Pivot Point
🔅Pivot points refer to technical indicators used by day traders to identify potential support and resistance price levels in a securities market.
🔅They are based on the previous day’s high, low, and closing prices.
🔅Traders use pivot points and the support and resistance levels they provide to determine potential entry, exit, and stop-loss prices for trades.
😇@Coach😎
2️⃣0️⃣2️⃣2️⃣ In Numbers
Last year was marked by a major market correction while Q2 appeared to be the worst for Bitcoin in history.
Today, on-chain indicators signal about restart of the market after a long fall 🤞🏼
Gonna wrap 2022 up in several infographics and forget about it 😅
https://twitter.com/CryptoCoinCoach/status/1615662714113638404
🗣 New interview: CCC.io x Ankr
Ankr is a decentralized Web3 infrastructure provider that helps developers, dApps, and stakers interact easily with an array of blockchains.
⏰ Meet you on Wednesday, January 18, at 7:00 PM GMT here, in our Telegram: /channel/coach
🎙 In our live interview, we will have a talk with Ryan Fang, Co-Founder & COO
Prize pool
💰 $250 in $ANKR for 5 random listeners
What to do to take part?
✔️ follow us on Twitter:
https://twitter.com/CryptoCoinCoach
https://twitter.com/ankr
✔️ like & retweet the announcement: https://twitter.com/CryptoCoinCoach/status/1615445296615415815
✔️ don't go anywhere until the interview ends
*Make sure to update your Telegram to the latest version to support live broadcasts.
@coach
#Coach_Welcomes
2️⃣0️⃣2️⃣2️⃣ In Numbers
2022 was a real test for public miners & crypto-related companies.
What aggravated an already difficult situation:
⚡️ energy crisis
⛏ rising cost of mining
🧾 inability to meet credit obligations through the sale of reserves due to the decline in prices
https://twitter.com/CryptoCoinCoach/status/1615351917453971456
S&P 500 Targets
2022 2023
Barclays $4.800 $3.675
Morgan Stanley $3.900 $4.400
UBS $3.900 $4.850
Bank of America $4.000 $4.600
Goldman Sachs $4.000 $5.100
Credit Suisse $4.050 $5.000
RBC $4.100 $5.050
JPMorgan $4.200 $5.050
BMO $4.300 $5.300
Remember we discussed the stock market forecasts are all made according to a template: each bank is tied to 7-8% and then just adjusts upwards or downwards depending on the mood they are in - bullish or bearish - to be safe?
Still, the forecasts for 2023 show a much wider range of opinions. It is rare that so many banks take such a bearish stance.
This is to be expected after all: people are taking a bearish stance at the bottom because it is when the cracks in the economy/labor market/corporate income are particularly visible. The bearish mood is in the air before these cracks become visible to a wide audience, though.
Let's forecast in the beginning of the year how 2023 will end!
🔥 Greener than S&P 500 targets
👀 Even more red than S&P 500 targets
🫡 S&P 500 will be right this time
Follow @coach for more crypto insights 🔎
#Coach_Educates
Daily Digest (January 16, 2023)
🔸 3AC founders Zhu and Davies pitch to raise $25 million for new crypto exchange.
🔸 Binance will allow institutional investors to keep the collateral for leveraged positions off of the platform.
🔸 Suspected North Korean hackers move $63.5 million in ether stolen from Horizon bridge.
🔸 Bithumb ordered to pay damages for outage during bitcoin's 2017 rally.
🔸 Shiba Inu about to launch Ethereum Layer 2 network Shibarium in beta.
🔸 FTT surges 48%; other bankrupt tokens also rise.
🔸 Bitcoin moves toward neutral sentiment on Fear & Greed index.
🔸 Immutable X games collected largest Web3 funding of 2022 – over $900M.
🔸 Binance assists in recovering $3M from Harmony bridge hack.
🔸 Bulgaria’s prosecutor general insists Nexo investigation isn't political.
🔸 Scaramucci backs former FTX us exec’s new crypto venture.
@coach
#CryptoPrimeTime_with_Coach
A good way to explain why Bitcoin is the future to your non-crypto friends & relatives 🤌🏼
These two reasons are already enough 😤
If you know more, share them on our Twitter:
https://twitter.com/CryptoCoinCoach/status/1614946090561802241
https://twitter.com/CryptoCoinCoach/status/1614891191484702720?s=20&t=_kXya0YPpwX4vJREK4dphQ
Читать полностью…Binance Will Support the Gifto (GTO) Token Swap to Gifto (GFT)
https://www.binance.com/en/support/announcement/2300adb470e54d4ba8db292e54e85a93
📍 Follow @Coins for the hottest news in crypto.
Daily Digest (January 17, 2023)
🔸 FalconX, Bitmex founder Hayes invest in market maker Elixir amid dearth of providers.
🔸 Fidelity International-backed OSL latest crypto outfit to slash workforce.
🔸 Silvergate shares jump in pre-market trading despite loss as bank well-capitalized.
🔸 Crypto investor HashKey Capital closes third fund at $500 million.
🔸 Filecoin Foundation set to test IPFS-based communication in space.
🔸 EU's final vote on MiCA regulation postponed until April.
🔸 Vauld gets creditor protection until Feb. 28 — shorter than requested.
🔸 Ethereum hits 500,000 validators ahead of scheduled Shanghai Upgrade.
🔸 Decentraland posts 81% rise over the week, leads metaverse token rally.
🔸 Bitcoin mining emissions down 10% as Kazakhstan's hash rate share decreases.
🔸 Thailand's SEC mandates exchanges to establish digital wallet management system.
@coach
#CryptoPrimeTime_with_Coach
Support Level
🔅A support level is the price at which an asset may find difficulty falling below as traders look to buy around that level.
🔅Usually, the markets prove unwilling to let an asset drop below its support level, with buyers stepping in to raise the asset’s price higher again.
🔅That makes them the opposite of resistance levels: the point at which the markets prove unwilling to let an asset’s price rise any higher.
🔅If an asset does move below its support level, then that support level is either wiped out – and a new support level must be identified – or reconfirmed, if lots of traders buy the asset.
😇@Coach😎
AUTO: Good to buy and HOLD.
🟥 Red Box: Buy zone
🟥 Stop loss: Daily candle close below 201$
🟩 Green box: Take profit zone
🥳@Coach
Binance Custody launches Binance Mirror to let institutions store crypto with cold custody without having to post collateral directly on the exchange.
Читать полностью…time to buy SHIB ?
https://twitter.com/CryptoCoinCoach/status/1615008214080266243?s=20&t=H9ZsrlXMvK2Fd3_8a1fLMQ
🏦 At the end of the year, big investment banks release their market forecasts for the year to come.
Making these forecasts is really simple. Each bank is tied to 7-8% and then adjusts upwards or downwards depending on the mood they are in - bullish or bearish. For banks, these are safe forecasts (no one will be fired for them) so they are basically useless.
For example, S&P 500 itself ended 2022 down 19%, its worst annual performance since 2008, when the world was dealing with the Great Recession.
Another example is 2020. If you knew that a pandemic would bring the global economy to a screeching halt, you would have guessed that the market would end 2020 in red. But we know that this was wrong, as the S&P 500 climbed 16% that year…
Do you trust stock market forecasts?
🔥 Yes, need smth to rely on
👀 No and I'm fine with it
Follow @coach for more crypto insights 🔎
#Coach_Educates
Resistance Level
🔅A resistance level is the point on a price chart at which an upward price trajectory is impeded by an overwhelming inclination to sell the asset.
🔅If a market price is nearing a resistance level, a trader may opt to close their position and take the profit, rather than risk the price falling back.
🔅The meaning of resistance level stems from market sentiment and trader behaviour, because it is an indication of whether an asset has reached a price level that market participants are unwilling to surpass – i.e. there is resistance from the market.
😇@Coach😎
Last Week Crypto performances.
1.💰 Bitcoin: 21.90%
2.💰 ETH: 20.61%
3.💰 BNB: 9.80%
4. 💰XRP: 12.29%
5.💰 Cardano : 18.11%
6.💰 Doge: 17.26%
7.💰Polygon: 17.43%
8.💰Solana: 55.38%
9.💰Polkadot : 23.52%
10. 💰Litecoin: 10.40%
🥳@Coach
today won't be trading on the US market, expecting further consolidation and ALT season time
Martin Luther King Jr. Day is a federal holiday in the United States marking the birthday of Martin Luther King Jr. It is observed on the third Monday of January each year. Born in 1929, King's actual birthday is January 15. The holiday is similar to holidays set under the Uniform Monday Holiday Act
"I have a dream that DOGE will hit $1"
Take a note: Scheduled unlocks in the next 24h. Trade safe!!
📍 Follow @Coins for the hottest news in crypto.