Crypto Futures Trading

2022-06-01 17:36:55 #BTC The liquidations look really funny, on a locally growing Bitcoin mostly Longs are liquidated, which means that we still have fuel to move even higher, because the main Short positions are still open.

It's going to be easy to get to $34k.

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2022-06-01 17:36:55 #BTC Let's return to more local things.

I want you to look at the difference between the funding of BTC and the funding of other cryptocurrencies.

Currently people are mostly in short positions on cryptocurrencies, but only now Long positions are starting to prevail on BTC.

I think that the logical course of action would be to give the price a little more ascending movement to take out the short positions on altcoins, which are likely to follow the main currency upwards.

For BTC, this would be growth until the values of $32k - $33k - $34k or a bit higher, after which we can continue the descent.

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2022-06-01 17:36:55 2. The price manages to break through the $20k level, because the buying power could not withstand the onslaught of stop-losses and liquidations, which causes even more stop-losses to trigger below the $20k level, which pushes the price even further towards the $13k - $15k area, where the MM will place their orders.

Afterwards, they will hold the price a bit above these levels, so that their entry would be the most profitable + so that those who didn't sell at their stop-loss or weren't liquidated would sell to the MM under the extreme duress caused by losses.

So we have the $14k low with the coveted 80% correction.

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2022-06-01 17:36:55 1. The price moves towards the $26k level, where the first stop-losses are triggered and liquidations of buyers start to happen. They placed their stop-losses and liquidations there, because they are hoping that an update of the previous recent low will cause the price to drop to $20k.

The drop to $26k sets of a chain of sales and liquidations, which will race towards the wall of buy orders at $20k.

For the MM to buy the entire volume, they would have to place their orders in the $22k - $25k range, so that the liquidation chain wouldn't stop, but also prevent the price from reaching the $20k level.

So we have a low somewhere in the $22k - $24k range.

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2022-06-01 16:38:08 #BTC Here I am going to try and answer that same question: At what price is it profitable to Buy for an MM or at what price will the majority Sell? (basically the same thing)

Is the $20k level looking good to buy at? Well, it certainly is looking good, because it is a clean retest or the previous high. In fact, most of those that have not yet decided to buy are placing Huge orders there. But in actuality it's a bit more complicated.

This means that it would be reasonable to buy BTC either Above this level or Below it!

I can see two logical scenarios:

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2022-06-01 16:18:09 Let's think like an MM for a bit? For convenience, I will speak as the MM, so that you could try on his role and understand the idea. However, I am not an MM, sadly, because I am not a large network of companies with billion-dollar profits from different areas (just so you wouldn't think that an MM is a person).

I am an MM, I make money when most people lose their money, that's just how the work goes. Thanks to my capital, I can control the price, direct it, set the High and Low.

For now I've managed to safeguard the interest of people in this valuable product(cryptocurrency), who are trying to profit from it. I can still see people trying to catch the Low to buy the currency at a good price.

Every previous time I had to lower the price of the main asset by about 80%, so that people would lose interest and start selling this asset to me for a truly good price!

So at what level should I place my orders and start buying what is being sold by people truly dissapointed in crypto?

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

2022-06-01 16:18:09 #BTC Take a look at this chart. Above is BTC and below is the RSI oscillator, I have enlarged the upper border for clarity.

First of all, I'd like you to notice that every new peak is a new convergence, from which a CORRECTION begins. Every single time the average correction was for 80%, now our lowest correction point is 63% and our average value is at $13700.

If we were to take the minimum previous value of 70%, then the point will be located at the $20300 level.

Consequently, it is too early to say that the low has passed even for the Minimum.

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2022-06-01 15:52:02 Terra’s Mirror Protocol Allegedly Suffers New Exploit

Decentralized finance (DeFi) application Mirror Protocol, which is built on Terra, is allegedly suffering another exploit, according to pseudonymous “Mirroruser,” who posted on the Terra Research Forum on May 28. It was amplified on Twitter by “@FatManTerra” Monday afternoon.

According to FatMan, who has been providing commentary on the Terra research forum for the past few weeks, the latest exploit has allegedly drained over $2 million, with the potential for more, due to a bug in the LUNC pricing oracle.The Mirror Protocol is a DeFi platform that allows users to create and trade “mirrored assets,” or mAssets, that “mirror” the price of stocks – including major stocks traded on U.S. exchanges.

Source

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2022-05-31 16:43:02 DeFi App Sells $830,000 in NFTs to Fight $10 Lawsuit Guy

The DeFi savings app PoolTogether has raised over $830,000 in five days through an NFT sale to crowdfund its legal defense against a man who deposited $10 into the protocol and sued the company behind it for enabling an “unauthorized lottery scheme.”

PoolTogether, one of Ethereum’s earliest DeFi protocols, has turned to NFTs to raise funds for its legal defense against a class-action lawsuit that could set an unwelcome precedent for the whole DeFi industry. Last October, a software engineer and former staffer for the anti-crypto.

Source

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