My idea was always to modify the source code of bitcoin to implement sha512 as the private key and sha256 as the public key. Although it will be a bit more costly.
Paul Vai
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it was good while it lasted but sooner or later Bitcoin is going to be replaced.
They pay you for that in exchange for indoctrination and marketing. $6 free is nothing, we know very well that we have to earn at least $25 a day.
BlockchainBelle
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If it's in spot, it doesn't matter at what price you buy it as long as you have time to wait and trust in the computer science.
Alvaroand
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Is the market crashing? Don't worry, there's still hope!
In times like this, when the market seems to be crumbling faster than your dreams of financial freedom, we can always seek salvation in moving averages!
Is it the 72-period one? Maybe the 41? Or, who knows, the magical 123.5 (because sometimes the market respects averages with decimals, right?).
Surely at some moving average, the price is "bouncing". It's just a matter of adjusting the chart enough until we find "that" one that makes sense!
Because in the end, who needs to understand price action or liquidity when we can blindly follow a line that crosses our candles?
Hopeful conclusion:
Adjust your charts, friends. The price may be respecting grandma's EMA or that one you saw in a random forum. And if not, there's always the "200 Period Moving Average" to pray to; it never fails... until it does.
In the meantime, HODL and keep believing. Because in this market, faith is the last thing to lose.
The recent surge is attributed to increased institutional investment and favorable regulatory developments, such as the appointment of crypto advocate Paul Atkins to head the SEC.
Recommendations:
Risk Management: Implement stop-loss orders to protect against sudden downturns.
Monitoring: Keep an eye on RSI and MACD indicators for signs of trend reversals.
Diversification: Avoid overexposure to a single asset to mitigate risks.
In summary, Bitcoin shows strong bullish indicators but requires careful monitoring due to potential volatility.
Current Price: $0.1021 Intraday Range: High $0.1121 | Low $0.0617
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Key Indicators:
Moving Averages:
MA10: $0.095 (Bullish Crossover)
MA50: $0.089 (Uptrend Continuation)
MA200: $0.073 (Long-Term Support)
Momentum Indicators:
RSI: 65 (Bullish, near overbought zone)
MACD: Positive divergence, confirming momentum.
Stochastic: 83 (Overbought, risk of short-term correction).
---
Support and Resistance Levels:
Support:
Immediate: $0.090
Strong: $0.073
Resistance:
Immediate: $0.110
Strong: $0.120
---
Trend Analysis:
IDEX is in an upward trend supported by strong volume and bullish momentum. Indicators suggest potential for further gains but caution against overextension in the short term.
---
Conclusion:
IDEX shows bullish signs, with critical levels to monitor at $0.090 (support) and $0.110 (resistance). Short-term corrections may occur, but the trend remains positive.
The recent surge in TURBO's price and trading volume indicates strong bullish sentiment. However, the approach to overbought RSI levels warrants caution for potential short-term corrections.
Recommendations:
Risk Management: Implement stop-loss orders to protect against sudden downturns.
Monitoring: Keep an eye on RSI and MACD indicators for signs of trend reversals.
Diversification: Avoid overexposure to a single asset, especially in the volatile cryptocurrency market.
In summary, TURBO shows strong bullish indicators but requires careful monitoring due to potential volatility.
For long positions: $99,400 (below consolidation range).
For short positions: $100,300 (above resistance).
Leverage: Maximum 5x for control over potential losses in volatile movements.
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3. Indicators to Watch
RSI: Neutral at 50, but a move above 60 confirms bullish momentum. A drop below 40 confirms bearish pressure.
MACD: Weak bearish crossover; watch for sharper divergence to confirm a downward trend.
Volume: Ensure breakout/breakdown is supported by high volume. Low volume indicates false signals.
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4. Target Setting
Bullish Scenario:
Short-term: $100,652
Medium-term: $101,389
Risk-reward ratio: 1:2
Bearish Scenario:
Short-term: $99,000
Medium-term: $98,500
Risk-reward ratio: 1:2.5
---
Execution Strategy
Entry: Enter on confirmation of breakout/breakdown. Avoid preemptive trades.
Exit: Use trailing stop-loss to lock profits if momentum stalls near the first target.
Adapt: React to unexpected news/events, as high-risk operations demand flexibility.
Note: High-risk trades should constitute a small portion of your portfolio due to their speculative nature. Proceed with calculated strategies and consistent monitoring.