😱 Fear Of Missing Out (FOMO)📉Fear Of Missing Out (FOMO) / SHORT scenario.
Fear of missing out, or FOMO, is the feeling of anxiety or regret that can occur when someone believes that they have missed an opportunity to invest in a stock or crypto currency that is increasing or decreasing in value.
This feeling can be triggered by seeing others making money from a particular investment, or by observing the stock or crypto's value increasing or decreasing over time and thinking that one should have invested earlier.
FOMO can be dangerous to investors because it can lead to impulsive buying or selling decisions that are not based on sound investment strategies.
In the above scenario we can see the effect of FOMO in play. The price action breakdown of the trendline, indicating weak support and a flip of the trend.
This psychological effect can be observed without the use of indicators and by just looking at the price action.
A deeper look into order flow and Open Interest could further explain the trader's behavior on this particular effect that occurs.
🔴 ENTRY is based on the first major red candle after the breakdown, trying to knife-catch the price, based on no strategy and purely
emotion of missing out a potential short position with a stop loss nowhere close to a potential supply zone where the price action could re-visit
for confirmation of a downtrend.
🟢 ENTRY is based AFTER the retest of the trendline, on a potential supply zone where the price action is looking
for a retest at this level before confirmation of further decline of price action. Stop loss is given above the
last high, above the trendline.
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Fear
Trading with 0 stress👉So you see a trading opportunity. It looks like a fair setup. You get confirmation to enter, but you hesitate. You're afraid of losing money, or you have some anxiety that keeps you from pulling the trigger. This is a problem that almost all traders face at some point in their trading career. I too have suffered from fear of losing money and this problem has led to other mistakes that have stopped me from executing my best trades. Today I share my process of what I did. To reduce my anxiety while trading and the actual steps I took to improve my trading execution.
❓ Do you think the color of the candle affects you while trading? Of course it does. Feel free to tell me if this sounds familiar in the comment section. You enter a long trade expecting the market to go up. You gain a few %, then the price turns against you and forms a red candle. And you start watching the movement, especially each candle pointing down. And you focus on the red color of the candle.
😱You get more and more anxious. When another red candle forms. This was a big problem for me in my early years. I closed my trades after a few minutes. When I saw more red candles below my entry point. The solution to overcome this is simple:
🧨 Change the color of the candles to one color. This way you will only track the price and its range.
Let me ask you, which of the texts on the screen is the one that is easier to read? The single colour or the multi-colour? There is a phenomenon in psychology called visual perception. Your brain is always looking for patterns in commerce. If you use multi-coloured candles, you reduce your ability to recognise patterns. Let me repeat that. Your brain is looking for patterns, and one of those patterns is similar colors. Colors affect your brain, your emotions, your feelings. Your psychology, potentially your trading ability. To trade best, you need to trade in a neutral, unbiased state of mind. I've bought in the past because of fast moving red or green candles, I've made bad trades, both on entry and exit. If you get anxious during an open trade, use candles of the same color. So try this simple tip to reduce your reaction to price movements. Change the colour to anything but not to red. Blue or green, yellow or white candles. Just stay away from red and give me a feedback in a week or so. I find myself calmer using a single color for the up and down candles. Maybe this little brainstorming session will help relieve some of the anxiety.
👉 Here's another situation. You see a long opportunity. The price is around the key level and you need to decide. You pull the trigger at, say, $50. You say to yourself, "Wait, I'll wait until... until the market drops a few cents. The market drops to $50.02, but you're still waiting. And then the market goes back up to $50.10 and... you say to yourself, I'm not getting in now. That's a worse price than five minutes ago. I'll wait until it goes down again. And of course the price never comes back. It goes up without you. And now you're frustrated because you anticipated the move, but your perfectionism... prevented you from pulling the trigger. Fear of losing money and perfectionism can lead to irrational behavior, overanalyzing, overthinking and slowly draining your mental energy.
🟢 One of the problems I personally struggled with was. That I wanted to be perfect in my trades. I was looking for the perfect opportunity. You know, when you enter and the price never goes against you, not even one %. Being a perfectionist in trading is stressful and always being on the edge doesn't help you make good trading decisions. In most cases, when you are waiting for the perfect entry, you realize you just missed a big move. Trying to time your entry precisely, at the entry point, is a foolish undertaking. Perfection can be your biggest enemy in trading and can cause you a lot of stress.
🟢 Here's how to reduce that anxiety. Use ranges instead of exact prices. As a day trader, you will not be able to track price movements every minute of the day. That's why you should use price ranges instead of exact prices. This gives you some flexibility. And of course you still need to be strict with yourself when executing your plan. Good traders are vigilant, yet patient. When a lineup they've been waiting for pops up, they grab it without hesitation. But until that time comes, they won't budge. The price fluctuations that lure other traders. They choose to reserve energy for what they are prepared for and ignore everything else. They don't chase the market, they let the market come to them. The opposite of this is forcing trades. You know the feeling when you wait for a trade, see some activity, and pull the trigger early. You force the trade. I did that almost every day.
🟢 Here's the solution. Stop using market orders and use limit orders instead. Basically let the market come to you. Once you have selected the assets you want and done your analysis, you need to determine the prices where you will buy and sell. Your goal is simply to buy and sell at the best possible prices, and use your research to identify reasonable prices in advance. Not only will this help you get a better deal, it will also help you avoid emotion-based trading. The simple solution to reducing stress and anxiety is to only act when the conditions are what you expect. Letting the market come to you is a difficult but valuable skill to learn. So forget market orders and use limit orders. This will reduce your emotional involvement and prevent you from making bad decisions.
🟢 If you want to reduce stress and anxiety while trading, you should switch to higher time frames. This will allow you the time needed to make informed decisions. I know you will find it difficult at first, but you will continue to struggle with anxiety and stress until you make the change. If you are feeling nervous and afraid of losing money, I highly recommend trying the higher time frames. Again, this transition to higher time frames is difficult and most traders are reluctant to switch. But you need to change your environment if you want better trading performance. If you trade in an environment like the 1-minute or the 5-minute chart, you risk the risk of market noise. True, higher time frames don't offer trading opportunities with as much speed, but the signals generated are more reliable and have a much higher chance of working. Better to trade a handful of good quality trades. Rather than trying with many poor quality trades. Daytrade trading is exciting, but it also requires you to monitor price movements for many hours. Most daytrade traders initially like the excitement and moving on lower time frames, but it's only a matter of time before they experience mental burnout, and once mental discipline is exhausted, greed, frustration, anger and impatience will bring bad trades and send you into a dangerous state of mind from which it is difficult to recover. So move into higher time frames. You'll only spend a fraction of the time in front of the charts, and you'll be at less risk of burnout. After a while, you'll find that it becomes much easier to work with a cool head while maintaining mental and emotional discipline.
🟢 How often do you enter trading? The setup looked great, then the price went straight away to your stop-loss before it got to your take profit level without you. Without profit, this is probably the most frustrating scenario many traders face on a daily basis. Because you fear losing money, you tend to use small stop losses. You don't want to make a mistake and try to keep your losses small, but keeping your levels too close to the entry candle is a recipe for having your account cut to pieces. A tight stop relies on you having very precise, near-perfect entries, and we've already talked about perfectionism in trading. If you repeatedly see your stops being hit regularly before the price turns in the original direction, it is very likely that you have placed your stops at levels that other traders use, especially if you trade on obvious price movement patterns. My advice is to start trading with a wider stop loss and a lower position size away from the entry. The position size you use should be small enough that neither a loss nor a gain will affect your mindset and ability to continue trading, only then will you really focus on proper execution.
🟢If you are trading the markets with your hard-earned money, but you don't know what your trading strategy is and you don't trust your market analysis skills. You probably shouldn't be trading with a live account. One of the biggest reasons why you are nervous and afraid when you trade is that you will lose your money because you don't trust your own trading skills. You may not have learned a trading strategy. You do not have a trading plan, you do not keep a trading diary. You are simply not prepared to take risks. Real money at risk in the markets. That is why you feel fear when you trade. Basically, trading anxiety comes from not knowing what you are doing. I have talked many times about the value of a trading log. The key is to use your trading log to keep track of when you are at your best and when you are at your worst when it comes to your trading and your emotions. I pay close attention in my trading diary to times when I make mental mistakes, such as not trading a good trade when I know I should. When I am afraid of losing money or avoiding a good trade, I look for triggers and patterns. Was I confused? Did I make that mistake in a particular market situation? Do I have certain feelings and emotions from previous trades? These are the intangible factors that you need to track in your trading log.
🟢 Most traders are fixated on short-term results. They make money by pressing a few buttons and don't pay attention to the process that makes it possible. They make mistakes, learn from them, and correct them over and over again. Everyone thinks about winning, but few think about the benefits of losing . In my experience, most wins are directly attributable to a big losing trade that I learned from making money in the past. As a trader it makes no sense if you don't understand why/why you can't repeat. Similarly, losing money is a valuable experience. If you understand why you lost. Paradoxically, you cannot understand why you win. Without first understanding how you could have lost in the same situation. So change the way you think about losses, because they will show you the direction of repeatable victories in the future.
If you've already lost, at least don't lose the lesson.
Take care my friend and have a good trade!
HOW TO MANAGE YOUR EMOTIONSHello everyone! One of the most important , and in the same time, one of the hardest aspects of trading is the ability to manage correctly your emotions and leave them aside while trading. So how can we manage our emotions in stressful situations? Here are some tips that every trader should consider when starting trading:
1. DO NOT ACT ON ANGER: every time you feel strong emotions, hold back and revisit your trading plan, is your move aligned with your initial plan or are you acting on irrational emotions? One of the worst things is to take a position based on anger after a loss in order to recover the losses. Take a deep breath and rethink your decision!
2. DO NOT FALL IN LOVE WITH YOUR POSITIONS: we all want to always be right, but sometimes we have to accept a bad position and close it. It is common to fall in love with our positions and hold it out of hope that the market will switch, but involving emotions just blow the account, stick to your plan!
3. ESTABLISH SOME TRADING RULES AND KEEP A TRADING JOURNAL: setting your own rules of trading and risk management is crucial for a profitable account. No matter what you hear from others and how good a position may look, if it is not aligned with your rules, do not take it! Moreover, do not change a strategy after some losses, stick to what you have learnt and planned, keep the information in a trading journal and plan your next moves based on you learnt from it.
4. TAKE A BREAK AFTER 3 LOSSES IN A ROW: it is natural to have a bad day, but when this happen do not become over emotional and over trade, but rather take a break and wait for a new and fresh trading day. Strong emotions will ruin any important decision, no matter the context, so try to avoid them.
5. SET TP AND SL AND TRUST YOUR JUDGEMENT: after establishing your trading plan and risk management plan, in order to stick to your risk to reward strategy, you have to use Take Profit and Stop Loss orders, and trust your judgment and the market. No matter what happens, this helps you have a clear forecast of your account, without blowing it. Also, avoid getting greedy and secure your profits with take profit order.
6. LOWER THE TRADE SIZE: if you feel overwhelmed by the risk on each trade, and out of fear you make irrational decisions, try to lower the trade size to what feels comfortable with you. After doing this, always update your trading strategy!
7. DO NOT GIVE UP! : there is a point when every trader feels like giving up, losing all his faith, but you should understand that this is the normal journey, with ups and downs, and if you do not let yourself intimidated by the downs, the ups are limitless!
GREED and FEAR in BTCFEAR and GREED are familiar feelings to everyone.
Non-professional traders trade according to these emotions.
As you know, emotions only get in the way, but we can use other people's mistakes for our own purposes.
Chart
To analyze emotions, let's take the indicator of FEAR and GREED .
From December 2019 to February 2020, the indicator was in the zone of EXTREME FEAR.
It was a time when BITCOIN, after a lot of growth, fell for a long time and people stopped believing in the good and began to be afraid.
It was in this zone that smart money began to accumulate its positions and soon the price went up strongly.
As the price moves up, people have started to believe in BITCOIN again.
Just at this time, the indicator entered the zone of EXTREME GREED.
Everyone started buying BITCOIN regardless of the price.
People just thought that BITCOIN would grow indefinitely - greed was growing.
By the end of this zone, the price, though not immediately, began to fall.
Many were closed by margin call.
People began to be afraid again.
The fear was growing.
The indicator entered the zone of EXTREME FEAR, after which growth began.
I think you have understood the logic and noticed a pattern.
As you know, when fear prevails in the market, you need to buy.
When greed prevails in the market, you need to sell.
This is an old rule of professionals.
Professionals not only don't make their own mistakes, but also use other people's mistakes to make money.
There are no emotions here, there is only calculation.
Learn to control your emotions, otherwise they will control you and you will become a victim.
And how do you deal with emotions and do you use the FEAR and GREED index?
Road close to self fulfilling prophecy (100k)Masses are scared, masses are margin called, masses are depressed
Now that market has washed away all leveraged long positions we are set.
A traumatic experience just took place and is very unlikely that people will believe in that...
Hell is coming but something close almost as close to the moon(100k) will come first, trapping an entire generation for the upcoming 30 years.
*See gold 1980-2010
Trading Psychology: 4 Dangerous Emotions Traders Must AvoidWhen I was a naive, newbie trader, I didn’t pay much attention to my trading psychology. I was more focused on the technical chart patterns and trade setups.
However, I soon found out the hard way that…
Ignoring the psychology of trading was destroying my trading results.
That’s when I began making a serious effort to master my personal trading psychology.
I started reading trading psychology books, and even worked with a personal trading coach.
I was definitely on the right path to mastering trading psychology, but wished I would have started learning sooner.
That’s why NOW is the perfect time to start getting your trading psychology edge.
But why is it important to understand stock market psychology?
Understanding stock market psychology paves the way for your long-term trading success.
That’s why this exclusive new mini-lesson of top trading psychology tips is just for you.
How do you develop trading psychology?
Some trading sites advise new stock and crypto traders to gain experience by paper trading with a simulated account.
This can be helpful to learn the basics of trading, but it’s a much different ball game when real money is on the line.
Your true emotions in trading will only be revealed when risking your own money with actual trades.
Therefore, the best way to develop your trading psychology is simply by working your way through hundreds of live trades with real capital.
Keep a basic journal and note when you feel the dangerous emotions below start creeping in.
This is the only way to truly identify your personal strengths and weaknesses in trading psychology.
4 Most Dangerous Emotions to Avoid:
Fear, Greed, Hope, and Regret
Investing decisions in any market in the world are driven by 4 powerful emotions of Fear, Greed, Hope, and Regret.
Left uncontrolled, these emotions can have a seriously negative impact on your trading account—but only if you let them.
Your personal ability to master these key emotions directly determines your long-term trading success.
So here’s a quick rundown of how fear, greed, hope, and regret can harm your trading results.
Most importantly, I have also included actionable ways to avoid these emotions in your trading.
FEAR – The most powerful human emotion that affects your trading
Fear is a distressing emotion caused by a feeling of impending danger.
This results in a survival response, regardless of whether the threat is real or imagined.
Traders consistently report fear as the emotion they struggle with the most. Fear has even caused people to jump off buildings during market panics.
FEAR is the reason markets typically fall much faster than they rise.
It took the Dow Jones Industrial Average 24 years (1983 until 2007) to rally from 1,000 to 14,200…BUT it only took 2 years (2007-2009) to lose HALF of that multi-decade gain.
Why?
Uncontrolled fear rapidly leads to panic—which leads to poor decision making in the markets.
When traders become driven by panic, they often sell their positions at any price. That’s why stocks frequently cliff dive when group fear starts kicking in.
Fear can also rear its ugly head after you experience a string of losing trades. After suffering many losses, fear of “yet another loss” can make it mentally challenging to enter new swing trade setups.
When paralyzed by fear, you miss out on profitable trading opportunities.
If it’s a quality trade setup, then don’t let fear prevent you from buying (be careful not to confuse this with revenge trading).
Remember that each trade you enter is completely independent of the previous trade.
Therefore, losing money on a prior trade does not necessarily mean you will lose on the next trade.
Fear is not always bad, as it can help keep losses small.
For example, fear of a bigger loss can get you out of a bad trade you should no longer be in.
If you immediately sell your stock or crypto when it hits your preset stop price, then the fear of a bigger loss protects you from major losses.
When there is fear, steer clear!
If the market is in a state of panic, don’t fight the downtrend. If you’re in doubt, get out!
Don’t try to rationalize or come up with excuses to stay in losing positions beyond their stop prices.
HINT: Ignore the news and internet forums to prevent lame rationalizations for staying in losing trades.
When there is too much fear in the markets, our flagship swing trade alerts service simply shifts to cash until a new buy signal is received. This prevents fighting strong downtrends in unfavorable conditions.
GREED – Too much greed decreases your trading profits
Greed is an excessive desire for money and wealth, but is a natural human emotion.
A healthy amount of greed can help drive your trading profits, but too much greed will have the opposite effect.
How to know when it’s too much greed
Greed is when you have already made a large profit on a trade, BUT are still obsessed with how much more you could have made if you stayed in the trade longer.
The mistake with this reasoning is that all gains are not real until the position is closed. Until then, a winning trade is only a profit on paper.
Greed can also cause traders to make bad trades by ignoring solid risk management rules, which signals a lack of discipline in your trading or investing.
To keep greed at bay on a winning trade, sell partial share size to lock in profits, then trail a stop higher on the rest.
Proactive trade management like this is why our exclusive Wagner Daily stock picks have been consistently profitable over the past 20 years.
HOPE – A fake friend who will take your money (but only if you let it)
Hope, a feeling of anticipation and desire for a certain event to happen, may be the most dangerous emotion for traders.
If you are an active trader or investor, the feeling of “hope” in your day to day trading activities must be avoided at all costs.
Why is hope so dangerous for traders?
Hope may prevent you from immediately selling a losing trade that hits its stop price—which is the top rule with most trading strategies.
When you blow a stop, you will usually wind up with a much bigger loss than you planned to risk.
You may get lucky with a second chance to exit (especially in a forgiving bull market). However, this is definitely not a situation you want to be in.
A weak stock typically continues much lower before bouncing, which is why you must always honor your stops.
Otherwise, that’s when hope can really sneak up on you!
Hope will convince you to just “hang in there a little longer” because:
“Big news is coming soon”
“This stock will surely rally after their next earnings report”
(Insert your favorite bullshit excuse here)
Meanwhile, while you’re busy hoping, the price plummets and has a catastrophic effect on your entire trading account.
Rest assured, the market will eventually punish you by taking your money when you slip into “hope mode.”
But the good news is that YOU alone can easily prevent this scenario from happening.
Simply always set protective stops to pre-define your maximum risk per trade.
Be rigidly disciplined to follow your trading plan, and hope will never become an issue in your trading.
Plan your trades, and trade your plan.
REGRET – Remember the next opportunity is always just around the corner
Regret is defined as a feeling of sadness or disappointment over something that has happened—especially when it involves a loss or a missed opportunity.
It is only natural for a stock trader to regret entering a losing trade or missing out on a winning trade.
But to master your trading psychology, do not hyper-focus on losing trades or missed opportunities.
If you lose money on a trade, then simply evaluate what went wrong, learn from it, and move on.
Don’t waste time regretting your original decision to enter the trade. What’s done is done.
Conversely, you may feel regret when you miss an opportunity. This is human nature.
However, you must train your mind to simply move on to the next trading opportunity—which is always just around the corner.
When you allow this type of regret to control you, it becomes too easy to “chase trades” with risky entry prices.
If you chase, your risk/reward ratio of the setup no longer meets the parameters of healthy trade management.
Let’s say you plan to buy $DUDE stock at a $60 buy trigger price, with a swing trade target around $70. If you buy it, you plan your initial stop at $55.
This gives you a 1:2 risk/reward ratio (risking $5 to gain $10).
$DUDE stock rallies, but you miss your original $60 buy and instead chase the price to an entry at $65.
If you don’t significantly raise your initial stop, you now have a negative risk-reward (risking $10 to gain $5).
In this case, your regret of missing the $60 entry caused you to chase it to $65 (next time, just wait for a pullback). Avoid feelings of regret to ensure the math of trading is always in your favor.
We always target a bare minimum risk/reward ratio of 1:2 for swing trades in our stock and crypto swing trade alerts services.
Successful traders keep their minds disciplined to avoid remorseful thinking.
original source
Bitcoin Looks so BearishHello friends.
i saw a big and bad shape marobuzu candle.
did you see it?
we back under MA55 and after a pullback to it (22100 level) i think
we should preapre to breakdown 20500 level and go toward 19000 again.
please control your Risks.
Protect from capital is the first step for any trader and investor.
be patience...
we dont have good economic conditions.
and winter is coming...
the weather will be cold and europe cant be warm...
when you cant warm yourself , you cant buy bitcoin certainly.
and
US interest rate will grow another 0.75 in coming months...
share me your opinion please.
hope all of you enjoy my analysis.
Deeper Network DPR Crypto Greed & FearDeeper Network DPR Crypto Psychology of a Market Cycle Greed & Fear Index Chart
Good & Bad News: "All Genesis nodes will have one rewards halving event on Dec. 1st, 2022. Genesis will continue until Aug. 28th, 2023, then enter into EZ Mining directly." What this means is a Ter8 was getting 90% reward but it will be reduced to 43% for a Genesis. So they are forcing all those people who originally staked in at a Ter7 or Ter8 to unstake there one device on Dec. 21, 2022 and either sell there DPR or to purchase additional miners an start EZMining instead with a 60% reward at a Ter8 level. By Dec 1st the price of DPR could be around .0045 on a low end, which means you may need to purchase 1 or 2 extra miner from Deeper to get a higher reward amount above a Genesis. All those who staked in from a Ter6 Level or lower are getting a great rewards for a little bit longer. (I am not sure if they are changing this again)
News: There will likely be a similar crash to the 1990's Dot Com bubble crash coming very soon, with the Alt Coin Bubble that is going on now. Only the strongest Alt Coins will survive. Will Deeper Network get there act together to maintain there support thru out there community or will they continue to twist there words around forcing there supporters to look to only Bitcoin or Ethereum . So far Deeper Network on its own initiatives, is pushing itself farther away from the top ranking alto coins.
Bearish News: Deeper Network is not a Decentralized Platform but a Centralized Platform, They currently use the Polkadot Blockchain Governance Platform which if working 100% is not technically decentralized as per it's maker Gavin Woods. But Deeper Network has a hidden backdown open to bypass all approvals for programing which would other wise need to be approved by who ever holds the most DPR basically at the end of the day as a Council Member by voting yourself in on the Governance Website Page made by Polkadot . At any point in time the Council Members or Deeper Network with there back door open can take you DPR out of your wallet if they want thru programing codes directly by Deepers DEVs or voting as a Council Member as a Motion. Since Deeper has the most DPR it will be controlled internally in a scenes making it centralized at the end of the day.
Bearish News: Aug. 5 & 6, 2022 Deeper Network has turned down an invitation to showcase at Sir Richard Branson’s Block Chain Summit on Necker Island at the Neckerverse Showcase for a chance to pitch to the Virgin Impact team and other global heavyweight investors. The reason from Deeper Network "Cheryl, Russell and I ( Eric ) seriously considered attending the gathering but decided it was best to focus on exchange listings, research & development, and new product deadlines instead." This is the worst mistake they could of made during this bearish time period.
Bearish News: Possible Token Crash Starting around September 6, 2022 thru the next 6 months, investors getting Deeper ERC-20 DPR returned to them who bought in at .006cents to .02cents. There was 2Billion token allocated to sell but they only advertise 1Billion being sold. DPR given out already to the investors that crashed the coin the first time (estimated 40% investment returned already), there is an estimated amount of 2 to 4 Million DPR being released each day to their investors for the next 6 months starting in September 2022 thru March 2023. I foresee another massive upset that Deeper Network will hush the investors by kicking people out of there Deeper Network community social groups when people complain and get upset like what happened when they lock up the investors DPR the first time without paying them back as was promised in their smart contract that had a hidden back door in the smart contract to reprogram it and to lock back up again. This is a lack of trust that I don’t think Deeper Network will every out live. This is the finial contract agreement after being changed multiple times with out permission from the investors.
Bearish News: the Seed Investors who bought in at .003cents were told this "Your DPR is locked until tier 1 CEX listing, then unlocked 1 year after tier 1 CEX listing. Linear distribution over 1 year. If DPR is not listed on tier 1 CEX within 2 years of Jan 1, 2023, unlock starts on Jan 1, 2025 then linear distribution over a year. You will definitely get your DPR however, you'll need to wait a little longer for the benefit of the whole. Deeper Network appreciates your understanding and apologizes for any inconvenience this may have caused." This was confirmed by a Volunteer Mod.
-Crypto Whale Information: See the Whale news on my channel for their Wallet address & Location, 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)
- Deeper Chain Community Governance - Currently being controlled directly by Deeper Network, not by the Community but thru a back door in the program (Verified on AMA) I don't foresee them giving the governance to the community within the next year or so because they like to be able to have fully control without have to wait for voting approvals, because the programing is far from being perfect..............
- 7 Validator Nodes on Deeper Chain, 7 have been verified to be in control of by Deeper Network DEVs, apparently they can control votes on the Governance with their locked DPR rewards- Wallet Addresses 1st 5C4vNVT5pDroqufEtXKYp3RKrNXVTHk9yqTeNNUSnJ6EbGGY ; 2nd 5CJDFR5RCMxPwVdzgH6JA9D7M625FEFKrdsJG1JnQVQdQkH2 ; 3rd 5HCG6MvAhYgLZdPoD1BVHEjgKee9n4AhMLKfq64VLiM4znuU; 4th 5Fug4ra4oJaCZQzUZ5C5vNaWBHUujKwGgu5NmZtcDwXMtsCp ; 5th 5Fe7kQ2kunvxDzd1f1AFUuLDPnd8uzqrbgQ4Q4zLHNeC82xD ; 6th 5CaViidoJL9qL22pvdVfpGkaE34kH7cH79rTemVGpUqddaaZ ; 7th 5F95SXGB5dj6TpcKzPGZRCXMsoBLcgg7nmhZxSC5sHCHdDx7 ; Deeper has said they will burn the DPR from the 7 Validators but the miners do not know if they can trust Deeper Network to keeping there word and if it will be 100% Burn or just 1% like everything else........
Founder & Head of the Society Governance Platform Wallet Address: 5GViXCfq22KUdWYK9E6bFZXYJWY7v4EVKJz3mgn6vGGPU1iT this is a Genesis Gold Ter 8 out of the United Kingdom. This wallet seems to be programed to dump coins after there mined across the bridge to sell on and exchange. We will be following this wallet, stay tuned for updates...................
-Deeper Chain DPR Crypto Burn Wallet #1: (Warning this is a subject Deeper does not like to talk about) There has not been a routine burn setup yet promised by Deeper to fight inflation . The only burning is est 21DPR perday equivalent to about .80cents per day!!! from the Validator transactions which they are calling a “Routine Burning or Every Gas Fee”. The old burning was every 7 days and burnt all the treasury wallet. Then they slowed it down to every 24 Days thru the Treasury and to burn only about 1% now. There is credit burning set up for the miners, which is false advertisement because they only burn 1% of the money paid to buy credit to increase mining rewards. The rest of the money is added to the treasury wallet for Deeper to pay their DEVs instead. Waiting for Deeper Network to provide Burn Wallet Address for all three Blockchains so the community can monitor what they are being told. Talking about this subject will get you band and removed from Deeper Network Social media accounts so be aware………… Deeper Network has responded to my concern about this saying "that 1% of the treasury wallet is burned each day" but I don't believe that's what happens, I believe that only 1% of each transaction that is transferred to the Treasury wallet is then sent into the burn wallet only during the transaction process, not that 1% of the treasury wallet total is burned. So once the funds go into the Treasury wallet once the 1% has been taken out, the remaining funds are no longer programed to be burned. (...to be determined) At the moment it is unknown how to see a total burn amount from this wallet but you can see how much DPR will be burned in the next 7 day burn period.
-Deeper Chain DPR Crypto Burn Wallet #2: Deeper Network has not provided the wallet address from the burning during the Pico sale so the community can monitor the wallet activity. (I believe they did a fake burn because they did not even realize they had an internal burn wallet nor did they know they had a Treasury Wallet, I believe they just made a random what address and sent it there. But Deeper will not provide the process they used)
- Deeper Token ECR-20 Blockchain Ethereum Burn Wallet Address - Deeper Network has not provided the wallet address from the burning during the Pico sale so the community can monitor the wallet activity.
- Deeper Token BSC Binance Smart Chain Burn Wallet Address - Deeper Network has not provided the wallet address, nothing would be in the wallet address that i would be aware of if it exist yet
- Deeper Chain Treasury Wallet Address: This is how Deeper Network makes income from internal network transactions 5EYCAe5ijiYfyeZ2JJCGq56LmPyNRAKzpG4QkoQkkQNB5e6Z (At the moment this is funded by the left over Validator Transactions & Burn DPR for Credit Score Increase, ect. 1% of Transactions going into the wallet are Burned every 24 days, this is confirmed by looking at the programing on Github Deeper-Chain; Actions; Branches; modify treasury burnning rate
- Polkadot Parachain for Deeper Chain – not yet, no future plans at the moment (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
-Location of Deeper Network servers where VPN data is stored: Unverified, Programmers working from China, ect. , Government Jurisdiction over VPN data information unknown (As per Deeper User Policy to have to agree to Logs are kept by them internally), Privacy Policy VPN info shows data is kept by Deeper Network, time period kept unknown. Do not know why Deeper Network is not Transparent with this information like other VPN providers. And or what will be there main goal with this data kept.
- Deeper Network VPN / DPN equipment concerns: They say they do not keep logs of records of your internet access BUT!!!!! When you login to the device for the first time it makes you approve there two privacy agreements first. Terms and Condition of Use agreement under point Prohibited and restricted uses point #25 say : “We shall have the right… to monitor User Content”; The second agreement you must approve is the Deeper Network Privacy Policy under Data we Collect says “We may receive access to basic personal information from your social network accounts should you register or sign onto such services using Deeper Network Products or Services” (Why in the world is Deeper trying to collect your personal information?????????, also would they not also be able to see your banking information then...), then under section Data Retention it says “We will keep records containing personal data….. as maybe required by applicable laws (So then which governments laws are you under because there are countries that require no data collected) at the end of the day Deeper Network is not a Decentralized VPN because your data is collected in Deeper Networks Servers and Deeper Does not allow the Miners with the Exit Nodes for the VPN service to erase the VPN data on there own devices, even if their country allows for no logs to be collected. Will Deeper Network change their policy’s to be in harmony with what they told their community of NO LOGS/DATA KEEP BY DEEPER and ONLY DATA COLLECTED ON EACH EXIT NODE, apparently, they changed their minds……
Pico - At the moment the Pico is only good for mining with a Staked credit score, if the Pico has its own Public IP and is connected for months without being disconnected it will currently not get 10mb of traffic each day to get an increased organic credit score as an exit node, the network currently will choose a faster path out thru a Mini instead. So the Pico at the moment is not a good mining device if that's what you bought it for organically. This has been confirmed. Update: It seems like they are trying to fix this issue. If the device to left on for an extended amount of time it will work on the block chain but will not allow for personal internet access.
-Company Info:
-Deeper Network INC of the Marshal Islands (no office location there currently) Crypto Currency company that was set up as a shell company, filed on March 8, 2019 Entity number 100333 (Legal system mixed legal system of US and English common law, customary law, and local statutes; International law organization participation accepts compulsory ICJ jurisdiction with reservations; accepts ICCt jurisdiction)
-Deeper Network Inc of Delaware USA (no office location in Delaware currently) Software Developer/ VPN / DPN , Entity 201816910575 6/14/2018, EIN Tax ID# 841835438, State ID 04799167 This is the company that controls everything.
-Location Of Head Quartiers Office (5200 Great America Pkwy, Santa Clara , California, 95054) : The main temp office rental location no longer exists that is advertised and on Entity Documents, the location is currently enmity and abandoned, supposedly working remotely from home and out of a shipping warehouse since the past two years+ 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. Even from there past video of this office location you can tell it was just a temp location as if it was like one of those rent a cubical to work at temporary location.
(A lot of people have come and gone from the head ranks or moved DOWN to different positions within the company, High Turnover Rate, not sure if currently accurate)
Chief Executive Officer: Mao Liu ( aka also known as Michael Liu); China / California (Runs another Company in California Fam Capital which is not registered in the State of California to work in the State)
Chief Technology Officer: Hui Liu ( aka also known as Russell Liu); San Jose, California, USA
Chief Operations Officer: Xiaoshuai Liu ( aka also known as Cheryl Liu); Maple Ridge, British Columbia, Canada
Chief Marketing Officer: Position Open, last person quite and moved on...............
Contracts: Chao Ma
Secretary/Chief Financial Officer: Xiaoshuai Liu ( aka also known as Cheryl Liu); Maple Ridge, British Columbia, Canada
Corporate Officer: Adam Wolfe
Lei Chang; Saratoga, California
Chief Branding Officer: Yinan S.
Software Developer: Arturo Jimenez
Product manager: Kain Xu
Deeper Network if you feel any of this information is inaccurate please reach out to me and provide me proof showing something different and I will update it on my next post. Information is gathered thru the Deeper Network Community Chats.
If fear continues to dump, it might be lights out for the bears!Traders,
Everything is playing out exactly as anticipated. U.S. Dollar topped. S&P500 looks to be double-bottoming. Bitcoin has broken to the top side of a year-long bullish descending wedge. And fear continues to dump. If all these charts continue to work in correlation together, it might be indicating "lights out" for those bears. Watch these things closely or follow me as I keep you all up to date on the progress on all.
Best,
Stew
$SPX downhill without brakesFear inside Wall Street
The CNN Business Fear & Greed Index, which measures seven gauges of market sentiment, is once again showing signs of Fear on Tuesday as the broader market plunged. The VIX, a volatility index that is one of the seven components of the Fear & Greed Index, shot up nearly 8%.
The Fear & Greed index was in Fear mode a week ago as well but it had recently moved back into Neutral territory following a 4-day winning streak for stocks.
That streak is coming to a spectacular end thanks to the hotter than hoped for consumer price index report, as investors worry that the Federal Reserve is going to raise rates even more aggressively next week to fight persistent inflationary trends.
Wall Street's mood has largely tracked the rapidly changing expectations regarding inflation and rate hikes. Just a month ago, before Fed chair Jerome Powell gave a speech that suggested more big rate increases were coming, the Fear & Greed Index was indicating levels of Greed, a sign of complacency.
BULL TRAP BEAR MARKET BULL RUN WATCHING UVXYAMEX:UVXY
UVXY is known to watch greed and fear while rising on fear.
Federal minutes release is tomorrow; in the meanwhile this late afternoon
the indices and the ETFs that track them printed bearish engulfing candles
taking away as much as 1% in moments- this may be a fear escalation process.
To capitalize on this I took call options on UVXY with an expiration on this Friday.
UVXY is 3 the YTD low. SMAs 50, 100 and 200 are above. as target candidates.
Horizontal resistances are drawn. Time will tell. Looks good right now.
UVXY Speculative Long ( Buy Low Sell High)AMEX:UVXY
My UVXY is that fear and volatility will rise after the Powell speech
from Jackson Hole WY tomorrow. Accordingly, I expect UVXY
to reverse its current downtrend while the S & P and NASDAQ
slowly rise
Accordingly, I will buy the $9.50 strike call options expiring
September 2nd now priced at 35 cents er each or $35.00 for
one contract. I expect a good profit targeting Monday the
29th to close the position.
VIX UVXY Reversal PatternQQQ SPY and the indices all had late afternoon Bearish Engulfing Candles Tuesday afternoon before the Fed Minutes release
I have charted the VIX as a ratio with SPY. IA down trend is persistent.
The ratio is at the lowest seen. However, RSI divergence with a slight increase in relative strength
as well as a dropping score on the Choppiness indicator both point to a reversal.
I will play this with call options on the UVXY ETF expiring on September 19th hoping to 2X the trade with
little given that the macros will hold up or raise UVXY as a bear market rally may stagnate or burn out.
What is your option?
DJI 2022 potential price targetsprice targets between $29k & $27k. with all the recession and inflation fears, markets are bearish for now. As we know there are still rate hikes coming by the Feds and this contributes to a weaker market for conventional stocks and commodities. We have two moving averages and a trendline that price action will have to contend with. Plus, we also see similar patterns with descending channels during this sell-off with the DJI.
BTC Roller Coaster: Fasten a SeatbeltWith the capitulation in may still lingering in the minds of retail and institutional traders alike, we get exposure to market events that speak to the uncertainty that lies in even the most advanced TA. With capitulation, a record number of liquidations roll through the equity value of BTC along with most ALTs. This part of the market cycle is not a hit and run situation either; this is a phase bound to last probably till mid-to late October as we approach the crypto "jackpot" month of November. Ranging markets are inbound but for now, this bearish flag is indicating a push further down into the low 20k's. Stay frosty my friends.