Since January 17, companies associated with these billionaires have lost a total of $1.39 trillion in market value. Since Trump took office, the S&P 500 index has fallen by 6.4%.
What do you guys think about this market crash? What or who caused this bs?!
According to statistics February is a successful month for bitcoinš
Only twice in the history in 2014 and 2020 $BTC closed this month in red zone.
Itās certainly not November or October, but itās still a very promising monthšµ
We will closely monitor how is it going to work this time. In the meantime, bitcoin continues to flute at its maximums in an attempt to pass the resistance levels at around $110kš
FTX PAYMENTS ARE ALMOST HERE TO PUSH THE MARKET UPš
Couple days ago I received this email from ftx exchange.
In short: Confirmation of reorganisation in connection with bankruptcy - the date of entry into force of payments - January 3, all conditions are met. Payments will continue.
Everyone who lost their money on the exchange scam and applied will get their money back.
What does it mean for market?
Well, $1.2b will make some good changes in current market situation. So that, the first installment will take place after 20th of Januaryš
So what can we see now on the chart?! $BTC has grown rapidly and then fell down and quickly bounced back š
Market makers on bitcoin donāt want you to earn money from long/short positions. So that with these moves they have liquidated most of the high leveraged tradersš¤·š¼āāļø
As I have mentioned before I have opened orders at around $90k. Thus, Iāve bought more bitcoin during this squeeze. Now I have position with an average price ~$82k which is in good profit alreadyš
What have you traded this time? Have you opened new positions or bought more?
This pattern is formed when an asset's price creates a low (the āleft shoulderā), followed by a lower low (the āheadā), and then a higher low (the āright shoulderā)š¤
Do you think itās time for $BNB to rise and shine?š
I bought some with an average price $540 and now is watching for a breakout of resistance level at $600 (neckline).
Letās see what happens next. Hopefully, we will reach our target at $650šÆ
Just sold most part of my short term position on BTCš°
On 1-hour timeframe we can now observe rising wedgeš¤·
KEY TAKEAWAYS šøThe rising wedge is a technical chart pattern used to identify possible trend reversals. šøThe pattern appears as an upward-sloping price chart featuring two converging trendlines. šøIt is usually accompanied by decreasing trading volume. šøWedges can either form in the rising or falling direction. šøA rising wedge is often considered a bearish chart pattern that indicates a potential breakout to the downside.
Am I the only one who can see this huge bullish pattern on $BNB ?!š
šøOn a daily timeframe we can now observe ascending triangle that has started to form in March 2024. It took almost three months to create this pattern š
šøNow as volumes drops and RSI is at around 60 we can expect breakout and continuation of uptrend š
šøPlease have a look at the second picture. You can find some interesting and useful chart patterns thereš¤