Category: Cryptocurrency News

During no other time of the year are humans more open to the idea of miracles than now. But what about a crypto Christmas miracle for Bitcoin? Rather than the miracle being the premise for a holiday flick, it is possible that the appearance of a backtestable technical signal puts in a miracle-esque bottom for the cryptocurrency market. More Credence For A Santa Claus Rally In Crypto Dozens of Hallmark-style holiday movies include the world “miracle” in their title. The idea that Santa Claus could hit the homes of children across the entire globe in one night demonstrates the type of hopeful sentiment that can build this time of year. Related Reading | Could Bitcoin Benefit From A Santa Claus Rally? Across the cryptocurrency market, investors got the equivalent of coal for Christmas – that is unless a miracle happens. That miracle has a higher than average probability of happening this holiday, according to the Fisher Transform technical indicator on BTCUSD 3-day timeframes. This technical indicator has only shown such an extreme deviation two other times throughout its history – and when you read at what prices this signal triggered at previously, you won’t help but become more hopeful for a Santa Claus rally over the next several days. Could a Christmas miracle make investors merry? | Source: BTCUSD on TradingView.com The Most Extreme Bitcoin Bottom Signal Is Back For Christmas The Fisher Transform is a technical indicator that was created by John F. Ehlers and, according to Investopedia, “converts prices into a Gaussian normal distribution.” Doing so makes spotting turning points a lot easier. Both extreme readings in standard deviation and the signal itself changing direction present a higher than normal probability point of reversal. When it comes to objective technical analysis, few technical indicators supply such regularly backtestable results as the Fisher Transform. The version of the Fisher Transform pictured above and below is a custom tool designed by Moe_mentum dubbed the iFish Smooth & Divergence, available on a two-week trial basis or $525 for lifetime use. Could this signal be another gift for Bitcoin holders? | Source: BTCUSD on TradingView.com On 3-day BTCUSD charts, the Fisher Transform is showing a potential reversal through turning around at the -2.0 deviation – a point of extremes reached only two other times prior. The first of the two instances was in October 2011 when Bitcoin was trading at around two bucks per coin. The second was at the bear market bottom in December 2018. Now, some three years later, the extreme level has been reached again, just as the indicator starts turning around. Related Reading | Bitcoin Falls Flat: Examining A Rare Bull Market Corrective Pattern The Fisher Transform is an unbounded indicator, meaning that it could very well reverse again and continue to a deeper deviation and extreme. However, doing so would only further increase the likelihood of a reversal further. This makes the Fisher Transform a helpful tool for those who trade using a “mean reversion strategy” and attempt to profit from when prices move to unusual extremes. Bitcoin price could still make another low while the Fisher Transform fails to do so. At that point, a bullish divergence would be possible and another buy signal potentially generated – again improving the chances of a positive outcome. Investopedia warns that the potentially lagging indicator could have several limitations. For example, “asset prices are not normally distributed, therefore attempts to normalize prices could be inherently flawed and may not produce reliable signals.” However, the Fisher Transform remains among the most statistically reliable though backtesting of data, especially when combined with other tools for confirmation. And these statistics show a Christmas crypto miracle could be on the way. #Bitcoin per D3 — IFS reading one of the historical lows at ( OS) region backtest shows that market was bottomed D3 at( -2 deviation ) was 👇- > October 2011 @ $2.15 – > 15 Dec 2018 @ $3135https://t.co/125TAgbVlu — Moe (@Moe_mentum_) December 23, 2021 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

The now former president did not reveal what his next move would be, or whether he would continue to work in the cryptocurrency industry.

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Ho Ho Ho! Another year passed, we’re meeting our relatives, our loved ones, our families. We’re having great time, spending it together, watching Home Alone starring Macaulay Culkin in main role while eating fishes and potato salad. Let’s see how well top 100 coins performed since last Christmas. Some of you, probably recieved or gifted…
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Just in time for Christmas, Earth 2 has launched its new gifting feature, allowing players the ability to send ownership of unique virtual land tiles of any geolocation on earth.  Virtual land on Earth 2 directly corresponds to exact locations in the real world making each piece of land, including the sole ownership of that land, completely unique. What does gifting bring to Earth 2? The gifting feature will not only make it easier for the welcoming of new players into community driven land projects, such as MegaCities, but also serves as an interesting and different type of gift experience which provides the recipient with direct ownership of land at the starting point of Earth 2’s metaverse, the largest virtual land registry in the world in both size and diversified ownership. Earth 2 predicts the metaverse to be a constantly growing and evolving concept, much like the Internet, and with this ongoing expansion, the number of possible use cases and functions for virtual land inside the metaverse will continue to grow. “Empowering players with more agency over the utility of their land, beyond trading, is a natural progression towards the futuristic, player-driven metaverse envisioned by Earth 2”, said Earth 2 Founder, Shane Isaac.  “Irrelevant of the occasion, virtual land makes for a very different, interesting and unique gift, on so many levels.” Players of Earth 2 have already begun discovering such versatility, with one player taking advantage of the new feature, in his own unique way, to create a virtual memento of the exact location where his engagement proposal took place. “I proposed in front of thousands of people before watching the Nutcracker at the Lexington Opera House,” said Matt Haydon, an Earth 2 community member who recently shared his special experience publicly online. He went on to say, “I’m thankful Earth 2 added the gifting option. A few minutes and 1 tile later I’d frozen a moment in time forever. It’s a simple way to “engage” the recipient and give them a taste of E2. New user or existing, it’s a nice touch just in time for the holiday season.” Pictured (above & below): Newly engaged couple, Matt Haydon and his fiancé. Image Credit: Matt Haydon Using our new gifting feature to share and immortalise meaningful locations is only one of many varying reasons to give the gift of land to someone.  With our recent introduction of Tier 2 virtual land tiles, a partnership with Polygon Studios and the tech acquisition of DRONE the Game, now is a great time for players to reserve their own piece of the future inside Earth 2. Pictured (above & below): Image of the land tile purchased by Matt Haydon and the description of the property. How to access the gifting feature:  Gifting is available from one Earth 2 user to another or one Earth 2 user to any valid email address.  In the future, gifting will also expand to become available on Earth 2’s own social media platform. Select the tile/s you wish to purchase and follow the transaction process as normal. Signing up on Earth 2 is free. Before finalising payment for the selected tiles, select the “This is a Gift” checkbox. In the space provided, enter either an existing Earth 2 account name or an email address if your giftee is not yet an Earth 2 player. Continue with the transaction as normal. Once the transaction is complete, a gift redemption code will be automatically sent to you and your giftee via in-game notifications (existing user) or via email (new user). The team at Earth 2 loved hearing about the story of Matt’s proposal, if you have a unique story you would like to share with us, post it on our official Earth 2 Community Facebook page, or tag us in our socials! About Earth 2 Earth 2® is a futuristic concept for a second earth; a metaverse, between virtual and physical reality in which real-world geolocations correspond to user generated digital virtual environments. These environments can be owned, bought, sold, and in the near future deeply customized.     Permission was obtained from Matt Haydon to include his story and images in this article.  The Earth 2 team would like to thank Matt Haydon for his permission and to congratulate Matt and his fiance on their beautiful and unique engagement.  We wish them many happy years ahead together!

December has turned out to be a red month for bitcoin and other indexes as sell-offs have rocked the crypto space. Bitcoin and altcoins alike have recorded numerous losses tied to investors selling off their holdings and hunkering down for what looks to be the beginning of a drawn-out bear market. Some have however suffered more than others in a more that has turned bloody for investors. All across the market, indexes continue to record double-digit drops, signaling no improvement from the previous week as losses had also risen to the double digits. Losses have run even higher for the past seven days with the small cap index taking the biggest hit of all. Related Reading | Despite Crackdown, Bitcoin Mining Is Still Alive And Well In China Double-Digit Losses Rocks The Market Bitcoin has suffered significant losses since the crash at the beginning of the month. The digital asset was pushed towards the low $40,000s and has struggled to move out of this price range since then. On the index front, the asset has not done too well either as it has recorded losses up into the double-digits and much higher than that recorded for the previous week. Bitcoin alone saw a 20% loss for a seven-day period, up 5% from the previous week’s loss of 15%. This has made it one of the hardest-hit digital assets in the space despite maintaining the largest market share. BTC drops 20% in seven days | Source: Arcane Research The other indexes were not left out of the onslaught, all continuing the trend of double-digit losses. For a seven-day period, the Mid Cap Index held up best out of all the indexes but not by a wide margin. The Large Cap Index mirrored bitcoin’s losses with a 20% loss for the week. The Small Cap Index saw the most losses for the week with a 28% loss, marking the worst performance of all the indexes for the month of December. Bitcoin Market Dominance Drops Bitcoin has maintained the largest share of the cryptocurrency market. However, this number has continued to drop as months go by. Five years ago, bitcoin had controlled about 90% of the total market share. Today, it has dropped to less than 50% of the market share it used to command, evidenced in the market dominance of the digital asset. BTC begins another recovery trend | Source: BTCUSD on TradingView.com Some of the biggest coins by market cap have outperformed bitcoin for the last week. This outperformance has translated to an encroachment on the market dominance of bitcoin. Once again, BTC’s market dominance has dropped close to 40%, a crucial point that altcoins have not been able to break. Related Reading | Bitcoin Leads As Markets Sees Record Outflows. Bear Market Incoming? Nevertheless, altcoins have enjoyed significant growth in the way of market dominance given that at the start of the year, bitcoin’s market dominance was as high as 73%. With the year drawing to a close, altcoins have managed to steal over 30% dominance from BTC, and 2022 may be the year that it finally breaks below the 40% resistance point. Featured image from CNBC, charts from Arcane Research and TradingView.com

The holiday edition of “The Market Report” with Cointelegraph is live right now!

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