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$LUNA is down. Bad for you. Good for KWONWe've all seen the article and I'll post a link below but heres my view. and yes I am COMPLETELY biased thinking this is a BIG BROTHER banking type move to make money. The article news.bitcoin.com/stablecoin-implosion-luna-and-ust-lose-significant-value-downturn-ripples-across-the-crypto-economy/ My thoughts: Personally I thin it's a ploy to drive the drive extremely low while gaining massive popularity with this token. I think the "devil is in the details" of this article. It was said I think in the second paragraph. "First, we endorse the community proposal 1164 to Increase basepool from 50M to 100M SDR *) Decrease PoolRecoveryBlock from 36 to 18 This will increase minting capacity from $293M to ~$1200M,” the Terra co-founder added." If course u want to mint more to sell more but the more u have minted without active investors per coin or share, then the total minted becomes worth-less. That is until "the troubles" are resolved and the price has room to increase. As noted in the article, Keon and other major players at the top already have large reserves but at that point they had reserves of a limited supply of a commodity. Business rule 101: Create so.ething that everyone wants as long as u have control of its value. If you cant co trolls the value, then create an intrest. If you cant create intrest, then scare the ppl who own it into thinking itll be worth more. But if everyone already has one, then you'll need to create more to gain more investors because ur current investors are maxed out.
LShort
by CoffeeshopCrypto
3
educational publicationcrosses pairs Crosses pairs are the pairs that do not contain the US dollar such as EUR/GBP It consists of the product of two pairs, EUR/USD and GBP/USD. To make it more clear, we can assume the following example: If strong economic data comes out of Australia, to support the Australian dollar you may want to buy the Australian dollar. Your first reaction may be to buy AUD/USD, but what if at the same time recent data also shows that the US is experiencing strong economic growth? AUD/USD price movement may be flat. One of your options is to match the Australian dollar to the currency of an economy that is not doing well. What can you do? Let's say you do some analysis and notice that the Japanese economy is not doing well now, of course you would jump for this opportunity and go buy AUD/JPY. In the below chart, notice the relative strength of the AUD/JPY pair against the AUD/USD. But you are not limited to these currency pairs only, you can compare the Australian dollar against such as the euro, the pound sterling, the Canadian dollar and so on, where you can search for the weakest currency to trade against. If you benefited from the publication, click like to continue publishing educational publications
by Elrouby
1
BTCUSD H1 Sell Zone Gartley CompletionBearish Gartley completing within my Supply Zone for the BTCUSD. It coincides with 4000 psychological level and also completes AB=CD. Have many reasons to take this level for a shorting opportunities. For added confirmation, can look for RSI Overbought and reversal candles. SL: 4018 TP1: 3975 Tp2: 3939 Do like and share this post. Follow me if my trading style suits you as I will be posting new trade ideas and analysis regularly.
COINBASE:BTCUSDShort
by TradeWithWayneYia