Dogecoin had a very good week this week, probably in reaction to the news of the Twitter acquisition that happened as of today.
It's still too early to tell, but some reasons to exercise caution regarding the company, especially given its new owner's past history. As we head into a recession, what worked previously may not work now.
Also forgot to mention that...
Deflationary assets - aka artificial scarcity - is a product of the mediocre mind. Exponential growth and real social progress comes from the idea of "growing the pie". It's weird how people don't use that phrase anymore since it has become such a foreign concept at this point.
Bitcoin (and now Ethereum), NFTs, real-estate (both IRL and the metaverse),...
As some analysts have predicted, the public's interest in crypto/Web3 projects have shifted from proof-of-work over to proof-of-stake, following Ethereum's "merge" a few weeks ago. ATOM and ALGO in particular did very well this week (though it did level off eventually) as what seems to be a partial migration of crypto money flowing from one area to the next.
The...
What is the Ethereum Merge and why?
The Ethereum Merge is the most significant upgrade for the Ethereum Network migrating its consensus algorithm from Proof-of-Work (PoW) to Proof-of-Stake (PoS). It is achieved by running a parallel chain called the Beacon Chain on 1st December 2020, underwent more than 1.5years of extensive testing and bug bounties before...
After Ethereum's "merge" this week, the crypto market continues to sag as a whole, unimpressed. One pattern we see emerging is that coins that have been proof-of-stake since the very beginning (especially ATOM and ALGO this week) have been performing very well relative to the rest of the market. (Coins to keep an eye on in the near future: XTZ, ADA, TRON, MATIC,...
ETHW (ETH PROOF OF WORK) 4 hr chart
just looking bat this chart, I see right away
Hidden Bullish Divergence...thats where the
RSI (RELATIVE STRENGTH INDEX) charts a
higher low and the price charts a lower low.
Bc its so new and not alot of Data, that what i
see right now quickly. Ill keep it updated.
I see its still holding $8.00 which is big support
this short...
ETHW (ETH PROOF OF WORK) 4 hr chart
just looking bat this chart, I see right away
Hidden Bullish Divergence...thats where the
RSI (RELATIVE STRENGTH INDEX) charts a
higher low and the price charts a lower low.
Bc its so new and not alot of Data, that what i
see right now quickly. Ill keep it updated.
Critics have suggested Bitcoin could not operate as the same decentralized currency without a consensus mechanism like proof-of-work.
Transitioning the Ethereum blockchain from proof-of-work to proof-of-stake has reduced its energy usage by more than 99% — and many climate activists have called for Bitcoin to follow suit.
In a Thursday notice following the...
The much anticipated "merge" has happened on the Ethereum network as of last night - so far there doesn't seem to be any major shifts, although if you're an ETH holder you may have noticed a sharp drop-off in price as of this morning. (The market is down as a whole, but ETH took a bigger hit than most, as of today.) This pattern can be seen pretty often in the...
I believe next move will re-test the weekly EMA100. Just like the last wick up.
It is interesting it wicks so much, but seeing how low the floating supply is it's not surprising at all. Coin is extremely hard to accumulate at these prices, so I expect price level will be rejected by the market.
Sell the news,
Buy the rumours
Is merge all good?
That's the news, hence sell it (not now yet, eth will run another try to get to a new high, it might or might not, that's why keep levelled take profits.
PoW and all the miners won't throw mining rigs for the sake of climate change.
That's the rumour. Hence all PoW blockchains that stood the test of time shall be...
So the corrective move I illustrated last week is still fairly in play. Now I can imagine these 2 PA to happen next, and as I mentioned I'll be waiting for a considerably nice reaction from my AOV to get into a long setup while having in mind that as we get closer to the merge, the news outcoming from the event will exaggerate any move in the charts.
In my...
Hello dear readers!
ETH 2.0 - hard fork of Ethereum that will improve scalability multiple times by switching from PoW (Proof of Work) to PoS (Proof of Stake)
Scheduled on september 19 . Only a month left.
As ETH 2.0 approaches and everyone is buying Ethereum, question is opened - How much will we grow and for how long should we Hodl?
The goal of this post...
Here we see the monthly logarithmic chart for the ethbtc pair so the impending golden cross is not shown here. It is only a few days at most away from crossing and we can see here on the log chart that the ethbtc chart’s priceaction is well above an inv h&s pattern and likely has validated the breakout of this pattern even though we haven’t reached its full...
As long as we stay above $1500; preferrably finding support at $1800; I'm keen on the idea of strength up into the multiple confluences around $2600; and into the 15th September Eth Merge event
~~Multiple Confluences:
~Eth Futures Gap (on CME Weekly chart)
~0.618 retracement level
~1.618 extension of the recent dynamic down leg
~roughly around the 50% level of...
The much anticipated (or dreaded if you're a miner) "merge" coming in Sep 19th will officially move the Ethereum ecosystem from proof-of-work to proof-of-stake. Justin Sun seems to see the opportunity for this event to sow some chaos within his competition by supporting ETHW and ETHS coins on the Poloniex exchanges as of this week.
- ETHW and ETHS is similar to...
News of record high inflation and the federal reserve's plan to increase interest rates this year has a lot of people worried that a recession (probably on a global scale) is coming this year. After over a decade of constant growth in the US stocks and real-estate markets, we're finally going to see the bubble pop. GDP is down, governments are broke, and
I would...
