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Binance FUD : U.S. Justice Dept is split over charging Binance as crypto world falters
Source : https://www.reuters.com/markets/us/us-justice-dept-is-split-over-charging-binance-crypto-world-falters-sources-2022-12-12/
#BTC/USDT 1W
https://www.tradingview.com/x/9vuR7xIX/
I want to talk about RSI of Bitcoin weekly chart.
There is already bullish divergence on weekly time frame.
And even it makes one more leg down, it will make one more bullish divergence with high probability.
Then it will be typical 3 drives bottom, and price will be reversed.
And this rally can be kept until 28k at least, the major resistance level.
We can't know if 13k will come or not, and price is already cheap.
Expecting cheaper may be too greedy.
By @CryptoCrownTM
#APT/USDT 2H
https://www.tradingview.com/x/c524v1CC/
The price of Aptos is in a steady downward trend.
I think this coin has not completed sufficient correction yet.
Price already got rejection from $5.30 ~ $5.48 level, and I expect further down until $3.75 ~ $3.84 level.
However, there is possibility that it have one more bullish strike to hunt short until $6 ~ $6.7, so set the $5.80 as invalidation price of this bearish plan.
By @CryptoCrownTM
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#XRP/USDT 2D Update
https://www.tradingview.com/x/05C6XuRT/
In long term chart, nothing has been changed on Ripple structure.
Our latest analysis is still working.
After reached flip zone that we expected, price has started correction cycle again.
Price dropped 42% from the flip zone.
As you can see on the chart, price bounced from the major support, but I there is still probability that it reaches lower support level.
So, jumping on Ripple here can be dangerous.
By @CryptoCrownTM
#DOGE/USDT Update
https://www.tradingview.com/x/bWkFBrbK/
Doge made 10% drop after reached our resistance zone.
But price momentum looks not weak yet, so we should off the risk from now on.
Take some profit and move stop loss to entry if you took the short position.
By @CryptoCrownTM
#ZRX/USDT Update
https://www.tradingview.com/x/LIrxp9Hj/
There was a small pull-back as we expected.
But after pull-back, price towards down again, overall structure is still same.
Already 15% profit if you caught short at this pull-back 🥂
By @CryptoCrownTM
#LTC/USDT 2D
https://www.tradingview.com/x/jS3rmHl3/
Litecoin is interesting one in currently market based on halving.
I think there is still possibility that Litecoin make new leg up.
For new leg up, it need some time to cool indicator that is in overbought.
I will try to catch the correction of Litecoin, expected $65 ~ $68.
By @CryptoCrownTM
#ZRX/USDT 12H
https://www.tradingview.com/x/7warwgT8/
Simple, 0x got rejected by previous low resistance.
We might see further bearish movement unless it breaks previous low.
Overall structure looks not good, be careful about your long positions :)
By @CryptoCrownTM
#TOTAL 30Min Update
https://www.tradingview.com/x/d6mPL7zP/
This plan is still active, price is bouncing from the low of the white box.
If you take the long positions based on this analysis, set the stop loss at today's low.
By @CryptoCrownTM
#TOTAL 30Min
https://www.tradingview.com/x/s65ajEsT/
Total broke the bullish trend line, but there is no enough reaction after breakdown.
So, I am expecting some retracement to hunting short positions.
Even if it makes a new low, if it rebounds within the white box, the plan is valid.
By @CryptoCrownTM
Don't be dominated by bad news.
Don't be dominated by good news.
Judging is yours, not news's.
#BTC/USDT 3D
https://www.tradingview.com/x/xDZB89XG/
Here is the analysis of captain, the Bitcoin.
After making the top last year, Bitcoin price already dropped almost 80% from the top.
As you can see, major strong support is close from currently price.
If Bitcoin has retracement around the major support, Retracement's size can be at least 0.5% ~ 0.618% of total dropping width, 41k to 48k.
As you can see, The maximum profit on a short position trade will be between $2k and $4k, but the maximum profit on a long position trade can exceed $30k.
I can't tell now is the bottom, but it is close to bottom.
Buy position is clearly advantageous.
By @CryptoCrownTM
#SOL/USDT 3D
https://www.tradingview.com/x/ptOdUGRq/
Solana is the main position of FTX & Alameda.
Due to recently FTX's collapse, Solana also suffered a fatal blow.
It reaches the daily demand zone, so we can expect small retracement.
But, I think it will keep its downtrend until it reaches the weekly demand zone.
I think there is still possibility that Solana can reach $5 and $2.5 🩸
By @CryptoCrownTM
Why market is fully in BAD NEWS after dumping?
Why market is fully in GOOD NEWS after pumping?
Yes, Everything is just a justification in this psychology game.
Keep your standards when market shakes you.
It is common sense that crypto have 100x potential power :)
By @CryptoCrownTM
#APT/USDT Update
https://www.tradingview.com/x/4EM2F4ZK/
After small consolation, Aptos is still showing weakness, dropped 6%.
Move stop loss to entry point if you took the short positions.
The plan is still same, but don't take risk anymore.
By @CryptoCrownTM
< Series of purification processes >
Today, I will talk about my opinion about overall market.
After Bitcoin reaching 69k ATH, Bitcoin has started its bearish rally until now.
Between the bearish rally of the past year, there are some many big happens on crypto market.
1. LUNA's collapse - 3AC's collapse
2. FTT's collapse - Alameda's collapse - FTX's collapse
3. and various events...
I like to call this a series of purification processes.
The projects that are collapsing now have something in common.
The driving force behind the project is none other than the overheating of the market.
So, while they seemed to work well during the last bull market, but the bear market clearly shows their limitations.
Is the collapse of these projects really a bad thing?
Definitely No. This is a very natural phenomenon and right now the market is in the process of natural purification.
This process may be a bit painful, but we have seen the consequences of not going through it in the past.
Think back to the dot-com bubble.
Yes, this is a necessary process and we need to accept it.
+ For reference, the Nasdaq crashed to 800 after the dot-com bubble.
And now, The Nasdaq is 11500 :)
By @CryptoCrownTM
Market flow is slow, and this slow makes us tired.
The certainly fact is that market is DIP mode now, so we need to focus on investing, not trading.
Focus on F/A (Financial Analysis), not T/A only when market is slow DIP mode.
Which theme will be the next 2021 Metaverse?
Which one will be the next 2021 SOL?
Be the holder of them in next bull run :)
By @CryptoCrownTM
#ETH/USDT 2H Update
https://www.tradingview.com/x/7DCqLTAQ/
Ethereum retested the support zone exactly as we expected.
The previous plan is still valid, Let's see more reaction.
By @CryptoCrownTM
#ETH/USDT 2H
https://www.tradingview.com/x/Zgqoajo6/
Here is my opinion about Ethereum small time frame.
We can expect one more leg up before correction.
$1370 ~ $1445 can be reversal zone, the resistances and 0.5 ~ 0.618 of FIB.
By @CryptoCrownTM
#DOGE/USDT 4H
https://www.tradingview.com/x/ODzjJFUg/
Let's see Doge in small time frame.
Doge is showing some retracement after recently huge pumping.
But now, RSI is already in overbought zone, and volume looks lack.
So we can expect it back to support zone again, around $0.070 ~ $0.075.
$0.110 ~ $0.115 can be good reversal area, as a resistance.
By @CryptoCrownTM
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#CHZ/USDT 1D Update
https://www.tradingview.com/x/0qfVmXuB/
As we expected, Chiliz completed 3 drives, during 3 drives, RSI also reached the red box zone.
Dropped 50% from the top, and price reached the daily demand zone.
Analysis is completed, I will update new plan after some confirmations.
By @CryptoCrownTM
#PREMIUM #RESULT
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#DYDX/USDT 3D
https://www.tradingview.com/x/OAH5HcPp/
dYdX completed expected correction after our analysis.
Currently place is very important zone, if price supports here, we can see new HH as our plan.
If you joined dYdX position, I recommend 1.545 as invalidation price.
Stay tuned until next update :)
By @CryptoCrownTM
Source : https://twitter.com/julianhosp/status/1593568288545509377?s=46&t=TXqPJ47QWwdo1ciMw9fGcA
Always bad news, worrying, FUD dominate the market in bear market.
Don't be shaken :)
#DYDX/USDT 3D
https://www.tradingview.com/x/jQ3jALSb/
Recently, FTX, one of the biggest CEX exchange is collapsed.
After collapsing, DEX is getting attention.
dYdX is one of the coins representing DEX.
As you can see on the chart, Volume is very interesting, and it's definitely buying volume.
Because it reaches the strong resistance zone, we might see the pull-back from here.
If price supports $1.7 ~ $1.8, we can see the further leg up, as marked on the chart.
By @CryptoCrownTM
Since FTX collapse, I've been taking a break from analysis.
I will resume our analysis from today.
Leave the name of the coin you want to analyze in the comments on Twitter :)
https://twitter.com/CryptoCrownTM/status/1592358368299323395?s=20&t=c3jz0gM8lgpwSXuDkFpNcQ
Yeah, just small happening 😏
https://www.tradingview.com/x/tZIyyNXG/