Expanding Triangle Pattern
An expanding triangle pattern is a technical chart pattern often seen in financial markets. It's a type of triangle formation that occurs when both the upper and lower trendlines of the triangle are slanting away from each other. In other words, the price range between the highs and lows of the pattern expands over time.
This pattern indicates a period of increased volatility and indecision in the market. Traders and analysts interpret the expanding triangle as a potential sign of uncertainty, as the price is making higher highs and lower lows within a widening range. This suggests that both buyers and sellers are becoming more aggressive but are still not able to establish a clear trend direction.
Expanding triangles can be found in both bullish and bearish contexts, and they are often considered continuation patterns, meaning that they are likely to continue the prevailing trend before the pattern formed. However, since the pattern signals increased volatility and uncertainty, traders often approach it with caution and may wait for a clear breakout above or below the trendlines to confirm the direction of the next move.
In summary, an expanding triangle pattern is characterized by its widening price range between ascending and descending trendlines, indicating growing volatility and uncertainty in the market.👇👇👇👇👇
An expanding triangle pattern is a technical chart pattern often seen in financial markets. It's a type of triangle formation that occurs when both the upper and lower trendlines of the triangle are slanting away from each other. In other words, the price range between the highs and lows of the pattern expands over time.
This pattern indicates a period of increased volatility and indecision in the market. Traders and analysts interpret the expanding triangle as a potential sign of uncertainty, as the price is making higher highs and lower lows within a widening range. This suggests that both buyers and sellers are becoming more aggressive but are still not able to establish a clear trend direction.
Expanding triangles can be found in both bullish and bearish contexts, and they are often considered continuation patterns, meaning that they are likely to continue the prevailing trend before the pattern formed. However, since the pattern signals increased volatility and uncertainty, traders often approach it with caution and may wait for a clear breakout above or below the trendlines to confirm the direction of the next move.
In summary, an expanding triangle pattern is characterized by its widening price range between ascending and descending trendlines, indicating growing volatility and uncertainty in the market.👇👇👇👇👇
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🪙 #BTC/USDT
BTC is currently holding its position above the Ichimoku cloud and the support of the MA 100. However, it's important to note that market volume is unusually low. RSI indicates a hidden bullish divergence.
To confirm a potential reversal, a strong close of a bullish volume candle is needed. Without this confirmation, there's a reasonable chance the market will continue its downward trajectory.
BTC is currently holding its position above the Ichimoku cloud and the support of the MA 100. However, it's important to note that market volume is unusually low. RSI indicates a hidden bullish divergence.
To confirm a potential reversal, a strong close of a bullish volume candle is needed. Without this confirmation, there's a reasonable chance the market will continue its downward trajectory.
Market whale buys HFT 🐋
Market maker "GSR Markets" decided not to miss the moment of drawdown and purchased 2 hours ago $1.54 mln worth of HFT coins.
At the moment, this address holds HFT for $12.5 million, which is 12% of the total coin turnover, so this capital will be able to manipulate the price without much effort.
Be prepared to see a lot of volatility on it....
Market maker "GSR Markets" decided not to miss the moment of drawdown and purchased 2 hours ago $1.54 mln worth of HFT coins.
At the moment, this address holds HFT for $12.5 million, which is 12% of the total coin turnover, so this capital will be able to manipulate the price without much effort.
Be prepared to see a lot of volatility on it....
👍1
Warren Buffett inadvertently invested in Bitcoin (BTC) via Nubank🤷♂️
Warren Buffett, who, if you remember, said that Bitcoin was “probably rat poison squared,” made it to the crypto market after all!
In 2021, Buffett’s company, Berkshire Hathaway, invested $750 million in Brazilian bank Nubank, which also allows trading of BTC and other crypto.
Today, the value of the position has grown to $840 million, a figure that has eclipsed other large stakes in Buffett’s portfolio, including such titans as Amazon, Apple, Coca-Cola, Bank of America, and Kraft Heinz.
It’s ironic: Even though Warren hasn’t changed his attitude toward Bitcoin, he has still touched the crypto market, albeit indirectly.
If this continues, we’ll definitely see the world of traditional finance become tightly intertwined with crypto.
Warren Buffett, who, if you remember, said that Bitcoin was “probably rat poison squared,” made it to the crypto market after all!
In 2021, Buffett’s company, Berkshire Hathaway, invested $750 million in Brazilian bank Nubank, which also allows trading of BTC and other crypto.
Today, the value of the position has grown to $840 million, a figure that has eclipsed other large stakes in Buffett’s portfolio, including such titans as Amazon, Apple, Coca-Cola, Bank of America, and Kraft Heinz.
It’s ironic: Even though Warren hasn’t changed his attitude toward Bitcoin, he has still touched the crypto market, albeit indirectly.
If this continues, we’ll definitely see the world of traditional finance become tightly intertwined with crypto.
Bitcoin vs. gold: Part 1
You’ve probably heard people refer to Bitcoin as digital gold many times. We’ve decided to create a series of posts explaining why people make that comparison, what BTC has in common with gold, and, most importantly, what advantages it has over the precious metal.
Today, let’s discuss the basic characteristics of these two assets: liquidity and availability.
Gold:
Although gold is widely recognized and traded around the world, it is quite difficult to physically own gold. Bullion needs special storage conditions; it’s hard to transport; gold is easy to counterfeit; and, let’s be honest, you don’t want to keep pieces of the precious metal in your closet.
We’re used to buying gold on the stock market, but obviously, owning a stock and actually owning the metal are far from the same thing.
Bitcoin:
Bitcoin has a definite advantage here: It’s extremely easy to access (anyone with an internet connection can buy it), and it’s easy to store by simply creating a Bitcoin wallet. At the same time, if you store BTC in a wallet, you clearly understand that you own the original asset, not a security, which is just a “representation” of the asset.
Both gold and Bitcoin are liquid: You can buy or sell as much Bitcoin and gold as you want at any time.
Unlike gold, though, Bitcoin has yet to prove its high liquidity over the long haul. It’s only been around for a little over a decade, while gold has been valued by people since antiquity.
You’ve probably heard people refer to Bitcoin as digital gold many times. We’ve decided to create a series of posts explaining why people make that comparison, what BTC has in common with gold, and, most importantly, what advantages it has over the precious metal.
Today, let’s discuss the basic characteristics of these two assets: liquidity and availability.
Gold:
Although gold is widely recognized and traded around the world, it is quite difficult to physically own gold. Bullion needs special storage conditions; it’s hard to transport; gold is easy to counterfeit; and, let’s be honest, you don’t want to keep pieces of the precious metal in your closet.
We’re used to buying gold on the stock market, but obviously, owning a stock and actually owning the metal are far from the same thing.
Bitcoin:
Bitcoin has a definite advantage here: It’s extremely easy to access (anyone with an internet connection can buy it), and it’s easy to store by simply creating a Bitcoin wallet. At the same time, if you store BTC in a wallet, you clearly understand that you own the original asset, not a security, which is just a “representation” of the asset.
Both gold and Bitcoin are liquid: You can buy or sell as much Bitcoin and gold as you want at any time.
Unlike gold, though, Bitcoin has yet to prove its high liquidity over the long haul. It’s only been around for a little over a decade, while gold has been valued by people since antiquity.
Crypto Question: “What happens if mining becomes completely unprofitable and miners leave? Will Bitcoin collapse?”
We decided to test a new section on our channel, “Crypto Question.” Ask your questions (even those that seem silly) in the comments, and we will select the most interesting ones and answer them in Q&A format💪
So, about fleeing miners:
In simple language, the answer is “the fewer miners, the more miners!” Let’s imagine that after the next halving, mining will indeed become unprofitable, and miners will start leaving the market.
This will automatically lower the difficulty of Bitcoin mining => this means that mining will become more profitable for the remaining participants => this means that new miners will start joining the network.
Of course, there are other problems in this scenario. For example, the speed of transactions on the network will immediately decrease, and the network will become more vulnerable to attacks.
But in any case, there’s no need to worry because there are no indicators that we’re moving toward this kind of environment!
We decided to test a new section on our channel, “Crypto Question.” Ask your questions (even those that seem silly) in the comments, and we will select the most interesting ones and answer them in Q&A format💪
So, about fleeing miners:
In simple language, the answer is “the fewer miners, the more miners!” Let’s imagine that after the next halving, mining will indeed become unprofitable, and miners will start leaving the market.
This will automatically lower the difficulty of Bitcoin mining => this means that mining will become more profitable for the remaining participants => this means that new miners will start joining the network.
Of course, there are other problems in this scenario. For example, the speed of transactions on the network will immediately decrease, and the network will become more vulnerable to attacks.
But in any case, there’s no need to worry because there are no indicators that we’re moving toward this kind of environment!
🎲 Analyzing the prospects of $UNI
After an extended sideways period, $UNI dropped to the lows of this year, where a significant liquidity block is situated.
Within this range, larger volumes of the token are being bought, and sellers have failed to establish a foothold below it for the second time. The block is showing a strong response, pushing the price back above the $4.07 support level.
So far, the breakdown of the downside structure is not successful, and $UNI is returning to the accumulation zone between $4.50 and $4.07, where it has spent the past two months.
💁🏻♂️ I'm monitoring the upper boundary of this zone. A successful breakout and the closing of a daily candle above it will serve as a strong signal to open a short-term speculative position.
After an extended sideways period, $UNI dropped to the lows of this year, where a significant liquidity block is situated.
Within this range, larger volumes of the token are being bought, and sellers have failed to establish a foothold below it for the second time. The block is showing a strong response, pushing the price back above the $4.07 support level.
So far, the breakdown of the downside structure is not successful, and $UNI is returning to the accumulation zone between $4.50 and $4.07, where it has spent the past two months.
💁🏻♂️ I'm monitoring the upper boundary of this zone. A successful breakout and the closing of a daily candle above it will serve as a strong signal to open a short-term speculative position.
Forwarded from Crypto city
The BTC dominance, right now, may weaken, which should provide support to altcoins. Consequently, we may witness a breakthrough.
Today/tomorrow marks a transitional period for altcoins.
These are important days.
So far, we can observe locally breakthrough formations.
Now we should expect the realization of this.
In another scenario, if the market reverses, we may also see that.
Today/tomorrow marks a transitional period for altcoins.
These are important days.
So far, we can observe locally breakthrough formations.
Now we should expect the realization of this.
In another scenario, if the market reverses, we may also see that.
👍1
#GALA +36.5% on the growth peak ✅✅✅✅
The coin followed the first positive scenario and broke through the moving ma200 on the daily timeframe without correction after the retest of the trend slope.
At this point I have triggered the first take profit on the sell, so I am pulling the stop on this trade to breakeven.
Waiting for the 2nd and 3rd targets if Bitcoin Domination continues the correction 👌
The coin followed the first positive scenario and broke through the moving ma200 on the daily timeframe without correction after the retest of the trend slope.
At this point I have triggered the first take profit on the sell, so I am pulling the stop on this trade to breakeven.
Waiting for the 2nd and 3rd targets if Bitcoin Domination continues the correction 👌
🪙 #BTCUSDT
After a brief period, BTC formed a small sideways movement, accumulating liquidity.
In the upper part, we're looking at levels of $37,950 and the range $38,700-38,550. For the lower clusters - the zone is $35,200-35,000 and $34,000.
Bitcoin dominance: 52.26%;
Fear and Greed Index: 73 (greed);
Altseason Index: 35;
Market capitalization: $1.38 trillion.
After a brief period, BTC formed a small sideways movement, accumulating liquidity.
In the upper part, we're looking at levels of $37,950 and the range $38,700-38,550. For the lower clusters - the zone is $35,200-35,000 and $34,000.
Bitcoin dominance: 52.26%;
Fear and Greed Index: 73 (greed);
Altseason Index: 35;
Market capitalization: $1.38 trillion.
BTCUSD, 30-minute timeframe chart
BTCUSD formed a bearish Hammer pattern
👉 Level explanation
BTCUSD has been trading in a bullish trend within the last day. The pair moved up to the resistance level of 70,700.00.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 70,620.00.
Set your Stop Loss at 71,560.00 above the previous high ($9.40 loss for 0.01 lot) and Take Profit at 69,680.00 ($9.40 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
Stay Tune
BTCUSD formed a bearish Hammer pattern
👉 Level explanation
BTCUSD has been trading in a bullish trend within the last day. The pair moved up to the resistance level of 70,700.00.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 70,620.00.
Set your Stop Loss at 71,560.00 above the previous high ($9.40 loss for 0.01 lot) and Take Profit at 69,680.00 ($9.40 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
Stay Tune
TODAY IS THE "GOOD FRIDAY" 📣
Most of the central banks were on their leave due to "Good Friday" including the xauusd!
US Shares: closed
EU Shares : closed
Metals : closed
Indices : closed
The currencies pair are running a bit but the gold markets are totally off running. There's nothing we can do with the markets now, so take this advantages to do some backtest or study about the market!
Stay Tune.
Most of the central banks were on their leave due to "Good Friday" including the xauusd!
US Shares: closed
EU Shares : closed
Metals : closed
Indices : closed
The currencies pair are running a bit but the gold markets are totally off running. There's nothing we can do with the markets now, so take this advantages to do some backtest or study about the market!
Stay Tune.
Most of the 2.0M BTC with a cost basis above $61.2k have changed hands recently, as owners sold them to lock in profits. SOPR metrics, which describe this behavior, have all reached relative highs, indicating a surge in profit-taking activity in spot markets, particularly with our Entity-Adjusted variant approaching levels seen during the 2021 bull market peak.
This suggests an increase in both the volume and extent of profit-taking activity in spot markets.
😄😄🤑🤑
This suggests an increase in both the volume and extent of profit-taking activity in spot markets.
😄😄🤑🤑
💸 USDJPY remains near a multi-decade high
The Japanese yen (JPY) gained 0.04% on Friday amid very low trading activity due to the Good Friday holiday in the U.S.
👉Possible effects for traders
USDJPY has been trading sideways for over a week after rising into a critical resistance zone of 151.000–152.000 range. The decision by the Bank of Japan (BOJ) to raise its base rate by 10 basis points (bps) and end its ultra-loose monetary policy has failed to support the national currency. However, investors are reluctant to place large long positions in USDJPY at this point due to the fear of interventions by Japanese authorities.
Previously, the BOJ intervened in the currency market in September and October 2022 as the Japanese yen slipped towards a 32-year low of 152 against the U.S. dollar. Indeed, Japanese Finance Minister Shunichi Suzuki said, 'We will watch currency market developments with a strong sense of urgency and will respond appropriately against excessive moves without ruling out any options.' Fundamentally, the pressure on USDJPY may be turning bearish as rate cuts by the Federal Reserve (Fed) are already largely priced in, while the Japanese authorities are ready to intervene and prevent any further JPY depreciation.
USDJPY was essentially flat during the Asian and early European trading sessions. Today, traders should focus on the publication of the U.S. ISM Manufacturing Purchasing Managers' Index (PMI) at 2:00 p.m. UTC. If the report is stronger than expected, USDJPY may slightly rise—probably no higher than 151.800. However, USDJPY may experience a sharp downward correction, possibly towards 150.000, in case of weaker-than-expected PMI figures.
Stay Tune.
The Japanese yen (JPY) gained 0.04% on Friday amid very low trading activity due to the Good Friday holiday in the U.S.
👉Possible effects for traders
USDJPY has been trading sideways for over a week after rising into a critical resistance zone of 151.000–152.000 range. The decision by the Bank of Japan (BOJ) to raise its base rate by 10 basis points (bps) and end its ultra-loose monetary policy has failed to support the national currency. However, investors are reluctant to place large long positions in USDJPY at this point due to the fear of interventions by Japanese authorities.
Previously, the BOJ intervened in the currency market in September and October 2022 as the Japanese yen slipped towards a 32-year low of 152 against the U.S. dollar. Indeed, Japanese Finance Minister Shunichi Suzuki said, 'We will watch currency market developments with a strong sense of urgency and will respond appropriately against excessive moves without ruling out any options.' Fundamentally, the pressure on USDJPY may be turning bearish as rate cuts by the Federal Reserve (Fed) are already largely priced in, while the Japanese authorities are ready to intervene and prevent any further JPY depreciation.
USDJPY was essentially flat during the Asian and early European trading sessions. Today, traders should focus on the publication of the U.S. ISM Manufacturing Purchasing Managers' Index (PMI) at 2:00 p.m. UTC. If the report is stronger than expected, USDJPY may slightly rise—probably no higher than 151.800. However, USDJPY may experience a sharp downward correction, possibly towards 150.000, in case of weaker-than-expected PMI figures.
Stay Tune.
#BTC still moving over the support and consolidating and with that, price rejecting both side from the top and bottom to. Well, there's most chances of getting strong reversal from here and market start trending again. Ig you're holding any alts position, try to stay there as we can see a jump by this weekend.
Privacy Coins
Privacy coins are a type of cryptocurrency that prioritizes user privacy and anonymity. These coins use advanced features like stealth addresses, ring signatures, zero-knowledge proofs, and coin mixing to protect users' identities and transaction history from being traced or monitored.
Stealth addresses, for example ensure each transaction is sent to a unique, one-time address, making it difficult to link multiple transactions to a single user. Ring signatures on the other hand, allow a group of users to sign a transaction together, making it impossible to determine which individual initiated it.
Zero-knowledge proofs enable the validation of transactions without revealing any sensitive information, while coin mixing combines multiple transactions into a single transaction, making it difficult to trace the origin of the funds.
Popular examples of privacy coins include Monero (XMR), Zcash (ZEC), and Dash (DASH).
Privacy coins are a type of cryptocurrency that prioritizes user privacy and anonymity. These coins use advanced features like stealth addresses, ring signatures, zero-knowledge proofs, and coin mixing to protect users' identities and transaction history from being traced or monitored.
Stealth addresses, for example ensure each transaction is sent to a unique, one-time address, making it difficult to link multiple transactions to a single user. Ring signatures on the other hand, allow a group of users to sign a transaction together, making it impossible to determine which individual initiated it.
Zero-knowledge proofs enable the validation of transactions without revealing any sensitive information, while coin mixing combines multiple transactions into a single transaction, making it difficult to trace the origin of the funds.
Popular examples of privacy coins include Monero (XMR), Zcash (ZEC), and Dash (DASH).
Capital Inflows 🟦 when the cost basis of the 1w-1m holders trades above the 1m-3m cost basis. This underscores a positive momentum in demand, and, attracting new capital into the market.
Capital Outflows 🟪 when the cost basis of the 1w-1m holders plunges below the 1m-3m cost basis. This structure signals a diminishing momentum in the demand side, and a net capital outflow from the asset.
During previous bull markets, a negative capital flow structure has occurred up to five times. We can also see that this structure has been in play since May and into early June.
Capital Outflows 🟪 when the cost basis of the 1w-1m holders plunges below the 1m-3m cost basis. This structure signals a diminishing momentum in the demand side, and a net capital outflow from the asset.
During previous bull markets, a negative capital flow structure has occurred up to five times. We can also see that this structure has been in play since May and into early June.
📊The NFP report will define the XAUUSD trend
After the sharp rise on Wednesday, the gold (XAU) price declined by 0.03% on Thursday and consolidated within the $2,350–$2,360 range.
👉 Possible effects for traders
Traders are eagerly awaiting the release of the U.S. Nonfarm Payroll report today at 12:30 p.m. UTC, which will be a key factor in the Federal Reserve (Fed) decision regarding potential interest rate cuts. U.S. economic data over the past couple of weeks have significantly increased hopes for a rate reduction as early as September, and many investors expect today's report to support this outlook. Based on these anticipations, XAUUSD started to move upwards confidently. Gold has been rising throughout the week, benefiting from weak U.S. macroeconomic data. If today's employment data confirms a slowdown in the U.S. economy, expectations for a rate cut in September could exceed 80%, potentially pushing the price of gold towards $2,400. Currently, traders are pricing in about a 73% chance of a rate cut in September, according to the CME FedWatch Tool.
XAUUSD is consolidating and seems ready to rise. The pair may break above $2,400 and possibly rise towards $2,450. However, according to the minutes of the last Fed meeting, officials decided to avoid premature conclusions and seek more data. Additional bullish impetus for gold could come from geopolitical risks, particularly the situation in the Middle East. The conflict between Israel and Hamas has somewhat cooled but is yet to be resolved. As reported by Reuters: ‘Israeli Prime Minister Benjamin Netanyahu told U.S. President Joe Biden on Thursday he has decided to send a delegation to resume stalled negotiations on a hostage release deal with Hamas, their administrations said’.
Today, traders should prepare for increased volatility. The NFP report will come out at 12:30 p.m. UTC and define the XAUUSD trend movement. If the employment data reveals a softening labour market, the pair could rise towards $2,380–$2,390. Otherwise, the price may drop towards the support level of $2,350.
After the sharp rise on Wednesday, the gold (XAU) price declined by 0.03% on Thursday and consolidated within the $2,350–$2,360 range.
👉 Possible effects for traders
Traders are eagerly awaiting the release of the U.S. Nonfarm Payroll report today at 12:30 p.m. UTC, which will be a key factor in the Federal Reserve (Fed) decision regarding potential interest rate cuts. U.S. economic data over the past couple of weeks have significantly increased hopes for a rate reduction as early as September, and many investors expect today's report to support this outlook. Based on these anticipations, XAUUSD started to move upwards confidently. Gold has been rising throughout the week, benefiting from weak U.S. macroeconomic data. If today's employment data confirms a slowdown in the U.S. economy, expectations for a rate cut in September could exceed 80%, potentially pushing the price of gold towards $2,400. Currently, traders are pricing in about a 73% chance of a rate cut in September, according to the CME FedWatch Tool.
XAUUSD is consolidating and seems ready to rise. The pair may break above $2,400 and possibly rise towards $2,450. However, according to the minutes of the last Fed meeting, officials decided to avoid premature conclusions and seek more data. Additional bullish impetus for gold could come from geopolitical risks, particularly the situation in the Middle East. The conflict between Israel and Hamas has somewhat cooled but is yet to be resolved. As reported by Reuters: ‘Israeli Prime Minister Benjamin Netanyahu told U.S. President Joe Biden on Thursday he has decided to send a delegation to resume stalled negotiations on a hostage release deal with Hamas, their administrations said’.
Today, traders should prepare for increased volatility. The NFP report will come out at 12:30 p.m. UTC and define the XAUUSD trend movement. If the employment data reveals a softening labour market, the pair could rise towards $2,380–$2,390. Otherwise, the price may drop towards the support level of $2,350.
HAPPY WEEKEND EVERYONE ⛅️
Believe it or not, forex will provide you with unimaginable opportunities if and when you get it right 💸
These are the types of posts the majority obsess over, now that I’ve got your attention, if you are still struggling, lacking motivation and questioning the industry
Just know that anybody can do it, it is possible and it is real. Keep going, put your head down and focus because your breakthrough is around the corner.
Remember, everybody’s learning curve is different. What I can tell you though, is finding a mentor will definitely shorten it 🔌
For those still struggling, just show up on a daily basis, put in the work and it WILL PAY OFF 💎
I will do my best to help and guide you guys to grow in this industry. So take this chance, stick close to me, and follow my instructions correctly.
“Same mission, different approach”
See you next week guys, we’ll gain our profit and minimise our lose, enjoy your weekend fam
Believe it or not, forex will provide you with unimaginable opportunities if and when you get it right 💸
These are the types of posts the majority obsess over, now that I’ve got your attention, if you are still struggling, lacking motivation and questioning the industry
Just know that anybody can do it, it is possible and it is real. Keep going, put your head down and focus because your breakthrough is around the corner.
Remember, everybody’s learning curve is different. What I can tell you though, is finding a mentor will definitely shorten it 🔌
For those still struggling, just show up on a daily basis, put in the work and it WILL PAY OFF 💎
I will do my best to help and guide you guys to grow in this industry. So take this chance, stick close to me, and follow my instructions correctly.
“Same mission, different approach”
See you next week guys, we’ll gain our profit and minimise our lose, enjoy your weekend fam