BTCUSD | Market outlookThe positive dynamics are constrained by two main factors: a decrease in the risks of a banking crisis and increased pressure from American regulators on the activities of cryptocurrency platforms. Thus, the US Commodity Futures Trading Commission (CFTC) filed a lawsuit against the largest exchange Binance and its head Changpeng Zhao, accusing them offering derivatives to American clients, helping to bypass the control program, and conducting insider trading. The situation can lead not only to significant penalties but also to a complete ban on the company's work in the country. Later, the Securities and Exchange Commission (SEC) accused the Beaxy trading platform of illegally distributing the BXY token, which is a security, in the amount of 8.0M dollars. The agency is already suing Ripple, Genesis, and Gemini, continuing to put pressure on the digital sector. At the same time, lawyers note that US officials still cannot agree on how to classify cryptocurrencies: for example, they are designated as goods in the CFTC lawsuit, and as securities in the SEC lawsuit. The lack of clear regulatory rules is already making many representatives of the cryptocurrency community think about moving business from the United States to other regions, primarily to Asia, where digital assets are treated much more loyally.
Crytpocurrency
Buy Ethereum (Daily Timeframe)Ethereum is still in its uptrend channel on the daily and weekly timeframe after previously rebounding from its lower channel, support and demand zone at bottom of 1k.
Next target if the resistance and supply zone at area 2k break and with a close above, is at the resistance and supply zone at mid 3k.
XCNUSDT ALTCOINS CRYPTO WAKANDIANWhat i really wish for; in the coming days after cpi
XCN WTF IS THAT
Now we are all awre that we are accumulating liquidity both side of the market
I wish to stay Neutral But an Old WISE MAN ONCE SAID
GO SHOPPING WHEN THERE IS BLOOD IN THE STREET
LMAO WARREN
ICT STUDENT
This is not a financial advice OR TRADE SIGNAL
DYOR
Still watching for reversalMorning folks,
As we've said previously - we're sceptic on current upside rally and still watching for reversal. Since BTC is still coiling around the top, we see rising bearish pressure, based on price shape performance. Our previous trading plan is still valid, as BTC still keeps theoretical chances to form upside butterfly. But, in fact, we don't care what reversal shape will be.
We intend to use either this butterfly for short position taking or larger H&S pattern. Our nearest downside target stands around 20K. If reversal starts from 26.20-26.40 - all the better.
The Truth about Bitcoin Dominance Bitcoin Dominance (BTCD) is a ratio that measures the market capitalization of bitcoin (the largest digital asset by market cap) against that of all other cryptocurrencies, or altcoins. It's a ratio calculated by taking the market cap of BTC and dividing it by the market cap of all other altcoins.
Now if you think about the number of ALTS that got released in the market over the last few years, each taking a % of the Money and also, bringing some more in from TradFi, it is easy to see why the Dominance of Bitcoin in the market has subsided and yet, it is truly impressive that it has held its ground since around Sep '21, ranging effectively.
What is also important to note here is where the BTC.D PA was Bitcoin Got to ATH levels - BTC Dominance was NOT at a high
What does this show us ?
That by the time BTC was en route to an ATH, there was enough money coming into the market to take the ALTS up with it, while NOT taking money away from Bitcoin itself.
So, as a result, I Feel that these days, it is Very important to use the BTC.D, ETH.D and OTHERS.D charts alongside the TOTAL, TOTAL2 ^TOTAL3 charts to really Get a clear point of view.
And as a final point, Currently, we see BTC.D climbing well, we are also seeing TOTAL climbing alongside TOTAL3 ( Ex BTC & ETH), So, it is safe to say that the market has once again become desirable to investors. We do need to remain cautious though, as TradFi is not finished trying to save itself.....But the future is ours
Liquid staking: Any prospects with $LDO?This is a continuation of our previous idea :
In the first part, we dissected native staking, the current situation, and made a firm prediction about what Ethereum will face next. In this article, we will define liquid staking, examine current data and the most important liquid staking protocol, Lido, and forecast what's next for the $LDO native token.
What is liquid staking?
Liquid staking is a method of staking in which the user receives derivative tokens from the provider protocol, such as stETH from the Lido protocol, which can be used to generate additional revenue through DeFi protocols or converted to any other token via CEX or DEX.
What is $LDO?
Today, there are 9 most popular liquid staking protocols that account for ~40% of the total market. Lido is the most popular protocol (~28.9% of total staking volume and 87.5% of liquid staking volume).
LDO is a governance token. It does not entitle holders to a share of the generated yield or commissions. The token also has additional inflation. Lido constantly cooperates with different projects and provides incentive awards for pools with its tokens. 2-3 million LDO per month. But the number of allocated rewards is gradually decreasing.
Smart-money in $LDO
We should also mention the smart money that invested in $LDO tokens in the early stages. In short, all of the major funds that invested in $LDO are still holding their tokens, and many have not sold them at all. Paradigm, for example, increased the capitalization of its investment from $50 million to $130 million.
The only exceptions were Alameda Research and 3AC, which had serious issues in 2022 and required funds for liquidity and closing payment gaps.
WHAT SHOULD WE DO WITH LDO?
The capitalization of all liquid-staking protocols will increase because their product offer alleviates users' pains and makes them more agile. LDO is the locomotive of this trend; compare it to Ethereum in the Layer 1 segment. While LDO may appear to some to be outdated, there are protocols that provide better and more flexible terms to their users. However, betting on the growth of LDO is betting on the growth of the entire segment. If you want to make a lot of money, you should look for protocols that are less well-known by the general public.
Smart money believes in LDOs, but you must understand that their margin of safety is greater than that of a single trader. Always assume that your investments will be long-term.
Users trust Lido because their ecosystem has been tested in the market, their derivative token stETH has been attacked by other market participants, and the Lido team knows how to deal with it.
To summarize, a long in LDO is a bet that the liquid staking protocol segment will expand further, and you choose the market-tested protocol among others.
By the way, you can trade $LDO with us. Check the signature. Write your comments abut LDO and don't forget about risk management!
$ETH - new trend, who dis? New year, new trend.. funny how that works, huh?
As most of us know by know, the fed will be start to become more dovish as inflation starts to dwindle down.
However, the fed has never started to cut rates when the $VIX is under 40.
Ever since COVID we have had a huge reset and we are in historical times.
Be wise and study everything you can. The bull market isn't officially here again, but it's coming.
We might have a lot of chop as the fed tries to avoid another Paul Volcker situation.
Ensuring inflation is tamed is critical, if it rises again when we start to drop rates it could
cause the fed to lose control of the situation.
Use this time to make sure your bags are allocated properly with layer 1s & alts.
While eth might 10x-15x, its possible for these smaller micro caps to explode
100x-1000x as more users start to come into the ecosystem again (exit liquidity).
Godspeed.
BITCOIN PREDICTION!!!! IS THIS THE BOTTOM???DESCRIPTION: In the chart above I have provided a MACRO to Micro analysis for BITCOIN by taking into consideration SUPPLY & DEMAND POCKETS along with recent BREAK OF DOWNTREND CHANNEL by a DESCENDING TRIANGLE PATTERN that can break either to the UPSIDE OR DOWNSIDE.
POINTS:
1. Year to Date puts BITCOINS price action at a -77.48% correction.
2. With a current 210 days consolidation within current SUPPLY & DEMAND POCKET.
Beginning with SUPPLY & DEMAND POCKETS BITCOIN shows a DEVIATION of 10,000 points between every "STABLE CONSOLIDATION PERIOD".
2. DOWNWARD CHANNEL that began at 66,000 points was broken when price action hesitated to fall below 16,000 as SIDEWAYS CONSOLIDATION continued.
3. RSI is showing signs of steady bullish momentum in a much more stable fashion than before.
4. MACD is indicating that a big move is on the way since buying and selling pressure is in between.
*NOTE: Lose of current SUPPORT OF 16,000 would invalidate any BULLISH MOMENTUM.
SCENARIO #1: Continuation of sideways momentum that eventually breaks 20,000 point entry could push BITCOINS price higher.
SCENARIO #2: Discontinuation of sideways momentum and a fall below 16,000 point crucial support can eventually lead the way to a 13,000 entry.
BITSTAMP:BTCUSD
$10k #BITCOIN 85% Draw DownBitcoin has historically shown an 85% drawn down from ATH's.
==============================
BEARISH / Short
- Currently @ $17k, BTC will drawn down another 40% to meet $10k BTC.
- Has NOT met the full 85 % draw down
==============================
BULLISH / Long
Buy orders are in for a $10.2k BTC price.
- need to see the full 85% draw down
- V Bottom Recovery
- 30 Day sideways market
==============================
==============================
Will we ever meet a $475k #BITCOIN Price before 2026?
==============================
4500% (45x) from $10.2k
$1,000 = $45,000
==============================
==============================
Bull or Bear?
comment Below
InvestMate|Bitcoin time to break out💲Bitcoin time to break out
💲The post is a continuation of my thoughts on Bitcoin, this time in a closer perspective.
💲In my opinion we have made the bottom of the current bull market all due to the change in trend on the dollar and the major indices for an elaboration on the topic I refer you to the post above.
💲In my analysis I made use of several technical tools:
💲1. I determined the downtrend channel, the last downtrend implosion from which we broke out at the top
💲2. I measured with the fibo the entire downward wave
💲3. I have measured with the fibo the last correction in the current upward impulse
💲4. I determined the support zone at levels where the price reacted in the past.
💲5. I determined the first resistance zone based on a cluster of two fibo levels. The 0.5 level of the entire downward wave and the 1.272 level of the last correction in the upward impulse.
💲6. I determined the second resistance zone based on the cluster two fibo levels. The 0.618 level of the entire downward wave and the 1.618 level of the last correction in the upward impulse.
💲The scenario I am playing out is to break out first to the first resistance zone and then to the second.
💲I am aware of the fact that there is a likelihood of a retest of the support zone from which a breakout may then follow.
💲*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario for further increases.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
ETHEREUM Is Confused...But The Price May Rally.Hey trader, I hope you're having a profitable week and ready for NFP!
As you can see, the price is bullish running in the double bottoms L2 and above the bullish crossed short-term MA's. It is preparing to rally for the patterns L3 and 200 MA (that is not visible here but on my MT4 chart). We'll get the confirmation once the price has bullishly closed and retested above the Daily H&S Neckline and 8 MA. However, our signal can be rejected because the price previously bullish broke and didn't retest the 1st Monthly Key Lvl, Mini Weekly H&S Neckline together with the 50 and 21 MA's; which gives us a bearish target that the price might anticipate.
With that in mind, take the trades at your own risk. This is not financial advice; I'm just sharing my point of view. If you decide to take the trade and lose, do not blame me but yourself!
That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section below or in private, I'd love to know your thoughts and connect ;-)
Stay Blessed Baby,
Sphatrades.
Trading Signal For SHIBUSDT SHIBA INUTrading Setup:
A Trading Signal is seen in the SHIBUSDT SHIBA INU.
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.00001193
⭕️SL @ 0.00001113
🔵TP1 @ 0.00001481
🔵TP2 @ 0.00001675
🔵TP3 @ 0.00001946
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
If you liked our ideas, please support us with your likes 👍 and comments .
DXY- Beariish Movement - BARR TOP chart patternGood example of a bump-and-run reversal. Prices move up along the
trend line in the lead-in phase, jump up during the bump phase,in this example with a second bump maybe, then crash down
through the trend line during the downhill run. could be new rallye starting for crypto
ETH : Another Buy Opportunity😁ETH: Another Buy Opportunity😁
Today the DXY looks very strong this strength is favoring the USD dollar against
all the other currencies and cryptocurrencies as well.
We could see any price correction during the weekend by offering us another
buying opportunity:)
Considering that the actual situation on the Crypto market is calm and
it is developing in normal conditions all this bearish move should be a normal
corrective process.
Thank you and Good Luck!