Enter the AIT Protocol, a trailblazer in the domain of Web3 data infrastructure.
The protocol introduces the concept of the labor market but more importantly suggests the "Train-to-Earn" tasks, a concept that simultaneously enables them to earn rewards while actively contributing to the progression of AI models and the development of cutting-edge solutions. đ
Low market cap, innovative project, strong interplay in the current AI narrative.
The co-founder of NEAR protocol, Illia Polosukhin will be part of a panel discussion alongside Jensen Huang (Founder and CEO of NVIDIA) and a bunch of others during an upcoming session at the Nvidia 2024 GTC AI conference on March 20th, "Transforming AI [S63046]". đ€Ż
The panel during this session is going to feature the authors of the paper "Attention Is All You Need" - the paper that introduced the transformer neural network architecture.
Picture this; BTC around ATH, AI is the narrative, the conference is themed around AI, and the co-founder of Near Protocol potentially announces something big on the stage. Off-course this is speculation, but I'll leave the rest up to you...
Link to paper: https://proceedings.neurips.cc/paper_files/paper/2017/file/3f5ee243547dee91fbd053c1c4a845aa-Paper.pdf
Link to session: https://www.nvidia.com/gtc/session-catalog/?search=Illia%20Polosukhin&tab.allsessions=1700692987788001F1cG
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For beginners, this is classic "double top pattern," and it is a bearish signal.
This should halt the great bull run by ARKM before it battles down and re-initiate. ARKM still has a lot of room for growth, and you should all definitely get back to this later.
For those interested, a similiar pattern, "double bottom," is also regarded as a bearish symbol.
Traders generally buy the Bitcoin (BTC) when the MACD crosses above its signal line (orange line) and Sell, or short, the Bitcoin (BTC) when the MACD (blue line) crosses below the signal line (orange line). Now, see the graph again...
My point being, BTC is trying to break the resistance and break ATH but the retail investors are not in yet (will speak more about this in another post) but for now, since next halving is estimated to take place on April 19th, 2024...roughly 49 days from now, it is too early for ATH to be materialized (unless BTC is actually meant to go up to $150K)
My theory (based on the MACD and 350DMA) is that the BTC sellout is about to begin, especially since the BTC Greed Index is also very high (80+).
What would happen next? If it tanks, it may well fall to $54,478. Only if it can break the ATH of $69,045, it would then rise to $73 or $75K but that seems too odd a scenario. It seems that the sellout is about to begin in the coming hours/days. Stay vigilant.