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CRYPTO MECHANIC
28 Jan
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STAY SAFE
8h
Someone asked Bybit how many users are affected by the $1.4 billion hack "To be honest, right now, everyone is affected."
8h
Did a little more research on if china is actually printing this much money. The answer is no The Bank of China changed the way they used to measure M1 supply. It now adds retail bank demand deposits and money stored, which has boosted M1 supply. That means they're not printing the money but they changed their formula of calculating the money supply.
10h
Bybit confirms its $ETH cold wallet was compromised due to a UI spoofing attack. Hackers altered the smart contract logic, gaining control and drained $1.4B+ of funds. One point four Billion dollars 😵
12h
Most of the Altcoins are in a clean downtrend on daily timeframe. This is how you can evaluate if the trend is shifted or not. Go through the daily charts and you'll see price creating lower highs and lower lows. When Bearish Trend Breaks? You need to wait for the price to break the lower highs streak on the daily chart. Once it does, You should shift your bias from bearish to bullish and look for some swing trade opportunities based on the daily chart. why High timeframe only? Because it provides you the most accurate picture and results I have attached the examples for your better understanding.
14h
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