FTX CEO denies acquiring Huobi.

HT(Huobi Token) fell 12% after this.

#BTC/USD crossed into the accumulation area🧐 Want to see some ranging here before the recovery📈

🇮🇷 Iran approves the use of #Bitcoin  and #cryptocurrency for imports and trading goods.

#CHZ something is coming 👀

SPOT TRADE

#FIO/USDT on Binance
Entry: $0.0451
Target1 : $0.0512
Target2 : $0.0590

#FIO/USDT Is looking Technically
Bullish Today.

https://www.binance.com/en/trade/FIO_USDT

US Aug Unemployment Rate 3.7%; Consensus 3.5%

DOT

DOT just crossed out of the demand zone + falling wedge🧐

Priority is bullish now📈

Targeting at least 10% on spot

#BTC Avg Monthly returns!

- Avg Sep returns are -12.9%.
- ETH merge on 16th
- MTGox 137k BTC distribution.

September is going to be interesting month

For the first time, the volume of Ethereum futures was larger than that of Bitcoin futures. This was most likely due to the market positioning for the upcoming Ethereum Merge this month.

If #BTC keeps moving in Cycles, then we will the Bottom in Oct-Nov this year and then enter the Market Equilibrium phase which takes 1.4 Year

Let's see🚀

BITCOIN

Not sure we are going to recover in short-term, more likely we see a ranging scenario again.

Let's see.

Whale support at 19k$ worked almost perfectly to the upside

$21,543 is now the closest resistance according to whales👀

#BTC/USDT ANALYSIS

Take a sharp correction after filling the FVG (fair value gap) and breakdown the horizontal support of $20,750, which is currently acting as a resistance. $19,500 is the support for the bulls to hold.

If BTC reclaims above the horizontal resistance, then that would show the bulls are back in action, else we can expect some consolidation in between the zones of $20,750 and $19,500.

Buckle up for the incoming volatile week🔥


Sep 15 - ETH Merge (assumed to be bullish📈)
But expect high volatility

Sep 16 - Mt. Gox Claims Deadline (assumed to be bearish📉)

Congratulations to everyone.
Ethereum POS successfully activated....

ETH Analysis:

1. ETH is again rejecting from same major S/R zone 1730-1780$
2. Now most worrying thing for ETH is merge is completed and ETH is migrated to PoS which some people likes and some doesn't.
3. The White Trendline in the chart is a major Trendline for ETH as it is being supported since the lows.
4. Now ETH is breaking below the Trendline which means momentum is lost and this was a Lower High near 1780$.
If it confirms breakdown and close below the red resistance box near 1520$ on HTF it can move towards lower zones near 1280$
5. LTF support is near 1350$ and major resistance is same above 1700$.

Hope morning update saved you as negative funding doesn't always mean shorts are gonna get squeezed.

Based on 2 Week RSI - #BTC sits on one of the best buying opportunities in history🚀

ACCUMULATE - DO NOT LET BANKS TO STEAL YOUR COINS BY SHORT & MID TERM MANIPULATIONS

🇺🇸 US House proposes a two-year ban on algorithmic based stablecoins (like LUNA-UST).

Under the bill, it would be illegal to issue or create these algorithmic stablecoins.

ARK AND 21SHARES AMEND ITS BITCOIN ETF SPOT FILING, DISCLOSES 80bps FEE