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The second period of volatility is underway...Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the coin market is known. (USDT chart) (USDC chart) (BTC.D chart) (USDT.D chart) Same as before. Taking the charts of USDT, USDC, BTC.D, USDT.D, BTCUSDT, BTCUSDTPERP, and BTCKRW together, the next volatility period is expected to be around March 16, around March 20-24, and around March 29-30 It's possible. A second period of volatility (up to March 19-25) is currently underway. --------------------------------------- (BTCUSDTPERP chart) (1D chart) It is showing support and rising around 27102.7. We need to see if it can rise above 28951.7 during this volatility period. If not, we need to see if there is a drop around 25882.9. If it rises above the 32275.6-37243.4 section, it is likely to show a full-fledged uptrend. Therefore, the 32275.6-37243.4 zone is an important support and resistance zone. The S/L point of this important section is the 28951.7 point. Therefore, if it rises above 32275.6 and then declines, it is expected that it will continue its upward trend only after receiving support around 28951.7 and rising. If it holds the price above 28951.7, I would expect it to lead to an attempt to rise above 32275.6. We are currently entering the second period of volatility. Therefore, it is necessary to keep a close eye on the movement of the BTCUSDTPERP chart up to around March 24th (March 23-25). (1h chart) The description of the 1h chart refers to trading in a short period of time that corresponds to scalping and same-day trading among the above. In this story, whether BTC goes up or down is not the focus. Therefore, you should not view and interpret this content with a mid- to long-term perspective. - 'LONG' position that requires quick response entered near 'L2', 27293.3 (marked in red letters) (The price has gone up and the HA-High indicator on the 1D chart is about to be created.) 1st: Around 27102.7 2nd : 28951.7-30000.5 Trade close: around 32275.6 However, if you touch 5EMA on the 1D chart, it is recommended to sell some or close the trade to preserve profits. The trading strategy for entering a full-fledged position will be explained again when you touch the M-Signal indicator on the 1D chart. What is shown in the current chart is the previous one, and it is displayed for those who are holding existing positions. ------------------------------------------- (BTCKRW chart) We need to see if we can find support at 35539000 and hold the price above 37585000. The HA-High indicator on the 1D chart is rising and is about to be created at the 36412000 point. So, if the price stays above 36412000, it is expected to continue its upward trend. if it goes down, 1st: 31024000-32042000 2nd: 28950000-29639000 You need to make sure that it is supported in the vicinity of the 1st and 2nd above. The next period of volatility is around March 29th. ------------------------------ - big picture A full-fledged uptrend is expected to start when it rises above 29K. This is the 81K-95K range that we expect to touch in the next bull market. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
5
Do not create trading strategies during periods of volatilityHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the coin market is known. (USDT chart) (USDC chart) (BTC.D 1W chart) (USDT.D 1D chart) While USDT is gapping and maintaining an uptrend, USDC is gapping and trending down. When USDT rises, the coin market is likely to rise. However, caution should be exercised as USDC's continued decline may limit its rise or lead to a sharp decline. In order for the coin market to rise as a whole, a decline in USDT dominance must be made by default. When USDT dominance is in a downtrend, 1. Rise of BTC dominance: BTC leads the market, leading to the rise of the coin market. However, if BTC dominance continues to rise, altcoins will gradually start to move sideways or decline. 2. BTC dominance decline: Altcoins lead the market, leading to the rise of the coin market. However, if BTC dominance continues to decline, the volatility of BTC will increase, causing frequent whipsaws, which may limit the rise of the coin market. If USDT dominance maintains an upward trend, the coin market is likely to show a downward trend regardless of the movement of BTC dominance. Taking the charts of USDT, USDC, BTC.D, USDT.D, BTCUSDT, BTCUSDTPERP, and BTCKRW together, the next volatility period is expected to be around March 16, around March 20-24, and around March 29-30 It's possible. A second period of volatility (up to March 19-25) is currently underway. --------------------------------------- (BTCUSDT chart) ---------------------------------------- (BTCUSDT 1W chart) The key is whether the price can be maintained above the M-Signal on the 1M chart. If not, you should check if it is supported near the HA-High indicator. (1D chart) Looking at the screenshot above, the 'Strength' indicators on the left and right are different. Therefore, the trend is expected to be determined by whether there is support or resistance in the current zone, i.e. around 26560.0. What you need to check as an auxiliary indicator is good to use to determine how important the current trend or support and resistance points are. Creating a trading strategy with technical indicators is risky and should be done with caution. Therefore, the key is whether you can climb with support in the 26013.28-27079.41 section. If it falls below 26013.28, 1st: 24376.02 2nd: 22426.60 You need to make sure that it is supported in the vicinity of the 1st and 2nd order. The trend on the 1D and 1W charts remains in an uptrend. However, the 1M chart cannot be considered to be maintaining an upward trend yet. Therefore, shake it up and down to make the HA-High indicator on the 1M chart fall or rise to the point where the HA-High indicator is currently located. However, since the current HA-High indicator point is located at 43823.59, I think it is more likely to cause the HA-High indicator to fall by shaking it up and down. I think the point where we expect to see a full-fledged uptrend is when it rises above 29K and maintains the price. Therefore, the closer you get to 29K, the more you feel that if you don't buy right now, you won't be able to buy it again. This is a natural instinct and is likely a high signal. So, what makes you overcome this is your trading strategy. If you do not plan in advance how you will trade, be careful because you will buy when the price rises and that buying point can become a peak. The basic buying method to overcome this is (based on 1D chart) 1. Buy when the bearish candlestick is about to close when it is above the MS-Signal indicator. 2. Buy when the bullish candlestick is about to close when it is below the MS-Signal indicator. You can purchase using methods 1 and 2 above. However, all transactions must be conducted in split transactions. This is because the above method is a way to buy regardless of support and resistance points or trends on the chart. ------------------------------------------ (BTCKRW 1D chart) The movements of the 'Strengh' indicator on the left and right charts are different. Therefore, it can be seen that it is important whether it is supported or resisted at the 35539000 point. if it goes down, 1st: 31024000-32042000 2nd: 28950000-29639000 You need to make sure that it is supported in the vicinity of the 1st and 2nd above. The next period of volatility is around March 29th. ------------------------------ - big picture A full-fledged uptrend is expected to start when it rises above 29K. This is the 81K-95K range that we expect to touch in the next bull market. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
9
Second period of volatility : March 19-25Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the coin market is known. (USDT chart) (USDC chart) (BTC.D chart) (USDT.D chart) If the USDT chart continues to rise while creating gaps, the coin market is expected to show an upward trend. However, if the downtrend line is maintained on the USDC chart, the rise may be limited. Also, at some point, there is a possibility that it will lead to a sharp decline, so it is necessary to check whether USDC turns into an upward trend. It rose above 46.76 on the BTC.D chart. Therefore, if the upward trend is maintained, there is a possibility that altcoins may gradually move sideways or show a downward trend, so we need to think about countermeasures. We believe this move is likely to continue until BTC reaches around 45K. We need to see if it can fall to around 6.21 on the USDT.D chart. This is because the decline in USDT dominance is likely to lead to an uptrend in the coin market. Taking the charts of USDT, USDC, BTC.D, USDT.D, BTCUSDT, BTCUSDTPERP, and BTCKRW together, the next volatility period is expected to be around March 16, around March 20-24, and around March 29-30 It's possible. A second period of volatility began around March 20-24 (up to March 19-25). You need to check what kind of movement will come out. --------------------------------------- The HA-High indicators on the 1D and 1W charts fell and rose above that, continuing the mid- to long-term upward trend from a trading perspective. Now, all that remains is to make the HA-High indicator on the 1M chart decline as a move to continue the long-term uptrend. We need to see where this month's candle closes and if the value of the RSI indicator (using Heikin Ashi's Close) will enter the overbought zone. This is because if the RSI indicator enters the overbought zone and then moves out of the overbought zone, there is a high possibility that the HA-High indicator on the 1M chart will fall. It is unlikely, but it may rise as it is and rise to 43K, where the HA-High indicator is currently located. ---------------------------- (BTCUSDTPERP 1D Chart) If it rises above the 32275.6-37243.4 section, it is likely to show a full-fledged uptrend. Therefore, the 32275.6-37243.4 zone is an important support and resistance zone. The S/L point of this important section is the 28951.7 point. Therefore, if it rises above 32275.6 and then declines, it is expected to continue its upward trend only after receiving support around 28951.7 and rising. If it holds the price above 28951.7, I would expect it to lead to an attempt to rise above 32275.6. We are currently entering the second period of volatility. Therefore, it is necessary to keep a close eye on the movement of the BTCUSDTPERP chart up to around March 24th (March 23-25). If you fail to rise and fall, 1st: Around 24294.1 2nd: Around 22421.2 You need to make sure that it is supported in the vicinity of the 1st and 2nd order. However, it is necessary to touch the vicinity of the rising trend line (3) and check whether it rises along the rising trend line. If it goes down further after that, 1st: 21826.1-21558.1 2nd : 19411.7-20122.5 3rd: Around 17864.7 You need to make sure it is supported in the vicinity of the 1st-3rd order. (1h chart) The explanation of the 1h chart is about trading in a short period of time that corresponds to scalping and same-day trading among the above. In this story, whether BTC goes up or down is not the focus. Therefore, you should not view and interpret this content with a mid- to long-term perspective. - Full-fledged 'LONG' position entered near 'L1' Entry point: When support is confirmed near 'L1', 25882.9 1st: Around 27102.7 2nd : 28951.7-30000.5 Trade close: around 32275.6 However, if it falls below the 1st point and touches the HA-High indicator or touches the 5EMA on the 1D chart, it is recommended to sell some or close the trade to preserve profits. If you touch the 2nd point, you can end the transaction when you want. ------------------------------------------- (BTCKRW chart) You need to climb to the 37585000-40674000 section and see if you can get support. If not, 1st: around 35539000 2nd: around 32042000 You need to make sure that it is supported in the vicinity of the 1st and 2nd order. ------------------------------ - big picture A full-fledged uptrend is expected to start when it rises above 29K. This is the 81K-95K range that we expect to touch in the next bull market. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
2
A period of volatility beginsHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the coin market is known. (USDT chart) (USDC chart) (BTC.D 1W chart) (USDT.D 1D chart) While USDT is gapping and maintaining an uptrend, USDC is gapping and trending down. It is unknown if funds are moving from USDC to USDT due to the issue with USDC, but the rising trend of USDT is expected to drive the coin market upwards. However, the continued decline of USDC may limit the rise of the coin market or cause a sharp decline. We need to check if it stays above 45.68 on the BTC.D chart. If BTC dominance rises above 45.68 and stays on the uptrend, the coin market is expected to move towards a bull run next year. If BTC dominance stays above 45.68, most altcoins are likely to move sideways or show a bearish trend, so we need to think about countermeasures. We believe this move is likely to continue until BTC reaches around 45K. The question is whether the USDT.D chart can start a decline below 6.21. Otherwise, if it rises above 7.27, the coin market is expected to decline again. Taking the charts of USDT, USDC, BTC.D, USDT.D, BTCUSDT, BTCUSDTPERP, and BTCKRW together, the next volatility period is expected to be around March 16, around March 20-24, and around March 29-30 It's possible. Thus, the period of volatility around March 16th is over. We need to see how it will affect the next volatility period around March 20-24 (up to March 19-25). --------------------------------------- ---------------------------------------- (BTCUSDT 1W chart) The key is whether the price can be maintained above the M-Signal on the 1M chart. If not, you should check if it is supported near the HA-High indicator. This is because if the price is maintained above the HA-High indicator, it is highly likely to continue the mid- to long-term upward trend. If it declines, it is likely to fall to the vicinity of the HA-Low indicator paired with the HA-High indicator. However, you need to make sure it is supported around 20862.47 which is the support and resistance point. (1D chart) Supported around 24376.02, 1st : More than M-Signal of 1M chart 2nd: 28923.63 or higher You need to make sure that the price can be maintained by rising 1st, 2nd or more times. If it falls below 22487.41, 1st: 21023.14-21853.06 2nd : 19176.93-20050.02 3rd: 17880.71 (up to 16.7K) It is necessary to check whether it is supported in the 1st to 3rd sections. The key is whether it can be supported above the M-Signal indicator on the 1M chart, around 26013.28-26560.0, and rise above 28923.63. If it rises above the 32259.90-37253.81 section, it is likely to show a full-fledged uptrend. Therefore, the 32259.90-37253.81 area is a very important support and resistance area. Therefore, if it falls after rising above 32259.90, I think it is highly likely to continue the uptrend if it is supported around 28923.63. If it fails to gain support around 28923.63, there is a possibility of a sharp decline, so a countermeasure is needed. Therefore, it is expected that a lot of money will be needed to rise above 28923.63. In line with this, USDT is showing an upward trend by creating a gap. In that sense, I think that being supported around 26013.28-26560.0 has an important meaning. Therefore, if it receives support around 26013.28-26560.0 or if the HA-High indicator moves and shows support, it is expected to rise around 28923.63. A period of volatility begins around March 20 (March 19-21). Therefore, during a period of volatility, it is better to check the target point or stop loss point you set once more while watching the situation with a margin rather than hastily trading. ------------------------------------------ (BTCKRW chart) It is necessary to confirm that it can be supported and ascended around 34820000-35539000. If not, 1st: 31024000-32042000 2nd: 28950000-29639000 You need to make sure that it is supported in the vicinity of the 1st and 2nd above. The next period of volatility is around March 29th. ------------------------------ - big picture A full-fledged uptrend is expected to start when it rises above 29K. This is the 81K-95K range that we expect to touch in the next bull market. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
2
Long 🤔 or Short 🤡Its funny seeing everyone posting about how ETH is about to fall off the face of the earth because of THEIR analysis... Well MY analysis is that shorts get wrecked and we go to 1500 and beyond. (From green zone) 😎 Mainly fundamentals at play here with Eth being more of a safe haven while USDC crumbles before our eyes, along with a contrarian outlook that every Joe and his Grandma are starting to short ETH so the market will take back from them little retailers shortly like every market does. Lots of FUD around at the moment and its at times like this I am happy to be a long term spot holder over options. DCA is your best friend on dips! I honestly can not see this going to 700, outrageous! Nor am I concerned about a decline as I love a fire sale! (I personally think we will close above 1550 by April 1st (Filling the gap in liquidity if you just look left)) What's your thoughts? Do you agree or not? Leave a comment and discuss!
BINANCE:ETHUSDLong
by XAUKilla
2
The final stage of a long-term bullish turn is...Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the coin market is known. (USDT chart) (USDC chart) (BTC.D chart) (USDT.D chart) If the USDT chart continues to rise while creating gaps, the coin market is expected to show an upward trend. However, if the downtrend line is maintained on the USDC chart, the rise may be limited. Also, at some point, there is a possibility that it will lead to a sharp decline, so it is necessary to check whether USDC turns into an upward trend. After the volatility period on the BTC.D chart, it rose to around 46.76. Therefore, if the upward trend is maintained, there is a possibility that altcoins may gradually move sideways or show a downward trend, so we need to think about countermeasures. We believe this move is likely to continue until BTC reaches around 45K. We need to see if it can fall to around 6.21 on the USDT.D chart. This is because the decline in USDT dominance is likely to lead to an uptrend in the coin market. Taking the charts of USDT, USDC, BTC.D, USDT.D, BTCUSDT, BTCUSDTPERP, and BTCKRW together, the next volatility period is expected to be around March 16, around March 20-24, and around March 29-30 It's possible. The first period of volatility, March 15-17, has passed. We need to see how movements in the first volatility period will affect the second volatility period, March 19-25. --------------------------------------- If the current uptrend is maintained, most indicators on the 1M chart are expected to move out of the overbought or oversold zone. This trend may lead to a move to realize profits, so you need to think about how to respond to it. The key question is whether such a move can cause the HA-High indicator on the 1M chart to decline. This is because if the price is maintained above the HA-High indicator, it is highly likely to continue the upward trend from a trading perspective. ---------------------------- (BTCUSDTPERP 1D Chart) As it rose above 27102.7, there was a rise that completely covered section B. Correspondingly, if the price stays around or above 25882.9-27102.7, I would expect it to rise above 28951.7. The 28951.7-32275.6 zone was a support and resistance zone before the big pullback. Therefore, if the price rises to this range and maintains it, it can be interpreted that there is a high possibility of a full-fledged uptrend. Therefore, the section 28951.7-32275.6 corresponds to the volume profile section. In order to maintain a full-fledged uptrend, there is one thing left to do to show an uptrend in the long-term trend of the coin market. That is what causes the HA-High indicator on the 1M chart to fall. Currently, the HA-High indicator point on the 1M chart is located at 43993.4. Therefore, there is a possibility that it will continue to rise to this point and reach it, but it is judged to be unlikely because it has to pass through many volume profile sections as the price rises. When the HA-High indicator on the 1M chart falls to a certain point, if the price is maintained above that point, I think it means that the coin market will rise in earnest. The HA-High indicator is formed from a combination of Heikin Ashi and RSI indicators (using Heikin Ashi's close value). Therefore, when the RSI indicator on the 1M chart rises to the overbought section and then falls, the HA-High indicator is more likely to move. Currently, the RSI indicator on the 1M chart is located around 45, but it is likely to show a big change depending on where this month's candle closes. Giving reasons for your analysis gives you confidence in your analysis. Sometimes, it seems that there are people who are reluctant to share their know-how with others by telling them the basis for this analysis. It takes a lot of trial and error to know someone else's know-how and make it your own. Therefore, you don't have to be afraid that the person will never see your writing again just because you share your know-how. The formula of the indicator used as the basis for analysis may not be disclosed, but I think it is very important to say what basis the analysis was made when analyzing the chart. (1h chart) The description of the 1h chart refers to trading in a short period of time that corresponds to scalping and same-day trading among the above. In this story, whether BTC goes up or down is not the focus. Therefore, you should not view and interpret this content with a mid- to long-term perspective. - Full-fledged 'LONG' position entered near 'L1' Entry point: When support is confirmed near 'L1', 25882.9 1st: Around 27102.7 2nd : 28951.7-30000.5 Trade close: around 32275.6 However, if it falls below the 1st point and touches the HA-High indicator or touches the 5EMA on the 1D chart, it is recommended to sell some or close the trade to preserve profits. If you touch the 2nd point, you can end the transaction when you want. The 'S1', 'L1', and 24294.1-25882.9 intervals are high-magnification box intervals. However, if the price is maintained in the 'SR' box section 24119.5-24517.2 or higher, it is highly likely to rise, so you should think about countermeasures. - A full-fledged 'SHORT' position entered near 'S1' Entry point: When resistance is confirmed in 'S1', 24119.5-24294.1 1st: 22421.2-23129.6 2nd: 20984.7-21826.1 3rd : 19411.7-20122.5 End of transaction: around 17864.7 However, if it does not fall below the M-Signal of the 1D and 1W charts, it is recommended to sell some or close the transaction to confirm profits. ------------------------------------------- (BTCKRW chart) You need to climb to the 37585000-40674000 section and see if you can get support. If not, 1st: around 35539000 2nd: Around 32042000 You need to make sure that it is supported in the vicinity of the 1st and 2nd order. ------------------------------ - big picture A full-fledged uptrend is expected to start when it rises above 29K. This is the 81K-95K range that we expect to touch in the next bull market. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
The next period of volatility is around March 20Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the coin market is known. (USDT chart) (USDC chart) (BTC.D 1W chart) (USDT.D 1D chart) While USDT is gapping and maintaining an uptrend, USDC is gapping and trending down. It is unknown if funds are moving from USDC to USDT due to the issue with USDC, but the rising trend of USDT is expected to drive the coin market upwards. However, the continued decline of USDC may limit the rise of the coin market. We are passing through a period of volatility on the BTC.D chart. This period of volatility runs through March 17th. We need to see if it stays above 45.68 during the volatility period. If BTC dominance rises above 45.68 and stays on the uptrend, the coin market is expected to move towards a bull run next year. If BTC dominance stays above 45.68, most altcoins are likely to move sideways or show a bearish trend, so we need to think about countermeasures. We believe this move is likely to continue until BTC reaches around 45K. It fell back to the 6.85-7.27 range on the USDT.D chart. So, the question is whether we can start a decline below 6.21. Otherwise, if it rises above 7.27, the coin market is expected to decline again. Taking the charts of USDT, USDC, BTC.D, USDT.D, BTCUSDT, BTCUSDTPERP, and BTCKRW together, the next volatility period is expected to be around March 16, around March 20-24, and around March 29-30 It's possible. Therefore, we expect the move around March 16th to be a prelude to volatility. --------------------------------------- The amount shown on the 1D chart is written as an example of one of the split trading methods. I think BTC below 29K is a buying zone for next year's bull market. Therefore, if you do not know how to proceed with the split purchase, it can be interpreted as meaning that you can proceed with the split purchase while increasing the proportion of your investment whenever the price decreases. Therefore, you can determine the proportion of the split amount according to the size of your investment. ---------------------------------------- (BTCUSDT 1W chart) The key is whether it can rise above the M-Signal on the 1M chart. If not, you should check if it is supported near the HA-High indicator. This is because if the price is maintained above the HA-High indicator, it is highly likely to continue the mid- to long-term upward trend. If it declines, it is likely to fall to the vicinity of the HA-Low indicator paired with the HA-High indicator. However, you need to make sure it is supported around 20862.47 which is the support and resistance point. (1D chart) Supported around 24376.02, 1st : More than M-Signal of 1M chart 2nd: 28923.63 or higher You need to make sure that the price can be maintained by rising 1st, 2nd or more times. If it falls below 22487.41, 1st: 21023.14-21853.06 2nd : 19176.93-20050.02 3rd: 17880.71 (up to 16.7K) It is necessary to check whether it is supported in the 1st to 3rd sections. As I said yesterday, we are currently checking the volume profile after the price surge. This confirmation is expected to hold unless there is a drop below 24113.88. The HA-High indicator is passing near the 24113.88 (close of the 13th of March candle). Therefore, if the price holds above the HA-High indicator, it is likely to break the recent highs. If it falls from the 24113.88 point (HA-High indicator), it is highly likely to fall to the vicinity of the HA-Low indicator paired with the HA-High indicator, so you need to think about countermeasures. From the short-term (1D) and mid- to long-term (1W) perspectives, it seems that we are ready to continue the uptrend. However, I don't think it is ready to continue the uptrend from a long-term (1M) perspective. Therefore, the wiggle for this is expected to continue. From a trending point of view, in order to continue the long-term uptrend, the price must maintain the price by moving above the M-Signal on the 1M chart. ------------------------------------------ (BTCKRW chart) The key is whether the price can sustain the price by rising above the M-Signal on the 1M chart. If not, 1st: around 31468000 2nd: around 29218000 You need to make sure that it is supported in the vicinity of the 1st and 2nd above. The next period of volatility is around March 29th. ------------------------------ - big picture A full-fledged uptrend is expected to start when it rises above 29K. This is the 81K-95K range that we expect to touch in the next bull market. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
3
Backfiring BondsTwo financial institutions, Silvergate Capital and Silicon Valley Bank (SVB), collapsed early last week due to a series of ill-fated investment decisions which were exposed by global interest rate tightening. The collapses came after the institutions invested large amounts of capital in long-dated US government bonds, which were considered relatively low risk. However, as interest rates rose rapidly to combat spiralling inflation, bond portfolios started to lose significant value. As a result, when cash demands got high enough, Silvergate and SVB had to sell those backing assets at substantial losses. Silvergate announced a $1 billion loss on the sale of assets in the fourth quarter of last year, while SVB lost $1.8 billion. In both cases, US Treasury bonds comprised large portions of the liquidations. SVB, once the 16th largest bank in the US, then announced a $1.75bn capital raising to plug the hole caused by the sale of its bond portfolio. As one would anticipate, this news resulted in a run on the bank's reserves, and two days later, the bank collapsed, marking the largest bank failure in the US since the global financial crisis. The US government has since guaranteed all deposits of the bank's customers, which has attempted to address concerns of widespread contagion and further runs on other banks' reserves. After the collapse of these institutions, the Federal Reserve announced the Bank Term Funding Program (BTFP), which will provide banks and other depository institutions with emergency loans. However, JPMorgan has since stated this program could inject as much as $2 trillion into the American banking system, which would nullify all hope of inflationary pressures easing. All of the talk in recent years has been about protecting the banking system from crypto. However, ironically, we had a situation where a digital asset had to be protected from the banking system. The SVB debacle caused USDC to temporarily lose its peg after it was revealed that its issuer, Circle, had $3.3bn wrapped up in a SVB bank account. The stablecoin fell to as low as $0.88 over the weekend before recovering after the US government's deposit guarantee was announced. These events have highlighted an underappreciated problem with increasing interest rates to reign in inflation. The issuance of new Treasury bonds with higher yields causes the market value of existing bonds with lower yields to decrease. As a result, all banks that hold a significant amount of Treasurys as legally required collateral are vulnerable to the same risk that has affected banks like Silvergate and Silicon Valley Bank. Recently, it looked as if the contagion effects had spread to Swiss banking giant Credit Suisse when their stock began to plummet after questions were raised about the banks' stability. However, since then, the bank has secured a £44.5bn lifeline from the Swiss central bank. The importance of this should not be underestimated. Credit Suisse manages assets in the region of $1.6 trillion. If the bank collapses, it could trigger a domino effect, bringing about a 2008-like crisis. All in all, it would be ironic if increasing interest rates failed to lower inflation but instead resulted in a number of banks collapsing as a result of their bad bets on treasuries. Despite this market turmoil, yesterday, the European Central Bank stuck to its plan and went with a 50bps rate hike meaning that Credit Suisse may not be out of the woods yet. In recent weeks, the market had been pricing in a 50bps rate hike from the Fed. However, the collapse of SVB and broader risks to the financial system may lead the Fed to raise interest rates by no more than a quarter percentage point next week, with some institutions such as Barclays expecting the Fed to pause all rate increases. Despite these events, in recent days Bitcoin has significantly outperformed markets. Since the 11th of March, Bitcoin is up over 20% whilst other asset classes are up between 0-2% with 10Y US Yields down around 4%. The key reasons for this most likely come down to the dampening of US CPI data along with the decreased likelihood of future rate hikes as a consequence of the events of the past week. Ironically, while inflation and bank crisis now look more likely, the expectation of more liquidity has provided risk-on assets, such as Bitcoin, bullish momentum.
by Coinrule
Volume profile check patternHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the coin market is known. (USDT chart) (USDC chart) (BTC.D chart) (USDT.D chart) If the USDT chart continues to rise while creating gaps, the coin market is expected to show an upward trend. The question is whether it can rise above the downtrend line on the USDC chart and create a gap. The key is whether it can rise above 45.68 on the BTC.D chart and stay there. If BTC dominance rises above 45.68 and stays on the uptrend, the coin market is expected to move towards a bull run next year. Accordingly, most altcoins are likely to go sideways or show a downward trend, so you need to think about countermeasures. We believe this move is likely to continue until BTC reaches around 45K. It fell back to the 6.85-7.27 range on the USDT.D chart. So, the question is whether we can start a decline below 6.21. Otherwise, if it rises above 7.27, the coin market is expected to decline again. Taking the charts of USDT, USDC, BTC.D, USDT.D, BTCUSDT, BTCUSDTPERP, and BTCKRW together, the next volatility period is expected to be around March 16, around March 20-24, and around March 29-30 It's possible. Therefore, we expect the move around March 16th to be a prelude to volatility. --------------------------------------- ---------------------------- (BTCUSDTPERP 1D Chart) Based on the point 22471.5, 1. As you ascend, 1st: 23937.1-24294.1 2nd : M-Signal of 1M Chart You need to check if resistance is received near the 1st and 2nd order above. 2. When it goes down, 1st: 20984.7-21826.1 2nd : 19411.7-20122.5 3rd: around 17864.7 (up to 16.4K) You need to make sure it is supported in the vicinity of the 1st-3rd order above. The 'SR', 24119.5-24517.2 section is the close-high section of the March 13 candle. If it shows support in this section, it is likely to rise. This is because these moves are likely to check how many people are willing to sell. In addition, since it spans around 24294.1, which is the volume profile section formed from section B, I think it enhances its meaning. These movements correspond to a pattern. If resistance is seen on the decline from 24119.5-24517.2, the pattern is broken and a sharp decline is likely. If so, a decline is likely around 21558.1, the point of the HA-Low indicator on the 1D chart. However, since the 22421.2 point is the HA-High indicator of the 1W chart, the role of support and resistance becomes stronger over time, so you should be careful as there is a possibility of receiving support around this point. By rising above the B section and above 24294.1, it shows a recovery of more than half of the decline from around 32K to around 15K. Therefore, if it starts to rise above the M-Signal indicator on the 1M chart, it is expected to rise around 28951.7-32275.6. (1h chart) The explanation of the 1h chart is about trading in a short period of time that corresponds to scalping and same-day trading among the above. In this story, whether BTC goes up or down is not the focus. Therefore, you should not view and interpret this content with a mid- to long-term perspective. The 'S1', 'L1', and 24294.1-25882.9 intervals are high-magnification box intervals. However, if the price is maintained in the 'SR' box section 24119.5-24517.2 or higher, it is highly likely to rise, so you need to think about countermeasures. - A full-fledged 'SHORT' position entered near 'S1' Entry point: When resistance is confirmed in 'S1', 24119.5-24294.1 1st: 22421.2-23129.6 2nd: 20984.7-21826.1 3rd : 19411.7-20122.5 End of transaction: Around 17864.7 However, if you fail to do so below 5EMA on the 1D chart or M-Signal on the 1D and 1W charts, it is recommended to sell some or close the transaction to confirm profits. - Full-fledged 'LONG' position entered near 'L1' Entry point: When support is confirmed near 'L1', 25882.9 1st: Around 27102.7 2nd : 28951.7-30000.5 Trade close: around 32275.6 ------------------------------------------- (BTCKRW chart) We need to see if we can sustain the price by moving above 32042000. In particular, the key is whether it can rise above the M-Signal of the 1M chart. If not, you should check for support near the HA-High indicator (31468000) on the 1W chart or around 29639000. ------------------------------ - big picture A full-fledged uptrend is expected to start when it rises above 29K. This is the 81K-95K range that we expect to touch in the next bull market. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
1
(Trend point of view) In order to continue the long-term uptrendHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the coin market is known. (USDT chart) (USDC chart) (BTC.D 1W chart) (USDT.D 1D chart) If the USDT chart continues to rise while creating gaps, the coin market is expected to show an upward trend. It is showing a decline on the USDC chart, creating a -3.75% gap. Therefore, I think it is showing a limit to the rise of the coin market. The question is whether it can rise above 45.68 on the BTC.D chart. If BTC dominance rises above 45.68 and maintains its bullish trend, the coin market is expected to move towards a bull run next year. If BTC dominance stays above 45.68, most altcoins are likely to move sideways or show a bearish trend, so we need to think about countermeasures. We believe this move is likely to continue until BTC reaches around 45K. It fell back to the 6.85-7.27 range on the USDT.D chart. So, the question is whether we can start a decline below 6.21. Otherwise, if it rises above 7.27, the coin market is expected to decline again. Taking the charts of USDT, USDC, BTC.D, USDT.D, BTCUSDT, BTCUSDTPERP, and BTCKRW together, the next volatility period is expected to be around March 16, around March 20-24, and around March 29-30 It's possible. Therefore, we expect the move around March 16th to be a prelude to volatility. --------------------------------------- ---------------------------------------- (BTCUSDT 1W chart) As it rises above the HA-High indicator, the possibility of continuing the mid- to long-term upward trend is increasing. If it declines, you should check for support near the HA-High indicator. (1D chart) Supported around 24376.02, 1st : More than M-Signal of 1M chart 2nd: 28923.63 or higher You need to make sure that the price can be maintained by rising 1st, 2nd or more times. If it falls below 22487.41, 1st: 21023.14-21853.06 2nd : 19176.93-20050.02 3rd: 17880.71 (up to 16.7K) It is necessary to check whether it is supported in the 1st to 3rd sections. If the 24376.02 point is the HA-High indicator point and it is supported at this point, it is likely to break the recent high. Therefore, it can be interpreted that the short-term uptrend is likely to continue. If it falls from the HA-High indicator, it is highly likely to fall to the vicinity of the HA-Low indicator paired with the HA-High indicator, so you need to think about countermeasures against this. Since it is around March 16 (March 15-17), which is the prelude to the volatility period mentioned above, it is better to check the supplements in the existing trading strategy rather than recreating the trading strategy in volatility. This is because creating or modifying your trading strategy when volatility is in the works can have a significant subjective and psychological impact on yourself. The volatility period on this chart, the BTCUSDT chart, is around March 20th. Therefore, it is necessary to see how movements after the volatility period around March 16th affect the volatility period around March 20th. From the short-term (1D) and mid- to long-term (1W) perspectives, it seems that we are ready to continue the uptrend. However, I don't think it is ready to continue the uptrend from a long-term (1M) perspective. Therefore, the wiggle for this is expected to continue. From a trending point of view, in order to continue the long-term uptrend, the price must maintain the price by rising above the M-Signal on the 1M chart. Therefore, rather than being impatient with the current rise in BTC, we recommend that you slowly proceed with your purchase according to your own buying method. This is because if you look at the current price range in the bull market next year, it is a good buy wherever you buy. If you do not have your own way to buy, 1. If the price is above the MS-Signal indicator, buy when the candlestick on the 1D chart is about to close with a falling candlestick. 2. If the price is below the MS-Signal indicator, buy when the candlestick on the 1D chart is about to close with a rising candlestick. We recommend that you check if you can use the method above. However, it is important to make sure that cash is not exhausted by proceeding with split transactions. ------------------------------------------ (BTCKRW chart) The key is whether the price can sustain the price by rising above the M-Signal on the 1M chart. If not, 1st: around 31468000 2nd: around 29218000 You need to make sure that it is supported in the vicinity of the 1st and 2nd above. ------------------------------ - big picture A full-fledged uptrend is expected to start when it rises above 29K. This is the 81K-95K range that we expect to touch in the next bull market. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
Whether the selling trend can be reduced is the keyHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the coin market is known. (USDT chart) (USDC chart) (BTC.D chart) (USDT.D chart) If the USDT chart continues to rise while creating gaps, the coin market is expected to show an upward trend. The question is whether it can rise above the downtrend line on the USDC chart and create a gap. It rose above 44.46 on the BTC.D chart. The key is whether it can continue its upward trend and rise above 45.68. If BTC dominance rises above 45.68 and stays on the uptrend, the coin market is expected to move towards a bull run next year. Accordingly, most altcoins are likely to go sideways or show a downward trend, so you need to think about countermeasures. We believe this move is likely to continue until BTC reaches around 45K. It fell back to the 6.85-7.27 range on the USDT.D chart. So, the question is whether we can start a decline below 6.21. Otherwise, if it rises above 7.27, the coin market is expected to decline again. Taking the charts of USDT, USDC, BTC.D, USDT.D, BTCUSDT, BTCUSDTPERP, and BTCKRW together, the next volatility period is expected to be around March 16, around March 20-24, and around March 29-30 It's possible. Therefore, we expect the move around March 16th to be a prelude to volatility. --------------------------------------- When I refer to volatility periods, they are periods marked using StochRSI and support and resistance points. Therefore, when the waves of StochRSI change, the volatility period may also change. The HA-Low and HA-High indicators created for trading are paired indicators. Therefore, when falling from the HA-High indicator, most of them touch the HA-Low indicator. Conversely, when rising from the HA-Low indicator, most of them touch the HA-High indicator. Therefore, if it does not rise above the HA-High indicator on the 1W chart, it can be interpreted that it is highly likely to touch the HA-Low indicator. It is expected to touch near the point where the current HA-Low indicator is located or near the moved point when the HA-Low indicator moves. ---------------------------- (BTCUSDTPERP 1D Chart) Based on the point 22471.5, 1. As you ascend, 1st: 23937.1-24294.1 2nd : M-Signal of 1M Chart You need to check if resistance is received near the 1st and 2nd order above. 2. When it goes down, 1st: 20984.7-21826.1 2nd : 19411.7-20122.5 3rd: around 17864.7 (up to 16.4K) You need to make sure it is supported in the vicinity of the 1st-3rd order above. It is seen that the coin market (BTC) has risen as a reflection of the issue of the US bank. We don't have to make predictions about the cause, process, or future of these phenomena. All the media are talking about what kind of economic impact these stories will have in the future, but in fact, the stories are not helpful at all in making my trading strategy. Rather, it is only likely that the trading strategy will be made in a strange direction by making subjective judgments. Therefore, as I always said, it is important to first think about how to respond to the movement of the chart and see if you can revise your trading strategy, rather than looking for the causes of price rises and falls. Then, when there is time left, then, it is better to look for circles of rise and fall or look at the articles. This rise touched the HA-High indicator on the 1D chart, around 24294.1. Therefore, it is necessary to check whether the price rises above this level and rises above the M-Signal of the 1M chart. If it fails to move higher, you should check for support near the 1W chart's HA-High indicator, 22471.5. If the price rises above the MS-Signal indicator and holds the price, the most basic way to buy is to buy when the candlestick on the 1D chart is about to close with a falling candlestick. This is one of the most basic buying methods that does not require any plotting on the chart. However, as a rule, split transactions must be made. So, if you're unsure of how to buy for next year's bull market, I encourage you to see if you can use this method. As long as the price stays below the MS-Signal indicator, you can buy when the candlestick on the 1D chart is about to close with a rising candlestick. Buying for next year's bull market should be done in earnest when BTC is below 29K. Therefore, even if the average purchase price increases, it is better to proceed with the purchase even at a partial amount if it suits the purchase method you have set. Currently, a shake-up is underway for the mid- to long-term trend reversal, so how to determine the split buy amount is important. (1h chart) The explanation of the 1h chart is about trading in a short period of time that corresponds to scalping and same-day trading among the above. In this story, whether BTC goes up or down is not the focus. Therefore, you should not view and interpret this content with a mid- to long-term perspective. The 'LONG' position, which was entered near 'L1' and 'L2', touched the second selling (trade end) point. Therefore, you can close the transaction whenever you want. However, if you touch the 5EMA of the 1D chart or the M-Signal of the 1D and 1W charts, it is recommended to close the transaction or sell part of it to confirm profits. If you touch the M-Signal on the 1M chart, I will tell you the trading strategy for entering a full-fledged position. Until then, the previous trading strategy remains in effect. The position entry trading strategy that requires quick response has been abolished by touching the trade exit point. So, I think it's good to rest until you touch 5EMA on the 1D chart. ------------------------------------------- (BTCKRW chart) We need to see if we can sustain the price by moving above 32042000. In particular, the key is whether it can rise above the M-Signal of the 1M chart. If not, you should check for support near the HA-High indicator (31468000) on the 1W chart or around 29639000. ------------------------------ - big picture A full-fledged uptrend is expected to start when it rises above 29K. This is the 81K-95K range that we expect to touch in the next bull market. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
Silicon Valley Bank and the crypto industry, what is going on?In recent days, our team of analysts and traders has had several in-depth discussions regarding the current situation facing the global banking industry, and we have come to the conclusion that there is no conclusion. SVB's bankruptcy has been particularly overblown in the media, and few have highlighted the fact that this credit institution had assets of less than 250 billion and that Tier1 did not even include assets available for sale. It was no coincidence that the regulators had not noticed the loss the bank was making due to the write-down of U.S. bonds. When start-ups and other cash-strapped tech companies demanded their money back, SVB had to sell its assets at a loss, and we already know the rest of the story. If we think about it for a moment, this problem should therefore affect all smaller entities, including certain DeFi financial protocols that are totally unregulated. To clarify, where do you think the dollars that cover the value of a Theter are invested? Here is where the risk becomes real. In summary, the problem lies in the instability of bond market prices, and the only way not to create an apocalyptic environment is to make sure that these realities can manage to sell their assets at least at maturity, otherwise we can say goodbye to these financials and with them many other businesses, even if they are related to other activities. What happened to USDC should give pause for thought: do you think the risks have disappeared just because stablecoin has reached the peg? The risks have not disappeared at all, only the capital loss of those who had USDC in their portfolio has disappeared, and that is not the same thing. Similarly, it scares me to see the enthusiasm of "crypto experts" rekindled after the BTC pump. These top investors are too busy tweeting and insulting the mainstream to realize that this situation could devastate the decentralized sector. Those who question whether the crypto sector or the traditional sector is better are asking the wrong question because apparently one is strictly dependent on the other, as our team has been trying to make the maximalists understand for years.
by cryptohubble
1
Coin markets driven by ETH are likely to be short-livedHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- The reason why I explain the USDT, USDC, BTC.D, USDT.D chart first is that it is judged that the price change of coins (tokens) can be predicted to some extent if the overall money flow of the coin market is known. (USDT chart) (USDC chart) (BTC.D 1W chart) (USDT.D 1D chart) On the USDT chart, it is maintaining an uptrend, continuously creating gaps. I think USDT is a stablecoin that has a great influence on the coin market. Therefore, the fact that USDT continues to rise while creating a gap means that funds continue to flow into the coin market. Therefore, even if the price goes down, it is likely to show an uptrend in the near future. In the USDC chart, I think the chart is broken due to the USDC issue. Therefore, it is expected that it will take some time to function properly. I am not sure why the BTC dominance is not rising on the BTC dominance chart. However, the decline in BTC dominance is due to the concentration of funds towards altcoins. Therefore, it is expected that altcoins are trying to defend their price as much as possible to survive. However, I think that when BTC starts to rise in earnest, funds will inevitably be concentrated in BTC. Therefore, we believe that the price of altcoins is likely to move sideways or decline. Since this phenomenon is expected to come out, I think it is time to focus on coins that currently have the lead in the coin market, such as BTC and ETH. BTC's full-fledged upward trend is expected to start around 29K, and the price movement of the altcoin mentioned above is expected to continue to around 45K. On the USDT dominance chart, it is showing a decline after receiving resistance in the section where it should be resisted. The question is whether this move can bring it down below 6.85-7.27. Taking the charts of USDT, USDC, BTC.D, USDT.D, BTCUSDT, BTCUSDTPERP, and BTCKRW together, the next volatility period is expected to be around March 16, around March 20-24, and around March 29-30 It's possible. Therefore, we expect the move around March 16th to be a prelude to volatility. On the ETHUSDT chart, around March 12 (March 11-13) is a volatility period, so you need to check the movement of ETH. If ETH leads the uptrend of the coin market, it is likely to be a short-term uptrend, so be careful. --------------------------------------- ---------------------------------------- (BTCUSDT 1W chart) The key is whether the price can rise above the HA-High indicator and sustain the price. Because if you fail to rise, there is a good chance you will end up falling. Still, it is showing a rise around 20862.47, which should be supported. If resistance is found near 20862.47, a decline near the HA-Low indicator is likely. (1D chart) The next volatility period is around March 20th. Accordingly, 1st: 21023.14-21853.06 2nd : 19176.93-20050.02 3rd: 17880.71 (up to 16.7K) It is necessary to check whether it is supported in the 1st to 3rd sections. The HA-Low indicator is rising and is about to be created. So, the question is whether the price can sustain it by moving above 21574.97. If it doesn't, it's likely to break the latest low. However, it is important to be able to get support around the 1st: 21023.14-21853.06, which can be said to be the middle section of the wiggling section for mid- to long-term trend conversion. 1st: The 21023.14-21853.06 section is a section that can be purchased from a mid- to long-term perspective. If the HA-Low indicator of the 1D chart is created in these sections, I think it is significant because it becomes a section that can be purchased throughout the entire investment period. The investment market, that is, the coin market, can be called a probability game (?). Therefore, there is a possibility that movement will come out in the opposite direction at any time, so it is necessary to respond to all trends, both upward and downward. In the probability game (?), it is analysts who make conclusions in one direction, and those who directly conduct transactions and individual investors must make countermeasures for both directions and respond to the movement. ------------------------------------------ (BTCKRW chart) It is necessary to check whether it can rise above the HA-Low indicator of the 1D chart to be newly created. The key is whether you can climb with support in the 27317000-29639000 section. ------------------------------ - big picture A full-fledged uptrend is expected to start when it rises above 29K. This is the 81K-95K range that we expect to touch in the next bull market. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
50000$ in the moment.Hi. Many people were surprised by the growth in the pair BTC/USDT, everything was going so beautifully at least to 19-18 thousand down. Where did this rally come from? From the panic caused by the situation with USDC, which in turn stems from the situation with Silicon Valley Bank. Voila! People wanted to get out of the USDC by any means, at any cost, with losses. In a moment the price reached $50,000!!! And that's a huge wick and that's it. That is, people were exiting bitcoin at a discount of 100%. Do you think this could mean real momentum? I'm sure the manipulators are still playing out the situation now, for those who don't get it...
by averkie_skila
7
SVB, Silvergate Collapse & Affect on CryptomarketHi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. In a twist of events, an incident that happened within the banking realm created chaos for the crypto realm. I bet you didn't have that on your bingo cards for 2023... In the past few weeks, there have been two significant bank failures in the United States that have sent shockwaves throughout the financial world. The collapse of Silicon Valley Bank and Silvergate Bank has sparked concerns about the stability of the banking system and the future of the crypto industry. The failure of these banks highlights the fragility of the financial system and the challenges faced by institutions that operate in high-risk sectors like tech and crypto. Silicon Valley Bank ( SVB ) was closed by the FDIC on March 9 due to its heavy losses caused by the downturn in technology stocks and the U.S. Federal Reserve's aggressive plan to increase interest rates. The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the US Congress in 1933 to maintain stability and public confidence in the nation's financial system. The FDIC provides deposit insurance that guarantees the safety of deposits in member banks, up to a certain limit. In the event that a member bank fails, the FDIC will step in to insure deposits, provide assistance to depositors, and liquidate the failed bank's assets. The FDIC also regulates and supervises member banks, as well as conducts research and analysis on the banking industry. Silicon Valley Bank bought bonds using customers' deposits, but the value of those investments fell as interest rates rose. This is usually not a problem for banks, but Silicon Valley Bank's customers were largely startups that needed cash. Venture capital funding was drying up, and companies were tapping their existing funds deposited with Silicon Valley Bank, which was at the center of the tech startup universe. In response to this liquidity crisis, SVB sold a $21bn bond portfolio at a loss of $1.8 billion. The bank attempted to fill the solvency hole with a combined equity offering of $2.25bn on March 8, but the attempt failed. This is the largest failure of a financial institution in the United States since Washington Mutual collapsed more than a decade ago. The closure of SVB had an immediate effect on some startups that had ties to the bank, as they scrambled to pay their workers and feared having to pause projects or lay off employees until they could access their funds. SVB , the 16th largest bank in the US, had assets of $209 billion, with more than 50% of its investments tied up in long-term securities, including exposure to the Silicon Valley tech and health startup world. The bank's sudden collapse has raised questions about its risk management practices, and the impact of its closure on its clients, who are largely startups and wealthy tech workers. The bank's large uninsured deposits and exposure to high-risk sectors like tech and crypto contributed to its downfall. But SVB isn't the only one... Silvergate Bank, which has been a significant player in the crypto world, has announced that it is closing and returning deposits. The bank's holding company, Silvergate Capital Corporation, stated that the decision was made "in light of recent industry and regulatory developments." The closure follows the loss of one billion dollars in a quarter after customers withdrew $8.1 billion, and a subsequent filing in March revealing even worse financials. The closure of Silvergate Bank is concerning for the crypto industry, as it may lead to companies turning to less regulated institutions for their banking needs, potentially making the space even riskier. Coinbase, Crypto.com, and Paxos have already started moving away from the bank. The collapse of the bank will likely draw scrutiny from lawmakers who are concerned about the crypto contagion affecting the traditional financial sector. The Silvergate Exchange Network, which allowed crypto exchanges like Coinbase, Gemini, and Kraken to move money between themselves and other institutions, has also been shut down. The bank's financial struggles have been ongoing for some time, with some of its high-profile clients like FTX and Genesis also experiencing challenges. Silvergate's collapse raises concerns about the future of the crypto industry, as companies may turn to less regulated institutions for their banking needs, potentially making the space even riskier for everyone involved. The bank's failure is also likely to draw scrutiny from lawmakers concerned about the potential contagion of the crypto industry on the traditional financial sector. Late Friday night Coinbase, a popular cryptocurrency exchange, announced that it would suspend conversions for the USDC stablecoin. This led to a rush of people trying to sell their USDC holdings, causing it to depeg from its value of $1 and trade as low as $0.87 before recovering to $0.92. Another stablecoin, Dai, also depegged and experienced a high volume of trading. Stablecoins are important in the cryptocurrency market as they provide a way for traders to move funds between different exchanges or cryptocurrencies without having to convert back to fiat currency. They are also used as a store of value by some cryptocurrency investors who prefer a more stable asset compared to the volatility of Bitcoin or other cryptocurrencies. If stablecoins depeg permanently, it could lead to a loss of confidence in their stability and reliability. This could potentially cause a sell-off of stablecoins and a shift towards other assets perceived as more stable, such as traditional fiat currencies. But before we panic too hard and FUD out, it's important to note that the impact of this crisis on cryptocurrencies such as alts and Bitcoin would depend on the severity and duration of the stablecoin depegging event, as well as other market factors such as investor sentiment and regulatory actions. In the past, there have been instances of stablecoins temporarily depegging from their underlying assets without significant impact on the broader cryptocurrency market. One notable example of a stablecoin depegging in the past is the case of Tether (USDT) in 2018. Tether is a stablecoin that is pegged to the value of the US dollar , with each USDT token representing one US dollar . In October 2018, Tether's price dropped below the $1 peg on several cryptocurrency exchanges, leading to concerns about the stability of the stablecoin. The depegging was attributed to a variety of factors, including regulatory pressures, concerns about Tether's reserves, and a general market downturn. The depegging led to a sell-off of Tether and a shift towards other stablecoins such as USD Coin ( USDC ) and TrueUSD (TUSD), which saw increased demand as traders and investors sought more reliable alternatives. Despite the depegging of Tether, the broader cryptocurrency market did not experience a significant impact, with Bitcoin and other cryptocurrencies largely unaffected. However, the incident highlighted the potential risks and uncertainties associated with stablecoins and their reliance on centralized institutions to maintain their pegs. In terms of price action for the immediate term, the Tether (USDT) depegging event in 2018 did have some impact on the cryptocurrency market prices, although the impact was relatively limited and short-lived. Following the depegging of USDT, there was a brief sell-off of Tether and a shift towards other stablecoins such as USD Coin ( USDC ) and TrueUSD (TUSD). This led to increased demand for these stablecoins, which helped to maintain their pegs to the US dollar . However, the broader cryptocurrency market, including Bitcoin , was largely unaffected by the Tether depegging. While there was some initial volatility and uncertainty, the market quickly stabilized and resumed its upward trend. 💭The collapse of Silicon Valley Bank is the second-largest bank default in U.S. history and puts the golden trifecta rule of banking (liquidity, solvency, and profitability) into review. This failure reminds us of the unintended consequences of unorthodox monetary policies, pandemic remediation measures, excessive leverage, and democracy eroding rulings. SVB had significant exposure to long-term securities and the Silicon Valley tech and health startup world. The bank's uninsured deposits pose a problem but insured deposits will be available as soon as Monday. The collapse of Silicon Valley Bank and Silvergate Bank underscores the need for stricter regulatory frameworks and tighter risk management practices in the financial industry. The failures also highlight the importance of diversification and risk mitigation strategies for banks and their clients. As the financial industry continues to evolve, it is essential that institutions keep pace with the changes and adapt their practices to ensure their stability and resilience in the face of future challenges. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
SShort
by CryptoCheck-
12
Analyzing Bank Liquidity: Key Charts to WatchThere is a lot of fear and uncertainty about bank runs right now, but fortunately, TradingView's charts give us objective and unbiased insight into the actual state of U.S. bank liquidity. In this video, I explain some key charts that you can use to analyze banking liquidity. You can add these charts to your Watchlist so you're always able to get a pulse on the current state of the U.S. banking system. Important Disclaimer Nothing in this post should be considered financial advice. Trading and investing always involve risks and one should carefully review all such risks before making a trade or investment decision. Do not buy or sell any security based on anything in this post. Please consult with a financial advisor before making any financial decisions. This post is for educational purposes only.
COINBASE:BTCUSD
by SpyMasterTrades
17