Educational Post:

Relative strength index (RSI)

RSI is mostly used to help traders identify momentum, market conditions and warning signals for dangerous price movements. RSI is expressed as a figure between 0 and 100. An asset around the 70 level is often considered overbought, while an asset at or near 30 is often considered oversold.

An overbought signal suggests that short-term gains may be reaching a point of maturity and assets may be in for a price correction. In contrast, an oversold signal could mean that short-term declines are reaching maturity and assets may be in for a rally.

bitmart.tech

Long term holders are no longer underwater. This usually happens at the beginning of new bull rally.

cryptoindia.link

The TOTAL marketcap failed to go toward the $1.15-$1.17 Trillion resistance area. The TOTAL crypto market dumped hard and is now at the $940-$950 billion support level. Price need to hold this support area otherwise we see a heavy dump in the market.

bitmart.tech

📣MEXC New Futures M-Day To Launch Ferro (FER) Trading Round at 06:00, Feb 11 (UTC)

⏰Ticket-claim time: 06:00, Feb 11, 2023 - 06:00, Feb 12, 2023 (UTC)

👇🏻How to participate:
Users who trade the USDT-M futures on MEXC prior to the end of the ticket-claim time with minimum futures trading volumes of 10,000 USDT will be eligible for the lucky draw. The larger the trading volume, the more tickets the user can claim.

signup.asia/mexc

Binance Will Support the BinaryX (BNX) Token Swap and Redenomination Plan
https://www.binance.com/en/support/announcement/4d23ada51a2e4fa182835c77d51ba1a9

Correlations have stabilized at levels substantially below those seen throughout most of 2022, despite strongly correlated reactions during the FOMC press conference and NFP release

nammacrypto.com

Market is unstable. Open new positions accordingly.

Bank of America Is Preparing for Possible US Debt Default, Says CEO Brian Moynihan

”We have to be prepared for that, not only in this country but in other countries around the world … You hope it doesn’t happen, but hope is not a strategy — so you prepare for it.“

2022 saw a decline in revenue from the previous year for darknet markets and fraud shops. Total darknet market revenue for 2022 ended at $1.5 billion, down from $3.1 billion in 2021 — link

Around this time in the past (70% of the way through the halving cycle) has also concurrently been near the bottom for the respective price cycle as well. The current estimate for the third halving is April 2024 — link

CME’s BTC options contracts rose 214% in January to 8,452 contracts traded, reaching $851m. The largest number of options traded in over a year — link

CME’s ETH futures basis has grown in the last few weeks and now sits at similar levels to that of BTC — link

JUST IN PayPal held $291 million of Bitcoin and $250 million of Ether

#BitgetNewListing

🆕 #Bitget will list $BRISE/USDT trading pair on Feb 10th in #PublicChain Zone. @bitgertbrise

Participate Spot-A-Coin to share $25,000 worth of BRISE!

🎁 A total $100 #giveaway for 10 members! Just simply RT + TAG 3 friends.

Details:https://signup.asia/bg

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