Author: msmark

2024.03.15 2024.03.15 Will gold fall? Forecast as of 15.03.2024Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/Gold rose to unprecedented heights too quickly to stay there for long. When and why will the correction begin? Perhaps the reason will be the updated Fed forecasts? Let’s discuss it and make a trading plan for XAUUSD.Weekly fundamental forecast for goldJust a week ago, investors wondered why gold was growing so fast. Now, they are worried about how low it can fall. Usually, such a sharp rise is accompanied by some kind of catalyst, which was absent in March. All the trump cards of XAUUSD remain in the game, but they…

The three major indices are closing lower both on the day and for the trading week. The declines are led by the NASDAQ index. A snapshot of the final numbers shows:Dow industrial average -190.91 point or -0.49% at 38714.76S&P index -33.37 points or -0.65% at 5117.10NASDAQ index -155.37 points or -0.96% at 15973.16For the trading week, the Dow Industrial Average was near unchanged. The NASDAQ index was the weakest of the three:Dow industrial average, -0.02%.S&P index -0.13%NASDAQ index, -0.70%Looking at the small-cap Russell 2000 index it rose today but was down sharply on the week:Russell 2000+8.146 points or 0.40% at…

Solana (SOL), the high-speed blockchain darling, has entered a tug-of-war between technical indicators flashing red and a market sentiment surging with exuberance. This paradox leaves investors wondering: is a price correction imminent, or is Solana poised for a major breakout? Solana Faces Technical Headwinds Technical analysts are raising red flags. Ali Martinez, a prominent analyst, identified a sell signal on Solana’s daily chart using the TD Sequential indicator. This indicator has a haunting history with SOL, preceding price drops of 17% to 28% in the past. Based on this historical data, Martinez predicts a potential retracement, suggesting Solana could dip…

The US Dollar locks in gains for this week after hotter-than-expected US CPI and PPI figures. Traders are pushing the initial Fed rate cut towards September. The US Dollar Index trades at a crucial pivotal level that could unlock 104.00. The US Dollar (USD) trades in the green on Friday after markets got shaken on Thursday after a badge of US economic data suggested inflation pressures are far from over. A textbook panic attack took place in markets, with risk assets such as equities and Bitcoin selling off, yields jumping higher with bonds being sold and the US Dollar strengthening against…

The Bitcoin (BTC) market has been on a wild ride recently, hitting a new all-time high (ATH) before experiencing notable volatility that resulted in an 8% drop to the $65,500 level on Friday.  Meanwhile, Marathon Digital, one of the largest US-based Bitcoin mining companies, is preparing to acquire more power infrastructure and streamline operations to meet the challenges posed by a reduction in revenue due to the upcoming April halving event.  Bitcoin Miners Brace For Post-Halving Shakeout According to a Bloomberg report, Marathon Digital plans to acquire additional power infrastructure and expand its mining capacity to keep costs low and…

Join Our Telegram channel to stay up to date on breaking news coverage An investor who bought into Solana meme coin Dogwifhat (WIF) during its early stages missed out on a whopping $28.8 million fortune after selling the investment for a $142,000 in SOL. The investor still realized a substantial profit after paying just $1,170 for 8.18 million WIF tokens five days after it started trading. After the tokens spiked, they were sold for 2,031 SOL worth about $142,000 at the time, said on-chain tracking platform Lookonchain. The Dogwifhat Price Soars To New ATH The Dogwifhat price soared to a…

2024.03.15 2024.03.15 EURUSD: Elliott wave analysis and forecast for 15.03.24 – 22.03.24Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/Main scenario: consider long positions from corrections above the level of 1.0794 with a target of 1.1141 – 1.1350.Alternative scenario: breakout and consolidation below the level of 1.0794 will allow the pair to continue declining to the levels of 1.0688 – 1.0613.Analysis: a bearish wave of larger degree A is presumably completed on the daily chart. A bullish wave B started unfolding, with the first wave 1 of (A) of B and the corrective second wave 2 of (A) of B formed as its part. Apparently, the third…

Bitcoin’s futures market is showcasing signs that have historically signalled bullish sentiment. Analysts are turning their attention to the Bitcoin futures basis—a metric representing the differential between the futures price of Bitcoin and its spot price. Recent data has revealed that this basis has escalated to unprecedented levels since Bitcoin’s all-time high of $69,000 in November 2021. Bullish Indications From Bitcoin Futures Deribit’s Chief Commercial Officer, Luuk Strijers, has highlighted the current state of the Bitcoin futures basis, which ranges between 18% to 25% annually, a rate reminiscent of the market conditions in 2021. According to Strijers’s comment, this elevated…

Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price dropped 7% in the last 24 hours to trade at $68,336 as of 03:14 a.m. EST on trading volume that surged 74% to $78.81 billion. This comes after Arkham Intelligence revealed that Grayscale had shifted around $400 million in Bitcoin to its custodian Coinbase, adding to selling pressure on the king of cryptos. Bitcoin dips below $69,000 as Grayscale transfers over $400 million in $BTC to Coinbase. pic.twitter.com/sdN6ZnwdAr — CoinXander (@CoinXander) March 14, 2024 Additionally, data from the Labor Department’s Bureau of Labor Statistics…

In a recent report by market intelligence firm Chainalysis, it has been revealed that global crypto gains in 2023 amounted to a staggering $37.6 billion. This profit surge reflects improved asset prices and market sentiment compared to 2022.  Although this figure falls short of the $159.7 billion gains witnessed during the 2021 bull market, it signifies a significant recovery from the estimated losses of $127.1 billion experienced in 2022. Sharp Surge In Crypto Gains The report suggests that despite similar growth rates in crypto asset prices in 2021 and 2023, the total gains for the latter year were lower. According…