#Bitcoin is playing PO3 - power of three Accumulation 👇🏻 Manipulation 👇🏻 Distribution
after the last pump, we see big selling in the market due to the big big firms taking profits that is why btc market goes an Accumulation zone - at $41.6k - 43.4 & Manipulation move is also done (fake move) The final is Distribution (our prediction) - which is mentioned with Path-Line which is a match to liquidation data Expecting 47.2k is coming next.
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Disclaimer⚠️ This post is for educational purposes and I’m Not Your financial adviser. Also, It's Not A Financial Advise. Please always do your own research and Analysis before Investing in any cryptocurrency or Given Analysis. #Write2Earn #nomaeffect #TradeNTell
#BTC - 4h Effective Update As of late, BTC has experienced a lack of substantial volume and movement. Upon recent analysis,
I've observed the formation of a head and shoulders pattern, as illustrated in the accompanying chart (see pic).
The price is currently approaching its neckline, and notably, there exists an order block on this neckline.
I anticipate that the price may reach 47,500 in the upcoming days.
It's advisable to closely monitor #Bitcoin as a significant move appears imminent. Stay vigilant, as we could witness a substantial shift in BTC's value.
⚠️⚠️⚠️**Disclaimer**⚠️⚠️⚠️ The information provided in this update is for informational purposes only and not financial advice. #Cryptocurrency investments carry risks, and market conditions can change rapidly. The analysis presented is based on the current situation and personal interpretation.
Investors should conduct thorough research, seek advice from qualified professionals, and consider their risk tolerance before making any investment decisions.
The content does not constitute financial advice, and the author is not responsible for any financial profit/losses resulting from its use.
Stay informed about market developments and regulatory changes. By reading this update, you acknowledge that the author is not liable for any losses incurred. Cryptocurrency investments are speculative and may not be suitable for everyone.
Consult a financial advisor and assess your individual circumstances and goals before engaging in cryptocurrency activities. **Disclaimer End**
Binance Expands Options for Larger Traders to Secure Assets Externally: Financial Times
According to reports from the Financial Times on Tuesday, cryptocurrency exchange Binance has updated its policies, enabling larger traders to store their assets in independent banks. Previously, these traders were required to hold their assets either on the Binance platform or with its custodial partner, Ceffu. Now, they have the flexibility to utilize crypto-friendly institutions such as Swiss banks Sygnum or FlowBank. This strategic move could be a response to users' concerns about Binance's regulatory challenges in the U.S., which resulted in a $4.3 billion fine in November. The apprehensions were further heightened by the earlier bankruptcy of FTX, a rival cryptocurrency exchange. Expressing a preference for placing funds with a Swiss bank over Binance, the head of a crypto trading firm highlighted the evolving sentiments within the industry. In November, Binance announced its exploration of a banking triparty arrangement for over a year, referring to an arrangement involving the exchange, its customers, and a bank custodian. However, specific bank names were not disclosed at the time.
New Google crypto policy to allow ‘cryptocurrency coin trust’ ads from today
Google is poised to implement updates to its advertising policies on Monday, January 29, opening the door for specific #cryptocurrency products to be promoted. This policy adjustment raises the possibility of advertisements for recently-launched spot Bitcoin exchange-traded funds (#ETFs ) appearing on Google's search engines. However, the terminology used in Google's policy update introduces some ambiguity, as it mentions "advertisers offering Cryptocurrency Coin Trust targeting the United States." Notably, one of the major Bitcoin trusts, the Grayscale Bitcoin Trust (GBTC), recently transitioned into a spot Bitcoin ETF following approval from the SEC. Previously, GBTC shares were exclusively available to accredited investors on the primary market, subject to a six-month holding period. Accredited investors must meet specific financial criteria, such as possessing a net worth exceeding $1 million or a substantial earned income. In contrast, spot #Bitcoin ETFs are accessible to the general public in the United States and are regulated under the Securities Act of 1933. This characteristic makes them a potentially safer option for Google to include in its advertising platform. The policy update is regarded as a positive development, particularly considering Google's extensive reach and influence in raising awareness and attracting investments for the ten spot Bitcoin ETF issuers. Currently, BlackRock’s IBIT leads with the largest Assets Under Management ( #AUM ), recently surpassing $2 billion. #Write2Earn
$MATIC is currently forming a falling wedge pattern, and there are clear indications of an imminent breakout. Anticipating a potential pump as the trend shifts. Notably, the #ChoCH has completed its cycle with a high-volume candle, signaling an upward movement in the structure.
---------------- Disclaimer⚠️ This post is for educational purposes and I’m Not Your financial adviser. Also, It's Not A Financial Advise. Please always do your own research and Analysis before Investing in any cryptocurrency or Given Analysis. #Write2Earn #nomaeffect
#XAI remains on my bullish watchlist due to its solid fundamentals and the consistent validation of the upward trend line. Repeated bounces to the upside affirm the strength of this trend.
Currently, the market is heading towards a supply zone, representing an opportunity for liquidity on the buy side. It's advisable to keep a close watch on XAI for potential opportunities.
---------------- Disclaimer⚠️ This post is for educational purposes and I’m Not Your financial adviser. Also, It's Not A Financial Advise. Please always do your own research and Analysis before Investing in any cryptocurrency or Given Analysis. #nomaeffect #dyor $XAI
In recent days, EDU has exhibited strong momentum, with the formation of a descending triangle becoming evident. Notably, the price found substantial support at a specific level, reinforcing the significance of this level in the technical analysis.
Despite attempts to break down, the price faced rejection twice at a major resistance level, ultimately returning to our established pattern. Currently, there are repeated efforts to break out of the descending triangle, resembling the formation of a potential Head and Shoulders (H&S) pattern within the larger pattern.
For a definitive entry signal, the analysis suggests waiting for confirmation, specifically looking for a candle close above the trend line. Should this confirmation materialize, a strategic approach involves considering buying positions in both the spot and future markets.
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Disclaimer⚠️ This post is for educational purposes and I’m Not Your financial adviser. Also, It's Not A Financial Advise. Please always do your own research and Analysis before Investing in any cryptocurrency or Given Analysis. #nomaeffect #dyor