$BTC Long-term Gameplan (with a bullish view)
#BTC had lost its 20k mark and will likely fall to the 12k demand zone. We expect BTC will bounce back from here. Then 20k becomes the new 6k (the new support).
2023 will have a rally, and in 2025 we will have a new ATH.
1/3
Wait, what? Chainslab is evolving!
Say goodbye to the old and dusty, and hello to our new and sicker Homepage. Take a look: https://t.co/s9GpA8amcu
What’s changed?
💚 The design is now greener and more modern.
💚 The user experience is cleaner and easier to navigate.
💚 The website now features all of our brainchilds: @chainslab_io, @deFarm_ETH, and @horuscash.
Why the change? Simple. We want to offer you a more user-friendly experience using all of our products. And this is our way of taking that commitment to the next level.
And if you can not find our previous research, fear not my friends, head to https://t.co/e4SySGAeOV. The research department is not evolving (yet).
Have a good trip & Welcome to the new Chainslab.
Over $100M Liquidated Yesterday Due to Fake News About Bitcoin Spot ETF Approval
More than $107 million was liquidated on centralized derivatives exchanges yesterday, as reported by https://t.co/SiPVf5l9yN. This sudden sell-off occurred after the price of $BTC surged towards $30,000. The trigger for this sharp downturn was news published by Cointelegraph and disseminated by several other sources, claiming that the SEC had approved BlackRock’s iShares Bitcoin spot #ETF.
However, within minutes of the announcement, Fox Business producer Eleanor Terrett contradicted the news, tweeting that the information from Cointelegraph was false and that the BlackRock application was still under review. Cointelegraph later apologized.
No matter what happens, the market will be volatile at that time. The best move is to sit back, relax, and observe.
When things settle down, we'll find the perfect entry. Patience is key, friends. Opportunities are always around the corner.💰
🚨 CPI news in 1 hours, hold on to your hats, traders ❗️
💥The moment we've been waiting for is here! 📈 CPI (Consumer prices Index) play a big role in inflation and last month was a 6.5% spike. This time, a 6.2% forecast is on the table.
💡Here's my two cents: The recent Bitcoin hike before the news isn't a good sign. Chances are the numbers will be higher and crypto may continue its correction.
📌 STGUSD Long Signal
Traders, are you ready for some profit-making action? $STG is backtesting the local support in the 1H timeframe, and the charts are SCREAMING BULLISH! This could be a golden opportunity for short to mid-term investments, so don't miss out.
Scalpers, here's the gameplan:
📍 Entry: 0.71x-0.73x
📍 Stop Loss: 0.66x
📍 Take Profit: 0.8xx
Always trade at your own risk and never risk more than you can afford to lose. Happy hunting! @StargateFinance
https://t.co/NUPKg8i6gv
📌 STGUSD Long Signal
Traders, are you ready for some profit-making action? $STG is backtesting the local support in the 1H timeframe, and the charts are SCREAMING BULLISH! This could be a golden opportunity for short to mid-term investments, so don't miss out.
Short-term traders, day traders, and scalpers, it's time to grab your trading guns. Look for an entry at 0.71-0.72 and aim for the latest peak.
Long-term players, be patient, wait for a better entry at 0.6x, buy a SPOT, and watch your investment reach a new All-time-High. $STG
�� $BTC update: The correction is here?
After a month-long bullish ride, it looks like #Bitcoin is taking a turn. It's down 6% from its peak, but it's still within its upward channel. I know waiting isn't fun, but we must watch the market's response closely.
But personally, I think this could be the correction we've been waiting for. For those looking to short-sell, now's your chance. Find your entry point around 230xx - 232xx, and aim for 20k5. Or, play it safe and wait for $BTC to test the 20k mark before going all-in.
Here's my setup for a swing:
📍 Entry: 0.4xx -0.43x
📍 Stop Loss: 0.46xx
📍 Take Profit: 0.2xx
Always trade at your own risk and never risk more than you can afford to lose.
https://t.co/v9TBn05LAA
📌 ADAUSD Short Selling Signal
Looks like my instincts were right on the money with $ADA! I've been keeping a close eye on this one, and it's been in a downward channel since May 22nd.
Currently, it's trading near the resistance zone and showing some clear bearish reversal signals on the daily chart - a inverted hammer, baby! I'm putting my faith (and 3% of my trading capital) on the line and shorting from 0.4 to 0.43. Ready to make some moves?
Play it safe, don't take any big trades between 18:15 - 20:00. After that, if you want to take advantage of imbalances, keep your trade sizes small and manageable.
My bet is still SHORT, what is yours?
🚨 Rate Hike in 12 hours
Brace yourselves traders, #FED will announce their interest rate decision at 19:00h (UTC), and it's expected to be 25bps. But, the real wildcard will be Powell's speech at 19:30, which could cause some market volatility, especially #Crypto market