cassius_trade

Recently, most analysts and other investment channels are happy that the Fed has finished raising rates and will supposedly soon move on to lowering them.
Their logic is linear and understandable:
High key rate -> expensive loans.

And expensive loans are already serious: consumers have less money -> companies earn less -> companies save more -> they fire employees -> consumers have less money…. and then again in a circle.

We hope everyone had a good rest this weekend and are ready to start the new work week.
Last week, most cryptocurrencies closed in the green zone, and on the US stock market, almost all shares included in the sp500 index turned green.

It turns out that investors turned on the full RISK-OFF mode and began purchasing heavily oversold assets.

The last two months have seen an unusual phenomenon - a complete loss of correlation between $BTC and US stock indices. The SP500 index is strictly following our scenario and we thought that the same would happen with Bitcoin.

In past years, BTC clearly followed the Sp500 and Nasdaq, but at some point this connection disappeared and BTC began to grow. This is clearly visible on the chart, which displays the SP500 index and the BTC price chart (orange line).

While the crypto market is stagnant, there is very low volatility and nothing is happening at all, it makes sense to speculate in other assets. $BTC stupidly frozen in one place.
Today we will look at gold. 3 months ago we posted analytics on this asset and now the price has reached the levels we expected. Which means it's time to update the forecast.

As you may have noticed, in our analysis we very often use the simplest indicator of technical analysis - moving averages.
This indicator has been used for over 70 years and is still one of the best indicators on the market.
The logic of this indicator is to average price values ​​over a certain period.

Yesterday we deliberately did not read any media and did not open charts, so as not to make mistakes due to emotions.
Today, after reading the news about the approval of the ETF, we were quite surprised that Bitcoin $BTC did not react to this event at all.

But in general it is quite easy to explain:

In the post on trading ideas on $EOS , we wrote that in the current market, any thin positive news feed can push the price up.

For example, you can look at the IOTA coin, which shot up +68% in a few hours amid news about the IOTA project launching a $100 million fund for the development of the ecosystem.

Imagine the situation if there were only two computers on our planet (this was once the case).
It is unlikely that this was somehow valuable for humanity.

But now 10 people have this device - it can already be used somehow.

1000 people have a computer - many do not understand what it is and begin to ridicule or criticize it.

Not many crypto projects can boast of constant growth in their user base and turnover of funds within the network. From a fundamental point of view, it is precisely such projects that are truly interesting as trading ideas. Today we’ll look at a project like Uniswap and in this article we’ll figure out what kind of project it is and when you should start buying a token of this project.

Most of the crypto market assets closed the weekly candle in the red zone, and only a few projects closed in the green zone.

The fear and greed index is at neutral levels, indicating investor uncertainty about future movements.

And Bitcoin once again failed to close the weekly candle above the long-term moving average MA200w.

Tomorrow, September 13, there will be a hearing on the application of the bankrupt FTX to sell tokens from the balance sheet to pay off its debts.
If this application is approved, then bankrupt FTX will sell tokens totaling more than $3.4 billion on the market.
FTX representatives have already stated that they plan to sell cryptocurrencies from their balances in the amount of up to $200 million every week.

Friends, we would like to congratulate you on a significant event - a full-fledged breakdown downward of the 6-year ascending channel of USDT dominance on the weekly timeframe! 🎉

This means that investors are entering the market to the maximum and all liquidity from USDT will now very actively flow into cryptocurrencies.

In 2023, there are still people who do not know what cryptocurrencies and Bitcoin in particular are. Also, there is a certain caste of people who have a very negative attitude towards this type of asset and call it all a pyramid or MMM. Let's figure out what are the pros and cons of cryptocurrencies compared to the stock market.

Without further ado, let’s immediately move on to a review of the 3 coins with the highest trading volume for the week. For a more accurate picture, we use a 3-day timeframe.

1. $ADA

The coin came out of the 419-day sideways trend upward, breaking through the key resistance level of $0.42 and the level of the profile volume. The coin has a Golden Cross pattern.

Last week we said that until Bitcoin breaks $71,000, our priority scenario would be to continue trading inside the sideways/bullish flag.
BUT Bitcoin has successfully broken through the sideways/bullish flag upward and is making attempts to consolidate higher.

As we found out in the past 👉

Read

How quickly people's moods change. Literally 2 months ago everyone was buying the market at a high, and now everyone is in a panic selling their assets at a loss.

In past posts, we have repeatedly explained that in the future the market will do everything to take your positions.
This is especially true for positions with leverage from which the market has finally been cleared, and this can be seen from the liquidations, which during the current collapse amounted to only $480 million🩸

Over the past 4 weeks, the market has seen a massive shakeout of alts, even the most skeptical traders. Some alts managed to fall even under their historical levels of 2017!
And all this against the backdrop of Bitcoin falling by only -10%.

But coins of eternal growth are in no hurry to fall and give a strong rebuff to the seller on the market

3 months ago, you and I earned $LTC on this coin due to the halving, where we calculated the peak of growth and the beginning of the fall of the coin with an accuracy of the day.

After this deal, we wrote that after halving the coin would eventually reach $45-60 per coin.
📉As a result, the price reached this mark having lost a little less than -50%.

For some reason, most people are interested in this particular SAND coin. Let's figure out what interesting things can await us there.
The project is a game on the blockchain. The game is terribly boring and at its core is just a metaverse with not much to do.

The hype about metaverses has long passed, but a check of site traffic showed that more than 500,000 users per day consistently visit the site of this game and this figure is growing monthly. This means that the demand for coins for purchasing in-game items is also logically growing.

Previously, we have repeatedly said that our expectations in the medium to long term are exclusively bullish and the market is now only at the initial stage of growth.
At the same time, in the short term, during this or next month, we expect a serious correction, the purpose of which is to take assets from weak hands.