Day: November 22, 2024

Master RSI Divergences with This Cheat Sheet! 💡RSI divergences can be a powerful tool for spotting potential market reversals. Here’s a quick breakdown:

📊 Master RSI Divergences with This Cheat Sheet! 💡RSI divergences can be a powerful tool for spotting potential market reversals. Here’s a quick breakdown: 🔼 Bullish Divergences: 🟢Strong: Price makes a lower low, but the RSI shows a higher low. 🟢Medium: Price hits equal lows while RSI trends upward. 🟢Weak: Price creates a lower low, but RSI shows a equal low. 🟢Hidden: Price makes higher lows, while RSI creates lower lows, signaling continuation. 🔽 Bearish Divergences: 🔴Strong: Price makes a higher high, but RSI shows a lower high. 🔴Medium: Price hits equal highs, while RSI trends downward. 🔴Weak: Price creates a higher high, but RSI shows equal highs. 🔴Hidden: Price makes lower highs, while RSI creates higher highs, signaling continuation. 🧠 Use this cheat sheet to identify potential trading opportunities and fine-tune your strategies! submitted by /u/Yuriy_UK [link] [comments]

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Ethereum Price Forecast: ETH could overcome key resistance despite profit-taking from recent 10% rally

Bloomberg: Ethereum Price Forecast: ETH could prevail if it retests key resistance Ethereum is down 1% following $49.32 million in futures liquidations in the past 24 hours. Liquidated long and short positions accounted for $28.32 million and $21 million, respectively. ETH has been trading within a key rectangle channel for the past two weeks, with resistance near $3,400 and support close to the $3,000 psychological level. The top altcoin saw a rejection at the rectangle’s resistance for the second time on Thursday and is testing the Exponential Moving Average (EMA) blue line. ETH/USDT 4-hour chart ETH/USDT 4-hour chart A decline below the EMA could send ETH to find support near the $3,000 psychological level. If ETH bounces off this level, it could see increased buying momentum to charge above $3,400. Such a move could see ETH rally nearly 10% toward the resistance level at $3,732. However, if the $3,000 support fails, ETH could decline toward the $2,817 key level, which was a critical support level for nearly four months — April to July. The Relative Strength Index (RSI) is above its neutral level and trending downward, indicating weakening bullish momentum. A daily candlestick close below $2,817 will invalidate the thesis. submitted by /u/Denchock [link] [comments]

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📊⚡️EURUSD FALLS⚡️ Fundamental 🌍 💶 EURUSD broke below the long-term range and navigated downwards.🧐🤓

⚡️EUR/USD FALLS⚡️ 💶 EURUSD broke below the long-term range and navigated downwards. The Alligator’s lips broke below the jaws, and the MACD breached below the mid-line. 🌍 Fundamental 🌍: 🟢 Euro could reach parity with the dollar by year-end, driven by strong negative investor sentiment toward the Eurozone. 🟢Traders expect a cumulative 1.5% ECB rate cut in 2025 (BBG). 🟢Additionally, recent PMI data indicates a sharp economic slowdown: Composite PMI fell to 48.1 (previously 50), Manufacturing PMI to 45.2 (from 46), and Services PMI to 49.2 (from 51.6). submitted by /u/Yuriy_UK [link] [comments]

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Bitcoin Weekly Forecast: Rally expected to continue as BTC nears $100K

Bloomberg: Bitcoin institutional demand strengthens Institutional demand for Bitcoin also supported its price so far this week. According to Coinglass data, Bitcoin spot ETFs saw an inflow totaling $2.84 billion until Thursday, compared to $1.78 billion the previous week. If this inflow trend persists or accelerates, it could provide additional momentum to the ongoing Bitcoin price rally. Bitcoin Spot ETF Net Inflow chart. Source: Coinglass The ongoing rally is further fueled by whale accumulation. Lookonchain data shows that whale’s wallets accumulated 2,895 BTC worth $282.5 million in 9 different wallets on Thursday, while other whales accumulated 3,289 BTC worth $302 million from Binance this week. Data Nerd shows another whale accumulated 1,109 BTC worth $104.39 million from Binance and Coinbase exchanges on Wednesday and currently holds 2,219 BTC worth $212.41 million, all reflecting strong demand for Bitcoin. submitted by /u/Denchock [link] [comments]

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TKL: China is panicking – Last week ALONE, China ETFs saw $2 billion of outflows, marking the largest weekly outflow in history. Despite deploying pandemic-like stimulus, recent data suggests that China’s economy is WORSENING.

https://preview.redd.it/9cn0hr42ah2e1.jpg?width=680&format=pjpg&auto=webp&s=7d540c6529ec7f3def70d7717cd71923ea097a6b Here’s a chart showing China ETF outflows last week. Following large inflows on China stimulus measures, investors began pulling out again. The largest China ETF, FXI, saw a record $984 million in withdrawals last week. China Internet ETF, KWEB, experienced $710 million outflows last week, also the most on record. Even as hundreds of billions of Dollars of stimulus have begun, Chinese consumer sentiment is terrible. Over the last 3 years, consumer confidence in China is down ~ 50 points. Such a drop in consumer assessment of the Chinese economy has almost never been seen before. Meanwhile, China’s central bank is buying gold like its 2008 again. For 17 STRAIGHT months, China’s central bank has been stockpiling gold. Last year alone, China added 225 TONS of golds to its reserves. This was the biggest increase since 1977. Foreign firms are also pulling money out of China for the first time in 30+ years. In Q3 2024, investors withdrew $8.1 billion from China, according to recent data. Year-to-date, investors have withdrawn a total of $12.8 billion from China, the most since at least 1998. And even with the prospect of stimulus, deflation in China continues. Prices in China fell for the sixth consecutive quarter in Q3 2024, the longest streak since 1999. This is 3 times longer than during the 2008 Financial Crisis when deflation lasted for 2 quarters. Lastly, this brings us back to a terrifying chart for China’s real estate sector. China’s HY real estate index fell a 82% from its highs in 2 years. Evergrande, China’s real estate giant, filed bankruptcy. submitted by /u/FXgram_ [link] [comments]

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Silver Price Forecast: XAG/USD aims to stabilize above $31 amid firm safe-haven bid

Silver technical analysis Silver price delivers a mean-reversion move to near the 20-day Exponential Moving Average (EMA) around $31.40 after declining to near $29.70. The white metal weakened after the breakdown of the horizontal support plotted from the May 21 high of $32.50. The upward-sloping trendline from the February 29 low of $22.30 will act as key support for the Silver price around $29.50. The 14-day Relative Strength Index (RSI) oscillates in the 40.00-60.00 range, suggesting a sideways trend. submitted by /u/Denchock [link] [comments]

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Trade Futures With A Plus

FXgram The Ugly Truth About Trading Related Posts 02 June 2024 Sky-Tide Marketing SkyTide – the official news publication of Gramatik LTD. SkyTide – the… Read More Trade Future With A Plus If you’re new to the trading scene and make an annual income below $250,000, I recommend you move on, as most regulatory bodies may not consider the investing activities suitable for you due to the risks involved, until… you’re ready to do your homework. Published by FXgram on November 22, 2024 Starting out, you want to really understand the basics of reading candles, charts (technical analysis) and practice on a platform that allows the unlimited paper trading (not just a 2-week demo account). If I were new in your shoes, I would do the following: Read the candlestick bible until page 111 (after it goes into strategy). As you go through the material, look through the live charts to get an idea of how things move, etc. The candlestick PDF can be found online for free; you can search it up. After you finish this, you will want to start learning the strategy. Linked below is the Futures Academy with free educational licensed videos and articles. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Paper trade using the above information to practice taking trades as you develop your system, finding out what works best for you, etc. You really want to collect as much data as possible to understand what works, what doesn’t work, what to improve on, what to avoid, etc. After a few weeks of consistent paper trading success (making more than you lose), consider trading with real money. Be prepared for the challenge of trading psychology. You’ll face emotions like greed and fear, and discover a lot about yourself. Use this as an opportunity to grow – not just as a trader, but as a person. Lastly, take your time! It is a lot of material to go over, it can be confusing at first but as you get in screen time. You will eventually be able to understand it. If you can spend at least an hour a day that would be fantastic. That’s it. Good luck on your trading journey – you’ve got this! FUTURES ACADEMY TRY FREE DEMO Get a Bonus With Your First Deposit FXgram The Ugly Truth About Trading Related Posts 02 June 2024 Sky-Tide Marketing SkyTide – the official news publication of Gramatik LTD. SkyTide – the… Read More Terms And Conditions Privacy Policy IMPORTANT: Trading in futures and options carries substantial risk of loss and is not suitable for every investor. The valuation of futures and options contracts may fluctuate rapidly and unpredictably, and, as a result, clients may lose more than their original investments. In no event should the content of this website be construed as an express or implied promise or guarantee by or from Gramatik Ltd that you will profit or that losses can or will be limited in any manner whatsoever. Information provided in this correspondence is intended solely for informational purposes and is obtained from sources believed to be reliable. Information is in no way guaranteed. Follow us:

Looking for markets to short? Take a closer look at the Russian bond market. The risk of defaults here is pushed to the limit.

In the Russian bond market, the term “default” doesn’t imply collapse or catastrophe. It has become a fairly routine, albeit unpleasant, event – borrowers failing to meet their obligations on time. Recently, defaults have mostly involved smaller companies. However, the period of high interest rates has changed the game: over the past year, the obligations of bond issuers have grown two to three times, and so has the price of risk. Over the last two years, there have been more than 40 defaults (including technical ones) on exchange-traded bonds, totaling over 10 billion rubles and impacting more than 80,000 retail investors. Independent estimates suggest that the number of defaults could double in the next two years. These expectations are primarily driven by the high-interest rate environment. Just last summer, the key rate stood at 7.5 – 8.5%, but a year later, it has surged to 16%, and as of late October 2024, it reached 21%. The Central Bank has not ruled out another rate hike at its December board meeting, and market participants predict it could rise to 22 – 23%. Corporate bond yields have followed suit. According to Bonds Labs, yields on bonds issued by top-rated companies (such as Sberbank, Russian Railways, MTS, RusHydro, etc.) now range from 19% to 22% annually. Issuers with high credit ratings (e.g., RSHB, Rostelecom, EuroChem) are offering yields of 22–25% per year. For lower-quality bonds, yields have climbed to 30–33% annually. Servicing debt has effectively become two to three times more expensive for issuers compared to a year ago. And this high-rate period might persist. While analysts expect the key rate to decline in 2025, the drop is likely to be modest – to around 18 – 19%. The Central Bank’s forecast for the average rate next year is 17 – 20%. These conditions make rising concerns about issuers’ ability to meet their obligations entirely reasonable. This is especially true for issuers of so-called high-yield bonds, which carry elevated investment risks. “Clearly, in an environment of extremely high rates that will remain until at least mid-to-late 2025, servicing and refinancing debt will be exceptionally challenging for such companies, potentially leading to a surge in defaults in the public debt market,” analysts warn. The next peaks in corporate bond repayments in Russia are expected in Q4 2024, as well as in February and April 2025. If high rates persist, “the resilience of companies to interest rate pressures may be severely depleted.” submitted by /u/XGramatik [link] [comments]

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