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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Terra
BITCOIN 12H TA : 05.16.22 (Update)Possible trend in case of succes of 1st scenario that i mentioned in the previous analysis . 👇🏼👇🏼👇🏼
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⚠️ 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 :)
Anatomy of LUNA's technical breakdown - a painful meta-analysisLUNA (and UST) rocked the (crypto) markets last week, and hogged the headlines. There were many who got wiped out, and the prospect of recovery appears very remote, if at all.
Here I would like to share why I chose LUNA to be a major part of my portfolio, entered and managed the trade (I would not term this as an investment, really). I hope that this sharing can be a good starting learning point of some fundamental factors that we all need in risk management.
Luck comes along with hard work and preparation, so just keep at the good stuff, always.
For the early part of 2022, a triangle pattern was forming with LUNA, following LUNA's surge in late 2021. Had missed the breakout in late February and had to wait for some pullback, which was shallow. Entry was taken as there was about 50% more of the projected target (see green arrows). MACD and RPM was favourable at that time too.
A surge pushed LUNA closer to target and about 60% was taken off, since entry was significantly large of my portfolio, and this was redistributed elsewhere.
A retracement took place and almost closed the trade, but one day more made a difference with yet another surge. This time, it got closer to the projected target but retraced just before. Had decided to project the next target level, and kept trade open for the time. LUNA was performing well about this time too, so that was a consolation.
In early April, again, it failed to reach projected target and I had decided to allow this to bake longer as the remainder of LUNA that I had, I was willing to hold longer.
Then the technical breakdowns started...
It returned to the near the entry price, and if it went below further for a day more, I would take it off. Yet again, a surge off that (critical) support level happened. It was very clear that this is now my OSL... LUNA spiked to break above the 55EMA, and reach a resistance in three days, and then consolidated, as bullish technicals faded away slowly.
Yet another retracement was effected, after a lower high, no less, and tested the critical support OSL again. A short bounce ensued, and this time, as it failed the resistance, and perhaps more importantly, the 55EMA. Furthermore, the RPM was turning bear, adn MACD was weak. So, I decided that it was enough.
Closed out the last 40%, meant for longer term hold, and walked away happy.
Started to take notice that LUNA was getting into the news, initially saw UST, and then LUNA got mentioned more.
Barely two days after closed trade, LUNA depreciated so much that it was clear something was not right. Technically, the bears were moving and fundamentally, some serious shit was happening.
Then it broke the critical support, aka OSL.
And that was it... free fall.
Then we started reading about many who lost fortunes from this breakdown.
Few personal takeaways I have to share, in good faith:
1. It is a trade, not an investment, so keep an eye on crypto positions always. Volatility is part of crypto and it must be accepted, monitored and managed;
2. Read more about what you buy, and keep abreast of its developments. Apparently, a lot about the UST peg was criticized, and admittedly, I read none of those prior;
3. Have good technical analyses and keep a simple set of rules for engagement;
4. If always make sure your tokens are nimble, even if you are staking. A quick retrieval to sell off if and when required is needed. The amount of time you need must be overestimated, and so you know that you need to act eariler, rather than later; and
5. Always have that sacred OSL , and respect that if it is ever broken, you also need to break off the trade.
The last point is by far the MOST IMPORTANT takeaway.
I kept to mine, and it saved me, unwittingly.
Many others, even in the equities market, have asked of late, what to do...
Thing here is, we need the solution before the market tanks; we know the solution(s) too. So, need to form the habit of letting go when it is time, so that we are free to move along and recover.
As we go through the next weeks recovering our wounds, I hope that you find it in your spirit to understand what happened, both external and internal. And we can only control the control-ables (internal), namely, our actions. So develop a set of steady rules, keep to it, and always have that OSL. It is a live saver.
I shared the above, in good faith, as I think it need to put out my learning points of the weekend. I do beg your pardon if it rubbed on sore points, and if it did, it means it needs tending. Read, analyze, and discuss... I believe that there is enough of a community there to help each of us get better.
2022 is a more volatile year, good for those who know how to manage.
God bless and take care.
LUNA/BUSD Daily TA Cautiously BearishLUNA/USD Daily cautiously bearish. LUNA currently having a Scarface moment, "You think you can kill me with bullets?". The Revival Plan posted by Do Kwon with help from the Lunatic community shows that perhaps there is enough support to have Luna rise from the ashes, but whether or not it ever reaches its previous ATH at $120 without removing or significantly modifying the UST:LUNA peg aspect of Terra is TBD. Recommended ratio: 5% LUNA, 95% cash. Price is currently trading for fractions of a cent ($0.00025748) just above max bottom as it has become a "meme coin" that some investors are betting big on recovering. Volume remains extremely high and is becoming more fairly balanced between buyers and sellers as it is attempting establish a new base. Parabolic SAR flips bullish at 30, this margin is bullish. RSI remains flat lining at the ATL of 14.25 for the fifth consecutive session. Stochastic also remains flat lining at max bottom. MACD is currently printing a new ATL at -24.65 and is beginning to form a trough; this is mildly bullish at the moment, though it would need to break out above -18 for a bullish crossover. ADX is currently trending up at 45 as Price remains near 0; this is bearish. If Price is able to break out above $0.01, then the next resistance is at $0.27. However, if Price stays below $0.01, it can trade down here for a while until LFG figures out the best way forward. Mental Stop Loss: (two closes above) $0.01.
*I'm using BUSD because the chart I had been doing LUNA/USD TA on was broken when Binance delisted that pair*
**You should only invest what you are prepared to lose into LUNA at the moment because it is currently still unclear how they plan to move forward**
LUNA BREAKOUT! ROUND 2??? We can only hope so!LUNA has been in a steady declining channel since yesterdays impressive gains. We can see here that LUNA has been on a cool down since yesterdays dash up. If you will look inside the channel you will see that nowhere until now has it made any significant break to go back up. Until now.. if it holds till the top of this channel and goes over the drawn purple descending line we should be on to round two and our end goal of One dollar. Do I think one dollar is possible? It is possible (if large burns happen of coins in circulation) is it probable ? No.. My Target is 0.01 cent . Which is still massive gains. Lets hope we break out of this descending channel now ! Everyone who is saying that this project is dead probably just lost a **** ton of money, didnt buy back in , and is hating everyone from profiting from the crash. Do not be talked out of this epic opportunity! And everyone who lost everything I am EXTREMELY sorry and my empathy goes out to you , but hopefully you can throw in what ever you have or have left and ride this wave back up and recuperate most if not all of your losses. It's never over, there is always another opportunity just around the bend and I think that this could be ours ! Cheers to financial Freedom! lets Pump this shit to a penny and then some!! ALL BUYS NO SELLS ! Lets get rich!
Luna triggers h&s pattern after ust depegs from the dollar. We can see it overshot its breakdown target due to the immense fear, uncertainty, and doubt created after UST de pegged from the dollar twice over the weekend. Now that it has reached its breakdown target its uncertain of whether or not it wills top dumping but we can see in the process it has created a lower low which is not a good thing for maintaining its overall uptrend. However Bitcoin has yet to form a lower low until it dips below 28650 or so. If bitcoin ultimately forms a higher low before it’s next uptrend there is a chance it can pull luna up with it. For now Luna looks very ugly, so I can’t in good conscious even entertain buying the dip at the moment.
$LUNA Terra Long Setup (+36% Target)Monitor resistance and volume entry, if no volume probably it's fake.
Terra could possibly go 37% Up if the broadening wedge is broken, check both resistances. Trade with care, risk what you can afford to lose only. Risk managment is the most important way to cover yourself from unrecoverable losses.
LUNA Target 0,22 - The RE-TURN - Luna had this before also Luna is into a hard time, and most have seen what happened the last few days.
There is no guarantee in markets, but out of this all there is a good chance that Luna will get some price action.
Those who did buy at higher, know already that it's not a good idea to sell when there is a 99.9% loss - but it will stay a personal choice.
The things could change Luna to better price action.
1. Binance - could fund Luna, as binance doing this with more projects by CZ.
2. investment from other partners
3. Good news from the team about a good solution
And more.
In 2020 Luna had around the same situation, and get solved.
At this moment the team wants solve it, and try their best to get Luna on the level.
Targets: if we look at the targets, it's possible that Luna can hit the 0,22+ as the first target- this could happen when there is good news.
And best one if there is a high FOMO effect of 0,41
TERRA LUNA- Symmetrical Triangle In Play 10-15x Returns ShortermHello everyone thanks for checking out my chart. So what happened to LUNA is a tragedy and I really feel for everyone who has lost in this stupid mess. I didn't hold any LUNA pre-collapse but I have been trading it and making some serious gains in a short period of time. I don't think LUNA will recover anywhere even close to where it was, or even 50 cents. I think LUNA will max out at maybe a penny but thats wishful thinking too. You gotta think the supply now for LUNA is around 10 trillion if not more I couldn't find a solid source for it. With that many coins even at 50 cents the market cap would be more than double that of the total market cap of crypto which is not feasable at this time. At a penny it'll still be 60 billion dollar market cap, if I did the math right, and even at that price it would need some serious confidence from investors to be able to reach that and stay there in the top 5 of the crypto market. What I think will happen is it may bounce off a penny but essentially the coin is dead, it never really had any real world use case to begin with and just a bunch of pipe dream promises. Eventually all exchanges will delist it once the trading volume isn't worth it to them anymore. Once that happens it will fall off the map and be in the end of coinmarketcap with all the other dead projects. There is no way to fix this problem logically, if there was they would have implemented the fix already. There is also a lot of stories saying that there is over 10,000 Bitcoin worth of reserves is unaccounted for which raises lots of suspicion. In my opinion this was a planned exit scheme and there will be charges to follow I'm sure. The United States will crucify the bad actors in this ponzi and hopefully make an example out of them for how many people the robbed!
Anyways I'm not investing long term in this at all but I will trade these bounces. Trading volume is high right now and I forsee a nice run up to about .0026 which is about 10x where we are now. There will be a nice bounce because of everyone thinking they are getting in cheap and are holding hoping for a dollar or 60$ lol without realizing how much the total market cap would be at those prices with the supply now. I wouldn't listen to all that garbage to buy and hold its the same crap that people were saying when Bitconnect took a 5hit. Don't jump onto sinking ships.
This is just my opinion and not trading advice. Thank you for looking and if you find this content helpful please follow me and comment below your opinion. Thank you
Thoughts about the LUNA and 1 cent. The situation with LUNA reminds me the situation with Shiba. People do not pay attention to the market capitalization of the coin, etc., they just think that 1 cent is real and that’s all. This is a kind of psychological factor. Buying a coin for a $100 or several thousands coins for $100. .. Luna currently has a market capitalization of 2 billions. If we assume that the capitalization will grow 10 times and the founders will burn half of the coins, then the goal of x100 is very real even from this point.
The only thing we don't know is what the founders have in mind, so it means that coin depreciation is also real, it’s just might become zero. Who wants just take this risks.
And one more thing that I see, the crypto community missed about such memes, the Luna communities in social networks are growing fast and it’s very large rn, and this is another very strong bullish factor.
Luna Targets Swing
We don't know if this will truly stay the bottom all we know now is many people including myself took this trade with some of us yielding as much as %20,000.
Pretty crazy I know. Don't worry there will be plenty more opportunities for this. PLEANTY do your research find products and projects you trust luna is at the moment not one. This was more of a gamble.
Following narratives like gaming nfts etc think deeper. Research the team, understand the entire block chain. Watch videos listen to podcasts. Educate yourself. This game can get more solidified and consistent for you if thats the route you choose many millionares will be made in the next 12-24 months.
Will be looking to short US30 next week. Will keep you posted upon confirmation.
XAU still looking bearish overall. I can see some retracment tomorrow evening back up for about 5-6 Points.
BITCOIN Daily TA : Bull or Bear ? Hi guys , we're back ! Well , as you can see the BEARS that shorted 46K to 48K range are reaching their most important goal (or even final target) (25K to 26K), because under old support Price in the $ 28,800 range There was a super massive pool of liquidity where they could close their own positions (converting a sell position into a buy one as soon as the short positions close and reduce the selling pressure in the market as well as increase the entry of buyers). There are currently two major scenarios ahead of the price , as this range is the last and most important PRZ , The second scenario is if the price can't consolidate above $ 32,800 and more sellers enter the market and this time look for larger targets such as 22K and 18.8K.
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 05.15.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
LUNA longbuy the dip. great team!
buy at 0.00065$
first profit target 0.04$
second profit target 1$
risk & reward ratio 1:1450
third profit target 100$
risk & reward ratio 1:infinity
stop loss 0.0000000000$
Somebody made 50.000% in 36 hrs on LUNAI don't know, what exactly happened here, but something tells me, it is bad for humanity =)
Massive redestrebution of wealth happened here.
Trillions of Luna got bought in that small window at the bottom and get distributed now into the hype with 50.000% of profit in
less than two days
INSANE