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"XRP: Is This the End? Brace Yourself for a Potential Downfall!"💎 Paradisers, get ready for some thrilling updates in the XRP universe. Here's the inside track: 💎 Triangle Pattern: XRP has been consolidating within a symmetrical triangle pattern, signaling a period of indecision in the market. Traders and investors have been closely monitoring this pattern for a potential breakout. 💎 Bearish Breakout: All eyes are on XRP as it approaches the apex of the triangle. If the cryptocurrency gives a breakout in the downward direction, breaching the support level and encountering resistance from the demand zone, it could set the stage for a bearish movement. 💎 Downward Pressure: XRP's current positioning suggests that selling pressure is mounting, with traders looking for opportunities to capitalize on a potential downward trend. Caution is advised for those holding long positions in anticipation of the breakout. 💎 Technical Indicators: Various technical indicators, such as volume analysis and momentum oscillators, are aligning with the possibility of a bearish breakout. These indicators are being closely watched by market participants for confirmation of the expected price movement. 💎 Trading Strategy: Traders with a bearish outlook might consider entering short positions if XRP confirms the breakout and maintains a sustained downward momentum. Proper risk management and stop-loss orders are essential to mitigate potential losses. 💎 Remember, the cryptocurrency market is highly volatile, and price movements can be unpredictable. Stay tuned for further updates as XRP's price action unfolds, and be prepared for the potential bearish momentum that could follow a downward breakout from the triangle pattern.
Short
by MyCryptoParadise_Simon
3
ANT: THE START CYCLE COIN OF THE MOMENTThe ANT coin, also known as Aragon, is a decentralized platform built on the Ethereum blockchain. It allows users to create and manage decentralized autonomous organizations (DAOs), which are digital organizations that operate without a central authority. ANT has experienced significant growth since its launch in 2017, and is currently ranked among the top 200 coins by market capitalization. we expect that ANT is entering a new cycle, which could lead to further growth in the coming time. One of the key factors driving the growth of ANT is the increasing adoption of decentralized technologies. As more and more people become aware of the benefits of decentralized systems, the demand for platforms like Aragon is likely to increase. Additionally, ANT's focus on decentralized autonomous organizations makes it an attractive option for businesses and organizations looking to streamline their operations and reduce their reliance on centralized authority. Overall, ANT appears to be a promising coin with strong potential for growth. However, as with any investment, it is important to manage risks and do your own research before making any decisions. The first focus target is the 2,80 zone which could enter ANT on way to up 6 USD. We did scan more than 400 high-value coins and ANT come out as a New start cycle coin. Trends show also that decentralized autonomous organizations (DAO) becoming more trend and its possible that the focus coming time will be more there. This is not trading advice, manage always your risk. take this as our view to this view.
ALong
by Goldenbreakout
13
Volume Breakout Alert: GLMR Poised for Explosive Price Surge! 💎 Paradisers, get ready for some action! GLMR/USDT has just made a stunning move, shattering a robust trendline it has been faithfully following for a while. 💎 This breakout was escorted by an extraordinary surge in trading volumes, signaling a significant shift in market sentiment. 💎 The bullish momentum is tangible as GLMR/USDT flaunts its resilience and potential for an upward trajectory. 💎 Before this breakout, GLMR/USDT experienced a false breakdown, trapping unsuspecting traders. However, it swiftly rebounded and reversed its course. 💎 The breach of the trendline is a clear indication of renewed buying pressure, suggesting that the bulls are seizing control of the market. 💎 Traders and investors are keeping a close watch on GLMR/USDT as it prepares the ground for a potential rally. 💎 The high trading volumes accompanying the breakout further substantiate the bullish thesis and point to a strong market conviction. 💎 Keep a close watch on GLMR/USDT as it aims to leverage this newfound momentum and potentially soar to new heights. Stay tuned, Paradisers!
Long
by MyCryptoParadise_Simon
FXSUSDT seeks breakout opportunity?!!👀 FXS Today Analysis💎At present, FXSUSDT is navigating a descending channel pattern, but there's anticipation of a breakout on the upside. 💎The price is trading within the Bollinger Bands, indicating consolidation, and it's positioned in a high demand area. 💎it's crucial to keep a close eye on the price action and look for confirmation of an upside breakout to consider potential buying opportunities. 💎 In the ever-evolving world of crypto, staying updated and adaptable is key. Stay tuned for more updates and enjoy your trading journey!
Long
by MyCryptoParadise_Simon
TrueFi get ready for Lift off ?!!👀 TRU Today Analysis💎TrueFi is crafting a falling wedge pattern, hinting at a potential bullish reversal on the horizon. 💎 It's trading within a high demand zone, and the strong demand in this area further bolsters the potential for an upward move. 💎 analyze the falling wedge pattern and the high demand zone collectively, it suggests a bullish outlook for TRUUSDT. 💎 A successful breakout, accompanied by increasing volume, would validate the bullish scenario and potentially lead to further upward price movement. 💎 In the ever-changing crypto universe, staying updated and adaptable is essential. Stay tuned for more updates and enjoy your trading journey!
Long
by MyCryptoParadise_Simon
2
WING/USDT Bearish Battle will It Lead?!!👀 wing today analysis💎Currently, wing is trading with bearish sentiments as it broke below the triangle pattern a few days ago. We've clearly seen no bullish volume, and EMA 50 is also indicating a downward move. 💎However, a point to consider is that it's holding support tightly, which might shift the market momentum upward. Unless you're accumulating for a longer timeframe, it's advisable to wait on Bitcoin's final correction. 💎 The King still has legs till 21909, should form a range, and then most altcoins will set up for a bullish mode. 💎 In the ever-changing crypto universe, staying updated and adaptable is essential. Stay tuned for more updates and enjoy your trading journey!
W
by MyCryptoParadise_Simon
Optimisim possible Scenarios What's Next?!! 👀 OP today analysis💎OPUSDT is currently trading at a critical stage, with two possibilities observed. The price is consolidating after making a lower low below the triangle pattern, indicating some bearish sentiments. 💎This is further supported by the price maintaining its momentum below the Ichimoku clouds and the RSI also showing the same downward movement. 💎On the bullish side, if it breaks above this triangle pattern and the RSI signals an upward move, we could see a positive shift. 💎 In the ever-changing crypto universe, staying updated and adaptable is essential. Stay tuned for more updates and enjoy your trading journey!
by MyCryptoParadise_Simon
1
ARPA /USDT ride bull run..?!!👀 arpa today's analysis 💎currently displaying bullish tendencies, maintaining strong support and following the Bollinger Bands. It's trading in a high-demand zone and significant volume. 💎One crucial element to note is that if the strong support breaks, it will invalidate the bullish momentum. 💎Just a few hours ago, it broke the triangle pattern, and if it pulls back, the confirmation of the pennant pattern will signal a strong bullish move. 💎 In the ever-changing crypto universe, staying updated and adaptable is essential. Stay tuned for more updates and enjoy your trading journey!
Long
by MyCryptoParadise_Simon
2
Lido explosive price rally after dead cat?👀 Ldo analysis today💎currently trading within a wedge pattern and has been following the VWAP 200 for the past few hours. At present, it's consolidating at a specific support level and holding its position firmly. 💎The upper trendline was confirmed after four consecutive lower highs, creating a cycle of lower highs and lower lows. 💎An interesting observation is that it also maintains strong support at 1.668 despite market uncertainty. This level is a significant point of interest. 💎 if the price breaks, we could witness a downward move of 13%, followed by a bounce back and a return to upward momentum. 💎 In the ever-changing crypto universe, staying updated and adaptable is essential. Stay tuned for more updates and enjoy your trading journey!
LLong
by MyCryptoParadise_Simon
SXP/USDT Bulls Take Charge..?!!👀 sxp today analysis💎Currently, SXP is trading within a wedge pattern, following a strong trendline and the exponential moving average of 200. 💎Due to market uncertainty in recent days, SXP has experienced significant price fluctuations. At present, SXP is in a high-demand zone. 💎 If it breaks the tight wedge pattern and maintains price momentum at EMA 200, it is ready for a substantial bullish move. 💎if the price fails to hold a strong support area, it might result in another lower low in the downward direction. 💎In the ever-changing crypto universe, staying updated and adaptable is essential. Stay tuned for more updates and enjoy your trading journey!
Long
by MyCryptoParadise_Simon
2
Preparing for A "Best-Case" Scenario As I've been talking about over the last several weeks, the market SEEMS overdue for some sort of relief rally. Although I believe crypto has begun a longer term downtrend and likely will not see all-time highs in the foreseeable future, it is not unreasonable to expect some hope to be injected into the market before further sustained downside. Of course, the market can also continue its death-spiral, but I'm seeing what usually constitute bottoming signals: 1) Overwhelming negative sentiment 2) Retail traders becoming interested in shorting 3) Extremely negative articles in the news 4) Low Bitcoin exchange balance - this one may not mean much since supply doesn't need to affect traded price, but historically the balance goes UP along with major distribution, not down. 5) Indicators. The MACD, Ultimate Oscillator, and Stoch all leave room for several weeks of upside, even if it's a slow grind. Unfortunately, many of these "bottoming" signals already presented themselves at the three previous "floors," at $32k, $28k, and now $17.6k. Most traders trying to time a bottom still expect the crypto market to reach a new all-time high eventually. I do not operate under this assumption anymore. I think most of those people will get rekt and throw good money after bad. This would be the phase where the larger exchanges assume even more risk to keep the market afloat, and the next leg down begins when those larger firms capitulate as well. I think the biggest crypto bulls (C.Z., Michael Saylor, etc.) will be forced to admit defeat before bottom is reached. This is just my brazen opinion. What's Different This Time?? The only thing that *could* be different this time is that declining oil prices may alleviate liquidity constraints across markets. We may even get a rapid deflationary period, kind of in a whipsaw reaction to easing supply bottlenecks and fuel price relief. Michael Burry mentioned something about this recently. Deflation could lead to momentary relief in markets, as people buy back some riskier assets. However, it may also be accompanied by declining profits for companies, and eventually severe layoffs. Optimistically, this could improve the outlook for small businesses and community organizations, but cause mayhem for large corporations. All of this is speculation, of course, since there are so many interacting variables with unpredictable behavior and outcomes. Why Would The Market Go Up, if Everything Sucks? I myself have been incredibly negative about crypto since the beginning of 2022, well before most of the carnage hit the market, so I was able to reduce my risk and get out in time. Here is the post that marked my transition from long term bullish to longer term bearish, in the very beginning of 2022. I received criticism from more experienced investors for being too flighty. But now is it time for me to become more positive? Am I still being too flighty? To be honest, I still don't see anything of substance emerging from the crypto market, but I do admit that the emotions of traders are likely to continue being manipulated, which could result in some surprisingly large upside moves. I think the most likely way traders will be manipulated is to the upside. Hence, I am looking for some opportunities at current levels to buy a little bit, to be sold towards the end of the year. I am so disconnected from any emotional attachment to crypto at this point that I can have a fairly balanced approach, and not care about wishing new all-time highs into existence. On the above chart, I've drawn a speculative trajectory to show a somewhat realistic outlook for the coming months, based on the broader market structure and sentiment. This is the best I think we can hope, if the market is to bounce. I think there is a slim possibility for a complete reversal here, but I noted the conditions necessary for that in my last analysis, linked here: People are now talking about the Pi cycle bottom indicator for Bitcoin, which just flashed. Sure, this can be a bottom. As I keep saying, buyers are welcome to that $20k Bitcoin at any time, although bulls really don't want to see it become heavy resistance. As it now stands, the 200 week MA is already becoming resistance for the very first time in Bitcoin's history. This is really bad news. But, it still holds on the TOTAL chart. What's particularly interesting about the above chart is that the TOTAL crypto market cap tested its 2017 all-time high perfectly. If it continues to hold, I think the market can build a bit of a base here and try to exit the downtrend closer to the end of 2022. My speculation is that this breakout fails and TOTAL cannot hold above its next major weekly Moving Average (100 MA, yellow), while traditional markets make a lower high peak after weeks of slowly grinding up. Then, once 2023 begins, markets enter a new phase of implosion. I think it's fairly likely we see some debt-related liquidations across major financial firms in the U.S., as the central bank will remain under stress due to over-reliance on the dollar. The crypto collapse in this case is a strong warning signal to major financial institutions. Without the ability to print much money, I think we enter the worst depression since the 1929. Something like this: How Can We Avoid The Collapse? Unless economic conditions sort themselves out miraculously, and unless humanity does some seriously aggressive problem-solving, I think it will be really hard to avoid a depression. Most importantly, the U.S. needs to motivate its workforce and develop projects people actively want to work on - such as improving transportation infrastructure and water management/conservation infrastructure. This could actively solve both inflation and labor issues while helping us move forward in a future that will likely be characterized by severe clean water shortages and changes in how we use fuel. Unfortunately, humans have been trained to be more reactive than proactive over the last century, which makes the aggressive problem-solving more likely to occur once we have reached peak disaster, rather than beforehand. Part of this is due to exploitation and wealth inequality. Since the wealthy elite hold the power and they also do not feel the effects of global economic turmoil until things are at their worst, they are unlikely to do anything preventative. This isn't always because they are bad people, but simply because their privilege makes them blissfully unaware, and less likely to take actions that they see as too "drastic." The good news is, major contractions are opportunities for growth, in the longer term. Think of it as a necessary growing pain for humanity. Now if this is the BEST-case scenario, what's the worst? Well, the market can actually just continue to the downside here and offer zero opportunity for people to get out at higher prices. This becomes more likely if traditional markets have not yet reached their short-term bottom, and if more systemic issues surface. Even if Bitcoin heads to a new low shortly, there is still the possibility for a relief rally in the coming months, although it's mostly guesswork. This is not meant as financial advice. This is meant for personal use, speculation, and entertainment only. -Victor Cobra
CRYPTOCAP:TOTALShort
by VictorCobra
5
Bitcoin - Escalation or Reprieve? After some time, Bitcoin has finally tested the $20k level. All the cryptos I held throughout the bull market are now below the levels where I first de-risked in January, 2021. This means that prices are now below every single one of my sell points. A move like this seemed likely to me, considering the breakdown of the 3-day 200 MA back in April. Prior to that, I liquidated most of my crypto earlier in 2022, due to a multitude of other warning signs. Here is the post from April, calling for $20k: In my last Bitcoin analysis, I wrote about the potential for some sort of relief rally heading into the U.S. Midterm elections. Since then, price has continued to drop, but this scenario remains in play. This is not a time where I feel comfortable putting in a lot of capital, but it's a time where I'm certainly looking or opportunities. This is why I'm toying with some small alt positions to see if I can catch a bounce. Here's the last analysis: Bitcoin now sits dangerously below the 200 week MA (teal), and must get above soon, otherwise it risks becoming major resistance. As Ethereum is now decidedly below its 2017 all-time high (near $1440 on Binance), it seems a real possibility Bitcoin will drop below the key $19-20k zone. Some liquidity still exists in the large area between $13.6k and $17.2k, so price can even venture briefly down there before any meaningful recovery for the market. The theme of this post is ESCALATION or REPRIEVE. What would ESCALATION look like? Well, as you might have noticed, a few major funds, platforms, and exchanges are in danger of insolvency. Many in this space were irresponsibly leveraged, most likely because they did not believe Bitcoin would ever retest its 2017 high and continue its established pattern. Escalation would mean that this creates a domino effect, until almost every exchange and firm shuts down, resulting in an extreme liquidity crisis. This could, in theory, push Bitcoin price continuously lower with no end in sight. This is what most sellers fear at the moment. And it's a very real possibility. Now, what would a REPRIEVE look like? A reprieve is a delay in punishment. Sure, Bitcoin can bounce here and slowly grind up towards some other Moving Average resistances in the coming months. Historically, it has done this, once it reaches the 200 week MA. The way I see it, a relief rally would simply delay the inevitable. I no longer believe Bitcoin is in a long term uptrend, and instead has reversed to the downside. Almost every bullish narrative for Bitcoin price has now unwinded, in my opinion. I think the last remaining chance is forced adoption . This would mean that although most people would not choose to use it (the evidence for this already exists in El Salvador), the government could enslave everyone by buying a bunch of Bitcoin and doling out limited amounts of it to the populace once the Dollar collapses. This is the doomsday scenario Bitcoiners have been prepping for this whole time. There is an incredibly amount of irony in this. You take a currency that hardly anyone wants to use, so how do you make sure that people use it? You enlist the government and big banks. But wait, I thought big government and banks couldn't control Bitcoin? I thought that was the whole point! You mean to say Bitcoin adoption inevitably evolves into authoritarianism? WHAAAT?? You can see how this argument can end up in absurd circles with logical fallacy upon logical fallacy. But, let's say something like the scenario I wrote about above actually happens . Even in this circumstance, the government may simply end up buying a ton of Bitcoin for $1000 a piece (or lower). Depending on liquidity, this can finally push price above $100k. So, I guess I understand why Bitcoiners want to hold onto their coins no matter what. But will they hold on no matter the value? Even so, I think the above circumstance is unlikely. Bitcoin has broken its long term trend against traditional markets, as I wrote about here: As I've also pointed out, a currency with a fixed supply is not a great unit of exchange since it encourages hoarding and not spending. With this logic, it makes sense why Bitcoin price is decreasing rapidly in an inflationary environment - people are finally selling or spending it, and not buying it! This is because its value far exceeded the dollar over the last 10 years, so it's actually a GREAT currency....for those who bought early. Now, even those who bought at the 2017 bubble peak are merely around break-even, and at a loss if they bought Ethereum. This doesn't even take into account inflation. Here is my post where I outlined a speculative trajectory for the coming months. So far, so good. Now, if it fails to even attempt a bounce near these levels it'll probably look even worse than that. Nevertheless, there always exists a possibility counter to my bias. For instance, if Bitcoin can bounce hard here and clear the $37-42k resistance zone, then maintaining above $40k for many weeks, I may consider a longer term ranging market with some eventual upside. I do think there is somewhat of a chance we see some slow relief here with low volume throughout the rest of the Summer, into the fall. During this time, a select few altcoins would probably again pump and dump in a "last hurrah." This is why I have toyed with entering some small altcoin spot positions. Really, I can't help myself. It's the "I might as well" trade. Come on Bitcoin, let's just give the 200 week MA a chance! In the event of a recovery soon, I can see a media narrative where it is blamed on the FED's perceived inability to tame inflation (meaning that although it may not be true, the market expects no matter WHAT the interest rates are, inflation will still exist, so they YOLO everything back into assets because, well, we're irrational beings). Then, as interest rates continue higher, unemployment jumps, and markets begin their true multi-year decline into the next great depression. Inflation eventually drops, but by then markets are deep into a bear market and unemployment so high that few can buy stocks or other assets. Then, we get The New Deal, Part II. All fun (and scary) speculation of course! Thanks for sticking with me on this crazy ride! This is not meant as financial advice - it represents only my opinion and it is highly speculative. -Victor Cobra
BITSTAMP:BTCUSDShort
by VictorCobra
12
One of The Most Manipulated & Inflated Assets of All TimeBNB has been consistently the best performing crypto asset since its inception in 2017. Since then, it has gone from mere pennies to nearly $700, outperforming both Ethereum and Bitcoin. How is this possible, given that the TOTAL crypto market cap lingers close to its 2017 all-time high, 5 years later?? How is this possible, given that the crypto market itself hasn't sustained much growth since 2017, Binance volume has declined, and given that cryptocurrencies themselves do not provide a necessary in-demand service for society? For an exchange like Binance, trading and gabling is the top priority, not meaningful change to infrastructure, the environment, or fundamental human needs. It's been over 3 years since I've written an article or any sort of analysis on Binance Coin (BNB). Here is one of my last posts from 2019, which includes roughly the same bullish channel shown on the righthand chart of this post: It's quite incredible how well BNB has respected this channel and its trendlines over the years. A Technical Analyst's wet dream. Needless to say, my experience and perspective has changed since 2019, but one thing does remain the same: I believe BNB is heavily manipulated. And it's not really a question; the chain itself is deflationary by design, and there are those at the top who have a vested interest in keeping the value high. It also has enforced demand. Since Binance has become the go-to exchange for many, at first glance it makes sense that BNB continues to outperform the rest of the market. When I first came across BNB at the end of 2017, trading with it was useful because it help reduce fees on Binance. At that time, it was an ERC-20 token on the Ethereum network. I had a bad feeling about it, so I couldn't commit to holding the token. From a profit standpoint, of course it was a bad move to let go of my BNB coins. As of April 2019, BNB became its own chain (with a code similar to that of NEO, I believe). Now, it's become an entire ecosystem with a Decentralized Exchange, burn mechanism, lottery system, NFT's, and plenty of other nebulous forms of functionality. Many existing projects also migrated to the Binance "smart chain," some of which migrated from NEO, which at the time shared some tech with the new BNB chain. This likely caused a decline in usage and popularity for NEO, which struggled to maintain relevance next to Binance's marketing and their presence as the largest cryptocurrency exchange in the world. During this period between 2017 and the present day, BNB is the ONLY relevant cryptocurrency that has continuously made new all time highs against Bitcoin, as far as I'm aware. BNB now maintains a solid position in the top 5 cryptocurrencies by market capitalization, currently standing at around $45 Billion. HOWEVER As you can see on the above charts, volume has fallen off a cliff. This tells me Binance's price is influenced by very little *authentic* trading. Volatility has also immensely declined. This may have something to do with the banning of crypto trading in China in 2021, as well as other regulatory crackdowns. It remains incredibly likely that BNB would be deemed a security in the eyes of the SEC, since Binance employees receive payment in BNB, and the token itself is often seen as an investment in Binance as a company. Assumably, if the company is doing well, BNB benefits. BNB has all sorts of mechanisms keeping it afloat: Quarterly token burn mechanisms (as mentioned earlier), numerous stabelcoins (some of which operate on the Binance smart chain itself, and recycled profits from other cryptocurrency projects. BNB has sucked market share from almost everything else. How else can something maintain such a high relative value while markets tumble and liquidity evaporates? The only explanation I can come with is that it is being propped up. I've also noticed that BNB generally maintains a positive funding rate on Binance while others have remained negative during the bear market, which may indicate that it has continuous long interest from futures. Now, looking at the recent news, a $500M hack has occurred, right under the nose of Binance, on their very own "smart chain." This is the largest hack experienced by Binance, and it joins the ranks of some of the largest crypto hacks of all time. While hack attempts are surely made in our banking system, it makes one wonder what the precise point is of this "alternative financial system" if it is so susceptible to hacks of this scale. I mean come on, the entire chain was halted. Apparently BNB was originally created as a means to repay customers after a Bitcoin hack in 2017. Now that's pretty interesting, don't you think? Looking at the monthly chart, BNB itself has halted. Price action has essentially flatlined, underneath the 9 month EMA. I expect price to eventually break below or at least test the 50 month MA (red). I'm leaning towards a breakdown here, mostly due to the lack of PA and volume, in addition to my feeling that negative news is likely to continue. It's also important to note the breakdown of the long term uptrend against the dollar, and the lingering at near the top of the bullish channel against Bitcoin. I think price can decline straight back to the $40-50 level, near the breakout point for the last bull run, and at least back to the middle of the channel against Bitcoin. Depending on how badly Binance would be hit by such a crash in BNB price, I will reassess from there. Of course, there is the chance for markets to bounce throughout Q4 of this year, since SPX hit the 200 week Moving Average. There may even be some room for rare optimism from me, depending on how things play out in the coming weeks. Despite this, I believe the house of cards is still likely to continue to fall for crypto. I have very little conviction in this market's durability at the moment. Again, here is the TOTAL market cap chart, showing that the 50 month MA holds as support, likely due to the price performance of coins like ETH and BNB, as well as stablecoin dominance. A crash in BNB would be likely to send other crypto prices lower as traders look for liquidity and the exchange goes into crisis mode. Certain stablecoins like USDT and BUSD may also be in trouble, should that happen, also due to a liquidity crunch. As always, this is meant as speculation! This may not play out at all, and I could just be spouting nonsense. Regardless, it's fun to think about these things. Unlike U.S. banks, a crypto exchange like Binance has very little recourse should it fall. Even people who still believe in the long term viability of Bitcoin will agree - get funds off exchanges. Again, this is not meant as financial advice. The future is not certain. All we can do is speculate and entertain ourselves in this wild world. Thank you for reading. -Victor Cobra
BINANCE:BNBUSDShort
by VictorCobra
5
BTC/USDT Bullish rally upcoming?..👀 btc today analysis 💎Currently, Bitcoin is trading within a tight wedge, maintaining a strong support level. If the wedge breaks above, it could ignite bullish sentiments. 💎 if it breaks below, we might anticipate a bearish move of up to 13%. BTC continues to trade above the VWAP level. If it sustains this, it could potentially shift market momentum 💎 In the ever-changing crypto universe, staying updated and adaptable is essential. Stay tuned for more updates and enjoy your trading journey!
by MyCryptoParadise_Simon
A Wolf In White Knight's Clothing - The End of A CartelThe saying is usually "a wolf in sheep's clothing," but you'll see why I reworded it a little further down. The above charts show TRX (Tron) and BNB (Binance Coin) side by side, in what I believe to be distribution ranges after breaking uptrends. Distribution is how these players achieve profit (selling to prospective buyers). I think they will eventually break down massively. If they do not, it means the infinite money scheme, despite its glaring obviousness, has continued to work. All eyes are on them now, so there may be a limit to what they can accomplish now. This is why I think it's very important to pay attention at this moment. Yesterday, I noticed enormous stablecoin outflows from Binance to Coinbase. These were mostly USDC, which is recognized as legitimate in the United States. My speculation is that Binance and other players in the crypto cartel are extracting capital from the markets using liquidity generated by artificial/counterfeit stablecoins, such as USDD and BUSD. USDD is the stablecoin on the Tron network, while BUSD is the stablecoin on the Binance chain. The collapse of FTX of course was probably inevitable, and CZ knew this. In order to distract the market from the larger scheme, he appeared as a "white knight," or a person who appears to come to the rescue, but is only serving self-interest. He is a wolf on the hunt, not a white knight, and certainly not a sheep. CZ (Binance) likely had no intention of buying out FTX, and used the liquidity generated from the pump to dump BNB on the open market. In a similar move, Justin Sun (Tron) allowed some funds to be withdrawn from FTX through the TRX network. Why? It benefits token values and allows for exit liquidity. However, this is merely forced demand. If Binance monopolizes the crypto space, they have cornered the market. This is clearly not decentralization. Now, let's say Binance and other exchanges hope to keep running. What do they need? Buyers. By the very nature of the speculative market, no single player can admit that things are going wrong, or that things have little intrinsic value. If they do, prices will be sent cascading lower in the blink of an eye. Instead, it needs to be a slow unwind. That's why the above charts are significant. At any moment, they could meet the same fate as LUNA or FTT. This is because I think it is very unlikely the crypto market will attract the authentic buyer liquidity required to keep Bitcoin miners afloat and the cartel running. Eventually they will need to decide enough is enough. I think CZ's "white knight" behavior may, in hindsight, be the signal. Will they get away with it? After so many billions extracted, one must wonder - where is all that money? This is my opinion, and not meant as financial advice. This is meant for speculation and entertainment only. -Victor Cobra
BINANCE:BNBUSDShort
by VictorCobra
8
XRP is at a crucial level! XRP analysis today💎 BINANCE:XRPUSDT finds itself at a crucial price point. It's evident that it rebounded off the demand zone around $.4251 and has ascended impressively to the decision point for an upward move. This level, $.54.57, has been a resistance point, but we might just break through this time. 💎 Paradisers, note that the 9 period VWMA is being adhered to nicely and it's angling upwards. We might just have enough momentum to push through. #XRP #XRPUSDT CRYPTOCAP:XRP 💎 A potential stop could be a close on the daily candles below the 9 VWMA. Remember, in the dynamic world of crypto, every move counts. Stay tuned for more updates and happy trading!
Long
by MyCryptoParadise_Simon
FILUSDT something truly exciting in the market!!👀 💎 FILUSDT makes a breakout from a triangle pattern, hinting at a potential market transition. 💎There’s an unmitigated order block acting as a support level. 💎 If the price breaks below the support level of 3.889, it's expected to retest the order block 💎 If the price sustains above the order block during this retest and begins to display bullish price action, it could be a positive indicator. 💎 In the ever-evolving crypto landscape, staying informed and flexible is crucial. Stay tuned for more updates and enjoy your trading journey!
by MyCryptoParadise_Simon
2
XRP/USD Secondary trend. Channel.Secondary trend. Logarithmic chart. Time frame 3 days. Descending channel. Reversal zone. Coinmarketcap: XRP The same parameters, but on a line graph. Slightly shifted the graph for a better understanding of the zone. The price clamp zone is 16.13% on a large scale on the 1 day time frame. This is what this 13.16% looks like on a line chart. Below is an idea of a larger time frame to understand where the price is. The whole main trend . Timeframe 1 month. XRP/USD Main trend Main trend (part) . Timeframe 1 week. Triangle zone. XRP/USD Main trend (part) Triangle
BITSTAMP:XRPUSD
by SpartaBTC
32