$SHIB players must read this! ! ! Shiba Inu Price PredictionCryptocurrency analyst Cold Blooded Shiller dives into the future direction of Shiba Inu (SHIB) regarding Dogecoin. The analyst pointed out that with Dogecoin's recent bullish trend.
Coldblooded Shearer mentioned in a post on . He said that the Shiba Inu's behavior over the past few days was "abnormal". After technical analysis, he declared that the Shiba Inu is "extremely well positioned" on higher time frames (HTF).
+ + BTC Spot ETF had 13 consecutive green sessions with more than $49M poured in on May 30, ARK fund sold strongly for $100M, however other funds collected more than $144M, Fidelity carried the team when it collected $119M
+ SEC requires companies to amend S-1 application for Ethereum ETF by May 31
+ SEC commissioner proposes digital securities testing framework between US and UK, allowing crypto companies to operate under supervision for two years
+ Donald Trump was convicted of 34 counts of concealing information that could affect the 2016 election, with a low chance of jail time because of a minor crime and no criminal record.
+ Elon Musk denies rumors of advising Mr. Trump but still praises Crypto
+ Terraform & Do Kwon reached a temporary settlement agreement with the SEC, price $LUNA increased strongly
+ Instructions for making an airdrop for the GameFi Avalon project
+ Polyhedra sadly changed its token to $ZKJ after 1 week of dispute with zkSync
+ Bitcoin Staking Babylon platform raises huge capital of $70M led by Paradigm
+ Neynar, a project under HST Farcaster, raises $11M Series A capital led by Haun Ventures
+ Blockchain gaming Zentry (formerly GuildFi) calls for more capital from Spartan Capital, DWF Labs,...
This election, I think the possibility of Trump being elected is very high because he chose to support crypto! The goal this time, the elites want the new president to stabilize the economy and inflation in the long term, bringing it back to 2%, along with being tough in foreign affairs. You may not know that the Republican Party's economic policy is that they believe in a state that has enough impact on the economy, and less subsidies would be good. As for the economic policy of the Democratic Party, a state must have a lot of impact on the economy to equally distribute assets to the lower classes to avoid discontent - Democrats love subsidies! ---> To achieve the goal of bringing inflation back to 2% in the long term, the elite need people to run out of money and spend less! It will be done by the following 2 things: - Reduce subsidies, reduce consumption among people --> Bring the Republican Party to power - Use the financial market to collect money --> Stimulate the financial cycle for people to swing to the peak of stocks and bonds. This time, the fishing line will be very special when the elites have one more thing. The new weapon is Crypto! In the near future, you will see the keyword crypto appear with terrible frequency #MakeCryptoGreatAgain
❤️ H4 frame: $BTC is creating a Bullish wedge pattern. The next beat could push the price to 69k4 and touch 67k8 before breaking the wedge, increasing the price towards the old peak of 71k - 72k
❤️ Frame D1: BTC reacted after touching the trendline. Expect this to be a backtest step to break through to the top. If you break the trendline, the next target will be 75k-78k. The trend shows that the market is positive.
🚨 Trading Plan: LONG BTC: 67k - 68k. TP: 70k - 71k - 72k Good luck with your trading 👌👌👌
First is the perspective from Future Data: - When the market flew in surprise, $ETH turned into a unicorn with a breakthrough of more than 20%, it was surprising that the data recorded that the Short rate was gradually becoming more overwhelming. "Is it because long orders have gradually closed their orders?" - The answer is no! Looking at the remaining data, it can be seen that around the time the short rate began to increase, OI also opened in large quantities. -> So the long ratio is gradually decreasing not because of order closure but because of strong fomo defensive shorts. And this has led to a familiar consequence, which is....the increase in liquidation above. Attractive price scans & absorbs these fertile areas. And this is just Future's perspective, let's move on to the next part.
Second is the data perspective from the Options market. - The current area of ETH's 3k7 mark is the realized price area with the strongest volatility from many expectations and different maturity dates. - In other words, once we leave this fighting zone, it will be a very strong increase or a very sharp decrease. "So, faced with the risk of such strong fluctuations, what should Whale positions bet on?" - Right at the time ETH was galloping, there were 2 Option positions opened that expired on May 31, with the maturity value of both being more than $250m. (So that everyone can imagine how big this order is, imagine that the largest single purchase of ETH on Binance was just over $53 million. "So what did that crazy mass expect?" - They expect that $ETH will rise above the $3720 mark. Because only when they pass this milestone will they start to make a profit. And the peak profit mark will be somewhere around the 4100-4200 mark. - Even though ETH is currently around the $373x mark, with my experience, just breaking even is not enough motivation for them to close their orders. -> Whale is setting up for a push Combined with the short story that is gradually fomo, forming dense liquidation zones as analyzed above. This is "a dangerous trap for the short side" Which is also our focus today. And if you think about it from another angle,
The market will sooner or later receive positive incentives in the near future.
BTC update May 23, 2024 ➕H4 frame:#BTCcreates a gradually lower peak and low, creating a short-term downtrend. The 2 areas that can be retested are 68k3 (at EMA34), lower is 67k5. ➕Frame D1: 2 consecutive red candles forming, it is possible that the next situation BTC will correct slightly today. 🔥Today there will be news about#ETHETF. The approval rate is currently 75%. If approved, Altcoins, especially the#ETHsystem, will have a major price increase. 🔥Still pay attention to the Layer2 models mentioned yesterday:#OP-#STRK#ARB 🤙Today's trading plan: LONG BTC soup in areas 67k5 - 68k3. 👍Target increased again to Zone 71k5 - 73k6. Wishing you good luck in your new trading day...
💎I will give my perspective on BTC during this period. Currently, BTC is in the 69k-70k supply zone. This is an area with a lot of liquidity. A series of orders were liquidated in this area. BTC is showing signs of accumulation in the 69-72 area in the 1h frame. 👉Th1: If BTC absorbs the supply in this area and there is fomo, BTC will jump past area 73 to reach a new ATH that could be the 80k area (60% probability of happening because I just updated some news very good for BTC) 👉Month 2: If this jump fails, BTC will return to the 64.5k-66.5 area to get liquidity and shake off long orders. 👉TH3: BTC will collapse in one fell swoop to the 48-50k area, which is quite difficult, but MM guys have no bottom in their stomachs. 💎💎💎 I'm still putting my bet on bitcoin because I haven't bought it yet😁😁😁😁 Wishing you peace