Somehow found this pattern oddly similar to the November pump. and looking back, its building up to something. ;)
delisting - a lot of shorts - appearing a big longs become a short liquidations :)
American Express is since decades Warren Buffett Darling. AXP last years with increasing fees and solid growth spent wonderfull earnings to the shareholders, even solid dividends. But during the last years, credit defaults increased rapidly. From quarter to quarter they increased accounting provisions. st. louis Fed statistic also very interesting. Small banks in Us with huge defaults, meantime by 7%. Highest value since 1991, even higher than 2008… So as a matter of fact, consumer sentiment also negativ. For 2025 expect recession and further increasing of defaults. Expext for axp sharp slump in earnings.
I mean look at this. The lost support line of the rising wedge pattern and all the struggle for breaking it. with RSI on 80 and a bearish divergence. Yeah Bitcoin can reach 200K but who knows what will happen after that. DYOR
VARAUSD dropped a massive 85% after initial pump when listed on Coinbase. We will mark this bottom as correlation point 1 even though as I will demonstrate the market for VARA is out of balance and is due a significant pump. On the left VARA percentages are shown. On the right MATIC percentages are shown. In march notice that from the correlated high (not the ultimate high) from march until November VARA dropped 88%. In the same time period MATIC dropped a significant 78%. This leaves VARA at this point a negative 11% The pump TRUMP PUMP that started in november delivered a 154% pump for VARA and a 163% pump for MATIC a difference of negative 11% roughly. Currently, VARA remains 10% negative to MATIC. This is not the result of VARA being a less favorable buy but rather that due to it's low market cap movements are exagerated and wild. In this regard the Market owes VARA approximately 10% to 20% upward movement which will come unless VARA pulls MATIC down to an equivalent level. With regards to correlation, both assets pull upon each other like the moon and the earth pull upon each other. One is bigger and has more impact on the other but ultimately persistance of the lesser or smaller asset can aggressively pull the other down especially when very large market moving INDEXES such as DXY and BTC have substantial negative moves. Currently today at close last night, DXY and USDX closed high again hitting a very heavy resistance zone. This is bullish for BTC which is why between today and Tuesday we could see BTC move up again. This along with negative movement in the FX currency markets our altcoin and risk assets could finally see a little bit of light since we several markets have come to a head and a decision point. I am not a financial advisor, stay safe my friends.
MEXC:VIRTUALUSDT BINANCE:VIRTUALUSDT.P KUCOIN:VIRTUALUSDT Hello Monstralians, This is my full analysis of GATEIO:VIRTUALUSDT : Fundamental analysis: - Very strong project with many applications - 100% of coins available for trading - Limited max supply - Growing community : users - developpers - investors The market cap went from $90M to $3.3B . The buying orders continues as the investors believe in the strong future of this project. We can notice that despite the recent crypto market decrease, the price still holding. This means the buying orders still in (this should be crossed with TA in the following part). Technical analysis : The coin went from $0.05 to $3.6 in 8 months. But the coin have experienced a first decrease of -85% during the cypto market correction between . This distribution is very important to keep in mind as it can characterize the coin behaviour during next bear markets. The coin is following a pattern of breaking each time the previous highs. But recently we can see that the dumps are more strong which means a certain exhaustion of the price. Expectations : I expect the coin to retest the price range of [ 2.7-3.0 ] dollars to take a good momentum for higher targets. This will be a good opportunity for short term traders to take some of good profits (15-20%) from new investors entering the market. For investment, I don't see it's the right time to buy. The reward can be big but for me the risk is very high (not suitable with my investing strategy). Happy trading !
Review GBPAUD - Bullish Move - Dec 29th 2024 . By: Atlas aka Noble.Mike.Jamison
OMG/USDT LONG TRADE SETUP;- Entry Price: Current Market Price And $0.32 Stop Loss (SL): $0.2950 Targets: Target 1: $0.39 Target 2: $0.4550 Target 3: $0.5145 Target 4: $0.5888 Target 5: $0.6375 Leverage Recommendation: 5x to 10x Let me know if you’d like further assistance or adjustments! DYOR. NFA
We all know bitcoin has the power to affect this entire market at large, and right now on the daily chart bitcoin is going to go one way or another with gusto very soon… And I gotta say the potential for a big sell off is certainly there - The daily chart does not look great to me. But that could change...If Bitcoin is going to go up, it needs to do it very soon. I believe we are at an inflection point right now. Here are some important lines to watch for some solid closes above or below in order to predict Bitcoin's next relatively large move.
? LucanInvestor’s Commands: ? Resistance: $433.50. A breakout clears the path to $440 and $445, fueled by potential bullish recovery. ? Support: $430.00. A breakdown exposes $425 and $420, signaling further weakness. ? LucanInvestor’s Strategy: ? Long: Above $433.50, aiming for $440 and $445. Watch for increasing volume to confirm the breakout. ? Short: Below $430.00, targeting $425 and $420. Strong bearish momentum favors this scenario. ? Microsoft’s MACD reflects ongoing bearish pressure, while the price hovers near critical EMA and Supertrend levels. Bulls must reclaim $433.50 to regain control, while bears can exploit the downside below $430.00. Volume remains key to validating either move. ? "Only those who act decisively at pivotal moments shape their financial destiny." — LucanInvestor