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Bitcoin The maturation cycle has four stages of an asset’s life. Stage 1: Basing Area (Consolidation) S1 is when nothing noteworthy is happening. It can last for an extended period, from months to years, and is caused by a poor overall market environment. Stage 2: Advancing Phase (Accumulation) The transition from S1 to S2 may begin with little or no warning. There are no major announcements or news. However, one thing is certain: a proper S2 will show significant volume as the asset is in strong demand on big up days, and volume will be relatively light during pullbacks. Stage 3: Top Area (Distribution) During S3, the asset is no longer under extreme accumulation. Instead, it is changing hands from strong buyers to weaker ones. Smart money that was bought early when the asset emerged onto the scene is now taking profits, selling into final signs of price strength. As that occurs, buyers on the other side of the transaction are weaker players who know about the asset because it has made such a dramatic run and captured headlines. In other words, the long trade in the asset has become crowded and too obvious. Stage 4: Declining Phase (Capitulation) During S4, earnings models are generally revised downward, which puts more selling pressure on the asset. The S4 selling phase may continue for an extended period until it's finally exhausted, and the asset enters another period of neglect. There are more down days and weeks on above-average volume than up days and up weeks on above-average volume. What should be expected at Stage 4? A Bear Trap may occur that leads to continuing declining phase up to the consolidation area. Another option, after approximately 50% of the asset correction - a new growth cycle will begin, updating the previous high. These are two book scenarios. What scenario do you expect? Write in the comments below! Best regards, EXCAVO
by EXCAVO
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Universal Market Access (UMA) Universal Market Access (UMA) - A fast, flexible, and secure way to create synthetic assets UMA, is a protocol for the creation of synthetic assets based on the Ethereum (ETH) blockchain. Synthetic assets are a class of assets that represent different, underlying assets and have the same value. UMA specifically enables its users to design and create self-executing, self-enforcing financial contracts secured by economic incentives. Overview ⦁ UMA was co-founded by Hart Lambur and Allison Lu. Lambur is also the CEO and co-founder of Risk Labs, the company in charge of developing the Universal Market Access protocol. He has also founded and headed Openfolio, a personal finance tracking platform which he sold to Stone Ridge Asset Management in 2017. Lu worked as the VP of credit & risk analysis at the financial services mobile app Tala. She was also an advisor at One Daijo, an Ethereum-based peer-to-peer lending platform. ⦁ The Risk Labs Foundation initially created 100M UMA tokens. The token distribution is as follows: ⦁ Risk Labs Foundation deposited 2,000,000 UMA tokens into a Uniswap liquidity pool ⦁ 35,000,000 tokens will be distributed to developers and UMA users. The mechanics of this distribution have not been finalized. ⦁ 15,000,000 tokens were allocated to investors ⦁ 33,500,000 are held by Risk Lab’s Founders and early contributors. All individual token grants are subject to a 4-year vesting schedule ⦁ 14,500,000 are reserved for future token sales ⦁ Governance: Users can earn inflationary rewards by participating in governance ⦁ Disputes: Tokens are used to properly incentivize price requests during disputes Burns: All financial contracts using UMA pay a tax that’s used to buy and then burn the token, driving value to UMA and scaling economic guarantees as protocol activity increases ⦁ UMA is traded on multiple markets, including Coinbase PRO that allows all U.S. based residents to legally obtain this coin. This gives institutional investors a direct access to UMA. ⦁ Grayscale have registered a trust on UMA, but have not opened it yet. Details: UMA stands for Universal Market Access. UMA is driven by a shared belief that financial markets should be free, open, and fair. The economic freedom created by a free and open market enables everyone equal opportunity to pursue prosperity and build financial independence. UMA's goal is to enable anyone to attain or transfer any form of risk seamlessly and securely through UMA protocol to empower everyone to participate in a universally accessible financial system. docs.umaproject.org Unique technologies: UMA is open-source infrastructure for deploying and enforcing synthetic assets on Ethereum. UMA enables developers to quickly and easily build synthetic tokens that track the price of anything. UMA enables developers to create synthetic assets via two core components: ⦁ Priceless financial contract templates docs.umaproject.org ⦁ Decentralized Oracle Service docs.umaproject.org Together, these two components enable the creation of fast, efficient, and secure synthetic derivatives on the Ethereum blockchain. How UMA Works: docs.umaproject.org UMA offers priceless financial contracts. Priceless financial contracts are smart contracts that only require an on-chain price feed in the event of a dispute. Economic guarantees and network incentives ensure network actors will act honestly most of the time, but in the event of a malicious actor or an ad hoc market event, a dispute can be raised to call UMA’s dispute resolution system known as the Data Verification Mechanism (DVM). There are five main network actors on UMA ⦁ Token sponsors ⦁ Liquidators ⦁ Disputers ⦁ Data Verification Mechanism (DVM) ⦁ UMA Tokenholders From coinmarketcap: Total value locked $198,317,787 Total supply: 102,089,750 UMA Max: 101,172,570 UMA Circulating Supply: 60,078,660 UMA (59%) Exchanges: Coinbase Pro, Binance, Bitstamp, Poloniex, Gemini, Bittrex, Uniswap, Sushiswap, Balancer, How synthetic assets are secured on UMA Token sponsors are individuals who lock collateral in a smart contract to mint synthetic tokens. Token sponsors are responsible for making sure their positions always remain overcollateralized or else their positions will get liquidated. The value of the collateral in the smart contract is continually monitored off-chain by a robust network of Liquidators. Liquidators continuously monitor if a position is properly collateralized by referencing off-chain price feeds. Liquidations can be configured to automatically search for positions to liquidate (through Liquidation Bots) or manually by anyone holding the synthetic asset and collateral currency of the position they are liquidating. Liquidators are incentivized with rewards to identify and liquidate undercollateralized positions. If a position is liquidated by a liquidator bot there will be a 2-hour delay before the liquidation is finalized. During the 2-hour delay, Disputers are incentivized to monitor contracts using UMA’s priceless financial contracts. Similar to Liquidators, Disputers can be in the form of a Dispute Bot or executed manually. Disputers reference their own off-chain price feeds to determine if a liquidation was valid or invalid. If invalid, the dispute bot will dispute the liquidation which will call UMA’s oracle known as the Data Verification Mechanism (DVM). The liquidated position will be pending until it is resolved by the DVM (48 hours later). Contracts that wish to receive a price faster than 48 hours can use UMA's Optimistic Oracle. The DVM will resolve the dispute by proposing a vote to UMA Tokenholders to obtain the price of the asset at a given timestamp. UMA Tokenholders will reference off-chain price feeds to report price information to the DVM. The DVM will aggregate UMA tokenholder votes and report the price of the asset on-chain. If the Disputer was correct, the DVM will reward the Disputer and the Token Sponsor of the effected position. If the Liquidator was correct the DVM will reward the Liquidator, penalize the Disputer, and the Token Sponsor will lose the funds in their position. Best regards EXCAVO
Long
by EXCAVO
3
NASDAQ 100COVID cases continue to spike higher darkening economic reopening. The consumer data shockingly has collapsed recently - including consumer confidence last Friday and retail sales. Several stocks have also stopped reacting positively to good earnings. The inflation reports remain hot, and Federal Reserve taper talk is everywhere. Technically, the NASDAQ index moves in the uptrend channel. Many indicators show the bearish divergence at the moment. The main support level is about 14K, and the key resistance is $15150. Best regards, EXCAVO
OANDA:NAS100USDShort
by EXCAVO
10
Spark (XFLR and FLR) Spark (FLR) Flare’s native token You must remember the XRP airdrop, this is exactly this token Collateral for the trustless issuance of assets from non-Turing complete chains. Starting with XRP, XLM, Litecoin and Dogecoin. Flare is a smart contract that integrates an Ethereum virtual machine. To open up the possibility for a large number of popular coins to use decentralized applications starting with coins such as XRP XLM DOGE LTC . In other words, it is Turing's introduction of complete smart contracts into each integrated chain. In simple words, creating a smart contract for blockchains that don't have their own smart contract. The smart contract is a catalyst for the development of both the network and the business within the blockchain. Now this feature will not only be available in popular ecosystems such as BNB, ETH . + As stated in the white paper, following the release of the main network is the creation of a large ecosystem of defi products. + Watching their social networks, I can say that their marketing is built at the high level. + This month the token will be airdrop on 50 of the most popular exchanges at once. The token is currently traded as the IOU on two exchanges . Poloniex ( XFLR )and Bitrue ( FLR ). XFLR - as the IOU on Poloniex exchange. After the start of the Flare network, Poloniex exchange undertakes to exchange XFLR to FLR - In this proportion 1 XFLR = 0.15 FLR So, you have 1 XFLR at day 1 and you just receive 0.15 FLR at day one. While in Bitrue you HAVE 1 XFLR and you will receive 1 FLR at day one. The guy who buys 100 XFLR in Poloniex just will receive 15 FLR at launch. The guy who buys 100 FLR in Bitrue will receive 100 FLR at launch. It is profitable to buy with Poloniex, but the vesting time is longer. Since you will not receive all the coins at once, only a part of them. You will receive the rest of the amount later. Distributed over the course of 2-3 years P.S. ~ 65% of the value of blockchain tokens is not available for decentralized applications. Best regards EXCAVO
XLong
by EXCAVO
5
Bitcoin - Global channel + CyclesGlobal channel I looked at the logarithmic chart and saw: a global uptrend channel, the upper line of which we tested and did not breakout. Bitcoin at the threshold of a new big cycle, which is a little over a year long. After that, Bitcoin made a dropped by 50% from the peak and reached the previous correction's support level. Now BTC has rebounded and is trading at 25% from the local low. The current local resistance level is 41k. The long-term magnet is the middle line of the ascending channel and the peak of 2018 (the 20k level, maybe lower). It is important to note that this is a global vision, not a short-term one. To my mind, speaking about short-term perspective, there will be a rebound to be sure after such a fall. I understand that there are many newcomers on the market now. The last fall was a shock for the majority of traders. I want to give a little advice (read below). 1. Calculate your future compulsory expenses for the next 6 months minimum. 2. Compare them with the available one the amount in stablecoins and cash. 3. If there is no pillow in stable assets for at least 6 months falling market then cover the part on rollbacks up positions to form a pillow for expenses for at least 6 months. 4. If there is, then all the same sort out portfolio and sell on rollbacks up those assets, in fundamental, values and survivability on potential bear market which you doubt very much. Summary: Your risky part of a cryptocurrency portfolio should consist only of fundamental assets with a high probability of gaining a network effect. You have enough money for at least 6 months. You are not motivated to sell assets at the bottom. We are ready to sit out any drawdown. You should understand that sooner or later your assets will cost more. You can safely continue living a normal life without checking the charts every few minutes. You realize that no matter what happens - you have the money for a good life and a portfolio of quality assets for financial independence. I do not want to give you false hope. Trading is not easy and risky. A trader earns big money when trading in the main trend direction. I expect a flat movement on the market shortly. This is the time when most people are losing money. Best regards EXCAVO
BITSTAMP:BTCUSD
by EXCAVO
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DAO MakerDAO Maker is an investment platform and project accelerator that seeks to connect startups with smart capital. History of analog projects: DaoMaker - 90x (token sale price $ 0.1, ATH - $ 9) DuckDao - 2000x (token sale price $ 0.05, ATH - $ 100) A2DAO - 120x (token sale price $ 0.1, ATH - $ 12) Bulk - ? (token sale price $ 0.01, ATH -?) Tokens of such platforms are used to obtain allocations in initial sales projects. These platforms are very popular. They make project research, which is a filter for the crypto-startups. This token sale can become a game-changer for the market participants with small capital. Best regards EXCAVO
by EXCAVO
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