Forwarded from AlanBKK ๐ฆด
โ
$110 millions of shorts liquidated in 15 minutes. BTC at 20K, it is not yet for tomorrow. ๐
Forwarded from AlanBKK ๐ฆด
โ
Here is an introduction about a sentence formed by 3-words, you may have heard people discussing in trading: "Dead Cat Bounce."
Forwarded from AlanBKK ๐ฆด
๐Firstly, this phrase is derived from an old expression that "even a dead cat will bounce once if it falls from a great height."
๐In trading, a "Dead Cat Bounce" is a continuation pattern that looks in the beginning like a reversal pattern. It begins with a downward move followed by a significant price retracement. The price fails to continue upward and instead falls again downwards, and surpasses the prior low refers to a brief recovery in a declining trend.
๐I won't go into details as this pattern is very complex and also difficult to spot when it actually occurs.
However a "Dead Cat Bounce" usually has the following indications:
๐นThe stockโs price has fallen consistently.
๐นThe stock regains value, but for a brief time.
๐นThe stock loses value again with consistent a downward trend.
โ ๏ธ REMARK: Understanding market fundamentals is essential to determining if an uptick in the price structure will be a "Dead Cat Bounce" or a "Market Reversal", before making further investment decisions.
๐In trading, a "Dead Cat Bounce" is a continuation pattern that looks in the beginning like a reversal pattern. It begins with a downward move followed by a significant price retracement. The price fails to continue upward and instead falls again downwards, and surpasses the prior low refers to a brief recovery in a declining trend.
๐I won't go into details as this pattern is very complex and also difficult to spot when it actually occurs.
However a "Dead Cat Bounce" usually has the following indications:
๐นThe stockโs price has fallen consistently.
๐นThe stock regains value, but for a brief time.
๐นThe stock loses value again with consistent a downward trend.
โ ๏ธ REMARK: Understanding market fundamentals is essential to determining if an uptick in the price structure will be a "Dead Cat Bounce" or a "Market Reversal", before making further investment decisions.
Forwarded from AlanBKK ๐ฆด
๐ฉThe SandBox #SANDUSD (Binance TF. 2-hour)
Well, it doesn't seem that $SAND is done here... and a new ATH is again in the air! ๐
Well, it doesn't seem that $SAND is done here... and a new ATH is again in the air! ๐
Forwarded from AlanBKK ๐ฆด
๐ฅ The #Bitcoin is now testing the $40K level, and just hit its 40-day high, at $40,013
Power Crypto Club
๐ G'morning Amazon! ๐ Amazon Developing Crypto Strategy "Weโre inspired by the innovation happening in the #cryptocurrency space and are exploring what this could look like on Amazon." www.news.bitcoin.com/amazons-payment-team-hiring-digital-currency-expertโฆ
โก๏ธBREAKING NEWS โก๏ธ
Damn ... Amazon would have denied the rumors of acceptance of Bitcoin!
โ ๏ธ The source seems legitimate even though no name has been given yet. (see bellow)
๐ #ZeroHedge was one of the first to post the news on Twitter. Amazon denied the report from City A.M., according to Zero Hedge. It added that it has no plans to launch a crypto by 2022 and will not accept Bitcoin this year but that it will continue to explore cryptocurrencies and blockchain.
Damn ... Amazon would have denied the rumors of acceptance of Bitcoin!
โ ๏ธ The source seems legitimate even though no name has been given yet. (see bellow)
๐ #ZeroHedge was one of the first to post the news on Twitter. Amazon denied the report from City A.M., according to Zero Hedge. It added that it has no plans to launch a crypto by 2022 and will not accept Bitcoin this year but that it will continue to explore cryptocurrencies and blockchain.
Forwarded from AlanBKK ๐ฆด
โ
What's next for Bitcoin after that Amazon denied crypto reports?
๐ Here is the Technical Analysis Graph that I made it very simple and with only the indicators needed. @AlainBKK
๐ Here is the Technical Analysis Graph that I made it very simple and with only the indicators needed. @AlainBKK
Forwarded from AlanBKK ๐ฆด
โ
What's next for Bitcoin after that Amazon denied crypto reports?
๐ Well, I would like to say nothing more & nothing less than what is expecting in a range.
๐ BTC continues to swinging between North (resistance) and South (support), in its 64-day mature range.
๐ 3 days ago, BTC price surged from the horizontal support (as predicted) for a bullrun that reached the opposite range side, to hit the horizontal resistance, before having a retracement in the mid-range.
๐ No doubt that both of these levels (support & resistance) might be retested at any time.
๐ At this stage, saying the BTC breakout will occur from its range by the North or the South is like betting Red or Back in casino... BECAUSE in trading we usually need the validation from at least 3 technical indicators in order to evaluate the upcoming trends, and then we can be able to make +/- reliable predictions.
๐ There are a lot of technical indicators, but here are 3 of them that seems more appropriate to the current BTC technical context, that I will be watching closely in order to try to anticipate any BTC breakout.
๐น The 4-month-old Bearish Trend Line (yellow color) that could be a strong resistance, BUT will need to be broken in order to see the BTC progressing above $42K level.
๐น The 50/100/200 Moving Averages which are now in same levels as the last daily candles, BUT each should take a position either above (resistance) or below (support) from the BTC price structure.
๐น The (downtrend) Descending Triangle which is a Bearish Pattern. BTC is now moving in the last 1/3 part of the triangle where almost all breakouts occur, EXCEPT if the King decided to navigate until the end of the triangle for making more suspense, and stress us a little more! ๐ @AlainBKK
๐ Well, I would like to say nothing more & nothing less than what is expecting in a range.
๐ BTC continues to swinging between North (resistance) and South (support), in its 64-day mature range.
๐ 3 days ago, BTC price surged from the horizontal support (as predicted) for a bullrun that reached the opposite range side, to hit the horizontal resistance, before having a retracement in the mid-range.
๐ No doubt that both of these levels (support & resistance) might be retested at any time.
๐ At this stage, saying the BTC breakout will occur from its range by the North or the South is like betting Red or Back in casino... BECAUSE in trading we usually need the validation from at least 3 technical indicators in order to evaluate the upcoming trends, and then we can be able to make +/- reliable predictions.
๐ There are a lot of technical indicators, but here are 3 of them that seems more appropriate to the current BTC technical context, that I will be watching closely in order to try to anticipate any BTC breakout.
๐น The 4-month-old Bearish Trend Line (yellow color) that could be a strong resistance, BUT will need to be broken in order to see the BTC progressing above $42K level.
๐น The 50/100/200 Moving Averages which are now in same levels as the last daily candles, BUT each should take a position either above (resistance) or below (support) from the BTC price structure.
๐น The (downtrend) Descending Triangle which is a Bearish Pattern. BTC is now moving in the last 1/3 part of the triangle where almost all breakouts occur, EXCEPT if the King decided to navigate until the end of the triangle for making more suspense, and stress us a little more! ๐ @AlainBKK
Forwarded from AlanBKK ๐ฆด
It's never too late for taking the right decisions! ๐
https://cointelegraph.com/news/binance-will-work-with-regulators-as-it-expands-says-ceo
https://cointelegraph.com/news/binance-will-work-with-regulators-as-it-expands-says-ceo
Cointelegraph
Binance CEO wants to 'work with regulators' as the exchange expands
Binance chief executive officer Changpeng Zhao said the crypto exchange would depart from its decentralized approach to finance and coordinate with regulators as the company expands.
Forwarded from AlanBKK ๐ฆด
โ
Ethereum, the Queen of the Crypto Market with Huge Potential. (Rank #2)
๐ Among all cryptos that have a chartist history, Ethereum will remain one of my favorites for its specific pricing structure that is beautiful and nice to watch, with its solid patterns, proper pullbacks, precise overlaps on support, straight breakouts, bullrun structures with perfect 5-impulsive-Elliott- wave, and much more...
๐ At last but not least, #ETH is one of this very few cryptos to have never formed any major speculative uptrend (speculative bubble) in its pricing structure.
๐ To conclude, I would like to say that everything is also in the image of its creator, the genius Russian-Canadian Vitalik Buterin.
โ ๏ธ TA Charts shared: #ETHUSD. Time-Frame: 1-day & 1-hour.
๐ Have a look to the 20/50/100/200 Moving Averages indicator, which are all taking position just under the current daily candle, and for the first time since 74-day.
๐ Among all cryptos that have a chartist history, Ethereum will remain one of my favorites for its specific pricing structure that is beautiful and nice to watch, with its solid patterns, proper pullbacks, precise overlaps on support, straight breakouts, bullrun structures with perfect 5-impulsive-Elliott- wave, and much more...
๐ At last but not least, #ETH is one of this very few cryptos to have never formed any major speculative uptrend (speculative bubble) in its pricing structure.
๐ To conclude, I would like to say that everything is also in the image of its creator, the genius Russian-Canadian Vitalik Buterin.
โ ๏ธ TA Charts shared: #ETHUSD. Time-Frame: 1-day & 1-hour.
๐ Have a look to the 20/50/100/200 Moving Averages indicator, which are all taking position just under the current daily candle, and for the first time since 74-day.
Forwarded from AlanBKK ๐ฆด
๐ฉ As said earlier today, the BTC doesn't seem to giving-up so easily after this $40K level... and as proof, it just retested and crossed it.
Forwarded from AlanBKK ๐ฆด
โ
Not bad at all for a financial asset that is despised, and even hated, by most Central Banks, the IMF and other financial institutions.
There are only 2 commodities (Gold + Silver) and the GAFAM which are ranked before the Bitcoin !!!! ๐ค
There are only 2 commodities (Gold + Silver) and the GAFAM which are ranked before the Bitcoin !!!! ๐ค
Forwarded from AlanBKK ๐ฆด
๐ฉRipple #XRPUSD (Binance TF. 1-day)
โ ๏ธ To speak frankly I'm not a fan of Ripple, except when there are opportunities to buy #XRP under $ 0.18 coz in the past, I made nice and easy gains by scalping its price. ๐
๐ Please, find here the TA updated. We see a double bottom with the price structure testing the 9-month-old resistance, so at this stage it may be safe to wait and see the breakout validated, before to take any position. I did not added moving averages indicators but at this time the MA50/100/200 are all positioned above the last daily candle.
โ ๏ธ To speak frankly I'm not a fan of Ripple, except when there are opportunities to buy #XRP under $ 0.18 coz in the past, I made nice and easy gains by scalping its price. ๐
๐ Please, find here the TA updated. We see a double bottom with the price structure testing the 9-month-old resistance, so at this stage it may be safe to wait and see the breakout validated, before to take any position. I did not added moving averages indicators but at this time the MA50/100/200 are all positioned above the last daily candle.
Forwarded from AlanBKK ๐ฆด
โ
The timing of this announcement makes me believe clarity with the SEC is right around the corner.
๐ We need more details in coming days, but it could be one of the greatest crypto news we having since a while.
๐ We need more details in coming days, but it could be one of the greatest crypto news we having since a while.
Forwarded from AlanBKK ๐ฆด
โ
Rumor #Phamton #Solana
๐ I wanted to prepare a note to share with you about on the new PHANTOM wallet that I tested, and which will become as famous as the Metamask and BinanceSmartChain wallets... and I just came NOW across a rumor in the Phantom Twitter account about an announcement to come soon with the hashtag #SOLANA in the Tweet.
As Solana network is already supported by Phantom wallet and we can transfer #SOL tokens there... I have no idea at all about topic of this announcement, but better to keep an eye on Solana chart.
๐ I wanted to prepare a note to share with you about on the new PHANTOM wallet that I tested, and which will become as famous as the Metamask and BinanceSmartChain wallets... and I just came NOW across a rumor in the Phantom Twitter account about an announcement to come soon with the hashtag #SOLANA in the Tweet.
As Solana network is already supported by Phantom wallet and we can transfer #SOL tokens there... I have no idea at all about topic of this announcement, but better to keep an eye on Solana chart.
Forwarded from AlanBKK ๐ฆด
โ
Original message tweeted 1 hour ago by Phantom on their official Twitter account
Power Crypto Club
๐ฉTerra "powered by Luna" #LUNAUSD (Binance TF. 1-day) ๐ I coming back to the #LUNA price structure that has completely evolved in these 2 last weeks by forming a bullish and exciting "Eve and Adam" double bottoms pattern, which the price is now just underโฆ
โ
The Breakout on the Neckline + Retest on it has now validated the "Eve and Adam" pattern, and the target's hunting started.
๐ Right now, the price hits $10 (+30%) and still moving-up,
The TP1 was reached with +16.88% of gains.
๐ Right now, the price hits $10 (+30%) and still moving-up,
The TP1 was reached with +16.88% of gains.
Forwarded from AlanBKK ๐ฆด
๐ฉResults from yesterday talks:
www.facebook.com/webalainbkk
๐ Nice Pump for Haven Protocol over 24h:
๐น #XHVUSD +62%
๐น #XHVBTC +62%
๐ Terra "powered by Luna"
๐น LUNAUSD TP2 50.65%
๐ MyNeighborAlice Hits a New High @ $16.50
๐น #ALICEUSD +14.23%
www.facebook.com/webalainbkk
๐ Nice Pump for Haven Protocol over 24h:
๐น #XHVUSD +62%
๐น #XHVBTC +62%
๐ Terra "powered by Luna"
๐น LUNAUSD TP2 50.65%
๐ MyNeighborAlice Hits a New High @ $16.50
๐น #ALICEUSD +14.23%