The token creators wanted to hold a closed hearing, but Sun managed to get open public hearings instead.
Let me remind you that TRON founder was one of the largest investors in WLFI, with investments of $45M, but that still didn’t help him avoid the freezing of assets.
Justin Sun also claims that such a one-sided freeze has been implemented not only in WLFI, but also in the stablecoin USD1, which also belongs to Trump.
So far, this is still an interim victory, since there is no final court decision yet. We’ll keep an eye on how the situation develops.
As for Sun himself, he says people deserve to know how these schemes work. Who do you think will have the final say here? 🤔
I suggest paying a little attention to Matic. The picture is similar to UNI, only here I am looking at the 12h timeframe.
A "Head and Shoulders" reversal formation, about 30% in height. Its full development down can potentially send the price to an important level of 0.5-0.52.
At the top of the formation, we have both shadows from the pressure of sellers and bearish absorption, which indicates the persistence of the bears.
Since then, almost all the time auxiliary indicators have been in negative territory.
This development fits well into the "32 bitcoin" format, so I think it makes sense to take a short on a small volume
Here we can see clusters of potential liquidation volumes. Often the market moves in the direction where there is greater liquidity, so based on this information, you can make decisions about setting take and stops.
At this point in time, the nearest large accumulation of liquidations is in the range of 42550-42800, followed by good volumes in the range of 43050-43180.
I think shorting here and now is quite dangerous, but going long with a stop at 42150- may be quite justified.
I came here to resolve some matters and at the same time attend the TON Foundation conference.
You can go to the official broadcast and watch all the current news and speeches of speakers.
And I will give a dry summary of the facts that I noted for myself:
▪️Wallet will appear more and more in different countries, because now it does not work everywhere ▪️The ability to conduct TON and NFT draws will be added, similar to how premium is currently drawn. This will probably also be implemented through Wallet ▪️TON can be introduced into the Dubai financial system ▪️The TON team is integrating one of the stablecoins into the blockchain. Most likely it will be USDT in 2024. ▪️Ton Browser was announced, expected functions: support for various TON services, perhaps it will be a non-custodial wallet, VPN, built-in explorer and similar tools and services. And also the use of TON DNS + creation of TON Sites.
And that's not all!
I see great prospects for the development and scaling of this blockchain, which will entail further growth.
Recently, Solana has shown quite strong growth, which is supported by the largest influx of capital into this project since March 2022.
Reasons for growth.
Throughout the year, Solana has been trading sideways with a very wide range from $14 to $27. The price movement over the past two months has the potential to form an inverted head and shoulders pattern. On the graph, “S” is the shoulders, “H” is the head. This formation is bullish. If the neckline (yellow line) is broken, we can count on growth to the level of 28.9, or even an update of the current high of 32.13.
Relevance of the scenario.
As you can see, the daily candle did not close below the local support of 22.08 - this is good. The scenario with the development of the formation is relevant as long as Solana is trading above EMA-20 1d (21.8) and EMA-200 1d (21.85). If we get the closing of the daily candle below the designated moving averages, then most likely this will mean capitulation of the bulls.
Let's look at short time frames and at the same time you will understand what my scalp trades are based on.
5 min.
We see a clear bullish divergence, this is for growth. Before the fall, we didn’t reach EMA-50 and EMA-100, so I regard them as growth targets on the five-minute timeframe. We also updated the local minimum and saw a good reaction from customers.
15 min.
We went under BOS and traded in a local bullish order block (blue rectangle). We are in the oversold zone, which also signals a possible upward correction to the BOS retest with a subsequent update of the minimum.
On September 28, Elon Musk published a post with an excerpt from the movie Gladiator, which says - “Brothers, in 3 weeks I will pick grapes, and what will happen to you...”
A couple of years ago, Elon already published a post with the same pitch - after which, 3 weeks later, the price of BTC reached $69,000.
Does it seem like a bull market is just around the corner or...?
Let’s consider something from the world of altcoins today, since I don’t expect super-volatility for Bitcoin over the weekend, and after that, the idea of growth remains valid. By the way, in the last YouTube video I gave a recommendation to buy AVAX at a price of $9.35, which is 10% lower than the current price.
Technical part 🔎
In 2023, AVAX is trading within a falling wedge. This formation is bullish, which reinforces the assumption that news + technology = high upside potential. We tried unsuccessfully to break through the upper boundary of the formation in July, and we couldn’t get past it today.
Since I don’t expect high volatility for Bitcoin until Monday, I think the weekend will also be a reason for AVAX to unload. I expect a correction in the range from $10 to $9.5.
A long position will be more reliable if you take it at breakout 11, where EMA-100 1d passes. If it breaks upward, the target minimum will be 13, with a fairly good probability of rising straight to 14.75 or even 16.45. In this case, the stop should be placed below the 10.7 level within the existing formation.
Many cryptocurrencies are looking up at this time, but do not overload yourself with longs and trade carefully!
This must be done at no less than two extremes, running approximately parallel to each other in the same direction to the place where a price movement channel is formed.
The trend will be upward if the price moves in the direction of the drawn lines. When it descends, it will “push away” from them and go back.
Why do we need a moving average?
It is needed to assess the trend as accurately as possible. Therefore, it is loved and popular among traders of different levels of training. Even with characteristic deviations, the price will always tend to the golden mean and fluctuate around the average value.
To determine the direction of the trend, build one moving average on a 15-minute time frame with a period of 55 (it will show the trend of one day), another - 275 (the trend of the trading week eli).
When the weekly line is below the daily line, the trend is upward, if vice versa, then it is downward.
The previous post was about growth and its goals. And voila! Bitcoin rose all the way to the highest target, reaching a maximum of 28484. Congratulations to everyone who made money on this pump!💶
Shorts already?🔻
Not yet! I haven’t entered a global short yet. If you look at the situation from the point of view of short time frames, a decline suggests itself. However, I see it as a local correction, since higher timeframes do not yet indicate a reversal.
What am I waiting for?
The 4-hour candles are quite overbought, so combined with the situation on short timeframes, I am expecting a correction. At least to 28100, perhaps even 27800 (EMA-20 1h passes there). The high probability of correction is confirmed by a clear bearish divergence on the hourly clock (I will attach an image under the post).
From there, I’ll most likely think about opening a long position, but the situation is precarious and there’s no point in flirting with growth expectations.
If you want to take a small short at the moment in anticipation of a correction, then be sure to place a stop! Since if the maximum is updated, they can take it to 29,000.
Also, I analyzed current scenarios in tg and on the YouTube channel, be sure to watch it if you haven’t seen it yet!
Let's diversify the content and consider what can be expected from the broadcast in the medium term.
I see good growth potential for ETH. For more than a year now, ETH/BTC levels have been fluctuating within a descending wedge, which usually breaks out 🔼
Additional factors indicating possible growth:
Bullish divergence is definitely in favor of growth.
News background. Yesterday, Valkyrie's ETH-ETF futures ETF was approved, which is certainly a bullish call for both Ether and the crypto market as a whole.
Before the breakdown, another descent to the lower boundary of the formation is quite possible (but these are minor things). I will open a medium-term long trade on ETH after the formation breaks upward.
As stated in the previous review, the BTC price has updated its local minimum. We reached 26300 and even almost reached the target of 25950 (new low 25990). Congratulations to everyone who shorted this movement on their profit💶
What am I looking forward to next?
The situation is starting to look more and more like a long one. At a minimum, there is a bullish divergence on the hourly clock, which has already begun to work out. Technically, many could place their buy orders in the area of 25900-25950, so we almost didn’t get there. Some longist passengers were dropped, while others were not picked up as much.
I think there is a high probability of reaching 26240 (EMA-20 1h) or 26300 again. If we get a rebound from these levels, then this will be a reason to take a long position, all with the same growth targets of 27000+. In case of a spill below 26200, I would wait with longs until 25950 or even 25600-.
Apparently, we will fulfill the first point from the previous review.
Why the first one, because there weren’t even 26300 yet?
My opinion is that the strength of the 26600 level is just an illusion at the moment. Yes, we are not allowed to fall and gain a foothold below, but we are also categorically not allowed above EMA-200 1h. Perhaps the sellers simply haven’t shown their full potential yet. In the meantime... hidden bearish divergence. Often, a similar situation on the chart indicates a potential update of the local minimum (26377.7 in our case). In this situation, the probability of reaching 26300 or even 25950 is quite high.
Actually, what else can I say? Growth to 27000+ can only be considered in case of successful consolidation above EMA-200 1h, but for now the picture looks short (by the way, I’m thinking about opening a short position)📉
Litecoin ($LTC) Halving and Its Subsequent Growth: Insights for Investors 🤫
Halving $LTC is one of the most anticipated events in the cryptocurrency industry. This phenomenon, similar to BTC, occurs approximately once every four years and has a significant impact on the dynamics of the exchange rate. In this article, I will look at what a halving is, what factors influenced previous post-halving cycles, and what predictions can be made for the subsequent growth of Litecoin. Go!
According to CryptoQuant, the US government's crypto wallet currently has quite a few #BTC coins accumulated. It has already surpassed 200,000 pieces.
It is important to understand that the government is a very unpredictable holder of assets. If they need to raise additional funds for financing any task, they will definitely sell Bitcoin.
Undoubtedly, this "whale" poses a significant threat to market stability!