𝗖𝗿𝘆𝗽𝘁𝗼 𝗭𝗘𝗧𝗔 ⚡️

2022-06-04 08:57:41 Altcoin Update: DOT

DOT has shed some 40% over the past month and has been holding steady between the 38.2 and the 23.6 Fibonacci levels. And although it recovered some 33% from the May crash, its current price structure is constrained within a bearish pennant pattern. That means the downtrend may continue.

In the medium term, a reversal from the 38.2 Fibonacci may push DOT back to its 18-month lows of 6.5. But if the current market sentiment improves, a break above the 38.2 level could push DOT towards the 50-day MA. Open / Comment

2022-06-04 08:55:44 BTC Update

Last run up to $32k turned out as a fakeout as expected. The bitcoin is still inside accumulation zone.

Due to high selling pressure there is high possibility of retesting recent lows $25k-$23k before starting 15%-20% uptrend. Open / Comment

2022-06-02 17:00:46 ⁠Bitcoin touches $30K as ex-BitMEX CEO hopes $25K marks BTC price 'local bottom'

Bitcoin bulls are not giving up without a fight in the current range, while data increases the significance of May's $23,800 floor.

https://ct.com/an3g Open / Comment

2022-06-02 11:01:59 TIP OF THE WEEK

"Trading is a psychological game where the battle is not with the market but with yourself. Stay resilient, disciplined, and keep your emotions in check at all times."

― Steven Hendlin Open / Comment

2022-06-01 13:02:14 WEEKLY MARKET UPDATE

Bitcoin to set a new record 9-week losing streak with BTC price down 22% in May
Bitcoin (BTC) threatened to continue an unprecedented losing streak on May 29 as BTC/USD stayed in a right intraday range.

One River's spot Bitcoin ETF application rejected by SEC
The United States Securities and Exchange Commission (SEC) maintained its perfect record for rejecting Bitcoin (BTC) spot exchange-traded fund (ETF) applications Friday when it disapproved a rule change to allow cryptocurrency-focused hedge fund One River Digital to offer the One River Carbon Neutral Bitcoin Trust on the New York Stock Exchange Arca. The decision comes somewhat ahead of schedule, as the agency had extended the original deadline to June 2 to allow more time for consideration.

On-chain data flashes Bitcoin buy signals, but the bottom could be under $20K
Every Bitcoin investor is searching for signals that the market is approaching a bottom, but the price action of this week suggests that we're just not there yet.

Evidence of this can be found by looking at the monthly return for Bitcoin (BTC), which was hit with a rapid decline that “translated to one of the biggest drawdowns in monthly returns for the asset class in its history,” according to the most recent Blockware Solutions Market Intelligence Newsletter.

Brazilian university USP will conduct academic research in the metaverse
As reported by the University of Sao Paulo (USP), the metaverse-centric research will be carried out by research groups interested in 3D modeling, psychology and human behavior, and the effectiveness of virtual and augmented reality devices. These research domains will be evaluated within the context of the metaverse to understand how the new virtual world impacts user interactions.

Falling Bitcoin price doesn't affect El Salvador: 'Now it's time to buy more,' reveals Deputy Dania Gonzalez
Dania Gonzalez, Deputy of the Republic of El Salvador, was recently in Brazil to reveal her country's experiences with the decision to adopt Bitcoin (BTC) as legal tender. Gonzalez’s invitation to Brazil came from digital influencer Rodrix Digital, who was recently in El Salvador to produce a documentary about cryptocurrencies. Open / Comment

2022-06-01 13:00:21 Due to large inflow ETH is under pressure while bitcoin made the breakout from it's resistance.

This could be an exit pump!

Mid term Ethereum needs to prove its dominance throughout this bear market or else BTC will run the show alone. Open / Comment

2022-05-27 21:35:45 ETHBTC This chart tells me more bleeding for Altcoins is on the way.

In upcoming weeks BTC will bleed less than ETH and Altcoins. Open / Comment

2022-05-25 20:10:25 WEEKLY MARKET UPDATE

Bitcoin targets record 8th weekly red candle while BTC price limits weekend losses

3K+ Bit Digital hosting partner's crypto miners go offline after explosion and fire

New York-headquartered crypto mining firm Bit Digital reported two of its hosting partners ceased operations to more than 4,800 rigs following power disruptions at different facilities.

20% drop in the S&P 500 puts stocks in a bear market, Bitcoin and altcoins follow

Whoever coined the phrase “sell in May and go away” had brilliant insight, and the performance of crypto and stock markets over the past three weeks has shown that the expression still rings true.

FCA will ‘absolutely’ consider recent stablecoin depegging when drafting crypto rules: Report

Sarah Pritchard, the executive director of markets at the United Kingdom’s Financial Conduct Authority, or FCA, reportedly said that the regulator will look at the recent volatility in the crypto markets when creating rules for the space in 2022.

Cyprus Outlines Crypto Regulations, Welcomes Careful Use

Cyprus government officials have presented a draft of a cryptocurrency bill in the capital Nicosia. Simultaneously, the EU is working on a mutual legal framework for all of its territory. Interestingly enough, Cyprus scored high in the European Innovation Scoreboard, only coming second to Stockholm, Sweden. Open / Comment

2022-05-25 20:08:19 TIP OF THE WEEK

“The way I would think about risk aversion is most people would not want to toss a coin for their entire net worth.”

― Seth Klarman Open / Comment

2022-05-18 13:25:13 BTC Update

No sign of reversal on any time frame and no volume near $30k support area. (Expect more sideways days near $30k)

If bitcoin close daily candle above $31500 then we can expect $35k.

If bitcoin fails to do so then this consolidation will result into downtrend continuation. Open / Comment