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BTC live chart update 2/1/23 5:55pm ESTMain Note update It is possible that we head up to fill the upper gap on BTC1! at $28,740 before coming back down to fill the recent one made at $19,995. I am playing safe and made a 3x long position to hedge the two shorts I am averaging into and now a possible 3rd if BTC heads to fill the upper gap first. 1st New Arrow note on chart in white. If Price breaks the resistance below and heads to fill the gap to the left on the chart, I will be adding another bullet to my short there and likely closing my long hedge play. Which means I will pull my stop losses on the shorts and look to enter another around where the futures gap is similar to the 3rd trade box I posted. 2nd New Arrow Note on chart in purple If this turns out to be a falling wedge the target would be exactly where the upper gap is. 2/1/23 ~~~~ 5:55 pm Est
by Savvythe1
PCX Falling wedge and major trend looking to break bulliishHere is a Kucoin Banger for you folks, One thing I like to remind my students in our VIP group about these Kucoin spot trades (especially the coins with low liquidity) is to layer your take profit area's. Since Kucoin doesn't allow for a stop loss and a take profit to be placed parallel to each other on a single trade, its more important to have a stop loss in place and just put alarms at your TP zones and start closing some of the trade along the way when they go off. After the price action breaks above the top green trend line you are in a lot safer of an area to set your TP's and to remove your stop loss. This way if the TP's are hit while you are sleeping you can get your pro's. If you do set up your take profits on your trade, make sure to layer them with limit sell, especially with a low liquidity coin. This should help you actually get your orders filled. Major buy candles are coming in on this one, it seems to be in a clear wedge and bullish divergence coming in strong. Time will tell but, we also have a lot happening this month with a possible negative GDP for a second month in a row and officially starting a recession, the FED with another rate hike... likely to be .75bps and one the 13th we will have the inflation reports coming out from last month as well. Personally, I do see Bitcoin eventually decoupling from traditional markets and showing up to the party that it was made for the more and more inflation keeps getting out of hand. Have a green week my friends! Savvy
PLong
by Savvythe1
KSM Fractal playoutHello Traders, Recently I have noticed that the coins and tokens that have already ran are following the exact same run up that they had the first run except larger and longer in time. I am mainly posting this to see if KSM does the same and if it looks to be doing so I will be playing my cards as shown in the chart. I figure if this gem of a find does play out I may as well share it with the TV community. Best of luck to us all. If you are looking to get into my more specific calls, check the tag in this post. Below as always, you will find information that I have grabbed to make your fundamental analysis on this coin easier as well as finding an ex change to purchase it on. Have a GREEN WEEK as this one should be very much so! Savvy ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Fundamental Analysis KSM Price Live Data The live Kusama price today is $364.48 USD with a 24-hour trading volume of $131,478,342 USD. We update our KSM to USD price in real-time. Kusama is up 5.94% in the last 24 hours. The current CoinMarketCap ranking is #57, with a live market cap of $3,087,174,208 USD. It has a circulating supply of 8,470,098 KSM coins and the max. supply is not available. If you would like to know where to buy Kusama, the top cryptocurrency exchanges for trading in Kusama stock are currently Binance, Mandala Exchange, OKEx, CoinTiger, and Huobi Global. You can find others listed on our crypto exchanges page. What Is Kusama (KSM)? Self-described as "Polkadot's wild cousin," Kusama is an experimental blockchain platform that is designed to provide a massively interoperable and scalable framework for developers. Kusama is built on Substrate — a blockchain building kit developed by Parity Technologies. Kusama has almost the same codebase as Polkadot — one of the most successful interoperable blockchains. By deploying on Kusama, fast-paced projects gain access to a highly scalable, interoperable sharded network, with features that are not yet available on Polkadot. To that end, Kusama describes itself as a “canary network.” The platform is designed to provide a testbed for developers looking to innovate and deploy their own blockchain and can be used as a preparatory network before launching on Polkadot — though many projects opt to stick with Kusama for their final product. Kusama benefits from a low barrier to entry for deploying parachains, low bond requirements for validators, and is most commonly used by early-stage startups and for experimentation. Who Are the Founders of Kusama? Kusama was built by the same team that created Polkadot, a company known as Parity Technologies. Its founder is Dr. Gavin Wood, a world-renowned computer scientist and programmer, who also co-founded Ethereum. Parity Technologies has an extensive team comprised of some of the world's most successful blockchain engineers, and has over 100 employees in total spread throughout the world. In addition, Kusama is funded by grants from the Web3 Foundation, which was launched to help "nurture and steward technologies and applications in the fields of decentralised web software protocols." The Web3 foundation also supports Kusama with research and community development thanks to its growth team. What Makes Kusama Unique? Kusama is unusual among blockchain platforms since it is predominantly built for developers that want to launch bold, ambitious projects, with a fast-evolving pace of development. It is built on a multichain, heterogeneously-sharded design that uses a nominated proof-of-stake (NPoS) consensus system — an alternative consensus mechanism to the energy intensive proof-of-work (POW) scheme employed by several other blockchains. This system enables it to perform rapid on-chain upgrades without a fork, and support cross-chain message passing (XCMP) to enable communication with other parachains on the Kusama network. Like Polkadot, Kusama features on-chain governance capabilities. This on-chain governance is both decentralized and permission-less, allowing anybody with Kusama (KSM) tokens or parachain tokens to vote on their respective governance proposals, which might include putative upgrades, changes to the protocol, and feature requests. This on-chain governance procedure is roughly four times faster than that offered by Polkadot, with a combined voting and enactment period of just 15 days — leading to the rapid pace of development for projects built on Kusama. The project serves projects that want to hit the ground running, launching updates and improvements without the need to implement a fork to do so — thereby ensuring maximum community cohesion. Related Pages: Read more about Polkadot (DOT) — which is like Kusama (KSM), but enterprise-focused. Check out Ethereum (ETH) — one of Kusama’s major competitors. Brush up on your crypto basics with CoinMarketCap Alexandria. Visit the CoinMarketCap blog for the latest news, tips, tricks and market insights. How Many Kusama (KSM) Coins Are There in Circulation? As of November 2020, Kusama has a circulating supply of 8.47 million tokens, and a total supply of 10 million tokens. Unlike some other blockchains, this maximum supply is not fixed. Instead, it increases at an inflation rate of 10% per year. The proportion of KSM that are staked changes how the newly minted KSM tokens (from inflation) are distributed. If exactly half of all KSM are staked, then Kusama validators receive 100% of newly minted tokens, whereas if it is above or below 50%, then some of the inflation rewards will go to the Kusama Treasury. Kusama initially launched as an airdrop to those that participated in Polkadot (DOT) token sale. These were distributed at a 1:1 rate, while those without DOT were able to obtain KSM by using a frictional faucet — this has since been decommissioned. Unlike Polkadot, Kusama has not undergone redenomination to increase its circulating supply. How Is the Kusama Network Secured? Kusama is built using a nominated proof-of-stake (NPoS) consensus mechanism. This uses a network of nominators (KSM stakers) who elect nodes to participate in the transaction validation process. These nominators receive a fraction of the inflation reward if their nominator is selected on the next rotation. Validators that act dishonestly or don't meet performance requirements can have their stake slashed. Additionally, Kusama uses a simple queuing mechanism based on Merkle trees to resolve cross-chain transactions. Relay chain validators are responsible for moving transactions from the output queue of one parachain to the input queue of the target parachain — this is a secure, trustless process that uses the same validators on each chain to pass the messages. Where Can You Buy Kusama (KSM)? Kusama (KSM) is currently available to trade on dozens of popular exchange platforms, including Binance, OKEx and Huobi Global. The most liquid trade pairs for KSM are currently KSM/USDT, KSM/BTC and KSM/ETH.
Long
by Savvythe1
Bal Fractal idea Hello traders, This should be a strategy over the next few months: I would highly suggest making this chart your own and putting alarms on it if you decide to follow this strat after doing your own research. This is based on a pretty solid fractal idea and would give around a 435% gain on an ever increasing amount of tokens depending on what the original investment was along the way. As always, below is a bit of fundamentals for you to research this coin, the team and which exchanges to pick it up on. Good luck, and have a green week!
Long
by Savvythe1