Eat Fish For Caifan
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$Bitcoin (BTC.CC)$ took a brutal fall recently, briefly dipping below $30,000 for the first time since July 2021.
The world's largest cryptocurrency is now worth less than half of what it was in the fall.
Bitcoin was once called "digital gold", and believed to be a good inflation hedge.
Why didn't things go as they were expected?
The world's largest cryptocurrency is now worth less than half of what it was in the fall.
Bitcoin was once called "digital gold", and believed to be a good inflation hedge.
Why didn't things go as they were expected?
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Eat Fish For Caifan
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$Futu Holdings Ltd (FUTU.US)$ still holding at $73. shag. anyone can tell me wat to do?
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Do you think $Sea (SE.US)$ is fair valued, overvalued
, or undervalued at this point trading at $135?
, or undervalued at this point trading at $135?
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$Tesla (TSLA.US)$ Reverse head and shoulder pattern and slightly broke the downtrend channel resistance line, with earnings coming soon might break ATH.
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Eat Fish For Caifan
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Eat Fish For Caifan
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$Tesla (TSLA.US)$ tesla rebounded off previous 894 ATH resistance turned support. We should see a technical rebound for NDX for next 1 to 3 days. This should bring tesla up to retest 978 support turned resistance. If it doesn't break that resistance, stay tune for 843 gap fill as soon as next week.
As always, trade safe & invest wise!
Do subscribe to my YouTube channel for your once a week TA and market outlook!
https://www.youtube.com/c/investing101channel
As always, trade safe & invest wise!
Do subscribe to my YouTube channel for your once a week TA and market outlook!
https://www.youtube.com/c/investing101channel
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On Wednesday, the Fed said taper may come soon if the economy continues to progress, but didn't announce the specific dates.
This should be the biggest news for the financial market. But wait... what is taper and why is it so important?
What is taper?
Before talking about taper, we should know what QE is —— the opposite of taper.
When the economy is slagging, the central bank tends to lend more money to the market. This aims to increase consumption and investment, which is a good way to take the sluggish market back to normal.
To lend money out, the central bank can lower interest rates or purchase assets such as bonds from the market. These measures are summarized as QE (Quantitative Easing).
Therefore, the opposite of QE —— taper, is taking money back to the central bank, by raising interest rates or decreasing assets purchases.
With rising interest rates, people who are using leverage may choose to sell their stocks because they can't afford the high cost of borrowing. As more people sell, the stock price will fall. As a result, the stock market may react negatively to taper.
How about this time?
On Wednesday, the Fed said the U.S. central bank could begin scaling back asset purchases in November and complete the process by mid-2022. However, after the Fed's announcement, US stocks staged a comeback from their September rout, which is a proof of strong market confidence.
If there is anything else you would like to know, ask me in the comment section below!
This should be the biggest news for the financial market. But wait... what is taper and why is it so important?
What is taper?
Before talking about taper, we should know what QE is —— the opposite of taper.
When the economy is slagging, the central bank tends to lend more money to the market. This aims to increase consumption and investment, which is a good way to take the sluggish market back to normal.
To lend money out, the central bank can lower interest rates or purchase assets such as bonds from the market. These measures are summarized as QE (Quantitative Easing).
Therefore, the opposite of QE —— taper, is taking money back to the central bank, by raising interest rates or decreasing assets purchases.
With rising interest rates, people who are using leverage may choose to sell their stocks because they can't afford the high cost of borrowing. As more people sell, the stock price will fall. As a result, the stock market may react negatively to taper.
How about this time?
On Wednesday, the Fed said the U.S. central bank could begin scaling back asset purchases in November and complete the process by mid-2022. However, after the Fed's announcement, US stocks staged a comeback from their September rout, which is a proof of strong market confidence.
If there is anything else you would like to know, ask me in the comment section below!
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Finally, the selloff is over. Stocks rose after the release of a much-awaited Fed statement yesterday afternoon.
Why did stocks fall this week?
Low rates and easy-money policies from the Fed have helped fuel this year's extraordinary stock-market rally. But the easy-money policy caused inflation and the Fed need to accelerate taper or increase the interest rate to lower inflation. (Read more: What taper is and why it is so important)
Removing that ...
Why did stocks fall this week?
Low rates and easy-money policies from the Fed have helped fuel this year's extraordinary stock-market rally. But the easy-money policy caused inflation and the Fed need to accelerate taper or increase the interest rate to lower inflation. (Read more: What taper is and why it is so important)
Removing that ...
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$Advanced Micro Devices (AMD.US)$ $NVIDIA (NVDA.US)$ if you missed my video or my post mentioning why the drop on this 2 semi con is happening. Do take some time and watch to understand. Those who do not know where the support levels are at, will be buying in and notice price don't stop falling.
Knowing your entry points will minimise losses and maximise profits even for long term investors.
As always trade safe and invest wise!
Knowing your entry points will minimise losses and maximise profits even for long term investors.
As always trade safe and invest wise!
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