As per this article: https://decrypt.co/99704/terras-luna-declines-10-amid-ust-depegging-concern UST and LUNA are in constant pressure and it looks like someone is deliberately trying to depeg UST in order to force Luna Foundation Guard (LFG) to sell their BTC reserve. The massive amount of BTC short positions opened in the last hours together with some weird massive…
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Bitcoin started a strong decline below the $37,500 support against the US Dollar. BTC even traded below $35,000 and might continue to move down towards $32,000. Bitcoin started a strong decline below the $36,500 and $35,500 levels. The price is now trading below $35,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $34,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might accelerate further lower below the $33,500 support zone in the near term. Bitcoin Price Settles Below $35K Bitcoin price struggled to stay above the $36,000 support zone and extended downsides. BTC traded below the key $35,500 and $35,000 support levels to move further into a bearish zone. There was a close below $35,000 and the 100 hourly simple moving average. The price even traded below the $34,000 level and traded to a new multi-week low at $33,700. It is now consolidating losses and showing bearish signs below $34,000. On the upside, bitcoin price is now facing resistance near the $34,000 level. The next key resistance could be near the $34,200 level. There is also a key bearish trend line forming with resistance near $34,200 on the hourly chart of the BTC/USD pair. The trend line is near the 23.6% Fib retracement level of the downward move from the $36,058 swing high to $33,700 low. Source: BTCUSD on TradingView.com The main resistance is now forming near the $35,000 level. It is near the 50% Fib retracement level of the downward move from the $36,058 swing high to $33,700 low. To start a fresh increase, the price must settle above the $35,000 level. More Losses in BTC? If bitcoin fails to clear the $35,000 resistance zone, it could continue to move down. An immediate support on the downside is near the $33,700 level. The next major support is seen near the $33,500 level. A downside break below the $33,500 support might spark another sharp decline. The next major support could be $32,500. Any more losses might send the price towards the $32,000 support zone. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $33,500, followed by $32,000. Major Resistance Levels – $34,000, $34,200 and $35,000.
The amount of ETH staked is still showing signs of investor confidence. Data from blockchain analytics firm Nansen shows daily net profit and loss for all NFT trading smart money addresses. Since April 1, there have been 27 days of profitable NFT trading and nine days of negative returns for Smart Money wallets. Nansen…
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I got into crypto in 2016 pretty casually. Bought 2 BTC for $900, sold them for $1000 and thought I was a genius. Didn’t take it too seriously. After trading them for awhile and doing more research I started thinking crypto could have a really bright future. Then I woke up one day in 2017…
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submitted by /u/Joki_ORodovi [link] [comments]
In 2014, it went from $1000 in December of 2013 to around $200 in December of 2014 one year later. In 2017 it went from $19,000 in December of 2017 to $4,000 in December of 2018 one year later. In 2022 we reached two ATH's but the most recent one was around $69,000 in November…
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We have different insights when it comes to this kind of thing but I still want to know your thoughts. Metaverse projects are being pursued by tech behemoths such as Meta, Google, Microsoft, and Tencent, each with the goal of becoming a major shaping force behind this new digital realm, and every month, new Metaverse…
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The U.S. Securities and Exchange Commission (SEC) has halted a $62 million global cryptocurrency trading and mining scheme and the Department of Justice (DOJ) has indicted its CEO and founder. If convicted of all counts, he faces a maximum total penalty of 45 years in prison, the Justice Department. SEC Halts $62M Global Cryptocurrency Fraud […]
Welcome to the Daily Discussion. Please read the disclaimer and rules before participating. Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could…
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submitted by /u/WSBLebron [link] [comments]
