Another Bitcoiner Claims He Lost $430,000 in Electrum Wallet Scam. A year-old exploit in outdated Electrum wallets keeps claiming unsuspecting victims, taking their Bitcoin.

Things get exciting when people get greedy

Looks like we got it right again.💪🏻

I have noticed a trend in funding rates and price movement of assets. BAL currently has a great negative and is worth longing. Take a shot at it.

Entry below $32

Target $40+

No updates for the time being.

Credits to CryptoPro for this analysis. Its scary AF and might be true

This is what many out there will not show you because they just don't have the time to switch to a monthly chart and look for an exchange with enough data.

The pair you see is LTC/USD and obviously it doesn't look good. And yes, if things continue like this, we're looking at a potential -88% fall for LTC over months to come.

This is the monthly chart for LTC/USD on Bitfinex. After price hit $370 back in December 2017, price has been in a constant downtrend till date. Well, even though many majors haven't also made any highs yet, their charts look a bit more promising than that of LTC.

With LTC, not only are we seeing a downtrend, we're seeing a clear descending triangle, which is one of the most deadliest bearish patterns out there. We remember when the descending triangle on BTC broke at $6000 in November 2018, price fell -50% after that.

So it's really bad to see LTC in this kind of situation and even worse that price couldn't rally out of the diagonal resistance when BTC pumped all the way from $3100 to $10000. That should spell out how weak LTC has been in the last months.

During the recovery from the COVID-19 dump, BTC did a total of +244% from $3600 to $12400, ETH did +403% from $86 to $489, ADA did +910% from $0.017 to $0.172. And just like LTC, some majors underperformed too.

Back to the monthly chart. The green zone is the last stand for bulls to defend LTC from falling off a cliff. Any asset can decouple from the rest or accelerate than the rest so it won't be surprising for LTC to fall more even if the other majors fall just a little if monthly support is broken.

Clients are accumulating spot for LTC (not leverage) because we're at the beginning of the month and the previous monthly close wasn't too bad. The fact that we have a deviation below the support and the recent wick down to tear the long term uptrend line closed back above the support shows we can give this the benefit of the doubt.

We will be using the weekly and daily time frames to gauge price action to see if we should get out of LTC and get ready to short it again or to keep accumulating. Remember we shorted from $63 to this monthly support.

The monthly RSI will support a big fall to $4.63 support if we close bearish for this month on LTC. If you're the conservative type, you could wait for LTC to break the diagonal downtrend line and then start buying or wait for a monthly or weekly close above $67 to start buying.

From there we're looking at $123 and $222 as targets. However if the more bearish idea plays out, which has a high chance of playing out, we are in for a bloodbath.

It's been a while we did a somewhat indepth analysis like this here so we decided to make today an exception. Seems like only Whale members have access to this.

https://www.tradingview.com/x/Uhs6afnQ/

https://www.tradingview.com/x/o5a3OcnU/

You already know how much I trust this move. Now we have nailed the targets.

Now you know why I didn't touch the DeFi game

My thoughts about the recent price action. I have highlighted some key aspects to keep in mind for the next trading session. Do not miss this audio.
Apologies for the format, OnePlus has that as default🙈

Trading on Binance took the world by storm with stunning UI and fabulous referrals in their first year. Times have changed and now they are a household name. Marking the 1st anniversary of their video contest, we present to you a highly informative one-stop educational video covering all aspects of binance futures.
https://youtu.be/2l7H1r6R0x0

Spent a hell of a lot of time making this. Please show your support by dropping a like and comment ❤️

Moving towards a more educational post, here is a brief about OKB Token.

I'll be dropping some charts in a few hours. Stay tuned
Link

As a trader, honestly look at this chart and assess if you should even be investing in CRV.

These are some of the assets on the market that should be avoided at all cost. In the slightest opportunity that this can be considered an investment option is when we start closing above $2.215.

Even at $2.215, you're only actually aiming for a potential 0.91 risk/reward. Instead it'd be better to wait for a firm break of $2.675, a bit of consolidation and then buy when a strong pattern develops.

There are many Defi assets on the market that will keep making new lows just like the ICO bubble. As at now there are many stuck with investments in CRV and just hoping for price to appreciate.

The best action is to take any loss and wait it out because we could fall an extra -50% from here.

https://www.tradingview.com/x/7Nt0hV03/

$XLM Analysis

Here is the high time frame perspective from the Stellar Lumens. The price is testing the strong area of support trend line . Not just that, the price is still maintaining the form of higher low too. On the other hand, the oscillator indicator is looking good with a potential of hidden bullish divergence as the possible upside continuation. If this trend line can holds the price from further drop , we may see an upside moves with a minimum retest at the interim swing high.

SUSHI is not asset to be buying at this moment. Don't be blinded by the pump due to the news.

It still looks weak as it moves in a descending triangle. Would be best to stay away from it until it shows some strength.

https://www.tradingview.com/x/Il6sXzZC/

When Bitcoin's 30-day return hits this lower threshold (we are very close now), it is usually followed by 30-day gains of 20-40%.

EOS is one of the assets we've been shorting for a while now because it looks quite as bearish as LTC and BCH.

There isn't much support to the downside anymore after closing the week under $2.813. We have a zone between $1.87 and $2.04 which is not that strong.

After that we have the zone between $1.1 and $1.25 as support, this is where we may have some sort of chance but this can fail too, but we'll know when we get there. This is medium-strength support.

Lastly, is the support zone between $0.55 and $0.71. This is where we'd expect some consolidation.

https://charts.cointrader.pro/snapshot/8k7y6

https://bzx.network/blog/incident

How to downplay shithousery 101

Last night BZx was hacked :

219,199.66 Link ($2.6M)
4,502.70 ETH ($1.6M)
1,756,351.27 USDT ($1.7M)
1,412,048.48 USDC ($1.4M)
667,988.62 DAI ($0.6M)

That's $8M in user deposits lost in total, or around ~30% of bZx's TVL, which has since dropped 68% in the past 24hr

* User funds are safe as lost funds will be covered by insurance.

https://www.tradingview.com/x/Nqx2s5Cl/

$LINK Short

Credits to my buddy BamRock for this idea. Link is following its bearish trend. Its a viable short.

Check @bamRockTrading out for scalps