👀 FTX is in deep trouble :
1. FTX's stablecoin reserve just reached a year-low. -93% in last two weeks!
2. FTX hourly withdrawals for ETH just hit an all-time high.
3. FTT token reserve across all exchanges reached an all-time high.
💰 Binance is selling half a billie worth of $FTT tokens due to claims "FTX was lobbying against other industry players in secret."
💰 FTX users are facing delay while withdrawing their funds.
Not your keys not your Crypto 🥇
"More than 90% of your Funds should be in your Cold Wallet."
Not recommended to hold funds on troubled exchanges.
🚨 JUST IN : #Binance is selling all of the #FTT they own, which is worth $2 billion.
A month and a half ago, Almeda's CEO resigned.
This week, there are rumours that FTX's trading company, Almeda, is bankrupt.
8 Nov US 🇺🇸 Midterm Elections
10 Nov US 🇺🇸 CPI
15 Nov G20 📣 Meeting
17 Nov UK’s 🇬🇧 Crunch Budget Plan
21 Nov World Cup ⚽️ Opening Ceremony
23 Nov 🇺🇸 #FOMC Minutes
@Fin_Watch
🥇 BTC Yearly candle chart is showing bear market end is near.
Cycles are repeating :
3 Year Green followed by 1 year Red.
Possible Scenario :
Bottom 2022 -> Retest in 2023 -> Parabolic Run Starts in 2023 End.
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🥇 BTC failed to close 4 hr candle above our SL. Selling pressure kicked in!
Trade is Still Active!
🥇 Shorting BTC here! expecting 3-6% down move. 📉
The first short entry here is $20100, and the second is a little higher.
If bitcoin breaks above $21.2k, the short position becomes invalid.
💰 Plan is still same, SHORT If BTC hits....
$21.5k - $22.5k reversal area.
or Breakdown of $20k level
📊 FOMC meeting in next 4 hrs 30 mins.
Rate hike announcement :
Above .75 bps : Bearish 📉
Below .75 bps : Bullish 🚀
If .75 bps then : Choppy 📉📈
🚨 Largest Crypto options exchange Deribit loses $28 million in hack, halts withdrawals. — link
Читать полностью…🚨🚨 Why is the G20 meeting one of the year's most important event?
On November 15, India's finance minister will be in charge of all G20 issues, and they are ready with a Crypto framework for all G20 countries.
In this year, the FM of India 🇮🇳:
- Put in place a flat 30% tax with no loss setoff.
- Imposed Every buy and sell order a 1% TDS transaction fee.
- Started CBDC last week and called Crypto citing risks to financial stability.
- She wants to stop crypto from growing and promote CBDC & centralised government blockchains.
- Already warned foreign exchanges that they should stop working with Indian customers.
- To get information about tax invaders they might order a ban or impose a worldwide crypto framework on foreign exchanges.
India has the most people who own crypto in the world. India's FM is definitely going to make things hard for India and the whole industry. 📉📉
Major cryptocurrency exchanges are worried about the G20 meeting, Also 💰 CZ tweeted about it day before yesterday: "India's cryptocurrency taxes may kill the industry."
🚀 Fidelity Investments is set to launch a retail crypto-trading platform.
Starting with zero-commission trading for Bitcoin and Ethereum
💰 Important Tweets from CZ this week :
1. Crypto is high risk (Nov 5)
2. Binance Selling all FTT tokens. (Nov 5)
3. India’s crypto taxes may ‘kill the industry, (Nov 4)
4, WAGMI! Bullish Tweet Quickly Deleted. (Nov 3)
Something is cooking ♨️
📊 Institutional Crypto Investment Products’ Trading Volumes Drop to Two-Year Low 📉
Final Capitulation for fair price of Bitcoin is what most of retail and institution waiting for..
We already accumulated a small amount of BTC and ETH, and we're ready to get more in the capitulation, which is expected to happen in the next 2 to 3 months.
💰 BTC Update
Bitcoin hits the strong resistance / reversal area of $21.5k - $22.5k.
🥇 Bitcoin is currently trading at $21.4k, while the CME closed at $21.1k
Bitcoin will attempt to fill this gap when CME opens for trading on Monday.
We stopped out on last btc short with tight sl.
Once CME opens, we will enter our next position in bitcoin.
📊 Our Avg entry Price : 20500, So If 4 hr candle close above $21.2k we will exit trade.
Читать полностью…🥇 Bitcoin's price fluctuated by $400 in just 30 minutes on the news of a rise in US unemployment by 3.7%.
Читать полностью…JUST IN: 🇬🇧 Bank of England warns the country is entering the longest #recession in modern history.
@Fin_Watch
🚀 October 2022 VIP Results
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📊 FOMC Effect on markets :
On every single FOMC rate increase markets have DUMPED at 2:00 pm est when the rate hike was announced and PUMPED at 2:30 pm est when Powell spoke.
As a result, we must be prepared for some volatility. I recommend closing alts positions and holding only 50% of BTC and ETH positions.
Binance Futures
#AMB/BUSD Take-Profit target 3 ✅
Profit: 75.1235% 📈
Period: 3 Days 15 Hours 1 Minutes ⏰