😱Luna 2.0 will lose another ➖30%😱After the arrest of Do Kwon in Montenegro by the 👮♂️Interpol police👮♂️, there is a possibility that Luna will drop more than before, and at least it will drop to the Price Reversal Zone (PRZ) and Support line(➖30%).
Terra Analyze ( LUNAUSDT ), Daily time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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Terra
LUNC Terra Classic $605 Million valuation problemThe valuation of LUNC Terra Classic at a market cap of $605 million raises concerns, particularly considering the project's current state of inactivity. As a community-led project that has become stagnant or defunct, such a high valuation appears to be disproportionate.
In my opinion, the valuation for a purely speculative token like LUNC should be re-evaluated to align with a more realistic assessment. A market cap of around $50 million seems more reasonable, considering the absence of recent development or active engagement.
So add another $0.
Looking forward to read your opinion about it.
Luna Fake Rally ended up with a Hard Dump again. LUNA experienced a deceptive rally in the cryptocurrency market, luring inexperienced investors and gamblers into a trap. However, the chart indicates that this pump was short-lived and served as a clear trap for retail traders, resulting in a significant price dump. Additionally, the price of LUNA failed to hold the recently formed hourly support level.
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.
✴️ Luna Fail Trade, Chart Setup Update + 5 Steps PatternThree things for LUNAUSDT, the trade signal, the chart setup and the 5-step pattern.
I shared a leveraged trade and this one failed but the chart setup remains the same, meaning that the bullish potential is still active/valid.
First, how you approach a trade is completely up to you based on your experience, goals, capital, risk tolerance, trading style, etc. But I always recommend between 1-5% of your capital per trade, normally 3%. (You are also supposed to have a portion that is specifically for lev. on top of your cash and spot reserves)
If you have a $1,000 USD capital and use 3% on one of these trades and the trade fails, that's $30 down and you still have $970 left to continue trading.
If the trade is a success, just that it breaks up, the potential goes immediately to 100%, 200%, 300% and more, we have many of these results.
That's the importance of following the position size because we diversify because we can't win them all. The majority are hit/win/success and thus short, mid and long-term you end up in profits if you do it right.
Now, the chart setup remains valid.
You can have a good trade go bad.
You can make the right decision and still lose.
You can also have a bad trade do good.
You can make a very bad decision and still end up winning.
The goal is to do it right and have a well defined plan, so that you can control your risk and know everything that is happening at all times.
Ok, the chart...
LUNAUSDT hit a low December 2022, this is the same for most of the Altcoins and recently we looked at LINKUSDT and ADAUSDT and the 5-Steps pattern, you can find this in the related ideas below.
We are at number #3 here and #4 is yet to develop, check Cardano for the details.
We have a higher low in March 2023.
As long as LUNAUSDT trades above the 10-March low the bullish potential remains intact. This is a question I received from one of my supporters.
Then the December 2022 low, above this level the potential for a new high remains valid.
Only if these support levels break then the bullish bias is lost.
Traders can hold easily, knowing this.
Margin traders can increase their collateral or do whatever their plan/experience calls for, this is not financial advice only my experience that I am sharing.
If the support breaks, look at the red arrow. That's a miss.
So the numbers can fail but the chart setup that called for these numbers is still valid... Those that makes sense?
I hope it does.
Namaste.
Terra LUNA Price Target after the U.S. CFTC sued BinanceBinance and its CEO, CZ, are being sued in the US by Commodity Market Regulators in a complaint that claims the defendants committed “wilful evasion of US law”.
This comes after the SEC Charged Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations last week.
Binance is responsible for 61.8% of the global crypto trading. Its Market Share is Huge!
I assume we are about to witness a major selloff in the crypto industry.
My Terra LUNA Price Targets:
LUNA/USDT short
Entry Range: $1.20 - 1.30
Take Profit 1: $1.05
Take Profit 2: $0.90
Take Profit 3: $0.75
Stop Loss: $1.55
✴️ Luna Uptrend Potential (7X Lev | 1,500%+ Potential)This is the pair that i initial shared the trade for.
There are some discrepancies between LUNAUSD between exchanges.
So the one that's above $1.45 USD.
The main target is around $4+ USD.
I will be sharing the numbers later on, we are using 7X.
Leveraged trading is for experienced traders only. There is plenty of risk involved.
Not for beginners.
Namaste.
Terra's Bear RunThis one has a strange chart, is not the same as the others.
We have a new high this week but the close can be lower than Dec. 2021.
In fact, if the week closes below $93 then we have a close lower than the mid portion of the real body of Dec. 2021 bearish candle.
I don't know if that makes any sense to you but it means that the bulls couldn't really conquer this resistance and any trading below it and the doors are open for a massive drop.
The trading volume has been going lower...
Terra (LUNAUSD) is also going for a bearish run.
This is invalidated on a weekly close above $103 but this is not what we are looking at today...
Namaste.
ANCUSD: Volume Spikes into a Bullish Deep Gartley 0.886 PCZWe've had alot of bearish volume come in to attack the PCZ of this Deep Gartley the last few days but yesterday we closed above the 0.886 with more volume than the previous 5 days of declining bearish volume and Bullishly Engulfed the previous day's price action. As a result i will be expecting to see ANC become a bullish outperformer in the near future.
✴️ Terra Classic | 400%+ Potential (Name Your Altcoin #42)Terra Classic (LUNCUSDT) went through a major bullish wave in September 2022. As soon as a peak was hit a strong but classic correction followed with trading volume coming to a halt.
After 99 days of correction, LUNCUSDT ends up with a higher low.
Every since early June 2022 Terra Classic is setting the stage for long-term growth.
After the 16-Dec. low, we can see slow but steady growth, a signal of strength.
In early February we have a volume breakout, seeing the highest buy volume in a day since the September action days.
This is what gives away what comes next.
If this pair were to turn bearish now, we would see a volume breakout favoring the bears/sell side, instead the higher volume came in as green (3-Feb).
Even though we have retraces and corrections, the overall picture continues green.
The RSI is turning bullish with prices trading above EMA10.
The rest of the market has gone green with Bitcoin now back above $23K.
Since the entire market is connected, everything is interrelated, we can predict what comes next.
LUNCUSDT is set to hit 0.00041183 first for 141%, followed by an even higher target at 0.00088404, to reach a massive potential of 410%+.
This is not financial advice.
You can find the support levels and additional targets by looking at the chart.
Namaste.
TERRA Luna PUMP? BTC Longs Dump?I have inverted the TERRA LUNA chart and comparing it to the BTC LONGS on Bitfinex
This is interesting. The longs are still underwater from the 39k-24k mark. With all the price action the BTCLONGS has not even budged.
Luna drop, massive longs taken.
Price drops to the 2x liquidation level (20k)
All the sudden MORE LONGS were taken when CELCIUS had to halt transactions on their coins...
"Published June 13, 2022"
"The crypto-lending firm Celsius Network halted withdrawals and transfers, amid an apparent liquidity crisis, as the price of Bitcoin plunged to pre-pandemic levels."
was this "someone" adding margin to those longs to prevent liquidation?
Say what you will about Terra Luna but I really think there is something unexpected about to happen... just a TA hunch
That is a MASSIVE amount of borrowed money being held at the same time Terra Luna fell... no movement on FTX. Maybe a transfer of wealth happening behind the scenes. I dunno
BTC headed into the "bull trap" zone imo
LUNC to pump⛽ again? 2Please 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free.
Luna Classic seems to be ready to break up this triangle 📐 and IF successful I think there is chance for run to 0.00021078 and even higher.
ENTRY : local high @ 0.00017974
STOPLOSS (SL) : local low @ 0.00017337
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 0.00021078
REWARD RISK RATIO (RRR) : 4.8
INVALIDATION : when SL level hit
The setup reminds me of this👇
Check my other stuff in related ideas.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
LUNA about to break out💥Please 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free
After initial impulse down and consolidation LUNAUSD is now about to move one way or the other. Price is approaching apexes of the triangles. Yellow the bigger one (zoom out)...
... and orange the smaller one. IF (and only IF) we break down from both of them, I would expect dump to Target1 (1.23) and then to Target2 (1.00). Target2 being the gap open (1st price tick) after re-listing on Binance:
On the other hand breakout to the upside could result in sort of pump. What do you think?
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
LUNCUSDT Falling Wedge leading it to its doom. Unless..Terra Luna Classic (LUNCUSDT) has been consolidating since the December 16 drop having formed a Support Zone (green) just below the low of the FTX (November 08) crash. This consolidation is taking place below the Higher Lows trend-line that was holding since June 09. The price remains below the 1D MA50 (blue trend-line), 1D MA100 (green trend-line) and the recently emerged 1D MA200 (orange trend-line).
This Falling Wedge will most likely take the price to its bottom (Lower Lows trend-line) by January if it breaks the green Support Zone. On the other hand a break above the 1D MA50, targets the 1D MA100 and further break there targets the 0.0002790 Resistance (1) of the November 05 High. The Resistance 1 is on the 0.0003710 (October 02) level.
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LUNC to pump⛽ again?Terra Classic seems to be ready to break up out of this triangle 📐 and if successful I think there is chance for run to 0.00035 and even higher.
ENTRY : local high @ 0.00028775
STOPLOSS (SL) : local low @ 0.00027075
TARGET1 : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 0.00035
TARGET2 : resistance @ 0.00040
REWARD RISK RATIO (RRR) : TARGET1 - 3.6 | TARGET2 - 6.6
INVALIDATION : when SL level hit
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.