Crypto Futures Trading

2023-04-08 13:06:06 #BTC I would like to remind you of my overall trading strategy for Bitcoin. Even though the price has stabilized below the ascending support line, we may still witness an upward squeeze. If the resistance isn't absorbed following this, we can expect a decline in price.

At the moment, sellers have the upper hand. As for my buy orders, they remain waiting at lower levels.

https://t.me/Crypto_Futures_Trading Open / Comment

2023-04-08 10:59:02 Grayscale Has Hope To Win SEC Lawsuits

Grayscale management had always contended that the SEC made an arbitrary decision when it approved Bitcoin futures. The complaint comes as the crypto industry becomes more upset with the SEC’s assault on digital asset services. There is suspicion that SEC insiders are losing grasp on the litigation after the Securities and Exchange Commission’s (SEC) grilling on its decision on the Grayscale spot Bitcoin ETF application.

Andrew, a Twitter user, claimed insider sources in the SEC indicating Grayscale is winning the ongoing litigation, which might be a welcome development for the crypto market. He said that the SEC would allow spot Bitcoin ETFs or prohibit Bitcoin futures ETFs. Grayscale’s management had long argued that the SEC made an arbitrary choice when it approved Bitcoin futures contracts. The corporation argued in its opening arguments before the District of Columbia Court of Appeals that the agency was unjust in its case. The lawsuit comes as the crypto sector has become more frustrated with the SEC’s assault on digital asset offerings.

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2023-04-07 07:58:02 Binance Australia’s Derivatives License Cancelled After April 21

The Australian regulator has ordered Binance Australia, an arm of the world’s biggest crypto exchange by transaction volume, to cancel all customer holdings by April 21. According to a news statement issued on Thursday, the Australian Securities and Investments Commission (ASIC) has revoked the Australian financial services license held by Oztures Trading Pty Ltd, business as Binance Australia Derivatives.

ASIC has been conducting a focused investigation of Binance Australia’s activities, and customers will be unable to raise derivatives holdings or create new positions with Binance beginning 14 April 2023. The termination provisions include a stipulation that the cancellation has no impact on Binance’s need to remain a member of the Australian Financial Complaints Authority until the end of April 8, 2024. Binance ceased its derivatives trading business in Australia ten months ago due to rising regulatory pressure. The world’s largest crypto exchange by volume has also ceased issuing crypto derivatives products.

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2023-04-06 10:24:02 Bitcoin's Spot-to-Derivatives Trading Volume Ratio Slides to Lowest in 11 Months

The ratio between bitcoin's (BTC) daily trading volumes in spot and derivatives markets has slipped to an 11-month low, signaling renewed speculative activity in the crypto market. The ratio has tanked by nearly 80% in three months, reaching a low of 0.117, the level last seen on May 16, 2022, according to data tracked by South Korea-based blockchain analytics firm CryptoQuant. The decline comes amid a 70% year-to-date rise in bitcoin's price.

The slide has been quite sharp since bitcoin first ran into crucial resistance above $28,500 on March 21. It shows speculators have recently piled into bitcoin at a faster rate relative to retail investors and long-term holders. "The theory that the 2023 crypto rally is driven by a diversification out of the USD and the associated bank credit risk might be standing on weak ground if the rally was indeed purely driven by an increase in leverage," Markus Thielen, head of research and strategy at Matrixport, said, noting the decline in the volume ratio.

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2023-04-05 08:44:02 Allbridge Exploiter Returns Over $450,000 Of Stolen Funds

The Allbridge team has gone above and above to fix an attack that depleted the bridge protocol’s BNB Chain liquidity by $570,000. And their efforts were ultimately rewarded. A significant chunk of the approximately $570,000 stolen from the multichain token bridge Allbridge has been recovered after the exploiter accepted the project’s offer of a white hat and no legal reprisal.

On April 3, Allbridge said that it had received a communication from a person and that 1,500 BNB worth over $450,000 had been returned to the initiative. Peckshield, a blockchain security startup, initially spotted the April 1 hack, informing Allbridge in a tweet that their BNB Chain pools exchange pricing was being manipulated by a person operating as a liquidity provider and swapper. Allbridge, as a cross-chain bridge, enables the movement of cryptocurrency from one blockchain network to another through a liquidity pool. According to security company PeckShield, an attacker took cash last Sunday by manipulating prices in Allbridge’s liquidity pool on BNB Chain via flash loans.

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2023-04-04 13:19:44 #BTC Who's attentive and did spot the descending triangle immediately? Aight.

In essence, if I see something like this (as in the circle) - the long position will be closed, and I will try to take a short with a target at the flag's support level (from the previous post) and even lower - at $26800 - $26000 - $25k.

https://t.me/Crypto_Futures_Trading Open / Comment

2023-04-04 13:19:44 #BTC Yesterday, the bulls managed to uphold the support, stopping the wick at the support of the bullish flag. The target, derived from the flagpole, is set at the $29300 price point.

However, the risk-reward ratio for this trade doesn't meet my expectations in the current market conditions. Therefore, I'm entering a long position primarily as a formality.

https://t.me/Crypto_Futures_Trading Open / Comment

2023-04-04 08:42:02 Terra’s $200 Million In Real Estate Belonging Has Been Confiscated By South Korean Prosecutors

Recent events have resulted in South Korean authorities inspecting and seizing the real estate of Terra executives and employees. It has been established beyond a reasonable doubt that the prosecution has amassed over two hundred billion won in compensation for the assets of Terraform Labs executives and employees accused in connection with the incidents involving the virtual currencies Terra and Luna.

According to KBS, the Financial Securities Crime Joint Investigation Team of the Seoul Southern District Prosecutor’s Office in South Korea searched and preserved approximately 270 billion won (approximately 205 million dollars), with the assets totaling 154.1 billion won, 79.1 billion won, and 40.9 billion won. Expropriation and preservation is a technique that can be used to stop criminal suspects from arbitrarily getting rid of property that they obtained through criminal activity while their cases are pending in court. In addition, the real estate, automobiles, and stock possessions of early investors and employees who have been recognized as suspects in the case.

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2023-04-03 18:42:33 #BTC Stuck in a flat range, where support is actively being pushed closer to the horizontal resistance at $29k. It looks bullish overall, and we can anticipate a breakout of the resistance upward, as this would complete an ascending triangle pattern.

However, another logical outcome could be a drop below the support into an area where the price would appear more short, in order to lighten the load that will need to be lifted again. That's where I'm placing new buy orders with the volume that I previously sold.

So that's how my personal trading strategy looks now.

https://t.me/Crypto_Futures_Trading Open / Comment

2023-04-03 06:31:02 Justin Sun calls media reports about Huobi stake sale ‘April fools prank’

Justin Sun denied reported rumors about him being in talks to sell a stake in crypto exchange Huobi Global — calling them an April Fool’s joke. Sun tweeted in response to a Bloomberg News report on April 1 claiming that the Tron founder was looking to sell an undisclosed stake in Huobi Global to “raise funds.”. The report cited a “person with direct knowledge of the matter” who wished to remain confidential due to the sensitive nature of the information.

The source told the news outlet that Sun had been looking for potential buyers for several days but did not name any potential buyers or divulge any details of the discussions. Hong Kong-based About Capital Management acquired a majority 60% stake in Huobi Global for roughly $1 billion in October 2022 — with many speculating that Sun was behind the deal due to his links to the former company. In the ensuing months, Sun spent hundreds of millions of dollars of his personal money to help the exchange through tough times but continued to adamantly deny any claims implying he owned a controlling stake in the exchange.

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