After scouring Reddit I have decided to write one more post about Sea Tokens Opensea airdrop. Folks this is a confiscated phishing attempt to you get you to connect your crypto wallet to their websites. So far I have found the following fake websites claiming you will get over 500 dollars in free crypto. They…
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Under the proposed bill, companies could apply for an “enforceable compliance agreement” with offices at federal financial agencies that would allow for a regulatory path forward.
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For many Bitcoin investors who lived it, this crypto winter feels more painful than the 2018 bear market, despite making a shallower fall from peak to through. From a monthly momentum perspective, the bearish trend is now the strongest on record. Let’s take a look at what this means and where the market is at by comparison. Log MACD Points To Worst Crypto Winter In History As a speculative asset class, cryptocurrencies are volatile – wildly driven by speculation and polar opposite ends of greed and fear. There is no denying the current market is some of the most fearful since Bitcoin’s inception. It was born in wake of the 2008 financial crisis and the top cryptocurrency is now facing its first potential recession. Related Reading: Bitcoin Volatility Explodes Around $18K Level, As Fed Reveals 50 Basis Point Rate Increase Previous monetary policy allowed the asset class to flourish and grow, while the current policy has caused prices to contract significantly in short order. The result, is quite possibly the worst bear market in Bitcoin’s history, according to the LMACD. Monthly bearish momentum is the strongest ever | Source: BTCUSD on TradingView.com LMACD is the logarithmic version of the Moving Average Convergence Divergence indicator. The original tool was created by Gerald Appel in the late 1970s, while this version is best used to compare historical momentum. When viewing the monthly LMACD for BTCUSD, the dashed zero line shows that in 2018, Bitcoin never even made it into bear territory. During this bear market, the MACD line in blue is also at the lowest point ever historically. The signal line in orange has never moved below the zero line, and could very well do so in this cycle. Has The Bitcoin Bull Trend Officially Ended? According to the Average Directional Index and each Direction Movement Indicator, bears are stronger than ever before, and have had the upper hand in crypto for the longest stretch ever. Related Reading: Bitcoin Price Prediction: What Elliott Wave Theory Suggests Is Next For BTC Falling below a reading of 20 suggests the end of a trend, potentially indicating that the trend that started in 2015 is only now truly concluding. Rising back above a reading of 20 after falling below it, should help confirm a new bullish trend. The bull trend has ended, but will a new one begin? | Source: BTCUSD on TradingView.com Although the ADX shows the bull trend never quite concluded in 2018, the weaker trend strength overall explains why the returns stemming from the 2018 bottom, weren’t anywhere near the same as the rally from the 2015 bottom, which had significant strength at its back. With the bullish trend fizzling out, when bulls regain control and a new trend blossoms, it could be far more sustainable than what we have witnessed the last several years in crypto. 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
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The entrepreneur reportedly reconsidered his earlier decision to contest extradition and now would be able to appear in a United States court.
According to a myriad of social media posts, the meme crypto project Shiba Inu is planning to launch the highly anticipated Shibarium, a layer two (L2) project that was supposed to launch this year in the third quarter. Shiba Inu supporters believe the Shibarium launch is imminent as a number of community members have been […]
Lord Johnson of Marylebone reportedly took up a role on the U.K. advisory board of one of Binance’s subsidiaries in September.
As the title suggests, I will be creating the shittiest shitcoin ever made (just for fun, nothing too serious and this is not financial advice) and the top comment will decide what the name of the coin should be. I would like to see your opinions about what name it should have (extra points if…
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Guide To Claim 2,000 Free $MTRM Token Airdrop (Current value $700) https://preview.redd.it/6qzhfnyvmw6a1.jpg?width=411&format=pjpg&auto=webp&s=22e1f269416298a0c3e88ee1b51192b6cd6c9c8a 3 Easy Steps: 1) Fill out the Google form to join 2) Vote 3) Comment Requirements: Participation in pre-Aplha Test MMO Mirandus by 01/15/23 Google Form: https://forms.gle/PgUMV36gxy24s45q7 What Is The New $MTRM Token? $MTRM is the token of P2E project Mirandus by…
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