2023-03-11 17:42:07
With the SVB Bank and USDC/USD stable coin potential issue, it is a valid reason to take precautionary steps to limit exposure towards holding USDC stable coins. This messages must not be construed with providing financial advice, as it is not so. There is ample news coverage (NYT, FOX, CNN, Twitter validated sources), that the Executive Leadership of the SVB Bank sold shares two weeks ago. It may or not may be connected to the de peg of USDC. However, given what has occurred in the past with the LUNA UST crisis, it is obvious that some risk management should be applied, again, this message is not to be taken as financial advice.
Some traders are limiting exposure to USDC by moving into other stable coins. Please read up and do your own research.
All other data provided such as in the Elliott Wave Algorithm Report and the video indicating a lower point into Fib 61.8%, low remain 100% as buy zones but are part of training and educational content. Reports are 100% valid, no changes.
The Team
991 viewsMarius Landman, edited 14:42