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SEC's Cryptos Classification Impacts Binance & Triggers OutflowsHey all, finally back with a new video Binance is facing hard times with SEC sues and by money outflow. According to our data, last 24 hours, Binance net outflow is about $392 mln, so let's keep an eye on the stability of cryptocurrencies. There were BTC outflows from Binance following recent events, however, it's encouraging to note that the movement of Bitcoin to private wallets indicates that retail investors are choosing to hold onto their Bitcoin rather than keeping them on exchanges, potentially facilitating exchanges for fiat or alternative cryptocurrencies. Keep in mind that SEC has classified 46 cryptocurrencies as securities, which has significant implications for investors, exchanges, and the crypto industry as a whole. Trading these securities without proper registration may result in penalties for selling unregistered securities, thats why Binance is facing legal actions More importantly Bitcoin is not included in this list of 46 cryptocurrencies by the SEC. It focuses on the specific cryptocurrencies that have been classified as securities by the SEC, and Bitcoin is not among them. Bitcoin is often considered a decentralized digital currency rather than a security. Therefore, trading Bitcoin does not fall under the same regulatory requirements and potential penalties as trading securities. SO I think thats one of the reasons why BTC is doing quite well compared to alt coins. However, it's important to note that regulations may vary across different countries. From an Elliott wave perspective I bitcoin supports at 25k, followed by 22k. On ETH I see very important 1600 area. Grega
BITSTAMP:BTCUSD
by ew-forecast
3
ALT Season about to start Well, USDT.D. has formed a massive divergence; there could be a last shakeout to eliminate the retail investors. It's a very good opportunity to start buying into some of the altcoins. I believe file, coin, dot, dash, and sushi are nearing or have already reached their bottoms. After breaking out of this massive rising wedge, we will see a huge pump. Today's dump was harsh, and there was a lot of fud about Binance. Binance isn't going anywhere, but I always suggest keeping only 20–30% of your holdings in the exchange so you can trade. So be careful while buying and do not use bigger levers, as leverage is designed to take your profits through fake wicks. There isn't any better opportunity to buy on the spot than now. Good luck, and hopefully next year we will see at least 2-3x in all major altcoins. Also, there is so much fear in the market right now; that's an indication we are much closer to the bottom.
CRYPTOCAP:USDT.DShort
by Bitsleader
3
BLK: Outflows will hurt?BLACKROCK Short Term - We look to Sell at 602.67 (stop at 646.89) The primary trend remains bearish. Sentiment remains negative despite the pull-back higher in prices. Previous support at 610.00 now becomes resistance. Resistance could prove difficult to breakdown. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 505.63 and 470.00 Resistance: 610.00 / 760.00 / 900.00 Support: 505.00 / 450.00 / 350.00 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.
NYSE:BLKShort
by VantageMarkets
⚡️ #BTC MACRO ON-CHAIN - 07/07 ⚡️40:60 Bearish:Bullish On-Chain looking Bullish on a Macro level - we could be ranging in this 20% period like the consolidation ranges before (excluding the initial dump wicks) for a further 10 or 11 days. Given the current outflows and huge increase in BTC to cold storage it is looking like the exit from this consolidation could be bullish. Total exchange outflows in June peak at -151k BTC/month, with Shrimp and Whales as main receivers. Although the lack of confidence in Exchanges/Lenders is at an all time low so take with a pinch of salt and could still mean temporary holding in cold storage.
INDEX:BTCUSD
by Kryptochristian
1
Bitcoin ready to rebound?After the pushback from the MA50Weekly and the breaking of the bearish flag, Bitcoin has screwed into a bearish trend slowed only by the 61.8% Fibonacci level, after a few days broken. After the breakdown of the MA200Weekly there was the maximum moment of correction. The #OnChain data indicates a massive build-up for most likely Retail users. A rebound is more than likely (would follow SPX500 and classic markets,you can watch my analysis on SPX from a few days ago). Next resistances among the most important in the short term, $22,300 - MA200 Weekly moving average and subsequently onchain volumes area at $23,500, then we have fibo level and onchain volumes area at 28/30 and then further resistances in the 36/40 area with the MA50Weekly. The long-term trend remains bearish until further confirmation, but a rebound from this area is likely.
BITSTAMP:BTCUSDLong
by CryptoReggae
2