Every bear market has been a phenomenal buying opportunity Hi everyone.
As shown in the chart , the Luna completed a five leg cycle lower,
with that in mind,
Bull market:
As shown in the chart (black line), the length of the rise to the peak of wave 3, multiplied by 1.236, gives almost (exactly) the distance from the end of wave 3 to the peak of wave 5 (multiplied by 1.618, gives almost the distance from the end of wave 3 to the peak of wave B).
Bear market
In this case, the wave 1 (blue line) decline is the same (is approximately 100% of wave 3- black line), again ...
In each of these markets, the initial measuring unit is the same, the length of the advance from its beginning to the peak of wave 3.
All in all, this (Blue cycle) could have represented the whole correction off the lows.
What next?
A Possible scenario is shown in the chart.
LUNAUSD
Luna Fundamental Analysis (What's happening)
A Malicious Attack (UST---> BTC----> Luna).
(as you know) Luna Foundation has been buying large quantities of bitcoins for some time, ( purpose in doing so was to provide financial support for the UST (the Luna Foundation holding ($ 2.4 billion) worth of bitcoins).
On May 7, 2022, an unprecedented move, $ 2 billion worth of UST tokens were taken out of the Anchor Protocol and several million dollars were immediately sold.
Some have speculated that an attacker attempted ( to break UST in order to profit from shorting bitcoin) (that is, betting on its price going down).
This heavy sale, considered by many to be a deliberate and planned attack, quickly pushed the UST price below $ 1;
which would mean terra's team would have to sell portions ( bitcoin reserve) to repeg the stablecoin (selling this significant could cause the value of Bitcoin to plummet).
They (terra's team) sold ,once investors saw that UST lost its peg, they would then rush to unstake and sell their UST, which would require more bitcoin reserves to be sold, adding further selling pressure. (Bitcoin lost about 30% of its value, and at the lowest level was priced at $ 26700)
But that was just the beginning.
Many expected traders to gradually curb this selling pressure by converting their USTs to Luna on the Tera network.
The second problem was those UST holders who, for fear of a further fall in the value of this stable coin, put their tokens up for sale and accelerated the fall in UST prices.
These events together led to the formation of a crisis in the Terra network, which coincided with the fall in the value of the UST, the supply of Luna’s turnover in less than three days, from about 370 million units to an incredible 6.530 billion units.
Then its value has collapsed in one of the most stunning crypto crashes ever recorded (Over $17 billion in crypto value has been wiped out!).
reference:
cnet.com
News
LUNC LUNA Classic breakoutBroke out of a descending channel and a diamond reversal pattern. Measured move is 0.0000926 of the descending channel. The 1.618 of the diamond reversal is 0.000139.
LUNC community has initiated a 1.5% token burn on every transaction. This should in theory reduce the supply of LUNC to pre-attack levels in a year's time. I don't care about Do Kwon's Luna 2.0, it is just a mean to run away from Luna's failure. It has no Dapps and dev must port them from LUNC which is not going to happen in this market.
LUNAUSD LONGSeeing the crash on Luna one might think it's the end of it's existence but in reality it's a great opportunity for holders as this is one of those life changing opportunities, price is currently @ $0.70 if you would wait for price to go back to $0.80 then buy you'll get price at a truly great value! see you on the other side!!!
TS ❕ BTCUSD: bounced backBTC has bounced back from an important resistance level again. I expect the downward movement to continue.
SELL scenario: short to 27820.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
LUNAC Approaching a Breakout LUNA has been trading downwards along the upper trend line on this 45 min chart
From here it is possible a large break out upside occurs, in my thoughts to an over-reaction of the market drop
I expect upside as the issue was fixed
TS ❕ ADAUSD: accumulation zoneADAUSD is moving in the accumulation zone and now, after rebounding from the resistance level, it has headed down. I expect movement to support.
SELL scenario: short to 0.446.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
TS ❕ ETHUSD: false breakETH made a false break of the resistance level and abruptly returned back down. Now the price is heading towards the support level.
SELL scenario: short to 1710.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
TS ❕ BTCUSD: ACCUMULATION ZONEBTC IS STILL IN THE ACCUMULATION ZONE. THE PRICE HAS RECENTLY REBOUNDED FROM THE RESISTANCE LEVEL AND HAS ALREADY GONE DOWN SIGNIFICANTLY. NOW A CORRECTION IS POSSIBLE, AFTER WHICH I EXPECT A DROP TO THE SUPPORT LEVEL.
SELL SCENARIO: SHORT TO 27820.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Terra Analyze (Road Map)Update!!!🗺️Hi, yesterday I tried to show you the end of the main wave 2. I hope that you were able to earn 💵money💵 from that posts.
My last post about Terra Analyze 👇
Luna can be in the main wave C, and Now, it is running in microwave 2 of the main wave 3; the main wave 3 can break Resistance Zone, and when it happens, then we can verify the end of Main wave 2.
If Luna breaks the Resistance Zone, we can expect Luna to grow higher than Main wave 1.
🔴Resistance Zone: 0.00026$ _ 0.00021$
❗️Note❗️: Please just invest 1%_max 4% of your fund in this project at this time.
Terra Analyze ( LUNAUSDT ) Timeframe 45 min⏰ (Log Scale)
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Terra Analyze (Road Map)!!!🗺️Luna completed its main wave 2 by Double Zigzag Correction ; I expect that Luna can go up before 27 May.
How far can Luna grow? ❗️❓
🎯 Target 🎯: 0.00026$ _ 0.00021$ ( Resistance Zone )
❗️ Note ❗️: Please just invest 1%_ max 4% of your fund in this project at this time.
Terra Analyze ( LUNAUSDT ) Timeframe 45 min ⏰ (Log Scale)
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Terra Analyze (Road Map)Update!!!🗺️Luna is running as I expected in my previous posts about Luna .
It seems Luna passed the end of microwave 2 and now Luna is on the way that can break Resistance Zone = Scenario 1
Microwave 2 can have a Double Three Correction = Scenario 2
If Luna breaks the Resistance Zone , we can verify the end of microwave 2 .
🔴Resistance Zone: 0.00026$ _ 0.00021$
❗️ Note ❗️: Please just invest 1% _max 4% of your fund in this project at this time.
Terra Analyze ( LUNAUSDT ) Timeframe 45 min ⏰ (Log Scale)
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
can luna moon 1000% from here?luna(2) needs to close the monthly above the $6 area.
if luna is truly back and the people believe it then 1000% should be easily obtainable as money flows back into the project (trust?).
the question is what happens after the 1000%, $800 would be on cards from fibonacci workings but too early to tell.