Luna wants to go higherLuna is very volatile since she's up and running again. Volatility is a big risk, you can earn or lose money very quickly. But if you can afford to gamble with a few 100 bucks, you may double that in less than a half-day, and if it goes down, just keep it and wait. The secret is to buy low and sell high. Luna is sitting on strong support at 0.0001440. It is also going its own way and against the bitcoin direction. Luna has already tested the new ATH since the rebirth, the 0.00045, and if she retests it (which is very likely) and goes through, she may go higher to a new ATH at 0.00078.
Remember: NO MARGIN, NO FUTURES JUST BUY LOW SELL HIGH.
The red lines on the right side give an idea of the next price direction.
This is not financial advice. Make your own research.
LUNA
LUNA/BUSD Daily TA Cautiously BearishLUNA/BUSD Daily cautiously bearish. *Do Kwon published Recovery Plan Part 2 today and if the proposal is passed on 05/18, a hard fork will commence on 05/27 and Luna as we know it will be forked into Luna Classic and Luna (similar to what happened in 2016 with the Ethereum DAO hack that led to the Ethereum Classic and Ethereum fork)*. Recommended ratio: 6% LUNA, 94% cash . Price is currently still experiencing extreme volatility at fractions of a cent and will likely continue to do so even with the news of the updated proposal because it is a highly divisive proposal in its current state which creates a lot of uncertainty still on whether or not the proposal will pass on 05/18. Volume continues to be very high and is on track to favor sellers for the second consecutive session if it closes today in the red (there was even a slight uptick of selling after the updated proposal was released). Parabolic SAR flips bullish at $30.38 minor resistance, this margin is bullish. RSI continues to trend sideways in a flatline at the ATL of 14.25 for what is now a six session streak. Stochastic is also on a six session streak of trending sideways in a flatline at max bottom. MACD remains bearish and continues to be forming a trough, it has maintained yesterday's new ATL at -24.65 and would need to reach -18.21 for a bullish crossover; this is bullish. ADX continues to trend up slightly at 45 as Price continues to trend close to 0; if it forms a Peak it would be mildly bullish and if it were to continue up it would remain bearish. Considering there is very little Price history as these levels, if Price is able to get above $0.01, the next likely target is a test of $0.027 resistance. The other scenario is that it remains bearish and trending close to 0 until an agreeable recovery plan is decided. Mental Stop Loss: (one close above) $0.01.
**The proposed hard fork is creating a lot of division within the community regarding the priority of who should be compensated for their losses in addition to whether or not a fork should happen at all... due to this, a lot of volatility is to be expected in the coming days as the picture becomes clearer as to the future of the Terra ecosystem**
TERRA LUNA - Update: 1000% Move In Progress, Triangle Broke UP!This is an update to my previous analysis, go check it out from yesterday. LUNA has broken to the upside of the symmetrical triangle, and is now testing the top trend line of the triangle after the break as support, like I predicted yesterday. Volatility is expanding and a big quick move is under way. A technical measured move is shown by measuring the top of the beginning of the triangle to the bottom of the beginning of the triangle with a close to 1000% gain, as I show in the chart. My target yesterday was about .003, which was a little bit of an overshoot possibly. I believe that at least .002 will be hit from here and perhaps a blowoff of .0025 to .003 is possible with all this volume. Many people are also buying LUNA now and holding in hopes of getting rich which will drive the price up more. We should see this move completed by tomorrow afternoon or evening before coming back down and testing around .00028ish at that point we will revisit and see what LUNA is up to.
Im selling at .002, .0025, .0027, .0028, .0029, .003, and I have one sell order in for .0035 for that potential blowoff.
Thank you for checking out my chart, please leave a comment below and let me know what you think. Follow me for more updates. This is not financial trading advice just my opinion. Good luck out there!
Luna to the Moon, then Moon to the Earth?luna fell from ~$100 usd and stablize around ~$0.0001, around 1/1,000,000th of the price. supply of token grew from ~1B -> ~10T. the inflation alone doesnt account for the drop. loss of trust in the community and diddy kong likely results in the delta. the token went even lower for a brief period before becoming quiescent.
dew pont has failed as a founder in many such cases, and this isnt his first rodeo. the ust derivative asset is backed by a principal asset guaranteed to shrink in market cap during a bear market, exactly when people want to move into stable coins. when the market cap of the derivative is higher than the principal that is similar to there being more usdt or usdc than us dollars in existence. this results in a positive feedback loop where a malicious actor can cause an imbalance extract the delicious equity from the principal asset through a reward mechanism or through shorting it.
the above is what dee dee was warned about on twittler, the soy social media application. he decide to ignore and mock the poster which probably seal his fate.
twitter.com
many peoples believe kong was in on this scam, but i dont think so. he is not smart enough to do this and his hubris would not allow him to do so. he even named his baby after this shitcoin.
twitter.com
--- current state of affairs ---
the block chang was stopped many times, now devs have patched it to remove the ability to mint and burn luna and ust
github.com
the future of luna rests in the hands of how the community handles recovery. there are 2 core choices.
1. the vitalik route: fork the blockchain and revert transactions, pathetically attempt to restore everyones money while double rewarding people who sold. unlike ethereum, lose the support of all holders and backers, including binance ceo. chain dies and project dies.
2. the buyback and burn route, explained bestest with this proposal: agora.terra.money
if you think they will do the first choice, you should sell, otherwise you should buy. buyback and burn means a potentially large return esp for dip buyers. however buyback and burn requires capital which nobody would want to loan to incompetent du known. circle and usdt want this algorithmic ponzi to fail more than anybody, and the chain itself is a tendermint clone with nothing innovative on it.
i think that du known will come to his senses and attempt the second option but nobody will give him money, and then he will try to fork and everything will die. but before that i think big pomp. but before that it might dip. i spread buys and sells across 0.005 and 0.0001, with some extra in case it really moon through a bailout (probably not). also dont expect exponential droppa because minting new luna has bean disabled by the coderinos
good luck frens
Could TerraLuna restore TerraUSD PEG with $Hi folks,
The #Terra protocol is doing well and needs no further bailouts 1-2-3 or whatever planned by Do Kwon. Now we have to let the market regulate itself naturally.
Indeed, the spectacular crash of the past week was painful for everyone. Nevertheless, I think it is part of algorithmic phases of the Terra protocol itself. The protocol grows by successive phases of expansion and contraction. We have simply witnessed a phase of brutal contraction. This phase could have been amplified by an hypothetical attack but no one knows right now.
Now, we have to wait for the market to do its job of natural regulator. Namely, slowly raise the #TerraLuna $LUNA to the price of $0.0017 per unit. At that time, the #TerraUSD $UST will naturally PEG with the US dollar. It’s only a matter of weeks. In fact, the regulator is already playing its role.
Once the market has played its role of natural regulator and therefore the TerraUSD UST will again be worth 1 US dollar thanks to its symmetry with the LUNA supply, we can begin the expansion phase of the Terra protocol.
During this expansion phase, we will see the TerraUSD UST supply increase and the #LUNA supply decrease. Once the PEG is reached, the decrease/increase of LUNA/UST will begin at approximately 612 LUNA for 1 UST until reaching in a more or less distant future the value of 1:1 or even more depending on the pace of adoption.
So, let the market regulate itself and digest this contraction naturally instead of trying to manipulate it with more or less hazy hypothetical rescue plans. This is the price to pay for a decentralized currency. Moreover, we are not safe in a distant future from a new contraction of the protocol which will resorb itself to leave after a few days or weeks a new phase of expansion.
Therefore, this contraction could be beneficial for all #cryptocurrency markets since it will bring a significant amount of fresh UST to the market when people will redeem their LUNA for UST once the PEG restore. And we know that cryptocurrency markets are in desperate need of fresh liquidities.
So, yes, I'm long. And the impressive volume of Terra Luna exchanged speaks by itself.
Have a nice day
LONG LUNA at the PCZ of a GARTLEYThis is as bottom as it gets, massive support at $0 hahahah and then a gartley appears?? COME ON!!! Buy of a lifetime lets gooooooo
LUNAIf I'm understanding correctly all LUNAtics need is survival of UST . That said, looks like developing UST double bottom and LUNA higher low.
Short Term Swing Trade - LunaDetails on the chart!!! Bullish Gartley pattern is completed
Entry: 0.00020540
TP: 0.00075427
Stop Loss: 0.00010520
Take Care!!
luna Made Perfect bullish Gartlay Hormonic it ll Jump soon luna Made Perfect bullish Gartlay Hormonic it ll Jump soon
also 0.786 Retracement done now luna bullish
LUNA ! ONE LAST CHANCE
Luna ! and this will be the 2022 one last chance for anyone who want to be a millionaire .
The market works by Market Maker and Market Maker always want to retest a liquidity area and guess what comes next in Luna ? - The Bottom !
JUST COMMENT BELOW HOW MUCH WILL BE THE PROFITS IF YOU GO LONG FROM THE BUTTOM ALL THE WAY UP TO THE 0.0004 LEVEL ?
Lunabust is retracing 0.786 it ll reject bear trend of luanaluna is Going to Bullish Again Luna is Retracing 0.786 posible bullrun start soon for Luna ........... not a financial advice
LUNA Buy Opportunity - LUNA Long CallHello everyone, if you like my idea about LUNA, do not forget to support me with a like and follow. Here is the analysis for LUNA, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
MLN ENZYME READY FOR NEXT PUMPAm gonna try to catch the next pump on MLN/USTD. Eazy quick 2/3x short term.
BTCUSDT Futurehello my friends
on 1 hr time btc break trend line and a good resistance is 30k
so i think its good to open a sell short trade with R:R 1:2.6
a good support is below price and i show it with blue
if price break this support no traffic until our target
so be careful there
dont forget to like and comment below if u are agree with me
Coinbase: Lawsuits over 'stablecoins'!!Coinbase
Short Term - We look to Sell at 79.05 (stop at 97.30 )
The primary trend remains bearish. We are assessed to be in a corrective mode higher. A move higher faces tough resistance and we remain cautious on upside potential. Preferred trade is to sell into rallies. Further downside is expected.
Our profit targets will be 30.50 and 25
Resistance: 70.00 / 75.00 / 80.00
Support: 65.00 / 60.00 / 55.00
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✅⚙BTC: market mechanics! Global and local view!📊Hi friends! Globally, Bitcoin looks very good: it has tested the lower boundary of the channel, closed above the key level, and volumes are up. But why there is no strong pullback, no price reaction? In this idea I will explain what you additionally should expect from the market in the coming week, so that you can open a trade in the direction that is more possible.
📊Weekly. Globally on Bitcoin, we see the test as support of the lower boundary of the channel and even a close below it. But what to expect this week? Pay attention to the volumes - they are lower than they were last May 2021. That means that not enough traders have liquidated and they are not in a bigger panic than they were a year ago.
💹This is negative for the price , because for the market to grow you need to have retail traders scared and sell all their Bitcoins and Altcoins to the big players, and that's not happening. There is no capitulation of the retail trader and investor.
70-80% of people who have been accumulating their positions in the $30-67k range for over 1 year should capitulate (there should be a huge liquidation on volume). This is the first sign of a trend change in the crypto market. If you don't know what a trend is, you can read in detail in this tutorial idea.
📊4 hours. The area of accumulation of long positions is highlighted in green, after which this liquidity became fuel for the 33% drop. Most in a panic closed their positions by market orders, in order to stay at least with some balance.
💹Locally the price is forming a bearish (rising) wedge, which indicates the weakness of the buyer and the fear of the retail investor. There could be a 26% drop to the $24-25k level according to classical technical analysis.
Also, about 2 weeks ago I talked about Bitcoin falling in the short term when similarly there was no sign of buyer strength. The price dropped by 35% and a lot of traders took advantage of that ideas.
🚩What would be the additional trigger for this fall? If the SnP500 continues to fall this week, a fall in Bitcoin is extremely likely! There is a very high correlation between the cryptocurrency market and the stock market for the last 2 months.
⚙This is one of the scenarios that can be expected. Also, Bitcoin could repeat the consolidation of the summer of 2021 with liquidity collection and stop-loss takes out.
✅Friends, what are your ideas about the market? Will there be a rise, a fall or maybe a consolidation? Write in the comments! That way we can understand the sentiment of traders on TradingView who actually trade in the market!
Press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
BITCOIN 12H TA : 05.16.22 (Update)Possible trend in case of succes of 1st scenario that i mentioned in the previous analysis . 👇🏼👇🏼👇🏼
Follow us for more analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 05.16.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
LUNA/BUSD: Let's Buy an Exclusive Monthly Lottery Subscription We are going to post a controversial idea.
We know many have expressed their attitude toward the worthlessness of Terra(LUNA) after its collapse. We will not get into coin’s fundamental reasoning because there are just too many factors to argue for each side. We just want to point to a few simple, logical, and forward-looking reasons on why we are going to purchase this coin.
1.We are planning to buy this coin and forget. This is a passive investment, with an indefinite holding period. We believe that at this price level (A small fraction of a cent), for a coin that used to be above $100, we are willing to “gamble” using a small portion of our fund (1 ~ 2%) for a long-term investment. We do believe that purchase this coin should have more probability of winning than buying a lottery ticket. Consider this investment similar with a scenario where you have purchased a “continuous monthly lottery subcription with only one initial payment”, which gives a great risk-to-reward ratio.
2.Although many have said that the coin will be suspended from trading, a suspended trading does not mean you will lose the coins you have purchased. You can still transfer your coins back to your electronic wallet and keep them permanently. If the price jumps up and volume returns, exchanges will definitely resume their trading operation for this coin.
3.Many worries that Terra(LUNA) could go below 0. However, this is not true. Cryptocurrency cannot go below zero, meaning you will not lose more than your original investment (Of course, given the fact that you are not using a leverage). Although we have seen the unthinkable event where the price of crude oil fell below zero back in April 2020 during the pandemic, this is due to the fact that oil contracts are directly linked to physical asset, and fire-sale of oil contracts near the expiry dates are caused by traders, which are us the speculators, who did not have access to the storage. However, as for coins, we have coin wallets, thus never have to worry for a storage place. Therefore, there is no possibility for the coin to drop below 0, as many are worrying.
With that being said, last week, Terra has made a new low at the 0.00003 level. Price has retraced back to the 0.0006 level and recently, it has broken its short-term ascending trend line, aiming to retest the new low of 0.00003 level. From the 0.00003 ~ 0.00005 level, we will purchase this coin with a 1~2 % risk and then forget. Let's hope for a great dream.
Check out our recent cryptocurrency trading ideas below :)
Possible gamble buy on LUNAThis buy area is total gamble, possible area to buy some LUNA on the order block near fibonacci retracement level 0.786 just under trendline liquidity. This might have explosive potential based purely on retail traders FOMO, and if bitcoin has a nice rebound. High chance to lose everything on this buy so position accordingly. BE VERY CAREFUL.
📊BTC: which cycle does Bitcoin copy? 2018vs2020💹Should we wait for a quick recovery and a Bullrun or will accumulation starts again? Bitcoin is already down by 60% from its ATH. But it is important to understand what scenario Bitcoin will follow. I decided to take two examples from history of how the major crypto-boss was recovering.
🚩Bottom of 2020. Conditions for recovery:
1. Black Swan - Covid-19 pandemic.
2. Fed printed a lot of dollars to fight the crisis. As a consequence, inflation began to rise and the dollar began to depreciate. $4,000 a year ago=$4,200 today for the same Bitcoin.
3. After getting unemployment benefits, a lot of retail investors started investing in crypto.
✅Now we can repeat the V-Shaped Recovery as in 2020. That means by late summer/early fall Bitcoin will be near the upper boundary of the channel, around $70K.
🚩Bottom of 2018. After a year of consolidation and falling by 80% from the ATH, Bitcoin began to consolidate again. Conditions for recovery:
1. The biggest economic growth cycle of 2009-2021 was at its peak. Bitcoin was able to return to $14,000 in a few months - up 400% from the lows.
2. Capitulation of retail traders and investors. After such a long and debilitating decline, all retailers were desperate and sold their crypto to the big players.
3. Interest in crypto only grew among institutional investors and experienced traders even in spite of the fall. Everyone put their money into crypto because they saw its obvious advantage over fiat currencies.
4. The main part of cryptocurrency exchanges, such as Binance, began to launch and investing or trading became more accessible to anyone with any deposit.
✅If the Accumulation scenario repeats, we will see Bitcoin at $100,000 close to New Year, not only paired with UST, but also with USDT or USDC.
📊What is now in 2022:
1. Economic and market sentiment indicators are showing traders and investors panic.
2. All global financial markets are under the pressure because of FED raising rate.
3. Global political disasters.
4. Crypto continue to grow it`s popularity. Investment funds increase their investments in cryptocurrency projects and fintech startups every quarter.
5.The topic of crypto is on the rise, even though Luna has fallen by 99%.
💻What scenario are you looking at? Share your idea or a picture of the chart in comments! Let's discuss them with the whole crypto community!
Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.