SICP daily data is showing some gradual accumulation at the current price range -- despite being traded only via OTC.
On the daily, it is creating both higher lows price wise and in histogram. Further bounce maybe expected from the present price range.
Spotted at 0.90
*SICP is fundamentally challenged -- so be guided.
TAYOR
Safeguard capital always.
We've seen massive capitulation and it has formed a harmonic shark pattern in the process.
It will likely go sideways from here initially but generally we already had our first change of structure under wyckoff accumulation.
Its just a matter of time before this fully reverses.
If you missed bitcoin a decade ago, this is your next bitcoin.
Our trigger is RSI...
If you haven`t sold crypto`s favorite bank, SI Silvergate, here:
Then you should know that Silvergate Capital Corp, the parent company of Silvergate Bank, announced its closure and liquidation of assets on Wednesday.
Shortly after, New York state banking regulators closed down Signature Bank to prevent the fallout from the failure of Silicon Valley Bank.
...
If you haven`t bought puts here:
Then you should know that last week, Silvergate's stock plunged by up to 45% following the company's announcement that it would delay filing its annual report due to ongoing investigations by various regulatory bodies, including the U.S. Department of Justice.
This led major players in the crypto industry, including Coinbase...
If you haven`t sold COIN here, ahead of earnings:
Then you should know that following a string of investigations and lawsuits against it, Silvergate Bank, a prominent lender to cryptocurrency firms, lost five key partners on March 2.
Coinbase, Paxos, Gemini, BitStamp, and Galaxy Digital were among the notable crypto firms that previously relied on Silvergate as...
Looking at the SI Silvergate Capital Corporation options chain ahead of earnings , I would buy the $12 strike price Puts with
2023-1-20 expiration date for about
$1.05 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
