Market Overview and Bitcoin Price Analysis Today (16/11)
BTC Technical Analysis
Looking at the H4 frame, the price has confirmed an upward reversal, this structure will continue to push the price to the $18,000 zone. This will be our short-term selling zone today.
Today's strategy will be Long/Buy at 16,800 and Short/Sell at 17,800 USD.
Market Overview
Decentralized exchange token prices are benefiting from the FTX crash. Observe open interest on futures contracts. FomoGroup realizes traders are making profit on these tokens and they are collecting more ALGO and AAVE
Trust Wallet's revenue increased 74% in the past week due to the benefit of FTX bankruptcy, large wallets with balances of 1,000 - 10 million TWT skyrocketed. Signs that the whale accumulation has strengthened.
dYdX is up 46% on the week thanks to the capital shift from CEX exchanges after the FTX crisis. Along with that, GMX increased by 8% and trading volume doubled to more than 1 billion USD.
Accordingly, Solana decreased by 51% compared to the previous week due to the influence of FTX, and Solana team confirmed to sell nearly 11% of total supply to Alameda Research and FTX.
Cronos plummeted $40 in a week after it was announced that Crypto.com mistakenly transferred $405 million to users. And investors also withdrew at least 45 million USD after this incident
Huobi fell 36% in 1 week as a wallet address linked to Huobi was found to have transferred 10,000 ETH to Binance and Okex wallets. Raises suspicions of manipulating users' funds.
ApeCoin also fell 35% in 1 week after Bored Apes Yacht Club reported that the fund of Bored Apes Yacht Club holds more than 18,000 ETH in Blockfolio acquired by FTX.
Looking at the H4 frame, the price has confirmed an upward reversal, this structure will continue to push the price to the $18,000 zone. This will be our short-term selling zone today.
Today's strategy will be Long/Buy at 16,800 and Short/Sell at 17,800 USD.
Market Overview
Decentralized exchange token prices are benefiting from the FTX crash. Observe open interest on futures contracts. FomoGroup realizes traders are making profit on these tokens and they are collecting more ALGO and AAVE
Trust Wallet's revenue increased 74% in the past week due to the benefit of FTX bankruptcy, large wallets with balances of 1,000 - 10 million TWT skyrocketed. Signs that the whale accumulation has strengthened.
dYdX is up 46% on the week thanks to the capital shift from CEX exchanges after the FTX crisis. Along with that, GMX increased by 8% and trading volume doubled to more than 1 billion USD.
Accordingly, Solana decreased by 51% compared to the previous week due to the influence of FTX, and Solana team confirmed to sell nearly 11% of total supply to Alameda Research and FTX.
Cronos plummeted $40 in a week after it was announced that Crypto.com mistakenly transferred $405 million to users. And investors also withdrew at least 45 million USD after this incident
Huobi fell 36% in 1 week as a wallet address linked to Huobi was found to have transferred 10,000 ETH to Binance and Okex wallets. Raises suspicions of manipulating users' funds.
ApeCoin also fell 35% in 1 week after Bored Apes Yacht Club reported that the fund of Bored Apes Yacht Club holds more than 18,000 ETH in Blockfolio acquired by FTX.