Don't waste time reading a bunch of irrelevant content. We sel | Scalptech: Crypto Signals by BTCMachine & Autobots

Don't waste time reading a bunch of irrelevant content. We select the top news in the Crypto World for you

12/05/2022


THE NEWS

BEARISH - CNBC
The price of bitcoin plunged below $26,000 Thursday, hitting its lowest level in 16 months. The collapse of stablecoin terraUSD has led to fears of a broader market contagion.


BEARISH - COINDESK
Tether (USDT) snapped to 97 cents in Asian hours, losing its parity with U.S. dollars at writing time. Traders sold USDT for U.S. dollars amid poor sentiment for stablecoins in crypto communities.


BEARISH - BLOCKWORKS
As Terraform Labs and community members scramble to rescue stablecoin TerraUSD, regulatory experts say the collapse might be the end of algorithmic stablecoins as we know it.


BULLISH - Will Clemente @WClementeIII
Bitcoin is not dead. Never has been, never will be. Very close to those levels (realized price, 200WMA) where you unload your dry powder for 5 generations to come and walk away.



PRICE ANALYZES

NEUTRAL - Michaël van de Poppe @CryptoMichNL
Bitcoin has cleared all the liquidity beneath the lows and dropped towards the $26K block. There's still a level around $24K left that could be tested, although the move becomes overextended. If it wants anything upwards, a break above $29.6K is required.


NEUTRAL - Rekt Capital @rektcapital
Bitcoin Log Growth Curves. BTC brokedown from the Channel once before. That was in March 2020 where $BTC retraced -49%. If BTC retraces -49% from here, it would reach ~$17000. Key takeaway is this: When BTC loses the channel --> BTC generates high ROI upon recovery [IMAGE]


BULLISH - Plan C @TheRealPlanC
It is very simple Bitcoin will stop going down once ALL the weak hands have sold. This event has enough momentum that ALL weak hands will sell. Which is pure capitulation and what ultimately needs to happen for the next leg up.


BULLISH - Rekt Capital @rektcapital
BTC is now entering a period that has historically preceded outsized Returns On Investment for long-term investors