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Cryptocurrency
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Lots of talk about XRP/Ripple and SEC judgement coming soon............ whats the forecast? Load up XRP? -
“Bitcoin is about to print a life cross
A incredibly bullish sign for the market in a macro sense is about to print. However the actual cross itself is almost always bearish in the near term.
Note: A life cross is a when the 50-day SMA (blue) crosses up the 200-day SMA AND price action is above the 200-day SMA .
Looking left at past life crosses as shown below.
What kind of move are we likely to see? Which year is most similar to the past crosses. Honestly? Not one. Have studied each in turn, there’s no idea fractal .
However there are some clues, will share them elsewhere.. “
https://www.tradingview.com/chart/BT...-a-life-cross/
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“Binance suspends sterling transfers following crypto crackdown
World's biggest exchange to suspend UK withdrawals amid increasing crypto scrutiny
British customers of the world's biggest cryptocurrency exchange face being unable to withdraw their money from the platform within months.
Binance has been forced to suspend withdrawals to British bank accounts following pressure from regulators on the cryptocurrency giant’s payment provider.
Paysafe said that the regulatory environment made it “too challenging” to process payments for the business and would shut it off in May.
Binance told customers this week that Paysafe would no longer handle card transactions and bank transfers in sterling from May 22. It has suspended the services for new users from Monday.
The move will effectively leave no way for customers in Britain to withdraw pounds from the platform to their bank accounts after that date, although it is understood that the companies are working on a way to keep some payments flowing.
Let ‘em eat tulip
https://www.telegraph.co.uk/technolo...to-crackdown0/
Last edited by AtW; 14 March 2023, 20:16.Leave a comment:
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"Binance auditor withdraws from working with crypto company
World’s largest cryptocurrency exchange, which has been hit by $6bn of withdrawals this week, seeks replacement for Mazars"
https://www.theguardian.com/business...rency-exchange
Even Mazars who were fine with Trump business would not handle this one...
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“Nationwide to restrict crypto payments after FTX chaos
Fresh crackdown follows wave of restrictions introduced by other major banks”
https://www.telegraph.co.uk/business...nts-ftx-chaos/Leave a comment:
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Originally posted by DealorNoDeal View PostThere's no telling how low it could end up going.Leave a comment:
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Originally posted by _V_ View Post
BTC is currently in uncharted territory. Throughout its history, it has only ever experienced benign market conditions. It has never encountered a severe economic downturn and equities bear market. There's no telling how low it could end up going.Leave a comment:
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