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By CryptoSaint · Posted
Solana (SOL) defied the broader market trend today, jumping 7.8% to $153.37 with a hefty $2.8 billion trading volume. This surge comes after a week of 10% gains but a month of overall decline, leaving investors wondering: what's next for SOL? Bullish Signs: Strong Daily Performance: SOL's significant daily gain outpaces the overall market's 2.5% increase, suggesting potential for further bullish momentum. Increased Trading Volume: The high 24-hour volume indicates a surge in investor interest, potentially fueling a price rise. Long-Term Potential: With over $4 billion locked in its DeFi ecosystem and its involvement in popular meme token launches, SOL holds promise for long-term adoption and growth. Bearish Considerations: Whale Activity and FTX Sell-Off: Recent transfers of $1.5 billion in SOL by whales and asset sales by FTX to settle debts could introduce short-term volatility. Uncertain Supply Impact: The full impact of FTX's SOL supply on the market remains unclear, potentially affecting SOL's medium-term stability. Distance to All-Time High: Reaching $200 in the coming months would require a significant upswing, and reaching its all-time high later this year is uncertain. Solana Price Prediction, the exact price movement of any cryptocurrency is inherently difficult. However, based on the current scenario, SOL seems poised for a potential breakout in the short term. However, the impact of whale activity and the FTX sell-off needs to be monitored closely. For the long-term, SOL's utility and growing ecosystem continue to be positive indicators. Whether it reaches $200 in the coming months is uncertain, but a steady climb towards its all-time high later in the year remains a possibility, provided the overall market sentiment remains positive. -
By WilliamMason0 · Posted
In the realm of financial investments, tax policies are a crucial factor, especially when dealing with emerging asset classes like Bitcoin. As a stock market analyst, William Mason delves into and analyzes the tax policies of the Bitcoin ETFs of Australia, as well as the tax treatment for residents of Hong Kong and Singapore investing in the Bitcoin ETFs of Australia. The Bitcoin ETF Tax Policies of Australia William Mason believes that in Australia, individual investors investing in Bitcoin ETFs and gaining capital gains through sales or dividends should adhere to the same tax rules as general assets like stocks. Specifically, capital gains tax is a crucial aspect, with tax rates ranging from 19% to 45% depending on the income level of the individual. Additionally, if investors hold cryptocurrencies for over a year before selling or trading Bitcoin ETFs, they may qualify for a long-term capital gains discount of up to 50%. For corporate investors, the capital gains tax rate is generally 30%, but small businesses may enjoy a tax rate discount of 25%. It is worth noting that dividends distributed by ETFs to non-resident companies or individual investors are subject to a 30% withholding tax, but Bitcoin ETFs typically involve fewer dividend-related tax issues. Tax Treatment for Residents of Hong Kong and Singapore Investing in the Bitcoin ETFs of Australia William Mason points out that in Hong Kong, the income of investors differentials from selling Bitcoin ETFs are subject to income tax, with tax rates generally ranging from 7.5% to 16.5%, depending on the legal entity type of investors. It is important to note that there is currently no double taxation avoidance agreement between Hong Kong and Australia, which may result in investors needing to pay taxes in both jurisdictions. In contrast, in Singapore, income from dividends or gains generally does not require tax payment. However, foreign investors need to declare and pay a 10% capital gains tax in Australia for gains generated in Australia. William Mason expresses that the Bitcoin ETF tax policies of Australia have significant impacts on individual and corporate investors alike. Investors should fully consider tax factors when making decisions and seek advice from professional tax advisors when necessary. William Mason advises investors to carefully assess risks and returns when using the Bitcoin ETFs of Australia and ensure compliance with relevant tax regulations. -
By tradinglounge · Posted
This summary provides a comprehensive Elliott Wave analysis of the NASDAQ 100 (NDX) and major technology stocks including the QQQ ETF, SP500 (SPX), SPY, Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), and Alphabet (GOOGL). It highlights a slow, upward trend in US indices and key stocks, driven by strategic responses to supply constraints and Fibonacci levels. The analysis underscores the importance of managing long positions and taking profits at current price zones, anticipating potential declines. Detailed attention is given to the broader trends in the SP500 and Nasdaq 100, providing a daily guide through the evolving market landscape. Video Chapters 00:00 NASDAQ 100 (NDX) QQQ ETF, SP500 (SPX), SPY, 09:31 Apple (AAPL) 11:42 Amazon (AMZN) 15:27 NVIDIA (NVDA) 18:22 Meta Platforms (META) 22:11 Netflix (NFLX) 23:04 Alphabet (GOOGL) 24:25 Microsoft MSFT 25:37 Tesla (TSLA) 26:40 End Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge. com
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Question
Guest Stef
Hi guys,
Some issues that I have picked up with PRT's automated trading module (ProOrder), and some suggestions:
* Probably the biggest issue is that the backtesting (Probacktest) and automated trading modules (ProOrder) do not behave the same. So, if you get great results with your backtest, don't get too excited, as the automation of this will most likely produce vastly different results. Some of the differences include:
-Pro order will trigger on the open of the next candle after the condition has been met but Pro back test will register the trigger of the trade on the close of the same candle the condition was met.
- Pro Back test cannot determine will your stop or limit will be triggered first if both would've been triggered in a specific candle. In this situation Pro back test will show the trade as if the Limit was triggered first. There is no setting yet to change which of the stop or limit will take priority when this happens but Pro real time is doing development to improve this feature.
- Pro back test will calculate the results using a step of 1 for the trailing stop and this value cannot be changed when testing. Pro Order will execute the step of the trailing stop by using the minimum allowed step distance of the particular market. To determine what the minimum step distance for a trailing stop on a market would be you can open a deal ticket on the IG platform and tick the trailing stop box and the step field will appear indicating the minimum value.
* ProOrder allows you to view the performance of your system while it is executing. This is great! Especially seeing as Probacktest behaves differently. But, there are some problems and shortcomings:
- You can add indicators to the price section of the chart, but not as a separate section underneath!? This is great for displaying PRT or custom indicators that you use as part of your strategy that can be plotted on the price section, but not so great for others that are normally displayed underneath (e.g. MACD, RSI, etc).
- Any indicators that you add will not be there the next time you open the window to display performace again! Common guys! What is the point of being able to add these indicators in the first place? This is especially problematic if you have your own indicators that need a lot of changes to its display properties (line styles, width, etc). It takes a huge amount of time to redo this every time for every system (if ProOrder and ProBacktest behaved the same, this would not have been that necessary, or that big an issue).
- Resizing! The view performance window allows you to resize the sections. But, again, if you reopen it, the sections are back to their original sizes. Why do the equity curve and positions sections have to take up so much space? I am more interested in the price section. This same issue applies to Probacktest also.
That's it for now!
Regards
Stef
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