three weeks of wartime. We can identify three low-risk long trade entry opportunities (green up arrows on double bottom price scenarios) and one short trading one (red downward arrow at a double top price formation). Our quad exit strategy takes on each of these trades a partial initial profit to mitigate risk, which allows the remainder position size to be the market’s money at risk only.     Bitcoin, weekly chart, pushing up: Bitcoin in USD, weekly chart as of March 22nd, 2022. Zooming out to larger time frames is another way to avoid noise and see a trading scenario more clearly, and, as such, find “go times” with more accuracy. This weekly chart illustrates that entries and exits are rather entry zones (red and green boxes) versus a precise price level. The trader’s goal is to exploit within such a zone a low-risk entry spot on a lower time frame to get positioned. Regarding bitcoin, we find overall price behavior to be up sloping over the last twelve months, a bullish notion. And we find a high likelihood for the momentary entry zone (green box to the right of the chart). In other words, we are right now in a price zone where its Bitcoin´s time to go. Bitcoin, monthly chart, March closing price: Bitcoin in USD, monthly chart as of March 22nd, 2022. Suppose we further remove ourselves from the noise by electing a higher timeframe. In that case, we find a pat situation on the monthly chart, pat not for a more significant edge for prices to go higher up but for timing on when to enter the markets. Our statistics show that it will be essential on what price level the month of March will be closing. With a close above current levels (white line), we will enter a bullish buy zone. Yet, if prices decline from here in the last nine days of this month, the probabilities of an immediate price advance rapidly decline. Bitcoin/Gold-Ratio, daily chart, Bitcoin´s time to go: Bitcoin/Gold-Ratio, daily chart as of March 22nd, 2022. An additional benefit quiet charting provides in turbulent times is to think outside the box. While all noise points toward the most heated issues, finding a trading opportunity elsewhere might be best. In our previous chart book release, we exploited a great go time for bitcoin. Last week, we provided entry points (green up arrows) for rotating one’s gold into bitcoin. Using our quad exit strategy, the trader who wanted to not expose his money to a volatile fiat currency trading world could profit near ten percent on his first fifty percent of position size. We are now placing the stop for the remainder position size to breakeven entry levels. Bitcoin´s time to go: In war, the first casualty is the truth. Under stress, our minds insist on reason, clarity, precise calls for action. Unfortunately, even the best-informed brightest minds can’t find reliable data in times of war since the distortion field of media around the world is at a level where lies and propaganda outweigh facts and truth.  Luckily, a trader can, in these times, rely more heavily on charts. Charts always encompass the sum of opinion. Charts are consistently working as a reliable source to trade from.  The psychological aspect is hugely beneficial since a consistent bombardment of news and everybody’s opinion can get quickly exhausting.  Reduce news data consumption at a time when calm and levelheadedness is the most powerful tool for wealth creation and preservation, and the “go time” will reveal itself nearly effortlessly.     Feel free to join us in our free Telegram channel for daily real time data and a great community. If you like to get regular updates on precious metals and cryptocurrencies, you can also subscribe to our free newsletter. Disclosure: This article and the content are for informational purposes only and do not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. The views, thoughts and opinions expressed here are the author’s alone. They do not necessarily reflect or represent the views and opinions of Midas Touch Consulting. By Korbinian Koller|March 22nd, 2022|Tags: Bitcoin, Bitcoin bounce, Bitcoin bullish, Bitcoin consolidation, bitcoin/gold-ratio, crypto analysis, crypto chartbook, DeFi, Gold, Gold bullish, low risk, quad exit, technical analysis, trading education|0 Comments About the Author: Korbinian Koller Outstanding abstract reasoning ability and ability to think creatively and originally has led over the last 25 years to extract new principles and a unique way to view the markets resulting in a multitude of various time frame systems, generating high hit rates and outstanding risk reward ratios. Over 20 years of coaching traders with heart & passion, assessing complex situations, troubleshoot and solve problems principle based has led to experience and a professional history of success. Skilled natural teacher and exceptional developer of talent. Avid learner guided by a plan with ability to suppress ego and empower students to share ideas and best practices and to apply principle-based technical/conceptual knowledge to maximize efficiency. 25+ year execution experience (50.000+ trades executed) Trading multiple personal accounts (long and short-and combinations of the two). Amazing market feel complementing mechanical systems discipline for precise and extreme low risk entries while objectively seeing the whole picture. Ability to notice and separate emotional responses from the decision-making process and to stand outside oneself and one’s concerns about images in order to function in terms of larger objectives. Developed exit strategies that compensate both for maximizing profits and psychological ease to allow for continuous flow throughout the whole trading day. In depth knowledge of money management strategies with the experience of multiple 6 sigma events in various markets (futures, stocks, commodities, currencies, bonds) embedded in extreme low risk statistical probability models with smooth equity curves and extensive risk management as well as extensive disaster risk allow for my natural capacity for risk-taking.
Is There Any Gold in Virtual Worlds Like Metaverse?

Is There Any Gold in Virtual Worlds Like Metaverse?

Finance Press Release Finance Press Release 25.03.2022 12:15
Imagine all the people… living life in the Metaverse. Once we immerse ourselves in the digital sphere, gold may go out of fashion. Or maybe not?Do you already have your avatar? If not, maybe you should consider creating one, as the Metaverse is coming! What is the Metaverse? It is a digital, three-dimensional world where people are represented by avatars, a network of 3D virtual worlds focused on social connection, the next evolution of the internet, “extended reality,” and the latest buzzword in the marketplace since Facebook changed its name to Meta. If you still have no idea what I’m talking about, you can watch this or just Spielberg’s Ready Player One.The idea of personalities being uploaded online is an intriguing concept, isn’t it? In this vision, people meet with others, play, and simply hang out in a digital world. Imagine friends turning group chats on Messenger or WhatsApp into group meetups in the Metaverse of family gatherings in virtual homes. Ultimately, people will probably be doing pretty much everything there, except eating, sleeping, and using the restroom.Sounds scary? For people in their 30s and older who were fascinated by The Matrix, it does. However, this is really happening. The augmented reality technology market is expected to grow from $47 billion in 2019 to $1.5 trillion in 2030, mainly thanks to the development of the Metaverse. China’s virtual goods and services market is expected to be worth almost $250 billion this year and $370 billion in the next four years.In a sense, it had to happen as the next phase of the digital revolution. You see, we now experience much of life on the two-dimensional screens of our laptops and smartphones. The Metaverse moves us from a flat and boring 2D to a 3D virtual universe, where we can visualize and experience things with a more natural user interface. Let’s take shopping as an example. Instead of purchasing items on Amazon, customers could enter a virtual shop, see and touch all products in 3D, and buy whatever they wanted (actually, Walmart launched its own 3D shopping experience in 2018).OK, we get the idea, but why does Metaverse matter, putting aside sociological or philosophical issues related to transferring our minds into the digital world? Well, it might strongly affect every aspect of business and life, just as the internet did earlier. Here are a couple of examples. Famous brands, like Dolce & Gabbana, are designing clothes and jewelry for the digital world. Some artists are giving concerts in virtual reality. You could also visit some museums virtually, and instead of taking a business trip, you can digitally teleport to remote locations to meet with your co-workers’ avatars.Finally, what does the Metaverse imply for the gold market? Well, it’s difficult to grasp all the possible implications right now. However, the main threat is clear: as people immerse deeper and deeper into the digital world, gold could become obsolete for many users. Please note that cryptocurrencies and non-fungible tokens (NFTs) are and will continue to be widely used as payment methods in the Metaverse.However, there are some caveats here. First, the invention and spread of the internet didn’t sink gold. Actually, the internet enabled gold to be widely traded by investors all over the world. Just take a look at the chart below. Although gold was in a bear market in the 1990s and struggled during the dot-com bubble, it rallied after the bubble burst.Second, the digital world didn’t kill the analog reality. Despite digital streaming of music, vinyl record sales soared last year, reaching a record high in a few decades. The development of the Metaverse could trigger a similar backlash and a return to tangible goods like gold.Third, some segments of the Metaverse look like bubbles. Maybe I’m just too old, but why the heck would anybody spend hundreds of thousands, or even millions of dollars to buy items in the virtual world? These items include virtual real estates (CNBC says that sales of real estate in the metaverse topped $500 million last year and could double this year), digital pieces of art or even tweets (yup, the founder of Twitter sold the first tweet ever for just under $3 million)! It does not make any sense to me, as I can right-click and download a copy of the same digital files (like a PNG file of a grey pet rock) for which people pay thousands and millions of dollars.Of course, certain items could increase the utility of the game or virtual experience, but my bet is that at least some buyers simply speculate on prices, expecting that they will be able to resell these items to greater fools. When this digital gold rush ends – and given the Fed’s tightening cycle, it may happen in the not-so-distant future – real gold could laugh last.Thank you for reading today’s free analysis. We hope you enjoyed it. If so, we would like to invite you to sign up for our free gold newsletter. Once you sign up, you’ll also get 7-day no-obligation trial of all our premium gold services, including our Gold & Silver Trading Alerts. Sign up today!Arkadiusz Sieron, PhDSunshine Profits: Effective Investment through Diligence & Care.
Tilray Stock Forecast: TLRY zooms 18% higher on US legislation hopes

Tilray Stock Forecast: TLRY zooms 18% higher on US legislation hopes

FXStreet News FXStreet News 26.03.2022 05:15
Tilray stock rose 21.8% on ThursdayHigh level of call contracts expire this Friday.US lower house will take up decriminalization legislation next week.Canadian cannabis powerhouse Tilray Brands (TLRY) is reaping the benefits of the US House of Representatives adding major legislation important to the industry to the calendar for next week. Tilray stock is up more than 18% at Friday's open to a momentary high of $8.35. In just a week the company has doubled its market cap, and other competitors like Sundial Growers (SNDL), Canopy Growth Corporation (CGC), Aurora Cannabis (ACB) also benefitting from the optimism.Tilray Brands Stock News: MORE Act has cannabis stocks rallyingThe Marijuana Opportunity Reinvestment & Expungement Act, or MORE Act, will receive focus from the House and taken up for discussion next week. This law would decriminalize cannabis at the federal level, which may allow cannabis companies to begin utilizing better financing through regular old banks. As of now, most banks will not work with cannabis growers, which forces them to seek out a much higher cost of capital. The law would also erase past federal criminal offenses involving the sale of cannabis. This would be a major step toward broader decriminalization of recreational use that more states may follow, which would eventually open up new markets and customers to existing licensed growers.Tilray call options are soaring in value on Friday morning, even those that expire at the end of the session. The $8 strike contract has soared more than 82% to $0.42, and at the time of writing 8,730 contracts have traded already. This is about 25% above open interest. Sundial Growers stock is up nearly 12%, and Cresco Labs has advanced more than 5%.Tilray announced earlier this month that it had acquired $211 million in convertible notes from Hexo, another major competitor in Canadian cannabis. If exercised, Tilray would own about 37% of Hexo. This is yet another move by Tilray to grow its global footprint. The corporation already has access to the Canadian, US and European markets. The current management strategy is to raise revenue, now at $600 million annually, to $4 billion by 2024. Tilray seems to be trying to achieve this mostly through acquisitions. The stock is down 65% over the past year, partly because Tilray has diluted its shareholders by more than 50% in order to pay for some of these acquisitions.Tilray Brands Forecast: Breaking through one year of resistanceOn Thursday Tilray stock resolutely broke through top line resistance that has been working on the daily chart for about one year. The descending top line has been in play since about March 17, 2021, and connects to highs on June 9, 2021, and November 14, 2021. By closing up nearly 22% on Thursday, TLRY broke that trend line with force. Resistance at $7.30 has now turned into support, with Friday's intraday high of $8.35. Although TLRY is selling off to $7.55 in mid-session, bulls will see regaining this $8.35 high as a significant goal. From there, the resistance target rises to $9.94 – the high from December 8, 2021.TLRY 1-day chart
S&P 500 Has Been Moving Up For A While. What's Next?

S&P 500 Has Been Moving Up For A While. What's Next?

Paul Rejczak Paul Rejczak 28.03.2022 15:55
  Stocks extended their short-term uptrend on Friday, but this week we may see some more uncertainty and a possible profit-taking action. The S&P 500 index gained 0.53% on Friday following its Thursday’s advance of 1.4%. The broad stock market’s gauge extended its short-term uptrend after breaking above the 4,500 level. It gained over 380 points from the Mar. 14 local low of around 4,162. There have been no confirmed negative signals so far. However, we may see another correction and a profit-taking action at some point. There’s still a lot of uncertainty concerning the ongoing Ukraine conflict, but investors were recently jumping back into stocks despite that geopolitical uncertainty. This morning the index is expected to open virtually flat after an overnight advance followed by its retracement. The nearest important resistance level is at around 4,550-4,600, marked by the previous local highs. On the other hand, the support level is at 4,400-4,450. The S&P 500 index trades closer to its January-February local highs along the 4,600 level, as we can see on the daily chart (chart by courtesy of http://stockcharts.com): Futures Contract Remains Above the 4,500 Level Let’s take a look at the hourly chart of the S&P 500 futures contract. It is trading close to the new local high. Potential resistance level is at around 4,585, marked by the previous highs. There have been no confirmed negative signals so far. We are maintaining our profitable long position from the 4,340 level, as we are still expecting a bullish price action in the near-term. However, to protect our gain, we decided to move the stop-loss (take profit) and price target levels higher. (our premium Stock Trading Alert includes details of our trading position along with the stop-loss and profit target levels) (chart by courtesy of http://tradingview.com): Conclusion The S&P 500 index will likely open virtually flat this morning. However, the futures contract retraced its overnight advance, so we may see more uncertainty and a potential profit-taking action. The war In Ukraine remains a negative factor for the markets. The global markets will also be waiting for this Friday’s monthly jobs data release. Here’s the breakdown: The S&P 500 index extended its uptrend on Friday; this morning the futures contract retreated from its new local high. We are maintaining our profitable long position (opened on Feb. 22 at 4,340), but we moved stop-loss (take profit) and price target levels higher. We are still expecting an advance from the current levels. Like what you’ve read? Subscribe for our daily newsletter today, and you'll get 7 days of FREE access to our premium daily Stock Trading Alerts as well as our other Alerts. Sign up for the free newsletter today! Thank you. Paul Rejczak,Stock Trading StrategistSunshine Profits: Effective Investments through Diligence and Care * * * * * The information above represents analyses and opinions of Paul Rejczak & Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. At the time of writing, we base our opinions and analyses on facts and data sourced from respective essays and their authors. Although formed on top of careful research and reputably accurate sources, Paul Rejczak and his associates cannot guarantee the reported data's accuracy and thoroughness. The opinions published above neither recommend nor offer any securities transaction. Mr. Rejczak is not a Registered Securities Advisor. By reading his reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits' employees, affiliates as well as their family members may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.
Bitcoin Continues Its Downward Trend AndIs Backed By Its Own Mining Hardware

Bitcoin (BTC) Price Charts - Daily, Monthly, BTC/GOLD - 29/03/22

Korbinian Koller Korbinian Koller 29.03.2022 11:35
Bitcoin wins the race   While Russia accepts hard currencies like gold, a move like this shows that the efficient attributes of bitcoin come to the forefront in times of crisis and are accepted for large business transactions between nations. Bitcoin, daily chart, price breakout: Bitcoin in USD, daily chart as of March 29th, 2022. Shortly after, president Putin confirmed this new way of doing business. In addition, China and Russia agreed to a thirty-year contract in the gas sector, transacted in Euros. We can see that we find ourselves in times of currency warfare and that it is essential to pay close attention to where and in what form we store our values. The daily chart above reflects this recent news in a price advance of bitcoin from US$37,567 to US$47,701. A 28% advance in just two weeks. Bitcoin broke through the sideways range, and this week shall show whether this breakout will be a successful one or not. In this case, the bulls have their odds much in favor over the bears.     Bitcoin, weekly chart, price left the station: Bitcoin in USD, weekly chart as of March 29th, 2022. We have now left the entry zone (green box) compared to last week’s chart book and the published weekly chart. While the crowd now chases a trade, struggling with the typical inefficiencies of volatility breakouts (bad fills, slippage, being late), we are established in our positioning with the sum of 9 accumulated runners. The runners being the last 25% of each initial position. A fully de-risked or more precisely no-risk venture (see quad exit)! Looking at the weekly chart, we find the resistance distribution zones at around US$49,650 and US$52,430. We place additional entries if the price returns to the entry box top. Bitcoin, monthly chart, if March closes strong: Bitcoin in USD, monthly chart as of March 28th, 2022. The price has entered the confirmed buy zone from a monthly perspective. The dual chart shows the progression from last week’s anticipation to this week’s chart book release. Should prices within this week stay within the green box, all-time frames are in alignment. A picture of a confirmed bullish bitcoin trend. It is a rare occurrence and confirmation for larger time frame traders and a call to look for low-risk entries, if no sufficient exposure is at play yet. Bitcoin/Gold-Ratio, daily chart, Bitcoin wins the race: Bitcoin/Gold-Ratio, daily chart as of March 28th, 2022. Another split-screen view of a chart (a daily chart of the bitcoin/gold ratio) shows the progression of last week’s chart book publication and the situation right now. We had a triangle breakout last week and a substantial advance since then. The suggested rotation out of gold and into bitcoin was/is a successful one. The overall move was 30% in just two weeks. One can use this relationship as well to indicate bitcoins’ recent gain in strength and direction. Bitcoin wins the race: Change is never accepted lightly. We typically resist change and prefer an existing state of affairs as human beings. Nevertheless, we find ourselves in less than average circumstances with a worldwide pandemic, a never-ending war, and a general divide in opinions. Russia’s recent move towards approval of bitcoin shows that when the rubber meets the road, what works and is practical in times of crisis and need, wins the race. While governments around the globe feverishly try to get their electronic payment systems developed, bitcoin already finds its use spreading, and successfully so.    Feel free to join us in our free Telegram channel for daily real time data and a great community. If you like to get regular updates on precious metals and cryptocurrencies, you can also subscribe to our free newsletter. Disclosure: This article and the content are for informational purposes only and do not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. The views, thoughts and opinions expressed here are the author’s alone. They do not necessarily reflect or represent the views and opinions of Midas Touch Consulting. By Korbinian Koller|March 29th, 2022|Tags: Bitcoin, Bitcoin bounce, Bitcoin bullish, Bitcoin consolidation, bitcoin/gold-ratio, crypto analysis, crypto chartbook, DeFi, low risk, quad exit, technical analysis, trading education|0 Comments About the Author: Korbinian Koller Outstanding abstract reasoning ability and ability to think creatively and originally has led over the last 25 years to extract new principles and a unique way to view the markets resulting in a multitude of various time frame systems, generating high hit rates and outstanding risk reward ratios. Over 20 years of coaching traders with heart & passion, assessing complex situations, troubleshoot and solve problems principle based has led to experience and a professional history of success. Skilled natural teacher and exceptional developer of talent. Avid learner guided by a plan with ability to suppress ego and empower students to share ideas and best practices and to apply principle-based technical/conceptual knowledge to maximize efficiency. 25+ year execution experience (50.000+ trades executed) Trading multiple personal accounts (long and short-and combinations of the two). Amazing market feel complementing mechanical systems discipline for precise and extreme low risk entries while objectively seeing the whole picture. Ability to notice and separate emotional responses from the decision-making process and to stand outside oneself and one’s concerns about images in order to function in terms of larger objectives. Developed exit strategies that compensate both for maximizing profits and psychological ease to allow for continuous flow throughout the whole trading day. In depth knowledge of money management strategies with the experience of multiple 6 sigma events in various markets (futures, stocks, commodities, currencies, bonds) embedded in extreme low risk statistical probability models with smooth equity curves and extensive risk management as well as extensive disaster risk allow for my natural capacity for risk-taking.
CFD News: Eyes on the GER30 as buyers look to be forming a continuation.

CFD News: Eyes on the GER30 as buyers look to be forming a continuation.

8 eightcap 8 eightcap 02.06.2022 10:18
Today we’re watching the GER30 as price looks to be setting a new continuation idea. We need to see a strong close today, but for now, in the European session, signs are looking ok. This idea and pattern is a very close copy of what we discussed ed in the US30 article but just from a different take. The GER30 has set a fast trend of the new primary trend. This trend has also broken the downtrend, and today has started to form new support from an old area of resistance which could confirm as a new demand area. Last week we saw the first break of that resistance area, and today we could be seeing it become support. If we see a higher close today and a follow-up rally tomorrow, that could set us up with a date at last week’s high that also lines up with resistance. A break above that area, and yes, we could have a new up leg on our hands. A failure to beat that resistance level or a fade on today’s rally with further selling tomorrow that takes us back below the demand area is a worry and could suggest buyer strength might not be as strong as we are thinking now. Another possible curve ball could be from tomorrow’s NFP data. Payrolls are expected to come in lower and average earnings higher. A miss could send stocks lower, and a beat should have a positive impact. The NFP will be released at 8:30 EST tomorrow. GER30 D1 Chart The post CFD News: Eyes on the GER30 as buyers look to be forming a continuation. appeared first on Eightcap.
Investors? Bulls? Bears? These Series Are Linked To Finances

Investors? Bulls? Bears? These Series Are Linked To Finances

Purple Trading Purple Trading 15.07.2022 14:23
5 must-watch series from the world of finance With the boom of streaming services, investors are presented with often exciting opportunities. But today, we'll try to move away from looking at the world through the eyes of an investor and focus more on the content that streaming services offer. More accurately, we will take a look at the series that can be found on these platforms. But don’t worry, we won’t get too far from our beloved world of finance either. Financial world has always been an attractive subject not only for Hollywood screenwriters. Classics such as Wall Street (1986) and Wolf of Wall Street (2013) have not only grossed millions of dollars world-wide but even managed to convince many viewers into starting their own careers in finance. However, with the rise of streaming services, finance has also taken centre stage for a number of series. Some of the most well-known are the HBO-produced series Billions (2016) and Succession (2018). Today, let's take a look at a few lesser-known, but definitely not inferior series from the world of finance that are simply a must-watch. Devils (Sky, 2020) - a probe into investment bank’s speculation during global crises Produced by Italian broadcaster Sky, Devils is one of the most interesting European series in years. The plot follows Massimo Ruggero, who has risen from rags to riches as a head of the trading desk of the New York London Investment Bank (strikingly reminiscent of Goldman Sachs).   Massimo and his team speculate on the financial markets during the biggest events of the last 12 years. This gives viewers an insight into the behaviour of investment banks during the mortgage crisis, the Greek debt crisis and the Brexit vote, for example. The series is enriched with real time footage of international financial institutions meeting, mixing fiction with reality.   The second season premiered a few months ago and is of equal quality. With the main roles being masterfully played by Alessandro Borghi (known from the Suburra series and the film) and Patrick Dempsey (known from the Surgeons series).     Industry (HBO, 2020) - a series written by the bankers themselves Industry provides a grim and realistic look at what it's like to start a professional career in the financial sector in the heart of London. Here we follow a group of young bankers as they are trying to work their way up to a full-time position at one of London's investment banks, having to navigate this cutthroat and competitive environment as quick as possible.   The series captures well how depressing a given career can be and partially subverts any standards that may have been ingrained by titles such as Wall Street or Billions, taking off the rose-colored glasses of the viewer. Industry simply shows how challenging and competitive a career in finance can be.   As we watch the story of two main protagonists, experiencing their first successes and failures we simply have to wonder - will the desire for success and money prevail, or will the young bankers realise that there is more to life than the pursuit of money? The series, created by two former bankers, has completed its first season, with a second to follow later this year (2022).     Black Monday (Showtime, 2019) - when crisis meets satire   Welcome to the 1980s! A decade full of extravagant hairstyles, clothes and one of the biggest stock market crises in history. We're talking about "Black Monday", a single day in October 1987 during which world stock indices fell by tens of percent. As bleak as it might sound, Black Monday is the most light-hearted series on this list.   The series follows a group of traders from a second-rate Wall Street firm called the Jammer Group and uses satire and fiction to reveal the events that led to the aforementioned stock market crash. Don Cheadle, known from the Avengers franchise, stars in the lead role. The series ended after three seasons, all of which are currently available on HBO.   The Dropout (Hulu, 2022) - based on true events Enron, Worldcom and Theranos. Three of the biggest investor scams in decades. The Dropout series follows the story of Theranos - a company that promised to revolutionize blood testing. Founder Elizabeth Holmes managed to create an aura of success around herself and Theranos, fooling the biggest investment banks and the most famous investors. The company's market capitalization gradually climbed to $9 billion, which was almost unbelievable given the lack of a fully functional product.   The series reveals the rise and fall of the company and its founder, who went from being a female copy of Steve Jobs to an outlaw. However, If you're not too keen on dramatization of real events, we recommend watching the HBO documentary The Inventor: Out for blood in Silicon Valley. It also deals with this topic.   WeCrashed (Apple TV+, 2022) - when the marketing strategy goes too far   Investors who have followed the events of the US stock markets in recent years will immediately know that behind the title of this series lies the story of WeWork, a company that operates a network of co-working offices around the world. However, comparing WeWork to Theranos would be rather harsh, but there are several similarities.   The company's founder, Adam Neumann, has used a great marketing strategy to attract several major investors, most notably Softbank founder Masayoshi Son. Investors then valued the company at a hard-to-believe $47 billion ahead of its planned IPO. As the title of the series suggests, things did not go quite as planned. You can look forward to seeing well-known actors Jared Leto and Anne Hathaway in the lead roles.   Are you tempted by the world of stocks and even more so by shorting them?   At Purple Trading, you now have the opportunity to speculate on the rise and fall of more than 100 of the world's most famous companies and ride the current trend. And if you don’t feel like risking your own money, you can try it with virtual ones on our free demo account.