Have you got trapped by recent price bounce in $BTC or still waiting with me for $55K zone?
Today here we will try to explain in easy words why we are expecting this dump while many people are bullish. Here are Five reason why we are bearish:
1. Technical
2. Liquidity
3. Powell Speech
4. MTGOX Repayment
5. Psychology
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First of all we will discuss technical , Liquidity and psychology combine. Chart give a breakout looking Bullish but fir those who look only breakout and breakdown . If look closely then we can see #BTCâ price rejected from $61,700 level 3 times . Maximum chance it dump from here to grab Liquidity from lower levels . $500M+ liquidity present at $56K zone. After breakout many people get trapped but we think we need to wait for 1D to close above 62,800 ( Invalidation Point ) to become Bullish . Untill this happen we are bearish and will wait for these levels :
1. $57,500
2. $55,300 You can use 40% funds on each entry to buy.
Now let's discuss about powell yesterday speech and #MtGoxRepayments . Yesterday Powell Speech make People bullish bcz Powell give rate cut signal in September . According to our point of view whales will trap people on this news. Also MTGOX started repayment to creditors again that can also cause selling pressure .
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Theme of talk : BTC will move downward till $55,300.
#PowellAtJacksonHole #CryptoMarketMoves
- A total of 2,093 #BTC , worth approximately $127.85 million, was moved from one unknown wallet to another.
- 1,473 $BTC , valued at around $89.23 million, was transferred from Kraken to a newly created, unknown wallet.
- Kraken sent 60 million USDT, about $60.06 million, to Bitfinex.
- Shortly after, Bitfinex moved 60 million USDT, valued at roughly $60.02 million, to an unknown wallet.
- Bitfinex then transferred $50 million USDT, around $50.08 million, to the Tether Treasury.
- Another 60 million USDT, worth approximately $60.04 million, was sent from Kraken to Bitfinex.
- 975 BTC, valued at about $59.43 million, was transferred from Kraken to an unknown wallet.
- Bitfinex moved 60 million USDT worth about $60.04 million to another unknown wallet.
STAY TUNED AND CATCH MORE UPDATES WITH US
#xmucan #crypto #whale
$PHB
{spot}(PHBUSDT)
{future}(PHBUSDT)
#PHBUSDT
The PHB/USDT trading pair has recently demonstrated a strong bullish breakout, as shown in the latest 4-hour chart. After an extended period of consolidation within the $1.158 to $1.243 range, the price has broken out, climbing to $1.368 with a strong increase in trading volume. This breakout above the resistance level of $1.243 suggests that the market sentiment has shifted in favor of the bulls, signaling the potential for further gains.
The price is now approaching the next key resistance level at $1.528, which could be a short-term target if the current momentum continues.
Traders who entered during the consolidation phase could see this as a profitable move, especially if the price sustains its momentum above the $1.243 support level. The market is showing signs of a strong uptrend, but it's important to watch for any potential pullbacks that might test the newly established support.
the PHB/USDT pair appears to be in a solid position for further growth, with the breakout providing a positive outlook for traders looking to capitalize on this momentum. If the price can maintain its upward trajectory, the $1.528 resistance level could be the next significant hurdle.
Disclaimer: The information provided in this analysis is for educational purposes only and should not be construed as financial advice. Trading cryptocurrencies carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
#6thTrade #MarketSentimentToday #Market_Update #BecomeCreator
Donald Trump might find it challenging to fulfill some of his pro-crypto campaign promises if he wins the upcoming election, an expert has cautioned. Professor Tonya Evans, a specialist in digital assets, told Cryptonews that certain promises made by Trump during his campaign are "literally impossible" to achieve. For instance, Trump has pledged to remove SEC chair Gary Gensler on his first day in officeâa process that would realistically take months or even years to complete.
Evans, who recently led a panel at a Crypto4Harris virtual town hall, emphasized the difficulties in implementing such promises. This event brought together industry entrepreneurs in support of the Democrats. During the discussion, Senate Majority Leader Chuck Schumer mentioned that Congress could pass crypto legislation by the end of this year. However, while Vice President Harris has been urged to clarify her stance on digital assets, crypto was notably absent from the 92-page agenda released prior to the Democratic National Convention.
#CryptoMarketMoves #BinanceBlockchainWeek #LowestCPI2021 #Babylon_Mainnet_Launch #BinanceLaunchpoolDOGS
URGENT UPDATE REGARDING $RARE $MATIC $NOT
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1ïžâŁ RARE: RARE is experiencing a significant decline of 8.26% to 0.2556, indicating a potential correction. To reverse this trend, RARE must break above the 0.27 level and close above 0.30. Failure to do so could lead to further downside.
2ïžâŁ MATIC (MATIC): MATIC is surging with a notable increase of 11.47% to 0.5249, indicating a potential continuation of the uptrend. To sustain this momentum, MATIC must break above the 0.55 level and close above 0.60. Failure to do so could lead to consolidation.
3ïžâŁ NOT: NOT is experiencing a moderate increase of 1.22% to 0.01082, indicating a potential stabilization. To reverse this trend, NOT must break above the 0.011 level and close above 0.012. Failure to do so could lead to further consolidation.
KEY LEVELS TO WATCH:
- RARE: 0.25 (support), 0.27 (resistance)
- MATIC: 0.50 (support), 0.55 (resistance)
- NOT: 0.0105 (support), 0.011 (resistance)
#Write2Earn! #BinanceTurns7#CryptoMarketMoves #MtGoxRepayments #BinanceLaunchpoolDOGS
#Binance To Enhance Compliance Requirements:
Binance CEO Richard Teng announced to hiring of additional force in their compliance department. The decision was taken regarding the recent regulatory conflict, the largest crypto exchange is facing, including the Tax fine in India.
Interestingly, #Binance spending on compliance requirement to exceed $200 million amid new hiring plans, higher than legal cost for #Ripple in SEC lawsuit.
Spending on compliance surpassed $200 million from $158 million two years ago. Richard Teng says costs set to increase further as monitors appointed by the US agencies, Forensic Risk Alliance and Sullivan & Cromwell, have already started work.
What's next for $BNB price?
#POLYXUSDT $POLYX
{spot}(POLYXUSDT)
{future}(POLYXUSDT)
The POLYX/USDT trading pair has recently shown a significant bullish breakout, as evident from the latest price action on the 4-hour chart. After a prolonged downtrend, the price found support around the $0.1960 level and began to consolidate within a range between $0.1992 and $0.2115. This consolidation phase built a strong base for the recent bullish movement.
The price has now surged past the key resistance level at $0.2131, currently trading around $0.2290. This breakout is supported by an increase in trading volume, suggesting that the move is backed by strong market participation. The next resistance level to watch is around $0.2436, which could act as a short-term target for this upward momentum.
Disclaimer: The information provided in this analysis is for educational purposes only and should not be construed as financial advice. Trading cryptocurrencies carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
#BecomeCreator #6thTrade #Market_Update #MarketSentimentToday
đ„đ„đ„ #celestia : Market Dip Leaves $TIA Investors 16% In The Red
Celestia Faces Short-Term Decline but Long-Term Recovery Possible
Market Downturn:
- Celestia's native token, TIA, has fallen over 18% in the past week amid a broader 3% market decline. The bearish trend is pressuring bulls as prices continue to drop.
Innovation Amid Decline:
- Celestia remains active in innovation, which could aid in a long-term recovery. Key developments include Zaarâs integration of SudoSwap, an #NFTâ AMM protocol, on its #blockchain. This integration could boost Celestia's market position if NFT interest revives.
Current Price Action:
- TIA is trading between $4.8 and $5.9, providing a potential base for a recovery. Investors should focus on accumulation as TIA's movement is influenced by overall market sentiment.
Future Outlook:
- If bullish sentiment persists, TIA could break the $5.8 resistance and potentially reach $6.3. Patience and continued support for Celestiaâs developments are crucial for this potential upward movement.
Source - newsbtc.com
#CryptoTrends2024 #BinanceSquareTalks
$4 Billion Cryptocurrency Scammer Captured in Istanbul đš
In a major victory for international law enforcement, a notorious cryptocurrency scammer responsible for a $4 billion fraud scheme has been arrested in Istanbul, Turkey. The individual, whose name has not been released, had been evading authorities for years, moving between countries to avoid capture.
The Fraud Scheme đ”ïžââïž
This massive scam involved a network of fake investment platforms that promised high returns on cryptocurrency investments. Victims from all over the world were drawn into the scheme, only to see their money vanish. Authorities believe the total amount stolen could exceed $4 billion, making this one of the most significant cryptocurrency scams ever uncovered.
The Capture đ
Turkish authorities, after months of diligent tracking, successfully apprehended the suspect in Istanbul, a city known for its dynamic cryptocurrency market. The individual now faces extradition to multiple countries, where they will likely be charged with fraud, money laundering, and embezzlement.
Implications for the Crypto Community đ
This arrest marks a crucial step in the global effort to combat cryptocurrency fraud. It demonstrates that law enforcement agencies are becoming increasingly effective at pursuing and capturing those who exploit digital finance. However, it also serves as a critical reminder for investors to exercise caution and thoroughly vet any cryptocurrency ventures before committing funds.
Looking Ahead đ
The extradition and upcoming legal proceedings will be closely followed by both the legal and cryptocurrency communities. The case could set significant precedents for international cooperation in fighting digital fraud and may provide a path for victims seeking to recover their lost funds.
#CryptoMarketMoves #BinanceBlockchainWeek #LowestCPI2021 #BinanceHODLerBANANA #Babylon_Mainnet_Launch
đ The Crypto Bull Run is On!đ
Donât miss out on this key moment in the crypto market! Here's your simple guide to navigating this cycleâs peak using three essential metrics:
1. Total Crypto Market Index:
- Includes $BTC, $ETH, and all altcoins.
- A rising market cap signals bullish trends, while a decline could indicate a bearish phase.
2. Total 2 Index:
- Focuses on altcoins by excluding Bitcoin.
- An upward trend here shows that altcoins are thriving. Watch for divergences: if Total 2 outperforms Bitcoin, it could signal the start of an altcoin season!
3. Total 3 Index:
- Tracks the market cap of smaller altcoins.
- Growing momentum in this index means speculative coins are gaining attentionâoften a sign that the market is nearing a top. Be cautious, as sharp surges can lead to corrections.
Stay vigilant, plan wisely, and make the most of this crucial market opportunity! đđ
#BinanceLaunchpoolDOGS #PowellAtJacksonHole #CryptoMarketMoves #BinanceBlockchainWeek #LowestCPI2021
Today's significant employment revision, the largest in 15 years, has unveiled a weaker U.S. job market than previously reported. Estimates from Goldman Sachs and Wells Fargo had anticipated a downward adjustment between 600,000 and 1 million jobs, and the actual figure from the Labor Department came in at 818,000 fewer jobs.
This revision, the largest since 2009, indicates that the labor market was not as strong as initially thought, with 818,000 fewer jobs created for the 12-month period ending March 2024. This revelation puts added pressure on the Federal Reserve to consider lowering interest rates. Jeffrey Roach, the chief economist at LPL Financial, expects the Fed to signal a possible rate cut in September.
Robert Frick, corporate economist at Navy Federal Credit Union, noted that while the revisions werenât unexpected, they underscore the need for the Fed to consider rate reductions. Following this new data, thereâs increasing anticipation of a rate cut next month, with investors largely expecting a 25-basis-point reduction. Thereâs also a growing possibility of a more significant 50-basis-point cut.
All attention is now focused on Fed Chairman Jerome Powellâs upcoming speech at Jackson Hole on Friday, where his comments will be closely watched for any hints on future rate adjustments.
#BinanceLaunchpoolDOGS #PowellAtJacksonHole #CryptoMarketMoves #BinanceBlockchainWeek #LowestCPI2021
BTC/ETH/ BNB PRICE ANALYSIS......âïž
Bitcoin Analysis:
Bitcoin needs a significant surge in demand soon to drive it above the all-time high, but Bitcoin whales seem hesitant. Could buyers maintain Bitcoin above $60,000, sparking widespread buying in the cryptocurrency sector?
đBitcoin Price Analysis:
Bitcoin bulls attempted to push the price above the 50-day simple moving average ($61,314) on Aug. 20, but the bears successfully defended the level. However, a minor positive sign for the bulls is that they have not given up and are trying again to push the BTC/USDT pair above the 50-day SMA. If they succeed, the pair may gain momentum and climb to $65,660, and then possibly to $70,000. Strong resistance is expected between $70,000 and $73,777.The key support level to monitor on the downside is $55,724. If this level fails, the pair could plummet to $49,000.
đEther Price Analysis:
The bulls were once again unable to push Ether above the 20-day EMA ($2,707) on Aug. 20, indicating that the bears are selling into rallies. The bears may attempt to solidify their position by driving the price below $2,500. If they succeed, the ETH/USDT pair could drop to $2,300. This level is likely to attract buyers because a breakdown below it could send the pair down to $2,111.The bulls, on the other hand, are expected to regroup and attempt to drive the pair above the 20-day EMA. If successful, the pair could rise to the breakdown level of $2,850.
đBNB Price Analysis:
BNB surged and closed above the downtrend line on Aug. 19, signaling that the bulls are now in control. However, the bears are unlikely to give up easily. They may try to drag the price back below the downtrend line and the moving averages. If they succeed, it could indicate that the breakout was a bull trap.Conversely, if the price rebounds from the downtrend line, it would suggest that the bulls have turned the level into support. The pair could then attempt to rally to $605, and eventually face strong resistance at $635.
$BTC
{spot}(BTCUSDT)
$ETH
{spot}(ETHUSDT)
$BNB
{spot}(BNBUSDT)
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