𝗖𝗿𝘆𝗽𝘁𝗼 𝗭𝗘𝗧𝗔 ⚡️

2022-05-18 00:39:06 Altcoin Update: ADA

As the rest of the market was on a selling frenzy, Cardano whales have been on a buying spree, accumulating more than $200 million worth of ADA in the past 2 weeks. That could partly be responsible for ADA’s strong support around 0.4, just ahead of the Vasil Hard Fork expected sometime in June.

ADA has largely been in an ascending triangle pattern for the past 6 days, gaining about 38%; with the bulls failing to push it above the 50-MA on the 4-hour chart. For now, we’re cautiously bullish if ADA breaks out of the triangle, with our entry price at 0.6. However, a short-term pullback below 0.52 could have ADA heading back to 0.4. Open / Comment

2022-05-18 00:37:42 TIP OF THE WEEK

"Most trading errors come from a lack of patience and a compulsion
to do something when nothing is needed to be done."

― Yvan Byeajee Open / Comment

2022-05-16 19:40:22 WEEKLY MARKET UPDATE

Crypto crash
Investors will be closely watching crypto assets in the week ahead after a volatile week last week, dominated by the collapse in value of stablecoin TerraUSD, which broke its 1:1 peg to the U.S. dollar.

Stablecoins are tokens pegged to the value of traditional assets, often the U.S. dollar, and are the main medium for moving money between cryptocurrencies or for converting balances to fiat cash.

Goldman Sachs and Barclays invest in UK crypto trading platform Elwood

Banking giants Goldman Sachs (NYSE:GS) and Britain’s Barclays (LON:BARC) have joined a $70 million Series A funding round for the institutional crypto trading platform Elwood Technologies, founded by billionaire British hedge fund manager Alan Howard.

UK Treasury en route to legalizing stablecoins amid Terra's UST crash

United Kingdom’s Department of Treasury, or Her Majesty's Treasury, has reportedly decided to go ahead with regulating stablecoins as legal tender. While welcomed by the crypto community, the decision comes as a shocker due to its proximity to the recent fall of one of the most popular algorithmic stablecoin, TerraUSD (UST).

Nayib Bukele to Discuss Bitcoin with Bankers from 44 Countries in Monday Meeting

Late on Sunday night, President of El Salvador Nayib Bukele revealed his plans to meet bankers from 44 countries first thing on Monday morning. The Central banks and financial authorities meeting on Monday will have one major topic of discussion, and that is Bitcoin.

FTX CEO sees no future in Bitcoin payments, community fires back

Sam Bankman-Fried, the founder of crypto exchange FTX, has criticized the efficiency of Bitcoin (BTC) as a payment network, only to meet heavy backlash from the crypto community. Open / Comment

2022-05-14 19:44:32 Altcoin Update: MANA

Amidst rare odds, MANA has surged almost 80% over the past 24 hours, with metaverse tokens leading the recovery charge. This means that it’s is now trading above its pre-crash levels.

For the first time in almost a month, MANA is comfortably above the 50-MA on the 4-hour chart. And we’re cautiously bullish for now, if it advances above 1.35. however, if it drops below the 50-MA, we can expect it to continue the bear trend to 0.7. Open / Comment

2022-05-14 12:29:57 Open / Comment

2022-05-13 19:57:01 ⁠Bitcoin macro bottom 'not in yet' warns analyst as BTC price holds $30K

The worst is yet to come for Bitcoin price performance, multiple sources warn, despite the turmoil at Terra slowly passing.

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

2022-05-13 13:15:10 Altcoin Update: XRP

XRP is down about 29% over the past 48 hours but seems to have found support around 0.36. For the better part of yesterday, it traded within the 0.36 – 0.4 range, our short-term support, and resistance.

And while the worst is yet to pass in the overall crypto market, we’re neutral on XRP for now – waiting to see how it will break out. In the medium term, a break above 0.41 could push it to 0.55 just above the 50-MA. But in the more likely event that it drops below 0.34, XRP could head for 17-month lows of 0.23. Open / Comment

2022-05-13 07:24:03 BTC Update

The 200 weekly MA has served as the “bottom” in every market cycle since Bitcoin has been able to be tracked by it.

- Aug 2015
- Dec 2017
- Mar 2020 (COVID Crash)

Due to the current FUD, we can see more selloff and expect bitcoin to hit the 200 weekly MA level which is at $21000.

There is no major support area between $28k - $14k as shown in the chart. Also, there is a major CME Gap at $24k so I am expecting Bitcoin to crash to these levels.

Considering the above info I see bitcoin near $20k by June end.

Be ready to buy bitcoin between $20k - $14k Open / Comment

2022-05-12 18:03:27 SHORT ANCUSDT Entry: 0.130000 Target 1: 0.126490 Target 2: 0.122616 Target 3: 0.108537 Stoploss: 0.143000 Leverage : 10x Open / Comment

2022-05-12 18:03:27 SHORT ANCUSDT

Entry: 0.130000

Target 1: 0.126490

Target 2: 0.122616

Target 3: 0.108537

Stoploss: 0.143000

Leverage : 10x Open / Comment