Category: Cryptocurrency News

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Since 2009, China and Hong Kong have “banned” or otherwise caused FUD in the crypto space on 18 separate occasions.

Bitcoin price is down but crypto investors still have a plethora of yield opportunities thanks to DeFi.

The crypto community is locked in debate over: Is Bitcoin in a bull or bear market? The debate will rage on until either a new high or new low is made. The current price action is bearish, which gives the impression that sellers are in charge. The news cycle, and sentiment doesn’t help the picture for bulls. But there is one “theory” that suggests a lower low won’t be made. Mapping Out From The Bear Market Bottom To The Bull Cycle Top Recently, Elliott Wave International held an Open House on their Crypto Pro Group led by analyst Tony Carrion. Tony nailed the recent 20% crypto market plunge as part of a C-wave and a short-term call. A longer term play looks ahead toward a positive Q4, where the analyst expects a wave five to develop and “greater price appreciation to occur.” If it fails to do so, then the pattern might not be valid. Related Reading | Build Base Or Bust? Bitcoin Touches Down On Parabolic Support The recent accurate call of a C-wave prompted a deeper analysis of the longer term play. According to Elliott Wave Theory a primary motive wave consists of five waves, with odd-numbered impulse waves following the primary trend. This is Bitcoin we’re talking about, so the primary trend has almost always been up. A new motive wave and series of impulse waves began at a bear market bottom. Waves two and four are also bearish consolidation phases that move counter to the trend. Tony’s idea is that the run up in early 2019 was wave one, wave two ended with Black Thursday (take note of this), and wave three ended at $65,000 in April. Wave four should move sideways, while wave two was sharp | Source: BTCUSDT on TradingView.com Why Bitcoin Bears May Salivate Over New Lows Forever What isn’t yet clear, is when wave four ends, and wave five begins. However, when reviewing some facts regarding Elliott Wave rules and guidelines, along with several important factors related to the current market cycle, things begin to fit the mold. The best argument bears have for more downside in Bitcoin, is a crash back to $20,000 and a lower low scenario – because that’s what happened after the 2019 peak to Black Thursday. However, Elliott Wave rules state that wave two and four will alternate in severity. Out of wave two and wave four, one correction will be sharp, the other sideways. Looking at the top and bottom of the last correction, sharp is an understatement, especially compared to the most recent “top.” Each impulse wave also behaves similar with five smaller sub-waves | Source: BTCUSDT on TradingView.com If wave two was sharp, then wave four will be sideways, according to the alternation in an impulse rule. “It primarily instructs the analyst not to assume, as most people tend to do, that because the last market cycle behaved in a certain manner, this one is sure to be the same.” Related Reading | Astro Crypto: Summer Bitcoin Slump Could Bring Bountiful Fall Harvest Also as part of the alternation rule, wave one, three, and five will alternate to a certain degree. Elliott Wave theory says that wave one and five will made in both time and magnitude, especially have wave three was an extended wave. When comparing what would be wave one with wave three, it is easy to see how extended wave three would have been. All of this information suggests that there won’t be a lower low, and wave five should rally around 350% from where wave four ends. This is all great news for bulls who were hoping for $100,000 Bitcoin. The only problem? When it is all over, if the pattern is accurate, the worst bear market ever is coming next. Follow @TonySpilotroBTC on Twitter or via the TonyTradesBTC Telegram. Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com

An analyst from global banking giant Deutsche Bank expects Bitcoin will enjoy a “first-mover advantage” over other cryptocurrencies for the foreseeable future.

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Additional: what subreddits and other communities are big into this topic or would be interested! I'm working with the blue sky project from Twitter and there will be discussions on the topic in the near future on Twitter spaces. Would be great to find people who want to join in! submitted by /u/iftoxicthengtfo…
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Hey guys I was thinking about getting an eth miner roughly 7 grand. However eth is planning on resorting to POS. But do I don’t know when. Do you guys know? submitted by /u/Empty-Dark2988 [link] [comments]

Hi everyone, I'm looking for a place (possibly centralized exchange) to Earn Interest on ethereum. I looked at Binance: doesn't seem to support it, only eth 2.0 Nexo: 8% pretty easily Celsius 5.35% Crypto.com : 5.5% Do you know any other that has higher reward than nexo? Which one do you personally use? submitted…
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Congratulations r/CryptoCurrency, this is an incredible milestone for us to celebrate! Here are some fun stats courtesy of subredditstats.com and ccmoons.com: r/CC had just 1,750,000 members on Feb 20, 2021. We doubled that in 7 months! 3,500,000 Members (#101). #100 is just another 10,000 members away! 23,464 Comments per Day (#8). 969 Posts per Day…
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