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$BTC -The Future to Come (SEC FUD)- Today, June 10th, 2023, CRYPTOCAP:TOTAL2 Altcoins are being smacked to the face with the least of shame from Bitcoin's Dominance ! CRYPTOCAP:BTC.D has increased intra-day at 2% with BITMEX:XBT dropping as much as 3.5 %. When compared to Altcoins CRYPTOCAP:TOTAL2 , Bitcoin's dump so far for the day looks not as bad in terms of % negative depth. With just approximately 320 Days left, Fourth Halvening is around the corner. This may be a decent time to load up on some Altcoins Accumulation. As always, using proper risk management into positioning one's self-portfolio. It looks to me, like a decent spot to accumulate Long Term, despite more downfall fear concerns. TRADE SAFE *** Note that this is not Financial Advice ! Please do your own research and consult your Financial Advisor before partaking in any trading activity based solely on this Idea.
BITSTAMP:BTCUSDLong
by Mr_J__fx
💀🔥Kinkos attacks e-mail. The SEC's analogy 🍀🍀🖨️ The frequent and well-timed attacks of the Securities and Exchange Commission (SEC) against cryptocurrencies can be likened to a situation where Kinkos, the print shop giant, starts attacking email – the digital advancement that disrupted its core business model. 📧Just as email brought about a revolutionary change in communication, rendering traditional modes such as postal services and fax largely obsolete, Bitcoin has emerged as a radical reimagining of the traditional financial system, challenging the status quo. However, just like email, which ultimately prevailed and became the norm due to its efficiency, speed, and cost-effectiveness, Bitcoin too carries significant advantages that predict its inevitable rise. Its decentralized nature, high security through cryptographic encryption, and potential to provide a universal currency immune to national inflation rates highlight Bitcoin's robustness and future potential. Even though Bitcoin may endure attacks from regulatory bodies akin to Kinkos challenging the rise of email, it is poised to survive, adapt, and eventually thrive, fundamentally transforming our perception of currency and financial transactions in the years to come. Let's take a look at previous attacks: 💀🔥Mar 8, 2023: ''Jerome Powell Ponders Potential for Digital Dollar to Send Bitcoin to Zero'' ref: decrypt.co 💀🔥Mar 9, 2023: ''Biden budget proposes 30% tax on crypto mining electricity usage'' ref: cointelegraph.com 🍀🍀Result was BTC price took a dive from 25k to below 20k.. then a Pump TO 31K Today's attacks: 💀🔥June 5, 2023: ''SEC sues Binance in US district court for unregistered securities operations'' ref: cointelegraph.com 💀🔥June 5, 2023 ''Solana, Polygon, Cardano, and BNB named as securities in SEC's suit’ ref: fortune.com Well timed attacks: 👹 SEC's attacks are always very well timed, when Buyers are starting to feel confident. Someone in SEC has to be a master on Technical and Fundamental analysis.... the same person probably buys crypto after the dip has been caused. I wish i was his friend, would have been a great friendship. ( Not ⛔ ) Why the KINKOS analogy? It should be easy to figure this one out... it has to do with The Fed's favorite ability: Printing! One Love, The FXPROFESSOR Ps. not sure if now is the time to Buy or at 23,700
Long
by FX_Professor
14
Bitcoin Declining Inside Downtrend ChannelI'd call it a bad day for Bitcoin, but when compared to the altcoins today Bitcoin is doing well. I suspect that traders are dumping their shitcoins across multiple exchanges as the SEC lawsuits against Coinbase and Binance have traders worried that their cryptos will be delisted, and/or that they might not be able to get their shitcoins or cash off of the exchanges. Technically, Bitcoin was already declining inside of a downtrend channel while failing to hold above the 8,21,34, 50 and 100ma's before the SEC threw out the lawsuits, and price is now trading below all of the ma's-minus the 200ma-with the ma's rolling over. Price was prime for a continued decline prior to the SEC lawsuits, and now the fear associated with those lawsuits is manifesting in the form of freefall price declines across the crypto space. Both the PPO and TDI on the Bitcoin chart are showing that there is negative trend and momentum behind price. The PPO is trending just below the 0 level with plenty of room to fall further. The TDI shows the RSI line trending between the 20-60 levels which indicates that the overall trend behind price is negative. Short-term price target is the 200ma and lower channel line around FWB:23K , but a re-test of $20k is most likely. This isn't a knife that I'd attempt to catch for those looking for steeply discounted cryptos to add to their portfolio. Good chance that quite a few of these cryptos/tokens are going to $0.00 which is something that this space has needed for a long time due to rampant fraud and illegal activity committed by teams behind some of these projects. But, if you are the gambling type, I'd stick with Bitcoin for dip-buying as that is the one crypto that SEC chairman Gary Gensler has stated in the past is "safe" because it is a commodity. www.benzinga.com As of 3 weeks ago I no longer have money in crypto or on any crypto exchanges, and I stopped using exchanges other than Coinbase years ago because I thought they were the only safe one since they are regulated. Originally was waiting for BTC to fall back down to $20k to buy back in, but am now actively shorting BTC via the BITI ETF with no plans of transferring money back on to Coinbase. Too much risk right now with the SEC slapping suits left and right while claiming most of these assets are securities.
INDEX:BTCUSDShort
by PrepForProfit
Tradingview Alerts to the Rescue ⏰💯🙏Last night, I decided to go 'Opa Opa' with some Israeli friends (who are crazier about Greek music than I am) and a 6L bottle of Grey Goose. Long story short, my phone decided to pull a disappearing act. Samsung lost in action 📴😭 On the bright side, we jammed to some Nikos Vertis, which was a blast if you're into Greek music. 🇬🇷 (Check it out: www.youtube.com ) So, I went to bed semi-wasted with my old backup phone charging and my laptop always on standby few feet away. 😴💤 This morning, however, was a different story. 07:26 is a storm! A nasty concert of alarms from Tradingview Alerts echoed in my room. ⏰ Half asleep, I managed to check my backup phone and to my surprise: FANTOM alert triggered: FTM at Big support. 😱 SANDBOX alert triggered 😱 COTI alert triggered 😱 GALA alert triggered 😱 ... and about 11 other charts were calling for action. So, I shook off the hangover, turned full crypto, and bought the dip. This time, I leaned heavily into AVAX, with some smaller trades on Sandbox and FTM. 💯 Even when i sleep i know which charts i like the most and AVAX is one of them. Shoutout to TradingView for being a lifeline. Managed to recover a good amount, set my stop loss at entry and can soon head back to bed. 🙏 On a side note: We saw BTCUSDT price at 26666.66 yesterday, which seemed like an ominous sign with all those 6's. six sixes in a row is scary! 😈 Let's hope it was just a fluke and not a devilish premonition. 👼🏻👼🏽Tradingview Alerts came to the rescue like Guardian angels👼🏼👼🏿 🧠📚In conclusion, I've been a Bitcoin maxi lately for a reason. While I believe in the potential of altcoins, I recommend thorough research before investing. Remember, many alts will likely plummet to zero... Why didn't i post a lot of short positions? Cause i am Bullish. While storytelling is fun, I know many of you may also be interested in the specific strategies I'm using in cryptocurrency trading. Obviously this is not the time and place to go into details but here is an overall plan: - I am prepared to risk a daily budget on futures - Always will have some funds in more than 1 (in 4 actually) exchanges to buy any dip i see possible. Especially if it's one of my 💯 MAJOR OPPORTUNITY⚠️ Tradingview Alerts - I burn a lot of accounts cause i go high leverage, i make a lot like i did this morning, ends up being worth it at the end of the week/month/year - I don't like going short these days, was short on so many assets last year (check post below), will remain Long and buy dips till it works - I don't panic and sell my spot. Those are decisions i made/make and will stick with my bags till the end even if some will go to zero. - I do some DCA which means i need to have income incoming. Without income pls do not trade. - I have more fun with crypto futures these days and way more 'serious' with my Forex trades that are bigger in size and less in number (few good forex trends like EURTRY or Nasdaq in the posts below ) One Love, The FXPROFESSOR 💙🌄 ps. SEC attacks for a reason. Money needs to go to stocks. (US may need $$$ for Boeing and Lockheed Martin for example?). This shall pass and crypto is the future either they like it or not. Needless to say that a LOT of crypto is scam and may SEC find the right ways to separate the good form the bad. Unfortunately SEC is failing badly at the moment....
COINBASE:ETHUSDLong
by FX_Professor
3
$COIN: Stalled for NowThe Weekly Chart of NASDAQ:COIN shows that the stock has been struggling to build a bottom despite some early buying from large lots within the sideways action of the bottoming range. Coinbase has future growth potential as an investment, but the CEO and Board need to realize that the SEC rules the securities markets and that Cryptos, as digital assets, are securities that must be registered properly. So it is likely to stall here until the Board and CEO realize they have to behave like grownups when dealing with the SEC.
NASDAQ:COIN
by MarthaStokesCMT-TechniTrader
What does the SEC lawsuits mean for crypto? Can it be good?Traders, This week we'll focus on the altcoins. How are they fairing? Is there more downside? How much FUD will the SEC's lawsuits against Coinbase and Binance cause? And can the lawsuit actually be looked at in a positive light for the crypto community? The quick answer to that last question is a quick "yes". I'll explain more at the end of this weeks crypto update video (sorry TV people as you were cut off at the 20 minute mark). Stew
INDEX:BTCUSD
by stewdamus
What's up with that Mr Gensler? 🤨In our society, responsibility is a fundamental concept that helps to ensure accountability and fairness. In many situations, responsibility for negative outcomes can be traced back to the person or organization that was responsible for creating or managing the situation in question. For example, if a building collapses, the builder may be held responsible for failing to construct it properly. If food is found to be poisonous, the cook or food manufacturer may be held responsible for failing to ensure its safety. Similarly, when it comes to the regulation of securities markets, the SEC is ultimately responsible for ensuring that investors are protected and that markets operate fairly and efficiently. Isn't that right Mr Gensler? Overview: The SEC, or the U.S. Securities and Exchange Commission, is a regulatory agency tasked with protecting investors and ensuring that securities markets operate fairly and efficiently. Its mission is to promote capital formation, maintain fair, orderly, and efficient markets, and protect investors. The SEC is responsible for enforcing federal securities laws and regulating the securities industry, including the stock and options exchanges, broker-dealers, investment advisors, and mutual funds. It also oversees public companies and their disclosures, and has the power to bring civil enforcement actions against individuals or companies that violate securities laws. However, despite its best efforts, there have been instances in which the SEC's supervision has failed, leading to negative outcomes for investors or the broader market. For example, the SEC has been criticized for its handling of the Madoff scandal, in which Bernard Madoff was able to perpetrate a massive Ponzi scheme for many years despite numerous red flags. When the SEC's supervision fails, it can have serious consequences for investors and the broader market. Investors may lose money as a result of fraudulent or manipulative activities, and the integrity of the markets may be undermined. In such cases, the SEC may be held responsible for failing to detect or prevent these activities. The SEC takes its responsibilities very seriously, and has implemented a number of reforms and initiatives over the years to improve its ability to detect and prevent securities fraud. However, the SEC is not immune to human error or regulatory challenges, and must constantly adapt and evolve to keep pace with changing market conditions and new forms of securities fraud. 1. FTX, Made (and supervised) in the USA: The SEC's supervision of cryptocurrency exchanges like FTX would primarily be focused on ensuring that the exchange complies with relevant securities laws and regulations. As a cryptocurrency exchange, FTX may offer trading in digital assets that are considered securities under U.S. securities laws, such as tokens that are deemed to be investment contracts or securities. Here are some ways that the SEC might had supervised an exchange like FTX: Registration: Cryptocurrency exchanges that are involved in trading securities are generally required to register with the SEC as a national securities exchange or an alternative trading system (ATS). This would involve meeting certain regulatory requirements and complying with ongoing reporting obligations. Compliance: Once registered, the exchange would need to comply with various regulatory requirements, such as maintaining fair and orderly markets, preventing market manipulation, and ensuring customer protection. The SEC would monitor the exchange's activities to ensure that it is complying with these requirements. Enforcement: The SEC has the authority to investigate and take enforcement action against exchanges that violate securities laws or engage in fraudulent activities. This could involve imposing fines, requiring the exchange to cease certain activities, or pursuing legal action against individuals or entities involved in the exchange's operations. Policy development: The SEC is also responsible for developing and implementing policies related to securities markets and trading activities. The agency may engage in rulemaking or issue guidance to clarify how securities laws apply to cryptocurrency exchanges and other digital asset trading platforms. Overall, the SEC's supervision of cryptocurrency exchanges like FTX would be focused on ensuring that these exchanges are complying with relevant securities laws and regulations, and that investors are protected from fraudulent or manipulative activities. RESULT: FIASCO!!! FTX collapsed, isn't SEC to blame?🤨 2. Silvergate, Made (and supervised) in the USA: SEC does have some oversight over banks like Silvergate Bank. While the primary regulator for banks in the United States is the Federal Reserve, the SEC also has a role in regulating certain aspects of banks' activities, particularly in relation to securities. For example, Silvergate Bank provides services to cryptocurrency exchanges, which may involve the trading of digital assets that are considered securities under U.S. securities laws. In such cases, the SEC would have a role in regulating these activities and ensuring that they comply with relevant securities laws. In addition, the SEC has the authority to investigate and take enforcement action against banks and other financial institutions that violate securities laws or engage in fraudulent activities. Therefore, while the SEC's role in regulating banks is generally more limited than other financial regulators, it does have some jurisdiction over certain aspects of banks' operations, particularly where they intersect with securities markets. RESULT: FIASCO!!! FTX collapsed, isn't SEC to blame? 🤨 Mr Gensler and Mr Burns : Apart from the meme that has the two (Mr Burns from the Simpsons and Mr ary from SEC) appearing to be one: ☞Mr Gensler loves his Bitcoin (check his MIT free course on youtube ) ☞ Binance tried to hire Gary Gensler in 2018 for closer ties with U.S. regulators: Report ☞ SEC chair Gensler confirms “everything other than Bitcoin” is a security : Implications and analysis ☞ Latest from Mr Gensler on Bloomberg Technology (he is a happy guy lately) CONCLUSION 1: Mr Gensler and the SEC have been failing badly... 2 major collapses on YOUR watch, our dear SEC CONCLUSION 2: Mr Burns from the Simpsons won't let the price go over 25k. Seriously CONCLUSION 3: Just another delay for BTC which will eventually go where it belongs. And that (according to me and my humble opinion) is to new All Time Highs. One Love, The FXPROFESSOR ps. March Madness postponed but watch out, March has been a month with downs...and ups! I'm Long anyways
BITFINEX:BTCUSDLong
by FX_Professor
14
XRP Wallets Increase: Lawsuit Finalizing?Hi Traders, Investors and Speculators of Charts📈📉 The XRP network has witnessed a surge in wallet address activity, indicating a positive trend for XRPUSD. Blockchain analytics platform Santiment has identified these record-setting spikes. This occurrence suggests an increase in demand for XRP, similar to the price appreciation it experienced after a surge in address activity during March. As of now XRPUSDT has a 4.2% increase for the day and a substantial 7.8% increase since last week. Increasing independently: This behavior sets XRP apart from other cryptocurrencies like Bitcoin and Ethereum, further supporting the possibility of an immanent breakout. Noting that these spikes in address activity coincide with increased attention on Ripple due to an ongoing lawsuit with the SEC regarding the classification of XRP as a security. The Securities and Exchange Commission (SEC) has filed a lawsuit against Ripple, the company behind XRP, alleging that XRP should be classified as a security and not a cryptocurrency. The lawsuit claims that Ripple conducted an unregistered securities offering worth over $1.3 billion through the sale of XRP. The SEC argues that Ripple and its executives engaged in the sale of securities without complying with the necessary registration requirements. The lawsuit was filed in December 2020 and has been ongoing since then, leading to increased scrutiny and regulatory uncertainty around XRP. Ripple CEO Brad Garlinghouse has recently hinted at the potential resolution of the case in the next few weeks , though no official timeline has been confirmed for its conclusion. Should the SEC lawsuit be successfully resolved, it has the potential to provide a significant boost to XRP by addressing regulatory uncertainties and potentially driving increased adoption. Our technical Indicators are also showing bullish price action on the XRPUSDT chart in the weekly TF, flashing a green BUY signal. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We appreciate your support ! CryptoCheck CRYPTOCAP:XRP BINANCE:XRPUSDT BITSTAMP:XRPUSD BINANCE:XRPUSDT.P BINANCE:XRPUSD KUCOIN:XRPUSDT BITFINEX:XRPUSD BINANCE:XRPBTC BINGX:XRPUSDT.PS OKX:XRPUSDT.P BYBIT:XRPUSD.P
Long
by CryptoCheck-
42
BTC 0 or hero? 📈 Chart Analysis: falling wedge: Top tip wait for breakout and retest of the AVWAP before taking a long, however we did get an engulfing candle on the reaction from the 150ema so i have gone long already trying to front run patterns is not the best thing to do so be cautious if you are to do the same! We got the retest of the Head and Shoulders resistance in prep for the latest sec vs binance news which took us to out first target 150EMA: top tip play any SHORTS super carefully here as the reaction from the 150 was extremely bullish but know we could still see out lower avwap target currently at the 18k area 😉 additional info! Currently in a Stage 3: where we look for Bullish continuation patterns (falling wedge) and/or topping patterns Head and shoulders OBV still in a stage 1 and looking weak! 🔔 Risk Management: Adjust your position size based on your risk tolerance and use proper risk management strategies, such as trailing stop losses, to lock in profits as the price moves in your favor. ⚠️ Disclaimer: This analysis is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult with a financial advisor before making any trading decisions.
BITSTAMP:BTCUSD
by mammamia2
It's about POWER, not regulation, $BTC still in pattern!!!Haven't seen 1 account speak on what we've said for about 2 years now, in reference to gov & #CBDC and them not liking competition NOT 1 Many #CEXs have asked for guidance & what have they received? NOTHING! This is NOT about #crypto protection! This is about CONTROL! #DEX #BTC #GOLD #SILVER ANYWAY CRYPTOCAP:BTC still looks good. Pattern we highlighted some time ago is STILL in PLACE. Picked some #BTC up after hours last night. Check the BUYS on 4Hr chart. Shorts were not heavy so this is outright BUYING! #Bitcoin still looks good imo! #crypto
CME:BTC1!
by ROYAL_OAK_INC
🔥 Bitcoin's Last Hope For The BullsOver the last two days, Bitcoin has been dumping on Bearish SEC news from the USA. In the short-term, the bears are 100% in control and are actively pushing the price down. However, the bulls might have a last trick up their sleeve. We're rapidly approaching a massive zone of support that has been established around a year ago. If there's any big buyers left, they are waiting within this zone. A bullish reversal from this zone could signal an end to the ~2 month bearish trend. This would be in line with my long-term bullish Elliot Waves analysis on Bitcoin below. However, if this zone fails to hold the price, I'd expect that there's more selling to come. Seeing that this is a news-related selling event, it's hard to determine whether we're going to reverse or not. Technical analysis has a lot less impact once trading is based on pure emotion. Nevertheless, keep a close eye on this zone since it will likely cause some heavy volatility, either to the upside or downside.
COINBASE:BTCUSD
by FieryTrading
10
SAND/USDT Technical Analysis: Bearish Outlook with Buying Opport#SAND/USDT Technical Analysis: Bearish Outlook with Potential Buying Opportunities In this technical analysis of the #SAND/USDT trading pair, we'll examine the current market situation and analyze key factors affecting the price of $SAND. While recent news and chart patterns indicate a bearish trend, there are potential support levels that could offer buying opportunities for long-term investors. Please note that this analysis is for informational purposes only and should not be considered as financial advice. Conduct your own research before making any investment decisions. Headings: Current State of #SAND/USDT: Bearish Trend and Recent News Impact of Token Unlocking Schedule on NYSE:SAND Price Price Projection for NYSE:SAND : Potential Drop to $0.2 by December 2023 Short-Term Outlook: Anticipating a Small Pump Followed by Further Decline Key Support Levels and Target Zones for Buying Opportunities Bull Scenario: Long-Term Potential and the Need to Break Resistance CryptoPatel Key Levels for #SAND/USDT: Support and Resistance Conclusion: Conduct Thorough Research and Exercise Caution Current State of SAND/USDT: Bearish Trend and Recent News NYSE:SAND is currently trading at $0.515, displaying a bearish trend. Recent news has contributed to the downward movement, with a significant 15% drop following the SEC news. Impact of Token Unlocking Schedule on NYSE:SAND Price Historical analysis reveals that NYSE:SAND often experiences substantial price declines after token unlocking events. The upcoming unlocking of 11.085% of the total supply suggests the potential for further downside. Price Projection for NYSE:SAND : Potential Drop to $0.2 by December 2023 Based on the analysis, there is a possibility that NYSE:SAND may reach $0.2 by December 2023. However, a short-term pump up to $0.7 is expected before a potential leg down. Short-Term Outlook: Anticipating a Small Pump Followed by Further Decline The current expectation is a small pump in the short term, possibly reaching $0.7. However, this would likely be followed by another downward movement. Key Support Levels and Target Zones for Buying Opportunities Two significant support levels are identified for potential buying opportunities: $0.38 and $0.177. Holding the $0.38 support level would be favorable, but if it breaks down, a further decline to $0.177 is possible. Bull Scenario: Long-Term Potential and the Need to Break Resistance In the long term, there is a bullish outlook for NYSE:SAND , with a potential target of $10 in the next bull run. However, breaking the strong resistance at $0.87 is crucial for the bullish scenario to materialize. CryptoPatel Key Levels for #SAND/USDT: Support and Resistance Support Levels: $0.3785 and $0.177 Resistance Levels: $0.7 and $0.87 Conclusion: Conduct Thorough Research and Exercise Caution This analysis provides insights into the current state and future projection of #SAND/USDT. It is important to conduct thorough research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and individual research is essential to make informed choices. Conclusion: The #SAND/USDT trading pair currently exhibits a bearish trend, influenced by recent news and historical patterns. While a potential decline to $0.2 by December Follow us for More Chart Analysis. Thank you.
Short
by CryptoPatel
BTC Bitcoin Bad News | SEC has filed 13 charges against Binance!Binance and its co-founder Changpeng Zhao (CZ) were sued by the U.S. SEC on 13 different charges. The commission claimed that the defendants mixed together user funds worth billions of dollars and pointed out that the money was sent to a European company controlled by CZ. The commission stated that Binance established its U.S.-based entity, Binance.US, as a means to protect the exchange and its CEO, with the intention of evading law enforcement. However, the regulatory body referred to Binance as an unregulated international exchange. In its complaint, the U.S. SEC identified BNB, BUSD, SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI as securities and accused Binance.US of facilitating their trading. Binance CEO, CZ, characterized the allegations made by the commission as "an attack on the entire industry. I expect that BTC Bitcoin will complete the Head and Shoulders bearish chart pattern and reach $23000. Looking forward to read your opinion about it!
Short
by TopgOptions
4
A potential big move for XRP is loomingA potential big move for XRP is looming with a slight bias (60%) towards the upside. If prices do come down to retest lower levels I expect a move up shortly after. Although it looks like XRP is bottoming out around 0.41 cents take note that short-term spikes towards 0.37 cents are not out the realm of possibilities due to high volatility in the market. ANALYSIS Technicals: - XRP has formed a symmetrical triangle - Currently ranging in the middle of 2 big volume price targets (blue lines). - Increasingly tight consolidation (BB is narrowing). Energetically: A new moon is set to happen on the 19th of May. Prices are more likely to move upwards within a 5-day range around the new moon (between 15-24 May), right before crashing down or consolidating. News: Odd behaviour by the SEC since they just dropped crypto firm LBRY's fine from 22M to 111K. Is there a possible settlement/court decision for the SEC-Ripple lawsuit on the horizon? Disclaimer: Non-Financial Advice The information provided in this analysis is for informational purposes only and should not be considered as financial or investment advice. The analysis presented here is based on historical and current data, market trends, and personal interpretation, and it may not accurately predict future market behavior.
by free4mz
2
XRP Price Targets after the FOMC meeting this weekThe upcoming FED meeting on May 3rd could cause a further decline in the crypto market due to the potential rate hike and ongoing unease around banking system developments. The outlook for the crypto market after the upcoming FED meeting on May 3rd is bleak. Fears of a deep credit crunch caused by Silicon Valley Bank's collapse have not yet materialized, and the financial situation is much steadier. Additionally, inflation remains elevated, and with evidence of stubbornness in underlying inflation, it could be in the 4% to 5% range, far above the 2% inflation target. The markets are pricing in a 25bp Fed Funds rate hike to 5.25% at the May FOMC meeting, and given the steadiness in financial markets, persistence in price pressures, and continued decent activity, this could contribute to a further downturn in the crypto market. XRP/USDT short Entry Range: $0.45 - 0.51 Take Profit 1: $0.40 Take Profit 2: $0.36 Take Profit 3: $0.32 Stop Loss: $0.60
Short
by BuySellMarketMaker
TRX Tron Founder Justin Sun 4 Days Left To SEC Lawsuit Summon !Justin Sun's Deadline Approaches: 4 Days Left to Respond to SEC Lawsuit Summon Over Alleged TRX Market Manipulation! Tron (TRX) cryptocurrency founder Justin Sun has reportedly been issued a summons in the Securities and Exchange Commission (SEC) lawsuit. The SEC charged Sun with "fraudulently manipulating the secondary market for TRX through extensive wash trading," claiming that trades were made without a change in "beneficial ownership." The SEC also alleged that the distribution and sale of BTT and TRX required Sun to register the sales with the agency because they were allegedly sold as securities. In addition, the SEC accused Sun of orchestrating "a scheme to pay celebrities to tout TRX and BTT without disclosing their compensation." This claim suggests that Sun may have been involved in misleading investors by paying celebrities to promote TRX and BTT without disclosing their compensation. The allegations against Sun are significant and could potentially have a significant impact on the cryptocurrency market. I expect TRX Tron selloff soon! Looking forward to read your opinion about it!
Short
by TopgOptions
XCH looking good in this rangeAfter the price drops massively the first year after trading started from the low volume ~1k USD per XCH during feature trading and a peak up above 2k USD the price now is in a range between ~30 USD and ~50 USD. The network space slowly started to grow ~10% since january 2023 and can be considered stable since july 2022. The node count is ~115k (ETH ~7k, BTC ~17k). The inflation is still high with ~9k XCH per day, 1st halving is ~ Q1 2024. Meanwhile the circulating supply reaches 25% of the total supply, 75% is hold by the Chia Company. The company announced a few days ago to have submited the registration to the U.S. SEC. In my opinion that is a positive sign but it should also not be overrated at this point. They still need to build valueable partnerships and the global market may dip again. ETH could build up sell pressure or other bad news can shock that market again. On the other side people could buy crypto because they think it is worth more in the future than keeping their fiat. I also still expect the tech market to dip again and maybe the financial market too. I just hope that china does not do the russian a**h*** move and invades it's neighbors too. Climate crises also can have a bigger impact on the markets the next years than many expect. I am still surprised that people think that buying a Tesla or "green" fuel does save us from destroing our own environment we need to live in. I just hope for a bullrun or two before the people wake up. ;-) But who knows what happens next, pls tell me. ;-) As always, no financial advice.
by Just4FunTrader