#Crypto
Matrixport predicts that the price of #Bitcoin will surpass $120,000 by the end of 2024. The 🇸🇬 Singapore-based crypto financial services platform cited a confluence of factors including the halving and increased holding by miners ⛏ as potential catalysts.
@TheTradingWizardFREE
Matrixport predicts that the price of #Bitcoin will surpass $120,000 by the end of 2024. The 🇸🇬 Singapore-based crypto financial services platform cited a confluence of factors including the halving and increased holding by miners ⛏ as potential catalysts.
@TheTradingWizardFREE
#Crypto
NEWS HIGHLIGHTS OF THE WEEK
▪️ #FTX approved to sell $873M in assets to repay creditors after 2022 collapse.
▪️ #MicroStrategy spends $593M on additional 16,130 BTC.
▪️ #Ripple and SEC meet for settlement talks in the XRP legal dispute.
▪️ ARK Invest sells $COIN shares worth nearly $4.7M, totaling $15M this week.
▪️ Argentina rejects #BRICS membership under President Milei, aligning more with US interests.
▪️ #Ark Invest sells $4.94M in Coinbase shares, buys $1.97M in Robinhood amid UK services launch.
▪️ #Kyberswap hacker demands full control over KyberDAO governance after draining $47M.
▪️ #Uniswap Labs and Talos partner to provide DeFi access to institutional traders.
▪️ #Brazil imposes 15% tax on crypto earnings held offshore.
▪️ #Circle denies claims of banking Justin Sun and financing Hamas in response to Senators Warren and Brown.
▪️ #Fasset obtains Dubai VASP license for crypto investment platform expansion.
▪️ #Hong Kong Securities & Futures Professionals propose ICO portal.
▪️ ProShares' Bitcoin Strategy ETF hits $1.47B AUM, surpassing previous record.
▪️Cristiano Ronaldo faces lawsuit for promoting #Binance .
@TheTradingWizardFREE
NEWS HIGHLIGHTS OF THE WEEK
▪️ #FTX approved to sell $873M in assets to repay creditors after 2022 collapse.
▪️ #MicroStrategy spends $593M on additional 16,130 BTC.
▪️ #Ripple and SEC meet for settlement talks in the XRP legal dispute.
▪️ ARK Invest sells $COIN shares worth nearly $4.7M, totaling $15M this week.
▪️ Argentina rejects #BRICS membership under President Milei, aligning more with US interests.
▪️ #Ark Invest sells $4.94M in Coinbase shares, buys $1.97M in Robinhood amid UK services launch.
▪️ #Kyberswap hacker demands full control over KyberDAO governance after draining $47M.
▪️ #Uniswap Labs and Talos partner to provide DeFi access to institutional traders.
▪️ #Brazil imposes 15% tax on crypto earnings held offshore.
▪️ #Circle denies claims of banking Justin Sun and financing Hamas in response to Senators Warren and Brown.
▪️ #Fasset obtains Dubai VASP license for crypto investment platform expansion.
▪️ #Hong Kong Securities & Futures Professionals propose ICO portal.
▪️ ProShares' Bitcoin Strategy ETF hits $1.47B AUM, surpassing previous record.
▪️Cristiano Ronaldo faces lawsuit for promoting #Binance .
@TheTradingWizardFREE
#Crypto
ARC is having a healthy correction after rising around 470% due to AI hype 🧙♂️
I will buy on confirmation of the breakout of the descending trendline for mid-term and I will do DCA if it goes down further
@TheTradingWizardFREE
ARC is having a healthy correction after rising around 470% due to AI hype 🧙♂️
I will buy on confirmation of the breakout of the descending trendline for mid-term and I will do DCA if it goes down further
@TheTradingWizardFREE
The Trading Wizard
#Crypto After reaching a 6-month high near $1, the price entered a correction phase represented by a descending trendline, with price compression below it Now $MATIC has seen an increase in open interest, signaling a new attempt to break the downtrend and…
MATIC is following our plan perfectly 📈
#Crypto
Bitcoin Fear & Greed Index is about to hit Extreme Greed.
Current score 74/100.
@TheTradingWizardFREE
Bitcoin Fear & Greed Index is about to hit Extreme Greed.
Current score 74/100.
@TheTradingWizardFREE
The Trading Wizard
#Crypto ARC is having a healthy correction after rising around 470% due to AI hype 🧙♂️ I will buy on confirmation of the breakout of the descending trendline for mid-term and I will do DCA if it goes down further @TheTradingWizardFREE
#CRYPTO
ARC recently broke the descending trendline on 4H strongly 📈
I bought some in the support area marked in red, and I will buy more in the retest if it happens 🧙♂️
@TheTradingWizardFREE
ARC recently broke the descending trendline on 4H strongly 📈
I bought some in the support area marked in red, and I will buy more in the retest if it happens 🧙♂️
@TheTradingWizardFREE
#Crypto
$200,000,000 in #Bitcoin longs just got wrecked here.
There is still a lot of liquidity laying above us.
@TheTradingWizardFREE
$200,000,000 in #Bitcoin longs just got wrecked here.
There is still a lot of liquidity laying above us.
@TheTradingWizardFREE
#Crypto
• 📈 Ether & Solana Reach 19-Month Highs: Both cryptocurrencies surged to new highs for 2023, outperforming Bitcoin.
• 🛑 Bitcoin Rally Pauses: Bitcoin’s price dipped to $43,000, with concerns over a potential ‘bull trap’.
• 🐂 Bull Trap Fears: Traders are wary that the current market rally could be short-lived, potentially leading to a significant downtrend.
• 💬 Arthur Hayes’ Speculation: BitMex founder Arthur Hayes speculated on social media about Solana (SOL) potentially reaching near $100.
• 📊 Crypto Market Movements:
• Bitcoin (BTC) experienced a slight decline.
• Ether (ETH) increased by 5%, reaching $2,372.
• Solana (SOL) jumped over 8% to $69.
• 🚀 Altcoin Performance: Ether classic (ETC) and Lido’s governance token (LDO) also saw significant gains.
• ⚙️ Scaling Networks’ Tokens Rise: Ethereum scaling networks Optimism and Arbitrum saw their tokens rise by 22% and 9%, respectively.
• 📉 Bitcoin’s ‘Bull Trap’ Concerns: There’s growing skepticism among traders, with fears that the market might be in a bull trap.
• 💡 Santiment’s Analysis: Crypto analytics firm Santiment suggests increasing disbelief could push Bitcoin towards $50,000.
@TheTradingWizardFREE
• 📈 Ether & Solana Reach 19-Month Highs: Both cryptocurrencies surged to new highs for 2023, outperforming Bitcoin.
• 🛑 Bitcoin Rally Pauses: Bitcoin’s price dipped to $43,000, with concerns over a potential ‘bull trap’.
• 🐂 Bull Trap Fears: Traders are wary that the current market rally could be short-lived, potentially leading to a significant downtrend.
• 💬 Arthur Hayes’ Speculation: BitMex founder Arthur Hayes speculated on social media about Solana (SOL) potentially reaching near $100.
• 📊 Crypto Market Movements:
• Bitcoin (BTC) experienced a slight decline.
• Ether (ETH) increased by 5%, reaching $2,372.
• Solana (SOL) jumped over 8% to $69.
• 🚀 Altcoin Performance: Ether classic (ETC) and Lido’s governance token (LDO) also saw significant gains.
• ⚙️ Scaling Networks’ Tokens Rise: Ethereum scaling networks Optimism and Arbitrum saw their tokens rise by 22% and 9%, respectively.
• 📉 Bitcoin’s ‘Bull Trap’ Concerns: There’s growing skepticism among traders, with fears that the market might be in a bull trap.
• 💡 Santiment’s Analysis: Crypto analytics firm Santiment suggests increasing disbelief could push Bitcoin towards $50,000.
@TheTradingWizardFREE
#Crypto
RVN broke out the descending trendline, and it is currently testing the resistance area
I believe the price will consolidate a bit, and perhaps return to the ascending trendline before continuing its upward movement 📈
@TheTradingWizardFREE
RVN broke out the descending trendline, and it is currently testing the resistance area
I believe the price will consolidate a bit, and perhaps return to the ascending trendline before continuing its upward movement 📈
@TheTradingWizardFREE
#Crypto
Bitcoin has seen a tremendous run from $25,000 to $45,000.
Perhaps there's some more upwards momentum, but there's a high chance Altcoins will take over momentum coming few months.
The top of bitcoin dominance is close, Altseason is next 🧙♂️
Several altcoins are also showing that they have bottomed out in BTC pairs.
@TheTradingWizardFREE
Bitcoin has seen a tremendous run from $25,000 to $45,000.
Perhaps there's some more upwards momentum, but there's a high chance Altcoins will take over momentum coming few months.
The top of bitcoin dominance is close, Altseason is next 🧙♂️
Several altcoins are also showing that they have bottomed out in BTC pairs.
@TheTradingWizardFREE
#Crypto
Bitcoin having a small correction.
If Bitcoin hits $42,800 more than $400,000,000 in Long Positions will be wiped...
@TheTradingWizardFREE
Bitcoin having a small correction.
If Bitcoin hits $42,800 more than $400,000,000 in Long Positions will be wiped...
@TheTradingWizardFREE
#Crypto
Liquidations 🩸
⭕️ In the past 24 hours , 112 458 traders were liquidated , the total liquidations comes in at $384.66 million
⭕️ The largest single liquidation order happened on OKX - BTC-USDT-SWAP value $8.23M
⚠️ Never invest more than what you can afford to lose.
⚠️ Don't try to make quick money.
⚠️ High Leverage does not give you more money
That’s an healthy dip 🧙♂️
@TheTradingWizardFREE
Liquidations 🩸
⭕️ In the past 24 hours , 112 458 traders were liquidated , the total liquidations comes in at $384.66 million
⭕️ The largest single liquidation order happened on OKX - BTC-USDT-SWAP value $8.23M
⚠️ Never invest more than what you can afford to lose.
⚠️ Don't try to make quick money.
⚠️ High Leverage does not give you more money
That’s an healthy dip 🧙♂️
@TheTradingWizardFREE
#Crypto
Bitcoin dominance has been protected on the 3D time-frame by the EMA 50 since January, so for me, a candle close below the EMA 50 could mean the start of the Altseason (Altcoin Season) 📈
Remember that we are currently experiencing a correction in the cryptocurrency markets, which is healthy in the long term before the real bull run begins 🐂
@TheTradingWizardFREE
Bitcoin dominance has been protected on the 3D time-frame by the EMA 50 since January, so for me, a candle close below the EMA 50 could mean the start of the Altseason (Altcoin Season) 📈
Remember that we are currently experiencing a correction in the cryptocurrency markets, which is healthy in the long term before the real bull run begins 🐂
@TheTradingWizardFREE
#Crypto
🐳 The latest Bitcoin dump has led to a sharp increase in the population of whales with balances of 1000 BTC and above.
While panickers are selling, big guys are accumulating
@TheTradingWizardFREE
🐳 The latest Bitcoin dump has led to a sharp increase in the population of whales with balances of 1000 BTC and above.
While panickers are selling, big guys are accumulating
@TheTradingWizardFREE
#Crypto
Bitcoin after a very significant rise, had a dip that in my opinion is healthy for the long term (nothing alarming for now)
The red line (SMMA) has held the price perfectly on the 4H timeframe since November, which means that for now we continue with a bullish structure
Therefore, only if a breakout below it happens, I will expect a more significant correction, initially towards the 38K support, but be aware that 35K is a big liquidity level
But for now we are above the support area 🐂
@TheTradingWizardFREE
Bitcoin after a very significant rise, had a dip that in my opinion is healthy for the long term (nothing alarming for now)
The red line (SMMA) has held the price perfectly on the 4H timeframe since November, which means that for now we continue with a bullish structure
Therefore, only if a breakout below it happens, I will expect a more significant correction, initially towards the 38K support, but be aware that 35K is a big liquidity level
But for now we are above the support area 🐂
@TheTradingWizardFREE
‼️ Volatility Alert
🇺🇸 FED FOMC MEETING IN 1 HOUR
Hold on tight!
The Crypto market could become volatile
@TheTradingWizardFREE
🇺🇸 FED FOMC MEETING IN 1 HOUR
Hold on tight!
The Crypto market could become volatile
@TheTradingWizardFREE
Bitcoin Surges as Fed Indicates Potential Rate Cuts Ahead
Today, the US Federal Reserve (The Fed) decided to keep its benchmark interest rate steady at 5.50%. They made this call even though there's acknowledgment that growth and the job market have slowed down. However, The Fed also added that inflation has eased despite remaining high above their 2% target. Interestingly, there are signals that The Fed might cut interest rates by 75 basis points next year, in line with their latest quarterly projections. This is seen as the end of an aggressive interest rate hike campaign that has been ongoing.
The Fed's decision has had a positive impact on the value of Bitcoin, which saw a pretty significant increase, reaching above $42,000. This surge was driven by expectations that US regulators will soon approve Bitcoin exchange-traded funds (ETFs), opening up the Bitcoin market to even more millions of investors.
Furthermore, the hope that The Fed's interest rate hike cycle has ended has also boosted riskier assets in the financial markets. Investors perceive that the potential Fed interest rate cuts in early 2024 make riskier assets, like Bitcoin, more attractive. This happens because traditional investors view interest rate cuts as an indicator of an improving economic condition, prompting them to shift towards riskier assets like Bitcoin.
Overall, the correlation between The Fed's interest rate policies and Bitcoin's value shows that the cryptocurrency market is sensitive to changes in global monetary policy. This situation reflects how investors view Bitcoin as one of their investment options in their portfolios, especially amid economic uncertainty and monetary policy.
@TheTradingWizardFREE
Today, the US Federal Reserve (The Fed) decided to keep its benchmark interest rate steady at 5.50%. They made this call even though there's acknowledgment that growth and the job market have slowed down. However, The Fed also added that inflation has eased despite remaining high above their 2% target. Interestingly, there are signals that The Fed might cut interest rates by 75 basis points next year, in line with their latest quarterly projections. This is seen as the end of an aggressive interest rate hike campaign that has been ongoing.
The Fed's decision has had a positive impact on the value of Bitcoin, which saw a pretty significant increase, reaching above $42,000. This surge was driven by expectations that US regulators will soon approve Bitcoin exchange-traded funds (ETFs), opening up the Bitcoin market to even more millions of investors.
Furthermore, the hope that The Fed's interest rate hike cycle has ended has also boosted riskier assets in the financial markets. Investors perceive that the potential Fed interest rate cuts in early 2024 make riskier assets, like Bitcoin, more attractive. This happens because traditional investors view interest rate cuts as an indicator of an improving economic condition, prompting them to shift towards riskier assets like Bitcoin.
Overall, the correlation between The Fed's interest rate policies and Bitcoin's value shows that the cryptocurrency market is sensitive to changes in global monetary policy. This situation reflects how investors view Bitcoin as one of their investment options in their portfolios, especially amid economic uncertainty and monetary policy.
@TheTradingWizardFREE
https://x.com/officer_cia/status/1735278098218692903?s=46&t=f4JiC0jSMXWvmXHSHb72lg
‼️ Don’t sign any transaction until it is solved
People getting drained, stay safe 🧙♂️
‼️ Don’t sign any transaction until it is solved
People getting drained, stay safe 🧙♂️
X (formerly Twitter)
Officer's Notes (@officer_cia) on X
@zapper_fi @Ledger Do not interact with ANY dApps until further notice. It appears that a commonly used web3 connector has been compromised which allows for injection of malicious code affecting numerous dApps.
Hey fam, I had a mini vacation these days, that's why I haven't posted anything
I'll be back tomorrow with the analyses 🧙♂️
@TheTradingWizardFREE
I'll be back tomorrow with the analyses 🧙♂️
@TheTradingWizardFREE
#Crypto
Bitcoin broke the SMMA which has been holding the price on the 4H timeframe since November, indicating a possibility of a larger correction, so be careful with Longs at this time
We will have to pay attention to how the price reacts to the 40k support area, which was the previous low. If it breaks, the next support will be the 38k
Historically, the month of December is not the best for the markets, so be careful, the market may only go up again in 2024 ‼️
@TheTradingWizardFREE
Bitcoin broke the SMMA which has been holding the price on the 4H timeframe since November, indicating a possibility of a larger correction, so be careful with Longs at this time
We will have to pay attention to how the price reacts to the 40k support area, which was the previous low. If it breaks, the next support will be the 38k
Historically, the month of December is not the best for the markets, so be careful, the market may only go up again in 2024 ‼️
@TheTradingWizardFREE