🥶 CME Bitcoin Futures Net Short Positions Reach $1 Billion | Michael Stenylod on Binance Square

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Michael Stenylod

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Bullish

🥶 CME Bitcoin Futures Net Short Positions Reach $1 Billion
Such goodies need to be shaved off 😈
#BTC  #Futures   $BTC 

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

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💰 Bitcoin Таймфрейм: 4Ч Реализуется сценарий, который был обозначен в предыдущем обзоре. Пока цена находится выше 56500.00, структура треугольника остается актуальной. Напоминаю, что данная коррекция в моем видении является локальной, бычий рынок еще не завершен. #BTC $BTC #Bitcoin #CryptoTradingGuide

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Siacoin Timeframe: 7D Altcoin looks interesting. In my vision there is a triangle structure that is in the final stages of its formation. I noted the target at 0.08 on the quote; I don’t consider the logarithmic potential. Revision of markings when the price goes below 0.002. The ratio of potential profit to risk is extremely favorable. #Siacoin #CryptoTradingGuide #AltcoinStrategies

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💰Dogecoin Timeframe: 7D Based on your numerous requests, I am doing a review of this altcoin. The structure of market movements from 2014 to 2020 formed a large-scale triangle with potential at a round quote of 1.00, which was ideally realized. After the formation of the final growth wave, a senior correction began. If we look at the upward movement that began in June 2022, we can clearly see that it is not an impulse or a diagonal, so it cannot be called the beginning of a bull market. The structure shows the formation of a double zigzag, which serves as a correction before the continuation of the downward trend. The altcoin itself is absolutely nothing; it grows solely due to people’s belief that growth will continue. Consequently, when market sentiment towards this dud becomes negative, the price will fall uncontrollably. Considering the chart and fundamental factors, I strongly do not recommend having this cryptocurrency in your portfolio. #DOGE $DOGE

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Kaspa Timeframe: 1D There have been many requests to analyze this altcoin. Based on the structure, I assume that the third wave of the bull market is now ending. I expect the senior correction to begin in the near future. Considering the extreme inflation of the bubble and the fact that growth is in the final phase, I do not recommend buying it. Holders should be wary and begin gradual fixation. #KAS #KAS/USDT

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OKX's Chief Commercial Officer Lennix Lai commented on the prospects of the cryptocurrency Cardano (ADA). According to him, the fate of the project is entirely in the hands of the developers, who have begun to fight for investors' attention once again. The startup's founder, Charles Hoskinson, recently outlined a long-term strategy to turn the platform into a leading force in the cryptocurrency market. According to Lennix, the developer emphasized the importance of developing decentralized applications (dApps) and scaling the network through the Voltaire and Basho updates. These upgrades are aimed at improving governance and addressing scalability issues. The expert believes that if the technical aspects hold up, the platform's attractiveness to developers and users will increase significantly. Despite the optimistic statements, the ADA cryptocurrency is clearly facing difficulties. The recovery of its price lags behind its "neighbors" in the market capitalization rankings. Cardano continues to occupy a place in the top 10 cryptocurrencies by market value, which indicates stable support from investors. However, according to Lai, for further growth of ADA's price, more active integration into real projects and applications, as well as improving the platform's perception among users and developers, are necessary. "This is where the upgrades come into play." The OKX expert noted that one of the key factors that could influence Cardano's future is the development of its ecosystem. "The expansion of smart contract usage and the launch of new dApps could play a decisive role in increasing the demand for ADA. The platform team is actively working on improving infrastructure and attracting partners, which could also contribute to growth in a bullish market." Thus, the future of Cardano in a bullish market will depend on several factors. If the project manages to overcome all challenges, ADA has every chance for a successful future. #CardanoCommunity #ADA! $ADA

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