How I spotted the reversal on Luna In Real Time. In this video i break down how i spotted the reversal on LUNA as it reached its bottom.
We dont know if this will truly stay the bottom all we know now is many people including myself took this trade with some of us yielding as much as %20,000.
Pretty crazy I know. Don't worry there will be plenty more opportunities for this. PLEANTY do your research find products and projects you trust luna is at the moment not one. This was more of a gamble.
Following narratives like gaming nfts etc think deeper. Research the team, understand the entire block chain. Watch videos listen to podcasts. Educate yourself. This game can get more solidified and consistent for you if thats the route you choose many millionares will be made in the next 12-24 months.
Will be looking to short US30 next week. Will keep you posted upon confirmation.
XAU still looking bearish overall. I can see some retracment tomorrow evening back up for about 5-6 Points.
Terraluna
Luna: is there still a chance?First of all, I was saddened by what happened: a lot of people lost money and the savings of a lifetime.
So it is important that 'never put all the eggs in the same basket'.
This is a super complex area, and that involves above all, fear, greed, anger, complacency, ignorance...
That's why I leave my condolence here to my colleagues who lost everything.
I hope it all comes back.
I have particularly used the Blockchain of Terra Luna once in the past.
I also heard the opinion of several people, saying that blockchain is not scam.
She was simply the victim of a vulnerability, which was exploited at the worst possible time.
It would be like an earthquake, tsunami, hurricane and atomic bomb all at the same time.
Perhaps the only good news in this chaos is that perhaps the mistake will not be repeated anymore.
Our greatest learning is with our mistakes, not with our successes.
Speaking of graphical analysis, the game only ends when it's over.
There's no way the price is negative. Zero's already been hit.
At least we can still speculate.
If there is still buyer demand, no one else to sell, and inflation snares, theoretically the bleeding will end, and we will have a bullish reversal.
Here on the 15-minute chart, we can see absurd volatility.
A 7000% change from the fund to the current price.
In a matter of hours, a volatility of 100%, 200%, 300% or more.
Using a proper risk control and exposing yourself little, there may be a window of opportunity.
Risk asymmetry can be reversed: the maximum loss can be 100%, reaching zero, but the maximum profit can be infinite.
Terra Luna unwindMay 2021 #Terra #Luna melts to 0 as stablecoin #terra loses peg
done for documentation
$luna $terra
100$☑️ LUNA BUY ZONES - WAVE 5 TARGETSIn our last Luna analysis we predicted the rise up to $100 as our target using the first wave extension theory as the foundation of our ide as seen below
Today we will be talking about our buy zones inorder to be ready to ride the 5th wave.
As you can see from our fib retracement tool, We are currently trading above the 0.236 region drawn from the end of wave 2 to end of wave 3, however trading below support.
Next area of interest will be the next available support @$38 region, touted as our last line of defense for continuation in the case of volatility in our original analysis. 0.382 Region is now our last line of defense, I personally don't see it going below the 0.382 region as it aligns with the bottom of our rising wedge pattern which looks scary btw. You can try your luck with orders at the 0.5 region but i don't see that happening.
Take profit zone is at the $150-157 region, with our main target withing the Red Zone to complete wave 5.
If you agree, pls leave a like and share your thoughts in the comments.
Make sure to manage your risks.
Good times coming? Do kwon want get stable coin back to 1 usdThe investment of Luna is at this moment is the riskiest investment last time- but for those hodl since higher numbers, I think it's not smart to sell.
Will Do kwon make it true to get the stable coin back to 1 usd? if this happens, then we have a better hope for a new recovery for this coin.
Most important is that the team of Luna is still behind the project - and hope for those who did invest at higher numbers, that we will get soon a spike increase back into trend.
Also, futures of binance for this coin did turn off - this is good news - as more shorts can be get stopped.
Even if the price is 0,01 or 0,10 its still in a small range, and this project should at last show again the 1 USD + to get into a new uptrend.
Also, binance or other big companies can support luna - this could add in massive new buys.
With the volume we have seen before 1 USD price action could be done in a short time if there is really good interesting news.
To know more about crashes as this check projects or stocks that was 0, and did increase more than it was.
An example is an OIL with corona time. it was going below 0, then all-time high - i am not saying this will happen with Luna, but there is a good chance for recovery,
Most of the time market enters into panic time - then small step-by-step recovery, when the project has a good long-term goal - and i find that Luna has a good solid goal.
When real volumes enter,it will be not about low cents change.
Most of these are possible scenarios, most important is trade with plan and risk management.
The Death of (Terra) a StablecoinAn algorithmic stablecoin sounds complicated, but that doesn't have to be.
That's how Terra envisioned its algorithmic stablecoin and why it inevitably crashed.
Here's how stablecoin Terra & Luna work:
1. In 2018, Terra network was created with two native tokens. Let's call them Terra (UST) and Luna (LUNA), of which the reasons will become apparent later on.
2. Terra is the stablecoin of the two and Luna has a variable price. These tokens are nothing more than numbers and a protocol on the blockchain.
3. For the ecosystem to work, we need to find people who want to buy these tokens, we do marketing.
4. Luna's price can vary, and is determined by the good old concept of supply and demand. Luna's price will be right in the middle.
5. If people find Luna fantastic, the demand for Luna goes up and so the price goes up, or at least not to zero.
6. Now here come's the tricky part: the blockchain promises that people can always exchange One Terra for $1 worth of Luna.
That means if Luna is trading at $0.5 you get 2 Luna for One Terra. When Luna is trading at $4 you get 0.25 Luna for One Terra.
If Luna trades at $10 you get 0.1 Luna and so on. The price of Luna can vary, but One Terra can always be exchanged for $1 worth of Luna.
The reverse is also true and possible, people can always exchange $1 worth of Luna for One Terra.
7. Now we make an automated smart contract to make this exchange possible. Et Voila, stablecoin Terra is created.
8. Terra should always be worth $1. So terra should always trade at $1. If Terra trades above $1, arbitrage traders will buy Luna and then sell Luna for Terra for instant profit.
If Terra trades below $1, arbitrage traders will buy discounted Terra and exchange it for Luna for instant profit. Arbitrage traders will push the price of Terra back to $1 if it deviates.
9. Luna's price can fluctuate but that doesn't matter. As long as Luna is not zero, you can exchange Terra for $1 worth of Luna and Luna for around $1 of Terra.
Now we need to make sure Luna doesn't go to zero, since that would turn out very bad. So we need to give fundamental value to Luna, these are the ways to do this:
- Collect transaction fees from people who exchange Luna for Terra & Terra for Luna and distribute (a part of) these fees to Luna holders as interest.
- Create an ecosystem of smart contracts and applications on top of Luna and terra in which Luna is treated as the native currency to use this ecosystem. And ascribe a lot of value to it.
This reinforces each other pretty well.
The more fees you collect and distribute to Luna holders, the more viable your ecosystem gets. The more applications are being being built, the more Luna is being bought to interact in the ecosytem & the more fees are collected.
But besides this, there's no algorithm explicitly saying that Luna always has a particular amount of value. The algorithm just lets people exchange Terra for Luna. Luna is only valuable if people think it’s valuable and believe in the long-term value of the system that you are building.
The danger arises when people suddenly turn their back on Luna and think "Wait, it's all useless and it isn't real." and all sell their Luna tokens for Terra, which should always be equivalent to $1.
If people sell their Luna, the price of Luna goes down.
If people sell their Terra, you might think "the price of Terra can't go down because of the algorithm!". So if Terra drops to $0.97, arbitrage traders would buy it and exchange it to $1 worth of Luna for instant profit.
Well. The problem is that when people lose trust in the whole system, they will dump both Luna and Terra. It looks like this:
- Someone sells their Terra, and Terra drops to $.97
- An arbitrage trader buys 10 discounted Terra and exchanges it for Luna. Luna trades at $40 so the trader gets 0.25 Luna. (because exchange of Luna is at $1 par.)
- Then the arbitrage trader sells their Luna, which drops the price of Luna to $20.
- A second person sells their Terra, and Terra drops to $0.97.
- An arbitrage traders buys 10 discounted Terra and exchanges it for Luna. Luna trades at $20 and the traders gets 0.5 Luna.
- Which the arbitrage traders sells again, making the price of Luna drop even further.
- Now Luna is worth $10, so 10 Terra gets you 1 Luna, which then gets sold, so Luna goes to $5, so 10 Terra gets you 2 Luna, etc.
There's no stopping this process, it's a death spiral going down fast. Eventually Luna trades at $.01 and 10 Terra gives you 1000 Luna. And when you try to sell your Luna, you can't, because there are no buyers left and there are no arbitrage traders left who buy discounted Terra to exchange for Luna.
The founders are actively searching for a solution, one is looking for capital of investors and the other is to mint way more Luna, so that One Terra can reliably be exchanged for $1 worth in Luna. Even if that means bazillions of Luna.
Thanks for taking the time to read this idea. Stay safe out there. Support by following and sharing!
⚠️ LUNA - Going to Zero???? ⚠️❌ Luna Token supply was limited to 360 Million till two days ago. Since the de-pegging of UST and the organized scam conducted by Luna whales, the supply is increasing exponentially. Right now, it's 4.6 billion Luna Tokens, and it's just not stopping.
Then the team sells these tokens in stable coins to maintain enough reserves for the pegging of UST. However, that results in mass selling, and the price of luna is almost zero.
This selling won't stop until UST pegs, and after it's over, Luna whales will start pumping it up. The whole of other Luna Traders would have been rugged.
After they pump it back up above two digits, they might start burning additional tokens.
❌ LUNA Supply increased 360M to 7B!! What a scam by the LUNA Team!!
Let me know your opinion in the comments; I want to know yours.
Will TerraLuna be resetted?It is really sad that $LUNA got dumped so hard. TerraLuna got direct relation with TerraUSD (UST).
Why did $UST, which is supposed to be a stable coin, also crash? $UST is unique when compared to others. $USDT, $DAO, and the like are backed up by fiat. So the value follows the $USD. The $UST has a different way of keeping the value of the UST at 1 USD.
TerraUSD is a decentralized stablecoin running on $ETH that attempts to maintain a value of US$1 Unlike centralized stablecoins, $UST isn't backed by USD in a bank account. Instead, in order to mint 1 TerraUSD, US$1.00 worth of TerraUSD's reserve asset ( $LUNA ) must be burned.
The conclussion is UST is not stable coin. $UST is a so-called algorithmic stablecoin. It works with $LUNA to maintain a price of $1 using a set of on-chain mint and burn mechanics.
I personally really love the value of the concept of TerraUSD. However, it is crazy at the same time to backup stable coin with something not really stable.
Finally, TerraUSD (UST) as well as TerraLuna (LUNA) lost the trust.
In the charts I put the price of Luna on the left, and the Capitalization of Luna on the right. I set the line of the lowest beginning capitalization. It was 291M, and sadly, now the capitalization hit 50M.
TerraLuna has totally lost the trust. Eventhough there will be people buy it again, I don't think that the price will recover in short.
Only Some Will Survive !!!History repeating itself as bitcoin is clearly resembling the patterns from the 2008 dot com bubble. I personally believe that the total crypto market cap will come down to the 500-600 billion range and many Alts will get absolutely reckt!!!
Not a financial advise, not a financial advisor either :))
TERRA LUNA - END OF A COIN? DESIGNED TO BE DOOMED!Interval: 4hrs
Description: Terra LUNA looks like closing on $0.00. Devastating blow to UST and TERRA Community. DEsigned to be doomed!
lunausdt - UST more quickly.Yellen Cites UST Breakdown While Calling for Stablecoin Rules
Treasury Secretary Janet Yellen said the de-pegging of TerraUSD shows the urgency to have a regulatory framework on stablecoins, which aim to minimize the volatile price swings seen in most cryptocurrencies.
“A stablecoin known as TerraUSD experienced a run and had declined in value,” Yellen said during testimony before the Senate Banking, Housing and Urban Affairs Committee on Tuesday. “I think that simply illustrates that this is a rapidly growing product and that there are risks to financial stability and we need a framework that’s appropriate.”
Can Luna Rise in this Winter?Price of Luna drops pretty heavily today.
4.08 area was very important support.
This is hourly chart and you can see price touched it twice before broke out below with huge volume!
After the breakout of 4.08, price dropped 66 cent losing %80 of its value in just 3 hours!
This move is insanely speculative even for crypto markets!
It is obvious something other than technical analysis caused this!
But in pure technical analysis sense, if Luna is to rise 4.08 resistance is important.
We got rejected 4.08 area twice in 2 hours today.
Short and long term important resistance zones for Luna
4.08
8.79
If price can breakout above these areas we can says bulls are winning.
But there are some fundamental problems with Luna that Terra Project should solve first!
Follow for more charts and ideas.
Thanks.
🌕LUNA: what happened to LUNA and UST? Simple explanation!🌒Hi friends! There is a lot of news coming right now about Luna and the UST (stablecoin 1 UST=1 USD), which momentarily lost its peg to the dollar and lost 39% of its capitalization. The total capitalization of $18.2 billion became $11.1 billion. Now UST after a panic sell-off is returning to a 0,9:1 peg, but is a drop possible in the future? What was the cause and what are the possible scenarios for Luna and UST?
🌓The UST stack itself is an algostable and has a $1 price peg mechanism due to the LUNA selling mechanism. There was panic in the market, and as a consequence of the panicked outflow of funds from LUNA, the algorithm was disrupted as the outflow exceeded the inflow of LUNA providing the peg.
🌖Technical Analysis (TA). ✅Global Scenario. I have noted important support zones that can be identified with horizonal volumes:
1. $14,56-18,2
2. $5,20-7,45
🔥These are global support zones where there is enough liquidity for a big player to open long positions. 🔥The fuel for this drop was the traders who accumulated the moon in the area I noted on the chart. Panic selling knocked the altcoin down by 80% from it`s ATH. Short traders could be the fuel for growth. That is how it works.
✅Local Scenario. The local scenario with trendline breakout. The trendline breakout strategy helps me to identify best entry point, so friends if you want to know how to use it, leave a coment and i`ll try to make an educational idea with simple explanation for you.
🚩Let's not forget that Luna has an $18 billion supply and ranks 3rd among companies in accumulated Bitcoin. Biggest disclosed Bitcoin treasuries:
1. MicroStrategy - 125,051 BTC
2. Tesla - 43,200 BTC
3. Terra - 30,727 BTC
🌕Therefore, it is too early to predict a crash of this altcoin, although you can see how many holders got scared and started to sell off the crypto.
Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
TERUSD: The Anatomy of a Crash!!!!TERUSD
Intraday - We look to Sell at 31.98 (stop at 44.80)
The primary trend remains bearish. Price action continued the aggressive move lower and looks set for follow through selling today. We can see no technical reason for a change of trend. Further downside is expected.
Our profit targets will be 1.30 and 0.00 -This is technically a market crash!
Resistance: 10.00 / 20.00 / 30.00
Support: 0.00 / -20.00 / -40.00
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LUNA $100 TARGETJust like the previous SUSHI post, LUNA is on course for a First Wave Extension impulse wave
Target is $97-$121 to complete the third wave, after which a slight retracement to the $54 levels ($38 if volatility is high)
and back up to $150 to complete wave 5.
Expect price to return back to Wave 2 correction in the case of a bear market.
The above statement could result in a larger Wave Degree being formed.
$UST -- one for the history booksThey call em 'stablecoins' for a reason son.
So i went to publish this and it said quote "Gosh that is a short description"....
Here is a better description...
Red bar down
AT CruptoScan: Luna-tic prices at Std Dev -4Some very intriguing issues in Terra Luna, and technically, it is breaching the Weekly StdDev -4 levels of the Bollinger Bands , which also happens to be near a support zone .
Extremely volatile situation, but do the math, you'd get what I mean about the standard deviations...
All the best!