We have a Bearish Bump and Run Reversal Top that is Breaking Down on BNB as we show Hidden Bearish Divergence on the Weekly Timeframe. It should first come down to the 88.6% Retrace at $21 but if that doesn't hold don't be surprised to see it come down to the 1.618 Extension at $1.175.
For weeks, we have warned investors about the unsustainable rally in the cryptocurrency market, and now, our price target of 17 500$ was finally hit. That comes to us as no surprise since we reiterated several times that no double bottom occurred and no primary trend reversal was on the horizon; already, in February 2022, we stated that no all-time high would...
Bitcoin, Ethereum and most other cryptocurrencies fell on Tuesday 08-11-2022 following Binance's announcement of its intention to acquire FTX, heightening concerns about liquidity in the industry. According to TradingView, the Total Market Cap - the global value of the entire crypto sector was down 15% on the past day, reaching $813 billion. Bitcoin lost 12%,...
Hello, someone is unloading big quantity of FTT, still waiting Binance plan to save FTX. But the panic generated is really big. Personally got hit by this, unable to withdraw from FTX exchange, not looking good. Good luck to anyone in my situation.
On this chart we can see the massive drop from FFTUSD as we all know FTX is in big trouble. So this trading setup is a really high risk setup. If we ignore the fundamentals, the indicators are showing that the price will go up. The indicators we used are the Bollinger Bands, RSI and stochastic. They´re all suggesting the price is oversold. So hopefully the price...
Waiting for the breakout after the next touch of the level. Huge player is systematically pushing the price in the spot order book towards the level. Be aware of liquidity grabs as volatility is high.
Waiting for the next touch to the level to catch the a short impulse. Delta is stably green while sellers volume is increasing. Be aware of liquidity grabs. Open short on high activity of sellers. Target - 6.0
Today , on crypto twitter there´s a lot of FUD regarding FTX exchange insolvency. CEO of Binance announced that they will be selling their ftt tokens (do your own research on twitter to learn more). If we see more FUD in the near term, it may result in a big drop. So far support holds. Short it only if key support breaks. Don´t forget to place a stop...
After big correction on crypto market caused by Binance and FTX we can expect facing 750/900$ range for ETH, but if breakdown even more next range we can find between 550/600$.
Next possible range we can find around 12/10k if we breakdown current weak low point marked on the chart after FTX. this will be game changer opportunity.
Through technical analysis, currently ETH is challenge VAH due to FTX issue. Will ETH reverse in FIB Extension 1:1? It is also POC from Mid of June to Mid of July. Let's see in future!
If you love the spot-on analysis done so far, please boost, share, comment, and follow for more. Analysis: Before we start, note that BTC is still very well bearish. On the 3 min charts, BTCUSDT 3 candle confirmation occurred at around $17,800 This implies a current oversold condition for BTCUSDT. This is a temporary pull-up. This is also why the lower end of the...
The sell-off in cryptocurrencies has gotten worse. FTT, the FTX token, is reeling after giving up as much as 88% of its value this week. Bitcoin dropped to a new low for the year after breaking the June low. Solana lost a third of its value today before bouncing off the lows. You get the picture. Cryptos have sold off sharply over the past couple of days on...
One of the biggest phenomenol of 2021, Solana is now in a terrible place. Predatory tokenomics, decreasing in TVL and activities, reduction in the number of quality dApps... And now, the biggest backers of Solana , FTX and Alameda Research had gone rekt. It will become a dead chain, like Neo, Waves, Near, Avalanche, Terra.... Bounce back is easy when price hit...
i was expecting 30% bearish move ftt surprised with 89% crash yesterday
This week seems to be shorting week for many including FTX. Strong area looking now is 0.236 and 0.382 level in the Fibs.
₿ Bitcoin why it drop? ₿ Bitcoin today scored a slide from its local peak by a full 20% hitting new lows. ₿ In my last analysis, I hypothesised that the improving outlook for slowing interest rate hikes and the gradual strengthening of the dollar would help bitcoin to rise. ₿ This is likely to be the case in the long term. ₿ Looking from a fundamental point...
FTT where it sits today has no other Harmonic Fibonacci Level where it could possibly find support. If the 1.272 Breaks then it would have to go to $0 as there exist no fibs in between $4.725 and Negative Prices. I'll dedicate a fair amount to this position and see how it goes.