SOLANA network halted 12th time this year

Market indecision continues. Until we get more action in the market, let's make Q&A.

Send me your questions to @FutureCryptoXXX

THe whole market if waiting for US inflation report today.

This information will definitelly cause new volatility in the market.

Let's see how new report will affect the markets

⚡️US inflation jumps to 8.6% in May, the highest since 1981

Historically Bitcoin price never stayed below the 200W Simple Moving Average (SMA) for more than a week.

Weeks 9/3/20, 10/12/18, 17/8/15, 12/01/15 all had wicks through up to 30% below with a bounce in the week(s) to follow.

📍 FOMC Week

Recent employment and inflation data points have given the Fed no reason to pivot from their hawkish stance that has forced widespread risk-OFF since November '21

Currently the market gives a 96% probability that the Fed delivers a 75bps hike on Wednesday.

Estimated leverage on bitcoin continues to grow and already looks menacing.

The next momentum could wash away a huge number of margin traders and draw a giant candle.

Be careful 🙏

🐋 Bitfinex whales are actively gaining longs.

More than 100,000 BTC open - a historical record. Only 3,000 BTC are open in shorts.

👉🏻 Longs started gaining back in early May, when the BTC  price was around $30,000.

Reason why you are not buying at this generational opportunity level is the same why you did not sell at 60K: greed & fear.

Greed because you think that you can time the absolute bottom.

Fear because you think it can drop further.

Forget about tops and bottoms, focus on strategy. 🙏

SOLANA - Weekly TF

Solana is approaching strong long-term support ($19.00-22.00).

We think buying in this area will be a profitable decision and good swing trade.

RSI on a daily timeframe is creating bullish divergence, one more sign that is making this setup even stronger.

Elon Musk 👀

Bitcoin 'Fear and Greed' Index has dropped to 7, Extreme Fear 😰

@coinchartists

https://news.1rj.ru/str/coinchartists

Follow our new channel where we will do only technical analysis.

FED HIKES BY 75 BPS

📉 The U.S. economy declined 0.9% in the second quarter, meaning that the U.S. is technically in a recession.

Gross domestic product (GDP) declined at an annualized pace of 0.9% in the second quarter, marking two consecutive quarters of economic contraction.

While the report on Thursday morning was worse than economist forecasts of a 0.5% contraction, it was slightly better than "whisper" expectations for a decline of 1% or more. The Atlanta Fed's GDPNow tracker, for instance, predicted a negative 1.2% print for Q2.

I’m back 🫶🏻
anonymous poll

Finally, welcome back 🐐 – 99
👍👍👍👍👍👍👍 70%

Can’t wait for your technical analysis 🚀 – 43
👍👍👍 30%

👥 142 people voted so far.

Ripple - get ready to start accumulating 🚀

XRP is about to test the $0.30 support zone, the strongest on the chart.

This is where I will start accumulating XRP for the next bull run.

If you decide to follow, please take care of your risk and only invest money you're comfortable losing!

Which platform should I use for this?
anonymous poll

Binance – 107
👍👍👍👍👍👍👍 71%

Bybit – 44
👍👍👍 29%

👥 151 people voted so far.