KRAKEN:XMRUSD Jan 13 2025 Major derisking happening due to * fed rate cut for federal funds rate (bank overnight lending) * affected the short term gov bonds (2 year) going down * however: the 10 year gov bond had no bid so its yield spiked * => major indicator for FIAT-debt ( or 'credit') D e v a l u a t i o n TL;DR: " I don't buy year debt bonds at 3%! I want at least 4% for this trash" -> as it happened in the US ---> as it will happen in the EU -----> as it will happen in the emerging markets (that are already rekt: brazil, turkey...) back to crypto: ??? KRAKEN:XMRUSD ??? Performing very strong against this de-risking event, where even Equities got a (hopefully only) small cut. Furthermore, it showing good signs against: * Dollar strengths * an ongoing De-Correlation against Equities, where as Bitcoin's BITSTAMP:BTCUSD correlation to the VANTAGE:SP500 is increasing Let me know what you think about it. Is Monero really 'the only' currency with actual value? Despite its problems and uncertainty?
NVDA has broken the uptrend on the regression break after a false breakout long. NAS100 in on a downtrend and 4 of the magnificent 7 are now in a downtrend.
The Tale of the Unbreakable Dickbutt Trendline Long ago, in the sacred lands of Degenville, the Legendary Dickbutt Trendline was born. Forged in the fires of pure meme energy and blessed by the ancient prophets of "Buy the Dip," this trendline became a beacon of hope for degens far and wide. They say it was first drawn by a mysterious trader known only as Sir GiggleSatoshi, who wielded a mouse of diamond hands and a ruler of infinite precision. Legend has it, every time the price approached the trendline, it was as if the universe itself conspired to bounce it back up—like a celestial butt slap of destiny. Many tried to break the line. Whales dumped. Bots attacked. Even the mighty candle of doom—the infamous red one—tried to pierce it. But the line stood firm, as unyielding as the memes that gave it life. One dark day, an evil hedge fund dared to short Dickbutt, mocking the trendline's power. They called it "just a meme." But as the price approached the line, a horde of loyal Dickbutt believers rallied, screaming, “NOT TODAY!” Armed with nothing but limit buys and bad financial decisions, they drove the price skyward, leaving the hedge fund in ruins. To this day, traders gather to worship the line, saying, “As long as the trendline holds, so too does our hope, our memes, and our moon bags.” It is said that breaking the line would bring about the Great Rugging, but no one dares to test it. The Dickbutt Trendline isn’t just a line—it’s a way of life. ??
The cryptocurrency market is bracing for a potentially volatile week as the US dollar reaches its highest point since the 2022 bear market. This surge in the dollar's strength has historically presented challenges for Bitcoin, and traders are closely monitoring several key factors that could influence BTC's price in the coming days. 1. The Dollar's Dominance The US dollar's resurgence is a critical factor for Bitcoin traders to consider. A strong dollar often exerts downward pressure on Bitcoin's price.2 This inverse relationship stems from Bitcoin's pricing in US dollars; when the dollar is strong, it takes fewer dollars to buy the same amount of Bitcoin, thus lowering the price. 2. Bitcoin's Price Risks Bitcoin's price has struggled to break free from the shackles of the bear market, and the strengthening dollar adds another layer of complexity. Traders are wary of potential downside risks, especially if the dollar continues its upward trajectory. The psychological barrier of $100k remains a key level to watch; a break below this could trigger further sell-offs. 3. Correlation with Traditional Markets Bitcoin's correlation with traditional markets, particularly the S&P 500, has been a recurring theme. As the dollar strengthens, it can also impact traditional markets, leading to a risk-off sentiment. This could further weigh on Bitcoin's price, as investors may seek safer assets like cash or bonds. 4. On-Chain Metrics While on-chain metrics provide valuable insights into Bitcoin's network activity, they may not offer immediate relief from the dollar's influence. Metrics such as exchange reserves, miner activity, and long-term holder behavior can indicate underlying strength or weakness in the Bitcoin market.3 However, these factors may take time to play out and may not immediately counteract the effects of a strong dollar. Conclusion The confluence of a strengthening US dollar and Bitcoin's existing price risks creates a challenging environment for traders. While the long-term outlook for Bitcoin remains positive, the short-term picture is clouded by uncertainty. Traders should exercise caution and closely monitor the factors outlined above to navigate the potential volatility in the Bitcoin market this week.
stop loss entry price defined after divergence in 15 minutes timeframe
We’re working off last week’s range. Typical Monday vibes today—hit the 1.02 level, took profit on the open trade, and printed a solid pin bar rejection. That’s a clear signal we could see some upside movement brewing. Still, the data’s thin right now, and this market isn’t ready to give up all its secrets. I’ll keep an eye on the New York session, but the real game starts at 5 p.m. No rush—patience is the play. Let the market show its hand. Follow me on TradingView for the complete walkthrough.
The market is currently testing the current Weekly area. Overall direction is to the downside based Weekly View. Based on Daily TF, the market seems to be forming a possible reversal pattern which could lead to a possible SHORT TERM BUYING OPPORTUNITY. We could see BUYERS coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
The H/S should take us down to low .80 cents region. It's likely that we dip further. Levels to watch will be every 5 cents down from 80. 75, 70, 65, 60
I'm looking for sells today on gold and might look for buys if my take profit gets hit
Current Resistance Zone: The price is currently testing a strong resistance zone around the $83 level. in the past, this level has been a turning point for price movements. Potential Reversal: The chart suggests a possible rejection from the resistance zone, with a projected short-term correction to approximately $78.82 . Key Levels: -Resistance: $82.75–$83.25. -Support: $78.82 (highlighted as target). Scenario: After testing the resistance zone, a pullback towards $78.82 is expected, aligning with previous price behavior. A confirmed break above $83 would invalidate this bearish outlook. Note: Always combine technical levels with broader market context and risk management.