[ANN] EQONEX - First Nasdaq Listed Crypto Exchange - Active Promos!

[EQUOS]

With Bitcoin leaving exchanges and increased OTC activity, the outlook for BTC below 30K is suddenly becoming less and less likely.
Is this most recent bear run over?

https://learn.eqonex.com/news/daily-btc-analysis-173

[DavideBaldini]

I checked it out, and I don't like it, for these reasons:

• trading hours limited from morning to afternoon, from Monday to Friday
• lending fee for overnight positions
• 3x lending fee for overnight positions on Thursday
• the website's terminology is too explicit in luring crypto retailers, in my opinion
• usual personality cult campaign

Best of luck.

[EQUOS]

The stimulus response to Covid-19 and the influx of new Bitcoin owners during the last 18 months has changed the map. With prices north of 40K, it does make you wonder just how high we'll go once the next round of converts join the revolution.
 
Will next week be the one to take us back to 50K?

https://learn.eqonex.com/news/daily-btc-analysis-175

[EQUOS]

The miners are not selling - I recently remarked that once the miners start selling, it's probably a sure sign that the market can absorb the selling pressure.

Are they feeling bullish or are they seeing the lack of activity as a sign that maybe we are not quite out of the woods yet?

https://learn.eqonex.com/news/daily-btc-analysis-176

[url]https://i.imgur.com/WSW01Hb.png[img]

[EQUOS]

A 50% retrace of $64,900 to $29,600 high to low held today at $46,800, but with plenty of room to move to the upside.

Will the new range be between $40,000 to $50,000 or $50,000 to $60,000?

https://learn.eqonex.com/news/daily-btc-analysis-177

[EQUOS]

Retracements are healthy: The depth of this retracement is going to hint towards the market's ability to march back into the 50Ks.
Should 44K hold, then expect a test of 47K and 50K. A deeper dip to 40.9K will signal that the market is shaping up to form a new trading range, with 41K and 46K as the key levels.
How deep will we dip this week?
https://learn.eqonex.com/news/daily-btc-analysis-178

[EQUOS]

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💵You will receive $500 as part of our first-anniversary referral bonus
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[EQUOS]

The clock is ticking. Each week, our rewards reduce.

Join EQONEX today to receive $80 in EQO as part of our first-anniversary welcome bonus campaign.

[EQUOS]

The broader market has seen strong capital inflows, driving momentum in this mini run.

I say mini, because that's all it's proven to be, so far. However, should the bears fail to take the market below 44K, the bulls will have a clear run at 50K.
Will this week see the bulls take us above 50K?

https://learn.eqonex.com/news/daily-btc-analysis-179

[EQUOS]

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[EQUOS]

Given we are sitting just below the critical resistance level of 47.5K, another push higher could be all the market needs to create the momentum to take us back above 50K.

Will this week see us break out of the 44K-48K range?

https://learn.eqonex.com/news/daily-btc-analysis-180

[EQUOS]

I checked it out, and I don't like it, for these reasons:

• trading hours limited from morning to afternoon, from Monday to Friday
• lending fee for overnight positions
• 3x lending fee for overnight positions on Thursday
• the website's terminology is too explicit in luring crypto retailers, in my opinion
• usual personality cult campaign

Best of luck.

Thanks @DavideBaldini for your comments and we’re glad that you have tried our exchange. Please see below our responses to your comments:

-   The EQONEX exchange runs 24/7, just like the crypto market, and allows traders to trade anytime they want.
-   Re lending fee, are you referring to the Basis Payment in maintaining Perpetual Futures positions? They are part of our Perpetual Futures product and the payment fluctuates based on the difference between the perpetual contract market and the spot price. You can learn more about it on our Learn Hub: https://learn.eqonex.com/news/perpetuals-trading-series-what-basis-and-why-it-important
-   Our mission is to Bring Digital Assets to the World in a fair and compliant manner. We attract a wide range of retail, professional and institutional traders, who are interested in crypto and are looking for the right platform to trade with.

Feel free to reach out to us at help@eqonex.com if you have any further questions.

[EQUOS]

Inflows to derivative exchanges are outpacing inflows to spot exchanges. At the extremities of a range, this is often viewed as a good indication of a reversal, and we will continue to watch open interest and volumes.

https://learn.eqonex.com/news/daily-btc-analysis-181

[EQUOS]

The Greyscale premium is falling once again: With a negative reading of -16%, the largest negative spread since May.

Will we see it fall further?

https://learn.eqonex.com/news/daily-btc-analysis-182

[EQUOS]

This weekend’s trading session is now set up for a retest of 50K. I’ve mentioned previously that the first attempt will likely face increased resistance as longs become sellers.

Will this weekend see a 50K print?

https://learn.eqonex.com/news/daily-btc-analysis-183

[EQUOS]

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eqonex.com/eqotoken

[EQUOS]

EQO holders will receive EQO Dollars in a summer airdrop. Start fueling your trading by holding EQO into the airdrop. EQO dollars are a single utility token: acting as collateral to power leverage on your crypto portfolio.

Accumulate EQO today, so you can get your share of the airdrop: https://eqonex.com/trade/EQO_USDC/

[EQUOS]

Bitcoin miners are still sitting on their hands: It seems they won't be selling at 50K. We have been patiently waiting for the miners to draw down their BTC holdings.
I'm still happy to call such a move a sign of confidence in the market, until we hit 55K—then I'll relabel it greed.

https://learn.eqonex.com/news/daily-btc-analysis-184

[EQUOS]

There has been an increase in exchange balances, which is typically an early indication that the supply hitting the market will dampen price advances.

The question is, will this increase in exchange balances just prevent the market from breaking up through 50K or take us down through 47.5K?

https://learn.eqonex.com/news/daily-btc-analysis-186

[EQUOS]

Bitcoin fell over 3.5%, currently back at $48,000, but is still in a good place after weeks in 30K purgatory. Alts lost ground: NANO, THETA, and LINK fell 9%. AAVE, MATIC, and LUNA did slightly better with 8% losses.

Read more: https://learn.eqonex.com/news/august-25-daily-crypto-update-look-any-coin-and-its-probably-doing-worse-btc