I shorted too, but holded till now | ilcobianco on Binance Square

Trending Articles

Bookmarked and Liked

--

I shorted too, but holded till now 

Crypto_Jobs

--

GM team!

never short a PENGU hype 👀💣

I lost some profits made on the precedent pump :/
Im out, got stopped this time! 🔴

Let's work on EPIC setups today again!

#pengu #trading

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

11

0

Explore the latest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

@Square-Creator-665022659

Explore More From Creator

The Emergence of an XRP ETF: Opportunities, Challenges, and Market Implications

--

XRP Price Action & Trend $XRP Current Price: $3.03, down 3.16% in the last 24 hours. 24h High: $3.1540, 24h Low: $3.0143 – showing a relatively narrow trading range. Recent Peak: $3.40, followed by a downward trend. Technical Indicators Exponential Moving Averages (EMAs) EMA (7) (Short-term) = 3.0826 EMA (25) (Medium-term) = 3.0882 EMA (99) (Long-term) = 3.0128 The short and medium EMAs are above the current price, signaling a possible bearish trend. However, the 99 EMA is still below the price, which might act as support. Relative Strength Index (RSI) RSI (6) = 27.38 (Below 30) → Oversold Zone. This suggests that XRP is nearing a potential reversal or bounce. Moving Averages (MA) MA (5) = 27.6M & MA (10) = 28.1M show decreasing volume, which may indicate weakening momentum. MACD (Moving Average Convergence Divergence) MACD = -0.0047, DEA = 0.0047 → Weak bearish momentum. The MACD is negative, which aligns with the recent downtrend. Conclusion & Possible Scenarios Bearish Bias: Price is trending downward, with EMAs acting as resistance. Oversold Condition: The RSI is below 30, indicating a potential short-term bounce. Support Levels: The 99 EMA (3.0128) and psychological support at $3.00. Resistance Levels: $3.08 (EMA7), $3.15 (recent high), and $3.40 (previous peak). Trading Strategy Ideas For Short-Term Traders: Watch for a bounce from $3.00-$3.01, as RSI suggests oversold conditions. For Swing Traders: If XRP breaks above $3.08 (EMA7), it could signal a bullish reversal. For Bears: A break below $3.00 could indicate further downside, possibly to $2.95 or lower.

--

Several events in February 2025 could influence cryptocurrency market prices. #FedHODL 1. Regulatory Developments European Central Bank (ECB) Policy Decisions: The ECB recently cut interest rates to 2.75% to stimulate the eurozone economy and signaled potential future cuts. Such monetary policy changes can affect investor behavior in the crypto markets. THEGUARDIAN.COM U.S. Regulatory Actions: The U.S. administration's support for cryptocurrencies has been linked to market volatility. Any new policies or regulatory changes announced in February could significantly impact crypto prices. REUTERS.COM 2. Major Crypto Conferences Consensus Hong Kong (February 18–25, 2025): Organized by CoinDesk, this event gathers industry leaders, developers, and investors. Announcements or developments from this conference could influence market sentiment. CRYPTONINJAS.NET ETHDenver (February 23–March 2, 2025): A prominent Ethereum-focused event featuring hackathons, workshops, and discussions. Innovations or news emerging from this conference may affect Ethereum and related assets. CRYPTONINJAS.NET 3. Legal Proceedings Bitfinex Restitution Hearing (February 2025): A restitution hearing is scheduled to determine the rightful claimants of recovered Bitcoin from a 2016 hack. The outcome could set precedents affecting market perceptions and regulatory approaches. REUTERS.COM Investors should monitor these events closely, as they have the potential to impact cryptocurrency market dynamics in February 2025.

--

MicroStrategy acquiring more Bitcoin (BTC) means the company is doubling down on its Bitcoin investment strategy. This usually has a few key implications: Institutional Confidence in Bitcoin – MicroStrategy’s continuous Bitcoin purchases signal strong institutional belief in BTC as a long-term store of value. This can encourage other companies and investors to follow suit. #MicroStrategyAcquiresBTC Increased Bitcoin Demand – Large-scale purchases like this can create buying pressure, potentially influencing BTC’s price to rise. Balance Sheet Strategy – MicroStrategy treats Bitcoin as a reserve asset instead of holding cash, which they see as depreciating due to inflation. Stock Market Reaction – MicroStrategy’s stock (MSTR) often moves in correlation with Bitcoin prices, meaning investors may see it as a proxy for BTC investment. If you’re an investor in Bitcoin or MicroStrategy, this could be a sign of bullish sentiment. Do you want details on their latest acquisition?

--

Historical February Performance: $BTC Historically, Bitcoin has often experienced significant gains in February, especially in post-halving years. For instance, in February 2013, 2017, and 2021, Bitcoin recorded gains of 61%, 23%, and 36% respectively. Given that 2025 is also a post-halving year, similar positive performance could be anticipated. BITCOINMAGAZINE.COM Upcoming Events Influencing Price: Federal Reserve Policies: The Federal Reserve's interest rate decisions can impact Bitcoin's price. Higher interest rates may lead investors to prefer traditional assets over cryptocurrencies, potentially exerting downward pressure on Bitcoin. BARRONS.COM Regulatory Developments: The current U.S. administration under President Donald Trump has shown a pro-crypto stance, including the establishment of a working group to review digital asset regulations and consider creating a national Bitcoin reserve. Such supportive regulatory developments could positively influence Bitcoin's price. INVESTOPEDIA.COM Institutional Adoption: Plans like the Czech National Bank's proposal to invest up to 5% of its reserves in Bitcoin indicate growing institutional interest, which may drive demand and support price increases. REUTERS.COM Conclusion: Considering historical trends and upcoming events, Bitcoin may experience notable price movements in February 2025. While historical data suggests potential gains, factors such as Federal Reserve policies and regulatory developments will play crucial roles in shaping Bitcoin's price trajectory.

--

Latest News

Dormant Wallet Converts USDC to WBTC After Two-Month Inactivity

--

Bitcoin Price Movements Could Trigger Significant Liquidations on Major Exchanges

--

Morgan Stanley to Offer Cryptocurrency Trading for E*TRADE Clients

--

Bitcoin(BTC) Surpasses 96,000 USDT with a 1.22% Increase in 24 Hours

--

BOJ Governor Ueda Discusses Potential Impact of U.S. Tariff Policies on Rate Hikes

--

Trending Articles

Bitcoin - Gearing Up for a Break Above Key Resistance!

Trade Cryptocurrency

🚨 MASSIVE XRP WARNING – SERIOUS THREAT TO YOUR FUNDS!

Crypto Journey1

Sam Altman Rolls Out Iris-Scanning Crypto Project World in the US

Trump asks Wall Street heads for a “little bit of time” amid a weakening US economy

$SUI UNLOCK ALERT ❗🚀 Big Moves Coming in May! Suspicious T

Cookie Preferences

Cookie Preferences