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$HIGH OLD charting on HIGH & already hit max target now High pulled back to where it started to gain it's attention the question is will it manage to give the same reaction last year? Here's insight High can still drop to 0.95 - 0.94 on the other hand it has breached my mid support at 1.50 1.50 is already a good entry but since price push down below 1.50 chance to hit 0.95 has increased. while taking a risk entry now is also in the zone of buyers interest in short HIGH is now in a decision making zone where we pull back now or extend our liquidity grabbing down to 0.95-0.94 my target above are: on my futures chart see photo for more detail again im not telling this is now bullish I haven't yet saw a reversal structure my only basis is 1.50 support of mine is breached and im looking for a rejection somewhere below it NON OF THESE ARE FINANCIAL ADVICE ALWAYS QUESTION YOURSELF IF YOU TAKE IT OR NOT YOU WILL STILL REMAIN RESPONSIBLE ON YOUR TRADE OUTCOME
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We've heard a lot about the potential 9 billion dollar in selling pressure from Mt. Gox hitting the market soon. But no one is talking about the 11 to 15 billion dollar in buying pressure from #FTX hitting the market soon. Listen, #FTX owed more than $11b to its users. Currently they have salvaged over $15b in funds to repay EVERYONE. Even better, they will pay back users with INTEREST. Depending on the amount of repayment, some could receive up to 142% of their original amount and others as low as 118%. Now get this: We know that every single FTX user is a crypto investor right? The majority stays here. Especially if you all of a sudden have all your funds back. Meaning most of the repayed funds will 100% be redeployed to the market. (why did they start with crypto in the first place?) This will further be validated by the fact that they can see that the crypto market is still alive and kicking. Bitcoin new highs, more acceptance and still ton of potential despite the up and downs (remember, January to March this year was great!). Imagine if they see the market get lively again soon. "But Nova, surely not EVERYONE will put it in the market?" Nope, but neither will EVERY Mt. Gox claim be sold either. Some will still hold it. (I still expect MOST of the funds from FTX to be redeployed though) Basically the Mt. Gox. Bitcoin amount ($ value) to enter the market is LESS than the amount in dollars that's available to be put into the market from FTX. Which is why Mt. Gox doesn't really bother me that much. Take the fact that besides all of this we still have other upcoming catalysts like a: - Reduction in interest rates (September possible) Or - The presidential campaigns (pro bitcoin) or ... All of these will add fuel and demand as well to the market. If you take all these factors into account you can see that the forecast is very promising both long term and short term. Despite the fear what you have seen from Mt. Gox. Nova out 🤝 #hottrends #FTT🔥🔥
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We've heard a lot about the potential 9 billion dollar in selling pressure from Mt. Gox hitting the market soon.But no one is talking about the 11 to 15 billion dollar in buying pressure from #FTX hitting the market soon.Listen, #FTX owed more than $11b to its users.Currently they have salvaged over $15b in funds to repay EVERYONE.Even better, they will pay back users with INTEREST.Depending on the amount of repayment, some could receive up to 142% of their original amount and others as low as 118%.Now get this:We know that every single FTX user is a crypto investor right?The majority stays here.Especially if you all of a sudden have all your funds back.Meaning most of the repayed funds will 100% be redeployed to the market.(why did they start with crypto in the first place?)This will further be validated by the fact that they can see that the crypto market is still alive and kicking.Bitcoin new highs, more acceptance and still ton of potential despite the up and downs (remember, January to March this year was great!).Imagine if they see the market get lively again soon."But Nova, surely not EVERYONE will put it in the market?"Nope, but neither will EVERY Mt. Gox claim be sold either. Some will still hold it.(I still expect MOST of the funds from FTX to be redeployed though)Basically the Mt. Gox. Bitcoin amount ($ value) to enter the market is LESS than the amount in dollars that's available to be put into the market from FTX.Which is why Mt. Gox doesn't really bother me that much.Take the fact that besides all of this we still have other upcoming catalysts like a:- Reduction in interest rates (September possible)Or- The presidential campaigns (pro bitcoin)or ...All of these will add fuel and demand as well to the market.If you take all these factors into account you can see that the forecast is very promising both long term and short term.Despite the fear what you have seen from Mt. Gox.Nova out 🤝 #hottrends $FTT
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#Hottrends #Catcoin is currently leading cat meme. Next binance will 1000X. Bullrun. If the paper hands are gone, are you ready for a new bull run? #catcoin 🔥
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#HotTrends Dog meme coin is over. Leading cat meme coin is #CatCoin which society is increasingly characterized by a pervasive desire for instant gratification. We have developed an expectation of receiving results immediately and, should those expectations not be met, we swiftly shift our focus elsewhere. The #catcoin investment represents perhaps one of the most significant tests of conviction and patience within the cryptocurrency market. BUY $CAT Website - http://Catcoin.com ✅ Tax: 0%
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