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Cryptopolitan
--
ECB President Christine Lagarde Says the Global Economy Is Headed for Recession
Christine Lagarde, the head of the European Central Bank, believes the global economy is in deep trouble, and about to hit a recession.Â
She drew comparisons to the 1920s, when economic instability and bad decisions led to the Great Depression.
But this time, itâs not just one thing causing the problem. Itâs a trifecta of disasters.
Weâve had the worst pandemic since the 1920s, the biggest conflict in Europe since World War II, and an energy crisis on par with the oil shock of the 1970s.
ECB headquarters in Germany
Supply chains are messed up, global trade is faltering, and weâre seeing technological developments the world struggles to keep up with.
Same problems, new century
In the 1920s, countries made some stupid decisions by sticking to the gold standard, which led to deflation and bank collapses.Â
Everyone got scared and started closing off their economies, which only made things worse.Â
Thatâs how we ended up with âeconomic nationalism,â which is just a fancy way of saying countries started looking out for themselves and shutting down trade with everyone else.Â
It was a disaster.
But thankfully, as Christine pointed out:
âWe are in a better position today to address these structural changes than our predecessors were.â
One of the big issues Christine talked about was inflation, which went nuts after the pandemic. Supply chains got disrupted, and the war in Ukraine made energy prices skyrocket.Â
So the ECB had to step in and start raising interest rates last year to get things under control.Â
And it worked. Sort of.Â
Inflation in the Eurozone peaked at 10.6% in October 2022 but then dropped to 2.2% by August 2023. She called this whole mess an âextreme stress testâ for central banks.Â
Itâs rare to see inflation drop that fast without a bunch of people losing their jobs. But somehow, they managed it. In fact, since the end of 2022, 2.8 million more people have found jobs in the Eurozone.Â
The ominous yield curve
Then thereâs the yield curve, which I guess is like a crystal ball for predicting recessions.Â
Usually, long-term bonds have higher yields than short-term ones because investors want to be paid more for locking up their money longer.Â
But when short-term yields are higher, it means investors think things are going to get bad. This so-called âinversionâ has happened before every US recession since 1980.
Federal Reserve Chair Jerome Powell
For over two years now, short-term bonds have had higher yields than long-term ones. It flipped back to normal a couple of weeks ago, though thatâs not exactly good news.Â
Despite this, the US stock market is acting like everythingâs fine. The Federal Reserve just cut interest rates by 50 basis points, and the S&P 500 hit a new high.Â
Fed Chair Jay Powell says the US economy is âbasically fine.â But economists who trust the yield curve arenât buying it. They think itâs just a matter of time before America collapses.
And who can blame them? Have you seen the state of its national debt?
Japanâs role
Meanwhile, Japan has its own set of issues. The Bank of Japan (BoJ) decided to keep short-term interest rates at 0.25%, saying that their economy is slowly recovering.Â
But they also admitted that there are a lot of uncertainties ahead.
Bank of Japan Governor Kazuo Ueda
They released a statement saying they expect the economy to keep growing above its potential rate. Basically, people are spending more, and thatâs helping things along.
The BoJ even upgraded its view on private consumption, which means people are buying more stuff even though prices are going up. Thatâs helped keep the yen stable at „142.3 against the dollar.Â
Still though, most economists think the BoJ will raise rates again this year, maybe as soon as next month. Theyâre not taking any chances, especially with everything going on globally.
She drew comparisons to the 1920s, when economic instability and bad decisions led to the Great Depression.
But this time, itâs not just one thing causing the problem. Itâs a trifecta of disasters.
Weâve had the worst pandemic since the 1920s, the biggest conflict in Europe since World War II, and an energy crisis on par with the oil shock of the 1970s.
ECB headquarters in Germany
Supply chains are messed up, global trade is faltering, and weâre seeing technological developments the world struggles to keep up with.
Same problems, new century
In the 1920s, countries made some stupid decisions by sticking to the gold standard, which led to deflation and bank collapses.Â
Everyone got scared and started closing off their economies, which only made things worse.Â
Thatâs how we ended up with âeconomic nationalism,â which is just a fancy way of saying countries started looking out for themselves and shutting down trade with everyone else.Â
It was a disaster.
But thankfully, as Christine pointed out:
âWe are in a better position today to address these structural changes than our predecessors were.â
One of the big issues Christine talked about was inflation, which went nuts after the pandemic. Supply chains got disrupted, and the war in Ukraine made energy prices skyrocket.Â
So the ECB had to step in and start raising interest rates last year to get things under control.Â
And it worked. Sort of.Â
Inflation in the Eurozone peaked at 10.6% in October 2022 but then dropped to 2.2% by August 2023. She called this whole mess an âextreme stress testâ for central banks.Â
Itâs rare to see inflation drop that fast without a bunch of people losing their jobs. But somehow, they managed it. In fact, since the end of 2022, 2.8 million more people have found jobs in the Eurozone.Â
The ominous yield curve
Then thereâs the yield curve, which I guess is like a crystal ball for predicting recessions.Â
Usually, long-term bonds have higher yields than short-term ones because investors want to be paid more for locking up their money longer.Â
But when short-term yields are higher, it means investors think things are going to get bad. This so-called âinversionâ has happened before every US recession since 1980.
Federal Reserve Chair Jerome Powell
For over two years now, short-term bonds have had higher yields than long-term ones. It flipped back to normal a couple of weeks ago, though thatâs not exactly good news.Â
Despite this, the US stock market is acting like everythingâs fine. The Federal Reserve just cut interest rates by 50 basis points, and the S&P 500 hit a new high.Â
Fed Chair Jay Powell says the US economy is âbasically fine.â But economists who trust the yield curve arenât buying it. They think itâs just a matter of time before America collapses.
And who can blame them? Have you seen the state of its national debt?
Japanâs role
Meanwhile, Japan has its own set of issues. The Bank of Japan (BoJ) decided to keep short-term interest rates at 0.25%, saying that their economy is slowly recovering.Â
But they also admitted that there are a lot of uncertainties ahead.
Bank of Japan Governor Kazuo Ueda
They released a statement saying they expect the economy to keep growing above its potential rate. Basically, people are spending more, and thatâs helping things along.
The BoJ even upgraded its view on private consumption, which means people are buying more stuff even though prices are going up. Thatâs helped keep the yen stable at „142.3 against the dollar.Â
Still though, most economists think the BoJ will raise rates again this year, maybe as soon as next month. Theyâre not taking any chances, especially with everything going on globally.
See original
LIVENadeem Anasri
--
If you want to become a real trader rather than a gambler, it's essential to read this carefully. If you're opening 5x-10x leveraged positions with your entire capital, you're essentially gambling. In such high-risk trades, the chances of liquidation are high because the crypto market is extremely volatile, with 10%-20% price swings being common. Even with a stop-loss, small movements can cause significant losses to your capital.
The key to successful trading is "PATIENCE." If you're not patient, you won't become a good trader. Hereâs why patience is crucial:
First, you should never open a 10x positionâor even a 1x positionâusing your full capital. Opening a 1x position is like flipping a coin and guessing the market direction. Instead, your position size should only be about 5% of your total capital.
If the trade becomes profitable, thatâs greatâyou can take your profit at any time. But if the market goes against you, patience is key. Since the trade only involves 5% of your capital, a 10% reversal is the time to add more to your position. This approach can put you in a better position.
As the market tends to revert to the mean, itâs likely that prices will return to your entry point (except for rare exceptions). When the market moves in your favor, you need to be patient, wait for some upside, and then close your position to take profit.
$BNB @dappOS_com
The key to successful trading is "PATIENCE." If you're not patient, you won't become a good trader. Hereâs why patience is crucial:
First, you should never open a 10x positionâor even a 1x positionâusing your full capital. Opening a 1x position is like flipping a coin and guessing the market direction. Instead, your position size should only be about 5% of your total capital.
If the trade becomes profitable, thatâs greatâyou can take your profit at any time. But if the market goes against you, patience is key. Since the trade only involves 5% of your capital, a 10% reversal is the time to add more to your position. This approach can put you in a better position.
As the market tends to revert to the mean, itâs likely that prices will return to your entry point (except for rare exceptions). When the market moves in your favor, you need to be patient, wait for some upside, and then close your position to take profit.
$BNB @dappOS_com
See original
#FYI
LIVECriptoniano
--
In each rate cut, the S&P 500 corrects 42.5% on average over 6 and 12 months.
But there is one fact that we must take into account:
All these large corrections have occurred because these cuts came as a late response to a recession:
-2000 (-51%): Dotcom bubble.
-2007 (-58%): Global crisis.
-2019 (-35%): Pandemic.
However, historically there have also been other cuts in times of economic expansion, which were made to counteract only early signs of slowdown (as could be the current case).
In these cases, the corrections have been unremarkable.
Conclusions? The reduction of rates is not usually the catalyst for these corrections, but the crises that follow.
It is clear that the Fed cuts rates when it sees that "something is not working", but this time I doubt that we are facing a strong recession, but rather a mere slowdown.
But there is one fact that we must take into account:
All these large corrections have occurred because these cuts came as a late response to a recession:
-2000 (-51%): Dotcom bubble.
-2007 (-58%): Global crisis.
-2019 (-35%): Pandemic.
However, historically there have also been other cuts in times of economic expansion, which were made to counteract only early signs of slowdown (as could be the current case).
In these cases, the corrections have been unremarkable.
Conclusions? The reduction of rates is not usually the catalyst for these corrections, but the crises that follow.
It is clear that the Fed cuts rates when it sees that "something is not working", but this time I doubt that we are facing a strong recession, but rather a mere slowdown.
See original
LIVECrypto PM
--
BlackRock Just Invested $1 Billion in The DeFi Sector
They're pumping money into multiple RWA projects but no one is currently talking about it.
I've traced their wallets and found which tokens they accumulateđđ§”
BlackRock, the worldâs largest asset manager, is looking to participate in MakerDAOâs program and bring $1 Billion of tokenized assets onto the platform.
MakerDAO has recently begun to diversify its backing assets by partnering with multiple large funds and investing in RWA.
This investment means a huge boost for many RWA protocols due to its sheer size and the huge initial inflow.
Most #RWA projects will indirectly benefit from it, but smart traders are mainly interested in the projects directly related to MakerDAO and BlackRock.
I've scanned multiple BlackRock and MakerDAO wallets to find which tokens they've invested in.
Naturally, these tokens have the biggest potential to pump 100x in Q3-Q4đ
â«ïž $ONDO @OndoFoundation
is building the on-chain financial software to manage tokenized RWA and traditional crypto products.
Ondo has confirmed its participation in MakerDAO's program.
âą Price: $0.93
âą Market Cap: $1.3B
â«ïž $MKR @MakerDAO
is a software platform that allows users to issue and manage the $DAI stablecoin.
Their governance token (MKR) has already jumped on the news.
âą Price: $2,598
âą Market Cap: $2.4B
â«ïž $LINK @Chainlink
is a decentralized oracle network that enables blockchain platforms to securely interact with external data.
Chainlink partnered with MakerDAO back in 2023 and can greatly benefit from the recent investment.
âą Price: $12.95
âą Market Cap: $7.8B
â«ïž $OM @MANTRA
is a security-first RWA L1 Blockchain, capable of adherence and enforcement of real-world regulatory requirements.
Mantra is arguably the perfect tool for MakerDAO's tokenization plans.
âą Price: $1.2
âą Market Cap: $990M
â«ïž $TOKEN @tokenfi
aims to simplify the crypto and asset tokenization process and eventually become the foremost tokenization platform in the world.
TokenFi is a simple all-in-one platform where anyone can tokenize RWA.
âą Price: $0.067
âą Market Cap: $67M
â«ïž $APW @spectra_finance
is the first protocol for future yield tokenization.
The fact that MakerDAO invested in Spectra instantly caught my attention. There are also a few whale wallets that have been accumulating this thing since March.
âą Price: $0.38
âą Market Cap: $3.72M
â«ïž $SAFE @safe
is the most popular multi-sign wallet that helps individuals and businesses manage their digital assets securely.
MakerDAO is heavily invested in Safe and holds million-worth $SAFE tokens in their main wallets.
âą Price: $1.14
âą Market Cap: $487M
â«ïž $PENDLE @Pendle
is a protocol that enables the tokenization and trading of future yield.
Pendle has a great utility for RWA and may receive a huge chunk of that $1 Billion investment from BlackRock and MakerDAO.
âą Price: $3.72
âą Market Cap: $581M
â«ïž $UNI @Uniswap Protocol
is a decentralized cryptocurrency exchange that uses a set of smart contracts to create liquidity pools for the execution of trades.
MakerDAO directly uses Uniswap to keep the price of $DAI stable.
âą Price: $7.17
âą Market Cap: $4.3B
â«ïž $AAVE @aave
is a protocol to create Non-Custodial Liquidity Markets to earn interest on supplying and borrowing assets.
Aave is somewhat similar to MakerDAO itself and could be the next in line to start tokenizing the assets.
âą Price: $87.37
âą Market Cap: $1.3B
That's a wrap for now!
Don't forget to Like, Bookmark and SHARE this ARTICLE if you found it helpful!
Follow @Crypto PM for more CONTENT like this —ïž
#WhaleAlert #Whale.Alert #CryptoPM_Youtube #BlackRockâ© #DeFi
I've traced their wallets and found which tokens they accumulateđđ§”
BlackRock, the worldâs largest asset manager, is looking to participate in MakerDAOâs program and bring $1 Billion of tokenized assets onto the platform.
MakerDAO has recently begun to diversify its backing assets by partnering with multiple large funds and investing in RWA.
This investment means a huge boost for many RWA protocols due to its sheer size and the huge initial inflow.
Most #RWA projects will indirectly benefit from it, but smart traders are mainly interested in the projects directly related to MakerDAO and BlackRock.
I've scanned multiple BlackRock and MakerDAO wallets to find which tokens they've invested in.
Naturally, these tokens have the biggest potential to pump 100x in Q3-Q4đ
â«ïž $ONDO @OndoFoundation
is building the on-chain financial software to manage tokenized RWA and traditional crypto products.
Ondo has confirmed its participation in MakerDAO's program.
âą Price: $0.93
âą Market Cap: $1.3B
â«ïž $MKR @MakerDAO
is a software platform that allows users to issue and manage the $DAI stablecoin.
Their governance token (MKR) has already jumped on the news.
âą Price: $2,598
âą Market Cap: $2.4B
â«ïž $LINK @Chainlink
is a decentralized oracle network that enables blockchain platforms to securely interact with external data.
Chainlink partnered with MakerDAO back in 2023 and can greatly benefit from the recent investment.
âą Price: $12.95
âą Market Cap: $7.8B
â«ïž $OM @MANTRA
is a security-first RWA L1 Blockchain, capable of adherence and enforcement of real-world regulatory requirements.
Mantra is arguably the perfect tool for MakerDAO's tokenization plans.
âą Price: $1.2
âą Market Cap: $990M
â«ïž $TOKEN @tokenfi
aims to simplify the crypto and asset tokenization process and eventually become the foremost tokenization platform in the world.
TokenFi is a simple all-in-one platform where anyone can tokenize RWA.
âą Price: $0.067
âą Market Cap: $67M
â«ïž $APW @spectra_finance
is the first protocol for future yield tokenization.
The fact that MakerDAO invested in Spectra instantly caught my attention. There are also a few whale wallets that have been accumulating this thing since March.
âą Price: $0.38
âą Market Cap: $3.72M
â«ïž $SAFE @safe
is the most popular multi-sign wallet that helps individuals and businesses manage their digital assets securely.
MakerDAO is heavily invested in Safe and holds million-worth $SAFE tokens in their main wallets.
âą Price: $1.14
âą Market Cap: $487M
â«ïž $PENDLE @Pendle
is a protocol that enables the tokenization and trading of future yield.
Pendle has a great utility for RWA and may receive a huge chunk of that $1 Billion investment from BlackRock and MakerDAO.
âą Price: $3.72
âą Market Cap: $581M
â«ïž $UNI @Uniswap Protocol
is a decentralized cryptocurrency exchange that uses a set of smart contracts to create liquidity pools for the execution of trades.
MakerDAO directly uses Uniswap to keep the price of $DAI stable.
âą Price: $7.17
âą Market Cap: $4.3B
â«ïž $AAVE @aave
is a protocol to create Non-Custodial Liquidity Markets to earn interest on supplying and borrowing assets.
Aave is somewhat similar to MakerDAO itself and could be the next in line to start tokenizing the assets.
âą Price: $87.37
âą Market Cap: $1.3B
That's a wrap for now!
Don't forget to Like, Bookmark and SHARE this ARTICLE if you found it helpful!
Follow @Crypto PM for more CONTENT like this —ïž
#WhaleAlert #Whale.Alert #CryptoPM_Youtube #BlackRockâ© #DeFi
Fair Value Gap
LIVEKasonso-Cryptography
--
FVG?
The Fair Value Gap (FVG) is a powerful tool used by traders to identify market imbalances and inefficiencies.
Here are the key points about FVGs:
Definition: FVGs occur when buying or selling pressure leads to significant price movements, leaving behind gaps on price charts. These gaps represent areas where the market has deviated from its fair value.
Formation: On a price chart, an FVG appears as a three-candlestick pattern. In a bullish scenario:
The top wick of the first candlestick does not connect with the bottom wick of the third candlestick.
The gap created by the wicks of the first and third candlesticks is the Fair Value Gap.
Similarly, in a bearish scenario, the bottom wick of the first candlestick does not connect with the top wick of the third candlestick.
Natural Correction: The FVG concept is based on the belief that the market tends to correct itself. These price disparities are not sustainable long-term, and the market tends to gravitate back towards fair value before continuing in the same direction as the initial move.
Identification: Traders spot FVGs by analyzing significant candlestick patterns on crypto trading charts. These gaps should not have overlapping candles.
Remember, FVGs provide valuable insights for traders seeking trading opportunities and understanding market dynamics. đđ
Not financial advice do your own research đŹ
The Fair Value Gap (FVG) is a powerful tool used by traders to identify market imbalances and inefficiencies.
Here are the key points about FVGs:
Definition: FVGs occur when buying or selling pressure leads to significant price movements, leaving behind gaps on price charts. These gaps represent areas where the market has deviated from its fair value.
Formation: On a price chart, an FVG appears as a three-candlestick pattern. In a bullish scenario:
The top wick of the first candlestick does not connect with the bottom wick of the third candlestick.
The gap created by the wicks of the first and third candlesticks is the Fair Value Gap.
Similarly, in a bearish scenario, the bottom wick of the first candlestick does not connect with the top wick of the third candlestick.
Natural Correction: The FVG concept is based on the belief that the market tends to correct itself. These price disparities are not sustainable long-term, and the market tends to gravitate back towards fair value before continuing in the same direction as the initial move.
Identification: Traders spot FVGs by analyzing significant candlestick patterns on crypto trading charts. These gaps should not have overlapping candles.
Remember, FVGs provide valuable insights for traders seeking trading opportunities and understanding market dynamics. đđ
Not financial advice do your own research đŹ
Brilliant.
LIVEYoutwobear
--
here is the mistakes to avoid losses in bullrun
10 of my friends made $100k+ last bull run.
9 of them ended it with almost $0 (including me).
Most people will end this bull market with $0.
They will make same mistakes that will cost them all profits.
Here're 15 mistakes to AVOID in bull markets đ§”đ
âź I will reveal a secret that many are not even aware of - most of you will end this bull market with $0
⧠You will make preventable mistakes that cost life-changing wealth, and that's normal, everyone does it
⧠But you have a chance to avoid them by reading this thread:
âź Framework is everything
⧠Most of us are here to make as much money as possible
⧠But few truly understand what they are doing
⧠Selling a blue chip to invest in a shitcoin or adding to a margin call, etc
But here's how it should look:
âź You should have 3 portfolios:
1) Long-term with mostly blue chips, $BTC, and $ETH that are held on a cold wallet
2) Mid-term with alts from the current narratives of the cycle
3) Short-term, degen/gambling plays
Profits should rotate to strong and safe projects
âź Nothing repeats twice in the same way
⧠There are really cycles in crypto, but that doesnât mean you can repeat all the same actions and earn money
⧠Cycles are cyclical but play out differently, so stay flexible
The only thing that is always the same is human psychology
âź Fundamentals over Pumpamentals
A bull market is all about speculations, so donât overdo the analysis
Look for projects that can create hype, have an interesting story, and where people understand what theyâre doing
Too much reliance on only fundamentals will get you wrecked
âź TP/SL
⧠The most common issue is never taking profits (TP) and setting stop-losses (SL)
⧠And it mostly happens because we donât have a specific plan before purchasing a token and just go with the flow
So, what should you do before investing:
âź Before investing, define the goal of your investment and what you are doing:
âą Degen/gamble
âą Mid-term/narrative
âą Solid/long-term
Based on this, you will be able to set TP and SL accordingly
âź Riding Narratives
⧠The key to success in crypto is finding the narrative early
⧠And you need to ride them as hard as possible
⧠Find the trend, see the potential, invest, and take profits
âź Too diversified/under diversified
⧠Diversification is necessary for a slightly larger portfolio
⧠But over- or under-diversification will lead to losing everything
⧠You can't keep up with that many projects, so focus on 5-10 projects
âź Rotating Every Second
⧠Narratives last quite a long time in a bull market, from 3 to even 10 months
⧠So, don't rotate yourself out of profits
⧠Wait for the right moment for both investing and taking profits
Like if the trend appears in X too much, time to take profit
âź Cognitive Biases
⧠One of the biggest mistakes for most people, including more experienced ones in crypto, is that they succumb to cognitive biases
To avoid this, you need to know them
There are too many, so Iâm just leaving a thread with 20
âź Fading Momentum
⧠Letâs say the token you didn't invest in has given a 100% increase
⧠Now you think itâs too expensive, and the price might give another 5x
⧠Remember, this is a bull market, and price is a narrative
So donât hesitate too much
âź Liked this thread? I write educational threads daily, so don't forget to:
⧠Follow me đ
9 of them ended it with almost $0 (including me).
Most people will end this bull market with $0.
They will make same mistakes that will cost them all profits.
Here're 15 mistakes to AVOID in bull markets đ§”đ
âź I will reveal a secret that many are not even aware of - most of you will end this bull market with $0
⧠You will make preventable mistakes that cost life-changing wealth, and that's normal, everyone does it
⧠But you have a chance to avoid them by reading this thread:
âź Framework is everything
⧠Most of us are here to make as much money as possible
⧠But few truly understand what they are doing
⧠Selling a blue chip to invest in a shitcoin or adding to a margin call, etc
But here's how it should look:
âź You should have 3 portfolios:
1) Long-term with mostly blue chips, $BTC, and $ETH that are held on a cold wallet
2) Mid-term with alts from the current narratives of the cycle
3) Short-term, degen/gambling plays
Profits should rotate to strong and safe projects
âź Nothing repeats twice in the same way
⧠There are really cycles in crypto, but that doesnât mean you can repeat all the same actions and earn money
⧠Cycles are cyclical but play out differently, so stay flexible
The only thing that is always the same is human psychology
âź Fundamentals over Pumpamentals
A bull market is all about speculations, so donât overdo the analysis
Look for projects that can create hype, have an interesting story, and where people understand what theyâre doing
Too much reliance on only fundamentals will get you wrecked
âź TP/SL
⧠The most common issue is never taking profits (TP) and setting stop-losses (SL)
⧠And it mostly happens because we donât have a specific plan before purchasing a token and just go with the flow
So, what should you do before investing:
âź Before investing, define the goal of your investment and what you are doing:
âą Degen/gamble
âą Mid-term/narrative
âą Solid/long-term
Based on this, you will be able to set TP and SL accordingly
âź Riding Narratives
⧠The key to success in crypto is finding the narrative early
⧠And you need to ride them as hard as possible
⧠Find the trend, see the potential, invest, and take profits
âź Too diversified/under diversified
⧠Diversification is necessary for a slightly larger portfolio
⧠But over- or under-diversification will lead to losing everything
⧠You can't keep up with that many projects, so focus on 5-10 projects
âź Rotating Every Second
⧠Narratives last quite a long time in a bull market, from 3 to even 10 months
⧠So, don't rotate yourself out of profits
⧠Wait for the right moment for both investing and taking profits
Like if the trend appears in X too much, time to take profit
âź Cognitive Biases
⧠One of the biggest mistakes for most people, including more experienced ones in crypto, is that they succumb to cognitive biases
To avoid this, you need to know them
There are too many, so Iâm just leaving a thread with 20
âź Fading Momentum
⧠Letâs say the token you didn't invest in has given a 100% increase
⧠Now you think itâs too expensive, and the price might give another 5x
⧠Remember, this is a bull market, and price is a narrative
So donât hesitate too much
âź Liked this thread? I write educational threads daily, so don't forget to:
⧠Follow me đ
LIVE
Binance News
--
Five Ethereum Spot ETFs to Begin Trading on July 23
According to BlockBeats, the Chicago Board Options Exchange (Cboe) has officially confirmed that five Ethereum spot ETFs from VanEck, Invesco, Fidelity, 21Shares, and Franklin Templeton will commence trading on July 23.
See original
LIVESamina Khan
--
Don't be misled into thinking that MtGox is responsible for the current market downturn. They'll be returning tokens over the next three months, and exchanges will hold them for up to 90 days after that.
This means that the last refund won't be available for sale for six months, which is a relatively small amount of 800 coins per day.
This is a drop in the bucket compared to the daily volume of $40-50 billion.
The MtGox refund is essentially insignificant, and Germany's sale of BTC is also a small amount. The recent price drop isn't a dump, but rather a healthy correction.
I'm expecting the price to dip slightly below $50k before rising again to around $100k this year.
I'm not panicking, but instead, I'm buying more BTC and considering other coins like SOL and PEOPLE. If the price drops another 10-20%, I'll be buying more.
#Write2Earn! #Bitcoinâ
This means that the last refund won't be available for sale for six months, which is a relatively small amount of 800 coins per day.
This is a drop in the bucket compared to the daily volume of $40-50 billion.
The MtGox refund is essentially insignificant, and Germany's sale of BTC is also a small amount. The recent price drop isn't a dump, but rather a healthy correction.
I'm expecting the price to dip slightly below $50k before rising again to around $100k this year.
I'm not panicking, but instead, I'm buying more BTC and considering other coins like SOL and PEOPLE. If the price drops another 10-20%, I'll be buying more.
#Write2Earn! #Bitcoinâ
See original
LIVECrypto Insiders
--
Understanding candles - How To Grow Your Trading Accuracy - Practical Tutorial
Intraday trading is a method of investing in cryptocurrencies where the trader buys and sells cryptocurrencies on the same day without any open positions left by the end of the day. Hence, intraday traders try to either purchase a cryptocurrency at a low price and sell it higher or short-sell a cryptocurrency at a high price and buy it lower within the same day. This requires a good understanding of the market and relevant information that can help them make the right decisions. In the cryptocurrency market, the price of a cryptocurrency is determined by its demand and supply among other factors.
Tools such as candlestick chart patterns offer great help to traders. We will talk about these Candlestick Charts and offer steps to help you read them.
What are Candlestick Graphs/Charts?
Candlesticks are a visual representation of the size of price fluctuations. Traders use these charts to identify patterns and gauge the near-term direction of price in the cryptocurrency market.
Composition of a Candlestick Chart
This is how a candlestick chart pattern looks like:
ï»ż
As you can see, there are several horizontal bars or candles that form this chart. Each candle has three parts:
The BodyUpper ShadowLower Shadow
ï»ż
Also, the body is colored either Red or Green. Each candle is a representation of a time period and the data corresponds to the trades executed during that period.
A candle has four points of data:
How to Analyze Candlestick Chart for Cryptocurrencies
The body of the candle in a candlestick chart represents the opening and closing price of the trading done during the period for a particular cryptocurrency. Understanding this is crucial for candlestick trading. Traders can quickly see the price range of the cryptocurrency for the said period by looking at the chart. Moreover, the color of the body indicates whether the price is rising or falling. For instance, if a candlestick chart for a month with each candle representing a day has more consecutive red candles, then traders know that the cryptocurrency's price is falling.
Vertical lines called wicks or shadows above and below the body show the highs and lows of the traded price of the cryptocurrency. Traders can use this information to analyze the sentiment of the market towards the cryptocurrency.
Candlestick Chart Patterns
Candlestick charts are an excellent way of understanding investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc., in the cryptocurrency market. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and next candles. To benefit from them, it is important that traders understand patterns in candlestick charts.
Let's divide the patterns into two sections:
Bullish PatternsBearish Patterns
Analyzing these patterns can help traders make informed decisions about buying or selling cryptocurrencies.
Bullish Patterns
Hammer pattern
This is a candle with a short body and a long lower wick. It is usually located at the bottom of a downward trend. It indicates that despite selling pressures, a strong buying surge pushed the prices up. If the body is green, it indicates a stronger bull market than a red body.
ï»ż
Inverse Hammer pattern
This is a candle with a short body and a long upper wick. It is usually located at the bottom of a downward trend too. It indicates buying pressure followed by selling pressure. It also indicates that buyers will soon have control.
ï»ż
Bullish Engulfing pattern
This is a pattern of two candlesticks where the first candle is a short red one engulfed by a large green candle. It indicates a bullish market that pushes the price up despite opening lower than the previous day.
ï»ż
Piercing Line pattern
This is a two-candle pattern having a long red candle followed by a long green candle. Also, the closing price of the second candle must be more than half-way up the body of the first candle. This indicates strong buying pressure.
ï»ż
Morning Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reduction of the selling pressure and the onset of a bull market.
ï»ż
Three White Soldiers pattern
This is a three-candle pattern that has three green candles with small wicks. These candles open and close higher than the previous day. After a downtrend, this is a strong indication of an upcoming bull trend.
ï»ż
Bearish Patterns
Hanging Man pattern
This is a candle with a short body and a long lower wick. It is usually located at the top of an upward trend. It indicates that the selling pressures were stronger than the buying thrust. It also indicates that bears are gaining control of the market.
ï»ż
Shooting Star pattern
This is a candle with a short body and a long upper wick. It is usually located at the top of an upward trend too. Usually, the market opens higher than the previous day and rallies a bit before crashing like a shooting star. It indicates selling pressure taking over the market.
ï»ż
Bearish Engulfing pattern
In candlestick chart analysis, this is a pattern of two candlesticks where the first candle is a short green one engulfed by a large red candle. It usually occurs at the top of an upward trend. It indicates a slowdown in the market rise and an upcoming downtrend. If the red candle is lower, the downtrend is usually more significant.
ï»ż
Evening Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reversal of an upward trend. This is more significant if the third candle overcomes the gains of the first candle.
ï»ż
Three Black Crows pattern
This is a three-candle pattern that has three consecutive red candles with short wicks. These candles open and close lower than the previous day. After an upward trend, this is a strong indication of an upcoming bear market.
ï»ż
Chart patterns can be used to understand trends and sentiment of the cryptocurrency markets. There are several other patterns to explore in order to gain a deeper understanding of market movements. Use this as a starting point and continue to learn and refine your analysis skills.
Happy trades and successful investments!
#Write2Earn⏠#Bitcoin #Binance
$BTC
$ETH
$SOL
$BNB
Tools such as candlestick chart patterns offer great help to traders. We will talk about these Candlestick Charts and offer steps to help you read them.
What are Candlestick Graphs/Charts?
Candlesticks are a visual representation of the size of price fluctuations. Traders use these charts to identify patterns and gauge the near-term direction of price in the cryptocurrency market.
Composition of a Candlestick Chart
This is how a candlestick chart pattern looks like:
ï»ż
As you can see, there are several horizontal bars or candles that form this chart. Each candle has three parts:
The BodyUpper ShadowLower Shadow
ï»ż
Also, the body is colored either Red or Green. Each candle is a representation of a time period and the data corresponds to the trades executed during that period.
A candle has four points of data:
How to Analyze Candlestick Chart for Cryptocurrencies
The body of the candle in a candlestick chart represents the opening and closing price of the trading done during the period for a particular cryptocurrency. Understanding this is crucial for candlestick trading. Traders can quickly see the price range of the cryptocurrency for the said period by looking at the chart. Moreover, the color of the body indicates whether the price is rising or falling. For instance, if a candlestick chart for a month with each candle representing a day has more consecutive red candles, then traders know that the cryptocurrency's price is falling.
Vertical lines called wicks or shadows above and below the body show the highs and lows of the traded price of the cryptocurrency. Traders can use this information to analyze the sentiment of the market towards the cryptocurrency.
Candlestick Chart Patterns
Candlestick charts are an excellent way of understanding investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc., in the cryptocurrency market. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and next candles. To benefit from them, it is important that traders understand patterns in candlestick charts.
Let's divide the patterns into two sections:
Bullish PatternsBearish Patterns
Analyzing these patterns can help traders make informed decisions about buying or selling cryptocurrencies.
Bullish Patterns
Hammer pattern
This is a candle with a short body and a long lower wick. It is usually located at the bottom of a downward trend. It indicates that despite selling pressures, a strong buying surge pushed the prices up. If the body is green, it indicates a stronger bull market than a red body.
ï»ż
Inverse Hammer pattern
This is a candle with a short body and a long upper wick. It is usually located at the bottom of a downward trend too. It indicates buying pressure followed by selling pressure. It also indicates that buyers will soon have control.
ï»ż
Bullish Engulfing pattern
This is a pattern of two candlesticks where the first candle is a short red one engulfed by a large green candle. It indicates a bullish market that pushes the price up despite opening lower than the previous day.
ï»ż
Piercing Line pattern
This is a two-candle pattern having a long red candle followed by a long green candle. Also, the closing price of the second candle must be more than half-way up the body of the first candle. This indicates strong buying pressure.
ï»ż
Morning Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reduction of the selling pressure and the onset of a bull market.
ï»ż
Three White Soldiers pattern
This is a three-candle pattern that has three green candles with small wicks. These candles open and close higher than the previous day. After a downtrend, this is a strong indication of an upcoming bull trend.
ï»ż
Bearish Patterns
Hanging Man pattern
This is a candle with a short body and a long lower wick. It is usually located at the top of an upward trend. It indicates that the selling pressures were stronger than the buying thrust. It also indicates that bears are gaining control of the market.
ï»ż
Shooting Star pattern
This is a candle with a short body and a long upper wick. It is usually located at the top of an upward trend too. Usually, the market opens higher than the previous day and rallies a bit before crashing like a shooting star. It indicates selling pressure taking over the market.
ï»ż
Bearish Engulfing pattern
In candlestick chart analysis, this is a pattern of two candlesticks where the first candle is a short green one engulfed by a large red candle. It usually occurs at the top of an upward trend. It indicates a slowdown in the market rise and an upcoming downtrend. If the red candle is lower, the downtrend is usually more significant.
ï»ż
Evening Star pattern
This is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reversal of an upward trend. This is more significant if the third candle overcomes the gains of the first candle.
ï»ż
Three Black Crows pattern
This is a three-candle pattern that has three consecutive red candles with short wicks. These candles open and close lower than the previous day. After an upward trend, this is a strong indication of an upcoming bear market.
ï»ż
Chart patterns can be used to understand trends and sentiment of the cryptocurrency markets. There are several other patterns to explore in order to gain a deeper understanding of market movements. Use this as a starting point and continue to learn and refine your analysis skills.
Happy trades and successful investments!
#Write2Earn⏠#Bitcoin #Binance
$BTC
$ETH
$SOL
$BNB
See original
LIVEGem100xhunter
--
Bullish
Read this carefully!
Buying altcoins now is a good time, yes it may pull back 10-20% more but we are in an area of reversal, risk to reward is good. $ETH is starting to outperform $BTC this is a good sign for the rest of the altcoins to follow. remember how money works in crypto. Money goes from USD to BTC, BTC to ETH, ETH to altcoins. This is how the cycle works. Odds of finding a gem that would do 500x is small. Do not bet on that. Pick quality at coins with decent marketcap. If you have below 10k usd, do not buy BTC and ETH. Those tokens will make you money but will not make you rich. Leverage is not necessary to gain. If you look at altcoins like $SOL , alot of them did a 10-20x already from the bear market low. While btc and eth only did a 4-5x. As money in crypto rise, the growth of alts will rapidly increase and ETH and BTC growth will decrease.
Most of you know this already. This post is for new traders hoping to make it in crypto.
Goodluck and happy bullrun. đ«°đœđđœ
Buying altcoins now is a good time, yes it may pull back 10-20% more but we are in an area of reversal, risk to reward is good. $ETH is starting to outperform $BTC this is a good sign for the rest of the altcoins to follow. remember how money works in crypto. Money goes from USD to BTC, BTC to ETH, ETH to altcoins. This is how the cycle works. Odds of finding a gem that would do 500x is small. Do not bet on that. Pick quality at coins with decent marketcap. If you have below 10k usd, do not buy BTC and ETH. Those tokens will make you money but will not make you rich. Leverage is not necessary to gain. If you look at altcoins like $SOL , alot of them did a 10-20x already from the bear market low. While btc and eth only did a 4-5x. As money in crypto rise, the growth of alts will rapidly increase and ETH and BTC growth will decrease.
Most of you know this already. This post is for new traders hoping to make it in crypto.
Goodluck and happy bullrun. đ«°đœđđœ
See original
LIVECaptainAltcoin
--
50 RWA Projects Poised for 20-100x Growth in the 2024 Bull Run Cycle
According to renowned crypto analyst Immortal, 50 projects in the Real World Assets (RWA) sector are set to experience a 20-100x price appreciation during this upcoming bull market.
In this article, we will explore the various sectors within the RWA space and highlight the projects that Immortal believes have the greatest potential for growth.
DeFi Sector
The Decentralized Finance (DeFi) sector has been a major driving force behind the growth of the cryptocurrency market in recent years. Within the RWA space, several DeFi projects are poised for significant gains, including:
$HIFI
$HTR
$SCLP
$REQ
$XVS
$RSR
$SNX
$MKR
$OMAX
These projects aim to revolutionize traditional financial services by providing decentralized alternatives that offer greater accessibility, transparency, and security.
Web 3 Sector
The Web 3 sector, which focuses on the development of a decentralized internet, is another area where RWA projects are expected to thrive. Some of the most promising projects in this sector include:
$ERN
$DEXTF
$LCD
$OGY
$EKTA
$ACQ
$VEXT
$OPUL
$WAG
These projects are working towards building a more open, collaborative, and user-centric web, where individuals have greater control over their data and online experiences.
Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK?
The key? Getting in early, especially during the ICO phase. Check out NuggetRush today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. Seize the opportunity with ongoing presale prices! Plus, prepare for $NUGXâs upcoming launch on major exchanges.
Show more +Show less â Layers Sector
The Layers sector encompasses projects that are building infrastructure and scaling solutions for blockchain networks. According to Immortal, the following projects in this sector have the potential for significant growth:
$LTO
$SCPT
$COREUM
$LSK
$XEP
$XDC
$AZERO
$XCH
These projects are focused on improving the scalability, interoperability, and efficiency of blockchain networks, enabling them to support a wider range of applications and use cases.
Networks Sector
The Networks sector includes projects that are building decentralized networks and protocols for various purposes, such as data storage, communication, and computation. Some of the most promising projects in this sector include:
$NXRA
$LMR
$CANTO
$DUSK
$CHEX
$POLYX
$OM
$RIO
$HASH
These projects aim to create more resilient, secure, and censorship-resistant networks that can support a wide range of decentralized applications and services.
Real Estate Sector
The Real Estate sector is a particularly exciting area within the RWA space, as it seeks to tokenize and democratize access to real estate investments. According to Immortal, the following projects in this sector are set for significant growth:
$HIFI
$PRO
$PRCL
$UBXS
$ELAND
$LABS
$CRE
$PROPC
These projects are leveraging blockchain technology to create more efficient, transparent, and accessible real estate markets, enabling investors to participate in a wider range of opportunities with lower barriers to entry.
Other Notable Projects
In addition to the sectors mentioned above, Immortal has identified several other RWA projects that have the potential for significant growth in the upcoming bull run cycle. These include:
$BTM
$UNO
$HZN
$P3D
$RBN
$NPT
$APE
$CGO
These projects span a wide range of use cases and industries, showcasing the diversity and potential of the RWA space.
As the cryptocurrency market prepares for the 2024 bull run cycle, the Real World Assets sector is poised for explosive growth. With 50 projects identified by analyst Immortal as having the potential for 20-100x price appreciation, investors have a unique opportunity to capitalize on the emerging trends and innovations within the RWA space.
Hunting for a small cap coin that could explode 10x? Weâve unveiled a few last week alone.Get all our future calls by joining our FREE Telegram community.
Check NuggetRush ($NUGX) Sponsored: Invest Responsibly, Do Your Own Research. Buy NUGX Today Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices A unique play-to-earn gaming platform in the memecoin market The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience Fosters a strong community by encouraging physical meetups among members NFT Integration with Prominent Characters
The post 50 RWA Projects Poised for 20-100x Growth in the 2024 Bull Run Cycle appeared first on CaptainAltcoin.
In this article, we will explore the various sectors within the RWA space and highlight the projects that Immortal believes have the greatest potential for growth.
DeFi Sector
The Decentralized Finance (DeFi) sector has been a major driving force behind the growth of the cryptocurrency market in recent years. Within the RWA space, several DeFi projects are poised for significant gains, including:
$HIFI
$HTR
$SCLP
$REQ
$XVS
$RSR
$SNX
$MKR
$OMAX
These projects aim to revolutionize traditional financial services by providing decentralized alternatives that offer greater accessibility, transparency, and security.
Web 3 Sector
The Web 3 sector, which focuses on the development of a decentralized internet, is another area where RWA projects are expected to thrive. Some of the most promising projects in this sector include:
$ERN
$DEXTF
$LCD
$OGY
$EKTA
$ACQ
$VEXT
$OPUL
$WAG
These projects are working towards building a more open, collaborative, and user-centric web, where individuals have greater control over their data and online experiences.
Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK?
The key? Getting in early, especially during the ICO phase. Check out NuggetRush today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. Seize the opportunity with ongoing presale prices! Plus, prepare for $NUGXâs upcoming launch on major exchanges.
Show more +Show less â Layers Sector
The Layers sector encompasses projects that are building infrastructure and scaling solutions for blockchain networks. According to Immortal, the following projects in this sector have the potential for significant growth:
$LTO
$SCPT
$COREUM
$LSK
$XEP
$XDC
$AZERO
$XCH
These projects are focused on improving the scalability, interoperability, and efficiency of blockchain networks, enabling them to support a wider range of applications and use cases.
Networks Sector
The Networks sector includes projects that are building decentralized networks and protocols for various purposes, such as data storage, communication, and computation. Some of the most promising projects in this sector include:
$NXRA
$LMR
$CANTO
$DUSK
$CHEX
$POLYX
$OM
$RIO
$HASH
These projects aim to create more resilient, secure, and censorship-resistant networks that can support a wide range of decentralized applications and services.
Real Estate Sector
The Real Estate sector is a particularly exciting area within the RWA space, as it seeks to tokenize and democratize access to real estate investments. According to Immortal, the following projects in this sector are set for significant growth:
$HIFI
$PRO
$PRCL
$UBXS
$ELAND
$LABS
$CRE
$PROPC
These projects are leveraging blockchain technology to create more efficient, transparent, and accessible real estate markets, enabling investors to participate in a wider range of opportunities with lower barriers to entry.
Other Notable Projects
In addition to the sectors mentioned above, Immortal has identified several other RWA projects that have the potential for significant growth in the upcoming bull run cycle. These include:
$BTM
$UNO
$HZN
$P3D
$RBN
$NPT
$APE
$CGO
These projects span a wide range of use cases and industries, showcasing the diversity and potential of the RWA space.
As the cryptocurrency market prepares for the 2024 bull run cycle, the Real World Assets sector is poised for explosive growth. With 50 projects identified by analyst Immortal as having the potential for 20-100x price appreciation, investors have a unique opportunity to capitalize on the emerging trends and innovations within the RWA space.
Hunting for a small cap coin that could explode 10x? Weâve unveiled a few last week alone.Get all our future calls by joining our FREE Telegram community.
Check NuggetRush ($NUGX) Sponsored: Invest Responsibly, Do Your Own Research. Buy NUGX Today Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices A unique play-to-earn gaming platform in the memecoin market The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience Fosters a strong community by encouraging physical meetups among members NFT Integration with Prominent Characters
The post 50 RWA Projects Poised for 20-100x Growth in the 2024 Bull Run Cycle appeared first on CaptainAltcoin.
