✅The bearish pull back or throwback occurs when, in a bearish trend, the price of an asset is falling, stops, and corrects until it reaches the support that the price had previously breached, temporarily becoming resistance, to continue falling afterwards.
💥The depreciation of #Bolivar negatively impacted the net accumulated result as of September for Venezuelan banking, as profits increased by 10.7% year-on-year in Bolivares, but fell by -4.7% when expressed in dollars. Poor bankers...😅
Open interest in #Bitcoin has fallen by more than US$2 billion, as traders prepare for potential volatility ahead of the elections in #EEUU .
This significant decrease in open interest indicates that the #Traders are closing long and short positions in an effort to avoid any discomfort related to the outcomes of political events in the US.
The great opportunities that the cryptocurrency market offers for trading are:
✅️When there is extended overselling or overbuying.
✅️Crossing of the 20, 50 and 200 EMAs in a bullish or bearish manner.
✅️Crossing of the 20, 50 and 200 EMAs in a bullish or bearish manner with the Bollinger bands.
✅️When there are bullish or bearish divergences.
✅️Rebounds on the upper and lower Bollinger bands where a kind of belly is formed and the rebounds on the 20, 50 and 200 EMAs when there are bullish runs and the price was liquidated.
✅️When W or M patterns are formed in the Bollinger bands.
✅️When defined patterns are formed with Japanese candles.
📌I estimate that it is advisable to buy in Spot next week #Criptomonedas with potential for increase and a wide history. After the presidential elections in the USA on November 5th and the meeting of the US FED on November 7th, the cryptocurrency market may move significantly.
The multimillionaire Warren Buffett now has more than $325 billion 🤯 in cash after continuing to unload shares of Apple and Bank of America this year. Buffett has the same capital as all Venezuelans who keep their capital outside of #Venezuela .
Doji candles are indecision candles. Their graphical representation is very simple: due to the indecision of the day, there is no real body in the candle, the opening and closing coincide at the same point.
As in technical analysis and market observation through price, nothing can be so simple and obvious, doji candles are also considered those candles where the real body is very small in relation to the day's range, therefore we could say that a doji is a candle with a very small or nonexistent body, but that is subject to market observation and is usually considered a warning signal.
Doji candles gain special importance in key areas of the chart, for example at supports and resistances, but they can lose their importance if we are in an area where previous candles have a very narrow range.
The #BRICS granted Algeria, Belarus, Bolivia, Cuba, Indonesia, Kazakhstan, Malaysia, Nigeria, Thailand, Turkey, Uganda, Uzbekistan, and Vietnam partner status, demonstrating a path to achieve broader influence at a time when many countries seek to strengthen their monetary system and reduce dependence on the #dolar . #Venezuela remained as the guayabera...😥
Social media is filled with posts about #Peanut , a pet squirrel with 600,000 followers on Instagram, who was sacrificed by officials from the state of New York. As a result, there has been a wave of #Memeoins themed coins, which showed substantial gains over the weekend.
The Standard Chartered bank maintains its optimistic forecast on #Bitcoin regardless of who wins the presidential elections in the US. The English bank assured that #BTC will rise to US$100,000 by the end of 2024 and holds the forecast of a level of US$200,000 by the end of 2025. #Trump #Kamala
The #Seniat reported that the revenue for the month of October was over Bs.32 billion, equivalent to more than US$753 million. With this revenue, a minimum wage of US$188 could be paid to public employees. It is necessary to collect double to improve salaries. #Venezuela #Bolivar #dolar
The innovative airdrop nodes portal, #TON Capital, announced its upcoming limited batch of node sales scheduled for November 8th. These airdrop nodes offer a unique opportunity for participants to bet on the success of the TON ecosystem.
The project aims to create one of the largest diversified communities within the TON ecosystem, offering a wide range of rewards for its node holders.
⚠️There are two events that may affect the market in the coming days, one is the presidential elections in the USA, and two is the announcement from the US Federal Reserve regarding interest rates. Both events should be taken as fundamental analysis and attempts should be made to combine it with technical analysis.
Update of token #GMT on a one-day chart. The asset is forming a bullish inverted hammer; if this pattern consolidates today, it is possible that it will continue its upward trend tomorrow.
⚠️Analyze the information provided with your knowledge and experience in #Trading before investing, and remember that this market is very volatile and can result in large gains as well as losses. If you decide to act on the signal, all consequences that arise from it will be entirely your responsibility. In the case that you decide to use leverage, remember to set the Stop Loss according to your investment criteria.
Update of token #GMT on a one-day chart. The asset is forming a bullish inverted hammer; if this pattern consolidates today, it is possible that it will continue its upward trend tomorrow.
⚠️Analyze the information provided with your knowledge and experience in #Trading before investing, and remember that this market is very volatile and can result in large gains as well as losses. If you decide to act on the signal, all consequences that arise from it will be entirely your responsibility. In the case that you decide to use leverage, remember to set the Stop Loss according to your investment criteria.
Innovative node airdrop portal TON Capital announced its next limited batch of node sales scheduled for November 8th. These airdrop nodes offer a unique opportunity for participants to stake their bets on the success of the TON ecosystem.
The project aims to create one of the largest diversified communities within the #TON ecosystem, offering a broad spectrum of rewards for its node holders.
According to the on-chain analysis company Glassnode, short-term holders sold 54,000 #Bitcoin on October 31, the largest amount since April, as they panicked when the market fell below US$70,000. Fear is free...🤷♂️
The official dollar skyrocketed 15.7% in the month of October to Bs.42.71, and the BCV moderated its currency sales. The price of the unofficial #dolar rose 17.5% to Bs.51.65. Again, I recommend establishing a decentralized blockchain platform to unify the markets and avoid bullish runs. #Venezuela #Bolivar
This pattern consists of a small body with a long lower tail and is located at the end of a downtrend. A hammer shows that, although there was selling pressure during the day, ultimately strong buying pressure has caused the price to reverse. The color of the body can vary, but green hammers indicate that there is a stronger bullish market than red hammers.
The company owning the applications #Instagram , #Facebook , and #WhatsApp earns over US$41.5 billion by October, a 65% year-on-year increase. This enormous profit is thanks to you and the millions of users who are used as the product sold to the highest bidder.