Crypto collective intelligence platform to price illiquid assetsWhile the valuation of tokens on-chain and on DEX/CEX exchanges is easily achieved through a traditional order book or various AMMs, there are still massive problems valuing NFTs, pre-IDOs/IPOs, secondary tokens and other illiquid assets. The problem goes so far that even in traditional finance, valuing illiquid assets is usually costly, subjective and involves a lot of work. Lithium addresses the issue of unavailable pricing information of illiquid assets by bringing in accurate pricing through collective intelligence and tokenomics. Lithium is applicable to both digital and real world assets, all Price Seekers have to do is to submit their enquiry attached with a bounty offer to receive genuine pricing information from Price Experts who in turn, are incentivized by our platform’s tokenomics.
Dates to remember:
Testnet product release (Matic): Target Launch Jun 30th, 2022
Mainnet Beta product release (Matic): Target Launch Sep 30th, 2022
Investors:
Almaeda research, Pantera, FBG, Petrock, and much more known VCs.
About 25% of the tokens are already in circulation, the remaining 75% will be elicited over the next 4 years, including staking rewards as an incentive for participation in pricing.. We are currently (to this date) 50% below the seed price (0.003$).
Potential:
The idea and potential to fill a gap in the market that both DeFi and the traditional world are truly unique. The core team has specific knowledge and experience for this project. It is also that the team, with its very many known investors, has a very large network, with extensive ressourecn and enough capital to make ends meet over the next few years. As we are currently below the seed price, the risk/reward ratio here is more than good. It's quite unusual to get into a promising project below seed price of known brands such as Pantera.
Short-term:
TP: 0,003, 0,0045, 0,006, 0,01,
Mid-term:
0,03, 0,06 , 0,1
Long-term
0,15 , 0,20, 0,50
This is not a recommendation to buy or sell or trade $LITH tokens. Do always your own research and never invest more than you can afford to lose. This is not an investment advise.
Blockchain
BTC Detailed Top-Down Analysis - Day 115Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
115 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
5 Key Points for Blockchain Future 5 Key Points for Blockchain Future
During 2020-2022, the blockchain industry experienced extremely rapid changes. From 2019 to the first half of 2020, there were almost no interesting primary projects and new ideas, until Compound directly drove the Defi boom, then followed by DEX, NFT, Metaverse, GameFi, and the upsurge of entrepreneurship.
However, all industries of life follow the law of nature and the law of harmony between Yin and Yang. When the tide rises, the tide will ebb.
The last wave of the X to Earn boom will be driven by StepN in 2022, when the "grand debut" of the LUNA crash, the top 3 in the industry, directly cools down the overheated market just like the arrival of the moon at night. Combined with the global supply-side imbalances caused by the Fed's interest rate hike strategy and the Russia-Ukraine conflict, the market has experienced extreme volatility and uncertainty.
The sudden breakup of two supposedly friendly exchanges, Binance and FTX, is an indirect reminder that we are living in a period of extreme instability and diversification. The black swan and the white swan are more indistinguishable.
There are great opportunities and uncertainties in the future. In order to better embrace the new rhythm, we may pay attention to the following five points:
(The Chinese version was published at Nov, if you like reading Chinese, you can find that version)
1. The blockchain world will expand larger ecosystems and exchanges, but not need as many.
From the historical trend, everything is going to be unified after merger and elimination, and it is the same in the field of blockchain.
Now, the ecology of the large platform of the layer 1 public chain has gradually entered the white-hot stage of the competition. With the test of the bear market, it is inevitable that more than one LUNA and FTX will leave and be eliminated from the projects and exchanges we are familiar with.
Of course, the fierce competition is also the alchemist of high-quality ecology, to test who can stabilize the internal situation to grasp the historical trend and become the next chain on the world leader.
Therefore, risk avoidance and allocation should be done as early as possible. Focus on projects with long-term value and stay away from projects with lip service and over-the-top bragging.
2. Conduct spiritual enrichment exercises as early as possible to meet the alternative fantasy world brought by the metaverse and Virtual age and effectively deal with deeper loneliness.
The continuous progress of science and technology often brings more convenient living conditions and a more lonely spiritual world. With quick access to information, cool virtual effects, and big trends in VR and AR, we can basically see the future moving towards movies like and .
According to the law of conservation of the universe, spiritual energy must also be conserved. For a simple example, when technology was not developed in the 1980s and 1990s, the friends who asked you to go downstairs to play every day, and the children born after the 2000s and 2010s basically play with iPad in their childhood. The latter has significantly more communication online, while the former has more face-to-face offline, and this sense of loneliness and distance will only get bigger as the tech trend flows.
However, many post-00s suffer from depression and other mental diseases at an early age. The premature bombardment of technology and information is more likely to destroy people's spirits before the barriers and defensive lines of values are built. In the high-octane world of fintech, it's even more complicated, with an extra layer of Money that magnifies its power by at least 2.5 times.
Therefore, as early as possible to carry out the psychological construction of the spiritual level, we can avoid inadaptation suffering as early as possible when the tide of The Times comes. A small number of people are eliminated by competition, and most of them are eliminated by The Times ( we can start with some classic books).
3. Most projects said that they have Tech DNA but actually not Tech, Blockchain will be everywhere
Real Tech projects tend to survive bear markets. Because they only need computers and shelter, they can continue to develop the project and do not need to spend a lot of money to hire too many expensive technical personnel. (Like Airbnb's early stage)
This is important for the early and mid-term development of a project, and it is also crucial for engineers to resist the temptation of blockchain technology to make it easier when they are suddenly faced with the temptation of huge financing. Therefore, sometimes, projects under the guise of technology and slogan are often more deceiving than pyramid projects, because people will be CPUed.
But one thing is certain, blockchain technology will be everywhere in the next five years, and the closest and fastest popularization should be: Historical relics NFT, ticketing systems (such as Ant Financial ticketing application, World Cup ticketing application), authentication systems (property ownership certificate, education certificate, birth certificate, etc.) and object traceability (various blockchain applications in milk, wine, luxury goods), the popularity of asset tokenization (apartment ownership, company tokenization, etc.), And countries' recognition of BTC as a currency outside the asset.
Let ourselves catch up with the trend of The Times as soon as possible, in order to catch the last train more effectively. Because it's already branching out.
4. People understand hot water hurts hands. But in the face of hot trends and hot spots, we often flock to and forget the risk.
What is very easy to understand in our daily lives is often reversed when applied to the same things in other areas.
For example, the simplest way to avoid hot water is because hot water has our physical nervous system acting as a force to protect the stress response, and can also avoid excessive injury. But the market contains the risk of hot topics, our spirit is often paralyzed in the temptation of interests, thus ultimately causing regrets and loss of money.
Therefore, in the future virtual and technological era, there will be more sugar-coating bombardment, so our judgment to keep relatively objective has become a very important ability. So that you can ride on the hot trend, but also have a protection system to prevent yourself from injury.
This is something that someone who is very good at following hot spots has been teaching us. Each time, he walked in with hot topics, fool the investors, and walked away. The most obvious of these is NFT, GameFi's early hype.
5. Value will not change its core nature as times change. But it is a harder test of self-choice judgment and self-recognition ability.
With the development of The Times and technology, they will become more and more intertwined with each other. Once a very simple business model, it may become more relevant after the integration of blockchain, VR, AR, and other technologies. But the core is still the same, just as a normal man, no matter how fancy he is, no matter how coquettish he is, his physical structure is also male (except for surgery).
But the test of judgment and cognitive ability is more demanding, and complex at the same time, there are more opportunities. Because there are likely to be more Hamlets for the same enterprise or project, it is particularly important to keep updating our learning pool. At the same time, the influence of individuals like KOL on society will be further enhanced
Summary:
2022 is a transitional year before a new era, and in the next 20-30 years, there is a high probability that we will enter a more technological phase in which humans are not separated. In this stage, in my opinion, the most critical point is the second of the five points.
Material and technological progress may lead to spiritual regression, but the good news is that our cultural foundation is deep enough. If you can understand Traditional Chinese, it will be a much more spiritual gem. Enough to fill our hearts and make us fully ready for the new world.
Blockchain technology, whether public chain, private chain, or alliance chain, or sidechain is a big trend in technology popularization. It won't die even though some people hold negative views on it, but won't create gods because of some pyramid.
For an ordinary person like us, the best way is to keep learning to enrich ourselves, and keep calm at all times, and stay away from the complicated and mixed-up areas of special strategies.
This article has no financial advice or any guidance content
ETH 2.0 : What Upgrades Are Next After the Merge?Hello guys
thanks god for being live to create another post for you dears
Today i will explaine what happen after Ethereum merge upgrade?
and im going to summarize about each step.
Ethereum Merged successfully on Sept15 but more upgrades are coming to the network.
Shanghai update , The Surge, the Verge, the Purge, and Splurge are up next.
Lets see what we have:
Shanghai update
Over the next six months the next important update to the Ethereum network is going to be the Shangai upgrade.
This particular update will allow validators (the ETH owners who help secure the blockchain) to withdraw a portion of their staked ether and rewards.
There are 14.7 million tokens locked on Ethereum’s Beacon Chain, in return for a 4.1% annual yield, according to the Ethereum Foundation website.
Altogether, those tokens are currently worth $19.12 billion.
Stakers are responsible for confirming and verifying transactions on the blockchain.Each validator is required to stake a minimum of 32 ETH.
Shanghai will also seek to lower transaction costs on layer 2 (L2), a separate blockchain such as Optimism or Arbitrum,
that helps Ethereum to scale, by reducing data costs on the main blockchain itself.
The Surge
While the Merge’s number one goal was to reduce Ethereum’s energy usage (which it did by up to 99.5%) the Surge, the next significant upgrade, is expected to bring a new feature called “sharding” in 2023.
“Sharding splits a blockchain’s entire network into smaller partitions, known as ‘shards'”, said crypto analyst Miles Deutscher.
“This will significantly increase the network’s scalability.”
According to the Ethereum Foundation, “sharding” will boost network capacity, cut costs and improve transaction speeds.
It “provides secure distribution of data storage requirements, enabling rollups to be even cheaper, and making nodes easier to operate,” it said.
The Verge
The Verge is an upgrade that is expected to drastically reduce Ethereum`s reliance on nodes as a store of history and data.
It will introduce so-called “verkle trees“, “a powerful upgrade to Merkle proofs that allow for much smaller proof sizes,” Deutscher says.
“This will optimise storage on Ethereum and help reduce node size.
Ultimately, this assists Ethereum in becoming more scalable,” he added.
Verkle trees will allow users to become network validators without having to store huge amounts of data on their computers, analysts say.
Crypto security platform Nethermind said “verkle trees” are Bitcoin-inspired systems that will decrease the size of “witnesses by a factor of over 20,
allowing for stateless clients that safely interact with the network.”
According to Vitalik Buterin, the verge will be “great for decentralization,” he said at the Paris conference.
The Purge
The Purge is expected to significantly reduce the amount of space required to store ETH on a hard drive.
This upgrade will eliminate the use of nodes in storing Ethereum history, freeing up space, a constant headache for developers.
“The purge: trying to actually cut down the amount of space you have to have on your hard drive,
trying to simplify the Ethereum protocol over time and not requiring nodes to store history,” said Buterin.
Crypto education platform District 0x explained that “nodes are responsible for verifying the miners’ work and ensuring that consensus rules are followed.”
The best way to do this is to keep a full copy of the Ethereum ledger, making it easy to verify a miner’s work.
“But the Ethereum blockchain is approaching one terabyte of storage so it’s impractical for a regular person to run a node,” it stated.
The Splurge
The final scheduled upgrade is the Splurge.
This carries what is described as miscellaneous but important extras,
“ensuring the network runs smoothly following the previous four upgrades.”
“The design of Ethereum post-Merge is billed to be handlings loads of data which generally calls for improved security across the board,” Eitan Lavi, the ChainPort cofounder, told Be In Crypto.
“Through the evolution of Merkle and Verkle trees as well as another innovative tech that will be introduced with subsequent upgrades, the protocol will be able to support the anticipated data load.”
So wait for more upgrades and ETH will be awsome after this steps...
Thank you for reading this article.
Share me your idea about Ethereum future in comments.
REFRENCES
www.fortune.com
www.ethereum.org
www.blocknative.com
www.forbes.com
www.blockonomi.com
BTC Detailed Top-Down Analysis - Day 114Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
114 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
SOL - 10 or 20 - Which One First?Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
SOL has been stuck inside a range between 13 and 15
For the bulls to take over , we need a break above 15.0
For the bears to take over, we need a break below 13.0
PS: By Break, I mean a momentum H4 candle close.
Meanwhile, until the bulls or bears take over, we will be trading the range on lower timeframes.
Which scenario do you think is more likely to happen? and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC - Bullish Then Bearish? 🔎Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last BTC analysis, we know that BTC has been overall bullish for the last 2 weeks trading inside the red channel.
We would be bullish (short-term) as long as we are trading inside the rising red channel.
For the bulls to take over and start the next bullish impulse upward, we need a break above the gray zone.
As BTC trades higher, the 18k zone is a strong resistance as it is also intersecting with the upper red trendline which acts as a non-horizontal resistance.
So I will be expecting a rejecting there. As per my trading style, I will be zooming in to lower timeframes and looking for any bearish reversal setup to confirm it.
For now, we would be bullish, unless we break below the orange zone, in this case a movement till the lower bound of the range (around 15500) would be expected.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
HOW BLOCKCHAIN WORKS - EASY POEMBlockchain, oh so grand,
A digital ledger in demand,
Decentralized and secure, like a band
A new way to assure and keep the bond.
Transactions are fair,
And free from despair,
A chain of blocks,
Connecting folks,
All across the land,
Blockchain, oh so grand.
This poem describes blockchain as a
decentralized, secure digital ledger
that is used to manage transactions.
It explains that the technology uses a chain
of blocks to connect people and ensure
that transactions are fair and transparent.
Bitcoin (BTC/USD) Daily Chart Analysis For Week of Dec 9, 2022Technical Analysis and Outlook:
Bitcoin is continuously (Very slowly) advancing toward our leading destination of the Mean Res $17,600 and subsequently to the Outer Coin Rally of $19,100: However, the pullback to Mean Sup $16,700 is very much likely before further upward advancement. The retest of the Key Sup $15,850 is low at this time, pending the above scenario being played out. Of course, the question is always “Which way will this puppy break from the current position?”
BTC - Critical Period / Area! ⏰Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
BTC has been overall bullish for the last 2 weeks trading inside the red channel.
We would be bullish (short-term) as long as we are trading inside the channel.
However, the 18k is a strong resistance zone as it is intersecting with the upper red trendline which acts as a non-horizontal resistance.
So I will be expecting a rejecting there. As per my trading style, I will be zooming in to lower timeframes and looking for any bearish reversal setup to confirm it.
We would be bullish, unless we break below the orange zone, in this case a movement till the lower bound of the range (around 15500) would be expected.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
December 9 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
According to Coinglass, the negative premium rate of the Grayscale Bitcoin Trust (GBTC) expanded to 47.2%, a record low. Bitcoin is up 2.11% over the last 24 hours and rose to an intraday high of $17,300.00. The largest cryptocurrency break above the 20-day EMA ($16,983) today, suggests that the bearish momentum may be weakening. Neither the bulls nor the bears are clearly in the lead based on the flattish moving averages and the RSI near the midpoint. If buyers maintain the price above the current level, the BTC/USDT pair could rise to $17,622.
Today’s Cryptocurrency Headline
SEC Requires Companies to Disclose Cryptocurrency Exposure
The U.S. Securities and Exchange Commission (SEC) requires public companies to disclose whether they have exposure to crypto assets, including whether they do business with any crypto-related companies. Firms must disclose if they have direct or indirect relations with companies that have filed for bankruptcy, experienced excessive redemptions or withdrawals of crypto assets, maintain unaccounted crypto assets of customers and experienced corporate compliance failures. In addition, companies must describe how the bankruptcies of certain firms affected their businesses and that the company must take safeguards to protect its customers' crypto assets.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
MEGATRENDS Shaping the future (part 2)This is part two of what is changing the world for the future...
Last time we spoke about the first 4 Megatrends.
Electric Vehicles & Autonomous Driving
1. E-shopping & Drop Shipping
2. 3. AI & Machine learning
3. Online businesses
The next four MEGATRENDS are...
Metaverse
NFTS
Blockchain and Cryptos
Web 3.0
Mark Zuckerberg is beyond his years as he sees the future with the Metaverse to come (VR, AR and a combination of both)
IN the near future, many industries will apply the Metaverse to everyday including medical, education, entertainment, socialising, trading, meetings and even e-games and e-sports.
NFTs took off and flew in the first few months as artists, musicians and celebrities took advantage of buying and selling digital products for a purpose... I know NFTs have had a bad sour taste as the prices have crashed and there is less confidence but they'll be back and stronger than ever after the bubble. WHY? Because we have the infrastructure to do so.
Blockchain and Cryptos - Yes I know we are currently in a long winter with traders getting destroyed and investors losing all hope and confidence.
But this is all because of fear, greed, BAD management, over confidence in sh$$t coins and low regulations. Yes we need regulations unfortunately. It will take time, but they will come back and will shape the future.
Not just the coins but the technology and smart contracts to present opportunities for finance, commerce and investments.
Web 3.0 the internet has evolved from not being able to post or add onto the net to being able to do so. And now with Web 3.0 where people will create their own social platforms, banking systems, games, programmes without making the fat cats rich. There'll be less intermediaries where YOU will have the true power too run and profit from.
Timon
MATI Trader
ETH - Building Block! 🏢Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Imagine ETH is trading inside a building and you are currently on the third floor.
📌 1230 is currently your floor / support. For the bulls to take over, we need a break above the orange channel AND orange zone.
In this case, a movement till the ceiling 1300 would be expected.
📌 IF the 1230 support is broken downward, then you will be visiting your neighbor in the second floor to discuss ETH situation.
and so on...
As long as you are inside the building, you will be moving between these floors (locally)
📌 UNLESS you break below floor 1 or above floor 3, then you will leave the building for a longer journey.
If you break above floor 3, above 1300, then your next checkpoint would be around 1400-1500 resistance
Which scenario do you think is more likely to happen? Which floor is more likely to hold?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC & ETH Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
111 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
BTC Detailed Top-Down Analysis - Day 110Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
110 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
🔴 DOT - Are You Patient?Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
DOT has been overall bearish for a while and it is now approaching a strong weekly support and round number 5.0 in green.
DOT is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing low to form around it to consider it our trigger swing.
For the bulls to take over from a long-term perspective , we need a break above the channel and last major high in gray.
Meanwhile, until the buy is activated, DOT would be overall bearish and can still trade lower inside the 4.0 - 5.0 support.
In this case, as price approaches the support again, we will be looking for short-term buy setups.
From a short-term perspective , for the bulls to take over, we need a break above the previous minor resistance in orange.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
December 5 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
According to Glassnode, the number of addresses holding more than 100 ETH reached a 20-month high of 47,459. Bitcoin is up 1.7% over the last 24 hours and rose to an intraday high of $17,305.58. The largest cryptocurrency has been trading near its 20-day exponential moving average ($16,995) during the weekend, and broke above the 20-day EMA ($16,995) on Monday morning, suggesting the buyers are attempting a comeback. If buyers maintain the price above the current level, the BTC/USDT pair could rise to $17,622.
Today’s Cryptocurrency Headline
Opera to Add NFT Creation Tool to Browser in Early 2023
Opera will roll out an NFT creation tool next January. Created by cloud-based ecosystems company Alteon and integrated into Opera's crypto browser, the launchpad will give users an easy, no-code way to create NFTs and review simplified properties of their smart contracts. According to previous news, Opera announced the launch of the NFT analysis and browser tool "DegenKnows" in November, which allows users to discover and analyze NFT projects using on-chain and off-chain data.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
Bitcoin (BTC/USD) Daily Chart Analysis For Week of Dec 2, 2022Technical Analysis and Outlook:
Bitcoin continuously (Slowly) advancing towards our leading destination of the Mean Res $17,600 and subsequently to the Outer Coin Rally of $19,100. The down-trend retest to Key Sup $15,850 is low at this time, pending the above scenario being played out. The next Outer Coin Dip of $12,400 outcome in the foreseeable future is pending.
December 3 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
According to the U.S. Labor Department, nonfarm payrolls increased by 263,000 jobs last month compared with economist expectations for 200,000 jobs. Bitcoin is up 0.27% over the last 24 hours and rose to an intraday high of $17,159.48. The 20-day EMA has flattened out and the relative strength index (RSI) is just below the midpoint, indicating a balance between supply and demand. If the BTC/USDT pair maintains above the 20-day EMA ($16,961), the pair could rise to $17,200.
Today’s Cryptocurrency Headline
Galaxy Digital Wins Auction to Buy GK8 From Celsius
Galaxy Digital, the cryptocurrency financial services firm founded by billionaire Michael Novogratz, has won the auction of GK8, the self-custodial platform from bankrupt crypto lender Celsius Network. Terms of the deal were not disclosed, but Galaxy spokesman Michael Wursthorn said the price was materially less than what Celsius paid a year ago. Celsius acquired GK8 in November 2021 for $115 million.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
December 2 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
According to research firm CryptoCompare, crypto-fund asset managers Grayscale, CoinShares and others saw investors withdraw $19.6 billion in November. Bitcoin is down 0.27% over the last 24 hours and fell to an intraday low of $16,845.86. The cryptocurrency market has been suffering extremely low volatility and a lack of demand since the FTX crisis, and Bitcoin price appears to be consolidating between $15K and $17K, and its long-term trajectory will be determined by a breakout in either direction.
Today’s Cryptocurrency Headline
TP ICAP Gains UK Crypto License
TP ICAP, the world’s largest interdealer-broker, has registered with the UK Financial Services Authority as a digital asset provider. The company is partnering with custodian Fidelity Digital Assets to provide a platform to match orders and execute spot cryptocurrency trades and try to break into the cryptocurrency world with its Fusion digital asset marketplace.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
Chart and fundamental analysis of Iris Energy Limited (IRIS)The operating result for the last quarter was published recently, on November 30, 2022.
1. Graphic Analysis
As the company's core activity is Bitcoin mining, it is important to analyze the correlation with the price of Bitcoin.
As you can see in the graph below, most of the time the correlation is positive.
It seems to me that the price is at the end of wave 5, about to reverse the downtrend, which has lasted since the beginning.
The DMI SMI Oscillator exhibits a bullish descending wedge.
This same interpretation can be obtained on the RSI:
2. Fundamental analysis
Net income has held steady for quite some time at $72 million.
As of Q1 since year 2022, it has declined to minus -$2 million and has since been stable.
The same reasoning can be applied to Earnings per Share versus Estimated Earnings per Share .
The balance sheet remains healthy, with assets greater than liabilities.
Even if there is a need to settle the net debt after the sale of assets, it would be comfortably honored.
With regard to cash flow, money from third parties continues to decrease, which is positive.
Money spent on investments follows a negative flow.
A negative value of Cash From Investing Activities can show poor performance, but it can also be a sign of increased investment activities.
While cash from operating activities remains stable at $4 million.
The point to note negatively is the free cash flow, which has drastically reduced to -$210 million.
LINK - The Castle Is Standing Strong! 🏚Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
LINK has been stuck inside a big range in green between 5.0 and 10.0
And as per my last analysis (attached below / related ideas), we know that now the bulls took over from a short-term perspective after breaking above the orange zone.
What Now?
As LINK retests the orange zone, we will be looking for short-term trend-following buy setups.
For the bulls to take over from a long-term perspective, we still need a break above the upper bound of the range and round number 10.0
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich