High and Tight Flag pattern
🔅The high tight flag chart pattern is an extremely rare, bullish formation.
🔅 The high tight flag is created when the stock has a very sharp move higher followed by a brief consolidation period.
🔅This consolidation creates the flag part of the pattern.
🔅The breakout from the flag generally signals a continuation of the move higher.
🔅In the case of a High and Tight flag chart pattern, the stop loss should be placed at the previous low of the pattern.
🔅The limitation for the target will be the previous resistance level which was formed before by the price action.
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Pionex stated that due to the gradual decline in trading activity on the Huobi Exchange in recent months, the security team has withdrawn all Huobi’s market-making funds. — link
Читать полностью…FED officials agree rate cuts shouldn't happen in 2023, citing risk of inflation accelerating faster than anticipated.
https://www.federalreserve.gov/monetarypolicy/fomcminutes20221214.htm
🥳@Coach
🚨JUST IN 🚨 - COINBASE SHARES UP 9.7% AFTER CO TO SETTLE WITH NEW YORK REGULATORS.
@Crypto_News | Tweet
Rumors? Real?
This had an impact on $TRX and $HT. Both dipping.
📍 Follow @Coins for the hottest news in crypto.
Comment your idea ✅ .
https://twitter.com/CryptoCoinCoach/status/1611096611400355841?s=20&t=QPE9jbFSgFFSUrgMYb4xOg
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⭐️ Hi fam ❤️
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Daily Digest (January 5, 2023)
🔸 New York sues former Celsius CEO for fraud.
🔸 Coinbase shares drop 10% as Cowen downgrades stock and slashes price target.
🔸 TON blockchain launches decentralized file-sharing solution.
🔸 Crypto exchange Gemini is over three months late in filing its UK accounts.
🔸 Vauld rejects Nexo's 'final' acquisition proposal, questions company's solvency.
🔸 Aptos-based multisig wallet Msafe raises $5 million led by Jump Crypto.
🔸 Trader Joe's DEX and NFT marketplace to expand to BNB Chain.
🔸 Illuvium kicks off 2023 with release of third blockchain game.
🔸 Juno encourages users to withdraw funds as crypto partner set to shut down.
🔸 Solana NFT marketplace Magic Eden offers refunds following fake y00ts fix.
@coach
#CryptoPrimeTime_with_Coach
Binance: there are no other evident ‘winners’ of 2022
2022 was a difficult year for anyone connected with cryptocurrencies. Bankruptcies have shaken many industry giants, but Binance is doing well - its market dominance has soared throughout 2022.
According to Arcane research, by the end of December 2022, it captured:
🔸 92% of the BTC spot market (more than doubled)
🔸 61% of the BTC derivatives market by volume (increased by 1/3)
Binance’s overall year-end crypto market share was 66.7%. Coinbase came in second with a relatively tiny 8.2%.
How?
🔸 The report suggests the increase in Binance’s BTC spot market dominance preceded the FTX collapse. The true reason is in the fees removal for certain trading pairs on Jul. 7, 2022.
Looking ahead to 2023, Arcane predicted Binance would implement trading fees again in 2023 which would lead to a “normalization of the market dominance.”
🔸 The exchange also made some notable acquisitions to boost its global coverage in 2022 such as the Japanese trading platform Sakura Exchange BitCoin and Indonesian digital currency brokerage firm Tokocrypto.
Is it healthy to have so much of the trading volume concentrated with any one exchange?
👀 Too much power in the same hands is never healthy
🫡 If it's so, it means the market needs it rn
🔥 Lesson 2022: even giants can collapse
Follow @coach for more crypto insights 🔎
#Coach_Educates
Binance Margin Will Delist AGLD, DATA, ERN, FIO & TROY as Borrowable Assets From Cross Margin and KEY From Isolated Margin
https://www.binance.com/en/support/announcement/4de1611d14ed44d2b9923b0540193f70
NEAR: broken the descending resistance but the market is volatile and also we saw many fakeouts happened in the previous days after breakouts!
So better to watch the market carefully!
🥳@Coach
Volatility alert
Minutes from the Fed's previous meeting, when it raised interest rates by half a percentage point and cautioned rates may need to remain higher for longer, are due at 2 p.m. ET (1900 GMT).
🥳@Coach
Daily Digest (January 4, 2023)
🔸 Coinbase to pay $100 million over failure to scale AML as business boomed.
🔸 DeFi user loses $3.4 million of GMX tokens in phishing attack.
🔸 UK’s crime agency creates new crypto unit.
🔸 Indonesia plans to launch its own crypto exchange.
🔸 Israel's financial regulator proposes crypto inclusion to securities law.
🔸 RTFKT COO phished for NFT collection worth at least $175,000.
🔸 Magic Eden blames third-party cacher for 'unsavory' NFT images.
🔸 Core Scientific will cut power to 37,000 Celsius miners.
🔸 Cryptosat launches second satellite with 30 times faster computation.
🔸 Bitcoin mining difficulty down 3.6% while revenue pops 0.9% in December.
@coach
#CryptoPrimeTime_with_Coach
🚨#warning 🚨
Market manipulation will suck someones funds.
Coins pumping without any reason , whales trying to attract innocent users, traders and especially retail investors .
Market sentiments are not good,
Global recession Inflation and many more.
Trade only if u can afford to loose .
Best time for #SHORT trades but only with Low Leverage
Don’t trade blindly
#dyor