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🔴 Be ready for 25k BTCThe price of Bitcoin is $27,460 today with a 24hour trading volume of 8.6 billion dollar. This represents a -3% price decline in the last 24 hours and a -6% price decline in the past 7 days In terms of technical analysis, it is not looking good for Bitcoin in the short term. The MACD line is below the neutral zone, indicating that there are more sellers than buyers in the market. We have a Head & Shoulders pattern completed on daily and we are testing the neckline of the one, looking for a correction to 25k in case we break below the neckline and confirm the pattern we have two important support levels, the orange line which shows the daily uptrend and blue one at 27k, bulls lost point of control at 28k and today candle is under EMA 50 Bitcoin has been underperforming since the United States inflation figures came out earlier this week. The inflation figure in the United States remains high, indicating that the Federal Reserve could continue with its interest rate hikes however, if the Federal Reserve pauses its rate hikes, assets like Bitcoin could be one of the biggest winners
Short
by moonypto
18
First Republic Bank | FRCFirst Republic stock plummets after revealing deposit exodus in March The stock of First Republic FRC dropped more than 43% Tuesday after the bank surprised investors and analysts by revealing an outflow of more than $100 billion in deposits in March. The disclosure made during the release of its first-quarter results on Monday afternoon raised new questions about the fate of a San Francisco lender that was at the center of last month's banking turmoil.the company outlined its survival strategy Monday. It said it plans to increase its insured deposits, trim the borrowings it used to cover customer withdrawals, shrink its balance sheet and reduce its workforce by 20-25% to cut expenses. It is also pursuing other “strategic” options, including a sale or raising more capital.the bank is considering divesting HKEX:50 billion to $100 billion of long-dated securities and mortgages to make an eventual capital raise easier. Its stock, which was already down more than 85% this year, was briefly halted for volatility on Tuesday. Other bank stocks also dropped, including some of First Republic's regional rivals. PacWest (PACW), a lender based in Beverly Hills that reports earnings after the market close, was down more than 6%. HomeStreet (HMST), a lender in Seattle that reported earnings Monday, sank more than 36%. analysts said First Republic faces a lot of uncertainty as it tries to recover from last month's chaos. “First Republic appears to be in a holding pattern and burning fuel,” Evercore analysts said in a new research note. Wells Fargo analysts said in a separate note that First Republic's existence "very much hangs in the balance." "The future of this company is very uncertain," added CI Roosevelt Associate Partner Jason Benowitz in an interview with Yahoo Finance. First Republic, he added, "lost so much in deposits, they have to replace that funding somehow, so they’re doing it with borrowing.” The borrowing will “really weigh on their profitability both in the reported quarter and going forward.” Wedbush lowered its earnings estimates for that very reason, noting that the heavy deposit losses would weigh on profits. “Where does First Republic go from here?” Wedbush said in its note. “Our base case is that First Republic continues to move forward as a standalone company,” referencing an earlier note in April that argued First Republic faces a "Hobson's choice." Even a sale of First Republic at $0 a share is unlikely, Wedbush said in that earlier note, because any buyer would still essentially have to pay billions to absorb the unrealized losses on its balance sheet. Carlyle Group co-founder David Rubenstein told Yahoo Finance earlier this month that the federal government will need to provide some help for First Republic to find a buyer due to this “hole” on the lender’s balance sheet. “I think First Republic Bank is clearly on a watchlist, and probably somebody at some point will buy it. But the challenge there is that it needs government assistance,” Rubenstein said earlier this month A lot of money is riding on its fate. Everyday investors have bet HKEX:245 million on First Republic stock since the fall of Silicon Valley Bank, according to Vanda Research, the third highest inflow to a specific bank stock behind Bank of America (BAC) and Charles Schwab (SCHW). It also has one of the highest levels of interest among so-called short sellers betting on the stock to decline, according to analytics firm S3 Partners, accounting for HKEX:480 million in such bets over the last 30 days. Its stock is now down more than 85% since the beginning of the year. First Republic "will be a bellwether of sentiment for the sector," Vanda said in a note last week. The new hand wringing about First Republic following the release of its first-quarter results Monday. Its first-quarter earnings of HKEX:269 million were down by 30% from the fourth quarter and 33% from the year earlier period. What surprised most observers is how many deposits it lost in March. As of March 9, the day before regulators seized Silicon Valley Bank, its deposits were $173.5 billion, down just slightly from the year end. On March 10, it began experiencing "unprecedented deposit outflows." The net total outflow by the end of March was HKEX:72 billion, but the actual number was above $100 million after stripping out a temporary infusion of HKEX:30 billion in uninsured deposits from 11 of the country’s largest banks. Those deposits have to stay at First Republic for 120 days, according to a person familiar with the rescue plan. The bank said Monday that outflows began to stabilize the week of March 27 and deposit activity "has remained stable" through April 21. Its balance as of Friday was $102.7 billion, a drop of 1.7% since the end of the quarter that the bank attributed to seasonal client tax payments. "Despite the uncertainty of the past two months, and while average account sizes have decreased, we have retained over 97% of client relationships that banked with us at the start of the first quarter," First Republic CEO Michael Roffler said on a conference call following the release of results. The company didn't take questions from analysts.
NYSE:FRCShort
by moonypto
🔴BTC | Binance Vs. SECThe SEC accused Binance US of providing trading for securities such as BNB, BUSD, SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI. The SEC also accused Binance of providing coin-earning programs BNB Vault and Simple Earn, and staking investment plan; in addition, the SEC accused Binance of intentionally evading US supervision.affected by the SEC lawsuit against Binance, both Bitcoin and Ethereum fell by more than 4% within 1 hour; BNB fell by 8.4% ; CFX PEPE MANA FIL ICP CHZ SAND NEAR OP and some other tokens fell by more than 10%; the amount of liquidation in one hour Has exceeded 215 million US dollars and now its 300 million dollar The price of Bitcoin is $ 25,700 today with a 24hour trading volume of 13 billion dollar. This represents a -4% price decline in the last 24 hours and a -8% price decline in the past 7 days. Bitcoin's performance in 2023 has been strong so far, but declining liquidity may drag the price lower going forward.Both supply and demand valuation approaches suggest that Bitcoin is currently overvalued.From a price perspective, Bitcoin has performed quite well in 2023, particularly in light of persistent inflation and tight monetary policy. With a halving approaching in the next 12 months, speculation will inevitably shift to the potential price impact, and investors may begin positioning themselves in anticipation of this. Investors should not underestimate the extent to which cryptocurrencies are a risk asset that behaves like a proxy for liquidity, though. Absent a financial crisis, liquidity is likely to continue declining, due to both fiscal and monetary policy. This is likely to put pressure on Bitcoin's price, which may negate any potential price impact from the halving, particularly if sentiment becomes sufficiently negative.Modelling price based on supply inflation and liquidity results in supply inflation dominating price as liquidity does not exhibit a static relationship. This approach suggests that Bitcoin is currently overvalued, a situation that is likely to get worse as liquidity is withdrawn from the market in the coming months.
Short
by moonypto
BNB | funds are safu ?At press time, crypto market head bitcoin fell below $30K, resulting in selling pressure dumps BNB token price by 4.5% overnight, when the current price remains at HKEX:326 level. Meanwhile, the market capitalization of BNB reached HKEX:51 billion in the ongoing selloff. Buyers failed to keep BNB above the 9-day simple moving average, but the 21-SMA remains to be seen for a trend reversal. The pullback appears as a retracement phase before the next bullish run to HKEX:400 if the buyers defend the HKEX:310 support area. now lets talk about new upgrade Binance will announce its upcoming BNB Beacon Chain (BEP2) network upgrade and Hard Fork on April 21.the upgrade will take place at an estimated 11:00 AM on April 21, 2023 at block height of 310,182,000. as part of the upgrade process, token deposits and withdrawals on the BNB Beacon Chain will be temporarily suspended from approximately 09:45 on April 21, 2023. Suspending is necessary to ensure that all transactions on the network are processing properly and the upgrade is successful. BNB Beacon Chain is an Ethereum 2.0 compatible chain that allows users to stake Binance Coins to earn rewards and secure the network. The upcoming upgrade aims to improve the overall performance and security of the network.by supporting the upgrade, Binance helps ensure that the BNB Beacon Chain remains a solid and reliable network for its users. After the options delivery ended today, the prices of BTC and ETH fell sharply we are in correction mode now we heading to 325, 323 and 320. 315 and 305 is true war zone and good time for bulls to show who run the game Be Bull , Be Cool
by moonypto
CryptoGPT | GPTCryptoGPT raises funds at a FWB:250 million token valuation GPT price today is $0.074 USD with a 24hour trading volume of 14 million dollar. CryptoGPT is up 12% in the last 24 hours CryptoGPT announced raising HKEX:10 million from DWF Labs at a FWB:250 million token valuation but only HKEX:420 ,000 of the total amount has thus far been invested by DWF Labs, CryptoGPT co-founder and CTO Dejan Erja. CryptoGPT, a zero-knowledge layer 2 blockchain network attempting to leverage the success of artificial intelligence. The GPT token was launched last month and its current fully diluted valuation stands at around FWB:210 million, lower than what DWF invested after making almost 3X since listing and a correction it tries to hit 0.079, 0.085, 0.089 and 0.093$ targets
GATEIO:GPTUSDTLong
by moonypto
MASTER THE MARKET WITH CONFIDENCE & DISCIPLINEIf you asked me to distill trading down to its simplest form, I would say that it is a pattern recognition numbers game. We use market analysis to identify the patterns, define the risk, and determine when to take profits. The trade either works or it doesn't. In any case, we go on to die next trade. It's that simple, but it's certainly not easy. In fact, trading is probably the hardest thing you'll ever attempt to be successful at. That's not because it requires intellect; quite the contrary! But because the more you think you know, the less successful you'll be. Trading is hard because you have to operate in a state of not having to know, even though your analysis may turn out at times to be "perfectly" correct. To operate in a state of not having to know, you have to properly manage your expectations. To properly manage your expectations, you must realign your mental environment so that you believe without a shadow of a doubt in the five fundamental truths. Today, I am going to give you a trading exercise that will integrate these truths about the market at a functional level in your mental environment. In the process, I'll take you through the three stages of development of a trader. The first stage is the mechanical stage. In this stage, you: 1. Build the self-trust necessary to operate in an unlimited environment. 2. Learn to flawlessly execute a trading system. 3. Train your mind to think in probabilities (the five fundamental truths). 4. Create a strong, unshakeable belief in your consistency as a trader Once you have completed this first stage, you can then advance to the subjective stage of trading. In this stage, you use anything you have ever learned about the nature of market movement to do whatever it is you want to do. There's a lot of freedom in this stage, so you will have to learn how to monitor your susceptibility to make the kind of trading errors that are the result of any unresolved self-valuation issues I referred to in the last chapter. The third stage is the intuitive stage. Trading intuitively is the most advanced stage of development. It is the trading equivalent of earning a black belt in the martial arts. The difference is that you can't try to be intuitive, because intuition is spontaneous. It doesn't come from what we know at a rational level. The rational part of our mind seems to be inherently mistrustful of information received from a source that it doesn't understand. Sensing that something is about to happen is a form of knowing that is very different from anything we know rationally. I've worked with many traders who frequently had a very strong intuitive sense of what was going to happen next, only to be confronted with the rational part of themselves that consistently, argued for another course of action. Of course, if they had followed their intuition, they would have experienced a very satisfying outcome. Instead, what they ended up with was usually very unsatisfactory, especially when compared with what they otherwise perceived as possible. The only way I know of that you can try to be intuitive is to work at setting up a state of mind most conducive to receiving and acting on your intuitive impulses. The mechanical stage of trading is specifically designed to build the kind of trading skills (trust,confidence, and thinking in probabilities) that will virtually compel you to create consistent results. I define consistent results as a steadily rising equity curve with only minor draw downs that are the natural consequence of edges that didn't work. Other than finding a pattern that puts the odds of a winning trade in your favor, achieving a steadily rising equity curve is a function of systematically eliminating any susceptibility you may have to making the kind of fear, euphoric or self-valuation based trading errors I have described throughout this book. Eliminating the errors and expanding your sense of self-valuation will require the acquisition of skills that are all psychological in nature. The skills are psychological because each one, in its purest form, is simply a belief. Remember that the beliefs we operate out of will determine our state of mind and shape our experiences in ways that constantly reinforce what we already believe to be true. How truthful a belief is (relative to the environmental conditions) can be determined by how well it serves us; that is, the degree to which it helps us satisfy our objectives. If producing consistent results is your primary objective as a trader, then creating a belief (a conscious, energized concept that resists change and demands expression) that "I am a consistently successful trader" will act as a primaiy source of energy that will manage your perceptions, interpretations, expectations, and actions in ways that satisfy the belief and, consequently, the objective. Creating a dominant belief that "I am a consistently successful trader" requires adherence to several principles of consistent success. Some of these principles will undoubtedly be in direct conflict with some of the beliefs you've already acquired about trading. If this is the case, then what you have is a classic example of beliefs that are in direct conflict with desire. The energy dynamic here is no different from what it was for the boy who wanted to be like the other children who were not afraid to play with dogs. He desired to express himself in a way that he found, at least initially, virtually impossible. To satisfy his desire, he had to step into an active process of transformation. His technique was simple: He tried as hard as he could to stay focused on what he was trying to accomplish and, little by little, he de-activated the conflicting belief and strengthened the belief that was consistent with his desire. At some point, if that is your desire, then you will have to step into the process of transforming yourself into a consistent winner. When it comes to personal transformation, the most important ingredients are your willingness to change, the clarity of your intent, and the strength of your desire. Ultimately, for this process to work, you must choose consistency over eveiy other reason or justification you have for trading. If all of these ingredients are sufficiently present, then regardless of the internal obstacles you find yourself up against, what you desire will eventually prevail. The first step in the process of creating consistency is to start noticing what you're thinking, saying, and doing. Why? Because everything we think, say, or do as a trader contributes to and, therefore, reinforces some belief in our mental system. Because the process of becoming consistent is psychological in nature, it shouldn't come as a surprise that you'll have to start paying attention to your various psychological processes. The idea is eventually to learn to become an objective observer of your own thoughts, words, and deeds. Your first line of defense against committing a trading error is to catch yourself thinking about it. Of course, the last line of defense is to catch yourself in the act. If you don't commit yourself to becoming an observer to these processes, your realizations will always come after the experience, usually when you are in a state of deep regret and frustration.Observing yourself objectively implies doing it without judging about yourself. This might not be so easy for some of you to do considering the harsh, judgmental treatment you may have received from other people throughout your life. As a result, one quickly learns to associate any mistake with emotional pain. No one likes to be in a state of emotional pain, so we typically avoid acknowledging what we have learned to define as a mistake for as long as possible. Not confronting mistakes in our everyday lives usually doesn't have the same disastrous consequences it can have if we avoid confronting our mistakes as traders. For example, when I am working with floor traders, the analogy I use to illustrate how precarious a situation they are in is to ask them to imagine themselves walking across a bridge over the Grand Canyon. The width of the bridge is directly related to the number of contracts they trade. So, for example, for a one-contract trader the bridge is very wide, say 20 feet. A bridge 20 feet wide allows you a great deal of tolerance for error, so you don't have to be inordinately careful or focused on each step you take. Still, if you do happen to stumble and trip over the edge, the drop to the canyon floor is one mile. I don't know how many people would walk across a narrow bridge with no guardrails, where the ground is a mile down, but my guess is relatively few. Similarly, few people will take the kinds of risks associated with trading on the floor of the futures exchanges. Certainly a one-contract floor trader can do a great deal of damage to himself, not unlike falling off a mile-high bridge. But a one-contract trader also can give himself a wide tolerance for errors, miscalculations, or unusually violent market moves where he could find himself on the wrong side. 1. all our beliefs are in absolute harmony with our desires, and 2. all our beliefs are structured in such a way that they are completely consistent with what works from the environment's perspective. Obviously, if our beliefs are not consistent with what works from the environments perspective, the potential for making a mistake is high, if not inevitable. We won't be able to perceive the appropriate set of steps to our objective. Worse, we won't be able to perceive that what we want may not be available, or available in the quantity we desire or at the time when we want it. On the other hand, mistakes that are the result of beliefs that are in conflict with our objectives aren't always apparent or obvious. We know they will act as opposing forces, expressing their versions of the truth on our consciousness, and they can do that in many ways. The most difficult to detect is a distracting thought that causes a momentary lapse in focus or concentration. On the surface this may not sound significant. But, as in the analogy of the bridge over the canyon, when there's a lot at stake, even a slightly diminished capacity to stay focused can result in an error of disastrous proportions. This principle applies whether it's trading, sporting events, or computer programming. When our intent is clear and undiminished by any opposing energy, then our capacity to stay focused is greater, and the more likely it is that we will accomplish our objective. You have to be able to monitor yourself to some degree, and that will be difficult to do if you have the potential to experience emotional pain if and when you find yourself in the process of making an error. If this potential exists, you have two choices: 1. You can work on acquiring a new set of positively charged beliefs about what it means to make a mistake, along with de-activating any negatively charged beliefs that would argue otherwise or cause you to think less of yourself for making a mistake. 2. If you find this first choice undesirable, you can compensate for the potential to make errors by the way you set up your trading regime.
Education
by moonypto