BTC remains bearish next targets 57.7k and 56kIn this video, I provide an update on my previous trading analysis.
I'll discuss the current targets for the bearish scenario and highlight the key levels to watch. Additionally, I present a bullish counter-idea and explain where the invalidation of the bearish thesis might occur. This way, you'll be well-prepared no matter which direction the market takes. Stay tuned to catch all the important details!
Cryptocrash
BTC Bullish Target $70K vs. Bearish Drop to $41K | ICTIn this video, I dive deep into two potential scenarios for the market:
A bullish scenario targeting $70,000 and a bearish scenario pointing towards $41,000.
I explore the concept of a smart money reversal and the market maker sell model to provide a detailed analysis of possible price movements.
Additionally, I discuss the bearish price structure and what it could mean for the market in the near term. Whether you're bullish or bearish, this analysis will help you understand the key levels to watch and the strategies that may unfold.
I would love to get some feedback! 🔥
Quick Bitcoin UpdateHello Traders,
Checkout the latest bitcoin update. When everyone was in fear we again told you to enter in market as this is the oppurtunity and you can see if you enter in any coin 12 hours ago then you are earning easy 10% returns (without leverage).
Now it's on you whom you want to follow , the one's who goes with where market goes and post late updates or with Crypto Blast who always post quick updates and also post levels in well advance.
Is Silvergate the Next Crypto Company To Fall?Who are Silvergate?
They are a crypto bank and much of their business is from large crypto investors who use Silvergate as a middleman to buy crypto from exchanges.
They work with most, if not all major crypto exchanges… including FTX.
Strong links to FTX & SBF
Sam Bankman-Freid endorsed them, particularly their “risk management” department… we all know about SBF’s risk management credentials.
FTX held some deposits at Silvergate in what’s known as an omnibus account—meaning the assets belonged to FTX customers. It was FTX’s responsibility to keep a ledger tracking the underlying customer assets, a common setup for firms that aren’t banks themselves.
Silvergate wouldn’t have had visibility into the omnibus account to know whether FTX or its underlying customers were moving assets, people familiar with the relationship said. FTX has halted withdrawals, and Silvergate has told customers it cannot take direct requests to withdraw from the FTX accounts.
My Fears
-Contagion of FTX could spill over into this stock
...
- It is the second-most heavily shorted regional bank
-“No bank in the world can honor every deposit held on its balance sheet with cash” - analyst Michael Perito
- Bank of America Quote
“After earnings, we posed the question: ‘Is the worst behind them?’” Bank of America analysts wrote in downgrading the stock. “We were wrong.”
- Morgan Stanley has once again lowered its 2023 EPS estimate for Silvergate Capital (NYSE:SI), arguing that the digital asset-focused bank faces a "wide range of outcomes and risks" from the demise of crypto exchange FTX.
- Silvergate (SI) disclosed last week that its average quarter-to-date digital customer deposits slid to $9.8B (excluding FTX deposits) as of November 15 from $11.9B on September 30.
- Manan Gosalia, an equity analyst at Morgan Stanley, estimated that Silvergate's (SI) digital deposit balances for quarter-end will drop further to $5B
So this would mean they are down 64% in deposits from the start of the year…
- Founder of EOS Developer Block.One Buys 9.3% of Crypto Bank Silvergate
... Why does the company need to sell nearly 10% of its equity? It seems a very coincidental time to be selling stock.
Does it need to raise capital?
Utility and Resilience: MANA Bounces BackBear markets are often when long-term traders make their big moves - assets that seem to stabilize or even do well (MANA, MKR in the last few days) often show that a project has dedicated supporters and some legs to stand on during the "tough times". It's easy to make money during bull runs, but it's the projects that survive during bear markets that often lead to long-term growth.
Why BTC will reach 10kIn this video, I explain why BTC will eventually reach sub 20k levels.
BTC likes to drop 85% from all-time highs, we've seen this in 2013 and in 2017.
Adding to that, the current head and shoulder playing out measures a price target to 10k, which is exactly 85% from all-time highs.
Coincidence? I think not.
So what do we do now?
Work hard and save cash.
You don't want to exhaust your cash buying every little dip.
Share your ideas and let us know what you think.
Will #Ethereum outperform #bitcoin?This is a quick update on my previous Ethereum video!
The price hit the zone I had mentioned in my previous video and bounced from it, I think there is a fact that no one can deny: Ethereum chart just looks more bullish than bitcoin! This is a factual statement! Ethereum dominance is more bullish than bitcoin dominance!
I think 20k target is available for Ethereum in midterm (lets say 3-6 month)!
In the video I have explained why this is the case! Also make sure you watch my bitcoin update!
PS: When speaking about eth.d chart I said "cup and candle" instead of "cup and handle" :))) I am sure you understand why this is a normal thing for a trader to do :))
Let me know what you think people!
Chartmaster
What the Hell happened to Bitcoin? What is next?Holly molly! So bitcoin crashed from 54k all the way towards 42k in a single daily candle! This is a huge crash and over 1B positions in futures market got liquidated!
I will share my thoughts on why this happened? and How we should handle this in coming months?
I can summarize the video in one sentence: do not try to predict markets, rather try to react!
Please let me know what you think about this video so I can continue to improve!
Much love and Thank you for your attention!
Chartmaster
BTC dumpHello everyone...dark day for the crypto market.
The analysis of today will go through a couple of scenarios and my plan depending on the following BTC price action.
I believe this is one of the best videos I have ever made. Hence I suggest you watch it.
I hope this will help you have a better idea of what is going on and have a better plan!
Remember, these are my ideas...any of my posts are explaining my few, and you should always do your own research as I do not dispatch financial advice...ever.
Bitcoin Big Picture 📈This is a different point of view to Bitcoin. Every one talking about crypto crash, Biggest correction ever, Elon Musk tweets, China and whatever.. I want to show a different analysis on the market. So fasten your seat belt a watch the video. This is my first time making a video because I found a lot of data in this analysis, that if I put it into a usual post you would be confused so I tried a Video this time. This way I can give the information to you completely.
So I like to see your opinion about the analysis and any question you got, so feel free to leave them in the comment section. And if you find this analysis useful share it with your friend so the can take benefits from it.
Weekly Watchlist 25 September [Crypto]In this video I break down my crypto watchlist for this week as well as the current conditions on bitcoin in the beginning of the video. If you found this video helpful please make sure you like and follow for content like this every week. Also please note that this is not financial advice. Comment your questions and Good Luck!
My Watchlist:
www.tradingview.com
Are you ready for the Crypto Crash? In today's video we share our analysis for the high probability of a wider market crash in cryptocurrencies.
For our own portfolio this means that we are looking to secure some profits and position ourselves to take advantage of any discounted levels that present themselves.
Let us know your thoughts in the comments.
The Corona Virus Conspiracy ------ WAKE UP IT'S ALL PLANNED MartyBoots here , I've been trading the markets for 13 years and I have see this Panic before
What is unusual is that the Corona virus could have actually been used to manipulate the masses and even other countries
Who needs real war when you can just create a deadly virus
Anyway let me know in the comments what you guys think
Please like the Video to help my work
This is not my normal video , I just thought I would put it out there because there are a few very fishy elements to this situation , this is also evident in the charts