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December 16 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin is down 1.73% over the last 24 hours and fell to an intraday low of $17,275.51. Bitcoin is trending downwards after reaching a one-month high of $18,387 around the latest macroeconomic data and policy update from the United States, suggesting investors are worried about the future outlook of the U.S. economy. The relative strength index (RSI) is near the midpoint, indicating a balance between supply and demand. If the BTC/USDT pair drops below the 20-day EMA ($17,215), it could fall into the $16,500 - $17,000 zone again. Today’s Cryptocurrency Headline Ren DAO to Vote on Plan to Mint New Funding Tokens The Ren community, which oversees a DeFi protocol that issues wrapped crypto assets, is considering the minting of new tokens to raise capital after the collapse of Alameda Research left the project without access to its funds. The proposal proposes four options for minting amounts, including 50 million, 100 million, 150 million or 200 million REN tokens, and a fifth option to reject the entire plan. At the current token price, Ren could raise from $4 million and $17 million. As previously reported, Ren stated that due to the bankruptcy of Alameda Research, the funds provided to the Ren development team will only last until the fourth quarter. Ren is negotiating with investors to continue to promote development and plans to launch Ren 2.0 earlier than expected. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
1
BTC - Trend-Following Setup! 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart), BTC rejected the the 18k resistance and upper red trendline of the channel. Now What? We are still overall bullish trading inside the rising channel, and we currently entered a correction movement. As BTC approaches the lower bound / lower red trendline, we will be looking for buy setups. And this lower trendline also intersects with the previous highs marked in gray which makes the zone stronger. As per my trading style: As Bitcoin approaches the lower purple circle zone, I will be looking for bullish reversal setups on lower timeframes (like a double bottom pattern, trendline break , and so on...) We would be overall bullish, UNLESS we break below the orange zone, in this case a movement till the lower bound of the range (around 15500) would be expected. Which scenario do you think is more probable and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
26
December 15 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart The U.S. Federal Reserve raised interest rates by half a percentage point on Wednesday and projected at least an additional 0.75 percent of increases in borrowing costs by the end of 2023. Bitcoin is down 0.39% over the last 24 hours and fell to an intraday low of $17,565.00. The largest cryptocurrency rose above the $18,000 price level today, but the bulls are not able to hold the price above it, suggesting the sellers remain active at a higher level and investors are worried about the future outlook of the U.S. economy. If the BTC/USDT pair remains above the 20-day MA, the bulls will attempt to push the price above the $18,000 price level. Today’s Cryptocurrency Headline PayPal Partners With MetaMask to Offer Easy Way to Buy Crypto According to a press release, PayPal will integrate its buy, sell and hold crypto services with MetaMask Wallet. Users will be able to choose to use their PayPal account to purchase Ethereum (ETH) within the MetaMask app while simplifying the process of transferring ETH from PayPal to MetaMask. Select U.S. customers can access the new offering beginning today as PayPal works to roll out the service to the rest of its U.S. customers over the next few weeks. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
2
1EARTH PATTERN BREAKOUT!BULLISH PATTERN CONFIRMED (IN MY OPINION) I see the psychology of market cycle having restarted and that means a drastic increase with the fools rally subsequent fall and buy time! Look of the psychology of market cycle and the similarity it has to the current chart. I see this passing one cent before Christmas so buy and hold is my game plan. This is my idea and my opinion not financial advise! Remember #DYOR and you have to sell to make profit and the reverse is true. #1earth breakout is here in my findings. Happy Holidays!
1Long
by Cryptonightowl
2
December 14 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to the U.S. Bureau of Labor Statistics, U.S. inflation rose 7.1% versus the expectations of 7.3%. Core inflation, which excludes more volatile food and fuel costs, increased 6% versus expectations of 6.2%. Bitcoin is up 3.7% over the last 24 hours and rose to an intraday high of $18,000.00. The largest cryptocurrency hit new one-month highs on Dec. 13 as markets responded to U.S. inflation data with optimism. The relative strength index (RSI) is above 50, suggesting the bulls are dominating the market. If the outcome of the FOMC meeting is better-than-expected, the BTC/USDT pair could rise to the 50-day MA ($18,711). Today’s Cryptocurrency Headline Judge Approves Galaxy Digital's Deal to Acquire GK8 Judge Martin Glenn has approved the sale of cryptocurrency self-custody platform GK8 to Galaxy Digital, according to a court order issued on Tuesday. Terms of the deal were not disclosed, but Galaxy spokesman Michael Wursthorn said earlier that the price was materially less than what Celsius paid for it a year ago. About 40 people will join Galaxy's team, including blockchain engineers and cryptographers. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
#btcstarburst Bull Market?If we are at a bottom… and assuming FUD doesn’t creep int to intentionally suppress the market because it does, it always does… The fact is Bitcoin is tied globally to all trading markets so crypto feels the pain when when the S&P hurts… Alright back to it, the green trading above BTC is extremely Bullish… In the middle FUD must be in the air ( pullbacks are happening and stuff, taking profits…) Below the orange Bear market crap show… world trying to get it together great time to Dca into smart Projects not just Crypto… If the halving event timeline proves true we are on course for a macro cup and handle..: This is just a Gann study (3 years now) lines are support and resistance… I don’t really trade I do research… projects of interest. Ones that will change the world…
BITSTAMP:BTCUSD
by Jonnycatx
Crypto collective intelligence platform to price illiquid assetsWhile the valuation of tokens on-chain and on DEX/CEX exchanges is easily achieved through a traditional order book or various AMMs, there are still massive problems valuing NFTs, pre-IDOs/IPOs, secondary tokens and other illiquid assets. The problem goes so far that even in traditional finance, valuing illiquid assets is usually costly, subjective and involves a lot of work. Lithium addresses the issue of unavailable pricing information of illiquid assets by bringing in accurate pricing through collective intelligence and tokenomics. Lithium is applicable to both digital and real world assets, all Price Seekers have to do is to submit their enquiry attached with a bounty offer to receive genuine pricing information from Price Experts who in turn, are incentivized by our platform’s tokenomics. Dates to remember: Testnet product release (Matic): Target Launch Jun 30th, 2022 Mainnet Beta product release (Matic): Target Launch Sep 30th, 2022 Investors: Almaeda research, Pantera, FBG, Petrock, and much more known VCs. About 25% of the tokens are already in circulation, the remaining 75% will be elicited over the next 4 years, including staking rewards as an incentive for participation in pricing.. We are currently (to this date) 50% below the seed price (0.003$). Potential: The idea and potential to fill a gap in the market that both DeFi and the traditional world are truly unique. The core team has specific knowledge and experience for this project. It is also that the team, with its very many known investors, has a very large network, with extensive ressourecn and enough capital to make ends meet over the next few years. As we are currently below the seed price, the risk/reward ratio here is more than good. It's quite unusual to get into a promising project below seed price of known brands such as Pantera. Short-term: TP: 0,003, 0,0045, 0,006, 0,01, Mid-term: 0,03, 0,06 , 0,1 Long-term 0,15 , 0,20, 0,50 This is not a recommendation to buy or sell or trade $LITH tokens. Do always your own research and never invest more than you can afford to lose. This is not an investment advise.
by Lobotto
1
ETH 2.0 : What Upgrades Are Next After the Merge?Hello guys thanks god for being live to create another post for you dears Today i will explaine what happen after Ethereum merge upgrade? and im going to summarize about each step. Ethereum Merged successfully on Sept15 but more upgrades are coming to the network. Shanghai update , The Surge, the Verge, the Purge, and Splurge are up next. Lets see what we have: Shanghai update Over the next six months the next important update to the Ethereum network is going to be the Shangai upgrade. This particular update will allow validators (the ETH owners who help secure the blockchain) to withdraw a portion of their staked ether and rewards. There are 14.7 million tokens locked on Ethereum’s Beacon Chain, in return for a 4.1% annual yield, according to the Ethereum Foundation website. Altogether, those tokens are currently worth $19.12 billion. Stakers are responsible for confirming and verifying transactions on the blockchain.Each validator is required to stake a minimum of 32 ETH. Shanghai will also seek to lower transaction costs on layer 2 (L2), a separate blockchain such as Optimism or Arbitrum, that helps Ethereum to scale, by reducing data costs on the main blockchain itself. The Surge While the Merge’s number one goal was to reduce Ethereum’s energy usage (which it did by up to 99.5%) the Surge, the next significant upgrade, is expected to bring a new feature called “sharding” in 2023. “Sharding splits a blockchain’s entire network into smaller partitions, known as ‘shards'”, said crypto analyst Miles Deutscher. “This will significantly increase the network’s scalability.” According to the Ethereum Foundation, “sharding” will boost network capacity, cut costs and improve transaction speeds. It “provides secure distribution of data storage requirements, enabling rollups to be even cheaper, and making nodes easier to operate,” it said. The Verge The Verge is an upgrade that is expected to drastically reduce Ethereum`s reliance on nodes as a store of history and data. It will introduce so-called “verkle trees“, “a powerful upgrade to Merkle proofs that allow for much smaller proof sizes,” Deutscher says. “This will optimise storage on Ethereum and help reduce node size. Ultimately, this assists Ethereum in becoming more scalable,” he added. Verkle trees will allow users to become network validators without having to store huge amounts of data on their computers, analysts say. Crypto security platform Nethermind said “verkle trees” are Bitcoin-inspired systems that will decrease the size of “witnesses by a factor of over 20, allowing for stateless clients that safely interact with the network.” According to Vitalik Buterin, the verge will be “great for decentralization,” he said at the Paris conference. The Purge The Purge is expected to significantly reduce the amount of space required to store ETH on a hard drive. This upgrade will eliminate the use of nodes in storing Ethereum history, freeing up space, a constant headache for developers. “The purge: trying to actually cut down the amount of space you have to have on your hard drive, trying to simplify the Ethereum protocol over time and not requiring nodes to store history,” said Buterin. Crypto education platform District 0x explained that “nodes are responsible for verifying the miners’ work and ensuring that consensus rules are followed.” The best way to do this is to keep a full copy of the Ethereum ledger, making it easy to verify a miner’s work. “But the Ethereum blockchain is approaching one terabyte of storage so it’s impractical for a regular person to run a node,” it stated. The Splurge The final scheduled upgrade is the Splurge. This carries what is described as miscellaneous but important extras, “ensuring the network runs smoothly following the previous four upgrades.” “The design of Ethereum post-Merge is billed to be handlings loads of data which generally calls for improved security across the board,” Eitan Lavi, the ChainPort cofounder, told Be In Crypto. “Through the evolution of Merkle and Verkle trees as well as another innovative tech that will be introduced with subsequent upgrades, the protocol will be able to support the anticipated data load.” So wait for more upgrades and ETH will be awsome after this steps... Thank you for reading this article. Share me your idea about Ethereum future in comments. REFRENCES www.fortune.com www.ethereum.org www.blocknative.com www.forbes.com www.blockonomi.com
CRYPTOCAP:ETHEducation
by TraderAmin-KZ
2
SOL - 10 or 20 - Which One First?Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. SOL has been stuck inside a range between 13 and 15 For the bulls to take over , we need a break above 15.0 For the bears to take over, we need a break below 13.0 PS: By Break, I mean a momentum H4 candle close. Meanwhile, until the bulls or bears take over, we will be trading the range on lower timeframes. Which scenario do you think is more likely to happen? and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
16
BTC - Bullish Then Bearish? 🔎Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last BTC analysis, we know that BTC has been overall bullish for the last 2 weeks trading inside the red channel. We would be bullish (short-term) as long as we are trading inside the rising red channel. For the bulls to take over and start the next bullish impulse upward, we need a break above the gray zone. As BTC trades higher, the 18k zone is a strong resistance as it is also intersecting with the upper red trendline which acts as a non-horizontal resistance. So I will be expecting a rejecting there. As per my trading style, I will be zooming in to lower timeframes and looking for any bearish reversal setup to confirm it. For now, we would be bullish, unless we break below the orange zone, in this case a movement till the lower bound of the range (around 15500) would be expected. Which scenario do you think is more probable and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
42
HOW BLOCKCHAIN WORKS - EASY POEMBlockchain, oh so grand, A digital ledger in demand, Decentralized and secure, like a band A new way to assure and keep the bond. Transactions are fair, And free from despair, A chain of blocks, Connecting folks, All across the land, Blockchain, oh so grand. This poem describes blockchain as a decentralized, secure digital ledger that is used to manage transactions. It explains that the technology uses a chain of blocks to connect people and ensure that transactions are fair and transparent.
Education
by Timonrosso
Bitcoin (BTC/USD) Daily Chart Analysis For Week of Dec 9, 2022Technical Analysis and Outlook: Bitcoin is continuously (Very slowly) advancing toward our leading destination of the Mean Res $17,600 and subsequently to the Outer Coin Rally of $19,100: However, the pullback to Mean Sup $16,700 is very much likely before further upward advancement. The retest of the Key Sup $15,850 is low at this time, pending the above scenario being played out. Of course, the question is always “Which way will this puppy break from the current position?”
BITSTAMP:BTCUSD
by TradeSelecter
BTC - Critical Period / Area! ⏰Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. BTC has been overall bullish for the last 2 weeks trading inside the red channel. We would be bullish (short-term) as long as we are trading inside the channel. However, the 18k is a strong resistance zone as it is intersecting with the upper red trendline which acts as a non-horizontal resistance. So I will be expecting a rejecting there. As per my trading style, I will be zooming in to lower timeframes and looking for any bearish reversal setup to confirm it. We would be bullish, unless we break below the orange zone, in this case a movement till the lower bound of the range (around 15500) would be expected. Which scenario do you think is more probable and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:BTCUSD
by TheSignalyst
31
December 9 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to Coinglass, the negative premium rate of the Grayscale Bitcoin Trust (GBTC) expanded to 47.2%, a record low. Bitcoin is up 2.11% over the last 24 hours and rose to an intraday high of $17,300.00. The largest cryptocurrency break above the 20-day EMA ($16,983) today, suggests that the bearish momentum may be weakening. Neither the bulls nor the bears are clearly in the lead based on the flattish moving averages and the RSI near the midpoint. If buyers maintain the price above the current level, the BTC/USDT pair could rise to $17,622. Today’s Cryptocurrency Headline SEC Requires Companies to Disclose Cryptocurrency Exposure The U.S. Securities and Exchange Commission (SEC) requires public companies to disclose whether they have exposure to crypto assets, including whether they do business with any crypto-related companies. Firms must disclose if they have direct or indirect relations with companies that have filed for bankruptcy, experienced excessive redemptions or withdrawals of crypto assets, maintain unaccounted crypto assets of customers and experienced corporate compliance failures. In addition, companies must describe how the bankruptcies of certain firms affected their businesses and that the company must take safeguards to protect its customers' crypto assets. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
MEGATRENDS Shaping the future (part 2)This is part two of what is changing the world for the future... Last time we spoke about the first 4 Megatrends. Electric Vehicles & Autonomous Driving 1. E-shopping & Drop Shipping 2. 3. AI & Machine learning 3. Online businesses The next four MEGATRENDS are... Metaverse NFTS Blockchain and Cryptos Web 3.0 Mark Zuckerberg is beyond his years as he sees the future with the Metaverse to come (VR, AR and a combination of both) IN the near future, many industries will apply the Metaverse to everyday including medical, education, entertainment, socialising, trading, meetings and even e-games and e-sports. NFTs took off and flew in the first few months as artists, musicians and celebrities took advantage of buying and selling digital products for a purpose... I know NFTs have had a bad sour taste as the prices have crashed and there is less confidence but they'll be back and stronger than ever after the bubble. WHY? Because we have the infrastructure to do so. Blockchain and Cryptos - Yes I know we are currently in a long winter with traders getting destroyed and investors losing all hope and confidence. But this is all because of fear, greed, BAD management, over confidence in sh$$t coins and low regulations. Yes we need regulations unfortunately. It will take time, but they will come back and will shape the future. Not just the coins but the technology and smart contracts to present opportunities for finance, commerce and investments. Web 3.0 the internet has evolved from not being able to post or add onto the net to being able to do so. And now with Web 3.0 where people will create their own social platforms, banking systems, games, programmes without making the fat cats rich. There'll be less intermediaries where YOU will have the true power too run and profit from. Timon MATI Trader
COINBASE:ETHUSDEducation
by Timonrosso
ETH - Building Block! 🏢Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. Imagine ETH is trading inside a building and you are currently on the third floor. 📌 1230 is currently your floor / support. For the bulls to take over, we need a break above the orange channel AND orange zone. In this case, a movement till the ceiling 1300 would be expected. 📌 IF the 1230 support is broken downward, then you will be visiting your neighbor in the second floor to discuss ETH situation. and so on... As long as you are inside the building, you will be moving between these floors (locally) 📌 UNLESS you break below floor 1 or above floor 3, then you will leave the building for a longer journey. If you break above floor 3, above 1300, then your next checkpoint would be around 1400-1500 resistance Which scenario do you think is more likely to happen? Which floor is more likely to hold? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
27