FED HIKES BY 25 BPS

@cryptosignals

This FED INCREASE BRINGS RATES TO 16-YEAR HIGH ...

@cryptosignals

FED'S POWELL SAYS THAT IT WOULD NOT BE APPROPRIATE TO CUT RATES THIS YEAR GIVEN CENTRAL BANK'S VIEW THAT IT WILL TAKE SOME TIME FOR INFLATION TO COME DOWN

@cryptosignals

https://www.tradingview.com/x/LIai7ywt/

#BTC

BTC Bounced after FOMC but still below Lower Highs, so thats why we should remain Cautious however BTC printed a Higher Lows around 27.8k which is good for Bullish Continuation as long as Price action is above 27.8k bullish Scenario can't be written off.

Two Scenarios are Brewing right now. what u think ?

🔥 Pump to 32K - 35K
👀 Dump to 25K - 22.4K

@cryptosignals

https://www.tradingview.com/x/NAExqlah/

#BTC finding resistance at Monthly open

@cryptosignals

https://www.tradingview.com/x/QbwSlSWm/

#ETH is up against resistance

@cryptosignals

https://www.tradingview.com/x/bZIVcLYP/

#DXY

Still Holding The Range Low while BTC,ETH,GOLD at resistance while SPX,NASDAQ already Correcting.

u know what's coming when DXY bounce?

@cryptosignals

https://www.tradingview.com/x/LkblLme3/

#ATOM

Atom Making Lower Highs but somehow holding Above the Range low and MAs Crossover Indicating Indecision i,e Distribution. So Can't say that distribution will get into Decline but if Atom loses Range Low 10$ then potential Level of Support around 9 -8.5$

@cryptosignals

EVERYDAY DIGEST
(May 4, 2023)

▪️ PacWest is weighing strategic options, including possible sale.
▪️ President Bukele eliminates all taxes on tech innovations.
▪️ Deloitte enters the Polkadot ecosystem to issue reusable digital credentials.
▪️ Coinbase to stop issuing new loans via Coinbase Borrow on May 10.
▪️ Jury convicts former OpenSea product head after NFT insider trading trial.
▪️ Bloomberg, others ask court to release FTX customer details.
▪️ Robert Kennedy Jr. condemns Biden’s proposed 30% Bitcoin mining tax.
▪️ Curve to redeploy crvUSD stablecoin on Ethereum after 'mistake in deployment script'.
▪️ North Carolina joins Florida in passing anti-CBDC legislation.
▪️ Ethereum transaction fees at their highest since May 2022 amid memecoin mania.

@cryptosignals

https://www.tradingview.com/x/MQEoDipT/

#BTC Trying Hard to break above Lower Highs

@cryptosignals

https://www.tradingview.com/x/wKxAmf18/

#BTC Targeting resistance with series of Higher Lows in LTF so it means once it gets complemented with New Higher High then it will Breakout Hard.

@cryptosignals

https://in.tradingview.com/x/Gzdt3sST

#BTC testing Resistance again

@cryptosignals

EVERYDAY DIGEST
(May 5, 2023)

▪️ Kenya’s government plans crypto, influencer tax as cash sources dry.
▪️ Paxful co-founder plots ambitious plan to reopen p2p crypto trading after company implosion.
▪️ Pepe memecoin tops $1 billion market cap even as Binance flags lack of utility.
▪️ U.S. adds 253k jobs in april, topping expectations for 180k.
▪️ BNP Paribas will link digital yuan to bank accounts for promoting CBDC use.
▪️ South Korean Prosecutor calls for Do Kwon to face charges in home country.
▪️ Coinbase earnings beat estimates, interest income from USDC nears $200 million.
▪️ New York could force crypto firms to refund fraud victims with new legislation.
▪️ Montana governor signs pro-cryptocurrency mining bill into law.
▪️ UK’s FCA takes action against illegal crypto ATM operators.

@cryptosignals

Caution;-

#PEPE trading is Risky. Stay away and secure ur capital if u can.

@cryptosignals

https://www.tradingview.com/x/bg8MgCwL/

#BTC H1 Timeframe

Intraday Sellers Slowly regaining Control, Once BTC loses and closes below 29.3k then they can exercise Full control. As BTC fails to Print Higher High in this move so Far which means chances of retest 28.8k - 28.7k is likely which is must hold level for LTF continuation. Breaking below 28.7k in LTF means Trend Termination.

@cryptosignals

https://www.tradingview.com/x/l6y1PIb4/

#BTC Daily

Nothing Changed as its still getting rejected from Level to Break to fly High

@cryptosignals

https://www.tradingview.com/x/2KO3XCSy/

#BTC

PA still below Lower Highs

@cryptosignals

https://www.tradingview.com/x/De9TK7z6/

#ETH

ETH getting supported by rising MA50 Daily and its good to move up until its holding above the Green ellipse i.e must not lose 1800$, Reclaim 2020 for Bullish Continuation

@cryptosignals

https://www.tradingview.com/x/iB68dwEG/

What If?

@cryptosignals

https://www.tradingview.com/x/IY5wSEQ2/

#ADA

ADA maintaining Its Uptrend since the Beginning of 2023 however its now Trading between AVWAP Pinch which means it has to break above 0.41 to move higher or break below 0.36 to enter consolidation phase.

@cryptosignals

Members Asking me what's the Use Of AVWAP?

Well AVWAP is One of the Most Important Tools you need to Apply and Understand to be in the Smart Money Group.

@cryptosignals