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ETH Daily TA Neutral BearishETHUSD Daily neutral with a bearish bias. Recommended ratio: 47% ETH, 53% Cash . * SUNDAY/MONDAY SCARIES . Cryptos are a mixed bag over the weekend with some rallying and others staying relatively flat, Ethereum did the latter. The bullish narrative is still dominated by speculation of peak inflation, abnormally low unemployment, and expectations of a dovish pivot by early 2023. Equity futures are lower to start the week with CPI and PPI due to report 08/10 and 08/11; if numbers come in lower or show a lesser increase than the month prior, markets will likely interpret that as bullish leading up to the next PCE numbers on 08/26 (before the FOMC meeting on 09/20-09/21). It's another big week for earnings with Palantir (08/08), Coinbase (08/09), and Disney (08/10) set to report. Palantir and Coinbase will give investors an idea of how growth stocks are faring in this bear market rally that is bringing Risk back into markets, while Disney will give a broader update on the health of the consumer. The Merge is still scheduled for launch on Mainnet 09/12/22 . Key dates this week: PLTR earnings 08/08; COIN earnings 08/09; 4th US Q3 GDP estimate at 10am (EST) 08/10; CPI at 830am (EST) 08/10; Disney earnings 08/10; and PPI at 830am (EST) 08/11.* Price is currently testing $1711 minor resistance for a fourth consecutive session. Volume remains Moderate and fairly balanced between buyers and sellers, indicative of potential consolidation before moving higher. Parabolic SAR flips bearish at $1427 support, this margin is mildly bearish. RSI is currently trending sideways at 61 after breaking back down below the uptrend line from 06/18/22 at 62, the next support is the descending trendline from February 2020 (as support) at 55 support. Stochastic is currently crossing over bearish at 56, the next support is at 47. MACD remains (bearly*) bearish for a third consecutive session as it trends sideways at 86, the next support is at 28 while the next resistance is the upper trendline of the descending channel from August 2021 at ~131. ADX is currently trending down at 27 as Price is facing a lot of resistance in its attempt to push higher, this is neutral at the moment. If Price is able to breakout and close above $1711 minor resistance then the next likely target is $1941 resistance . However, if Price breaks down here then it will likely retest $1550 before potentially retesting $1427 support . Mental Stop Loss: (two consecutive closes above) $1711 minor resistance .
COINBASE:ETHUSD
by dailytaguy
ETH Daily TA Neutral BullishETHUSD Daily neutral with a bullish bias. Recommended ratio: 57% ETH, 43% Cash . * The US Employment Situation was released this morning and, by some supernatural forces at play, the job Gods produced the lowest unemployment since February 2020 (pre-Covid) and Non-Farm Payrolls went up from 398k in June to 528k in July. Pair this with the improving GDP forecasts, wage growth and relatively strong retail sales and it's easy to see why markets are getting bullish. Next week's CPI and PPI reports will provide a clearer outlook as to how 2022 may end, but aside from that markets have noticeably tilted bullish in the short-to medium term. The Jackson Hole Economic Symposium on 08/25-08/27 will also help provide a EOY forecast for the US economy and help determine whether the Fed will raise 50bps, 75bps or 100bps on 09/21. The Merge is still scheduled for launch on Mainnet 09/12/22 . Key dates next week: 4th US Q3 GDP estimate at 10am (EST) 08/10; CPI at 830am (EST) 08/10; PPI at 830am (EST) 08/11.* Price is currently retesting $1711 minor resistance after completing a Bull Flag formation and bouncing at ~$1600. Volume remains Moderate (high) and is on track to end a two session streak of seller dominance if it can close today's session in the green; buyer dominance in today's session would be bullish. Parabolic SAR flips bearish at $1427 support, this margin is neutral at the moment. RSI is currently trending up at 63 as it attempts to reclaim support at the uptrend line from 06/18/22 (~61), if it can do this then the next resistance would be the 50/50 uptrend line from November 2018 at ~72. Stochastic crossed over bullish in today's session and is currently trending up at 44; it is still technically testing 47 support. MACD remains bearish for a second session and is currently forming a trough at 89, if it breaks above 93 it would reverse to a bullish crossover; the next resistance is the upper trendline of the descending channel from August 2021 just below 28 resistance. ADX is currently trending down at 28 as Price attempts to finish the correction and resume the rally. If Price is able to breakout above $1711 minor resistance and flip it to support, then it will likely test $1941 resistance for the first time since breaking below it on 06/10/22. However, if Price is rejected here, it will likely retest $1427 support . Mental Stop Loss: (one close below) $1566.
COINBASE:ETHUSD
by dailytaguy
BTC Daily TA Cautiously BullishBTCUSD Daily cautiously bullish. Recommended ratio: 90% BTC, 10% Cash. *CRYPTO WEEKEND RALLY WATCH . Waiting for the next candle print to determine if the Bull Trap/Short Squeeze narrative has been invalidated but as of now it's looking very bullish going into this weekend. With all this talk of the Fed pivoting it should provide enough bullishness to carry over into the beginning of next week before the next Employment Situation on 08/05 . Expect for some volatility like we saw on Monday-Wednesday this week from Wednesday-Friday of next week; if unemployment goes up and/or nonfarm payroll goes down, expect for some bearishness to reenter the market. If the numbers end up being better than expected or simply not significantly different, expect for most of August to continue being bullish leading into the next big trove of economic data before the September FOMC meeting on 09/20-09/21. I say this because with the first GDPNow Q3 GDP estimate projected to be +2.1% compared to the BEA Q2 first estimate of -0.9% , analysts are already seeing light at the end of the tunnel regarding inflation and the EOY economic outlook.* Price is currently retesting $24180 minor resistance after forming a bullish engulfing candle to break back above the 50 MA. Volume is Moderate and currently on track to favor buyers three consecutive sessions if it can close today in the green. Parabolic SAR flips bearish at $20763, this margin is neutral at the moment. RSI is currently trending sideways at 61 after breaking back above the 50/50 uptrend line from November 2018 at 57.34 resistance; if it is able to turn 57.34 to support then the next resistance (minor) is at 70. Stochastic remains bullish and is currently breaking above 78 resistance and trending up at 91 as it aims to retest max top. MACD remains bullish and is currently breaking out above 313 resistance as it trends up at 421, the next resistance is at 891. ADX is completing a trough formation and is currently trending up at 20 as Price pushes higher, this is mildly bullish but can become very bullish if it can continue surging up past 25. If Price is able to break out above $24180 minor resistance, the next likely target is a retest of the descending trendline from November 2021 at ~$28k as resistance ; this would make testing the 50/50 uptrend line from March 2017 at $30507 resistance likely as well. However, if Price is rejected here then it will likely retest the 50 MA at ~$21.6k before potentially retesting $19417 support . Mental Stop Loss: (one close below) $22300.
COINBASE:BTCUSD
by dailytaguy
BTC Daily TA Cautiously BullishBTCUSD Daily cautiously bullish. Recommended ratio: 70% BTC, 30% Cash. *Markets seem to think that the Fed has subdued inflation in the short-term, the US Jobs report due to be released on Friday (07/09) should give some clarity as to how much of an economic slowdown is underway and how much more is necessary to ring in inflation. Additionally, the CPI report due at 830am (EST) on 07/13 will also provide clarity regarding whether or not inflation is coming down enough. The latest real GDP growth estimate (07/07) provided by the Atlanta Fed's GDPNow came in at -1.9% compared to -2.1% on July 1st. Celsius celebrates a victory today by paying down the remaining $41.2m DAI left on the Maker loan which freed up 21,962 BTC (~$440m) that was held as collateral. Market's are eager to call for a bottom but with the global economy slowing, global inflation soaring, the Euro crashing, a UK parliament reshuffling, Russia continuing to push west in Ukraine, China prolonging their 'Zero-Covid' policy and supply chains not expected to return to pre-Covid conditions anytime soon... it's hard to say the carnage in 2022 is over.* Price is currently at $20930 and attempting to break out from a twenty three session consolidation at $20k. Volume remains Moderate and is currently on track to favor buyers for a second consecutive session if it can close today in the green (this would also give buyers dominance in four out of the last five sessions). Parabolic SAR flips bullish at $21625, this margin is bullish. RSI is currently trending up at 43 as it tests 42.41 resistance, the next resistance is the descending trendline from January 2021 at ~49 (CRITICAL). Stochastic remains bullish and is currently testing max top where it can coast in the "bullish autobahn zone" for some time. MACD remains bullish and is currently trending up at -1390 as it tests -1435 resistance; the next resistance (minor) is at -869. ADX is currently trending down at 39 as Price pushes higher, this is mildly bullish at the moment. If Price is able to continue up here then it will likely face a bit of resistance at ~$22k before testing $24181 minor resistance . However, if Price breaks down here, it will likely retest $19417 support before potentially testing the uptrend line from April 2017 at ~$15k as support for the first time since September 2020. Mental Stop Loss: (one close below) $19417.
COINBASE:BTCUSD
by dailytaguy
ETH Daily TA Neutral BearishETHUSD Daily neutral with a bearish bias. Recommended ratio: 35% ETH, 65% Cash. *Ethereum continues to flirt with $1k which is a major psychological level and the last support before potentially experiencing another 20% drawdown. The Merge is now live on Sepolia testnet which is the second of three public testnets, after the most recent difficulty bomb was delayed core developers are now speculating that the Merge should be ready for launch on the mainnet by mid-October.* Price remains hovering at $1068 for a third consecutive session and has been testing $1k for eighteen consecutive sessions now. Volume is Low and currently favoring buyers after breaking a six session streak of seller dominance. Parabolic SAR flips bullish at $1275, this margin is neutral at the moment. RSI formed a trough at 32 and is currently trending up at 33.50 as it approaches a retest of 36.91 resistance. Stochastic remains bearish and is currently trending down at 58 with no signs of trough formation, the next support is at 46.76. MACD is currently trending up slightly at -147 after resisting a soft-peak formation and is still technically testing -197 support; the next resistance is at -90. ADX is trending sideways at 47 as Price continues to test $1k, this is neutral at the moment; if ADX starts to come down as Price goes up, this would be mildly bullish, whereas if ADX keeps going up as Price comes down it would be bearish. If Price is able to defend $1k then it will likely retest the lower trendline of the descending channel from October 2021 at ~$1240 as resistance. However, if Price breaks down and closes below $1k, it will likely test $775 support for the first time since breaking above it in January 2021. Mental Stop Loss: (two consecutive closes above) $1250.
COINBASE:ETHUSD
by dailytaguy
Deeper Network DPR on Live SupportDeeper Network is now official on a death spiral knocking out each group of project investors. Is there anyone who works in Deeper Network who is able to save this project or is this a Pump and Dump Project the the Telegram Deeper Network Mod told us about as he maybe dumping his own mining wallet if that is his from the United Kingdom. This is an example of poor planning on the part of Deeper Network as well as them saying on the AMAs that they do not care about the coin price................... Now to the good news all of the miners will likely be in a tax deficit for the 2022 Tax years because they can not even pay for there dedicated high speed Fiber Optic lines now that they installed specifically to help the project out with speed. Even though the market is down there are still crypto projects out there in the positive for the year if you look at cryptobubbles.net so this is not an excuse but a sign of poor management on there part and of a high internal employee turn over in the high ranks. As each investor tear gets broken now i can only site back and laugh and cry as my investment is getting blown up for the next year or so thru the bear market and the recession that is making it way............................ Then END!!!!!!!! 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) 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) 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
Short
by C-J_