Historical analysis shows that , as and when we double top with low volume we fall bad
See Iteration 1 and 2 we doubled top and fall bad
This iteration is bit different , we are near double top, BUT we have a heavy volume candle , which was missing earlier
Probably what I am looking at is
1- To remain bullish BTC has to break all the fuss with another volume...
Fundamental Development:-
Crypto community eyeing three macro events to tip crypto scales in July
The crypto community is looking into three key dates this month that could profoundly impact the trajectory of the crypto market and the wider United States macroeconomic environment this year. On July 13, the monthly Consumer Price Index (CPI) and data relating to...
BTC is holding above this support right now market is pretty unstable, trade carefully, hitting stoploss is most probable case so trade accordingly,
We have 2 TP in this case so use those according to your risks
DYOR
Fundamental Development:-
Jacobi Asset Management to launch Europe's first Bitcoin ETF on Euro next
Jacobi Asset Management said on Thursday that it would launch Europe's first Bitcoin exchange-traded-fund (ETF) on the Euronext exchange, in a sign of the crypto currency’s appeal despite its volatile price swings. The company said its Jacobi Bitcoin ETF would...
Fundamental Development:-
Regulatory uncertainty creates rash of ‘novel’ lawsuits: Legal experts
Regulatory uncertainty surrounding crypto has created a “fertile environment” for crypto-related litigation and enforcement to grow, according to lawyers from Choate Hall & Stewart LLP. In an analysis piece published on Law360 on June 28, lawyers from Choate Hall &...
Fundamental Development:-
Institutional crypto asset products saw record weekly outflows of $423M
Digital asset investment products saw record outflows totaling $423 million last week, with institutional investors from Canada representing nearly all of the carnage. According to the latest edition of Coin Shares’ weekly “Digital Asset Fund Flows” report,...
Fundamental Development:-
'Brutal and unrelentingly hard': Singapore regulator's clampdown on crypto
Singapore’s financial regulator and central bank has pledged to be “brutal and unrelentingly hard” on any “bad behavior” from the cryptocurrency industry.The comments come from Monetary Authority of Singapore (MAS)’s chief fintech officer Sopnendu Mohanty,...
Fundamental Development:-
China warns Bitcoin is heading to zero but BoE looks on the bright side
The Chinese government has capitalized on the violent downturn in the crypto market by warning crypto investors that Bitcoin prices are “heading to zero.” The South China Morning Post reported on June 22 that Chinese national news media agency Economic Daily had...
Fundamental Development:-
Central Bank of Jamaica Warns About Bitcoin and Defends Its CBDC
crypto winter that has evaporated most of the value of cryptocurrencies, central banks and governments from almost all over the world that have CBDCs or work on the development of state digital currency projects, are warning about the risks of using and investing in...
Fundamental Development:-
Stable coins highlight ‘structural fragilities’ of crypto — Federal Reserve
The Federal Reserve’s board of governors pointed to stable coins as a potential risk to financial stability amid a volatile crypto market. In its Monetary Policy Report released on Friday, the board of governors of the Federal Reserve System said “the collapse...
Fundamental Development:- 126% return for stock market short-sellers who smelled blood in crypto waters
Short-sellers have made a killing on various sectors of the U.S. stock market this year, but no other sector "held a candle” to the block chain industry, with crypto company short-sellers profits up 126% in 2022, according new data., technology and data...
Fundamental Development:- XRP was trading at $0.33748 . on the Investing.com Index on Thursday, up 10.04% on the day. It was the largest one-day percentage gain since February 25.The move upwards pushed XRP's market cap up to $16.24440B, or 1.70% of the total cryptocurrency market cap. At its highest, XRP's market cap was $83.44071B.XRP had traded in a range of...
BTC Buy Trade opportunity
BTC Buyers are going to strengthen its ready to break out above the resistance area if the market closes above the resistance it will be very High Accuracy signals with very good risk-reward
‘Always trade with Stop Loss "
Fundamental Development:- Metaverse tokens are vastly outperforming every other crypto category in the current bearish condition, up by nearly 400% year on year.Leading the gains are Decentraland’s MANA (up 41%), The Sandbox’s SAND (up 470%), Axie Infinity’s Axie Infinity Shards (AXS) (up 511%), and Stepn’s GMT (up 746%), according to data from Kraken Intelligence...
