"The momentum guys take it up to the moon,
the value guys pick it up off the floor.
Just watch out for the space between the two."
-Confucius the trader
have been reading up on the Turtle Traders and their momentum strategy. They would have bought anything as long as it meets their break out rules. Fascinating statistical strategy based on both 20 period...
After Luna`s stablecoin collapse, UST:
Now Binance, the biggest crypto exchange, recently introduced the USDC/USDT pair, and now it`s users are able to transform their USDC into Tether.
And let`s be honest, who wouldn`t to that amid this market uncertainty?!
On Saturday, the USD Coin (USDC) stablecoin experienced a drop in value below its dollar peg and reached...
I want to share my thoughts on the current situation with stablecoins, specifically USDC, DAI, and FRAX. It is my belief that if USDC were to collapse, DAI and FRAX would follow suit, causing a significant crash in the entire crypto market.
Recent developments support this concern. Binance has paused the automatic conversion of USDC to BUSD due to high inflows...
Massive Volume from the Earnings Gap. 90 Million +. Setting up really well now, right below pivot and knocking on the door. In a boring Insurance industry group.
Stablecoins are cryptocurrencies whose value is pegged, or tied, to that of another currency, commodity, or financial instrument.
Stablecoins aim to provide an alternative to the high volatility of the most popular cryptocurrencies, including Bitcoin (BTC), which has made crypto investments less suitable for common transactions.
(Investopedia)
This graph shows...
Hi folks,
The #Terra protocol is doing well and needs no further bailouts 1-2-3 or whatever planned by Do Kwon. Now we have to let the market regulate itself naturally.
Indeed, the spectacular crash of the past week was painful for everyone. Nevertheless, I think it is part of algorithmic phases of the Terra protocol itself. The protocol grows by successive...
In today’s analysis I want to explain in detail what happened to LUNA and to its stable coin UST. It’s a difficult subject so I’ll do my best to keep it short and simple.
UST is an algorithmic stable coin, connected to its native token LUNA. This means that, in order to peg UST to $1 it makes use of algo’s that either sell or buy LUNA to keep it at $1.
Example:...
DAMN...
This will be EPIC.
Terra, Luna, $UST... SO BAD.
Whats next? Let's see!
By the way, I sold all my $UST at PEG... I feel so lucky right now.
Only interested on buy $LUNA if it keeps dropping hard.
Horizontal line is the current price which the state of russia has declared that they will purchase essentially infinite gold using roubles. This chart should suffice to prove over time where the price of gold is in relation and whether that deal is ongoing or has ceased.
I think this is not a true peg, or a gold backing as some have declared, but actually a...
I've put relevant notations on the chart. I'm putting this on my action list for next week. Many ways to play this one. If it opens in the upper wick that's strong. If that's the case I may go long with a stop below the day low or open. I may wait for a pullback but look for the gap to hold. It could also flag here for a few days or weeks. Either way this should...
Bought small position (~40bps risk) as UCTT broke to a higher-high & the weekly VWAP. Will add more to position if it follows through next week.
Looking for follow through after a 26% run from its PEG back at the end of October.
Good play nonetheless to hold in the long term portfolio. Will mostly continue to grow with the way these kids love their video games and games that can involve creativity.
Long since 100$. Targets 120-140$.
