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Owner: @ianAlex1 Twitter: Twitter.com/ianCryptoTrades Bybit: https://partner.bybit.com/b/ianalex1 Disclaimer:information shared in this channel does not imply any investment advice. #Crypto
Author: IanAlex1
Scalp Lina Long entering some at current market price closing up to 200EMA 5mins. Tight SL
Risky short scalping LINA. U see profit you close it right away.
5-10 second trades
Author: Cryptorider
🔻 154.6M $OP ($252M) will be unlocked after 1 day, 3.6% of the total supply, and 46% of the circulating supply.
81.6M $OP($133M) unlocked to core contributors and 73M $OP($119M) unlocked to investors.
Author: Cryptorider
Trying out. New entries #LINA $LINA
If you aren’t in our discord yet,
Think you should be 🔥
https://discord.gg/97K4AMP8Y2
Cheers!
@ianAlex1
Author: IanAlex1
The desired outcome is for the NFP number to be lower than expected, indicating a decrease in employment and a weaker labor market. This would create pressure on the Federal Reserve (Fed) to implement looser monetary policies, such as reducing rate hikes, which would provide relief to risk assets.
Regarding its impact on cryptocurrencies, it is important to note that the NFP numbers can be contradicted by factors like hourly earnings and the unemployment rate. For example, lower earnings and higher unemployment rates would indicate both fewer employed individuals and reduced earnings. In such cases, the pressure on the Fed to stimulate the economy would increase. Similar scenarios have occurred in the past (in September and November) where relief was observed, despite higher NFP numbers.
Author: IanAlex1
Key Economic Events - Week of May 29, 2023
Apart from the ongoing debt ceiling crisis in the United States, which seems to be nearing a resolution, there are important economic events scheduled for this week. The notable event is the release of the non-farm payroll (NFP) numbers on Friday, June 2nd.
1. Non-Farm Employment Change: This represents the change in the number of employed individuals during the previous month, excluding the farming industry. It is a crucial indicator of the overall strength of the labor market.
2. Average Hourly Earnings Month-to-Month (M/M): This indicates the change in the price businesses pay for labor, excluding the farming industry. It provides insight into wage growth and can influence inflationary pressures.
3. Unemployment Rate: This percentage represents the total workforce that is unemployed and actively seeking employment during the previous month.
Here are the specific details and expectations for these economic indicators:
Non-Farm Employment Change:
- Expected: 189,000 jobs added during the previous month.
- Previous: 253,000 jobs were added in the preceding month.
Unemployment Rate:
- Expected: 3.5% of the total workforce to be unemployed and actively seeking employment.
- Previous: 3.4% of the total workforce was unemployed and actively seeking employment.
Average Hourly Earnings Month-to-Month:
- Expected: 0.3% increase in the price businesses pay for labor.
- Previous: There was a 0.5% increase in the price businesses paid for labor in the previous month.
The most closely watched figure among these is the NFP data, as it serves as a key indicator for economists and traders to assess the strength of the labor market.
Author: IanAlex1
in big profit now on idex, tp some and set sl to BE
Author: Enraptured12
🔥 #BTC testing 20MA monthly which lies in the strongest resistance range 29k - 31k . Breaking this level will be bullish for bitcoin. However a strong rejection on monthly 20MA will likely form kiss of death scenario where 15.6k will be likely broken.
Author: IanAlex1
keep an eye on IDEX. Just broke out. Will long on a retest
Author: IanAlex1
2 Targets Done. ✅ ✅
Author: Cryptorider
#BNB bought in spot around 330 area previously
Author: ⛧Fred🔱Bull⛧
A flush before a bullish resolution indeed, we got that volatility, in extremis, but likely far from being over 🚀
Author: Cryptorider
#NKN $NKN +10% on Spot again 🚀
Author: IanAlex1
https://www.tradingview.com/x/RRcSHIHi/
Author: Cryptorider
This week is full of important economic reports in U.S
1. Beijing Releases White Paper for Web3 Innovation and Development
Beijing has released a white paper outlining its plans for Web3 innovation and development. The document provides insights into the government's approach towards emerging technologies. [Source: CoinTelegraph](https://cointelegraph.com/news/beijing-releases-white-paper-for-web3-innovation-and-development)
2. Debt Ceiling Deal Reached - Here's What's In It And What Comes Next
After negotiations, a deal has been reached on the debt ceiling issue. The article discusses the details of the agreement and provides an overview of the next steps. [Source: Forbes](https://www.forbes.com/sites/anafaguy/2023/05/28/debt-ceiling-deal-reached---heres-whats-in-it-and-what-comes-next/?sh=649441159c5)
3. No ETH to Trade? Ethereum Exchange Balance Drops to a 5-year Low
The balance of Ethereum held on cryptocurrency exchanges has reached a five-year low, indicating a decrease in available ETH for trading. [Source: CoinTelegraph](https://cointelegraph.com/news/no-eth-to-trade-ethereum-exchange-balance-drops-to-a-5-year-low)
4. Tornado Cash Governance Control Set to be Restored as Voters Approve Proposal
Tornado Cash token holders have approved a proposal to restore governance control, signaling a positive development for the project's future decision-making processes. [Source: CoinTelegraph](https://cointelegraph.com/news/tornado-cash-governance-control-set-to-be-restored-as-token-votes-approve-proposal)
5. Hong Kong Securities Regulator to Accept License Applications for Crypto Exchanges Starting June 1st
Beginning on June 1st, the Hong Kong Securities Regulator will start accepting license applications from cryptocurrency exchanges, a move aimed at introducing regulation and oversight in the industry. [Source: CoinDesk](https://www.coindesk.com/policy/2023/05/23/hong-kong-securities-regulator-to-accept-license-applications-for-crypto-exchanges-starting-june-1/)
6. Bitcoin Ordinals Surge as Total Inscriptions Triple Since Start of May
The number of Bitcoin addresses has experienced significant growth, tripling since the beginning of May. This surge indicates increased participation and interest in Bitcoin. [Source: Decrypt](https://decrypt.co/news-explorer?pinned=173268&title=bitcoin-ordinals-surge-as-total-inscriptions-triple-since-start-of-may)
7. Arbitrum-Based Jimbos Protocol Hacked, Losing $7.5M in Ether
Jimbos Protocol, built on the Arbitrum network, has suffered a hack resulting in a loss of $7.5 million worth of Ether. The incident highlights security concerns in decentralized protocols. [Source: CoinTelegraph](https://cointelegraph.com/news/arbitrum-based-jimbos-protocol-hacked-losing-7m-in-ethereum)
Please note that the information provided is based on the given sources, and it's always advisable to refer to the original articles for the most accurate and up-to-date information.
Author: IanAlex1
The impact of the NFP numbers on the crypto market can be nuanced and depends on various factors. Here are a few points to consider:
1. Risk Sentiment: In general, if the NFP numbers come in lower than expected, indicating a weaker labor market, it can lead to a decrease in risk sentiment. Investors may become more risk-averse and seek safe-haven assets like gold or government bonds. This shift in sentiment could potentially result in a temporary decline in demand for cryptocurrencies.
2. Monetary Policy Outlook: The NFP numbers can influence the monetary policy decisions of central banks, particularly the Federal Reserve in the United States. If the labor market appears weaker, it may prompt the Fed to adopt a more dovish stance, potentially delaying interest rate hikes or implementing further quantitative easing measures. Such actions can have an impact on the broader economy and financial markets, including cryptocurrencies.
3. Market Volatility: Significant deviations from the expected NFP numbers can lead to increased market volatility. Sudden market movements and increased trading volumes can affect cryptocurrencies as well. Traders and investors might adjust their positions based on the NFP data, potentially leading to price fluctuations in the crypto market.
4. Macro Factors: It's important to consider the overall macroeconomic environment and other geopolitical factors alongside the NFP numbers. These factors can influence investor sentiment and market dynamics, which in turn can affect cryptocurrencies. For example, concerns about inflation, global economic growth, or geopolitical tensions may overshadow the impact of the NFP numbers on the crypto market.
Remember that the crypto market is highly volatile and influenced by a wide range of factors, not solely the NFP numbers. It's important to consider multiple indicators and factors when analyzing the potential impact on cryptocurrencies.
Author: IanAlex1
idex nicely filled
Author: IanAlex1
laddered entry at 0.080-81-825
Author: UAK
**BTCUSD Update**
The previous breakout failed, resulting in another sell-off that drove the price nearly to its recent lows.
However, bulls managed to hold the 26,200 support level, which is fuelling the current corrective rebound. Furthermore, the short-term push above the range top resulted in a sharp price increase. Price is now back at the 50% retracement level and might potentially target the 61.8% at 29,200.
To turn around and push for a bullish outlook, Bitcoin must begin to sustain above the 29,200 level. Otherwise, the current price increase would simply be another selling opportunity for the sellers.
Author: Cryptorider
Currently #BNB $BNB inside the traingle formation. If breaks down I will sell. Hope this time we break out.
Author: ⛧Fred🔱Bull⛧
A flush before a bullish resolution indeed, we got that volatility, in extremis, but likely far from being over 🚀
Author: Cryptorider
#RDNT $RDNT Breakout -Retest 🚀
Author: Cryptorider
Personally I re-entered #OP
If you’re in Fxs and DAR, TP some and set SL to BE
Cheers!