It's very dangerous to be bullish on digital currencies. Although the idea that there's some kind of "decentralized" alternative to the central bank fiat and credit card system of monetary control is very romantic, the reality is that mining cartels, which are heavily concentrated in the hands of entities associated with the Chinese Communist Party, run the...
The alt coin market is on the verge of a potentially volatile move, with several interesting factors at play. The recent candle close above the 0.5 Fib fan, which has acted as resistance, now appears to be holding as support, signaling that something significant may be stirring However, the most critical chart to watch right now is the Bitcoin market cap...
On December 21 Fitch Ratings revised Signature Bank's (SBNY) 'BBB+' Long-Term Issuer Default Rating (IDR) Rating Outlook to Negative from Stable. On Jan 10, a team of analysts led by Ken Usdin downgraded SBNY Signature Bank to Hold from Buy, and slashed their target price to $124 from $185. SBNY Signature Bank said that it had an exposure to FTX of less than...
I don`t think the bear market is over because of BUSD issues. The Securities and Exchange Commission has told crypto firm Paxos who issued BUSD, that it plans to sue the company for violating investor protection laws. Binance was the biggest holder of BUSD, with holdings worth $12.3bn, equal to 58% of the stable coin’s circulating supply on Ethereum, as of 1...
HI 🙂 The reason for Bitcoin's fall to $22,000 and its technical analysis Almost a few months have passed since the bankruptcy and fall of the FTX exchange; However, developments related to this exchange, managers and users are still ongoing. Recently, a very important news was published from the Wall Street Journal that "8.9 billion dollars of FTX exchange...
Hello, everyone! Today we’re going to break down two things: the probable key level for BTC this year, 25,200, and what you can expect from the market in general if you have a medium or long term strategy. A short story to begin The 25,200 level was formed in early August 2022, when everyone stopped talking about the bankruptcies of 3AC, Celsius and several...
Price is now sitting and previous VWAP close and has setup a nice springboard , chances of a bounce are high. Price also sitting on middle of ascending channel High risk trade really would wait for couple of hourly closes to form base but this new method of trading im working on longing previous VWAP closes has being doing pretty well.
From the creator of CULT DAO we now have the THE RUG GAME. The chart we currently looking at today is the governance token TRG. Buy signal 4hour candle close above resistance and break of the triangle , money flow coming up. Targets - who knows its at 3 million dollar market cap ,most likely 10 million coinmarketcap.com Previous TA was taken down because i...
News has just come out over the past 2 days that SBF has been hit with 4 new criminal charges. On top of that, the chart screams dump on its own too. We just broke down after a fake exit pump to $2 a couple of days ago. This coin is a bottomless pit, similar to LUNA. Basically short it to 0. Aim for a new low for sure, but at the very least aim for $1. Be wary of...
Formed & breaking Descending channel In Daily Timeframe After Successful Breakout Expecting 150 to 160% bulish Move Keep Eyes On Xtz
Hello my Fellow TraderZ, With the awakening of #SOL in first leg, #FTX native token $FTT also pumped 3.5x. Now, I'm anticipating another leg from #SOLANA, so from $FTT. $FTT is forming a nice BULLISH FLAG on 4 HTF, breakout will send it to the recent High of January near around $2.8 for 50% + gains. Keep thin on your watchlist. CHEERS!!!
Warning to all and prepare for impact because my alert has just been triggered and its not a good thing. There is one indicator that hasn't failed me yet its this on-metric on glassnode. BTCBitcoin: Spent Volume Lifespan 7y-10y This shows me when massive volume of the genesis wallets when there moving about and as you can see in the chart it pin points tops...
So far it is undeniable by looking at the chart in front of you that things are playing out like last cycle not just in patterns but in time. 364days it took from last cycle top to bottom landing in the green zone in this Bitcoin model. Its taken 364days so far from Nov 2021 cycle top to the new lows of 15k and again landing in exact same green zone as previous...
Symmetrical Triangle has Already broken In Higher Timeframe Testing Major trendline Too Incase Of breakout Expecting 280 To 300% bulish Move
I have been following this project for a while now and I still think this is going to be one of the best alt coin buys in this bear market. Technicals NOIA coin topped out nearly one dollar in April 2021 after a 30000% move. since then we have been on a decline line like the rest of the market and has retraced nearly 97%. 97% is a massive overshoot in my...
Seems Like Pyr coin bottomed Out Forming Descending Channel In daily Timeframe Incase Of breakout expecting 100 To 120% bulish Move
Forming Falling wedge In Daily Timeframe incase Of Breakout Expecting 100 To 120% Bulish Wave
Check out TA below to catch up on the latest. Will 30k be the new 6k for Bitcoin ? So far the cycle is repeating and a extension to 30k would not be too surprising at this point. Last cycle we had 6k as support for a very long time and when it broke capitulation hit shortly after. This cycle we had 30k as support and when that broke , capitulation hit. The...