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

24/05/2022


THE NEWS

BULLISH - THE BLOCK
After making bitcoin a legally recognized currency in April, the Central African Republic has published online plans for a “crypto hub.” The plans, dubbed Project Sango, include a “crypto island” and a digital wallet.


BULLISH - THE BLOCK
Exchange operator Coinbase has become the first crypto company to make the Fortune 500 cut — an annual list of America's largest corporations by revenue.


BEARISH - BLOCKWORKS
Madison Cawthorn of North Carolina will face allegations he was involved in a crypto pump and dump scheme.



PRICE ANALYZES

BEARISH - CNBC
“When you break below 30,000 [dollars] consistently, 8,000 [dollars] is the ultimate bottom, so I think we have a lot more room to the downside, especially with the Fed being restrictive,”Guggenheim Chief Investment Officer, Scott Minerd.


BULLISH - PlanB @100trillionUSD
Original 2019 $55K S2F model seems to fit better than later $100K update. Interestingly a refit based on 18m average S2F ratio and 3 yrs new data confirms the original model. The bad news: $100K was probably too high. The good news: model still points to $500K after 2024 halving.


BEARISH - il Capo Of Crypto @CryptoCapo_
Everything points to another 40-50% drop in altcoins over the next few days. That should be the last leg down and we could see a good recovery after that, for some weeks.


BEARISH - Rekt Capital @rektcapital
Historically, BTC tends to bottom at or below the 200-MA (orange) The 200-MA thus tends to offer opportunities with outsized ROI for BTC investors (green) Wicks below it are the point of peak opportunity So how much does BTC wick below the 200-MA? [image]