Crazy Week in Bitcoin and Cryptos📰 Double Whammy: Bittrex Shutdown and CZ's Legal Woes Unsettle Crypto Markets!
🚨 Bittrex Shutdown Impact:
Despite the looming closure of Bittrex Exchange on Dec. 4, BTCUSD on the platform soared to $46,000, creating a buzz in the crypto sphere. Explore the chart:
🔒 Binance's Legal Turmoil:
Adding to the turmoil, former Binance CEO Changpeng Zhao (CZ) faces legal constraints. As per federal prosecutors, CZ, having pleaded guilty, cannot leave the U.S. ahead of his February sentencing for violating the Bank Secrecy Act.
💔 Binance's Guilt and Heavy Penalties:
In a shocking turn, Binance pleaded guilty to multiple charges related to allowing users from sanctioned regions without proper compliance measures. The exchange agreed to a staggering $4.3 billion in penalties, marking one of the largest fines in the history of the U.S. Department of Justice.
🌐 Global Implications:
Prosecutors express concern about CZ's minimal ties to the U.S. due to his UAE citizenship, fearing he may not return if allowed to leave. They're not seeking pre-sentencing detention, only requesting that CZ remain in the U.S. His sentencing is slated for Feb. 23, 2024, with potential imprisonment and a fine.
📉📈 Market Response:
Current BTC support lies at 36300, extending to 33500. I am looking for a breakout above 40,000, anticipating a surge to 42,000 in the pre-Christmas period.
Stay tuned for updates
Bittrex
a close upA bit closer look at BNT/USD... not a huge fan of fan fib but here's an example. we could see this push up to the .66 and if there is a break we could see some major movement within this coin. Not financial advise keeping a small bag to make a decent profit as XRP/USD is a more reputable coin in the long term. This coin is strictly for scalping some quick profits to put somewhere else but we could see something big coming up.
remember Risk management and good luck, have fun with it.
Back in 2018Back in 2018 we saw something similar where it was a heavy drop and a retrace to .5 in the fib retracement.. we always hear about the next big bull run but in the back of everyone's mind is profit now.
I imagine we see a push to 2800 maybe 3000 to snag some extra cash before a drop amd a waiting period
I dont see ETH going straight to 10,000 right now what would be the fun in that... the world's avoiding the USD, massive banking corporations are being shut down, major crypto platforms like Bittrex denying US customer and forcing them to thee most (sorry were shut down during peak trading hours platform) Coinbase. Is something to keep in mind when dealing with crypto as that has potential to boost everyone's profits before the crash.
However if the world is all going to be in debt to China anyways they must have a way to keep everyone looking for something to cash out on and make some money. When everything is stored in the ledger and we know how much everyone owes everyone forever we can start to see how difficult it will be to ever pay off our debts. Especially when the market has a bunch of orders trapped at 3,000.
This is just what on my mind for looking at previous chart data.
Good luck and have fun with it
Probably probability We know the markets aren’t base solely on probability but it’s good to keep it in mind.
When looking at this graphs we see there is good probability that we will see a bull run to chase after our recent BTC and ETH bull runs. The probability is good seeing as how we see have a decent bottom and the volume is picking up.
Already at a 15% increase not bad for 3 days
Entry around $0.065
Could see some selling around $0.10
But strong movements are to come
Strong resistance at $0.20
Bitcoin went up nearly 75% let’s watch these smaller coins follow its lead
Good luck and have fun with it!
BTC bearPrepaid for the bears to take control of crypto for a minute. Clear H&S in my opinion push down to $20,000 then even lower to $16,000 before a true bull market.
This recent bull slush is snagging all buy stops then we will see a crash no doubt…
It’s too early for the true bull run in my opinion.
Good luck and have fun with it
BTC bearPrepaid for the bears to take control of crypto for a minute. Clear H&S in my opinion push down to $20,000 then even lower to $16,000 before a true bull market.
This recent bull slush is snagging all buy stops then we will see a crash no doubt…
It’s too early for the true bull run in my opinion.
Good luck and have fun with it
Work from anywhere Done from my phone but following my last idea.... I imagine we will see a small retrace up to test of the 2017 high before further downside.
This is a nice scalp move as I keep repeating a healthy market is key for take off...
Keep and eye out for the retrace to $1475-$1550
Pull out in profit and watch the bear massacre occur.
Good luck and have fun with it
Long (scalp)==> around $1525
Short (swing trade)==> (low low low)
short with a buy stopi expect this movement to be a slowly decreasing line, down to around $1400
a sharp spike up to make it a healthy market.
then followed by a strong bear market.
We might receive a nice $30-$60 increase from this area but further downside is expected if we ever want to hit that new All Time High.
You all ready for thisLets talk about a healthy market. In a healthy market we cant expect 100% all the time what goes up must come down.
I could be posting this to have the market prove me wrong, by watching what i post and going the opposite way.
but with such a strong increase we almost want bears to come out and take this down a notch only so we can watch the bull market fire back.
one of my favorite videos is listed in this link about bitcoin.
click it or dont click it but its pretty damn funny and the way of the market
www.youtube.com
same video with the share link
youtu.be
✳️ DigiByte vs BTC | New Longterm Perspective (2000%+ Potential)This pair, DGBBTC, has been dropping since May 2017, almost 6 years.
I do know why but I am getting this feeling...
Sideways consolidation has been going since May 2022.
The market moves in cycles...
We can say the market "grows" in cycles, as it is growing.
This feeling is telling me that this won't be the usual 300%-500% bull-market, not after a 6 years wait.
All those projects, like this one, that have taken a back-seat...
Even vs Bitcoin and Bitcoin being strong, are about to experience the benefit of surviving.
The benefit of growing during though times.
Some even thriving... This cycle that is coming...
We will see around 10, 15, 20X or more.
Just a feeling... But the early results are already in and amazing vs the current global financial sentiment and market conditions.
How would everything move while at the same time supported by good news?
It will be exciting, that's for sure.
Namaste.
✳️ DigiByte Update | Real Life ExampleToday I would like to show you a real life example of what is coming to our beloved DigiByte (DGBBTC).
Look at TrueFi (TRUBTC). The trade idea shared on the 'Related Ideas' below.
This pair grew by more than 222% in one single day.
When this type of action happens, it is too late to buy and hard to "jump in/trade" after the event. After such strong growth it is hard to tell how far down it can retrace before additional growth or if it will continue straight up.
The market rewards those who are patience.
The market rewards those who support the market.
The market rewards those who wait.
The impatient ones, the market take away from these and transfer to the patient group.
That's why we personally by and hold...
One can wait for weeks or months but all is good if we have a plan and trade focused on long-term goals.
The fact that some Altcoins are already breaking up strong with massive force, works as a confirmation to what I shared recently... DigiByte might do even better because it is older and has a stronger community.
Namaste.
still following the ruleI'm still going with the same pattern drawn out over a week ago. For a healthy retracement its typical to see the .618 get hit before any major movement.
always a chance of pushing upward a bit but just to snag some stops.
in my last post i posted about having a buystop above $1680 and i removed mine knowing that ETH has a tendency to follow the pattern snag those stops and then run away with the money.
and i find that when i post it has even more tendency to hit those exact numbers i list then again run the other way so i pulled my buystop, and im waiting for a lower buy.
Maybe ETH will push to $1587 then continue downwards but now eyes are on other coins moving around.
Like any other altcoin bitcoin tends to control a majority of them but i am looking into a scaling in on a coin MINA/USD.
Nearly 33% gains in 24hrs, but a lot more potential. We all can agree ETH will reach new highs in the upcoming years but these big coins need some retracement to keep them as stable and reliable as they are.
Have fun with it, be smart and know everyone's trading with the same rules..... except FTX
✳️ Siacoin vs Bitcoin | The Patience PerspectiveYou can find the long-term analysis with potential target in the "Related Ideas" below... I just one to mention one thing here.
Siacoin (SCBTC) will behave just like DigiByte (DGBBTC) once it goes bullish.
The price you are seeing now is not something you can find every week or month... It is something that happens only once every two years or more.
For example, the last time that Siacoin was at 10 satoshis (0.00000010) was December 2020... This level hasn't been seen again.
It then grew by 860% in less than 4 months.
The only way to take advantage of such a chart is to buy and hold.
When this pair takes off, in the first few days, it can grow 80%, 100% and even 150% or 200%...
Anyways... Patience is key.
It shouldn't be longer until the next altcoins market bullish wave.
The smaller ones vs bitcoin...
We diversify to decrease risk and maximize potential profits.
Make sure to do your own research.
Namaste.
✳️ DigiByte Will Do 100% to 200% In Days When It Takes Off...DigiByte (DGBBTC) has been consolidating since May 2022... This is a long-time.
The longer the accumulation phase, the longer the breakout when it takes place.
With an average price of 44 to 48 satoshis, once this pair takes off it will go to 99 within days and even to 135 or beyond.
That is a huge 100% to 185% and this is very likely to happen in a matter of days.
Then consolidation can take place at higher prices and continued growth for years to come.
This might be hard to see now but when it happens people will be saying/thinking... "Why didn't I buy when it was so low?"
Just like bitcoin went from $16,500 to $21,000 in a matter of days.
These altcoins will grow 2-3x just to wake up from their lows... The end result when the bullish climax comes, we will be looking at 10x, 20x and in some cases even more.
Namaste.
✴️ Uniswap Trade Signal (195% Potential)Uniswap is showing a nice consolidation pattern and a green candle above EMA10.
The bullish breakout is already taking place... We have good risk reward on this chart setup.
Remember to do your own research before trading and build a plan.
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ENTRY: $5.30 - $6.25
TP1: $8.90
TP2: $10.50
TP3: $12.50
TP4: $18.10
STOP: Close weekly below $4.90
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Thank you for reading.
Namaste.
✳️ The Sandbox vs Bitcoin | Prepare For Bull MarketOk, this is the last one for this session... I wanted to show you the difference between BTC and USDT pairs.
Might look like something irrelevant but this information can be useful for life... Trading/chart reading life.
The RSI hit is lowest level ever entering the oversold territory on the 3D timeframe.
The marked date on the chart represents the low/potential bottom.
The bottom is a process and is only confirmed after the trend changes and prices move up.
For now the low is just that, a low and we can call it bottom once the bullish trend is confirmed.
SANDBTC just hit bottom 😜, what follows is growth.
We can see a huge correction from the ATH, a massive -84.71% and there we go again... The correction is smaller on the altcoins vs bitcoin (ALTSBTC) pairs.
With that said, let's focus on the targets next.
87% potential short-term... Up to 250% mid-term.
Enjoy your weekend.
Sending you love and positive vibes.
Enjoy the full moon.
Namaste.
✳️ Cardano | Why Bitcoin (BTC) Is Better Than Tether (USDT)We know that Cardano has been growing bullish recently vs Tether (USDT) but what about the Bitcoin (BTC) pair?
We know that if you buy $1,000 worth of ADA using USDT and ADA grows by 20%, you get 20% but... If you were to buy first $1,000 worth of Bitcoin and instead by through ADABTC and ADA grows 20% while bitcoin grows 15% now you profits are multiplied.
You get to earn from ADAs appreciation in value as well as BTCs appreciation.
This is the reason why we prefer BTC pairs.
Instead of $1,200 with a 20% profit on the USDT pair if one were to buy using BTC with the example above an extra $180 would come in for a total of $1,380, or you could say 38% profits out of the initial $1000.
To maximize potential profits while trading cryptocurrencies the first step is to buy bitcoin or buy btc pairs or withdraw through btc pairs... Bitcoin is the name of the game .
With your BTC you can start your strategy and since we are at the bottom, or close to the bottom, you get to win more in the long-term.
Imagine buying $10,000 worth of BTC rather than USDT and bitcoin grows to $40,000 in 2 years while the altcoins you buy grow 3-5X.
You can enjoy exponential growth while this is lost if you trade with any stablecoin; bitcoin is the best choice if you are smart in this game.
Anybody who has been around for a while can tell you how fast everything grows when the bull market comes.
It also drops fast on a bear market but the bear market has been going for more than a year and once we hit bottom... the only place left to go is up.
Think long-term, plan long-term, earn long-term and the energy you are putting into this will give you more benefits, better results.
Remember, the trick is not to work hard but to smart.
This is just another post in a sea of trade ideas that we share every day but it can be life changing for those who are smart enough to make the change.
Namaste.
✴️ DigiByte vs Tether Long-Term | Bull, Bear, Bull (3,5k%-5,8k%)DigiByte hit an All-Time High late April 2021 vs Tether in a bull market that lasted 413 days.
A bear marked followed from April 2021 until November 2022 with a 96.52% correction (-96.52% from top to bottom), a total of 560 days.
There can be another drop after a relief rally that ends up in a new low, this is something that is yet to be seen but the possibilities are there.
Look at the chart as it is now though, there is room for a bullish wave to take place.
A relief rally for DGBUSDT (DigiByte vs Tether) can easily lead to 400% growth, mid-term, meaning within a time window of 3 months.
Now, what would the next All-Time High if the bottom is already in?
We have several options... Stay with me!
1) The 1.618 Fib. extension of the previous bull and bear markets, would lead to $0.29244 or a massive 3593% growth potential.
2) The 2.618 Fib. extension, if the next altcoins bull market is strong, can lead to an incredible 5,812%.
3) The 3.618 Fib. extension, we would need some major development within the cryptocurrency industry and specifically with Digibyte for this to take place, would lead to 7,923%.
These are the numbers for your fun and entertainment.
Not to be construed as financial advice.
I hope you enjoyed the chart.
Namaste.
✳️ Siacoin Long-Term Potential Still Intact (Up To 1500% Mapped)These altcoins that we used to give so much energy to in the past are in a hibernation state...
After the hibernation comes the activity and lots of activity, fast growth in this case.
We can see some action now but not the big wave that we would expect when the bullish market comes.
Considering this one is good for the long-term, for the short-term there are others, better choice to pick from.
We will revisit again in a few months and see what we get... But remember, everything can change in a matter of days.
Once Siacoin (SCBTC) starts moving, it will be impossible to buy at the prices we have today.
People will look back and say... "Wow, imagine buying at those prices...", "It consolidated there 6-8 months and I always ignored it", "I would have earned 10 times more by buying and holding rather than jumping around different trades"...
When this is happening, the growth will be at 300, 500 and even 800%.
The time is now to plan, to study, to learn...
With a plan at a hand, a well though-out strategy, you can change your financial future forever but this is easier said than done.
It takes courage to be successful.
It takes courage to be able to buy and wait for the right time to sell.
Emotions are strong and they become even stronger when prices drop or when things move ahead.
It is an entertaining game for sure.
It can also be a highly profitable game, or painful.
Thank you for reading.
See you soon!
Namaste.
✳️ DigiByte Strong vs Bitcoin + Trade Signal InsideDigiByte (DGBBTC) continues doing good with its low being hit May last year.
After this low was hit, we have bullish consolidation taking place.
A strong bullish signal right now is the fact that this pair is trading above EMA50 and EMA100 as well as EMA21 and EMA10.
We have an active trade for this one, see below... Patience is key!
These things take time to grow! | 24-Nov-2022
Remember to boost 🚀👍 and comment.
Thanks a lot for your continued support.
Namaste.