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Psyco
@Psyco
crypto trader from the beginning, nft creator. https://twitter.com/psycoGAW
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#Solana : Potential Bearish Trendline Breakout and Bullish Sentiment
The cryptocurrency market is known for its volatility and quick trend reversals, $SOL is no exception. Since May 21st, Solana has undergone a long bearish phase which has seen the price constantly drop, putting investor confidence to the test. However, in recent weeks, Solana has shown significant signs of recovery, suggesting that a break of the downtrend line may be imminent.
Even the mere possibility of a trendline break has unleashed a wave of enthusiasm among investors and analysts. Sentiment around Solana has become extremely bullish, with many experts seeing this potential breakout as the prelude to a new bullish phase. Optimism is also fueled by the solid fundamentals of the Solana network, known for its speed and low transaction fees, which continue to attract projects and developers.
If Solana manages to break the downtrendline, he could target $200 again. This goal is not only symbolic, but also represents important technical resistance. Reaching this threshold would further consolidate the positive sentiment and could trigger a new wave of purchases.
Several factors support this optimistic forecast. First, the macroeconomic environment for cryptocurrencies is improving, with greater institutional adoption and growing interest from retail investors. Furthermore, the Solana ecosystem continues to expand, with new DeFi and NFT projects enriching the platform, increasing its attractiveness and intrinsic value.
The cryptocurrency market is known for its volatility and quick trend reversals, $SOL is no exception. Since May 21st, Solana has undergone a long bearish phase which has seen the price constantly drop, putting investor confidence to the test. However, in recent weeks, Solana has shown significant signs of recovery, suggesting that a break of the downtrend line may be imminent.
Even the mere possibility of a trendline break has unleashed a wave of enthusiasm among investors and analysts. Sentiment around Solana has become extremely bullish, with many experts seeing this potential breakout as the prelude to a new bullish phase. Optimism is also fueled by the solid fundamentals of the Solana network, known for its speed and low transaction fees, which continue to attract projects and developers.
If Solana manages to break the downtrendline, he could target $200 again. This goal is not only symbolic, but also represents important technical resistance. Reaching this threshold would further consolidate the positive sentiment and could trigger a new wave of purchases.
Several factors support this optimistic forecast. First, the macroeconomic environment for cryptocurrencies is improving, with greater institutional adoption and growing interest from retail investors. Furthermore, the Solana ecosystem continues to expand, with new DeFi and NFT projects enriching the platform, increasing its attractiveness and intrinsic value.
#BreakingNews : CATHIE WOOD PRAISES EL SALVADOR'S ADOPTION OF BITCOIN AND AI, PREDICTS TENFOLD GDP GROWTH
#CathieWood , founder and CEO of ARK Invest, has recently expressed strong praise for El Salvador and its pioneering approach to adopting #Bitcoin❗ and #artificialintelligence . Wood predicts that, thanks to these technologies, #ElSalvadors 's gross domestic product (GDP) could increase tenfold over the next five years.
Wood commended President Nayib Bukele's commitment to transforming the country into a hub for Bitcoin and AI communities, which she considers two of the most significant economic and technological revolutions in history. According to Wood, Bukele's strategies could lead to unprecedented economic growth for El Salvador.
Additionally, Wood highlighted the importance of strategic partnerships with tech companies like Google Cloud, which are crucial for enhancing the country's digital infrastructure and services. She also emphasized the integration of an advanced technology curriculum into the national education system and the introduction of tax incentives as key factors in driving economic growth and attracting global investments.
Cathie Wood's statements reflect her optimism about El Salvador's potential to leverage technological innovation and cryptocurrency adoption to transform its economy.
#CathieWood , founder and CEO of ARK Invest, has recently expressed strong praise for El Salvador and its pioneering approach to adopting #Bitcoin❗ and #artificialintelligence . Wood predicts that, thanks to these technologies, #ElSalvadors 's gross domestic product (GDP) could increase tenfold over the next five years.
Wood commended President Nayib Bukele's commitment to transforming the country into a hub for Bitcoin and AI communities, which she considers two of the most significant economic and technological revolutions in history. According to Wood, Bukele's strategies could lead to unprecedented economic growth for El Salvador.
Additionally, Wood highlighted the importance of strategic partnerships with tech companies like Google Cloud, which are crucial for enhancing the country's digital infrastructure and services. She also emphasized the integration of an advanced technology curriculum into the national education system and the introduction of tax incentives as key factors in driving economic growth and attracting global investments.
Cathie Wood's statements reflect her optimism about El Salvador's potential to leverage technological innovation and cryptocurrency adoption to transform its economy.
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#BlackRock INTEGRATE YOUR #Bitcoin❗ EFT INTO INCOME AND BOND FUNDS
Investment giant BlackRock's income and bond funds recently included the iShares Bitcoin Trust (IBIT) in their portfolios, according to Securities and Exchange Commission filings for the first quarter.
Specifically, the BlackRock Strategic Income Opportunities fund (BSIIX) acquired $3.56 million in #IBIT while the BlackRock Strategic Global Bond Fund (MAWIX) invested $485,000 in the same ETF. These investments represent a small portion of BSIIX and MAWIX's portfolios, which total $37.4 billion and $776.4 million, respectively.
Currently, the iShares Bitcoin Trust holds $19.61 billion worth of Bitcoin, making it the second largest Bitcoin ETF, just behind the #greyscale Bitcoin Trust which holds $19.76 billion worth of assets.
Globally, spot Bitcoin ETFs hold over one million BTC, with a combined value of $68 billion, representing nearly 5.10% of the approximately 19.7 million Bitcoin in circulation. Since the beginning of the year, more than 600 US investment firms have purchased shares of Bitcoin ETFs. These include Morgan Stanley, #JPMorgan Wells Fargo, Royal Bank of Canada, BNP Paribas and UBS, as well as hedge funds such as Millennium Management and Schonfeld Strategic Advisors.
Millennium Management emerges as the largest investor in Bitcoin ETF, with a total investment of $1.9 billion, including $844.2 million in the IBIT and $806.7 million in the Fidelity Wise Origin Bitcoin Fund (FBTC).
Investment giant BlackRock's income and bond funds recently included the iShares Bitcoin Trust (IBIT) in their portfolios, according to Securities and Exchange Commission filings for the first quarter.
Specifically, the BlackRock Strategic Income Opportunities fund (BSIIX) acquired $3.56 million in #IBIT while the BlackRock Strategic Global Bond Fund (MAWIX) invested $485,000 in the same ETF. These investments represent a small portion of BSIIX and MAWIX's portfolios, which total $37.4 billion and $776.4 million, respectively.
Currently, the iShares Bitcoin Trust holds $19.61 billion worth of Bitcoin, making it the second largest Bitcoin ETF, just behind the #greyscale Bitcoin Trust which holds $19.76 billion worth of assets.
Globally, spot Bitcoin ETFs hold over one million BTC, with a combined value of $68 billion, representing nearly 5.10% of the approximately 19.7 million Bitcoin in circulation. Since the beginning of the year, more than 600 US investment firms have purchased shares of Bitcoin ETFs. These include Morgan Stanley, #JPMorgan Wells Fargo, Royal Bank of Canada, BNP Paribas and UBS, as well as hedge funds such as Millennium Management and Schonfeld Strategic Advisors.
Millennium Management emerges as the largest investor in Bitcoin ETF, with a total investment of $1.9 billion, including $844.2 million in the IBIT and $806.7 million in the Fidelity Wise Origin Bitcoin Fund (FBTC).
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SEC and $ETH ETF Funds: Approval may be imminent
The US SEC has begun the approval process for the long-awaited Ethereum exchange-traded funds (ETFs). Discussions between potential Ethereum ETF issuers and the regulator are ongoing.
According to CoinTelegraph, reporter Eleanor Terrett reported that talks between SEC staff and Ether ETF issuers on S-1 forms ended with the understanding that there is still work to be done. S-1 forms are registration statements that companies must file with the SEC and include detailed information about the company and the securities they plan to offer. Forms 19b-4, however, are regulatory filings used by self-regulatory organizations such as stock exchanges to propose new rules or modify existing ones.
Terrett also cited ETF experts' opinions on the matter. If the SEC approves Forms 19b-4 on May 23, Terrett speculated that the SEC could work with Ethereum ETF issuers on Forms S-1s in the coming weeks or months.
Other analysts and cryptocurrency experts have made their predictions on when the US SEC might give a verdict on the approval of Ethereum ETFs. Eric Balchunas, Senior ETF Analyst at Bloomberg, expects the SEC to release an announcement on May 23, mirroring the timing of the Bitcoin ETF's approval.
This development follows the passage of a cryptocurrency bill in the US House of Representatives, which passed on May 22.
Consensys CEO Joseph Lubin said that in his opinion, Ethereum ETFs in the US are a virtual certainty, but the process behind the S-1 forms could delay approval.
The approval of a Bitcoin ETF in January brought a significant influx of money into the cryptocurrency sector, bolstering its legitimacy. The Ethereum ETF could push the price of Ethereum up to $10.000.
#Etf #ETHEREUM
The US SEC has begun the approval process for the long-awaited Ethereum exchange-traded funds (ETFs). Discussions between potential Ethereum ETF issuers and the regulator are ongoing.
According to CoinTelegraph, reporter Eleanor Terrett reported that talks between SEC staff and Ether ETF issuers on S-1 forms ended with the understanding that there is still work to be done. S-1 forms are registration statements that companies must file with the SEC and include detailed information about the company and the securities they plan to offer. Forms 19b-4, however, are regulatory filings used by self-regulatory organizations such as stock exchanges to propose new rules or modify existing ones.
Terrett also cited ETF experts' opinions on the matter. If the SEC approves Forms 19b-4 on May 23, Terrett speculated that the SEC could work with Ethereum ETF issuers on Forms S-1s in the coming weeks or months.
Other analysts and cryptocurrency experts have made their predictions on when the US SEC might give a verdict on the approval of Ethereum ETFs. Eric Balchunas, Senior ETF Analyst at Bloomberg, expects the SEC to release an announcement on May 23, mirroring the timing of the Bitcoin ETF's approval.
This development follows the passage of a cryptocurrency bill in the US House of Representatives, which passed on May 22.
Consensys CEO Joseph Lubin said that in his opinion, Ethereum ETFs in the US are a virtual certainty, but the process behind the S-1 forms could delay approval.
The approval of a Bitcoin ETF in January brought a significant influx of money into the cryptocurrency sector, bolstering its legitimacy. The Ethereum ETF could push the price of Ethereum up to $10.000.
#Etf #ETHEREUM
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$BTC : Potential ETF Liquidity Crisis Expected within Six Months
Bitcoin could face a “sell-side liquidity crisis” by September due to the rapid inflow of institutional funds into Bitcoin ETFs, according to an industry analyst. Ki Young Ju, founder and CEO of on-chain analytics platform CryptoQuant, speculated on this scenario in a thread on X published today, noting that the crisis could occur within the next six months.
Industry players believe that allocation to Bitcoin by institutions is just beginning, with Bitcoin ETFs having already seen a highly successful launch, holding nearly $30 billion. However, if the current inflow trend persists, there could be a shortage of available Bitcoin to meet demand, putting Bitcoin bears in a bind.
Ki highlighted that this week alone, ETFs have accumulated more than 30,000 BTC, while exchanges and miners hold around 3 million BTC, of which 1.5 million BTC are from US entities. At this rate, a sell-side liquidity crisis could occur within six months.
In contrast, the Grayscale Bitcoin Trust (GBTC) has seen daily outflows typically reaching $500 million, but despite this, the value of GBTC's BTC holdings has remained virtually unchanged. This could pose a problem in the future, especially when demand for ETFs reaches tipping point, potentially impacting the price of Bitcoin beyond market expectations.
#Write2Earn #Bitcoin #Etf #Cryptocurrency #CryptoNews
Bitcoin could face a “sell-side liquidity crisis” by September due to the rapid inflow of institutional funds into Bitcoin ETFs, according to an industry analyst. Ki Young Ju, founder and CEO of on-chain analytics platform CryptoQuant, speculated on this scenario in a thread on X published today, noting that the crisis could occur within the next six months.
Industry players believe that allocation to Bitcoin by institutions is just beginning, with Bitcoin ETFs having already seen a highly successful launch, holding nearly $30 billion. However, if the current inflow trend persists, there could be a shortage of available Bitcoin to meet demand, putting Bitcoin bears in a bind.
Ki highlighted that this week alone, ETFs have accumulated more than 30,000 BTC, while exchanges and miners hold around 3 million BTC, of which 1.5 million BTC are from US entities. At this rate, a sell-side liquidity crisis could occur within six months.
In contrast, the Grayscale Bitcoin Trust (GBTC) has seen daily outflows typically reaching $500 million, but despite this, the value of GBTC's BTC holdings has remained virtually unchanged. This could pose a problem in the future, especially when demand for ETFs reaches tipping point, potentially impacting the price of Bitcoin beyond market expectations.
#Write2Earn #Bitcoin #Etf #Cryptocurrency #CryptoNews
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The 5 best meme coins to absolutely have in your wallet!
SHIBA INU
The advanced algorithm of the analysis and prediction platform PricePredictions estimates that the price of the meme coin $SHIB will continue to increase, until reaching the level of $0.000043 by March 31, 2024.
DOGECOIN
$DOGE is the most important meme coin by market cap, and represents one of the most interesting growing cryptocurrencies of the moment. In fact, several analysts suggest that over the next few years, this meme coin could reach $1.
SPONGE V2
After the success of SPONGE during 2023, the development team decided to reward the community by placing a renewed version of this meme coin on the market.
SCOTTY THE AI
Scotty the AI is a new crypto project that combines artificial intelligence with blockchain technology to strengthen security and fraud detection in the cryptocurrency space, improving the confidentiality and integrity of the ecosystem.
SMOG
Smog is a rapidly rising meme coin in the cryptocurrency world. Its foundation is solid and rests on the potential of the blockchains on which it is built (Solana), exploiting its native token, SMOG, to incentivize investors and fuel the growth of the community.
#Write2Earn #Meme #SHIBA_INU #DOGE
SHIBA INU
The advanced algorithm of the analysis and prediction platform PricePredictions estimates that the price of the meme coin $SHIB will continue to increase, until reaching the level of $0.000043 by March 31, 2024.
DOGECOIN
$DOGE is the most important meme coin by market cap, and represents one of the most interesting growing cryptocurrencies of the moment. In fact, several analysts suggest that over the next few years, this meme coin could reach $1.
SPONGE V2
After the success of SPONGE during 2023, the development team decided to reward the community by placing a renewed version of this meme coin on the market.
SCOTTY THE AI
Scotty the AI is a new crypto project that combines artificial intelligence with blockchain technology to strengthen security and fraud detection in the cryptocurrency space, improving the confidentiality and integrity of the ecosystem.
SMOG
Smog is a rapidly rising meme coin in the cryptocurrency world. Its foundation is solid and rests on the potential of the blockchains on which it is built (Solana), exploiting its native token, SMOG, to incentivize investors and fuel the growth of the community.
#Write2Earn #Meme #SHIBA_INU #DOGE
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AI predicts the price of #Bitcoin and #Ripple for the end of 2024.
AI Copilot was asked to make a prediction for $BTC and $XRP by calculating Bitcoin's upcoming halving and Ripple's payments use case, and the response was obviously bullish.
The price range for #XRP by the end of 2024 is between $0.60 and $1.20
The price range for #btc by the end of 2024 is between $80k and $85k.
THEY ARE NOT FINANCIAL ADVICE ALWAYS CONDUCT YOUR RESEARCH BEFORE MAKING YOUR INVESTMENT #DYOR
AI Copilot was asked to make a prediction for $BTC and $XRP by calculating Bitcoin's upcoming halving and Ripple's payments use case, and the response was obviously bullish.
The price range for #XRP by the end of 2024 is between $0.60 and $1.20
The price range for #btc by the end of 2024 is between $80k and $85k.
THEY ARE NOT FINANCIAL ADVICE ALWAYS CONDUCT YOUR RESEARCH BEFORE MAKING YOUR INVESTMENT #DYOR
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probably in the next few days we will see a retracement of #Bitcoin before reaching the all-time high.
In my opinion the maximum extension it can do is the 44-42k area. I remain bullish of course and believe that a new high will arrive in the next few months.
#BTC #Cryptocurrency #BTCUSDT
In my opinion the maximum extension it can do is the 44-42k area. I remain bullish of course and believe that a new high will arrive in the next few months.
#BTC #Cryptocurrency #BTCUSDT
#BTC 50k in two days, double top in one week, new all-time high in 10 days.
#BullRun2024. has officially started!
#BullRun2024. has officially started!
Creating an account means you're setting up an account on the NEAR blockchain. It's fully functional, allowing you to store, send tokens, or export your account to any other wallet.
🔥What's HOT?
HOT is centerpiece for Telegram wallet with fair launch. Just create an account to start mining HOT 👉 t.me/herewalletbot/app?startapp=188615
🔥What's HOT?
HOT is centerpiece for Telegram wallet with fair launch. Just create an account to start mining HOT 👉 t.me/herewalletbot/app?startapp=188615
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Stunning Success for Bitcoin ETFs: Record Trading in First Three Days of Trading
In recent days, the debut of Bitcoin ETFs has marked an impressive triumph in the world of finance, with extraordinary trading volume reaching nearly $10 billion. This result far exceeded the entire combined activity of all ETFs launched during 2023, which had totaled just $450 million.
In particular, the $IBIT ETF shined, demonstrating superior trading activity among the entire class of new ETFs of 2023. Despite a slight 7.4% decrease in Bitcoin's value during the first three days of trading, the Cryptocurrency-linked ETFs have generated significantly higher flows and trading volumes than gold-linked ETFs.
This spectacular performance underlines the enormous investor interest in Bitcoin-related financial instruments, despite the price fluctuations of the parent cryptocurrency. The enthusiasm shown by investors has exceeded expectations, further solidifying Bitcoin's growing integration into the mainstream financial landscape.
But then why this descent? Obviously the rule "buy the rumors, sell the news" always applies, the important thing in my opinion is to stay and consolidate between 40k and 38k.
#Bitcoin #etf #ibit #btc #CryptoNews
In recent days, the debut of Bitcoin ETFs has marked an impressive triumph in the world of finance, with extraordinary trading volume reaching nearly $10 billion. This result far exceeded the entire combined activity of all ETFs launched during 2023, which had totaled just $450 million.
In particular, the $IBIT ETF shined, demonstrating superior trading activity among the entire class of new ETFs of 2023. Despite a slight 7.4% decrease in Bitcoin's value during the first three days of trading, the Cryptocurrency-linked ETFs have generated significantly higher flows and trading volumes than gold-linked ETFs.
This spectacular performance underlines the enormous investor interest in Bitcoin-related financial instruments, despite the price fluctuations of the parent cryptocurrency. The enthusiasm shown by investors has exceeded expectations, further solidifying Bitcoin's growing integration into the mainstream financial landscape.
But then why this descent? Obviously the rule "buy the rumors, sell the news" always applies, the important thing in my opinion is to stay and consolidate between 40k and 38k.
#Bitcoin #etf #ibit #btc #CryptoNews
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"Trading Pills: Exploring Advanced Technical Analysis"
Advanced technical analysis is a crucial building block for any trader eager to hone their skills in anticipating market movements. In this "trading pill", we will take a detailed look at some advanced concepts that will help you interpret price behavior in more depth.
Advanced Japanese Candles: Deciphering the Language of Charts
Japanese candlesticks are a powerful technical analysis tool, but when dealing with more advanced patterns, you need to deepen your understanding of this art. We will discover here some advanced models and how to interpret them.
Advanced Japanese Candles: Deciphering the Language of Charts
Japanese candlesticks are a powerful technical analysis tool, but when dealing with more advanced patterns, you need to deepen your understanding of this art. We will discover here some advanced models and how to interpret them.
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Please consider following this new YouTube channel and helping it grow.
The boys are very good
https://youtube.com/@MoneyBayHub?feature=shared
The boys are very good
https://youtube.com/@MoneyBayHub?feature=shared
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It happened dear cryptonauts... the SEC has approved the spot ETFs of #bitcoin .
One small step for man, one big step for humanity!
One small step for man, one big step for humanity!
Trading Pills: Unveiling the Power of Money Management
Welcome back to the "Trading pills" series! In this second installment, we shift our focus to a fundamental aspect that can significantly impact your trading success: money management. Mastering the art of managing your capital is a key ingredient in navigating the dynamic world of financial markets.1. Determining Risk PercentageAt the core of effective money management is the establishment of a risk percentage. Decide on the amount you are comfortable risking on each trade, typically falling wi
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Technological Solar Eclipse: The Potential Impacts of Solar Storms on Cryptocurrencies
"Region 3514 (N05W43, Ekc/Beta-Gamma), source of the X2.8 flare, the M5.8 flare and several C-class flares, showed a substantial growth in sunspots and an increase in complexity magnetic in the last 24 hours."
Solar flares are violent explosions on the surface of the Sun that release enormous amounts of energy in various forms, including light, radio waves and charged particles. These events are caused by complex variations in solar magnetic fields.
Solar flares are violent explosions on the surface of the Sun that release enormous amounts of energy in various forms, including light, radio waves and charged particles. These events are caused by complex variations in solar magnetic fields.
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Doge on weekly TV has enormous potential in view of the alt season which could arrive soon, will it be able to reach historic highs or even surpass them? What do you think about it?
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Digital Euro? NO THANK YOU!
“Central bank currency in digital form, available for all electronic payments made in physical shops, online or between private individuals” these are the words of #bce regarding its “Crypto”.
Dear ECB, do you even know the reason for the birth of the digital currency?
Do you even know why #bitcoin exists?
Dear ECB, you can keep your centralized and unlimited digital currency for yourself!
We have Bitcoin, limited and decentralized! 🖕
“Central bank currency in digital form, available for all electronic payments made in physical shops, online or between private individuals” these are the words of #bce regarding its “Crypto”.
Dear ECB, do you even know the reason for the birth of the digital currency?
Do you even know why #bitcoin exists?
Dear ECB, you can keep your centralized and unlimited digital currency for yourself!
We have Bitcoin, limited and decentralized! 🖕