Elysian_Mind

Elysian_Mind

H ello, The unusually high market activity around the 100.5 level indicated strong bullish accumulation. The yellow ellipses highlight the volume and price levels. You can see that volume decreases both above and below this key level. This accumulation is evident because the price broke out of a bullish consolidation pattern, as shown in the left yellow circle,...

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H ello, As I draft this article, the price of silver is currently hovering above the key level of $31.2. This level is considered "key" because it represents a significant point where large buy and sell forces meet, as indicated by the volume profile at the bottom. The importance of this level is further confirmed by the price action itself. Silver has been in...

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This analysis offers an exploration of XAUUSD (Gold) price fluctuations. Recently, Gold traded at approximately $2400—a crucial support level—and subsequently commenced an ascent within a broadening wedge formation. After surpassing the $2400 threshold, it corrected toward the support line of the wedge; however, it then surged upwards, breaking the $2635 mark. The...

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M&T Bank Corporation: Riding the Bullish Wave - M&T Bank Corporation (NYSE: MTB) Technical Analysis H ello, 1 Introduction Headquartered in Buffalo, New York, M&T Bank Corporation is a regional bank operating in the United States. While M&T is headquartered in New York, it has a significant presence in the state of Maryland and in several of the...

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H ello! XPT broke out from a falling wedge (See green trendlines!) formation with strong bull power, as the MACD shows. It wasn't against expectations since falling wedge chart patterns usually break upward. It's often a bullish formation. Thus, MACD and chart patterns align with a bullish outlook. Furthermore, the price is above EMAs (20/50/100/200). EMAs...

Elysian_Mind

H ello, BTC has been in accumulation since spring this year. The white dotted lines show the accumulation curves. There are multiple cycles, each with a pump and a dump arm. The cycles might be different in size, but they share the green bottom support zone where large investors prefer to buy. Bitcoin has a bullish cross signal from the MACD indicator at the...

Elysian_Mind

H ello, Per the green dotted lines, large players seem to accumulate USOIL. The rising volume data on the bottom chart backs this claim. The price action resolves within a falling channel. This kind of channel usually breaks upwards. The combination of the bullish channel and the accumulative sentiment signals a bullish future for USOIL. The same approach was...

Elysian_Mind

H ello, West Texas Intermediate (WTI) Crude Oil is a major benchmark for oil prices in the U.S. It's widely used as a reference price for oil trading and is a key indicator of global oil market trends. Chart Explanation Moving Averages 5-day Moving Average: $74.80 20-day Moving Average: $73.50 50-day Moving Average: $72.00 200-day Moving Average:...

Elysian_Mind

As per my market review, I predict that the uptrend of the EUR/USD currency pair is about to be broken (a significant reversal) and so it is likely to decline, especially due to strong U.S. fundamentals. The weekly sweep shows that the price is in a consolidation phase; however, the market has not been able to overcome the resistance zone despite various attempts....

Elysian_Mind

This analysis examines Bitcoin's recent price movements on a daily timeframe. The MA200 (200-day moving average) has now been established as resistance; this comes after a failed breakout attempt in September. Recently, Bitcoin tried to surge above the MA200, however, it fell short, concluding the session with a pronounced negative candle, which signifies bearish...

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Hello! Chart Explanation & Indicators EURUSD has been bearish since the weak higher high on 25 September. You find this level in the upper zone. When MACD crossed to the bearish side on 30 September, EUR started a spectacular crash into the bottom zone. EUR pierced the bottom zone and now sits on the trendline. Historically, EUR rallied from this trendline on...

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Hello, EURUSD broke down the rising trendline from the previous analytics. This was to be expected because rising trendlines usually break down over time. The double top pattern on the chart, along with a weak second top on the MACD, casts a bearish shadow onto the chart. Right now isn't optimal to enter shorts, but for educational purposes, you can see the two...

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Hello, 1 Introduction Algotrading or Algorithmic trading has brought about a revolution in the financial markets: automation of trades with the help of complex algorithms. These algorithms execute trades according to predefined rules and are quicker in capturing market opportunities compared to manual trading. HFT in gold HFT-based algotrading has also greatly...

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I) Introduction Artificial swarm intelligence (ASI) has come in as the latest disruptor in trading and other industries in this world. This advanced technology, inspired by the sociobiology of social organisms like bees, birds, and fish, leads to the latest innovations and efficiencies found in the financial markets. Herein lies an informative overview of ASI,...

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Hello, Artificial Swarm Intelligence I wrote an Artificial Swarm Intelligence algorithm to run on popular prediction platforms, and Swarm AI reported more than 80% of traders believe in a BTC crash. That's strange because the same algorithm on social media wrote that BTC was a trending topic. Everybody talks about Satoshi Nakamoto, and these talks often diverge...

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The Infamous Boeing: Accidents Weigth on Price Dear Esteemed Members, Boeing’s stock price has also dropped by 8.5% since Monday after a plane had to make an emergency landing after a part of its fuselage ripped off mid-air. Another plane was grounded after a window fell out during takeoff. Alaska Airlines decided to inspect all Boeings. The competition from...

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Dear Esteemed Members, There are several fundamental factors that could support the oil price reaching $76.09 per barrel, which is the highest level since November 2014. As the global economy rebounds from the pandemic, the demand for oil is expected to increase, especially in the second half of 2024. The International Energy Agency (IEA) projects that global...

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Adoption: Institutions' Positive Sentiment Awaiting BTC ETFs Dear Esteemed Traders, One reason why Bitcoin price could go above $4600 in the next three months is the increasing institutional adoption of the cryptocurrency. According to a survey by Bitwise, almost 90% of financial advisors plan to buy Bitcoin after the approval of spot BTC ETFs. This could...