In the images below, you will see a percentage chart of ownership by holders both of the old #bnx which then became $FORM and the current ones.
Of course, the capitalization has changed as well, but it is important to observe especially the difference in ownership between the "whales" who previously held almost 97% of the currency.
As of today, the difference has changed a lot; certainly, the movement of 9 million dollars of the currency in these days has negatively shaken the situation of FORM, but if it had happened earlier, when everything was in the hands of the whales, it would have been worse, much worse.
The recent collapse of the cryptocurrency market has been influenced by various factors, including geopolitical and macroeconomic events š. One of the main causes was the imposition of new trade tariffs by Donald Trump, which shook global financial markets and led to a flight towards assets considered safer š¦.
Additionally, the response of Canadian Prime Minister Justin Trudeau, who announced retaliatory measures against Trump's tariffs, further complicated the situation and fueled uncertainty in the markets š¤. This led to a decline in the price of Bitcoin and other cryptocurrencies š.
Other factors that contributed to the collapse include:
- *Negative economic news*: the rise in interest rates due to inflation has discouraged investments in cryptocurrencies š - *Crypto market events*: exploits of DeFi protocols and stability issues in some ecosystems led to loss of confidence and a drop in prices šØ. - *Risk tolerance*: investors with lower risk tolerance have been more likely to sell their cryptocurrencies in the event of a collapse šø.
It is important to note that the cryptocurrency market is known for its volatility and that prices can fluctuate rapidly š. Therefore, it is crucial to maintain a long-term perspective and avoid making impulsive decisions based on short-term events š.
#Alertš“ The recent collapse of the cryptocurrency market has been influenced by various factors, including geopolitical and macroeconomic events š. One of the main causes has been the imposition of new trade tariffs by Donald Trump, which shook global financial markets and led to a flight towards assets considered safer š¦
Additionally, Canadian Prime Minister Justin Trudeau's response, announcing retaliatory measures against Trump's tariffs, further complicated the situation and fueled uncertainty in the markets š¤. This led to a decline in the price of Bitcoin and other cryptocurrencies š.
Other factors contributing to the collapse include:
- *Negative economic news*: rising interest rates due to inflation discouraged investment in cryptocurrencies š - *Crypto market events*: DeFi protocol exploits and stability issues in some ecosystems led to loss of confidence and price drops šØ. - *Risk tolerance*: investors with lower risk tolerance were more likely to sell their cryptocurrencies during the collapse šø.
It's essential to note that the cryptocurrency market is known for its volatility, and prices can fluctuate rapidly š. Therefore, it's crucial to maintain a long-term perspective and avoid making impulsive decisions based on short-term events š. $BTC
š“Rising Wedge - Structure: Prices form higher highs and even higher lows, creating an upward-sloping convergence. - Implication: Generally bearish. It often appears in uptrends and breaks downward, signaling a potential reversal or pullback.
š“ Falling Wedge - Structure: Prices form lower highs and lower lows, creating a downward-sloping convergence. - Implication: Typically bullish. It commonly forms in downtrends and breaks upward, suggesting a possible trend reversal.
Key Notes: - The breakout usually occurs in the opposite direction of the wedge slope. - Volume tends to decline during formation, confirming the pattern's validity. - These patterns apply to crypto, stocks, and forex markets. #Binance
The Double Top and Double Bottom are reversal patterns used in technical analysis.
The Double Top appears after an uptrend. The price reaches a high, pulls back to the neckline (support), then rallies to a similar high but fails to break higher. A confirmed bearish reversal occurs when the price breaks below the neckline. The expected downward move is roughly equal to the distance from the tops to the neckline. Traders enter a short position after the breakdown, with a stop-loss placed above the second top.
The Double Bottom forms after a downtrend. The price hits a low, bounces to the neckline (resistance), then drops to a similar low but holds. A confirmed bullish reversal happens when the price breaks above the neckline. The expected upward move is roughly equal to the distance from the bottoms to the neckline. Traders enter a long position after the breakout, with a stop-loss placed below the second bottom.
Key differences: - The Double Top is bearish and forms after an uptrend, while the Double Bottom is bullish and forms after a downtrend. - The Double Top has two peaks with the neckline as support, while the Double Bottom has two troughs with the neckline as resistance. - The Double Top confirms with a breakdown below the neckline, while the Double Bottom confirms with a breakout above. - The entry for a Double Top is a short trade, while the Double Bottom calls for a long trade.
Both patterns require a neckline break for confirmation, and volume analysis can help validate the strength of the reversal. #bitcoin
I only see people crying for having 'lost' money, and most cry for having lost money worth a couple of socks.. It is clear that someone convinced you to enter this world with the certainty of becoming rich, deluded. Before investing, I was a gambling addict, I used to gamble so I was used to losing, there were days when I was really under pressure. I also lost quite a bit of money in crypto, more than I could afford. They are two different worlds, it's true, but they have something in common: 1. Some days you win and some days you lose. 2. Do not invest what you are not ready to lose.
One last thing, if you never fully understand point number 2, close the account and spend the money on groceries at home. #BSCUserExperiences
Critical Technical Indicators - Moving Averages: - MA7 at $86,212 (immediate resistance) - MA25 at $84,824 (first level to surpass) - MA99 at $93,857 (key long-term resistance) - RSI: Not specified but the 3% drop on sustained volume suggests possible oversold - Supports: $83,533 (today's min) and $80,522 (next major support)
Market Dynamics - Clearly bearish trend: - Negative performance across all timeframes (today -0.59%, 90 days -11.78%) - Only the six-month horizon remains positive (+27.79%) - "Lower highs" structure: - Decreasing highs (MA99 > MA25 > MA7 > current price) - Volume MA(5) at 3,144 BTC vs MA(10) at 3,125 BTC: slight increase in selling pressure
Order Book and Liquidity - Demand/supply imbalance: - 66.56% sell orders vs 33.44% buy orders - Minimum bid-ask spread: $83,937.99 - $83,938.00 - Key levels: - Resistance: $85,631 (aligned with MA25) - Psychological support: $83,500
Operational Scenario 1) Base Case (60% prob): - Consolidation between $83,500-$84,800 - Wait for MA25 test for trend confirmation 2) Bear Case (30%): - Breakdown at $83,500 ā target $80,522 - Volume above 5k BTC would be confirmation 3) Bull Case (10%): - Bounce above MA7 ($86,212) with volume >4k BTC - Short squeeze towards $87,000
Immediate Monitoring - Reaction at $83,500: bounce or breakdown? - MA7/MA25 convergence: potential "death cross" - SEC/ETF updates: possible catalysts
Short-Term Advice - For holders: wait for support tests before buying - For traders: consider short only below $83,500 with stop-loss at $84,900 - Watch for: - RSI/price divergences - Sudden changes in the order book
The chart shows a clearly downtrending market, but with possible signs of oversold.
I read many of you saying that you've lost money.. Did you lose your coins? Did you sell at a loss? If the answer is no then you haven't lost anything. The market goes up and down, as long as you have your coins you haven't lost anything, it can return to the profit price or even beyond or it can go down even more. Don't confuse being down with having lost "everything".
In my recent posts, we have delved a bit into the discussion of patterns, etc.. Of course, it should be emphasized that the market cannot be controlled; unfortunately, it cannot be predicted how it will go, you can only minimize risks.
Another thing to highlight is that there are various ways to try to read the market.
Many trading professionals use the most impactful news to try to understand the market trends; in fact, many use only and exclusively this type of method. Political news, atmospheric conditions, tragedies, etc.. Any global news that may alter events in investment markets.
Many others, however, use only and exclusively the patterns and everything that is behind studying the charts.
From experience, doing both proves to be the best and most functional method.
But remember, in this world, there are those who win and those who lose; not everyone will ever win, and not everyone will ever lose; to win, someone must lose, and vice versa.