Best birthday present ever—Merge!
My birthday is September 15. Converted all my crypto holdings to it today. Excited for the security, sustainability, and scalability implications. 🥳 submitted by /u/minnichn [link] [comments]
My birthday is September 15. Converted all my crypto holdings to it today. Excited for the security, sustainability, and scalability implications. 🥳 submitted by /u/minnichn [link] [comments]
The official will testify before the Senate Committee on Banking on Sept. 15; in a transcript released early, he reiterates the primacy of securities law in crypto regulation.
The protocol’s TVL has plunged from around $200 million in September 2021 to less than $125K.
With the fork of ETH happening in order to continue a Proof of Work version (ETHW), what is happening with the difficulty bomb? Isn't the bomb meant to stop a PoW chain? Are miners simply able to remove the difficulty bomb and fork Ethereum? submitted by /u/HospitableNotepaper [link] [comments]
submitted by /u/SuddenMind [link] [comments]
The Cardano price has been following the general market sentiment and trended to the downside in the last 24 hours. The cryptocurrency is on the verge of implementing a major upgrade via its “Vasil” Hard Fork Combinator (HFC) event, but the current price trend hints at bad news for bullish investors. Related Reading: Here’s Why $80 Billion Was Wiped Off The Crypto Market At the time of writing, the Cardano price trades at $0.47 with a 3% profit over the last seven days. The cryptocurrency lost its position in the top five by market capitalization but has managed to preserve some of the wins for the past few days outperforming Ethereum and others. This Trader Forecasted Bad News For The Cardano Price On low timeframes, the Cardano price was moving sideways over the past few months, coming off from a major downtrend. In early 2022, the cryptocurrency finally broke below the $1 price point which triggered more losses and sent Cardano into its 2020 levels. At that time, the Cardano price moved sideways and experienced a relief rally to $1.20 which was immediately followed by a steeper decline. Legendary trader Peter Brandt believes ADA’s price might be forming a pattern hinting at a similar move. Via his Twitter account, Brandt wrote the following while sharing the image below: This is a fractal chart construction known as a descending triangle. If it continues in the fractal, $ADA should have one more significant decline. “Should,” not “must”. As the image shows, the Cardano price is forming a bottom at around $0.4 with a series of higher lows hinting at a downtrend. If ADA’s price continues to compress into its current levels, the cryptocurrency might break below and re-test the area around $0.35, according to Brandt’s prediction.  What Could Prevent Further Losses For The Cardano Price Data from Material Indicators shows a stack of ask liquidity at around $0.48. This could prevent ADA from breaking about this area, on lower timeframes. In addition, Material Indicators show a spike in selling pressure from retail investors. They have been dumping their ADA on the market as the Cardano price trends to the upside. Fewer “paper hands”, short-term investors, on the market might lead to a long-term bullish trend. On September 22, the Cardano network will undergo its most important update in 2022 and will implement improvements to its scalability, decentralization, and performance, according to its lead developer Input Output Global (IOG). Related Reading: WATCH: Bitcoin Bear Market Corrective Patterns Examined | BTCUSD September 14, 2022 Time will tell if the cryptocurrency completes the descending triangle into new lows, as Brandt predicted, or if the upcoming HFC event will invalidate it. VASIL UPGRADE: DATE CONFIRMED 💪 Following the successful completion & extensive testing of all core components, plus confirmed community readiness, we along with @cardanostiftung can today announce 22nd September for the #Vasil upgrade on the #Cardano mainnet. 🧵$ADA 1/9 — Input Output (@InputOutputHK) September 2, 2022
submitted by /u/paragonofhype [link] [comments]
In this episode of NewsBTC’s daily technical analysis videos, we examine two bear market corrective patterns in Bitcoin price according to Elliott Wave Theory. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): September 14, 2022 After yesterday’s CPI report, Bitcoin is once again on the ropes. At this point, we need to consider the potential of another downside move if support fails. In yesterday’s video, it was mentioned we would be reviewing two potential corrective patterns according to Elliott Wave Theory to provide a bullish and bearish scenario. Related Reading: WATCH: Bitcoin Brutalized After August CPI Data Release | BTCUSD September 13, 2022 The Bullish Scenario For BTCUSD The bullish scenario has the current support level holding. In this case, the pattern would more than likely be a double-three correction, with a zig-zag correction during wave Y. During a complex correction in Elliott Wave, other patterns like flats, triangles, and zig-zags can connect. When drawing such corrections, the larger correction is drawn using WXY, while each sub-correction is labeled with a more familiar ABC. Adding potential credence to this type of correction, price will have found support at precisely the 0.764 Fibonacci level which is a common termination point for certain types of Elliott Wave corrections. Quite the dump the second CPI numbers were released | Source: BTCUSD on TradingView.com The Bearish Breakdown Version In the bearish version, we will have what is more than likely an expanded flat pattern. An expanded flat is a larger ABC pattern, with a five-wave impulse down during wave C. This would give us one more level down to find support much lower. A deeper correction in Elliott Wave can alternatively terminate at the 0.854 Fibonacci. The level is also similar to the 1.414 Fibonacci extension taken from the length of the A wave. The ultimate target would be between $13,500 and $14,800 before a possible reversal. The weekly buy signals are now at risk | Source: BTCUSD on TradingView.com Related Reading: WATCH: Bitcoin Weekly Chart Fires Bottom Signals At Open | BTCUSD September 12, 2022 Why Bitcoin Could Have Another Bull Run Left As long as Bitcoin price doesn’t close a weekly candle below $11,500, according to an Elliott Wave motive wave setup, we should have one more wave up to go. In conclusion, Bitcoin price has a 50/50 chance of correcting further, but a much higher probability of reversing to new highs once the current correction has ended regardless of its termination point. The long term view on Bitcoin remains bullish. Will BTC close above $40K to end the year? | Source: BTCUSD on TradingView.com Learn crypto technical analysis yourself with the NewsBTC Trading Course. Click here to access the free educational program. Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com
submitted by /u/cjdew [link] [comments]
