British Pound/Japanese Yen(GBPJPY) 4 Hour Chart Elliott Wave Technical Analysis 23 October 23
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By cryptomaga · Posted
Is very obvious that dogs and cats are the best friend to human considering these are the most prominent meme communities in the crypto space. Well toad, rabbit, ****, bull etc all tried but Cats and Dogs meme remain top community. The love for this two can be traced to the pioneering pet of Atsuko Sato (Cat and Dog), the dogs inspired Shiba inu and doge. Now, the Cats meme communities are pushing for the exposure of “Cate” known as the Kabosu Mama. They believe that CATE isn’t just any cat but a legendary meme feline that has been the best friend to the famous $DOGE and now extends a paw of friendship to $NEIRO. Currently, $CATE is trending after many top exchanges listed the meme. I wonder if this might be the next doge or shiba but considering its tokenomic and total supply I think is worthy to add to watchlist. Also considering this is related to the Sato family will it become the top cat community meme? -
By Cryptowarrior · Posted
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, remained steady around the $58,000 mark over the weekend. This stability comes as a contrast to other popular altcoins like Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC), which all experienced declines. The Market Fear & Greed Index reflected this sentiment, standing at 39 out of 100, indicating a state of "Fear" in the market. Among the altcoins, Nervos Network (CKB) emerged as the biggest gainer with a 5% increase over the past 24 hours. On the other hand, Bittensor (TAO) saw the steepest decline, with a 9% drop in the same period. What to Expect from the September Fed Meeting Fed Meeting Overview The US Federal Reserve’s meeting on September 17-18 is expected to announce an interest rate cut on September 18. The market predicts a higher chance of a 50 basis points (bps) cut compared to a 25 bps cut. Data from CME FedWatch and Polymarket shows a strong likelihood for a 50 bps reduction. Historical Context This will be the first rate cut since March 2020. Previous rate cuts have historically benefited Bitcoin, as seen with the 2021 bull run. Potential Impact on Bitcoin Short-Term Outlook Doctor Profit, a crypto analyst, warns of potential short-term declines in Bitcoin if the Fed announces a rate cut. Market uncertainties, like geopolitical issues, could increase volatility. He advises careful risk management during this period. Long-Term Forecast Doctor Profit remains positive about Bitcoin’s long-term outlook. He expects Quantitative Easing (QE) to increase market liquidity, benefiting Bitcoin. Additionally, liquidity from FTX creditors in Q4 could further support Bitcoin’s price. Future Rate Cuts Citi analysts forecast a total Fed rate cut of 1.25% this year. Further rate cuts may follow the September meeting, impacting Bitcoin and the broader crypto market. -
By tradinglounge · Posted
BHARTI AIRTEL – BHARTIARTL (1D Chart) Elliott Wave Technical Analysis Function: Larger Degree Trend Higher (Intermediate degree, orange) Mode: Motive Structure: Impulse Position: Minute Wave ((iii)) Navy Details: Minute Wave ((iii)) Navy looks complete around 1650-55 range. If correct, expect a corrective Wave ((iv)) Navy before the next leg up. Alternatively, Wave 5 Grey of Intermediate (5) is now complete. Invalidation point: 1423 Bharti Airtel Daily Chart Technical Analysis and potential Elliott Wave Counts: Bharti Airtel daily chart has registered a fresh high around 1600-50 on September 13, 2024. It could be Minute Wave ((iii)) Navy complete as bears look to drag prices lower near-term. Watch out for support around 1500-50 range before the final push higher. Bharti Airtel has been in a religious uptrend since August 2023 after hitting lows around 850 mark, terminating Intermediate Wave (4) Orange. Minor Wave 4 terminated around 1225 on June 04, 2024 and Minor Wave 5 is progressing since then. Furthermore, the stock may pullback in the near term towards 1500-50 range before attempting another high above 1650 to complete Minor Wave 5 Grey. Alternatively, Minor Wave 5 is complete around the recent high (1600-50) and prices should resume lower soon. BHARTI AIRTEL – BHARTIARTL (4H Chart) Elliott Wave / Technical Analysis: Function: Larger Degree Trend Higher (Intermediate degree, orange) Mode: Motive Structure: Impulse Position: Minute Wave ((iii)) Navy Details: Minute Wave ((iii)) Navy of Minor Wave 5 Grey looks complete around 1650-55 range. If correct, expect a corrective Wave ((iv)) Navy before the next leg up. Alternatively, Wave 5 Grey of Intermediate (5) is now complete. Invalidation point: 1423 Bharti Airtel 4H Chart Technical Analysis and potential Elliott Wave Counts: Bharti Airtel 4H chart highlights the sub waves within Minor Wave 5 Grey. Minute Wave ((ii)) produced a potential triangle while Wave ((iii)) looks complete around 1650. If correct, bears should be back in control in the near term to carve Minute Wave ((iv)). Conclusion: Bharti Airtel cold slip lower to carve Minute Wave ((iv)) Navy towards 1500-50 before resuming higher gain towards 1650 as bulls prepare a final push. Elliott Wave Analyst: Harsh Japee Source : Tradinglounge.com get trial here!
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