What happened with FTX:
Rumours began circulating starting on the week of 1st November that the balance sheet of Alameda Research, a quantitative trading firm, and a sister company of FTX, a Bahamas-based offshore crypto exchange, might be in trouble. They both have the same owner, a 30-year-old crypto’s “golden boy”, Sam-Bankman Fried. It now appears FTX might...
Imo Risk markets have priced in the majority of this hike, we could see a bounce off these 2 black arrows which are based Fib retracement that ive pulled from Weekly swing High to Low.
If we dont hold the last fib point which is my purple box, we can see capitulation and poss see 10k BTC.
CIX : Crypto index update 07/07/2022 (Asia Session).
Now Asia session compresses the index down to their own support session.
See support expect after driven yesterday.
Bullish divergence across the board for Crypto imo.
I would like to see price Hold and Test to the upside for both Green & red trend lines. If we do then we have our Bull Run for Crypto!
Looking at the recent relationship between the CIX (Crypto Index) and the IXIC (Nasdaq Composite Index) we see a similar path in the price box with the CIX exhibiting a more volatile downside skew than the IXIC.
To confirm this we move down to the second indicator which is our Correlation Coefficient measuring the correlation of the CIX price action against the...
We did hit the bottom of the 28 jun 2021, where we did find support prevoius, but will we this time, found support, or break it to the downside..
An bigger triangle fomat is forming on the 2 week chart.
Lower timeframe, we could see some resistance within 17.8984-20.0000
💎Based on our previous CIX analysis, a bullish case was expected upon the break above the 257,000 resistance. The bearish scenario was expected upon the daily break and close below the 239,00 support.
💎The bearish scenario took place and the price fell to the 227,000 support. This is likely to be a critical demand area, a decision-making point for the medium-term...
💎Bulls won the battle at our projected support. There were a bounce off the simple uptrend trendline and 61.8% Fibs at 242,000.
💎During the past week CIX has been consolidating between 239-257k. But today we can witness an attempt to break above the downtrend trendline.
💎If/when CIX breaks higher, ...
💎One of our expected CIX scenarios came true, and we already witnessed a 17.43% correction. What is important is that CIX has approached the 61.8% Fibonacci retracement level along with the simple uptrend trendline. Therefore, the 242.000 area can become strong support, but we need ...
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