hello! accordingly with your post , the price it should go up ?!?
cauji
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Bearish
$BNX I share this little secret with you. Don't play with bnx because It will force close. The whale control market price you see he have more than 80 M bnx long contract need close. he not want price drops down suddenly make panic sell. You see the open interest go down day by day and price go down too. DYOR
Trump Announced CRYPTO STRATEGIC RESERVE | Bitcoin Pumped Hard What Can We Expect Next?
Crypto market was showing weakness and Trump dropped the bomb on Bears. He made a post that US will consider adding Sol, Xrp, Ada, Bitcoin and Ethereum into strategic reserves. Bitcoin and Ethereum pumped over 10% , Sol did almost 25% , Xrp did over 30% and the biggest gainer was Cardano with ove 70% move. Isn't it funny how just one post move the whole crypto market? Just one post nothing actually implemented yet. Well that's the beauty of the crypto market, when it moves it can move hard. This was the overview of why crypto market pumped our main focus in this article will be Bitcoin. We will briefly discuss charts and see what can we expect next. BTCUSD (Monthly) We had monthly close 3 days before so i it's good to start from the monthly chart.
The monthly candle closed below an important low last month. Keeping it short, I think as long as we don't see a monthly candle close back above $96.5k bears can take over from this zone. The monthly candle is only 3 days old and a lot more can happen in 27 days. Looking at the monthly chart i don't see it favouring the bulls as long as we don't see a monthly close back above it. BTCUSD (Weekly) This is where everything is happening. Bitcoin was sitting around $85k when trump dropped the post and before that there were no signs that BTC will recover back inside the range before weekly close. Lets just discuss the chart before i share my personal opinion. How i am and will be dealing with this price action.
Weekly candle closed back inside the range and technically there is still no break in structure as price didn't close below the range. As long as it's holding above $90k, You can say the chart looks still fine. BTCUSD (Daily)
Same goes with the daily chart. Price is now back above the key $90k zone and as long as it's above that. Bulls can expect continuation up.
Enough of discussing the chart now lets discuss how i will personally deal with this overall condition. How i will deal with this situation? We all know this move came from the trump's posts so i don't think chart will help much at this time as the news is less than 24hrs old. We will have to give it time and observe if the market will sustain this move or not. I have seen countless time that sunday night pumps gets faded in the new week. This week is also somehow very important. 4th march Tariffs agreement7th march the first ever white house crypto summit7th march friday Non farm payroll (NFP) data release. I think this week will be a lot more volatile. Here is what i think can possibly happen.
Like i said $90k is really an important zone now. if price can sustain above it and starts to show strength again. It's likely that we will see continuation up. For trade Execution
I think Break and hold above $95k high will provide a better trade opportunity because this will confirm that the trump pump was not just a short term move, price is ready to move more. And if you pay attention. The daily chart is still within a downtrend as it didn't break the lower high and the last move up goes straight the daily supply zone. If it Break Below $90k Like i said $90k is an important level to watch on lower timeframe.
If price breaks below $90k and holds i wouldn't be surprised if the price starts to slow bleed again and fade this whole trump move.
This is it from my side, There is no need to rush, It's the first day of the week. Sit tight and observe what the market is doing and then take action when the time is right.
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hello! nice charts ! but I am a little bit confuse about the last one BNX! Could explain pls ?
The Trading Oracle
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#NEWSALERT what if you know every peak and support level?? without any indicator... Disclaimer . People who thinks crypto manipulated by Bots stay away from this post second , You will never see things like this on any other Crypto analyst this is my personal recipe and I challange it now there are 6 chart analysis chart pattern on this post which are $TURBO $BNX $JTO $cookie $om $aixbit open every chart and see what is common , how this happened? if your answer will be correct I will chose 10 student from you, and I will teach them All I learned from trading , in which 53 patterns 10 events patterns some trading strategies , and of course my personal recipe sorry I try to add 6 charts but i think only four can be added #BybitSecurityBreach #VIRTUALWhale
Why Are My Coins Constantly Dumping?" That's Cause You Didn't Analyze The Tokenomics
But still, 99% of people choose to ignore it.
This simple guide will teach you to read tokenomics like a pro 🧵
Tokenomics is more than just token distribution. It includes the whole economic model of the project.
There are 5 main parts to analyze in every tokenomics:
1. Allocation and Distribution 2. Supply 3. Token Model 4. Token Incentives 5. Consensus Mechanism 1/➣ Allocation and distribution
It contains information about who will receive the tokens and how they will reach the market.
The $UNI tokenomics is considered an exemplary one, most of the tokens went to the community and the entire supply has been distributed over 4 years.
➣ Most projects distribute tokens either through a fair launch or pre-mine.
Fair launch: tokens are mined and governed by the community.
Pre-mine: tokens are created and distributed before public launch to raise capital. Most of the crypto projects come with pre-mined tokens. 2/➣ Token supply
It refers to the total number of tokens in a project and its future changes.
- Circulating supply refers to the number of tokens that are currently in circulation.
- Total supply refers to the total quantity of existing tokens either in circulation or stuck at different smart contracts and released later
- Maximum supply refers to the total quantity of tokens in a project that will exist once the maximum supply has been reached.
➣ A huge difference between market cap and total supply results in an issue called "low float high FDV" - a common one lately.
The idea is simple - a high valuation from the start will hurt the project's development because of constant selling pressure from unlocks.
3/➣ Token Model
This part refers to one main question - Is the coin inflationary or deflationary?
Let's analyze every part:
➣ The inflationary model
An inflationary model has no maximum supply limit and continues indefinitely.
Pro: Encourages network participation and growth.
Con: Leads to inflation and devaluation, diluting the existing token value.
➣ Deflationary model
This model caps token supply and may periodically burn tokens.
Pros: It creates natural demand and avoids inflation.
Cons: It may encourage hoarding, hinder new investors, and reduce token value.
An example of this is @injective $INJ.
4/➣ Token Incentives
Users should have the motivation not only to join the project but to buy a few tokens early, stay there, and continue to invest their money and time in it.
It could be done through:
- Profit sharing - Staking pools ➣ Profit-sharing
Allow token holders to benefit from holding their tokens by distributing rewards. These can be airdrops, fee reflections, or other discretional token distribution events.
➣ Staking
Token holders can stake their tokens to earn rewards by acting as validators in the network. Various use cases for the staking mechanism include:
- Holding tokens - Activity levels - Platform features - Participant status
5/➣ Consensus Mechanism
A Consensus mechanism or protocol allows distributed systems to work together and stay secure. These mechanisms conceal a great deal of the logic utilized behind a blockchain.
There are 2 main consensus mechanisms: - Proof-of-Work - Proof-of-Stake ➣ Proof-of-Work
In this protocol, blockchain miners race to solve math puzzles and create new blocks. The fastest miner earns a new token.
The block is then shared for transactions or smart contracts. This process uses a lot of energy and miners hold the decision power.
➣ Proof-of-Stake
In PoS, network integrity is upheld by nodes holding tokens, making it more cost-effective than PoW.
It encourages long-term token holding to gain more power.
That's it for today folks, Thanks for reading! For more insightful crypto content, Follow Me @Crypto PM Stay updated with the latest trends and analyses in the crypto world!
Tron, Tether and TRM Labs Start Financial Crime Fighting Force!
A 2023 report from TRM Labs showed that the #Tron blockchain was home to nearly 45% of all illicit crypto volume. Now, the blockchain founded by Justin Sun is working with TRM Labs and USDT issuer Tether in a task force created to fight financial crime.
“TRON originated with the belief that technology can be used for good and to empower people across the globe,” Sun said in a release. “By collaborating with #TRM Labs and Tether, TRON is helping to ensure that blockchain technology is used to make our world a better place, and sends a clear message that illicit activity is not welcome in our industry.”
$ETH $SOL $BTC
The task force, the T3 Financial Crime Unit (T3 FCU), will combat illicit activity involving $USDT , the largest stablecoin, on Tron. Data from Tether shows there’s $60.7 billion of USDT issued on Tron, $53.9 billion on the #Ethereum blockchain and $712 million on #Solana .
The speech is expected to shed light on the FED's game plan regarding the upcoming interest rate cuts, with the event titled "Reassessing the Effectiveness and Transmission of Monetary Policy".
The key will be any hints that could indicate by how much they'll cut rates in September: 25bps or 50bps?
Liquidity Lab Most Important News & Narratives For Today!
Today's Events:
- US PPI Data (Exp. 0.2% MoM) - $ARKM Istanbul Blockchain Week - $IMX Closing of ImmutableX - $ETH ETHWomen (13-14 August) - $NTRN Liquidity Vote - $ATLAS Star Atlas Tensor - $SWEAT Unlock of $3.31M
News and Narratives:
- $LUNC 3AC sued Terraform Labs for $1.3 billion - $ETH Grayscale recorded the first 0 outflows day - $BTC Marathon Digital announced a $250M offering to buy Bitcoin - $XMR Binance will start converting $XMR to USDC on September 2 - $LDO Set to bring stETH to $BNB chain - $EIGEN Competitor Symbiotic launched devnet, plans mainnet in Q3 - $OP Announced plans for an interoperability system for L2 chains - $MKR - $COMP DEF bought patent to prevent lawsuits against the 2 protocols - $ETH ICO whale deposited $154M to OKX in the past month, still holds $41M - $SOL $PYUSD supply on Solana surpassed its supply on $ETH - $BTC Metaplanet bought an additional $3.3M in Bitcoin
General News:
- Singapore Biggest bank DBS rolled out treasury tokens pilot - Argo Bitcoin miner repaid $35M Galaxy bailout loan - Germany State-owned bank set to issue tokenized bonds - Pumpfun Exploiter pleaded guilty in London, faces 7 years in prison
Scammers are now taking advantage of fake tokens through #AI , #RWA , #DePIN and #memecoin rebrands. Here are 4 schemes scammers use and how you can avoid them.
1. Initial Coin Offerings (ICOs) and Token Sales: Attackers may launch fake ICOs or token sales, enticing investors with the promise of getting in early on a groundbreaking project. Once they collect funds, they disappear, leaving investors with worthless tokens.
2. Airdrops and Giveaways: Fake tokens are sometimes distributed through airdrops or giveaways, where users are asked to provide personal information or pay a small fee to receive the tokens. This can lead to further scams or identity theft.
3. Pump and Dump Schemes: Scammers may artificially inflate the price of a fake token through coordinated buying (pump) and then sell off their holdings at the peak (dump), leaving other investors with devalued assets on their hands.
4. Launchpool Token Scams: Fraudsters exploit hype around legitimate exchange promotions, offering "discounted" tokens through unofficial channels. These fake tokens capitalize on real launches but aren't associated with reputable platforms. $QKC $TON $SUI
- $MOTHER Bybit will list perps on August 9 - $GMX Launched $SHIB perps market on Arbitrium - $ETH Nomad bridge hacker transferred $35M to Tornado Cash - $BTC Michael Saylor said he personally owns +$1B in Bitcoin - $SUI - $TAO Grayscale launched new investment trusts - $BTC Morgan Stanley advisers can officially pitch ETFs - $XRP Ripple-SEC case ended with $125M fine - $HOOD Reported Q2 revenues up 161% with rising crypto volume - $BLAST Memecoin Pacmoon announced migration to $SOL - $BTC Metaplanet secured $6.8M loan to purchase Bitcoin - $SOL Brazil approved first $SOL ETF - $NXRA Burned 32.5M stolen tokens - $IOTA Perps will be delisted from HTX on August 15 - $SHFL Announced round 2 of airdrops
General News:
- FTX Court approved $12.7B settlement with CFTC - Kamala Tied with Trump at 49% odds on Polymarket - Trump Sons rumored to launch tokenized real-estate project
The #SEC asked for $2B, and the Court reduced their demand by ~94% recognizing that they had overplayed their hand. We respect the Court’s decision and have clarity to continue growing our company.
This is a victory for Ripple, the industry and the rule of law. The SEC’s headwinds against the whole of the #XRP community are gone. $XRP
- US S&P Global Services PMI - US ISM Services PMI (Exp. 51) - Taipei DeFi Summit ($OM CEO Speaking) - $GMX Buyback Proposal Vote - $STRK Starkware Summit - $VR Magic Madness - $MODE Unlock of $3.5M
News and Narratives:
- $VIX Volatility Index surged to levels not seen since 2020 - $HOOD Halted 24 trading feature amid volatility - $COIN Coinbase reportedly considering Crypto Index fund launch - $ZETA Polygon users can now access Universal Apps on ZetaChain - $BTC Trump floated paying off $35T national debt with Bitcoin last week - $WLD OpenAI is both a strategic partner and competition - Microsoft SEC filing - $ETH Jump Crypto continues to deposit Ethereum to CEXs - $FTN Integrated with Xcoins payments - $NEIRO Vitalik sold the 17B tokens sent to him - $TRX Justin Sun denied rumors of his positions being liquidated - $JUP Proposal to reduce supply passed with 95% in favor
General News:
- Japan Stock market had it's second worst day ever - Turkey Stock exchange halted trading after open - US Odds of a FED emergency cut hit 33% on polymarket
#Unemployment Rate at 4.3% instead of 4.1% and the market is panicking!
• VIX (Volatility Index) is up 45% in just one day... currently at 27! • $2.9 TRILLION wiped out from stocks today. THE WORST DAY SINCE 2020 COVID CRASH. • JP Morgan sees (2) 50bsp rate cuts in September and November. • Goldman Sachs sees (3) 25bsp rate cuts in September, November and December.
Also the Sahm Rule has been triggered - it has predicted every recession since 1970s correctly with only 2 false positives that ended up being correct with a delay of a few months.
Claudia Sahm just spoke and said that "we're not in a recession but the odds of entering a recession in the next 3 months are high."
This would also allign with the fact that we always get a recession after the first interes rate cut, which will happen in September. We also had the usual stock rally after a rate pause.
Sure, it’s possible that this time could be different and that's what the FED will be hoping for whilst cutting rates from September to reduce the impact.