Current situation:
1. Japan's stock market is officially in correction territory
2. #Bitcoin and Ethereum are down 15% and 25% today
3. The Nasdaq 100 is officially in correction territory
4. The 10-Year Note Yield is down 60 basis points in 1 week
5. The unemployment rate is at a 3-year high of 4.3%
6. The volatility index, $VIX, is up over 100% in 1 month
1. Japan's stock market is officially in correction territory
2. #Bitcoin and Ethereum are down 15% and 25% today
3. The Nasdaq 100 is officially in correction territory
4. The 10-Year Note Yield is down 60 basis points in 1 week
5. The unemployment rate is at a 3-year high of 4.3%
6. The volatility index, $VIX, is up over 100% in 1 month
Digital asset investment products saw outflows for the first time in 4 weeks totalling $528m in what we believe is a reaction to fears of a recession in the US, geopolitical concerns and consequent broader market liquidations across most asset classes.
Bitcoin saw outflows totalling $400m, the first following 5 weeks of inflows. Ethereum saw outflows totalling $146m, bringing the net outflows since the ETF launch in the US to $430m
Bitcoin saw outflows totalling $400m, the first following 5 weeks of inflows. Ethereum saw outflows totalling $146m, bringing the net outflows since the ETF launch in the US to $430m
BREAKING: Major trading platforms are reportedly experiencing outages.
• Fidelity
• E-Trade
• Vanguard
• TD Ameritrade
• Charles Schwab
• Fidelity
• E-Trade
• Vanguard
• TD Ameritrade
• Charles Schwab
#Bitcoin Fresh Analysis
Bitcoin recently bounced strongly from the $50,400 Bullish Order Block. If Bitcoin can hold this support level, we might see it reach $65,000 soon. However, if it fails to hold and breaks down, the next possible support is around the $42,000 Bullish Order Block.
Always wait for confirmations before entering trades. Never risk your hard-earned money on uncertain moves.
Bitcoin recently bounced strongly from the $50,400 Bullish Order Block. If Bitcoin can hold this support level, we might see it reach $65,000 soon. However, if it fails to hold and breaks down, the next possible support is around the $42,000 Bullish Order Block.
Always wait for confirmations before entering trades. Never risk your hard-earned money on uncertain moves.
FED'S DALY: WE HEAR THE ECONOMY IS DOWNSHIFTING
FED'S DALY: MINDS ARE OPEN TO CUTTING RATES IN COMING MEETINGS
FED'S DALY: IF REACT TO ONE DATA POINT, WE WOULD ALMOST ALWAYS BE WRONG
FED'S DALY: MINDS ARE OPEN TO CUTTING RATES IN COMING MEETINGS
FED'S DALY: IF REACT TO ONE DATA POINT, WE WOULD ALMOST ALWAYS BE WRONG
#QTUM/USDT Chart Analysis : 15min
#QTUM is in a downtrend, consistently trading below the 200 EMA. The price is currently trading in a resistance zone. It is expected to be rejected from there and soon will continue its downward movement. Wait for the breakout of the entry level for a short position; the previous swing low will be tested.
Entry : $2.031
Target : $1.851
SL : $2.147
#QTUM is in a downtrend, consistently trading below the 200 EMA. The price is currently trading in a resistance zone. It is expected to be rejected from there and soon will continue its downward movement. Wait for the breakout of the entry level for a short position; the previous swing low will be tested.
Entry : $2.031
Target : $1.851
SL : $2.147
#OP/USDT Chart Analysis : 30min
#OP is in a downtrend, trading below the 200 EMA. It is consistently making new lows. It is expected to continue its momentum. The price is currently facing rejection at a resistance zone. Wait for the breakout of the trendline for a short entry.
Entry : $1.260
Target : $1.074
SL : $1.346
#OP is in a downtrend, trading below the 200 EMA. It is consistently making new lows. It is expected to continue its momentum. The price is currently facing rejection at a resistance zone. Wait for the breakout of the trendline for a short entry.
Entry : $1.260
Target : $1.074
SL : $1.346