#Bollinger Bounce

[hengqarae]

reckless driver

PAIRING ❄ kim mingyu x afab!reader WORD COUNT ❄ 10k words GENRE ❄ street racer au, angst, romance, smut (minors dni), the teeniest tiniest smidge of humor WARNINGS ❄ swearing, illegal activity (drag/street racing), making out, extreme pining, whirlwind romance, smut (fingering, protected sex), not proofread, brief hospital scene

you hate racing and you don't date racers. kim mingyu loves racing, and he finds out that he loves you, too, from the moment that he first lays eyes on you.

PLAYLIST ❄ reckless driving by lizzy mcalpine (ft. ben kessler) / yards / gardens by kate bollinger / btbt by b.i. & souljia boy tell 'em (ft. devita) / notice me by sza / nothing but the love by wrabel / with my eyes closed by cults / anyone by seventeen / angel eyes by abba FROM THE AUTHOR ❄ mingyu, crawling up my bias list because of my own fic that i wrote about him... i am a lizzy stan before i am a human, and the first time that i heard reckless driving, i knew that she was singing about mingyu (or, at least, the mingyu that i would one day write about). i hope that you enjoy reading this, and i hope that you are having a wonderful new year <3

You didn’t know what you were getting into when you visited the track that very first time. 

To your credit, you did not visit with the intention of falling in love. Your roommate, Lee Chan, had begged and pleaded for you to accompany him, to indulge, even just once, in this newfound passion of his. He had started racing to pay his bills, but quickly figured out that he enjoyed it. The rush of adrenaline made him feel alive, he’d tell you. You would always follow that up by telling him that he was chasing a high that could kill him one day. 

You didn’t support his racing. You hated saying goodbye to him when he left for races. You always found yourself anxiously awaiting news, tossing and turning whenever you tried to sleep, forced to occupy yourself with something to distract you while you waited for a call, a text, anything to assure you that he had finished the race safely and that he would be coming home at the end of the night. The possibility of getting arrested didn’t really scare either of you; you were mostly afraid that you would lose your best friend, and because of your own stubbornness, you weren’t going to be present if, and when, that happened. That’s the only reason that you started attending races with him. You’ve made sure that you’re abundantly clear about that, too. 

“It’s s'posed to be a really good race tonight!” Chan was practically bouncing in his seat. You hummed quietly in response, eyes trained on his speedometer. He was prone to driving fast when he was excited, and you were nervous enough at the prospect of him racing at all – your nerves didn’t need to be exacerbated by speeding down the interstate en route to the track. “All of the circuits are having their championships tonight, so if I place, I’ll get to move up to C! All the S racers will be there, too. Choi Seungcheol, Joshua Hong, Kim Mingyu – they're, like, gods in the downtown racing circuit.” 

“And which one do I have to thank for bringing you into racing?” 

Chan groans quietly, hands shifting their positions on the steering wheel. “Don’t talk to anyone. Even though I love and adore you, and your opinions are very important to me... I don’t know if your anti-racing agenda will be met very favorably tonight.” 

“What? I said I was going to thank them.” 

“Right.” Chan forces a smile. “Please do not talk to anyone tonight.” 

You huff quietly in response, shifting in your seat and crossing your arms over your chest. You hope that your phone has enough battery to get you through the night. You were definitely not going to watch Chan race, and you doubted that you were going to meet anyone at the track that could offer titillating conversation; that is, you weren’t interested in talking about racing or cars, and it was unlikely that you’d find anyone that could offer much beyond that. You’d likely spend your time in Chan’s car, scrolling through Tik Tok while you waited for him or until your battery died and you were forced to be alone with your own thoughts. 

At least, that had been your intention. When you and Chan arrive at the track, you’re quickly reminded of that saying about best laid plans. 

“Mingyu! What’s up, man?” Chan barely bothers to turn off his ignition before he’s bounding out of his car, greeting another man. One look tells you that this guy – Kim Mingyu, you’re assuming, as Chan had already mentioned him – is a racer, too, and you’re spurred out of the car to give him a piece of your mind. Chan only realizes that you’ve come up behind him once Mingyu’s gaze travels to you, and he’s quick to try and jump on offense. “M-Mingyu, this is my roommate. They... don’t race.” 

“They don’t like racing, either.” You offer, crossing your arms again, leaning against the hood of Chan’s car. You’re uncomfortable with the way that Mingyu is sizing you up, and you don’t miss the smug countenance plastered on his, admittedly handsome, face. Still, you find it difficult to peel your eyes away from his. He’s... hot. You had made it easier to villainize the sport by picturing all other racers to be stout, middle-aged men with receding hairlines. Unfortunately, or fortunately, Mingyu doesn’t fit that picture. 

“Roommates. Is that code for something, or is this actually platonic?” Mingyu keeps his eyes locked with you as he asks, even though you get the sense that his question is directed at Chan. You feel warm under his gaze, unsure if it’s because you’re uncomfortable, or if it’s because you’re finding yourself more and more attracted to Mingyu as you stare at him. Every few seconds, you have to remind yourself that he’s another stupid racer, and for that reason alone, it’s out of the question. 

“N-No, we’re just friends. Nothing like that. Why do you— oh, shit, hold on. Hoshi!” Chan pulls away before he can finish his own question, chasing after another man, leaving you and Mingyu still locked in on each other. His smirk seems to grow even wider, and you shift your weight. You wish Chan had stayed and finished his question. You, too, would like to know why Mingyu had asked. 

As nice as he is to look at, though, if you don’t speak to anyone else tonight, you’ll at least have told Kim Mingyu how you feel about his and Chan’s stupid racing. You won’t back down, even under the warmth that’s blooming across your skin. “Are you the one that brought Chan into this shit?” 

“Dirty words comin’ from such a pretty mouth.” 

“A-Answer the question.” 

Sliding his hands into the pockets of his jackets, Mingyu offers a shrug. “He was already into it when I met him. It was probably...” He looks around after he trails off before focusing back on you. You raise your eyebrows at him, waiting for him to continue, but he doesn’t. He only mimics your expression, raising his own eyebrows back at you. 

“Well? Who was it? Is he here?” 

“I don’t want to tell you.” 

You scoff. “I-I’m not going to hurt them. I just want to yell at them.” 

“Yeah, that’s why.” You knit your eyebrows together and Mingyu’s smirk grows even wider, turning into a full grin now. “I’d rather you yell at me instead. You seem like you’d be hot when you’re mad.” 

You’re at a loss. It’s been a while, if ever, since you’ve been flirted with so shamelessly, and as badly as you want to stay mad about your current situation – your best friend refusing to quit racing despite your constant protests and you, inevitably, getting dragged to the track with him – you're finding it hard to keep it together when Mingyu is looking at you like he wants to devour you. “I don’t fuck with racers.” 

“I think I could persuade you.” 

“I don’t want to be persuaded.” 

“I like a challenge.” Mingyu bends at the waist, meeting you at eye level from where you’re leaning on Chan’s car. You scrunch your nose when you catch a whiff of his cologne, telling yourself that no, you do not like how he smells. “God, you’re so pretty.” 

“Stop flirting with me.” You snap. 

There’s that smirk again. “Okay, angel.” 

You groan, rolling your eyes and throwing your head back. When you lift your head back, Mingyu seems to have gotten closer. If you reach out, you could grab the collar of his jacket and pull him even closer. Your fingertips tingle at the prospect, but you refrain. Instead, you take the opportunity to study his face up close, his smooth, tanned skin and his deep brown eyes and his plump lips. You must have been looking for a while, because Mingyu feels compelled to finally break you out of your trace. 

“You can look and touch, y’know.” 

“Pass.” You scowl, snapping out of it and leaning back, attempting to create some distance between the two of you. “Don’t you need to warm up or something?” 

“I don’t race for another few hours.” 

You set your jaw. What is this guy doing? Why is he wasting his time on you? You’re sure that, somewhere else within the track, he could find plenty of other people willing to swoon over him, ready to fall to their knees and offer him some pre-race stress relief. You weren’t one of those people. You hate racing. You hate that Chan fell into it, and you hate how you become too worried to function sometimes. You had met him in college, and for him to forsake the degree that he earned for the quick, easy money that he was getting now made your emotions flare. His business degree wasn’t going to kill him. Racing, eventually, will. 

The scent of Mingyu’s cologne is making you feel dizzy, enveloped in the scent of him, and under other circumstances, you’d already have him pressed against you. This was one of Chan’s races, though. You get enough of this shit at home from him; you aren’t going to bring any pieces back with you, too, even though you can imagine it would feel really good to touch Mingyu, and to have him touch you. 

Mingyu is perfectly content in standing and looking at you. He thinks you’re the second most beautiful person he’s ever laid eyes on, only behind his mother, and if today is the only day he’ll ever be able to see you, he wants to burn the image of you onto the back of his eyelids. 

You finally reach out a hand, pressing your palm against his chest and pushing him back. Nevermind how firm his chest is and how strongly you’re urged to grip his black t-shirt and pull him forward instead of pushing him back. He smiles even as you widen the gap between the two of you. “Is this what you want? You want me to go?” 

You open your mouth to respond to him, to tell him that yes, he needs to leave, but the words won’t come out. Maybe you don’t want him to go. Not yet, anyway. Maybe you like the way that you feel when he’s looking at you, feverish, skin prickling with a sense of urgency that doesn’t make sense to you. Your insides twist uncomfortably when you look into his eyes, and yet, you don’t want to look away. 

Fuck, you wish that he didn’t race. 

“Just tell me to go away and I will, angel.” 

You can’t. You don’t want to. There’s some kind of magnetic pole within Mingyu’s body, compelling you toward him even though you wish that you could get away. You’re stuck in his orbit, and it’s a little scary. 

“You should stop racing.” You respond, finally remembering yourself. “You’re gonna get yourself killed.” 

“Duly noted. How ‘bout a kiss, just in case I do get myself killed tonight?” 

“In your dreams.” 

“Yeah.” Mingyu laughs, running a hand through his hair and pushing it back at the forehead. “I’ll definitely be dreamin’ about you.” 

Your body moves faster than your brain, finally giving into the desire to have him closer. Instead of pulling him toward you, you’re stepping forward. You like the feeling of having your body pressed against his, but more than that, you like the feeling of your lips pressed against Mingyu’s. He smiles that same insufferable, self-satisfied grin against your lips, but even that doesn’t make you pull away. Instead, you wrap your arms around his neck, pulling him in closer, fingers twirling in his hair. 

He puts his hands, big and warm, on your hips, holding you against him as you sink your teeth into his bottom lip. Mingyu groans in response and you take the opportunity to swipe your tongue against his top row of teeth. His grip becomes impossibly tighter, and he slides his tongue fully into your mouth, alternating between licking the inside of your mouth and massaging your tongue with his. Only when your lungs feel tight and burn from the lack of oxygen do you finally detach yourself from him, chest heaving up and down as you try to catch your breath. Mingyu flutters his eyes open, and the look in his eyes makes butterflies erupt in your chest. 

You untangle yourself from him immediately, running your hands through your own hair this time. “I--we—that--” 

“Was that you givin’ me material for my dreams?” 

“W-We shouldn’t have done that.” 

“We didn’t do anything. You kissed me.” 

“I-I know.” You’re still breathing heavily, your mind jumbled with thoughts of how you kissed Mingyu, how you should not have kissed Mingyu, and how much you liked kissing Mingyu. “That w-was a mistake. I didn’t mean to do that.” 

Mingyu juts out his bottom lip, red and puffy and tantalizing enough that you almost disregard your hesitation and dive in again. “You’re breakin’ up with me already? After all that we’ve been through?” 

“Stop making jokes!” You snap at him. “I-It isn’t funny! That—we--” 

“All we did was kiss. There will be plenty of opportunities to do it again.” You’re grasping at straws, trying to navigate through the fog that’s collected in your brain for a retort, when Mingyu’s phone goes off. He pulls it out of his pocket and, for the first time, you see him without a smile. “Call me, okay? Promise?” 

He backs away without waiting for a response, holding out his pinky finger toward you. You watch him retreat with a scowl on your face that only deepens once he blows a kiss at you, turning his back to you and taking off in a jog toward the racetrack. Once he’s been out of sight for long enough to ensure that he’s actually gone, you groan loudly, covering your hands with your face. Your face is hot, and your hands are clammy, and you keep thinking about how good it felt to kiss Mingyu, soft lips slotting between and sliding against yours, his fingers leaving your skin feeling scorched wherever they touched. 

You don’t know why you kissed him. You had been doing so well, holding yourself back and exhibiting some enviable self-restraint. Still, something in you had snapped, and you don’t know how you’ll be able to recover. On the bright side, you might never see Mingyu again. On the other hand, though, he’d shown a determination that makes you doubt he would let you go so easily. You can only hope that he’s just some playboy; that you’re the latest target of his conquest, that he’ll find somebody else and forget all about you. 

He told you that he liked a challenge, and unfortunately, you like being chased.

+ + +

Mingyu can’t stop thinking about you. He knew that this was going to be a problem when he first laid eyes on you and, lo and behold, he was lying in bed for the fourth night in a row, staring up into the dark, consumed with thoughts of you. 

He doesn’t know when he’ll see you again. He doesn’t know if he’ll see you again. What he does know is that he’s seriously lovesick, and you’re the only thing that’ll be able to cure him. This is not the type of person that Kim Mingyu is, though. Usually, he’s suave and charming, and he gets exactly what he wants... and then some. He’s so good at flirting because he does it so often, and yet, he wasn’t able to charm you completely. You’d kissed him – yes, you kissed him – and then, after his race, disappeared without another word. 

He is not a bad kisser. That’s a fact. And, yet, when you had kissed him, you had reacted like you’d committed some kind of grave sin. Mingyu has been with people that think he’s bad news, but that’s never served as an actual obstacle before. This is uncharted territory. He wants you. He wanted you before he even spoke to you; he wanted you as soon as he got his first glimpse of you. 

Your actions say that you want him, too, but your words have contradicted that, and Mingyu doesn’t know what he’s supposed to trust. He’s on the hook either way. 

He doesn’t know what time it is when he reaches for his phone on his nightstand. He doesn’t even know if this will work, but he’s got to try something. His sanity, and sleep cycle, depends on this. 

“Hey Siri, call Lee Chan.” 

The call gets picked up on the second ring, and Mingyu’s heart rate picks up, too. He releases a breath that he doesn’t even realize he’s been holding when he identifies the voice on the other end of the line. “Chan isn’t here right now. What do you want?” 

“I was calling to ask for you, actually, angel.” Mingyu sits up in bed, grinning into the phone. 

The silence on the other end of the line drives up his heart rate ever more, but when he hears shuffling, he’s able to relax a little. You haven’t hung up. “I’ll ask again. What do you want, Mingyu?” 

“Say my name again.” 

“I’m hanging up.” 

“N-No!” His face burns at how eager he must sound, but he doesn’t care to play it cool. Maybe with somebody else, but not with you. He has too much to lose to try and impress you. “I can’t stop thinking about you. I wanted to ask you to remove the spell you put on me.” 

His words cause your stomach to somersault. Truthfully, you’ve had a hard time since meeting, and kissing, Mingyu, too. You know that chalking it up to love at first sight would only exacerbate things. You don’t think it’s merely lust, though, either – you've always been able to restrain yourself. You’re careful with your feelings and your emotions, and there’s something there between you and Mingyu. You don’t know what, exactly, but you know that it can’t be there. You have enough on your plate, constantly worrying about Chan. You can’t add someone else, someone that does the exact same stupid stuff, into the mix. You need this to stop, for his sake and for yours. 

“I-It’s late and you’re probably just horny. Call someone else.” 

“What?” Mingyu’s incredulousness comes through clearly over the phone, and you nearly cringe at how harsh your words were. Still, you can’t indulge this. You shouldn’t. 

You want to. 

“N-No, I... I’m sorry.” You sigh, running a hand through your hair, frustrated. “Mingyu, I don’t fuck with racers. I told you that.” 

“Your roommate races.” 

“Yeah, and I hate that he does that, okay? I worry myself sick over him when he’s off racing. The only thing that I can be thankful about is that he does drag and not streets. But you do streets, too, don’t you?” Mingyu doesn’t respond, and you scoff quietly. “Yeah, I already know that you do. I-I can’t get involved with someone that risks their life all the time for money.” 

‘It’d be different if I were a cop, though, right? Or a firefighter? That’d make me a hero, right? This--” You hear him pause to take a breath. “I'm in love with you, okay? Completely and utterly smitten with you, to the point that it’s takin’ over my life.” Your breath hitches quietly at his confession, but Mingyu makes no indication that he heard you. “This isn’t my career. We can’t all tolerate cushy bureaucracy jobs. This is what I do now, for money, so that I can stop racin’ one day and retire, then and there. I want to enjoy my life. It’ll be more enjoyable if you’re in it. There is nothing else that I can say except for I’m sorry, and I love you.” 

“W-We just met, Mingyu. It hasn’t even been a week.” 

“I like to go fast.” 

You don’t know what else you can say. You can’t proclaim that you love him, not right now, but you’re sure that in a few weeks’ time, that’s where you’d be, too. Still, you know better. Mingyu is here today, but he could be gone the very next time that he has a race. That terrifies you. 

“I-I don’t know what you want me to say.” 

Mingyu’s at the end of his short rope. He had called in the first place so that he could hear your voice, thinking that maybe it could help him get to sleep. Now, though, he wishes he hadn’t called. He should’ve just suffered through his insomnia and continued suffering through it. It was better than the rejection he was facing. “Nevermind. Just forget it.” 

“Mingyu--” 

“No, angel, I—you kiss me, and then you push me away. You tell me to fuck off, then you tell me that under different circumstances, you’d be interested. I’ve shown you all of my cards, and you’re not interested in anteing up, so just forget it, okay?” 

You end the call before Mingyu can hear you cry. It’s all too fast, and you’re overwhelmed. You want him, but there’s one part of him that you just can’t accept. You aren’t reckless. You like to think things through, and you don’t do things on a whim. Kissing Mingyu had catalyzed a panic within you that you had lost control, and if you lose control once, you’re bound to do it again. It feels like you’re being backed into a corner with two options to get out: take Mingyu completely as he is or swallow your obvious feelings and leave him as he is. You clutch Chan’s phone tightly against your chest as you sob quietly, hot tears rolling down your cheeks even despite your attempts to stifle them. 

Mingyu, similarly, can’t believe what just happened. He’s too reckless. He bared himself to you too early, and the consequences that he’ll reap will not be good ones. He can’t help how he feels about you, and nobody feels more intensely than Kim Mingyu. He knows that he fucked up. He knows that he can’t come back from this, and he needs to cut his losses and find a way to get rid of his feelings for you. He doesn’t know how he’ll accomplish it, but if he never sees you again, that’ll probably be the fastest way he’ll be able to heal. He’s never cared for someone so deeply before he met you. He’s never known so immediately that he’s been in love. You’re it for him, and he doesn’t know what to do now that he’s already lost you.

+ + +

You shouldn’t have come. You knew that before you got into Chan's car, but now, with Mingyu’s gaze practically burning a hole into the side of your head, it’s been made abundantly clear. 

“Why is he looking at you like that?” Chan whispers while you shift your weight. “You never told me what happened between the two of you.” 

“I don’t want to get into it.” You mutter, willing yourself to look forward and not over at Mingyu, watching you from a distance like a predator observing its prey. It’s been weeks since your phone conversation. You were no less convinced that you were going to be able to forget about him, and a small part of you had hoped that you would come tonight and see somebody else draped around his arm, shocking you back into a state of rationality. 

That isn’t the case though, obviously, and you had to beg Chan to keep to you so that you aren’t vulnerable. You don’t know what you should expect from Mingyu. He’s reckless and volatile, and the way that you feel when you’re around him is... scary. As brief as your first interaction had been, you left with the sense that, if enough time had passed with you in his proximity, he would have replaced the necessity of air with himself; he would’ve become your air, and you would’ve suffocated without him. 

There’s something fantastic about the way that Mingyu has made you feel like you’re breathing and drowning at the same time, with just one little kiss and a simple love confession. 

“He's looking at you like you murdered his dog. Now he’s-- okay, now he’s looking at his phone... he’s looking at you again.” 

“I don’t need the play by play, Chan, thanks.” 

“Tell me what happened!” 

You shake your head. “I really don’t want to talk about it.” 

“Fine, then I’m leaving.” 

Your eyes widen and you turn to grab Chan, to pull him back and to keep him as your wall against Mingyu, but he’s out of reach before you’re able to react. In a matter of seconds, Mingyu has crossed the way and is standing in front of you, arms crossed tightly over his chest. You stare at him, horrified. 

He just scoffs. “You’re cruel, you know that?” 

“I-I’m not here--” 

“Yeah, whatever, you’re not here for me.” His hostility takes you aback, even though you know it’s deserved. You can tell from body language alone that Mingyu is still hurting. His words and tone of voice merely confirm that for you. “I-I don’t know how I’m supposed to get over you when you continue to show up to my races.” 

“It’s been weeks already, Mingyu.” 

“Yeah? And has the passage of time made you feel any better?” You don’t respond, turning away so that he can’t notice the tears brimming at your waterline. You’re biting your cheek to keep them from spilling. Mingyu knows better, though, and softens. Just a little. “I told you that I loved you, and I still do. I’m willin’ to do anything for you – anything except quit.” 

That’s the only thing that you need from him, though. “We barely know each other. You don’t love me.” 

“You don't know how I feel. You haven’t bothered to ask.” 

“B-Because you tell me even if I don’t ask! You don’t know me well enough to say that you love me.” 

“I can say whatever I damn well please.” He scoffs, tongue poking the inside of his cheek. “There is somethin’ between us, you can’t deny that, and I’m willing to do whatever it takes to foster this spark that we have. That’s love, isn’t it?” 

“That’s--” You cut yourself off, groaning in frustration. His words make your knees feel weak, but you’re not ready to let up the fight. “You’re too nonchalant about this for it to be love. It’s supposed to be something bigger. You can’t just look at someone for the first time and decide that they’re it for you!” 

“I can, and I did.” 

You shake your head, wiping away a stray tear with the heel of your hand. “I-I don’t love you.” 

“You don’t, or you won’t?” 

“You’re a danger to yourself! If you loved me, truly, then you wouldn’t put me through the risk of losing you every time you get behind the wheel.” 

It’s Mingyu’s turn to shake his head. “That’s all I am, then, yeah? I’m just a stupid guy that drives fast for money, and that’s all I’ll ever be?” Even when you open your money to respond, he ignores you and continues talking. “You’re doin’ this on purpose. You don’t want to admit to yourself that I’m more than what you’ve chosen to see. You won’t even give me a chance to be anything else.” 

The conversation is starting to make you dizzy. You press your middle finger to one of your temples, rubbing small circles against your skin. “It was just one kiss, Mingyu.” 

“Then kiss me again and show me that I got worked up over somethin’ that I shouldn’t have.” 

You can’t. You shouldn’t. You know exactly what needs to happen in order to prove to him that you aren’t the one, that he should back off and keep searching for the true love of his life, and you also know that you aren’t going to be able to fake it. You don’t feel your emotions as intensely as Mingyu does, but you’re never going to be able to escape this whirlwind if you kiss him now. 

You kiss him anyway. 

Your hands are trembling as you hold his face, pulling him in and pressing your lips against his. He lets you take the lead, slowly slotting his lips between yours only after you’ve initiated movement. Your actions are impossibly calculated as you try to exercise restraint, but, once again, you forget yourself. Your hands work their way into Mingyu’s hair – it's gotten longer since the last time that you did this – and you grip the strands tightly as you pull him closer. He, on the other hand, remembers his manners. He smiles against your lips before he pulls away, and the soft whimper that he hears from you nearly makes him dive right back in. 

“You’re so full of shit.” He whispers, eyes still closed, his lips ghosting against yours. “You love me.” 

“I-I don’t.” You respond, breathless. 

“Yeah?” He presses his lips against yours again, pulling away when you try to pull him closer and deepen the kiss. He’s taunting you, and you hate that you like it. You hate that he knows exactly what he needs to do to keep you wanting more. “Then we’re done here, I guess.” 

“No, we’re not.” Whispering against his lips draws a shiver up your spine. “Don’t go.” 

“You don’t love me, remember?” 

“Come home with me.” Mingyu stills against you, swallowing thickly. He hopes that you can’t hear his heart thumping loudly against his ribcage. “Skip your race and fuck me instead.” 

His chest tightens, as does his grip on your hip. “You’re---that’s not fair.” 

“I’m in love with a guy that does everything that I stand against. Life isn’t fair.” 

“R-Right.” Mingyu presses his forehead against yours, his eyes shut as he resumes his ministrations against your skin. He can’t believe how the tides have turned, but he’s not going to ruin it. Not again. Both of you are quiet as you even out your breathing, but finally, Mingyu cuts through the silence. “Counteroffer. I fuck you after my race when I’m ten grand richer.” 

“Get a real job, and then I’ll be impressed by you making money.” 

“Like a cop, right?” He punctuates his sentence with a kiss. “Or a firefighter?” Another kiss. “Aren’t men more attractive when they have money?” 

You exhale deeply as you pull yourself away from Mingyu. “Look, I—we—there need to be rules if we’re going to... be something. T-Together.” Mingyu raises his eyebrows in anticipation, and you sigh again. “Sex is a reward that you get when you skip races.” 

“That’s a punishment for both of us.” 

You ignore him and move on. “I don’t want to know details after the fact. Let me know as soon as possible if you’re alive or not.” 

That gets a laugh out of him. “Okay, I promise I will let you know as soon as I can if I die.” 

“That’s... all. For now.” You clasp your hands together, tilting your head as you look at him. “So? Are you skipping tonight.” 

“Baby, it’s ten grand.” Mingyu whines, reaching out and taking both of your hands in his. Your heart skips a few beats while he laces your fingers with his. “I’ll skip the one I have tomorrow. Promise.” 

“Maybe I won’t want to have sex with you tomorrow.” You lilt your words, looking to the side. 

Mingyu sighs loudly, swinging your hands gently. “I’d be content to sit and stare at you, too.” 

+ + +

As expected, Mingyu wins his race and the ten grand. As promised, he skipped his race on the following day and came to see you instead. That’s why you’re in his lap, and why his shirt is already off, and why you’re sure that he can feel how wet you are through your shorts. You opted to forego underwear in favor of easier access, and you made sure to encourage Chan to go out for dinner after his own race, too. 

“You’re such a fuckin’ tease.” Mingyu rasps, sliding a hand under your shirt. His hand travels against the expanse of your abdomen before cupping your breast, settling there to squeeze and knead your flesh as he continues sucking bruises against your collarbone. “Playin’ hard to get but wantin’ me just as bad.” 

“D-Dirty words coming from a p-pretty mouth.” You gasp, paying homage to something he’d said to you the first time that you met. 

Mingyu smiles against you, the feeling of his teeth grazing against the tender spots of your skin making you shiver. “It gets dirtier, angel, don’t worry.” 

You roll your hips against his, eliciting a groan. That spurs you on to do it again, pausing to gyrate against his erection, whimpering quietly at its contact with your core. There are layers of clothes in the way, but you know they’ll be gone soon enough. For now, the sweat collecting on Mingyu’s forehead, the parting of his lips, and the grunts and groans spilling from them are enough to keep you occupied. He squeezes your breast in response to the friction, using his other hand to cup your neck and pull your face down for a kiss. 

You sigh against his lips, and he takes the opportunity to slip his tongue into your mouth, languid movements that correspond well with the rhythm that you’re using to grind on his lap. He pulls away after only a few minutes, eyes following the trail of saliva connecting the two of you until it breaks, and then he looks at you. His pupils are blown out – probably just like yours – and your stomach flips at the wicked grin that blooms on his face. 

“Can I fuck you with my fingers first?” 

The words ignite a fire that quickly spreads across the expanse of your skin. You grip Mingyu’s shoulders and lift yourself off of him, hovering above his lap so that he can pull your shorts off. He groans when he sees that you aren’t wearing underwear, and his mouth waters at the prospect of tasting you. Today, he’ll go easy and prep you with his fingers. Next time, though, he wants his tongue buried in your folds until you’re begging him to stop. 

“Such a tease.” He says again, laughing to himself. “Turn around.” 

You do as he says, and he eases you against him with gentle hands on your shoulders. Your back is pressed against his chest, your heartbeat can be felt so strongly that someone could take your pulse by pressing just about another, and when Mingyu hooks his legs under yours to keep them wedged open, you know that you’re done for. 

He drops his chin and lets it rest on your shoulder, watching as best as he can as he slides his index finger up and down against your entrance, collecting your arousal. “I can’t believe you tried to keep this pretty little pussy from me. It’s mine now, though, isn’t it?” 

“Y-Yes,” You stutter out, gasping once Mingyu inserts his finger. He’s only partially inside, only to the second knuckle, but his fingers are so much longer than yours, and every other time you’ve fingered yourself doesn’t compare to how good it feels to have him inside instead. “It’s yours.” 

“Yeah, it is.” He coos, sliding his finger out and then back in. His rhythm is slow, and his movements are shallow, but as soon as he feels you relax, he’ll give you more. Normally impatient, Mingyu has all the time in the world to fuck you properly. He presses kisses against the side of your neck while he builds up a faster tempo, strands of hair falling over his eyes and tickling the underside of your jaw. You exhale quietly, and once he feels your shoulders drop, he inserts his finger completely on the next thrust. 

You whimper against him, back arching, and he uses the opportunity to wrap an arm across you diagonally, cupping your other breast through your shirt. “Don’t run away from me. I want you to be all stretched out and ready for my cock. You want my cock today, don’t you?” 

“Fuck.” You groan, tilting your head back to rest against Mingyu. He’s gradually picking up speed, and the way that you clench at his words only encourages him to do more; to say more, and to add another finger. So that’s what he does, slow as he brings in his middle finger, starting at just the second knuckle so that you can adjust to the feeling. “I want your c-cock.” 

“I know you do.” He presses his cheek against the side of your head, his lips positioned right against your ear. “You’re gonna get my cock. You’re gonna take it, all of it, everything that I give you tonight.” He punctuates his words by sliding both of his fingers into you fully, and the curl of his fingers makes you cry out involuntarily. He grins to himself and goes again, reaching for that same spot inside of you, grinning even wider when you cry again. “There we go. That’s where my baby likes to get fucked, yeah? Wish my tongue could go that far.” 

“Y-Your cock can reach.” 

Mingyu laughs out loud, stilling his fingers inside of you to stroke your g-spot again and again. “That’s true. I’ll make you cum with my cock next. Sound good?” You’re trembling in his arms, your legs having tried to clamp shut several times. He falls into a rhythm of cramming his fingers inside, hooking them and nudging your g-spot with them, and sliding them back out, and he gets so focused on making you cum that he furrows his brow, lips parted in the concentration. 

You’re panting loudly now, thrashing as best as you can in his hold, unable to run from the pleasure that’s edging closer and closer. “M-Mingyu--” 

“Fuck, say my name again, baby.” 

“K-Keep—fuck—M-Min--” 

“You’re doin’ so good. My pretty baby, such an angel.” 

It’s the praise that finally sends you toppling over the cliff; that, and his thumb kneading your clit, which you hadn’t even noticed until he stills his movements. You clench around Mingyu as you orgasm, and his ego grows three sizes at the ironclad grip that your pussy has on his fingers. He brings his free hand up to stroke the side of your face as you come, still pinning you against him with his forearm to keep you from slumping forward. “You don’t wanna let me go, huh? Want to stay like this forever?” 

“N-No.” You sigh, the stars in your vision finally subsiding. Your chest heaves up and down as you work to catch your breath, leaning back against Mingyu and turning your head to place a kiss against his cheek. “You promised to fuck me properly. Unless you’re too tired...” 

“Angel, if you’re implyin’ that I’m all speed and no stamina--” 

“I’m not implying anything. I’m wondering why your dick is still in your pants and not inside of me.” 

Mingyu stares at you, then blinks, and then smiles. It’s a real, genuine smile, not his signature smirk or crooked, self-satisfied grin. He tilts your chin up to place a proper kiss on your lips and then reaches behind him, blindly feeling the top of your nightstand until he finds the condom he’d brought. He eases you off his lap and fully rolls off the bed, offering you reprieve while he brings his cock out of his shorts. You watch with half-lidded eyes as he pumps himself, rolling on the condom with haste you haven’t seen from any of your previous sexual partners before. 

“We’re gonna go slow, okay?” He asks, slotting himself between your legs. He’s careful as he maneuvers himself around your limbs, groaning to himself once you wrap your legs around him and cross your ankles. You’re so eager now, but just yesterday, you almost rejected him for the second time. “Th-- y-you’re not going slow, angel.” 

“I thought you liked to go fast.” You draw out your words, lilting your voice. Mingyu ignores your comment, just this once, and grips you by one of your hips. He’s concentrated as he lines himself up at your entrance before letting go of his cock and swiping a finger against your folds again. You furrow your brows, sitting up as best as you can to look at him. 

He has the finger in his mouth, sucking and swirling his tongue around it. He only notices you staring at him once he pulls it out of his mouth. He grins, a little bashful, as he looks back down and grabs his dick again. “I forgot to taste you.” 

You clench around nothing at his words, groaning softly, but when he finally presses the tip of his cock against your slit, it feels like a jolt of electricity. You do your best to lay still as he inches inside of you, stopping every time that he feels resistance against him, but the tip of his cock nudges against your g-spot when he finally bottoms out and your back arches. Your hands flail around, looking for something to hold, something to keep you anchored, but you just have to settle for gripping the sheets on either side of you. You crumble the fabric in your hands, eyes squeezed shut, letting yourself adjust the feeling of Mingyu inside of you. 

Maybe today will be fine, but you can easily foresee having an insanely hot boyfriend with a big dick as being a problem in the future. 

“Let me know when I can move, baby.” 

“Can’t we just stay like this forever?” You sigh, lolling your head to the side and looking up at Mingyu. The sight makes your heart flutter; his hair is sweaty, pushed back at the forehead but with strands still obscuring parts of his vision; the different scratches, bruises, and bites that you’d given him while making out were finally starting to bloom red on his skin. He’s looking back at you, and the look in his eyes makes you think that he’d be content with that, too. “You can quit... y’know, your job... and just become my trophy husband. Keep the house clean and fuck me through my Zoom meetings.” 

“Sounds like a dream. Did we really go this far just so you could cockwarm me, though?” 

“No.” You laugh, reaching out for Mingyu. He meets you halfway, taking your hand in his and pressing a kiss to the back of your hand. “You can move now.” 

You don’t hear it clearly, but you swear that Mingyu whispers Thank God to himself before he slides his hands just above your ass, hoisting up your hips for the best angle. His initial pace is slow, painstakingly slow, but the string of moans that falls from your lips spurs him to speed up. At first, he sheaths himself completely inside of you before pulling almost completely out, leaving just the head of dick inside before thrusting back up into you. As he continues, though, he’s more urgent. He wants to minimize the amount of time he spends not inside of you, so his thrusts become shallower. He’s soon thrusting into you at breakneck speed, slowing every so often to make sure his angle is right and that you’re enjoying this just as much as he is. 

“How we doin’, angel?” 

“I want to ride you next time.” 

“Fuck.” Mingyu groans, sliding a hand up to caress your calf. The room is quiet, save for the squeaking of your bedframe and the sound of Mingyu’s balls slapping against you with every thrust. Every so often, he thrusts perfectly, and you’re brought up from the bed again. Mingyu curses himself that he didn’t ask you to take your shirt off – this would all be even better if your tits were bouncing in his face. “A-Are you close? What do you need from me?” 

You hold out your hand, and he grabs it. You’ll be able to show him better than tell him. You lead his hand down, pressing his thumb against your clit again. He immediately gets to work, rolling the nub between his thumb and index finger, and you hold onto his wrist as you gasp for air. His touch is cool against your feverish skin, and you tell yourself that you’re royally fucked just as Mingyu’s thrusts become staccato. 

“I--I’m--” 

“Inside, Mingyu, p-please.” You sigh, using your free hand to caress his bicep. “Cum inside of m-me.” 

“A-Are you s-s--” 

You draw him in closer to you, and the squeeze his body against yours, and the squeeze of your pussy around him, does exactly what it should. He’s loud as he cums, his body spasming as he shoots inside of you. You’re disappointed at the lack of warmth, warmth you would’ve felt if he hadn’t worn a condom, but there will be time for unprotected. For now, you squeeze your eyes shut, trying to bring yourself to orgasm while Mingyu rides out his own. 

You’re afraid that you’ve lost it, but Mingyu recovers quickly enough to resume his ministrations against your clit. For good measure, he leans down and kisses you, and all of the sensations – his cock still inside of you, his fingers on your clit, his tongue shoved down your throat – are enough to bring you back up and back over the cliff. Your whimpers are drowned out by Mingyu’s grunts as you squeeze around him. He lowers himself onto you completely as you ride out your orgasm, trembling and spasming underneath him until you’re finally able to go still. He finds enough energy to lift his head and look at your face, laughing when he notices the tear that’d rolled down your cheek. 

“Cute.” He reaches up and brushes it away with his finger, letting his arm drape across you. You don’t know how long the two of you lay like that; Mingyu, pressed on top of you, his cock still nestled inside of you, one arm draped across your body with his face nuzzled into your neck and you, pinned against the mattress, one hand caressing his back while the other cards through his hair. It feels like it’s been mere seconds, but an eternity could pass, and you’d still feel like it wasn’t enough time.

+ + +

It’s the call that you always expected, but simultaneously, always hoped you’d never get. 

You’re numb as you rise from your bed, rifling through your drawers in the dark for clothes to change into. It doesn’t feel like you’re responsible for moving through your bedroom, getting dressed as best one can when they can’t feel anything. Chan is already waiting for you at the front door, unwilling to look at your face as he leads you out, locking the door behind the two of you and following you into the elevator just as the doors start to close. He must’ve gotten a call, too. 

It feels right to drive in complete silence. You’re unable to convince yourself to bring your eyes into focus. Maybe, if you don’t look, then this won’t be real: you aren’t actually en route to the hospital’s emergency room, and you didn’t actually get a call from an unknown number, telling you that Mingyu had crashed during his race and that he was in an ambulance on the way to the hospital. Chan isn’t actually driving you, speechless and quiet for the first time since you’d met him. You aren’t actually being led through the tiled corridor of the hospital, harsh fluorescent lights guiding your venture down the endless hallway toward your boyfriend’s room. 

Mingyu is drinking from a juice box when you finally set eyes on him. That little fucker. 

All things considered, he looks fine. His left arm is in a sling, and there’s a deep horizontal gash underneath one of his eyes, and there are bruises starting to bloom along the crook of his neck. Otherwise, though, he’s fine. He isn’t intubated, and actually, the only other things attached to him are an IV and the heart rate monitor clipped onto his finger. 

Chan enters the room a few seconds after you, letting out a huge sigh of relief at the sigh. He holds a hand to his forehead before swinging back around and stepping outside. He knows that he doesn’t want to hear the words you’ll choose to say to Mingyu. 

“I love you. I love you so, so, so much.” 

“Fuck you.” You spit, drawing in your arms and crossing them over your chest. He knows that he deserves this, but he still winces at the venom dripping from your words and the daggers that you’re shooting at him with your eyes. “I thought that you died, you fucking asshole! You—I am so fucking mad right now, I don’t even know what to say.” 

“I’m sorry. I-I was careful, I promise.” 

“You’re a fucking liar! You’re in the hospital, Mingyu. Careful people don’t go to the hospital!” 

You sit on the chair in the corner, purposefully away from your boyfriend, even though you didn’t miss the way that he scooted to the side in his bed to make room for you. You’re able to see his face better from this angle. He looks... tired. The bags under his eyes are more pronounced, and for the first time since you’ve met him, he doesn’t look happy following one of his races. Figures, since he’d crashed his car. Still, there’s something different about him today. 

“You must’ve been worried. I’m sorry, my angel.” 

You sigh loudly, shaking your head. “I don’t want you to be sorry. I want you to be my boyfriend that works a shitty job. Hell, you don’t even need to work. We can survive on my income, and I can come home to you every day and that’ll be enough, because I’ll be happy, and you’ll be alive.” You take a breath after your monologue, exhaling slowly. “Because that’s the bar that you’ve set. I’m just happy that you’re still breathing.” 

“I have somethin’ to say, too.” You look up at him, raising your eyebrows and clasping your hands together. Mingyu chews on his bottom lip for a few moments before he sighs, too. “I’m a racer. I’ve been racin’ for... God, I don’t know. I’ve been racin’ for a long time.” You let your head fall, anticipating what he’s going to say. “All that I’ve ever cared about is going fast and makin’ money. And then I met you, and my priorities... shifted. A little.” You squeeze your hands together, willing yourself to calm down. Mingyu was proving your assumptions wrong with his words, but you don’t want to get ahead of yourself. 

“You... I think I’d rather die than lose you. I-I guess, if I died, that I would lose you, but th—that's not the point. I started fallin’ in love with you the very moment that I first saw you, and since then, I haven’t wanted to take my eyes off you. You’re everythin’ to me now. Racin’ is... I’ll quit. I’m sorry, and I love you, and I’ll quit if it means that we’ll stay together.” 

Hot tears are already rolling down your cheeks, and as hard as you try to keep that from Mingyu, your sniffling gives you away. He coos from his place in bed and starts to throw his blankets off to approach you, but you hold your hand up and he stills. Offering another sniffle, you rise from your chair, sitting on the edge of his hospital bed. He looks at you, expectantly, and you, begrudgingly, reach out a hand. You weren’t expecting to forgive him so quickly. 

“Can you look at me? Please?” 

“Not right now.” 

“Angel, please.” Mingyu takes your hand, trying to tug you closer to him. “Look at me. I just... you’re doin’ that thing again, where you let me bare my soul and then don’t really respond.” 

You shake your head, tears flying from your eyes and landing on the hospital blanket covering Mingyu’s legs. He scoffs, using his other hand to reach forward and tilt your chin up. Seeing you cry makes his heart split and shatter, and tears start to form in his own eyes. 

“I’m so fucking mad at you, Mingyu.” 

He bites his tongue to refrain from cracking a joke, as he normally would. Instead, he strokes the back of your hand with his thumb. “And I want to stick around, so that I can keep makin’ you mad.” 

“You promise?” You ask, searching his eyes for any hint of dishonesty. “You’re really done racing?” 

“I don’t break my promises. Not the ones that I make to you. I promise, I swear, that I’m done.”

+ + +

“Baby, it’s late. Can we just go to sleep? Please?” 

“I’m making room in your closet for my clothes, Gyu.” You scoff, pulling out another jacket. You glance over it before flipping it around, showing it to your boyfriend. “Do you wear this?” 

He furrows his brows, thinking it over before dismissing you with a wave. “Not really.” 

“Okay.” You toss the jacket into the box you’d designated for donating, dropping the hanger on the closet floor. Mingyu yawns loudly, stretching out in the middle of his bed. You know what he’s doing; he’s trying to entice you into joining him. He wants to persuade you to stop doing the task that he’d already put off for weeks in favor of crawling into his lap, maybe going to sleep or maybe not. Still, you’re not ready to quit yet. You pull out another jacket and repeat your actions, holding it in front of you for Mingyu to inspect it. 

“Donate.” 

You nod, silently agreeing with his decision. You reach back into the closet, reaching for the next jacket to pull out, but your fingers freeze when you realize what you’re touching. You pull out the leather jacket slowly – Mingyu's racing jacket. It’s the one that he was wearing the first time that you kissed him, and the second time. He wore it for your first date, claiming that it was ‘good luck,’ and he even wore it that one time that you let him fuck you against the hood of his racecar. You hold your breath as you turn around, and Mingyu’s expression darkens when he realizes what you’re holding. 

He doesn’t know how to play this. It’s been months since his accident, which means it’s been months since he quit racing. He misses it sometimes, but you’re more important to him. He lets each day drag on so long as they promise, that at sundown, he’ll be able to come back to his apartment and you’ll be waiting, smiling, happy, healthy. That jacket means a lot to him. 

“Donate.” 

You mean more to him. 

“Aw, really?” You whine, looking back down at the jacket. Mingyu scoffs and pushes himself further up on the bed, watching closely as you run your fingertips along the leather. “You looked so good when you used to wear this. I think my mouth was watering the first time we met.” 

“Fuck off.” Mingyu laughs, waving you away again. “You keep it then, angel. I looked good in the jacket because I’m good looking. Please don’t attribute my good looks to my jackets.” 

You put the jacket back into the closet regardless, finally shuffling across the room to the bed. You sigh as you let yourself fall onto the mattress, groaning as Mingyu rolls you onto your stomach and then tugs you closer to him. You let him do all the work, only shifting once he’s positioned underneath you. You let one of your hands snake underneath his shirt, resting on his abdomen and applying pressure, just for good measure. 

“Do you miss it?” You whisper, cheek smushed against his cheek. 

“Sometimes.” Mingyu whispers back, tracing shapes against your back. “I think it suited me. I was good at makin’ split-second decisions, and it worked because the only person affected by those decisions was me. And then...” He trails off, considering his next words carefully. “Then I met the love of my life, and they tried so hard to hate me and push me a—hey!” 

He whines as you pinch him, prying your hand off him. He tsks at you, shaking his head before continuing his story. “As I was saying, the love of my life wanted to push me away ‘cause they didn’t want to be attached to someone with so little regard for their own life. And I couldn’t blame them, y’know? I wasn’t happy about it, though, so I kept tryin’ and, somehow, it worked.” 

“I already know the story, Gyu.” You grumble. Still, you’ll never get tired of hearing him refer to you as the love of his life. You still have no idea how he knew, from that very first moment, that it had to be you, though. “I love you too. I don’t think I say it enough.” 

“I didn’t want this to become sappy.” He sneers, pinching your cheek. “I was actually hopin’ that you’d ride my face.” 

“I’m tired.” You yawn, replacing your hand on his chest, over his shirt, and rubbing up and down along his abdomen. “I could give you a hand job, though.” 

“Don’t want that.” Mingyu groans. 

You lift your eyebrows in surprise. Your boyfriend, turning down a hand job? You lift your hand up and press the back of it against his forehead. “You don’t have a fever, though.” 

“You’re annoying.” He scowls. “You just told me that you don’t want me to eat you out, and I’m not makin’ a big deal of it.” 

You let your hand drop from Mingyu’s forehead, tracing your fingertips along his jaw. “If we’re both tired, we can just fuck in the morning.” 

“We don’t fuck in the morning.” You offer him a quizzical look. He wraps both of his arms around you, squeezing you and rolling both of you until you’re on your back and his cheek is pressed against your stomach. “In the morning, we make love.” 

“Didn’t you call me a slut the last time that we made love?” 

He lifts his head up, narrowing his eyes at you. “You liked it.” 

“Yeah, I did.” You sigh, easing your fingers through Mingyu’s hair and forcing his head back down, onto your stomach. “Where do you think you’d be if we hadn’t met?” 

“Wildly unhappy.” He scoffs. “Dead. What about you?” 

You hum quietly, scratching against his scalp. “Probably... also unhappy. Well, I don’t think that I wasn’t happy before I met you, but I think, right now, I’m the happiest that I’ve ever been.” 

The two of you lapse into silence. The sounds of the neighborhood – dogs barking, cars honking – seep through every so often, but you hardly noticed, aware, instead, of your boyfriend’s presence. When you first met Mingyu, you knew that he would find a way to infiltrate your life, to become the oxygen that you needed to breathe. When you first met Mingyu, you felt like you were breathing and drowning at the same time. Nowadays, you don’t feel like you’re drowning, but you aren’t breathing normally, either. It’s the same for him, you’re sure; it’s all about him, even when it isn’t. You could be focused on something else, but you’ll never be able to fully attend to anything else. 

It’s for this reason that you’ve had to scold him, on so many occasions, to keep his eyes on the road when driving. He just can’t seem to focus on anything but you, and somehow, his recklessness has worn off and you find yourself in the same predicament. 

Just as you finally shut your eyes, you feel Mingyu twitching against you. 

He’s laughing. “It’s a good thing that you decided to fuck with a racer, huh?”

[dragonflycap]

What to expect from the stock market this week

Last week, the review of the macro market indicators saw heading into the unofficial end of summer and with August in the books, that equity markets showed a preference for some rest after the 3 week move higher. Elsewhere looked for Gold ($GLD) to continue its uptrend while Crude Oil ($USO) consolidated in a tightening range. The US Dollar Index ($DXY) continued to bounce to the upside while US Treasuries ($TLT) consolidated in their downtrend. The Shanghai Composite ($ASHR) looked to continue the downtrend while Emerging Markets ($EEM) consolidated over support in a possible start of a new uptrend.

The Volatility Index ($VXX) looked to remain low and stable making the path easier for equity markets to the upside. Their charts looked strong, especially on the longer timeframe. On the shorter timeframe the week long consolidation left the $SPY with only 2 hours to rocket to just shy of a new all-time high close while the $QQQ and the $IWM ended near the high of the week. All were prepped to start September stronger.

The week played out with Gold holding at the highs in consolidation while Crude Oil broke down to a nearly 10 month low. The US Dollar fell back from its quick bounce while Treasuries rose to test the December 2023 high. The Shanghai Composite fell to a 7 month low while Emerging Markets broke support to hit a 1 month low.

Volatility rose Monday out of the teens and held the rest of the week. This put pressure on equities and they responded by moving lower all week and closing the mid-August gaps. This resulted in the SPY, the QQQ and the IWM confirming lower highs as recession fear overtook the market. What does this mean for the coming week? Let’s look at some charts.

SPY Daily, $SPY

The SPY came into the week holding in consolidation just under the all-time high. It dropped Tuesday touching the 50 day SMA and held there through Thursday before a second big fall Friday closed the mid-August gap down. It closed at the lowest level since August 13th. The RSI is falling below the midline after making a lower high with the MACD crossed down but positive. The Bollinger Bands® are squeezing in with price now closing in on the 100 day SMA.

The weekly chart shows the confirmation of a reversal with a strong move lower following the doji. It ended at the 20 week SMA. There is also a momentum divergence with the RSI making a lower high as price made a higher high. The RSI remains bullish over the midline with the MACD positive but moving lower. There is support lower at 540 and 537 then 534 and 530 before 524.50 and 520.50. Resistance higher is at 542 and 545.75 then 549.50 and 556.50 before 561.50 and 565.50. Broad Consolidation with Possible Change of Character.

SPY Weekly, $SPY

With the first week of September in the books, equity markets reverted to weakness, trending lower all week. Elsewhere look for Gold to continue its uptrend while Crude Oil continues to move lower. The US Dollar Index continues in broad consolidation while US Treasuries show signs of a possible new uptrend. The Shanghai Composite looks to continue the downtrend while Emerging Markets drop back into a short term downtrend.

The Volatility Index looks to shift from low and stable to low and rising making the path more difficult for equity markets. Their charts look weak om the shorter time frame as price pulls back from a lower high, but they remain above making a lower low for now. On the longer timeframe they look stronger, but vulnerable with the SPY strongest then the IWM and the QQQ the weakest. Use this information as you prepare for the coming week and trad’em well.

Join the Premium Users and you can view the Full Version with 20 detailed charts and analysis: Macro Week in Review/Preview September 6, 2024

[coineagle]

Exploring the Potential Impact of a New Bitcoin Golden Cross on BTC Price

Key Points

Bitcoin’s Puell Multiple has dropped below 0.4, indicating a market bottom and decreased miner selling pressure.

A golden cross on the 2-month chart and tightening Bollinger Bands suggest a potential bullish breakout.

The Bitcoin (BTC) market is showing signs of potential bullish momentum, as the Puell Multiple has fallen below 0.4. This has coincided with the formation of a golden cross on the 2-month chart.

These indicators, combined with on-chain data, suggest that Bitcoin could be gearing up for a significant price movement. It is crucial to delve deeper into the data to determine if Bitcoin is truly on the brink of a rally.

Puell Multiple and Miner Behavior

The Puell Multiple’s drop below 0.4 indicates that Bitcoin miners are earning significantly less than their historical average. This metric is typically associated with market bottoms, suggesting that Bitcoin could be undervalued at present.

When miners earn less, they tend to sell less, thereby reducing market selling pressure and often paving the way for a price recovery.

Miners and On-Chain Activity

Despite the decrease in miner earnings, Bitcoin’s network activity remains robust. The number of active addresses has increased by 0.93%, totaling 8.24k in the past 24 hours – a sign of increased network engagement.

This rise in activity, coupled with miners likely holding onto their coins rather than selling, sets the stage for supply constraints that could push the price higher.

Technical Indicators

On the 2-month chart, Bitcoin has formed a Golden Cross, where the 50-period moving average has crossed above the 200-period moving average. This pattern is widely recognized as a bullish signal, particularly on longer timeframes, indicating that Bitcoin may be entering a sustained upward trend.

The Relative Strength Index (RSI) stands at 51.05, signaling neutral market conditions and leaving room for upward movement.

The Bollinger Bands appear to be tightening, with Bitcoin near the lower band at $57,758.15. This could suggest that the asset is oversold and could experience a bounce back soon.

With the Puell Multiple indicating a market bottom, the formation of a Golden Cross, and key technical indicators like the RSI and Bollinger Bands supporting a bullish scenario, Bitcoin could be gearing up for a potential breakout. The decrease in miner selling pressure, the rise in on-chain activity, and strong technical signals all support this hypothesis.

[brokerreviewss]

Most Profitable Forex Trading Strategies

Forex trading strategies are vital for traders of all levels, offering approaches like the EMA Crossover, Gann Trend Following, Support and Resistance, Pinbar, and Bollinger Bounce strategies. These methods use various indicators and patterns to identify trends, reversal points, and potential support levels, providing clear signals for entry and exit. Brokers Review offers a comparison tool and detailed broker reviews to assist traders in finding the right platform for their needs. https://thebrokersreviews.com/profitable-forex-trading-strategies/

[quantumaicatrading]

Quantum AI Canada: How to Turn $100 into $10,000 in Just 1 Day

Introduction How to Turn $100 into $10,000 in Just 1 Day with Quantum AI Trading in Canada

Imagine turning a mere $100 into $10,000 overnight. It sounds like the stuff of financial fantasies, right? Well, with the rise of AI trading in Canada, this seemingly impossible dream – while still incredibly secrets to reach.

The Quantum Ai Artificial intelligence (AI) is shaking up the world of investing. AI-powered trading bots can sift through mountains of market data, make split-second trades, and potentially find hidden profit opportunities that human traders might miss.

Think of this article as your guide to the wild world of Quantum AI trading in Canada. If you're a Canadian investor with an appetite for risk and a fascination with technology, we'll dive into how you could potentially turn $100 into $10,000 in just one day with Quantum Ai. Just remember, only official platform can perform the results.

CLICK HERE TO ACCESS THE QUANTUM AI OFFICIAL WEBSITE

Understanding Quantum AI Canada Trading

Let's break down the mysteries of Quantum AI trading. Imagine Quantum AI trading as super-smart financial analysts armed with lightning-fast reflexes. Here's what It do:

Data Devourers: This Ai constantly gobble up massive amounts of market data – historical prices, news headlines, social media chatter, anything that might hint at how an asset's price could move.

Pattern Spotters: Using complex algorithms, Quantum AI search for patterns and trends in the data that humans might miss. Think of them as super-powered detectives looking for clues to predict future profits.

Speed Demons: Once a bot spots a potentially profitable opportunity, it acts fast! This speed advantage matters in markets where prices change in the blink of an eye.

https://quantumcodeai.ca/wp-content/uploads/2024/02/QUANTUM-AI-CANADA-3-1.jpg

Types of Quantum AI Canada Trading Strategies

Quantum AI aren't one-size-fits-all. Here are a few common strategies:

High-frequency Trading: This lightning-fast strategy aims for tiny profits over hundreds or thousands of trades per day.

Arbitrage: Quantum Ai hunt for price differences of the same asset across different markets, buying low and selling high in a flash.

News-Based Trading: Quantum Ai analyze breaking news to predict how it might impact asset prices.

Quantum Ai Canada vs. Humans

So, why trade with Quantum Ai instead of your own brainpower?

Data Overload: Humans simply can't analyze the sheer volume of data that Quantum AI can handle.

No Emotions: Quantum Ai trade based on logic, not fear or greed, which can often cloud human judgment.

24/7 Vigilance: Quantum AI never sleep – they're constantly monitoring markets for opportunities.

To give you a better idea of how varied Quantum AI Canada trading strategies can be, let's look at a couple more examples:

Trend Following: This strategy is like surfing a market wave. Quantum Ai try to identify an asset's overall direction (up or down) and ride the trend for profit.

Mean Reversion: This strategy assumes prices eventually return to their average values. If something falls sharply, Quantum Ai might buy, expecting a bounce back up.

The Importance of Technical Analysis

Quantum AI trading strategies rely heavily on technical analysis. This means focusing on charts, historical price data, and indicators rather than a company's underlying business or economic news. Here are some technical tools Quantum Ai Canada might use:

Moving Averages: These help smooth out price fluctuations to show a possible trend.

Bollinger Bands: These visualize volatility, showing when prices are unusually high or low compared to usual.

Relative Strength Index (RSI): This helps determine whether an asset is oversold (potentially due for a bounce) or overbought (possibly ready to fall).

Is It Really Possible to Turn $100 into $10,000 in a Day with Quantum Ai in Canada?

The short answer: yes, it is technically possible, but it's incredibly 3% risky. Here's how the numbers might work:

The Power of Leverage: Some trading platforms offer leverage, meaning you essentially borrow money to make bigger trades. Say you get 50x leverage – your $100 controls $5,000 worth of an asset.

Risky Assets: 3% with Quantum Ai.

A Perfect Storm: Quantum Ai with leverage on a wildly volatile asset AND correctly predict its direction, a 20% price increase could turn that $5,000 position into $6,000. Close out your trade, pay back the borrowed money, and boom – you've made massive profit.

Best AI Trading Platforms for Canadians 2024

https://quantumcodeai.ca/wp-content/uploads/2024/02/QUANTUM-AI-CANADA-1-1.png

1. Quantum Ai

Pros: One of Canada's most popular investing platforms, offers commission-free trading, user-friendly interface. The Quantum Ai software is programmed to trade only when it knows it will make an immediate profit

AI Features: By using the power of Quantum Ai, you can help us take the exclusivity of the top 1%, and solve 4 major problems: Develop a stable, wealthy economy for all, cure poverty, level the playing ground for all (not just the richest), and help you make your financial dreams come true!

Best for: Canadian investors who want a touch of AI assistance for long-term investing, not high-risk day trading.

2. Immediate Edge

Pros: Fully automated performance instantly scans all the major exchanges. Zero Risk, Immediate Reward. The Immediate Edge software is programmed to trade only when it knows it will make an immediate profit

AI Features: Their platform is compatible with some high powered trading Ai and APIs for those with coding skills, Make $950 To $2200 Daily With The World’s Most Intelligent Crypto Software.

Best for: All Canadian traders. By Using Blockchain technology we deliver 98.9% success rate to all members of our private group.

CLICK HERE TO ACCESS THE IMMEDIATE EDGE OFFICIAL WEBSITE

3. Aiden® (RBC)

Pros: Revolutionary AI-powered trading platform developed by a major Canadian bank, uses cutting-edge reinforcement learning.

AI Features: Sophisticated algorithms focus on reducing trading costs and maximizing execution quality.

Best for: Institutional investors and high-volume traders, not so much the $100-to-$10,000 crowd (but cool to know about!).

Important Notes

Regulation: Always check if a platform is regulated by Canadian authorities for your protection.

Demo Accounts: Most platforms offer demo trading – crucial for testing AI bots or strategies without risking real cash.

Fees: Understand fee structures, especially with high-volume trading, as they eat into profits.

Getting Started with Quantum AI Trading in Canada

If you've decided to explore Quantum AI trading after carefully considering the risks, here's a guide to the early steps:

1. Simple & Easy To Use

Register Today To Gain Immediate Access To This Revolutionary Software Quantum Ai, Instant Earnings

2. Trusted Performance

If your goal is specifically turning $100 into $10,000 fast, you'll need strategies designed for those extremes:

Fully automated performance instantly scans all the major exchanges. Zero Risk, Immediate Reward.

3. Secure & Private

By Using Blockchain technology Quantum Ai deliver 98.9% success rate to all members of our private group.

What Makes Quantum Computing So Good For Investing

This is the world’s first quantum computing machine; unlike your home PC, this computer is smart – it makes thousands of simultaneous ‘decisions’ at once. Your brain thinks one thought at a time, in a sequence. Imagine if you could have thousands of thoughts at once, each as clear as the other. That’s quantum computing.

Using that power, our quantum computing machine will help you make smarter trades and make more money than you thought possible. Even better, it’s designed so that you can make money and help others while you profit!

It finds trades by analysing differentials between stock prices every nano-second that stock markets are live (and makes predictions even when the markets are closed, so you’ll know what’s likely to happen when they re-open). Your current computer (and everyone else’s) can’t match the decision speeds of this new system.

Sign up, and be one of the exclusive few using this technology (before everyone else gets wind of it!)

Beware of Scams Quantum Ai Canada

The hype around AI trading has attracted bad actors. Be on high alert for:

Sign up from the official website link only to not get scammed!, and be one of the exclusive few using this technology (before everyone else gets wind of it!)

Phishing Schemes: Fraudsters may try to trick you into giving up your login credentials or financial information.

Fake Platforms: Do your research! Stick to regulated platforms with verifiable track records.

CLICK HERE TO ACCESS THE QUANTUM AI OFFICIAL WEBSITE

Is Quantum AI Right for You?

Before jumping into the world of Quantum AI trading, ask yourself these honest questions:

1. How Much Risk Can You Stomach?

We advise to invest $250 first and see the magic then invest more according your risk management.

2. What's Your Market Knowledge?

With Quantum Ai, Market Knowledge is necessary, But Ai will handle the whole thing and make it profitable for maximum trade. but Still, you have to learn more about the market.

3. Are Your Expectations Realistic?

Quantum AI trading is life changing money machine. There are successful traders using it, but the many likely lose money with scammed website. If you expect to get rich fast with minimal effort, you'll likely be signup to the official website only to not loss your money and dream.

CLICK HERE TO ACCESS THE QUANTUM AI OFFICIAL WEBSITE

Potential Benefits of Quantum AI Canada

Quantum AI Canada hold true, it has the potential to revolutionize how we invest. Let's explore some of the tantalizing benefits it promises to deliver:

Warp-Speed Analysis: Forget waiting hours or even minutes for market analysis. Quantum AI Canada boasts the ability to process massive amounts of data in fractions of a second. Imagine having a team of lightning-fast analysts dissecting every piece of market information before anyone else blinks.

Laser-Sharp Accuracy: With complex algorithms analyzing those mountains of data, Quantum AI Canada claims to pinpoint trade opportunities with exceptional accuracy. This could potentially give you an edge over traditional trading methods.

Trading Without Emotion: We humans are emotional beings, and fear or greed can sometimes sabotage our investing decisions. Quantum AI Canada promises to eliminate this factor with its purely data-driven approach. It aims to make calculated trades, immune to those pesky emotions that often get in the way.

Investing Around the Clock: Markets never sleep, and neither does Quantum AI Canada. Its ability to analyze and trade 24/7 means you could potentially capitalize on opportunities that emerge anytime, anywhere.

With Quantum AI's 24/7 operations, you might never miss a potential opportunity. Whether you're asleep or preoccupied, the platform claims to constantly monitor and capitalize on market movements as they emerge, anytime, anywhere.

How to Use Quantum AI Canada (Step-by-Step Guide)

Quantum AI Canada operates simple than other automated trading platforms, here's a breakdown of the potential process:

Step-by-Step Guide

Sign Up: Visit the Quantum AI Canada website and create an account. You'll likely need to provide basic personal information. And Wait For the call to confirm your registration.

Fund Your Account: Most platforms require an initial deposit to begin Live trading. Explore available deposit methods and minimum requirements.

Automated Trading Begins: Quantum AI Canada will start your automated trading to gather more possible profit in a day.

Withdrawal (Hopefully): With any amount of profit you can withdraw on your PayPal, or Direct Bank.

Important Considerations

Start Small: Even if Quantum AI Canada seems appealing, tread cautiously. Consider starting with a smaller investment $250 while you familiarize yourself with the platform.

Risk Management: Explore if Quantum AI Canada offers any risk management tools like stop-loss orders to help limit potential losses.

Never Invest What You Can't Lose: Any investment carries risk. Use only funds you can afford to lose without impacting your financial well-being. So, start with minimum $250

Problem

Poverty is a global issue, one which we aim to solve – forever. When you invest with 250$, you’re directly helping us save people’s lives – and making money!

2. Big corporations are the ones holding all the keys to those big paychecks. With Quantum Computing, that’s no longer true. Now YOU have the power to make a great income. The power that was once reserve for the richest among us, is now yours.

QuantumAI is designed to make the world better. Elon developed this idea as a win-win. Have loans to pay off, or a mortgage to pay? Want to help people? Now you can do both.

A country’s economy is so fragile. As you saw in 2008, it only takes a few people at the top to ruin it. We want to stop that from happening ever again.

Solution

By using the power of Quantum Computing, you can help us take the exclusivity of the top 1%, and solve 4 major problems: Develop a stable, wealthy economy for all, cure poverty, level the playing ground for all (not just the richest), and help you make your financial dreams come true!

So, what do you need to do to start Quantum Ai?

Deposit: Deposit 250 Dollars.

Pick: Pick the trades QuantumAI recommends (with the power of Quantum Computing!)

Withdraw: Withdraw any funds in matter of hours!

Is Quantum AI Canada a scam?

The answer is No if you join the official platform only. The legitimacy of Quantum AI Canada is 100% but only from the official website. People can get scammed with fake websites, Here is the official Quantum Ai Website for Canada and other GEOs. Visit the Quantum AI Canada website and create an account. You'll likely need to provide basic personal information. And Wait For the call to confirm your registration.

How much does it cost to use Quantum AI Canada?

Answer: Typically, platforms like Quantum AI Canada require an initial deposit to access their trading features. Be sure to research the specific terms on their website and factor in any potential fees, such as commissions or withdrawal charges. Deposit 250 Dollars.

Does Quantum AI Canada guarantee profits?

A: Pick the trades QuantumAI recommends (with the power of Quantum Computing! And You will see the result surprise.

Can I lose all of my money with Quantum AI Canada?

A: it's possible to lose your 3% investment. But the accuracy is 97%.

Is Quantum AI Canada suitable for beginners?

A: Anyone can trade and make their profit its only possible with Quantum Ai.https://www.youtube-nocookie.com/embed/6mZcKusPfVg?si=LK5EiRAX0IxUplsl&controls=0

Conclusion

The potential of Quantum AI trading to transform the investment landscape is amazing. In the quest to turn $100 into $10,000 in a single day, Quantum AI perform the possibility for Canadian investors with the most minimum risk.

However, it's vital to approach this arena with eyes wide open. The potential rewards are matched by the potential for significant losses.

FAQs

Can I start Quantum AI trading with no experience?

Yes. All you can do is invest and withdraw the profit daily.

What are the best assets to trade with AI for high daily returns?

Highly assets like some cryptocurrencies or penny stocks offer the potential for quick gains.

How much money can I realistically expect to make with Quantum AI Canada?

There's no honest answer to this. Maximum traders will see great success, with $250-$500 invest, Normally it could turn into $2500-$5800 in 5 hours or in a day with Quantum Ai.

Sign up, and be one of the exclusive few using this technology (before everyone else gets wind of it!)

If you want to know other articles similar to Quantum AI Canada: How to Turn $100 into $10,000 in Just 1 Day you can visit the Quantum Ai Canada category.

[stockmarketanalysis]

Harnessing Volatility: Understanding Bollinger Bands in Trading

Introduction:

In the world of technical analysis, traders rely on various tools and indicators to make informed decisions about buying and selling securities. One such popular tool is Bollinger Bands, developed by John Bollinger in the 1980s. Bollinger Bands are a versatile technical indicator that helps traders analyze volatility, identify potential price reversals, and gauge market trends. Understanding how to interpret and apply Bollinger Bands can empower traders to navigate the complexities of the financial markets more effectively.

What are Bollinger Bands? Bollinger Bands consist of three lines plotted on a price chart: a middle band and two outer bands. The middle band is typically a simple moving average (SMA) of the security's price over a specified period, while the outer bands are positioned above and below the middle band at a certain distance, usually two standard deviations away. The distance between the outer bands and the middle band fluctuates based on the volatility of the security, expanding during periods of high volatility and contracting during periods of low volatility.

Interpreting Bollinger Bands: Bollinger Bands serve multiple purposes in technical analysis, providing valuable insights into the market's volatility, trend direction, and potential reversal points.

Volatility Measurement: One of the primary functions of Bollinger Bands is to measure volatility. When the bands widen, it indicates increased volatility in the market, while narrowing bands suggest decreasing volatility. Traders can use this information to adjust their trading strategies accordingly, such as adopting more conservative approaches in volatile markets or seeking opportunities for breakout trades when volatility expands.

Trend Identification: Bollinger Bands can also help traders identify market trends and their strength. In an uptrend, prices tend to stay above the middle band and occasionally touch or exceed the upper band, signaling strong bullish momentum. Conversely, in a downtrend, prices typically remain below the middle band and occasionally test or breach the lower band, indicating robust bearish sentiment. Traders can look for confirmation of trend direction by analyzing other technical indicators or price action signals in conjunction with Bollinger Bands.

Reversal Signals: Another valuable aspect of Bollinger Bands is their ability to generate signals for potential price reversals. When prices touch or penetrate the outer bands, it suggests that the security may be overbought or oversold, respectively, and could experience a reversal in the near term. Traders often look for confirmation signals, such as candlestick patterns or momentum oscillators, to validate potential reversal opportunities identified by Bollinger Bands.

Trading Strategies with Bollinger Bands: Several trading strategies can be implemented using Bollinger Bands, depending on the trader's objectives, risk tolerance, and market conditions. Some common strategies include:

Bollinger Band Squeeze: This strategy involves waiting for the bands to contract, indicating low volatility, followed by a breakout when the bands expand, signaling a potential price movement. Traders may enter long or short positions depending on the direction of the breakout, using stop-loss orders to manage risk.

Mean Reversion: In this strategy, traders anticipate that prices will revert to the mean (middle band) after touching or breaching the outer bands. They may enter counter-trend trades when prices reach the outer bands, aiming to profit from the expected price retracement towards the middle band.

Trend Following: Traders can use Bollinger Bands to identify trends and ride the momentum by entering trades in the direction of the trend when prices bounce off the middle band or break through the outer bands. They may employ additional trend-confirming indicators to filter out false signals and increase the probability of successful trades.

Risk Management and Limitations: While Bollinger Bands offer valuable insights into market dynamics, they are not foolproof and may produce false signals or misinterpretations, especially during choppy or range-bound market conditions. Traders should exercise caution and combine Bollinger Bands with other technical indicators or fundamental analysis to validate their trading decisions and mitigate risks.

Conclusion: Bollinger Bands are a powerful tool in the arsenal of technical traders, providing valuable insights into volatility, trend direction, and potential reversal points in the financial markets. By understanding how to interpret and apply Bollinger Bands effectively, traders can enhance their decision-making process, identify high-probability trading opportunities, and manage risk more adeptly. However, like any technical indicator, Bollinger Bands should be used in conjunction with other tools and analysis methods to form a comprehensive trading strategy tailored to individual preferences and market conditions. With diligent practice and disciplined execution, traders can harness the predictive power of Bollinger Bands to achieve greater success and profitability in their trading endeavors.

[bitcoincables]

Bitcoin Price Surge: Analyst John Bollinger Predicts End of Sell-Off Trend

Nidhi, a Certified Digital Marketing Executive and Crypto Journalist, recently shared an optimistic outlook for Bitcoin. John Bollinger, a renowned technical analyst, believes that the current sell-off may be coming to an end. He suggested that the market might be moving past the "sell on the news" trend, specifically referring to the recent approval of spot Bitcoin ETFs by the SEC.

Bitcoin experienced a notable surge on Friday, briefly surpassing the $42,000 mark before dipping back to $41,429. However, it quickly bounced back to the $41,700 range. This upward movement indicates resilience after profit-taking triggered by the ETF approvals. Despite the temporary crash caused by traders securing profits and redirecting funds towards newly introduced Bitcoin ETFs, Bollinger remains positive.

The exception to the sell-off trend was the Grayscale Bitcoin Trust (GBTC), which witnessed a huge outflow as clients withdrew their Bitcoin when the lock-up period ended. Additionally, there were significant Bitcoin movements on Coinbase Institutional, with approximately $1 billion worth of Bitcoin transferred in and out, signaling increased market activity. Bollinger's positive sentiment contrasts with prevailing skepticism, hinting at a potential shift in short-term market dynamics.

😎 📈

Read the original article.

#bitcoin #cryptocurrency #blockchain #etfs

[ailtrahq]

Ethereum’s Open Interest has rallied steadily since the beginning of September. With prices down 5% this month, spot market traders stall on accumulation. Ethereum [ETH] futures Open Interest has risen by 9% since the beginning of September despite the coin’s narrow price movements within that period.  Read Ethereum’s [ETH] Price Prediction 2023-24 According to data from Coinglass, the leading altcoin’s Open Interest at press time was $5.43 billion. Source: Coinglass Open Interest refers to the total number of outstanding contracts in a derivatives market. It is a measure of the overall activity in a market and can be used to gauge investor sentiment. When ETH’s Open Interest increases, it means that the total number of ETH Futures contracts that have not been settled has increased. It is a bullish signal as it suggests that more investors are opening new positions in ETH and that there is increasing demand for the asset. However, the month-long uptick in Open Interest has been accompanied by “neutral to negative” funding rates, crypto research firm Kaiko noted in a recent post on X (formerly Twitter).  #ETH open interest has increased since the start of September. Funding rates remain neutral to negative, suggesting the market lacks direction. pic.twitter.com/EHESMQMncw — Kaiko (@KaikoData) October 10, 2023 Positive funding rates indicate buyers are paying sellers to keep their contracts open, which suggests the market is bullish.  On the other hand, negative funding rates indicate that sellers are paying buyers to keep their contracts open, which suggests that the market is bearish. When an asset sees neutral to negative funding rates in its futures market, it suggests that the market lacks a clear direction or bias. It connotes that there isn’t a strong bullish or bearish sentiment dominating the market, and traders remain unclear about the market’s next direction.  The downtrend is apparent in the coin’s spot market At press time, an Ether coin sold for $1,560, according to data from CoinMarketCap. The month so far has been marked by a decline in the ETH’s value. After its brief stint above $1700 on 2 October, the alt’s price has since trended downward. In the last week, ETH’s price dipped by 5%. The steady decline in the alt’s value has strengthened the downtrend in the coin’s spot market.  As of this writing, ETH’s price observed on a daily chart traded dangerously close to the lower band of its Bollinger Bands indicator.  When an asset’s price trades this way, it suggests that selling pressure significantly outweighs buying momentum.  Although it signaled potential oversold conditions and an imminent short-term price bounce or retracement, ETH’s key momentum indicators, which were below their respective neutral lines at press time, did not indicate the possibility of that happening any time soon.  How much are 1,10,100 ETHs worth today? Likewise, the coin’s Aroon Down Line (blue) was pegged at 100% at press time. This indicator is used to identify trend strength and potential trend reversal points in a crypto asset’s price movement. When the Aroon Down line is close to 100, it indicates that the downtrend is strong and that the most recent low was reached relatively recently. Source: ETH/USDT on TradingView

[inspiration-3000]

Bollinger Bands Strategy Guide to Trading Success Trading

The key to success in the ever-changing world of trading is the ability to anticipate market moves and make calculated choices. Bollinger Bands is a popular strategy among traders because of its flexibility and efficiency. This in-depth manual will teach you everything you need to know to use this trading strategy successfully.

An Overview of the Bollinger Bands Strategy

Bollinger Bands Strategy The Bollinger Bands Strategy is defined as follows. John Bollinger created the Bollinger Bands strategy in the 1980s as a technical analysis tool. Its purpose is to aid traders in determining when to enter and quit the market. The process employs a triangular plot with a simple moving average in the center and two lines at different standard deviations above and below it. This produces a moving border around the price activity, giving traders a graphical depiction of the market's condition.

Where Bollinger Bands Came From and Why They Matter in Trading

Technical analyst veteran John Bollinger first popularized the Bollinger Bands. The strategy's value comes from its ability to quantify market volatility and provide benchmarks for a price high or low. Because of its importance in spotting trading opportunities and controlling risk, this data is a must-have for investors.

Learning How Bollinger Bands Are Made

Bollinger Bands include three primary parts: The Center Line: This short moving average is a foundation for the upper and lower bands. As a symbol of the trend in the medium term, it is often a point of support or resistance. Overbought conditions are indicated by a move above the Upper Band, which may be seen as a signal to reduce holdings. When the price of an asset reaches or passes this level, it may be a sign that it is overvalued and that a decline in its value is likely. As indicated by the Lower Band presence, Oversold situations may signal a good time to purchase. Price action around or crossing this level may tell that the asset is underpriced, and a price rise is likely.

Top Methods For Using Bollinger Bands Profitable Trading Requires Recognizing The Bollinger Squeeze

Top Methods for Using Bollinger Bands

Profitable Trading Requires Recognizing the Bollinger Squeeze An essential part of the Bollinger Bands strategy is the Bollinger Squeeze. This happens when there is less volatility in the market and the bands' contract. When the band's arrangement is like this, volatility increases, causing significant price swings. Squeezes like this may provide profitable trading chances, so traders watch for them.

Taking Advantage of Market Volatility with the Bollinger Bounce

Another crucial idea essential to the Bollinger Bands strategy is the Bollinger Bounce. That's jargon for how often prices "bounce" between the two bands. Markets whose prices tend to fluctuate between a specific high and low might benefit significantly from recognizing this trend. Why RSI and Bollinger Bands Work So Well Together The efficiency of your trading strategy may be improved by integrating Bollinger Bands with the Relative Strength Index (RSI). The Relative Strength Index (RSI) is a momentum oscillator that evaluates the price change rate. Used in tandem with Bollinger Bands, it may corroborate the signals given by the bands, lowering the chance of receiving a false signal and increasing the strategy's overall dependability.

Strategy for Using Bollinger Bands

Preparing Your Trading Platform Using Bollinger Bands Bollinger Bands are a standard indicator on most trading platforms. Please select it from the list of possible hands, then tweak the parameters to your liking. Bollinger Bands have two standard deviations for the upper and lower bands and a 20-day simple moving average for the center line. But you may tweak these parameters to suit your trading preferences and time horizon.

Bollinger Bands: An Introduction and Explanation

Bollinger Bands are easy to understand and apply. A widening of the bands shows increased market volatility. Conversely, narrower bands are indicative of lower volatility. Prices tend to fluctuate towards the bands during high volatility and shift closer to the center line during low volatility. Traders might utilize these insights to spot future market openings. When the price reaches the top band, it may be time to sell, while when it goes to the lower band, it may be time to purchase. These signals, however, should be double-checked with other indications to ensure their accuracy.

Divergence, convergence, and other high-level methods

Expert traders often use Bollinger Bands to search for divergence and convergence patterns. When the price and band trends are heading in opposing directions, we have divergence; when they run similarly, we see convergence. These patterns may help traders spot good opportunities by revealing information about possible market reversals.

Bollinger Bands and Compatible Indicators

Bollinger Bands and Simple Moving Averages: A Powerful Combination Smoothing out price data using moving averages makes it worthwhile in technical analysis since patterns become more apparent. When combined with Bollinger Bands, these indicators are helpful for trading. For instance, a trading opportunity may present when the price moves above or below a moving average line.

An Unbeatable Combination: Macd And Bollinger Bands

An Unbeatable Combination: MACD and Bollinger Bands

Another common technique that combines nicely with Bollinger Bands is the Moving Average Convergence Divergence (MACD). The Moving Average Convergence Divergence (MACD) is a momentum indicator that tracks price trends. When used with Bollinger Bands, it may corroborate the signals provided by the bands, making their signs more trustworthy.

A Potent Combination of the Relative Strength Index (RSI) and Bollinger Bands

The Relative Strength Index (RSI) is a momentum oscillator that evaluates the price change rate. By highlighting overbought and oversold circumstances, Bollinger Bands may serve as a helpful trading indication. When the price reaches the upper band and the RSI shows overbought events, this is an excellent time to sell.

Analysis of Bollinger Bands' Performance

The Reasons Why Bollinger Bands Are So Popular With Traders Because of their adaptability, Bollinger Bands are often used in trading. They are helpful for both short-term traders and long-term investors since they can be used across all markets and time durations. And since they show the market situation graphically, even inexperienced traders can understand them. Using Bollinger Bands Successfully in Real-World Trading Scenarios Bollinger Bands have been used successfully by many traders. This trading strategy has shown itself successful time and time again, as seen by these examples of its use. Examples of this use include the identification of overbought/oversold circumstances in range-bound markets and the identification of breakouts in turbulent markets. What Bollinger Bands Can't Tell You and How to Fix It Bollinger Bands, like any other trading technique, has its limits. For instance, they may give out misleading readings during high volatility. A disciplined trading strategy and supplementary indicators help traders get beyond these restrictions. Combining Bollinger Bands with other indicators like the Relative Strength Index (RSI) or the Moving Average Convergence Divergence (MACD) may assist in eliminating spurious signals and boost the strategy's consistency.

Improving Your Use of Bollinger Bands

How to Use Price Movement with Bollinger Bands The term "price action" describes the fluctuations in the value of securities, which are often shown in real-time on a chart. Bollinger Bands are helpful, but you may get more insight into market behavior by including price action in your strategy. For instance, pin bars and engulfing patterns are two examples of price action patterns that may indicate a market reversal. Strong trading signals may be generated by the appearance of such patterns at the band's upper or lower boundary. Bollinger Bands and the Importance of Candlestick Patterns Trading Potential market reversals might be predicted with the use of candlestick patterns. Bollinger Bands help determine when to enter and leave a market. For example, in the lower band, a bullish engulfing pattern might indicate a buying chance, while near the higher bar, a bearish engulfing pattern could indicate a selling opportunity.

The Importance of Risk Management in Bollinger Bands Trading

A successful trading strategy must prioritize risk control. Stop-loss orders may  Control losses and gains can be cashed at predefined points. Stop-loss orders may be placed above the upper band or below the lower band when using Bollinger Bands to guard against potentially disastrous price swings. Similarly, take-profit orders might be placed in the opposite band to benefit from price increases.

Market Conditions and Bollinger Bands

Market Trends and Bollinger Bands Bollinger Bands help determine when to enter and leave moving markets. The upper and lower bands can serve as shifting support and resistance zones. In an upward trend, for instance, a price that encounters resistance at the lower Bollinger Bands may rebound off that level and proceed toward the upper Bands, creating a purchasing opportunity. When prices fall, they can bounce off the upper band and go back down, creating a selling opportunity. The Breakout Strategy for Bollinger Bands in Choppy Markets Bollinger Bands are helpful in sideways markets because they reveal stretches of low volatility that usually precede a breakthrough. Investors might use this data to be ready for any price shifts. For instance, if the bands narrow, it may be a precursor to a breakthrough. When a breakout occurs, traders may cash in by placing entry orders either above the upper band or below the lower band. Bollinger Bands: Riding the Waves in Turbulent Markets When market volatility is high, Bollinger Bands widen to account for more price movement. Investors might use this data in their trading techniques. They may, for instance, increase the distance between their stop-loss and take-profit levels in anticipation of the higher levels of volatility.

Different Trading Strategies Using Bollinger Bands

Bollinger Bands for Swing Trading: Taking Advantage of Price Movements Swing traders may use Bollinger Bands to forecast price changes. The higher and lower bands represent possible turning points. For instance, a chance to sell may present itself when the price increases to the upper band. The same holds for the bottom band, as a price touching that level may indicate a possible upward movement and a purchasing opportunity.

Using Bollinger Bands Using Bollinger Bands for Intraday Trading Day traders may use Bollinger Bands to monitor temporary price shifts. The strategy may aid in providing signs for entering and leaving markets quickly. For instance, a touch of the upper band may indicate a short-term selling opportunity, while a touch of the lower band may indicate a short-term purchasing opportunity. Using Bollinger Bands Patiently for Long-Term Gains Bollinger Bands may help long-term investors see possible shifts in the market's long-term trend. Signals for promising long-term investments may be gleaned by using the strategy. For instance, if the price stays above the upper band for an extended time, it may indicate a robust upward trend and a promising chance for long-term investment. Similarly, if prices stay below the lower range for an extended time, it may indicate a significant negative trend and provide an opportunity for short sellers.

Successfully Using Bollinger Bands, Final Thoughts

Bollinger Bands is a strategy that calls for time and dedication to master. However, if you take the time to learn how it works, you can use it to your advantage in the trading world, bolstering your strategy while increasing your earnings. In trading, remember that finding opportunities is just half the battle; the other half is risk management. Never put more money at risk in the market than you can afford to lose. Read the full article

[goldtradingandinvest]

Swing Trading Strategies for Profiting from Gold Price Swings

Swing trading is a popular strategy employed by traders seeking to profit from short-term price movements in various financial markets. When it comes to swing trading in the gold market, understanding and effectively capitalizing on price swings can lead to substantial gains. This article explores swing trading strategies specifically designed for profiting from gold price swings, providing valuable insights for traders looking to navigate this dynamic market.

Understanding Gold Price Swings:

Gold, as a highly liquid and actively traded commodity, is subject to frequent price fluctuations. These price swings occur due to a multitude of factors, including macroeconomic indicators, geopolitical events, market sentiment, and investor behavior. Swing traders aim to identify and capitalize on these price swings, taking advantage of both upward and downward movements to generate profits.

Swing Trading Strategy #1: Trend-Following Approach

One popular swing trading strategy is the trend-following approach, which capitalizes on the prevailing trend in gold prices. Traders using this strategy closely monitor price charts, looking for clear and well-defined trends. They then enter positions in the direction of the trend, either buying on pullbacks during an uptrend or selling on rallies during a downtrend. The goal is to ride the trend until signs of a reversal emerge.

To implement this strategy effectively, traders often rely on technical indicators such as moving averages, trendlines, and momentum oscillators. These tools help identify trend direction, potential entry points, and optimal exit levels. Additionally, risk management techniques, such as setting stop-loss orders and trailing stops, are crucial for managing potential losses and protecting profits.

Swing Trading Strategy #2: Breakout Trading

Another swing trading strategy for profiting from gold price swings is breakout trading. Breakouts occur when the price breaks through a significant support or resistance level, signaling a potential change in market sentiment. Traders using this strategy closely monitor key price levels, looking for breakouts that could lead to strong price movements.

When a breakout occurs, traders enter positions in the direction of the breakout, anticipating further price momentum. It is important to wait for confirmation of the breakout to avoid false signals. Traders can use technical indicators such as volume analysis, Bollinger Bands, or the Average True Range (ATR) to validate the breakout.

Risk management is vital when implementing this strategy, as false breakouts can occur. Setting stop-loss orders and trailing stops can help protect against potential losses in case the breakout fails to sustain momentum.

Swing Trading Strategy #3: Range Trading

Range trading is a swing trading strategy suitable for gold price periods characterized by a lack of clear trend. In range-bound markets, the price of gold tends to fluctuate within a defined range, bouncing between support and resistance levels. Traders using this strategy seek to profit from these price oscillations by buying near support levels and selling near resistance levels.

To identify suitable range-bound conditions, traders analyze price charts and look for well-defined support and resistance levels. Technical indicators such as oscillators (e.g., RSI or Stochastic) can help determine overbought and oversold conditions within the range. Traders aim to enter positions near support levels when the price is low and exit near resistance levels when the price is high.

It is important to set proper risk management parameters, as breakouts can occur, leading to potential losses. Traders can use stop-loss orders and profit targets to manage risk and lock in profits.

Conclusion:

Swing trading strategies offer traders the opportunity to profit from gold price swings by taking advantage of short-term price movements. Whether through trend-following, breakout trading, or range trading, each strategy requires a deep understanding of market dynamics, technical analysis tools, and risk management techniques. Successful swing trading in the gold market relies on careful analysis of price patterns, timely entry and exit points, and disciplined risk management.

In swing trading, it is essential to stay updated with relevant news and events that can impact gold prices. Economic indicators such as GDP reports, interest rate decisions, and geopolitical developments can significantly influence market sentiment and trigger price swings. By keeping a watchful eye on these factors, traders can anticipate potential price movements and adjust their strategies accordingly.

Furthermore, it is crucial to emphasize the importance of discipline and patience in swing trading. Not every trade will be profitable, and losses are inevitable. Traders should adhere to their predetermined trading plan, set realistic profit targets, and exit trades when conditions no longer align with their original analysis. Emotional decision-making based on short-term fluctuations can lead to poor trading outcomes.

Risk management is a fundamental aspect of swing trading. Traders must determine their risk tolerance and employ appropriate position sizing techniques. Setting stop-loss orders at logical levels helps limit potential losses in case the trade goes against expectations. Additionally, using trailing stops allows traders to lock in profits as the price moves favorably, protecting against reversals.

[dragonflycap]

What to expect from the stock market this week

Last week, the review of the macro market indicators saw with the Fed Jackson Hole meeting in the rear view mirror, that equity markets continued their progress higher, shifting from the large caps and tech names to small caps Friday, but without a rotation this time. Elsewhere looked for Gold ($GLD) to continue its uptrend while Crude Oil ($USO) consolidated in a narrow range and at risk for a drop. The US Dollar Index ($DXY) continued to move to the downside while US Treasuries ($TLT) consolidated in their downtrend. The Shanghai Composite ($ASHR) looked to continue the downtrend while Emerging Markets ($EEM) were prepped to start a new uptrend.

The Volatility Index ($VXX) looked to remain low and stabilizing making the path easier for equity markets to the upside. Their charts looked strong, especially on the longer timeframe, with the $IWM joining the $SPY and $QQQ in that view. On the shorter timeframe both the QQQ and SPY were slowing down and watching the short term money flow into the IWM.

The week played out with Gold continuing to make new all-time highs but moving more slowly while Crude Oil held at the bottom of the tightening range and bounced. The US Dollar found support at a retest of the year end low and bounced while Treasuries continued building a bull flag under resistance. The Shanghai Composite continued the downtrend to a nearly 7 month low while Emerging Markets consolidated in a tight range.

The Volatility Index continued to stabilize at low levels. This relieves pressure on equities, but despite this they held in a narrow range all week in light late summer trading. This resulted in the SPY ending near all-time highs with the QQQ and IWM holding short of their recent highs. What does this mean for the coming week? Let’s look at some charts.

SPY Daily, $SPY

The SPY came into the week holding in consolidation on the daily chart over the August 1 top. This was after a fast move higher, recovering the 3 day nearly 10% drop at the start of the month. It continued to hold there all week, just shy of the all-time high and at the 161.8% extension of the retracement of the 2022 drop. The RSI is back in the bullish zone and flat with the MACD positive and going flat. The Bollinger Bands® are open higher to allow for the consolidation to work higher as if it were a bull flag.

The weekly chart shows price holding after a 3 week recovery to the prior high. The RSI is stalling short of the prior tops and a move into overbought territory while the MACD is positive and trying to cross back up. The Bollinger Bands are open higher on this chart as well. There is resistance at 565.50 then a Measured Move to 580 above. Support lower sits at 561.50 before 556.50 and 549.50 then 545.75 and 542 before 540 and 537. Uptrend.

SPY Weekly, $SPY

Heading into the unofficial end of summer and with August in the books, equity markets showed a preference for some rest after the 3 week move higher. Elsewhere look for Gold to continue its uptrend while Crude Oil consolidates in a tightening range. The US Dollar Index continues to bounce to the upside while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue the downtrend while Emerging Markets consolidate over support in a possible start of a new uptrend.

The Volatility Index looks to remain low and stable making the path easier for equity markets to the upside. Their charts look strong, especially on the longer timeframe. On the shorter timeframe the week long consolidation left the SPY with just 2 hours to rocket to just shy of a new all-time high close while the QQQ and the IWM ended near the high of the week. All are prepped to start September stronger. Use this information as you prepare for the coming week and trad’em well.

Join the Premium Users and you can view the Full Version with 20 detailed charts and analysis: Macro Week in Review/Preview August 30, 2024

[coineagle]

Executive Predicts Ethereum’s Leap Given Sustained Inflows

Key Points

Ethereum [ETH] recovers by over 9% but faces potential market instability.

Despite ETF outflows, analysts are optimistic about Ethereum’s future.

Ethereum’s Market Recovery

Ethereum [ETH] has bounced back after being oversold for several days, with a 9% increase in the last 24 hours, reaching a trading price of $2,665.61.

However, Ethereum is still stuck in the $2,600 range according to CoinMarketCap, with technical indicators giving mixed signals.

Market Indicators and Concerns

The Relative Strength Index (RSI) remains below the neutral threshold at 37, indicating continued bearish sentiment.

On the other hand, the Bollinger Bands suggest increased volatility, which could indicate a possible shift from bearish to bullish trends.

Despite these indicators, there are ongoing concerns about Ethereum’s market position, leading to questions about its future stability and growth.

This drop is part of a wider industry downturn, highlighting Ethereum’s ongoing issues with scalability and high transaction fees, despite Layer 2 solutions being implemented.

Ethereum has had difficulty regaining stability after dropping below crucial support levels, with weak buying interest and increased selling pressure reflecting a loss of investor confidence.

Solana [SOL] is becoming a strong competitor, gaining popularity due to its growing adoption and technological advancements, potentially positioning itself to overtake Ethereum in the near future.

ETF Outflows and Analysts’ Opinions

Ethereum Exchange-Traded Funds (ETFs) have been experiencing continued outflows, with recent withdrawals totaling $23.7 million on August 7th and $2.9 million on August 8th, according to Farside Investors.

However, these recent figures are small compared to the significant outflows seen earlier, notably the $162.7 million withdrawn on July 26th, when ETH ETFs first began trading.

This trend of outflows reflects ongoing investor unease despite recent market changes.

Nevertheless, despite Ethereum’s current struggles and concerns about potentially losing its second-place position in the crypto rankings, analysts remain optimistic about the altcoin’s prospects.

Michaël van de Poppe, CEO of MN Trading, believes that Ethereum is significantly undervalued and ready for a big run if the current inflow is maintained.

Investor and entrepreneur Ted Pillows echoes this sentiment, suggesting that despite the current volatility, this price range could offer some stability, although the future trajectory remains uncertain.

[tokensbossh]

ApeCoin Predicted to Rise Surprisingly Based on Analysis

ApeCoin has started to be shown among the brightest cryptocurrencies of the future. Forecasts about the future of ApeCoin give hope to investors. Metaverse's most popular cryptocurrency also seems to be ApeCoin.

Which Metaverse Coin Is Expected To Increase By About 250 Percent According To The Analysis?

Although metaverse coins have lost their former popularity, according to the analysis, this metaverse coin has reached critical levels. If this level is exceeded, analyzes indicate an increase of approximately 250%. The APE community is a strong community and is known for their successful strides. Now, ApeCoin has started to give bullish signals. So how do we understand this? Let's look at the charts, price analysis and other details together! After the May-June decline of ApeCoin, prices show a rise! Since May, ApeCoin (APE) has dropped over 65%. With this decrease, a new low price was formed at the level of 3 dollars. However, a possible uptrend from the $3.2 support could challenge this resistance trendline for a recovery opportunity.

Also, the ApeCoin (APE) chart is showing lower highs during the consolidation phase, which shows the bearish momentum rising. On June 10, altcoin holders lost the $5.1 support and fell 37% to 3.13. Since last week, the altcoin chart has shown several low price rejection candles at the $3.2 support, which indicates the high demand zone. A potential bullish reversal could push the APE price up by 20% more and retest the descending trendline. With the break of the trend line and the overcoming of the resistance, the chart points to an increase of close to 250%. According to the chart, it is likely to reach the $9.5 level. In the opposite scenario, however, a reversal from dynamic resistance will resume the prevailing trend and return the price to the $3.1 level. The RSI slope has escaped the oversold zone and has bounced back over 20 days. Bollinger Band, APE price supports growth in uptrend. The critical resistance levels are $5.16 and $7.5. The best-probability target is measured at $9.4 in the short-term. In the scenario where the rally attempt fails, the $3.16 and $2.16 levels are critical support zones. APE is trading at $4.16 at the time of writing.

What Is ApeCoin?

ApeCoin is an ERC-20 administration and utility token utilized inside the APE Ecosystem to engage and boost a decentralized local area working at the front of web3. ApeCoin holders administer themselves through the decentralized administration system controlling the ApeCoin DAO, and vote on how the ApeCoin DAO Ecosystem Fund ought to be utilized. The APE Foundation manages recommendations settled upon by ApeCoin holders.

What number of ApeCoin Are There in Circulation?

The all out supply of ApeCoin is for all time fixed at 1 billion tokens, all stamped immediately. On send off day, March 17, 2022, 30.25% will be available for use. This rate will persistently increment following send off day at standard stretches more than a four year time frame. How much ApeCoin available for use is a powerful number that will continually change both due to the previously mentioned plan and a horde of market factors. Read the full article

[bitcofun]

Welcome readers, and thanks for subscribing! The Altcoin Roundup newsletter is now authored by Cointelegraph's resident newsletter author Big Smokey In the next couple of weeks, this newsletter will be relabelled Crypto Market Musings, a weekly newsletter that supplies ahead-of-the-curve analysis and tracks emerging patterns in the crypto market. The publication date of the newsletter will stay the exact same, and the material will still position a heavy focus on the technical and basic analysis of cryptocurrencies from a more macro point of view in order to determine crucial shifts in financier belief and market structure. We hope you enjoy it! Time to go long? This week, Bitcoin's ( BTC) cost has livened up, with a rise to $21,000 on Oct.26 This led a handful of traders to declare that the bottom may be in or that BTC is going into the next stage of some technical structure like Wyckoff, a variety break or some sort of assistance resistance turn. Prior to getting all bullish and opening 10 x longs, let's call back to a previous analysis to see if anything in Bitcoin's market structure has actually altered and whether the current spat of bullish momentum is a sign of a larger pattern modification. When the last upgrade was released on Sept. 30, Bitcoin was around $19,600, which is still within the bounds of the last 136 days of rate action. At the time, I had actually determined bullish divergences on the weekly relative strength index (RSI) and moving typical confluence divergence (MACD). There were likewise a handful of prospective "bottoming" signals originating from several on-chain indications, which were at multi-year lows. Let's have a look at how things are looking now. The Bollinger Bands are tight The Bollinger Bands on the day-to-day timespan stays restricted, and today's rise to $21,000 was the growth or spike in volatility that the majority of traders have actually been anticipating. As is foregone conclusion, after breaking out from the arm, the rate has actually backtracked to check the mid-line/mid-band (20 MA) as assistance. Despite the strength of the relocation, the cost stays capped listed below the 200- MA (black line), and it is uncertain at this minute if the 20- MA will now work as assistance for Bitcoin's cost. BTC/USD day-to-day chart with Bollinger Bands. Source: TradingView After bouncing off a near-all-time low at 25.7, the weekly RSI continues to pattern up and the bullish divergence recognized in the previous analysis stays in play. A comparable pattern is likewise being held by BTC's weekly MACD. In the exact same chart, we can see that the most current weekly candle light is en path to developing a weekly greater high. If the candle light closes above the variety high of the previous 5 weeks and the rate sees extension over the coming weeks with an everyday or weekly close above $22,800, this might be the makings of a pattern turnaround. BTC/USD weekly chart. Source: TradingView On the day-to-day timeframe, BTC's Guppy numerous moving averages (GMMA or Super Guppy) indication is eyebrow-raising. There is compression of the short-term moving averages, and they are assembling with the long-lasting moving averages, which normally shows an approaching directional relocation or, in some circumstances, a macro pattern turnaround in the making. BTC/USD everyday chart. Source: TradingView For the previous couple of weeks, Bitcoin's " record-low volatility" has actually been the talk of the town and when utilizing the Bollinger Bands, the GMMA and BVOL, the tightening up rate variety does mean growth, however to what instructions stays a secret. Bitcoin has actually been selling the $18,600--$24,500 variety for 36 days and from the point of view of technical analysis, the rate stays near the middle of that variety. The transfer to $21,000 did not set a substantial daily greater high nor escape from the existing variety, which basically is a sideways slice. The rate is holding above the

20- day moving average in the meantime, however we have yet to see the 20- MA cross above the 50- MA, and most of the Oct. 26 rally has actually backtracked back to the low $20,000 level. BTC/USD day-to-day chart. Source: TradingView A more persuading advancement would include Bitcoin breaking out of the existing variety block to check the 200- MA at $24,800 and ultimately making some effort to turn the moving average to support. An additional extension to the $29,000--$35,000 variety would motivate self-confidence from bulls searching for a clearer indication of a pattern turnaround. Up until that occurs, the existing cost action is merely more combination that is pinned by resistance extending all the method to $24,800 Related: Why is the crypto market up today? Bitcoin on-chain information states to build up Like BTC's area cost, the MVRV Z-Score has actually likewise bounced around in the -0.194 to -0.023 zone for the previous 3 months. The on-chain metric shows a ratio of BTC's market capitalization versus its understood capitalization (the quantity individuals spent for BTC compared to its worth today). Bitcoin 3-month MVRV Z-Score. Source: Glassnode In short, if Bitcoin's market price is measurably greater than its recognized worth, the metric gets in the red location, showing a possible market top. When the metric gets in the green zone, it indicates that Bitcoin's existing worth is listed below its recognized cost which the marketplace might be nearing a bottom. Bitcoin MVRV Z-Score. Source: Glassnode According to the MVRV Z-Score chart, when compared versus Bitcoin's cost, the existing -0.06 MVRV Z-Score remains in the exact same variety as previous multiyear lows and cycle bottoms. Reserve Risk Bitcoin's Reserve Risk metric screens how "positive" financiers are contrasted versus the marketplace rate of BTC. When financier self-confidence is high, however BTC's rate is low, the risk-to-reward or Bitcoin beauty versus the threat of purchasing and holding BTC gets in the green location. During times when financier self-confidence is low, however the rate is high, Reserve Risk moves into the red location. Historic information recommends that developing a Bitcoin position when Reserve Risk gets in the green zone has actually been a great time to develop a position. Bitcoin 6-month Reserve Risk. Source: Glassnode Currently, we can see that over the previous 6 months, the metric has actually been taking what financiers may refer to as a bottom. At the time of composing, reserve danger is increasing towards 0.0009, and usually, crossing the 0.001 limit into the green zone has actually marked the start of a healing. Bitcoin Reserve Risk. Source: Glassnode Looking forward Multiple information points appear to recommend that Bitcoin's cost is underestimated and still in the procedure of taking a bottom, however none verifies that the real market bottom remains in. This week, and in previous months, numerous Bitcoin mining organizations have actually openly revealed the requirement to reorganize financial obligation, the possibility of missed out on financial obligation payments, and some have actually even meant prospective insolvency. Most openly noted miners have actually been offering most of their mined BTC given that June, and the current headings worrying Compute North and Core Scientific tip that Bitcoin's rate is still at threat due to solvency problems amongst commercial miners. Data from Glassnode programs the aggregate size of miner balances hovering around 78,400 BTC being "held by miners we have actually identified (accounting for 96% of existing hashrate)." According to Glassnode, in case of "earnings tension," it is possible that miners will be required to liquidate tranches of these reserves outdoors market, and the ripple effect on Bitcoin's cost might be the next driver of a sell-off to brand-new annual lows. This newsletter was composed by Big Smokey, the author of The Humble Pontificator Substack and resident newsletter author at Cointelegraph.

Each Friday, Big Smokey will compose market insights, trending how-tos, analyses and early-bird research study on prospective emerging patterns within the crypto market. The views and viewpoints revealed here are entirely those of the author and do not always show the views of Cointelegraph.com. Every financial investment and trading relocation includes threat, you must perform your own research study when deciding. Read More

[mainssir]

Nifty today

#Nifty today update#

Impact cost is cost of executing a transaction in a security in proportion to the weightage of its free float market capitalisation as against the index free float market capitalisation at any point of time.

#Nifty today update#

Aug 30, 15:01 Market update at 3 PM: Sensex is up 1,429.29 points or 2.47% at 59401.91, and the Nifty added 413.30 points or 2.39% at 17726.20.įor inclusion in the index, the security should have traded at an average impact cost of 0.50% or less during the last six months for 90% of the observations for a basket size of Rs.Indian Rupee is flirting around 80 level. Aug 30, 15:11 Hitesh Jain, Lead Analyst – Institutional Equities, Yes Securities on Indian Rupee.Aug 30, 15:51 Market at close: Benchmark indices ended the session on August 30 on a robust note with Sensex surging 1,564.45 points or 2.70% at.Indian markets bounced back with renewed vigor after a sharp fall le. Aug 30, 15:55 Devang Mehta,Head – Equity Advisory ,Centrum Wealth:.Aug 30, 16:01 Rupee gains 51 paise against US dollar today, highest in a day since August 2021#Rupee at close: Rupee ends at 79.45 per US dolla.Aug 30, 16:02 Infosys divests its entire holding in Trifacta for $12 million#Infosys divests its entire holding in Trifacta for $12 million.Aug 30, 16:12 Rupak De, Senior Technical Analyst at LKP Securities:īulls had a grand return as the benchmark index clocked a 2.5% rally on T.Markets made a remarkable recovery and gained over two and a half percent amid mi. Aug 30, 16:19 Ajit Mishra, VP - Research, Religare Broking:.Strong bounce back in local benchmark indices came on the. Aug 30, 16:27 Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities:.Nifty tested the daily lower Bollinger Band post the. Aug 30, 16:36 Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas:.Unlocking opportunities in Metal and Mining

[scotianostra]

Happy Birthday “Celebrity” Chef Nick Nairn, born January 12th 1959 in Stirling.

Nick grew up in the village of Port of Menteith and attended McLaren High School in Callander before joining the merchant navy at the age of 17 in 1976, serving as a navigator until 1983.

During his travels as a navigator, Nick developed a passion for food and the exotic dishes he’d experienced on his travels, and this proved to be the driving force behind his desire to teach himself to cook. In 1986 he opened his first restaurant, which won him the Scottish Field and Bollinger Newcomer of the Year Award. Four years later he became the youngest chef to earn a Michelin star for his restaurant in Scotland.

After this he went on to open Nairn's restaurant in Glasgow in 1998 and a cook school in 2000 at Lake of Menteith. In 2003, he sold his restaurant in Glasgow to concentrate on the cookery school, although he also undertakes a range of corporate work.

Nick was awarded an honorary doctorate by the University of Stirling in 2007 for his contributions to Scottish cooking and healthy eating campaigns. He was awarded a second honorary doctorate from Abertay University in June 2016.

Just two weeks before the world shut down last March, Nick had opened his new restaurant, Nicks,  in the town of Bridge of Allan, where he now lives. As well as struggling through the pandemic the business was dealt another blow last summer when a fire badly damaged the building. 

Nairn insisted the restaurant "will be back" but at this stage there were "more questions than answers".

"It was obviously quite serious," he said. "A piece of kit had malfunctioned right in the middle of service and boiled over.

"The guys did their best to contain it but they lost control of it. Luckily they thought quickly - they turned off the gas and ventilation, got everybody out in I think less than 60 seconds and then the place just exploded.

"This is going to be a long haul - perhaps six to nine months but we are going to come back bigger, better and stronger." The damage to the restaurant wasn’t as bad as initially feared and was back open before too long, however the pandemic meant they have struggled with staff going down with the virus, and like all hospitality businesses will take a while to bounce back from this

Nick also has other venues around the central belt including  The Kailyard by Nick Nairn in Dunblane, and Nick’s at Port of Menteith, he has also been on our screens along with Deacon Blue drummer Dougie Vipond in The Great Food Guys.