The possibility of a comprehensive correction in the market until Wednesday evening due to investors’ fear of the US Federal Reserve’s decisions... After that, we can see the market’s continued collapse because the good rising employment numbers in the United States and the wage increase in the United States further reduce the possibility of lowering interest rates due to fear of... Doubling the effects of inflation and the desire to benefit from the increase in wages and the number of workers to stimulate the economy and consumer goods and thus support the rest of the numbers... Then think about reducing the interest level at the beginning of 2025... and the possibility remains of venturing into reducing the interest before that, doubling inflation and breaking the dollar. ..etc. And this is unlikely.. For your information, Bitcoin and digital currencies have begun to behave like gold because they are currencies that protect against inflation. It is likely that we will see a campaign of profit-taking with great fears of entering buying positions. Good luck.
Major financial institutions would buy digital currencies in the event of a collapse in the price of hard currencies such as the dollar and the euro, in order for the institutions to protect their capital, so the price of the digital currency would rise due to the decline in the price of the dollar or the euro, and the price of the digital currency would rise further due to the demand of major institutions to buy digital currencies. But this time, with the collapse of many famous hard currencies, the digital currency market burned as well... The economic data is frightening and indicates a commercial stagnation and with it a shortage in transactions that need to be paid in digital currencies... But the blow was caused by a loss of confidence in... Binance, after the tampering with the BNB market that took place a few days ago, led to an abnormal and deceptive rise in the currency... People lost confidence in Binance because the major traders were lost and the beginners were lured, and today the beginners who were lured were destroyed.
The platform paid the losses from fluctuations in the price of the dollar and the euro and passed them on to the users During the market collapse, withdrawals from deals were disrupted, then purchases were disrupted... The well-known argument would be high demand... The question is why does Banance deal with money it does not have until it crashes due to the large number of orders?! What is useful is: Futures contracts in ...forex... It is safer than credit trading in Binance because pumping $100 billion into the market forex... It is worth nothing compared to the enormity of the market and is not enough to manipulate the market or influence it significantly, but in Binance, $100 million is enough to tamper with the market, deceive traders, and disrupt withdrawals and entries... Binance is a dangerous place where the market depends on the mood and whims of millionaires But the Forex market is affected by the actions of countries and central banks that follow methodologies that can be followed in the media to predict the course of the market....... In short, the Forex is less risky than Binance..
As a trader, I believe that success in Binance is only possible if you buy currencies at the lowest prices and then forget about them for years or stay away from trading more than five percent of your trading capital daily...
If trading were an easy and profitable business, everyone would be involved in trading, and the price of training in trading would not be $100 per course.
When the market collapses, you cannot save your money under the pretext of high demand
Then, when the market calms down and purchasing opportunities are lost, your money becomes available again ............................. There have been many sudden and unnatural movements and fluctuations on Binance .......... Honestly, I no longer trust Binance since the game BNB which they played a few days ago
When you search for your money to open deals, you find that they are not available, and when the market moves in your favor, you also cannot withdraw your money... Binance has become a holocaust.. It appears that futures contracts are in forex
It has become more secure than Binance and less susceptible to manipulation In forex Even the amount of one hundred billion dollars is not enough to manipulate the market... As for Binance, the market maker seems to have become like... mlm Or brokers who bet against traders by opening trades against them
The bot has been running for more than five hours, and the price is across several networks, and no result has been recorded. Can we know the reason? Did a streak occur?
What happened in BNB today makes you understand why whales do not keep their money on global platforms and transfer it to external wallets so that it is not used against them in futures deals and information about them is not sold.
Breaking resistance and historical supports in a way that contradicts technical analysis by pumping huge volume to liquidate traders and raising the platform’s capital using users’ money is what prompts whales to transfer their money, and that is the secret of the alerts you hear about on Trading View.
Whales move their money before transactions to find someone to support them because traders solve large capital movements. Whales also inform other traders of the whale’s entry and withdrawal from the market so that people can be warned and participate in the wave that the whale is making...
Pisces also protects its capital and deals
What Binance did was a bloody massacre
Therefore, I advise every trader to keep his money in an external platform and not enter it to global platforms except before his transactions... and only keep a small capital for quick trades.
I advise all traders on any global platform not to keep their wallets in USDT On those platforms and that So that their money in the futures market is not used against them by the platform owners
I advise that traders transfer their money from global platforms to protected external wallets and do not return their money to the platforms except before their own trades, in order to protect their deals and not use their money without their permission in exchange for trivial interests... Your money may be used in Futures deals against you.
Especially if your capital is large... those with large funds will find someone to support your deals and participate in them so that you can influence the market when you create a large volume... Do not allow platform owners to exploit your money to destroy you and provide information about your property to countries you do not know.
What happened in BNB was a volatile massacre that contradicted all theories of technical and fundamental analysis
I lost only $50, but Binance lost the trust of professional traders and attracted retail
Destroying resistances and historical supports to raise capital, liquidate traders, and violate natural technical theories by pumping huge volume every minute are tricks that lose confidence.
What is happening in BNB is a deceptive sweep that contradicts all theories of technical analysis and lines...
A massacre to liquidate traders, sellers and risky buyers
A legal but unethical act that loses trust and makes trading depend on luck, not experience
Binance is playing a game that attracts retail traders but drives away professional traders
Destroying historical resistances and usual supports and violating the known artistic style is a selfish massacre that loses confidence After this, Binance must beware of judicial follow-up regarding not separating users’ funds and using them without their permission in exchange for providing them with trivial benefits. No one has heard of transferring large sums of money to Binance from external wallets, and only Binance has the capabilities to pump all that volume into the market in a matter of minutes.
A process to raise the value of the bnb and with it the fees in all selfishness
The US government will have to impose on Binance to separate users’ funds from the inventory that Binance can use in the market and prevent Binance from using users’ funds without their direct permission after explaining to them..
It seems that the Binance founder's lawsuit did not stop these games
It will be difficult for Binance to gain the trust of professional traders again, and it will be satisfied with amateurs who play with their savings.
After it affected the price of BNB by destroying historical resistances and supports that traders relied on... and moving it to the market in a way that contradicts Chartist theory... all of this without providing information that is useful to traders.
An unethical act, even if it is legal
1- To liquidate the funds of traders and sellers
2- Keeping buyers afraid of a price rebound so that they do not make a lot of money for themselves, but only Binance and some inexperienced people who are tempted by the green color will benefit from it, so that they will be easy prey later.
3- Raising the value of transfer and cryptocurrency industry fees paid with BNB
4- And raising the value of BNB without allowing traders to benefit from the price increase
5- Increase its stock for borrowing and futures trading so that it can trade freely after taking traders’ money
It reminds us of what the Bank of Switzerland did, which broke historical resistance without prior information or evidence, causing the Swiss franc to lose the confidence of traders for years.
It is an immoral act, even if it is legal...we will remember that.
Because of such actions, the founder of Binance is being sued, who did not separate people’s money from Binance stock and allowed Binance to use people’s money without their permission in exchange for offering them trivial benefits in order to use all that money to influence the market.
It will be difficult for Binance to gain the trust of traders after it affected the price of BNB In a way that destroys traders without informing them of changing its plans or providing information or hints to change its policies in the market
It was common for the BNB price to correct to reduce fees Information about such transformations must be provided
The matter is satisfied by what the Bank of Switzerland did when it broke historical resistance that traders relied on, and then they lost confidence in the Swiss franc for years.
The reason for the rise in the price of digital currencies is the expectation of a collapse in the price of the dollar against other currencies
Don't let anyone deceive you
Today, 05/22/2024, at eight o’clock, French time, interest rates will be announced and the annual interest rate may be reduced several times, which means a continuous decline in the price of the dollar against other currencies, including digital currencies...
Betting on lowering interest rates and lowering the price of the dollar is what is dominating the markets currently... Simply put, everyone is betting on a lower price of the dollar and they are buying other currencies, including digital currencies..
If a reduction in the interest rate is announced, we will expect a decline in the price of the dollar against Bitcoin and all digital currencies and others, which will cause their price to explode and Bitcoin to reach $75,000 and the rest of the currencies to reach record numbers. If interest rates remain as they are, we expect the price of digital currencies to collapse and return to previous levels
$ETH Whales transfer large amounts of Ethereum from anonymous wallets to trading platforms... The possibility of the Ethereum price continuing to collapse