The Truth About APTOS! I've been following apt for about 6 months. I also airdroped. Aptos was designed to replace sol. Don't get me wrong, it's for manipulation, not technology. Apt team will never let you say anything critical in dc. They instantly silence you. The CEO of apt said ftx does not have apt, but ftx is one of apt's early investor. I saw it with my own eyes on apt website and dc channel. Ftx and alameda participated in the investment tour. This information was available on the Aptos website but has been removed. The CEO also confirmed this in the previous interview, and now they are denying it. I know that coins will be received by ftx are locked for now. From the name of Aptos to its early investors, everything is a copy of Solana. They were going to do the pump made by solana last year but the ftx scam has been exposed. Now think twice. Apt is Facebook's crypto version.
FTX
November 19 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
According to Circle's official website, over the last seven days, the amount of USDC in circulation, as of November 16th, has increased by about $2 billion, or about 4%. Bitcoin is down 1.74% over the last 24 hours and fell to an intraday low of $16,529.69. The largest cryptocurrency continues to trade in the $16,000 - $17,000 price zone as investors remain cautious to assess the negative impact of the FTX crisis on the cryptocurrency industry. If another large cryptocurrency company becomes insolvent, the BTC/USDT pair could retest the November 9th low of $15,588.
Today’s Cryptocurrency Headline
Sui Testnet Wave 1 Goes Live
According to the official announcement, Sui, the Layer 1 public chain developed by Mysten Labs, announced the launch of Testnet Wave 1, which focuses on operators, especially validators and full-node operators. The Testnet Wave 1 network will run for approximately two to three weeks and will be closed when the goal is achieved. This is the first instance of a Sui Network working with non-Mysten Labs operators, and an important step towards a decentralized Sui Mainnet.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
Bitcoin and Exchanges - Well... there it is.I've been saying it for years now, exchanges are your enemies and they need more oversight. If there is one that may stand out amongst the pit of global snakes is Binance. As of now, they seem to be carrying the burden of proof. They need to prove that there is a trustworthy centralized crypto exchange. They are no saints but they are ok at self-policing. FTX C-suite was trading against its own users. They had software that was internally used to just steal your money, no shame, no oversite, no morals, no accountability, and no consequences.
This asset class for now will be frozen in place, it will take a while for the dust to settle and for optimism to come back. Even though this is baked into the plan, this time it might have crossed the line and backfired.
Looking at the weekly timeframe you can see that for the 1st time since 2013 BTC has never closed below the white trendline. For the first time, Bitcoin may be looking at a true bear market. We've seen long-term pullbacks but the trendline has always offered support. We are now stuck under that incredibly strong resistance and we truly lack optimism in this asset class as we've never seen before. I have started my decentralization plan. Over 50% of my assets are now in a self-custodial wallet. I'm putting short and mid-term trades on hold until I see which exchange will stay alive and which will fall. I don't think we've seen the last domino fall yet. Stay safe friend.
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Smart money dumb tradesThe major issue with 99% of retail, is that they seek tops and bottoms. They watch a video or read a post and DIVE not knowing, or understanding some simple logic.
To be a successful trader you need a level head. As soon as you realise profits are made in a range and not by trying to time market tops and bottoms, there more you succeed. There are thousands of techniques out there, some that have a high hit rate, others that don't, some are complex and some are simple. In instruments such as Bitcoin - you also now have tools such as on chain data. The issue is and will always be, liquidity. Money is made by someone else losing!
Retail will see things like Elliott wave and dismiss it - "ah it's old, ah it's broken, ah I don't get it..." We as humans can find the good, the bad and the ugly with all techniques.
All we are really trying to do is, re-affirm our personal opinions, defending loyalties and find angles to attack anything that is not aligned with our desired outcome. Hindsight equals the ability to explain the past but in doing so, creates an illusion that we "now understand" it all makes sense. People don't understand because they cannot explain it. Regardless of wanting to or not. Our own unique perspective is built on our own unique experiences - trying to make sense of the complicated situation.
The reason I talk about this - is that when you only take snippets of data from one source, or worse, several sources. It's so easy to get confused and mix up your own beliefs. In this current BTC scenario - people are desperate for a bottom to be in. It's all they seek, so when an influencer or educator mumbles the words - bottom, they assume it's to the moon we go. Thus, supporting the personal belief and desire.
Every professional trading strategy, requires confirmation. If the expectation is we rise from here - we need logic as to why? if it is we are likely to drop - then, what's the reason for that drop?
Over the last 2 years, I have made some of my Bitcoin calls public. There is a lot more behind the scenes that does not get posted, so what you should not do is - read a small percentage of a post or watch the first few minutes of a live stream and dive in. Your missing the bigger picture!
This doesn't just apply to my posts - this is in general. This will help you in the long run. You need your own level of understanding for the logic behind the move.
I can show post like this back in March this year;
And the outcome was as predicated -
We grabbed liquidity and dropped seeking a better accumulation range.
I've talked about value areas - this post goes back another year...
The outcome -
For me, it's knowing the "why".
The lesson here - is no obtain a bias of your own. Work on that to see inside the move.
My view is pretty much as I have talked about this last 14-18 months...
We have seen some stopping action.
Now you look out for a range -
Obvious liquidity in this zone.
So this is 100% a lesson and not a call. Now look at the range in detail, you will see a fair value level hidden in there.
Same goes for knowing the "why" - as Bitcoin becomes more institutional, it becomes more and more respectful. But as it does, tops and bottoms are still not what your targeting. Look at this from Feb last year from the first rally all time high.
Look at the post date.
These things are playing a game - it's all about understanding the rules.
On the way back up from the low shown in March last year, why would there be evidence for a truncation?
This image was the 24th of August. We go on to climax just above the 65k region...
Liquidity is the name of the game..
This post is the first in the Liquidity series of posts here on @TradingView
Have a great weekend!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
SPY IS BREAKING OUT...Again as this is a 4th-wave we will see plenty of swings.. that is why I did not trade until I saw a "bottom was in" for this wave. Looking at the pre-market we are sitting above $397 and showing strength towards our first level of $411. Some may be wandering what those red lines are for... those are my support lines I draw on a bigger time frame along with fib levels to help with confirmation. I don't just rely on Elliott Waves and Fibs... I feel support and resistance are key to know also.
How Sam Bankman got Fried Hi Traders, Investors and Speculators 📈📉
Losing $22 Billion in one day is probably a record for the books. Let's take a closer look at the Sam Bankman-Fried story...
At 30, SBF is(was) the youngest billionaire in the US. In 5 years, he managed to start the fastest growing DEX (FTX), as well as Alameda Research. He is also well connected. VERY well connected, with political ties to big names such as actors including Tom Brady, Naomi Osaka and financial institutions including Coinbase Ventures and Binance Labs. So how is it then that he got burnt and lost it all overnight? Let's take a closer look at the intricacies.
First, let's take a closer look at just how big and interconnected FTX really was:
💰 44 Active investors deposit $1.8 Billion in just a year
💰 Celeb Ambassadors including actors such as Stephen Curry, Tom Brady and Naomi Osaka
...hopefully we've learnt our lesson about trusting actors on crypto with Matt Damon on BTC and Ashton Kutcher with his XRP endorsement right before major crashes.... no?
💰 FTX has a combined value of $40 Billion in 2022
💰 FTX sponsors Mercedes in F1
💰 FTX sponsors Major League Baseball, FTX printed on all shirts (guess who's getting a new wardrobe...)
💰 Fortune Magazine Face - "Next Warren Buffet"
After the SEC forced shutdown in 2018 of crypto exchange broker 1Broker, many crypto moguls decided to take their companies elsewhere. This is also true for Sam, who decided to open FTX in Hong Kong later moving to Bahamas, away from the restrictions and regulations of the US. Binance followed a similar path, later moving it's company from China to Cayman Islands. SBF continues to keep favor with the US as he makes large contributions to Joe Biden's campaign, over $11 million. He reportedly spent over $47 million supporting democratic political campaigns. SBF networking progresses and he often testified to congress about how crypto regulations should proceed, even though he moves his business to the Bahamas (not the US). He positions himself as the voice of reasoning for the future of crypto regulations. During 2021, SBF reaches the peak of his wealth and fame. He nd 9 other youngsters are leading the FTX empire from the penthouse in the Bahamas.
Some say he became overconfident, others say he was sloppy. It seems as though the start of his downfall was due to Rival, CZ from Binance. Back in 2019, CZ hinted on Twitter that SBF was involved in an attempted attack on Binance futures platform. CZ later drives down the price of FTT by publicly stating their exit from FTX after "certain revelations came to light". SBF responds with a tweet "you won, well played".
When the bear market arrives late 2021, SBF is portrayed as a saint as he "invests hundreds of millions" in companies such as BlockFi, Voyager and Celcius whilst they face liquidity problems. A research report from September 2022, reveals a different story. He, infact, invest miniscule amounts or even nothing at all to help these companies! But this article does not make headlines, yet. Then a whistle blower breaks the news - Alameda Research uses $10 billion of customers FTX funds to make a risky investment, which is totally illegal. This is the complete opposite of the terms and conditions on his website as well as the opposite of what he said to Congress during his talks about how regulations should be. This is where the saying "not your keys, not your crytpo" shines. Crypto users and SBF fans are heart broken... How could he??
The final blow: Recently, continuous rivalry on crypto twitter between CZ and SBF fuels the price drops on FTT as CZ claims to sell all remaining tokens. Alameda Research (one of the 9) jumps in and claims to "buy back" whatever CZ has left to sell. But then, another stroke of bad luck - the balance sheets of Alameda Research leaks. As it turns out, they have NO liquidity, especially not enough to make any FTX buyback. And so, overnight, the price drops a whopping 89% and there goes most of SBF's wealth.
Final Thoughts...
If you're smart enough, have the right support structures and a great PR team, you can grow your fortune with fake virtue signaling. Infact, many philanthropes ( unlike Jeff Bezos 's ex wife whom you probably don't even know about ) will only donate when the camera's are on. They also ensure that they are highlighted as kind hearted saints by the media. They do whatever it takes to hide all the corruption and money laundering behind the scenes. SBF was portrayed as the humble, young billionaire face op crypto, and everyone wanted him in their corner due to his trading brilliance and profitable partnerships. Sometimes, however, when the bad deeds start outweighing the good ones exponentially, it becomes increasingly hard to hide the true events from the public .It has, somehow, come to light that instead of being a humble and charitable public servant, SBF was the leader of a group of kids living the highlife in a penthouse in the Bahamas. Misusing funds for corruption and illegal activities including but not limited to money laundering. And so came the fall of Sam Bankman Fried. His downfall involves deception, illegal activities, large political contributions and the misuse of customer funds. It is noteworthy that most of his wealth was in FTT, native crypto to FTX decentralized exchange (DEX) .
💭...This is no uncommon thing. Many people do the same illegal stuff, probably even on a larger scale but somehow, SBF got burnt. You can't help but wonder... Who Fried Sam Bankman ?
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CryptoCheck
2022 SOL dump vs 2021 ETH dumpETH 2021 COVID Dump
vs
SOL 2022 FTX Dump
Watching this potential #fractal:
1) 60% down move with 5x+ normal volume (Capitulation Volume) and Bullish Divergence.
2) Descending Triangle formation.
3) Breakout of Descending Triangle + Mark-Up (?)
Key for this fractal is $12 needs to hold and need volume expansion out of this LTF downtrend.
#SOL
- @CryptoCurb
Would Look To Enter This JanuaryJust messing around. If I had to make predictions I would say we could see BTC trading around 10-12K (JANUARY 2023) then 33-37K (JANUARY 2024) and then 125-135k (January 2025). Purely speculation but I wouldnt be surprised if it played out this way.
Not financial advice
Thanks for viewing my post!
The TRICKY SPY won again...Ahhhh the good ole 4th-wave everyone loves. Many were calling for a push down and grabbing puts.. congrats to those that sold in the morning... but for many retail traders they think that initial push down for the day will last... then they are now in the loss. Everything is still in play with these fib levels, I like the bounce we have put in so far. Lets see if it will continue.
🔥NEXT CARDANO MOVE BY +40%🚀🔥 Hi friends! Seems lika Cardano as many other altcoins show the weakness. A lot of things depends on BTC mood, especially on the bear market. If you are beginner and it's first your bear market, you should learn carefully what I said in previous and upcoming ideas.
✅ A lot of people can confuse their trading skills to the bull market, but the bear market clearly give you the undertanding of trading and force you to open eyes widly.
📊 THE MAIN PRECONDITIONS TO OPEN A LONG:
🔥 squeeze to the trednline
🔥 local manipulations by the whales: spike, sl collections, false breakout of $0.31 key level
🔥 bullish BTC
🚩 Just take a look on the volume indicator. The buyers were liquidated after the previous liquidations of sellers. This PUMP-DUMP works perfectly for the whales.
I use DOM and Footrpint to track such manipulations on the chart and open the treades with the whales in time. Very useful indicators that can increase your winrate by 25-35%.
✅ THE TARGETS FOR CARDANO:
1. $0.38 - the key level
2. $0.40-0.41 - the value area
3. $0.44 - the ley level and local high
Traders, don't forget about booking the profit by parts. Trading is about making money and not about close your trade at loss or breakeven.
💻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
High risk short trade (Bitcoin)High risk short trade here , bearish continuation pattern , target of a breakdown of this triangle would be 13.8k.
Volume declining rapidly.
1.618 Time Fib hits in 3hours and 15mins from this TA , that's 5pm UTC +1.
13.8k target is a interesting number because it is infact the 618 level from the last cycle .
Which could drop down to his zone.
There many confluence areas and angles to draw this support line really , lets see what happens a close under this triangle would signal to the move.
Monday DXY will pump in response to FTX and crypto market woesthis is what I think... big money rests this weekend letting what all info will shake out...
there is bullish divergence in many charts, but to me, the only one it currently makes sense under is DXY
not sure what it looks like, but the next wave down of crypto market cap will serve DXY..
even with rates increasing at a slower rate, this broader movement downwards likely only a correction before heading back up anyways..
BTC Covid Crash vs FTX CrashPublishing to track this possible Bitcoin fractal.
BTC COVID Crash
vs
BTC FTX Crash
$16k needs to hold for fractal to stay active.
Most bottoms form on big players getting wiped out, huge volume capitulation candles. Both instances had volume over 3-4x normal volume at the bottom.
We all know what happened after this last $BTC dump to $4k on COVID lockdown news.
BTC BTCUSD Bitcoin BitcoinUSD
-@CryptoCurb
$BTCUSD: Monthly view...Friendly reminder that the trend is down long term...Here's how the monthly chart looks in $BTCUSD as of right now. Unless this month's range is wiped out, you can expect continued downside for months to come with substantial certainty. Don't fight the trend, remember what Old Turkey would say: well, it's a bear market after all. So much filth is gradually being exposed, and a lot more dominoes will fall into place if we continue falling:
Miner capitulation: no sign of abating, will accelerate below 14200 (see all earning reports for publicly traded mining firms, all at risk due to being leveraged long $BTCUSD with $BTCUSD / ASIC collateral pretty much. Tough time to service debt with higher rates, and less availability of credit. (rising credit spreads) They might be forced to puke out of their Bitcoin positions at whatever price...
Saylor at risk below 13500: $MSTR might be at risk of collapsing the lower we go, which charts suggest we will, can cause a flood of supply hitting the market, same as miners selling or worse.
Mt Gox repaying creditors?
Contgion is the name of the game: 3AC, Terra, FTX, BlockFi, Genesis... Silvergate next? Tons of bad credit and leverage built into the system are gradually being unwind, nowhere near done.
Regulatory risk increasing by the hour.
Stablecoins at risk as well...Talk of CBDCs accelerating, which might or might not matter much, but worth monitoring.
What am I missing?
Feel free to comment with interesting bits and pieces of info so that we can complete the puzzle here. It's in flux but the trend is clearly not positive for crypto here.
Best of luck!
Ivan Labrie.
Crypto is about to drop again
Bitcoin but also the other major cryptocurrencies, shows the same chart pattern: convergence towards a significant move in the next 48 - 72 hours.
The reason: the uncertainty surrounding the FTX incident.
If the market doesn't receive enough confidence from the other major crypto exchanges - we will see another drop in the coming days.
Bitcoin - The FTX's domino effectWith BlockFi added as another troubled company to our long list, we continue to be bearish on Bitcoin and the overall cryptocurrency market. We believe that FTX's domino effect is still underway, and more companies will start coming forward to announce damages incurred in this cryptocurrency exchange fiasco. As a result, the industry will see the rise of more regulation in parallel to the 2008 crisis and Lehman Brothers' bankruptcy.
In our opinion, that will lead to the final capitulation in the market and drag the price of Bitcoin much lower from the current level. Over time, however, it might be positive as it will increase transparency and provide more safety for a consumer, potentially luring more institutional players and mass adoption. With that being said, we do not expect it to happen right away or anytime soon.
We believe Bitcoin and other cryptocurrencies still have a long way to go before reversing their primary trend. Accordingly, we stick to our price target for BTCUSD at 15 000$.
Illustration 1.01
Illustration 1.01 displays the daily chart of BTCUSD. The yellow arrow indicates a bearish crossover between 20-day SMA and 50-day SMA; now, these SMAs act as alternative resistance levels.
Technical analysis - daily time frame
RSI, MACD, Stochastic, DM+, and DM- are bearish. Overall, the daily time frame is bearish.
Technical analysis - weekly time frame
RSI, MACD, and Stochastic are bearish. DM+ and DM- are also bearish. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
ETH:If we break we buy!!Ethereum
Intraday - We look to Buy a break of 1346 (stop at 1293)
Prices have reacted from 1070. A break of the recent high at 1345 should result in a further move higher. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. 1344 has been pivotal.
Our profit targets will be 1479 and 1499
Resistance: 1280 / 1300 / 1345
Support: 1250 / 1220 / 1200
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FTX - A Failure of Crypto, or Fiat?Binance recently announced that they will not be going forward with FTX's bailout - so the future of the company and its holders still hangs in the balance. (The FTT token has been removed from this site since, but last I checked it was down 95%+.) Is this the "end of crypto"?
Well, not quite - MATIC, ATOM, DOGE, ETH, LINK are still in up in the last 6 months, despite the recent drop, highlighting the fact that the fact that the appetite for taking bets on the crypto market is still there. Given that the recession woes are still there, many are likely still on the sidelines waiting for the market to bottom out before deciding to get back in. The downturn was expected, but it's also possible to make the argument that the industry is still doing better than expected.
Here's the tricky part: the FTX scandal is triggering for a lot of people in finance because FTX had their hand in basically everything: crypto, fiat, regulators, celebrities, political parties (SBF and his families have strong ties to the Democratic Party, as records show), the media, and the banking system - both old and new. Unlike previous scams/scandals (e.g. Mt. Gox), FTX had the buy-in of mainstream money and institutions (including regulators) which also calls into question the effectiveness of the institutional safeguards as well.
Who's fault is it? There's likely going to be a lot of finger-pointing in the upcoming months as the mess gets sorted out, but the question for investors right now is whether or not the market is going to see this scandal as a failure of the industry, or a failure of the regulatory framework that currently exists. So far, the results are still unclear.
The irony of the FTX scandal is that these were the sorts of problems that crypto set out to fix - had they used crypto for its intended purpose (on-chain governance, transparency in their financial records and dealings), it's very likely that these issues would have been caught way earlier before it became too late. Some will leave, some will stay, but the ideal outcome to come out of this scandal would be for the people themselves to demand higher standards in accounting and fiduciary duties.