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UST

Will UST recover?Hi everyone, UST and Luna were interchangeable allowing UST holders to exchange 1 UST and mint $1 worth of Luna, and vice versa. UST’s model: 1. (No.1) UST > $ 1 -----> there is an incentive to trade $1 worth of Luna for one UST (why? because, 1 UST is always considered to be equal to $1) 2. (No.2) UST < $ 1 -----> there is an incentive to trade 1 UST, for $1 worth of Luna (why? because, $1 worth of Luna considered to be equal to $1 (Market Price)) What happened? (No.3) on May 8, when the price of $UST began to drop substantially below one dollar, the (Luna) Foundation began converting this reserve (80,000 BTC) to $UST. (May 8, 1 BTC = $32000, 80,000 BTC =$ 2.5 Billion) then, On May 12, Luna Foundation Guard swapped 883,525,674 $UST to 221,021,746 $LUNA Result: at least in my experience, what always happens is (this case): this takes some UST out of circulation, driving up the price of UST. In short: Will UST recover? yes! Money is not lost. It can be found through tracing!
U
by BTC-XLM
6
XRPeePee Golden ShowersThat was a pretty gnarley selloff and came earlier than hoped but if you had at least one short bag then maybe you added some stablecoinage to your nut on the cover bounce? but obviously not UST. These are treacherous time for crypto speculation and the dark pool whales have plenty of muscle to shake most weak hands from their stash. Some things to consider as we look at this most recent inflection point, evidenced by both adjacent bottom and top wicks : 1. They want us out, obvi 2. Flash wicks still put our beloved XRP at risk of a return to the 20 cent days (and lower) so be really careful with stops (either really tight or super loose) 3. Some simple TA shows we've got big overhead with the VPFR around the $0.75 level 4. We're waaaay below our EMA's (50, 200) 5. Plans to fix UST could precipitate more selling 6. Volume on this bounce is average, not impressive like adjacent dump (coordinated institutional sharting) Our plan here is to continue scalping (short and long) while adding to the long bags all the way down (buy when the blood is your own). We've got a fixed short bag to hedge against major owns (usually between 20% and 40% during bear cycles. * * * not investment advice * * * Stay frosty my dudes (and steer clear of salty BTC permabulls) Box
by FudBox
BTC bottom in or more blood?BTC looks like it hit a bottom after LFG cleared out its $BTC reserves to defend its stability. The momentum indicator if continues to curl up may produce a bullish momentum div, not yet confirmed. BBWP reading about to top out, no confirmation yet either upon crossover of its MA. EWT corrective target hit ~$30.7k from 1.272 fibs measured from late Jan. bottom to late March top. Not to mention we've hit the bottom of a fork There are risk factors of this idea not playing such as: BTC continues to correlate with trades/sp500 and drops alongside it as QT continues, and interest rates get risen from the fed. BTC has not retested the 200W MA Cyber security risks w/ regard to complete shutdown of power grids mining BTC and hosting/running many DeFi/L1/L2 services, with nations like RU/CN engaging in non-kinetic warfare. We've already seen RU disconnect intercontinental cables in the Atlantic. As the EU holds out on gas during winter, we could see more desperate measures/retaliation through new avenues in 5th Gen. warfare . Shanghai lockdown fails to prevent the spread of bird flu , potentially inducing another global lockdown If the trade does get stopped out, the next areas of interest for entry would be 23k if we close under $29.2k on the daily, invalidating bull impulsive Elliott wave since late June. The on-chain bottom is ~$27k, and 200W MA is ~$21K, both are also entries in the event of an invalidation. Trade: Entry:$30.7k SL: $26.6K TP: Hull MA ~$36k, ABC PoC ~$39k
BITFINEX:BTCUSDLong
by linebands
LUNA Ponzi SchemeThe collapse of Terra's LUNA and TerraUSD cost investors over $40 billion. Some of them lost their lifetime savings, others lost borrowed money and some even committed suicide. This project made investors lose trust in the crypto space as well. The CEO of Terraform Labs, Do Kwon, is facing criminal charges for building a Ponzi scheme in South Korea, Terra investors being victims of fraud. Billionaire Bill Ackman also considered the project to pyramid scheme. Do Kwon was the one behind Basis Cash, another failed algorithmic stablecoin in which people lost $54 million. Terraform Labs also lost US Appeal Securities and Exchange Commission Subpoena. I don`t see a future for this project. There is a chance that its founder, Do Kwon, end up in jail if the criminal charges for building a Ponzi Scheme will turn out to be true.
Short
by TopgOptions
4
📉UST -92%! How $11.5B became a $1.4B?Algorithmic stablecoin UST dropped by 92% and there are still different rumors: the network collapsed on its own or was deliberately destroyed to buy back all the Bitcoins from the Terra Foundation. As we know, about 80,000 BTC were used to secure this stabelcoin. Many holders of UST, just stablecoin(!), have lost about $10B. 📊In order to understand how it all happened, it is necessary to understand the mechanism of algorithmic stablecoins. 🎯Types of Stablecoins. In the picture you can see different types of stablecoins: 🔶 USDT, USDC - secured in fiat currency, government bonds. 🔶 DAl - secured by pledge of Ethereum in smart contracts. If you know that Ethereum will grow in value and you do not want to spend it, you pledge your Ethereum, and in return you get more DAI (dollars) for the trading or investing. 🔶 UST is an algo stablecoin, which has a price peg to the main cryptocurrency and USD. In the case of UST it was Luna. Luna was the security of the UST stablecoin and you could exchange 1 UST and the equivalent of Luna. If Luna was worth $100, you could get 100 UST in exchange, and for 1 UST you could get 0.01 Luna. There was also a huge supply of Bitcoin on the security of UST. ✅What is the advantage of algorithmic Stablecoin? The advantage of this approach is that there is no need to hold additional funds for security. If a bank issued securities in order to borrow money, it has the funds to security that debt, and also earns additional profit on the money it borrowed. For algorithmic stablecoins, the security was an altcoin. If Luna goes down in value, the guarantee that you can exchange USTs for dollars goes down also. If the bank goes bankrupt, you get your money back, if the altcoin drops....you know what happened next. 💼Algorithmic stablecoins are also called unsecured stablcoins. Luna had a security in BTC, but as it turned out later, not enough. Why is the peg broken? Let's not go into all the details, I'll tell you a simple algorithm: 1️⃣ The big amount🐳 of UST was exchanged for Luna. 2️⃣ They have sold big amount of Luna by market. 3️⃣ Luna dropped by 50% and its capitalization became insufficient to secure UST. 4️⃣ Panic selling by retail investors continued. 5️⃣ Terra Fundation, in an attempt to stabilize the stablecoin`s peg to the dollar, sold all their Bitcoin holdings. 6️⃣ Luna is down by 99.9998% and UST is down by 92% with no BTC on their wallets. What are the reasons of this dump? A week ago I did an article about Terra being a top 3 holder of Bitcoin and have about 80,000 Bitcoins. If you've been in trading for a long time, you should understand that the whales have liquidity issues and may have done a manipulation of the price of Luna to make Terra sell all their Bitcoins to save the stabelcoin peg. 🚩If you are a newbie, liquidity is a measure of the speed or availability at which a trader can buy or sell a cryptocurrency. You don't need much liquidity to buy 1 Bitcoin, but to make a $2-3 billion purchase, you need someone to sell $2-3 billion worth of Bitcoins. Such manipulations happen very often at the crypto market, as it happened with Luna and UST. When Bitcoin falls by 30%, more than $2B of long traderss are liquidated, all this liquidity is bought by big players, because they don't have such amount of liquidity for buying at other time. 🏁Are you still have a questions? What other reasons could there be for the Luna and UST dump? Write your ideas in the comments! 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
U
by Yuriy_Bishko
7
IS THIS THE TIME TO HAVE LUNA BEFORE 27TH ?Luna looks to have some signals for uptrend and this depends on technical analysis - but is this the right moment to buy Luna before 27th ? This question is very important, and the only answer to this is risk management, even if you buy or not, make sure there is no more loss than it should. We will follow Luna to see if this is the point that can start to make luna into a small backend for low-range trading. this update is not trading advice, trade only with a plan, and let's see or this will be a start that could get luna into better levels back.
Long
by Goldenbreakout
LUNA/BUSD Daily TA Cautiously BearishLUNA/BUSD Daily cautiously bearish. *With 137 million votes to go and 5 days left, the governance proposal to fork Terra into a new chain without UST is at 64% in favor; it just needs to be at 50% or above in 5 days for the network to launch on May 27th.* Recommended ratio: 3% LUNA, 97% cash. Price remains hovering at fractions of a cent as the vote on whether or not to hardfork the Terra chain goes on for five more days; the 50 MA is about to form a Death Cross on the 200 MA at $69 for the first time since June 2021. Volume remains very high and has been shrinking for five consecutive sessions now, and has favored sellers for six. Parabolic SAR flips bullish at $13.23 resistance. RSI remains flatlined at 14.25 for what is about to be ten consecutive sessions. Stochastic also remains flatlined at max bottom for ten consecutive sessions. MACD remains bearish and is trending up slightly at -23 as it is on the verge of a bullish crossover at -21.35; this will be one to watch leading up to the end of voting. ADX continues trending up slightly at 54 in search of a peak as Price continues to hover close to 0, this is mildly bearish; if it is able to form a peak as Price grows, this would be mildly bullish. If Price is able to breakout above $0.01, the next likely target is a test of $0.27. However, if Price continues to see selling pressure, it will continue to hover in volatility under $0.001. Mental Stop Loss: (two closes above) $0.01. **There is an argument to be made about the reduced 100m supply of new LUNA being a bullish catalyst for its Price and it very well could, but this argument assumes that the remaining 137 million votes don't go to 'No with Veto' or 'Abstain'.**
L
by dailytaguy
12
LUNA/BUSD Daily TA Cautiously BearishLUNA/BUSD Daily cautiously bearish. *With 17 hours left for the Terra community to vote on whether or not to fork a new chain, 66% remain in favor which all but guarantees that the current chain will become LUNC and the new chain (without UST) will be LUNA on May 26th EST (May 27th SGT). As it currently stands there is still almost no value proposition for buying LUNA before 03:59:51 PM EST (UTC-4) on May 26th (03:59:51 AM SGT (UTC+8) on May 27th) unless you believe that the current LUNA is salvageable and that LUNC will undergo a massive burn along with getting rid of or fixing the UST peg. For long term investors who believe both LUNC and LUNA will have future value similarly to ETC and ETH, this would be a reasonable time to buy a few LUNA.* Recommended ratio: 1% LUNA, 99% cash. Price remains trading under $0.001 cent and will likely continue to do so leading up to the fork on May 26th EST. Volume has been shrinking but remains moderately high and has favored sellers in eight of the past 10 sessions. Parabolic SAR flips bullish at $7.14, this margin is bullish. RSI remains flatlined at 14.25 for a fourteenth consecutive session. Stochastic also remains flatlined (at max bottom) for a fourteenth consecutive session. MACD remains bullish after crossing over in yesterday's session, showing that there is at least some buying interest (probably those who bought to burn). ADX remains trending up slightly at 61 as Price continues to see selling pressure keeping it below $0.001 cent. If Price is able to breakout above $0.01 cent (only way possible is with a massive burn accompanied by buyer interest), then the next likely target is a test of $0.27 cents. The only other option is for it to range here between $0.00016 and $0.00 before it undergoes the rebranding (LUNC). Mental Stop Loss: (two consecutive closes above) $0.01 cent.
L
by dailytaguy
UST - Is the coin that can make more changes - more then LunaThe most checking LUna - but know that the supply is very high, hoping for high changes it's very hard. There is more chance for increase with UST than luna - this has more things, also if the binance support takes over - UST will be the coin that can show a back trend. My expectation is that we are going to see more changes in UST, than in LUNA, and this has different reasons. out of the counting of supply and that the coin also did breakdown from the 1 USD - it seems that this could become more important for the team, than luna itself, as luna is going to re-place soon for luna classic if all going well. This is purely my expectations, don't take it as financial advice, and the expectation is that we will see a recovery on UST, where it can even go back above 0,20 We know UST as a stable coin, and there is still a chance that this can return at last to better price actions with the support of partners. Time will learn.
ULong
by Goldenbreakout
3
One big gap in the crypto winter? With the collapse of UST (TerraUSD) and the depeg of USDT (Tether), the fear level in the cryptocurrency markets is at a high. The total market cap of the cryptocurrency market has more than halved since the peak as market participants rush to exit, preferring fiat over digital dollars. The net outflows have left Bitcoin prices teetering on the edge of no man’s land with no support in sight. A brief break of the $30,000 psychological support level on May 12, as well as the 61.8% Fibonacci retracement level, all points to potential further weakness for Bitcoin. Things get uglier when we look down for support. A big gap remains from current price levels to the next level of support at the $20,000 range, followed by the next Fibonacci retracement level at the $18,000 range. As headwinds including regulatory crackdowns and continued risk-off sentiment compounded for the cryptocurrency markets, we expect more downside from here. Be careful out there! Entry at 30,200, stop above 36,915. Targets are 23,000 and 20,000. Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios.
CME:BTC1!Short
by inspirante
Will the crypto market recover? ❇️Hello guys, Some of you have texted me asking if this market will stay this way? What happened to LUNA? What happened to Tether and Terra? Well, I will keep this short. You do not need to worry! People always do this. They always panic and sell RANDOMLY, without reading and investigating the situation. There will be no time until all intelligent investors realize that it is a significant opportunity for buying. And as soon as the buy volumes start to increase and the fundamental news starts to spread about what a great chance it is to buy crypto, people worldwide will begin to follow and buy more and more out of FOMO, which is not a bad thing. Of course, we have to be careful. There have been regulations and apparent reasons behind this big crash. And indeed, there will be more regulations. So If you are waiting for this buying opportunity, do not jump ahead. Wait for some signals, read the news, analyze the market and make sure before jumping on the recovery train. Until then, have these items in mind in heavy dumps: 1. Do not do leverage trading 2. Do not buy coins in FOMO 3. Do not stick to the screen all-day 4. Do not do revenge trading 5. Do not average out every dip 6. Do not go all in one coin Let me know your ideas. Good luck. Source and Reference: www.forbes.com
Education
by ShawnMCR
2
What's Next On APE (complete analysis)Interesting fact about the current APE situation here I give detailed analysis. First, Ape breakdown from the overall 70% Fibonacci retracement which is unlikely, then it went further to break the 100% Fib. retracement again this is very unusual considering how bullish the APE market was but it happened due the the overall catalyst (BTC, UST, LUNA). Now here comes the big question, are we done with the downtrend? Yes we are. How? On the right hand side you can see that a break of structure (BOS) occurred causing the manipulator, market monger, stop loss hunter (whatever name you give them) to take/provide liquidity, wait that's not enough, yea but I have more. On the chart you can see where I annotate HL(higher low) and LL(lower low) while the RSI indicator forms the opposite LL,HL which is a strong bullish divergence Now we have 2 scenarios the symmetrical triangle or the descending triangle. If the symmetrical triangle breaks down, you might want to watch out for the descending triangle before exiting the trade if you check my previous analysis on symmetrical triangle you will notice I mostly have 2-3 backup plan for it. Unless I see a divergence at the oversold region of the RSI or again some unfavourable fundamental news and of course possibly BTC dump, I am holding my long position on APE. Build your buy/long position in between the 0.78 Fib. retracement and 1.00 Fib. retracement price level and set your stop loss at $6.55 for mid - long term while for short term set stop loss at the breakdown of the symmetrical triangle to the especially if price closes below the 100% ret. level ($7.280). Have a suggestion? What do you think comment below, like and share also see t.me/dewycandles for records of profit bagged from our APE analysis.
Long
by DewyCandles
2
LUNAUSDT PRESS F That's all guys. I wrote little thread about solution for Luna Team. Of course no responce. Pls read this(2-3min of your time). Solution for #LUNA : 1) At first of all you must dump price to 0.000001. Just start posting a lot of FUD . Or stop hearing community and do useless fork(you do it now).After price start falling, people will sell their coins for save last money $. 2) You must buyback maximum of LUNA. 6.49T(all printed value) x 0.000001=$649m. I think it's real. You can ask this money from CZ. Of course not for free. As an example - you must bring you project to BSC chain. 3)After you solved problem with inflation you can start finding solution for #UST. Community will support you - Stablekwon. Because you'll do everything they want. not fork or another sht. Just listen what say CZ or Vitalik. 4)I think you can call to cz and speak about that. Mute your stablekwon ego. Community waiting real solution. They don't want wait 4years vesting
by Cryptodemonfree
6