This post is supposed to be the most accessible guide for trading r/cc MOONs. If you never traded crypto in your life, you can start learning here. Here's a summary if you want to jump to a specific part of the guide Summary Opening your Reddit Vault Importing the Vault into a MetaMask wallet Installing…
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I was sending money on Orbiter Finance and trying to send my money from my Eth Mainnet to my Arbitrum Mainnet. Somehow it sent it to 0xF9408A711C21Dcec148823C1e30364795622d942. It does not make sense because when sending on orbiter finance they preselect the wallet and you can not change it. The money sends to one wallet and…
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I built it because I always want to know if I am getting the best rate, it works by grabbing DEX quotes and compares it with all major DEXs aggregators. fully open sourced 100% free no wallet connection, no data collecting at all website – https://toomuch.wtf/ Give it a try and let me know what…
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In his recent report, Charles Edward, a prominent crypto market analyst, released an update on the state of the Bitcoin (BTC) market. The report highlights the continuation of the downtrend for Bitcoin, which has been losing its key support, the 50-day Moving Average (MA). The bearish trend has been confirmed by technical indicators and the pure fundamental Bitcoin Macro Index algorithm, which has seen an increasing rate of contraction over the last week. Is Bitcoin Headed For $25,000? The report provides insights into both high and low timeframe technicals, with the next support levels for Bitcoin at $28,000, $24,000, and low-$20,000, each offering better relative opportunities. The low timeframe technicals indicate a breakdown in support at $30,000 and the emergence of a new bearish trend, with a target of circa $25,000. The Capriole Bitcoin Macro Index, which combines over 40 of the most powerful Bitcoin on-chain, macro market, and equities metrics into a single machine learning model, suggests a decent long-term value for multi-year horizon investors, but with decreasing fundamentals over the last week. Related Reading: Litecoin Sharks Buy More Than 200,000 LTC Ahead Of Wednesday’s Halving On the other hand, the Three Factor Model, a new open-source algorithm, values the S&P500 using three fundamental data points only, indicating that the markets are fairly valued today, with room for more upside, despite recent bearish signals. Despite the bearish outlook, the report suggests that the macroeconomic backdrop remains favorable for Bitcoin over the coming years. The Federal Reserve has paused rate hikes, and the S&P500 has had its longest winning streak in years. However, the technicals and fundamentals are currently showing a “not yet” signal, indicating that the market may need to wait for a positive trigger such as the approval of the Blackrock ETF. Overall, the report suggests a long-term bullish outlook for Bitcoin, but with caution in the short term until technicals or fundamentals prove otherwise. According to Edwards, the nearest points of technical opportunity are $28,000, $25,000, and $21,000, or a daily close back into the $30,000 range. Low Volatility, High Potential Bitcoin’s price volatility has been at historic lows, with the cryptocurrency experiencing its second-lowest level of yearly volatility ever. This fact has been noted by many in the crypto community, including Crypto Con, who points out that historically, low volatility has been a bullish sign for Bitcoin. Low volatility can be seen as a sign of stability and maturity for a cryptocurrency. It suggests that the market is becoming more efficient and that there is less speculation driving prices up and down. This can be a positive sign for long-term investors, as it suggests that cryptocurrency is becoming more reliable as a store of value. Related Reading: Ethereum DeFi Coins Plunge As Curve Concerns Threaten Major Market Crash Moreover, Bitcoin has historically performed well after periods of low volatility. Every time Bitcoin’s volatility has dropped to similar levels in the past, it has been followed by a significant price increase. This suggests that, while the current low volatility may be frustrating for traders looking for quick profits, it could be a positive sign for long-term investors. In conclusion, while the current low volatility in Bitcoin’s price may not be exciting for traders, it could be a positive sign for long-term investors. Historically, low volatility has been a bullish sign for Bitcoin, and the cryptocurrency’s current stability comes at a time when several positive macroeconomic factors could drive its price up in the future. As of the time of writing, Bitcoin has lost its crucial support line of $29,000 and is currently trading at $28,900, representing a decline of over 1% in the last 24 hours. Featured image from Unsplash, chart from TradingView.com
Last week, the 1W Bollinger Bands in Bitcoin reached its tightest level ever. The volatility measuring tool typically doesn’t give any indication of direction, however. Using historical data, we’ve taken all previous instances of extreme lows and the resulting direction — up and down — and discovered the success rate of the signal. Bollinger Band Width Reaches Historical Lows: What Does It Mean? The Bollinger Bands are a complete trading system, designed by John Bollinger in the 1980s — an avid Bitcoin speculator. The tool uses a 20-period simple moving average (SMA) and two bands set at two standard deviations of the SMA. As such, the “Bands” expand and contract based on volatility — a measure of how aggressively price moves within a time period. When the Bands tighten to extremes, it indicates a period of low volatility. This setup is called a Squeeze, which ultimately releases pent up energy and results in a large move. When price action picks up, the bands expand to represent the return of volatility. According to Bollinger Band Width, a related tool designed to tell analysts how tight the bands on an easier to visually compare basis, the Bollinger Bands in BTCUSD are the tightest in the history of crypto. Notably, Ethereum and the TOTAL crypto market cap are also historically tight. The technical indicator, however, doesn’t say anything about direction, only that something big is on the way. In the past, Bitcoin has broken out in either direction. But how many of these times were up? And how far did it climb? When will explosive volatility return? | BTCUSD on TradingView.com Bitcoin Breakout Performance Analyzed: Average 669% ROI When Volatility Returns Past performance is never a guarantee of future results, but from historical price data we can better understand the behavior in BTCUSD after such low volatility phases. Of the nine total instances the Bitcoin weekly Bollinger Bands got this tight, the top cryptocurrency by market cap rallied upward after upon breakout seven times. The average upward movement across all seven times is 872%. In contrast, the two down moves resulted in an average crash of 40%.< Bitcoin falling 40% from here would take it back to $17,500 per coin, while a 872% move higher would take BTCUSD to over $280,000 per coin. The average of up and down moves resulted in a grand total of 669%, which would take the number one cryptocurrency to over $220,000. Considering the rule of diminishing returns, such a strong move is unlikely. However, the data speaks to the magnitude of the move that could occur, once volatility returns. As long as #Bitcoin remains above the weekly Bollinger Band basis –– a 20-period SMA –– I am bullish Lose the mid-BB and then I’ll talk downside pic.twitter.com/knOo0oMW5M — Tony “The Bull” (@tonythebullBTC) July 28, 2023 Tony is the author of the CoinChartist (VIP) newsletter. Sign up for free. Follow @TonyTheBullBTC & @coinchartist_io on Twitter. Or join the TonyTradesBTC Telegram for 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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Proprietary trading activities contributed heavily to the revenue increase.
I'm excited to share that we've just published an in-depth analysis on the Ethereum Name Service (ENS) over on our Substack! The piece explores various elements of the ENS ecosystem – from the surge in ENS NFT minting to the dynamics of its secondary market, the robustness of the ENS DAO's treasury, and more. You…
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Toyota continues its ongoing exploration into integrating blockchain technology within its corporate and developmental ecosystems.
Disclaimer – am dumb, IQ lower than a LUNC’s value dumb, this post is my offspring so also v dumb. My understanding of blockchain is not anywhere near as developed as yours This idea may not be feasible, but I was enjoying thinking about it. We’re lucky to live in a time with innumerable resources…
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