FTX
BNB Hidden Bearish Divergence as it Breaks TrendWe have a Bearish Bump and Run Reversal Top that is Breaking Down on BNB as we show Hidden Bearish Divergence on the Weekly Timeframe . It should first come down to the 100% Retrace at $6.475 but if that doesn't hold don't be surprised to see it come down to the 1.618 Extension at $0.361
:This is an the same setup as the original chart just altered to fit a more stable exchange other than FTX since every asset on that exchange seems to be making strange moves that don't represent the actual market value of the coins elsewhere.
The biggest week of the year (Bitcoin)In April 2022 I posted this TA below.
It turned out that triangle in that TA was the pico top of this year and i believe now we could be on the verge of a major breakout.
This ascending triangle could be just as important as that TA at getting a great entry.
So we have a ascending triangle , I love these patterns in Bitcoin they have one of the highest hit rates of any patterns for Bitcoin at least.
Three touch points to create the support structure and four touch points creating the resistance once we break and close above 17355 with good volume there is a high chance we push upwards to 1.618 Fib at 18500.
As you can see 18500 has alot of confluence from the previous range so first stop most likely would be here.
We are at the vertex of the triangle so by Friday 16th December 2022 the triangle ends and it will break before that date most likely because we have the last FOMC meeting Tuesday 13th.
These FOMC meetings play on everyones emotion so like all the other times we could see massive wicks on both ends before moving in the organic direction , stops will be hunted down for sure , this is why I shall wait till after FOMC and after a breakdown of triangle for entry .
Now a possible bear trap senario here coming into the FOMO meeting would look something like this
If it does wick down it will wick down to the previous VWAP close before heading back up.
So now comes to the most important chart the USDT dominance .
If you being following my TAs you know I have been saying for months once we break this white support line the relief rally will come right now we are to the coming to the vertex of this triangle and my reverse indicator on helkin ashi candles has signaled a reversal .
As you can see its pretty accurate indicator at calling pivots in momentum .
If we take a closer look at the two crashes this year June and Nov 2022 we can see that USDT dominance hit the exact same level forming a double top.
Indicator is also calling a reversal on the Bitcoin chart
Last time it signaled this was the bottom of last cycle.
we also have this amazing confluence crossover which so far is holding up.
This is a bar pattern from the cycle low of 2018 to the mid bull run of 2019 .
Now if we take the bar pattern from this section and overlap with current price action we can see that these two fractals look nearly the same.
Its a very important week for Bitcoin if I had to call it now I place my bet on a move to the upside but like always will wait for confirmation before doing anything.
DXY 22.12.14The dollar index is in the daily support range and it needs a pullback to the specified range to continue the downward trend.
This Analysis will be updated ...
Sadegh Ahmadi: @SDQ_Crypto
14. Dec .22
(DYOR)
❤️ If you apperciate my work , Please LIKE and COMMENT , It Keeps me motivated to do better❤️
🔥WHY SBF ARREST IS A BULLISH SIGNAL FOR CRYPTO MARKET❓🔥 Hi friends! This is finnaly happen: Sam Bankman-Fried was arrested in the Bahamas on Monday after US prosecutors filed criminal charges against him.
🚩 SEC charges Sam Bankman-Fried for conducting “a years-long fraud” in FTX.
Court filing claims FTX's founder 'orchestrated a massive, years-long fraud — diverting billions of customer funds for his own personal benefit and to grow his crypto empire.
📊 HOW WILL THE ARREST OF SBF AFFECT THE CRYPTO MARKET?
Let me remind you that FTX users lost about $1 billion and this is not yet the final information. But I think that FTX users lost the most not directly, but the entire crypto industry. Together with FTT, Solana fell, as well as many other crypto projects.
🚩 Bitcoin fell by 26% from $21,300 to $15,600. Most alctoins fell by 50%. The crypto market lost $280 billion.
✅ The arrest and trial of the former CEO should have a positive impact on the crypto market for one main reason: ALL FRAUDSTERS WILL BE PROSECUTED.
Now every owner and manager of any crypto company will know what illegal actions can lead to. Because of this, everyone will benefit and first of all users who have already lost a lot of money.
🚩 Perhaps the founder of Terra Luna Do Kwon will also soon be in court and will be punished by law.
📊 WHAT WILL HAPPEN TO THE FTX EXCHANGE?
The new CEO of the exchange John J. Ray III helped the huge company ENRON with debt restructuring after the collapse in 2000-2001. Perhaps the exchange will survive, but it will be extremely difficult to regain the trust of customers.
Bernie Madoff , cheirman of Nasdaq, whose fraud was recognized in 2009, sentenced to 150 years in prison. According to preliminary estimates, it is the largest financial fraud in history. The number of victims ranges from one to three million people and several hundred financial institutions, totaling about $50 billion.
🚩 If SBF's guilt will be proven, how many years in prison will he get? Interested to know your opinion in the comments.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
FTT/USD (FTX, Alameda Research). Main trend. The main trend. Time frame 1 week. Logarithm. Cycles are also shown.
Coinmarketcap: FTX Token
Note that the price is currently in the distribution zone. Over +1600% Which in case of a break-up (downtrend secondary) could act as a partial reset zone. The first potential target is shown.
In the case of a breakout of the neck zone (in the case of a return of the price)—temporary sadness. In addition to the currently existing trend line, I have also shown a future potential trend line (the direction of the main price trend) of the negative scenario, depending on the stopping in some of the zones shown on the chart.
Just for clarity, I overlaid the chart BNB/USD (Exchange Binance). Time frame and scale are the same.
This is what this zone looks like on a line chart.
Secondary trend.
FTT/USD Local work in the reversal zoneLocal trend. Bowl. Time frame 1 day. Logarithm.
Coinmarketcap: FTX Token
This is how this zone looks on the linear price chart.
Agree how beautiful. Beauty, even where it is not seen, must also be able to do.
This zone is in a secondary trend.
FTT/USD (FTX, Alameda Research). Secondary trend
FTTUSDT Don't trust this rise unless this line breaksThe FTX Token is having the best daily run since the exchange crashed one month ago and we see a lot of euphoria coming back to the market but be advised that you shouldn't get over-excited as, despite breaking above the 4H MA50 (blue line), the price is still range-bound inside the 1.175 - 2.100 25 day Rectangle. Only a break above 2.100 can be a buy and that's still limited to the 4H MA200 (orange line).
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BNX : BACK WHERE IT DID STARTS 2022 NEXT ONE?BNX, also known as BinaryX, is a project that supports the CyberDragon game on Binance Smart Chain (BSC). Initially, BNX was a decentralized protocol for trading derivatives, but the concept has since evolved to capitalize on the growing trend in the GameFi industry.
Recent developments with BNX have shown that the coin is potentially at risk for a free fall in the coming time. This is due to the lack of normal DCA transactions, as well as a potential breakdown of the structure that has been in place since the start of 2022. While this does not guarantee that BNX will experience a free fall, it is a potential risk that investors should be aware of.
In order to protect against this potential downside, investors may want to consider diversifying their portfolios and not putting all their eggs in one basket with BNX. Additionally, it may be wise to keep an eye on market conditions and make informed decisions based on the latest developments and trends.
Overall, BNX has shown itself to be a resilient coin in the past, but like all investments, it carries some level of risk. By staying informed and making smart investment decisions, investors can potentially mitigate the potential downside of BNX.
This is not trading advice, it's only a view of the market at this moment.
Time will show or it will breakdown or not.
OCEANUSDT SHORT POSITIONIts looks great for short entry because we have a lot of conformation on the down side the double top and the tringle downside breakdown and the market is in the down trend
AAVE going downquick rundown on AAVE but it looks like its going back to its origins. this downtrend will continue until this coin drops sub $30, only then would i consider it a proper value area buy. Watch out for the rejection shortly and more downside to come over 50% left on the downside. careful out there traders.
🔥🚩WHY AXS MADE +132% IN 5 MIN❓ $1M HACK❗🔥Hi friends! AXS was almost top gainer of this week, but seems like it's not because the "great development" or super event, that ussually pump such gaming coins. As it turned out, it was a hacker attack that allowed to steal millions of dollars from traders through API keys.
📊 HOW THE SCHEME WITH API KEYS WORK❓
1. Traders use the API keys to connect some platform with remote access to the Binance account. There are a lot platforms, I will not specify it here.
2. Some account accumulate AXS on exchange and set their stop-limit sell orders by 50-100% higher from the entry point.
The accumulation can take 1-2 weeks, because such coins has low liquidity.
3. Hackers enter your accoumt through the "hole" in API-keys and start to buy coins by market orders.
4. As such coins have low liquidity, the price easilly reach hackers stop-limits and now they have USDT with +130$ profit. "Legal" deposit, easy money.
🔥 Here the tweet of one victim to CZ and Binance about losing of $1M.
✅ This is not just a single case. I found at least 3 traders that got the same troubles with API keys. I think that is another bad case with the crypto exchange.
🚩 It looks like an attempt to discredit the crypto exchanges, as after the fall of FTX someone wants more "blood" on the market.
It is good that CZ and Binance support reacted to this news in time and it did not become so widely known. As far as I understood from the story of one participant, Binance will refund🔥 the money to its users, but previously blocked their accounts for some time to avoid the repeat.
📊 TECHNICAL ANALYSIS
The price don't pay attention to this spike and continue to follow BTC movements. The most possible AXS's movement is pullback to the $12-13 value area.
📊 Precondition to open a long:
1. squeeze to the trendline
2. local manipulation with sl collection
3. bullish BTC
🚩 I personally use DOM and Footprint. These scalping toold help me to identify the whales buy/sell orders and
✅The 2 main targets for AXS:
🔥 $8.7-9.4 - the value area
🔥 $12-13 - the value area and local highs. Strong resistance for the price
✅ Traders, do you know about this case before? Maybe, you have additional information about this hacks. Share info about it in the comments!
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade
✅RETAILERS ALREADY FORGET ABOUT SHIBA INU! 3 TARGETS🔥🔥 Hi friends! A lot of traders already forgot about the meme coins such as SHIB and DOGE. It's very good for the petience and profitable traders as we are. I metioned the $0.00079-84 velue area as the support in the previous trading plans on SHIB , so the price was stopped there.
✅ BUT in this idea I want to show you the best entry point before the SHIB will pump.
Just take a look to the SHIB most common pump pattern. I'm sure you neve mention it. After the some consolidation in the 5-10% range, SHIB making a huge pump. It as in 2 cases before, I think that this time the pattern will work well. We just need to find the best entry point with high RR and short sl.
🚩 It worth to add that on every PUMP the whales🐳 sell thie coins (just take a look on volume indicator). This situation is really visible on such centrilized altcoin such DOGE and SHIB cause they have 20-30 biggest wallets that hold 50-70% of all coins. Of course, they want to sell it.
📊 The trading plan to open a long:
🔥 accumulation in a 5-10% range
🔥 squeeze to the trendline
🔥 huge buy order on DOM and Footrpint by the whales
✅The 3 MAIN targets for SHIB:
1. $0.001 - the key level
2. $0.00116-125 - the value area
3. $0.00137 - local highs and key level
Traders, book the profit by parts, because trading is about making money and not close your trades at loss and breakeven.
🚩Do you agree with my targets or think that altcoins will fall? Write your thought in the comments!
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
2 TradingView Strategies for trading crypto:The BarUpDn StrategyTrading cryptocurrency could be highly rewarding using the right indicators and TradingView strategies. A TradingView strategy is a script that can send, modify and cancel buy and sell orders when it recognises specific conditions on the chart. In addition, strategies allow traders to carry out back testing to expose the validity of a strategy while on TradingView charts.
There are numerous strategy options available on the TradingvView. We shall consider two of such strategies in this article: The BarUpDn Strategy and the MACD Strategy.
The BarUpDn Strategy
This strategy continuously checks any quick price changes in the market for the cryptocurrency pair you are monitoring before deciding to go long or short. In addition, the BarUpDn strategy uses the color of bars or candlesticks in its analysis.
Before entering a long position using this strategy, the current candlestick or bar must be green. That is, the close of the current candlestick is larger than the open, and the open of the current candlestick is above the close of the previous bar. For a short position, the current candlestick will be red. By this, the open of the current red candlestick is below the close of the bar that proceeds it.
In this strategy, the moment the percentage loss exceeds the amount specified by the indicator for the day, all opened and running positions will close.
The MACD Strategy
MACD stands for Moving Average Convergence Divergence. It is widely used by active day traders. MACD strategy indicator on TradingView works on three components: Two Moving averages and a histogram. The two moving averages are essentially Exponential Moving Averages (EMA's lines). The main line is the slow line, which is the MACD, while the second is faster and is the signal line.
When the two lines come together, we call this convergence, and when they are away from each other, we call this divergence. The histogram serves the function of showing the difference between these two moving average lines. The zero line on the histogram is the point where the price of the cryptocurrency pair's momentum is zero. The histogram grows larger when there is a rapid change in the price in the upward direction. At the same time, it shrinks when there is a deceleration in the crypto asset price.
There are three ways a crypto trader could use the MACD strategy indicator on TradingView. They are Crossovers, Histogram Reversals, and Zero Crosses. The Crossover strategy is a lagging strategy because it is based on holding until you see a price movement before opening a trading position. The Histogram Reversal is a leading strategy as it depends on general trends from historical data for trade entry and exit. Finally, the Zero Crosses approach uses the EMAs crossing the zero line as a basis for trading decisions. When the signal line crosses the zero line, it is said to be in an uptrend, and a downtrend when it is below the zero line.
FTX's collapse raises concerns for crypto-related stocks Bahamas-based cryptocurrency exchange FTX's filing of Chapter 11 bankruptcy on Nov. 11 have sent stocks of financial services companies dealing digital assets tumbling, further reducing the already dented confidence for the cryptocurrency industry.
According to Bloomberg News-compiled data, the implosion of FTX, which at its peak was the third-largest cryptocurrency exchange, and its spillover effects have wiped out nearly $5 billion in value across a range of other companies.
FTX filed for bankruptcy less than 48 hours after a supposed rescue takeover from rival Binance. After news broke of the company's collapse, Binance CEO Changpeng Zhao warned of the potential negative impacts of the event on the cryptocurrency industry, saying, "a lot of consumer confidence is shaken, and I think basically it sets us back a few years."
Indeed, not long after the filing of bankruptcy, the event has taken a toll on the shares of financial services companies involved in the trading and management of digital assets.
The aftermath
Some of the apparent publicly-listed victims are Robinhood (NASDAQ: HOOD), MicroStrategy (NASDAQ: MSTR) and Galaxy Digital Holdings (TSX: GLXY), all of which have fallen at least 15% the week of FTX's bankruptcy filing. Another company affected was Silvergate Capital Corporation (NYSE: SI), which posted a record decline after news broke of FTX's collapse.
More than a week following the event, the price of Bitcoin dropped to $16,132, causing a decline in the stocks of Coinbase Global Inc. (NASDAQ: COIN) and other crypto-related listed companies.
Meanwhile, Cointelegraph's tracking of companies up to Nov. 17 showed that the event also affected institutional trading firm Genesis, blockchain financial services company Galaxy Digital, venture capital company Sequoia Capital, hedge fund Galois Capital, crypto lending firm BlockFi, exchange Crypto.com, investment firm Pantera Capital and crypto lender Nexo.
On Nov. 29, BlockFi also filed for bankruptcy, citing significant exposure to FTX.
Tougher regulations to follow
"With FTX going down, we will see cascading effects. Especially for those close to the FTX ecosystem, they will be negatively affected," warned Binance's Zhao.
He said the industry will likely face more regulatory scrutiny focusing on capital requirements and handling of deposits, which he thinks is "probably a good thing, to be honest."
In a research report, JPMorgan said the collapse of crypto exchange FTX and sister company Alameda Research would likely prompt the acceleration of crypto market regulatory initiatives already underway. JPMorgan expects the FTX bankruptcy to also elicit a greater sense of urgency for regulation in the US, which is something that may actually help crypto-related stocks avoid future FTX-like shocks.
November 30 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
According to the 2022 German Blockchain report published by CV VC Labs, the European country has a 22.8% share of all Ethereum nodes, while the United States leads with 45.3%. Bitcoin is up 4.04% over the last 24 hours and rose to an intraday high of $16,955.00. The largest cryptocurrency reached the 20-day EMA of $16,913 today, suggesting the bulls are attempting to establish a relief rally. If the BTC/USDT pair maintains above the 20-day EMA ($16,913), the pair could rise to $17,200.
Today’s Cryptocurrency Headline
BlockFi Has $355M in Crypto Frozen on FTX
Kirkland & Ellis partner Joshua Sussberg said in New Jersey bankruptcy court on Tuesday that BlockFi currently has about $355 million in cryptocurrencies frozen in FTX. Additionally, BlockFi provided $671 million in loans to Alameda Research. Sussberg told Judge Michael Kaplan that he anticipates the process of recovering BlockFi’s funds from FTX will “play out over a long period of time.” and whether those funds will be recoverable is another question entirely.
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