$TOTAL
The weekly shows nothing but bearishness.
It's fast approaching the 1.618 extension of the 2017 top to 2019 bottom.
This is where I'd be looking for a market bounce.
1W https://www.tradingview.com/x/tmny9A8i/
The weekly shows nothing but bearishness.
It's fast approaching the 1.618 extension of the 2017 top to 2019 bottom.
This is where I'd be looking for a market bounce.
1W https://www.tradingview.com/x/tmny9A8i/
$BTC
It's at the 1.618 extension.
Many are seeing this as a point of reversal.
We'll see...
1W https://www.tradingview.com/x/OK07zWi2/
It's at the 1.618 extension.
Many are seeing this as a point of reversal.
We'll see...
1W https://www.tradingview.com/x/OK07zWi2/
$BTC
Something to watch for. Morning star reversal pattern.
A pullback to the 50% marked in the image would make sense followed by a break to the upside.
Just gotta watch lower time frames to get an entry.
1H https://s3.tradingview.com/snapshots/m/mfMsSL18.png
Something to watch for. Morning star reversal pattern.
A pullback to the 50% marked in the image would make sense followed by a break to the upside.
Just gotta watch lower time frames to get an entry.
1H https://s3.tradingview.com/snapshots/m/mfMsSL18.png
$BTC
The only trade I'm looking for this weekend is a short from the top of the daily order block at $33,118.
30m https://www.tradingview.com/x/nbwbSqO5/
The only trade I'm looking for this weekend is a short from the top of the daily order block at $33,118.
30m https://www.tradingview.com/x/nbwbSqO5/
$ETH
That blue line of destiny coupled with the first daily bull div seen since BC smells like bullish reversal.
1D https://www.tradingview.com/x/dhj6vwXl/
That blue line of destiny coupled with the first daily bull div seen since BC smells like bullish reversal.
1D https://www.tradingview.com/x/dhj6vwXl/
$BTC
Looking for a fake out / rejection here to signify a move down is coming.
Nothing yet, but if it sets up for a short, there's a long way to fall.
1H https://www.tradingview.com/x/ZkMp1jfT/
Looking for a fake out / rejection here to signify a move down is coming.
Nothing yet, but if it sets up for a short, there's a long way to fall.
1H https://www.tradingview.com/x/ZkMp1jfT/
$BTCUSD
Wow. Bitcoin hit my magic level and was rejected.
I'm feeling bullish overall but I don't see confirmation yet.
1D https://www.tradingview.com/x/RVsAOMlm/
Wow. Bitcoin hit my magic level and was rejected.
I'm feeling bullish overall but I don't see confirmation yet.
1D https://www.tradingview.com/x/RVsAOMlm/
TradingView
TradingView Chart
Watchlist - Ternio $TERN
Preamble - Stellar's Crypto Debit Card token which has current partnerships with various coins including securing the official Litecoin debit card
Reason 1 - The first and only whitelabel crypto debit card on Stellar, but after 3 years it managed to garner fractions of a fraction of all the other crypto debit cards. One of the ways to shed your past self, is to drastically rebrand. And thats exactly what they have done. They are rebranding to Unbanked with the following services
Crypto Debit Cards (LIVE)
USA Bank Accounts for USA citizens (LIVE)
USA Bank accounts for most non-USA citizens (LIVE)
Centralized DeFi services (SOON)
Reason 2 - The lack of adoption of users for the debit cards can be directly attributed to to the debit card itself. This is because the debit card holds the $TERN token, which is spent when the card is used. Since your cards balance is tied to a tokens price, it means your balance fluctuates in real time! As part of the rebranding, they are leaving the existing debit card as-is but also introducing a new debit card, which can be loaded up with dollars! This means the biggest flaw of the last card, is fixed with this new card.
Reason 2.5 - The lowest staking requirements of 145k TERN / ~$1k along with the highest cashback of 6%.
Reason 3 - Part of the rebranding process, Unbanked is making their token crosschain between Stellar and Ethereum. We believe that when this happens, long term believers shut down their trading bots on the Stellar Dex and instead migrate their tokens to Ethereum and will end up in a Uniswap liquidity pools as lazy capital. Getting onto Uniswap will be the first time their token enters a top 10 exchange, which we believe will enable a brand new ecosystem of users to learn about Unbanked.
So far everything from the rebranding has been spot on, fixing all the major flaws. If they can successfully copy the highlights of other CeDeFi services like Celsius/Nexo, then this is definitely something to keep on your watchlist.
Preamble - Stellar's Crypto Debit Card token which has current partnerships with various coins including securing the official Litecoin debit card
Reason 1 - The first and only whitelabel crypto debit card on Stellar, but after 3 years it managed to garner fractions of a fraction of all the other crypto debit cards. One of the ways to shed your past self, is to drastically rebrand. And thats exactly what they have done. They are rebranding to Unbanked with the following services
Crypto Debit Cards (LIVE)
USA Bank Accounts for USA citizens (LIVE)
USA Bank accounts for most non-USA citizens (LIVE)
Centralized DeFi services (SOON)
Reason 2 - The lack of adoption of users for the debit cards can be directly attributed to to the debit card itself. This is because the debit card holds the $TERN token, which is spent when the card is used. Since your cards balance is tied to a tokens price, it means your balance fluctuates in real time! As part of the rebranding, they are leaving the existing debit card as-is but also introducing a new debit card, which can be loaded up with dollars! This means the biggest flaw of the last card, is fixed with this new card.
Reason 2.5 - The lowest staking requirements of 145k TERN / ~$1k along with the highest cashback of 6%.
Reason 3 - Part of the rebranding process, Unbanked is making their token crosschain between Stellar and Ethereum. We believe that when this happens, long term believers shut down their trading bots on the Stellar Dex and instead migrate their tokens to Ethereum and will end up in a Uniswap liquidity pools as lazy capital. Getting onto Uniswap will be the first time their token enters a top 10 exchange, which we believe will enable a brand new ecosystem of users to learn about Unbanked.
So far everything from the rebranding has been spot on, fixing all the major flaws. If they can successfully copy the highlights of other CeDeFi services like Celsius/Nexo, then this is definitely something to keep on your watchlist.
Watchlist - Stacker Ventures $STACK
Decentralized Community Incubator
Reason 1 - They raised $7.2m from their community to build Stacker Ventures tokenized Fund 1 ($SVC001) earlier in 2021, where the team used user funds to invest in various startups on behalf of their users like a traditional fund. Due to some early poor investments by the team, the community fractured and a mass exodus occurred.
Reason 2 - They recently have announced a pivot in structure, which is still in progress and subject to change (current status https://docs.google.com/document/d/1HSjO4UiK8ezJlmjZgxaSOqe7OGC0BMzSBGVTrE7ekOo/edit ) where they will use the existing VC’s on the team to vet projects, but ultimately, let the token holders decide whether to invest, and if so, is it going to be a syndication offering or have it part of a future fund, fund 2.
Reason 3 - With other syndication projects, the token holders are playing a cut-throat game of silence, because they don’t want to publicly show interest in projects that interest them, so more allocations are available to them when it comes time to contribute. However, Stacker aims to flip this on its head, because if there is no collaboration or interest shown from token holders, then the deal is not accepted. This forces users to switch from a competitive mindset, to a collaborative one otherwise known within crypto as We Are Gonna Make It (WAGMI).
Decentralized Community Incubator
Reason 1 - They raised $7.2m from their community to build Stacker Ventures tokenized Fund 1 ($SVC001) earlier in 2021, where the team used user funds to invest in various startups on behalf of their users like a traditional fund. Due to some early poor investments by the team, the community fractured and a mass exodus occurred.
Reason 2 - They recently have announced a pivot in structure, which is still in progress and subject to change (current status https://docs.google.com/document/d/1HSjO4UiK8ezJlmjZgxaSOqe7OGC0BMzSBGVTrE7ekOo/edit ) where they will use the existing VC’s on the team to vet projects, but ultimately, let the token holders decide whether to invest, and if so, is it going to be a syndication offering or have it part of a future fund, fund 2.
Reason 3 - With other syndication projects, the token holders are playing a cut-throat game of silence, because they don’t want to publicly show interest in projects that interest them, so more allocations are available to them when it comes time to contribute. However, Stacker aims to flip this on its head, because if there is no collaboration or interest shown from token holders, then the deal is not accepted. This forces users to switch from a competitive mindset, to a collaborative one otherwise known within crypto as We Are Gonna Make It (WAGMI).
Watchlist - Universe XYZ $XYZ
NFT marketplace
Preamble - OpenSea has had some bad press recently, combined with them saying at one point they will not release a token and go the IPO route made the NFT community mad and start to look for alternatives marketplaces.
Reason 1 - Based on the released info so far, Universe XYZ's plan is to create the perfect fusion between twitter and an NFT marketplace. Where buyers can interact with the sellers. This should really be interesting as buyers haggle each other for deals.
Reason 2 - They released a NFT collection called Polymorphs, which were a regarded as a failure. The money raised stays in the XYZ DAO, which is atypical of NFT fundraising. Recently one of the cofounders has stated that they have shipped xyz. Meaning that the platform should be in the audit phase right now and presumably launching soon.
Reason 3 - We dont normally use seed investors as a part of fundamental research, but when you have Kain from Synthetix, Stani from AAVE and Robert Leshner from Compound all involved in the seed round, I dont think we can ignore those 3 titans of DeFi all backing this project.
NFT marketplace
Preamble - OpenSea has had some bad press recently, combined with them saying at one point they will not release a token and go the IPO route made the NFT community mad and start to look for alternatives marketplaces.
Reason 1 - Based on the released info so far, Universe XYZ's plan is to create the perfect fusion between twitter and an NFT marketplace. Where buyers can interact with the sellers. This should really be interesting as buyers haggle each other for deals.
Reason 2 - They released a NFT collection called Polymorphs, which were a regarded as a failure. The money raised stays in the XYZ DAO, which is atypical of NFT fundraising. Recently one of the cofounders has stated that they have shipped xyz. Meaning that the platform should be in the audit phase right now and presumably launching soon.
Reason 3 - We dont normally use seed investors as a part of fundamental research, but when you have Kain from Synthetix, Stani from AAVE and Robert Leshner from Compound all involved in the seed round, I dont think we can ignore those 3 titans of DeFi all backing this project.
Watchlist - Carbon $SWTH
Cosmos Dex, Futures, Pepetuals, Money Market
Preamble - Terra's UST was the defacto standard of stablecoins across the Cosmos ecosystem and Terra's Anchor was the defacto standard for money markets (lending). Since Terra's collapse, the Cosmos ecosystem was relatively turned off by crypto-backed stablecoins and reverted to fiat backed, such as USDT and USDC.
Reason 1 - Last month Kujira mentioned they were going to make their own Cosmos stablecoin and overnight sentiment within Cosmos shifted from being anti-crypto-backed stablecoins to being something they were excited about. This is good news for Carbon as they have been working on their own stablecoin which is slated to be released before the end of 2022.
Reason 2 - Above, I mentioned the stablecoin, but Carbon is also building a money market (lending protocol), options and perpetuals within their ecosystem.
Reason 3 - Carbon has yet to find product market fit with their Dex & Futures platform, but they continue to keep building new products until they do. We believe that if they can get a meaningful amount of adoption of the stablecoin ($4-8m), it should be able to sufficiently jumpstart their money market to be competitive against the existing money market incumbents on Cosmos.
Quick stats of how far along these new features are, data provided by https://carbon.network/roadmap
-Pepetuals, 90%
-Money Market, 70%
-Stablecoin, 40%
-Options, 5%
Cons - This team prior to pivoting off of Neo 2 years ago, had a mediocore atomic dex, that never really gained any meaningful usage and after the pivot to being a Cosmos chain still doesnt today. From my research, the general Cosmos community has no idea that Carbon exists, so its going to be tough to get Carbon in front of the community and convince them to use one or more of the Carbon products within its ecosystem.
Cosmos Dex, Futures, Pepetuals, Money Market
Preamble - Terra's UST was the defacto standard of stablecoins across the Cosmos ecosystem and Terra's Anchor was the defacto standard for money markets (lending). Since Terra's collapse, the Cosmos ecosystem was relatively turned off by crypto-backed stablecoins and reverted to fiat backed, such as USDT and USDC.
Reason 1 - Last month Kujira mentioned they were going to make their own Cosmos stablecoin and overnight sentiment within Cosmos shifted from being anti-crypto-backed stablecoins to being something they were excited about. This is good news for Carbon as they have been working on their own stablecoin which is slated to be released before the end of 2022.
Reason 2 - Above, I mentioned the stablecoin, but Carbon is also building a money market (lending protocol), options and perpetuals within their ecosystem.
Reason 3 - Carbon has yet to find product market fit with their Dex & Futures platform, but they continue to keep building new products until they do. We believe that if they can get a meaningful amount of adoption of the stablecoin ($4-8m), it should be able to sufficiently jumpstart their money market to be competitive against the existing money market incumbents on Cosmos.
Quick stats of how far along these new features are, data provided by https://carbon.network/roadmap
-Pepetuals, 90%
-Money Market, 70%
-Stablecoin, 40%
-Options, 5%
Cons - This team prior to pivoting off of Neo 2 years ago, had a mediocore atomic dex, that never really gained any meaningful usage and after the pivot to being a Cosmos chain still doesnt today. From my research, the general Cosmos community has no idea that Carbon exists, so its going to be tough to get Carbon in front of the community and convince them to use one or more of the Carbon products within its ecosystem.