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BlockFi Facing Insolvency
After the bankruptcy of FTX, BlockFi is also facing bankruptcy. Payouts were already stopped last week. The bankruptcy of crypto exchange FTX has sent shockwaves throughout the crypto industry and put many digital currencies under pressure. The industry is now concerned that other crypto exchanges could suffer the same fate. That includes crypto lending service…
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Ethereum Low Time Frame Analysis (Detailed)
Current Market Situation: Ethereum is currently in the final stages of a significant ABC correction that began after the March high. We are now within Wave C of this correction, and specifically within Wave 5 of the C wave. On a higher time frame, the corrective structure is nearing completion, but there is still room…
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Bitcoin Low Time Frame Analysis
Current Market Situation: Bitcoin has shifted into a bearish scenario, as the bullish outlook has been invalidated. Based on the Elliott Wave count, Bitcoin is currently in Sub-Wave 4 of Wave 3, which is a corrective phase within a larger downward trend. The corrective structure is developing into a three-part wave (A-B-C), with Wave C…
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Bitcoin Medium Time Frame Analysis
Current Market Condition: Wave Count Breakdown: Wave 3 Breakdown: Short-Term Expectations: Bearish Outlook: Key Levels to Watch: Conclusion: