All asset classes are valued by supply and demand. Here's a rare crypto max supply comparison on the YTD 3-day chart:
YFI 36,666
MKR 1,005,577
COMP 10,000,000
QNT 14,612,493
AAVE 16,000,000
BTC 21,000,000
BCH 21,000,000
ZEC 21,000,000
LTC 84,000,000
BAL 96,150,704
ETH +1,600 / day max inflation
ETC 210,700,000
YFI 36,666
MKR 1,005,577
COMP 10,000,000
QNT 14,612,493
AAVE 16,000,000
BTC 21,000,000
BCH 21,000,000
ZEC 21,000,000
LTC 84,000,000
BAL 96,150,704
ETH +1,600 / day max inflation
ETC 210,700,000
Note
10/27/23 Bitcoin trade idea:1:4
Short 34k
Stop 35k
Profit 30k
Note
35k +3%34k
30k -13%
Note
Bitcoin 3 day chart closes in 1 hourNote
3 day candlestick printed at 33,900Note
10/28/23 Bitcoin short trade idea:1:4
Short 34.5k
Stop 35.5k -3%
Profit 30.5k +13%
Note
1-5x leverage maximum for swing trade BTC shorts10-30x leverage for scalping BTC shorts
Note
Bitcoin trade idea update:short 34,700
stop 35,700 -3%
profit 31,500 +10%
1-5x leverage maximum for swing trade BTC shorts
10-30x leverage for scalping BTC shorts
Note
Forbes 11/15/2023:Bankrupt FTX Wants To Sell $100 Million Of Crypto Per Week.
Note
11/16/23 Bitcoin trade idea:short 37,500
stop 38,000
profit 29,700
1-5x leverage maximum for swing trade BTC shorts
10-30x leverage for scalping BTC shorts
Note
According to Forbes analysis FTX is sitting on about $2.6 billion of solana and bitcoin and another $1.7 billion in other cryptos. In September the company received judicial approval to start liquidating recovered crypto and it has transferred $100+ million worth of solana to major exchanges such as Binance, Coinbase and Kraken; that kind of transaction is often a sign that a crypto owner is preparing to sell.Note
Bitcoin trade idea:Short = 37,500
Stop = 38,500
Profit = 29,700
Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.