Daily Analysis (9/24) American Democratic Party's Ms. Harris changes course! However, the market's response is lackluster?
* Since the analysis is based on a 1-hour timeframe, there is a possibility of significant volatility from here. This is being considered as one reference point.
Fundamental analysis.
- On the 22nd, Vice President Kamala Harris, the Democratic Party's presidential candidate in the United States, made her first statement about cryptocurrencies at a fundraising event in New York City.
Ms. Harris: "To build an inclusive economy, I bring together workers, small businesses, entrepreneurs, innovators, and large corporations. To invest in America's competitiveness and future, we must collaborate.While protecting consumers and investors, we encourage innovative technologies like AI and digital assets. We aim to create a safe business environment through consistent, transparent regulations.」
- When confirming the fund inflow into the Bitcoin physical ETF,Recorded a net inflow of 0.397 billion dollars in the week until the 20th.Blackrock's iShares Bitcoin Trust (IBIT) remained at zero, but Fidelity Wise Origin Bitcoin Fund (FBTC) performed well with 0.26 billion dollars. According to the weekly report from asset management company CoinShares, the fund flow for institutional investors' cryptocurrency exchange-traded products (ETP) last week was a net inflow of 0.321 billion dollars.
Technical analysis (rating: 2/5)
The current trend has been a mild decline, but it seems like a reversal may be coming soon?
・米半導体大手エヌビディア(NVDA.O), opens new tabは２８日、第３・四半期（８─１０月）の売上高が３２５億ドル（プラスマイナス２％）になると予想した。市場予想（３１７億７０００万ドル）とほぼ一致する水準にとどまり、株価は引け後の時間外取引で６％下落した。
- Chart Pattern: Sideways market with a downward bias. Particularly lacking direction (2.5/5).
- Moving Averages: Candlestick chart remains above the 5-day moving average. A death cross occurred at 5/21-day moving average around 22:00 on 9/23. Another death cross occurred around 11:00 on 5/50/75-day moving averages.There is potential for a decline in the mid-term, caution is necessary.(1.5/5)
・DMI: Around 9:00, ADX started to rise (followed by RSI falling to around 40→entering a downtrend). It then traded sideways, but a cross occurred with PDI/MDI/ADX at 13:30. (Is a trend reversal imminent?) (3/5)
・RSI×MACD: RSI fluctuated around 65→45 around 13:00 on September 23, returning from overbought levels to the appropriate level. MACD had a Death Cross around 18:00 on September 23. The decline continues thereafter. → Currently in a downtrend, but...Is it time to settle down soon?(2/5)
・Historical Volatility: A sharp decline around 20:00 on September 23. There seems to be no further room for upside afterwards (1.5/5)
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ぴるさん OP : Even if Mr. Harris changes course personally, I would be suspicious of a rapid surge in good materials.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
日々勉強 : If both stocks and bonds rise, I can't help but think that it's time for Grandpa Biden to push through his policies.
ぴるさん OP 日々勉強 : That's exactly right. Even though it's the main policy of the Democratic Party to promote clean and eco-friendly initiatives, is it going too far to suspect a contradiction in promoting a business that is significantly different, such as datacenter mining (from the perspective of increasing electrical utilities)?![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
日々勉強 ぴるさん OP : I think stages are necessary, but it's good to have insurance like Three Mile Island nuclear power plant forecast for next year. It's okay to have a sense of saying it now.