ETH 2 phases and why we need it?Hi friends
today i want to explain ETH 2.0 phases in short.
like you see in picture above it explain our need to ETH 2.0 so
i will summarize phases below:
Phase 0 : Beacon Chain
Phase 0 is the name given to the launch of the Beacon Chain.
The Beacon Chain will manage the Proof of Stake protocol for itself and all of the shard chains.
Once Phase 0 is complete, there will be two active Ethereum chains.
For the sake of clarity let’s call them the Eth1 chain (current, PoW main chain) and the Eth2 chain (new Beacon Chain)
During this phase, users will be able to send their ETH from the Eth1 chain to the Eth2 chain and become validators.
(They will NOT be able to migrate this ETH back to Eth1)
Phase 1 : Shard Chains
Shard chains are the key to future scalability as they allow parallel transaction throughput
and there will be 64 of them deployed in Phase 1 (with the possibility of adding more over time as hardware scales).
Shard validators, who are randomly selected by the Beacon Chain for each shard at each slot,
merely come to agreement on each block’s content.
Phase 2 : State Execution
Phase 2 is where the functionality of the entire system will start to come together.
Shard chains transition from simple data containers to a structured chain state and Smart Contracts will be reintroduced.
Phase 2 also introduces the concept of 'Execution Environments (EEs).
Every shard has access to all execution environments and has the ability
to make transactions within them as well as run and interact with smart contracts
hope this article is useful for you.
thank you all for your supports.
Phases
Candlesticks basically and Occurrence phase (P.1)Candlesticks basically and Occurrence phase (P.1)
Each combination pattern of candlesticks basically occurs in the above-mentioned situations (1) to (5).
List of each combination pattern
① Bottoming out
.Hitting the three skies
.Three-handed Yinxian
.The last hugging line
.Lucifer
.Abandoned bottom
.Large shadow line
.Takuri line
.Power line
.Shade skirt steak
.Unleashed five-handed black one bottom
.Yagura bottom
.A small black line
.The changing bottom of the seven hands
.Continuously lowered three stars
.Counterattack line
.Hugging sun line
.Close-up positive line
② Early rise
.Chi Sanping
.Five lower positive lines
.Press-in wire
.Raised insertion line
.Raise Sanho
.Breakthrough of Kabuse
.Continuous tasuki on the way up
.Top-off tasuki
.Cross on the way up
.Raised three stars
③Maturity
.Lined red
.Two consecutive hidden lines
.Higher continuous Taiyo line
.Wave high line
④ Ceiling
.Stepping up in the sky
.New price eight-handed profit line
.Three-handed throw-away line
.Deadline
.Three-winged glass
.Hanging line
.High-ranking hidden line
.Evening Venus
.Sun skirt steak
.The last hugging sun line
.Hugging shadow line
.Strike back the tsutai line
.One red five-handed
.Unleashed seven hands Daikoku
⑤Early fall
.Plug line
.Three hands
.Three methods of lowering
.Three-handed
.Continuous sash on the way down
.Haunted line
.Lower leg cross
.Two blacks
.Three stars down
.Five high-ranking hidden lines
.Close-up hidden line
3 Stages of Trading 🚨Every trader goes through these stages.
I remember starting out on demo thinking this would be the easiest way to make money quickly.
Oh, how I was wrong.
It seems like sunshine and rainbows on a demo account but when you move onto a live account, the real problems begin.
Your expectations of quick money quickly vanish due to the psychological aspects of trading.
This usually results in big losses.
Excitement is followed by pain, this is where most traders quit.
If you make it past the pain and develop, you will reach your trading goals.
Do these stages seem similar to your trading? 💬
Buying vs Selling Pt1- COLOR, Most have it completely backwardsI'm making a little educational series of tutorials to put some of my trading philosophies into writing for myself but also to help teach anyone interested or provide a fresh perspective to others.
Let's start with COLOR .
From indicator lines, fill regions, background colors, arrows, to barcolors (be it from an indicator or just the basic candle), most traders are looking at a green candle and a red candle in reverse. Novice traders see a big fat candle and think, "Wow, lots of BUYING" then see a huge red candle and think, "Lots of SELLING". I think we inherently associate green with money and like to see lots of green when we have long positions. And then we associate red with emotions of fear and panic, bad things.
Let's have a look at a chart of SPY using the "Ehlers Instantaneous Trend" with ribbon and barcolor to help identify trends and paint them the color we are accustomed to seeing-
Very quickly I'm sure a lot of people think the coloring makes sense and might be looking up the Ehler indicator right now (it is a really cool one so go ahead). What we're seeing is this-
Most of the time the green candles have been when SPY has been rising
Most of the time the red candles have been when SPY has been falling
Seems natural to buy when you see these green candles going up and sell/avoid buying when you see red candles going down.
The problem is that that's what dumb money does! They buy when smart money is SELLING. Those green candles are actually the result of a smart buyer who timed things correctly and bought at the lows and is now 1) holding onto their shares, 2) waiting for sell signals. And when those red candles start showing up, dumb money gets all panicky and starts selling their shares. They might wait for closing cost to fall beneath a moving average or some other indicator, then they start selling and voila- capitulation. The price those sellers get is probably not great and when it's all said and done was not very much above what their entry price was.
But as people are selling, smart money is BUYING. They are fishing for a bottom to start accumulating shares. They look for really 'red' days with lots of volume, a perfect cocktail of emotion that gets weak hands to tremble and chase the price down before capitulating and selling for whatever price they can get. And usually when this is occurring, the bottom forms.
Let's reverse the colors of the bars and start seeing things through the lens of smart money-
Now if you are still associating green with buying and red with selling, the world should make much more sense. When the candles turn green here you're a buyer and when they turn red you're a seller. That doesn't mean buy the first candle and every candle, all the time, every time. It means that is when you are waiting patiently for the most opportune moment to buy. And when these candles are red you aren't freaking out and selling, you tell yourself "I am looking for moments when I can take some profits off the board when we get really crazy moves up, and maybe replace some of those shares with a few new shares I purchase at lows or on some bad days". The point is that this is a selling phase. I will go into depth as to why selling phases go up*, because I know that's a concept that people struggle with psychologically. (* there's two kinds of selling, as well as buying, which we'll get into).
Here are some close-ups on candles and their default colors-
Same chart, colors flipped -
DFT - Break and seeIf we close above this rope, two targets are easily reachable.
-TP1 on building rope.
-TP2 on at the end of the supply predictive area for the next rope.
