#XSuperApp Y returning to the topic, do billionaires know something that is making them adopt cryptocurrencies like crazy? Bitcoin ETF, a new trading app on X... So far, only Warren Buffett has shown opposition to them, and he must have his reasons... But it raises the following question: Will the United States allow the dollar's dominance to be taken away? He doesn't believe it, just like he doesn't believe that the class struggle is being won by the rich. (how pretentious)... Returning to the topic, if the platform allows it, it should have a P2P market, its own currency, DeFi for decentralized finance, and if possible, games... It should be simple, something like Trust Wallet.
#PowellVsTrump If anything has been proven, it is that tariffs have had some impact on the economy, more psychological than real. But with Trump, nothing is certain, and he has proven to be unpredictable, which creates a lot of discomfort in the market and makes Powell decide that he needs more data to lower the interest rate. It is not surprising that Powell contradicts Trump with a debt that reached 37 trillion dollars, that is, 37000000000000 dollars; it is hard to believe that quantitative easing or money printing plus a liquidity injection will push inflation up again. And there will be no way to stop this bubble; it will be a Lehman Brothers but on steroids. The healthiest thing Powell can do is maintain interest rates, but then it will reduce employment and the dollar will be less competitive... We still need to add the housing issue.
$BTC From here it should rise but... I don't have much hope yet, there is an RSI of 27 and as I said before, the sentiments about the war will unleash a sharp market drop... Well, Iran will not back down and Trump along with Pompeo, who started the game with the assassination of Soleimani and after so many leaders, there will be no consideration from Iran to yield... What can Iran do? Give up its nuclear weapons and continue its drone and ballistic missile program, which are already to be feared. I believe only the Iris T or the THAAD could theoretically stop them, but even Israel's lasers are now no defense against ballistic missiles. Now, with all this tension, there will always be someone who wins, some petro-monarchies or oil producers that will meet the Iranian demand, which is not small... Some Think Tank has said something, I don't know. Iran is not Russia, but it has the same tactics and the sanctions do not work. I believe Netanyahu calculated wrong. And the markets are going down ↘️ due to such foolish decisions.
$BTC So far the 20-day EMA is above the current price and the RSI is negative, I can't say it's anything good. I believe that for this month Bitcoin needs to establish a support where it is. I don't know, but I think for now the bears are in control, and the external outlook doesn't look very good, with the whole Middle Eastern crisis. The stock markets, SP 500, have been oscillating downwards, and what is happening is far from normal. Iran may demonstrate sanity to other countries and accept an agreement with the EU, but that is a slap in the face to the interests of many Iranian radicals for the damage Israel has caused, and revenge is what is on their minds... This will be the same as Ukraine. Russia has no moral ground to demand that Iran moderate itself, as it is waging a war... In the meantime, the market is being deceived into thinking there will be negotiations when the EU has been more in line with the US, despite being at odds in politics. The uncertainty generates that BTC is seen as a refuge if and only if.
#USNationalDebt 37 trillion... It sounds easy, but if you come from LATAM or Asian countries, you will see how owing someone such an amount is enough for your credit quality to decrease, panic to erupt in the currency market, and the economy to be destroyed via inflation rise, as we have seen in the crisis of Asian countries when they requested loans, when Venezuela defaulted on bonds, or when Argentina stopped paying bonds, or in some way trust was lost... The question here is how much is the limit for the United States, and who will pay such a debt if only the interests are being paid and it is never paid off, but rather the day will come when all fiscal revenues will pay the debt. What will happen then? Is this the reason why so many enthusiasts from Trump's Republican wing, Elon Musk, and now Wall Street want cryptocurrencies? And will it be enough to safeguard our savings? A Lehman Brothers event has already occurred; this new one may take down the Federal Reserve as well...
#XSuperApp Mira, the innovative aspect of the topic with Exchanges is security. Usability is already there, and there is everything. I don't know how I would integrate it as an exchange, to be honest, since Twitter was conceived as a network for public figures. The topic of cryptocurrencies has a lot of acceptance from political figures, and I relate it back to my previous post—why are certain billionaires accelerating cryptocurrencies? Tucker Carlson and many senators from the radical wing of the MAGA Movement are going crazy as if it were Bukele...? It truly intrigues me... Well, to stay on topic, I first think of security, that it should be decentralized and have spaces for currencies from all countries without exception, and of course, it should prevent money laundering in front of organized crime... Unless they want to take it to a tax haven, which is better the more it comes in.
$USDC Circle Dollar one of my favorite cryptocurrencies I have talked quite a bit about it, remember that Tether and Circle are two stablecoins that simulate the dollar but Tether has more acceptance although it does not fully back its dollars. Circle does, in addition to offering here on Binance an accumulated interest of 10% for holding it in Earn wallet. I recently saw a post about its acceptance and it raises doubts for me because a certain sector that is usually supported by the Democrats, like the tech industry, is getting involved with a radical wing of the Republican Party. As if they were expecting something to happen to accumulate and promote its use in Congress. I am not one of those who believes that the dollar will lose influence. I do not believe in fairy tales. But the high U.S. debt has to be paid, and I fear that a new crash is what these plutocrats are waiting for... This is an opinion, not that it is the truth.
#CryptoStocks One wonders what is the appeal for many hardline Republicans like the Freedom Caucus in the enthusiasm for cryptocurrencies if many millionaires like Warren Buffett or Jamie Dimon are critical of it? It seems to be rumored among them is the enormous concern about American debt and a new Lehman Brothers, otherwise I can't explain how many Republican senators from Texas, Colorado, and Arizona approve ETFs or Bitcoin reserves. Now, the company Circle backs 1:1 its dollars and has many advantages over paper dollars, in addition to the fact that you can maintain certain anonymity with complete security depending on the exchange... I still have my doubts. Don't you?
#PowellRemarks Powell has been cautious with the rate cut, which will lead him and the FED officials to delay lowering interest rates as it seems that the inflationary spike from last time was very serious. Lowering rates implies having a weaker dollar, more accessible loans, and a way for some on Wall Street to become more indebted. On the other hand, the situations occurring in the Middle East indicate a rise in oil prices. Therefore, this translates into a clear inflationary spike combined with tariffs.
$USDC A Stablecoin that I would recommend for those who cannot find a way to buy foreign currency. Many countries in the midst of a crisis restrict the sale of foreign currency. This Stablecoin has its parent company in Circle. This company has the credibility that its assets are backed 1:1 for every issuance of 1 dollar, Circle has 1 in physical form. Highly recommended for those who do not want to take risks and want to generate passive income. On Binance Earn, you can hold your USDC generating income with an APR of 10%.
$BTC For now, rising at a global event not very good, and that is that cryptocurrencies are very volatile for moments like this; their behavior should stabilize or seek the old maximum. Beyond that, I don't know; these are critical moments that Warren Buffett likes.
#IsraelIranConflict What to think about this. This is not a football match, it is not a movie, it is people killing each other. There are those who believe that Jerusalem should only be possessed by the children of God and others who believe it should belong to Muslims. A Holy War then. There are reasons on one side, the historical claims of the Arab population on one hand and the drive of some Israeli elites that everything belongs to them. The situation in Gaza is separate; we will never forget the German girl who was taken as a trophy, nor the bombings by some soldiers and high command of Israel... Never minimizing war should be part of a person's judgment, at least that's how I see it. There are those who claim that many wars in Africa are forgotten by the media, the number of migrants arriving in the Mediterranean is evidence of this. Islam is a culture that can exist alongside Christianity and Judaism, no one should have to kill for it. But these are the fleeting thoughts of someone who believes that many oil-producing countries will benefit and there will be interests to escalate the conflict.
$ETH In my humble opinion, ether will drop a little more and then we can rise to 3000. The recent escalation of war will last for a while and there are reasons for it to be prolonged. Living to the point, if you see the red candle on the chart, it seems to be seeking liquidity downwards to start aiming upwards towards the highs.
$ETH The moment is brutal, these lines are crossing the limit even when I said I was bearish or that Ether would lateralize; it still has momentum and will seek liquidity levels, but here it goes with an RSI in the 70s. Maybe if I'm lucky 🍀 it will go down and give me a short... If not, congratulations to everyone who bought long and Ether is on its way to 3k and beyond...
#TradingTools101 The RSI is one of my favorites, I combine it with the MA; they are not always infallible. The MACD also helps a lot to see the strength of the bearish and bullish movement. One must take into account the organized liquidity ranges: Value Area Low, Value Area High, and distinguish the consolidations of ranges. Sometimes the ranges can break out momentarily, touch liquidity, and wipe out positions. For example, at the moment, Ethereum is at a ceiling of 2830; if it breaks it, one could be sure that it will reach 3000 today, which personally I doubt, as it needs to regain liquidity or consolidate.
$ETH Ethereum breaking historical highs, touching the ceiling of 2800 obviously the RSI above 70 a bit overbought and passing all the EMAs. The Long/short positions have taken profit and have decreased for now, but there are still more high positions on the main trader's list. There are futures contracts expiring today with over 3,000,000 dollars in contracts expiring today. A low liquidity is expected, which will be seen at a ceiling or in a possible not-so-drastic drop. The altseason shows signs that it has started.
$BTC It seems that we are reaching historical highs, touched bottom for a moment. Will it be good for Altcoins? It should be when it stabilizes or not when it rises. Bitcoin may now be heading for slight increases and support. Or perhaps the discussions between China and the USA will motivate it. To be honest, I see it as fragile. China could make a decisive move, there are reasons for them to continue negotiating with the USA after all that has happened... For the moment, Powell will have no choice but to lower rates, so the ties are being tightened.
#USChinaTradeTalks A light at the end of the tunnel? A breath for those who exchange goods and services? A truce? Or pure smoke from which few benefit? Who could certain tariffs benefit? A tool to twist the political will of a country? Or a guillotine that will end the American economy as we know it today. The debt of the US is large and China's is equally so. Both owe each other, there are no good or bad here, but leaders who, beyond bending their arm, must follow their nationalist ideals even at the cost of the citizen.