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$ILV/BTC 8h (#Binance) Falling wedge breakout and retestIlluvium is pulling back to 100EMA support after a clear bullish move, more up-trend against Bitcoin sounds legit. ⚡️⚡️ #ILV/BTC ⚡️⚡️ Exchanges: Binance Signal Type: Regular (Long) Amount: 7.3% Current Price: 0.003430 Entry Targets: 1) 0.003316 Take-Profit Targets: 1) 0.003992 Stop Targets: 1) 0.002864 Published By: @Zblaba $ILV #ILVBTC #Illuvium #P2E #NFT Risk/Reward= 1:1.5 Expected Profit= +20.4% Possible Loss= -13.6% Estimated Gaintime= 3 weeks
Long
by TradingOn
Rise of the Planet of the APEs 🦧Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. 🦧 APE has been overall bullish trading inside the rising broadening wedge in blue and is now retesting the lower bound. Moreover, the zone 4.5 - 5.0 is a strong weekly support zone . 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support zone and lower blue/red trendlines . (acting as non-horizontal support) As per my trading style: As APE approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
36
New ATH for #DBI Don't Buy InuWith the premint and whitelisting of his new #NFT's we have a seen a large spike of holders going from just 1700 to over 2200 Which has resulted in the price going up over 2.5X Just shows you the power of Metcalfe's law in Action In #crypto if you 5X the users The price should in theory go up 25X By squaring the user growth. So a 10X in users should see a 100X in price. This is why adoption is so critical for price performance. If #DBI can get to 10,000 holders from here it should meet my target of 13 cents , which is a log based bull flag.
DLong
by BallaJi
Bitcoin Ordinals: a new era for nfts or just a passing trend?Bitcoin NFTs are all the rage right now because of the launch and huge success of the "Ordinals" protocol. Ordinals provide a new way to create NFTs on the Bitcoin blockchain. The latest increase in Bitcoin resources is due to the launch of the CryptoPunks (Ethereum-based NFT) collection equivalent to Bitcoin. Although all the hype is meeting with mixed reactions from the web3 community. So what are Bitcoin ordinals? What are NFT ordinals? On January 21, software engineer Casey Rodarmor launched the Ordinals protocol on Bitcoin's blockchain. Each Bitcoin can be divided into 100,000,000 units called "sats" (short for Satoshi). This new protocol allows users and builders to inscribe each "sat" with data, known as ordinals. This data can also be smart contracts and then NFTs can be minted on them. In essence, the Ordinal protocol allows builders to create NFTs on the Bitcoin blockchain. Furthermore, one of the key distinctions between Ethereum-based NFTs and Bitcoin is that Ethereum NFTs usually point to off-chain data on the IPFS system. With this protocol, all data is inscribed directly on-chain. "An Ordinal is meant to reflect what NFTs should be, sometimes are, and what inscriptions always are, by their very nature," Rodarmor says. This new ecosystem could benefit the NFT industry in general by enhancing the very concept of digital collectibles. In addition, because of the entirely on-chain data enrollment for Ordinals, Rodarmor refers to them as something beyond NFTs, calling them Digital Artifacts. How do Bitcoin Punks change the game? February 8th was just another day in the web3/nft space, until a Twitter profile with a dozen or so followers and a discord server with just 20 members appeared on the scene. To make the BTC Punks website, the team of developers checked the hash of every image uploaded to Ordinals and compared it against the original 10k punk images. The links to Bitcoin Punks are the first-seen inscriptions (lowest ID) that contain these hashes on Ordinals. After a few hours, everything changed, and the storm of bitcoin punks began. The fomo spread quickly on Twitter and among the various discords, with a real onslaught of inscriptions of these punks, even slowing down the bitcoin network. In many ways, Bitcoin Punks mean a new wave of NFT bitcoin, digital collectibles, and marketplaces. Bitcoin Punks are the first byte-perfect uploads of the original Ethereum CryptoPunks onto the Bitcoin Blockchain using Ordinals. The entire 10K collection minted out in less than 24hrs, with one Punk (#620) sold for 9.6 BTC (~$214,766.50). However, one of the problems with the project at the moment is that there is simply no market to buy and sell the cryptocurrency once minted. But this, of course, does not prevent the Web3 community from buying and selling the digital pieces. So far more than 80k ordinals have been inscribed on Bitcoin's blockchain. There has also been a backlash against the entire protocol from Bitcoin maximalists. According to them, the whole idea of Bitcoin NFT is against Bitcoin as a financial resource. Some even argue that Ordinals are just a waste of network space compatible with Bitcoin. How to actually purchase ordinals? To purchase an NFT Ordinal , one must first download a Bitcoin-compatible wallet. I've been using a Sparrow since the beginning of this new "meta". Once done, the user must then follow a detailed guide from GitHub to make the BTC wallet compatible with Ordinals. Next, the user must run their Bitcoin node and inscribe an ordinal (which would not be possible with bitcoin punks now since the project has been minted). Then there are two other options available for people to purchase a BTC Ordinal NFT. Using Emblem Vault and buy ordinals on OpenSea, with ethereum. Emblem Vault is a tokenized multi-asset wallet on the Ethereum blockchain that can contain one or more tokens or NFTs. You can use Emblem Vault to trade portfolios of NFTs and cryptocurrencies, including assets from different chains, as a single token. Most of the nfts collectors are using Emblem to buy and trade NFTs on Bitcoin. The other easy way is to find ordinal owners and purchase it from them directly (OTC). Owners can be found on Discord servers. Browsing the link-your-project channel on their discord allows users to explore what Bitcoin projects are out there. This is, of course, a huge risk for potential customers, as the sites and discords could be total rugs. Also, unless there is trust between buyers and sellers of the project, it can lead to scams and fraud. In addition, BTC ordinals can take hours or even days to appear in your BTC wallet. Create an Inscriptions. Moving on, if you want to create/register an Ordinal yourself, there are services out there that allow this. The services allow users to register them without actually running a node. For example, the popular Bitcoin project Satoshibles has created an OrdinalsBot, which allows users to inscribe NFTs into their Bitcoin wallets. I personally used OrdinalsBot to inscribe Bitcoin Punks during the first day of "mint".
by cryptohubble