Decentralized
DeFi & ETH- THE BIG NEW TREND IN CRYPTO WITH EFFECTS ON ETHEREUMI did not pay attention too much to the Decentralized finance trend in crypto because until few months ago, just classic lending platforms were on the field. Now things changed. It has reached the front page on the crypto world because of the launch of the COMP token (will talk about it in a seprate idea) and the DeFi future on the exchange you see in the graph.
This one in the chart is a new index that comprises main defi platforms/tokens (you can see a decrsiption if them). This index is really new (started running just few days ago), but already makes us understand that the trend in defi is huge.
DeFi in general is composed by
- DEX (decentralized exchanges),
- Lending platforms and money market platforms (where it is possible to lend or borrow usd or tokens and gain interests on them)
- Derivatives markets (where you can create a synth asset like a token or a commo that replicates the real one)
What do they have in common? They ALL RUN ON ETHEREUM. Considering that an underlying can never be bigger that its "box", an increase in defi will coincide with an increase of the platform it runs on.
Is the trend sustainable? Probably this is now a little hyped, but the trend is for sure upward. If you do not have many clues on each of the companies (always DYOR by the way) or do not want to jeopardize you money in different projects, this index is the answer for you. It is available just on that exchange.
I will monitor a little bit in the folloiwng days DeFi Index and will consider also increasing my positions on ETH.
Let me know what do you think of DeFi
Blockchain use case finally found: killing the control structureThey control the currency
They countrol prices
They control the narrative
They control what we can and can't say
They control who can go out and who can't
They control acceptable thoughts & face expressions
They control who gives & who takes (taxes)
They control our history
They control what is real science and what is not
They control who lives and who dies
It's time to fight back.
There are some social networks but they have a terrible business model and no one is interested (they only care for "price go up").
There are 2 options:
Fascism and crushing the enemy. Cutting off the serpent head then squashing dissidents.
Bypassing the control structure. No big company or media to impose their narrative.
There is no and will be an independant crypto economy, best bet is gold, but there can be a truly free DECENTRALIZED area for every one.
The internet was supposed to be that, but obviously it ends up in the hands of a few, and not the brightest, just whatever idiot was at the right time in the right place and got lucky (or got lucky AND stole everything from the Winklevoss twins).
Africans with no tap water that had access to cheap drugs had nearly no coronahoax deaths. Tanzania president sent PAPAYA to the WHO and they told him "oh ye that person is infected".
And North Africa that has about the same weather as Rome also had no impact.
Meanwhile "rich" countries in West Europe and North America went back to middle ages. Every one locked at home. Church banned. School banned. Every thing banned.
And they force people to wear those ridiculous masks to stop a 100 nm virus.
Oh, after telling every one masks are useless of course. And then criticizing people for "being science deniers" and "not listening to experts". THE SAME GUY. THE SAME WEEK.
Africans in the poorest countries with terrible nutrition and plenty of deficiencies that have stunted brain development are onto Bill Gates and his "vaccine", meanwhile "educated" (brainwashed) westerners in EUW AUS NA are begging to get it as fast as possible. I'm not 100% convinced of a "conspiracy" not even 80% but why even take the risk? I am 100% convinced it is all a hoax thought, obviously.
Weak chined, brainwashed, idiotic clowns, maggots, are pulling down statues and the swamp that got elected are letting them.
The corrupt bureaucrats are encouraging them to burn and disrespect police (until they get to their own homes, then all of a sudden they are "domestic terrorists" and "animals").
I don't know what Trump campaign solution is, could be blockchain, could not.
What is certain is this is all part of the same problem & solution, and we are going to get rid of all the swamp rats.
"The problem I was worrying about is if we help save african babies rather than let 4 of them die then women would then have 8 children, but thank god that's not the case, they would choose to have less" - Melinda Gates.
Science is totally rotten, this has to be one of the biggest disappointment for me.
For the time being I don't see science being fixed by blockchain, but over time indirectly it will be a big help.
It's harder to cheat and lie when you have a spotlight on you. A real free internet would allow this.
A few people crying out the truth won't make much of a difference. Always censored, turned into ridiculed by the control structure. Banned.
But a decentralized open internet... Now how will they stop that? Bribe all the miners in the world? Good luck!
We need a big beautiful blockchain. A giant, cheap, and efficient one. Something too big for anyone to take down.
Something even a UN with full control of all nations will have a hard time.
Hey Trump just shared this (on his personal account not the potus one):
REVEALED: An anti-deportation group partnering with George Soros's Open Society Foundation is one of the groups behind the "defund the police" movement.
The "crazy conspiracy theory".
The control structure is now blatantly lying on a daily basis, it hurts smart people looking for what is real, and idiots are completely under control.
Free humans being allowed to share on a huge & beautiful new internet will mean smart people can be much more efficient and share ideas uncensored, and brainwashed idiots can see the truth and be slowly convinced over time.
The sheep has to see both sides of the story.
Both problems have plagued us for too long:
- Governments, taxes, money control, etc
- Narrative control, propaganda, witch hunts (literal & figurative), dogmas
Developed civilisation with writting & cities started 5,000 years ago in Iraq & Egypt (see Memphis & Uruk)
Agri Derivatives are 10,000 years old almost exactly.
The oldest pyramids are 5000 years old too (in Brazil).
Fake news, manipulation has lasted 5000 years. It's always the same story.
After Crassus died, the "conspiracy" became reality when Pompeo took control of the Senate and declared Caesar an enemy of the state.
Good thing is Caesar crushed him.
A whole lot of people are complete idiots that are easy to manipulate so they'll always be some Stalin, Pompeo, or Clintons around.
We got the internet and the media, then they used this to control the narrative, and they burn the books they don't like, defund anyone that fights them, use "sanctions", ban from everywhere, run campaigns to discredit them "racist".
But it is getting harder for them, people are not all idiots, and even some idiots can be brainwashed by the other camp just the same.
The pedo Epstein Weinstein buddies know they are getting exposed. Senate exposed Obama Gate and Clinton Gate and all.
So they push for riots to keep the media busy on this, and the social media & tv media on their side has started lying non stop.
The globalists are coming up with a New World Order january 2021. They're making their move asap. But we will be free in the end.
It's time for humanity to get rid of sick psychopaths. And it's going to be beautiful. And their billions won't prevent it. You can't stop progress.
LAST CALL BEFORE BREAKOUT !!Accumulation period almost finished.
Volume is growing for we almost got to the extreme of the bullish descending wedge.
Breakout of the steep yellow channel was the first step (huge volume confirmation).
Long sideways green wedge pointed to almost 1 year accumulation phase.
Price held up well at around 50 cents for ONE FULL YEAR now !!!
You had a long time to accumulate at these prices; now the train is leaving the station.
Huge long term positive divergence on the RSI (green line below).
This project is BIG ! DECENTRALIZED INTERNET !! It is still under the radar ... but not for long.
XLM 1-Week Projections (May 28th)Hey all, welcome back. I've decided that I was decently close on my last chart for the price action that happened the last few days, originally was working on a 4 hour chart but changed to 1 day. I think the trends I've set in red here at the end of this triangle will happen, but no certainty that it will happen exactly as I think it will. If the red wave I've outlined completes, it could show some sort of symmetrical triangle but honestly at this point I'm still learning and having fun with it.
I think we will retrace back to our previous peak from weeks ago, could even hit some resistance, could go a little bit beyond the last peak, but I have no assurance, and these are just some ideas. If that happens, what comes after is something I am still working on, so fyi that big red trend downwards doesn't mean anything other than I feel some significant bearish moves could still be coming. Might be able to update you guys in the near future :)
I might try to look deeper into golden/death crosses on my next chart, but if anything it will only serve as a resistance confirmation for how steady we stay in whatever regions we land in. I have linked my last chart below and as a related idea.
I am currently taking an online class with Trade Crypto Live Education and learning more than ever, and I DEFINITELY recommend you check them out if you want to further yourself as well. I'm also having fun with Cindicator predictions and am up 800+ points in crypto forecasts for the last month, excited to see what the "pro" challenges will look like for the first time!
Original chart (published May 24th 2020) on 4H:
Have a great day everyone!
Thanks for tuning in :) Disclaimer, I am not responsible for any losses incurred while attempting to use my data, I hope this can prove to be some sort of learning tool for some and give insight as to how I personally come up with my own numbers. Take into full consideration this could be a completely bad forecast. Cheers
Ethereum could go up 200% over the next few months!!!The Istanbul Hard fork is scheduled to happen this Saturday. This will allow transactions per second to climb from 15 to 3,000!
Combine that with the fact that the DEFI space is growing exponentially and we're looking at formula that could very easily break us out of our falling wedge and to the top of the upper end of the trade channel.
1. Count down clock for the upgrade ---> etherscan.io
2. 3,000 transactions per second ---> www.fxstreet.com
3. Shows DEFI utlization ---> defipulse.com
4. Chico can be a little crazy but his take on Defi is spot on ---> www.youtube.com
Say no to centrally-monetized entertaiment with Tron.Tron, with actual rank #11 at CMC, is a blockchain-based decentralized platform that aims to build a free, global digital content entertainment system with distributed storage technology, and allows easy and cost-effective sharing of digital content. Tronix can be used by content consumers to pay for the content they want to access. These coins would then go to the content producers’ accounts, where they can be exchanged to other cryptocurrencies, or can be used to pay for blockchain services.
With many developers from the Jack Ma-led Alibaba group joining Tron's development team in late 2017, there are rumors that a partnership between Tron and Alibaba may be in the works. It will be interesting to see how Tron evolves to meet these expectations.
It's the late Saturday here and I decided to bring you something more at daily chart .
In a recent price action history, through the majority of lowcap altcoins, I spotted some signs of reversal evidence / not only in Tronix/ .
These are the most important of them, to me :
- Doubble botttom is strong reversal bullish pattern.
- One, of the best social marketing by CEO Justin Sun.
- Downtrend along 2 years , while 2 death crossses and 1 gold cross occured with the same downtarget percentage /=now mean turn for the golden, logically /
-Daily and Weekly morning Doji / while Monthly forming /
- Q4 EOY hype and potential FOMO + a beggining of alt seasson in December 2019.
Threats:
- Higher cap altcoins like Tron, Ripple and Cardano, like to do quick,huge spikes, which often further led to strong price refuses .
- Bitcoin has space to plummet even more in Q4, before the preHalving hype starts.
- It looks like very early stage to proclaim that Tron bottomed / still weak daily volumes below average, not above daily 50 ,etc.. /
- Tron do not really print a SOLID higher high yet.
*This is not a financial or investment advice. Never trade/invest, by my personal ideas.
Sia -The only truly decentralized cloud storage -update inc!A new update is just behid the door. I'm not telling that we are going to the moon right now, but Sia already reached its bottom and started new uptrend, which can be slow and steady but also there is good opportunity for some massive growth/pump at this point (negligible resistances, good BTC position, new Sia update - this all may bring us to 300-500% very quickly).
The new update will move Sia one more step closer to become the only fully decentralized cloud storage. Sia team is working very hard to reach their visions and the progress is awesome. The future is very bright for Sia. For this price SC has very good R/R ratio.
A few informations for people who don't know what Sia is about:
- Sia is decentralized, encrypted, peer to peer cloud storage platform. It is encrypted, multiplied, chopped into little bits, and then all those little bits are sent around to a bunch of different hosts. When you want access to your file, the appropriate bits are recompiled and you get your file.
- Sia has reduced overhead dramatically by building the framework and outsourcing the storage to anyone with an internet connection and a hard drive. That’s why it can charge a much lower fee. They multiply the bits in case a node holding a piece of your file happens to be offline.
- Unlike most new coins, the Sia team chose not to hold an ICO. Instead, Sia began life when its genesis block was mined. This is very unusual in the cryptocurrency world. However, so far this has seemed to work out for Sia. Thanks to prominent investors such as Fenbushi Capital, Raptor Group, Procyon Ventures, along with angel investors like Xiaolai Li, the Sia team managed to raise over $1.25 million in funding without an ICO.
Just imagine if any big company (paying big fees for data storage at this moment + dependent on 3rd party which can crash or whatever) starts using this technology to pay X times less fees and become fully independent.. Think about it and possibly you come to the conclusion that maybe there won't be better time to jump in than RIGHT NOW!
$BLOCK Only Have Less Than 5.5 mills On Circulating SupplyThe Blocknet Protocol is a true peer-to-peer protocol between nodes on different blockchains. This enables the transfer of data and value between blockchains and opens the door to multi-chain architectures.The Blocknet community has been developing this technology since 2014.
Their decentralized governance system and open source code ensures that every blockchain is free to interact without centralized entities. Block has their own decentralized exchange project called Block DX. Block DX is a truly decentralized exchange that enables trading freedom for connected blockchain communities. Listing on Block DX is free and does not require our permission or control.
At the current moment block is sitting on the support where it was a "high" in 2016 at this level. So basically all we need is macro trend is changing and blockc prolly back to 0.6 - 1 fibonacci level which actually can gerate a 272% gains from the current level.
The decision is yours.
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If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot!
TIPS: PATIENCE & PERSISTENCE ARE KEY TO SUCCESS
RISK WARNING: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. I will make best efforts to bring profitable signals, but will not be responsible for your investment losses or profit.
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New Bullish Pattern in Trading History SICKLE PATTERN !!Many Patterns You have watch and see but first time I see and Create new Pattern SICKLE Patterns as Like SCYTHE Patterns.
Completely Follow the MANA Coin With Proper make a Handle and Blade with Succusfully Breakout ..
What do You Think about this i am very Exicted after create this Beautifull Pattern.
Share Your Opinions What do You think about this Beautifull Bullish Pattern.
f You Satisfied With My idea and Pattern Then Do not Forgot To Hit Like .
Warning- I m Not a Financial Advisore this idea and patterns Only For Educational Purpose Only.
SPOTTED! $LRC Whale Is On The Silent Accumulation!Long term investment and playing trend is no doubt on LRC chart. It looks juicy how whale is actually accumulating without people's knowing that. Well, what if people know that you just ain't get the information. Hmmm interesting.
Loopring is ranked #70 on coinmarketcap.com with 1.375 billion of total supply and 789 millions are on the circulating.
Loopring is DEX that have quite nice interface and friendly use. But the think that i need to highlight is the color gain and correction. Both are green at the moment lol
So be careful..
DEX is not really relevant but DEX need to be prepared for future users gains and protect users from centralized exchange. I think even tho i'm not really interested using DEX recently, but they need to be supported, it's a long game.
Judging the fact that this chart is quite tempting for mid term game. I don't need to speak a lot. But beware of the RSI. Even the price action is so flat i don't why RSI is quite high. It means that even the pump might occur soon but it'll limited due to this factor. Well, let's see.
The most closer resistance for mid term game is 2794 sats. Will post the close look on the update for short term game.
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If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot!
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www.tradingview.com Rules:
#1 Always obey tradingview.com house rules
#2 Always read the description
#3 Don't spam on the comment section
#4 If you wanted to request my opinions about a coin/token just give 10 likes on my published charts and I will do it the day or two after
#5 My opinions are not financial advice, follow it at your own will and your own risk
#6 Together, let's build a better community on this platform
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JUST IF I Pump $ELF, Do You Really Wanna Know Why?Decentralized Cloud Computing is the most make sense industry at the moment. It's also linked with many big companies wanted to achieve the same thing on the same project. Cloud computing is quite primadona at this time and maybe several years ahead. Name it, Alibaba, Google, Microsoft and many others which smaller also wanted to have a piece of cake of this sector audience.
Then, Decentralized Cloud Computing Blockchain Network sounds really good. Because it's probably the mid-term goal on top of it for now. And that's what aelf, or the ticker ELF, do.
It's not a surprise if you see their website is full of big partnership investors, I do agree with them. Plus point, their website looks pretty nice.
For real tho, aside of big partnerships, they are also listed on Exchanges like Bitfinex, Binance, Bithumb and Huobi. Top notch. Even tho there are several others on the list but these four are convincing enough for me.
What i don't really like is their percentage of token owners. Really giving a little space for the market. Of course this action really reasonable because they knew their quality. Hmm interesting...
Judgin from the fact that right now is on the accumulation zone. I bet a lot of capital right now trying to monopoly the market supply as we can see for weeks now. Just watchout. If you wanted to invest and accumulating for mid-term timeframe, you should pick something like this with proper entry.
Because you already read the major reason, why this stuff great and why I will pump it. But i need to collect as much as I can before attracting the prey to my trap, retailers, so i can gaining a lot fo profit as I can.
I think 5000 - 5500 is good accumulation range and if you got caught the price below 5000 sats then it's pretty big discount sale.
Trade safe!