Trading Crypto Guide ™
#GOLD UPDATE : #GOLD correctively moved upwards and but failing to sustain above the zone. Price did gave a fakeout, so expecting the drop lower supports around $2300 and $2278.
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Trading Crypto Guide ™
#BTC weekly candle close heavily bearish with no wick at the bottom and trading below the $63,000. Now the expectations are $61,000 and lower support gonna be tested and a reversal can be expected.
#Bitcoin surpasses the expectation 🔹
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#BTC $60,000 📉
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Trading Crypto Guide ™
News & Analysis Perfectly Played inline 💬
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Trading Crypto Guide ™
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Trading Crypto Guide ™
#BTC weekly candle close heavily bearish with no wick at the bottom and trading below the $63,000. Now the expectations are $61,000 and lower support gonna be tested and a reversal can be expected.
Extending the support on the left, #BTC exactly bounced from the support zone around $59,500 and strong reacting. There's still a lot of bearish momentum on the left or it might be just a pullback, so can't just anticipate a clean reversal.
Trading Crypto Guide ™
#TOTAL MARKETCAP UPDATE : #TOTAL MARKETCAP stayed intact with the resistance area and dropped hard. Analysis played well though, market dumped as mentioned. Right now, Index on a support and need to wait for the Daily candle close. Close below will have the…
With Coinbase serving both ETF clients and conventional on-chain asset holders, the gravity of the exchange in the market pricing process has become significant. Evaluating the number of Whale Deposits to Coinbase exchange wallets, we can see a considerable increase in deposit transactions following the launch of the ETFs.
However, we note a significant portion of the deposits are associated with the outflows from the GBTC address cluster, which has been a long-standing supply overhead throughout the year.
However, we note a significant portion of the deposits are associated with the outflows from the GBTC address cluster, which has been a long-standing supply overhead throughout the year.
Trading Crypto Guide ™
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Trading Crypto Guide ™
Extending the support on the left, #BTC exactly bounced from the support zone around $59,500 and strong reacting. There's still a lot of bearish momentum on the left or it might be just a pullback, so can't just anticipate a clean reversal.
#BTC rejected from the support and nothing happened much. H4 is still in bearish plays but LTF made it bullish now. Price seems to be exhausted now, so a retest might come.
Notice of Removal of Spot Trading Pairs - 2024-06-28
https://www.binance.com/en/support/announcement/3d9bdfbcdd5c4bc5801fb67765c5a15d
https://www.binance.com/en/support/announcement/3d9bdfbcdd5c4bc5801fb67765c5a15d
Trading Crypto Guide ™
#US30 UPDATE : #US30 moving as per the projections and Expecting rejecting the resistance and support too. Price stuck between the zones and now need to eye on the breakouts. Never the less, the breakout will drive the dive either side, so take it accordingly.
Looking at the CME Group futures market, open Interest has stabilized above $8B, after setting a new record high of $11.5B in March 2024. This may signal that an increasing number of traders from traditional markets are adopting a cash-and-carry-arbitrage strategy.
This arbitrage involves a market-neutral position, coupling the purchase of a long spot position, and the sale (short) of a position in a futures contract of the same underlying asset which is trading at a premium.
This arbitrage involves a market-neutral position, coupling the purchase of a long spot position, and the sale (short) of a position in a futures contract of the same underlying asset which is trading at a premium.
Trading Crypto Guide ™
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#BTC rejected from the support and nothing happened much. H4 is still in bearish plays but LTF made it bullish now. Price seems to be exhausted now, so a retest might come.
#BTC didn't moved alot but LTF shifted to bearish again. Price might go for an another retest, back to support or form a double bottom for turning the price.