Posts

Bitcoin Is Not for Beginners. This Is Where Smart Money Wins

Image
Something changed on the $BTC chart… and most people missed it. This is where smart money gets active and retail gets confused The $BTC chart shows a market that has moved from a strong uptrend into a phase of indecision. The price action inside the ascending channel was solid, but the double top near the $79,500 level suggests that buyers are losing the strength to push higher. When a double top forms at the top of an ascending channel, it usually means the trend is getting weaker. The breakdown from the consolidation zone is a negative sign, as it shows that the support level, which should have held, is now being controlled by sellers. Going forward, the green zones are important areas to watch. If price manages to hold there, it would mean buyers are still active and the overall trend can continue. But if price breaks below these levels with strength, it likely means sentiment has shifted and a deeper correction could follow. In this situation, patience is key. It’s better to wait a...

BREAKING: Tesla sold 75% of its #bitcoin holdings in Q2 ?

Image
  BREAKING: Tesla sold 75% of its #bitcoin holdings in Q2 Wow we can clearly see the FUD on the chart and the pumped price has started falling, very bad for the traders who just had opened their long they may be liquidated any moment if the trade is on high leveraged. Source -  https://tesla-cdn.thron.com/static/EIUQEC_2022_Q2_Quarterly_Update_Deck_J8VLIK.pdf?xseo=&response-content-disposition=inline%3Bfilename%3D%22tsla-q2-22-update.pdf 

Will Bitcoin ever make $1,00,000 ?

Image
On Tuesday Bitcoin has broken through the strongest resistance of weeks and hit the price $23,500 for the first time since early July. We talked about the channel formation where #BTC was keep moving in a range bound zone and which was an accumulation phase. https://imifx.blogspot.com/2022/07/bitcoin-next-move-bottomed-already.html     The world's biggest cryptocurrency has cracked the 200-week moving average as a result, however analysts concern that the gains could also be impermanent . We need to be very careful while trading or investing money with current situation, the sudden pump in the #BTC could be a dump too. Moreover there so much FUD in the market and we should be very careful with our long positions if trading Bitcoin Future. I will wait for the daily candle close and it may be close on lower side and we may again see a down fall. While Bitcoin's surge over the past seven days could be a marked departure from the bruising double-digit losses seen in rece...

Bitcoin Price - Bullish

Image
Today 20th July, Bitcoin price is up by  +8.69% Bitcoin #BTC is currently trading at around price of $23,500, BTC has already break a strong resistance and currently the daily candle has touched 50 days EMA and we can see the price has started retracing little bit. The sudden pump in #BTC price has put smile on so many investors moreover the ALT coins also followed the BTC  and moved up side. Currently BTC is moving in a channel and it just broke the resistance now we have to wait to see the actual breakout or this sudden pump could be turned to a massive dump. The live price of Bitcoin is $ 23,588.01 per (BTC / USD) today with a current market cap of $ 450.48B USD. 24-hour trading volume is $ 47.88B USD. BTC to USD price is updated in real-time. Bitcoin is +8.69% in the last 24 hours. It has a circulating supply of $ 19.10M USD.

The Crypto Ecosystem and poor Financial Stability

Image
We all have must hear about there have been a lot of scams in crypto currency over the past years due to the no regulation and high volatility; this makes them very dangerous because it means that people may lose all of their invested money due to fraudsters trying to take advantage of them by taking their funds without their consent or knowledge (e.g., hacking). This is because the market is still young, and there are not yet established rules in place. Therefore, it is difficult to predict how much the price will fluctuate. Moreover,     there are no administrative regulations governing the industry so far, which leads to rampant speculation and manipulation of prices by investors seeking quick profits. Nevertheless, the upsides possessed by the crypto world cannot be taken on a down road as some people have had seen fortune with the increased investments, and who knows the bitcoin trading platform has similar crypto charm for you! High volatility and sudden crash Crypto ass...

Bitcoin Next Move $22,500?

Image
On 7/14 around 1 PM EST time we have witnessed a quick upside rise on #Bitcoin and followed by other Alts coin. Yes, a huge gain however we should be very careful about this short term fake pump. We can clearly see the dominator Crypto coin is moving in a range where it's trying to move up side however keep falling from strong resistance $21,000 , $21,500 and $22,500 Currently 200 EMA on 4H chart shows resistance level around at $22,000 range and we should wait price to break the $20,500 level which is a good resistance zone. The live Bitcoin price today is  $20,550.12 USD with a 24-hour trading volume of $28,575,591,916 USD . We update our BTC to USD price in real-time. Bitcoin is up 3.82% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $392,373,771,324 USD .

Breaking News - Law suit file against Solana Labs cause for merchandising Unregistered Securities Tokens

Image
We are in bear market and the Crypto currency currently  listed # 9 already lost his value to 85% following  the All time high record which was $259.96 All-Time High $259.96   -85.1% Nov 06, 2021 (8 months) Solana (SOL) is in trouble as Mark Young, a CA resident, has filed a category action Law suit against Solana Labs, Solana Foundation, business executive Anatoly Yakovenko, nondepository financial institution Multicoin Capital, Crypto commerce platform FalconX.  Law firm Roche freedwoman and Schneider Wallace Cottrell Konecky area unit handling this status suit. Young has alleged that Solana is so a security (share) or rather an unregistered one, since it's satisfying the U.S.A. Howey check. Howey check could be a U.S.A. Supreme Court action whereby sure factors area unit checked against a contract, Associate in Nursingd if the contract satisfies the check then the contract is taken into account an investment security and is subject to any or all speech act and reg...