Good afternoon all!

A bigger update is on the way this afternoon - I want to see how the markets open. But for now, I have updated trade-setups and the watchlist. There are some good opportunities in the watchlist and I am likely to take a few of them.

I am also going to do a recorded video later on how I trade i.e, layering orders and how this works. I will then Pin this video in trade-setups (on Discord) and this should help us to identify trades that are being taken and then.

Bitcoin

Limited action over the weekend in terms of price but we can see some changes. Volumes are down and have been declining, so will be interesting to see the reaction there today. Secondly, the RSI has now reset a tad and is no longer in over-bought conditions. This would make me more confident that we can see some more upside in the coming few days and hopefully fill the red resistance box where more of our Short orders are. I am still keeping them there, and am hoping to fill. #bitcoin



Ethereum

I am becoming more suspect of #ETH here to be honest. We're now outside of the local uptrend line and volume is dwindling away. The horizontal support of $1,745 is still holding which is positive and the daily RSI has been reset more, so there are also some upside potentials. I think if we were to get more upside (with BTC going higher and filling our red box), I could see ETH getting to $2,000. If it did get there, then I may also look to Short ETH.



Solana

Two potential paths for SOL. And looking interesting here. My feeling is that SOL would be too dangerous to Short here, as a breakout of the red downtrend line whilst the current horizontal support of $20.40 is holding, will mean SOL could get some serious upside, particularly with the RSI in a healthy position (in the low 40's). I will note the declining volume of the last week however, and will remain cautious because of this. If the market becomes more setup for upside, and SOL squeezes against the red main downtrend line, I may look for a Long.



Matic

Similar to #SOLANA in someways that we're declining volume but a bounce play could be on the cards. I like the $0.95 - $1.01 as a place to put small Long orders for a bounce play in #MATIC . I am currently liking this one and SOL for potential bounces over the next 1-4 days.



#crypto2023

Data Out Today

So, the data today shows more people are coming back to work (Participation Rate) hence the Unemployment rate came down also. The market was expecting a lower print, so I do actually think that this is bearish for risk assets, but the market seems to be tussling with these numbers currently.

Trades

So, over the last few days, we've smashed the trades on DOGE, in my opinion those trades are now done and I let DOGE go back to it's old ways and stay away from it, but thanks for the opportunities and for the big profits.

I do continue to hold the BTC Short which is also still in nice profits, I am still looking for more downside. Go to the updated watchlist channel for more info on BTC and what I am watching out for.

Let's see how the Easter weekend goes, but I reckon we get BTC downside, so therefore holding the Short.



Good afternoon all. Let's dive into a big one.

Firstly, I have done a large breakdown over the last 2 days on professionals opinions and digesting this into my research below. I will now dive into all and explain this along with market pricing.

🪙 Bond Market

So, the main volatility has come from the Bond market. We can see that across the curve (2 Year, 5 Year, 10 Year, and 30 Year), Yields have plummeted in the past few trading weeks. Falling yields mean the Bond market is pricing in the FED to cut rates in a quarter or two's time due to there being a risk now that something may have broke... the banks. However, we have seen Yields bounce slightly in the past few days. That is on the feeling that the Banking crisis may have been sured up by the FED providing liquidity against the Banks Bonds portfolios (using the Bonds the bank owns as collateral for these loans). Therefore, Yields have gone higher as this may mean the FED has another rate increase or two left in them. In my opinion, I think the FED will be done in May (next FED meeting) unless data screams otherwise (unlikely).

💵 Equities

The Equities market hasn't really moved higher and got ahead of itself yet like the Bond market has, although this may be something we experience in the next week or so. It is my hope that this is the case so we can fill Shorts on the SPX (S&P) at $415 - $430 range.

Essentially, the market is and has got excited at the thought of the FED pausing rates and then eventually cutting them. The issue is this, usually the FED cuts rates because something has systemically broken, or is about to, and they need to stimulate growth. Now, growth/the economy isn't the problem, it's inflation. Take a look at the graph showing the performance of Equities when the FED has cut rates.

🌐 Macro Trend Summary

I think right now we're at a point where the risk of recession is becoming more heightened. This is due to the banking issues. My feeling is this is how it'll play out...

Regional banks are already distressed as they're suffering from a lack of liquidity (money is tied up in Bonds) and people are taking their money out of the Banks and buying treasuries with it... they can get 3-4% on a 6 month Treasury, or 0.1% sat in the bank... I know what I'd choose!

These regional banks are responsible for providing credit to businesses. If they have to pull back on this, this'll see businesses struggle to get credit, which'll mean these businesses can't fund new products/their business/whatever, and therefore no growth. An economy that sees a pullback in growth will see corporate Earnings come down dramatically and therefore the stock prices will also come down.

Soooo... S&P lower in the coming months in my opinion. Just hoping it goes higher in the short term.

💸 Crypto

I think Crypto will have to follow Equities, as it still has a relatively high correlation. I just can't see Crypto/BTC being immune to this. So again, I think we see BTC come lower. I think the next major support of $25,000 will be a key point. If lost, then I see the $21,000 - $22,000 range as being the main area to consider adding to long-term Longs again ie, big spot buys for BTC/ETH/SOL whatever else. BTC chart tagged.

#bitcoin #crypto2023 #cryptoexplorer #marketupdate

Microsoft is jumping into Nvidia’s industrial metaverse network, just weeks after apparently withdrawing from its own attempt to create immersive internet tools for manufacturing companies.

NVIDIA founder and CEO Jensen Huang at his GTC keynote presentation

The alliance will see Microsoft’s cloud computing platform, Azure, host Nvidia’s suite of internet services for building and operating hyper-realistic virtual worlds called Omniverse Cloud, as well as Nvidia DGX Cloud. The latter is a new offering described as an artificial intelligence (AI) supercomputing service that gives enterprises instant access to the infrastructure and software needed to train advanced models for generative AI, according to an announcement previewed by Forbes.

The alliance is being presented today by Nvidia CEO Jensen Huang at the company's GTC developer conference.

A large portion of the chipmaker’s revenue comes from its gaming division, home to the graphic processing units (GPUs) that had been widely used by ether miners until late last year. Ethereum’s shift to a more energy-efficient model obliterated that stream. Nvidia was well aware it would lose the cryptocurrency mining revenue, and decided to concentrate its technology on the now booming markets for metaverse-enabling software and artificial intelligence that take advantage of its graphics-oriented semiconductors.

Huang’s goal is to bring new AI, simulation and collaboration capabilities to industry.

“The world’s largest companies are racing to digitalize every aspect of their business and reinvent themselves into software-defined technology companies,” said the executive. “NVIDIA AI and Omniverse supercharge industrial digitalization.”

To illustrate the point, Huang showed a video of how Amazon.com is using simulation tools to choreograph the movements of Proteus, its first fully autonomous warehouse robot, as it moves storage bins from one place to another alongside other robots and humans.

The partnership with Microsoft will also enable an integration between Microsoft 365 programs — such as Teams, OneDrive and SharePoint — and Nvidia Omniverse, a platform for building and operating 3D industrial metaverse applications, to enable real-time 3D collaboration.

Subscriptions for the new offering will become available in the second half of this year, said Richard Kerris, vice president of the Omniverse developer platform and the industry general manager for media and entertainment, speaking at the briefing ahead of the conference. He said pricing would be revealed later.

Kerris has claimed the Nvidia Omniverse technology proved to be particularly useful for automakers as they employ 3D design tools to accelerate vehicle development, build digital twins of factories or run simulations to test vehicle performance.

To that end, Milan Nedeljković, member of the board of management at BMW Group, joined Huang during his GTC keynote to announce that the car manufacturer will be expanding its use of the Omniverse platform across its global production network, including its first entirely virtual factory, a predecessor to the actual electric vehicle plant scheduled for opening in Debrecen, Hungary in 2025.

Additionally, the chipmaker has unveiled six new RTX Ada Lovelace GPUs for laptops and desktops, which deliver up to two times more efficiency than the previous generation, and the third generation of its OVX computing system to meet the demands of metaverse and AI-related workflows.

In October, Microsoft announced an alliance with Meta to integrate the software maker’s Office 365 suite into the social-media company’s Quest VR headset, a key element in its metaverse development.

That month Microsoft also created an industrial metaverse team, which it subsequently dismissed in February, according to the Information. Microsoft did not respond to a request to confirm the dismissal on Tuesday, but a company spokesman told Forbes: “Microsoft remains committed to the industrial metaverse. We are applying our focus to the areas of the industrial metaverse that matter most to our customers and they will see no change in how they are supported. We look forward to sharing additional information in the future.”

Source: Forbes

#Launchpad #GPT-4 #ExchangeWithKindness #CreditSuisse #Fed

In this comprehensive guide, we will explore the differences between various blockchain networks such as Ethereum, Polygon, Arbitrum, Optimism and Solana. The world of cryptocurrencies and web3 is fascinating but can be overwhelming for beginners. 

In this comprehensive guide, we will explore the differences between various blockchain networks such as Ethereum, Polygon, Arbitrum, Optimism, Solana, Polkadot, and Cosmos, and discuss their wallet compatibility. 

We will also explain why users should be cautious about the underlying blockchain when transferring money from centralized exchanges (CEX).

Understanding Ethereum, Polygon, Arbitrum, Optimism, and EVM

Ethereum is the second-largest cryptocurrency platform by market capitalization, and its native currency is Ether (ETH). Ethereum introduced the Ethereum Virtual Machine (EVM), enabling developers to create and deploy decentralized applications (dApps) and smart contracts on its network. As a result, the EVM architecture became widely adopted in the crypto space.

#Polygon , #Arbitrum , and #Optimism are examples of Layer 2 solutions that enhance Ethereum's network capabilities. They use the same EVM infrastructure, allowing them to easily integrate with Ethereum and share the same wallet addresses. The EVM-based networks are often called "EVM-compatible," making it simple for users and developers to transition between them without requiring new wallet addresses.

Solana, Polkadot, and Cosmos: Unique Blockchain Architectures

Solana, Polkadot, and Cosmos are distinct blockchain networks, each with its unique architecture and features. Unlike EVM-compatible networks, they do not share the same wallet addresses.

Solana is a high-performance blockchain platform known for its scalability, low transaction fees, and fast processing times. It uses a novel consensus mechanism called Proof of History (PoH) and requires a separate wallet address to ensure compatibility with its network.

Polkadot is a multi-chain platform that enables cross-chain communication and interoperability between different blockchains. It uses a unique consensus algorithm called Nominated Proof-of-Stake (NPoS) and requires a distinct wallet address for its native currency, DOT.

Cosmos is another multi-chain platform focusing on interoperability and scalability. It employs a modular framework called the Cosmos SDK and a Byzantine Fault-Tolerant (BFT) consensus mechanism. Cosmos necessitates a separate wallet address for its native currency, ATOM.

Transferring Funds from Centralized Exchanges (CEX)

When moving funds from a centralized exchange (CEX) to a wallet, it is crucial to be aware of the underlying blockchain network. 

Each network has its unique features, transaction fees, and processing times. 

Before transferring funds, ensure that you send them to the correct wallet address compatible with the respective network. Failure to do so could result in a loss of your assets.

For example, if you have purchased Ether (ETH) on a CEX and wish to transfer it to your wallet, you must ensure that your wallet is compatible with the Ethereum network. 

If you mistakenly send your ETH to a non-EVM-compatible wallet address (e.g., a Solana wallet), you may lose your funds.

To avoid such mistakes, double-check the wallet address and ensure it is compatible with the network of the cryptocurrency you are transferring. Many wallets support multiple networks, but you should still verify compatibility before initiating a transfer.

Tips for Managing Multiple Wallets and Networks

As a beginner in the world of cryptocurrencies, you may find yourself dealing with multiple wallets across different networks. Here are some tips for managing your wallets and assets:

Use a hardware wallet: Hardware wallets like Ledger and Trezor provide an added layer of security by storing your private keys offline. They often support multiple networks, making it easier to manage your assets across different blockchains.

Stay organized: Keep a record of your wallet addresses and associated networks. Use clear labels and consider maintaining a spreadsheet to track your assets and transactions.

Double-check before transferring: Always verify that the wallet address you're sending funds to is compatible with the underlying network. Take the time to double-check the destination address and network before confirming any transfer.

Research wallet options: Some wallets support multiple networks, making it easier to manage your assets in one place. Wallets like MetaMask, Trust Wallet, and Exodus offer compatibility with various networks, allowing you to switch between them seamlessly. Research the available wallet options and choose one that best fits your needs and offers the level of security you desire.

Stay updated on network developments: Blockchain networks are continuously evolving, with new solutions and upgrades being introduced regularly. Keep yourself updated on the latest developments to ensure you're using the best practices and tools for managing your assets across different networks.

Conclusion

Understanding the relationship between wallet addresses and blockchain networks is essential when diving into the world of cryptocurrencies. By being aware of the underlying networks and their compatibility, you can make more informed decisions when transferring funds and managing your assets.

As you venture further into the exciting world of web3, don't hesitate to explore new networks and solutions, but always prioritize security and due diligence when dealing with digital assets. Stay curious and never stop learning as you navigate the ever-changing landscape of cryptocurrencies and blockchain technology. #Binance #crypto2023

Good day all, I hope you're all well. I'm aware that the market is super volatile at the moment (more in traditional finance with the Bonds) and this is impactful for Crypto, so my thinking is more updates the better. #marketupdate

🦿Let's Break It Down:

From what I can see, Bonds are where the action is as there is this constant battle between will the FED cut this year or will inflation remain stubbornly high and therefore the FED will keep rates high? Ultimately, we're now getting a Bond market telling the FED that they're done hiking as enough damage has been done as it's already appearing.... in the banking sectors.

Now, banks in a credit crunch is obviously bad on the surface, butttt, credit crunches - which is what this is, a slowdown in credit conditions - are in their nature deflationary... lack of ease for credit. So, this is positive for inflation coming down. The March 2024 FED Funds Rate is now signalling an interest rate of 3.50%, that's 150 basis points of cuts between now and March next year which also assumes no more rate rises. Again, I think its possible the Bond market is getting ahead of itself here. It will all depend however on the banking crisis and how bad this actually is. But, it seems the FED are pleased with the containment of it so far.

🦘 Crypto Trades

In all honesty, I am keeping it super light and really simple here. For me BTC is a clear chart, over extended and created multiple bearish divergences in over bought territory on the major 3D timeframe. I still maintain that I am wanting to fill Short orders in the red box. Annoyingly, so far, we have only filled some small orders as the heavier sized orders are toward the top of the red box.

BTCUSD 12H Chart

#Profit is decent so far, but ideally want more orders and bigger size filled. If we go higher and fill, then great. If we go lower and earn profit, also cool. #Binance #buildtogether #trading

Current XBTUSD Trade

Hello CryptoExplorers. Last week I said I would give you an update on the #Stablecoins situation. This update will go into detail about the #SEC vs Paxos situation, why this is a big problem for crypto (especially in the US) and which stablecoins are currently the best out there.

TL;DR:

All stablecoins are in danger, there is no safe haven.

Diversification is important to reduce a potential impact on your portfolio

I don’t think that there is short term danger for stablecoins, and these new developments don’t mean that stablecoins will depeg. The stablecoin industry just becomes more unstable, although the goal of stablecoins was to bring stability into the market. It becomes harder for stablecoin companies to provide their services.

Last week, New York state’s financial regulator ordered Paxos to stop issuing BUSD. The big question now:

Are stablecoins securities?

Paxos said that the SEC had issued it a notice that the regulator is considering recommending an action alleging that BUSD is a security. Paxos said the notice suggests Paxos should have registered the offering of BUSD under federal securities laws.

According to Howey test, a precedent for investment contracts, one of the conditions for the transaction to be an investment contract and considered to be a security is the expectation of profit. It is obvious, that people don’t buy stablecoins in expectation of profit. The same as when they buy fiat, it is just a convenient way to store assets, as cryptocurrencies are quite volatile.

But "securities" is a much broader category defined by the 1933 Securities Act. On a broader view, it could be argued that arbitrage, hedging and staking opportunities provide an expectation of profit, or if a stablecoin is considered as a derivative of a security. So the SEC basically has free reign to define an investable asset as a security if it wishes to.

If the Commission continues to pursue the matter in court, it could set a precedent for the rest of the crypto industry and threaten all other major stablecoin issuers.

Increased regulatory uncertainty could destabilize the market, which has just begun a slow recovery from the collapse of FTX. It could also drastically change the crypto landscape in the U.S., as many companies could seek to set their roots in a more regulatory-friendly environment.

Stablecoin Comparison

After the news broke out that BUSD is facing the problems money was of course moving within the crypto landscape. The following charts show the dominance of the 10 biggest stablecoins based on their market cap.

Stablecoins Dominance Comparison - Source: DefiLama

We see BUSD lost 23.52% market cap within the last month, while USDT was the biggest winner in the whole story. Still, most of the money left the stablecoin ecosystem and went into other cryptocurrencies, which is one reason for the increase in prices for most cryptocurrencies in the last days.

Stablecoins Marketcap - Source: DefiLama

But now let’s have a quick look at the biggest stablecoins.

USDT

Tether is based not in the US. But over the half of Tethers reserves is managed by Cantor Fitzgerald, a us based financial services company! So, this also provides an attacking point. And of course, we have the problem that Tether does not provide transparency reports, but you know this already probably.

USDC

Issued by Circle, a company based in the USA. The same problems can arise here as with Paxos. Because Circle is also regulated, but if the SEC decides that Stablecoins are securities, then they can probably attack them as well.

This is the same as the problem that US customers face when it comes to staking. Kraken has to stop their staking services and had to pay a $30M fine, while Coinbase continues to offer staking. It is probably only a matter of time before Coinbase is attacked as well, although Coinbase's CEO has already said he will fight it.

DIA

DAI is an algorithmic stablecoin issued by MakerDAO, an Ethereum-based protocol, that seeks to maintain an exact ratio of one-to-one with the U.S. dollar. It is primarily used as a means of lending and borrowing crypto assets without the need for an intermediary — creating a permissionless system with transparency and minimal restrictions.

Sounds good since it is decentralized right? Yep... But for the most part, it is currently backed by USDC, which means that if USDC is attacked, the problem will be spread to DAI as well.

What does it all mean?

Well, I would love to have a clear answer and give you a straightforward direction. But the truth is, there isn't one. But of course, I can tell you what I do. I diversify my stablecoins, so now I hold mostly USDC, USDT, and a little DAI.

Currently, most educational/research platforms prefer not to share their opinion on this topic because they are afraid of being wrong. And I can tell you that I am also very careful because I want to give you the best information available!

But sometimes we just have to recognize that there is no real solution to the problem right now. If you really don't want to deal with the stablecoins problems, you either hold cryptocurrencies, which are less volatile, or you hold fiat. And maybe that is the goal of the U.S., to make sure that people use U.S. dollars, where they can control the flow of money? ;)

Stay safe! #Binance #buildtogether #crypto2023

Are you a beginner looking to invest in crypto but don't know where to start? Are you overwhelmed by the endless options and technical jargon? Look no further! Welcome to our beginner's checklist for creating and managing a crypto portfolio. Whether you're looking to build wealth over the long term or diversify your investment portfolio, this checklist will guide you through the essential steps of investing in crypto. From setting investment goals to choosing a reliable exchange and securing your investments, we've got you covered. So grab a pen and paper, and let's get started on your journey to becoming a Crypto PRO!

This is a preview of our latest weekly checklist. To grab the full version make sure to join us at CE PRO.

Determine your investment goals

Before investing in crypto, you need to decide why you want to invest and what you hope to achieve. Some common investment goals include building wealth over the long term, generating passive income, or diversifying your investment portfolio.

To set specific, measurable investment goals, consider the following questions:

How much money do you want to invest in crypto?

What rate of return do you hope to achieve on your investment?

What is your investment timeline? The longer the better.

How much risk are you willing to take on?

Once you've answered these questions, you can set specific investment goals, such as investing $3,000 in crypto over the next year with a goal of achieving a 10x over the next 4 years.

It's important to regularly review your investment goals and make adjustments as necessary based on changes in your personal financial situation or market conditions

Assess your risk tolerance

Risk tolerance is the level of risk you're willing to take on with your investments. It's important to assess your risk tolerance before investing in crypto to determine how much risk you can comfortably handle.

To assess your risk tolerance, consider the following:

Your investment experience: If you're new to investing, you may have a lower risk tolerance than someone with more experience.

Your financial situation: If you have a stable income and savings, you may have a higher risk tolerance than someone who is relying on their investments for income.

Your comfort level with market volatility: If you're uncomfortable with the ups and downs of the crypto market, you may have a lower risk tolerance.

Once you've determined your risk tolerance, you can choose an investment strategy that aligns with your comfort level. For example, if you have a low risk tolerance, you may want to focus on more established coins with a lower risk of volatility. If you have a higher risk tolerance, you may be comfortable investing in newer, more volatile cryptocurrencies with greater potential for growth.

Remember to regularly review your risk tolerance and adjust your investment strategy as necessary. As your financial situation and market conditions change, your risk tolerance may change as well.

Research different cryptocurrencies

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Create a diversified portfolio

Diversification is an important principle of investing, and it's no different when it comes to investing in crypto. By investing in a mix of different cryptocurrencies, you can reduce your risk and increase your potential for returns.

Consider investing in a mix of established coins with a proven track record and newer, more volatile cryptocurrencies with greater potential for growth.

Your portfolio allocation should be based on your risk tolerance and investment goals. For example, if you have a low risk tolerance, you may want to allocate a higher percentage of your portfolio to more established coins like Bitcoin or Ethereum. If you have a higher risk tolerance, you may want to allocate a higher percentage to newer, more speculative coins.

Regularly review your portfolio allocation and rebalance your investments as necessary to maintain a diversified portfolio.

Determine your investment strategy

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Set a budget

Before investing in crypto, it's important to establish a budget based on your financial situation and investment goals. Determine how much money you can afford to invest without compromising your overall financial well-being. It's generally recommended that you only invest money that you can afford to lose.

Consider your other financial obligations, such as rent, bills, and savings goals, when setting your investment budget. Once you've established your investment budget, stick to it. Avoid investing more money than you can afford or deviating from your budget based on short-term market fluctuations.

Remember to regularly review your investment budget and adjust it as necessary based on changes in your financial situation or investment goals.

Choose a reliable exchange

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Secure your investments

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Keep track of your investments

When investing in cryptocurrencies, it's important to keep accurate records of your investments for tax and accounting purposes. Consider using a tracking tool or app, such as CoinStats, to keep track of your investments. These tools can enable you to track multiple wallets and exchanges in one place, view your portfolio's performance, and set alerts for price changes.

Regularly update your tracking tool as you buy and sell different cryptocurrencies and as the market value of your investments changes over time. You may also want to consider using a cryptocurrency tax software or consulting with a tax professional to ensure that you are properly reporting your cryptocurrency investments on your tax returns.

Remember to regularly review your investment records and adjust your investment strategy as necessary based on changes in your investment goals or the performance of your portfolio.

Stay informed

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Bonus

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Congratulations!

You've made it to the end of our beginner's checklist for creating and managing a crypto portfolio. By following these essential steps, you're well on your way to becoming a confident and informed crypto investor. Remember, investing in crypto requires patience, discipline, and a long-term perspective. Keep your investment goals in mind, stay informed about market trends, and regularly review and adjust your portfolio allocation as necessary. With these principles in mind, you can build a diversified crypto portfolio that aligns with your investment goals and risk tolerance. So go out there and invest in the exciting world of crypto with confidence!

#portfolio #bitcoin #buildtogether #Binance #crypto2023

Good morning all, watchlist has been updated.

What am I expecting?

In short, assessing all the opportunities there are some decent one's but the standout opportunity to me right now is a Short on BTC. Go to BTC above to see details on this. For me, a Short on BTC is the play over the next week or so. Thinking we can earn well out of this so this is where my current focus is.

Bitcoin

I'm really torn here. My feeling is that we'll reject here/or the red box area. My big question is do we move higher in the very short-term and fill the some of the red box? I have filled Shorts in the mid to late $28k's. If we go back to that area (currently at $28,020) then I may add some more size as I think a move north of $30k is unlikely now. For now continuing to be patient and looking for the Short to pay us nicely.

Ethereum

Contrasting signals here. The bull case is that we're above the horizontal support of $1,745 and the RSI isn't in over-bought territory nor is it close to it, in quite a middle area now. The bear case is that we've gone up considerably without much pullback. We're now also seeing that price is underneath the local uptrend line. In my opinion there's a lot of contrast here. I think the market is due for a pullback, but ETH looks like it could be resilient enough to not pullback considerably. Better opportunities elsewhere, particularly BTC.

Solana

Right now I am not playing this, but I do think this setup is really interesting. I'll be waiting on a break above the red downtrend line and a reclaim above the local uptrend line for a buy and for a shove higher. But, if price cannot hold above $20.41, I will Short the retest of the underside of the horizontal resistance of $20.41. Let this one play out, let it show you where it wants to go and then take the meat of the move, no need to play now and get massively caught up on either side of the trade.

Matic, Polkadot, Link, FTM

Available in our Discord at CE PRO 🔥

Bitcoin

On an absolute tear up. However, we're approaching the $28,600 level which has proven to be a resistance on prior occasions, although this range extends up to $30,100. Volume has been very good but we've teared up quickly and just vertically, so you'd expect some kind of decent pullback or a rejection area. I think this is the $28,600 to $30,100 range. Also notice the RSI is very much in over-bought territory on the 12hr, 1D and the 3D timeframe with most creating bear divs. I want price to go slightly higher so I can fill some Shorts, in the $28,600 - $30,100 range. I have placed big Short orders in this range, hoping they fill and I'll be willing to see how things play out on Wednesday and willing to wait until then to see orders fill. Expecting orders to fill on Powell coming out, raising rates by 25bps and then indicating a pause in rate rises.

Ethereum

Slightly more zoomed out chart and does look quite positive. The one concern I have again is the pace of the up move and the fact it just went up vertically. But, other than that we've managed to claim back above the horizontal resistance of $1,745 and it's cleared the red resistance box. When I look at BTC, I think if it gets some slight more upside then it's ripe for a Short if it isn't already ripe for one. ETH however, looks good for further upside. I would however in the short-term expect some consolidation, and if this can stay above the $1,745 resistance then this'll be positive.

Solana

Also looking somewhat positive in contrast to BTC. SOL was able to smash through the orange box and the red downtrend line, but there is now huge resistance between here and and $26.00. I think for now whilst we're still not close to being over-bought, I think it's worth noting that there may be some more upside potential in this play. I'll become interested for a Short at $26.00. Until then, just keeping tabs on it.

Matic

Far less interesting than ETH and SOL in terms of going higher. Currently sat in no mans land between the support of $1.08 and the resistance of $1.21. Not too interested in this to be honest. Volume is ok and RSI is bang in the middle... not enough determining signs for a one-sided argument. Leaving this, will pick it up if more weighting is added to the bull or bear case, but not enough in either direction right now.

Get the full watchlist in our Discord: https://rebrand.cryptoexplorer.cc/binance-feed-ce-pro

It has been a wild ride in the crypto world, with some major events impacting the market. Buckle up, because we're about to take a dive into what's been going on. First of all, let's talk about Bitcoin's crazy price movements over the last few days. The BTC price lost 11% in just a few hours, causing some panic among investors. But only a few hours later we quickly pumped back up by 24%. That's the crypto world for you - never a dull moment!

BTC 4h candle chart - Source: TradingView

In last news, Silicon Valley Bank went bankrupt. This caused some chaos among depositors and a drop in the share price of the tech-focused lender. Circle, the issuer of the second largest stablecoin USDC, has part of its assets in this very bank, which led to USDC getting depegged and trading below 0.85 USD! It was not clear what would happen next, although I also said publicly that I would wait for Monday and for the decisions of the authorities, since it was not a issue of that the money is there or not, but an issue of liquidity.

Stablecoin comparison - Source: Glassnode

And this was a good idea, since the U.S. government and financial regulators came to the rescue, announcing emergency measures to protect all depositors and ensure access to their funds. It's good to see that there are safety nets in place to safe customers of the bank(s), but it only shows why crypto is so important. There you own your money - not the bank!

Speaking of safety nets, the Federal Reserve launched a new program called "Bank Term Funding Program" to rescue all lost deposits in closed banks (I explained it in easy words in our Discord server). This move is mildly inflationary, as it replaces illiquid money in most cases, rather than creating new money. However, the signal effect is clear that the Fed is willing to reverse course and intervene to protect the economy and financial system.

Powel printing money

Despite these events, the crypto world remains an exciting and ever-changing place. We're here to help you navigate the market and make informed investment decisions. Remember, our vision at CryptoExplorer is to make crypto accessible for everyone, no matter how much time, capital, or knowledge you have.

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What a crazy last few days! I hope you're all having a great week in the world of crypto! In today's free update, we'll delve into the recent issues with traditional banking, how cash injections have provided short-term solutions, and the ongoing battle between banks and crypto. Finally, we'll discuss what's fuelling the recent crypto pump and what to expect in the coming week.

🏦 The Traditional Banking Problems

The traditional banking system has faced significant challenges recently. In a nutshell, banks normally receive deposits, pay you a small interest rate, and invest the money for profit. This process works well if it's done in a controlled manner. However, problems arise when banks gamble, maintain low capital reserves, and engage in risky investments with customers' money. This can lead to liquidity issues and, in extreme cases, bank runs, as we've seen with Silicon Valley Bank.

💉 Short-Term Solution: Liquidity Injections

To remedy these issues in the short term, liquidity injections have been provided to banks like SVB (Silicon Valley Bank). The FED decided to start the "Bank Term Funding Program" to avoid a banking crisis. Basically, the FED will bail out all banks, not only the ones having troubles, but also all the banks that might have troubles during the next year. For now it's "only" $25B, but the reason is clear: The FED has raised interest rates so fast that something in the financial system is damaged and must now row back.

Although the FED intervenes here and definitely brings liquidity into the market, this is, if at all, only slightly inflationary, since in 90% of the cases illiquid (but already existing) money is replaced and no new money is printed.

Thus, new liquidity is created, not new money from the money printing machine. These liquidity measures can prevent bank runs and stabilize the banking system by discouraging short-sellers and reassuring customers.

🤑 Banks vs. Crypto: Greed and Shortsightedness

Comparisons between banks and crypto platforms like BlockFi, Three Arrows Capital, and FTX can be drawn, with greed and shortsightedness being common factors. Many companies leverage customer funds in the pursuit of higher profits, which works only as long as money keeps flowing in. When withdrawals occur, the problems begin.

Our goal should be to learn from the past! There will always be platforms (exchanges, banks, services, ...) that make greedy decisions. The only thing we can change is to make better decisions as investors. And the regulator should maybe change some things, but putting hope in the regulator is the stupidest thing we can do 😂

📈 Crypto Market Pump: Factors and Future Outlook

Now, let's discuss why the crypto market has been pumping. Several factors have contributed to this trend:

Deposits in American banks are secured.

Binance announced plans to exchange 1 billion BUSD into BTC, ETH, and BNB.

Relatively good CPI numbers.

The upcoming FED meeting will be a key event to watch, as decisions on rate hikes and Quantitative Tightening will be made. These outcomes will play a significant role in determining whether we are entering a Crypto Spring.

In summary, I think we are finally seeing some action in the market again, and we can make good use of these volatilities.

Let's go! 🚀

The overall volume is really positive, meaning a sustained move higher is definitely possible. However, I wouldn't really want to be sat in Longs here, portfolio spot buys, yeh thats fine, but leverage Longs wouldn't interest me here. However, I also wouldn't want to be Short even though I think we can have a pullback to the $23k area for BTC. Ultimately, I am not too confident on either direction here in the short-term to be honest, not one side screams out to me as being more heavily weighted/favoured, so for now I will just sit tight and wait again for another trade opportunity.

Bitcoin

So, yesterday was a bit of a manic day for me trading BTC. I have been doing well on trades recently, but on Bitmex yesterday my Stop Loss on the BTC trade was $26,700 was hit, yet on charts it shows a top wick of $26,570 🤬.

So, I literally got flushed out at the worst possible point, fuming and would now be in really decent profits, but this is how trading goes. I am hoping/thinking most of you guys wouldn't have been flushed out from the wick yesterday so you should be all ok for the trade and still in profits.

But breaking it down, the last few days has seen real significant volumes, so this is positive for further upside price action. I think we're probably due a slight pullback, but then I think further upside is possible. I think $28k for BTC is potentially on the cards, but I still think a more major pullback can happen after this. Right now though I am sat on the sides and not looking to jump in. If we rest to early $23k's I may play a small Long so that I can get some of the upside if we do go higher.

Bitcoin 12h Candle Chart

Ethereum

Has moved into a resistance area where a lot of prior sells have happened, I'd expect a pullback here to be honest. I'd be looking at the $1,560 to $1,590 range for a potential pullback.

Ethereum 12h Candle Chart

Solana

I think is quite interesting here. I'd be interested to see how price is behaving if we can bounce back up to the orange box. It's possible I may look for the Short into this area if we get there and the major cap coins are struggling then I'll possibly take the SOL Short.

Solana 12h Candle Chart

Matic

The more I am going through coins, the more I am seeing a contrast. It looks to me that some are in an area of struggle where as some others look ripe to push significantly higher. Currently, MATIC is struggling at the $1.21 horizontal resistance, so in order for me to become bullish on this I'd need to see it flip this level into support rather than be suppressed by it.

For now not too interested in MATIC. If I was confident on a major pullback in BTC and ETH, then MATIC might be one of the one's I'd look to Short, but right now, I'll leave it be whilst I let BTC and ETH figure out what they're doing, I do expect short-term pullbacks though.

Matic 12h Candle Chart