LIVEPROFIT_PILOT
@PROFIT_PILOT
@Kriptos84BTC
Ακολούθηση
Ακόλουθοι
Μου αρέσει
Κοινοποιήσεις
#BTC #Bitcoin $BTC
Hey, guys,
this is the weekly bitcoin update.
In the last update, I talked about the smart money continuing to buy and that the move would go higher, with targets of 69-70k, targets fully met and even exceeded, price was projecting the 72k zone.
Last week was positive for the market - etherium ETFs were approved, a cryptocurrency law was passed in the U.S., which may give the right to financial institutions such as pension funds to buy and store cryptocurrencies, as well as all week the inflow of money into bitcoin ETFs did not weaken and the amount of inflow amounted to about 1 billion dollars.
Seasonal analysis of bitcoin shows that June and July are pretty good months and 60% closed above the open.
Technically, the week closed well and the price is trading near the upper boundary of the global sidewall. Now the instrument may start consolidating to “accumulate gasoline”, for further breakdown of 72k. The key support is below 64k, where the main buyer's volumes passed, which pushed the movement and in case of going below, the uptrend will be broken. Therefore, for the continuation of growth it is important that the price remains above this zone. Always DYOR.
Stay tuned.
Hey, guys,
this is the weekly bitcoin update.
In the last update, I talked about the smart money continuing to buy and that the move would go higher, with targets of 69-70k, targets fully met and even exceeded, price was projecting the 72k zone.
Last week was positive for the market - etherium ETFs were approved, a cryptocurrency law was passed in the U.S., which may give the right to financial institutions such as pension funds to buy and store cryptocurrencies, as well as all week the inflow of money into bitcoin ETFs did not weaken and the amount of inflow amounted to about 1 billion dollars.
Seasonal analysis of bitcoin shows that June and July are pretty good months and 60% closed above the open.
Technically, the week closed well and the price is trading near the upper boundary of the global sidewall. Now the instrument may start consolidating to “accumulate gasoline”, for further breakdown of 72k. The key support is below 64k, where the main buyer's volumes passed, which pushed the movement and in case of going below, the uptrend will be broken. Therefore, for the continuation of growth it is important that the price remains above this zone. Always DYOR.
Stay tuned.
#ETHETF #BTC
Hey, guys,
this week is filled to the max with non-verbal interventions in the cryptocurrency market.
Let's take another look.
1. the White House blocked the creation of a CBDC for the federal reserve system- This is a kind of Everton window I think, first you spread rumors, then you talk about it openly, then you ban it, and the next step?
2- The hype around the adoption of etherium ETFs- SEC approved all applications.
3. hype around the repeal of the FIT21 law - prohibiting financial institutions such as pension funds to buy, store cryptocurrencies, for reference in the U.S. pension funds are about 20 trillion, if a small part of it starts to go into crypto, you, I think, understand what it will lead to.
If I missed something, please correct me.
Stay tuned.
Hey, guys,
this week is filled to the max with non-verbal interventions in the cryptocurrency market.
Let's take another look.
1. the White House blocked the creation of a CBDC for the federal reserve system- This is a kind of Everton window I think, first you spread rumors, then you talk about it openly, then you ban it, and the next step?
2- The hype around the adoption of etherium ETFs- SEC approved all applications.
3. hype around the repeal of the FIT21 law - prohibiting financial institutions such as pension funds to buy, store cryptocurrencies, for reference in the U.S. pension funds are about 20 trillion, if a small part of it starts to go into crypto, you, I think, understand what it will lead to.
If I missed something, please correct me.
Stay tuned.
#XRP#Ripple $XRP
Hey guys. Coinbase is adding trading for NY residents. Locally positive but until the price breaks 0.55 I don't see the point in trying to buy this.
Stay tuned.
Hey guys. Coinbase is adding trading for NY residents. Locally positive but until the price breaks 0.55 I don't see the point in trying to buy this.
Stay tuned.
LIVEPROFIT_PILOT
--
#XRP #RIPPLE $XRP
Hey guys,
an update on XRP. As we talked to you last time, the logic of working in horizontal consolidation has worked. Profit about 10%. At the moment, technically we have bounced back from the upper boundary of the 0.55 zone. And as long as we are inside the consolidation, we can work only from the borders. I would advise to wait for signs of a breakdown and consolidation above 0.55 or again to wait for a decline to the lower boundary and there to consider the Long again.
Stay tuned.
Hey guys,
an update on XRP. As we talked to you last time, the logic of working in horizontal consolidation has worked. Profit about 10%. At the moment, technically we have bounced back from the upper boundary of the 0.55 zone. And as long as we are inside the consolidation, we can work only from the borders. I would advise to wait for signs of a breakdown and consolidation above 0.55 or again to wait for a decline to the lower boundary and there to consider the Long again.
Stay tuned.
$DOT #DOT #Polkadot
Hey guys,
Polkadot looks good for buying, the instrument has broken the descending local trend, as well as the price at the breakdown zone of rectangular consolidation.
On the daily chart it is seen that the price has stopped at its moving averages.
Also we have injected a large volume, after which the price does not roll back, which indicates the control of buyers and this is a bullish sign.
Based on this, we can consider buying at the breakdown of the local sidewall, or above $7.7-7.8. Cancel scenario and stop zone below 6.8 and more distant 6.4 depending on your risk profile. Always DYOR.
Stay tuned.
Hey guys,
Polkadot looks good for buying, the instrument has broken the descending local trend, as well as the price at the breakdown zone of rectangular consolidation.
On the daily chart it is seen that the price has stopped at its moving averages.
Also we have injected a large volume, after which the price does not roll back, which indicates the control of buyers and this is a bullish sign.
Based on this, we can consider buying at the breakdown of the local sidewall, or above $7.7-7.8. Cancel scenario and stop zone below 6.8 and more distant 6.4 depending on your risk profile. Always DYOR.
Stay tuned.
#XRP #RIPPLE $XRP
Hey guys,
an update on XRP. As we talked to you last time, the logic of working in horizontal consolidation has worked. Profit about 10%. At the moment, technically we have bounced back from the upper boundary of the 0.55 zone. And as long as we are inside the consolidation, we can work only from the borders. I would advise to wait for signs of a breakdown and consolidation above 0.55 or again to wait for a decline to the lower boundary and there to consider the Long again.
Stay tuned.
Hey guys,
an update on XRP. As we talked to you last time, the logic of working in horizontal consolidation has worked. Profit about 10%. At the moment, technically we have bounced back from the upper boundary of the 0.55 zone. And as long as we are inside the consolidation, we can work only from the borders. I would advise to wait for signs of a breakdown and consolidation above 0.55 or again to wait for a decline to the lower boundary and there to consider the Long again.
Stay tuned.
LIVEPROFIT_PILOT
--
#XRP #XRPL $XRP
Hey, guys,
a quick update on XRP.
The price came to the lower boundary of the sidewall again, failing to break the 0.55 resistance. At this point, the standard rules for working from consolidation boundaries apply, which are break down (unlikely), bounce immediately or with a false breakdown (more likely). The fall is taking place against the background of the ongoing fuss with the court and general negativity on the market. I think we'll see the denouement tomorrow after the inflation data. It is possible that we are seeing a shakeout of weak hands before the trend reverses, but you have to admit that the chart looks weak and has a nasty return on an annualized basis, we have to admit that the holders of this thing have balls of steel and maybe they will be rewarded for their patience (see my previous ideas on XRP). DYOR.
Stay tuned.
Hey, guys,
a quick update on XRP.
The price came to the lower boundary of the sidewall again, failing to break the 0.55 resistance. At this point, the standard rules for working from consolidation boundaries apply, which are break down (unlikely), bounce immediately or with a false breakdown (more likely). The fall is taking place against the background of the ongoing fuss with the court and general negativity on the market. I think we'll see the denouement tomorrow after the inflation data. It is possible that we are seeing a shakeout of weak hands before the trend reverses, but you have to admit that the chart looks weak and has a nasty return on an annualized basis, we have to admit that the holders of this thing have balls of steel and maybe they will be rewarded for their patience (see my previous ideas on XRP). DYOR.
Stay tuned.
#NVIDIA #Crypto
Hey, guys,
today's market focus is NVIDIA's earnings report.
To appreciate the importance of this, a few numbers - NVIDIA's market capitalization is 2.35T, which is more than the GDP of countries like Italy and Spain. Revenue is projected to be 24.5 billion.
If Nvidia achieves these estimates, Q1 sales growth will be 243% YoY, given that last year Q1 sales totaled $7.2B. Historically, Nvidia stock has shown an average absolute move of +/-8.97% on days when Q1 earnings are announced. If that average holds, Nvidia's market capitalization could change by about +/- $200 billion on Thursday, which is more than the market capitalization of about 90% of the companies in the S&P 500.
It's worth mentioning that the stock is currently trading near its all-time highs, and is in consolidation. The continuation of the trend will determine the direction of the stock indices, as NVIDIA shares account for a huge share in their calculation. Well, the cryptocurrency market and bitcoin are highly correlated with the stock market. That's why I'm talking about it in such detail. If the stock market continues to rise, bitcoin is likely to follow and vice versa, if it slows down and corrects, it will probably correct as well. DYOR.
Stay tuned.
Hey, guys,
today's market focus is NVIDIA's earnings report.
To appreciate the importance of this, a few numbers - NVIDIA's market capitalization is 2.35T, which is more than the GDP of countries like Italy and Spain. Revenue is projected to be 24.5 billion.
If Nvidia achieves these estimates, Q1 sales growth will be 243% YoY, given that last year Q1 sales totaled $7.2B. Historically, Nvidia stock has shown an average absolute move of +/-8.97% on days when Q1 earnings are announced. If that average holds, Nvidia's market capitalization could change by about +/- $200 billion on Thursday, which is more than the market capitalization of about 90% of the companies in the S&P 500.
It's worth mentioning that the stock is currently trading near its all-time highs, and is in consolidation. The continuation of the trend will determine the direction of the stock indices, as NVIDIA shares account for a huge share in their calculation. Well, the cryptocurrency market and bitcoin are highly correlated with the stock market. That's why I'm talking about it in such detail. If the stock market continues to rise, bitcoin is likely to follow and vice versa, if it slows down and corrects, it will probably correct as well. DYOR.
Stay tuned.
#BTC #Bitcoin $BTC
Hey guys,
bitcoin reached both targets of 67 and 72 thousand, the profit was 6-14% respectively. And at the moment the price is at the upper boundary of the sidewall, and near ATH. It is necessary to realize that in this zone some market participants will close their long positions and fix profits.
It is difficult to say whether the growth will continue or not, it is necessary to see how the price will behave in this zone, if we do not see a sharp pullback, it is quite possible that we will go higher and update the high price. The key support is at the levels of 69 and more distant zone of 67 K. DYOR.
Stay tuned.
Hey guys,
bitcoin reached both targets of 67 and 72 thousand, the profit was 6-14% respectively. And at the moment the price is at the upper boundary of the sidewall, and near ATH. It is necessary to realize that in this zone some market participants will close their long positions and fix profits.
It is difficult to say whether the growth will continue or not, it is necessary to see how the price will behave in this zone, if we do not see a sharp pullback, it is quite possible that we will go higher and update the high price. The key support is at the levels of 69 and more distant zone of 67 K. DYOR.
Stay tuned.
LIVEPROFIT_PILOT
--
#BTC #Bitcoin #Midterm $BTC
Hey, everybody,
this is a weekly update on bitcoin.
Bitcoin is correcting, I drew a similar formation in the weekly review. This looks like a technical correction and a test of the buyers demand zone.
Last week the bitcoin ETF had net inflows of 450 million (smart money buys), but at the end of the week we saw another pullback from the 64K resistance zone, which is attributed to a 1 billion option burn.
Supports are still below 60K and behind the local low of 57K, as we understand there is a huge amount of stop liquidity there and it may well be tested. The key resistance is above 64K, a break of which will give the way above 67 and 72K.
Key events that may have an impact on the price.
15.05- Inflation data, consensus forecast 3.4%, previous value 3.5%.
If inflation comes out at 3.5% or worse, it will be negative for the markets and cryptocurrencies in particular, if the forecast is 3.4%, it will be neutral and we will see a continuation of the sideways trend. If inflation comes out better than the forecast of 3.3% or 3.2%, it will be positive for the market and we will see the growth of the cryptocurrency market.
Stay tuned.
Hey, everybody,
this is a weekly update on bitcoin.
Bitcoin is correcting, I drew a similar formation in the weekly review. This looks like a technical correction and a test of the buyers demand zone.
Last week the bitcoin ETF had net inflows of 450 million (smart money buys), but at the end of the week we saw another pullback from the 64K resistance zone, which is attributed to a 1 billion option burn.
Supports are still below 60K and behind the local low of 57K, as we understand there is a huge amount of stop liquidity there and it may well be tested. The key resistance is above 64K, a break of which will give the way above 67 and 72K.
Key events that may have an impact on the price.
15.05- Inflation data, consensus forecast 3.4%, previous value 3.5%.
If inflation comes out at 3.5% or worse, it will be negative for the markets and cryptocurrencies in particular, if the forecast is 3.4%, it will be neutral and we will see a continuation of the sideways trend. If inflation comes out better than the forecast of 3.3% or 3.2%, it will be positive for the market and we will see the growth of the cryptocurrency market.
Stay tuned.
LIVEPROFIT_PILOT
--
#Altcoins #whatchlist
Hey guys, we are 7000 people, to thank you for your attention and trust I prepared for you a selection of coins that look good.
Now many altcoins are waiting for bitcoin's next move.
Similar formations (breaking the downtrend and breaking the consolidation) are seen in many altcoins and you can identify them yourself, but it is advisable to work with liquid instruments. It is worth remembering that the entire altcoin market is highly correlated and you should not take excessive risks, leave inadequate leverage for beginners. DYOR.
Stay tuned.
Hey guys, we are 7000 people, to thank you for your attention and trust I prepared for you a selection of coins that look good.
Now many altcoins are waiting for bitcoin's next move.
Similar formations (breaking the downtrend and breaking the consolidation) are seen in many altcoins and you can identify them yourself, but it is advisable to work with liquid instruments. It is worth remembering that the entire altcoin market is highly correlated and you should not take excessive risks, leave inadequate leverage for beginners. DYOR.
Stay tuned.
#BTC $BTC #ETHETFS
Hey, guys, this is a weekly update on bitcoin.
in the last weekly review bitcoin was trading at 63k and I said that the buying pressure remains strong and most likely after the technical correction is over we will resume growth. In addition, last week good inflation data came out at 3.4% (previous 3.5%) which also had a positive impact on all risky assets (indices, stocks, precious metals and cryptocurrencies).
Looking at the metrics of inflows into the spot bitcoin ETF, we have a decidedly bullish scenario of 5 green days with total inflows of 920 million, the smart money continues to gain ground.
Technically at the moment bitcoin has broken the local downtrend and back above its moving averages, and looks good for a continuation of the trend into the 69-70k zone.
Key support is currently at 64-63.5K and the more distant 60K.
The entire focus of the cryptocurrency market will be directed this week to the SEC's Decision on the ETF on etherium.
Negative decision is negative for the market , Positive decision is super positive.
Institutional investors are preparing for disappointment, which may explain the weak performance of etherium. But of course there are also potential chances for a positive decision, which is associated with political motives in the U.S. election year.
Macro data that may affect volatility and asset prices this week.
1. manufacturing and service sector business activity index (PMI)
2. Initial jobless claims
Stay tuned. Always DYOR.
Hey, guys, this is a weekly update on bitcoin.
in the last weekly review bitcoin was trading at 63k and I said that the buying pressure remains strong and most likely after the technical correction is over we will resume growth. In addition, last week good inflation data came out at 3.4% (previous 3.5%) which also had a positive impact on all risky assets (indices, stocks, precious metals and cryptocurrencies).
Looking at the metrics of inflows into the spot bitcoin ETF, we have a decidedly bullish scenario of 5 green days with total inflows of 920 million, the smart money continues to gain ground.
Technically at the moment bitcoin has broken the local downtrend and back above its moving averages, and looks good for a continuation of the trend into the 69-70k zone.
Key support is currently at 64-63.5K and the more distant 60K.
The entire focus of the cryptocurrency market will be directed this week to the SEC's Decision on the ETF on etherium.
Negative decision is negative for the market , Positive decision is super positive.
Institutional investors are preparing for disappointment, which may explain the weak performance of etherium. But of course there are also potential chances for a positive decision, which is associated with political motives in the U.S. election year.
Macro data that may affect volatility and asset prices this week.
1. manufacturing and service sector business activity index (PMI)
2. Initial jobless claims
Stay tuned. Always DYOR.
#ETH #ETHEREUM #ETHETF $ETH
Hey guys,
oh no another long read.😀
today let's take a look at etherium, why it has weaker growth compared to bitcoin.
First of all, it should be understood that bitcoin is open to institutional investors through ETFs, while ether is not yet. And that is the key to understanding. Next week SEC will make a decision on whether or not to approve cellular ether ETF filings.
In fact, you may see headlines now that the matter has been resolved and the applications will be approved and ether will go to update its ATH. But I suggest caution, as the SEC is required to accept applications for a bitcoin cellular ETF by the court, which Grayscale won in August 2023 when the SEC denied its application to reformat a bitcoin trust into an ETF. And many investors are now expecting that ethereum may suffer the same fate - rejection in May, followed by a trial, and only then a reapplication and approval.
Therefore, I believe that for medium-term positions it is necessary to wait for the SEC decision, because in case of rejection, it will be negative for the instrument and we are likely to go to 2500-2600$. In case the decision is positive, then yes I quite believe that we will see an ATH upgrade in the coming months. Meanwhile, until the SEC decision we can expect a sideways movement and testing of the zone of 3300$.
It should be remembered that the situation with other coins and tokens on the ether blockchain will also depend on the dynamics of ether.
And one more thing, due to the release of the latest ether update, the cost of commissions has dropped dramatically. And also with the low trading volumes on the market, the network usage was also noticeably lower. All of this has led to ether becoming deflationary again. My opinion is that these are the reasons that are now holding back investors from actively buying ethereum. DYOR.
Stay tuned.
Hey guys,
oh no another long read.😀
today let's take a look at etherium, why it has weaker growth compared to bitcoin.
First of all, it should be understood that bitcoin is open to institutional investors through ETFs, while ether is not yet. And that is the key to understanding. Next week SEC will make a decision on whether or not to approve cellular ether ETF filings.
In fact, you may see headlines now that the matter has been resolved and the applications will be approved and ether will go to update its ATH. But I suggest caution, as the SEC is required to accept applications for a bitcoin cellular ETF by the court, which Grayscale won in August 2023 when the SEC denied its application to reformat a bitcoin trust into an ETF. And many investors are now expecting that ethereum may suffer the same fate - rejection in May, followed by a trial, and only then a reapplication and approval.
Therefore, I believe that for medium-term positions it is necessary to wait for the SEC decision, because in case of rejection, it will be negative for the instrument and we are likely to go to 2500-2600$. In case the decision is positive, then yes I quite believe that we will see an ATH upgrade in the coming months. Meanwhile, until the SEC decision we can expect a sideways movement and testing of the zone of 3300$.
It should be remembered that the situation with other coins and tokens on the ether blockchain will also depend on the dynamics of ether.
And one more thing, due to the release of the latest ether update, the cost of commissions has dropped dramatically. And also with the low trading volumes on the market, the network usage was also noticeably lower. All of this has led to ether becoming deflationary again. My opinion is that these are the reasons that are now holding back investors from actively buying ethereum. DYOR.
Stay tuned.
#BTC $BTC
💥The Senate may repeal the law prohibiting financial institutions from holding digital assets. The consensus is that the Senate will follow the House and repeal the law.
Voting will begin at 10 a.m.
Stay tuned.
💥The Senate may repeal the law prohibiting financial institutions from holding digital assets. The consensus is that the Senate will follow the House and repeal the law.
Voting will begin at 10 a.m.
Stay tuned.
#CME #BTC $BTC
Hey guys,
there is news that CME (Chicago Mercantile Exchange) may increase its exposure to bitcoin to meet the demand of funds to access the cryptocurrency.
It's unclear what this will be measured in, as CME is currently trading futures and options.
The last time I saw such news about the addition of trading on the CBOE (part of the CME group) in November 23, noted on the chart, and it was the local bottom of the instrument before the growth, and then the price went up 100% now the situation is different and we are near the historical high price. What do you think bitcoin in the next 6 months, write in the comments.
Stay tuned.
Hey guys,
there is news that CME (Chicago Mercantile Exchange) may increase its exposure to bitcoin to meet the demand of funds to access the cryptocurrency.
It's unclear what this will be measured in, as CME is currently trading futures and options.
The last time I saw such news about the addition of trading on the CBOE (part of the CME group) in November 23, noted on the chart, and it was the local bottom of the instrument before the growth, and then the price went up 100% now the situation is different and we are near the historical high price. What do you think bitcoin in the next 6 months, write in the comments.
Stay tuned.
#BTC $BTC
Yesterday's inflow into the spot bitcoin ETF +300 million, let me remind you that I talked about an inflow of 600 million last week, and as we can see this week bitcoin made a fat jump, this metric is working well. And it has a relatively small lag of 1 day. The continued inflows say that the move is not over. Stay tuned.
Yesterday's inflow into the spot bitcoin ETF +300 million, let me remind you that I talked about an inflow of 600 million last week, and as we can see this week bitcoin made a fat jump, this metric is working well. And it has a relatively small lag of 1 day. The continued inflows say that the move is not over. Stay tuned.
LIVEPROFIT_PILOT
--
#Bitcoin #BTC #BTC₿ $BTC
Hey guys,
bitcoin is correcting, I drew a similar formation in the weekly review. It looks like a technical correction and a test of the buyers demand zone. We will probably see a recovery from somewhere in this zone. The key areas to watch out for are 60k and the selling climax zone of 57k. The last few days have seen a rebound in net inflows into bitcoin ETFs to the tune of 600 million (smart money is buying).
Stay tuned.
Hey guys,
bitcoin is correcting, I drew a similar formation in the weekly review. It looks like a technical correction and a test of the buyers demand zone. We will probably see a recovery from somewhere in this zone. The key areas to watch out for are 60k and the selling climax zone of 57k. The last few days have seen a rebound in net inflows into bitcoin ETFs to the tune of 600 million (smart money is buying).
Stay tuned.
#BTC $BTC
Hey guys,
US inflation came in at a forecast 3.4%, previous estimate 3.5%.
What this will drive the market, this week, talked to you in the weekly bitcoin review. Enjoy the rebound in the crypto. Bitcoin is currently +5% profit. Stay tuned.
Hey guys,
US inflation came in at a forecast 3.4%, previous estimate 3.5%.
What this will drive the market, this week, talked to you in the weekly bitcoin review. Enjoy the rebound in the crypto. Bitcoin is currently +5% profit. Stay tuned.
LIVEPROFIT_PILOT
--
#BTC #Bitcoin #Midterm $BTC
Hey, everybody,
this is a weekly update on bitcoin.
Bitcoin is correcting, I drew a similar formation in the weekly review. This looks like a technical correction and a test of the buyers demand zone.
Last week the bitcoin ETF had net inflows of 450 million (smart money buys), but at the end of the week we saw another pullback from the 64K resistance zone, which is attributed to a 1 billion option burn.
Supports are still below 60K and behind the local low of 57K, as we understand there is a huge amount of stop liquidity there and it may well be tested. The key resistance is above 64K, a break of which will give the way above 67 and 72K.
Key events that may have an impact on the price.
15.05- Inflation data, consensus forecast 3.4%, previous value 3.5%.
If inflation comes out at 3.5% or worse, it will be negative for the markets and cryptocurrencies in particular, if the forecast is 3.4%, it will be neutral and we will see a continuation of the sideways trend. If inflation comes out better than the forecast of 3.3% or 3.2%, it will be positive for the market and we will see the growth of the cryptocurrency market.
Stay tuned.
Hey, everybody,
this is a weekly update on bitcoin.
Bitcoin is correcting, I drew a similar formation in the weekly review. This looks like a technical correction and a test of the buyers demand zone.
Last week the bitcoin ETF had net inflows of 450 million (smart money buys), but at the end of the week we saw another pullback from the 64K resistance zone, which is attributed to a 1 billion option burn.
Supports are still below 60K and behind the local low of 57K, as we understand there is a huge amount of stop liquidity there and it may well be tested. The key resistance is above 64K, a break of which will give the way above 67 and 72K.
Key events that may have an impact on the price.
15.05- Inflation data, consensus forecast 3.4%, previous value 3.5%.
If inflation comes out at 3.5% or worse, it will be negative for the markets and cryptocurrencies in particular, if the forecast is 3.4%, it will be neutral and we will see a continuation of the sideways trend. If inflation comes out better than the forecast of 3.3% or 3.2%, it will be positive for the market and we will see the growth of the cryptocurrency market.
Stay tuned.
#XRP #XRPL $XRP
Hey, guys,
a quick update on XRP.
The price came to the lower boundary of the sidewall again, failing to break the 0.55 resistance. At this point, the standard rules for working from consolidation boundaries apply, which are break down (unlikely), bounce immediately or with a false breakdown (more likely). The fall is taking place against the background of the ongoing fuss with the court and general negativity on the market. I think we'll see the denouement tomorrow after the inflation data. It is possible that we are seeing a shakeout of weak hands before the trend reverses, but you have to admit that the chart looks weak and has a nasty return on an annualized basis, we have to admit that the holders of this thing have balls of steel and maybe they will be rewarded for their patience (see my previous ideas on XRP). DYOR.
Stay tuned.
Hey, guys,
a quick update on XRP.
The price came to the lower boundary of the sidewall again, failing to break the 0.55 resistance. At this point, the standard rules for working from consolidation boundaries apply, which are break down (unlikely), bounce immediately or with a false breakdown (more likely). The fall is taking place against the background of the ongoing fuss with the court and general negativity on the market. I think we'll see the denouement tomorrow after the inflation data. It is possible that we are seeing a shakeout of weak hands before the trend reverses, but you have to admit that the chart looks weak and has a nasty return on an annualized basis, we have to admit that the holders of this thing have balls of steel and maybe they will be rewarded for their patience (see my previous ideas on XRP). DYOR.
Stay tuned.
LIVEPROFIT_PILOT
--
#XRP #XRPL #xrpstablecoin $XRP
Hey guys.
This is an update on XRP. And this time there is something besides charts.
4.05. Ripple (parent company of XRP), which provides corporate financial services to businesses, announced the release of a stablecoin on the XRPL and Ethereum blockchain, with plans to release a stablecoin on other blockchains in the future.
The coin will be linked 1-to-1 to the U.S. dollar, and backed by cash or equivalent, short-term U.S. government treasuries.
The stablecoin is expected to be available later this year, after regulatory approval.
To better understand how it will work and look, we can make an analogy with the TRON blockchain.
There is the TRON blockchain, which has a TRX coin, and on this blockchain there is a stable coin USDT of TRC 20 standard.
In the case of XRP, it would look like this as I understand it.
An XRPL blockchain that has an XRP coin and on that blockchain a stable coin such as USD(X) will be created.
After that I expect the new stablecoin to compete with existing coins. According to Ripple's statement both XRP and USD (X) coins will be used in the payment solution.
Technically on the chart we can see that the price is trying to break the downtrend, and break the consolidation, in case of consolidation above 0.55 will be the absorption of the bearish candle from April 13, and may open the way to the zone of 0.6-0.65- 0.7$.
Most likely, we will see that a big player will push the price up, working ahead (buy rumors), and on the release of a stable coin will be unloaded on the crowd (sell facts). I will be on the side of the big player. DYOR.
Stay tuned.
Hey guys.
This is an update on XRP. And this time there is something besides charts.
4.05. Ripple (parent company of XRP), which provides corporate financial services to businesses, announced the release of a stablecoin on the XRPL and Ethereum blockchain, with plans to release a stablecoin on other blockchains in the future.
The coin will be linked 1-to-1 to the U.S. dollar, and backed by cash or equivalent, short-term U.S. government treasuries.
The stablecoin is expected to be available later this year, after regulatory approval.
To better understand how it will work and look, we can make an analogy with the TRON blockchain.
There is the TRON blockchain, which has a TRX coin, and on this blockchain there is a stable coin USDT of TRC 20 standard.
In the case of XRP, it would look like this as I understand it.
An XRPL blockchain that has an XRP coin and on that blockchain a stable coin such as USD(X) will be created.
After that I expect the new stablecoin to compete with existing coins. According to Ripple's statement both XRP and USD (X) coins will be used in the payment solution.
Technically on the chart we can see that the price is trying to break the downtrend, and break the consolidation, in case of consolidation above 0.55 will be the absorption of the bearish candle from April 13, and may open the way to the zone of 0.6-0.65- 0.7$.
Most likely, we will see that a big player will push the price up, working ahead (buy rumors), and on the release of a stable coin will be unloaded on the crowd (sell facts). I will be on the side of the big player. DYOR.
Stay tuned.
#BNB $BNB
Hey, guys,
BNB is looking as strong as possible ignoring all corrections and negativity in the market. If the consolidation is broken, we can expect the trend to continue. Cancel scenario is below $500. Stay tuned.
Hey, guys,
BNB is looking as strong as possible ignoring all corrections and negativity in the market. If the consolidation is broken, we can expect the trend to continue. Cancel scenario is below $500. Stay tuned.
#BTC #Bitcoin #Midterm $BTC
Hey, everybody,
this is a weekly update on bitcoin.
Bitcoin is correcting, I drew a similar formation in the weekly review. This looks like a technical correction and a test of the buyers demand zone.
Last week the bitcoin ETF had net inflows of 450 million (smart money buys), but at the end of the week we saw another pullback from the 64K resistance zone, which is attributed to a 1 billion option burn.
Supports are still below 60K and behind the local low of 57K, as we understand there is a huge amount of stop liquidity there and it may well be tested. The key resistance is above 64K, a break of which will give the way above 67 and 72K.
Key events that may have an impact on the price.
15.05- Inflation data, consensus forecast 3.4%, previous value 3.5%.
If inflation comes out at 3.5% or worse, it will be negative for the markets and cryptocurrencies in particular, if the forecast is 3.4%, it will be neutral and we will see a continuation of the sideways trend. If inflation comes out better than the forecast of 3.3% or 3.2%, it will be positive for the market and we will see the growth of the cryptocurrency market.
Stay tuned.
Hey, everybody,
this is a weekly update on bitcoin.
Bitcoin is correcting, I drew a similar formation in the weekly review. This looks like a technical correction and a test of the buyers demand zone.
Last week the bitcoin ETF had net inflows of 450 million (smart money buys), but at the end of the week we saw another pullback from the 64K resistance zone, which is attributed to a 1 billion option burn.
Supports are still below 60K and behind the local low of 57K, as we understand there is a huge amount of stop liquidity there and it may well be tested. The key resistance is above 64K, a break of which will give the way above 67 and 72K.
Key events that may have an impact on the price.
15.05- Inflation data, consensus forecast 3.4%, previous value 3.5%.
If inflation comes out at 3.5% or worse, it will be negative for the markets and cryptocurrencies in particular, if the forecast is 3.4%, it will be neutral and we will see a continuation of the sideways trend. If inflation comes out better than the forecast of 3.3% or 3.2%, it will be positive for the market and we will see the growth of the cryptocurrency market.
Stay tuned.
#BTC #Bitcoin $BTC
Hey, guys,
from the last bitcoin update, we saw a rebound to the 63-64K zone as predicted, but again we see a fall back to support and the buy zone. The bad news is I don't like the fact that we fell so sharply (the rate of fall is higher than the rate of rise is a bearish sign), and the second bad news is that the more often we test the 60K support the weaker it becomes. Supports are still below 60K and behind the local low of 57K, as we understand there is a lot of stop liquidity there and it may well be tested. The key resistance is above 64K, a break of which will give the way above 67 and 72K.
Stay tuned.
Hey, guys,
from the last bitcoin update, we saw a rebound to the 63-64K zone as predicted, but again we see a fall back to support and the buy zone. The bad news is I don't like the fact that we fell so sharply (the rate of fall is higher than the rate of rise is a bearish sign), and the second bad news is that the more often we test the 60K support the weaker it becomes. Supports are still below 60K and behind the local low of 57K, as we understand there is a lot of stop liquidity there and it may well be tested. The key resistance is above 64K, a break of which will give the way above 67 and 72K.
Stay tuned.
LIVEPROFIT_PILOT
--
#Bitcoin #BTC #BTC₿ $BTC
Hey guys,
bitcoin is correcting, I drew a similar formation in the weekly review. It looks like a technical correction and a test of the buyers demand zone. We will probably see a recovery from somewhere in this zone. The key areas to watch out for are 60k and the selling climax zone of 57k. The last few days have seen a rebound in net inflows into bitcoin ETFs to the tune of 600 million (smart money is buying).
Stay tuned.
Hey guys,
bitcoin is correcting, I drew a similar formation in the weekly review. It looks like a technical correction and a test of the buyers demand zone. We will probably see a recovery from somewhere in this zone. The key areas to watch out for are 60k and the selling climax zone of 57k. The last few days have seen a rebound in net inflows into bitcoin ETFs to the tune of 600 million (smart money is buying).
Stay tuned.
#ADA #Cardano $ADA
Hey, guys,
let's take a closer look at Cardano today.
Probably you have already seen a similar fractal with a breakdown and test of rectangular consolidation. Is it possible to repeat the growth cycle within the boundaries of the global ascending channel?
But a few charts that confirm buying in the current market correction are open interest and volume clusters. Whether or not to believe in the global growth of the instrument is a personal matter, but the fact that ADA deserves attention for adding to the portfolio is certain. Always DYOR.
Stay tuned.
Hey, guys,
let's take a closer look at Cardano today.
Probably you have already seen a similar fractal with a breakdown and test of rectangular consolidation. Is it possible to repeat the growth cycle within the boundaries of the global ascending channel?
But a few charts that confirm buying in the current market correction are open interest and volume clusters. Whether or not to believe in the global growth of the instrument is a personal matter, but the fact that ADA deserves attention for adding to the portfolio is certain. Always DYOR.
Stay tuned.
#RLC #iExec #AI $RLC
Hey, guys,
AI sector coins continue to rise.
I recommended this coin at the beginning of the year and we managed to pick up the trend and now RLC is looking stronger than the market, breaking the trend and breaking consolidation, I expect a local HIGH update. Key support below 2.2 more local support below 3$. DYOR. Stay tuned.
Hey, guys,
AI sector coins continue to rise.
I recommended this coin at the beginning of the year and we managed to pick up the trend and now RLC is looking stronger than the market, breaking the trend and breaking consolidation, I expect a local HIGH update. Key support below 2.2 more local support below 3$. DYOR. Stay tuned.
