US Fed Meeting LIVE Updates: The US Federal Reserve is expected to lower its benchmark interest rate by 25 basis points at the conclusion of its two-day meeting on December 18. This would mark the third consecutive rate cut, bringing the federal funds rate to a target range of 4.25%-4.5% from the current 4.5%-4.75%.
Guys, I'm sincerely sorry to everyone, but I'm exhausted. I try to respond to every comment, especially if it's an important question. However, when I read the comments, it's disheartening to see that despite providing profitable signals daily, people still comment negatively. It's frustrating, but I guess it doesn't matter.
The truth is, providing signals requires a lot of effort. I spend the entire day in front of charts, searching for trades, and then sharing them with you. What do I get in return? Just a simple 'okay'. I hope you all stay healthy, gain more profits, and find a good trader. Honestly, I don't consider myself a good trader; I'm just a bad one trying to help.
Guys, I'm sincerely sorry to everyone, but I'm exhausted. I try to respond to every comment, especially if it's an important question. However, when I read the comments, it's disheartening to see that despite providing profitable signals daily, people still comment negatively. It's frustrating, but I guess it doesn't matter.
The truth is, providing signals requires a lot of effort. I spend the entire day in front of charts, searching for trades, and then sharing them with you. What do I get in return? Just a simple 'okay'. I hope you all stay healthy, gain more profits, and find a good trader. Honestly, I don't consider myself a good trader; I'm just a bad one trying to help.
Well said bro. I saw those comments and it's very frustrating. Most of the newbie don't know what is risk management. Don't be upset. let me know if i can join with you with my 5digit portfolio. Awesome Signals. No Doubt. Die Newbies Die.
LIVE
Itachi trader
--
Төмен (кемімелі)
Guys, I'm sincerely sorry to everyone, but I'm exhausted. I try to respond to every comment, especially if it's an important question. However, when I read the comments, it's disheartening to see that despite providing profitable signals daily, people still comment negatively. It's frustrating, but I guess it doesn't matter.
The truth is, providing signals requires a lot of effort. I spend the entire day in front of charts, searching for trades, and then sharing them with you. What do I get in return? Just a simple 'okay'. I hope you all stay healthy, gain more profits, and find a good trader. Honestly, I don't consider myself a good trader; I'm just a bad one trying to help.
Well said bro. I saw those comments and it's very frustrating. Most of the newbie don't know what is risk management. Don't be upset. let me know if i can join with you with my 5digit portfolio. Awesome Signals. No Doubt. Die Newbies Die.
LIVE
Itachi trader
--
Төмен (кемімелі)
Guys, important update: please listen carefully. Firstly, I won't provide any more signals, okay? The reason is that today, five of my signals were profitable, and one signal hit the stop-loss (SL). Some people are saying that a particular coin's SL was hit, but I had posted about it two hours ago that its target three was achieved and it was heading towards target four. You should have closed the trade and taken the profit. Those who held on did so at their own risk, and it's not my responsibility. Target three also had a good profit, but they chose to hold on.
Now, about sharing profits: nobody shares their profits, but when there's a single SL hit, everyone starts commenting about it. Yesterday, six signals were profitable, and the day before, four signals were profitable. Every day, so many signals are profitable, and I post them for free. Who else posts such profitable signals for free? Despite this, I still hear complaints. So, I'm telling you, I won't provide any more signals.
Well said bro. I saw those comments and it's very frustrating. Most of the newbie don't know what is risk management. Don't be upset. let me know if i can join with you with my 5digit portfolio. Awesome Signals. No Doubt. Die Newbies Die.
LIVE
Itachi trader
--
Төмен (кемімелі)
Guys, important update: please listen carefully. Firstly, I won't provide any more signals, okay? The reason is that today, five of my signals were profitable, and one signal hit the stop-loss (SL). Some people are saying that a particular coin's SL was hit, but I had posted about it two hours ago that its target three was achieved and it was heading towards target four. You should have closed the trade and taken the profit. Those who held on did so at their own risk, and it's not my responsibility. Target three also had a good profit, but they chose to hold on.
Now, about sharing profits: nobody shares their profits, but when there's a single SL hit, everyone starts commenting about it. Yesterday, six signals were profitable, and the day before, four signals were profitable. Every day, so many signals are profitable, and I post them for free. Who else posts such profitable signals for free? Despite this, I still hear complaints. So, I'm telling you, I won't provide any more signals.
🏓There is a 99% probability that the interest rate will be reduced by 25 basis points. ♾What really matters is what Powell has to say at the FOMC conference.
The US Federal Reserve is expected to lower its benchmark interest rate by 25 basis points at the conclusion of its two-day meeting on December 18. This would mark the third consecutive rate cut, bringing the federal funds rate to a target range of 4.25%-4.5% from the current 4.5%-4.75%.
I think the market might dip a bit when the new week starts tomorrow, so today we're gonna set up some shorts for quick trades, and I'll share some long setups for swing positions as limit buys.
{ This update was referenced by observing the total 2 : crypto market cap excluding BTC! }
The Bitcoin (BTC) bull move could soon run wild, bringing a steep multi-week uptrend in the leading cryptocurrency.
"That's the message from bitcoin's 14-week relative strength index (RSI), a momentum indicator used to measure the speed and change of price movements. The indicator has crossed above 70, a threshold that marked the FOMO (fear of missing out) phases of the mid-2019 and late 2020 bull runs. These FOMO phases are characterized by both retail and savvy traders pouring money into an already-trending asset in fear of missing out on a significant opportunity.
Developed by J. Welles Wilder, the RSI measures the speed and change of price movements and oscillates between zero and 100. The default period for calculating RSI is 14 days, but traders use 14-week and 14-month RSIs to gauge long-term momentum. A reading above 70 is often erroneously taken to represent overbought conditions and a sign of an impending bearish reversal. However, per technical analysis textbooks, an above-70 RSI, especially on longer duration charts, suggests bullish momentum is strong and the asset could continue to rally in the weeks ahead, similar to what happened in 2019 and 2020.
To paraphrase a Wall Street saying, indicators can stay overbought longer than bears can stay solvent.
Bitcoin Bull-Market Here? These Indicators Say YES! 🚀
In this analysis I want to take a look at three lesser known long-term indicators. Since we're looking over a long period, I found the monthly chart to offer the most clarity.
Keep in mind that these indicators signal long-term (>2 years) changes in trend. We can still experience short-term dumps, whilst the long-term trend is bullish.
Indicator 1: Chaikin Oscillator Chaikin Oscillator is a technical analysis tool used to measure the accumulation and distribution of moving average convergence-divergence (MACD).
Every time that this line crosses 0 from below, bullish price action follows. Note that this indicator needed two crosses in 2012 and 2020 before the "real" bull-run began. Since this indicator crossed the zero back in March this year and retested the 0 last month, I'm more confident that we might only need 1 cross this time.
Indicator 2: Stochastic Momentum Index - SMI The Stochastic Oscillator and the Stochastic Momentum Index (SMI) are both tools used to indicate momentum and are often used by financial traders to understand psychological undercurrents and their relation to price movements.
Note that every time the SMI crosses the 40 line from below (and becomes green), Bitcoin starts a bull-market and huge moves follow.
Indicator 3: True Strength Index - TSI The true strength index is a momentum oscillator used to provide trade signals based on overbought/oversold levels, crossovers, and divergence.
The blue (fast) line has crossed the red (slow) line for the third time in Bitcoin's history. A bull-market followed every time before.
On the other hand, there's a looming recession in the USA. Recessions are always bad for stocks, and therefore likely bad for crypto as well. There's a probability that crypto will be harmed less by the recession since stock-crypto correlation is currently very low, but that could easily change in the future.
All in all, there are risks, but I'm fairly certain we're now at the start of a new long-term bullish trend.