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🔥🔥 Futures on ETH: The roof, the roof, the roof is on fireBitcoin, Ethereum and most other cryptocurrencies fell on Tuesday 08-11-2022 following Binance's announcement of its intention to acquire FTX, heightening concerns about liquidity in the industry. According to TradingView, the Total Market Cap - the global value of the entire crypto sector was down 15% on the past day, reaching $813 billion. Bitcoin lost 12%, Ethereum lost 17.5% and Dogecoin lost 25%. The FTX token crashed 84% and Binance's BNB also reversed a sharp previous 17% gain and turned negative, falling 6%. “To protect users, we have signed a non-binding Letter of Intent, planning to fully acquire FTX.com and help manage the liquidity crisis,” Binance CEO Changpeng Zhao tweeted. Zhao added that the deal is pending confirmation of his firm's ability to conduct due diligence on the FTX purchase and the exchange itself. A liquidity crisis plagued the FTX exchange at the beginning of the week amid a sharp decline in FTX Token. A CoinDesk report last week suggested that FTX-owned Alameda Research's balance sheet is heavily dependent on FTT, raising concerns that the two parts of the Bankman-Fried e mpire depend on illiquid cryptocurrencies rather than cash or other liquid assets. The liquidity problems of the crypto sector arose after the crash at the beginning of the year, which erased $340 billion of market capitalization and lowered ETH from $3,900 to $2,200, followed by the collapse of the “stable” Terra UST coin, forming a steady series of crashes in the industry, following behind the increase in interest rates of the Federal Reserve against the backdrop of its fight against "indomitable inflation". The technical picture in ETH futures points to potentially increased risks of further erosion and disruption of the crypto market as the U.S. Federal Reserve’s interest rate cycle nears its climax and logical conclusion before the end of 2022. The left scale shows market expectations for a Fed rate by the end of Q1'23. That is well above 10-year US Government Treasuries yield.
CME:ETH1!Short
by PandorraResearch
$BTC1! Futures on 1HR 10/24 Prediction$BTC1! Futures 10/24 Prediction Looking at BTC, we can see it has been consolidating since 10/11 trading in a sideways pattern looking back at the daily time frame. Consolidation can mean that the price is settling ready for higher highs, however as you can see here on my chart BTC needs some confirmation before it can reach higher highs. Larger whales can see this consolidation and get in, in which they might think that the dust is starting to settle but idealistically this can go either way for what level BTC is currently at. I would want to see three green candles in a row, with the third candle being a confirmation candle. So my conclusion is this for this week, i expect a pullback tonight or tomorrow for BTC as it looks over extended for VWAP. Let me know your thoughts, Thanks, Your Bae, Kelly :)
CME:BTC1!
by angelbaetrades
1
Bitcoin - Breakout below 19 000 USD confirms our bearish thesisYesterday, Bitcoin dropped below the support level at 19 526 USD. Then later, the price continued below 19 000 USD, halting its movement at a low of 18 540 USD. These developments are negative for Bitcoin and further confirm the bearish thesis we laid out in our previous articles. At the same time, there was no significant change in fundamental or technical factors, allowing us to stick to our bearish outlook and price targets at 17 500 USD and 15 000 USD. Although with mounting evidence of the global economy slowing down, we think the price of Bitcoin will drift far below our price targets. Indeed, we believe Bitcoin will test 10 000 USD in the coming months. Despite that, we would first want to see our price targets being hit. After that, we will reassess the situation and set new price targets. Illustration 1.01 Illustration 1.01 shows the 5-minute chart of BTCUSD. The yellow arrow indicates yesterday's quick price action that led to Bitcoin plunging below the 19 000 USD price tag. Technical analysis - daily time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the daily time frame. Illustration 1.02 The chart above shows three bearish breakouts, which also confirm our bearish thesis. However, the most recent breakout was retraced; ideally, we want to see the price drop and stay below the immediate support/resistance. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame. Illustration 1.03 Illustration 1.03 shows the daily chart of BTCUSD. The yellow arrow indicates the spike in volume, which is another bearish development. Ideally, from here, we would like to see volume increase accompanying a declining price. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:BTCUSDShort
by Tradersweekly
40
Bitcoin - For Trading Not for InvestingWhen Bitcoin was trading at around 60,000 level in late 2021 and before that year, whenever friends, acquaintance and participants asked my opinion about investing into cryptocurrency, immediately I knew they may not know much about cryptocurrency. To clarify, I am not an expert in cryptocurrency, but I know its intrinsic value could not be calculated then and even today, therefore it is an instrument not for investing but for trading. Let me elaborate, as long as we cannot define its intrinsic value to any so-call an asset, it is not an asset, but an instrument for trading. When we get into trading, meaning, we have to acknowledge the getting in and out, out also represent to exit the market with either a profit or a loss, it is part of the deal in trading – we have to be quick when we make a wrong decision. However, if you position yourself as an investor in crypto, you will either always perceive it will break new high or hope that it will someday go back to its former glory. Throughout the whole tutorial, I will do a recap on how I have spotted this top here in November 2021. I have done this in another personal forum I have back then. I will go through that and it may seem like a hindsight view, but I will apply the same strategy to the current market using just trendline and divergence. Bitcoin Futures Minimum Tick: $5.00 = US$25 or $1.00 = US$5 Contract Value: 20,000 x US$5 = US$100,000 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME:BTC1!Education
by konhow
2
Bitcoin daily : near 20.600 after pinbar comes ,pick buy use very vetry low size and wait bitcoin go down , near 20.600 when you see buy pinbar in 60 or 240 or daily chart come , inter buy and hold it near 15 day , dont close it sooner than 36000 SL=pinbar low or 17400 predict = bitcoin will see 50.000 until year end so dont close your buys soon , so be carefull from sell (100% use low size and SL), 80% looking for buy in deep until 50.000 ALERT= if bitcoin break low 17400 can crash to 14000 ( 2nd buy place after pinbar comes) good lock
BITFINEX:BTCUSDLong
by ramin_trader2006
2
BTCUSD: Consolidation nearly finished, lookout below!The market appears to have nearly exhausted all business in this consolidation zone. We're very near the downward trendline on the daily chart. The MAs have rolled over on the 30min chart and VWDB on the 30 min has turned negative again. I stopped publishing with the daily and 30min charts side by side because I work on an ultra wide monitor and Tradingview squishes the aspect ratio down until the charts are unreadable. The next level of interest on the daily chart is the 12600 area. This is former resistance that may act as support. It's an old level from August 2020, so who knows what will happen when the market reaches that level. Fundamentally, USD strength should continue to create headwinds for the BTCUSD pair. Gold has taken it on the chin the past few trading sessions and I expect BTC to follow in short order. Leveraged traders should use the top of this consolidation zone as their stop loss. Spot traders should remain in cash for now.
CME:BTC1!Short
by iamroot