? Major Crypto Shake-Up: EU to Delist Tether's USDT by Dec 30 – What This Means for You! ? ? CRYPTOCAP:BTC ? Big changes are coming to the crypto world in Europe! Under the new Markets in Crypto-Assets (MiCA) regulations, all crypto exchanges operating in the European Union must delist Tether’s USDT by December 30, 2024. This decision has sparked intense debates about its impact on liquidity, trading, and the broader crypto market in Europe. ? Key Points to Know: ⚡ Liquidity Could Drop USDT accounts for a significant share of crypto trading volumes. Its absence may make it harder for traders to execute trades efficiently. ⚡ Market Challenges Lower liquidity might lead to higher slippage and reduced accessibility, potentially affecting the price of assets traded against USDT. ⚡ Opportunities for Other Stablecoins This could open the door for alternatives like USDC, BUSD, or emerging stablecoins to fill the gap and gain traction in the market. ? Why Is This Happening? The MiCA regulations aim to standardize and regulate digital assets in Europe. While the framework brings clarity, some stablecoins like USDT may fail to meet strict compliance requirements. ? What’s at Stake? Market analysts and crypto executives worry that delisting USDT might hinder liquidity, especially in markets where it is dominant. On the other hand, some believe the shift could boost innovation by encouraging the adoption of compliant stablecoins. ? The Bigger Picture For crypto users and investors in Europe, this move could be a challenge in the short term but an opportunity in the long run. A more diversified and resilient market might emerge, driven by innovation and compliance. ? Your Take Matters! What do you think about this regulatory decision? Will it disrupt the market or pave the way for new opportunities? Let’s discuss below! ?
After not posting for a long time, I finally returned to analyzing the market, namely the Bitcoin market. From the chart here we can see the end of Eliotte, namely stage 5 in the 1 week time frame, which means what? That's right, we are at the end of the Bitcoin bullrun. OK, I will explain a little about the chart that I made; First, Bitcoin at the end of this year will reach its highest point at $109k-$119k then will fall slowly but still in the $100k area. Second, Bitcoin will experience a fairly large decline to $60k- FWB:65K , why is that happening? as Bitcoin has a CME Bitcoin GAP in the $80k-$78k area. Third, Bitcoin will experience a very large decline in March-April 2025, namely it will touch a price of $43k-$45k, why is that happening? because Bitcoin is currently forming a pattern, namely Head and Shoulders, with a low position between $43k-$48k. What is next? OK, in my opinion, Bitcoin will hit $100k again in 2027, If; 1. Bitcoin support is strong in the $43k area 2. There is no Global Crisis. If either happens then Bitcoin will hit $10k again. How is that possible? Yep, we forgot something, namely the CME Bitcoin GAP which is in the $9.8k area. Maybe this is all I can say, and maybe I'll come back a few months from now. If you find my explanation useful, don't forget to leave a donation in my Binance account with ID: 36103837 to support my idea. I'll just end it here and say thank you.
"Kamala Klimax" has become synonymous with an extraordinary period in the annals of cryptocurrency, having primed Bitcoin for an amazing run towards the $100,000 mark. As Vice President Kamala Harris championed progressive policies that resonated through the realms of technology and finance, her influence catalyzed significant bullish momentum within the blockchain sector. This era saw Bitcoin not merely rise, but soar, as it was buoyed by a wave of optimism and innovation. The ascent was powered by a robust combination of regulatory relaxation and technological advancements. Harris's administration facilitated a fertile environment for fintech innovations, which in turn attracted a surge of institutional investors and crypto enthusiasts, all eager to partake in the burgeoning Bitcoin bonanza. The market sentiment was overwhelmingly positive, with the digital currency's value climbing to new, dizzying heights, nearing the once-unthinkable $100,000 milestone. However, as with all epic tales, the peak is often followed by a precipitous fall. Enter the looming specter of the "Donald Trump MAGA Dump." As political tides shift and the former President hints at a dramatic return to power, the crypto community braces for potential upheaval. The MAGA movement, known for its tumultuous impact on markets, could instigate a drastic downturn, with Bitcoin potentially plummeting to $80,000—if it's lucky. This expected "Dump" is feared to be fueled by a cocktail of controversial policies, unpredictable tweets, and a general shift towards economic nationalism, which may scare off international investors and shake the very foundations of the crypto market. The blockchain, once a beacon of bullish trends under the "Kamala Klimax," might soon face the wrath of renewed MAGA forces, potentially erasing significant gains and setting the stage for a new era of market uncertainty. In conclusion, while the "Kamala Klimax" prepared Bitcoin for an unprecedented ascent, reaching towards $100,000, we now stand on the cusp of the "Donald Trump MAGA Dump," where a crash to $80,000 seems not only possible but probable. The cryptocurrency community must now navigate these choppy political waters with caution, as the winds of change threaten to shift from a gale of gains to a storm of losses.
The price is reacting off the resistance level which is a pullback resistance and could reverse from this level to our take profit. Entry: 2,627.88 Why we like it: There is a pullback resistance level. Stop loss: 2,655.19 Why we like it: There is a pullback resistance level that aligns with the 50% Fibonacci retracement. Take profit: 2,585.75 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Zooming out from the four-hour to the weekly (my favorite timeframe). It is easy to note that the chart does not look quite as bearish. The BBWP and stochastic RSI needed this cool off zone for a few days/weeks, this allows for continuation. BTC did not quite hit my target before the expected downturn. This remains my PT1. I believe we will see around 140k my April 1st given the fib projection. Once I see BTC hit around 140k, I will wait approximately 10 days and start to take profits on my alts I have been holding and averaging into. I am not willing to wait to see how that ends up. I will leave a few select alts to run until the end of cycle top which should be around 200k. Remember, no one ever got hurt from taking profits.
Hidden Bullish Divergence on Daily TF. Potential to move upside around 250 - 270. However, breaking 185 will bring more selling pressure.
BTC is pretty bearish right now as it cools off. I do not usually share 4 hour charts these days, look at the resetting BBWP and RSI. This is a much needed cool off. This correction will allow whales to get that final under 100k entry before the Q1 pump. I expect more capitulation, and a daily wick to my initial target. Volume has dropped off making this easier to flush out. Targets: Next week a leverage flush will cause the 87-89k target This will allow people to stack up before the new year
Check the chart for analysis or view not any recommendations just for educational purposes only
Key Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Mondi Stock Quote - Double Formation * (Neckline) | Completed Survey | Entry Bias * Retracement | Numbered | Subdivision 1 - Triple Formation * 012345 | Wave Count | Subdivision 2 * Flat ABC | Correctional Condition At 14.00 GBP * Daily TIme Frame | Trend Settings | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
OpenAI announced a new family of AI reasoning models on Friday, o3, which the startup claims to be more advanced than o1 or anything else it’s released. These improvements appear to have come from scaling test-time compute, something we wrote about last month, but OpenAI also says it used a new safety paradigm to train […] © 2024 TechCrunch. All rights reserved. For personal use only.