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XRP: FINALLY💥 RIPPLE Victory in SEC CaseHi Traders, Investors and Speculators of Charts📈📉
Congratulations to all the XRP HODLERS 🤩🥂
(quick recap) ...The SEC case against Ripple was a legal battle between the US Securities and Exchange Commission (SEC) and Ripple Labs, the company behind the XRP cryptocurrency. The SEC sued Ripple in December 2020, alleging that XRP is a security and that Ripple had violated securities laws by selling XRP without registering it with the SEC. Ripple Labs denied the SEC's allegations, arguing that XRP is not a security but a digital currency.
The case went to trial in February 2023, and on July 12, 2023, Judge Analisa Torres ruled in favor of Ripple Labs. Torres found that the SEC had failed to adequately prove that XRP is a security, and she dismissed the case.
The ruling is a major victory for Ripple Labs and the cryptocurrency industry as a whole. It could have far-reaching implications for the regulation of cryptocurrencies in the United States.
👉The SEC failed to prove that XRP is a security.
👉The ruling could have far-reaching implications for the regulation of cryptocurrencies in the United States.
👉The ruling is a major victory for Ripple Labs and the cryptocurrency industry as a whole.
This furthermore confirms my bias for the beginning of AltSeason 2023, check it out here:
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A Bollinger Band Strategy THAT ACTUALLY WORKS (1-Min Timeframe)In this video i'm going to explain you how to use the Bollinger Bands while trading BTC/USD in the 1-Minute and 5-Minute timeframe.
If you have any questions, feel free to leave a comment!
Please Boost this idea if you like it. This will help the algorithm and motivates me to push more educational videos for you :)
Cheers,
Ares
The AI led correctionI still believe a correction is coming and I believe tech will outperform to the downside once again. In the video I look at various megacap stocks and show how many of them are at important resistance levels. Could we sell off and go higher anyway? Yes. Could we ignore all of these indicators and levels and just blow up through them? Yes, possible but not likely.
For me, this is an area to accumulate shorts on tech, but not everyone is going to agree with it.
Technically it makes sense and I believe with all the constant AI talk, psychologically it makes sense as well.
Good luck!
USD buyers ready to test resistance again?Today's focus: USD Index
Pattern – Continuation
Possible targets – 105.60
Support – 103.40
Resistance – 104.20
Today’s update is on the USD index. Do we have a new uptrend? For us, we want to see resistance beaten. If we can see a break, this could set up a new move to 105.60 and a break of that level take price out of its consolidation range and gets an uptrend going. For now, we have a short-term up trend, but buyers have more work to do to confirm it overall.
If we see a new retracement, we want to see support hold. A move back to 102.70 is a worry if you’re on the short-term bull side. With momentum back in the buyer’s court, will we see a break of resistance?
Thanks for stopping by. Good trading, and have a great day.
US T-Bill issuance - measure the liquidity drain on TradingViewIn this video we look at the impending $800b T-bill issuance from the US Treasury to rebuild its cash levels at the TGA – will this lead to higher volatility in financial markets as reserves are taken out of the system?
Will concerns on bank credit kick back up, or will this prove to be a non-event?
We look at the indicators you need can use in TradingView to monitor this situation effectively.
Bitcoin: Could we see a new push down to support?Today's focus: Bitcoin
Pattern – LH, leg lower.
Possible targets – 26,330
Support – 26,330
Resistance – 27,890
Today’s update is on Bitcoin as sellers have started making a solid move against the leg higher we have seen recently. Overall today, money has been moving out of risk currencies and into safe havens. This includes crypto, which has been treated as a hedge in recent history.
Did we see a new LH set up this week, and will today’s resistance hold after that sign set up a new move back to support? If buyers can get back control, we may still see the leg higher live, but for now, we are watching if selling is going to accelerate.
We feel a hold above 27,000 is a key for buyers, and a move back to or through 26,330 support will be a win for sellers.
Thanks for stopping by. Good trading, and have a great day.
USD/CAD Multi-Timeframe and Order Flow Analysis !Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Why Russell Index the most Reflective for Bank Run Crisis?Russell represents the true economy of United States.
There are 2,000 medium size companies with each value between $300m to $2b. The index includes a diverse range of companies from various sectors, including financials, healthcare, consumer goods, industrials, and technology. In my opinion Russell represents the true economy of united states.
If the bank run crisis deepens, it is possible that 2,000 companies will not hold up well. The reasons for this are stated in the video. This could affect the other major indices, with the Russell 2000 potentially leading the pack. The Russell 2000 is considered more reflective of the US economy compared to the other major indices with big names like Apple, Amazon, and Microsoft.
E-mini Russell 2000 Index Futures & Option
Outright:
0.10 index points = $5.00
Micro E-mini Russell 2000 Index Futures
Outright:
0.10 index points = $0.50
Micro E-mini S&P 500 Index Futures & Option
Outright:
0.25 index points = $1.25
Micro E-mini Nasdaq Index Futures & Option
Outright:
0.25 index points = $0.50
Micro E-mini Dow Jones Industrial Average Index Futures
Outright:
1.0 index points = $0.50
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