Get started

FTX

FTT - FUD ON THE ABYSSThe "FTT token" is the native cryptocurrency token of the trading platform FTX. > Sam Bankman-Fried is one of the founders of the platform and is considered the "young Elon Musk" in community circles. > For some time, "rumors / speculations" started that the separate company behind FTX = ALAMEDA (investment fund) might be insolvent. (both companies are owned by Sam Bankman-Fried). > The reason is lack of liquidity of ALAMEDA balance sheet, which consists of Illiquid crypto collateral, + lack of cash reserves. > After asking for evidence, the answer was indirectly dodged. Yesterday, the founder of BINANCE had announced on Twitter that he will liquidate his existing FTT tokens. As a reason for his decision, he cited a lack of trust and looking back at the last "disasters" with "Celsius", "LUNA" + "3Arrow", he does not want to expose himself to any additional risk. It should be noted that the announcement of the Binance founder from the timing, a supposed death blow - Spartan scale resembles. > With this he poured oil on the existing fire and the situation could escalate at any time. > Should there be a "bank run" on the company + the token here if necessary, you can in the following analysis, get a picture of the possible crash. The probability that this problem will be solved is of course in the room, a possible "loss of face" Sam / FTX / ALAMEDA - can no longer afford. > Result = wait and see and rather stay out of trading - that will end in liquidation, both directions. . We are, with the course, at several last SUPPORT levels. > Should these be significantly broken, it will be a fast descent! > If the rumors are true, this will additionally mean another sell-off for the crypto markets. RELEVANT LEVEL - 22.00 USD - 20.00 USD - 19.82 USD (SIGNIFICANT BREAK = crash) WEEKLY VIEW 3 DAY VIEW DAY VIEW > Feel free to discuss it in the comments and share our perspectives, I'd be "burning" to hear your take on the whole thing. If this idea and explanation has added value to you, I would be very happy to receive a review of it. Thank you and happy trading!
FTX:FTTUSD
by ZielIstDieAutarkie
DXY to 88 ushers in the next Crypto bull runDXY has been experiencing a downtrend since October 2022. Usually, crypto is negative correlated to DXY. A bull run should have been initiated in November 2022 but the FTX Ponzi collapse artificially brought crypto down. Sam Banksman Fried aggravated the crypto dump by shorting first USTD and then ETH with customer deposits in order to salvage his Ponzi. Sam claimed that the remaining customers deposit that were not fraudulently transferred to Alameda and lost, were stolen by hackers after he declared bankruptcy. All these events have been verified by blockchain activity to whish the authorities in the USA are turning a blind eye. Currently, Sam is out of jail on 250 million dollar bond. It is a mystery how Sam came up with the 250 million dollars when he claimed in an interview that he had only 100,000 dollars left to his name post the bankruptcy. Sam now lives at his mother’s home in California with police protection. Sam faces 150 years in jail but Sam's next court appearance will be at the end in October 2023 and apparently the case will drag to 150 years as well. FTX manipulation of the market is clearly seen as the decorrelation of crypto from DXY in November 2022. In November, crypto should have started its bull run as I described in one of my ideas below. Since January 2023, Crypto has recovered from the FTX manipulation and is following the intended route that was lost in November 2022. For the last week the crypto bull run has paused because DXY bounced of support. However, there are many Alts that have done spectacularly in that last week. DXY has formed a rising wedge on the lower time frames, and this is likely to break down back to support. On the higher time frames DXY has formed a head and shoulders pattern, that if it is to breakdown will send DXY to 88. 88 is the measured move of the Head and Shoulders. If DXY falls to 88 it means that the crypto market will experience a decent bull run. In case of a breakdown of the head and shoulders, DX will most likely follow the fractal of its 2002 to 2004 dump. I have included the hypothesis that DXY bounces of the heads and shoulders support. In this case it will form a descending channel since DXY will remain bearish due various factors that I will explain later. This idea estimates in all cases a peak for the crypto market around April 2024 which bodes well with the crypto lengthening cycles theory.
TVC:DXYShort
by nagihatoum
12
BTC GROWTH, INFLATION and INTEREST RATEFundamentals and a bit of history Let's first deal with the fundamentals, what are inflation and quantitative easing? Inflation is the rise in the overall price level of goods and services in an economy over a period of time. With inflation, money loses its purchasing power, which means that you can buy fewer goods and services with the same money than before. Inflation can occur for a variety of reasons, including increased demand for goods and services, supply constraints, increased costs of production, reduced production, changes in exchange rates, and many other factors. Inflation can have a profound effect on the economy and people's lives, for example, it can lead to higher interest rates on loans, lower purchasing power, lower economic growth, and other negative consequences. Quantitative easing (QE) by the U.S. Federal Reserve (Fed) is a monetary policy that consists of buying government bonds and other assets in the market in order to increase the money supply in the economy and reduce interest rates. This program was introduced by the Fed in response to the financial crisis of 2008. Since interest rates were already at historic lows, the Fed began buying bonds on the open market to increase the money supply and lower long-term interest rates. This lowered borrowing costs and boosted economic growth. Since then, the Fed has repeatedly used quantitative easing in times of economic crises and lower inflationary expectations. However, while quantitative easing can help stabilize the economy, it can also have negative consequences, such as causing inflation and rising asset prices. Today's inflation cycle is directly related to the 2020-2021 quantitative easing program. In 2020-2021, the U.S. Federal Reserve again applied quantitative easing in response to the economic consequences of the COVID-19 pandemic. In March 2020, the Fed announced a new $700 billion QE program, which included purchases of government and corporate bonds and mortgage-backed securities. In November 2020, the Fed expanded the QE program by adding another $700 billion to buy government bonds. The goal of the QE program was to lower interest rates to support economic growth and stabilize financial markets during a pandemic. In addition, the Fed cut interest rates to near-zero levels and provided banks with concessional loans. The 2020-2021 QE program helped lower borrowing costs for companies and consumers, increased liquidity levels in the markets, supported economic growth, and of course caused prices to rise and money to decrease purchasing power, in other words, inflation. In the first half of 2022, the Fed could not turn a blind eye to rising inflation and resorted to the most famous instrument of monetary policy - raising interest rates. Raising interest rates in and of themselves is designed to reduce credit and consumer spending on goods and services, which in turn should lead to lower demand and then lower prices on the supply side. In the supply-side price reduction phase, technology companies and companies whose business model was designed for a low-interest growth market suffer the most. Let us remember Terra/Luna, Celsius, 3AC, FTX, and Voyager. These companies went bankrupt precisely because of the factors of reduced demand for the crypto asset market in general and flaws in product and business models, all of these companies in 2021 and in 2022 were the same, but it is the reduced demand that is destroying them. Current status So, back to macroeconomics, up until today all markets existed in the rhetoric that prices were rising, key data to calculate inflation was staying strong and we were a long way from a pause or interest rate cut. Today's data provided the foundation for a growing narrative of a pause in the Fed's meetings and a gradual interest rate cut. Also with that, we should remember that the inflation and target rate data is a lagging indicator and we should not expect sharp changes in monetary policy, just today we got the foundation for the opposite rhetoric and further macroeconomic changes. What's in store for BTC, medium-term forecast for 3-6 months: Moderate rhetoric and positive data on slowing growth in goods and services will push BTC up. The end of the rise in inflation brings a cut in the target rate and new liquidity closer The longer the U.S. government negotiates a new budget ceiling, the weaker the dollar will be. A weak dollar is a great time for BTC as an instrument outside the financial system, operating according to its own laws and principles. Falling banks and the weakness of the banking system will play to BTC's advantage, BTC in the eyes of the public is a counterweight to the entire banking system.
BITSTAMP:BTCUSD
by Samura0x
8
FTX Post Mortem - Observational HindsightWell well, what a crazy ~10 days it has been. There were many many warnings before the rug pull that FTX ended up being (Marc Cohodes, was ringing the alarm bells for months on end and I was naïve enough to think he may have been wrong). Anyway, my previous assumptions of the bottom being in were invalidated. In hindsight, this outcome, which I had considered in the past, eventuated. I did mention in one of my analysis's that a wick down to ~14k region was possible. We didn't quite get that low, but we did wick down on the weekly to close to 15k flat. What interesting to know is the level of confluences here. Firstly, we had a massive head and shoulder topping pattern. There's a measured move, as you can see, of 50% .. we just dropped 50% from the neckline in totality. Then you have the 50% fib retracement, and a multi-year trend line, all coinciding in the one area. I do firmly believe that had the FTX debacle not eventuated, we would've seen a nice rally along with stocks this week. It almost seems like one major PsyOp that FTX came crashing down this week, to give the market one final push down, after a lot of alt coins were breaking out of their downtrends and the DXY / US Dollar breaking down from it's up-trend, signaling that the market was about to turn bullish for risk-on assets. CPI came in lower than expected, and the broader stock market rallied. Perhaps this is the 'decoupling' we wished for. Just in the wrong direction. BTC is still vulnerable to overall macro-economic headwinds and tailwinds, and if this area doesn't hold due to an exogenous event such as another major failure (USDT / USDC implosion, contagion, etc) then all bets are off and we could drop to the next support around 14k. Otherwise, if none of those eventuate, then from here, I would assume, slow upwards movement, or choppy movement, until around April 2023. Other interesting observations here.. It's been exactly 1 year since the ATH was formed. Exactly 2 years since BTC traded out the price level that it corrected to when all of this unfolded. From here, I would hope we reclaim above 18.5k region soon. For those who lost significant amounts of money on FTX, I sympathize with you, I too lost quite a bit on there, but was luckily spooked months ago and moved the majority of my funds off. One concern I have, is that the 50 and 200 Weekly SMA looks like it could cross early in 2023. This would be the first time in Bitcoins history. A reversal in momentum would perhaps prevent this from happening.
INDEX:BTCUSD
by TheTraderAndy
Bitcoin - Can You Fade the Bear Trap for $34,000?It's very dangerous to be bullish on digital currencies. Although the idea that there's some kind of "decentralized" alternative to the central bank fiat and credit card system of monetary control is very romantic, the reality is that mining cartels, which are heavily concentrated in the hands of entities associated with the Chinese Communist Party, run the game. BTC's development is also centralized in the hands of a corporation. Sure, you can fork, but only the main branch is ever going to be recognized by all the miners, exchanges, developers, and the media. Nobody is going to list your forkcoin, and no one on Wall Street is going to set up a futures market or an ETF around your forkcoin. This is how it is. In reality, Bitcoin has, since before it was worth much, been in the grasps of a multi-year co-opt, control, and demolish program that is about to come to the final moment of its demolish phase. The idea is to replace your "legacy" crypto with the much more widely adopted and chic U.S.-backed Central Bank Digital Currency that will underpin the future CCP-emulating social credit system that revolves around rationing and lockdowns "because saving the world from climate change." For humanity, this is a kind of "reaping what you sow" retribution for decades of failing to reject and eliminate the CCP's Marxist-Leninism and the atheism and degeneracy that come with making yourself a slave to the red regime and failing to tell good from bad and right from wrong. Bitcoin and Ethereum will exist for a long time after this happens, but you're going to see prices like $90 ETH and $750 BTC again, and they won't be buys for the next moon mission. There isn't going to be another moon mission. The top is already in. All you have left are bear market rallies. Even the Universe you're living in one day comes to an end, let alone the first generation of digital currencies that only exist on the computer and were a false prophet that never, at all, intended to "save you" from anything. Monthly bars show that Bitcoin's second run to $65k and its following behaviour is indicative that we are far, far into a Bump and Run Reversal pattern. This means that $65,000 was the all time high, and is never coming back. You might not like to hear that. But what a person doesn't like to hear is usually exactly what they need to hear. The October-November-December dumping-consolidation around $17,000 was also telling. Bitcoin had significant price levels it should have cleared out at $15,000 and(or) $12,000 if a bullish accumulation was to be identified. The fact that the market makers left this range of a gap and then bounced it back to sweep the August '22 highs tells me that we're going up, for the ultimate purpose of going down, forever. Weekly bars show us this $25,250 sweep of the August highs and scissor bar pivot is now concrete. The top of the bullish order block, which is composed from monthly bars, also happens to be right where the daily pivots where sell stops sit under resides. A clever arrangement by the MMs, indeed. This is a really noticeable area, and gives you a nice short from $23,000 if you can keep the leverage low and fade the weekend chaos, and an even better place to go for a long. Think about it, when the market sees prices that are $19xxx again, everyone is going to "have confirmation" that "we're going down" because Tether, because Binance, because Nexo, Because Silvergate Bank, because Signature Bank New York, because Circle, because Elvis. You know, all the things you hear from the effete leftists on Twitter and Reddit will appear to be finally coming true. But they aren't. It's too early for that. Really, just because the overarching narrative is highly bearish. In equities everyone is expecting a 3,300 point SPX this early in the year, more or less just because the Federal Reserve is going to hike interest rates for a few more months. Also "because channel." This so-called "technical analysis" stuff gives a lot of convincing ways to lose money. You're dealing with a psychological "story" on the markets at large, both bearish and bullish, that doesn't make a lot of sense. So what I propose is about to happen is that the MMs will sweep the $20,000 level and you might see a number as good as $18xxx. This will get longs to capitulate and trap a lot of bears who go hard leveraged short. I expect the bounce to unfold around the second half of March. After that, the target is $34,000, which is a healthy sweep of the $32,000 level, determined by monthly bars. I expect this to manifest around June or July. This gives you an 83% trade long with a time horizon to manifest of only a few months. The key thing is, you need to sell, and never go long on Bitcoin or digital currencies again, if you see this unfold. What comes next are widespread market crashes that come from the Fed cutting off fiat banks from crypto transactions and the U.S. Treasury putting the boots to every single stablecoin, which also means that Tether will finally be taken down by the DOJ. First comes $15,000, then $12,000, then $9,000. This time, you might not see a bounce from $9,000 for a few months, and when you get one, you'll only get fleeting sweeps over $10,000. This is the situation. Everything comes to its fated end, including the Universe whose air you're relying on to breathe right now, so it's foolish to think that Bitcoin is any different, and it's foolish to think that the "new paradigm" of $25,000+ BTC was going to last. Seriously, you can buy a pretty nice car for $25,000 USD. Why would anyone who lives in the real world trade that much money for "1 BTC" that only exists as a digit on a wallet app? This is only what the people who are trapped on Reddit and Discord and aren't working real jobs in the real world with healthy mainstream people believe to be true. Everyone who lives in reality thinks digital currency is total vaporware. If the public is going to be interested in digital currency, it's going to be because it has the backing of the Fed, the Treasury, and all the corporations that Blackrock, Vanguard, JP Morgan, Citibank, Bank of America, Wells Fargo, etc, happen to have significant ownership of. So, you get a trade. Very short term, the target is bulls. Short term, the target is bears. Medium term, bears are going to get liquidated, and hard. Once everyone is bullish again, that's when the guillotine drops.
by LordWrymouth
6
Alt Market on the VergeThe alt coin market is on the verge of a potentially volatile move, with several interesting factors at play. The recent candle close above the 0.5 Fib fan, which has acted as resistance, now appears to be holding as support, signaling that something significant may be stirring However, the most critical chart to watch right now is the Bitcoin market cap dominance. In the past, whenever the RSI poked outside the 70 zone, it signaled a bottom for the alt coin market. Last week's close put us just past that 70 zone, and it took 91 days for the dominance to come back down to the range. During that time, the alt coin market moved $285 billion and $255 billion dollars. Therefore, a move of $250-300 billion from where we are now could put the market cap at around the 0.382 Fib and under the 0.75 Fib fan. This is one of many reasons why I believe the top for the market will be in late June 2023. I use Fib time sequences frequently with great success, as we caught the big move down in the market months before it happened last year. We plan to do the same this year. So, when will this move happen? For me, it's straightforward. Once we break the support on the USDT dominance, we will see the next and possibly final leg of this relief rally. The entire year, we have failed to break this level, which shows very strong support. However, I am confident that a break of this level will signal the start of the next significant wave up for the market. There is alot of money to be made in the next 90days its going to be a easy x2-5 on most alt coins the move is going to be volatile , greed will come into the market heavily but come late June 2023 it will be over so there is very limited time to take advantage before the next big crash.
CRYPTOCAP:TOTAL2Long
by Sporia
2
SBNY Signature Bank exposure to FTXOn December 21 Fitch Ratings revised Signature Bank's (SBNY) 'BBB+' Long-Term Issuer Default Rating (IDR) Rating Outlook to Negative from Stable. On Jan 10, a team of analysts led by Ken Usdin downgraded SBNY Signature Bank to Hold from Buy, and slashed their target price to $124 from $185. SBNY Signature Bank said that it had an exposure to FTX of less than 0.1%. They also announced a reduction is crypto exposure, of which Jefferies analysts said: “Signature Bank’s decision to shrink its crypto deposits by $8 billion to $10 billion and replacing with wholesale borrowings at 4.25% will drive a significant net interest margin reset in the coming quarters,”, which is a key profitability metric for banks. Looking at the SBNY Signature Bank options chain ahead of earnings , I would buy the $75 strike price Puts with 2023-6-16 expiration date for about $4.45 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your opinion about it.
SShort
by TopgOptions
BNB Binance the next FTX and the Crypto Collapse I don`t think the bear market is over because of BUSD issues. The Securities and Exchange Commission has told crypto firm Paxos who issued BUSD, that it plans to sue the company for violating investor protection laws. Binance was the biggest holder of BUSD, with holdings worth $12.3bn, equal to 58% of the stable coin’s circulating supply on Ethereum, as of 1 October 2022. On Sept 29 2022: "Existing USDC, USDP and TUSD balances in user accounts will be automatically converted to BUSD at 2022-09-29 03:00 (UTC) (“Auto-Conversion”)" So after the SEC lawsuit i assume people will move from BUSD to USDT, which needs to print new coins and make bigger reserves. But they already have problems with liquidity, not all the market cap being assured by dollars. USDC is issued by Circle, in which Goldman Sachs and other US entities invested. In conclusion, i believe that after Binance delisted USDC, we are witnessing a war between the establishment represented by Circle and Binance, which could prove insolvent is people will fully exit BUSD and BNB. Paxos already announced that it won`t issue more BUSD after the SEC warning. Binance also shuffled +$1 Billion in customer assets without customer permission, just like FTX - Forbes wrote in an article. I think the SEC is after Binance. In just 4 years, BNB, Binance Coin, made an impressive 7197X gain. Considering it overvalued, i have used the Fibonacci retracement tool to determine the next support level. My price target is the 0.786 level, respectively $160. Looking forward to read your opinion about it.
Short
by TopgOptions
2
BTC/USDT Update Analysis in 4H 🏹HI 🙂 The reason for Bitcoin's fall to $22,000 and its technical analysis Almost a few months have passed since the bankruptcy and fall of the FTX exchange; However, developments related to this exchange, managers and users are still ongoing. Recently, a very important news was published from the Wall Street Journal that "8.9 billion dollars of FTX exchange customer funds have disappeared and disappeared." This is the first time that the exchange has disclosed a figure related to the liquidity fund shortage. In a court filing released on Thursday (March 2), FTX said it had identified about $2.7 billion in customer assets, compared to $11.6 billion in customer account balances. The estimated value of FTX's assets and liabilities will be calculated based on asset prices on the day the company filed for bankruptcy in early November 2022. Alameda Research, an investment and cryptocurrency trading firm, had borrowed about $9.3 billion from customer accounts before FTX went bankrupt. Therefore, the current $8.9 billion hole can be attributed to Alameda Research. But FTX did not clarify whether the funds were borrowed with or without the customer's consent. "Two hours after Watcher.Guru tweet was published, Bitcoin fell to $22,000 at 3:30 AM Tehran time." Bitcoin technical analysis in 4 hours time frame As we mentioned in the previous Bitcoin analysis on March 6; The first target of Bitcoin's fall ($22313) was the bottom of the FVG Daily area. When the price reaches this support area (22,300-22,000 dollars), we see doji candles in the blue circle; These doji candles represent the war between buyers and sellers. Considering the strong downward momentum that happened under the influence of the news two days ago, with the closing of the candle above the $23,566 level in the 4-hour time frame, we can expect higher prices for Bitcoin; But if this does not happen, this powerful support zone will also fail, and the next zone is in the support range of $21,512 to $20,400. Note: the RSI indicator shows the number 31.25; So it has not yet entered the oversold zone.
by arztoday
FTX Discloses Significant Asset Shortfall in Company's PresentatAfter extensive efforts, the leader of FTX and FTX US has reported the discovery of billions of dollars in debt on both exchanges. FTX US, a leading digital asset platform, has announced a total of $374 million in assets, with the majority of the sum held in associated accounts. This marks a significant increase in the platform's financial stability since its establishment. Additionally, FTX has reported positive results for its less liquid "Category B Assets", including its own FTX Token (FTT). However, FTX wallets have a net borrowing of $9.3 billion from its sister trading firm, Alameda Research, with FTX US owing Alameda $107 million. This suggests an increasing financial connection between the two firms and may have important implications for the cryptocurrency industry. Meanwhile, FTX Japan users have welcomed the news of the platform's ability to withdraw funds as an "escape" from the platform. In terms of corporate leadership, John J. Ray III, the chief restructuring officer and CEO of FTX, has emphasized the company's commitment to transparency and public disclosure. It has taken a huge effort to get this far. The exchanges' assets were highly commingled, and their books and records are incomplete and , in many Cases, totally absent. In contrast, Nishad Singh, a former engineering director at FTX, has pleaded guilty to multiple counts of fraud in a US district court and now faces potential prison time and fines. Finally, the US Justice Department is facing increased pressure as billionaire trader Sam Singh has filed a plea to halt the investigation into the cryptocurrency industry led by rival billionaire Mike Bankman-Fried, following news of several close associates agreeing to cooperate with prosecutors. Note: This article was written by an independent author and does not represent the publisher's views. If you find my content useful, please consider liking and sharing it. Additionally, I encourage you to follow me for future real-time updates on the cryptocurrency market. Thank you for your support.
Education
by CryptoPatel
1
BTC and the key level of 25,200. How to make money?Hello, everyone! Today we’re going to break down two things: the probable key level for BTC this year, 25,200, and what you can expect from the market in general if you have a medium or long term strategy. A short story to begin The 25,200 level was formed in early August 2022, when everyone stopped talking about the bankruptcies of 3AC, Celsius and several other companies. You could consider the 25,200 level a fair price for a neutral market in the current world economic realities. Then we had a fall due to the aggravation of relations between China and Taiwan, a small increase due to the Ethereum Merge in September and the FTX/Alameda crisis, panic sellings and general apathy. From this moment the set of positions began. It lasted almost 2 months until January 9, 2023. Then a local bullish run to 25,200 began, with one stop at 20,000-21,000. And now we hit the 25,200 level again and no one knows what will happen next THE MAIN PART 1. All of the collapses and bankruptcies of 2022 were a surprise to all players. Each new crash was a great surprise and forced all participants to actively rebalance their positions. The example is Jump Trading and its fiat balance that was ~50% at the time of the FTX crash, even though the normal fiat rate since the Terra/Luna crash was ~30%. In other words, even the biggest players were influenced by the market and depended on the situation. 2. There is every reason to believe that it was the big players who were the main contributors to the November-January position set. After the FTX collapse, the market reached the peak of fear, the only thing that could push the market down even more at that moment was Binance/Coinbase fall, or crypto ban in the USA. Considering how quickly Binance worked and how actively Coinbase was in the process of personnel reorganization, the probability of their fall was extremely low. Also, all regulators mostly blamed SBF and executive team FTX/Alameda; there were no ideas to ban crypto in the rhetoric of regulators. Spoiler: it was introduced later and partially in the form of a stacking ban for US users so the companies would not be cheeky and would think about what they were doing. In general, the risks and probability of a bigger crisis were very low and the big teams understood it very well, that is why they started to set positions. 3. Logically, it will be clear that the level of 25,200 is most likely the most favorable level for the large participants – the beneficiaries of the fall. The price near the level of 25,200 allows you to easily sell those positions that were not sold after the collapse of 3AC/Celsius and the fall of FTX. Which in turn will take some time. After that it is only left to figure out what to do with the bad positions from the time of the Terra/Luna fall, to correct the balance of assets and build a smooth strategy for the future. OUR BETS The 25,200 level is completely artificial and created to sell over margin longs from 16,000 - 17,000 and sell problematic positions from the 3AC/FTX times. After selling positions at the current level, the market will go down to 20,000 - 21,700. After that, within 3-4 months, we will get to 30,000 - 32,000. We should expect some interesting price movements, namely long/short squeezes. The big players have learned to work with the risk of bankruptcy and the risk of regulators' influence: Genesis and the SEC bans are the best examples of that. Besides, there are very few of these risks left and a skilled team of analysts will be able to keep track of them and come up with strategies to work on them. Asian liquidity will be a growth driver. Share with us your forecasts on BTC and tell us what topics you want to be analyzed by our team , and we will write about it. Don't forget to check our links below and check our trading pairs. Thanks for reading!
by Samura0x
41
SBF hit with 4 new criminal charges, downwards breakoutNews has just come out over the past 2 days that SBF has been hit with 4 new criminal charges. On top of that, the chart screams dump on its own too. We just broke down after a fake exit pump to $2 a couple of days ago. This coin is a bottomless pit, similar to LUNA. Basically short it to 0. Aim for a new low for sure, but at the very least aim for $1. Be wary of fake exit pumps. It wil dump for sure, but you might get liquidated if you're overleveraged and the price get manipulated up by whales in order to dump.
Short
by jariii
BIG RED FLAG -WARNING TO ALLWarning to all and prepare for impact because my alert has just been triggered and its not a good thing. There is one indicator that hasn't failed me yet its this on-metric on glassnode. BTCBitcoin: Spent Volume Lifespan 7y-10y This shows me when massive volume of the genesis wallets when there moving about and as you can see in the chart it pin points tops pretty dam well. In April I posted this TA : In the comments section you can see me updating the TA with warnings and talking about this alert. I tried to warn traders back then and it ended up being the top this year April 2022 , best short of my career based on this alert and some other things. So now my alerts are going off once again last time it went off with such high volume was April 2022 the pico top of this year at 48k. The output volume that's happening now is as high as 2017 top which is insane , I have closed all my positions since I do not dare have a long opened when this alert flashes. Better image if you want to take a look . ibb.co Stay safe people .
INDEX:BTCUSD
by Sporia
27
The cyclical cycle continuesSo far it is undeniable by looking at the chart in front of you that things are playing out like last cycle not just in patterns but in time. 364days it took from last cycle top to bottom landing in the green zone in this Bitcoin model. Its taken 364days so far from Nov 2021 cycle top to the new lows of 15k and again landing in exact same green zone as previous cycle. If the pattern continues sometime end of February 2023 we could see Bitcoin pass over into the blue zone and going above 20k. The USDT dominance chart is not reaching the end of its rising wedge. I have been saying pretty all year that when this white support breaks we will get some sort of rally , was watching it closely even in my last trade /TA and once again it bounced off . Time overlap of the last two cycles . Like clockwork After all the black swans , all the bad news , all the traders ,content creators , mainstream media outlets calling recession , calling 2008 crashes , Bitcoin is still doing nothing different than the last cycle so far. I think its done pretty dam well considering the massive deleveraging in the market and the propaganda machine on full blast trying to get you to sell your Bitcoin or even worse to collateralize your Bitcoin on centralized exchanges.
INDEX:BTCUSDLong
by Sporia
13