Trading talk for experts and beginners - Trading - CryptoTalk.Org Jump to content
th3nolo

Trading talk for experts and beginners

Recommended Posts

I know that many of you have never traded, probably many of you have lost all your money in altcoins, but I also know that among you there are traders with profitable strategies so how do you define yourself?

 

I want to create this thread to maintain an open conversation about trading, strategies, resources, etc. 

 

I do not want it to become a thread of price speculation, for that there are already several threads.

 

So I sincerely if you have nothing to contribute to the subject please don't talk to get paid, talk to learn, to trade, to make friends that way I assure you that you will have lots of money by the end of 2024.

 

Don't you see what the forum is doing?

 

They are caring for the traders, which is little appreciated on other sites, including Twitter, Reddit, etc.

 

It's really hard to belong to a community without having to pay for a membership, but guess what. You already belong to the forum and you get paid to belong, not the opposite.

 

Finishing the introduction to the thread, I hope everyone understands the general idea, Welcome.

 

  • Useful or interesting 6
  • +1 4
  • +3 2

Share this post


Link to post
Share on other sites
18 minutes ago, Badman001 said:

Trading is best and super way of earn money without doing any hard work 

For experts trading is simple and easy for them 

For beginners I tell him to go watch YouTube videos and reading blogs ..

Yea i agreed with you thats really good suggestion.  The opportunity for success in tarding coins is more promising than forex.  And it's not always risky as long as we want to learn and aren't greedy

  • +4 1

Share this post


Link to post
Share on other sites
17 hours ago, Beast said:

The whole 2018 - 2019, it was a great time to invest in bitcoin. and I think that until the bitcoin is below 15 thousand dollars, this is a great time for investment. I continue to invest every month and so I will continue. and I am looking for other ways to earn bitcoin, cryptotalk helps with it. I will sell bitcoin when it will cost $ 100,000. It's my own Strategy 😃

The dollar-cost average is undoubtedly a good strategy since in the long term it helps you keep positive even if you invest in bad times, I believe that any price below 10K$ is excellent long-term but doing so is not being a trader but an investor.

 

17 hours ago, Badman001 said:

Trading is best and super way of earn money without doing any hard work 

For experts trading is simple and easy for them 

For beginners I tell him to go watch YouTube videos and reading blogs ..

Don't get me wrong, being a trader is a full-time job, anyone who tells you they can do it in their lunch break is bullshitting you or doesn't know what they're talking about.

 

Of course, it is easier for the experts but they have been doing this for years unlike many they have already done their due diligence to be successful.

 

It's okay that you want to help people who are starting on this but I would like you to be more concise in your recommendations.

 

17 hours ago, Yanadia said:

Yea i agreed with you thats really good suggestion.  The opportunity for success in tarding coins is more promising than forex.  And it's not always risky as long as we want to learn and aren't greedy

Actually I believe that trading cryptocurrencies can be just as risky or much riskier than any market because there is not much liquidity and that can generate a chain of liquidations that could bring down the price of the underlying assets being traded.

  • +2 1

Share this post


Link to post
Share on other sites

the long bear run was the reason for our losses.2020 is going to be year of our recovery of losses.we need to keep patience and desciplined in cryptocurrency feild.it is going to be the year of happines for us.

  • +2 1

Share this post


Link to post
Share on other sites

People came here for reward but I for knowledge, specially about trading. A lot of news/ statement that trading is easy way to get income but I'm afraid that was wrong. In this forum I want to know about fact before enter the market again, if the forum could help me it will be wonderful.

  • Useful or interesting 1

Share this post


Link to post
Share on other sites

Guys specifically indicate at the beginning of the thread to not fill the topic with shitty comments, if you are not able to do something constructive please don't comment.

 

Finishing that I would like to share with you a set of super interesting tools to compliment when you are trading.

 

https://whalepool.io/resources.php

 

They were compiled by a quite mature trading community called WhalePool, the members of that community are whales, so with this compilation, I expect you to be able to improve your analytics before entering a position.

 

In the following posts, I will try to talk about these tools one by one detailing tricks and tips.

  • +1 1

Share this post


Link to post
Share on other sites
23 minutes ago, Luv4me said:

The forum is doing good and helping traders both professionals and new trading to learn more about trading

Because this forum is designed to have a global discussion about crypto not just trading but all events that happen to the crypto world.


SIGNATURE SPACE FOR SALE PM ME!

Share this post


Link to post
Share on other sites

If compared to my investment at the end of 2017, the peak of the price is high, 2018 is from the end of the year to the beginning of 2019, it is the best time for you to invest in cryptocurrencies, and especially btc.

Share this post


Link to post
Share on other sites

I'm not a professional, but my advice for newbie trading and don't just learn theory, I think you will find your own technique when you start trading

  • Useful or interesting 1

Share this post


Link to post
Share on other sites
On 12/15/2019 at 3:31 PM, halloweed said:

I would like to announce myself like a total beginner and I just want to know how to trade, especially with yobit exchange.

You're welcome to the discussion, follow the resource I will be sharing here.. and also the books and vids.

 

On 12/16/2019 at 3:18 AM, Luv4me said:

The forum is doing good and helping traders both professionals and new trading to learn more about trading

What is the need to leave a comment that does not help the discussion at all?

 

On 12/16/2019 at 3:42 AM, SyntaxEr. said:

Because this forum is designed to have a global discussion about crypto not just trading but all events that happen to the crypto world.

Welcome, I recommend you to read the OP.

 

On 12/18/2019 at 7:47 AM, Yawar said:

Am not a pro in crypto field but still am doing my best to get on top. I will collaborate with any one who willing to share his/her ideas and thoughts with me.

Finally, someone who wants to contribute to the discussion in a constructive way, I am interested in sharing ideas. 

So I'm waiting for a comment to start the discussion.

On 12/18/2019 at 11:47 AM, Wizkidda said:

Individuals came here for remuneration yet I for information, uniquely about trading. A great deal of news/proclamation that trading is simple approach to get pay yet I'm anxious about the possibility that that wasn't right. In this gathering I need to think about truth before enter the market once more, if the discussion could help me it will be magnificent.

It would be great everything you say if you weren't doing the message just to increase your activity.

 

On 12/18/2019 at 11:50 AM, palalu said:

I'm not a professional, but my advice for newbie trading and don't just learn theory, I think you will find your own technique when you start trading

Thanks for the advice, I think I will add it to the OP, or in a new commentary as useful advice.

 

On 12/18/2019 at 1:24 PM, Detol said:

Trading is not a simple thing to do. I don't advice any one to start trading without experience and method. You will regret later

Thanks for the advice, I think I will add it to the OP, or in a new commentary as useful advice.

 

On 12/18/2019 at 3:05 PM, Mardiya said:

Individuals came here for remuneration however I for information, uncommonly about trading. A great deal of news/articulation that trading is simple approach to get salary yet I'm anxious about the possibility that that wasn't right. In this gathering I need to think about truth before enter the market once more, if the discussion could help me it will be awesome.

Another user who, by the way, is plagiarizing Wizkidda's comment

 

18 hours ago, Luv4me said:

Since it has different sections, they all are meant to be discussed, those for traders is the traders forum

Yes.. and I'm trying to create a theme specifically to help traders, inspired by the subbreddit wall street bets

 

11 hours ago, Alshashi said:

there isn't a lot of liquidity and that can create a chain of liquidations that could cut down the cost of the hidden resources being exchanged.

No doubt that has been changing over time, by 2020 the market is going to have a lot of liquidity as well as low volatility all thanks to the professionalization of the ecosystem and/or the introduction of options.

Share this post


Link to post
Share on other sites

Thank you for sharing, I also agree with the view that there are many people who lose money, many people make a lot of money, and so on, including those who can't be helped, but it will be a lesson. For each of us, but at the end of south 2018 and late south 2019 I think it's okay to lose or hold
Wish all of you success

Share this post


Link to post
Share on other sites
11 minutes ago, huyscoi40 said:

I keep investing every month and so I will continue. and I'm looking for other ways to earn bitcoins. Opportunities to succeed in tackling more promising currencies than forex.

Hey.. could you stop saying so many cliché messages? It's a trading discussion and the truth is most of your messages seem prefabricated.

Share this post


Link to post
Share on other sites
3 minutes ago, AlphaRol said:

Just try to make your own research on youtube, there is a lot of people who are offering their teaching services for free, and it is not difficult to understand how to trade, or just get some knowledge, if you really know what you are doing, and if you learn from your mistakes, of course

I agree with you that most people interested in teaching trading are generally looking for economic benefits without even being a successful trader themselves.

Share this post


Link to post
Share on other sites
50 minutes ago, RaspberryPie said:

I think the best way is if you start to study all the basic information about trading. Trading is not an easy job because we need many knowledges and techniques for us to gain many money. Trading also requires patience and good emotional control to win.

Right to say when you have no basic information about trading then trading would be more difficult for you so first gain knowledge.

Share this post


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

I think you need to be more specific about what you are trying to tell us. If you are talking about trading, I will advice beginners to know the do and don't before starting. Trading can be so profitable but can Al's be risky.

Thank you, the topic started to give ideas and share them. I have been writing down each of the recommendations you have given me throughout the 28 comments so far.

 

I have only gotten 5 or 6 comments with positive and constructive feedback.

Share this post


Link to post
Share on other sites

Became trader/ investor is not easy, need time and dedication to reach expert level. Many discussion about strategy, mindset and resources came with more detail but not giving positive impact into trader/ investor. I believe people already have basic knowledge they only need to keep practice and fix their strategy, that's it.

Share this post


Link to post
Share on other sites

For me, I think I benefit from trading a lot because I made a lot of profit by doing this
I rely on the analysis and buy the currency when it is in decline of several points and divide my money and do not put it in one basket


THINK POSITIVE

Share this post


Link to post
Share on other sites
On 12/21/2019 at 2:32 PM, jore1 said:

newbies start small transactions first then start with big deals after the theory must go hand in hand to develop.

I think that's a must. How could a newbie trader who didn't know yet the "terrain" they would face and dared to spend a lot of capital. I think if that happens, it's one of big mistake

Share this post


Link to post
Share on other sites

There is no doubt in your saying that cryptotalk is good platform for beginners and experts trader to learn and to boost them up in trading and beside it i am not good trade and i am learning about it on this forum and if u have any good stuff to share with us for good trading where in videos then it will be greatness

Share this post


Link to post
Share on other sites

Trading must be done with goals,dedication,commitment and patience not just because you want easy money because having those will make you know and feel the proper way of dealing in the market and make you more successful in the long term.

Share this post


Link to post
Share on other sites

It would be cool if we talked and shared different finds, as in this forum. I am glad that they support us here, and not vice versa. As for your topic, so my strategy is that I earn and buy cryptocurrency so that as soon as it has risen at least 3-4 times, I would immediately sell it and get huge benefits from this!

  • +1 1

Share this post


Link to post
Share on other sites

When you start trading for the first time, you must learn what coins will be sold, what strategies will be used. Always use unused money to trade so as not to interfere with your finances when experiencing losses in trading.

Share this post


Link to post
Share on other sites
On 12/14/2019 at 11:06 PM, vivek jain said:

the long bear run was the reason for our losses.2020 is going to be year of our recovery of losses.we need to keep patience and desciplined in cryptocurrency feild.it is going to be the year of happines for us.

Yes my friend, year 2020 will be our year of grace.

Our loses will soon be recovered.

Share this post


Link to post
Share on other sites

This year is the year thats all investors or holders of coins are waiting for (in my opinion)as this year is the time of getting the price bullish or hoping yhis time is the time of crossing the bitcoins of ATHi hope it will hapen

  • +5 1

Share this post


Link to post
Share on other sites

I will talk about my experience on the yopit website. It was the honest site that I gained from, although I do not know much about the ways to analyze currencies. We can monitor the Yubit site and devise profit strategies where there are cheap currencies that we can buy in large quantities and sell when they rise, but we must be wary of the collapse of these.  Currencies

  • +3 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

    • Спасибо вам тоже удачи желаю. Но вы совсем уходите? Иногда взгляните на форум, может когда то "революция" будет). Мне тоже не охотно писать каждый день, даже по два поста. Надеемся форум восстановят и мы снова будем писать посты. 
    • Для меня это не проблема, в любом случае стейблкоины удобнее  обменивать как в плане скорости так и комиссии. А курс да на этом сервисе очень даже выгодный, и это думаю самое основное когда мы покупаем или обналичиваем крипто. 
    • Компания по предоставлению финансовых услуг Depository Trust and Clearing Corporation (DTCC) объявила, что не будет предоставлять какое-либо залоговое обеспечение для ETF с участием биткойнов.   В заявлении , опубликованном 26 апреля, уточняется, что залоговая стоимость ETF и аналогичных инвестиционных инструментов с биткойнами или другими криптовалютами в качестве базовых активов будет снижена до нуля. Однако криптоэнтузиаст KO Kryptowaluty в сообщении на X отметил, что изменение касается только расчетов между организациями в рамках системы кредитной линии.   По мнению Kryptowaluty, использование криптовалютных ETF для кредитования и в качестве залога в брокерской деятельности, скорее всего, останется неизменным, в зависимости от толерантности к риску отдельных брокеров. Хотя DTCC выразил несогласие с криптовалютными ETF, другие авторитетные игроки этого не сделали. Клиенты Goldman Sachs начали вновь выходить на рынок криптовалют  в 2024 году, чему способствовал новый энтузиазм после запуска спотовых биткойн-ETF.  С момента своего появления эти ETF привлекли значительный институциональный интерес, накопив активы под управлением на сумму более 12,5 миллиардов долларов за три месяца.   В феврале на десять биткойн-ETF, одобренных в США 11 января, пришлось примерно 75% новых инвестиций в биткойны.  Несмотря на этот всплеск, в последние недели приток мигрантов снизился. Farside Investors сообщила о чистом оттоке $218 млн из спотовых биткоин-ETF 25 апреля после оттока $120 млн накануне. Между тем, 25 апреля Комиссия по ценным бумагам и биржам США (SEC) в очередной раз отложила принятие решения по заявкам на спотовые опционы Bitcoin ETF. Регулирующий орган продлевает срок и требует общественного обсуждения в течение следующего 21 дня и опровержений в течение 35 дней. Агентство задалось вопросом, должны ли опционы на спотовые биткойн-ETF следовать тем же правилам, что и акции.   Несколько бирж, в том числе Cboe Exchange, Inc., BOX Exchange LLC, MIAX International Securities Exchange LLC, Nasdaq ISE, LLC и NYSE American LLC, подали заявки на предложение торговли опционами на эти ETF. Кроме того, SEC отложила принятие решений по заявкам Grayscale и Bitwise на введение ETF опционов на биткойны , назначив следующую дату рассмотрения на 29 мая.
    • Стивен Нерайофф в треде из твитов постарался объяснить, что сеть Эфириума была централизованной с момента создания, поэтому ETH можно назвать инвестиционным контрактом. Сооснователь Эфириума Джозеф Любин (Joseph Lubin) совершал спекулятивные покупки в ходе проведения ICO, купив 9,5% монет, настаивает бывший участник проекта. Недавно его компания Consensys направила иск против регулятора, требуя помешать контролировать эфир как ценную бумагу. Стивен утверждает, что Любин провел встречу с бывшим сотрудником SEC Биллом Хинманом непосредственно перед знаменитой речью 2018 года о статусе эфира. В ходе выступления чиновник объявил, что эфир не является ценной бумагой. Бывший участник команды Ethereum уверен: скоординированные усилия сооснователей Эфириума были направлены на сокрытие истинной централизованной природы сети, что противоречит их заявлениям о децентрализации проекта. источник:https://ru.investing.com/news/cryptocurrency-news/article-2407869 ——————————————————— ОБМЕНЯТЬ  / ПОМОЩЬ  / БОНУСЫ  / ОТЗЫВЫ Стивен Нерайофф в треде из твитов постарался объяснить, что сеть Эфириума была централизованной с момента создания, поэтому ETH можно назвать инвестиционным контрактом. Сооснователь Эфириума Джозеф Любин (Joseph Lubin) совершал спекулятивные покупки в ходе проведения ICO, купив 9,5% монет, настаивает бывший участник проекта. Недавно его компания Consensys направила иск против регулятора, требуя помешать контролировать эфир как ценную бумагу. Стивен утверждает, что Любин провел встречу с бывшим сотрудником SEC Биллом Хинманом непосредственно перед знаменитой речью 2018 года о статусе эфира. В ходе выступления чиновник объявил, что эфир не является ценной бумагой. Бывший участник команды Ethereum уверен: скоординированные усилия сооснователей Эфириума были направлены на сокрытие истинной централизованной природы сети, что противоречит их заявлениям о децентрализации проекта. источник:https://ru.investing.com/news/cryptocurrency-news/article-2407869
    • Наш обменник добавлен в мониторинг Wellcrypto.io будем рады долгому и взаимовыгодному сотрудничеству. https://wellcrypto.io/ru/exchangers/aztor/
    • Мы рады объявить, что поддерживаем PENDLE на нашей платформе!   Pendle - это криптовалюта, позволяющая пользователям торговать токенизированным будущим доходом в сетях Ethereum и Avalanche. Она предлагает новый финансовый инструмент, разделяя доход от владения основным активом, что увеличивает гибкость и спекулятивные возможности в DeFi.   Обменивайте PENDLE по лучшим курсам на: easybit.com/ru 👈  
    • We are excited to announce that we support PENDLE on our platform!   Pendle is a cryptocurrency that allows users to trade tokenized future yield on Ethereum and Avalanche networks. It offers a novel financial primitive by enabling the separation of yield from the ownership of the underlying asset, enhancing flexibility and speculative opportunities in DeFi.   Exchange PENDLE at the best rates at: easybit.com 👈  
    • 📢Now all SpaceXpanse communication channels 📲 are updated according to the new roadmap info! 🥳 So brace yourselves for some high G's coming your way pretty soon.. 🚀🤩  
    • FinchPay is a crypto on-ramp and off-ramp service, which lets users purchase and sell cryptocurrencies with fiat currencies. Users can choose between the following payment methods: Visa and MasterCard bank card and multiple alternative payment methods for different GEOs. The list of crypto assets for purchase and sale is always expanding, and now we support all main cryptocurrencies, such as BTC, ETH, USDT etc. FinchPay provides full disclosure on the exchange rates and the service fee, making the terms of transactions fully transparent. FinchPay is a flagship product by Vilnius-based UAB Finch Technologies. The company is registered as a Virtual Asset Service Provider in accordance with Lithuanian and EU regulations. The customer registration and AML/KYC verification is a one-time procedure which only takes a few minutes. The global FinchPay platform is available in more than 100 countries. For business clients, FinchPay offers B2B and B2B2C solutions and provides their partners with API for integration of their gateway into various crypto and financial products. 24/7 customer support service and refined transaction flow ensure optimal user experience even for first-timers. Both retail and corporate clients will enjoy the reliability, convenience, and simplicity of FinchPay. Customers about us Trustpilot: https://uk.trustpilot.com/review/finchpay.io How to reach us? FinchPay official website: https://finchpay.io Telegram: @finchpay_sales Email: sales@finchpay.io  LinkedIn: https://www.linkedin.com/company/finchpay/
    • Forex and Cryptocurrency Forecast for April 29 - May 3, 2024 EUR/USD: Inflation Persists, US GDP Growth Slows   The US economy remains the most powerful on the planet. Moreover, its share of global GDP has reached a nearly two-decade high of 26.3%. According to the IMF, from 2018, the European Union's share decreased by 1.4%, Japan's by 2.1%, while the United States increased by 2.3%. China's GDP is 64% of the American figure, down from 67% five years ago. As a result, the dollar remains the undisputed leader among G10 currencies, with no contenders for its throne in the foreseeable future. The strength of the national economy, coupled with a robust labour market, allows the Federal Reserve to focus on combating inflation, aiming to reduce it to the target 2.0%. According to Jerome Powell, head of the US Central Bank, easing monetary policy under current conditions would have far more negative consequences for the economy than maintaining it tight over a long period. Against this backdrop, the likelihood of a dollar interest rate cut at the Fed's June meeting, according to the FedWatch Tool, fell to 15%. Market participants believe that, at best, a decision to change the current policy may be taken in September. Some economists, including analysts from Morgan Stanley and Societe Generale, even suggest that the Fed may delay the first rate cut until early 2025. Such forecasts led to the US currency rising to five-month highs in mid-April against the euro, British pound, Australian, and New Zealand dollars, with USD/JPY once again reaching a 34-year price record and the DXY index climbing to 106.42.   However, that was in mid-April. For the last ten days of the month, the DXY was under bearish pressure, pushing EUR/USD upward. Jerome Powell stated that decisions on rate cuts are not made in advance but depend entirely on macroeconomic statistics. The statistics released in the last few days looked ambiguous, causing doubts that the US economy could maintain its previous positive dynamics. Tuesday's statistics on April 23, regarding US business activity and core durable goods orders, disappointed investors. Preliminary data from S&P Global showed that the Business Activity Index (PMI) in the US services sector unexpectedly fell from 51.7 to 50.9 points. The manufacturing sector's indicators were even worse, where the PMI crossed the threshold, separating progress from regression. In April, this indicator fell from 51.9 to 49.9 (forecast 52.0). These data alone are not as significant as labor market or inflation reports, but two days later, on April 25, they were supplemented by equally disappointing US GDP data. The preliminary estimate showed that US economic growth in Q1 was only 1.6%, lower than the forecast 2.5% and previous 3.4%. Compared to the same quarter in 2023, GDP growth decreased from 3.1% to 3.0%. Against this backdrop, the DXY, and with it EUR/USD, underwent a correction, with the pair rising to 1.0752.     It should be recalled that the US inflation data released on April 10 showed that the Consumer Price Index (CPI) reached 3.5% year-on-year, the highest in six months. On Friday, April 26, the Bureau of Economic Analysis reported that inflation measured by the change in the Personal Consumption Expenditures (PCE) Price Index in March rose to 2.7% (year-on-year). The core PCE, which excludes volatile food and energy prices, instead of the expected decrease to 2.6%, remained at the previous level of 2.8%. Thus, on the one hand, we see that inflation is resistant and does not want to go down, and on the other hand, we observe a slowdown in GDP growth.   According to our forecasts, faced with such a crossroads, the Fed will still not deviate from its previous path and will choose to fight price growth. Moreover, the decrease in GDP in Q1 should not overly alarm the regulator, as the US economy had been expanding at 2% and more for seven consecutive quarters, despite the aggressively tight monetary policy of the Fed. Moreover, recent labor market data looks very positive. The number of initial unemployment claims decreased from 212K to 207K (forecast 214K) – a minimum since February.   On Tuesday, April 23, the same day as in the US, preliminary data on business activity came out from the other side of the Atlantic. In Germany, the Manufacturing PMI rose from 41.9 to 42.2, and in the services sector – from 50.1 to 53.3, the Composite Index – from 47.7 to 50.5. Regarding the Eurozone as a whole, a positive dynamic was also noted. Thus, the Business Activity Index in the services sector rose from 51.5 to 52.9 points, the Composite Index from 50.3 to 51.4. The exception was the Manufacturing PMI (a decrease from 46.1 to 45.6). As for forecasts about the start of easing monetary policy by the European Central Bank, the emphasis is still on June. This was once again confirmed by the president of the German Bundesbank and a member of the ECB's Governing Council, Joachim Nagel, who stated on April 24 that a rate cut in June does not necessarily imply a series of rate cuts. In other words, in June – yes, there will be a cut, what happens next – is still unknown.   All of the above indicates that the fundamental indicators are still on the side of the dollar. The EUR/USD correction is likely to be limited and will not be powerful or prolonged. Last week, the pair closed at 1.0692. According to economists from the Singapore-based United Overseas Bank, it is unlikely to have the strength to break through the resistance at 1.0765. As for the forecast for the near future, as of the evening of April 26, 50% of experts expect the dollar to strengthen, 35% – its weakening, the remaining 15% maintained neutrality. Among the trend indicators on D1, 65% are on the side of the bears, 35% – are coloured green. Among the oscillators, a third are on the side of the bears, a third – on the side of the greens, and a third – are painted in neutral gray. The nearest support for the pair is located in the zone of 1.0680, then 1.0600-1.0620, 1.0560, 1.0495-1.0515, 1.0450, 1.0375, 1.0255, 1.0130, 1.0000. Resistance zones are located in the areas of 1.0710-1.0725, 1.0740-1.0750, 1.0795-1.0805, 1.0865, 1.0895-1.0925, 1.0965-1.0980, 1.1015, 1.1050, 1.1100-1.1140.    The coming week promises to be quite turbulent and volatile as it is filled with various important events. On Monday, April 29, preliminary data on consumer inflation (CPI) in Germany will be released. The next day, another batch of German statistics will be released, including GDP and retail sales figures. On the same day, we will learn the preliminary volume of GDP and the level of inflation in the Eurozone as a whole. On Wednesday, May 1, Germany and many other EU countries will have a holiday – Labor Day. However, the United States will continue to work on this day. First, the ADP report on employment levels in the private sector of the country and indicators of business activity in the manufacturing sector will be published. The most important event will undoubtedly be the meeting of the FOMC (Federal Open Market Committee) of the US Federal Reserve on Wednesday, May 1, and the subsequent press conference of the management of this regulator. In addition, on Friday, May 3, we traditionally await another batch of very important statistics from the American labor market, including the unemployment rate and the number of new jobs created outside the agricultural sector (NFP), as well as revised data on business activity (PMI) in the US services sector.   GBP/USD: US PCE Hindered the Strengthening of the Pound   The preliminary statistics on business activity in the United Kingdom released on Tuesday, April 23, were mixed. The PMI in the manufacturing sector of the country crossed from above to below the growth/fall boundary, and with a forecast and previous value of 50.3 points, it actually fell to 48.7. In the UK services sector, on the other hand, there was growth in April – the indicator rose from 53.1 to 54.9 (market expectations 53.0). As a result, the Composite PMI reached 54.0 (52.8 a month earlier). However, all these figures did not attract much attention from investors.   On April 22, GBP/USD fell to 1.2300. The bulls on the pair took advantage of the dollar's overbought condition to return it to the lower boundary of the medium-term corridor of 1.2500-1.2800 in which it had been moving since the end of November last year. However, they did not have enough strength to consolidate within the corridor. The two-week maximum was recorded at 1.2540, after which, pushed by US PCE, the pair went down again and ended the five-day period at 1.2492.   According to specialists from United Overseas Bank, as long as the support at 1.2420 is not broken, there is still a possibility of the pound breaking through the 1.2530 mark. The next resistance, according to them, is at 1.2580. The median forecast of analysts regarding the behaviour of GBP/USD in the near future looks maximally uncertain: 20% voted for the movement of the pair to the south, the same amount – to the north, and the majority (60%) simply shrugged their shoulders. As for technical analysis, the trend indicators on D1 point south 65% and 35% look north. Among the oscillators, the picture is mixed: 25% recommend selling, 25% – buying, and 50% are in the neutral zone. In case of further decline of the pair, it will encounter support levels and zones at 1.2450, 1.2400-1.2420, 1.2300-1.2330, 1.2185-1.2210, 1.2110, 1.2035-1.2070, 1.1960, and 1.1840. In case of growth, the pair will encounter resistance at levels 1.2530-1.2540, 1.2575-1.2610, 1.2695-1.2710, 1.2755-1.2775, 1.2800-1.2820, 1.2885-1.2900.   No significant statistics on the state of the UK economy are planned for the week.   USD/JPY: Reached the Moon, Next Target – Mars?     We called the previous review "Higher and Higher". Now, it is worth asking at what altitude will this flight into space end? When will the Bank of Japan (BoJ) finally decide on a radical change in its monetary policy?   At the meeting on April 26, the members of the Japanese Central Bank unanimously decided to keep the key interest rate at the previous level of 0.0-0.1%. Moreover, the regulator removed from the statement the reference that it is currently buying JGB bonds for about 6 trillion yen per month. The statement after the meeting states that "the prospects for the development of the economy and prices in Japan are extremely uncertain," "if inflation rises, the Bank of Japan will likely change the degree of easing of monetary policy," however, "it is expected that the eased monetary policy will be maintained for some time."   The market predictably reacted to such decisions of the Japanese Central Bank with another Japanese candle on the chart of the USD/JPY pair. The maximum was recorded at 158.35, which corresponds to the peak values of 1990. There were no currency interventions to save the national currency, which many market participants feared. Recall that strategists from the Dutch Rabobank called the level of 155.00 critical for the start of such interventions by the Ministry of Finance of Japan. The same mark was called by 16 out of 21 economists surveyed by Reuters. The rest predicted such actions at levels of 156.00 (2 respondents), 157.00 (1), and 158.00 (2). USD/JPY has long exceeded the levels at which the intervention took place in October 2022 and where the market turned around about a year later. It now seems that 158.00 is not the limit. Perhaps it is worth raising the forecast bar to 160.00? Or immediately to 200.00?   USD/JPY ended the past week at 158.32. The forecast of analysts regarding the near future of the pair looks as follows: fear of currency interventions still prevails over 60% of them, while the remaining 40% are waiting for the continuation of the flight to Mars. Technical analysis tools clearly have no concerns about interventions. Therefore, all 100% of trend indicators and oscillators on D1 point north, although a third of the latter are in the overbought zone. The nearest support level is located in the area of 156.25, then 153.90-154.30, 153.10, 151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. And it is practically impossible to determine resistance levels. We only note the reversal maximum of April 1990, 160.30, although this target is quite conditional.   No significant events regarding the state of the Japanese economy are expected in the coming week. Moreover, traders should keep in mind that Monday and Friday in Japan are holidays: April 29, the country celebrates the birthday of Hirohito (Emperor Showa), May 3 – Constitution Day.   CRYPTOCURRENCIES: Where Will Bitcoin Fall?   As expected, the fourth halving took place in the bitcoin network at block #840000 on April 20. The reward for finding a block was reduced from 6.25 BTC to 3.125 BTC. Recall that halving is a halving of the reward size for miners for adding a new block to the bitcoin blockchain. This event is embedded in the code of the first cryptocurrency and occurs every 210,000 blocks – until the moment when the mining of 21 million coins (presumably in 2040) ends the emission of cryptocurrency. It should be noted that the fourth halving will provide for the mining of approximately 95% of the entire bitcoin emission, about 99% of all coins will be mined by 2033-2036. Then, the emission will gradually move towards zero.   In the previous review, we promised to tell how the market would react to this important event. We promised – we report: the market reaction is close to zero. For several days after the halving, there was no growth in volatility. The price of bitcoin slowly and lazily moved first upward, reaching $67,269 on April 23, and then returned to where it began its weekly journey: to the $64,000 zone. It seems that market participants froze in anticipation of who would be the first to start buying or, conversely, selling the main cryptocurrency massively.   According to experts from Bitfinex, the post-halving supply restriction stabilizes the price of the first cryptocurrency and may contribute to its growth. "The reduction in the pace of bitcoin issuance after halving, which will amount to $30-40 million per day, contrasts sharply with the daily net inflow of $150 million into spot ETFs. This emphasizes a significant demand and supply imbalance, which may contribute to further price growth," stated the Bitfinex report.   However, analysts from QCP Capital believe that bitcoin optimists will have to wait at least two months before assessing the effect of the past fourth halving. "The spot price grew exponentially only 50-100 days after each of the three previous halvings. If this pattern repeats this time, bitcoin bulls still have weeks to create a larger long position," their report stated.   Anthony Pompliano, the founder of the venture company Pomp Investments, believes that within 12-18 months, the coin is expected to grow to $100,000, with chances of reaching $150,000-200,000. However, before moving to a bull rally, BTC/USD, in his opinion, is waiting for a correction down. At the same time, Pompliano believes that the price will not fall below $50,000. "I think we have already crossed this Rubicon," – he wrote.   The possible upcoming decline of the main cryptocurrency is probably a topic currently much more discussed than its subsequent growth. Many agree that bitcoin coins will appreciate in the long term. But how will quotes behave in the more foreseeable future? Fidelity Digital Assets, the leading issuer of one of the spot BTC ETFs, has already revised its medium-term forecast for bitcoin from positive to neutral. The reason for abandoning optimistic sentiments is several worrying trends in the crypto market. Fidelity analysts noted the growing interest in selling from long-term hodlers. Among them, there is currently a large percentage of profitable addresses, as noted in the company's report. This means that holders may want to lock in profits and start selling BTC. On the other hand, on-chain data indicates that small investors, on the contrary, continue to accumulate the first cryptocurrency. Since the beginning of the year, the number of addresses on which BTC is stored for at least $1,000 has increased by 20% and reached a new historical maximum. "Such a trend may indicate the growing dissemination of bitcoin and its acceptance among 'average' users," – Fidelity noted.   Specialists from CryptoQuant examined the SOPR indicator readings for these categories of investors and made conclusions similar to those of their colleagues from Fidelity. Investments in Bitcoin by "new" whales (owners of coins "aged" less than 155 days) almost doubled the indicator of "old" large players (more than 155 days). At the same time, the increased value of the metric showed that the profits of the "old" hodlers significantly exceed the indicators of the "newcomers". And if the "old-timers" move to fix profits, this may lead to the formation of price peaks. An analysis of the current picture, according to CEO of CryptoQuant Ki Young Ju, also speaks of the need to exercise caution in anticipation of possible corrections and increased volatility.   Recall that earlier, specialists from JPMorgan noted that digital gold is in a state of overbought. And co-founder of CMCC Crest Willy Woo noted that if the price of the first cryptocurrency falls below the support level of short-term holders at $58,900, the market risks moving into a bearish phase.   As of the evening of Friday, April 26, the BTC/USD pair is trading in the region of $63,950. The total capitalization of the crypto market is $2.36 trillion ($2.32 trillion a week ago). The Bitcoin Fear & Greed Index remained in the Greed zone, although it rose from 66 to 70 points.   Finally, in conclusion of the review, our long-forgotten crypto-life-hacks column. It turns out that in order to become a crypto millionaire, it is enough to have a marker and a piece of paper. The possibility of such a way of enrichment was proven by Christian Langlois, also known as Bitcoin Sign Guy. This guy made headlines in many news outlets after showing a notebook sheet with the inscription "Buy Bitcoin" behind the back of the Chair of the Federal Reserve System Janet Yellen. At that moment, the head of the Fed was giving testimony about the state of the US economy. This image instantly spread across the network and became one of the symbols of the emerging crypto industry.   For his misdemeanour, the 22-year-old intern Langlois was disgracefully expelled from the hearings. But after this episode was shown on television, enthusiasts sent 7 BTC to his crypto wallet to thank the guy for his bold move. Four years ago, Christian sold 21 copies of the "cult" sheet at an average price of 0.8 BTC, earning another 16.8 BTC. Thus, his total earnings reached 23.8 BTC, which is more than $1.5 million at the current exchange rate. And a few weeks ago, Langlois was offered another 5 bitcoins for the original, but he refused to sell the sheet. Nevertheless, Christian liked the idea of further monetizing the self-created object of "artistic and historical heritage", and he decided to sell it at an auction, directing the proceeds to finance his startup Tirrel Corp. On April 25, 2024, the auction house Scarce.City reported that the lot, which became a popular meme, was sold for 16 BTC (more than $1 million). 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/ 
×
×
  • Create New...