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Could TerraLuna restore TerraUSD PEG with $Hi folks, The #Terra protocol is doing well and needs no further bailouts 1-2-3 or whatever planned by Do Kwon. Now we have to let the market regulate itself naturally. Indeed, the spectacular crash of the past week was painful for everyone. Nevertheless, I think it is part of algorithmic phases of the Terra protocol itself. The protocol grows by successive phases of expansion and contraction. We have simply witnessed a phase of brutal contraction. This phase could have been amplified by an hypothetical attack but no one knows right now. Now, we have to wait for the market to do its job of natural regulator. Namely, slowly raise the #TerraLuna $LUNA to the price of $0.0017 per unit. At that time, the #TerraUSD $UST will naturally PEG with the US dollar. It’s only a matter of weeks. In fact, the regulator is already playing its role. Once the market has played its role of natural regulator and therefore the TerraUSD UST will again be worth 1 US dollar thanks to its symmetry with the LUNA supply, we can begin the expansion phase of the Terra protocol. During this expansion phase, we will see the TerraUSD UST supply increase and the #LUNA supply decrease. Once the PEG is reached, the decrease/increase of LUNA/UST will begin at approximately 612 LUNA for 1 UST until reaching in a more or less distant future the value of 1:1 or even more depending on the pace of adoption. So, let the market regulate itself and digest this contraction naturally instead of trying to manipulate it with more or less hazy hypothetical rescue plans. This is the price to pay for a decentralized currency. Moreover, we are not safe in a distant future from a new contraction of the protocol which will resorb itself to leave after a few days or weeks a new phase of expansion. Therefore, this contraction could be beneficial for all #cryptocurrency markets since it will bring a significant amount of fresh UST to the market when people will redeem their LUNA for UST once the PEG restore. And we know that cryptocurrency markets are in desperate need of fresh liquidities. So, yes, I'm long. And the impressive volume of Terra Luna exchanged speaks by itself. Have a nice day
LLong
by HenriqueV
8
Coinbase: Lawsuits over 'stablecoins'!!Coinbase Short Term - We look to Sell at 79.05 (stop at 97.30 ) The primary trend remains bearish. We are assessed to be in a corrective mode higher. A move higher faces tough resistance and we remain cautious on upside potential. Preferred trade is to sell into rallies. Further downside is expected. Our profit targets will be 30.50 and 25 Resistance: 70.00 / 75.00 / 80.00 Support: 65.00 / 60.00 / 55.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:COINShort
by VantageMarkets
✅⚙BTC: market mechanics! Global and local view!📊Hi friends! Globally, Bitcoin looks very good: it has tested the lower boundary of the channel, closed above the key level, and volumes are up. But why there is no strong pullback, no price reaction? In this idea I will explain what you additionally should expect from the market in the coming week, so that you can open a trade in the direction that is more possible. 📊Weekly. Globally on Bitcoin, we see the test as support of the lower boundary of the channel and even a close below it. But what to expect this week? Pay attention to the volumes - they are lower than they were last May 2021. That means that not enough traders have liquidated and they are not in a bigger panic than they were a year ago. 💹This is negative for the price , because for the market to grow you need to have retail traders scared and sell all their Bitcoins and Altcoins to the big players, and that's not happening. There is no capitulation of the retail trader and investor. 70-80% of people who have been accumulating their positions in the $30-67k range for over 1 year should capitulate (there should be a huge liquidation on volume). This is the first sign of a trend change in the crypto market. If you don't know what a trend is, you can read in detail in this tutorial idea. 📊4 hours. The area of accumulation of long positions is highlighted in green, after which this liquidity became fuel for the 33% drop. Most in a panic closed their positions by market orders, in order to stay at least with some balance. 💹Locally the price is forming a bearish (rising) wedge, which indicates the weakness of the buyer and the fear of the retail investor. There could be a 26% drop to the $24-25k level according to classical technical analysis. Also, about 2 weeks ago I talked about Bitcoin falling in the short term when similarly there was no sign of buyer strength. The price dropped by 35% and a lot of traders took advantage of that ideas. 🚩What would be the additional trigger for this fall? If the SnP500 continues to fall this week, a fall in Bitcoin is extremely likely! There is a very high correlation between the cryptocurrency market and the stock market for the last 2 months. ⚙This is one of the scenarios that can be expected. Also, Bitcoin could repeat the consolidation of the summer of 2021 with liquidity collection and stop-loss takes out. ✅Friends, what are your ideas about the market? Will there be a rise, a fall or maybe a consolidation? Write in the comments! That way we can understand the sentiment of traders on TradingView who actually trade in the market! Press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
BITSTAMP:BTCUSD
by Yuriy_Bishko
7
LUNA/BUSD: Let's Buy an Exclusive Monthly Lottery Subscription We are going to post a controversial idea. We know many have expressed their attitude toward the worthlessness of Terra(LUNA) after its collapse. We will not get into coin’s fundamental reasoning because there are just too many factors to argue for each side. We just want to point to a few simple, logical, and forward-looking reasons on why we are going to purchase this coin. 1.We are planning to buy this coin and forget. This is a passive investment, with an indefinite holding period. We believe that at this price level (A small fraction of a cent), for a coin that used to be above $100, we are willing to “gamble” using a small portion of our fund (1 ~ 2%) for a long-term investment. We do believe that purchase this coin should have more probability of winning than buying a lottery ticket. Consider this investment similar with a scenario where you have purchased a “continuous monthly lottery subcription with only one initial payment”, which gives a great risk-to-reward ratio. 2.Although many have said that the coin will be suspended from trading, a suspended trading does not mean you will lose the coins you have purchased. You can still transfer your coins back to your electronic wallet and keep them permanently. If the price jumps up and volume returns, exchanges will definitely resume their trading operation for this coin. 3.Many worries that Terra(LUNA) could go below 0. However, this is not true. Cryptocurrency cannot go below zero, meaning you will not lose more than your original investment (Of course, given the fact that you are not using a leverage). Although we have seen the unthinkable event where the price of crude oil fell below zero back in April 2020 during the pandemic, this is due to the fact that oil contracts are directly linked to physical asset, and fire-sale of oil contracts near the expiry dates are caused by traders, which are us the speculators, who did not have access to the storage. However, as for coins, we have coin wallets, thus never have to worry for a storage place. Therefore, there is no possibility for the coin to drop below 0, as many are worrying. With that being said, last week, Terra has made a new low at the 0.00003 level. Price has retraced back to the 0.0006 level and recently, it has broken its short-term ascending trend line, aiming to retest the new low of 0.00003 level. From the 0.00003 ~ 0.00005 level, we will purchase this coin with a 1~2 % risk and then forget. Let's hope for a great dream. Check out our recent cryptocurrency trading ideas below :)
LLong
by NicoBeau_Capital
11
📊BTC: which cycle does Bitcoin copy? 2018vs2020💹Should we wait for a quick recovery and a Bullrun or will accumulation starts again? Bitcoin is already down by 60% from its ATH. But it is important to understand what scenario Bitcoin will follow. I decided to take two examples from history of how the major crypto-boss was recovering. 🚩Bottom of 2020. Conditions for recovery: 1. Black Swan - Covid-19 pandemic. 2. Fed printed a lot of dollars to fight the crisis. As a consequence, inflation began to rise and the dollar began to depreciate. $4,000 a year ago=$4,200 today for the same Bitcoin. 3. After getting unemployment benefits, a lot of retail investors started investing in crypto. ✅Now we can repeat the V-Shaped Recovery as in 2020. That means by late summer/early fall Bitcoin will be near the upper boundary of the channel, around $70K. 🚩Bottom of 2018. After a year of consolidation and falling by 80% from the ATH, Bitcoin began to consolidate again. Conditions for recovery: 1. The biggest economic growth cycle of 2009-2021 was at its peak. Bitcoin was able to return to $14,000 in a few months - up 400% from the lows. 2. Capitulation of retail traders and investors. After such a long and debilitating decline, all retailers were desperate and sold their crypto to the big players. 3. Interest in crypto only grew among institutional investors and experienced traders even in spite of the fall. Everyone put their money into crypto because they saw its obvious advantage over fiat currencies. 4. The main part of cryptocurrency exchanges, such as Binance, began to launch and investing or trading became more accessible to anyone with any deposit. ✅If the Accumulation scenario repeats, we will see Bitcoin at $100,000 close to New Year, not only paired with UST, but also with USDT or USDC. 📊What is now in 2022: 1. Economic and market sentiment indicators are showing traders and investors panic. 2. All global financial markets are under the pressure because of FED raising rate. 3. Global political disasters. 4. Crypto continue to grow it`s popularity. Investment funds increase their investments in cryptocurrency projects and fintech startups every quarter. 5.The topic of crypto is on the rise, even though Luna has fallen by 99%. 💻What scenario are you looking at? Share your idea or a picture of the chart in comments! Let's discuss them with the whole crypto community! Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
19
Luna Supported by Fib 0.618 ( 1h )(( please read the description )) Hello friends and companions of Trading View The Descending triangle was broken down and the support zone was tested, buyers were able to raise the price above Fib 0.618 in the short term, now trades have accumulated in the Fib range of 0.5 ~ 0.618. If buyers can provide the necessary support and cross the resistance of $ 0.00037 with a high purchase volume, we can hope to test the resistance. Trading volume is low If negative news, bitcoin downtrends and indices continue, there is a possibility of re-testing the support area based on the sentiment of the herd. tip : * The first Target is to defeat the resistance, Profit can also be in resistance. * MACD (Low buy) * RSI is in the sales zone * Trading volume is very low (probability of testing lower prices) * The herd trades based on emotions * Bitcoin is highly dependent on Indices ( S&P ) I tried to identify the points of support and resistance for you, Trade smartly, Good luck. ..................................................................... * In trading, the winner is the one who manages his profit and loss * * The responsibility for buying and selling lies solely with you * ..................................................................... ********************************* pay attention **************************** For stress-free trading, see Bitcoin price trend, Bitcoin is effective in all trades **************************************************************************** ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Please like, subscribe and share your ideas. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
L
by Saeed-sheikh
2
Anatomy of LUNA's technical breakdown - a painful meta-analysisLUNA (and UST) rocked the (crypto) markets last week, and hogged the headlines. There were many who got wiped out, and the prospect of recovery appears very remote, if at all. Here I would like to share why I chose LUNA to be a major part of my portfolio, entered and managed the trade (I would not term this as an investment, really). I hope that this sharing can be a good starting learning point of some fundamental factors that we all need in risk management. Luck comes along with hard work and preparation, so just keep at the good stuff, always. For the early part of 2022, a triangle pattern was forming with LUNA, following LUNA's surge in late 2021. Had missed the breakout in late February and had to wait for some pullback, which was shallow. Entry was taken as there was about 50% more of the projected target (see green arrows). MACD and RPM was favourable at that time too. A surge pushed LUNA closer to target and about 60% was taken off, since entry was significantly large of my portfolio, and this was redistributed elsewhere. A retracement took place and almost closed the trade, but one day more made a difference with yet another surge. This time, it got closer to the projected target but retraced just before. Had decided to project the next target level, and kept trade open for the time. LUNA was performing well about this time too, so that was a consolation. In early April, again, it failed to reach projected target and I had decided to allow this to bake longer as the remainder of LUNA that I had, I was willing to hold longer. Then the technical breakdowns started... It returned to the near the entry price, and if it went below further for a day more, I would take it off. Yet again, a surge off that (critical) support level happened. It was very clear that this is now my OSL... LUNA spiked to break above the 55EMA, and reach a resistance in three days, and then consolidated, as bullish technicals faded away slowly. Yet another retracement was effected, after a lower high, no less, and tested the critical support OSL again. A short bounce ensued, and this time, as it failed the resistance, and perhaps more importantly, the 55EMA. Furthermore, the RPM was turning bear, adn MACD was weak. So, I decided that it was enough. Closed out the last 40%, meant for longer term hold, and walked away happy. Started to take notice that LUNA was getting into the news, initially saw UST, and then LUNA got mentioned more. Barely two days after closed trade, LUNA depreciated so much that it was clear something was not right. Technically, the bears were moving and fundamentally, some serious shit was happening. Then it broke the critical support, aka OSL. And that was it... free fall. Then we started reading about many who lost fortunes from this breakdown. Few personal takeaways I have to share, in good faith: 1. It is a trade, not an investment, so keep an eye on crypto positions always. Volatility is part of crypto and it must be accepted, monitored and managed; 2. Read more about what you buy, and keep abreast of its developments. Apparently, a lot about the UST peg was criticized, and admittedly, I read none of those prior; 3. Have good technical analyses and keep a simple set of rules for engagement; 4. If always make sure your tokens are nimble, even if you are staking. A quick retrieval to sell off if and when required is needed. The amount of time you need must be overestimated, and so you know that you need to act eariler, rather than later; and 5. Always have that sacred OSL , and respect that if it is ever broken, you also need to break off the trade. The last point is by far the MOST IMPORTANT takeaway. I kept to mine, and it saved me, unwittingly. Many others, even in the equities market, have asked of late, what to do... Thing here is, we need the solution before the market tanks; we know the solution(s) too. So, need to form the habit of letting go when it is time, so that we are free to move along and recover. As we go through the next weeks recovering our wounds, I hope that you find it in your spirit to understand what happened, both external and internal. And we can only control the control-ables (internal), namely, our actions. So develop a set of steady rules, keep to it, and always have that OSL. It is a live saver. I shared the above, in good faith, as I think it need to put out my learning points of the weekend. I do beg your pardon if it rubbed on sore points, and if it did, it means it needs tending. Read, analyze, and discuss... I believe that there is enough of a community there to help each of us get better. 2022 is a more volatile year, good for those who know how to manage. God bless and take care.
L
by Auguraltrader
2
LUNA/BUSD Daily TA Cautiously BearishLUNA/USD Daily cautiously bearish. LUNA currently having a Scarface moment, "You think you can kill me with bullets?". The Revival Plan posted by Do Kwon with help from the Lunatic community shows that perhaps there is enough support to have Luna rise from the ashes, but whether or not it ever reaches its previous ATH at $120 without removing or significantly modifying the UST:LUNA peg aspect of Terra is TBD. Recommended ratio: 5% LUNA, 95% cash. Price is currently trading for fractions of a cent ($0.00025748) just above max bottom as it has become a "meme coin" that some investors are betting big on recovering. Volume remains extremely high and is becoming more fairly balanced between buyers and sellers as it is attempting establish a new base. Parabolic SAR flips bullish at 30, this margin is bullish. RSI remains flat lining at the ATL of 14.25 for the fifth consecutive session. Stochastic also remains flat lining at max bottom. MACD is currently printing a new ATL at -24.65 and is beginning to form a trough; this is mildly bullish at the moment, though it would need to break out above -18 for a bullish crossover. ADX is currently trending up at 45 as Price remains near 0; this is bearish. If Price is able to break out above $0.01, then the next resistance is at $0.27. However, if Price stays below $0.01, it can trade down here for a while until LFG figures out the best way forward. Mental Stop Loss: (two closes above) $0.01. *I'm using BUSD because the chart I had been doing LUNA/USD TA on was broken when Binance delisted that pair* **You should only invest what you are prepared to lose into LUNA at the moment because it is currently still unclear how they plan to move forward**
L
by dailytaguy