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@Coach Crypto Coins AMA's, Info, News and portfolio research. ✅ Get Pvt group Memberships : https://forms.gle/zqpawuVqVSd572pZ6 Contact: @ccc_verify Disclaimer: Educational content - This is Not a Financial advice ! DYOR !
Daily Digest (December 23, 2022)
🔸 NFT marketplace OpenSea delisting Cuban artists and users.
🔸 OKX publishes second proof-of-reserves report.
🔸 Crypto has the highest 'talent density' since the internet's early days, says GSR CEO.
🔸 FTX asks court for help in battle over $450 million in Robinhood shares.
🔸 SEC increasing scrutiny of crypto 'proof-of-reserves'.
🔸 Crypto unicorn Mythical Games alleges former execs used company secrets to raise $150 million.
🔸 Ellison and Wang guilty pleas unsealed as Bankman-Fried granted bail.
🔸 Avalanche upgrades to ‘Banff 5’ to introduce direct communication between subnets.
🔸 Peter Thiel-backed crypto exchange Bullish calls off $9B SPAC plan.
🔸 Sam Bankman-Fried released to parents' Palo Alto home on $250 million bond.
@coach
#CryptoPrimeTime_with_Coach
Descending Channel Pattern
🔅A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels.
🔅The descending channel pattern is also known as a “falling channel” or “channel down“.
🔅A descending channel looks similar to the Rectangle pattern, but the difference is that the descending channel slopes down.
🔅In the case of a Descending Channel 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.
😇@CryptoCoinsCoach😎
Huobi: Celebrate Christmas With Zero Withdrawal Fees for TRC20 Tokens on Huobi From Dec 23, 2022
HuobiGlobal has waived all withdrawal fees on the TRON chain, including USDT, USDD, USDC, TRX, BTT, JST, SUN, NFT, HT. Huobi calls on all exchanges to jointlywaive the USDT on TRON withdrawal fee by staking TRX.
https://www.huobi.com/support/en-us/detail/24926099749866
📍 Follow @Coins for the hottest news in crypto.
Polygon flips BNB Chain in Daily Transactions Per Week.
Polygon has passed BNB Chain in average daily transactions per week for the second time in 2022.
2022 has been a record year for Polygon's Business Development team. Polygon has landed partnerships with Meta, Reddit, Starbucks and others.
BNB chain, on the other hand, finds itself in the midst of a widening target being painted on CZ's back. Time will tell the fate of Binance. While it seems unlikely, a potential Binance insolvency could spell as much trouble for BNB chain as FTX's implosion has impacted Solana.
2023 will be a year to watch which ecosystems are able to maintain usage in spite of adverse market conditions. We will be keeping a close eye on both Polygon and BNB chain.
📍 Follow @Coins for the hottest news in crypto.
https://decrypt.co/117796/sam-bankman-fried-sent-home-on-250m-bail-after-first-court-appearance
Читать полностью…
Daily Digest (December 22, 2022)
🔸 Argentine Football Association partners with metaverse startup after World Cup win.
🔸 European Parliament's NFT push derailed by Qatargate bribery scandal.
🔸 Kraken pushes 'Pro' product for advanced traders.
🔸 DAOs recognized as limited liability companies by the Marshall Islands.
🔸 Democrats split on Gensler’s crypto approach post-FTX.
🔸 FTX funded 94% of Blockfolio takeover with its FTT token.
🔸 FTX's FTT token labeled a security in SEC complaint.
🔸 Bankman-Fried in FBI custody, Ellison, Wang plead guilty and are cooperating.
🔸 Polygon’s zkEVM launched its second testnet, the last step before mainnet goes live.
🔸 British Columbia suspends new connections for bitcoin miners.
@Cryptocoinscoach
#CryptoPrimeTime_with_Coach
Dollar cost average
🔅Dollar-cost averaging is the practice of systematically investing equal amounts of money at regular intervals, regardless of the price of a security.
🔅Dollar-cost averaging can reduce the overall impact of price volatility and lower the average cost per share.
🔅By buying regularly in up and down markets, investors buy more shares at lower prices and fewer shares at higher prices.
🔅Dollar-cost averaging aims to prevent a poorly timed lump sum investment at a potentially higher price.
🔅Beginning and long-time investors can both benefit from dollar-cost averaging.
😇@Coach😎
TON coin was listed recently in many exchanges such as Huobi, OKX, Bybit..
Price already soared from 1.5 usd to 2.5 usd.
TON coin is the telegram token used for multiple tools.
TONcoin was listed on FTX exchange and many users have lost their coins since.
When binance listing you are asking? We do too.
HOOK/USDT
Hook, the latest launchpad from Binance is moving within a falling wedge. Good chances for a local breakout.
🟥 Red box = Entry and stop
🟩 Green box = Target zone
🛑 Stop-Loss = Close 4hr below the red box (1.25)🟥
@Coach
Home sales volume fell 7.7% in November and 35.4% over the last year.
This is what a housing crash looks like: Volume collapses first, then prices.
📍 Follow @Coins for the hottest news in crypto.
🎄 THE 2022 ROUND-UP 🎄
2022 has been one of the most chaotic, volatile, and financially brutal years, not only for the digital asset industry, but also for wider financial markets.
🔘 Short-term realized volatility for BTC is currently at multi-year lows of 22% (1-week), and 28% (2-weeks), making for the lowest volatility regime since Oct 2020.
🔘 Futures volumes are similarly depressed, now probing multi-year lows.
🔘 Both BTC and ETH markets are currently trading similar volumes between $9.5B and $10.5B per day. This shows the massive impact of tightening liquidity, widespread deleveraging, and the impairment of many lending and trading desks in the space.
🔘 Open Interest in futures markets has pulled back significantly following the FTX implosion.
🔘 Both Bitcoin calendar futures and perpetual swaps are trading in a state of backwardation, which is uncommon. This suggests the market is relatively 'hedged' for further downside risk, and/or heavier with short speculators.
🔘 The excess liquidity bubble from the loose monetary policy era in 2020-21 created a record yearly total realized profit on-chain.
🔘 Long-Term Holders in this cycle realized two of the largest relative loss spikes in history. Despite these spectacularly large losses, the age of the coin supply, and propensity for HODLing by those who remain continues to rise.
🔘 Last week saw the largest downwards difficulty adjustment since the Great Mining Migration in July 2021. Difficulty declined by 7.32%, signifying a reasonably large portion of the active hashrate was switched off, likely a result of continued income stress.
🔘 The Ethereum Merge, completed on 15-September, was arguably the most impressive engineering feat of the year. Since the Merge, the number of active validators has increased by 13.3%, with over 484k validators now operational.
🔘 With such an extreme drawdown in token prices, and a severe contraction of liquidity, the total value locked in DeFi has fallen dramatically.
🔘 Stablecoins have become a cornerstone asset of the industry since 2020, with 3 of the top 6 assets by market cap now being stablecoins.
🔘 Total stablecoin supply peaked at $161.5B in March 2022, however has since seen large scale redemptions exceeding $14.3B. This reflects just 8% of the peak stablecoin supply, suggesting a majority of this capital still remains in this new digital dollar format.
After all the challenges of 2022, the digital asset industry still stands, lessons are learned, and Bitcoin blocks keep being found.
📍Read the full overview by Glassnode
#Coach_Analyzes
@Cryptocoinscoach
MoonPay partners with Uniswap to offer fiat on-ramp.
By integrating with MoonPay, Uniswap has made it easier than ever for users to top-up their wallets directly with a card or bank transfer, including Instant ACH.
Conversion demo.
📍 Follow @Coins for the hottest news in crypto.
Fellow Binancians,
Binance will remove and cease trading on the following trading pairs at 2022-12-27 03:00 (UTC):
Spot Pairs: ANC/BNB, ANC/BTC, ANC/USDT, MIR/BTC, MIR/USDT, TORN/BTC, TORN/USDT, YFII/BTC
Coinbase raised money in 2018 at an $8b valuation. It's currently trading at a $9b valuation.
Meanwhile:
2018 Revenues: $520m
2022 Revenues: $3.3b
2018 Users: 22m
2022 Users: 101m
2018 Assets on Platform: $11b
2022 Assets on Platform: $101b
📍 Follow @Coins for the hottest news in crypto.
┌🟢 #BTC Liquidated Short - $219.8K at $16894.81
└Funding Rate: 0.01%
🧑🏻💻 The number of employees in cryptocurrency has jumped by 351%: from 18.2k in 2019 to 82.2k people now.
Half of them belong to the category "Trading/brokerage".
Of all crypto companies, Binance has the largest team of 7,300 employees ☝🏼
Follow @coach for more crypto insights 🔎
#Coach_Educates
⚡ Brazilian President Signed A Law Controlling The Use Of BTC As Payment.
@Crypto_News | link
Check our partners Instagram
http://instagram.com/coinscoach
Sam Bankman-Fried Released to Parents' Home on $250 Million Bond After Manhattan Hearing
https://decrypt.co/117796/sam-bankman-fried-sent-home-on-250m-bail-after-first-court-appearance
@forex_signals
Bullish Rectangle Pattern
🔅A Bullish rectangle is a chart pattern formed when the price is bounded by parallel support and resistance levels.
🔅A rectangle exhibits a period of consolidation or indecision between buyers and sellers as they take turns throwing punches but neither has dominated.
🔅The price will “test” the support and resistance levels several times before eventually breaking out.
🔅In the case of a Bullish Rectangle 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.
😎@CryptoCoinsCoach😇
SEC identifies the FTT exchange token as a security.
@CryptoCoinsCoach
From SEC's civil complaint filed by Caroline Ellison and Gary Wang against SBF reveals Sam CREATED Alameda’s Deal and Took Actions to Hurt FTX.
Over $8 BILLION of customer funds were wired by customers DIRECTLY TO ALAMEDA rather than FTX.
@CryptoCoinsCoach
Home sales volume fell 7.7% in November and 35.4% over the last year.
This is what a housing crash looks like: Volume collapses first, then prices.
📍 Follow @Coins for the hottest news in crypto.
Daily Digest (December 21, 2022)
🔸 Genesis and DCG creditor committee propose plan for asset recovery.
🔸 Bankman-Fried extradition to U.S. approved.
🔸 Metaverse market collapses, with monthly platform sales falling 96% so far this year.
🔸 Brazil's cryptocurrency regulation set to become law at midnight.
🔸 Coinbase approved as Virtual Asset Service Provider by Irish central bank.
🔸 Crypto market maker Auros defaults on $7.5 million Maple Finance loan payment.
🔸 Swyftx crypto exchange exits $1 billion merger amid regulatory scrutiny.
🔸 Waves blockchain founder asks exchanges to disable futures trading for native token.
🔸 Publicly traded crypto miner Core Scientific files for Chapter 11 bankruptcy.
🔸 Argentine fan token sinks after World Cup win as parade fizzles with players evacuated.
@Cryptocoinscoach
#CryptoPrimeTime_with_Coach
Cup and Handle Pattern
🔅A Cup and Handle is a bullish continuation chart pattern that marks a consolidation period followed by a breakout.
🔅Chart patterns form when the price of an asset moves in a way that resembles a common shape, like a rectangle, flag, pennant, head and shoulders, or, like in this example, a cup and handle.
🔅The cup forms after a downtrend and is followed by an uptrend and looks like a bowl or rounding bottom.
🔅As the cup is completed, the price trades sideways, and a trading range is established on the right-hand side and the handle is formed.
🔅A breakout from the handle’s trading range signals a continuation of the previous uptrend.
🔅In the case of a Cup and Handle 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.
😇@CryptoCoinsCoach😎
The 2022 Global Crypto Adoption Index Top 20 by Chainalysis.
Smash 🔥 if your country is in the list and share with your friends to let them know 📨
BTC Dominance looks to be having a bullish BIAS but is currently at an important support and resistance level which will decide the path.
➡️Strong rejection = Mini Alt season
➡️Break above = Another alt drop
🥳@Coach
