Edfx

10/11/2022

Thursday trading insight
As investors keep a close eye on the outcome of the US Midterm Elections, the market mood turns cautious in the early trading hours of the European session on Wednesday. The US Dollar Index recovers modestly while holding below 110.00 following Tuesday's sharp decline and US stock index futures trade in negative territory. September Wholesale Inventories will be the only data featured in the US economic docket and it's not expected to trigger a noticeable reaction ahead of Thursday's key inflation report. The impact of the US Midterm Elections could impact the risk sentiment and drive the currencies' action in the second half of the day.

According to The Associated Press, Republicans currently have 47 seats and Democrats have 46 seats in the Senate. The party with 51 seats, in the end, will have control of the Senate. On the other hand, Democrats have lost 3 House seats and currently have 159, against 190 seats by Republicans. 218 seats are needed to gain the majority in the House

10/11/2022

🔴Bitcoin was down to $15,600 last night before rebounding slightly. Ether was below $1,100, SOL was momentarily trading at $12.5.

📉 Leaders of the fall among the top 100 over the last 24 hours: FTT (-43%), SOL (-28%), CRV (-18%).
📈 While the whole market is falling, LUNC added 9% in price, MKR - 7%.

Daily liquidations amount to almost $700 million. 360,000 traders were liquidated.

10/11/2022

👀Rumors of FTX insolvency are growing.

It got to the point where Sam had to personally reassure everyone. He says:

⏺ The assets are fine;
⏺ FTX has enough resources to handle the withdrawals;
⏺ FTX does not even invest client assets in treasuries;
⏺ Withdrawal delays are due to the slowness of some blockchains and banks;
⏺ FTX has over $1 billion in cash reserves.
⏺ Sam wants to work together with CZ to develop the cryptoecosystem.

09/11/2022

dumped by 66.50% after 2014 Mid-term elections📉

dumped by 51.14% after 2018 Mid-term election📉

If history repeats itself, then look for a hard decline as mid-term elections coming🫡

05/11/2022

➡️Sentiment: After the FOMC rate hike of 75 bps, cryptocurrency prices fell hard along with stock prices.

We will probably continue to see strong swings in both directions during the week and it is advisable to avoid emotionally charged trades after polar events

05/11/2022

✅Situation on the crypto market is neutral. Assets from top-10 are trading at yesterday's levels (except DOGE), while assets from top-100 show diverse dynamics.

🟢Growth leaders: LRC (+24%), OKB (+22%), FTM (+19%).
🟠Down leaders: AR (-14%), DOGE (-11%), XCN (-8%).

05/11/2022

is better than gold.
is better than stocks.
is better than real estate.
is better than fiat

Send a message to learn more

03/11/2022

🥇BTC is growing faster than any financial company or bank in history

03/11/2022

/usd local review

Imo it's simple here

We need to break the dashed resistance for the bull case📈

Bearish case if support zone gets lost📉

03/11/2022

👀🔵 Elon Musk declined FTX CEO offer to invest +$10 billion in Twitter takeover.

FTX CEO wanted to bring over $10 Billion contribution to Twitter takeover with the condition of bringing blockchain to Twitter but Elon Musk declined it saying "Twitter blockchain" isn't possible and he has no time to debate it.

👉🏻 Well, Elon is the boss of Twitter now regardless❗️

02/11/2022

📝The dounder of ether gave his arguments why cryptocurrencies are better than gold

Here are his talking points:

- You can easily pay with cryptocurrency, but conducting a transaction with gold is extremely difficult.
- Gold does not support secure storage options such as multi-signature.
- Cryptocurrencies are more common than gold.

02/11/2022

/usd

Another pump will start once we cross above 21000$ s/r zone👀