#BTC!💰 no news is bad news? Ouch! | Gene på Binance Square

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#BTC!💰 no news is bad news?
Ouch!

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Even before yesterday's news about $LDO the 1D chart did not paint a pretty picture for #LDO/USDT📈 It is suspected that the recent move by the Sec against LDO will simply amplify the #BEARISH📉 momentum we are observing in the market and could well reach 0.95 sooner than expected.

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With the fast pace at which the $TON network has grown recently could it be possible that the development of the #TON ecosystem has left little need to hold any actual #Toncoin in your spot wallet, other than maybe saving some cents? The PR team has done a wonderful job keeping sentiments ups as much as possible, but the actual relevance of the coin should not become undermined... I've been shorting this since yesterday and will be looking for $6.75 before I reconsider

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Looking at $XRP on the 1W chart we can see that it has been hammering on the support level for the past 4 weeks consecutively and is now at a point of concentration. The price of #XRP will either increase sharply from this level or more likely break down to the support level of 0.4. We are more likely to see it bounce up again from that level.... lets see, I'm #BEARISH📉 for now.

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Looking at the 1day chart $TON seems to be forming a clear head and shoulders pattern, indicating the possibility for a sharp drop in price to below the $6 area. At this time some bullish momentum could be expected for a day or 2, but ultimately the price might not rise above $7.85 for this week. I considered this price as a good area to start my Short. .....since the launch of Tellegram's new native token on 12 June it seems like #TON has lost its attraction among general users and with that much momentum in growth. Considering that news and marketing play a big role in price movements we should hope the team at Tellegram pul a rabbit out of the hat soon. Thus in my short term view we will likely see some sideways 📈 movement, but medium term much more bearish candles should be expected, unless we see some 🐇🐰🐇

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$TON just formed a Double Bottom pattern on the 15min chart. Looking at the MA lines the MA5 just started its upward swing and it is expected that the price will increase from this level more vigorously once the US market gets going. I'm a little #Bullish for now

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