SICP, believers are keeping this alive! SICP daily data is showing some gradual accumulation at the current price range -- despite being traded only via OTC.
On the daily, it is creating both higher lows price wise and in histogram. Further bounce maybe expected from the present price range.
Spotted at 0.90
*SICP is fundamentally challenged -- so be guided.
TAYOR
Safeguard capital always.
Silvergatecapital
Silvergate BottomWe've seen massive capitulation and it has formed a harmonic shark pattern in the process.
It will likely go sideways from here initially but generally we already had our first change of structure under wyckoff accumulation.
Its just a matter of time before this fully reverses.
If you missed bitcoin a decade ago, this is your next bitcoin.
Our trigger is RSI trendline break or Wyckoff Accumulation breakout, which ever comes first.
Not a financial advise.
SI Silvergate Capital going to $0???If you haven`t sold crypto`s favorite bank, SI Silvergate, here:
Then you should know that Silvergate Capital Corp, the parent company of Silvergate Bank, announced its closure and liquidation of assets on Wednesday.
Shortly after, New York state banking regulators closed down Signature Bank to prevent the fallout from the failure of Silicon Valley Bank.
Lawyers representing plaintiffs in a class action lawsuit by FTX customers against 18 defendants, including Signature and Silvergate, claim that these events will severely limit the amount of money they can access if they can prove the banks are responsible.
Kerry Miller of Fishman Haygood, whose firm filed the lawsuit in Miami federal court, stated that FTX customers may have to rely on insurance policies covering the banks' top executives and board members since these events impose another hurdle.
Haven`t seen any bidders for it, or other banks supporting SI SIlvergate.
Most likely to file for bankruptcy and go to $0.
Looking forward to read your opinion about it.
Why SI Silvergate Capital Corporation Collapsed ? If you haven`t bought puts here:
Then you should know that last week, Silvergate's stock plunged by up to 45% following the company's announcement that it would delay filing its annual report due to ongoing investigations by various regulatory bodies, including the U.S. Department of Justice.
This led major players in the crypto industry, including Coinbase and Paxos, to sever ties with Silvergate.
The second largest bank serving digital assets companies, Silvergate, announced that it would wind down its operations on March 8.
Analysts attributed the decline to a loss of trust in the crypto industry following the FTX meltdown, as well as concerns raised by short sellers primarily on Twitter.
Silvergate primarily serviced cryptocurrency firms, including FTX, which ultimately failed.
I am still bearish on the outlook of this stock!
Looking forward to read your opinion about it!
COIN Coinbase Crypto Winter in SpringIf you haven`t sold COIN here, ahead of earnings:
Then you should know that following a string of investigations and lawsuits against it, Silvergate Bank, a prominent lender to cryptocurrency firms, lost five key partners on March 2.
Coinbase, Paxos, Gemini, BitStamp, and Galaxy Digital were among the notable crypto firms that previously relied on Silvergate as their banking partner.
As a result, Coinbase ended its relationship with SI Silvergate and turned to SBNY Signature Bank, which i also believe it can drop significantly in price.
In my opinion, we are about to witness a Crypto Winter in full Spring.
COIN Coinbase could easily reach $53 by the end of this month, according to the Fibonacci retracement tool.
Looking forward to read your opinion about it.
SI Silvergate Capital Corporation Options Ahead of EarningsLooking at the SI Silvergate Capital Corporation options chain ahead of earnings , I would buy the $12 strike price Puts with
2023-1-20 expiration date for about
$1.05 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
