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WTI - GAP CORRECTIONThe Biden administration said the surprise oil output cuts announced on Sunday by Saudi Arabia and other OPEC+ countries were not advisable. The west is not excited by the price development and we can expect an answer to keep the black gold in a reasonable range. Mid-70s is working well to reduce inflation and keep the economy running, that's why a logical move is to boost production supply as a corrective measure. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYMEX:CL1!Short
by legacyFXofficial
1
🔥 Bitcoin Dumping On Silvergate Contagion FearsYesterday, the share price of Silvergate, a cryptocurrency-focused US bank, dropped by nearly 50% in early trading after it delayed publication of its annual report and announced a fresh sale of assets to repay debts, while warning that it was assessing its ability to continue as a going concern. The delay and warning were prompted by its exposure to the collapse of crypto exchange FTX, which it said could hit its profitability, and the possibility of further regulatory scrutiny and legal action. Major partners, including crypto exchange Coinbase, have dropped Silvergate in response. Source: www.theguardian.com Naturally, this is bad news for crypto. A lot of fears about FTX and contagion have been re-awoken and investors decided to dump their tokens. In my view, Bitcoin looks bearish in the short- to medium-term. In my previous rising wedge analysis I mentioned that a bearish break out could lead us to $21,500, but now I think we can even go lower because this is not a "technical" dump, but a news-related one. Once word gets out that big crypto players got hurt by Silvergate, we might see more (forced) selling ahead.
Short
by FieryTrading
11
Collapse of ethereum starting 17-24 February 2023SPY and DXY indicate crypto is probably topped. If eth doesn't hold 1650, I reckon this will be the start of the leg down to sub 1k. Next target is 1420 and I think 1420 will be violently sold into. There's very little chance 1100 will hold again. next supports at 980 potential support at 875 Strong potential support at 620 All in all I think on the balance of probabilities we will see 470 and maybe a short trip to 250-300 on a wick basis.
COINBASE:ETHUSDShort
by konosmgr
2
BTC: $25K BEFORE FOMC AND THEN NUKE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. BTC is going well and is currently trading above the $23.5k level. Let's discuss the next possible scenario from here. BTC breaks above the crucial resistance of $23.3k after two days and as of now holds above it very well. As long as BTC holds above this $23k-$23.3k level we have a high chance that we see another leg up. We have another important FED meeting (FOMC) on Wednesday so I'm expecting a last push up to the $25k level before FOMC and after that, we might see a huge correction. Overall this week will be very crucial for us so trade very carefully. Do not get REKT by doing Fomo or some silly mistakes. Remember market always gives opportunities no matter what. Invalidation of $25k is if we break below $22.5 What do you think about this? Share your thoughts in the comment section. If you like this idea then do support it with like and follow. Thank You!
Long
by CoreCrypto1
4