2022/6/22 2:45pm ETH/USD analysePivot Point: 1110
Currently: Resisted at 1056 and retraced back to 994
Reaction: Consolidating at this 1173 level , its next support zone is at 1228
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Cryptocoin
Bullish scenario for Crypto Total market capBullish scenario for Crypto Total market cap - triangle breakout to 1.714
This triangle target fit very well a huge volume profile resistance.
Of course breakout to the downside has to be considered as well and is still more likely since we entered the triangle falling from the upside.
What do you think?
Drop me a nice comment.
*not financial advice
do your own research before investing
Deeper Network DPR Bearish ChannelDeeper Network DPR Crypto is falling out of the bearish channel with three potential drops if it does not get support.
Websites:
www.deeper.network (DPR Main Equipment Website)
dpr.deeper.network (Mining Rewards after Staking)
www.deeperscan.io (DPR Wallet Lookup)
apps.deeper.network (DPR Crypto Polkadot Parachain Governance System, New Wallet, Smart Contracts Upload, Miner Wallet Info)
www.youtube.com (DPR Videos)
www.fbi.gov (FBI VPN Video)
parachains.info (Deeper Chain Polkadot Parachain Pending)
Crypto Whale Information: See the Whale news on my channel for there wallet info, as you can track for yourself who is a true supporter and who is a dumper…… (AMA said Whales are allowed in the project now)
Crypto Blockchain Community Governance - Currently being controlled directly by Deeper Network not by the Community thru a back door in the program (Verified on AMA)
7 Validator Nodes – 3 have been verified to be in control of by Deeper Network DEVs, apparently they can control votes with their locked DPR rewards- Wallet Addresses 1st 5C4vNVT5pDroqufEtXKYp3RKrNXVTHk9yqTeNNUSnJ6EbGGY ; 2nd 5CJDFR5RCMxPwVdzgH6JA9D7M625FEFKrdsJG1JnQVQdQkH2 ; 3rd 5HCG6MvAhYgLZdPoD1BVHEjgKee9n4AhMLKfq64VLiM4znuU
Burn Wallet – There has not been a routine burn setup yet promised by Deeper to fight inflation. Waiting for Deeper to provide Burn Wallet Address for all three Blockchains
Polkadot Parachain for Deeper Chain – is not at the moment yet (Verified by Polkadot Support)
10 Billion DPR Total: 6 Billion DPR will be mined within 25years (Verified on AMA); 4 Billion DPR Belong to Deeper & Investors
Warning: Possible Token Crash Starting in September 2022 thru the next 8 months
Company Info:
Deeper Network of the Marshal Islands (no office location there currently) Crypto Currency
Deeper Network Inc of Delaware USA (no office location there currently) Software Developer/VPN/DPN
EIN Tax ID# 841835438
Location Of Head Quartiers Office: The main temp office rental location no longer exists that is advertised and on Entity Documents, supposedly working remotely from home and out of a shipping warehouse since the past year or longer unable to verify from the last trip to California. No new permanent office location currently that I am aware of that has been verified.
Location of their servers where data is stored: Unverified, Programmers working from China, ect. , Government Jurisdiction over VPN data information unknown, Privacy VPN info shows data is kept by Deeper Network, time period kept unknown.
(A Few people have come and gone from the head ranks, not sure if currently accurate)
Chief Executive Officer: Hui (Russell) Liu; San Jose, California
Chief Technology Officer: Hui Liu/Chao Ma
Secretary/Chief Financial Officer: Xiaoshuai (Cheryl) Liu ; Maple Ridge, British Columbia, Canada
Corporate Officer: Adam Wolfe
Lei Chang; Saratoga, California
Chief Marketing Officer: Eric Ma (Thailand)
Chief Branding Officer: Yinan S.
Software Developer: Arturo Jimenez
Product manager: Kain Xu
Deeper Network DPR CryptoDeeper Network DPR Crypto has no new pattern forming but is still in an uptrend.
Websites:
www.deeper.network (DPR Main Equipment Website)
dpr.deeper.network (Mining Rewards after Staking)
www.deeperscan.io (DPR Wallet Lookup)
apps.deeper.network (DPR Crypto Polkadot Parachain Governance System, New Wallet, Smart Contracts Upload, Miner Wallet Info)
www.youtube.com (DPR Videos)
www.fbi.gov (FBI VPN Video)
parachains.info (Deeper Chain Polkadot Parachain Pending)
Crypto Whale Information: See the Whale news on my channel for there wallet info, as you can track for yourself who is a true supporter and who is a dumper…… (AMA said Whales are allowed in the project now)
Crypto Blockchain Community Governance - Currently being controlled directly by Deeper Network not by the Community thru a back door in the program (Verified on AMA)
7 Validator Nodes – 3 have been verified to be in control of by Deeper Network DEVs, apparently they can control votes with their locked DPR rewards- Wallet Addresses 1st 5C4vNVT5pDroqufEtXKYp3RKrNXVTHk9yqTeNNUSnJ6EbGGY ; 2nd 5CJDFR5RCMxPwVdzgH6JA9D7M625FEFKrdsJG1JnQVQdQkH2 ; 3rd 5HCG6MvAhYgLZdPoD1BVHEjgKee9n4AhMLKfq64VLiM4znuU
Burn Wallet – There has not been a routine burn setup yet promised by Deeper to fight inflation.
Polkadot Parachain for Deeper Chain – is not at the moment yet (Verified by Polkadot Support)
10 Billion DPR Total: 6 Billion DPR will be mined within 25years (Verified on AMA); 4 Billion DPR Belong to Deeper & Investors
Warning: Possible Token Crash Starting in September 2022 thru the next 8 months
Company Info:
Deeper Network of the Marshal Islands (no office location there currently) Crypto Currency
Deeper Network Inc of Delaware USA (no office location there currently) Software Developer/VPN/DPN
EIN Tax ID# 841835438
Location Of Head Quartiers Office: The main temp office rental location no longer exists that is advertised and on Entity Documents, supposedly working remotely from home and out of a shipping warehouse since the past year or longer unable to verify from the last trip to California. No new permanent office location currently that I am aware of that has been verified.
Location of their servers where data is stored: Unverified, Programmers working from China, ect. , Government Jurisdiction over VPN data information unknown, Privacy VPN info shows data is kept by Deeper Network, time period kept unknown.
(A Few people have come and gone from the head ranks, not sure if currently accurate)
Chief Executive Officer: Hui (Russell) Liu; San Jose, California
Chief Technology Officer: Hui Liu/Chao Ma
Secretary/Chief Financial Officer: Xiaoshuai (Cheryl) Liu ; Maple Ridge, British Columbia, Canada
Corporate Officer: Adam Wolfe
Lei Chang; Saratoga, California
Chief Marketing Officer: Eric Ma (Thailand)
Chief Branding Officer: Yinan S.
Software Developer: Arturo Jimenez
Product manager: Kain Xu
Deeper Network DPR Still Trying to form a New Pattern.
Websites:
www.deeper.network (DPR Main Equipment Website)
dpr.deeper.network (Mining Rewards after Staking)
www.deeperscan.io (DPR Wallet Lookup)
apps.deeper.network (DPR Crypto Polkadot Parachain Governance System, New Wallet, Smart Contracts Upload, Miner Wallet Info)
www.youtube.com (DPR Videos)
www.fbi.gov (FBI VPN Video)
parachains.info (DPR Polkadot Parachain pending)
Crypto Whale Information: See the Whale news on my channel for there wallet info as you can track your self who is a true supporter and who is a dumper…… (AMA said Whales are allowed in the project now)
Crypto Blockchain Community Governance - Currently being controlled directly by Deeper Network not by the Community thru a back door in the program (Verified on AMA)
7 Validator Nodes – 3 have been verified to be in control of by Deeper Network DEVs, apparently they can control votes with their locked DPR rewards- Wallet Addresses 1st 5C4vNVT5pDroqufEtXKYp3RKrNXVTHk9yqTeNNUSnJ6EbGGY ; 2nd 5CJDFR5RCMxPwVdzgH6JA9D7M625FEFKrdsJG1JnQVQdQkH2 ; 3rd 5HCG6MvAhYgLZdPoD1BVHEjgKee9n4AhMLKfq64VLiM4znuU
Burn Wallet – There has not been a routine burn setup yet promised by Deeper to fight inflation.
Polkadot Parachain for Deeper Chain – is not at the moment yet (Verified by Polkadot Support)
10 Billion DPR Total: 6 Billion DPR will be mined within 25years (Verified on AMA); 4 Billion DPR Belong to Deeper & Investors
Warning: Possible Token Crash Starting in September 2022 thru the next 8 months
Company Info:
Deeper Network of the Marshal Islands (no office location there currently) Crypto Currency
Deeper Network Inc of Delaware USA (no office location there currently) Software Developer/VPN/DPN
EIN Tax ID# 841835438
Location Of Head Quartiers Office: The main temp office rental location no longer exists that is advertised and on Entity Documents, supposedly working remotely from home and out of a shipping warehouse since the past year or longer unable to verify from the last trip to California. No new permanent office location currently that I am aware of that has been verified.
Location of their servers where data is stored: Unverified, Programmers working from China, ect. , Government Jurisdiction over VPN data information unknown, Privacy VPN info shows data is kept by Deeper Network, time period kept unknown.
(A Few people have come and gone from the head ranks, not sure if currently accurate)
Chief Executive Officer: Hui (Russell) Liu; San Jose, California
Chief Technology Officer: Hui Liu/Chao Ma
Secretary/Chief Financial Officer: Xiaoshuai (Cheryl) Liu ; Maple Ridge, British Columbia, Canada
Corporate Officer: Adam Wolfe
Lei Chang; Saratoga, California
Chief Marketing Officer: Eric Ma (Thailand)
Chief Branding Officer: Yinan S.
Software Developer: Arturo Jimenez
Product manager: Kain Xu
Terra (LUNA) Trendline Break and Bearish Retest Funding has been so negative for LUNA recently. It's probably because leveraged traders see most alts going down and figure shorting is free money in this environment. They've learned a harsh lesson. squeezing shorts into oblivion. I entered a scalp short yesterday above $86 and closed near $84. Perhaps it's dangerous to hold a short here (especially with a tight stop), since it can pop off towards $100 one last time. But as you can see on this chart, it's starting to show some hidden weakness. Nothing goes up against Bitcoin forever in this market, and LUNA has been on quite a tear. Not a bad place to book some profits at least into Bitcoin, in my opinion. From what it seems (without knowing too much about the project), it's starting to acquire some of the hype from Solana and Cardano. In this market, when one thing seems like a golden goose, it's often a wise choice to take profit. There will always be another hyped project. And of course, one can always leave some on the table in case it's "the one." 98% of the time this isn't the case.
Zoomed in, you can see there's room for another push into the $90's should the market bounce a bit into the weekly open.
The weekly chart for LUNA/BTC is showing an ugly bearish divergence. We can easily see a failed high here and a longer term top. The daily chart (righthand chart above) shows a bullish channel, with LUNA/BTC testing the middle as we speak.
I may try to short LUNA again if we see the crypto market attempt a false breakout here. For LUNA to look bullish (long term) again, it will need to reclaim that trendline again on the lefthand chart. Regardless of what Bitcoin does, I think it will decline on the ratio.
Let's see what happens! This is meant for speculation and entertainment only - not as financial advice.
-Victor Cobra
Litecoin - The Last Stand The reason I still track Litecoin is because I think it can be useful as a bellwether for Bitcoin's price movements. Since it also operates on a 4 year halving cycle and uses proof-of-work (with a different algorithm), I think it offers useful clues as to how the market really feels. Sure, it might be going out of fashion, but volume for LTC shows otherwise. In fact, on-balance-volume (OBV, blue at bottom) has continued to trend UP while price has moved sideways/down. Traditionally, this implies that the asset is being accumulated.
Of course, this theory will go up in smoke if LTC cannot hold this trendline, which could indicate a pretty quick selloff back towards $80. Zoomed in, you can see the $80-90 price target more easily, along with a $250 target at the downtrend, should Litecoin hold up here.
There are some concerning developments in the market. For instance, the TOTAL crypto market cap is on the verge of breaking down from an important trendline, after already breaking down from the trendline held since March, 2020. ETH has also already broken down from its uptrend since March, 2020. Zoomed out:
Zoomed in:
Here's ETH:
Needless to say, crypto is getting to a point where it can move sideways/down for quite some time if things don't pick back up pretty quickly. From a technical standpoint, this seems to be a bit of a "last stand" for the market. Even if the market does bounce and make a new high, I am still essentially in "sell the rally" mode, as I explained in my last video.
If LTC bounces here and breaks the downtrend, the probability of hitting the top of the long term channel increases, or at the very least LTC can finally make a new all-time high. The network is getting it's MimbleWimble upgrade this month, which adds fungibility to one of the most liquid crypto assets out there. I'm surprised this isn't playing a larger role in the news cycle, though I guess it's being overshadowed by all the other ridiculous stuff going on. Nevertheless, this is a pretty big advancement for the space, considering true adoption is difficult due to ledger transparency. Corporations and individuals do not want others seeing their full transaction history and balances. A larger amount of our economy than we'd like to admit probably operates on various money laundering and tax-evasion schemes. Ironically, cash and dollars are still the best tools for that. The media will paint a dark picture of Bitcoin, but the powers that be might not want crypto adoption because it would force them to become more transparent about their nefarious activities. With fungibility, crypto becomes more like cash, which is both a good and a bad thing.
Let's see what happens. The future unfolds before us in the charts, which are just a representation of our collective behavior. It's not meant to be predictive. This is meant for speculation and entertainment only - not financial advice.
-Victor Cobra
Crypto.com Coin (CRO) Price Potential The total supply of CRO is around 30 Billion. The top 10 crypto with the closest supply would be ADA, with 45 Billion coins. Since BNB has already achieved the #3 slot, we can sort of get an idea of the price potential for an exchange token like CRO before it truly "takes off." At the moment, it seems to be beginning to take off. Structurally, it's breaking out of a long term uptrend channel/wedge (light blue). As long as it doesn't get back inside the structure, it can continue to shoot up. A bearish sign would be a rejection to close back below the long term uptrend. if the crypto market continues to correct, support exists at the broken wedge structure resistance, currently near $0.34.
With Matt Damon as a mascot, and with and the sports stadium news....this can be enough for it to really gain some traction. I considered purchasing some yesterday around $0.44 after the stadium news dropped, but I'm really not one to chase gains in the middle of a cycle. Sticking to my plan. As soon as I open that door, I'm right back to where I was at the end of 2017 - chasing pumps and losing sleep.
Instead, I'm just laying out some potential targets for this coin, based on tokens with similar supply but higher market cap. Pretty simple! Of course, it would probably be necessary for the bull market to continue a little while longer for those upper targets to be reached.
$3 puts it near ADA's current market cap.
$5+ puts it closer to BNB's current market cap.
Value is somewhat arbitrary in this space. It doesn't take too long to realize this.
This is meant for speculation and entertainment only.
-Victor Cobra
Litecoin Breaks The Long Term Uptrend + Altcoin Collapse Victor, enough with the bearish posts already!!! Honestly, with such a gloomy outlook, the market might as well just reverse here and punish all the people who sell out of fear, and punish you for selling early, you paper hand you!!!
But I'm just writing about what I see and expressing my current opinion. Here goes the analysis. I apologize if I seem a little delirious - I'm nearing the end of my graduate program and feel quite burned out. That's it with the disclaimers.
Anyway, Litecoin has never closed a week below the long term uptrend (light blue). It looks like it's just about to do so. Violating such a long term uptrend is an extreme sign of weakness for the once lauded alternative to Bitcoin. Confirmation here could send it all the way back to $20-40 quickly, and eventually even back to levels not seen since prior to the 2017 bull market. I know, this may sound nuts, but the market always does what no one is expecting. Currently, either people are expecting Bitcoin to reach $100k eventually, or that it'll bounce if it drops below $30k. I actually think that if it drops below Summer 2021 lows, the chances of it ever reaching $100k decrease dramatically, and the entire market could actually collapse. A drop below those levels would invalidate Bitcoin's last remaining use-case: a store of value and a better performer than "traditional" assets.
In December, 2021, I wrote about why the crypto market looked precarious, and explained that altcoins could drop another 50-80% from those levels. Here is the post:
That was one of my last bullish-leaning posts on the market. Since then, a number of bearish confirmations have occurred, as a recovery seems less and less likely.
Back in February, I also wrote a post about why Cosmos (ATOM) could head right back to $8 once the uptrend was broken. Here's the original post:
As shown on the main chart for this analysis, the uptrend for ATOM is now broken.
In March, I wrote about why I thought we could see similar market behavior to July-August 2018. Since then, the market managed to recover slightly, only to find strong resistance at the 50 week MA, confirming the bearish trend. Right now, this idea is dangerously close to coming to fruition:
Bitcoin dominance is very close to breaking the 50 week MA (Red).
If this coincides with a drop in Bitcoin price, it will be a total massacre for alts.
There is always a chance the market will reverse and recover. However, I've personally divested almost entirely from this market, and have begun to reassess and adapt. Bitcoin continues to be accumulated, as coins on exchanges are at a record low. But is such low liquidity really that good for Bitcoin, especially when demand is so low? I guess we'll see.
This represents my opinion, and is meant for speculation and entertainment only, not financial advice.
-Victor Cobra
Cosmos - Is it Really Different? Or Is It Headed Back to $8?Cosmos (ATOM) seems to be one of the only cryptocurrencies STILL in an uptrend. Does this mean it's "special"?
While I think it's fair to expect some sort of relief rally for the market eventually, I think it's fairly likely ATOM will break down from its uptrend as well, and end up at least back at $20. If it follows what many other coins are doing, it should also head towards $8, which is near Summer lows. This is a pretty significant decline from current prices. Recently, I've heard buzz of people raking in gains through airdrops on Cosmos. It seems a bit euphoric, so I wouldn't be surprised to see this thing tank. The sell volume on the weekly is extremely high. In the short term, if the market gets a relief bounce, ATOM can recover towards the $31-32 area and retest the 9 week EMA as resistance (orange on the above chart).
Let's see what happens! Maybe Cosmos can prove me wrong and hit the top of the long term ascending wedge, making a new all-time high this year. This is meant for speculation and entertainment only, not as financial advice.
-Victor Cobra