🧨 Huobi's stablecoin reserves fell by 33% ($49 million) last week as traders withdrew their funds in response to reports of alleged arrests of the exchange's executives.
Background: Authorities are currently investigating Huobi exchange over fraud and suspicions of concealed insolvency, prompting a surge in user withdrawals.
In a countermove, Justin Sun injected $200M USDT to offer liquidity, aiming to stabilize the exchange amidst the crisis.
💡The repercussions of the exchange's downfall can be massive, and would easily extend to the broader crypto sector, including Bitcoin. Something the involved parties seem keen to avoid (especially after what happened with FTX).
Background: Authorities are currently investigating Huobi exchange over fraud and suspicions of concealed insolvency, prompting a surge in user withdrawals.
In a countermove, Justin Sun injected $200M USDT to offer liquidity, aiming to stabilize the exchange amidst the crisis.
💡The repercussions of the exchange's downfall can be massive, and would easily extend to the broader crypto sector, including Bitcoin. Something the involved parties seem keen to avoid (especially after what happened with FTX).
CryptoBullet
🧨 Huobi's stablecoin reserves fell by 33% ($49 million) last week as traders withdrew their funds in response to reports of alleged arrests of the exchange's executives. Background: Authorities are currently investigating Huobi exchange over fraud and suspicions…
If you trade/keep funds on Huobi, be extremely cautious❗️☝️
Huobi exchange looking like it's a slow moving train wreck, nearing its final throws.
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Huobi exchange looking like it's a slow moving train wreck, nearing its final throws.
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CryptoBullet
#BTC 1D update Nothing’s changed, still bullish 📈 Green box is for opening long positions Trade with me on Bitget ➡️ https://bonus.bitget.com/BGCryptoBullet 🔥 Up to $8,000 Welcome Bonus for new users when they register, deposit & trade! No KYC required
So far so good! #BTC is bouncing as expected 📈😉
$MINA Macro chart
Just look at this humongous Falling Wedge that's been developing on $MINA since its listing 👀
Next leg down should be the final one (obvious Buy for me)
📍Buy Zone: $0.35-0.25
Resistance 1: $0.90-1.20 (not a big deal)
🔑 Key Resistance: $2.15-3.55 (Target 1)
🎯 Target 2 - $14.5
🏁 Bull Market Top/Target 3 - $40
Just look at this humongous Falling Wedge that's been developing on $MINA since its listing 👀
Next leg down should be the final one (obvious Buy for me)
📍Buy Zone: $0.35-0.25
Resistance 1: $0.90-1.20 (not a big deal)
🔑 Key Resistance: $2.15-3.55 (Target 1)
🎯 Target 2 - $14.5
🏁 Bull Market Top/Target 3 - $40
CryptoBullet
$EGLD #Elrond Macro 📍Buy Zone: $21-28 Long term #HODL
$EGLD #MultiversX Macro Update
It’s been almost a year since I shared my $EGLD Macro chart. Nothing’s changed. IMO everything below Resistance 1 is Accumulation
We’re slowly approaching my Buy Zone $28-21 📍 👀
I’m sure we’ll dip into it this year, so I keep my stables ready.
Resistance 1: $60-70 (not a big deal)
Resistance 2: $130-160 (Target 1)
🎯 Target 2 - $270
🏁 Bull Market Top/Ultimate Target - $870
It’s been almost a year since I shared my $EGLD Macro chart. Nothing’s changed. IMO everything below Resistance 1 is Accumulation
We’re slowly approaching my Buy Zone $28-21 📍 👀
I’m sure we’ll dip into it this year, so I keep my stables ready.
Resistance 1: $60-70 (not a big deal)
Resistance 2: $130-160 (Target 1)
🎯 Target 2 - $270
🏁 Bull Market Top/Ultimate Target - $870
CryptoBullet
#BTC Hash Ribbons Buy signal flashed on the weekly for the first time since August 2021 🔵 This indicator has crazy stats!🔥
CryptoBullet
$INJ 1W update $INJ is entering the Sell/Take Profit Zone again 🤫 Give me a Higher High and then we crush it 🔨📉
$INJ 1W update
So far so good. Following the plan
So far so good. Following the plan
#BTC Bollinger Bands are the tightest since... January 2013! 👀👀
This is truly remarkable. Such an extreme volatility contraction is very rare.
Serious volatility spike is coming, so watch out❗️
This is truly remarkable. Such an extreme volatility contraction is very rare.
Serious volatility spike is coming, so watch out❗️
#BTC BBs 1d zoomed in
What's interesting here is that when the Bollinger Bands get very tight, we usually get a false move first and then the real one in the opposite direction 🧐
What's interesting here is that when the Bollinger Bands get very tight, we usually get a false move first and then the real one in the opposite direction 🧐
#BTC broke the support trend line of this mini bull / echo bubble 📉
I thought we would bounce off it one more time before breaking it 😓
RSI hasn’t been this oversold since March 10th 👀
So we can get a bounce at least
I thought we would bounce off it one more time before breaking it 😓
RSI hasn’t been this oversold since March 10th 👀
So we can get a bounce at least
CryptoBullet
Oh sh*t, it's the INVERTED #BTC 2w chart! 😅😁 Sorry moonboys, looks like Bitcoin ETFs ain’t saving you This massive Falling Wedge looks really bullish 📈 (i.e. #BTC should dump to the low 20ks in Q4)
$800M longs wiped out today
#Bitcoin ETF narrative did a great job luring people in
(I warned you about it just 2 weeks ago)
#Bitcoin ETF narrative did a great job luring people in
(I warned you about it just 2 weeks ago)