​​#BTC weekly update

Last week was the first weekly candle that opened and closed fully above the Major Horizontal Resistance

📈This week we are going even higher and I believe the macro target (1.618 Fib extension) will be hit

We are currently above the last of those relatively high volume nodes on VPVR. There is nothing above

@CryptoWorldTina

​​#OMG

Another good coin is OMG, which was mentioned earlier today. Already made 37% since yesterday's reversal. Huge volume indicate it have reached the top and will pullback now (more or less depends on market and BTC)

@CryptoWorldTina

​​If you don’t have a system in place which you follow to enter every trade then you’re in a worse off position than you believe.

A system allows you to determine easily what a “good” trade is and whether it is worth executing.

This will ultimately increase your win rate as you won’t be placing trades based on emotion, just pure analysis and a set of rules...

@CryptWorldTina #education #tradingsystems

​​4 Reasons Why Bitcoin’s Price Hike Beats Every Other Asset Class - Report

With the price of bitcoin (BTC) rising by more than 71% (Tuesday 14:00 UTC) since the beginning of this year, a recent analysis points to four factors which have allowed the cryptocurrency to generate a return that beats out every other asset class' performance.

The primary drivers that have pushed up the price of bitcoin can be summed up in the following manner, according to the analysis by crypto resource news site Bitrawr:

1. Money Printer Go Brrrr
During the previous global crisis that started in 2008, the U.S. Federal Reserve launched a scheme called Quantitative Easing under which it injected some USD 3.9 trillion in the U.S. economy until October 2014.

The “QE policies launched in the wake of the COVID crises are more significant in both scale and scope when compared to the previous rounds,” the analysis stated, adding that this time, the Fed has vowed to inject virtually unlimited funds to kickstart the economy, and move its focus away from Treasury bonds.

Learn more:
Fiat Money Printer 'Goes BRRR,' Is It a Time To Sell All Cash For Bitcoin?
How BRRRing Money Printers Today Might Lead to Higher Taxes Tomorrow

2. Citizens in Emerging Markets Are Fleeing Failing Fiat
The U.S. dollar continues to serve as the dominant currency of the global trade, but many local currencies worldwide are increasingly seen by their countries’ populations as unsafe and wobbly assets, encouraging a move toward crypto. This is particularly observed in countries such as Venezuela and Zimbabwe where hyperinflation is devouring citizens’ savings.

Learn more:
Argentina, Venezuela Seek Crypto-powered Solution to Economic Despair
Washington Warned: Launch Digital Fiat or Say Goodbye to USD Dominance

3. Bitcoin’s Institutional Adoption is Rising, Even Amongst Ex-Haters
Institutional investors are rapidly changing their approach to crypto, as exemplified by the recently revealed list of 20 financial industry players that invested in the Grayscale Bitcoin Trust (GBTC). These include some of the leading mutual funds such as Boston Private Wealth, Ark Investment Management, and Horizon Kinetics, which have more than USD 23bn in aggregate funds.

Learn more:
These Two Institutional Investors Allocated At Least 1% To Bitcoin
Institutional Investors Set for Herd-like Move to BTC, Says Kraken CEO

4. Bitcoin Mining Economics Are Pushing The Network to Efficiency
Bitcoin mining is designed in a way which pushes out inefficient miners, driving the system towards more efficiency and cheap electricity, “constantly adjusting in order to make sure that the network is producing a new block every 10 minutes,” according to the analysis.

“Currently, the entire Bitcoin network is performing 100 exahashes a second, which translates to 1020 hashes, or ‘guesses’, each second,” the analysis stated. "The fact that Bitcoin’s hash rate is so gigantic is not a mathematical curiosity, it is an essential component of the network’s security. To date, the world’s most powerful supercomputer is the Japanese Fugaku, with more than 7 million cores, and a power of 415.53 petaflops. Comparatively, the entire Bitcoin network is 194 thousand times more powerful than Fugaku."

@CryptoWorldTina

​​Additional NEAR Protocol sale has begun on CoinList.
A number of users will be able to buy up to 3000 tokens (guaranteed allocation) with linear unlocking for 1 or 2 years at $ 0.34 or $ 0.29, respectively.

@CryptoWorldTina

​​APPC is printing our lovely pattern

Looks like a decent accumulation. Takeoff should follow

@CryptoWorldTina

​​BTC DOMINANCE UPDATE 📈

Well, the value can declined from the 62 to 60 points, but bounced from the second (psychological) level. It can now retest the resistance of 62 points and continue the decline. Just a healthy correction.

@CryptoWorldTina

​​ETH UPDATE 📈

The price has went below the 415$ level and taking hold there. Situation the same as we have on $BTC chart - we expect a little decline there. The first stop is $400.

@CryptoWorldTina

​​GOLD tested the breakout support - rebuying BTC now

stop if close 4hr below 11500

@CryptoWorldTina

​​#NWC - Buying Here

After a sharp growth, the coin has been consolidating near the 1610 sats level, formed a bullish flag and currently re-testing its upper level.

No doubts, it looks extremely bullish here and the growth will continue. The project has reached a deal with Google Pay to also enable direct token payment which has really increased the demand in the last days

@CryptoWorldTina

​​#ETH 📈

Ethereum chart update. Nice falling channel, but so far without any noticeable volume. Without volume no serious move can happen. Unless it breaks ~34900 resistance, fall may continue to ~34000 - 335000 support. But if breakout, resistance at 355 is very strong, so don't expect it to grow much in any case.

@CryptoWorldTina

​​#SXP Very Big News

@CryptoWorldTina

​​Buying $AION here. It always pump with $ICX

@CryptoWorldTina

​​BTC UPDATE

Bullish volumes are very weak at the moment. We can see an upward spike to $12100 - $12200, but with high probability it will be only a fakeout. Priority remains bearish.

@CryptoWorldTina

​​Roger Ver To Disenchanted BCH Faction: Switch To DASH

Tech entrepreneur Roger Ver, whose activism in the cryptoverse has earned him the nickname Bitcoin Jesus, has stirred controversy by calling on the disillusioned Bitcoin Cash (BCH) faction to shift their efforts to altcoin DASH.

With BCH’s Infrastructure Funding Plan (IFP) slated to redirect funding from miners to developers, Ver might lead an exodus of community members to voice opposition to these plans.

“There is already a peer to peer electronic cash cash coin with IFP. It’s called DASH. I suggest IFP supporters sell their BCH for DASH, and start working on that chain,” Ver wrote in a recent post on Reddit.

The move follows a proposal made by Jiang Zhuoer, CEO of Bitcoin mining pool and mining services provider BTC.TOP, who had published an intention to direct 12.5% of BCH coinbase rewards to a fund that will support Bitcoin Cash infrastructure under a six-month donation plan. This would redirect BCH 20,588 (USD 7 million) towards BCH ecosystem development.

Ver’s suggestion has earned him some kudos, with user 'thedesertlynx', for example, stating that it was also what they have “been suggesting since 2016 when dev funding/takeover issues caused BTC to shift. If IFP supporters do want something with a built-in funding mechanism, then sure, look into DASH.”

This said, DASH might not be the perfect investment for those community members who seek regular guaranteed funding, according to the Reddit user. "DASH devs have to justify their positions to the network EVERY MONTH or lose funding. There's no guarantee," they write, adding: "And, controversial dev decisions are subject to a vote, and if they lose then it doesn't happen. If IFP devs want guaranteed funding regardless of performance or consensus, DASH may be the wrong place to look,” the user wrote.

Some other users were less inclined to follow Ver’s advice, accusing him of promoting an exit towards DASH with little more than his own agenda in mind.

“Remember when Roger was bragging about how BCH had multiple developers and everyone was wanting to work on the 'real' Bitcoin? Remember when Roger supported the mining tax so it would reduce his mining costs?”, user 'BITCOIN4L4f3' wrote.

The latest development follows rumours of another hard fork after 2018’s emergence of Bitcoin cash ABC and Bitcoin SV (BSV). It is noteworthy that BCH itself is the result of a Bitcoin (BTC) hard fork from 2017.

At the time of writing (13:40), BCH is trading at USD 292. It dropped nearly 1.5% in a day, and appreciated nearly 4.4% in a week.

​​NAV has been in an accumulation at the bottom for over a year

Now the price is consolidating above key MAs (EMA200 & MA200) & the mid line of the channel = good support cluster

Break out targets on the chart

@CryptoWorldTina

​​YAM Will Never 'Become Money', YFI Exceeds Bitcoin Price

Despite branding itself as money, the much-discussed and recently troubled decentralized finance (DeFi) token YAM will never achieve this, and real utility for the token must be found to keep the bubble from popping, popular crypto researcher Hasu said. Meanwhile, DeFi token YFI became the first altcoin to ever exceed the price of bitcoin (BTC).

According to a new blog post written by Hasu for crypto derivatives exchange Deribit, YAM most closely resembles what he calls a “Nakamoto Scheme with additional bells and whistles,” and it essentially is a bubble that can either stabilize or pop, depending on what utility, if any, users can get from holding the token.

Nakamoto Scheme is a term coined by Preston Byrne during the bitcoin bull market in 2017 to explain a type of investment scheme where early investors benefit the continued entry of late adopters, but where the decentralized structure of the scheme sets it apart from traditional Ponzi and pyramid schemes.

“To escape the pop, YAM has to find a reason for people to never sell but instead hold it for its utility, and not merely the hope of future price appreciation,” Hasu wrote in the blog post, while adding that YAM’s “flawed design” will prevent the token “from ever becoming money.”

And although it is clear that Hasu is not particularly optimistic about the future of the project, he did say that one alternative for the project to become viable again is if the community can “grow the protocol into something else entirely.”

“It’s not impossible, given the system’s treasury system and community’s ability to shape it via governance. But it’s not likely either,” the popular researcher concluded his piece by saying.

As of press time today (12:46 UTC), YAM was up by nearly 43% over the past 24 hours to trade at a price of USD 1.15 per token. The gain today comes after a near-complete collapse of the token’s value last week, bringing the price from a high of more than USD 92 and down to just over USD 1 between August 12 and 13.

Meanwhile, another and more successful DeFi project, namely Yearn finance and its YFI token, continued its rise higher in the market today, after already seeing gains of more than 120% over the past 7 days.

@CryptoWorldTina

​​Bitcoin market cap in context 📊

@CryptoWorldTina

​​#EOS UPDATE

The price has perfectly tested the trend line, as long as it stays above this line, the priority is upwards. The first target is 2940 sats, the second is 3225 sats.

@CryptoWorldTina

​​$ALGO weekly is bullish AF

@CryptoWorldTina