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Proekt_73
@Proekt_73
Анализ крипторынка, Срочные новости. Наши сделки с объяснением их логики. Не даем финансовых рекомендаций, DYOR! Тупые комменты - бан
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FTT has reached the second entry point. The order was executed, although we began to think it wouldn't make it. With 50% of the allocated deposit for #FTT, we bought it at 3.2403$ 9 on December 3, 2022, and placed a buy order for the remaining 50% at 2.6000$ . In total, the average entry price is $2.9201.
Let us remind you, on December 9, the FTT rate transitioned to a stable uptrend on the weekly timeframe, and that was when we bought this "zombie asset." As much as it doesn't regret, on the spot and without a stop.
Next, either a move towards 16$ (where the EMA 200 of the weekly timeframe and EMA 50 of the monthly timeframe are currently located) and above, or a scam. But, considering the start of the altseason, it's more likely the former. Also, payouts to the exchange's creditors will still make some noise. Although in terms of the future of the token, they shouldn't affect it, as a reason for asset growth - it will fit. Binance still has to unload this asset into the market from its reserves at an acceptable price.
It will be interesting to see if the idea of covering the imbalance from the November 2022 dump will work out. And to unload its remaining assets, purchased even before the FTX scam. Alerts on the monthly timeframe for a potential cycle high have been set.
On the daily timeframe, the asset has a second (out of three) signal of a potential low. And the approach to the EMA 50 of the daily timeframe (currently at $2.4582). There are chances to test it. Further, with a favorable outcome, we expect a reversal.
Let us remind you, on December 9, the FTT rate transitioned to a stable uptrend on the weekly timeframe, and that was when we bought this "zombie asset." As much as it doesn't regret, on the spot and without a stop.
Next, either a move towards 16$ (where the EMA 200 of the weekly timeframe and EMA 50 of the monthly timeframe are currently located) and above, or a scam. But, considering the start of the altseason, it's more likely the former. Also, payouts to the exchange's creditors will still make some noise. Although in terms of the future of the token, they shouldn't affect it, as a reason for asset growth - it will fit. Binance still has to unload this asset into the market from its reserves at an acceptable price.
It will be interesting to see if the idea of covering the imbalance from the November 2022 dump will work out. And to unload its remaining assets, purchased even before the FTX scam. Alerts on the monthly timeframe for a potential cycle high have been set.
On the daily timeframe, the asset has a second (out of three) signal of a potential low. And the approach to the EMA 50 of the daily timeframe (currently at $2.4582). There are chances to test it. Further, with a favorable outcome, we expect a reversal.
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BTC is likely preparing today to test the trend support from December 13
BTC is likely preparing today to test the trend support from December 13. Right now it is at $101,545, but the longer the test is delayed, the higher the test level will be.
From the overnight review, it became clear, at least, that the rise is not a bull trap. But a healthy rise within the transition between volume levels:
From the overnight review, it became clear, at least, that the rise is not a bull trap. But a healthy rise within the transition between volume levels:
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Despite the new ATH of BTC, several altcoins on the new weekly candle showed potential highs.
Despite the new ATH of BTC ($106,648), a whole range of altcoins on the new weekly candle showed potential highs.
Our monitoring system #P73Signals sent 37 (!) signals of potential highs on the weekly timeframe last night, some of which are Strong signals.
Moreover, among them are giants like #XRP (Strong signal, first marker out of three possible), #ADA (Strong signal, first marker out of three possible), #LINK (Strong signal, first marker out of three possible), #SUI (Strong signal, already the second marker out of three possible). And #ETH has already shown the second signal of potential highs on the weekly timeframe out of three possible (without a Strong signal, which lays a greater probability on the continuation of growth). One can look at how such signals have played out in history.
Our monitoring system #P73Signals sent 37 (!) signals of potential highs on the weekly timeframe last night, some of which are Strong signals.
Moreover, among them are giants like #XRP (Strong signal, first marker out of three possible), #ADA (Strong signal, first marker out of three possible), #LINK (Strong signal, first marker out of three possible), #SUI (Strong signal, already the second marker out of three possible). And #ETH has already shown the second signal of potential highs on the weekly timeframe out of three possible (without a Strong signal, which lays a greater probability on the continuation of growth). One can look at how such signals have played out in history.
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BTC Rate Updates ATH Ahead of New Trading Week
BTC rate updated ATH before the start of the new trading week. There is a breakout of $104,088 and a new maximum of $105,250.
The decline to the "magnet" price that began on Sunday evening (Friday's trading closed at $101,840) encountered support - the volume level of $102,641. Buyers reacted from it. The price tested this level all Sunday and while it is higher, the priority is not just maintaining the gap, but also continuing the growth.
The decline to the "magnet" price that began on Sunday evening (Friday's trading closed at $101,840) encountered support - the volume level of $102,641. Buyers reacted from it. The price tested this level all Sunday and while it is higher, the priority is not just maintaining the gap, but also continuing the growth.
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Our account on Binance Square has reached 40,000 subscribers today. Thank you to everyone involved for valuing our work!
There are different situations, and we even had to add a rule in the description for banning silly comments 😅. BUT we are very grateful to #Binance for the opportunity to connect with such a large audience. We also appreciate those readers and subscribers who value our work. When we read comments like "your warning about the scam saved me $5,000" - it truly warms our hearts 😁
Plus, a huge number of really smart traders and cryptocurrency market investors have joined our platforms on other resources SPECIFICALLY from Binance Square.
Thank you for being with us 🤝
There are different situations, and we even had to add a rule in the description for banning silly comments 😅. BUT we are very grateful to #Binance for the opportunity to connect with such a large audience. We also appreciate those readers and subscribers who value our work. When we read comments like "your warning about the scam saved me $5,000" - it truly warms our hearts 😁
Plus, a huge number of really smart traders and cryptocurrency market investors have joined our platforms on other resources SPECIFICALLY from Binance Square.
Thank you for being with us 🤝
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BTC and USDT+USDC Dominance: overall picture and conclusions
BTC and USDT+USDC Dominance: overall picture and conclusions.
ON THE DOMINANCE OF STABLECOINS BTC.
BTC dominance met the conditions for growth after yesterday's post. And it is moving towards the target around EMA 200 of the four-hour timeframe (currently 57.60%).
From yesterday's review:
«… Maintaining this support today (EMA 50 of the four-hour timeframe, - note.) will instead open the path to continued growth of dominance, at least until the baseline targets up to 58.18%. More likely - up to the EMA 200 of the four-hour timeframe, which is currently at the level of 57.66%.»
ON THE DOMINANCE OF STABLECOINS BTC.
BTC dominance met the conditions for growth after yesterday's post. And it is moving towards the target around EMA 200 of the four-hour timeframe (currently 57.60%).
From yesterday's review:
«… Maintaining this support today (EMA 50 of the four-hour timeframe, - note.) will instead open the path to continued growth of dominance, at least until the baseline targets up to 58.18%. More likely - up to the EMA 200 of the four-hour timeframe, which is currently at the level of 57.66%.»
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The last few days have shown that BTC has “moved up a floor” in its range. To $99,381-$102,641
The last few days have shown that BTC has “moved up a floor” in its range. From the range of $98,433-$101,903 to $99,381-$102,641 in terms of volume levels.
This is clearly not a sign of buyers' weakness. Plus, the price according to our P73 Trend & Target Dynamics indicator yesterday returned to a stable uptrend on the hourly TF. Without allowing the basic targets of the decline to be worked out and breaking the signal of a potential high.
This is clearly not a sign of buyers' weakness. Plus, the price according to our P73 Trend & Target Dynamics indicator yesterday returned to a stable uptrend on the hourly TF. Without allowing the basic targets of the decline to be worked out and breaking the signal of a potential high.
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TOP 10 RWA (real world asset tokenization) crypto assets by developer activity as of December 2024. Analysis by #Santiment. On topic for #Bitwise's forecast on the value of tokenized real world assets in 2025.
1. #LINK, #Chainlink,
2. #SNX, #Synthetix,
3. #DUSK, #Dusk,
4. #POLYX, #Polymesh,
5. #MKR, #Maker,
6. #LMR, #Lumerin,
7. #ORAI, #OraichainToken,
8. #CFG, #Centrifuge,
9. #CTC, #Creditcoin,
10. #BOSON, #BosonProtocol.
Chainlink (#LINK) continues to lead in developer activity. And by a very noticeable margin. In second place, also by a significant margin, is Synthetix (#SNX).
1. #LINK, #Chainlink,
2. #SNX, #Synthetix,
3. #DUSK, #Dusk,
4. #POLYX, #Polymesh,
5. #MKR, #Maker,
6. #LMR, #Lumerin,
7. #ORAI, #OraichainToken,
8. #CFG, #Centrifuge,
9. #CTC, #Creditcoin,
10. #BOSON, #BosonProtocol.
Chainlink (#LINK) continues to lead in developer activity. And by a very noticeable margin. In second place, also by a significant margin, is Synthetix (#SNX).
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10 key cryptocurrency market forecasts from Bitwise (one of the issuers of spot Bitcoin ETFs) for 2025.
10 key cryptocurrency market forecasts from Bitwise (one of the issuers of spot Bitcoin ETFs) for 2025.
1. #BTC, #ETH, and #SOL will reach new ATH, #BTC will trade above $200,000.
2. Bitcoin ETFs will attract more funds next year than in 2024.
3. The cryptocurrency exchange #Coinbase will surpass Charles Schwab as the most valuable broker in the world. The company's stock price will reach $700.
1. #BTC, #ETH, and #SOL will reach new ATH, #BTC will trade above $200,000.
2. Bitcoin ETFs will attract more funds next year than in 2024.
3. The cryptocurrency exchange #Coinbase will surpass Charles Schwab as the most valuable broker in the world. The company's stock price will reach $700.
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Can TWT repeat the pump fate of BNB? A question received in a private message.
Can TWT repeat the pump fate of BNB? A question received in a private message.
We have written many times that there are four key factors contributing to this:
1. A strong fundamental basis for the project, the TOP-1 crypto wallet in the world and a flagship for innovations in this sector. A team that is steadily growing and expanding.
We have written many times that there are four key factors contributing to this:
1. A strong fundamental basis for the project, the TOP-1 crypto wallet in the world and a flagship for innovations in this sector. A team that is steadily growing and expanding.
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The dominance of BTC has been showing a bounce since yesterday, which was warned about in yesterday's review.
The dominance of BTC has been showing a bounce since yesterday, which was warned about in yesterday's review. Let's remember:
«... locally, on the four-hour timeframe, the dominance is still in a stable uptrend and there is a signal of a potential low. If the signal is not broken - we can expect that today or tomorrow Bitcoin will pull liquidity from altcoins or, at least, absorb it faster than altcoins.»
«... locally, on the four-hour timeframe, the dominance is still in a stable uptrend and there is a signal of a potential low. If the signal is not broken - we can expect that today or tomorrow Bitcoin will pull liquidity from altcoins or, at least, absorb it faster than altcoins.»
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The BTC exchange rate yesterday showed a false breakout above the level of $101,903, but returned to the consolidation range. This range, let us remind you, is $98,433-$101,903. With an intermediate volume level of $99,481. It is $99,481 that has now served as support during the correction from the upper boundary of the range.
Since December 6, the price has potentially been forming an inverse head and shoulders pattern with a target around $110,000. This coincides with the targets of a stable uptrend for the asset according to our indicator on the two-hour and four-hour timeframes. To realize this scenario, the price should ideally remain above the 50 EMA on the four-hour timeframe, which is currently at $98,918. A breakout below does not break the pattern but indicates a threat of a breakdown. Overall, the volume range of $97,553-$98,433 remains important for support - including for this probable pattern.
Locally, on the hourly timeframe, #BTC currently has a downtrend with yet-to-be-reached base targets of $98,444 and $97,627. There is no confirmation with the body of the hourly candle above $101,302 or until the price returns to a stable uptrend on this timeframe - the asset is heading towards these targets.
$BTC
Since December 6, the price has potentially been forming an inverse head and shoulders pattern with a target around $110,000. This coincides with the targets of a stable uptrend for the asset according to our indicator on the two-hour and four-hour timeframes. To realize this scenario, the price should ideally remain above the 50 EMA on the four-hour timeframe, which is currently at $98,918. A breakout below does not break the pattern but indicates a threat of a breakdown. Overall, the volume range of $97,553-$98,433 remains important for support - including for this probable pattern.
Locally, on the hourly timeframe, #BTC currently has a downtrend with yet-to-be-reached base targets of $98,444 and $97,627. There is no confirmation with the body of the hourly candle above $101,302 or until the price returns to a stable uptrend on this timeframe - the asset is heading towards these targets.
$BTC
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Important events for the crypto market on December 13 from the economic calendar.
Today is one of the most uneventful days of the week. BUT there is a nuance - it's "Friday the thirteenth." A number of market raiders always anticipate shocks on these days. However, the status of a "self-fulfilling prophecy" is only achieved when there are reasons for it. The overheated and over-leveraged crypto market has already received its "Friday the thirteenth" in advance - on Monday the ninth.
Schedule for the day:
- 09:00 Kyiv time / 10:00 MSK / 12:00 Astana time - GDP, Industrial production volume, and Trade balance of the United Kingdom. Important due to the role of the United Kingdom in the global economy and the role of the British pound in calculating the US Dollar Index DXY. Indirect influence on the crypto market. The data has already been released and it is significantly worse than forecasts.
- 15:30 Kyiv time / 16:30 MSK / 18:30 Astana time - US Export and Import Price Index (m/m) (November). Important for assessing recession risks.
Today is one of the most uneventful days of the week. BUT there is a nuance - it's "Friday the thirteenth." A number of market raiders always anticipate shocks on these days. However, the status of a "self-fulfilling prophecy" is only achieved when there are reasons for it. The overheated and over-leveraged crypto market has already received its "Friday the thirteenth" in advance - on Monday the ninth.
Schedule for the day:
- 09:00 Kyiv time / 10:00 MSK / 12:00 Astana time - GDP, Industrial production volume, and Trade balance of the United Kingdom. Important due to the role of the United Kingdom in the global economy and the role of the British pound in calculating the US Dollar Index DXY. Indirect influence on the crypto market. The data has already been released and it is significantly worse than forecasts.
- 15:30 Kyiv time / 16:30 MSK / 18:30 Astana time - US Export and Import Price Index (m/m) (November). Important for assessing recession risks.
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Long-term BTC holders retain (or sell very cautiously), while short-term holders accumulate.
Long-term BTC holders retain (or sell very cautiously), while short-term holders accumulate.
Such data for the last few months is provided by the infographic from #Glassnode. Where the distribution of value over time of holding coins is visualized with colored layers.
In this cycle, the share of only the 2-3 year and 1-2 year holder categories has significantly decreased. The first began to decline in the spring of 2024. The second - even since the spring of 2023.
Such data for the last few months is provided by the infographic from #Glassnode. Where the distribution of value over time of holding coins is visualized with colored layers.
In this cycle, the share of only the 2-3 year and 1-2 year holder categories has significantly decreased. The first began to decline in the spring of 2024. The second - even since the spring of 2023.
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Donald Trump promises "something great with cryptocurrency." He made this comment to Jim Cramer from CNBC during the opening of trading on the New York Stock Exchange, where the elected president was present.
Quote:
"We will do something great with cryptocurrency. We don’t need China or anyone else - others are accepting this, and we want to be at the forefront. We will also be ahead in the AI direction.
To do this, we must at least double the amount of electricity produced. These are specific industries. We must adopt regulations, do everything without harming the environment, and ensure that everything runs smoothly."
It seems that besides buying cryptoassets, another smart idea is to purchase shares of American companies in the nuclear energy sector. Especially those that offer breakthrough solutions.
Quote:
"We will do something great with cryptocurrency. We don’t need China or anyone else - others are accepting this, and we want to be at the forefront. We will also be ahead in the AI direction.
To do this, we must at least double the amount of electricity produced. These are specific industries. We must adopt regulations, do everything without harming the environment, and ensure that everything runs smoothly."
It seems that besides buying cryptoassets, another smart idea is to purchase shares of American companies in the nuclear energy sector. Especially those that offer breakthrough solutions.
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Avalanche attracted $250 million in investments. Expectations for AVAX in the altseason.
Avalanche (AVAX) attracted $250 million in investments as part of the support for the Avalanche9000 upgrade. Among the leading investors are #Galaxy, #Dragonfly, and #ParaFi.
All proceeds will go towards scaling the L1 ecosystem. In particular, to stimulate the development of projects launched in the Avalanche9000 testnet.
All proceeds will go towards scaling the L1 ecosystem. In particular, to stimulate the development of projects launched in the Avalanche9000 testnet.
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New data on US producer inflation - negative for the crypto market. They turned out to be significantly higher than expected, which lays the groundwork for expectations of consumer inflation in December being above the current forecast.
Details:
- Producer Price Index (PPI) (y/y) (November) - 3.0% against a forecast of 2.6% and a previous value of 2.6%.
- Core Producer Price Index (PPI) (y/y) (November) - 3.4% against a forecast of 3.2% and a previous value of 3.4%.
At the same time, labor market data indicates rather its weakness. The number of initial claims for unemployment benefits - 242 thousand against a forecast of 221 thousand and a previous value of 225 thousand.
Unemployment + persistent inflation = if not a recession, then definitely nothing good. The reaction is appropriate.
The #BTC rate reacted with a 1% correction, altcoins are reacting more painfully - long position liquidations are happening in the market, but they are not widespread either.
According to #CMEGroup, expectations for a 0.25 percentage point cut in the US Federal Reserve's interest rate on December 18 have decreased from 96.2% to 94.7% since yesterday. In short, still high.
$BTC
Details:
- Producer Price Index (PPI) (y/y) (November) - 3.0% against a forecast of 2.6% and a previous value of 2.6%.
- Core Producer Price Index (PPI) (y/y) (November) - 3.4% against a forecast of 3.2% and a previous value of 3.4%.
At the same time, labor market data indicates rather its weakness. The number of initial claims for unemployment benefits - 242 thousand against a forecast of 221 thousand and a previous value of 225 thousand.
Unemployment + persistent inflation = if not a recession, then definitely nothing good. The reaction is appropriate.
The #BTC rate reacted with a 1% correction, altcoins are reacting more painfully - long position liquidations are happening in the market, but they are not widespread either.
According to #CMEGroup, expectations for a 0.25 percentage point cut in the US Federal Reserve's interest rate on December 18 have decreased from 96.2% to 94.7% since yesterday. In short, still high.
$BTC
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"Nobody Needs ETH": BlackRock and Fidelity Are Actively Buying. We Expect a Pump-Growth Start Above $5,000
"Nobody Needs ETH": BlackRock and Fidelity are actively buying the asset for their ETFs. According to #Arkham, in two days the financial giants bought#ETHfor $500 million.
Straight to the point - we expect very active growth and a new ATH for ETH with an exit above $5,000 in the next two weeks, from December 16 to 29.
Overall, inflows into spot Ethereum ETFs have been going on for 13 days in a row. And at the end of the past week, a record net inflow into spot Ethereum ETFs was recorded - $836.8 million. For comparison, the week before it was $465.6 million.
Straight to the point - we expect very active growth and a new ATH for ETH with an exit above $5,000 in the next two weeks, from December 16 to 29.
Overall, inflows into spot Ethereum ETFs have been going on for 13 days in a row. And at the end of the past week, a record net inflow into spot Ethereum ETFs was recorded - $836.8 million. For comparison, the week before it was $465.6 million.
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The current BTC cycle confirms that its volatility is decreasing.
CEO of #CryptoQuant Ki Yoon Joo showed the difference in the depth of corrections of #BTC in three different cycles - in 2017, 2020, and 2024. The conclusion is that the depth of drawdowns decreases with each cycle.
The key reason is the increase in market capitalization, largely due to institutional purchases. Therefore, relying on the depth of drawdowns in past cycles during corrections in this cycle often means missing the reversal and the return to growth. Many felt this on the drawdown of December 9th, expecting the price to go below $90,000.
Another chart from #CryptoQuant demonstrates a more global trend - a steady decline in the BTC price volatility index since 2015. This is part of a trend where #BTC, gaining liquidity, increasingly becomes a means of preserving capital rather than a speculative asset. This is the path to the status of "digital gold" (which giving to Bitcoin now is still not entirely deserved). The asset is likely to eventually reach this status, allowing future speculation on its price only with a significant leverage.
$BTC
CEO of #CryptoQuant Ki Yoon Joo showed the difference in the depth of corrections of #BTC in three different cycles - in 2017, 2020, and 2024. The conclusion is that the depth of drawdowns decreases with each cycle.
The key reason is the increase in market capitalization, largely due to institutional purchases. Therefore, relying on the depth of drawdowns in past cycles during corrections in this cycle often means missing the reversal and the return to growth. Many felt this on the drawdown of December 9th, expecting the price to go below $90,000.
Another chart from #CryptoQuant demonstrates a more global trend - a steady decline in the BTC price volatility index since 2015. This is part of a trend where #BTC, gaining liquidity, increasingly becomes a means of preserving capital rather than a speculative asset. This is the path to the status of "digital gold" (which giving to Bitcoin now is still not entirely deserved). The asset is likely to eventually reach this status, allowing future speculation on its price only with a significant leverage.
$BTC
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Important events for the cryptocurrency market on December 12 from the economic calendar
Important events for the cryptocurrency market on December 12 from the economic calendar. Today is the second most important day of the week for macroeconomics. Primarily due to the release of US production inflation data.
Overall at 15:30 Kyiv time / 16:30 MSK / 18:30 Astana time - the release of several data points, expect increased volatility.
Overall at 15:30 Kyiv time / 16:30 MSK / 18:30 Astana time - the release of several data points, expect increased volatility.