2024.09.18 2024.09.18 Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 18.09.2024 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Highlights and key points BTCUSD: the price may rise to 65,000.00 in the impulse wave (5). Consider a long position. XRPUSD: an impulse rise to…

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Markets still seem uneasy ahead of this week’s FOMC decision, as intermarket correlations appeared to be a mess even while the U.S. dollar cheered the upside surprise in headline retail sales. Crude oil had its usual volatile run while gold prices eased further from its all-time highs. Meanwhile equity indices closed nearly flat while investors are biting their nails…

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FOMC cut policy rates by 50 bp target range is now 4.75-5.00% 2024 dot down to 4.4%, indicating another 50 bp by year-end (it was line ball, the difference between year end 25bp and 50bp was only one dot) … expectations are currently 25 bp in November and 25 bp in December. longer-run dot was revised higher to 2.9%…

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2024.09.18 2024.09.18 How to Trade Triple Bottom Candlestick Pattern Artem Parshinhttps://www.litefinance.org/blog/authors/artem-parshin/ When conducting technical analysis, traders typically assess price actions regularly formed on the chart. Analyzing patterns and price formations is the most common indicator used in technical analysis, counting about 50 chart patterns, including rare ones and those that can be found almost on every time frame. A…

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Will Australia’s August labor market data help traders jump on AUD/NZD’s uptrend this week? We spotted a potential setup on the 1-hour time frame!

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Honeywell stock is sinking ahead of the FOMC decision on interest rates. Market is split between 25 and 50 bps camps. Samsung E&A announced its partnership with Honeywell on carbon capture technology. HON stock is down 4% year to date.   Honeywell (HON) stock is sinking on Wednesday in the leadup to the Federal Reserve announcing its interest rate…

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2024.09.18 2024.09.18 The Best Crypto to Buy: Your Guide to Investing in Cryptocurrency in 2024 Michael Hypovhttps://www.litefinance.org/blog/authors/mikhail-hypov/ The number of token holders is increasing annually. This is not solely due to the fact that cryptocurrencies are currently in vogue as an investment vehicle. In light of the instability of the traditional financial market, even institutional investors are turning their…

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One of the more important themes we have discussed before is the need for traders (especially the newbies) to focus on the process rather than the profits. The idea is that a good, disciplined trader could always turn the odds in his favor if he has honed his skills enough to deal with whatever scenario is thrown his way….

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