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LUNA CLASSIC LUNAC Breaking News For LUNA! BINANCE NO BURNS!There was a live AMA just a few minutes ago with CZ of Binance. He just smashed everyone's hopes of off chain burns, and Luna is now dumping. No trader in their right mind would ever trade Luna with that type of burn. Cant steal from Peter to pay Paul. I told you guys this would happen, and if I was you and I was still holding bags, then I would take profits now before Luna dumps down to .00008 and everything is lost. There will be heavy selling coming soon. Once Luna breaks .0002 then everyone will get scared and dump at the same time. Luna burning at the rate its burning now on chain will take 20 years to burn down to 10 billion. If CZ of Binance is not going to support the off chain burns then no one with any decent volume will either. Hype is over, time to move on to the next hype coin! We broke support and next support is down at .00014 on the 4 hour and then .000085. I hope everyone is able to take some profits before this thing hits the floor. They should have named this coin TERROR LUNA for how much its terrorizing people. I wish you all the best of luck. This is not trading advice, this is just my opinions and speculations. Thank you
Short
by Bitgolder
31
DisgustingLuna Classic long side speculators are absolutely disgusting, and unimaginably pathetic. These fools watched a 40 billion dollar market cap collapse to ZERO because of a ponzi scheme mechanic manufactured by Do Kwon, and are now speculating WILLINGLY on a token created by the SAME PERSON. This is sort of like if your business partner stabbed you in the back and stole 40 billion dollars from you, but you decided it would be a good idea to start a new business with the same person just a week later because they promised that "they had changed" and that "this time will be different". Well, I will be the bearer of bad news for you, if you are a "Lunatic" (accurate word). This time is not different. Do Kwon has not changed. Really it is my belief that people are essentially static 99% of the time, and cannot change without absolutely enormous effort. Once a scumbag, always a scumbag. There is zero evidence I can see that Do Kwon has actually changed in any way, or that he won't continue to try and scam his loyal fans. But really the key here is the idea of "Fool me once, shame on you. Fool me twice, shame on me". When LUNC "investors" get rug pulled for a second time, they have no one to blame except themsleves. They knew they were buying a worthless asset that will never produce any value of any form and was created by a serial scammer, and they bought it anyway. They bought it so heavily, that LUNC is now valued as the 28th largest crypto by market cap. To put it into perspective, that market cap is almost half as large as Doge. The difference between LUNC and Doge is that the Doge meme is kind of funny. A little bit funny. LUNC is not funny. It's just sad. It's just pathetic. Really, it's vile. There is no respect shown for those who lost all of their money on LUNA when Do Kwon pulled the rug. This rally dances, shits, and pisses on their graves. In the comments, I am going to hear about some of your narratives. "Burn LUNC" -- WOW! You truly ARE a lunatic. Rational human beings do not willingly burn their own money just for some "group cause". Especially when there is no actual "group" and it's actually just a lot of mercenary speculators who hope to get rich quick at the expense of greater fools. Make no mistake, there is no true loyalty to any "cause" in crypto. Speculators are only concerned with making money. Burning money is the exact inverse of this. If you legitimitely think that any substantial portion of the supply of LUNC will be burned, you are in for a big suprise. "Transaction fees" don't work either, because almost all of the volume for this scam is occuring on CENTRALIZED EXCHANGES. You can't even pretend that LUNC is having a "short squeeze" because there are literally only a few perps that even allow you to short this joke. So the one narrative pushing this heap of dog poop upwards is that there will be some kind of burn event on the 12th. I think this burn event will probably be the "Elon Musk SNL moment" for LUNC. What I mean is, the exact day Elon went on SNL, Doge peaked and never came back. This is because the greatest fool tends to buy into a "news event". In this case though, they are actually buying a total non-event, since this ""burn"" is almost completely irrelevant. This means it's likely LUNC will peak sometime around the 12th. That could mean that it has a little more to go on the upside. We will start to build a small short position, and grow the position if the prices continue to push higher through a DCA. In this environment of low liquidity and a tightening FED, there is no possibility that a stupid unfunny meme of a scam will continue to rise indefinitely. Retail stupidity knows no limits. It's all so tiring.
Short
by bowtrix
70
Terra Classic LUNC Bearish Sentiment Friday the S&P reached its 52 week low, $3636. There is a strong correlation between the S&P and the crypto world. Many stock investors diversified their portfolio into cryptos, especially in BTC Bitcoin and ETH Ethereum . With a bearish stock market in the worst month for stocks and cryptos, i expect most of the cryptocurrencies to trade lower this week. LUNC/USDT short Entry Range: $0.0002300 - 0.0002500 Take Profit 1: $0.0001700 Take Profit 2: $0.0001330 Take Profit 3: $0.0001120 Stop Loss: $0.0002820 previews short signal
Short
by BuySellMarketMaker
1
TERRA LUNA CLASSIC About to Go Parabolic! $.50 Cents IncomingLuna has been on a tear lately. I made a chart back in June showing a cup and handle pattern with a measured move target of about .00055 (ill link the chart below). Luna hit the target and is now in a small consolidation, but I don't think its going to go much lower in this small correction before continuing to the upside. There is a nice rounded bottom pattern that has formed as well and .0006 ish will validate this pattern and a measured move to about $.01 a penny looks very possible and I think possibly in the next couple weeks. There is also a possibility that with the fomo and hype that would hit when Luna actually hits a penny, it will bring in all the skeptics and the blow off could shoot Luna to 25 or even 50 cents. Do not think that can happen? Ask the Doge and Shib doubters how their comments aged when people who literally invested a couple hundred dollars became millionaire over night, literally! Some big things are happening for Luna, and some big players are getting in. Do not forget that CZ of Binance is salty over the Luna collapse. He lost $1.6 BILLION DOLLARS in the collapse. SO what if he has multiple billions, do you know how much a billion dollars actually is? I'm sure he wants his money back and then some and he is going to get it. Do not forget about those wallets accumulating Luna in the trillions a couple months back. What if CZ or some other major holder comes out and says they want to burn 5 trillion coins, its very possible. Vitalik Buterin burned about 40% of the total shib supply suddenly one day and the price of Shib went bananas. Anyways good luck out there and be safe. This is not trading or financial advice this is just my opinion. Thank you
Long
by Bitgolder
39
LUNA CLASSIC HYPE IS OVER FOR NOW >> Target .00013Im sorry guys but Im not very bullish on this chart. This is looking bad to me. Its the same type of hype run and correction is had back a couple months ago. I show that in the chart, that the previous run up from its lows to its high around .00017 it ran about 100% and then corrected down almost 35% after breaking the trend line support but an overall correction of 46%. On this rally Luna did a 500% run and has now corrected down to a similar support trend line as the previous run. The fractals are very similar, and fractals within the same asset usually play out the same too. So on this correction after the break of the support trend-line I predict a drop about 50% from where we are now, and a total of 75% before this correction/consolidation is over. I think that probably around mid October Luna will have bottomed out and starts its next run up. I think the correction on this run will be greater because the rally was also 4 times what the previous one was so the bigger the rally the bigger the correction. So I think .00017 will be a nice level to start buying, there may be wicks even lower to around the .00013 and 14 levels so have a couple buy orders there too. Sorry guys I wish I had better news, but the chart looks terrible and the news isn't that great either for the whole market and Luna specifically. The hype is dying down along with the volume in trading. Also the burns aren't as cool as everyone made them out to be (even I fell for it for a bit) . At the rate of burning now it looks like Luna will burn 75% of its supply in around 15 years. That is not very good especially if you expected a dollar by the end of the year. I don't think Luna will reach a dollar anytime soon, unless we have a major surprise burn catalyst like multiple exchanges burning transactions taxes etc which I don't think is going to happen, or some philanthropist comes out of the woodwork and says they are going to burn 50% of the Luna supply in one shot. I fell for the hype a too but I managed to make 350% on the last rally and I traded the bounces all the way down. There might be a big pump but itll be fast and brief, not sure how high but there is some bullish divergence on the 2 hour. The Daily macd is straight down adn the RSI is headed down as well. This is not trading or financial advice this is just my opinion and speculations. Comment below and let me know which way you think the price goes from here. Thank you and good luck.
Short
by Bitgolder
6
LUNA CLASSIC LUNAC Still In Triangle, W Pattern > Target .00030So the FED spoke, and they said what everyone expected, nothing special. Luna had a nice big wick down, great short entry right before the release, and then it pumped right back to where it was, great quick long entry. Now Luna has formed a W bottom on the 15 minute within the triangle with the measured move bringing it to the same target I said this morning at around .00030. This is not trading or financial advice this is just my opinion. Thank you
Long
by Bitgolder
LUNA CLASSIC > DIGIBYTE POSSIBLE FRACTAL, TOTAL SLAUGHTER!LUNA CLASSIC AND DGB DIGIBYTE HAVE A SIMILAR FRACTAL Back in early 2021 the hype for Digibyte was huge. There were so many videos, you-tubers, articles, Trading View popularity for DGB and what happened? it correct more than 90% from its hype high. Yes I understand that DGB doesn't have a burning deflationary mechanism but the emotion is still there. Im not saying that this will happen with Luna I am just pointing out the possibility. No one thought DGB would drop back down to under a penny when it was at $.18 cents or even 10 cents or even 5 cents, the true believers, the hardcore DGB fans, diehards, kept on with the positive news and sentiment as long as they could. Then they couldn't anymore, and the hardcore fans and true believers sold, then the diehard investors sold. What if the burns for Luna dont go as planned and they have to postpone them, or they are nowhere near what everyone has hyped them up to be? Need to be mindful that this type of hype and fomo usually leads to serious disappointment and depression once its over, and everyone comes back down to earth. Luna went up a lot and in quite a short period of time from its low, and from my experience in this market is, if it goes straight up then it usually comes straight down unless there is some real world adoption, or white swan (my opposite version of black swan). For now there is no real world adoption, the chain is working but is still in the break in period and need lots of work to regain investors trust. Most investors wouldn't touch Luna with a ten foot pole, especially big money, after that collapse and the USDC still un-pegged. I also don't think the burns on trading transactions on exchanges will ever happen, at least not on high volume exchanges, maybe some no name exchange will do it to get in the news. Its too much of a loss for the exchange and no trader with half a brain would bother to trade it with that type of tax. You cant strong arm exchanges and boycott them for not complying with the requests from Luna, its just a bad look. People need to be realistic and patient. Why not focus on real world implementation instead of yelling at everyone to burn the coins, that would really bring the price up as well. Either way Ill be trading this all the way down or if we're lucky all the way up. LIKE, AND FOLLOW ME FOR MORE FREQUENT UPDATES. THIS IS NOT TRADING OR FINANCIAL ADVICE THIS IS JUST MY OPINIONS, SPECULATIONS, AND WHAT I AM DOING. THANK YOU FOR YOUR SUPPORT, I HOPE YOU ALL HAVE A WONDERFUL DAY.
Short
by Bitgolder
12
LUNA CLASSIC LUNAC Trading Within Triangle, FOMC=Direction!LUNA Classic has been trading within this Triangle for a while now. The triangle will resolve I believe today or tomorrow. We will see whether LUNA can break the triangle to the upside or not. There is a couple things going on today like the FOMC meeting and LUNA starting its burns. So here is how that is going to work. The Fed raising rates by 75 basis points is priced in. The burns for Luna are also priced in. If the Fed raises by 100 BP then Luna and the entire market is going to tank for a bit, Luna will probably fall to previous support around .00024 and then we will re-visit. If the Fed raises by 50 BP which is lower than expected LUNA will rally along with the rest of the market, and LUNA might make a run to previous resistance around .00039 and then we will re-visit. If the Fed stays the same and people are happy with the burns then Luna will trade kinda sideways for a bit I think ranging within .00024 and .00029. If the burns start and the math is done to show that it may take many years to reach the 90% reduction that everyone wants then Luna will dump pretty hard regardless of the FED meeting. If the burns show that the supply could fall quite quickly and not take that long then LUNA will probably make a decent rally at least to previous resistance at .00039 and then we will re-visit. On the lower time frame I think we will see a run up from current price around .000285 to the top of the triangle around .00031. Volatility is expanding and the MACD is coiling up to break to the upside on the hourly so this move will happen within an hour once the resistance is broken around .0002905. Please note that Symmetrical Triangle patterns once formed break in the direction of the current trend as a continuation pattern. The current trend is down and corrective, so the chances of Luna breaking down is more probable than an upside break. As you can see back on September 1st when we had that nice pump, a symmetrical triangle formed and it broke to the upside because we were in an uptrend. Also the current Symmetrical triangle has a slight upwards angle which could make it a rising wedge , which is also very bearish and most likely a break to the downside. Thank you all for your support, please like and follow if you appreciate my charts and content. This is not trading or financial advice this is just my opinions, and speculations. I hope you all have a wonderful day. We Broke above resistance at .00029 at time of writing this so a move to at least .000305 - .00031 is imminent.
by Bitgolder
3