🚩#Bitcoin Quick Update‼️
👉 It's far from a proper ascending triangle pattern, but it looks good enough to me to see a very likely breakout by North.
🔹Bollinger bands starting to squeeze.
🔹EMA50/100/200 are supporting the price structure.
🔹No bad News on media for a while, nor FUD. Crossed fingers!
💚 Have a nice weekend everyone and don't worry it should be quiet until at least Monday morning to analyze the crypto and stock monthly closings.
👉 It's far from a proper ascending triangle pattern, but it looks good enough to me to see a very likely breakout by North.
🔹Bollinger bands starting to squeeze.
🔹EMA50/100/200 are supporting the price structure.
🔹No bad News on media for a while, nor FUD. Crossed fingers!
💚 Have a nice weekend everyone and don't worry it should be quiet until at least Monday morning to analyze the crypto and stock monthly closings.
✅ Don't Be Fooled by the Mainstream Media.
❌ Silicon Valley Bank (21)
❌ Signature Bank (40)
❌ First Republic Bank (85)
♨️ PacWest Bancorp (67) ???
👉 No doubt that these successive collapses of regional US banks are not simple bank failures, but are the target of an orchestration to eradicate them from the banking US scene.
At the end of 2019, the FED (and the big banks) lowered the amount of equity/liquidity for these "mid-sized banks" only, knowing full well that this would make them highly fragile in times of crisis, as happened today where the Fed with the big banks don't come to their rescue (as they do so easily with financial US markets), and worst by leaving them in a process of bankruptcy before intervening during takeovers by tender at lower price!
👉 The largest US banks (JP Morgan, BoA, City...) that control the Fed, have always wanted to take control over the regional banking sector in order to have the banking monopoly in each region, and it's what we are seeing today.
❌ Silicon Valley Bank (21)
❌ Signature Bank (40)
❌ First Republic Bank (85)
♨️ PacWest Bancorp (67) ???
👉 No doubt that these successive collapses of regional US banks are not simple bank failures, but are the target of an orchestration to eradicate them from the banking US scene.
At the end of 2019, the FED (and the big banks) lowered the amount of equity/liquidity for these "mid-sized banks" only, knowing full well that this would make them highly fragile in times of crisis, as happened today where the Fed with the big banks don't come to their rescue (as they do so easily with financial US markets), and worst by leaving them in a process of bankruptcy before intervening during takeovers by tender at lower price!
👉 The largest US banks (JP Morgan, BoA, City...) that control the Fed, have always wanted to take control over the regional banking sector in order to have the banking monopoly in each region, and it's what we are seeing today.
⚠️ Did you know that last month the #IMF launched a new digital coin called Universal Currency Unit (#UMU or #Unicoin), an international version like a central bank digital currency #CBDC. However, it is legally a money commodity, intentionally working in all national jurisdictions, and not just for a local economy. To be continued...
✅ #SBF, the founder of the collapsed exchange #FTX, has pleaded not guilty to fraud, money laundering & other charges‼️
👉 Federal prosecutors have charged Mr. Bankman-Fried with orchestrating a vast fraud that misappropriated billions of dollars in customer money from FTX. The authorities have also charged him with money laundering, bribing the Chinese government and overseeing an illegal campaign finance scheme that showered tens of millions of dollars on Democratic and Republican candidates.
https://www.nytimes.com/2023/05/08/technology/sam-bankman-fried-defense.html
👉 Federal prosecutors have charged Mr. Bankman-Fried with orchestrating a vast fraud that misappropriated billions of dollars in customer money from FTX. The authorities have also charged him with money laundering, bribing the Chinese government and overseeing an illegal campaign finance scheme that showered tens of millions of dollars on Democratic and Republican candidates.
https://www.nytimes.com/2023/05/08/technology/sam-bankman-fried-defense.html
NY Times
Sam Bankman-Fried, in First Detailed Defense, Seeks to Dismiss Charges
The FTX founder, who has been charged with fraud, said the crypto exchange and its law firm had been acting against him and offering only the most incriminating evidence to prosecutors.
💩 Mutt heads, macaques, toads... these stupid #memecoins definitely only have bad sides:
🚩are strictly useless.
🚩give a very bad image of the Crypto market.
🚩causing many victims who end up with bags that are impossible to get rid of except to find other victims.
🚩create communities of liars to try to get rid of their bags by attracting new victims.
🚩their market caps skew the Total Crypto Market Cap.
🚩make people stupid
🚩encourage speculators/scammers
Note: If someone tells you that they have won a lot with one of these #shitcoins, just ask for proof with a screenshot of their buy/sell orders, then don't worry if you never get it! 😂
⚠️ Either way, STAY AWAY from these #memecoins because only their creators and conniving whales can make big money, these are the same kind of scams as the "Pump&Dump" organized by small groups.
🚩are strictly useless.
🚩give a very bad image of the Crypto market.
🚩causing many victims who end up with bags that are impossible to get rid of except to find other victims.
🚩create communities of liars to try to get rid of their bags by attracting new victims.
🚩their market caps skew the Total Crypto Market Cap.
🚩make people stupid
🚩encourage speculators/scammers
Note: If someone tells you that they have won a lot with one of these #shitcoins, just ask for proof with a screenshot of their buy/sell orders, then don't worry if you never get it! 😂
⚠️ Either way, STAY AWAY from these #memecoins because only their creators and conniving whales can make big money, these are the same kind of scams as the "Pump&Dump" organized by small groups.
✅ US Crypto Exchange #Bittrex filed for Bankruptcy Monday, months after announcing its intention to exit the US entirely.
👉 This only applies to Bittrex US, not Bittrex Global.
👉 This announcement does not affect Bittrex Global, which will continue to operate as normal for its customers outside of the United States.
⚠️ I have, personally, verified my own Bittrex account to confirm that the few cryptos I own on the exchange are #SAFU
👉 This only applies to Bittrex US, not Bittrex Global.
👉 This announcement does not affect Bittrex Global, which will continue to operate as normal for its customers outside of the United States.
⚠️ I have, personally, verified my own Bittrex account to confirm that the few cryptos I own on the exchange are #SAFU
✅ EU Council Unanimously Votes in Favor of #MiCA Legislation
After the EU Parliament's plenary vote on April 20, MiCA has cleared its last formal hurdle this morning.
It was adopted by the Council of the EU (EU member states) - a purely formal vote after the political agreements last year.
Next steps:
1) Publication in the official journal of the EU (shortly)
2) Entry into force 20 days after that
3) Entry into application
🔹12-month later for stablecoins (& stablecoin issuers)
🔹18-month later for other crypto-assets and CASPs
👉 Final MiCA text:
🌐 https://data.consilium.europa.eu/doc/document/PE-54-2022-INIT/en/pdf
👉 Today's Council of the EU press release:
🌐 https://consilium.europa.eu/en/press/press-releases/2023/05/16/digital-finance-council-adopts-new-rules-on-markets-in-crypto-assets-mica/
After the EU Parliament's plenary vote on April 20, MiCA has cleared its last formal hurdle this morning.
It was adopted by the Council of the EU (EU member states) - a purely formal vote after the political agreements last year.
Next steps:
1) Publication in the official journal of the EU (shortly)
2) Entry into force 20 days after that
3) Entry into application
🔹12-month later for stablecoins (& stablecoin issuers)
🔹18-month later for other crypto-assets and CASPs
👉 Final MiCA text:
🌐 https://data.consilium.europa.eu/doc/document/PE-54-2022-INIT/en/pdf
👉 Today's Council of the EU press release:
🌐 https://consilium.europa.eu/en/press/press-releases/2023/05/16/digital-finance-council-adopts-new-rules-on-markets-in-crypto-assets-mica/
✅ This week, the bitcoin mining company U.S. Bitcoin Corp revealed the firm has successfully secured hosting agreements with five different companies to install 150,000 application-specific integrated circuit (ASIC) bitcoin miners.
⚠️ On the one hand the American authorities are doing everything to kill the cryptos, and on the other they allow mass crypto mining.💩 Quelle bande de charlots ‼️
https://news.bitcoin.com/us-bitcoin-corp-secures-hosting-agreements-150000-bitcoin-miners/
⚠️ On the one hand the American authorities are doing everything to kill the cryptos, and on the other they allow mass crypto mining.💩 Quelle bande de charlots ‼️
https://news.bitcoin.com/us-bitcoin-corp-secures-hosting-agreements-150000-bitcoin-miners/
Bitcoin News
US Bitcoin Corp Secures Hosting Agreements for 150,000 Bitcoin Miners – Mining Bitcoin News
U.S. Bitcoin Corp (USBTC) unveiled its ambitious plan to unleash a formidable army of 150,000 bitcoin mining machines.
🚩#Bitcoin Quick Update‼️
👉 Even if 2 traders can see the same graph differently and obtain different results... in the case of $BTC some guys are absolutely looking for all the reasons (even with no-sens!) to try to explain that its price should drop and below 20K... whereas since the beginning of the year, #BTC's price structure shapes a rather clean bullish channel respecting the different phases, with impulsive waves to breakout any resistance in order to reach higher prices but also by creating accumulation ranges for week/month(s), before seeing some pullbacks on previous high price supports to bounce from there and start a new cycle with same phases to bring #BTC price towards new highs slowly, BUT with confidence & solidity!
Have a nice Sunday everyone! ☀️🙏🏼
👉 Even if 2 traders can see the same graph differently and obtain different results... in the case of $BTC some guys are absolutely looking for all the reasons (even with no-sens!) to try to explain that its price should drop and below 20K... whereas since the beginning of the year, #BTC's price structure shapes a rather clean bullish channel respecting the different phases, with impulsive waves to breakout any resistance in order to reach higher prices but also by creating accumulation ranges for week/month(s), before seeing some pullbacks on previous high price supports to bounce from there and start a new cycle with same phases to bring #BTC price towards new highs slowly, BUT with confidence & solidity!
Have a nice Sunday everyone! ☀️🙏🏼
🇹🇭 Sawasdee Thailand!
✅ Gulf Binance has now been granted digital asset operator licenses by Thailand's Ministry of Finance.
🔹Gulf Binance Co., Ltd. is a joint venture between Binance and Gulf.
🔹The joint venture has now received digital asset operator licenses from Thailand’s Ministry of Finance for a digital asset platform, regulated by the country’s Securities and Exchange Commission, and aims to launch operations in Thailand by Q4 2023.
🔹The partnership will combine Binance's digital asset expertise with Gulf's deep understanding of the Thai market to deliver the best value possible to users.
✅ Gulf Binance has now been granted digital asset operator licenses by Thailand's Ministry of Finance.
🔹Gulf Binance Co., Ltd. is a joint venture between Binance and Gulf.
🔹The joint venture has now received digital asset operator licenses from Thailand’s Ministry of Finance for a digital asset platform, regulated by the country’s Securities and Exchange Commission, and aims to launch operations in Thailand by Q4 2023.
🔹The partnership will combine Binance's digital asset expertise with Gulf's deep understanding of the Thai market to deliver the best value possible to users.
🚩#Bitcoin Quick Update‼️
👉 Consolidation is a phase where the price structure oscillates within a range. The trend is said to be sideways and may vary depending on circumstances BUT here in the case of BTC it is clearly an uptrend. Once this range is broken it can lead to larger moves, but until the range is intact the move cannot be clearly predicted >>> It's why most BTC analysis today are just a fully waste of time.
⚠️ The longer this period, the stronger the next impulse wave will be, reducing also the risk of a return to low prices.
👉 Consolidation is a phase where the price structure oscillates within a range. The trend is said to be sideways and may vary depending on circumstances BUT here in the case of BTC it is clearly an uptrend. Once this range is broken it can lead to larger moves, but until the range is intact the move cannot be clearly predicted >>> It's why most BTC analysis today are just a fully waste of time.
⚠️ The longer this period, the stronger the next impulse wave will be, reducing also the risk of a return to low prices.