Scalptech: Crypto Signals by BTCMachine & Autobots

June 05th BTCMACHINE UPDATE by @SCALPTECH

#BTCUSD
DATE: FROM JUN 04TH
PRISTINE ENTRY : 105352
SHARED PRICE: 105097
DIRECTION: SHORT
STATUS: ACTIVE
TRAIL STOP: 106195 -> 105264
CURRENT PNL ON 10X: 1.3% ✅

#ETHUSD
DATE: FROM JUN 05TH
PRISTINE ENTRY : 2613
SHARED PRICE: 2600
DIRECTION: SHORT
STATUS: ACTIVE
TRAIL STOP: 2650
CURRENT PNL ON 10X: 0

#SOLUSD
DATE: FROM JUN 04TH
PRISTINE ENTRY : 156.0
SHARED PRICE: 157.9
DIRECTION: SHORT
STATUS: ACTIVE
TRAIL STOP: 160.9 -> 157.0
CURRENT PNL ON 10X: 38.7% ✅

June 04th BTCMACHINE UPDATE by @SCALPTECH

#BTCUSD
DATE: FROM JUN 04TH
PRISTINE ENTRY : 105352
SHARED PRICE: 105097
DIRECTION: SHORT
STATUS: ACTIVE
TRAIL STOP: 106195

#ETHUSD
DATE: FROM JUN 02ND
PRISTINE ENTRY : 2525
SHARED PRICE: 2626
DIRECTION: LONG
STATUS: OUTDATED, TP HIT
TRAIL STOP: 2591

#SOLUSD
DATE: FROM JUN 04TH
PRISTINE ENTRY : 156.0
SHARED PRICE: 157.9
DIRECTION: SHORT
STATUS: ACTIVE
TRAIL STOP: 160.9

👉 Don't waste time reading a bunch of irrelevant content. We select the top news in the Crypto World for you

June 7, 2022


🗞THE NEWS🗞

🟢 BULLISH - CNBC
US Senators introduced the first major bipartisan legislation aimed at taming the “Wild West” crypto market on Tuesday that would classify digital assets as commodities like wheat or oil and empower the Commodity Futures Trading Commission to rein in the nascent industry.


🟢 BULLISH - Bitcoin Archive @BTC_Archive
Bitcoin transactions under $200 will be tax-free under new US Senate bill, making it more practical as a currency.


🔴 BEARISH - BLOCK WORKS
Binance Under SEC Investigation Over its 2017 ICO Listing. The investigation comes amid a separate report by Reuters alleging Binance facilitated $2.35 billion in illicit funds between 2017 and 2020.


🟢 BULLISH - BLOCK WORKS
52% of well-to-do Asian investors held digital assets, — including cryptocurrencies, tokenized assets, and crypto funds. The study found digital assets make up 7% of these investors’ portfolios, making it the fifth-largest asset class in Asia.



📈 PRICE ANALYZES 📈

🔴 BEARISH - COINDESK
"The market dynamics this Tuesday morning are a reminder that the market cannot now rally again as it did in 2020," Alex Kuptsikevich, senior market analyst at FxPro, wrote in an email. "In our view, the bitcoin bear market is not over yet."


🔴 BEARISH - il Capo Of Crypto @CryptoCapo_
BTC Clean range. What is happening inside the range and what has happened at the range high, shows that this is clear redistribution range. Clean break of the range low = last leg down confirmed = 21k-23k [IMAGE]


⚪️ NEUTRAL - Plan©️ @TheRealPlanC
Bitcoin has cried wolf so many times over the last few months on these fake moves up, it is going to take one hell of a breakout to convince people at this point. A huge percentage of people will not believe the, "real" move when it actually comes.

👉 Don't waste time reading a bunch of irrelevant content. We select the top news in the Crypto World for you

24/05/2022


🗞THE NEWS🗞

🟢 BULLISH - THE BLOCK
After making bitcoin a legally recognized currency in April, the Central African Republic has published online plans for a “crypto hub.” The plans, dubbed Project Sango, include a “crypto island” and a digital wallet.


🟢 BULLISH - THE BLOCK
Exchange operator Coinbase has become the first crypto company to make the Fortune 500 cut — an annual list of America's largest corporations by revenue.


🔴 BEARISH - BLOCKWORKS
Madison Cawthorn of North Carolina will face allegations he was involved in a crypto pump and dump scheme.



📈 PRICE ANALYZES 📈

🔴 BEARISH - CNBC
“When you break below 30,000 [dollars] consistently, 8,000 [dollars] is the ultimate bottom, so I think we have a lot more room to the downside, especially with the Fed being restrictive,”Guggenheim Chief Investment Officer, Scott Minerd.


🟢 BULLISH - PlanB @100trillionUSD
Original 2019 $55K S2F model seems to fit better than later $100K update. Interestingly a refit based on 18m average S2F ratio and 3 yrs new data confirms the original model. The bad news: $100K was probably too high. The good news: model still points to $500K after 2024 halving.


🔴 BEARISH - il Capo Of Crypto @CryptoCapo_
Everything points to another 40-50% drop in altcoins over the next few days. That should be the last leg down and we could see a good recovery after that, for some weeks.


🔴 BEARISH - Rekt Capital @rektcapital
Historically, BTC tends to bottom at or below the 200-MA (orange) The 200-MA thus tends to offer opportunities with outsized ROI for BTC investors (green) Wicks below it are the point of peak opportunity So how much does BTC wick below the 200-MA? [image]

👉 Don't waste time reading a bunch of irrelevant content. We select the top news in the Crypto World for you

20/05/2022


🗞THE NEWS🗞


🔴 BEARISH - THE BLOCK
Do Kwon has amended his proposal to revive the Terra blockchain — in the middle of a vote on whether it should be implemented. It’s unusual for a proposal to be amended amid an on-chain vote. This is why today’s changes from Kwon have led some to question its validity.


🔴 BEARISH - NEWS.AU
“I like investing in things that have valuable output,” he said during an Ask Me Anything exchange on Reddit. “The value of companies is based on how they make great products. The value of crypto is just what some other person decides someone else will pay for it so not adding to society like other investments.” Bill Gates



📈 PRICE ANALYZES 📈

🟢 BULLISH - Michaël Poppe @CryptoMichNL
I think we'll be running towards $34-36K in the coming weeks for Bitcoin. That's going to be a run of 30-50% on altcoins.


🔴 BEARISH - COINDESK
Put/call ratio for bitcoin options reached yearly highs on Thursday. Activity on bitcoin (BTC) options suggests rising bearish sentiment among investors.


🔴 BEARISH - COINTELEGRAPH
“So here's hopium for bears. If $BTC crashed so hard due to the macro crisis and all Bitcoiner institutions go underwater, it could go $14k based on historical”, Ki Young Ju - CryptoQuant.


🔴 BEARISH - Rekt Capital @rektcapital
So since BTC has crashed -43% since November '21 prior to the Death Cross... BTC could retrace a bit more to reach an overall retracement of -43% post-Death Cross, should this historical tendency continue to repeat This would result in a ~$22,700


🟢 BULLISH - PlanB @100trillionUSD
Realized Price / Moving Average (RPMA, purple) shows the bitcoin cycle best. Relative Strength Index (RSI, yellow) is similar, but can be misleading at critical times (e.g. 2nd half 2021). The good news: bear market is almost over. Waiting for RPMA and RSI to start rising again. [IMAGE]

👉 Don't waste time reading a bunch of irrelevant content. We select the top news in the Crypto World for you

17/05/2022


🗞THE NEWS🗞

🟢 BULLISH - COINTELEGRAPH
El Salvador welcomed 44 central bankers from developing countries around the world to tackle financial inclusion and discuss Bitcoin at a three-day conference. “[The] vast majority have no idea of the potential of bitcoin. But with El Salvador adopting Bitcoin, they now have a reason to dive into it.”


🟢 BULLISH - CNBC
U.S. Rep. Ritchie Torres saw two fundraising events organized by crypto-heavy investors after writing an industry friendly op-ed. Over $30 million has been invested into campaigns by crypto executives since the start of the 2020 election cycle.


⚪️ NEUTRAL - CNBC
Luna Foundation Guard said it spent almost all of the bitcoin in its reserve last week in a futile attempt to save terraUSD.


⚪️ NEUTRAL - THE BLOCK
Terraform Labs CEO Do Kwon outlined a proposed fork for the Terra blockchain. The Terra community appears to be against the idea, favouring a token burn solution instead.



📈 PRICE ANALYZES 📈

🟢 BULLISH - Dollarcurrency21 @Dollarcurrency1
BTC 4h time frame - potential H&S pattern - probably we will test $35k-$36k


🔴 BEARISH - Rekt Capital @rektcapital
Historically, BTC tends to bottom at, around, or just below the 200-SMA (blue) BTC would need to drop at least an additional -25% from current prices to bottom at the 200-SMA.


🟢 BULLISH - BTCfuel @BTCfuel
USDC Dominance is getting rejected and is likely heading lower in the next weeks. This means money flows back into Bitcoin and altcoins which is very bullish


🟢 BULLISH - Michaël van de Poppe @CryptoMichNL
Looks like we keep on grinding, as Bitcoin and Altcoins are moving upwards. As long as $30K holds, continuation likely towards $32.8K. The Dollar also showing weakness, which benefits.