MYC Signals

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Recent updates by MYC Signals:

👉TIP OF THE DAY👈
“The way I would think about risk aversion is most people would not want to toss a coin for their entire net worth.”
― Seth Klarman
#RiskManagement

⭐️ Altcoin Update: WAVE Analysis ⭐️
Looks like WAVE is on the brink of another bear run. So far this month, it’s down about 58%, but for the past 12 days, it has been trading in the tight 5.49 – 8.51 range. It has formed a death cross in the daily chart; and in the 4-hour chart, it’s struggling to breach above the 50-MA.
In the short term, a drop below 5.4 could see the bears push WAVE below its 5-month support all the way to 4. But if it manages to pull back above the 50-MA, the short-term recovery could reach 8.
These are our targets
R1 6.25
R2 7.05
R3 8.0
S1 5.4
S2 4.65
S3 4.0
https://www.tradingview.com/x/YQQH3HHW/

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CRYPTO WEEKLY MARKET UPDATE
👀
💎Bitcoin targets record 8th weekly red candle while BTC price limits weekend losses
💎3K+ Bit Digital hosting partner's crypto miners go offline after explosion and fire
New York-headquartered crypto mining firm Bit Digital reported two of its hosting partners ceased operations to more than 4,800 rigs following power disruptions at different facilities.
💎20% drop in the S&P 500 puts stocks in a bear market, Bitcoin and altcoins follow
Whoever coined the phrase “sell in May and go away” had brilliant insight, and the performance of crypto and stock markets over the past three weeks has shown that the expression still rings true.
💎FCA will ‘absolutely’ consider recent stablecoin depegging when drafting crypto rules: Report
Sarah Pritchard, the executive director of markets at the United Kingdom’s Financial Conduct Authority, or FCA, reportedly said that the regulator will look at the recent volatility in the crypto markets when creating rules for the space in 2022.
💎Cyprus Outlines Crypto Regulations, Welcomes Careful Use
Cyprus government officials have presented a draft of a cryptocurrency bill in the capital Nicosia. Simultaneously, the EU is working on a mutual legal framework for all of its territory. Interestingly enough, Cyprus scored high in the European Innovation Scoreboard, only coming second to Stockholm, Sweden.

KuCoin, Bittrex, FTX, Binance, Huobi.pro
#BTC/USDT Take-Profit target 1 ✅
Profit: 3.3898% 📈
Period: 1 Hours 37 Minutes ⏰

FTX, Bittrex, Huobi.pro, Binance, KuCoin
#BTC/USDT Take-Profit target 1 ✅
Profit: 2.6936% 📈
Period: 3 Hours 11 Minutes ⏰

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