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Hi @KoketsoIG, I hope you are well. Were you able to get any further information from the desk? WBR -
By CryptoSaint · Posted
Bitcoin halving, a pivotal event in the cryptocurrency world, occurs roughly every four years, reducing the reward for mining new blocks by 50%. This mechanism is encoded in Bitcoin's blockchain software to regulate the issuance of new bitcoins and ensure the total supply does not exceed 21 million coins. For traders, Bitcoin halving is significant because it diminishes the supply of new coins, potentially leading to price appreciation if demand remains robust. Historically, the months surrounding halving events have seen rapid increases in Bitcoin's price, fueled by the anticipation of reduced supply and increased scarcity. However, the impact of each halving on BTC price is not guaranteed. Market dynamics, such as demand fluctuations and competition from other cryptocurrencies, play a crucial role in determining price movements post-halving. As the cryptocurrency market matures, predicting price reactions becomes increasingly complex. Bitcoin halvings are integral to the network's design, incentivizing miners to participate in transaction verification by rewarding them with newly minted bitcoins. For every 210,000 blocks, the reward per block halves ensures a controlled and predictable issuance schedule. The rationale behind Bitcoin halvings has been subject to speculation. Some believe they were designed to stimulate early adoption and network growth by distributing coins more rapidly. Others view halvings as a deflationary measure, safeguarding against inflationary risks inherent in traditional fiat currencies. Critics argue that Bitcoin's finite supply and halving mechanism encourage hoarding behavior, hindering its adoption as a medium of exchange. Additionally, the concentration of wealth among early adopters has drawn comparisons to pyramid schemes, raising questions about Bitcoin's long-term viability. Despite the controversies, Bitcoin halvings continue to shape the cryptocurrency landscape, driving conversations about scarcity, value, and the future of decentralized finance. Understanding the mechanics and implications of these events is essential for navigating the dynamic world of cryptocurrencies effectively. -
By tradinglounge · Posted
USD/CHF Elliott Wave Analysis Trading Lounge Day Chart, U.S.Dollar/Swiss Franc (USD/CHF) Day Chart USD/CHF Elliott Wave Technical Analysis DXY Elliott Wave Technical Analysis FUNCTION: Trend MODE: impulsive STRUCTURE: blue wave 5 POSITION: black wave 1 DIRECTION NEXT LOWER DEGREES: black wave 2 DETAILS:blue wave 4 of 1 looking completed at 0.90085,now blue wave 5 of 1 is in play . Wave Cancel invalid level: 0.88948 The USD/CHF Elliott Wave Analysis for the day chart provides insights into the potential price movements of the U.S. Dollar against the Swiss Franc, utilizing Elliott Wave principles for technical analysis. Identified as a "Trend," the analysis suggests that the prevailing market direction aligns with the broader trend, indicating potential opportunities for traders to participate in the direction of the trend. Described as "Impulsive" in mode, the analysis indicates that the current market movement exhibits characteristics of an impulsive wave pattern. This implies that the price is likely advancing in the direction of the trend with strong momentum, potentially offering trading opportunities for trend-following strategies. The "STRUCTURE" is labeled as "blue wave 5," providing clarity on the current phase of the Elliott Wave cycle. This helps traders understand the stage of the trend and anticipate potential reversal points or continuation patterns. Positioned as "black wave 1," the analysis highlights the specific phase of the Elliott Wave cycle within the current trend. This indicates that the market has completed a wave cycle and is potentially starting a new wave cycle in the direction of the trend. In the "DIRECTION NEXT LOWER DEGREES" section, the analysis mentions "black wave 2," suggesting the potential direction for the next lower-degree wave within the Elliott Wave cycle. This implies that the market may experience a corrective wave before continuing its upward movement. The "DETAILS" section notes that "blue wave 4 of 1 looking completed at 0.90085, now blue wave 5 of 1 is in play." This suggests that the corrective wave within the current wave cycle has potentially ended, and the market is now resuming its upward movement. Additionally, the wave cancel level is identified at 0.88948, providing a reference point for invalidating the wave count. Traders can utilize this information to assess potential trading opportunities and manage risk effectively. USD/CHF Elliott Wave Analysis Trading Lounge 4 Hour Chart, U.S.Dollar/Swiss Franc (USD/CHF) 4 Hour Chart USD/CHF Elliott Wave Technical Analysis DXY Elliott Wave Technical Analysis FUNCTION: Trend MODE: impulsive STRUCTURE: blue wave 5 POSITION: black wave 1 DIRECTION NEXT HIGHER DEGREES:blue wave 5(may started) DETAILS:blue wave 4 of 1 looking completed at 0.90085,now blue wave 5 of 1 is in play . Wave Cancel invalid level: 0.88948 The USD/CHF Elliott Wave Analysis for the 4-hour chart provides insights into the potential price movements of the U.S. Dollar against the Swiss Franc, employing Elliott Wave principles for technical analysis. Identified as a "Trend," the analysis suggests that the prevailing market direction aligns with the broader trend, indicating potential opportunities for traders to participate in the direction of the trend. Described as "Impulsive" in mode, the analysis indicates that the current market movement exhibits characteristics of an impulsive wave pattern. This implies that the price is likely advancing in the direction of the trend with strong momentum, potentially offering trading opportunities for trend-following strategies. The "STRUCTURE" is labeled as "blue wave 5," providing clarity on the current phase of the Elliott Wave cycle. This helps traders understand the stage of the trend and anticipate potential reversal points or continuation patterns. Positioned as "black wave 1," the analysis highlights the specific phase of the Elliott Wave cycle within the current trend. This indicates that the market has completed a wave cycle and is potentially starting a new wave cycle in the direction of the trend. In the "DIRECTION NEXT HIGHER DEGREES" section, the analysis mentions "blue wave 5 (may have started)," suggesting the potential direction for the next higher-degree wave within the Elliott Wave cycle. This implies that the market may continue its upward movement, supporting the overall bullish trend. The "DETAILS" section notes that "blue wave 4 of 1 looking completed at 0.90085, now blue wave 5 of 1 is in play." This suggests that the corrective wave within the current wave cycle has potentially ended, and the market is now resuming its upward movement. Additionally, the wave cancel level is identified at 0.88948, providing a reference point for invalidating the wave count. Traders can utilize this information to assess potential trading opportunities and manage risk effectively. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!
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Question
Guest Chicken13
Good morning
I contact you because I have a IG account MT4, I try to connect to metatrader for buy a signal, but I can’t connect and at the bottom I don’t have option signal, can someone help me to do the connection
I try to add my metatrader information for connect community but nothing happen
best regards
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