THETA/USDT Theta looking good on chart, if BTC gives it chance it might pump good.
Non financial advice. DYOR.
Dump
CHR/USDT once again on my eyeWaiting for a good move on chr this weekend. Same scenario as in last week, even BTC still holding its price. Stil green days on my mind.
Not financial advice. DYOR.
TRX Tron Potential Death Spiral similar to Terra LUNAHistory repeats itself for those who haven't learned from it.
SEC Charges Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations.
Eight celebrities also charged for illegal touting of Sun’s crypto asset securities. But let`s say the market doesn`t care about he Securities and Exchange Commission lawsuit, like we can see reflected in TRX price right now, but...
The reason for the potential collapse of TRX Tron is their stablecoin, USDD.
According to their website, USDD is secured by the over-collateralization of multiple mainstream digital assets (e.g. TRX , BTC , and USDT). The total value of collateralized assets is significantly higher than that of USDD in circulation with the collateral ratio set at 120%.
This is the USDD collateral:
TRX 10,929,535,279
BTC 14,040.6 = about $313Mil
USDT 29,964,253
USDC 39,719,839
so besides TRX , the total amount of other collateral is $383Mil for a stablecoin that has a mk cap of $724Mil.
Now let`s say TRX drops to the Covid level of $0.0072, which is not unrealistic in my opinion.
Then the TRX collateral of 10,929,535,279 coin will be worth $78,692,654.
Assuming that BTC won`t go lower, then still the liquid collateral of USDD will be around $462Mil for a mk cap now of $724Mil, which will result in a huge depegging od the "stablecoin".
Looking forward to read your opinion about it.
WTI - GAP CORRECTIONThe Biden administration said the surprise oil output cuts announced on Sunday by Saudi Arabia and other OPEC+ countries were not advisable. The west is not excited by the price development and we can expect an answer to keep the black gold in a reasonable range. Mid-70s is working well to reduce inflation and keep the economy running, that's why a logical move is to boost production supply as a corrective measure.
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$HNT/USDT comebackAfter $HNT delisted from Binance I will be waiting for a coom back by on $HNT.
If trendline breakes I will be waiting a pump till $2.519.
Not financial advice DOYR.
an area to be caustious of for bitcoin...dont be the sucker longing into resistance.
still not going to write this 5 wave idea off for bitcoin, until this potential w4 closes inside w1 space $btc may still head south ("the deep south )
Bitcoin is one step away from free fallBitcoin is so dangerous
Stay away from it
Bitcoin always surprise us
Short on $BTCPrice is not respecting the important zones no retest I think it's a fake/scam pump it needs to retest if it wants to show a real move
btc going down to 19 k rejection on 4hr GC indicatorbtc may go touch 18 k after 4hr rejection from gausian channel.
Take Risk/reward = 2 after rejection
A new drop in BITCOIN is comingA new drop in BITCOIN is coming while most of the influencers went bullish.
🔥 Bitcoin Dumping On Silvergate Contagion FearsYesterday, the share price of Silvergate, a cryptocurrency-focused US bank, dropped by nearly 50% in early trading after it delayed publication of its annual report and announced a fresh sale of assets to repay debts, while warning that it was assessing its ability to continue as a going concern. The delay and warning were prompted by its exposure to the collapse of crypto exchange FTX, which it said could hit its profitability, and the possibility of further regulatory scrutiny and legal action. Major partners, including crypto exchange Coinbase, have dropped Silvergate in response.
Source: www.theguardian.com
Naturally, this is bad news for crypto. A lot of fears about FTX and contagion have been re-awoken and investors decided to dump their tokens.
In my view, Bitcoin looks bearish in the short- to medium-term. In my previous rising wedge analysis I mentioned that a bearish break out could lead us to $21,500, but now I think we can even go lower because this is not a "technical" dump, but a news-related one. Once word gets out that big crypto players got hurt by Silvergate, we might see more (forced) selling ahead.
this fib circle has caused a big dump each time its brokenthis fib circle has caused a big dump each time its broken
will this time be different?
im cautious as it has to reverse one day, but lows are very possible whilst bearish structure is intact.
EVEN Lower for Proton XPRThis coin keeps dropping everytime Metallicus pays their employees. What a horrid tokenomics plan. CLEARLY shown by the chart.
Marshall_master_of_Proton, we are disappointed.
MA 200 crossed MA 50 Hello
As you see for the first time MA 200 crossed MA 50 in weekly TF for bitcoin recently.
This might means more losses and corrections is awaiting for bitcoin in the next weeks and months.
let me know what in your mind is
Regards
reza
#BTC can follow market psychology chart#BTC need to hold $21200 support otherwise #BTC will fall to $18500.
BTC Going Short Next Days !i expect BTC Going short next Days After touching the resistant line the rsi Give me negative divergence also MACD
Guys its not A Trading Advice or Signal i still learning if i have any problem in my chart help me to fix it <3
FTM/USDT SHORT IDEAFTM/USDT SHORT IDEA
FTM puked along Bitcoin
If we can reclaim the line above CMP I expect some consolidation before spiking up and filling the FVG above
afterwards I expect a rejecttion to the downside
If price gets above the HTF downtrend (trendline) we could move higher. (invalidation point)
another drop for universal currency ??another update for the usd chart . after meeting one of that prices i showed on the chart . there is gonna be another dump for the usd .
