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(Un)stablecoinsBe aware, there's a reoccurring theme in stablecoins lately, and doesn't seem to be getting better yet. Many crypto/assets are down more about 50% in a few weeks! Now would be a good time to partially close some shorts issued against stablecoins, or if you sold lots of crypto and hold stablecoins which are still lucky enough to be stable: USDT, BUSD, and a few small others. There seems to be a theme like falling dominoes of failing pegs, for various reasons, including a combination of cyclical pressure, delays in peg liquidity, activist traders, and others. In all the panic and crazyness, a decent short-term long entry is not out of the question if you are into swing trading. I don't want to know will happen if USDT breaks more than a few percent away from the peg, though. Does that mean the dollars are useless and suddenly assets become a good hedge again? Or does everything become worthless? There's risk everywhere and it's often worth waiting. We DO NOT know if it's about to get much worse or not. It's hard to ultimately judge upward/downward risk with such volatility. We could be at the beginning of capitulation or near the middle, but I don't think we are near the end yet. We shouldn't assume it will simply go up if we decide to buy it simply because it's cheap. I'm seeing risky long-term longs until at least June or July. Historically it's not safe to buy a falling knife like this unless you like serious risk, and I wouldn't automatically assume the general market is oversold enough to recover yet, even though it looks oversold. Hopefully this raises some macro awareness if you didn't know about this crazy situation! Let me know what you think, and I hope you weren't holding too many UST. Good luck and don't forget to hedge your bets.
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by fringe_chartist
1
❗Black Swan by stablecoins. Threat or opportunity for traders?Hi friends! If it heppen to one UST is it heppen to another stablecoins? Next trigger for BTC dump can be caused by stablecoins instability. In this idea i`ll show you some facts about it! 🦢Black Swan. The last Black Swan in all financial markets happened in 2020 because of Covid-19. The crypto market fell by 64%. After the bull market, the Fed Reserve started raising the interest rate, BTC fell by 56%. What if all the stabelcoins are not secured by anything? If previously the fall of cryptocurrencies was caused by global cataclysms, now we can expect the first black swan only for the cryptocurrency market. With a EXTREME fear in the market and panic sales of retail traders, BTC could fall to $22k or lower. 📊Stablecoins by Market Capitalization: 1. Tether (USDT) - $83B 2. USD Coin (USDC) - $48.5B 3. Binance USD (BUSD) - $17.1B 4. Dai (DAI) - $6.9B 5. TerraUSD (UST) - $6.9B Total: $169.4B ❗It`s almost 10% of TOTAL Crypto market Capitalization (169.4/1400). 💱We all know what happened to Luna and UST stabelcoin. US Treasury Secretary Janet Yellen pushes for stablecoin regulation by end of year. Even if the LUNA and UST recover to their previous price, a lot of attention will be focused on other stablecoins as well. On the other hand, this is positive for the crypto market and market players, as crypto security will increase. ✅Friends, if you don`t know what to do when BTC fall by 60-75%, check this idea! I made an educational idea for you when BTC was $39k. It describes 3 ways how you can identify the bottom of the market for BTC and Altcoins! Friends, where will Bitcoin bottom price? $20-22k or lower? Or BTC already find the dip and go to renew ATH? Share your ideas in comments! Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
10
SHIBA Volatile Move Ahead: Triangle Analysis FTX:SHIBUSD Over the course of several months, SHIB has formed a triangle pattern . Triangle patterns are classically ending in a strong climax either way. Seeing that both crypto and stocks are trading bearish at the moment most likely scenario will be for SHIB to break bearish If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with your like and comment, thank you
FTX:SHIBUSD
by actiontrader98
7
💡Don't miss the great buy opportunity in MIRBUSD @mircoin01Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.766). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . MIRBUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 55. Take Profits: TP1= @ 2.012 TP2= @ 2.162 TP3= @ 2.332 TP4= @ 2.512 TP5= @ 2.754 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
MLong
by ForecastCity_World
4
💡Don't miss the great buy opportunity in MIRBUSD @mircoin01Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.766). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . MIRBUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 55. Take Profits: TP1= @ 2.012 TP2= @ 2.162 TP3= @ 2.332 TP4= @ 2.512 TP5= @ 2.754 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
MLong
by ForecastCity
2
BINANCE USD (BUSD) IS AT A CRITICAL LEVEL TO NOTE. BUSD all time high has occurred twice leading to formation of a relative M pattern. BUSD retracement is currently at about 40% from the beginning of the BULL RUN that led to the last all time high (ATH). This asset has been retracing, hitting and retesting the FIB levels as displayed on my TA (chart). BUSD is currently sitting at $400, FIB 61.8 level, horizontal TL and they are all my support level (zone). My opinion: 1. Continue bullish run to $440 zone 2. Break the current Support zone and run down to my target buy zone @ $360 - $340. This my target is also at the beginning of the neck of the M-pattern. I will wait to add more to my portfolio at around my option 2. KINDLY SUPPORT ME WITH YOUR LIKES, COMMENTS AND FOLLOW.
BINANCE:BNBUSDShort
by ForexClinik