XRP will RunXRP is currently in a consolidation phase as it seeks to establish new highs and lows. The Relative Strength Index (RSI) indicates that XRP is undervalued, suggesting it is aiming to find new lows at higher price levels. The candlestick patterns are following an upward trend line, and both the 20-day and 200-day moving averages remain positive after experiencing a golden cross around November 10th. There are many positive signals that support a bullish outlook for XRP.
Fundamental analysis indicates that XRP has a promising future, with new leadership at the Securities and Exchange Commission (SEC) and fresh partnerships fostering the institutional adoption of blockchain technology. These initial price movements are just the start of increased exposure for XRP.
Adoption
AUDIUS #AUDIO Sounds GoodMusic app / Crypto
Artisits taking contol off their musicl
with social messaging
WE DON'T Know what the future of crypto will be
but tipping on twitter
payments for digital content
micropayments , Only fans kind of platforms seems inevitable at one point .
Apps which hide the blockchain for everyday users have still to be properly developed
But they are coming probably by the end of the decade.
But for this cycle
Audio should be a great Bull market speculation vehicle for us again.
Adoption: Institutions' Positive Sentiment Awaiting BTC ETFsAdoption: Institutions' Positive Sentiment Awaiting BTC ETFs
Dear Esteemed Traders,
One reason why Bitcoin price could go above $4600 in the next three months is the increasing institutional adoption of the cryptocurrency. According to a survey by Bitwise, almost 90% of financial advisors plan to buy Bitcoin after the approval of spot BTC ETFs. This could create a huge demand for Bitcoin and drive its price higher. Additionally, some institutions such as MicroStrategy, Tesla, and Square have already invested billions of dollars in Bitcoin and are holding it as a reserve asset. This could reduce the supply of Bitcoin and increase its scarcity value.
Another reason why Bitcoin price could go above $4600 in the next three months is the positive technical outlook of the cryptocurrency. Bitcoin is currently trending bullish on the four-hour time frame, with the 50-day and 200-day moving averages sloping up. The RSI is also within the neutral zone, indicating that the price has room to grow without being overbought or oversold. Moreover, Bitcoin has formed an ascending triangle pattern on the weekly chart, which is a bullish continuation pattern that suggests a breakout to the upside. If Bitcoin can break above the resistance line of the triangle, it could reach record highs, according to the measured move technique.
Of course, these are not the only factors that could affect the price of Bitcoin in the next three months. There are also some risks and uncertainties that could cause the price to drop, such as regulatory hurdles, market volatility, cyberattacks, and competition from other cryptocurrencies. Therefore, it is important to do your own research and analysis before making any investment decisions.
Disclaimer: This is not investment advice. The information provided is for general information purposes only. No information, materials, services, or other content provided on this page constitutes a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
Kind Regards,
Ely
BTC - Are You Ready ? 📊Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
🗒 As per my last educational post, we know that the bulls took over after breaking above the falling flag #4
📌 BTC has been sitting inside a strong rejection zone:
1- Round number => 30,000
2- Classic Weekly Support Zone Turned Resistance 30k - 32k
3- Supply zone
🏹 For the bulls to take over from a Marco perspective, we need a weekly break above 32,000
Meanwhile , the bears can still kick in for one more bearish correction before the bullish take over again. We will be monitoring price action on lower timeframes to confirm it.
Which scenario do you think is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ETH - Critical Resistance Ahead 🗝Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
ETH has been slight bullish for the last couple of weeks trading inside the orange flat rising broadening wedge pattern.
📈 Lately, ETH rejected the upper bound of the wedge pattern and now retesting it again.
For the bulls to take over again medium-term , we need a break above the red resistance.
📉 Meanwhile , If / As ETH approaches the lower bound of the wedge pattern and blue support, we will be looking for buy setups.
Which scenario is more likely to happen next? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
All about artificial intelligenceOn the 10 March 2023 episode of the Behind the Markets podcast, we had the pleasure of speaking with Blake Heimann, Senior Associate, Quantitative Research at WisdomTree. Within our team, we spend a lot of time talking about artificial intelligence (AI) with Blake, especially lately. Years ago, he was bitten by the bug, gaining a passion to study such things as statistical methods, regressions and time series forecasting. He’s even pursuing a Masters degree presently, focused on AI and machine learning.
With the release of ChatGPT from OpenAI in the latter part of 2022, AI entered into the public’s consciousness in a manner reminiscent of some of the world’s most successful applications—such as TikTok and Instagram. We wanted to have this conversation in order to provide perspective on AI and help people in thinking about the space itself as well as avenues of potential investment research. Some of the topics we covered included:
ChatGPT
It’s difficult to say how long we’ll be focused on ChatGPT or the value that it may bring, but it speaks to how AI is a space subject to nonlinear advances. A lot of work and investment went into creating ChatGPT, and then it represented something very tangible for any person to see and experience. We have to remind ourselves that next year we may be talking about something entirely different and even more capable, but we also admit that competing with ChatGPT purely on the basis of ‘viral adoption’ would be quite a feat.
Graphics processing units (GPUs) and the discussion of Nvidia vs Intel
Within semiconductors, Nvidia has had an excellent run, almost branding itself as the company most capable of designing the best semiconductors upon which to train AI models. Intel, on the other hand, has stumbled on some of its more cutting-edge hardware releases and has even had to cut its dividend recently. We were able to talk to Blake about how to consider the differences between these companies in the present market environment.
Ambarella for computer vision chips
We didn’t want to fall into the trap of only discussing some of the largest and most recognisable semiconductor firms, so we asked Blake if there were any semiconductor companies out there that he, as someone more deeply involved in AI and machine learning, is excited about. He did not hesitate and noted Ambarella. Ambarella is designing specific chips that are involved in computer vision, specifically as it relates to autonomous driving, and Blake went into a discussion about image segmentation and how these chips are getting better and better at performing these rather involved calculations directly, in almost real-time.
Proliferation of data and opportunities for AI disruption
The biggest reason, in our opinion, that we are discussing things like ChatGPT and autonomous driving, is that we have recently gotten to a place globally where we are generating more data than ever before. We asked Blake, with the proliferation of this data, what industries he believes are most ripe to be disrupted in terms of AI providing something powerful in a faster, more efficient way. Blake noted that this can happen in many industries, but then he did settle on the concept of using AI for drug discovery—namely how models can suggest potential compounds and molecules that can have the potential to react in a beneficial way to help with therapeutics. While AI may not directly create drugs end-to-end, it may suggest interesting paths for researchers to try and cut down the overall time from concept to finished drug.
Conclusion: always look at the direct functional expertise for any AI company
There is a big difference between a company that mentioned AI a few times on a recent earnings call, versus a company that is directly providing AI as a solution to real, current-day problems. Blake noted in numerous ways the importance of always being able to see the specific AI function being performed by a given AI company in order to help judge is potential attractiveness as an investment.
📌 BTC - Episode 101 - My Most Detailed Update To Date!Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
101 out of 500 days done.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
BITCOIN - Long-Term Log View!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
📉 From a long-term perspective, BTC is overall bullish trading inside our green channel.
Moreover, the green zone (10k - 12k) is a resistance turned support.
We are in a correction phase, but the question is, till when / where? ⏱
Let's compare this correction to the previous two corrections:
📌1- The previous correction were around -86%
-86% for the current correction would be lining up with the green trendline and support zone (10k - 12k).
📌2- At the end of every previous correction, MACD shifted from dark red to light red.
To be precise, after 3 consecutive higher lows of the light red MACD bars, we tend to have the reversal, confirmed by a break above the EMA.
If we follow the same logic for this correction, we are still waiting for a third higher light red bar on MACD . Will it be next month?
🗒 Meanwhile, we would be bearish and our main rejection would be around the green support zone .
And of course, before we buy, we will need to zoom in to lower timeframes and wait for the bulls to take over by breaking above the last Weekly/Daily major high.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bitcoin Cash Adoption Continues to Swell WorldwideBitcoin cash supporters are known for spreading adoption over the years and 2022 is no different. This year, the peer-to-peer cryptocurrency bitcoin cash has seen significant adoption throughout the islands of the Caribbean, alongside places like Dubai, and Mumbai.
Bitcoin cash is also accepted at Burger King St. Kitts and the island’s Panda Supermarket accepts BCH. In St. Kitts, the crypto asset is further accepted at Sun Island Clothes, Karma Asian Cuisine, Econo Retail Shop, and Oracle Martial Arts Academy.
Merchants accepting bitcoin cash are prominent in a number of other regions worldwide including Anguilla, Antigua, Japan, Venezuela, Slovenia, Australia, Philippines, Vietnam, Ghana, Zimbabwe, Argentina, and more. Additionally, a good portion of the companies that take BCH for payments are accepting the digital currency directly, rather than using a third-party or payment processor.
The Total Market Cap Of Crypto Will 10X In The Next 3 Years!🔜🚀Using a log chart, a couple fib retracement tools and the overall-macro trend (going back to 2015), we can show that it is very possible that the total market cap of crypto will be roughly around 10.6 trillion dollars at some time in 2025. This is also a minimal projection, as that would be the absolute bottom of the trend. (Assuming macro trend holds) This goes along very well with crypto fundamentals as well, such as the bitcoin halving cycles (next halving being 2024 roughly) and the exponential adoption of blockchain technologies in world-wide industries. IMO this projection, itself, could also very-well be a STRONG understatement of the future TMC of crypto, however I am being conservative here.
SPX Short, Retirement Crisis?A possible explanation behind the incoming crash, the retirement crisis. Will boomers transfer their wealth to the next generation via free market (allowing the market to rightfully correct and have the younger generation (Gen Y & Z) buy equities at low prices), or will the government (federal reserve) step in and increase the balance sheet (and thus "prevent" a crash on paper)?
Perhaps both. Gen Y and Z have decided to adopt and develop crypto to digitize and decentralize the old financial system (DeFi, NFTs) as the fed continues to print more money (as seen from the 2020 $ printing/stim. checks). This younger generation will not buy the bags of the old financial system (from the stock market to real estate) that are overvalued (Stock market with P/E ratios in the 30s, multimillion $ single-family homes), but rather force the old money to buy their crypto bags in the pursuit of the high ROI against inflation that crypto offers.
As more inflation continues, crypto will get more adoption by traditional VCs, HFs, Central Banks, etc. This adoption will come from the firm's inability to answer two questions:
1. How will we get millennials and Gen Z to invest their saving with us?
2. How will we be able to keep the promise of paying out pension funds to the Boomer Generation?
Privately, a few leading heads of these institutions (like Michael Saylor, Elon Musk) have entered the space after the 2017 and the 2020 DeFi Boom, but there are tens of trillion dollars left to enter it from the firms themselves.
Hopefully in this great reset of economics, the young will own everything, and be happy.
Bull Market Highs To Bear Market Lows Similarities This will be a quick simple analysis. When we go back and look at the previous bull runs highs and the bear market lows that follow, there seems to be a similarity in the percent that the market tends to correct. When looking at the chart you can see there's about an average 84% sell-off from new all-time highs. If this is the end of the bull market and we are in a slow sell-off to bear market lows, based on the history of bitcoin an 84% drop would bring bitcoin to the 12k zone. Times are different now for sure in the crypto market but this is just a quick analysis to think about. Do you think it'll happen? Your guess is as good as mine.
Love it or hate it, hit that thumbs up and share your thoughts below!
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
This is not financial advice. This is for educational purposes only.
BTC Needs To Hold This Support!When looking at the chart above, you can see that BTC has managed to climb above support but in the past few days, it has sold off to the current support zone shown by the yellow line. It needs to stay above this line to remain bullish. If it does move below the line, the next area we need to watch is 32.9k. This area was the previous weekly low set a few weeks back and if we can remain above that zone, it is still bullish in my opinion. Let's watch closely.
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
ZIL Long#ZincirGezenDAO
I've been hacking on usable blockchain projects for real adoption. Trying to find the proper network to use among friends. TBH Zil is one that literally has the possibility. It is scalable, cheap, green. I believe this is just a possible price potential explanation, even though I can take profits if it works out, I will essentially keep ZIL to use in my everyday life. And the app that it works with, which is Moonlet advice by devs can stake Solana, Near, Ethereum, and Zil. This is great. Whatever. We need the first step for a real end-user. Normal, everyday person-level usability. That is why I am buying this token. Not solely trading stuff. Just sharing...
Technical analysis by @CheekyCrypto, send him cheers if you appreciate this chart! The link is to his video.
BTCUSD LONGLooking at our Fibonacci retracement we see that BTC has drawn down to the important 0.618 mark and is currently sitting around 46000.
Observing the RSI we can see that BTC strength has declined significantly and has touched the bottom line, meaning a reversal is in order. We are at the beginning of a potentially strong bull market that may take BTC to new all time highs.
The MACD is confirming my reading of the market as we have entered a cross over. Market sentiment is moving towards mass adoption of cryptocurrencies and with BTC leading the way, we will see ETH, and altcoins start rising in value.
In around 3-5 years, I have strong belief that BTC will exceed a valuation of $250k as governments worlwide begin to adopt the use of cryptocurrency in everyday life.
There's been confirmation of VISA and MasterCard intending on making it easier to convert cryptocurrency to fiat currency.
2022 will be a time of even more lockdowns and COVID manipulation, this in itself will push the people toward destabilising the current financial system by using cryptocurrencies more to deal with direct payments.
If you are unaware, take a look at the real estate game and how they are converting the practices over to cryptocurrency.
Here's a free research topic for you Chelle Coin.
PLUG: dna of Speculation to Adoption Applies across MARKETSa look into an idea that was a dream note til ESG buzz fever hitts the market with Prince Harry and Merkel as Poster folks to the industry this October
some issues stocks metals crypto fal into this situation...
trick is to spot it before the dump or pump
==
kinda like Vaporware to actual hardware or sofware with use case \==
Takeaway: Volume and key levels along major price points hold the key to going long or short
BTC 180K-200K top in Q2-Q3 2022?Major trendline resistance was broken recently at 51k level.
We may be in a mid-cycle peak on to the way up to 180k-200k until ~Aug 2022.
Would still remain cautious atm as the traditional markets are undergoing a major 100 year-cycle correction that could drag $BTC with it.
But, there is a chance that every asset on the traditional market will get tokenized, possibly decoupling bitcoin from it from here on out.
Bitcoin Long Term Log Chart with Tech Adoption Cycles OverlaidThis chart shows the long term logarithmic price action for Bitcoin vs. USD, with some carefully drawn long term support and resistance lines that have tracked the ebbs and flows of Bitcoin over time. It also indicates the dates of the halvings, which have historically correlated with rises and falls in Bitcoin price as the supply of new Bitcoin coming to existence. The chart then couples this information with the traditionally understood cycles of technical adoption, as I believe they relate to the waves of new people / users coming into the ecosystem. It can be used to help understand where bitcoin has gone and where it might go as the adoption rate continues to increase, but like everything else should be taken with a grain of salt as past performance and price cannot be guaranteed to coninue in the future, and rarely does for long... :)
Bitcoin Why is Everybody Extremely Fearful? It's been clear we've been in a slow steady downtrend. We've been producing lower highs, and slightly lower lows which of course isn't a good sign for positive price action. To be honest we will be at these levels for weeks to come or even another couple months. This entire market has had a serious cooldown.
The charts indicate we're pretty much on a steady path to make candle closes below the crucial support level of $30,000. It's been very remarkable that Bitcoin has been holding strong above $30,000 despite the Tsunami of fear, uncertainty, and doubt that continues to plague the market. Originally I said we were overly bearish but chart doesn't lie.
The good news is that Bitcoin has been extremely fearful for over a month on the Fear & Greed Index. Eventually when sentiment is so fearful we eventually slowly work our way back to being greedy again overtime. The last time we we're this fearful was during March 2020 Global COVID-19 shutdown. The reasons then were quite obvious because nobody knew outcomes of the shutdown as then entire globe went into hysteria.
The reasons why people are extremely fearful of Bitcoin today is pretty confusing: Tesla no longer accepting Bitcoin, Elon Musk's troll tweets, clean energy concerns, China's renewed crypto crackdowns, and the exodus of miners out of China relocating to more crypto friendly mining jurisdictions around the world.... Are these reasons to be extremely fearful? In my opinion no.... This is all good for the Bitcoin network long-term. But cryptocurrency is hyper volatile which is another way to say hyper emotional.
It's difficult to say were we go from here. The best case scenario is we continue to hold above $30,000 and move sideways for a while until the bulls come back. Worse case scenario is we slowly continue down on this descending wedge into the mid $20,000 range and $30k becomes resistance. There still may be more maximum pain and I know it hurts to see.
You can only use so much Technical Analysis before you have to balance it with the fundamentals. Market sentiment and buyer / seller emotion is what ultimately drives price. The charts indicate down in the short term but the long term fundamentals and macro environment for Bitcoin point up. Especially as Governments continue to print historic record trillion dollar packages and stimuluses around the world. Hyperinflation is coming if its not already here.
Like I said before we are going to have a rough choppy summer until we can have a better overall market sentiment. We will get through this cloudy period in cryptocurrency. There's way too much innovation and adoption not to be bullish long term. Bitcoin will be a multi-trillion dollar asset.
As always much peace, love, health, and wealth. Bitcoin = Freedom.
Elliot Wave Algorand - At key support
- Above inclining 200 day moving average
- Elliot Wave looking ready to start wave 3
- Ready to break out above 1.8 range
- Alogrand is seriously undervalued, 2nd largest market cap POS)
- Faster and cheaper than ADA (number 1 market cap POS)
- Easy Staking
- Algorand governance program starting soon, demand for coins will be higher than usual...
Long dat