Capital Inflows 🟦 when the cost basis of the 1w-1m holders trades above the 1m-3m cost basis. This underscores a positive momentum in demand, and, attracting new capital into the market.
Capital Outflows 🟪 when the cost basis of the 1w-1m holders plunges below the 1m-3m cost basis. This structure signals a diminishing momentum in the demand side, and a net capital outflow from the asset.
During previous bull markets, a negative capital flow structure has occurred up to five times. We can also see that this structure has been in play since May and into early June.
Capital Outflows 🟪 when the cost basis of the 1w-1m holders plunges below the 1m-3m cost basis. This structure signals a diminishing momentum in the demand side, and a net capital outflow from the asset.
During previous bull markets, a negative capital flow structure has occurred up to five times. We can also see that this structure has been in play since May and into early June.
📊The NFP report will define the XAUUSD trend
After the sharp rise on Wednesday, the gold (XAU) price declined by 0.03% on Thursday and consolidated within the $2,350–$2,360 range.
👉 Possible effects for traders
Traders are eagerly awaiting the release of the U.S. Nonfarm Payroll report today at 12:30 p.m. UTC, which will be a key factor in the Federal Reserve (Fed) decision regarding potential interest rate cuts. U.S. economic data over the past couple of weeks have significantly increased hopes for a rate reduction as early as September, and many investors expect today's report to support this outlook. Based on these anticipations, XAUUSD started to move upwards confidently. Gold has been rising throughout the week, benefiting from weak U.S. macroeconomic data. If today's employment data confirms a slowdown in the U.S. economy, expectations for a rate cut in September could exceed 80%, potentially pushing the price of gold towards $2,400. Currently, traders are pricing in about a 73% chance of a rate cut in September, according to the CME FedWatch Tool.
XAUUSD is consolidating and seems ready to rise. The pair may break above $2,400 and possibly rise towards $2,450. However, according to the minutes of the last Fed meeting, officials decided to avoid premature conclusions and seek more data. Additional bullish impetus for gold could come from geopolitical risks, particularly the situation in the Middle East. The conflict between Israel and Hamas has somewhat cooled but is yet to be resolved. As reported by Reuters: ‘Israeli Prime Minister Benjamin Netanyahu told U.S. President Joe Biden on Thursday he has decided to send a delegation to resume stalled negotiations on a hostage release deal with Hamas, their administrations said’.
Today, traders should prepare for increased volatility. The NFP report will come out at 12:30 p.m. UTC and define the XAUUSD trend movement. If the employment data reveals a softening labour market, the pair could rise towards $2,380–$2,390. Otherwise, the price may drop towards the support level of $2,350.
After the sharp rise on Wednesday, the gold (XAU) price declined by 0.03% on Thursday and consolidated within the $2,350–$2,360 range.
👉 Possible effects for traders
Traders are eagerly awaiting the release of the U.S. Nonfarm Payroll report today at 12:30 p.m. UTC, which will be a key factor in the Federal Reserve (Fed) decision regarding potential interest rate cuts. U.S. economic data over the past couple of weeks have significantly increased hopes for a rate reduction as early as September, and many investors expect today's report to support this outlook. Based on these anticipations, XAUUSD started to move upwards confidently. Gold has been rising throughout the week, benefiting from weak U.S. macroeconomic data. If today's employment data confirms a slowdown in the U.S. economy, expectations for a rate cut in September could exceed 80%, potentially pushing the price of gold towards $2,400. Currently, traders are pricing in about a 73% chance of a rate cut in September, according to the CME FedWatch Tool.
XAUUSD is consolidating and seems ready to rise. The pair may break above $2,400 and possibly rise towards $2,450. However, according to the minutes of the last Fed meeting, officials decided to avoid premature conclusions and seek more data. Additional bullish impetus for gold could come from geopolitical risks, particularly the situation in the Middle East. The conflict between Israel and Hamas has somewhat cooled but is yet to be resolved. As reported by Reuters: ‘Israeli Prime Minister Benjamin Netanyahu told U.S. President Joe Biden on Thursday he has decided to send a delegation to resume stalled negotiations on a hostage release deal with Hamas, their administrations said’.
Today, traders should prepare for increased volatility. The NFP report will come out at 12:30 p.m. UTC and define the XAUUSD trend movement. If the employment data reveals a softening labour market, the pair could rise towards $2,380–$2,390. Otherwise, the price may drop towards the support level of $2,350.
HAPPY WEEKEND EVERYONE ⛅️
Believe it or not, forex will provide you with unimaginable opportunities if and when you get it right 💸
These are the types of posts the majority obsess over, now that I’ve got your attention, if you are still struggling, lacking motivation and questioning the industry
Just know that anybody can do it, it is possible and it is real. Keep going, put your head down and focus because your breakthrough is around the corner.
Remember, everybody’s learning curve is different. What I can tell you though, is finding a mentor will definitely shorten it 🔌
For those still struggling, just show up on a daily basis, put in the work and it WILL PAY OFF 💎
I will do my best to help and guide you guys to grow in this industry. So take this chance, stick close to me, and follow my instructions correctly.
“Same mission, different approach”
See you next week guys, we’ll gain our profit and minimise our lose, enjoy your weekend fam
Believe it or not, forex will provide you with unimaginable opportunities if and when you get it right 💸
These are the types of posts the majority obsess over, now that I’ve got your attention, if you are still struggling, lacking motivation and questioning the industry
Just know that anybody can do it, it is possible and it is real. Keep going, put your head down and focus because your breakthrough is around the corner.
Remember, everybody’s learning curve is different. What I can tell you though, is finding a mentor will definitely shorten it 🔌
For those still struggling, just show up on a daily basis, put in the work and it WILL PAY OFF 💎
I will do my best to help and guide you guys to grow in this industry. So take this chance, stick close to me, and follow my instructions correctly.
“Same mission, different approach”
See you next week guys, we’ll gain our profit and minimise our lose, enjoy your weekend fam
XAUUSD, 15-minute timeframe chart
XAUUSD formed a bullish Three White Soldiers pattern
👉 General outlook
XAUUSD has been trading in a bearish trend within the last day. Now, the price displays a bullish Three White Soldiers pattern.
👉 Possible scenario
The best way to use this opportunity is to place a Buy order at 2,330.00.
Set your stop loss at 2,322.00 below the previous low ($8.00 loss for 0.01 lot) and take profit at 2,338.00 ($8.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
XAUUSD formed a bullish Three White Soldiers pattern
👉 General outlook
XAUUSD has been trading in a bearish trend within the last day. Now, the price displays a bullish Three White Soldiers pattern.
👉 Possible scenario
The best way to use this opportunity is to place a Buy order at 2,330.00.
Set your stop loss at 2,322.00 below the previous low ($8.00 loss for 0.01 lot) and take profit at 2,338.00 ($8.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
#BTC kept on moving nearby its resistance area and made a small range. Nothing much happening and just couple of news, moving market back and forth.
Here's the Analysis of #JTO :
#JTO is been consolidating and wicking too, lying on the support zone of $3.68 - $3.74. Price is been very corrective while reaching the support area, where a bounce can expected from there with the trendline confluence. Take the risk accordingly with proper risk management.
#JTO is been consolidating and wicking too, lying on the support zone of $3.68 - $3.74. Price is been very corrective while reaching the support area, where a bounce can expected from there with the trendline confluence. Take the risk accordingly with proper risk management.
#SEI looks like its trying to break of the channel pattern and still holding the bullish market structure. Not a good reason for going into shorts, the final support is at $0.34, which is also a flip area.
The market conditions seen in Q2-Q3 2021, a much more significant Short-Term Holders experienced a much more significant duration of 70 consecutive days in acute financial stress. That period of time was severe enough to break investor sentiment, and gave way to the destructive 2022 bear market. By comparison, this cycle has been relatively forging for the time being.
What Is Simple Ledger Protocol (SLP) on Bitcoin Cash?
Simple Ledger Protocol (SLP) is a token system that works on top of Bitcoin Cash. It allows users to create their own tokens to represent anything they can dream of - coupon codes, loyalty points, concert tickets, and more. SLP tokens can be sent and received just like regular BCH, and they can even be spent at places that accept them.
How Does SLP Work?
SLP tokens are created by attaching little bits of information to Bitcoin Cash transactions using something called OP_RETURN. This information allows wallets to keep track of tokens and verify that they are legitimate. SLP tokens benefit from the security of the Bitcoin Cash blockchain, which makes them more secure than other token systems that require their own blockchain.
What Can I Use SLP Tokens for?
SLP tokens can be used for all kinds of creative things. Some examples include:
Loyalty points to reward your best customers
Money in an online game world
Custom tickets for your band's next show
Wallets like Badger make it easy to manage your tokens. As more people start using SLP, we're sure to see more new ideas sprouting up.
Which Wallets Support SLP Tokens?
Most wallets built for Bitcoin Cash now support SLP tokens in some form. Popular choices include Badger, Electron Cash SLP edition and Bitcoin.com wallet. Each one works a little differently, so do some research to find one that suits your needs.
How Do I Create My Own Custom Tokens?
Creating SLP tokens requires some technical knowledge and expertise, but it's easier than some other token systems. Here are the basic steps:
-> Come up with a name and symbol for your token.
-> Generate a new token ID to identify it.
-> Decide how many tokens you want to make.
Mint your tokens and send them out into the world using your wallet.
What Information Is Stored in SLP Tokens?
When you make an SLP token, information like the name, number of decimals and other details get baked right in. This helps wallets know the token is legit and figure out just what it is. The SLP rules say this data has to be formatted a certain way or it won't work right. Having it standardized makes the system run smoother.
Are SLP Tokens Safe from Theft and Such?
While SLP tokens benefit from the security of the Bitcoin Cash blockchain, they are not as secure as Bitcoin Cash itself because they are not the primary focus of the network's security. Developers keep working to improve security, but caution is wise when dealing with new technology like this. As with anything valuable, be smart and protect your tokens.
Simple Ledger Protocol (SLP) is a token system that works on top of Bitcoin Cash. It allows users to create their own tokens to represent anything they can dream of - coupon codes, loyalty points, concert tickets, and more. SLP tokens can be sent and received just like regular BCH, and they can even be spent at places that accept them.
How Does SLP Work?
SLP tokens are created by attaching little bits of information to Bitcoin Cash transactions using something called OP_RETURN. This information allows wallets to keep track of tokens and verify that they are legitimate. SLP tokens benefit from the security of the Bitcoin Cash blockchain, which makes them more secure than other token systems that require their own blockchain.
What Can I Use SLP Tokens for?
SLP tokens can be used for all kinds of creative things. Some examples include:
Loyalty points to reward your best customers
Money in an online game world
Custom tickets for your band's next show
Wallets like Badger make it easy to manage your tokens. As more people start using SLP, we're sure to see more new ideas sprouting up.
Which Wallets Support SLP Tokens?
Most wallets built for Bitcoin Cash now support SLP tokens in some form. Popular choices include Badger, Electron Cash SLP edition and Bitcoin.com wallet. Each one works a little differently, so do some research to find one that suits your needs.
How Do I Create My Own Custom Tokens?
Creating SLP tokens requires some technical knowledge and expertise, but it's easier than some other token systems. Here are the basic steps:
-> Come up with a name and symbol for your token.
-> Generate a new token ID to identify it.
-> Decide how many tokens you want to make.
Mint your tokens and send them out into the world using your wallet.
What Information Is Stored in SLP Tokens?
When you make an SLP token, information like the name, number of decimals and other details get baked right in. This helps wallets know the token is legit and figure out just what it is. The SLP rules say this data has to be formatted a certain way or it won't work right. Having it standardized makes the system run smoother.
Are SLP Tokens Safe from Theft and Such?
While SLP tokens benefit from the security of the Bitcoin Cash blockchain, they are not as secure as Bitcoin Cash itself because they are not the primary focus of the network's security. Developers keep working to improve security, but caution is wise when dealing with new technology like this. As with anything valuable, be smart and protect your tokens.
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EURUSD, 15-minute timeframe chart
EURUSD retested the resistance level of 1.10470
👉General outlook
EURUSD has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 1.10470.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 1.10460.
Set your stop loss at 1.10630 above the previous high ($1.5 loss for 0.01 lot) and take profit at 1.10285 ($1.5 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.03.
The upcoming news will not influence your orders within the mentioned period.
EURUSD retested the resistance level of 1.10470
👉General outlook
EURUSD has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 1.10470.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 1.10460.
Set your stop loss at 1.10630 above the previous high ($1.5 loss for 0.01 lot) and take profit at 1.10285 ($1.5 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.03.
The upcoming news will not influence your orders within the mentioned period.
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Automate with Ease : The Power of Smart Contracts.
Smart contracts are revolutionary tools in the world of blockchain, serving as self-executing contracts with terms written directly into code, automating enforcement and execution when conditions are met.
They're like digital rules engines that ensure agreements are kept, without needing intermediaries.
A simple example, imagine a smart contract that automatically releases payment to a freelancer once their work is approved by a client. No need for lawyers or paperwork - just efficient, secure, and transparent execution!
Smart contracts are revolutionary tools in the world of blockchain, serving as self-executing contracts with terms written directly into code, automating enforcement and execution when conditions are met.
They're like digital rules engines that ensure agreements are kept, without needing intermediaries.
A simple example, imagine a smart contract that automatically releases payment to a freelancer once their work is approved by a client. No need for lawyers or paperwork - just efficient, secure, and transparent execution!
XAUUSD, 30-minute timeframe chart
XAUUSD pulled back from the resistance level of 2,425.40
👉Level explanation
XAUUSD has been trading in a bullish trend within the last day. The pair moved up to the resistance level of 2,425.40.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 2,419.20.
Set your stop loss at 2,432.44 above the previous high ($13.24 loss for 0.01 lot) and take profit at 2,405.92 ($13.24 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
XAUUSD pulled back from the resistance level of 2,425.40
👉Level explanation
XAUUSD has been trading in a bullish trend within the last day. The pair moved up to the resistance level of 2,425.40.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 2,419.20.
Set your stop loss at 2,432.44 above the previous high ($13.24 loss for 0.01 lot) and take profit at 2,405.92 ($13.24 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
How 5G Network Can Revolutionize the Crypto Industry (Part 1)
5G represents the fifth generation of mobile networks, succeeding 1G, 2G, 3G, and 4G. It introduces a new global wireless standard aimed at connecting virtually everyone and everything, including machines, objects, and devices.
5G technology is designed to offer higher multi-Gbps peak data speeds, ultra-low latency, greater reliability, massive network capacity, increased availability, and a more consistent user experience. Its superior performance and efficiency enable new user experiences and facilitate the connection of new industries.
5G technology boasts a theoretical peak speed of 20 Gbps, significantly surpassing 4G's peak of 1 Gbps. It also offers lower latency, enhancing the performance of business applications and digital experiences such as online gaming, videoconferencing, and autonomous vehicles.
5G represents the fifth generation of mobile networks, succeeding 1G, 2G, 3G, and 4G. It introduces a new global wireless standard aimed at connecting virtually everyone and everything, including machines, objects, and devices.
5G technology is designed to offer higher multi-Gbps peak data speeds, ultra-low latency, greater reliability, massive network capacity, increased availability, and a more consistent user experience. Its superior performance and efficiency enable new user experiences and facilitate the connection of new industries.
5G technology boasts a theoretical peak speed of 20 Gbps, significantly surpassing 4G's peak of 1 Gbps. It also offers lower latency, enhancing the performance of business applications and digital experiences such as online gaming, videoconferencing, and autonomous vehicles.
Where to store large amounts of crypto
If you have accumulated a significant amount of cryptocurrencies (congratulations), you should strongly consider storing your coins in a hardware wallet.
However, sometimes, there is a problem: There are coins that are not supported by any existing cold storage. At the same time, storing coins on an exchange, as you know, is not recommended.
So, what should you do in such a situation?
If the amount is substantial and you don’t want to store it in a regular software non-custodial wallet on your PC or smartphone, do this: Get a separate laptop exclusively for storing coins.
Don’t use it for surfing the internet at all—just install the necessary blockchain wallets and open it strictly when you need to make a transaction with coins.
Thus, in a sense, your computer is a “semi-cold” vault.
If you have accumulated a significant amount of cryptocurrencies (congratulations), you should strongly consider storing your coins in a hardware wallet.
However, sometimes, there is a problem: There are coins that are not supported by any existing cold storage. At the same time, storing coins on an exchange, as you know, is not recommended.
So, what should you do in such a situation?
If the amount is substantial and you don’t want to store it in a regular software non-custodial wallet on your PC or smartphone, do this: Get a separate laptop exclusively for storing coins.
Don’t use it for surfing the internet at all—just install the necessary blockchain wallets and open it strictly when you need to make a transaction with coins.
Thus, in a sense, your computer is a “semi-cold” vault.
Bitcoin's Coinbase premium hit a 39-day high as the price reclaimed $63K. The Coinbase Premium Index, which measures the gap between $BTC prices on Coinbase Pro vs Binance, reached 0.0114 - its highest since July 15. This suggests increased US investor demand.
The surge in demand followed Fed Chair Jerome Powell's speech at Jackson Hole, where he indicated that interest rate cuts were likely, though no specific timeline was given.
Do you think $BTC will surge further this coming week?
👍 Yes
👎 No
The surge in demand followed Fed Chair Jerome Powell's speech at Jackson Hole, where he indicated that interest rate cuts were likely, though no specific timeline was given.
Do you think $BTC will surge further this coming week?
👍 Yes
👎 No
What is Snapshot ?
Traditionally, the term snapshot refers to the ability to record the state of a computer system or storage device at a specific point in time. In cryptocurrencies, a snapshot is often describing the act of recording the state of a blockchain on a particular block height. In this case, the snapshot records the contents of the entire blockchain ledger, which includes all existing addresses and their associated data (transactions, fees, balance, metadata, and so on).
Snapshots are commonly used during airdrops events before each round takes place. During an airdrop, tokens are distributed based on the balance of each blockchain address. In this case, snapshots are taken to record the balance of each token holder, at a specific point in time (i.e., block height). In most cases, users can move their funds after the snapshot is taken, without compromising their eligibility to participate in that round of distribution.
Snapshots are also important during blockchain hard forks, as they mark the block height in which the main chain will be recorded before giving birth to the new chain. For instance, when the Bitcoin Cash hard fork took place (on August 1st, 2017), every blockchain address that had Bitcoins at block 478,558, had the balance copied on the Bitcoin Cash blockchain. The reason for that is because both blockchains share the same historical data prior to the fork. As soon as the split is done, each blockchain network will operate independently.
Traditionally, the term snapshot refers to the ability to record the state of a computer system or storage device at a specific point in time. In cryptocurrencies, a snapshot is often describing the act of recording the state of a blockchain on a particular block height. In this case, the snapshot records the contents of the entire blockchain ledger, which includes all existing addresses and their associated data (transactions, fees, balance, metadata, and so on).
Snapshots are commonly used during airdrops events before each round takes place. During an airdrop, tokens are distributed based on the balance of each blockchain address. In this case, snapshots are taken to record the balance of each token holder, at a specific point in time (i.e., block height). In most cases, users can move their funds after the snapshot is taken, without compromising their eligibility to participate in that round of distribution.
Snapshots are also important during blockchain hard forks, as they mark the block height in which the main chain will be recorded before giving birth to the new chain. For instance, when the Bitcoin Cash hard fork took place (on August 1st, 2017), every blockchain address that had Bitcoins at block 478,558, had the balance copied on the Bitcoin Cash blockchain. The reason for that is because both blockchains share the same historical data prior to the fork. As soon as the split is done, each blockchain network will operate independently.
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