👨🏻💻 $BTC UPDATE
Let's define our main local range area: $50500 - $53000 zone. If bulls are awake, the price should stay inside this blue zone to pump later. However, #BTC is losing this range as I type this text 🤒
In case this range is lost, there are two support zones: $40k - $44k and $44k - $47k. These areas are very likely to hold the price, they are great to form a global bottom!
The most important is timing. If #BTC stays above $50k, global bottom will be formed in a matter of weeks. If #BTC dumps to lower support zones, global bottom will be forming for months! That's why I really hope bulls are ready to hold the line 🙏
The VIX (stock market volatility index) is the highest it's been since:
2020 (pandemic)
2008 (global financial crisis)
Crazy stuff
#ETH dumped super bad, below Fibo correction zone. A small bounce is the best you can get here 🥲
Читать полностью…🇯🇵 Let's start with NIKKEI, as Japanese market was the catalyst of the move.
Here's the deal: for the first time in decades Bank of Japan hiked the interest rate to 0.25%. It seems relentless, but this actually is the reason of the huge dump!
A lot of funds borrowed money in Japan basically for free. Then they used this money to buy bonds, stocks and crypto. Now, as interest rate surged up, this scheme is no more profitable! Thus, funds and individuals are selling their equities to pay the debt.
As a result:
- US bonds down
- Dollar down
- stocks down
- crypto down
- Japanese Yen up
You only see these situations only once or twice in a year. Top altcoins are 30-40% down!
Buy the Dip by chance if you have have money 😂😂
🚨Breaking: $1 Billion Liquidated in 24 Hours
$1,000,000,000 liquidated from the cryptocurrency market in the past 24 hours.
URGENT MARKET NEWS
-The Japanese Stock Market Has Sunk At Open, Down 6% So Far.
-The South Korean Stock Exchange Has Halted Sell Orders Due To Volatility, With The KOSPI ( South Korea's Standard Index) Down Almost 6%.
-Bitcoin Is Down 10% On The Day, With -Ethereum Down 20% In The Past 24 Hours
-India volatility index surges 20% as market extends fall, global markets slump
Crypto market saw a $500 billion sell-off since August 2 due to weak jobs data and recession fears.
$BTC: $54,048 | 24H: -10.94 🔽
$ETH: $2,323 | 24H: -20.14 🔽
$SOL: $129.69 | 24H: -11.20🔽
$TON: $5.38 | 24H: -10.68 🔽
Liquidation Alert
$231.8M Liquidated in last 24 Hrs.
Long Liquidation : $196.8M
Short Liquidation : $34.9M
#BTC approaches $59k support! I don't like how we got here, slow bleeding over weekend never means anything good.
I am not buying this support!
Bitcoin's price had dropped below $60,000 but has now reclaimed its position above this level.
It's crucial for Bitcoin to hold this level; otherwise, the price could drop to $57,000.
Currently, it is forming a falling wedge, which is a bullish pattern. If this pattern holds, we might see a breakout.
📢In the past 24 hours 75,269 traders were liquidated.
➡️The total liquidations comes in at $191.15 million.
👨🏻💻 #ZIL UPDATE
#Zilliqa's current daily bias is on the downside near the 4-hour rejection block. The price is expected to bounce from there to follow its monthly bias, which is the previous month's high.
Price might touch or go through the rejection block's low liquidity. Wait for a market structure shift (MSS) for a confirmed long entry. If the $0.01305 level breaks, the setup will be invalidated.
Entry : $0.01527
Target : $0.01676 , $0.01727 , $0.01786
SL : $0.01375
🥵 Just a reminder that in global terms, #BTC is overheated. Basically there are two options:
1️⃣ To cool off and then try to run again like in 2021
2️⃣ To keep rallying hard, staying in overbought zone like in 2017
I am leaning towards second option, but anything can happen.
👨🏻💻 REVIEW BITCOIN
Key mirror level was lost. I closed all my longs.
The price is in the air, this is not a dip you want to buy! Better wait until #BTC interacts with either $59k support or $63k - $64k resistance!
By the way, #BTC left a significant CME gap above! This is one of the gaps that will be closed for sure!
Читать полностью…#SOL reacts much better than #ETH! The price is still way above 0.382 Fibo level, dancing around mid.
$91 is the last stand for #SOL bulls!
#BTC dumped right into 0.382 Fibo. Remember that technically this level needs to hold, because otherwise correction becomes a market switch from bull to neutral/bear!
Читать полностью…📌What happened in Crypto in the last 24H👇
➡️Bitcoin fell to 52,300 where as ETH fell sharply to $2111
➡️$800.32M liquidated from the crypto market in the past 24 hour.
➡️Biggest 2-day drop for the Nikkei in history, surpassing Black Monday.
➡️Jump Trading has likely been offloading $ETH, unstaking $500M worth over the past 2 weeks. Rumors suggest they are exiting the crypto market maker business.
➡️Crypto fear and greed index fell to 26 indicating fear sentiment in the market.
#ETH also dumped right into multi-month support! Unfortunately, I think it won't hold the price this time 😢
Читать полностью…Solana is dumping hard and is about to reach its major support level at $125.
It is expected that the price will hold at this level and may bounce back.
You can take an entry between $125 and $120.
Once the market starts to recover, we can expect to see a pump in Solana's price. #SOL
Long-term #Bitcoin HODLers are buying the dip, adding over 110,000 $BTC in July to their wallets!
Читать полностью…👨🏻💻 #ETH UPDATE
#ETH's monthly, weekly, and daily bias is bearish. The price is likely to test the $2878 to $2822 range soon.
There's a high probability that the price will touch the $2821.9 level, which is the previous month and week's low.
The price is expected to tap into the month's low liquidity. Once these levels are tested, the next move for $ETH will be planned accordingly.
Key levels to watch : $2878 to $2822.
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Wall Street Journal reports that Israel and the US are preparing for an 'unpredictable Iranian retaliatory strike on Israel as soon as this weekend'.
Читать полностью…