Market Analysis for SOL/USDT:
For Solana, we can see that it has been forming a huge rising wedge for the past three weeks. Rising wedge is more of a bearish signal. And today, we see that Solana is breaking down from the rising wedge. We have seen the same scenario on the 7th of September, therefore we do not encourage traders to short this signal yet, unless we see SOL closes below the rising wedge on a daily timeframe. Until then, we encourage traders to sit tight and watch first.
For Solana, we can see that it has been forming a huge rising wedge for the past three weeks. Rising wedge is more of a bearish signal. And today, we see that Solana is breaking down from the rising wedge. We have seen the same scenario on the 7th of September, therefore we do not encourage traders to short this signal yet, unless we see SOL closes below the rising wedge on a daily timeframe. Until then, we encourage traders to sit tight and watch first.
Market Analysis for BTC/USDT:
On 7th September, we see that BTC has been rejected from this huge resistance. And from there, BTC price action dropped approximately 20.00% in a day. Since then, BTC has been forming a falling wedge, which is a bullish sign but at this point, it would be safer for us to observe first until BTC price action broke the support/ resistance of the rising wedge, then we will choose to either long/ short the position. In order to stay bullish on BTC, it will have to close above 57k on a daily timeframe. If that happens, we will se BTC back in 50k in these few weeks. However, if BTC closes below 44k, we might see BTC retest the 42k support or even 37k support. As of now, BTC will keep moving sideways within the falling wedge.
On 7th September, we see that BTC has been rejected from this huge resistance. And from there, BTC price action dropped approximately 20.00% in a day. Since then, BTC has been forming a falling wedge, which is a bullish sign but at this point, it would be safer for us to observe first until BTC price action broke the support/ resistance of the rising wedge, then we will choose to either long/ short the position. In order to stay bullish on BTC, it will have to close above 57k on a daily timeframe. If that happens, we will se BTC back in 50k in these few weeks. However, if BTC closes below 44k, we might see BTC retest the 42k support or even 37k support. As of now, BTC will keep moving sideways within the falling wedge.
All these analysis may be affected by the movement of BTC. So, stay alert 🚨
Forwarded from 💰Crypto Signal VIP Group
MicroStrategy has purchased an additional 5,050 bitcoins for ~$242.9 million
https://twitter.com/michael_saylor/status/1437386724443926535
https://twitter.com/michael_saylor/status/1437386724443926535
Twitter
Michael Saylor⚡️
MicroStrategy has purchased an additional 5,050 bitcoins for ~$242.9 million in cash at an average price of ~$48,099 per #bitcoin. As of 9/12/21 we #hodl ~114,042 bitcoins acquired for ~$3.16 billion at an average price of ~$27,713 per bitcoin. $MSTR mic…
Walmart says crypto payments announcement is fake
https://www.cnbc.com/2021/09/13/walmart-to-accept-payments-with-cryptocurrencies-using-litecoin.html?&qsearchterm=walmart
https://www.cnbc.com/2021/09/13/walmart-to-accept-payments-with-cryptocurrencies-using-litecoin.html?&qsearchterm=walmart
CNBC
Walmart says crypto payments announcement is fake. Litecoin tumbles after spike
Cryptocurrency litecoin gave up a 20% gain and fell back to Earth after a fake press release sent out by GlobeNewswire referenced a partnership with Walmart.
📊Spot Trading (Mid Term)
#DYDX/USDT
Entry 1: 10.2120
Entry 2: 8.0000
Target 1: 10.600
Target 2: 11.000
Target 3: 11.600
Target 4: 12.000
Stoploss: HOLD
#DYDX/USDT
Entry 1: 10.2120
Entry 2: 8.0000
Target 1: 10.600
Target 2: 11.000
Target 3: 11.600
Target 4: 12.000
Stoploss: HOLD
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Hong Kong central’s biggest landlord signs crypto firm as tenant
https://www.bloomberg.com/news/articles/2021-09-14/hong-kong-central-s-biggest-landlord-signs-crypto-firm-as-tenant
https://www.bloomberg.com/news/articles/2021-09-14/hong-kong-central-s-biggest-landlord-signs-crypto-firm-as-tenant
Bloomberg.com
Hong Kong Central’s Biggest Landlord Signs Crypto Firm as Tenant
Hongkong Land Holdings Ltd., the biggest landlord in the heart of the Asian financial hub, signed a lease with a crypto asset firm for the first time as the century-old company moves to embrace the emerging sector.
Solana ($SOL) Mainnet is Back Online, Here’s What Happened?
https://coingape.com/solana-sol-mainnet-is-back-online-heres-what-happened/
https://coingape.com/solana-sol-mainnet-is-back-online-heres-what-happened/
Coingape
Solana ($SOL) Mainnet is Back Online, Here’s What Happened?
Solana ($SOL) network's bullish momentum came to an abrupt halt after the mainnet beta experienced a transaction glitch. The glitch led to very high transa