Nvidia - Entering a bear market!Hello Traders and Investors, today I will take a look at Nvidia.
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Explanation of my video analysis:
For more than 6 years, Nvidia stock has been trading in a long term rising channel formation. We had the last retest of support in 2021 which was then followed by a +650% rally towards the upside. As we are speaking Nvidia stock is retesting the upper resistance of the channel and we might see a short term correction towards the downside to retest the previous all time high.
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Keep your long term vision,
Philip (BasicTrading)
Community ideas
The TradingView Digest - April 3rdHey there! Welcome back to the TradingView Weekly Digest. We are thrilled to announce the successful conclusion of our first-ever paper trading competition - The Leap ! With immense joy, we share that over 90,000 traders enthusiastically participated, executing a staggering 2,700,000 trades and securing an impressive $119 million in profits. Heartiest congratulations to all the winners, and our sincere gratitude to every participant for their overwhelming love and support.
In this edition, we’re excited to spotlight the top posts and ideas from our community. This includes an informative post on using stop-loss orders , a write-up on trading symmetrical triangle patterns , a hot script on volumes , and all the latest headlines , earnings , and economic events .
We hope you find this week's edition exciting and engaging. And don't forget to participate in our Bitcoin halving contest for a chance to win our exclusive T-shirt. Without further ado, let's dive right in! 😀
💡 How to Use Stop Loss Orders in Trading? - by TradingView
In trading, reducing risks is oftentimes all that matters to achieving success. One of the essential tools to protect your investments from steep or unexpected losses is the stop loss order. Understanding how to use stop loss orders can unlock your path to profitability by allowing you to balance your risk and reward ratio.
💡 A Comprehensive Guide to Fibonacci Retracements - by XForceGlobal
Fibonacci Retracements are a set of ratios defined by the mathematically important Fibonacci sequence. This allows traders to identify key levels of support and resistance for price action. The Fibonacci retracement tool, although widely used by many traders, is almost always not correctly used by new traders.
💡 Bitcoin Halving Contest: Time’s Ticking, But When’s It Kicking? - by TradingView
Buckle up, crypto enthusiasts! The Bitcoin Halving is on the horizon, and the countdown has begun. But here’s the twist - every Bitcoin clock out there is telling a different time for when block 840,000 will hit the scene. It’s like they’re all watching different episodes of the same thrilling show. 🍿
🔝 Top Stories
📰 Japan Manufacturers Sentiment Deteriorated for First Time in Four Quarters
📰 AMC Shares Drop 14% to Hover Near Record Lows After Filing to Sell $250M of Stock
📰 Reddit Stock Can’t Get Off the Volatility Train After Another Double-Digit Drop
📰 Bitcoin Halving Countdown: BTC Skyrockets to $71,000 Amidst Market Anticipation
📰 SEC May Delay Ethereum ETF Until December: Bitwise
💵 Earnings highlights from the previous week:
💲 McCormick (MKC) Q1 Earnings & Sales Top Estimates, Grow Y/Y
💲 GameStop Q4 Earnings Highlights: Retail Favorite Stock Plunges After Revenue, EPS Miss
💲 Compared to Estimates, Carnival (CCL) Q1 Earnings: A Look at Key Metrics
💲 Jefferies Financial Group Fiscal Q1 Earnings, Revenue Rise; Dividend Maintained
💲 Walgreens Sees Steep Loss After Major Write-Down of Clinic Operator VillageMD
💡 How To Trade A Symmetrical Triangle Break-Out - by TVM_MENA
A symmetrical triangle is a geometric formation found in technical analysis, often appearing during periods of market consolidation. It's characterized by converging trendlines, typically drawn by connecting a series of lower highs and higher lows. This pattern reflects a balance between buyers and sellers, signaling indecision in the market regarding the future price direction.
💡 Bitcoin Heading Below 20K is A Good Thing! - by WicktatorFX/
This one is a bit of a hack but follows on from my video on how to set 'Stop Losses' on TradingView for Connected Brokers. To set a trailing stop loss, you need to open your broker account, place the trade there, and it will then be reflected on the TradingView interface.
📆 Economic Calendar
⚡️ April 3rd (United States) — Fed Chair Powell Speech
⚡️ April 5th (Canada) — Unemployment Rate
⚡️ April 5th (United States) — Non Farm Payrolls
⚡️ April 5th (United States) — Unemployment Rate
🔥 What's New
✅ New launch: predict market activity with unerring accuracy
✅ Scan your watchlists in Stock, ETF, and Crypto Coins screeners
🌟 Script of the Week
📜 Periodic Activity Tracker - by LuxAlgo
This tool visualizes cumulative buy and sell volume for user-defined periods, offering insights into volume dynamics with customizable options.
💭 Our Weekly Thought:
“ Weak traders focus on results - Strong traders focus on process. ”
We hope you found this helpful. Please share your feedback, remarks, or suggestions with us in the comments below.
💖 TradingView Team
📣 Want to be among the first to know all the news? Give us a follow!
Unlock the Mysteries of Your Portfolio with a Tarot Twist!Hey traders, ready for a cosmic journey into your investments?
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Share your experience in the comments below! ⬇️⬇️⬇️
Last Leg To The Finish Line - UCHFHere I have USD/CHF on the Daily Chart!
Now we've been following USD/CHF since it created its NEW LOW back in Dec. '23.
This LOW I believe sparked the beginning of an Elliot Wave and currently we are looking at what seems to be a possible LAST LEG of this Impulse Move!
Price has currently created a HIGHER HIGH @ .90721, so we will be looking for Price to either:
1) Finish its BULLISH run to the Fib-Ext Ranged Target @ ( .91572 - .93426 )
-OR-
2) Look to make another Retracement to the ( .88726 - .88418 ) B/C Zone for another Potential Entry to surf the Wave the rest of the Way!
*RSI is showing we are currently Over-Bought, so this leads me to believe we could see price descend to our Zone.
Fundamentally-
-The BIG contributor to this scenario is with the SNB being the FIRST this year to cut their Interest Rates making the CHF look less attractive to investors
&
The FED holding rates gives the USD a Leg UP!
*Forecasters for Next Weeks News (Apr. 1 - Apr. 5) are leaning towards Bullish Outcomes so that could help feed the Bullish Mindset of traders for USD to start the new month off but ANYTHING can happen so BE MINDFUL OF NEWS!!
BITCOIN - Heading Below 20K...It's A Good Thing!We know this is an unpopular opinion BUT technically, Bitcoin is ripe for a move to the downside.
On the monthly chart, we can see that we've completed a major wave 1 impulse and now we're in a wave 2 correction. We're looking for one more move down to complete this wave 2.
See monthly chart below:
It looks as if we're making a 535 correction and therefore, we believe we'll be moving towards the 20k region to complete wave C.
Please note that we are still bullish on Bitcoin, as well as Crypto. We're looking for any buying opportunities to hold for the long term!
We'll be loading up for the long term anywhere below 20k region.
What do you guys think?
Goodluck and as always, trade safe!
See our previous setups below:
Live stream - Step into the heart of real-time action with our lBe part of the action at 9:15 AM! We achieved our goal 85.11% of 2023 in the first 30 minutes from the market open. Dive in and seize the opportunity! Join our live trading session where we'll trade in the live stream until we reach our goal!
Bitcoin Halving Contest: Time’s Ticking, But When’s It Kicking?Buckle up, crypto enthusiasts! The Bitcoin Halving is on the horizon, and the countdown has begun. But here’s the twist - every Bitcoin clock out there is telling a different time for when block 840,000 will hit the scene. It’s like they’re all watching different episodes of the same thrilling show. 🍿
So, what’s the real deal? When will the Bitcoin magic happen? That, my friends, is where you come in. We’re rolling out the red carpet for your predictions. 🌟 Dust off your crystal balls and tell us the exact date and time (down to the second, UTC style) when you think the halving will unfold.
But here’s the game rule that adds a twist - only your first submission counts . Think of it as your opening move in a game of high-stakes chess. Make it count, because there are no do-overs. 🕰️✨
Here’s the kicker: only the predictions submitted before April 12th, at the stroke of midnight UTC , will enter the arena. Sharpen those pencils and mark your calendars. 📅✏️
The stakes? High. The reward? Higher. The five wizards closest to the halving moment will snag an exclusive TradingView T-shirt , a trophy of honor in the world of market experts. 👕🏆
Get set, predict, and may the odds be ever in your favor! Remember, it’s not just about guessing; it’s about being part of a moment that defines the future of finance. Let’s light up the charts with our collective predictions and watch as the Bitcoin saga unfolds.
Ready, set, predict! ⬇️
🚀 this idea and drop your prediction in the comments below! Good luck! 🍀
NIKKEI-225 Analysis Indicates Possibility of CorrectionNIKKEI-225 Analysis Indicates Possibility of Correction from Historically High Levels
On March 21, the value of the Japanese stock index reached a historical maximum, exceeding the level of 41,100 points. This was facilitated by:
→ Weak yen supporting exporters. It increases the value of profits earned abroad for a large number of companies that sell their products abroad and then convert the profits into yen.
→ Demand for shares of Japanese companies paying dividends. For example, shares of air conditioner manufacturer Daikin Industries rose by 2.82%.
At the same time, the NIKKEI-225 chart signals indicate the likelihood of a correction, since:
→ The price is near the upper border of the ascending channel, from which resistance can be expected.
→ Based on the results of trading in the Asian session, a long upper shadow is forming on today’s candle – a sign of selling pressure (as shown by the arrow). It seems that the price of NIKKEI-225 is difficult to stay above the level of 41,000.
If the Japanese stock market follows a correction scenario, the price of NIKKEI-225 may be supported by:
→ the lower boundary of a steeper ascending channel (shown in purple), which runs in the area of the Fibonacci level = 50% of the A→B impulse;
→ psychological level of 40,000.
Bearish sentiment for NIKKEI-225 could be triggered by decisions from the Bank of Japan and the Ministry of Finance, which are concerned about the weakness of the yen — the USD/JPY rate is today near a 34-year low.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Microsoft Might Have Done This BeforeMicrosoft has been rallying since October, and now a recurring pattern may be present again.
This chart highlights bullish breakouts by the software giant in October and January.
First you have tight consolidation against support. MSFT first held the October 13 closing price of $327.73, followed by the December 4 closing price of $369.14.
In both cases falling trend lines appeared along the closing highs. Notice how MSFT rallied after breaking those short-term resistance patterns.
Next, the lower study includes our 2 MA Ratio custom script. It plots the ratio of the 8-day exponential moving average (EMA) versus the 21-day EMA. Consider how the ratios turned positive before each advance.
Fast forward to March 2024 and similarities are potentially visible. MSFT has mostly remained above the February 20 close of $402.79 and prices are back above a falling trendline. The ratio of the 8-day and 21-day EMAs is also turning up.
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bullish scenario of the second wave of the sideways correction pDear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it.
I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision.
I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily.
I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him.
Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me.
I hope my analysis will be useful to you in your business journey, and I wish you all the best.
Sincerely,
Mr. Nobody
ETH HAS BEEN SERVED BY THE SEC! GOOD BYE ETHEREUM!ETH HAS BEEN SERVED BY THE SEC! GOOD BYE ETHEREUM!
Hello everyone. Just as I thought something big was going to happen well here it is. SEC is going after Ethereum. A lawsuit by the SEC has possibly already been filed. If you need a better explanation please watch the video by Bitcoin University on youtube that just came out, he explains it fully and why he believes they have already been served already has 20k views. This would be a perfect catalyst to make ETH drop to way low prices over the next many years during the lawsuit. Look what happened to XRP and multiply that x10.
Oh boy this is going to be epic. Once ETH loses and is deemed a security because it simply is theres no way around it. ETH is going to TANK mark my words people. I called this years ago. I knew this would happen but I was called crazy. We'll see who the crazy one is at the end of this. Do you realize how much money the SEC is about to make. This is why Bitcoin, Litecoin and a couple others are going to go to such crazy numbers no one would ever imagine. The whole shltcoin market is about to drain into the real decentralized crypto commodities.
THE ONLY NON SECURITIES IN ALL OF CRYPTO RIGHT NOW IS BITCOIN, LITECOIN, DOGE, AND BITCOIN CASH.
There may be others like Feathercoin, or Namecoin from the early days but they are dead chains.
Isn't it funny how Charlie Lee stepped down from Litecoin just at the right time right before securities regulations? I Hmm and Digibyte founder Jared Tate just did the same thing, hmmm? All these decentralized mined cryptocurrencies from the early days that all these people called dinosaurs could actually rise up again and become the top 5? No way right? Wrong its happening but most of you were too blind to see it. Maybe youll see it now or maybe you learn lessons the hard way and you lose all your money.
Once this thing starts to fall its going to be a waterfall youll never get out of your staking in time.
If ETH is a security then SOLANA is BNB all of them, its all over for all these shlt coin scams like DogWifShlt and all the other trash all these fools are buying. Coinmarketcap will be half of one page you'll see. The rest will be archived for future reference and so people can have a good laugh at what people actually invested in! Dont be a fool and hold to zero, I would get to the exits and into something safe ASAP or you may gut stuck in the burning building cause the exits are jammed. Im not biased I just know whats coming and I dont want to see you all lose money, I hate it when people lose money.
Not financial advice just my opinion!
The Marathon Continues: $MARASince our initial investment in Marathon Digital Holdings NASDAQ:MARA in early October 2023 at $7.31, the landscape has dramatically transformed, propelling Mara to a striking $33.77. However, the journey hasn't been devoid of challenges, notably the three-month sideways movement troubling the stock and a pervasive sense of FUD (Fear, Uncertainty, Doubt) among later entrants lacking substantial unrealized gains. This period has ignited queries regarding Marathon's performance divergence from Bitcoin, especially when contrasted with entities like Microstrategy NASDAQ:MSTR , which leverages Bitcoin's movements more directly.
The Short Squeeze Anticipation Amidst a Bull Market
A critical aspect influencing Mara's trajectory is the significant short interest, temporarily curtailing its ascent. However, the notion that short sellers could thrive unscathed in a bull market is quickly dispelled when considering the potential for a short squeeze. Market makers are poised on the edge of their seats, anticipating the revelry as Bitcoin aims for the $80-100k mark, setting the stage for a triumphant rally.
The Path to Parabolic Growth
Expectations are set high with a projected parabolic surge leading to an intermediate target of $84, following a minor correction. The ultimate aspiration harks back to the inaugural high of $234 in 2012, a benchmark set at the dawn of Marathon's journey. While this target appears ambitious from the current vantage point, the culmination of a parabolic trend's force could make it a tangible reality. As always, this ideal scenario warrants meticulous analysis at each juncture, with adjustments made as necessary.
Technological Innovations Paving the Way
An unforeseen variable in many analysts' projections is the technological advancements driving Marathon forward. The recent announcement of the MARA 2PIC700 cooling system for Bitcoin mining rigs marks a significant milestone, underscoring Marathon's commitment to innovation in both software and hardware domains. This development not only enhances the operational efficiency of Bitcoin mining activities but also positions Marathon as a frontrunner in adopting and advancing technology within the crypto-mining industry.
Here is a YouTube video of the new cooling system:
www.youtube.com
In summary, Marathon Digital Holdings presents a compelling narrative of growth, innovation, and resilience. With a keen eye on Bitcoin's trajectory, technological advancements, and the broader market dynamics, Marathon is poised for significant movements. Investors and observers alike should stay attuned for updates, as the journey of Marathon Digital Holdings unfolds in fascinating and potentially lucrative ways.
Engage with these insights by liking the post, sharing it, subscribing to our given resources, and participating in the ChartScope community! Remember, everything here is custom-made for maximum engagement and, as always, should not be taken as financial advice. Be a part of the future–track and decode volatile market dynamics with us
Live stream - SNB Surprizes, BoE Doesn’t. Gold Makes A U-Turn - Nikkei225, China50, ASX200, DJIA, S&P500, Nasdaq100, DAX40, FTSE100, DXY, Gold, Silver, Copper, WTI Oil, NatGas, Bitcoin, BitcoinCash, Ethereum, Litecoin, Ripple, AUDUSD, AUDJPY, NZDCHF, CHFJPY, USDJPY, USDCAD, USDCHF, GBPJPY, GBPUSD, EURCAD, EURUSD
Reddit Braves Wall Street with 48% Pop in Debut. When Growth?Traders upvoted Reddit’s IPO but can the buzzing social media platform earn its stripes as a public company now?
Table of Contents:
⦿ Reddit Surges in Public Market Kickoff
⦿ If Wall Street Bought, Should You?
⦿ Reddit Stacked Up Against Rivals
⦿ Ad Posts Looking Like User Posts?
⦿ Bottom Line
📍 Reddit Surges in Public Market Kickoff
Reddit (ticker: RDDT ) stepped into the public-market space this week with a flashy and splashy IPO (initial public offering) in New York that chalked up a 48% gain on its debut day. The listing was met with lots of cheer from Wall Street as it was the biggest one for a social media company since Pinterest hit exchanges in 2019.
Shares of Reddit surged to $47 out of the gate to make its first deals at a 38% premium to the company’s IPO price of $34 a share. Valuation soared to $9.5 billion by the end of the session when shares closed at just over $50 a pop.
Reddit’s listing day with the Snoo—the website’s official mascot. Source: Reddit.
By the looks of it, investors upvoted Reddit—a chat-room powerhouse and a stalwart of community-based culture venues sprawling from cat-praising r/CatsInSinks and owl-loving r/Superbowl to the intimidating trading hub r/wallstreetbets that bankrupted GameStop short-seller Melvin Capital.
📍 If Wall Street Bought, Should You?
So the question is, if Wall Street scooped up Reddit shares… should you?
Let’s take a behind-the-curtain look at Reddit’s business model.
It’s been three years of trying for Reddit to get listed on the New York Stock Exchange. Finally, it issued 22 million shares for flotation, of which 8%—or 1.8 million—were reserved for friends, family and volunteer moderators. Those are unpaid users who make sure all the online communities are running smoothly. And they are also the content creators, because—unlike Netflix (ticker: NFLX ) or Spotify (ticker: SPOT )—Reddit doesn’t pay for its content.
The platform boasts roughly 73 million daily active users spread across 100,000 online chat rooms, or “subreddits.” Despite the wide reach and 19 years of existence, the platform has never seen what a profitable year looks like.
Its revenue comes predominantly from selling ads to companies who paid $804 million last year while the bottom line arrived at a $91 million loss. The revenue figure was a 20% increase from the $668 million picked up in 2022.
📍 Reddit Stacked Up Against Rivals
And while revenue growth can be seen along the years, investors are betting that Reddit will ultimately catch up to the big shots in the social-media space. When Meta (ticker: META ), formerly Facebook, kicked off its public endeavors in 2012, it soaked up a market value of $104 billion and raised $ $16 billion for its IPO. Elon Musk’s X Corp, formerly Twitter, landed its first public deals at a $14 billion valuation, having raised $1.8 billion. In comparison, Reddit raised $748 million at an IPO valuation of $6.4 billion.
Reddit carries the lowest valuation at IPO among social media peers.
📍 Ad Posts Looking Like User Posts?
Against that backdrop, Reddit is taking a sketchy approach to bolstering its ad sales. Apparently, the folks at the upper echelons of the company decided it’s a good idea to make ad posts look exactly like user posts . The so-called “free form ads”, the company said, will mimic the popular user post type “megathread” and will “encourage users to deep dive into the topic at hand.”
The community, on the other hand, didn’t show much love to that new advertising strategy. “Enable comments on ads, you cowards,” said one Reddit user while related threads were loaded with users’ comments of disapproval.
📍 Bottom Line
And there you have it, 19 years of posts, 100,000 subreddits, and 73 million users who churn out all the content and self-sustain operations. Reddit gave us the meme stock craze back in 2021. Is it going to give us a rerun of the stock frenzy with its own shares this time? Or will the folks at r/wallstreetbets flip the script and short it?
💬 Let us know your thoughts in the comment section below!
Don't want to miss any of our articles and be notified when a new one is released? Give us a follow!
Explosion in the price of live cattleThis commodity has been trending since 2020, and recently made a new high just after a moderate pullback.
It is going up in a straight line, currently hovering around resistance/support, the MA100 started pointing up and the price made a bullish pattern.
The target for such a pattern is approximately the size of the pole which brings us to about 210.
With cattle there are no Elliott Waves it just does whatever it wants.
Because it is trending so strongly the risk to reward is something ridiculous.
And it could certaintly keep going up and up and up.
If you look at the all time chart you will notice LE has not trended like this ever. Something is going on. Bubble time.
The latest CME article is 6 months old, they talk about a contraction in the US cattle market (which is part of the cattle cycle theory which is more than 2 century old).
www.cmegroup.com
The US cattle inventory is the smallest in 73 years, that plus inflation means the price logically should be the highest ever.
People are addicted to macdonald's and are not going to give up their burgers, the Biden adminitration is going to have to do something I don't care what as long as it makes me money.
www.fb.org
Watch up expiry is in a few days, it might be a good idea to wait, also we are a bit early in the triangle pattern (but it feels like it could mega-break anytime).
If you trade this make sure to use guaranteed stop or another good form of risk management, it often gaps alot.
With a certain broker that has guaranteed stop the minimum risk you can take is $400 so this is not for everyone, depends on your broker.
I believe this is absolutely worth taking a 1% risk, and adding to it if it becomes a big winner.
The TradingView Digest - March 19thHello everyone! Welcome back to the TradingView Weekly Digest. We’re thrilled to bring you even more reasons to stay connected with the TradingView account. As part of our commitment to constantly evolve and improve our offerings for you, our dedicated users, this edition includes a special “What’s New “ section. In it, we explore the latest enhancements and additions to our platform, ensuring you're always up-to-date with our most recent advancements.
In today’s roundup, we’re excited to showcase the top posts from our vibrant community. Highlights include an insightful article on the history of Bitcoin, a trading strategy based on the Fibonacci tool, a new script for visualizing your equity curve, along with all the latest headlines, earnings reports, and economic events.
We hope you find this week's edition informative and engaging. Let's dive in! 😀
💡 History of Bitcoin: The Underdog That Rewired Finance - by TradingView
Bitcoin, a phenomenon that emerged at the onset of the 2008 financial crisis, has changed the way we think about money. To celebrate the token’s $73,000 milestone, we trace its origin story and look ahead into the future. To infinity… and beyond?
💡 Fibonacci Trading Strategy For Beginners - by VasilyTrader
I am excited to reveal a powerful Fibonacci trading strategy that I learned many years ago. It integrates structural analysis, Fibonacci retracement and extension levels, and candlestick analysis. When applied correctly, this strategy has the potential to yield a winning rate of over 60%.
📰 Top Stories
Adobe Stock Crashes 12% on Weak Guidance, Net Income Slashed in Half to $620M
China's Central Bank Keeps Key Policy Rates Steady
SOL, BOME Trend on Social Media as Ether, Bitcoin Lag
Nissan, Honda Shares Rise Sharply After EV Tie-Up Plan
Apple in talks to let Google's Gemini power iPhone AI features, Bloomberg News says
💵 Earnings highlights from the previous week:
Dollar Tree's Fiscal Q4 Adjusted Earnings, Revenue Rise
Williams-Sonoma's (WSM) Stock Up on Q4 Earnings & Revenue Beat
UiPath (PATH) Q4 Earnings and Revenues Beat Estimates
KT reports record-high earnings in 2023
MorphoSys AG reports results for the quarter ended in December
💡 When will Bitcoin Reach the Cycle Top - by FieryTrading
In this analysis, I am providing an educated estimation for the timeframe within which Bitcoin may reach its peak during this cycle. You can observe Bitcoin's price movements spanning the past 13 years depicted on a 2-week chart. Essentially, it typically takes between 17 to 24 bars (equivalent to 34 to 48 weeks) before Bitcoin reaches its cycle peak, with an average duration of 20 bars.
💡 Help Shape the Future of TradingView Content - by TradingView
Hello, TradingView community! As we continue to grow and evolve, our commitment to providing value to our users remains paramount. At TradingView, we understand that our users are at the heart of everything we do. This is why we constantly strive to offer content that enriches your trading experience, empowers your decisions, and nurtures your growth as a trader.
📆 Economic Calendar
⚡️ 19th March (Japan) — BoJ Interest Rate Decision
⚡️ 19th March (Canada) — Inflation Rate YoY
⚡️ 20th March (United States) — Fed Interest Rate Decision
⚡️ 20th March (United States) — FOMC Economic Projections
⚡️ 21th March (United Kingdom) — BoE Interest Rate Decision
⚡️ 22nd March (Japan) — Inflation Rate YoY
🔥 What's New?
✅ JFX forex data — now accessible on TradingView
✅ Enhancing DeFi trading: TradingView partners with QuickSwap
✅ Improved data of BIST futures: make use of settlement prices, back-adjustment, and Open interest
✅ Chart view in Stock, ETF, and Crypto coins screeners
🌟 Script of the Week
📜 Risk Management Chart - by NoveltyTrade
This script simulates multiple equity curves based on user-defined win-loss and risk-reward parameters, allowing visualization and analysis of risk management strategies.
💭 Our Weekly Thought:
“ Plan the trade, see the trade, feel the trade. ”
We hope you found this helpful. Please share your feedback, thoughts, or suggestions with us in the comments below.
With 💖, TradingView Team
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EURUSD InsightHello everyone, and welcome, subscribers.
Please share your personal opinions in the comments. Booster and subscription requests are appreciated.
Last week, the February inflation indicators for the United States were released, showing a higher level than expected. It indicated that contrary to market expectations, inflationary pressures are not abating. There's speculation that the Fed may adjust its dot plot at this week's FOMC meeting and concerns are rising that the rate cut may be postponed until the latter half of the year, not June.
March 18: Eurozone February Consumer Price Index will be released.
March 19: BOJ Interest Rate Decision. It's anticipated that BOJ will halt its negative interest rate policy at this meeting.
March 21: FOMC meeting is scheduled, with a rate hold expected. The dot plot will be released, and remarks on future monetary policy will be crucial.
March 22: Speech by Chairman Powell.
The euro has been forming a downward trend and has shown signs of rebounding after hitting the 1.07000 line recently. There's an expectation of a rise to the 1.10000 line, but there's some concern about potential abrupt changes in direction due to variables this week. Considering the upcoming releases, movement can be anticipated in two ways:
First, short-term rise followed by resistance at the 1.10000 line, leading to medium to long-term decline.
Second, breaking below the 1.07000 line, leading to short-term decline towards the 1.04500 line.
If movements deviate from expectations, we will analyze again and adjust the strategy.
XAU/USD Gold has potential..but could go wrongThis is a long analysis I made both for myself and to share it with you,
I have to say that, I don't usually trade Gold.
And I won't be able to comment on the current state of world and news.
So this analysis will be focusing only on the charts,
please consider the market data and news before taking any position.
I summarized everything at the end of the post...
Looking at the really long term picture of Gold, we can see that Gold tried to break higher several times before.
This time however, as shown, it has a sweet bounce above the trend. It managed to show much more bullish behaviour than before.
In my view, this can go both ways;
it can reach new highs which I expect and the first profit target would be 2400$
or second possibility It gets rejected really quick and falls down to levels such as 1850$
Market news and short-term movements will decide..
We can see that the price got rejected as it should at around 2200$
I will investigate Gold in separate parts, each time narrowing the timeframe.
on this frame, which is again a wide look to see the long term potential.
I see a strong bullish behavior rising within the pink trend.
this should be able to break through the 2200$ mentioned on the previous chart snapshot.
Unless a downtrend, that is much larger than the blue one, I expect the Gold to move within the trend, potentially reaching the 2400$ target.
Since we confirmed the long term behavior, now lets examine the short term behaviour,
because a drop to 1850$ would still make the long term viable but significantly extend the trade duration making it unfavorable
This time I will be looking within the pink trend in detail...
we are down to the last 3 years,
we can identify the bullish turn from this frame too.
the blue downtrend within the previously mentioned pink uptrend is broken.
If the price keeps rising above 2200$,
The more steep purple trend should be able to push the price a bit beyond the white trend to the 2250$ point.
After that, I expect the price to move with the strong bullish behaviour...
around 2250$ the price will stick above the upperband of the white trend and after some short consolidation, potentially create a much steeper version of the white trend making the old one insignificant and rise rapidly to 2400$.
Or If the price can't go pass 2200$ and starts falling,
Will probably retest the 2080$ and maybe even fall further...
a more detailed analysis will be necessary in that case, since the trade length will significantly increase..
Now I will be looking if the price will pass 2200$ and how am I going to keep track of it.
We are down to a month long frame,
the pink and purple lines are the trends more focused and carried from the previous frame to fit the short term approach, I use them as guides..
At 2200$ the really steep uptrend ended,
bearish movement started shown with the yellow trend,
If the down trend is broken and again another bullish move starts.
I expect another trend to be formed, in place of the older steep white trend,
marked with bold white stripes.
the price should be staying close to 2180$-2190$ marks and we will see if it can get past 2200$
If it does, the price should continue rising as I mentioned on the previous frame.
If bearish movement continues and yellow trend can't be broken yet,
price should fall back to around 2145$-2150$.
And further failure to break above will result in prices such as 2080$
but I will be investigating the short term again if that happens.
In summary,
Long term approach Bullish no matter what.
Price Target 2400$ for now...
but for a more detailed entry idea
the timing of the trade however will change depending on two conditions;
1- If it can break above 2200$ I expect to reach price target in 2-3 months.
2- If it falls below 2150$ the trade will be postponed until a more solid level is reached possibly around 2080$
In either case, market news will play a big part on this...
And I would appreciate any different ideas on the comments
I will be updating this from time to time.