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Truebit

TRUEBIT (Y24.P1.Video1).What is the macro pictureHi Traders, I have done a number of videos on #Truebit #TRU #crypto and this one is looking for the macro target and why its justified. We use fibonacci, formations and wyckoff methodology to ascertain or justify our forecasts. We have 2 models, we don't know which one is likely to play out, 1 model has not so grand targets and the other does. It really depends on what the crypto market does in the coming year. Anyway, this video would be a great tool to look back at and take some lessons from it for future trading forecasts. All the best, S.SAri
by ssari
Truebit is about to take offDisclaimer, I am not a financial adviser. Material presented in this analysis is intended for educational purposes only. From what i see in this chart truebit protocol is ready to form another leg up. After its run up of 300% from 0.07$ to 0.21$ it had a 60% retrace and experienced contraction of volatility. Previous buy signal fired off on march 12 followed by the subsequent signal last night. Price action has been stagnant while all indicators pointing upward. There is a strong overhead resistance in the vicinity of 0.20$ Invalidated if price beaks below 0.10$ mark. Please share your thoughts on this short analysis. Have a great day and happy trades!
BITSTAMP:ETHUSDLong
by riff2017
TRUEBIT: The next1000x token that no one has heard of.Why haven't you heard of Truebit? Because the paypal mafia didn't want you to hear about it. I encourage you all to take a deeper look into the utility of this token, the potential, and the minds behind it. It has sat dormant for years, awaiting this very moment in which it will fundamentally change Ethereum and decentralized cloud computation forever. Don't get it confused with True FI . A token that I believe was created for the sole purpose of confusing buyers. Find it here: coinmarketcap.com 0xf65B5C5104c4faFD4b709d9D60a185eAE063276c Only found on Uniswap and some lesser known exchanges. Verifier’s Dilemma - What Makes Truebit Unique? Rather than relying on external, cryptographic proofs of correctness, Truebit brings scalable computation to blockchains by leveraging game theory principles and financial incentives to increase the on-chain computation power of existing networks and reduce marginal gas costs. While smart contracts can perform small computations correctly, large computation tasks pose security risks for blockchains due to the Verifier's Dilemma. Truebit counteracts this via a retrofitting oracle that achieves correct computational results. Truebit’s microeconomy ensures trustless verification through a financial incentive layer atop a dispute resolution layer. Who is the founder of Truebit (TRU)? Truebit was founded by mathematician and computer scientist Jason Teutsch who co-authored the whitepaper with Ethereum’s Solidity creator and team lead, Christian Reitwiessner. Jason holds a PhD in Mathematics, was a two-time US Fulbright Fellow, and co-discovered the Verifier’s Dilemma. Applications Applications include: Layer-2 settlements DeFi settlements and bookkeeping Batch verification of cryptographic signatures Checking proof-of-work Performing operation(s) with high computational complexity Any smart contract can issue a computation task to Truebit in standard languages (C, C++, or Rust) without concern for Ethereum’s gas limit. Truebit’s WebAssembly-based architecture can read functions and data from Ethereum bytes, smart contract program code, or IPFS. Don't sleep on Truebit. It will become a 'household name' overnight. Check their very inactive twitter that has suddenly woke up. The clock is ticking. JUST MY OPINION. INVEST AT YOUR OWN RISK.
COINBASE:ETHUSDLong
by unbolts
Truebit protocol is forming a baseHi fellow traders and investors! Truebit is forming a strong base in the vicinity .25$ - .27$ Notice how its price didn’t not drop below .25$ during the last sell off in BTCUSD and ETHUSD trading pairs. This, in my opinion signifies hidden bullish support possibly due to the strong fundamentals of this token. Needless to say that a lot depends on PA of ETH and BTC regarding Truebit. In any case this is the only alt coin that I am willing to hold through ups and downs of volatile crypto markets. Once this token is listed on major exchanges such as Binance and Coinbase it’ll fly high imho.
BITSTAMP:ETHUSDLong
by riff2017
Truebit Protocol possible bottoming formationHi Guys, Hope this message finds all of yous in good health. I've been watching Truebit protocol for a while now. It looks to me that it has created a "W" bottoming formation between June 22 - July 21. It has put in a higher low ever since. Even tough a possible move up is not confirmed as of yet, there are bullish divergencies in the making /RSI on 4H/ Normally, i wouldn't post an unconfirmed move, however, this project seems to be a hidden gem, therefore is seems fair to put it on everyone's radar. Please let me know your thoughts in the comment section. Have a great day and happy trades!
BITSTAMP:ETHUSD
by riff2017