Expectations for Bitcoin as Fed Chairman Powell Speaks: Decline
🔮 Today, Federal Reserve Chair Jerome Powell is speaking (March 7, 2023).
What can we expect from Bitcoin?
📉 Continued decline, with the chart resembling KWEB and S&P 500 on the daily chart.
💫 The area of attraction on the daily chart is the 200-day moving average (MA).
What are the targets for Bitcoin's decline?
📉 A drop in the price of Bitcoin to the $20400 range, after which we should look for entry points to buy with a target of moving to the $27000-$28000 range.
💡 There is a possibility that the price may go higher (in which case it is necessary to think and make a decision on where to fix the position).
What can we expect from Bitcoin?
📉 Continued decline, with the chart resembling KWEB and S&P 500 on the daily chart.
💫 The area of attraction on the daily chart is the 200-day moving average (MA).
What are the targets for Bitcoin's decline?
📉 A drop in the price of Bitcoin to the $20400 range, after which we should look for entry points to buy with a target of moving to the $27000-$28000 range.
💡 There is a possibility that the price may go higher (in which case it is necessary to think and make a decision on where to fix the position).
Comment:
⚠️ FED - Jerome Powell - hearings in the US House of Representatives
▫️ The trend towards easing inflation that we observed a month ago has partially changed.
▫️ Inflationary indicators are increasing.
▫️ It is necessary to reduce inflation in the service sector.
▫️ (The housing sector is weakening, and GDP is growing at a rate below 0.09%).
▫️ To reduce inflation, we are already tightening monetary policy in the US.
▫️ There are no decisions on the interest rate on March 22nd (next meeting).
🔖 I stick to the initial plan to reduce Bitcoin.
▫️ The trend towards easing inflation that we observed a month ago has partially changed.
▫️ Inflationary indicators are increasing.
▫️ It is necessary to reduce inflation in the service sector.
▫️ (The housing sector is weakening, and GDP is growing at a rate below 0.09%).
▫️ To reduce inflation, we are already tightening monetary policy in the US.
▫️ There are no decisions on the interest rate on March 22nd (next meeting).
🔖 I stick to the initial plan to reduce Bitcoin.
Comment:
We're on the right track. 💪 If we consider liquidity, then collecting liquidity at 15k is definitely more beneficial and then going to 26-28k. 📈🙃😳
We're on the right track. 💪 If we consider liquidity, then collecting liquidity at 15k is definitely more beneficial and then going to 26-28k. 📈🙃😳
Comment:
Comment:
XRP/USDT:
By the way, you can try buying XRP. The deal is 1 to 4. On the weekly chart, a red candle was broken through on high volume. I don't follow this coin, but today I saw that it was the only one in the plus on Bybit. I liked the chart and decided to give it a try. Perhaps some positive news will be written about it?
By the way, you can try buying XRP. The deal is 1 to 4. On the weekly chart, a red candle was broken through on high volume. I don't follow this coin, but today I saw that it was the only one in the plus on Bybit. I liked the chart and decided to give it a try. Perhaps some positive news will be written about it?
Comment:
Comment:
Comment:
📝 Opinion: Greetings everyone. Today, I want to share information about Map - a unique map that displays the location of the main liquidity of market participants.
It is important to note that the market often moves towards liquidity. Using this map as an additional tool for analysis can be very useful.
♦️ Currently, the Binance, Bitfinex, OKX, Bybit, Bitmex, and Bitget exchanges are included in the map. Regarding the latest market events, news related to Silvergate bank served as a trigger and accelerated the downward process. Assessing the liquidity map, it can be concluded that large clusters are located in the range of $20,000-18,000. The price will locally move towards them. The range of $22,000-24,000 remains a medium-term magnet, but due to events related to Silvergate bank, BTC failed to reach the retest level.
Note that the large squeeze on the map is a platform bug. Currently, the liquidity map looks as follows: upper clusters - $22,100-24,000, as well as $24,700-26,700, $27,300-28,000; lower clusters - $21,500-20,800, as well as $20,400-19,500, $19,400-18,500, $18,300-17,900.
I hope this information was useful. Stay tuned for news and successful trades in the market! 🔍💰💹
📝 Opinion: Greetings everyone. Today, I want to share information about Map - a unique map that displays the location of the main liquidity of market participants.
It is important to note that the market often moves towards liquidity. Using this map as an additional tool for analysis can be very useful.
♦️ Currently, the Binance, Bitfinex, OKX, Bybit, Bitmex, and Bitget exchanges are included in the map. Regarding the latest market events, news related to Silvergate bank served as a trigger and accelerated the downward process. Assessing the liquidity map, it can be concluded that large clusters are located in the range of $20,000-18,000. The price will locally move towards them. The range of $22,000-24,000 remains a medium-term magnet, but due to events related to Silvergate bank, BTC failed to reach the retest level.
Note that the large squeeze on the map is a platform bug. Currently, the liquidity map looks as follows: upper clusters - $22,100-24,000, as well as $24,700-26,700, $27,300-28,000; lower clusters - $21,500-20,800, as well as $20,400-19,500, $19,400-18,500, $18,300-17,900.
I hope this information was useful. Stay tuned for news and successful trades in the market! 🔍💰💹
Comment:
Are we going to $23000-$23200 to liquidate the largest cluster of liquidity and then go down?
Comment:
BTC Dominance: 🙃🙃🙃
Comment:
ETH/BTC: 🤔🤔🤔
ETH/USDT:
ETH/USDT:
Trade closed: target reached:
Missed the last leg of the drop today. Got caught up in the idea of a possible bounce. The initial plan was right on the money. Now it's time to figure out where to catch Bitcoin.
Missed the last leg of the drop today. Got caught up in the idea of a possible bounce. The initial plan was right on the money. Now it's time to figure out where to catch Bitcoin.
Comment:
Bitcoin:
Comment:
Uniswap and SP500 Decline: Accumulate UNI Coin at $3.35-$4.20
📉 I must note that Uniswap is currently declining along with the entire crypto market. Additionally, the SP500 is also experiencing a decline, and there is a high likelihood that it will fall significantly in the medium and long term, with a stronger drop than that of 2008.
SP500 - 2023
SP500 - 2008
SP500:
Returning to the UNI (Uniswap) coin, I suggest accumulating it at the established lows of this accumulation corridor. I consider the best accumulation prices to be $3.35 - $4.20.
Altcoins have already gone through a similar situation in 2018-2019, with 1-2 years of accumulation followed by 1 year of growth alongside or after Bitcoin .
Future of Cryptocurrency Trading: Uniswap and DyDx Leading the Way Amid Tightening Regulations and Bitcoin's Potential $250,000 Price
Looking ahead for the next few years 🚀, with cryptocurrency regulations and taxes becoming more prevalent, many people may leave centralized exchanges due to massive account blocks and the inability to prove the source of their funds. For some time, Uniswap and DyDx are likely to lead in trading. However, Ethereum may also face tightening regulations, leading to wallet blocks for USDT, USDC , Ethereum , and other tokens. In such a scenario, anonymous coins such as Monero, Litecoin (mimble wimble), and Bitcoin with the Taproot system could become a new trend. We shall observe.
Oh, and in the next couple of years, I expect Bitcoin to reach a price of $250,000 due to high inflation worldwide. 💰
Uniswap and SP500 Decline: Accumulate UNI Coin at $3.35-$4.20
📉 I must note that Uniswap is currently declining along with the entire crypto market. Additionally, the SP500 is also experiencing a decline, and there is a high likelihood that it will fall significantly in the medium and long term, with a stronger drop than that of 2008.
SP500 - 2023
SP500 - 2008
SP500:
Returning to the UNI (Uniswap) coin, I suggest accumulating it at the established lows of this accumulation corridor. I consider the best accumulation prices to be $3.35 - $4.20.
Altcoins have already gone through a similar situation in 2018-2019, with 1-2 years of accumulation followed by 1 year of growth alongside or after Bitcoin .
Future of Cryptocurrency Trading: Uniswap and DyDx Leading the Way Amid Tightening Regulations and Bitcoin's Potential $250,000 Price
Looking ahead for the next few years 🚀, with cryptocurrency regulations and taxes becoming more prevalent, many people may leave centralized exchanges due to massive account blocks and the inability to prove the source of their funds. For some time, Uniswap and DyDx are likely to lead in trading. However, Ethereum may also face tightening regulations, leading to wallet blocks for USDT, USDC , Ethereum , and other tokens. In such a scenario, anonymous coins such as Monero, Litecoin (mimble wimble), and Bitcoin with the Taproot system could become a new trend. We shall observe.
Oh, and in the next couple of years, I expect Bitcoin to reach a price of $250,000 due to high inflation worldwide. 💰
Comment:
Comment:
DXY?
Comment:
📈💰 After careful consideration of the market, I remain convinced that purchasing at 20k appears reasonable. However, we must take into account the elimination of long positions.
💹📉 To maximize profits, it would be more advantageous for the market to first push the price down to 18400, creating a significant liquidity zone. The range of $14000-$15000 also presents an attractive opportunity, with substantial liquidity accumulation and the potential for a significant panic inducing negative news.
🤔💭 These are my current thoughts, but only time will tell how the market will ultimately behave over the next 1-2 weeks.
💹📉 To maximize profits, it would be more advantageous for the market to first push the price down to 18400, creating a significant liquidity zone. The range of $14000-$15000 also presents an attractive opportunity, with substantial liquidity accumulation and the potential for a significant panic inducing negative news.
🤔💭 These are my current thoughts, but only time will tell how the market will ultimately behave over the next 1-2 weeks.
📝 Opinion: BTC is in an accumulation phase where the lows are increasing but the seller is not allowing it to go above $22,600 (accumulating long positions). It would be great to see another dump to take bull liquidity (the price went to this area at the time of writing). This manipulation can create a massive divergence on the 4h chart, which will signal a rise to $23,000-23,200.
🔖 Comments: The negative news from the Fed's Jerome Powell's speech caused the stock market to fall, dragging BTC down with it. However, the price is holding above $22,000 and continues to trade sideways (need to watch for daily close).