GM #toptraders

💰 The period of low volatility in the crypto market continues. BTC has broken out of the range and is still consolidating below $29,500. For further growth we need to get back into the range. Otherwise, expect a deeper correction to the $27,700-$28,170 area.

🇺🇸 The U.S. market is giving mixed signals. S&P500 does not give weakness on the background of strengthening DXY. We are watching who will be the first to give up.

💰 Curve hacked to the tune of $30M+. As a result, half of TVL exited the pools. CRV lost 15% in value, but we don't believe this situation is fatal to the site. It's more of a reminder that there are always and everywhere risks in the crypto market.

The monthly chart closed yesterday. We do not expect any sharp movements. Sluggish market. Sluggish bitcoin. Let them rest.
Have a profitable week, everyone!

📉 BTC closed the week at $29,281. #BTC #week #toptraders

Came out of a sideways trend
https://www.tradingview.com/x/ZUOUbl8a/

🟢Got a reaction in the resistance zone [$29,000 - $31,000]
✅ Removed liquidity to buy from the upper boundary of the local range [$31,500]
🟢 The structure continues to remain upward.

➡ The local structure is not broken. One can continue to work in the upward direction.

📉 Yesterday BTC closed the monthly candle at $29,300. Removed liquidity above the June candle and pulled back. Globally the structure is downward. The likelihood of a sharp move down remains.
https://www.tradingview.com/x/7fHcJsE4/

✅ Conclusions:
We remember that the growth occurred on lower volumes. It is not excluded that the whole movement was a collection of stops before further plunge. As long as the price does not overcome the resistance zone, chances for a deep correction remain.

The areas of interest for a global correction for the TT are the areas coinciding with the Fibonacci levels:

$23,000 - $24,000
$21,000 - $22,000
$18,000 - $20,000

It's important to observe further pricing and observe the risks.

GM #toptraders

🥱 Still boring flat on BTC. Attempt to consolidate back in the $29,500 -31,400 range failed to get support. Removed liquidity on both sides of the local range. Price in balance.

🔵 The nearest zone of interest is $28,400 - $27,700. Or a return to the July range. Volatility is needed for this. US inflation data this Thursday could be the catalyst. Waiting.

💶 The market didn't even react much to another Tether FUD. CZ's remarks about Tether's lack of transparency in reporting and some manipulative transactions led to USDT getting unbound from $1. We don't see any tragedy in this. History repeats itself time and time again, and it's time to get used to FUD in regards to Tether FUD is now a familiar story.

🏖️ Until summer vacations are over, we are spending more time in nature than at the charts. We wish you the same! Have a great week!

📉 BTC closed the week at $29,088. #BTC #week #toptraders

The spring continues to compress.....

▫️ Minimum trading volume since March 2023
▫️ Got a reaction at the resistance zone ($29,000 - $31,000) and continue to stay near it
▫️ Indicators are unloaded
▫️ Structure continues to remain uptrend

▫️ Locally, we can continue to work in the uptrend direction as long as the structure is not broken.
▫️ Continuing to clamp in a bearish wedge formation similar to the bullish pattern June 2022 - January 2023


Conclusions:
Taking into account that the growth is taking place with minimal volumes, it is not excluded that it is only taking out SLs before further plunge. As long as the price has not gone above the resistance zone, chances for a deep correction remain.

The areas of interest of the global correction are the areas coinciding with the Fibonacci levels
$23,000 - $24,000
$21,000 - $22,000
$18,000 - $20,000

https://www.tradingview.com/x/p4RU9MVl/

🔀 TT's new partner exchange is BingX. #toptraders #bingX

At first glance, it looks like a good exchange.
So we'll start learning it and testing it these months with the team.

⭐️ Promo in honor of our presence on BingX - $50 bonus with 5x leverage when you sign up using our link:
https://bingx.com/partner/toptraders

And with good trading volume you will get up to $900.

All conditions here

⭐️
Top 8 in derivatives trading volume, according Coingecko and CMC.
The best crypto broker of 2022, according to Tradingview.com

- The bonus cannot be withdrawn, but the profit from a 50$ deal with 5x leverage can be withdrawn immediately.
- KYC is not necessary to pass.
- Registration is open to users from the Russian and the Republic of Belarus.

🪂 CyberConnect listing on Binance as early as August 15. #toptraders #binance

This is a web3 social network that allows developers to create social applications that empower users to own their digital identity, content, connections and interactions.


May 18, 2023: public sale on Coinlist, raised $5.4M, price: $1.8.
November 2021: seed round from Multicoin: raised $10M.
May 2022: Series A from Animoca and Delphi: raised $15M.

On August 15, 11.04% of FDV will be released into circulation at once, but that's down from GAL (17.5%) and SEI (18%).
Including the 3m CYBER from the Binance launchpool.

Also you can still do some activity on the CyberTrek rewards program ($1.8M promo).

The mint page is here. Fanclub activity here.


Utilities of the CYBER token:
1. paying for CyberID
2. payment for gas with CyberWallet
3. future applications depend on CyberDAO
4. delegation and voting

📈 Our expectations on TGE are $5-9$ (x3-5 from price on publc sale)
and market cap to $100М.
That is, the team's goal is to get into the top 250 on СМС.
Taking into account the large amount of tokens thrown in when listing, we will need to look at support levels after a week of listing and think about entries there.

Reserch from Binance

🔥 GM. #toptraders

Steve Cutts... 2016


How was your weekend?

📊 Binance and Bybit will list CyberConnect (CYBER) and Sei (SEI) at 2023-08-15 12:00 (UTC). #toptraders

❌ Binance will delist SNM, SRM and YFII on 2023-08-22. #toptraders

MM played with them and that's it.
Hamsters have been shaved again.

📈 CYBER - $7 #toptraders
SEI - $0.2

CyberConnect gave as much as waited on the listing here.
SEI: 38% of subscribers gave a clear answer.

Watching, looking for good entries in 2 projects.

📈 BTC closed the week at $29,303. #BTC #week #toptraders

Volatility at historic lows.

▫️ We got a reaction in the resistance zone [$29,000 - $31,000] and continue to stay near it.
✅ Indicators unloaded.
▫️ Removed liquidity from the previous week's high.
▫️ Structure continues to remain upward.
▫️ Below $28,300 (0.5 local Fibonacci) is a zone of buyer interest.

▫️ Locally, one can continue to work in an upward direction as long as the structure is not broken.
▫️ We continue to clamp in a bearish wedge formation similar to the June 2022 - Jan 2023 bullish pattern.


Conclusions:
Given that the rise is occurring on minimal volume, it's possible that this is just taking out stops before a further plunge. As long as the price has not consolidated above the resistance zone, chances for a deep correction remain.
The areas of interest for a global correction are the areas coinciding with the Fibonacci levels ($23,000 - $24,000; $21,000 - $22,000; $18,000 - $20,000).

https://www.tradingview.com/x/TH3NXlkV/

⭐️We already have 10,000 subscribers on Binance feed. #toptraders #binance


🏆➡️ Be sure to subscribe

🇦🇷 ARGENTINA continues the fight for financial freedom. #toptraders

Remember our popular [March 2022] post about Argentines' experience with inflation and devaluation?

Back then the peso to dollar exchange rate was at 100, by the way just like the Ruble today 🔞

🚀 Today, the peso (USDARS) exchange rate is already at 350.

USDARS chart:
https://www.tradingview.com/x/ychOVRUu/


So what's up with Argentina today?

The 2023 presidential election is looming.
According to the preliminary results of the primaries, the "Argentine Trump", the right-wing ex-security minister and the current economy minister - a representative of the Peronist camp - will fight for victory in the October elections.

The economic situation remains dire - galloping 115% YoY inflation, with 40% below the poverty line.


🗿 What makes Javier Miley interesting for us?
He is the favorite in the race (32%), an ardent opponent of the financial system and a cryptoadept, generally intends to abolish the Central Bank (called it a SCAM on TV).

Javier says that 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 is a reaction against "rogue central bankers" and said that fiat currency allows politicians to cheat Argentines with inflation.

And he also considers Argentina a fiscal hell and favors rapid cuts in government spending to balance the budget.

Miley supports the Austrian school of economic thought and considers himself a "short-term minarchist," but "philosophically anarcho-capitalist."


🍿 In general, the whole world will wait for October and see what will come out of this new experience of the country's economy...

Will crypto save the economy?
We'll see, no one knows.
First major case in history, not counting El Salvador 🇸🇻

And what will the ruble/dollar exchange rate be in October)?

📉 Global correction has come. #toptraders

-10% BTC ETH
-20% alts

Waiting for $24,000 since June 15...
All summer long waiting for a major entries.

GM #toptraders

💰 Finally Bitcoin has finally shown something. We came out of the local flat for liquidity. On Binance, it didn't renew the loy, but on Bybit it went neatly a little lower. We expect another trip down for liquidity to the zone of interest around $24,000. It is highly undesirable to linger in the old range of $17,500-$25,300 for further growth.

🗒 On alts, too, another trip down for full setups and quality entries is desirable. For example, ARB and OP.

Сredit positions were removed last week. Powell is speaking at Jackson Hole this Friday, so it could still shake out. In other words, volatility is returning to the markets 🎢

So let's be responsible with our stops and follow risk management. Have a profitable week everyone! 🚀

❤ Binance will stop supporting BUSD in February 2024.

Even pairs of alts to BUSD have been illiquid for a while now and are slowly being delisted.


It's time to swap stables into TUSD.