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Decoding the Crypto Market Dump on August 17, 2023Introduction: The crypto market encountered a significant downturn on August 17, 2023, leading to substantial drops in cryptocurrency prices. This article delves into the potential reasons behind this market event and offers insights from various angles. Possible Factors Behind the Crypto Dump: 1. SpaceX's Bitcoin Sale: According to the Wall Street Journal, speculation arose that SpaceX, owned by Elon Musk, might have sold its $373 million Bitcoin holdings. Given Musk's influence on the market, such a move could have triggered a cascading sell-off. 2. Regulatory Strictures: Global regulatory actions tightening the noose on crypto activities (e.g., banning mining, trading, and payments) have impacted market sentiment. These measures curtailed demand, liquidity, and escalated investor uncertainty. 3. Technical Glitches: Major crypto exchanges, including Binance and Silvergate, experienced technical glitches and outages. These disruptions could have sparked panic-selling and margin calls, eroding trust in the crypto ecosystem. 4. Emotional Market Sentiment: Psychological factors such as fear, greed, FOMO (Fear of Missing Out), and FUD (Fear, Uncertainty, Doubt) played a role in amplifying the market's volatility. Shifting sentiment from fear to greed, and now neutrality, underscores market instability. 5. External Shocks: Broader economic conditions and events like the Covid-19 pandemic, inflation concerns, fluctuating interest rates, and geopolitical tensions influenced demand for alternative assets. This likely altered investors' risk appetite and asset diversification strategies. Conclusion: The August 17 crypto market dump stems from a complex interplay of factors, including potential SpaceX Bitcoin sales, regulatory interventions, technical disruptions, emotional sentiment, and external macroeconomic shocks. While these insights provide a comprehensive understanding, remember that this analysis isn't exhaustive, and other variables could have contributed. This article does not offer financial advice; thorough research and analysis are vital for making informed investment decisions. If you have further questions, feel free to inquire. 😊
Long
by Gerdazi
it's time to going down for DOGEUSDTbefore buying, please check for being sure about your opinion about this CRYPTOCURRENCY!!! (in every target you want closed the position but our target is the third one) be rich... and doing and living in the best quality *-* (Guy's the entry place is importance things in enter in a position and be careful do not going up your leverage over 7x ,all things it's about risk management) ************************************************* if you want to enter in this position: Enter Price: when candle crossing down our trend line with a good body Target1: 0.07364 Target2: 0.06846 Target3(Final Target): 0.06600 Stop loss: 0.08074
Short
by MakingMoney444
4
TWT/USD Main trend. Huge triangle (like BTC in 2020)Logarithm. Time frame 3 days. Main trend. Linear, to show the trend and formation by removing the “market noise” (squeezes). Coin in coinmarcetcap: Trust Wallet Token(TWT) A huge symmetrical triangle has formed. Similar to the BTC/USD crypto market brand in 2020 before a super takeout of over -40% (03 2020) and subsequent super price rise of over +518% Was doing the idea of learning/trading on reversal zones at the time by showing this triangle formation (previously posted this triangle 1.5 years before it formed). It simply had to be formed before the market reversed, previously squeezing out all the “smart” and stupid passengers, first of all the first, but very docile ones. Trading by trends and important areas using the example of BTC Super price drop 03 2020 Will this very promise crypto coin from Binance + DOGE + twitter + Ilon Musk position have the same “instant” super price drop by squeeze (whole market under world events) or a smooth working from triangle targets with base over 400%? I can't know, and no one knows. Including those with price influence. You don't need to know that to make money. If there will be a reset of passengers like in March 2020, take your chance, don't be afraid and don't be greedy. The pivot areas are shown in yellow. Maybe a triangle may work out according to the classic TA. The price is now at its resistance. Read my articles about working with a breakdown and pullback after a breakdown and how to limit risks and protect profits. Trading will not be something risky and unpredictable for you. Everything is about what/which you are here and now (experience and knowledge), not guessing the price movement. Limit your risks, stay out of the market early, protect your profits, be prepared not only for your more likely scenario, but also for the less likely one. It's worth noting that the twt/btc price is at specific XXX. I have attached my previous TWT ideas below, take a look. There's a couple to BTC there. Locally, the pivot zone and resistance of this big triangle. The time frame is 1 day. PS . Forget for a long time about margin in large positions. Applies to all cryptocurrencies. You will be happy, calm and profitable, unlike "others".
by SpartaBTC
18
FLOKI/USDT "Football MEM". Elon Musk. Main trend.Logarithm. Main trend. Timeframe 3 days. Pamp/Dump one click “play” at will (low liquidity). Phantom Squad. PR campaign . Elon Musk and tweets about a dog with a similar name. Several soccer teams (Spartacus, Napoli, Cadiz, Kerala BlastersFC ..... Just a reminder that the World Cup is coming up. Other marketing PR campaigns, for example in Dubai and London. Football PR company FLOKI . The 2022 FIFA World Cup is the 22nd FIFA World Cup, the final part of which is to be held from November 20 to December 18 2022 in Qatar (if not cancelled). Musk's marketing dog squad . It is quite possible that after pumping DOGE and SHIB, the turn will come to this “growing dog” of Elon Musk. Let me remind you that the maximum peak of pumping was because of one trivial post of Musk with a picture of his dog named FLOKI. The greed and stupidity of society is astounding, Since then, the price has dropped by -98% of the highs! Because of the liquidity of slippage prices can be by any percentage, hence, work a grid of orders at resistance levels and don't get greedy. Furthermore, you must realize that because of the same liquidity, the market goes down to “purgatory”, so FLOKI might as well go “to hell”. When working with such coins with such liquidity, be aware of the risks. Secondary trend Posted earlier before double bottom formation, but all zones and levels are relevant. FLOKI/USDT Local Trend. Clamp Zone . Local Work . Pivot zone. Rebound after breakdown of the average price level 905. Re test. Because of the low liquidity of trades, both pumping and dumping can be at any percentage, this needs to be understood. Use it and don't be greedy. Linear chart The same parameters. The time interval is 3 days. The smaller take profit percentage you set, the more you will earn on the distance.
by SpartaBTC
38
TSLATitle: Bullish Momentum on Tesla Shares Backed by Smart Money Analysis Description: In this Trading View idea, we delve into the analysis of Tesla shares and their recent price movement, utilizing the Smart Money concept to provide insights into the bullish momentum observed in the market. Smart Money Concept: The Smart Money concept involves analyzing the activities of institutional investors, hedge funds, and other large players in the market. These entities often have access to more comprehensive information and resources than individual retail traders, making their actions and positions crucial indicators of market sentiment. Bullish Signals: Our analysis reveals several compelling bullish signals for Tesla shares: Considerations: While the Smart Money concept and other indicators suggest a bullish stance, it's important to remain vigilant and consider potential risks. Conclusion: Incorporating Smart Money analysis into our assessment of Tesla shares reveals a compelling case for a bullish outlook. However, traders should exercise caution, conduct their own research, and manage risk effectively before making investment decisions. As always, market conditions can change rapidly, and it's essential to stay informed and adaptable.
NASDAQ:TSLALong
by Asif_Brain_Waves
Fake Elon Tweet to Pump Hex?Pulse chain launch was an obvious buy the rumor sell the news event for hex as it clearly began to plumett within mintues of launch. Personally I am far from a hex maxi and find little to no use for it. At the end of the day it has a chart, community of supporters, and past explosive style price action. At this point it is CLEARLY not a scam there is just little to no need for it in the real world like many other coins. Extremely HIGH RISK / Reward environment. Currently there is a tweet from elon musk responding to a statement metioning a "hexidecimal" where elon responds jokingly with "I have a fondness for Hex". Clearly a joke statement mimiking another three letter word spelled nearly the same. Regarless Richard Heart was able to swoop in an take advantage with a response of thank you sparking a retweet frenzy as though elon was tweeing in support of it. Congrats hexicans lol. Looking at a 4hr line chart it appears to be forming a possible cup and handle with very large swing trade ranges. Not trading advice just an observaton. Trade accordingly if you choose.
by Degen-Dynasty
DOGE : NEXT UNEXPECTED BREAKOUT? $0,13The trend shows an interesting view for Doge. The big question is if Doge is going to break out unexpectedly since some patterns show an important trend signal that is able to break out in a breakout confirmation. The zone where Doge is now is the previous zone of increase. Interesting to follow and to see if we are going to get an unexpected low time frame breakout from the doge. $0,13 will stay for the coming important target. Doge is a high-risk coin and should only trade with good risk management. There are no guarantees in the markets. Doge is known for unexpected breakouts that sometimes run out of the price action of BTC. There is no reason always to expect that price action will change in a fast time frame. patterns showing only the interest and possibility of a breakout.
Long
by Goldenbreakout
3
DOGE ---> is ready for pump?!hello guys... as you can see I compare two time frames of dogeusdt! in the daily time frame, it is on descending channel and everything depends on it! if the middle line of the channel (I mean the yellow circle) it would be great for getting a long position or holding it! on the other hand in 4h time frame, you can see it formed an ascending channel and touched the top line very well, if this line breaks up and makes a consolidation upper then you can get a long position too! ______________________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
30
DOGE Dogecoin be a Part of Elon Musk`s X, the Everything App ?If you haven`t sold DOGE here: Then you should know that Dogecoin has gained significant attention and popularity in recent years, partly due to the support and endorsement it has received from influential figures such as Elon Musk. Musk's tweets and public statements have had a notable impact on the price and perception of Dogecoin in the past. Considering the rumors that Elon Musk allegedly wants Dogecoin as a currency on his "everything app" X, and his promises to turn Twitter into an "everything app," it's reasonable to assume that Dogecoin could potentially be integrated into Musk's future projects. If Dogecoin were to become a part of Elon Musk's X, it could potentially benefit from increased exposure, adoption, and utility. Musk's large following and the hype surrounding his ventures could attract a significant number of users to the app, potentially leading to increased demand for Dogecoin. My short term Price Target for DOGE Dogecoin is $0.085. Looking forward to read your opinion about it!
Long
by TopgOptions
1
Tesla -> Bullish Or Bearish?Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Tesla 💪 After Tesla stock retested the last strong support zone for bulls, the 0.786 fibonacci level at the $100 level, the recent pump over the past couple of months of more than 100% was no surprise at all. Weekly market structure on Telsa is currently a little bit overextended so we could certainly see a retest of the 0.382 fibonacci retracement level which is sitting roughly at $245. With the recent drop on Tesla after earnings we could certianly see some more bearish pressure and I would love to see a retest of the previous daily support at $245 and then from there I eventually do expect the creation of a new all time high. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
NASDAQ:TSLALong
by basictradingtv
39
DOGECOIN Ready For Massive Move To UpsideAlt coins are an area of the market I am approaching very delicately. Right now, however, I cannot help but pay attention to the things happening currently on Dogecoin. Although currently getting rejected at a major supply line, selling pressure on the 3 day chart since December has exhausted and has now flipped positive with strong bullish momentum being the result in the price action thus far. Its my belief that this may only be the beginning as not only do we have classic bullish divergence showing on the MACD, but a potential golden cross between the 21 and 50 EMA happening just days away from now. Of course it could be premature to make this call just yet, but with the massive bullish momentum on the MACD combined with the fact that money flow is rising on most of the higher time frames give me the confidence that this cross will indeed occur sooner rather than later. The last time DOGE's 21 and 50 EMA bullishly crossed was around October 25th last year.... this resulted in a 161% move to the upside in just a little over 7 days.
BINANCE:DOGEUSDLong
by TradeVibez
Elon's X.COM - a 'Bank, eXchange and more' = Trillions 💡🤖🚀💰💸💡Elon's concept for X.com in 1989 was this: It would be a one-stop e-store for all financial needs: banking, everything digital, investments, insurance, credit cards, and loans. Instant transactions, with no waiting for payments to clear. His insight was that money is simply an entry into a database, and he wanted to devise a way that all transactions were securely recorded in real time. “If you fix all the reasons why a consumer would take money out of the system,” he says, “then it will be the place where all the money is, and that would make it a multitrillion-dollar company.” (from Walter Isaacson new book) 🤖🚀💼 Linda Yaccarino (Chief Executive Officer of Twitter): It’s an exceptionally rare thing – in life or in business – that you get a second chance to make another big impression. Twitter made one massive impression and changed the way we communicate. Now, X will go further, transforming the global town square. X is the future state of unlimited interactivity – centered in audio, video, messaging, payments/banking – creating a global marketplace for ideas, goods, services, and opportunities. Powered by AI, X will connect us all in ways we’re just beginning to imagine. 💲💰💲 Elon bought Twitter to accelerate his plans for a multi-Trillion dollar X empire.... not sure how connected you feel to this but for the time being i feel a bit 'disconnected'. He will need to do a LOT of improvements as Twitter has been disappointing me in many ways lately... Twitter goes Dodo (eXtinct🦤), X.com comes (back) to Life. ps. I had told you so back in April : (watch from 1:20 to 3:00) Just one question: What will tweeting be called? One Love, The FXPROFESSOR 🌍💚🕊️ Twitter goes e' X 'tinct like Dodo, the flightless bird of Mauritious. Money is good, Ai can be good, Elon's BS can be good but we really need to take care of the environment. Many fires in my area and pollution is not reduced.. we need to save this planet people 🌍💚🕊️🌳🐦 It's also interesting to note that Musk's other ventures, like Tesla and SpaceX, do have significant environmental implications - Tesla with its focus on electric cars and renewable energy, and SpaceX with its potential for reducing the cost of access to space. en.wikipedia.org
NYSE:TWTR
by FX_Professor
7
shibusdt---> 50% DUMP!hello guys... what did you think when you looked at the weekly time frame of Shiba? so bearish!!! right? Or just only my opinion! this coin formed a symmetrical triangle pattern and broke the bottom line! for this situation, the first target is the yellow area! this means at least a 50% drop!!! _______________________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
Short
by melikatrader94
27
TSLA Tesla Options Ahead of EarningsIf you haven`t bought the trend reversal move: or the Bullish Pennant Pattern: Then analyzing the options chain of TSLA Tesla prior to the earnings report this week, I would consider purchasing the 280usd strike price Puts with an expiration date of 2023-9-15, for a premium of approximately $21.65. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:TSLAShort
by TopgOptions
8
Tesla's Q2 2023:Accelerating into the Future with Record RevenueIn the recently released Q2 2023 earnings report, Tesla Inc. presented a record quarter on multiple fronts, showcasing its resilience and innovation in a challenging macroeconomic environment. The electric vehicle and clean energy company reported a 9.6% operating margin, GAAP operating income of $2.4 billion, GAAP net income of $2.7 billion, and non-GAAP net income of $3.1 billion. Despite price reductions in Q1 and early Q2, Tesla's operating margin remained robust, reflecting the company's ongoing cost reduction efforts, successful production ramp-ups in Berlin and Texas, and strong performance in the Energy and Services & Other sectors. The company's cash and investments increased by $0.7 billion in Q2, reaching a total of $23.1 billion. Tesla's Cybertruck factory tooling is progressing as planned, with the company currently producing RC (release candidates) builds. The Model Y, one of Tesla's most popular models, became the best-selling vehicle globally in Q1, demonstrating the company's growing market dominance. The company's total automotive revenues reached $21,268 million, marking a year-over-year (YoY) increase of 46%. The Energy generation and storage sector also saw significant growth, with revenues of $1,509 million, a YoY increase of 74%. Services and other revenue rose by 47% YoY to $2,150 million. Overall, Tesla's total revenues for Q2 2023 were $24,927 million, a 47% YoY increase. In terms of production, Tesla manufactured 19,489 Model S/X vehicles and 460,211 Model 3/Y vehicles in Q2 2023, representing YoY increases of 19% and 90% respectively. The total deliveries of Model S/X were 19,225, a YoY increase of 19%. The total deliveries of Model 3/Y were 446,915, a YoY increase of 87%. Tesla's installed annual vehicle capacity continues to expand. In California, the capacity for Model S/X is 100,000, and for Model 3/Y it's 550,000. In Shanghai, the capacity for Model 3/Y is over 750,000. In Berlin, the capacity for Model Y is 375,000. In Texas, the capacity for Model Y is over 250,000. The company also highlighted its commitment to AI development, with the production of Dojo training computers commencing. This development is expected to satisfy Tesla's immense neural net training needs using in-house designed Dojo hardware, which will enable faster and cheaper neural net training. For new Model 3 or Y customers, Tesla launched the "Get To Know Your Tesla" experience. This initiative allows users to adjust their seats, mirrors, and steering wheel, set up the phone key, and learn about topics such as regenerative braking. In conclusion , Tesla's Q2 2023 shareholder deck paints a picture of a company that continues to innovate and grow despite external challenges. With a focus on cost reduction, new product development, investments in R&D, continuous product improvement, and the generation of free cash flow, Tesla is well-positioned for long-term success. Read more in the comment section...
NASDAQ:TSLALong
by financialflagship
42