Author: dfmines

Guy Oseary has signed on to represent Yuga Labs in the entertainment sector, with the bored Ape Yacht Club NFT project slated to expand into music, gaming, tv and film.

submitted by /u/Funkoma [link] [comments]

Bitcoin started a downside correction from the $57,800 zone against the US Dollar. BTC must stay above the 100 hourly SMA to start a fresh increase in the near term. Bitcoin corrected lower below the $57,000 pivot level. The price is now trading above $56,000 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $55,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it clears the $57,000 resistance zone. Bitcoin Price Remains Supported Bitcoin price extended its increase above the $57,000 pivot level. BTC even broke the $57,500 level and settled above the 100 hourly simple moving average. However, the price struggled to extend gains above the $58,000 level. It traded as high as $57,837 and recently corrected lower. There was a break below the $57,000 level. The price even spiked below the $56,000 level and the 100 hourly SMA. Bitcoin found support near $54,019 and recently started an upward move. It climbed above the $55,000 level. There was a break above the 50% Fib retracement level of the recent decline from the $57,837 swing high to $54,019 low. It is now trading above $56,000 and the 100 hourly simple moving average. There is also a major bullish trend line forming with support near $55,200 on the hourly chart of the BTC/USD pair. On the upside, the bulls are facing resistance is near the $56,350 level. It is near the 61.8% Fib retracement level of the recent decline from the $57,837 swing high to $54,019 low. The first key resistance is near the $57,000 level and a connecting bearish trend line on the same chart. Source: BTCUSD on TradingView.com A clear break above the $57,000 resistance could open the doors for a fresh increase. The next major resistance sits near the $58,000 level. Dips Supported In BTC? If bitcoin fails to clear the $57,000 resistance zone, it could again correct lower. An immediate support on the downside is near the $56,000 level. The first major support is now forming near the $55,900 level and the 100 hourly SMA. A downside break below the 100 hourly SMA might push the price towards the $54,000 support zone in the near term. Technical indicators: Hourly MACD – The MACD is slowly gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $56,000, followed by $55,900. Major Resistance Levels – $56,350, $57,000 and $58,000.

submitted by /u/TheSaih [link] [comments]

I Understand the reasoning behind diversification, but I don’t want to have my money spread thin on a bunch of what if’s. I truly bet ETHEREUM is going to make a solid climb in the next 6-12 months and be 5-6x the price in 5 years, it has so much potential and utility and I…
Read more

I’m looking to buy more ETH but it seems we are on a recent uptrend (possibly approaching another ATH). Would I be better off DCAing or waiting for another pull back? submitted by /u/SJGekko [link] [comments]

Regulatory uncertainty could be the cause for yet more delays in the approval of long-awaited Bitcoin exchange-traded products.

Crypto exchange Binance has launched a $1 billion fund which it calls “the biggest funding program of its kind in the whole cryptocurrency industry.” The company aims for the fund to “push the adoption” of the Binance Smart Chain and “the whole blockchain industry.” Binance Launches ‘the World’s Largest Crypto Accelerator’ Cryptocurrency exchange Binance announced […]

Seriously, why? submitted by /u/BongsOverBaghdad [link] [comments]

First let me start by saying this is not intended to be FUD but I find it very concerning. Yesterday I made a post which showed an account committing 50 million Algo to the governance. Upon further research this account belongs to the Algorand Foundation. If you look at the algo block explorer, you will…
Read more