Tamil₿TC -தமிழ்பிடீசி
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CME gap created up to 35775. The only question now is which gap will be closed first. Latest or the one at 23795 🤔

React 👍 if you think 1st will be higher gap.
React 😱 if you think 1st will be dump to ~23.7k

@tamil_btc #BTC #Bitcoin #CME
📉 Daily Bitcoin chart review 📈

Stocks continue their free fall and Bitcoin follows. Still within week OB zone at 31780-34260. Nothing to do here but wait for capitulation that should generate enough volume for a bounce. At this moment volume on week chart is not sufficient. Check out May last year's May/June dump volume - we are waiting for something similar.

If BTC close week below 31.8k next will be 17-20k.

🟥 34300 - 35800 - 37600
🟩 33050 - 29200 - 25000

😱 F&G: 11 <= 18 <= 23 <= 22
💩 Alts: 6% < 5% < 5% < 5%

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Euro stablecoin volumes have spiked to all time highs in 2022.
Trying to better understand the Terra situation.

Terra Mcap = $4.6B

TerraUSD Mcap = $13.9B

Does this mean, even if entire Terra supply is used to buy TerraUSD

$13.9B - $4.6B = $9.3B no collateral?
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BREATHE.

RELAX.

$LUNA $UST
The entire Terra ecosystem is now at risk of collapse.

I am sorry if you have money in Terra right now.
$Luna price from 10$ to 100$ in 22 weeks.

$Luna price went from 100$ to below 10$ in just 2 weeks.
😢1
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