EOS “not truly decentralized", blockchain testing company says_____Please hit a like button in order to unlock full content_____
On the 1st of November, first blockchain testing company Whiteblock Inc, has conducted an independent benchmark testing of the EOS software. Results have shown that EOS can’t handle the number of transaction previously advertised. Previously, EOS blockchain explorers have show that network can handle more than 1200 transactions per second. Although Whiteblock’s study shows, that the actual number is only 250 transactions per second.
“The research results prove inaccuracy in performance claims, and concluded, that the foundation of the EOS system is built on a flawed model that is not truly decentralized.”
After stress testing EOS network, Whiteblock came to these conclusions:
Quote
* EOS is not a blockchain, rather a distributed homogeneous database management system, a clear distinction in that their transactions are not cryptographically validated.
* EOS token and RAM market is essentially a cloud service where the network provides promises for computational resources in a blackbox for users to access via credits. There is no mechanism for accountability due to the lack of transparency on what Block producers are able to create in terms of
computational power.
* EOS throughput is significantly lower than EOS initially claimed in marketing materials.
* EOS suffers from consensus failures and lacks Byzantine Fault Tolerance.
Unquote
The conducted test could have been a great disappointment for anyone involved in the EOS. However, it hasn’t reflected on the price negatively. In fact, since 1st of November EOS has been gaining value agains the USD.
After rejecting the uptrend trendline, back on the October 31, EOS has grown by 13%, while moving from $5 to $5.7, where it is currently trading. On its’ way up, EOS/USD broke above the $5.3 resistance level, confirmed by the 23.6% Fibonacci retracement and level where high trade volume has been recorded. Then, resistance became support and on the lower timeframe EOS started to produce higher highs and higher lows. Looking at the RSI oscilator, it rejected the support and then broke above the downtrend trendline. This could have been the bullish sing for the EOS, and if that is the case, price will continue rising. First resistance and the upside target to watch is located near $7 physiological resistance. This price goes in line with the 23.6% Fibonacci level as well as the downtrend trend line and the 200 Moving Average.
Bullish scenario:
The support at $5.3 will hold, pushing price up to $7 or higher.
Consolidation scenario:
Daily close will be below previously established high at $5.6.
Bearish scenario:
EOS daily close below $5.6, followed by the break below $5 and $4.7 support.
IMPORTANT LEVELS TO WATCH:
$7.0
$5.3
$5.0
$4.7
$4.0
Test
BTC Day trade #8New entry, TP, and SL
Day trade #8
Long
Daily results thus far: +5R (My actual results of trades I opened today: -1 R because I missed 2 profitable calls while out)
I am testing a strategy and will be posting All trades taken with it here.
This is data gathering and strategy may change. These are actual trades I am taking.
Testing has been positive so far, and now it is time to live test.
Provided for educational purposes only.
Weekly Statistics Prior to Sept 28:
Sept 21 - 27
R:R is 1:3 on all trades
Total trades taken 28
Trades closed at TP: 12
Strike rate 42.8%
Total R = 20
$TEST (FLUROTECH) - TEST, 4H : #1Probably messing something up here but this is why I keep making charts, UI practice, testing theories and gradually adding more data to each chart as I learn.
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I am trying to visualize the price action as if I were entering a position based on the data until I am confident enough to do it in the market.
DISCLAIMER: I AM PERSONALLY GOING LONG WITH DOGE BUT WANT TO TRACK/TAKE NOTE OF PRICE MOVEMENT IN DIFFERENT SCENARIOS, MORE THAN ANYTHING ELSE, WHILE LEARNING TO USE THE TOOLBOX + LEARNING TECHNICAL ANALYSIS .
These are just theories I am testing out to see what I need to adjust based on results.
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Leave me a comment if you see something I need to change, I'd appreciate it.
THIS IS NOT FINANCIAL ADVICE.
SNDX - Syndax Pharmaceuticals - Loyal to the base bounce?First of all, I'm in love with this chart, not like a friend, but like a secret admirer whilst in high school going thru my hormonal changes. Syndax Pharmaceuticals has consistently shown great loyalty to the bounce when it reaches lower levels, close to or under it's support. This Pharma stock has shown to have great support at about $8.00. SNDX has a couple products out right now that are in testing phases, Entinostat and the SNDX-6352. The recent 25% decline was due to the Phase 2 of the study being "unimpressive". This trial however, serves as a base for positive results for phase 3 trials, which is coming up soon. We should see some consolidation at this level until the results are provided, then a possible jump. Make sure you take profits!! We're looking at a target price on the low end of $12.00, and as high as $18.00. SNDX is currently sitting at $7.03 as I'm writing this.
EURUSD [Daily, Long] False Break/Failure TestMarket has been in a range from the 1.163 level to 1.207 level. Price action towards support at 1.163 is clean. Price took out the previous candle structure low on 7 Nov 2017. There was strong price rejection following this. Sellers who short the break of the support are now trapped, many would sell off their position when price goes to breakeven, fuelling the buying pressure.
Entry: Market order of 1.16373
Stop: I placed a more aggressive stop loss just a few wicks below the candle structure, referenced on the 4hr timeframe as that is where my trade would be invalidated. Also to trade with a larger position to fulfil a 1:2 risk reward ratio.
TP: 1.19 as I foresee price rejection at this region due to resistance.
Pull Back 15 Minute ChartLooking at the chart I felt that since the trend is now going down, and there seems to be a test level and that since there happens to be a shark pattern going on that the trend should retrace back up, so I placed my stop loss 2 bars down and placed my buy limit right where the market should test with a retracement back up coming and take profit way up.
Cad chf short preferedAfter several tests of the s/r zone we just tested it again and now we are close to another smaller support which was a resistance before (s/r zone) and we are able to draw in a trendline to the upside with 3 touches .
Now we have our set up with double confirmation if it gets triggered!
I will wait for a break n close through the support and trendline to the downside to enter a short trade .
If this scenario not happens and we see price go up instat of dropping i would consider a long trade after a break n close of the s/r zone to the upside .
But as i really prefer the downward move here i would just go long with 1/2 position cause in the daily we are still in bearish territory since round about start of the year.
TRON FINALLY DEFYING BITCOIN, WILL IT LAST? TESTNET PREDICTIONTron is holding $.04 and seems to be building up for the testnet launch. In my opinion, the price will not shoot up much with the testnet launch, but we will see growth. My prediction is that bitcoin will fall to 6k levels, so we need to see if tron will follow bitcoin like it has in the past. So far it has been holding very well compared to bitcoins dip.