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GOLD tested the breakout support - rebuying BTC now
stop if close 4hr below 11500
@CryptoWorldTina
stop if close 4hr below 11500
@CryptoWorldTina
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#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
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
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#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
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
Forwarded from Official VIP Group
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
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
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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.
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.
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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
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
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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
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
Forwarded from Official VIP Group
#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
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
Forwarded from Official VIP Group
Daily Bitcoin chart review 📈
Today Bitcoin close week candle and it doesn't look strong, making next week bearish. At the same time keep in mind that BTC is within a global uptrend, so that potential drop to 9800-9600 is a part of the process you can't ignore or avoid. That is just the way trends grow. Everything else from yesterday's review stay valid, while 11.7 target done
Yesterday post: ... during weekend price will bounce to ~11700. If get stopped there, continue falling to 11.1k. If get through, then pump back to 12-12.1k. Keep in mind CME closed at 11600 so that will be a target for Monday.
4H: EMA21 at 11691 and EMA89 at 11677 act as dynamic resistance .
11690 11900 - 12150 - 12300
11500 - 11340 - 11100 - 10500
Fear & Greed index: 76 (<= 78 <= 81 <= 75)
BTC Dominance: 59.3% (<= 59.5 <= 58.8 <= 59.4)
24h Volume: $80 billion (<= 110 <= 97 <= 96)
@CryptoWorldTina
Today Bitcoin close week candle and it doesn't look strong, making next week bearish. At the same time keep in mind that BTC is within a global uptrend, so that potential drop to 9800-9600 is a part of the process you can't ignore or avoid. That is just the way trends grow. Everything else from yesterday's review stay valid, while 11.7 target done
Yesterday post: ... during weekend price will bounce to ~11700. If get stopped there, continue falling to 11.1k. If get through, then pump back to 12-12.1k. Keep in mind CME closed at 11600 so that will be a target for Monday.
4H: EMA21 at 11691 and EMA89 at 11677 act as dynamic resistance .
11690 11900 - 12150 - 12300
11500 - 11340 - 11100 - 10500
Fear & Greed index: 76 (<= 78 <= 81 <= 75)
BTC Dominance: 59.3% (<= 59.5 <= 58.8 <= 59.4)
24h Volume: $80 billion (<= 110 <= 97 <= 96)
@CryptoWorldTina
Forwarded from Official VIP Group
#TFUEL
Reached two targets, heading to the third one. Printed +18% profit at the moment.
@CryptoWorldTina
Reached two targets, heading to the third one. Printed +18% profit at the moment.
@CryptoWorldTina
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#CHR
Technicals looking damn cool for opening a position in CHR at the moment here is why
- Technicals
• Following the bullish trend line, and sitting at exact support
• Having strong bullish cloud support too
• 4Hr. charts forming a Diamond pattern, which indicates bullish
- 2 buy order setups
• 1st zone: 535 - 565 sats
• 2nd zone: 480 - 500 sats
- Targets will be here below
595 / 623 / 650 / 700 / 770 sats or above
stoploss should be used lower to 8% from buy zone
@CryptoWorldTina
Technicals looking damn cool for opening a position in CHR at the moment here is why
- Technicals
• Following the bullish trend line, and sitting at exact support
• Having strong bullish cloud support too
• 4Hr. charts forming a Diamond pattern, which indicates bullish
- 2 buy order setups
• 1st zone: 535 - 565 sats
• 2nd zone: 480 - 500 sats
- Targets will be here below
595 / 623 / 650 / 700 / 770 sats or above
stoploss should be used lower to 8% from buy zone
@CryptoWorldTina
Forwarded from Official VIP Group
#SAND
Two targets were almost reached here in less than 6 hours of waiting. Printed +16% profit.
@CryptoWorldTina
Two targets were almost reached here in less than 6 hours of waiting. Printed +16% profit.
@CryptoWorldTina
Forwarded from Official VIP Group
No one wants to be 1st, then no one wants to be last. Canadian graphics company SnappaHQ becomes the 3rd mainstream company to ditch dollars for Bitcoin. A trend that will likely accelerate as fiat is printed by the trillion.
@CryptoWorldTina
@CryptoWorldTina
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#BTC #Bitcoin
BTC is officially going lower. Next stop at ~11385 / 11k as per daily review.
Edited: most probably will have another test of ~11550 before further retracement.
@CryptoWorldTina
BTC is officially going lower. Next stop at ~11385 / 11k as per daily review.
Edited: most probably will have another test of ~11550 before further retracement.
@CryptoWorldTina
