What do you think about "Technical Analysis"? - Page 9 - Trading - CryptoTalk.Org Jump to content
cryptotalker

What do you think about "Technical Analysis"?

Recommended Posts

I think technical analysis is good because structures and patterns send news to people. In essence, you do fundamental analysis, which can also be understood from technical analysis

Share this post


Link to post
Share on other sites
10 hours ago, Anarchy09 said:

@Whited35 Hi! In most cases, I think these experts know less than I do:D and there is this thought: if you want to do well, do it yourself. I believe that if you want to learn something, you need to do it yourself. Other people's opinions should be taken into account and this is very useful, but they should not become your opinion. You must analyze the tips and recommendations and adapt them to your experience.

@Anarchy09 Perfect. At the very first stage in the crypto tradings, I followed the advised from the so-called crypto experts but did not worked at the end.After that, I learnt everything from test and trial(based-on the experiences). 

  • +4 1

 

 

Share this post


Link to post
Share on other sites
1 minute ago, Whited35 said:

@Anarchy09 Perfect. At the very first stage in the crypto tradings, I followed the advised from the so-called crypto experts but did not worked at the end.After that, I learnt everything from test and trial(based-on the experiences). 

@Whited35 The method of trial and error, in fact, the best teacher. With this method, you get a huge amount of information in the shortest possible time. However, you should not learn this method on a large Bank. It is best to use a small Bank to avoid significant financial losses. I would also add that the trial and error method will show itself more confident with the study of useful literature. Then there will be more trials and fewer errors. I think so😁

  • +4 1

Share this post


Link to post
Share on other sites

I often hear that it is impossible to predict the future price movement in the Forex market.

I declare that it is possible. I'm not saying that I'm always right, but I earn my bread and butter with technical analysis.

I know that many economists believe that only economic theory can explain the current state of the market and predict future possible developments, and that they ridicule technical analysis.

I have never been a maximalist, and I will not say that there is only one correct way to trade in the Forex market. Everything depends on the personal preferences of the trader. The most important factor is personal skills. Everyone has their own mental abilities and skills to analyze the market.

But there is a big difference between analysts and traders. Traders are active, they trade and make decisions. Analysts are reflexive, they reflect on decisions and want to take into account all the factors that affect the market.

Most financial market traders are a hybrid of traders and analysts. We want to trade and act, but on the other hand we want to be sure that the deal is correct, so we carefully plan the entry and exit. So how do you decide how to analyze the market? How do I make the right decisions?

I'm a trader, I don't include fundamental analysis in my trading. I'm a 100% technical trader and I'm not going to do it any other way, as it all works great for me. I can predict about 3 to 6 movements per month if there are suitable conditions. This is how technical analysis can work. A trader who trades on technical analysis has an advantage over analysts, he knows the entry point to the market, the goal and the exit point. The analyst can predict that the price will go up, but when it will happen, he does not know.

Of course, I'm not saying that you need to trade only on technical analysis, and everything else is wrong or does not work. In fact, the ability to predict future price movements based on technical analysis is very difficult to master. You need to understand the dynamics of price movement, why it is moving or standing, and what will happen next. Personally, I build my analysis on the principles and signals of price action. I believe that this is the best technical method in the Forex market, because it shows in real time what is happening in the market, and does not lag like indicators. It is easy for me to apply it and it is very harmonious with the concept of support and resistance levels. But if you approach the price action method superficially, you can do a lot of bad things. This is not a panacea, but no method will give you a 100% guarantee.

I have seen traders who only trade on fundamental analysis. I have to admit that some have been very successful at this. They understand what economic factors affect the price and can also use this to predict the entry and exit of a trade. So do not neglect this method of trading.

As I said, I am a purely technical trader and do not look at fundamental economic factors. But it seems to me that novice traders should combine both technical analysis and fundamental analysis in their trading. This will help them determine what they personally prefer, as well as allow them to look at the market and price from different angles. Some believe that fundamental analysis is easier than technical analysis, while others hold the opposite opinion. For many, economic data and its impact on the market are more logical and reliable than technical data. They say that technical analysis has no basis, that it simply follows the price and cannot predict the future. I have generally noticed that it is easier for novice traders to apply fundamental analysis than technical analysis.

But, as I have repeatedly noted, the biggest problem is entering a trade, as well as the question of setting a stop loss and take profit, and here, I think, the best solution is technical analysis. The road to profitable trading is through hard work. This is not a fun time. But, if you want, you can learn everything yourself without paying a penny for training.

Share this post


Link to post
Share on other sites
2 hours ago, Anarchy09 said:

@Whited35 The method of trial and error, in fact, the best teacher. With this method, you get a huge amount of information in the shortest possible time. However, you should not learn this method on a large Bank. It is best to use a small Bank to avoid significant financial losses. I would also add that the trial and error method will show itself more confident with the study of useful literature. Then there will be more trials and fewer errors. I think so😁

@Anarchy09This method only works if you learn something from your mistakes otherwise it will be extremely costly to expose yourself in the risk of test and trial by using funds no matter you started up with large sum of money or small, loss is loss 😝😜!

  • +3 1

 

 

Share this post


Link to post
Share on other sites
45 minutes ago, Whited35 said:

@Anarchy09This method only works if you learn something from your mistakes otherwise it will be extremely costly to expose yourself in the risk of test and trial by using funds no matter you started up with large sum of money or small, loss is loss 😝😜!

@Whited35 Yes, it's not a shame to make mistakes, it's a shame to make repeated mistakes. If a person does not have the ability to learn from their own mistakes, then a career as a trader is unlikely to suit them, I think so😯

  • +3 1

Share this post


Link to post
Share on other sites
15 hours ago, Anarchy09 said:

@Whited35 Yes, it's not a shame to make mistakes, it's a shame to make repeated mistakes. If a person does not have the ability to learn from their own mistakes, then a career as a trader is unlikely to suit them, I think so😯

@Anarchy09You are perfectly right on it my brother. Sometime even a single wrong click can cause a huge damage at the cryptocurrency tradings. I had the similar experience on HitBTC. After that terrible incident, I always check twice before placing orders. 

  • +4 1

 

 

Share this post


Link to post
Share on other sites

I think that technical analysis is very useful, because it gives us a lot of information about the decision we will make in a trade, be it long or short, we always rely on all the tools we can for the best decision.
 

Share this post


Link to post
Share on other sites
4 hours ago, Whited35 said:

@Anarchy09You are perfectly right on it my brother. Sometime even a single wrong click can cause a huge damage at the cryptocurrency tradings. I had the similar experience on HitBTC. After that terrible incident, I always check twice before placing orders. 

@Whited35 It's no big deal that you're facing such a problem. The main thing in this case is that you have learned a valuable lesson and will now make sure that this mistake does not happen again. Don't worry, everything will be fine!

  • +4 1

Share this post


Link to post
Share on other sites
1 hour ago, Anarchy09 said:

@Whited35 It's no big deal that you're facing such a problem. The main thing in this case is that you have learned a valuable lesson and will now make sure that this mistake does not happen again. Don't worry, everything will be fine!

@Anarchy09 100% it was the turning point to shape my trading skills. By the way, I am also interested to hear your experiences if you have lost a huge amounts due to a wrong analysis or due to a wrong click on the trading platforms.  

  • +4 1

 

 

Share this post


Link to post
Share on other sites
1 hour ago, Whited35 said:

@Anarchy09 100% it was the turning point to shape my trading skills. By the way, I am also interested to hear your experiences if you have lost a huge amounts due to a wrong analysis or due to a wrong click on the trading platforms.  

@Whited35 Yes, thank you for asking) I have such experience. A couple of years ago, I was trading on the steam trading platform and had a good income. Later, my scheme died and I had to withdraw the remaining money. At the time when I was withdrawing money, every corner was talking about bitcoin, that it is digital gold and it is waiting for a big future. And then I thought: "why not invest some of the remaining money in bitcoin?" at that time, I opened the chart and was stunned: the graph of bitcoin is flying up on jet engines! Without thinking twice, I decided to buy bitcoin. At the time of purchase, it cost$19,000. What do you think happened next?😂😂😂 I lost money on the fall of the exchange rate. At that time, I decided that it would be better to sell bitcoin and buy an altcoin. I accidentally heard about the TRX token, they said the same thing about it, that it will fly up and reach$ 1 per token! I, who did not understand anything at all at the time and was disappointed in bitcon, ran to buy TRX in the hope of getting my money back. But even here it will be easy to guess what happened next)what a valuable lesson I learned!!!

  • +5 1

Share this post


Link to post
Share on other sites

Crypto is special, because it's not needed to do technical analysis. Sometimes it can be helpful, but these whalemoves can not be predicted. So I would say, yes technicals can be helpful, but if a whale comes by, they are worthless, haha

Share this post


Link to post
Share on other sites

Personally i don't believe that you can predict the market even if you are a coin dev because everything can change in seconds. 

Share this post


Link to post
Share on other sites

Hi, 

That's a splendid question! Well, given its relative nascency compared to other financial markets, I've noticed that cryptocurrency investors tend to use technical analysis indicators to gauge their market positions. I personally employ a vast array of indicators, such as Bollinger bands, MACDs, and Fibonacci retracement to help make more informed trading and investing decisions. However, as the old adage goes, to each his own.

Best, 
@hiroyuki476

Share this post


Link to post
Share on other sites

No, technical analysis cannot predict sudden movements in cryptocurrencies, I think that is what fundamental analysis is for, for example if a cryptocurrency is going to be listed on a major exchange this can cause its price to rise for a while and then fall very quick, if you know this you can take advantage of it

Share this post


Link to post
Share on other sites

No, technical analysis cannot predict sudden movements in cryptocurrencies, I think that is what fundamental analysis

Share this post


Link to post
Share on other sites

I consider that it is the best analysis to be able to be profitable in the market! Technical analysis, within stock market analysis, is the treatment of price action, mainly through the use of graphs, with the purpose of predicting future trends in price. The term "price action" contains the three main sources of information available to the technical analyst. Technical analysis encompasses knowing a trend, drawing support and resistance levels, moving averages, etc.

Share this post


Link to post
Share on other sites

I think that the technical analysis is very fundamental when it comes to operating but you also have to take into account speculation and not get carried away by emotions, and also have a strategy to know how to apply excellent risk management, the ideal is to respect your strategy because many times we leave our position for fear of fear

  • +1 1

Share this post


Link to post
Share on other sites

Technical analysis is an essential tool for a good optimization of results when trading since it allows us a broader vision of the direction of the market towards the trend that best favors us, whether it is long or short.
 

  • Useful or interesting 1

Share this post


Link to post
Share on other sites
16 hours ago, Anarchy09 said:

I lost money on the fall of the exchange rate. At that time, I decided that it would be better to sell bitcoin and buy an altcoin. I accidentally heard about the TRX token, they said the same thing about it

@Anarchy09 Oh impressive ! Clearly the fault in analysis as newbie which happens to the most of the newcomers in the crypto world. You again reverted to TRON 😂 ! I hope after that incident, you have never chosen any products based on TRON blockchain network? 

Thanks for sharing your experience and I hope newbies may have something to learn from your experience how analysis mistakes or investment mistakes lead to the loss in the cryptocurrency sphere. I am really loving to have conversations with you in the different threads and while dealing with you, I am missing my brother @BTC Future , he used to share me such a great experience but despite my last effort, he left this forum. Now I am just missing him because he was the most important pal to have mainstream and depth cryptocurrency related discussions. You can still visit his profile to see his great ideas. 

  • +5 1

 

 

Share this post


Link to post
Share on other sites
2 hours ago, Whited35 said:

@Anarchy09 Oh impressive ! Clearly the fault in analysis as newbie which happens to the most of the newcomers in the crypto world. You again reverted to TRON 😂 ! I hope after that incident, you have never chosen any products based on TRON blockchain network? 

Thanks for sharing your experience and I hope newbies may have something to learn from your experience how analysis mistakes or investment mistakes lead to the loss in the cryptocurrency sphere. I am really loving to have conversations with you in the different threads and while dealing with you, I am missing my brother @BTC Future , he used to share me such a great experience but despite my last effort, he left this forum. Now I am just missing him because he was the most important pal to have mainstream and depth cryptocurrency related discussions. You can still visit his profile to see his great ideas. 

@Whited35 I also think that people with a lot of experience behind them should share it with others, whether for a fee or for free. If a person has a good experience behind their back and presents it correctly 😀😀, I am even ready to pay money for their presentations and lessons, but there are people who meet one in a million who are willing to share their stories and useful lessons on forums for free. And apparently your friend @BTC Future is one of them😁😁.and as for my experience, I am ready to reconsider my views on the throne if I am engaged in cryptocurrency arbitrage. This network has a low Commission and fast transactions, plus it has a relatively sideways schedule.

Now I looked at his profile - he is banned, it's a shame😒

Edited by Anarchy09
  • +5 1

Share this post


Link to post
Share on other sites

I think that technical analysis does not guarantee everything, movement prediction, technical analysis is only a very small part, while the basic analysis, market analysis

  • +1 1

Share this post


Link to post
Share on other sites
14 minutes ago, Anarchy09 said:

If a person has a good experience behind their back and presents it correctly 😀😀, I am even ready to pay money for their presentations and lessons,

@Anarchy09 This forum can be the best place for that purpose. Here are really talented some guys who occasionally create the posts at least one in a week. I love to read their analysis and participate in their discussions. 

17 minutes ago, Anarchy09 said:

Now I looked at his profile - he is banned, it's a shame😒

Indeed it is the reality that's why it hurts me the most. 

  • +5 1

 

 

Share this post


Link to post
Share on other sites

This is why we do technical analysis we do this to predict the market, so you ask a question and given an answer too. Technical analysis is performed to predict where the prices are going next, but since we can't accurately predict the future this is only the best estimate we can get.

  • Useful or interesting 1

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    No registered users viewing this page.

  • Topics

  • Сообщения

    • На прошлой неделе цена биткоина снизилась до $67 000, хотя большинство топ-10 криптовалют по рыночной капитализации закончили неделю в плюсе. Сложность майнинга биткоина увеличилась на 1,48%, но не смогла полностью компенсировать падение после халвинга. SEC одобрила заявки на спотовые Ethereum-ETF от VanEck, BlackRock и Fidelity, что подтверждает статус Ethereum как цифрового актива. Цена Ethereum сначала упала до $3500 из-за слухов, но затем подскочила до $3900 после утверждения заявок. Прогнозируется дальнейший рост цены Ethereum до $6600, а CEO Galaxy Digital выразил оптимистичные прогнозы относительно цен на активы.
    • Добавлена система реферальных вознаграждений. Получайте бонусы за своих друзей! Делитесь своей реферальной ссылкой с другом, и получай 4% с его покупок себе на баланс магазина! С любовью, @ProxyUniverseBot
    • Видимо проблемы есть в этом направлении и проект ещё может быть сырым в том числе в плане счётчика рефералов. Хотя когда есть ссылка для рефералов, то система должна работать, но может дело в другом, и будет удивительно, если считают рефов у которых тоже должны быть рефы 😅
    • Снифтра у меня пока, что 0.1 штк м вряд ли в следующий раз повезёт что-то заполучить из-за огромного количества рафли игроков. А NFT их тоже заминтил, можно это что-то даст, а вот с кристаллами их и вправду прибавилось, хотя у меня почему-то идут постоянные сбои с начислением 2-х 💎 за лайки, которые можно минтить через сутки.
    • Добрый день, дорогие форумчане! В воскресенье, 26 мая, биткоин (BTC) торгуется около отметки $69 тыс., его цена за прошедшую неделю выросла примерно на 2,5%. Вы можете зафиксировать свои средства с помощью нашего сервиса Cryptonet.pro !
    • Forex and Cryptocurrency Forecast for 27 – 31 May 2024 EUR/USD: The Battle of Europe and US PMIs   Overall, the past week favoured the dollar, but the advantage over the European currency was minimal. If you look at where the EUR/USD pair was on 15 May, it returned to this zone on 24 May, regaining the losses of recent days. Recall that the report from the US Bureau of Labor Statistics (BLS) released on 15 May showed that the Consumer Price Index (CPI) decreased from 0.4% to 0.3% month-on-month (m/m), against a forecast of 0.4%. On an annual basis, inflation also fell from 3.5% to 3.4%. Retail sales volume demonstrated an even more significant decline, from 0.6% to 0.0% month-on-month (forecast 0.4%). These data indicated that inflation in the country, though resistant in certain areas, is still on the decline. At that moment, there were renewed discussions in the market about a possible rate cut by the Fed as early as this autumn. As a result, the Dollar Index (DXY) went down, and EUR/USD went up. Stock indices S&P 500 and Nasdaq reached record highs.   The most volatile day of the past week was Thursday, 23 May. Preliminary business activity data in the Eurozone exceeded expectations, strengthening the euro and lifting the pair to 1.0860. In Germany, the main locomotive of the European economy, the Manufacturing PMI rose from 42.5 to 45.4 points (forecast 43.2). This is still below the 50.0-point threshold separating decline from growth, but the trend is clearly positive. The Services PMI reached its highest level since June last year, hitting 53.9 against a forecast of 53.5 and a previous value of 53.2.   Germany's Composite PMI increased from 50.6 to 52.2 (market expectations were 51.0). Overall, business activity statistics in the Eurozone were also positive. The Composite PMI updated multi-month highs and, with a forecast of 52.0, actually reached 52.3 points (previous value 51.7).   However, the euro bulls' joy was short-lived. Later on Thursday, similar preliminary data on the US economy were released. They showed that business activity in the country's private sector grew at the highest rate in the past two years. The Manufacturing PMI rose from 50.0 to 50.9 points, and the Composite PMI jumped from 51.3 to 54.8 in a month. Market expectations were much lower, at the previous level of 51.3, so such a sharp rise signalled a surge in the DXY to 105.05 and a fall in the EUR/USD pair to 1.0804, as the likelihood of a rate cut in September decreased.   But the bears' joy was also short-lived. The GDP data released on Friday, 24 May, for Q1 2024 in Germany showed that the country's economy is saying goodbye to recession and moving into the growth zone. After a decline of -0.3%, GDP increased by 0.5%, resulting in a net growth of +0.2%.   In the end, after all these fluctuations, EUR/USD returned to the Pivot Point of the past one and a half weeks, closing at 1.0845. As for analysts' forecasts for the near future, as of the evening of 24 May, most (65%) expect the dollar to strengthen, 20% expect it to weaken, and the remaining 15% are neutral. All trend indicators on D1 are green, while 60% of oscillators are also green. Another 15% are red, and 25% are neutral grey. The nearest support for the pair is in the zones of 1.0830-1.0840, 1.0800-1.0810, then 1.0765, 1.0710-1.0725, 1.0665-1.0680, and 1.0600-1.0620. Resistance zones are located at 1.0880-1.0895, 1.0925-1.0940, 1.0980-1.1010, 1.1050, and 1.1100-1.1140.   The following week's calendar highlights Tuesday, 28 May, when the US Consumer Confidence Index will be announced. On the next day, 29 May, data on consumer inflation (CPI) in Germany will be released. On Thursday, 30 May, preliminary US GDP data for Q1 2024 will be published. The last working day of the week and the month might be quite eventful. On Friday, 31 May, Germany's retail sales volumes, preliminary inflation indicators (CPI) in the Eurozone, and the US Core Personal Consumption Expenditure Price Index will be announced. Traders should also note that Monday, 27 May, is a public holiday in the US, as the country observes Memorial Day.   GBP/USD: Uncertain Times for the Pound   The prospects for the British currency, as well as the national economy as a whole, are ambiguous. Additional uncertainty is brought by the fact that early parliamentary elections are scheduled for 4 July. As Prime Minister Rishi Sunak stated, "economic instability is just the beginning. [...] The time has come for Britain to make a choice. [...] Uncertain times require a clear plan and bold actions." However, what these "bold actions" will be remains unknown.    The macro statistics released last week did not add clarity. The preliminary Services PMI in the UK decreased from 55.0 to 52.9 points in May, against expectations of 54.7. And although in the manufacturing sector, this figure increased from 49.1 to 51.3, the Composite PMI stood at 52.8, below both the previous value of 54.1 and market expectations of 54.0.   As the latest data from the Office for National Statistics (ONS) showed, published on Friday, 24 May, retail sales in the country fell by -2.3% (m/m) in April, against a forecast of -0.4% and a result of -0.2% in March. The annual retail sales volume decreased by -2.7% compared to the previous result of -0.4%, and core retail sales fell by -3.0% (y/y) against 0% a month earlier, with all figures significantly below forecasts.   In such a situation, experts' opinions regarding the timing of the Bank of England's (BoE) rate cut also do not provide clear guidance. Analysts at JP Morgan (JPM) stick to their previous forecast of a rate cut in August but are cautious, citing still high consumer price inflation (CPI). "We adhere to our forecast [...] but believe that the risks have clearly shifted towards a later cut. Now it is a question of whether the Bank of England will be able to ease its policy at all this year." Strategists at Goldman Sachs, Deutsche Bank, and HSBC have also shifted their rate cut forecasts, moving the date from June to August for now. But this is only "for now"...   The maximum of the past week for GBP/USD was recorded at 1.2760. According to economists from Singapore's United Overseas Bank (UOB), the pair's upward momentum has slowed, and the likelihood of the pound rising to 1.2800 is decreasing. UOB believes that in the next 1-3 weeks, the British currency will trade in the range of 1.2685 to 1.2755.   The week ended at 1.2737. The median forecast of analysts for the near future is as follows: 60% voted for the pair's movement to the south, 20% for the northern direction, and 20% preferred neutrality. As for technical analysis, all trend indicators and oscillators on D1 point north, but a third of the latter signal overbought conditions. In case of further decline, the pair will encounter support levels and zones at 1.2695, 1.2635, 1.2575-1.2600, 1.2540, 1.2445-1.2465, 1.2405, 1.2300-1.2330. In case of growth, the pair will meet resistance at levels 1.2760, 1.2800-1.2820, 1.2885-1.2900.   No significant economic data releases for the United Kingdom are scheduled for the coming week. However, it should be noted that Monday, 27 May, is a bank holiday in the UK.   USD/JPY: Calmness, Ladies and Gentlemen, Just Calmness!   For such a super-volatile pair as USD/JPY, the past week was surprisingly calm. There were no currency interventions, and verbal interventions were as usual – lots of words, little action. Thus, Japan's Finance Minister Shunichi Suzuki once again expressed concern about rising prices caused by the weak national currency.   According to Suzuki, one of the main goals of monetary authorities is to achieve wage growth exceeding inflation. "On the other hand," the minister added, "if prices remain high, achieving this goal will be difficult." In general, as usual, the government is closely monitoring the situation, understanding that everything is complicated, and therefore ... will continue to monitor.   Based on this contemplative policy, despite the GDP decline in Q1, on Thursday, 23 May, the Bank of Japan (BoJ) announced that it left the issuance volumes of Japanese government bonds (JGB) at the previous level. According to BoJ Governor Kazuo Ueda, "the economic outlook has not changed." The BoJ's view of the global economy has also not changed significantly. In general, calmness, ladies and gentlemen, just calmness!   Against this positive background, USD/JPY pair reacted only to the yield of US Treasury bonds and the dynamics of the Dollar Index (DXY). As a result, starting the five-day period around 155.70, it gradually moved up and ended it at 156.96. Analysts at United Overseas Bank (UOB) believe that given the weak upward pressure, the pair's growth in the next 1-3 weeks will be slow, and the barrier at 157.50 may prove to be a tough nut to crack. In their opinion, a price breakthrough above 157.00 is possible, but the pair is unlikely to consolidate above this level. The next resistance at 157.50 is unlikely to be threatened. UOB estimates that support is at 156.40, followed by 156.10. If USD/JPY falls below 155.60, it will indicate that the slight upward pressure has weakened, write the bank's economists.     Speaking of the average forecast, only 20% of analysts point south, 40% north, and another 40% east. Technical analysis tools are clearly devoid of such disagreements. Therefore, all 100% of trend indicators and oscillators on D1 point north, with 20% of the latter already in the overbought zone. It should be noted that while the green/north color of indicators regarding the British pound indicates its strengthening, in relation to the yen, it signals its weakening. Therefore, we advise paying attention to the GBP/JPY pair, whose dynamics have been very impressive lately.   The nearest support level is around 156.25, followed by zones and levels of 155.25-155.45, 154.60, 153.60-153.90, 153.00-153.15, 151.85-152.35, 150.80-151.00, 149.70-150.00, 148.40, 147.30-147.60, and 146.50. The nearest resistance is in the zone of 157.20, followed by 157.80-158.00, 158.45, 159.40, and 160.20-160.30.   From the events of the upcoming week, we recommend noting the speech of the Bank of Japan Governor Kazuo Ueda on Monday, 27 May, as well as the publication of consumer inflation (CPI) data in the Tokyo region on Friday, 31 May.   CRYPTOCURRENCIES: A Week Under the Ethereum Flag     In 2024, the crypto community began gradually forgetting the term "crypto winter." However, there was no talk of a "crypto spring" either. After the halving on 12 April, in the absence of a bull rally, small traders and speculators began selling off their coin reserves. According to The Block Research, the rate of opening new BTC wallets fell to a six-year low. However, the whales buying digital gold for the future prevented a complete collapse in prices. And finally, at the end of the calendar spring, it seems spring has come to the crypto market. And it was awakened by the Federal Reserve System (Fed) of the USA with its monetary policy. According to analysts, the surge in investments in digital assets was a response to the May consumer inflation (CPI) report in the US, which positively impacted the risk appetites of institutional investors.   According to CoinShares, investments in crypto funds increased by $932 million from 13 to 17 May, after an inflow of $130 million the previous week. For the first time, there was an inflow of $18 million into Grayscale's ETF. This sharp increase in BTC-ETF investments, the highest in the last nine weeks, triggered a sharp rise in bitcoin on 20-21 May, approaching $72,000 for the first time since 09 April.   After bitcoin rose above $71,000, its price updated historical highs in the local currencies of several Asian and South American countries. According to CoinMarketCap, in Japan, BTC reached a record level of 11.2 million yen at the start of trading on 21 May. This is the first case where the flagship asset's price exceeded 11 million yen. Digital gold prices also peaked in Argentina, where the leading cryptocurrency reached 63.8 million Argentine pesos, slightly above the maximum on 14 March.   In the Philippines, one bitcoin briefly rose to 4.18 million pesos, the highest since mid-March 2024. In several other countries, BTC prices also equalled or were very close to mid-March's maximum prices: in the UK, Australia, Canada, Chile, Colombia, Egypt, Israel, Norway, India, South Korea, Taiwan, and Turkey.   However, the Fed and American macro statistics, having awakened the markets, also calmed them. After strong business activity data in the US, BTC/USD returned to the support zone of $67,000. Another (and probably the main) reason why bitcoin could not update its historical high was its main competitor, ethereum, which drew investors' attention. (More on this below).   QCP Capital expects bitcoin to reach $74,000 and update its ATH (All-Time High) in the coming months. According to the company's economists, institutional acceptance of cryptocurrency is accelerating, and improving conditions in the global economy create conditions for capital inflows into risky assets. The US presidential election, scheduled for 5 November 2024, is also starting to have a strong positive impact on the cryptocurrency market.   Cryptocurrency themes continue to strengthen in the pre-election rhetoric of candidates seeking to gain the votes of the crypto community, which, according to NYDIG, numbers more than 46 million citizens in the US, or 22% of the adult population. Haseeb Qureshi, Managing Partner of Dragonfly Capital, believes that in such a situation, the administration of President Joseph Biden will soon be forced to ease its policy regarding the digital asset industry. A complete turnaround is not to be expected, but a softening of the position will still occur, Qureshi said.   CNN has recently reported on upcoming debates between Biden and his competitor, Donald Trump. The incumbent president will have to answer a number of uncomfortable questions about the harsh policy towards the crypto industry, which led to the outflow of cryptocurrency capital, the closure of large companies, and high-profile lawsuits. From Donald Trump, who turned the topic of cryptocurrency into a weapon against his opponent, in addition to attacks for the current state of affairs, loud pre-election promises can be expected, which could lead to significant volatility in the crypto market. Possible participation of Elon Musk, who expressed willingness to become a moderator, and independent candidate Robert Kennedy Jr., should enliven the debates, the first round of which is scheduled for 27 June, and the second for 10 September.   The main beneficiary of the past week was not bitcoin but ethereum. On Monday, 20 May, news reached the media that the US Securities and Exchange Commission (SEC) asked companies to update Form 19b-4 in applications for launching spot Ethereum ETFs in an accelerated manner. After these news, the financial agency Bloomberg immediately raised the chances of such funds being approved from 25% to 75%. Against this background, the leading altcoin quickly outpaced the flagship cryptocurrency in terms of growth rates.   The deadline for the first two applications from VanEck and Grayscale was Thursday, 23 May. Shortly before the X hour, ETH/USD reached $3,947, showing a growth of almost 30% in three days. According to Coinglass, the amount of liquidations and forced closures of short positions on crypto exchanges amounted to $340 million. A total of 78.8 thousand positions were liquidated, and the largest individual liquidation occurred on the HTX exchange for the ETH/USDT pair for $3.1 million.   The SEC did not disappoint expectations and on 23 May approved not two but a total of eight applications for the issuance of spot ETFs based on Ethereum and gave the go-ahead for trading and listing these funds on exchanges. According to Variant Investments Chief Legal Officer Jake Chervinsky, this step signals a "significant shift in US crypto policy, possibly more important than the ETFs themselves." This may also mean that recognizing ethereum as a commodity, the regulator will not categorize many other altcoins as securities. According to Rekt Capital, the market is already on the verge of an altcoin rally, the peak of which is expected in July.   Experts expect significant capital inflows after the listing of ETH-ETFs and believe that billions of dollars will be invested in derivatives in the first week after trading starts. Analysts from QCP Capital believe that the altcoin rate in the short term can rise to $4,000 and exceed $5,000 by the end of the year.   An even bolder forecast is given by Standard Chartered Bank economists. They expect capital inflows into such funds in the first year to range from $15 to $45 billion (2-9 million ETH). In this case, the fund's demand will lead to the asset's rate rising to $8,000 at a bitcoin rate of $150,000. Moreover, if market dynamics are positive, by 2025, the price of Ethereum will reach $14,000, and bitcoin's rate will increase to $200,000.   As of the evening of Friday, 24 May, BTC/USD is trading at $69,900, and ETH/USD at $3,735. The absence of an immediate pump and some drawdown of this pair on 23-24 May can be explained by the fact that everyone who wanted to has already managed to buy ethereums ahead of the SEC's historic decision. The total cryptocurrency market capitalization is $2.55 trillion ($2.42 trillion a week ago). The Bitcoin Fear & Greed Index (Crypto Fear & Greed Index) has not changed and remains in the Greed zone at 74 points.   And in conclusion of the review, forecasts from Artificial Intelligence. The latest version of GPT-4o from OpenAI believes that the price of bitcoin on 1 August 2024 will be in the range of $76,348 to $89,108 "considering current market factors and historical trends." GPT-4o's competitor, the anthropic AI model Claude 3 Opus, has formed an even more optimistic vision, designating the range between $105,072 and $167,808 by the indicated date. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Там то и тыкать не особо нужно, включил и пускай фармит. Это в других тапалках (и то не во всех) нужно каждый раз тыкать, тут почти пассив 😉
    • Полиция Южной Кореи раскрыла крупную группу криптомошенников   Южнокорейские полицейские арестовали 19 человек, которые выступали участниками мошеннической группы, действующей в социальных сетях. По данным властей, задержанные управляли открытым чатом, через который обманули сотни криптовалютных инвесторов.   Изначально мошенники предлагали пользователям чата законные способы вложений в цифровые активы, используя их некоторые инвесторы даже смогли получить прибыль. Такие действия преступников должны были усыпить бдительность, чтобы в дальнейшем люди без раздумий инвестировали в незарегистрированные криптовалюты. Когда инвесторы поняли, что их обманули, они потребовали вернуть деньги, но мошенники к тому времени уже заблокировали доступ к чату.   В результате расследования правоохранители выяснили, что в сети мошенников попали 308 человек, которые в общей сложности лишились примерно $19 млн.   По данным полицейского управления Южной Кореи, ещё как минимум шесть преступников находятся на свободе, скрываясь в других странах. Интерпол уже получил «красные уведомления», предписывающие арестовать их. Все участники мошеннического чата были завербованы главарём, чьё имя пока не раскрывается. Он помогал им незаконно въезжать в страну, а затем забирал у этих людей паспорта и мобильные телефоны, чтобы принудить к сотрудничеству. Источник - https://ru.investing.com/news/cryptocurrency-news/article-2425428
    • Даа, лучше поздно, чем никогда. Все таки будем вернуть свои ошибки, когда альты тоже будут расти. Но биткоин пока уверенно себя ведёт, я уверен что до конца года дойдет хотя бы до 90к. Эти альты меня так пугали, что с очень осторожностью покупаю их. 
    • Добрый вечер, уважаемые пользователи! Мы работаем ежедневно с 10:00 до 22:00 (МСК)  - Дорогие друзья, напоминаем Вам про #Акцию, дарим бесплатные AML проверки, для этого нужно обратиться в Telegram с сообщением "бесплатная AML проверка". Желаем Всем тем, кто работает - прибыльного и продуктивного дня. А тем, кто не работает - хороших выходных.
×
×
  • Create New...