BITCOIN Massive liquidity signal triggered.Bitcoin (BTCUSD) is starting the final and most aggressive part of the current Bull Cycle: the Parabolic Rally. The latest and perhaps the strongest signal to confirm that comes from the well known liquidity combo indicators that we have developed these past few years.
The Global bonds yields pool (blue trend-line) is reversing upwards again, the first time it does so this year, while the Dominant circulating liquidity + High Yield corporate bonds indicator (black trend-line) is also reversing upwards after seemingly hitting a bottom similar to April 2020, October 2016 and July 2012.
The trigger signal is given by the Stoch RSI (2M time-frame), which just broke above the overbought 80.00 barrier. Every time it has done so historically, it has coincided with a massive bullish reversal on those Liquidity Indicators (LI) and Bitcoin made a Cycle top within 12 - 13 months later.
As a result, we are expecting BTC to peak a year from now, around May 2025. Brace yourself for a wild ride ahead!
But what do you think? Is liquidity about to kick in and cause a massive rally? Feel free to let us know in the comments section below!
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Cryptocurrencies
PEPE can rise another +200% from here.Pepe (PEPEUSD) completed an extremely strong 1D green candle last week, the strongest in fact since February 26 2024. The 1D RSI turned wildly overbought but as long as the 1D MA100 (red trend-line) supports, we expect this raly to continue all the way to the top of the Channel Up (Higher Highs trend-line).
Our Target is for this Bullish Leg to complete a +1136% increase (0.000050) just like the wave that topped on March 11.
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BITCOIN There is no turning back from this.Bitcoin (BTCUSD) has started the 5th Bullish Wave of the current Bull Cycle, following the consolidation of the past 2 months. Since the November 2022 bottom we have had 4 such waves with consolidations ranging from 1 month to 6 months (blue Channel of April 10 - October 10 2023). The current wave can technically take Bitcoin up to $100k alone.
What is even more bullish than that though is the fact that the whole (ellipse) structure since the October 2023 Low, resembles the sequences of April 2020 - March 2021 and May - December 2017. As you can see, both were Bullish Legs of the 7-year Channel Up. Symmetrically, it appears that we are past its 2nd consolidation (blue circle) and starting the final rally to the Top of the Channel Up.
That means that the Cycle Top can even be marginally higher than $200k until the 1W MA50 (blue trend-line) is breached again (note that we are past a 1W Bullish Cross also) which can make us start considering a Bull Cycle again.
But what do you think? Is this rise just the start of a wave that will take BTC to 100000 even 200000 if history repeats itself? Feel free to let us know in the comments section below!
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Bitcoin(BTC/USD) Daily Chart Analysis For Week of May 24, 2024Technical Analysis and Outlook:
Bitcoin has broken through our Mean Resistance at 66900, completed our Inner Coin Rally at 69800, and then pulled back to the trading zone. The target for an upward movement is now set at the newly established Mean Resistance at 71500 and the aged Key Resistance at 73200. On the downside, we are looking at the newly established Mean Support at 67100 and a possible extension to Mean Support at 65000.
BTC nears all-time highsBitcoin exploded past $71,000 and, in the process, broke above the upper bound of the descending channel. This price action was accompanied by a rise in RSI, Stochastic, and MACD on the daily chart, all of which are bullish signs. However, with a recent slowdown in Bitcoin ETF inflows, it is in question how much upside potential is left before Bitcoin starts giving up some of the gains. Therefore, much attention will be paid to Bitcoin’s ability to stay above the channel’s upper bound. If Bitcoin closes above the channel for multiple consecutive days, it will bolster a bullish case in the short term. Conversely, a failure will be slightly concerning. Besides technicals, the performance of the U.S. stock market, particularly the tech sector, also remains a significant factor due to its high correlation with the cryptocurrency market. If the stock market begins forming a double top, Bitcoin will be negatively affected.
Illustration 1.01
The daily chart of Bitcoin (BTCUSD) shows a bullish breakout above the upper bound of the descending channel.
Illustration 1.02
The chart illustrates the daily MACD and its successful breakout into the bullish zone.
Illustration 1.03
The illustration above displays simple support and resistance levels derived from peaks and troughs.
Bitcoin addresses
Since our last update, the number of Bitcoin addresses with balances exceeding 1,000 BTC has continued to tick higher. The same applies to the addresses with holdings exceeding 100 BTC. These are positive signs, but the rate of increase is negligible.
Technical conditions
Daily time frame = Bullish
Weekly time frame = Bullish
Monthly time frame = Bullish
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 serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.
BITCOIN is going to 'attack' $150k next. Confirmed!Bitcoin (BTCUSD) is starting the next rally phase after the pre and post-Halving 2-month consolidation, a development that is consistent with both of its previous Cycles.
In fact, if traded around and above the Mayer Multiple Band (MMB) of 1 Standard Deviation (SD) above (gray trend-line), which is the exact same consolidation phase it had (blue ellipse) after every time the Bollinger Bands Width (BBW) bottomed (blue trend-line).
The astonishing symmetry among BTC's Cycles is evident also when using the Vortex Indicator (VI)- and the CCI both on the 2M time-frame. As you can see, every timr the VI- topped was when the CCI made hits 1st Higher Low following its own bottom. The distance between that point in time (vertical orange line) and the bottom of the BBW (vertical green line) has been around 180 days on each of the past 3 Cycles.
On the last two, Bitcoin topped within 560 - 595 days from the vertical orange line. As a result, we can expect the price to top by the week of March 17 2025 the earliest.
The most important part perhaps is that after each consolidation after the BBW bottom (blue ellipse), Bitcoin's immediate target was the MMB 3SD, which is the orange trend-line. That is currently at $125k but by the time the rally reaches it, it could be closer to $150k.
But what do you think? Do you feel that BTC is about to 'attack' $150k as its next target? Feel free to let us know in the comments section below!
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ETHEREUM Will an ETF approval cause a massive rally?Exactly a month ago (April 22, see chart below), we called for Ethereum's (ETHUSD) bottom and gave a medium-term buy signal:
With the SEC facing deadlines on May 23 and May 24 to decide on spot Ethereum ETF applications by Vaneck and Ark Invest, we might be in front of a massive rally. Even from a technical point of view, the historic Cycle performance of Ethereum suggests that currently we might be getting off a similar consolidation to August - October 2020.
Observe how the 1W RSI is making a bullish reversal after having pulled-back from a marginal Channel Up break-out. At the same time, the 1W LMACD is about to make the exact same Bullish Cross it did on the week of November 09 2020, when again it started to break above that consolidation.
What followed these events back then was a massive rally that peaked marginally above the 1.5 Fibonacci extension level. As a result, we remain bullish long-term, expecting a strong rise until the end of the year, targeting $12000 (Fibonacci 1.5 ext).
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FLOKIUSD Wait for this pull-back and buy.Floki Inu (FLOKIUSD) hit the top (Higher Highs trend-line) of the 1-month Channel Up that started on the April 13 Low. Based on the price action that followed, we should now see a pull-back of at least -15% before the new Bullish Leg begins.
We expect that to go for a test of Resistance 1 before the Channel Up breaks parabolically upwards into the new Alt Season. As a result we will go for a short-term buy at -15% and target 0.0002650 (just below Resistance 1).
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This is the real question to ask now.There are two scenarios.
1- Bull pennant
2- Bull flag
Write in the comments which one do you think?
- If it is a bull flag, there is a possibility to drop to $2800.
In a different analysis I shared yesterday, I gave the target of $2800. Please check it.
- If it is a bull pennant. Yesterday we had a bear trap and now retesting the breakout.
In both scenarios, I think we have beautiful days in front of us after Bitcoin halving.
* What i share here is not an investment advice. Please do your own research before investing in any digital asset.
* Never take my personal opinions as investment advice, you may lose all your money.
BITCOIN Can it reach $200k?Bitcoin (BTCUSD) is on yet another green 1M (monthly) candle and if it closes that way it will be the 8th in the last 9, a natural Bull Cycle rally. This is taking place around the former All Time High (ATH) level for the 3rd month in a row.
A similar consolidation (blue circle) took place during each and every past Cycle and every time a very strong rally (green zone) started after it. Parallel to that, the 1M RSI printed a short-term pull-back. When the 1M MACD hit its Lower Highs Zone, it was time to start taking profits as the Cycle Top was priced.
Based on this past Cycles model, $200k is a very plausible Target that would even be much lower than the top of the Parabolic Channel.
So what do you think? Will BTC go that high during this Cycle? Feel free to let us know in the comments section below!
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The current decrease in DXY value made Bitcoin interesting againDear Traders,
As we gear up for the week ahead, Bitcoin stands out as a focal point, presenting a potential buying opportunity around the 63,000 mark. While Bitcoin maintains its upward trajectory, it's currently undergoing a corrective phase, edging closer to the critical support and resistance zone at 63,000.
What heightens interest is the recent decline in the Dollar Index , reigniting attention toward Bitcoin. Understanding the inverse correlation between Bitcoin and the DXY offers insight into this phenomenon.
Bitcoin, often likened to digital gold, tends to move inversely with traditional fiat currencies like the US dollar. Here's why:
Safe-Haven Narrative: Like gold, Bitcoin is seen as a hedge against inflation and economic uncertainty. A weakening dollar prompts investors to seek refuge in assets like Bitcoin, driving up its demand and price.
Macro-Economic Factors: Bitcoin's value is influenced by macro-economic indicators such as interest rates, inflation, and geopolitical tensions. A declining dollar often accompanies dovish monetary policies or economic instability, bolstering Bitcoin's appeal.
Market Sentiment: Sentiment plays a crucial role in the cryptocurrency market. A weakening dollar signals broader market concerns, leading investors to gravitate towards assets perceived as more resilient, like Bitcoin, thereby amplifying its upward momentum.
Diversification Strategy: Institutional investors increasingly view Bitcoin as a diversification tool. Its negative correlation with the dollar enhances its appeal as a non-correlated asset, helping to mitigate portfolio risk.
Given these dynamics, the recent downtrend in the DXY has reignited bullish sentiment towards Bitcoin, potentially spurring buying interest around the 63,000 zone. However, it's essential to exercise caution and strategic analysis in navigating the volatile cryptocurrency market.
Stay vigilant,
Happy Trading!
Orion (ORN) - Bullish divergenceOn the above 4-day chart price action has corrected 98% since 26 dollars.
Is now a better opportunity from that one published in January @ 1 dollar? (linked)
At this time:
1) Price action and RSI resistance breakouts plus backtests confirmations.
2) Strong bullish divergence as measured over 60 days. 8 oscillators print positive divergence with price action.
3) What was said above is also true for the ORN-BTC pair.
4) The falling wedge breakout prints on legacy support. It is from here the flagpole is used to measure the target, which is also the golden ratio @ 6 dollars or thereabouts.
Is it possible price action could fall further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: act now
Return: 1100% / $6
BITCOIN Inverse H&S in full motion. Next stop = $100k.We have been expecting the Inverse Head and Shoulders (IH&S) to break-out above the Lower Highs trend-line since May 06 (see chart below) and Bitcoin (BTCUSD) dully delivered:
In fact, what we will do on this idea is simply update the Bullish Megaphone of May 02 and chart it inside a more fitting Channel Up:
The previous two IH&S bottom formations delivered a rise of around +95%. With the 1D MACD on the same Bullish Cross that was present on both of those bottoms, we are expecting the $100000 psychological target to be reached after July, which will even be a rise below +90%.
What is your take on this? Feel free to let us know in the comments section below!
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Risk-on mood is on, but ETF inflows are slowing downOn Monday, we outlined a neutral trend of a lesser degree, as implied by the daily chart. In addition to that, we observed a formation of the inverted head and shoulders on the 3-hour chart, noting the potential for a small price surge if the neckline was broken to the upside. Interestingly enough, in a broad market risk-on move yesterday, Bitcoin (BTCUSD) rose through the neckline and continued to march above $66,000, where it currently trades. As a result, technical conditions slightly improved on the daily chart and moved toward the bullish side, with RSI and Stochastic resuming growth. Nevertheless, MACD has not yet returned to the bullish zone above the midpoint, and the ADX has not recorded a significant rise, suggesting the trend is still either neutral or very weak if bullish. The major resistance lies at $67,513; if this level is taken out, it will likely open a path to $70,000.
Apart from technicals, major stock market indices recovered nicely from recent selling, being a positive development for Bitcoin, which remains highly correlated with the U.S. tech sector; unless indices start forming a double top, the chances of Bitcoin returning above $70,000 and marking new all-time highs will grow. What is more concerning, though, is that inflows into various Bitcoin-related ETFs saw a significant slowdown this month. For example, Bitwise Bitcoin ETF (BITB) recorded $226.07 million inflows in April 2024. However, so far this month, it saw merely $10.6 million flowing into the coffins. The same is the case for Fidelity Wise Origin Bitcoin Fund (FBTC), whose inflows amounted to $659.42 last month and only $26.19 in the current one. Similarly, iShares Bitcoin Trust (IBIT) experienced inflows of more than $1.6 billion last month but only $23.91 million thus far in May 2024.
Illustration 1.01
The 3-hour Bitcoin (BTCUSD) chart portrays the inverted head and shoulders and bullish breakout through the neckline.
Illustration 1.02
The illustration portrays Bitcoin's (BTCUSD) daily MACD. Its return above the midpoint will bolster a bullish case in the short term. Contrarily, a failure to break through the midpoint will raise slight concerns over an impending loss of momentum, especially if combined with a lack of growth in ADX.
Illustration 1.03
The image above shows simple support/resistance levels derived from past peaks and troughs.
Bitcoin addresses
The number of Bitcoin addresses with balances exceeding 1,000 BTC increased moderately in the past two days, but the rise is insignificant. Besides that, the figure is still lower than a month ago. The same applies to the addresses with holdings exceeding 100 BTC.
Technical conditions
Daily time frame = Neutral
Weekly time frame = Neutral
Monthly time frame = Bullish
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 serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.
CHZ/USD Main trend. Pivot Zones.Logarithm. Time frame 1 week The main (long-term) trend. The idea is to understand where the price is in the main trend. Reversal zones and key support/resistance levels for work.
This is what it looks like on a line chart.
Secondary trend. Time frame 3 days.
CHZ/USDT Secondary trend
Local trend. Time frame 1 day.
CHZ/USD Local trend. Pivot area.
BITCOIN Is 150k by August realistic?Bitcoin (BTCUSD) started to rise again, which is very natural as it almost completed a -25% correction (normal during Bull Cycles) and closed yesterday above the 1D MA50 after two straight rejections.
The situation couldn't look better on the long-term charts as well, namely on 1W where it is at a cyclical stage (ellipse on the chart) where during past Cycles it started its most aggressive rally.
As you can see, BTC rebounded on the EMA Ribbon, after making a new All Time High (ATH) while also recovering the Mayer Multiple SD1 from above (grey trend-line). When those parameters got met in the past, Bitcoin always touched at least the MMB SD2 from above (orange trend-line).
Based on that, the next Target on this run is $150000. Do you think that would be realistic as early as the end of August? Feel free to let us know in the comments section below!
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The trend of a lower degree turns neutral againBitcoin continues to hover within the downward-sloping channel, and the trend of a lower degree remains neutral, as implied by the low value of the daily ADX and choppy price action. With these developments in place, the focus lies on support at $60,760 and $60,000; a breakout below these two levels will bolster a bearish case in the short term, especially a breakout below the latter. This case would also be strengthened by declining RSI and Stochastic on the daily graph, along with MACD’s failure to move into the bullish area above the midpoint. Contrarily, a bullish case would be strengthened by the rise in all mentioned indicators simultaneously, along with a breakout above the 20-day SMA and later the 50-day SMA.
Illustration 1.01
The yellow arrow indicates a temporary fakeout above the important trendline; if Bitcoin breaks above it and manages to stay there, it will be positive for the cryptocurrency in the short term.
Illustration 1.02
The image above shows simple support and resistance levels derived from peaks and troughs.
Bitcoin addresses
There have not been any notable changes to the number of Bitcoin addresses with balances exceeding 1,000 BTC; the same applies to the addresses with holdings exceeding 100 BTC.
Technical conditions
Daily time frame = Neutral
Weekly time frame = Neutral
Monthly time frame = Bullish
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 serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.
BITCOIN starting a mega rally. See when alts will follow.Bitcoin (BTCUSD) just completed the final consolidation phase (red Rectangle) that as per the price action of past Cycles, is the final stage before the 1-year rally to the new Top. As you can see alt coin market (black trend-line) tends to bottom after Bitcoin's rally has already started and when it turns sideways again for a few weeks.
Technically alts make that 2nd major Higher Low on their Cycle and rebound when BTC investors take some profits and direct a certain portion of capital to the riskier but more generous in terms of returns, altcoin market.
So if you're wondering what to do next, be bullish on BTC and as the new rally extends, start taking profits towards August and make sure you're invested in alts. The lower their dominance is by then, the better.
Do you agree with this approach? Feel free to let us know in the comments section below!
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ETHUSD Bearish Robbery Plan To make and take moneyMy Dear Robbers / Traders,
This is our master plan to Heist Bearish side of ETHUSD Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned with target in the chart focus on Short entry, Our target is Green Zone that is High risk Dangerous area market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic resistance level, Once it is cleared we can continue our heist plan to next target.
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BCHUSD Bearish side Money Heist PlanMy Dear Robbers / Traders,
This is our master plan to Heist Bearish side of BCH/USD Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned with target in the chart focus on Short entry, New Robbers who looking to join the heist they should enter after the breakout only. Our target is Green Zone that is High risk Dangerous area market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic resistance level, Once it is cleared we can continue our heist plan to next target.
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Coinbase's high uncertainty rating explained, key zone $190Coinbase's stock price has been in a downward consolidation phase since March, with a key level zone identified at $190. This zone represents previous highs and serves as a crucial support level during this period.
A breach below $190 could trigger selling pressure, potentially pushing the price lower towards the open gap at $143. This scenario suggests that a break below $190 may signal further downside momentum in Coinbase's stock price.
Coinbase's first-quarter earnings, scrutinized by Morningstar, revealed robust growth driven by surging cryptocurrency prices and volatility. Revenue more than doubled to $1.6 billion, bolstered by a $737 million gain on mark-to-market cryptocurrency assets, resulting in a net income of $1.18 billion. The retail trading business emerged as the primary revenue driver, experiencing a 99% increase from the previous quarter and a remarkable 184% surge from the previous year, totaling $935.2 million. Despite concerns over long-term price competition due to high fees relative to peers, Coinbase's market share remained resilient, with average pricing trending upwards.
Economic Moat Rating and Financial Strength
Morningstar assessed Coinbase's economic moat as nonexistent, despite its leading position in the US cryptocurrency exchange market. The company's reputation for reliability and compliance has allowed it to charge higher fees than many competitors. With over $5.1 billion in cash and significant cryptocurrency assets, Coinbase maintains a strong financial position, providing flexibility during periods of market volatility.
Risk and Uncertainty, Bull and Bear Perspectives
Coinbase's exposure to cryptocurrency prices and trading volume, coupled with regulatory uncertainty and interest rate exposure, contributes to its Very High Uncertainty Rating. Bulls emphasize Coinbase's leading market position and potential for global expansion, while bears caution against the cyclical nature of cryptocurrency markets and regulatory challenges, including allegations of acting as an unregistered securities exchange by the SEC.