#HEX consolidation continues #HVF pattern still valid Notice how the selling of this 3rd down draft is at a reduced angle in time.
In amidst the regulatory pressure from Gensler
and his wide net approach of calling everything a security
It is more important to ever to note the unique properties of HEX
No ICO
No Premine
I year launch phase
during which Bitcoin holders were able to claim and mint their own HEX
using a cryptographic signature
completed product from day 1
No roadmap
or team of developers to fund.
Users mint their own coins/rewards/interest
No centralised authority is required.
Coins trade on DEX's
In essence true defi
SEC
Make $1M+ if you follow this strategy or lose everything.Respected Traders,
Hope you're all doing well and made fat money in this bull run in the stock market. Finally I have got a great news for you.
Make 1M+ dollars.
News:
S&P 500, DOW Jones, Russel 3000 crashes on 30th October 2022. This in turn will bring the whole crypto market and the global stock market to crash as well.
Although we could see weakness starting from 30th September 2022. That would be your warning signs.
T.A.
They tell me we are in a parabolic run and we would fall from it like the BTC did in march 2021. I see a slight decrease in volume everytime there is a dip.
What to do?
Short everything. Growth stocks, dividend stock, ETF, SPACs, crypto. Short treasuries too if you want but hey no shorting value stocks. For max return copy MichaelJBurry portfolio. And hey if you lose sue me. and if i win SEC you can sue me as well. I don't flipping care.
Till then enjoy your ride my bears and bulls.
Thank you.
Your respectively
Dante. An artist in investing.
Bearish on alt coinsInteresting how Coinbase gets a Wells notice from the SEC near midnight lol.
Interesting Twitter thread for more on the subject by @_log_scale_ on this.
Seems like, with more adoption, more regulation will be at play to determine which coins are commodities vs securities via the Howey test; where a security is an "investment of money in a common enterprise with a reasonable expectation of profits to be derived from the efforts of others".
Meaning there is a chance that bitcoin comes the U.S.'s native currency as it is considered a commodity. But for 99% of altcoins... its over for them as many of them have employed teams building the code, startup capital from ICOs, DeFi lending yields, etc. making them a security... which is at risk of being delisted from CeX's.
Overall, go short on altcoins. Long on BTC and any true commodities on the crypto space deemed from the SEC.
⚡️⚡️XRP to the nearest time 66613133⚡️⚡️At the moment, the most likely alignment is 6 * 3 ... 13 44 ... 133. This fits well with the global price scenario. While artists draw local movements, adhering to certain frameworks so as not to violate the final plan, on the go, the outlines of global movements, consisting of many local ones, are predetermined. ❄️🔪🌾🍽 Attention to detail is rewarded.
BTC MARKET ANALYSIS 8.9.2021Bitcoin price declined over 15% and tested $42,000 against the US Dollar. BTC is recovering, but it could face sellers near the $48,500 and $49,000 resistance levels.
Bitcoin started a major decline below the $50,000 and $48,500 support levels.
The price is now trading well below $50,000 and the 100 hourly simple moving average.
There was a break below a key bullish trend line with support near $52,150 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is correcting losses, but the bears are likely to remain active near $48,500 and $50,000.
Bitcoin Price Recovers Above $45K
Bitcoin price failed to clear the $53,000 zone and started a major decline. BTC broke the key $52,000 support zone and the 100 hourly simple moving average to into a bearish zone.
There was also a break below a key bullish trend line with support near $52,150 on the hourly chart of the BTC/USD pair. The pair even declined heavily below the $48,500 support zone. Finally, there was a spike below the $45,000 support zone and the price tested the $42,000 level.
A low was formed near $42,000 before there was a recovery wave. The price climbed above the $45,000 resistance. It broke the 23.6% Fib retracement level of the recent decline from the $52,800 swing high to $42,000 swing low.
An immediate resistance on the upside is near the $47,500 level. It is near the 50% Fib retracement level of the recent decline from the $52,800 swing high to $42,000 swing low. The first major resistance is near the $48,500 level. A close above the $48,500 level could pump the price in the near term. The next major hurdle for the bulls could be near the $50,000 zone.
More Losses In BTC?
If bitcoin fails to clear the $48,500 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $46,500 level.
The first major support is near the $46,000 level. If there is a downside break below the $46,000 support zone, the price could extend its decline. In the stated case, the price could test the $43,500 support.
XRP BREAKING THE BULLISH FLAG ! Almost 175 million XRP were moved to the "taconstand" wallet that belongs to Jed McCaleb and was set up when Ripple Labs started – back in 2012.
The amount of 174,862,720 XRP totals approximately $210,051,020. Earlier today, it was reported that McCaleb's "tacostand" wallet's balance is now 709,911,469 XRP. Researcher Leonidas Hadjiloizou tweeted that the wallet from which the Ripple giant had been sending XRP to Jed is empty now.
On Aug. 16, McCaleb's wallet contained 821 million coins remaining. Since then, before receiving 175 million XRP on Sept. 1 from Ripple, Jed has sold 112 million coins, according to data from XRPscan.
According to forecasts from the jed.tequ.dev website built by the XRP community, Jed is likely to sell all of his XRP by Dec. 5, Dec. 22, Dec. 24 or January 2022 – depending on the weekly and monthly scale of his XRP sales.
ETH - WeeklyZooming into the weekly timeframe at the previous' posts fibonacci extensions.
Another fib (fibception) retracement is lining up with the extensions.
Should we see these levels respected on this time frame then that would be confirmation to reverse from here.
Along with the uncertainty with regulations, we should expect some news to be a 'catalyst' for this kind of move.
XRP - Daily Short UpdateHTF trendline held up again and saw another rejection from there now creating support on the LTF
Looking at the Daily Timeframe, we would need the support to break in order to continue this momentum.
We have clean traffic to the left on the Weekly Timeframe so if we break below it could be a pretty clean move down
Different possibilities for XRP depending on BTCSo we don't know what BTC will do, but I think that XRP will as always closely follow Bitcoin the next years.
If BTC really manages to hit ATH in Nov/Dec this year, which is not impossible, then I expect XRPUSD to hit the 20-30 USD region.
However, I think that this is unlikely, currently.
I think that BTC will climb to 55k now, pretend to be bullish, and then retest the MA200 again, with a brutal dump to 16k. I really hope I am wrong, but
this would really fit BTC's past behavior of extreme shakeouts.
If that happens, XRP will of course follow accordingly. And at current XRPBTC levels, this means a dumpt to retest the 10 cent area. Longterm, this
would be a bullish structure with a double bottom at 10 cents.
I am not saying that this will happen exactly like this, but it is a real possibility and we shouldn't be surprised or scared if something like this happens.
Longterm BTC will hit 250k probably around early 2023, based on the lengthening cycle theory and the theory of diminishing returns, see for example this
analysis here:
BTC being at 250k peak, this would easily mean XRP at around 50 USD.
However, this doesn't mean that XRP can't dump to 10 cents before that, one should always keep that in mind.
My advice is to position yourself accordingly. A strategy would for example be to sell some percentage of one's XRP holdings in this coming bounce, keep the rest in case of BTC continuing the rally this year.
The buying the dip should it really fall this low, with the money from the previously sold XRP.
Anyways, trade with caution and good luck to everyone.
P.S: I assume the SEC case will be resolved until early 2023 in favor of Ripple, probably contributing to a bullish scenario.
BTC: new assessment; 72hr response.relief rally is lined with much optimism.
expecting extreme volaility and swings for the next 72hrs.
CZ leaked plans early, hence the 48.1k price liquidation, either this is a signal that CZ is in trouble for sneminem to come to the rescue and save him from the bogdanoffs, or this level will be revisited because the script leaked (or so my source says)
plus we have witchcraftery brewing meme magic on crypto twitter. absolutely repulsive how much effort has gone into all of this since the B word conference.
tether lawsuit. on the heels of the SEC V Ripple being quashed in short order.
endless distractions. most peers are unawares of the flip being so imminent to switching, they aren't even prepared.
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