📊 BTC Update

The 200 weekly MA has served as the “bottom” in every market cycle since Bitcoin has been able to be tracked by it.

- Aug 2015
- Dec 2017
- Mar 2020 (COVID Crash)

Due to the current FUD, we can see more selloff and expect bitcoin to hit the 200 weekly MA level which is at $21000.

There is no major support area between $28k - $14k as shown in the chart. Also, there is a major CME Gap at $24k so I am expecting Bitcoin to crash to these levels.

Considering the above info I see bitcoin near $20k by June end.

Be ready to buy bitcoin between $20k - $14k

Never hand over your funds to any online entity!!

Most of the fund management schemes are scams in the crypto.

https://cointelegraph.com/news/terrible-crypto-trader-gets-42-months-for-fraud-claiming-he-was-a-total-gun

🚨 SEC opens investigation into Terra

The Securities and Exchange Commission (SEC) is apparently already investigating Terraform Labs, The Block reports. There has been no official statement from the SEC itself.

📊 BTC Update

No sign of reversal on any time frame and no volume near $30k support area. (Expect more sideways days near $30k)

If bitcoin close daily candle above $31500 then we can expect $35k.

If bitcoin fails to do so then this consolidation will result into downtrend continuation.

📰 JUST IN: Ethereum core developer says the merge to proof of stake might happen as early as August.

too much #BTC inflow to exchanges.

📰 JUST IN: Do Kwon founder of terra Luna foundation says they used all the Terra Reserves to defend the $UST peg.

📰 JUST IN: PayPal May Soon Accept All Forms Of Crypto Reveals Vice-President

@CryptoNews_HQ

📊 As predicted in last post, market still moving sideways. I see sideways / slow market till end of this month.

📰 JUST IN: Tether withdrawals $10 billion - 13% of supply as regulators raise alarm about stable coins.

Last time 44% of supply was withdrew in Oct 2018, which preceded the crash from 6k to 3k in Nov 2018.

@CryptoNews_HQ

📊 Bitcoin Fear & Greed Index is 12.
😱 Extreme Fear
📈 Current price: $29,225

@CryptoNews_HQ

ByBit USDT, Binance Futures
#AVAX/USDT Take-Profit target 1 ✅
Profit: 52.9508% 📈
Period: 5 Days 20 Hours 58 Minutes ⏰

📰 JUST IN: DEX protocol Uniswap hits $1 trillion cumulative trading volume milestone

@CryptoNews_HQ

➡️ SHORT ETHUSDT

❇️ Entry: 1950 - 2100

☑️ Target 1: 1852.50000000

☑️ Target 2: 1755.00000000

☑️ Target 3: 1657.50000000

⛔ Stoploss: 2222

💫 Leverage : 10x

ByBit USDT, Binance Futures
#ETH/USDT Take-Profit target 1 ✅
Profit: 85.1852% 📈
Period: 11 Days 18 Hours 13 Minutes ⏰

Binance Futures
#AVAX/USDT Take-Profit target 2 ✅
Profit: 120% 📈
Period: 7 Days 15 Hours 42 Minutes ⏰

Binance Futures
#ETH/USDT Take-Profit target 2 ✅
Profit: 170% 📈
Period: 11 Days 23 Hours 8 Minutes ⏰

📊 ETHBTC This chart tells me more bleeding for #Altcoins is on the way.

In upcoming weeks BTC will bleed less than ETH and Altcoins.

$53M $ETH liquidations vs $43M $BTC

Lots of leveragers anticipating The Merge who needed clearing out.

More downside for ETH and Alts.

Huge inflow to the FTX exchange.

This could be exit pump!