SEC Ends Ethereum 2.0 Investigation
Bitcoin prices fell Monday as nearly $500 million in positions were liquidated: Long positions took the majority of the losses.
Deutsche Telekom, parent company of T-Mobile, to join Bitcoin mining sector: The move could enhance network security but also increase competition among miners.
Consensys says SEC has ended its Ethereum 2.0 investigation: The announcement confirmed that ETH sales are not securities transactions – marking a significant victory for the space.
The Financial Stability Board met in Toronto to discuss regulatory challenges presented by stablecoins: The collaboration with the IMF began last year, with plans to produce a policy paper on the issue.
Waka Flocka Flame's new memecoin, FLOCKA, launched on the Solana blockchain, faces criticism amid a roughly 77% price drop: The massive falloff highlighted one of the major issues with the celeb-coin trend.
🐕 Topic of the Week: Shiba Inu: The Doge-Inspired Upstart Memecoin
👉 Read more here
SEC
ETHEREUM ETF Can SEND $ETH to $7300The Bitcoin etf
Basically doubled the price of #BTC
from the lows post etf trading to our recent peak in March
A similar outcome and performance for Ethereum
Would send #ETH to the 1.618 Fib extension
This would be epic for altcoins, memecoins and DEFI
what do you think
do you agree?
TSLA : Going to Fall Soon ? (READ THE CAPTION)Upon reviewing the chart for #Tesla stock, we see that the price is giving more weight to our analysis and is currently trading around $176. It seems likely that we will soon witness further declines. The potential downside targets for this analysis are $168, $139, and $119. (This analysis will be updated.)
The Main Analysis :
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
TEDDY BEAR is the #1 MEMECOIN on Pulsechain!How do you get exposure to a blockchain and a community ???
The tried and true answer is by allocating to the main dex (which is #PLSX) and the secondary DEX or most used application (9inch for example)
But that really has evolved into buying the best #memecoins on the chain.
In my opinion Teddy Bear is proving itself to be the number 1 #meme coin
and the most likely spear of the chain ... ie the ability to draw in speculative capital.
(of course Richard Heart v the SEC case and his potentially very profitable Ethereum trade are also big drivers ofc)
Either way TeddyBear vs #PLS has a fantastic structure of a #HVF @TheCryptoSniper
With plenty of upside left on the table
11X on it's target 3 Log projection!
Strong chart
plenty of liquidity and volume
and shilled by the number 1 shiller @iambroots on X
don't forget that 11X can be multipled by the number of X's pulsechain were to achieve
5 x 11 == a 55X usd multiple for example
XRP will highly likely go to 6-8 USD soonI have to say that I almost finished my analysis but somehow my page got refreshed and it got lost..
So I will summarize what I wanted to say:
Pattern recognition is important and are (magnified) copies, and following signs are bullish:
* Compare the blue and pink rectangulars
* we are hovering above the 200 ema
* if we have a break-out of the pink rectangular, we will probably hang below the yellow descending trendline
* If we break-out we will most likely see very rapidly ATH or 3-3.2 usd
First bullrun around end of 2017 was around 1600% which will be repeated from this level 0.48-0.5 usd..
which results in a level of around 8 usd or exactly the 2.618 FIB level !
I might think a 3th wave will pass the 3 usd level to come back as support in a 4th wave and meet the 6-8 usd in a 5th wave.
On a macroeconomic scale it looks all clear and the graph is quite clean for a run-up after a long 6 years consolidation!
I think there is much momentum made as we didn't have a ATH in previous bullrun after covid.
So the potential is enormous as XRP has a decent bottom and support around the 0.3-0.5 usd level.
Also remember when there was a crash in USDT several years ago..everyone ran into XRP which was quite atonishing.
It is somehow a reserve currency and could take out ETH in the a second spot which it did already briefly in jan. 2018 !
I foresee a bullrun like end 2017 with a start after 2nd quarter, so end of June this year... which will have a peak again at the end of this year.
ETH Bullish Pennant | ETF approval confluence | Target: 2021 ATHNot Financial Advice
TL;DR Bullish Pennant on BINANCE:ETHUSDT daily chart, upwards breakout target would be very close to 2021 ATH. SEC approval of VanEck ETF (final deadline on May 23) could be a major catalyst.
A rare case of (potential) technical and fundamental confluence:
ETH has been building a Bullish Pennant since the end of the Feb 5 - Mar 12 rally
The retest of the multi-month support in place since October 2023 might signal that the bottom is in
The final deadline for SEC's approval of VanEck's ETH ETF lines up almost perfectly with the convergence between the pennant's resistance and the multi-month support
Interestingly enough, the target for an upwards breakout of the pennant around VanEck's approval deadline would be very close to the 2021 ATH
Full moon dump of $BTC before $ETH ETF Approval?#bitcoin #btc took support from daily ichimoku cloud after the classic dump before SEC approval.This zone may play out as a good support zone till the #ethereum ETF approval is declared. Declaretion will determine the deeper dump or pump to 70 - 74K region. 1.5 hour left. Good luck for hodlers and margin gamblers. Not financial advice.
BTC - Make or Break Zone 📈📉Hello TradingView Family / Fellow Traders,
As per my last analysis, attached on the chart, BTC broke above the accumulation phase and traded higher.
Currently, BTC is hovering around the upper bound of the range.
What's next?
Scenarios:
1️⃣ Bullish - Continuation
For the bulls to maintain control, a break above the upper bound of the range at $72,000 is needed.
In this case, a movement towards the $80,000 resistance would be expected.
2️⃣ Bearish - Correction
In parallel, if the lower red trendline is broken downward, we expect a bearish movement towards the lower bound of the blue channel.
Which scenario is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
ETH - It is Happening! 🦋Hello TradingView Family / Fellow Traders,
As per my last analysis, shown in the attached chart, ETH rejected the $3000 round number and surged by over 20%.
What's next?
📈As long as the $3500 round number holds, we expect a continuation towards the previous all-time high of around $4800.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
And always remember:
All Strategies Are Good; If Managed Properly!
~Rich
XRP and the US Coinbase Trader Participation GapCoinbase recently relisted XRP and with that, a trading gap appeared, but interestingly enough, if you look at just the price action that US traders participated in via Coinbase, you will find that XRP has indeed completed an AB=CD move. On the other hand, the original target was 2 dollars when looking at the price action globally, but I think the US trade data is most likely to take precedence over the global data, and due to that, I have plotted an ABCD on the left chart that ignores all the non-US data and only includes the data in which the US was involved in. Doing this ends up making our ABCD PCZ a 1.13, which lands just under 1 dollar. As typical, the profit target for such a pattern would be back to the level of C, so in this case, around 20 cents, which would fill the US Gap.
XRP Price Action Looks to be Setting up for a Rise to 2 DollarsWe have a 3 Rising Valleys Pattern that has recently formed on the weekly timeframe, and we recently had a confirmed weekly Bullish Engulfing; if XRP manages to get back above 51 cents from here then it will likely begin to move fast towards it's last swing high of $1.96 but at the same time this is XRP we're talking about so it could go much higher because it is trading within in a massive macro consolidation wave structure on much higher timeframes and I have projected could take XRP up to as high as $120.94 whenever XRP truly decides to get going which can be seen here:
FTX To Return Money To Former Customers
FTX customers to get money back: Lawyers for bankrupt crypto exchange FTX said customers will receive the funds lost when FTX went bankrupt in November 2022, plus interest. The payout will likely take months and still requires approval from a bankruptcy judge.
Regulator cracks down on Robinhood: The SEC has issued a Wells Notice informing the crypto arm of Robinhood that it will face upcoming enforcement action. Robinhood maintained the crypto token assets in question are not securities and expressed readiness to contest any charges.
Grayscale's Bitcoin Trust (GBTC) reverses four-month outflow trend, BTC remains stable: The ETF saw significant new inflows and contributed to a positive shift in the overall spot Bitcoin ETF market. Meanwhile, the price of BTC remained stable over the past week as investors settle into what analyst described as “post-halving boredom.”
Binance CEO Richard Teng calls for release of Tigran Gambaryan: Nigerian authorities have detained the crypto exchange’s compliance officer on charges related to illegal transaction.
Hacker responsible for stealing $125M from Poloniex in November moves $35.3M worth of Ethereum and Bitcoin: Some of the funds were moved to the sanctioned mixer Tornado Cash, in attempts to obscure the origins of the stolen funds.
🤑 Topic of the Week: Anti-Money Laundering (AML)
👉 Read more here
BTC - Bearish Short-Term Until...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 After breaking below the last major low in red, BTC has been bearish from a short-term perspective trading within the falling channel marked in red.
🏹 For the bulls to regain control, a break above the upper red trendline is needed.
Meanwhile, further bearish movement towards the lower bound of the red channel would be expected.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
XRP : Decision moment📊Analysis by AhmadArz:
🔍Entry: 0.5216
🛑Stop Loss: 0.4564
🎯Take Profit: 0.5623 -0.5911 -0.6371 -0.6717
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
#XRP not a security! The path to $23 is being formed.XRP won it's case. Great for XRP and alot of altcoins (not all)
what we know from the case;
Programmatic sale on exchanges did't meed the third prong of the Howey test
Sales to users via exchange on a order-book OK. Sales through a ICO/IEO/Launchpad not so.
Bounties, Investments, grants paid in XRP - OK.
Overall a massive win for #Crypto
@TheCryptoSniper
#HVF
SEC Charges Trump Media Auditor With Massive Fraud Stock Slides The US Securities and Exchange Commission (SEC) has charged former president Donald Trump's auditor, Benjamin Borgers, with a "massive fraud" and a "sham audit mill." The SEC alleges that Borgers did not properly prepare and maintain audit documentation, fabricated audit planning meetings, and passed off previous audits for the current audit period. The SEC claims that Borgers and his firm were responsible for one of the largest wholesale failures by gatekeepers in financial markets, putting investors and markets at risk and undermining trust and confidence in markets.
Of 369 BF Borgers clients whose filings from January 2021 through June 2023 incorporated BF Borgers' audits and reviews, at least 75% incorporated audits that did not comply with the SEC's rules. The company acted for Trump Media ( NASDAQ:DJT ) during the period of the SEC's complaint. In late March, Trump Media merged with a publicly traded shell company, Digital World Acquisition Corp, in a deal that valued the minnow social network at close to $8bn. The company now trades under the ticker symbol "DJT", using Trump's initials.
Trump Media's shares ( NASDAQ:DJT ) have fallen sharply since their debut but have continued to significantly boost the former president's wealth. The company is now valued at more than $6.5bn, with Trump as the company's largest shareholder and recently qualified for a bonus for the company's share performance that boosted the paper value of his stake to $3.7bn.
Crypto Slides Amid Stagflation Concerns & Gloomy Economic DataThe cryptocurrency market has retreated under the shadow of renewed concerns about US stagflation.
Federal Reserve chair Jerome Powell left the benchmark federal interest rate at between 5.25% and 5.5% at the latest FOMC meeting Wednesday, citing sticky inflationary pressures and a lack of recent progress toward their 2% inflation target. However, Powell downplayed the idea of needing additional rate hikes.
“It’s unlikely that our next policy move would be a rate hike,” Powell said.
Economic data revealed a slowdown in US GDP growth to 1.6% this quarter and a 3.4% increase in the PCE index – the Federal Reserve’s preferred inflation metric. However, Powell also downplayed the notion that stagflation had arrived.
“I don’t really understand where that’s coming from,” Powell said. “I don’t see the stag or the flation.”
After BTC had reached an almost two-month low at roughly $57,000 on Wednesday, the price rallied to $59,269.80 as of press time Thursday.
➗Topic of the Week: How do Interest Rates Work?
➡️ Read more here
BTC Binance FUD - 20k or Bear-trap?Bitcoin has fallen over 6% in mere hours after the announcement that one of the largest crypto exchanges, Binance, is being sued by the SEC. Now seems the best time for me to put in buying orders at certain support price levels.
I see three Scenarios:
1.The news that SEC is suing Binance will have no short term aftereffect on the Bitcoin price. The price will recover quickly. This seems unlikely based on negative historical BTC events, which are usually followed by heavy panic selling and bear whale market manipulation. I expect the price to be pushed down lower than here. No Plateau continuation likely.
2. I expect the price to be pushed by the bears, towards the Golden Ratio of the Fibonacci Retracement, at which point we will see a hard support level. At this point, the FUD has been likely exhausted and the bulls are back in play. We might Plateau here for a while at 24-25k (+/-0.3k). High probability scenario.
3. We see more/new FUD, which sends the panic selling into overdrive. The Golden Ratio support does not hold. The BTC price will take a hit and I expect this will push the price down to the low 20k's (+/-0.3k). Unlikely, but possible scenario. Next support level will be at 20 - 17k.
Nailing Bitcoin Analysis: Amidst FUD, SEC,ETF, FEDS and More🔮🎓 Nailing Bitcoin Analysis: Amidst FUD, SEC, ETFs, FEDs, and More 🚀💡
Traders, it's FXProfessor here! We're slicing through the noise of FUD, navigating SEC updates, analyzing ETF flows, and eyeing the Fed's next move, all while my Bitcoin long ideas continue to be spot-on. 🧭📊
In the wild world of crypto, where every headline can stir the pot, staying focused on the facts has been the key to our success. 🌪️🗝️ Despite the fear, uncertainty, and doubt that often clouds the market, our analysis remains a beacon, guiding us through uncharted waters. 🛳️🌊
Let's dive into the ETF developments that are making waves. 🌐📈 The recent data paints a picture of resilience, with overall positive inflows since their launch. The ledger of financial flow tells a tale of alternating currents, with some days in the green and others in the red. 💸🔄
Grayscale's outflows have been dominating the scene, yet there's a silver lining as these outflows have been on a steady decline. 📉🔜 In the ETF arena, Fidelity and Blackrock are the champions, outperforming with impressive inflows. 🏅💼
Despite the skeptics raising eyebrows at the $1 billion inflow over a fortnight, let's not forget this is an unprecedented victory lap for the ETF sector. 🏁🏆 As we know, in the world of crypto, what's seen as a sprint may very well be part of a marathon. 🏃♂️🔄
With a hawkish eye, we'll continue to monitor these numbers, knowing they hold the power to sway Bitcoin's supply-demand scale. 🦅🧮 More inflows translate to a tighter supply on the spot, potentially propelling prices upward. 📊↗️
Stay tuned as we chart this journey with precision and prowess, armed with the FXProfessor's insights. 📚🎩
🏁🚦📈 1-2-3-GO!!!🧐♟️
Keep in mind we had 1 rejection at 48,5k...expecting another one before the breakout.🌟💥
One Love,
The FXPROFESSOR 💙📉
ETFs Flow:
Uniswap Faces Regulatory Heat: Whales Dump $20 Mln Worth of UNI Uniswap, the decentralized exchange platform, is facing a tumultuous period as its native cryptocurrency, CRYPTOCAP:UNI , experienced a sharp decline of 15% following news of a Wells Notice from the U.S. SEC. This development has triggered massive liquidations, with whales offloading millions of dollars worth of CRYPTOCAP:UNI tokens.
Uniswap Price Plunge:
Within hours of receiving the SEC notice, Uniswap's price plummeted by 15%, leading to significant market turmoil. Daily trading volumes surged by over 300%, indicating heightened market activity and investor concern.
Whales in Action:
Top holders swiftly reacted to the news by liquidating their UNI holdings, with whales dumping over 2 million CRYPTOCAP:UNI tokens, totaling $20 million. This mass sell-off further exacerbated UNI's price decline, with significant transfers and sales reported across various wallets.
Founder's Response:
Uniswap founder Hayden Adams expressed frustration over the SEC's actions, emphasizing the potential impact on consumer interests and the broader industry. He anticipates a prolonged legal battle with the regulator, emphasizing the need to defend Uniswap and the decentralized finance sector.
Future Implications:
The ongoing conflict between Uniswap and the SEC holds significant implications for the future of decentralized finance and financial technology. With the outcome likely to shape regulatory frameworks and industry practices, stakeholders are bracing for a protracted legal struggle.
Technical Outlook
Uniswap token ( CRYPTOCAP:UNI ) is trading below the 200-day Moving Average (MA) with a weak Relative Strength Index (RSI) of 23 indicating an oversold territory. Bears have taken control of the market prior to the SEC's probe on Uniswap.
Conclusion:
As Uniswap navigates regulatory challenges and market volatility, the platform's resilience and ability to withstand regulatory scrutiny will be put to the test. The fallout from this episode could redefine the landscape of decentralized exchanges and set precedents for regulatory oversight in the burgeoning cryptocurrency space.
HEX v BTC follow up chart --- inv hunt Volatility funnelWe saw some wild price action even in the past two days on the HexUsd chart
with a wick down to $0.003791
This is not Good obviously
I post not to cause panic
and with as much neutrality as possible
given the fact I know Hexicans sitting in heavy losses.
The usd chart has a bear flag that has already broken to the down side
pointing towards $0.001745
If BTC was to move higher in the opposite direction
We can see this idea reaching it's target
a further -70% loss against Satoshi's coin.
@TheCryptoSniper
$420 on 4/20 for $COIN 🌬🍃💨The BTC halving is officially upon us come April. The amount of positive news around this entire sphere lately has been amazing. I'm shocked how many people I see on here shorting $COIN.
They are about to be custody holders of the SPOT ETH ETF assuming that gets approved by the SEC- whether as a security or commodity. Larry Fink is feeling very confident and Fidelity just applied as well...
Maybe I'm entirely wrong- I recognize this is unbelievably optimistic. But I'm unbelievably optimistic in Bitcoin and crypto currently. And if I'm right, this will be a 4/20 to remember.