$ETH is trading inside a falling channel. Price has found support at the lower end of the channel and is currently showing signs of rejection at the higher timeframe FVG. We need to form a positive pattern to show buyers are getting interested in this buying region and broken out of the FVG and target 2.3-2.35k zone again.
If we do get a break below the channel then I would expect it to be fast and a direct move towards 2.1k or in worst scenario towards 2k. But given that scenario that dip will likely be bought up.
Once the FUD of Binance hack stop spreading and everything will calm down we will be out of the cascading events time-zone. Liquidity will start to get back thin again after that. Remember that smart money usually enters at such flash events and accumulate their positions at lower price. So position yourself accordingly and manage risk in this volatile market.
$BTC always front runs me, so this time I'm also expecting to bait everyone into thinking that we'll reach the demand zone and then pump. What I’m expecting is that it will fill that hammer wick and pump towards 80.5k level to fill that inefficiency and then dump towards the higher timeframe demand zone. Other scenario would we take the equal highs at 82-82.5k zone and also fill the inefficiency above that zone, give us a strong rejection and then dump towards the higher timeframe demand zone. This 75.3k zone held strong when FED raised the interest rates and survived the FUDs at that time, it won't be broken that easily.
There's a lot of FUD in the market regarding Binance hack and I expect weekend pump to take out those heavy leverage shorts that were build up from the 80k zone. Binance run the show in the crypto industry, these guys are giants and amounts like $3 billion are petty cash to them. If someone thinks that they will go out of business and won't be able to recover the losses, then they are not that intellectual developed to understand this game.
Esam_Trading
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Really wanted to short this on $BTC but I guess price loves to front run me :)
🚨 Binance's investigation into a recent hack reveals a compromised DevOps engineer’s laptop enabled unauthorized withdrawal transactions. The estimated impact is $6.3B, with about $3B currently frozen on-chain.
Binance assures that all losses will be covered by the SAFU fund, emphasizing that user funds are secure. Withdrawals are paused for security enhancements but are expected to resume within 48 hours, while deposits remain unaffected.
🚨 Ripple has frozen approximately $200 million in funds associated with the suspected Binance hack, according to Binance co-founder @Yi He . This action follows similar freezes previously reported by Tether and Circle.
Really wanted to short this on $BTC but I guess price loves to front run me :)
Esam_Trading
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Падение
Would love that $BTC plays this scenario out. 82-82.5k is a tough resistance zone to break. Clearly lot of liquidity is sitting below 80k till 77k which could be taken next if bitcoin fails to close a daily candle above this resistance zone.
🚨 On-chain data reveals that the suspected attacker from Binance is liquidating stolen altcoin holdings, transferring over 7 million $UNI , 7.77 trillion $PEPE , 217 million $ENA , and the complete 29,934 $wBETH position.
🚨 Arkham's tracking of the wallet identified as “binance-hacker-1029” reveals approximately $5.72 billion in assets, comprising 1.567 billion USDT, 18,270 BTC, 385,800 ETH, and 823 million USDC. Tether and Circle have frozen most of the stablecoin assets.
🚨 Tether has frozen over $1.567 billion in USDT linked to a potential hack of the Binance exchange. CEO Paolo Ardoino stated that the primary focus is on safeguarding the industry and its partners.
🚨 CZ: USER FUNDS ARE SAFE, FULL COVERAGE EXPECTED AFTER SUSPECTED HACK!
cz_binance assures that user funds are secure following a suspected hack at Binance. He expressed gratitude to Tether and Circle for swiftly freezing approximately $971M USDT and $823M USDC. As a shareholder, he anticipates comprehensive coverage of all user funds.
🚨 Binance is investigating reports of a potential security issue but has not confirmed any impact on user funds. The company will provide updates through official channels and advises users to remain cautious of scams.
🚨 Tether has frozen $971 million in USDT due to a suspected hack involving Binance's hot wallet. Binance has not yet provided an official statement regarding the incident.
🚨 Binance's hot wallet has reportedly been drained of approximately $2.53 billion across more than 60 tokens on Ethereum, including a significant ETH transfer. The funds were moved from an address linked to Tornado Cash to a new externally owned address (EOA). This information is currently unverified. #BitcoinDropsBelow$80K
Would love that $BTC plays this scenario out. 82-82.5k is a tough resistance zone to break. Clearly lot of liquidity is sitting below 80k till 77k which could be taken next if bitcoin fails to close a daily candle above this resistance zone.
Esam_Trading
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Падение
This is what I'm expecting on $BTC . Take out those equal highs and the grab the internal resting orders at the inefficiency zones and then move towards the resting orders below $80k.
This is what I'm expecting on $BTC . Take out those equal highs and the grab the internal resting orders at the inefficiency zones and then move towards the resting orders below $80k.