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DEFI

Bitcoin Crash and Correction NOWBitcoin hits the Trendchannel exactly again like 2 Times ago in this Bearmarket. There was after every test a -23% correction. It´s really possible because of the Fed´s Money policy (Tapering and a higher main interest) that there´s comming until march another correction. The patterns which are Rising Wedges are also exactly the same like the two times ago. Another indicator is the Volume . If you look at the volume from the two corrections before, you can see that its the same like today. If Bitcoin crashes -23% again it tests perfectly the red marked BIG and Strong Support zone which is 29.000. Bitcoin Its nice that all these bad things are happening in the beginning of 2022 because then there are nearly no bad news at the next Bullrun which is gonna be insane. Illiquid Shock Ratio: Rising Open Interest: Rising Support Level: 28.800 USD Absolute Support Level: 20000 USD (200 Daily MA) Short until 29.000 USD Long Term: REALLY Bullish and accummulating Short Term: Bearish THE FUTURE IS GOING TO BE INSANE!
FTX:BTCUSDLong
by TradingHeroBoss
Why you should have this cryptocurrency todayThe current market cycle is focused only focused in one thing and that is: who will be the better Ethereum? This has sprung dozens of worthy contestants each with their own rightly claim to the throne. Sell pickaxes to miners instead of trying to find gold yourself. Between all these different chains there is one occurring problem that all of them face: inoperability. Every single of these blockchains is its little own isolated planet with no way of reaching more resources. If you want to move to one of these blockchains you will need a bridge. This is where Multichain (previously Anyswap) comes in. This concept isn't new or even original. Even caveman could make simple stick bridges but that doesn't mean they were going to last years on end. Multichain currently offers the biggest blockchain catalog, liquidity and even backing by Binance and other venture capital firms, and when push comes to shove this should reassure you at least a bit that everything will be make in order to assure safety to the costumer since they will charge a fee instead of you being a guinea pig for someone's failed decentralization scam.  These projects are designed to be profitable to the investors while solving a critical piece of annoyance to users and they are willing to pay for that. In Multichain's case anyone can own a piece of governance of the protocol and that exposes the ones that buy the token to benefit from the ever increased usecase while riding this crypto Game of Thrones over what blockchain will be the next crypto goliath. What if I told you I already know who wins?
ALong
by doomsignal
$looksrare not just a flash in the pan #opensea competitor #NFTFor much of 2021 OpenSea was the market leader in the nascent NFT space…trading volume in several sought after projects serve to ensure that the revenue generated as well as venture capital interest increase. Most recent reports points to a 300.0M raise pushing value to $13.0B +/- one wonders why the need to raise cash if you are sitting on a cash machine. But that is the story for another time. Yet while the good times roll…OpenSea committed the #1 faux pas…failing to provide a support base for its stake holders. see review on substack
FTX:LOOKSUSDLong
by TwoBULLISH
SUSHIUSD at $5-7 and $65-120 Myth or Reality ?Today, a review on the trading pair SUSHIUSDT It's been a long time since we looked and analyzed the possible scenarios of the SUSHI price movement. We don't know about you, but we think that the chart shows that another correction impulse down is about to happen. The best-case scenario is that the buyers will stop the fall of the SUSHIUSD at $7.30-$7.5 0 and a possible global rally to $65-67 from there. In the worst case , the fall will be with a renewal of the minimum in the area of $5. Of course, in that case consolidation on bottom will be delayed for a longer period of time, but the global target will grow to the area of $100-120. Or maybe we don't know something about Sushiswap project and its token SUSHI will have phenomenal growth from the current prices? Let's share our opinions in comments _____________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
73
Are the stable coins paving the way to the moon for BTC?Previously I made an observation that the #BTC price has been trading around the same levels since early 2021, while the stablecoins market cap has seen an increase from 50 to around 170 billion. This is money already in the space that's ready to engage. If you study the BTC to USDT correlation, you will find that when new USDT is minted, Bitcoin price moves to the upside. We also had a single event of 2018 when a big portion of the USDT supply was burned that was literally days before the final capitulation to 3,200$. A clever observation was done while discussing the topic that a big portion of the newly minted stable coins are actually locked in DeFi and not necessarily waiting to stack sats. So I decided to check what the data. Due to limitations, I will just post the raw data: Market Cap: USDT:78.66 billion Locked:18.9 billion, 23% USDC:48.23 billion Locked: 9.7 billion, 41% BUSD:14.16 billion Locked: 0.2 billion, 1.4% DAI:9.3 billion Locked: 4.9 billion, 52.6% UST:11.2 billion Locked: 5.6 billion, ~50% StableCoins count locked in smart contracts is 39.3/160-170 billion or ~ 23.8 %. Meaning, we still have around 125 billion of #stablecoins, which by itself is way more than the 50 billion in Jan 2021, while price remained the same. That's a divergence I find this to be incredibly bullish because of the tight correlation of Bitcoin price and stable coins. Of, course, confluence with other data is always a plus. Don't trust me blindly. Follow me on twitter for more frequent updates.
BITSTAMP:BTCUSDLong
by FiveMillionMax
6
BNB Binance Coin to Lose its 3X Hype Gains. 58% Drop Expected.BINANCE:BNBBTC has gained a lot of attention and hype in March 2021 that contributed to its 3x rise in two months from 4k Satoshi in March to 12k Satoshi in May. The hype was based on Binance entering the DeFi space and announcing its staking returns. At the time, The Binance exchange announced up to 27.49% APY return for staking the BNB token. Currently, the highest APY for BNB according to Binance is 8.69%. Users' interest in gaining annual yield reveals itself to be a delusion to many when they see the gain on capital in the negative 30% territory. Less and less BNB coins are being staked ever the initial announcement in March 2021. There is no more reason to hold BNB. On the other hand, DeFi has also been losing traction as indicated by the price of many DeFi tokens such as AAVE losing 74% of its value vs BTC (even more vs USD). Therefore, it is time for BNB to give back those hype-propelled gains and go back to 4k Satoshi. The first step is breaking the 10k Satoshi support. We are currently sitting at that line. I have drawn a descending triangle there, but it is not confirmed because it needs a third touch on its upper side. My conservative scenario is that we remain within the triangle for 6 more weeks. My bearish scenario is that, if we don't break the 10k Satoshi support right now, we see a weak bounce up to 10.5k Satoshi before dropping to break 10k Satoshi. The first target is 7.7k Satoshi. Follow me to get updates on this trade as it unfolds. I am making this bearish prediction on BNB even though I am biased towards BNB because of its impressive performance in the previous Bitcoin bear market in 2018 to 2020. But I would be happy to get a buying opportunity at 4k Satoshi, and I believe we will reach there.
Short
by TechNerdOmar
$LINK/BTC 3D (#BinanceSpot) Falling wedge breakout and retestChainLink has pulled back to 50MA support where we expect it to bounce and resume bullish mid/long-term. chain.link smartcontract.com Current Price= 0.0005195 Buy Entry = 0.0005207 - 0.0004873 Take Profit= 0.0006337 | 0.0007641 | 0.0009214 Stop Loss= 0.0004173 Risk/Reward= 1:1.5 | 1:3 | 1:4.81 Expected Profit= +25.73% | +51.61% | +82.82% Possible Loss= -17.20% Fib. Retracement= 0.382 | 0.5 | 0.618 Margin Leverage= 1x Estimated Gain-time= 7.5 months
Long
by TradingOn
1
DYDXUSDT, We impact to the resistance and ...Good Night everyone DYDX is one the most powerful project that is amazing for futures and use Zk-Rollups and ... If you want to learn Fundamental & Technical analysis send us messages in private ---> Our id is in profile According to the chart and previous analysis, we expect in days ago that the price ready to drop and ... but its not happend and one time our SL was activated and now we expect the price should drop another time because of the condition of market because of the drop of BITCOIN because of the reach to the trendline heavy resistance zone because of ... All of the reason show us that the chance of the drop is more than other scenario. If you have any question send us meesages Good Luck Abtin Previous analysis :
Short
by Abtin00
4