CRPTOCURRENCY
TFUEL ENTERED BUY ZONE JULY 5th #BTC ACTING AS ANCHORGood day, my crypto friends. Have you heard about #TFUEL or #THETA lately? Overlooked it perhaps?
In the News:
July 7th: Theta Labs Awarded 5th Patent
June 30th: Main Net 3.0 Launched
June 30th: Katy Perry Announced Launching NFT on Thetadrop.com in Q4 2021
What is happening?
Major New validator CAA joins on as 15th validator node. This is a Hollywood A-list celebrity talent agency. While coming at a time when Hollywood doesn't have a great reputation this shouldn't be ignored. Hollywood has no problem innovating to stay relevant and the possibilities of sweeping more cash away from fans for a digital rendering allah NFT's seems fitting. We'll likely see a major sports franchise follow suit if a moderate level of success is realized by CAA. *Speculation* likely the NFL or a co-sponsored relationship with Autograph (Tom Brady). Since Theta has added a 16th validator node with DHVC which is an asset management company.
Main Net 3.0 launched successfully. People are now earning more Tfuel for staking Tfuel. The Edge Node which is Theta Lab's software for harnessing broadband and computer resources has more nodes than the current job demand. Look for news that puts more work onto the Edge Nodes. Currently over 100k are operating and jobs are as infrequent as one or two a week. A moderate-sized project that would bump this up to a couple of jobs a day would be a huge boost here. The project needs more demand but not to much demand. This means companies like NetFlix and Youtube are not expected at this time, but a project like a beta test run through Vimeo or perhaps Rumble or Bitchute would grow demand sufficiently to get more nodes up and running for the big guns like Netflix, Youtube, TikTok or Twitch.
The stars are aligning . Both figuratively and literally. The news of CAA and Katy Perry's NFT project is the literal aspect, but figuratively the news is just as good. The 5th patent was announced today and behind the scenes partnerships keep emerging. While this is very good news for the Theta project as a whole, many small investors who got in during the All-Time-Highs (ATH) are becoming frustrated with the lack of progress in price.
The crypto market as a whole has been under attack by a fledgling system of corruption. This is evident by the fact that the system points to cryptos as enabling corruption. Standard playbook, blame others for what you're guilty of yourself. Decentralized currency is not good for the powers that were and whilst they still have some control they are exerting an ever-increasing attack on the crypto market. The question is, is the crypto market a massive snowball perched on the top of a mountain? Or has that snowball already started rolling?
What's up with BTC? And why the hell does it matter to Theta?
A longer look at BTC let's just say over the course of the last 12 months, shows BTC is actually doing quite well. Last year on July 8th BTC was around $9500. We're over 3x from that, which should put most short-term worries to bed. BTC is the mother of all crypto. This is why it is the focal point for attacks. China or Musk saying this or that, Markets creating BTC Futures and exchanges using leveraged trading are not designed to make the little guy any money. They are designed to control BTC to the best of their ability. What happens on most exchanges is coins are traded and viewed in pairs. This coin moves with that coin kind of thing. Because of this, generally speaking, good news in one crypto can't really translate when there is bad news constantly coming out for BTC. Which as I said in the opening statement and it's there for all to see, is it really isn't bad news.
The double-slit experiment.
The results of which change based on whether or not there is an observer. This means that results are dependent on observation. Take that one step further and you have scientific proof that by changing your observation you can change the results. What seems most logical to me, is that we as a whole need to stop paying attention to the BS being spewed by any MSM and even many Alt-Media types.
Evaluate honestly what crypto represents and can be, and you may see it as I do, a self-sustaining decentralized financial system that does away with the corporate bloat and governmental bureaucracy, and greed. By gathering a greater understanding of what crypto is, can be, and will be. We can more easily ignore the noise the previous establishment wants so hard to hang on to. Figuring out we really don't need central banks, credit card merchants, gateways all to take a cut of every dollar we earn and then subsequently spend is what crypto represents. Trading, futures, and exchanges are all ways for the "the man" to get his cut.
This information was presented in such a way to bring you to this final point about Theta / Tfuel. In my previous post, I outlined the fundamentals, all of which are still there now with even more arrows in that fundamental quiver. We have only seen good news about Theta, yet the price has gone down over the last couple of months and has been on a sideways trend since. All of this can be pinned on the exact same thing happening to BTC. But what is important to note here is that Theta/Tfuel and most crypto's for that matter are now at or around this year's all-time-lows. Which had somebody put this exact same information in your hands last year, in BTC's case you'd have still tripled your money. Think about that.
Well, thanks for taking the time, TFUEL isn't a big draw here, and while I spent a great deal of time writing this, I know it is going to go relatively unnoticed. For those who do notice I hope next year at this time, you can look back at this post and same damn, that dude was right. Hopefully not, damn that dude was right and I should have listened.
Be well,
Aired
Matic TradeFib Time Zone date - 12 July 2021
close 25% or 100% at the 0.618.
Matic pattern easier to trade at the moment, bitcoin is a mess and ETH is following a channel and mainly pumping at night for me at least EU. Matic looking like the straight forward trade here, you can long matic on Bybit.
www.bybit.com
Gravestone 3M candle Crypto Market CapTonight the 3M candle closes for the Crypto Market Cap (Excluding BTC) chart and we seem to have printed a gravestone candle , signalling a reversal of trend . If you look at the 3M candle of April 2018 we can see that price did in fact reverse.
So what could play out here is price coming back down to 2/1 Gann Fan ratio and testing previous all time high before restarting the uptrend and that won't be till October 2021 , I have gone over the idea of the bull market restarting September/October 2021 and peaking May 2022 , take a look at my previous TA going over this idea
Bitcoin Roadmap (Version 2) This is an updated version of my previous TA "Bitcoin roadmap" which I will include below.
Using the Total Crypto Market Cap (excluding Bitcoin ) chart I have found a potential market cycle top later in 2022 which I go over briefly in "Bitcoin Roadmap" about having a lot of Fibonacci Time Zone dates around that time. Have a look below at this TA how I came up with that conclusion.
So if Bitcoin breaks Momentum Shift 1 before reaching Momentum Shift 2 price trajectory will peak in January 2022 but if Bitcoin takes longer to break, Momentum Shift 2 trajectory is April 2022.
The orange dotted line across the chart with the blue drop is showing where the top Fibonacci Log regression would be.
So we all know that last cycle Bitcoin peaked and then 28days later alt coin market peaked , well looking into this cycle so far exactly the same thing has happened, Bitcoin peaked at 65k and exactly 28days later the alt coin market peaked , incredible how it played out the same way.
Cycle Peak Zone 1
Fibonacci Time Zone = 10th January 2022
Fibonacci level 0.5
Fibonacci log growth 150000
Cycle Peak Zone 2
This date is now based on the idea that total crypto market cap will peak around that date , also on top of the Fibonacci Log regression and on 0.618 Fib.
Bitcoin Roadmap Version 1
Crypto Market Cap Cycle Peak 2022 10.3TThis analysis will be taking a look at the total crypto market cap "excluding Bitcoin".
The Alt coin market topped out at 1.5 Trillion Dollars before crashing down to about 700 billion and I do think there is still more downside to go with a fairly long consolidation in play. The question is where do we bottom at the previous all time high 534 Billion Dollars or the 0.382 Fb at 379 Billion Dollars.
If the Alt coin market did retrace to the 0.382 Fib, that could mean we would see ETH under 1500 and LINK at 10 dollars. Recovery could start around September 2021 and peak in May 2022 at 10.3 Trillion Dollars.
Important Points :
Fibonacci Time Zone = Week of May 16th 2022
Fibonacci Spiral crossover point = September 2021
Red trend/resistance line coming in from 2015
The Recovery timeframe is in line with the Bitcoin recovery , take a look at my previous TA
Bitcoin Roadmap (Market Bottom)This TA is zooming into a section of my previous TA "Bitcoin Roadmap" which I will include below.
Looking at yesterday's price action we can see that price reacted off the 0.382 fib fan pretty aggressively , even though we had a good bounce I still think there is more downside.
The 0.5 Fib will act as major resistance and has been since June 19 , yes we did break it June 13 but I wouldn't count that as an organic movement since it was clearly a set up for massive short positions on the market.
If we fail to break 35000 and get rejected of the 0.5 fan fib then there is high probability that we come down to 0.5 fib retracement and this is where you load up long term for bitcoin , this golden box is where I believe the market will bottom for this bullrun. I have also included a potential micro date for a shift in momentum using Fib Time zone and that date is July 17.
I have been getting a lot of messages asking about leveraged positions if price comes down to this area and I would say not yet, best to just accumulate in this area , when looking at long term leveraged positions you have to calculate funding rate vs price increase overtime ,is it worth paying those funding rate fees when momentum is so low not really.
If bitcoin does break the 0.5 Fan fib to the upside before reaching the golden box this analysis is invalidated , this could take 20-30 days to play out.
$BTC Bitcoin UpdateHello guys, new update. Its been long time that i didn't post anything because BTC was ranging and it's still ranging. But we are now on a important level. We need to close some candles above this level what i marked. We hold 33K level very well and that's bullish for now. We can drop a little but today but that changes nothing. We need to gain (close some daily candles) above 39.5K - 40K. If we do that we can expect that we can go to 44K level. That will be the next RSS. That's it for now. I will update again when we see more bullish momentum or if we gain something.
What i am sharing here is for long-term. That mean's you need patience. Have a nice day. And keep youre money safe!
Amp bullishAmp cheap rn high volume coming in.
coinbase just accept this token get some before it gets too high.
easy 2x, 3x, 4x
To be honest things aren’t looking good in Bitcoin.Welcome to this quick update.
To be honest things aren’t looking good atm. Observe the chart carefully.
We did broke down below the triangle but only in lower time frames. It can end up being a WICK in a daily candle close which matters the most.
Keep in mind it’s really important for BTC to maintain the 34k level. If you’re holding btc better to keep an SL around 34300 level. Previously we bounced from the 34800 level. It must hold if it doesn’t this chart will get invalidated and we can see some lower price targets. Keeping in mind the current fear in the market We can get surprised too. Let’s wait for some action on Monday.
Break and close above the 43k level could trigger a momentum for another bullish rally. Too soon to say anything though.
SO IN A NUTSHELL : Close below 34k level bearish
Close above 43k level Bullish
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January 10th 2022 Cycle Top 150-190kI was going to wait till after today to publish this but what I found cannot wait. If today's May 31st Fib Time zone confirms then we can go ahead and look at the next fib date in line which is January 10th 2022 and what I just realized is for the first time I get an overlap of Fib time dates.
First Fib Time Zones dates (Orange lines )
So the First Fib time zone date is one on a macro scale of bitcoin starting November 2011 , I picked this start point because it's the start of the Genesis line(ibb.co) and the bottom of the log growth. The second point would be the top of 2013 cycle , once we place these two points we get the rest of the dates :
0 - 14th November 2011
1 - 25th November 2013
2 - 07th December 2015
3 - 18th December 2017
5 - 10th January 2022
So you can see that Fib Date 2 and 3 were pretty important , not so much 2 but date 3 called the top of the 2017 run.
Second Fib Time dates (White Lines)
These Fib time zone dates are on a micro scale. I have posted about these Fib Time zone dates for weeks in previous TAs which I link down below. If we do see a shift in momentum today then these Fib time zone dates are valid and the next shift in momentum would be January 10th 2022!
So what we have is a overlap, a overlap of a micro and macro scale this is something that I have never come across , these are the Fib time zone dates :
0 - 09 March 2020 (Covid crash)
1 - 19 October 2021
2 - 31 May 2021
3 - 10 January 2022
First point would be the bottom of the covid crash and second point would be 19th October 2021 , I picked this date because there was a massive momentum shift that date , I believe the parabolic run started on this date.
The Top
So if we hit the top of the log growth band on that date bitcoin would be 150k if we overshoot to the Genesis line (Red Line) that would put Bitcoin at 190k. I have gone over the idea that Bitcoin will not break this line and it will act as resistance like it did in June 2019 at 14k.
Bitcoin will most likely overshoot this low growth band like it did the last two tops , how much will it overshoot I don't know but the genesis line comes in at 190k, So a possible scenario would be that bitcoin tops at around 170k and closes that week at 150k.
I will include below under related ideas all TAs that are linked with this conclusion. There is no other way I can put it. This is the top.
Who’s Shorting? :)