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HELIUM 4 hr hidden bull divHeres another idea ..... this time Helium on the 4 hr chart, it caught my eye as this is one of the coins with the 4 hr stoch rsi low, Hidden Bull Div gives some probability to the upside. Looks to me like a V shape recovery Adam and Eve played out. It has already ripped through the 200 SMA and now in a bull flag. Could it be a huge cup and now in the handle for a huge pump, or was the cup and handy before the pump through the 200 SMA. The golden cross zipped through and price action responded. Measured move upto 2.2 range with a bit of resistance around 1.9 Moving averages look like they want to curl up nicely Money flow does look a little bearish with it moving down but could flip, 4 hour rsi wants to rip in my opinion :) Peace and love everyone :)
Long
by Crypto_SUP_Surfer
HIMAYC 1 dayYo Yo Yo, i thought i would share this idea with you all. HIMAYC daily timeframe This has been pumping since November last year, over 6000% took a couple of big drops during that time but even so, its pumped. Even from March this year its pumped up 2000%. Thats insane So here we are 1 hour time frame, Ive just made it simple. Moving averages look nice smooth and still curling up. Ive drawn some rectangles illastrating big moves on price and copied thes measured moves that matches the previous so ive basically done the same. But to add some confluence ive drawn some simple uptrend patterns and they both pin point to the measured moves previously done. And its at a key price target of $2.50 Also moneyflow coming up into the green ;) I know it bonkers, its a huge move but probability suggests its possible. I thought i would put it out there so here we are :) Peace and love everyone
HLong
by Crypto_SUP_Surfer
1
BTC 2 day fractalHey everyone.... so ive done a 2day BTC fractal analysis As you can see if added some important key areas in the orange bubbles. The first one being the covid but also what many might not be aware of was on the 20th March 2020 Suadi (US allies) dropped an oil price war on Russia. This tanked the oil price to less than zero. And you can see it here on the chart. Then the second is where the crash would of happened at present day based on the fractal from this period. Now look at the fractal, ive outlined the main fractal on the left from june 2019 to april 2021. I have then split his fractal into two, thus removing the previous spoofy crash. I say spoofy becasue it was a coincidence with covid, i wonder who stocked up on the oil at that price, for it to rocket a few months later hmmm. Anyway thats for another day, But the fractal from june 2019 to feb 2020 is pretty much bang on to price action june 2022 to march 2023. So is it fair to say we have skipped past the previous crash and heading into the bull run phase 1 Look how close we are to a golden cross (50MA crossing up and abovew the 200MA. SO what about levels, longer term levels of resistance to breakl are : 41,600 / 52K / 69K Then when we hit ATH next level up potentially 100K then up to 150K basing it on this fractal pattern and the golden cross. Im not saying this is gonna happen overnight but its happened before so probability says it can happen again, Or could Balanji be right and we hit $1M Peace and love everyone, share and like dudes :)
BITFINEX:BTCUSDLong
by Crypto_SUP_Surfer
1
BTC 22hr NeilHey everyone, i thought i would share this idea with you all. On the 22 hr time frame i see a neil diamond pattern forming and price is right tight in the corner. Ive not really sussed out these diamonds, wether they are reversal or continuation or wether its a diamond at all. But i also drew out a fractal and it kind of plays out with the drop out of the diamond, so could we be seeing BTC at 25,100 then a retrace and down to 23400 ? Or is it gonna pump to 31100..... Also not the channel it is in, and also where the 200 SMA is floating, Probability suggests to me that BTC will follow the fractal, but it could easily fake out to 31100 to break back down. peace and love everyone
by Crypto_SUP_Surfer
Is Bitcoin going to crash again?Hello Traders , welcome to the Bitcoin chart. Everyone around the world is bullish on bitcoin, but my views are totally different. After the bullish surge, everyone thinks we entered in the bull run but we are not. As you know the charts speaks, So in charts BTC is going to crash again and we are building a bottom right now . There's so much going on in the market. It's the bull trap i can say. As you see there is a massive impulse in the charts from last few weeks, now you'll see the aggressive drop. The whole crypto market is going to crash again in couple of weeks. Let it play out, don't get panic. Let it play out - this will mark the beginning of bull run. I'm not buying and waiting for the bottom. In my portfolio there are coins, which will give 10-12x in next bull run. If you want to maximise your portfolio , leave a message. Trade Safely.
by Mrshazee
2
Solana ideaWaaaaSUP everyone, heres another idea out ther based on the 4 hour time frame. So here we go, what do i base my anylsis ideas on and where do i think price is going to go towards based on probabilty. 1. Bouncing off good support 2. bounce/bouncing off bottom symetrical triangle pattern 50/50 3. macd histobars look like they want to curl up 4 stochastic rsi low 5 hidden bull div 6. money flow back in the green 7. vwap coming up so ..... SOL could touch support (VAL) again at around $20.30 before making a move up to the top tendline of symetrical triangle pattern which is local VAH at 21.1, top violet line sorry i should of marked these lines. I see SOL breaking out and moving up to higher top trend line at around $21.5 to resistance 22.41 So there you have it my idea based on these probabilities :) happy good friday everyone
by Crypto_SUP_Surfer
ICX longwaaSUP everyone, i just put on a long trade on ICX based on the probability below on the 144 minn TIme Frame 1.hit the 0.706 fib retrace, 2 low on the stoich rsi, 3.low on the mac d wanting to curl up 4 histograms curling up into the green 5 money flow curling up into the green 6 hidden bull divvy 7 measured move to a resistance area at 0.59 However Moving averages are low down and needs to bounce which it looks like it is doing. Anything can happen, probability is key
Long
by Crypto_SUP_Surfer
Zcash vs Ethereum: Privacy Crypto vs Transparency This is an ecosystem of software, but markets are a fierce competitive battle ground between native assets. Zcash has structured a rounded bottom vs Ethereum and now awaits an unequivocal reversal move. it may happen with virality, or it may happen responsibly. The bad situation for ZEC bulls is that Zcash remains an eternal loser. Catalysts ahead: Zcash wallets repaired, short supply squeeze Ethereum ETH2 staking unlock liquidity and narrative Discord Zcash: discord.com Oprah 2024: free2z.com
Long
by noam_chom
BTC diamondHey everyone, heres another idea on BTC On the 1 hour timeframe i have spotted this diamond pattern formation. It could be wrong and just break out to the previous support at around 26 800 Or we could see it bounce off and head towards 28200 area before back down to around 27400 before making the decision of heading down towards 25500 or up to the 30K area Its currently below the 200ma and bouncing off the 21 simple These levels also has confluence with R1 pivot and S1 pivot will soon see what plays out
BITFINEX:BTCUSD
by Crypto_SUP_Surfer
1
Phased investmentThe AidiFinance project is revolutionary in the world of cryptocurrency and is greatly underestimated. For a long time, the development team has been building an ecosystem aimed at rewarding holders from using software products. Holders already receive rewards in the form of Matic in the amount of 2% of the volume. Development completed: - AidiSwap is a multi-network exchanger operating on BSC, ETH, Polygon networks; - AidiCraft - NFT marketplace, running on the Polygon network, provides integration into OpenSea and Raible, the built-in Lazyminting system. It will soon be available for use by other projects with their own coins; - AidiBets - sports betting, cyber games, slot machines, poker, blackjack, roulette and much more; - AidiRaffle is a platform for conducting lotteries and sweepstakes, which allows any projects to organize collections to raise funds for marketing and other purposes. In the second quarter, developers will present: - a platform for staking; - AidiCard - virtual cards (VISA, MasterCard), with the possibility of payments in stablecoins anywhere in the world, No KYC. In the near future, the team plans to create: - AidiPlayFi platform for game developers, which will interact with the NFT marketplace AidiCraft; - AidiConnect is an intelligent tracker for providing the ability to track your investments and predict profits. The projected price is $1.5-$2 in the next 2 years. Polygon contract: 0xDFc2C4ce66561c3ee53dbeA9ff78550F395a25e2
ALong
by h9wvjxbyjq
Balajis BTC price predictionSoo , im sure everyone has heard about Balajis $1M BTC price prediction in 90 days? .... well I did my higher timeframe BTC history index chart. And whats kinda weird is where ive charted BTC at, but in November 2025. I think Belanji is going from the 2012 pump that measured move is bang on with a Million. (white measured move arrow) And with the banks crashing and the FEDs printer running out of ink, we could see the last money print ever, before the new roll out of CBDC ( central bank digital currency) So is it plausable...... The price is plausable, for sure, but so quick ? But what if the banks are goosed? what if the dollar is goosed, The dollar is super hyper inflated, could see BTC pump . But 90 days ? Thats like over $10k every day? Basically Balaji is saying the dollar will collapse in 90 days? To be honest ive been saying the dollar has been running out of steam for too long now :) The bets are on, so we will soon see. One thing is it might create a load of hype
INDEX:BTCUSD
by Crypto_SUP_Surfer
BTC Long or Short?Today's #CryptoWhale100Billion analysis indicates that BTC has broken a lower to target point of $19,750 resistance and has risen to $20,300. Many traders have taken profit, and the crypto market has reacted accordingly. Notable patterns such as the double top and backward W breaking lower low have been observed. Based on my analysis, BTC resistant area is around $20,000. Furthermore, if BTC manages to hold above the next resistance near $19,500, it could rise back up to $23,500. I am bullish on BTC reaching this level. The BTC market operates 24/7, which means traders must be vigilant in their analysis and trend-following. Hours of work are required to analyze market movements and trends, and it can be difficult to trust a single idea. However, by backtesting trading strategies and continually monitoring data, it is possible to understand market movements better and identify entry and exit points. BTC's volatility provides insights into potential bullish or bearish movements, and keeping track of this data can help develop effective trading strategies. Below are some past predictions from my analysis! Please feel free to share your technical analysis and trading strategies with me by sending a message. Don't forget to press the thumbs up if you found this analysis helpful, and share your thoughts on where BTC is headed. Thank you for your support!
BITSTAMP:BTCUSDLong
by CryptoWhale100Billion
Bitcoin's Support and Resistance, Navigating the Highs and LowsBitcoin is currently trading at $22,300 area with an RSI of 68.50. The 4-hour timeframe shows that the 0 fibonacci is at 19,549, the 0.5 fibonacci is at 21,105, and the 1 fibonacci is at 22,662. Additionally, the upper Bollinger band is at 22,555, the lower Bollinger band is at 18,900, and the middle Bollinger band is at 20,730. The volume oscillator is -0.70%, MACD is 266, and the stochastic oscillator is at 97. The 4-hour EMA 50 is at 21,456. Bitcoin recently rallied by 10% to reach $22,000. This indicates a bullish sentiment for Bitcoin and the crypto market as a whole. This can be seen in the current price of Bitcoin at $22,500, which is above the 4-hour EMA 50, indicating that the short-term trend is bullish. The FDIC is stepping in for Silicon Valley Bank, which indicates a positive move for the crypto market as it implies more institutional support for cryptocurrencies. This could lead to increased demand for Bitcoin, which may drive the price higher. However, the recent flash spike in the Bitcoin price to $50,000 on Binance, could be a warning sign of the crypto market's volatility. The sudden spike occurred after the USD Coin peg snapped, causing a chain reaction that resulted in a temporary price surge. This event highlights the importance of risk management in cryptocurrency investing. In conclusion, the current price of Bitcoin at $22,500 with bullish sentiment, increased institutional support, and growing adoption of cryptocurrencies are positive indicators for the future of Bitcoin. However, the recent flash spike and the volatile nature of the crypto market require investors to exercise caution and implement risk management strategies Bitcoin's key prices can be used to identify potential entry and exit points for traders. The 4-hour timeframe lower Bollinger band at 18,900 is considered a local support level, while the 4-hour timeframe 0.5 fibonacci at 21,105 is a solid support level that could attract buyers and provide a strong base. On the other hand, the 4-hour timeframe upper Bollinger band at 22,555 is a local resistance level, and the 4-hour timeframe 1 fibonacci at 22,662 is a solid resistance level. Breaking above the resistance levels could indicate strong bullish momentum, while breaking below the support levels could signal a bearish sentiment. It's crucial to note that these key levels are not fixed, and they may change with the market conditions. Therefore, traders should use them as a guide and combine them with other technical indicators and market analysis to make informed trading decisions. If the price breaks below the support levels, it could be a sell signal, while a break above the resistance levels could be a buy signal. Keeping an eye on these key prices can help traders to manage their risk and identify potential trading opportunities.
by MonoCoinSignal
27
SVB, Silvergate Collapse & Affect on CryptomarketHi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. In a twist of events, an incident that happened within the banking realm created chaos for the crypto realm. I bet you didn't have that on your bingo cards for 2023... In the past few weeks, there have been two significant bank failures in the United States that have sent shockwaves throughout the financial world. The collapse of Silicon Valley Bank and Silvergate Bank has sparked concerns about the stability of the banking system and the future of the crypto industry. The failure of these banks highlights the fragility of the financial system and the challenges faced by institutions that operate in high-risk sectors like tech and crypto. Silicon Valley Bank ( SVB ) was closed by the FDIC on March 9 due to its heavy losses caused by the downturn in technology stocks and the U.S. Federal Reserve's aggressive plan to increase interest rates. The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the US Congress in 1933 to maintain stability and public confidence in the nation's financial system. The FDIC provides deposit insurance that guarantees the safety of deposits in member banks, up to a certain limit. In the event that a member bank fails, the FDIC will step in to insure deposits, provide assistance to depositors, and liquidate the failed bank's assets. The FDIC also regulates and supervises member banks, as well as conducts research and analysis on the banking industry. Silicon Valley Bank bought bonds using customers' deposits, but the value of those investments fell as interest rates rose. This is usually not a problem for banks, but Silicon Valley Bank's customers were largely startups that needed cash. Venture capital funding was drying up, and companies were tapping their existing funds deposited with Silicon Valley Bank, which was at the center of the tech startup universe. In response to this liquidity crisis, SVB sold a $21bn bond portfolio at a loss of $1.8 billion. The bank attempted to fill the solvency hole with a combined equity offering of $2.25bn on March 8, but the attempt failed. This is the largest failure of a financial institution in the United States since Washington Mutual collapsed more than a decade ago. The closure of SVB had an immediate effect on some startups that had ties to the bank, as they scrambled to pay their workers and feared having to pause projects or lay off employees until they could access their funds. SVB , the 16th largest bank in the US, had assets of $209 billion, with more than 50% of its investments tied up in long-term securities, including exposure to the Silicon Valley tech and health startup world. The bank's sudden collapse has raised questions about its risk management practices, and the impact of its closure on its clients, who are largely startups and wealthy tech workers. The bank's large uninsured deposits and exposure to high-risk sectors like tech and crypto contributed to its downfall. But SVB isn't the only one... Silvergate Bank, which has been a significant player in the crypto world, has announced that it is closing and returning deposits. The bank's holding company, Silvergate Capital Corporation, stated that the decision was made "in light of recent industry and regulatory developments." The closure follows the loss of one billion dollars in a quarter after customers withdrew $8.1 billion, and a subsequent filing in March revealing even worse financials. The closure of Silvergate Bank is concerning for the crypto industry, as it may lead to companies turning to less regulated institutions for their banking needs, potentially making the space even riskier. Coinbase, Crypto.com, and Paxos have already started moving away from the bank. The collapse of the bank will likely draw scrutiny from lawmakers who are concerned about the crypto contagion affecting the traditional financial sector. The Silvergate Exchange Network, which allowed crypto exchanges like Coinbase, Gemini, and Kraken to move money between themselves and other institutions, has also been shut down. The bank's financial struggles have been ongoing for some time, with some of its high-profile clients like FTX and Genesis also experiencing challenges. Silvergate's collapse raises concerns about the future of the crypto industry, as companies may turn to less regulated institutions for their banking needs, potentially making the space even riskier for everyone involved. The bank's failure is also likely to draw scrutiny from lawmakers concerned about the potential contagion of the crypto industry on the traditional financial sector. Late Friday night Coinbase, a popular cryptocurrency exchange, announced that it would suspend conversions for the USDC stablecoin. This led to a rush of people trying to sell their USDC holdings, causing it to depeg from its value of $1 and trade as low as $0.87 before recovering to $0.92. Another stablecoin, Dai, also depegged and experienced a high volume of trading. Stablecoins are important in the cryptocurrency market as they provide a way for traders to move funds between different exchanges or cryptocurrencies without having to convert back to fiat currency. They are also used as a store of value by some cryptocurrency investors who prefer a more stable asset compared to the volatility of Bitcoin or other cryptocurrencies. If stablecoins depeg permanently, it could lead to a loss of confidence in their stability and reliability. This could potentially cause a sell-off of stablecoins and a shift towards other assets perceived as more stable, such as traditional fiat currencies. But before we panic too hard and FUD out, it's important to note that the impact of this crisis on cryptocurrencies such as alts and Bitcoin would depend on the severity and duration of the stablecoin depegging event, as well as other market factors such as investor sentiment and regulatory actions. In the past, there have been instances of stablecoins temporarily depegging from their underlying assets without significant impact on the broader cryptocurrency market. One notable example of a stablecoin depegging in the past is the case of Tether (USDT) in 2018. Tether is a stablecoin that is pegged to the value of the US dollar , with each USDT token representing one US dollar . In October 2018, Tether's price dropped below the $1 peg on several cryptocurrency exchanges, leading to concerns about the stability of the stablecoin. The depegging was attributed to a variety of factors, including regulatory pressures, concerns about Tether's reserves, and a general market downturn. The depegging led to a sell-off of Tether and a shift towards other stablecoins such as USD Coin ( USDC ) and TrueUSD (TUSD), which saw increased demand as traders and investors sought more reliable alternatives. Despite the depegging of Tether, the broader cryptocurrency market did not experience a significant impact, with Bitcoin and other cryptocurrencies largely unaffected. However, the incident highlighted the potential risks and uncertainties associated with stablecoins and their reliance on centralized institutions to maintain their pegs. In terms of price action for the immediate term, the Tether (USDT) depegging event in 2018 did have some impact on the cryptocurrency market prices, although the impact was relatively limited and short-lived. Following the depegging of USDT, there was a brief sell-off of Tether and a shift towards other stablecoins such as USD Coin ( USDC ) and TrueUSD (TUSD). This led to increased demand for these stablecoins, which helped to maintain their pegs to the US dollar . However, the broader cryptocurrency market, including Bitcoin , was largely unaffected by the Tether depegging. While there was some initial volatility and uncertainty, the market quickly stabilized and resumed its upward trend. 💭The collapse of Silicon Valley Bank is the second-largest bank default in U.S. history and puts the golden trifecta rule of banking (liquidity, solvency, and profitability) into review. This failure reminds us of the unintended consequences of unorthodox monetary policies, pandemic remediation measures, excessive leverage, and democracy eroding rulings. SVB had significant exposure to long-term securities and the Silicon Valley tech and health startup world. The bank's uninsured deposits pose a problem but insured deposits will be available as soon as Monday. The collapse of Silicon Valley Bank and Silvergate Bank underscores the need for stricter regulatory frameworks and tighter risk management practices in the financial industry. The failures also highlight the importance of diversification and risk mitigation strategies for banks and their clients. As the financial industry continues to evolve, it is essential that institutions keep pace with the changes and adapt their practices to ensure their stability and resilience in the face of future challenges. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
SShort
by CryptoCheck-
12
Stablecoins Depeg: Twist of Events, Banking CrisisHi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. In a twist of events, an incident that happened within the banking realm created chaos for the crypto realm. I bet you didn't have that on your bingo cards for 2023... In the past few weeks, there have been two significant bank failures in the United States that have sent shockwaves throughout the financial world. The collapse of Silicon Valley Bank and Silvergate Bank has sparked concerns about the stability of the banking system and the future of the crypto industry. The failure of these banks highlights the fragility of the financial system and the challenges faced by institutions that operate in high-risk sectors like tech and crypto. Silicon Valley Bank (SVB) was closed by the FDIC on March 9 due to its heavy losses caused by the downturn in technology stocks and the U.S. Federal Reserve's aggressive plan to increase interest rates. The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the US Congress in 1933 to maintain stability and public confidence in the nation's financial system. The FDIC provides deposit insurance that guarantees the safety of deposits in member banks, up to a certain limit. In the event that a member bank fails, the FDIC will step in to insure deposits, provide assistance to depositors, and liquidate the failed bank's assets. The FDIC also regulates and supervises member banks, as well as conducts research and analysis on the banking industry. Silicon Valley Bank bought bonds using customers' deposits, but the value of those investments fell as interest rates rose. This is usually not a problem for banks, but Silicon Valley Bank's customers were largely startups that needed cash. Venture capital funding was drying up, and companies were tapping their existing funds deposited with Silicon Valley Bank, which was at the center of the tech startup universe. In response to this liquidity crisis, SVB sold a $21bn bond portfolio at a loss of $1.8 billion . The bank attempted to fill the solvency hole with a combined equity offering of $2.25bn on March 8, but the attempt failed. This is the largest failure of a financial institution in the United States since Washington Mutual collapsed more than a decade ago. The closure of SVB had an immediate effect on some startups that had ties to the bank, as they scrambled to pay their workers and feared having to pause projects or lay off employees until they could access their funds. SVB, the 16th largest bank in the US, had assets of $209 billion, with more than 50% of its investments tied up in long-term securities, including exposure to the Silicon Valley tech and health startup world. The bank's sudden collapse has raised questions about its risk management practices, and the impact of its closure on its clients, who are largely startups and wealthy tech workers. The bank's large uninsured deposits and exposure to high-risk sectors like tech and crypto contributed to its downfall. But SVB isn't the only one... Silvergate Bank, which has been a significant player in the crypto world, has announced that it is closing and returning deposits. The bank's holding company, Silvergate Capital Corporation, stated that the decision was made "in light of recent industry and regulatory developments." The closure follows the loss of one billion dollars in a quarter after customers withdrew $8.1 billion, and a subsequent filing in March revealing even worse financials. The closure of Silvergate Bank is concerning for the crypto industry, as it may lead to companies turning to less regulated institutions for their banking needs, potentially making the space even riskier. Coinbase, Crypto.com, and Paxos have already started moving away from the bank. The collapse of the bank will likely draw scrutiny from lawmakers who are concerned about the crypto contagion affecting the traditional financial sector. The Silvergate Exchange Network, which allowed crypto exchanges like Coinbase, Gemini, and Kraken to move money between themselves and other institutions, has also been shut down. The bank's financial struggles have been ongoing for some time, with some of its high-profile clients like FTX and Genesis also experiencing challenges. Silvergate's collapse raises concerns about the future of the crypto industry, as companies may turn to less regulated institutions for their banking needs, potentially making the space even riskier for everyone involved. The bank's failure is also likely to draw scrutiny from lawmakers concerned about the potential contagion of the crypto industry on the traditional financial sector. Late Friday night Coinbase, a popular cryptocurrency exchange, announced that it would suspend conversions for the USDC stablecoin. This led to a rush of people trying to sell their USDC holdings, causing it to depeg from its value of $1 and trade as low as $0.87 before recovering to $0.92. Another stablecoin, Dai, also depegged and experienced a high volume of trading. Stablecoins are important in the cryptocurrency market as they provide a way for traders to move funds between different exchanges or cryptocurrencies without having to convert back to fiat currency. They are also used as a store of value by some cryptocurrency investors who prefer a more stable asset compared to the volatility of Bitcoin or other cryptocurrencies. If stablecoins depeg permanently, it could lead to a loss of confidence in their stability and reliability. This could potentially cause a sell-off of stablecoins and a shift towards other assets perceived as more stable, such as traditional fiat currencies. But before we panic too hard and FUD out, it's important to note that the impact of this crisis on cryptocurrencies such as alts and Bitcoin would depend on the severity and duration of the stablecoin depegging event, as well as other market factors such as investor sentiment and regulatory actions. In the past, there have been instances of stablecoins temporarily depegging from their underlying assets without significant impact on the broader cryptocurrency market. One notable example of a stablecoin depegging in the past is the case of Tether (USDT) in 2018. Tether is a stablecoin that is pegged to the value of the US dollar, with each USDT token representing one US dollar. In October 2018, Tether's price dropped below the $1 peg on several cryptocurrency exchanges, leading to concerns about the stability of the stablecoin. The depegging was attributed to a variety of factors, including regulatory pressures, concerns about Tether's reserves, and a general market downturn. The depegging led to a sell-off of Tether and a shift towards other stablecoins such as USD Coin (USDC) and TrueUSD (TUSD), which saw increased demand as traders and investors sought more reliable alternatives. Despite the depegging of Tether, the broader cryptocurrency market did not experience a significant impact, with Bitcoin and other cryptocurrencies largely unaffected. However, the incident highlighted the potential risks and uncertainties associated with stablecoins and their reliance on centralized institutions to maintain their pegs. In terms of price action for the immediate term, the Tether (USDT) depegging event in 2018 did have some impact on the cryptocurrency market prices, although the impact was relatively limited and short-lived. Following the depegging of USDT, there was a brief sell-off of Tether and a shift towards other stablecoins such as USD Coin (USDC) and TrueUSD (TUSD). This led to increased demand for these stablecoins, which helped to maintain their pegs to the US dollar. However, the broader cryptocurrency market, including Bitcoin, was largely unaffected by the Tether depegging. While there was some initial volatility and uncertainty, the market quickly stabilized and resumed its upward trend. 💭The collapse of Silicon Valley Bank is the second-largest bank default in U.S. history and puts the golden trifecta rule of banking (liquidity, solvency, and profitability) into review. This failure reminds us of the unintended consequences of unorthodox monetary policies, pandemic remediation measures, excessive leverage, and democracy eroding rulings. SVB had significant exposure to long-term securities and the Silicon Valley tech and health startup world. The bank's uninsured deposits pose a problem but insured deposits will be available as soon as Monday. The collapse of Silicon Valley Bank and Silvergate Bank underscores the need for stricter regulatory frameworks and tighter risk management practices in the financial industry. The failures also highlight the importance of diversification and risk mitigation strategies for banks and their clients. As the financial industry continues to evolve, it is essential that institutions keep pace with the changes and adapt their practices to ensure their stability and resilience in the face of future challenges. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
G
by CryptoCheck-
28
Will Bitcoin continue to fall?BTC: Judging from the daily chart, the market was super negative yesterday, which seems to mean that its direction is chosen. Even if there is a rebound trend after the plunge, both in terms of the strength of the rebound and the time of the rebound, the bulls are basically defenseless at present, and as the rebound trend gradually consumes the rebound momentum, the height of the rebound will also decrease. On the 4-hour chart, the market has returned to the structure of the third wave again, and the decline has been strengthened and confirmed. Now that the third wave is not in place, the probability of continuing to fall is relatively high. And on the fundamentals, the risks still tend to be downside due to the ongoing concerns about the ongoing cryptocurrency crackdown by US regulators. Therefore, in terms of operating ideas, it is mainly based on rebound shorting, and the height of the rebound can be appropriately reduced, so don't easily try to make a profit from the rebound. BTC: 20800-20900 short, target 20100-20000 In order to make it easier for everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel, if you can't follow up in real time, you may make mistakes in operation. You can enter my channel for free to follow the latest news and follow the market trend in real time through the following methods.
BITSTAMP:BTCUSDShort
by Blessed_V
3
(Not FUD) Get Out Now!Crypto is going DOWN into the end of 2023. 2024 to 2027 could see a giant bull run after this move. This next leg down will be the one that causes people to proclaim that crypto is dying and be quite hopeless as the price really breaks down, which is exactly the psychological point you should be buying during if you're a long-term investor. But patience is key. Wait for the strong down move to 9-10k, then we should weakly, slowly step down into the 6k level and retest the huge support there from the last corrective cycle. I trade short & long-term, and while crypto is a great investment over the next 10 years, now is NOT the time to be buying. If anything you should take any profits you have and save cash and wait and see what goes down. I expect many more bankruptcies and crypto exchanges liquidating and closing down. This is a necessary cycle to weed out the bad players and is a healthy sign of a new market. Embrace it and realize you're going to get a great buy-in soon. Bitcoin is indicating a final major breakdown before the new bull cycle starts. We have just completed a bearish running flat and this is going to be the NASTY final wave. It could get really scary but keep your wits about you because it will open up the opportunity for a massively discounted buy-in if you save your cash, buy when people are panicking, and hold for a few years. I'll buy backing up the truck and loading the hell up around 5k-7k. At this point, people will be either too broke to buy or too scared.
BITSTAMP:BTCUSDShort
by MonetaryRebel
15