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Bitcoin 14% crash to 44k is starting (levels)Technical analysis Bitcoin has pumped significantly in the past few weeks, but nothing lasts forever, and markets always move in waves. I am expecting a 14% crash to 44k in the next few weeks. Why? We can see that the price is now below the ascending parallel channel, which is a sign of weakness. Also, as per my Elliott Wave analysis, we have finished the 5th wave of an impulse wave. What usually follows is an ABC correction or a WXYXZ complex correction. On the chart, you can see my levels, which you can use as support or resistance (profit target or entry point). These levels are very strong, and the market should react to them. Usually Bitcoin loves to bounce from 0.382 or 0.618 Fibonacci levels, and I think the bottom will be at 0.618 FIB. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Short
by Xanrox
181
GOLD → Negative fundamental background and support retest FOREXCOM:XAUUSD , as we expected, is declining. False breakdown of 2031, retest of global resistance and negative fundamental background leads to the price losing 0.9% from the local high. There is little news today, the fundamental backdrop for gold persists, as does the outflow of GOLD-ETFs from the market, which is a generally negative scenario. The dollar continues to strengthen, as well as forming a candlestick pattern that confirms the general policy. Technically, gold is testing 2015 and may form a rebound to 2020-2025, after which the market may wait for a retest of 2015-2016 with the aim of breaking the support and further decline to the mentioned targets. Both technically and fundamentally, the overall picture suggests further price decline. Resistance levels: 2021.5, 2027 Support levels: 2015, 2010, 2000, 1995 The situation is generally bearish. The fundamental background and TA determine for us the medium-term potential, which is directed towards the realization of the movement to 2000-1990 TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
FOREXCOM:XAUUSDShort
by RLinda
19
EURUSD → Favorable background for the currency pair decline FX:EURUSD confirms the boundaries of the range 1.0887 - 1.0724 and is inside the flat. Touching resistance and the news on Thursday define medium-term targets for the currency pair. Yesterday the market received a portion of positive fundamental data for $, based on which the regulators continue to support the dollar index, which forms a candlestick pattern that portends further growth, which may negatively affect the euro. The price forms touching 1.0887 and subsequent decline to 1.0830. At the moment consolidation is forming below this level, which can accumulate the potential for further decline to the area of 1.0724. Resistance levels: 1.0830, 1.0887 Support levels: 1.0780, 1.0724 I expect a fall on the basis of TA and FA. Consolidation below 1.0830 forms the potential for further decline to 1.0780 and even to 1.0724. Regards R. Linda!
Short
by RLinda
6
XRP - Best time to buy is right now, here is whyXRP is currently sitting on the main support of the ascending parallel channel. This is definitely a great opportunity to buy cheap XRP. We have a leading diagonal wedge as wave (1) followed by a sharp correction wave (2). Wave (3) should be in progress. You can be sure that XRP is a big deal for huge institutions such as banks. They are already investing a lot of money into implementation of this cryptocurrency. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Unlike Bitcoin or Ethereum, the XRPL uses a unique Federated Consensus mechanism as its method of validating transactions. Transactions are confirmed on the XRPL through a consensus protocol, in which designated independent servers called validators come to an agreement on the order and outcome of XRP transactions. All servers in the network process each transaction according to the same rules, and any transaction that follows the protocol is confirmed right away. All transactions are public and transparent, and anyone can operate a validator. There are currently over 150 validators on the ledger, operated by universities, exchanges, businesses, and individuals around the world. Through the Federated Consensus mechanism, all verified transactions can be processed without a single point of failure as no single participant makes a decision independently. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
11
BITCOIN → Is a correction before growth possible? New targets?BINANCE:BTCUSD is in a strong growth phase, updating the highs of December 2021. The price does not reach the 53K level and may forge a correction to support before further growth. Pic: Three key scenarios against the backdrop of a possible correction Why we should wait for a correction: Market potential (technical component) may get temporarily depleted and price may forage a correction to support to capture liquidity before rising further. On the 1-hour chart, the market is forming a consolidation in the range of 51k - 53,500. But at the same time the price bumps into the resistance and starts to feel some pressure from the sellers. There is nothing terrible in it, there is a chance for a technical pullback. It is worth paying attention to three possible scenarios regarding the correction to the support, indicated on the chart. In our case, the first liquidity area is the zone: 51256. The breakout and consolidation below the level will form a small liquidation and will be able to reduce the price to 0.236 fibo or to 48435. And the breakthrough of 48435 may provoke rather strong sell-offs. But against the general background it is unlikely. False breakout of one of the mentioned levels followed by consolidation above the level is the main pattern that will resume further growth. Pic: Bullish trend and key levels and zones There is an obvious strong bullish trend in the market. The price is overcoming the trend resistance, which technically can accelerate the strengthening phase of the price. But, before further growth, from a technical point of view, the flagman may test the support area (previously broken resistance), and in addition, the counter-trend correction is also a kind of liquidity consolidation. It would be good for the market to form another liquidity pool and local bottom before further growth to 53K, 58K and towards ATH. Pic: Strong support and resistance levels on high timeframe Both technically and fundamentally BTC is quite positive. Globally - the price is leaving the 51K - 42K range and thus makes us realize the situation that further promising targets are still ahead. Fundamental: - outflows from GBTC have significantly decreased - total open interest in BTC on major exchanges increased to the highest since April 2022 - net inflows into spot BTC-ETFs have been sustained for 15 consecutive days - BTC was included in the investor education program - BTC remains the most discussed token among the crowd Support levels: 51256, 50986, 0.236 fibo, 48435 Resistance levels: 52884, 53524 CME:BTC1! CRYPTOCAP:BTC CRYPTOCAP:TOTAL Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
34
EURUSD → Pre-break consolidation. What could happen?FX:EURUSD may try to break resistance and there are several prerequisites for this from a technical analysis point of view. The dollar index is trading quietly today as the US celebrates the President's Day. Volatility may be low, but there are preconditions on the chart that prepare the index to decline and the euro to rise. Index: price continues to tighten to support after a shakeout (long candle shadow) was formed. EURUSD relative to the channel resistance on H1 and 1.0785 level is forming a pre-breakdown consolidation after a pullback from the range support. The currency pair is testing a resistance breakout attempt and price consolidation above 1.07850 will form the potential for bullish distribution. Resistance levels: 1.0830, MA-200, 1.0887 Support levels: 1.0785, MA-50 I expect to see an attempt to break the trend resistance, with a high probability it can be successful, but this chance is not 100% percent. Consolidation above the above mentioned area may give us a chance Regards R. Linda!
Long
by RLinda
4
Bitcoin - 17% crash is starting! Buy again here:Technical analysis: Bitcoin is pumping, but be very careful because the price is currently at the strongest resistance ever. TOP of the parallel channel and 1.618 FIB Extension are definitely extremely strong levels. You do not want to go against it; rather, you want more confirmation. I recommend buying Bitcoin at the middle line of the ascending parallel channel on the log scale chart. On the chart, you can see my Elliott Wave count, and in my opinion, we are in wave (3) of the whole bull market. Are you ready for a crash or not? Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. Fundamentals: How Is the Bitcoin Network Secured? Bitcoin is secured with the SHA-256 algorithm, which belongs to the SHA-2 family of hashing algorithms, which is also used by its fork Bitcoin Cash (BCH), as well as several other cryptocurrencies. How Is Bitcoin’s Technology Upgraded? A hard fork is a radical change to the protocol that makes previously invalid blocks/transactions valid, and therefore requires all users to upgrade. For example, if users A and B are disagreeing on whether an incoming transaction is valid, a hard fork could make the transaction valid to users A and B, but not to user C. A hard fork is a protocol upgrade that is not backward compatible. This means every node (computer connected to the Bitcoin network using a client that performs the task of validating and relaying transactions) needs to upgrade before the new blockchain with the hard fork activates and rejects any blocks or transactions from the old blockchain. The old blockchain will continue to exist and will continue to accept transactions, although it may be incompatible with other newer Bitcoin clients. A soft fork is a change to the Bitcoin protocol wherein only previously valid blocks/transactions are made invalid. Since old nodes will recognise the new blocks as valid, a soft fork is backward-compatible. This kind of fork requires only a majority of the miners upgrading to enforce the new rules. Some examples of prominent cryptocurrencies that have undergone hard forks are the following: Bitcoin’s hard fork that resulted in Bitcoin Cash, Ethereum’s hard fork that resulted in Ethereum Classic. Bitcoin Cash has been hard forked since its original forking, with the creation of Bitcoin SV. Read more about the difference between Bitcoin, Bitcoin Cash and Bitcoin SV here. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Short
by Xanrox
95
GOLD - Price tests resistance ahead of FOMC meetingOANDA:XAUUSD is testing 2030 and forming a false breakdown. Today the market is waiting for news from the FOMC , where they are likely to discuss inflation, interest rate and may make some statements. At this time the metal price is forming the range of 2030 - 2016 Globally, gold is flat as investors are confused by the US market regulators. But, interest in the metal is still high from the Central Bank, at the same time the GOLD-ETF is caught up in a wave of sell-offs due to the Fed's sharp statement last week about a possible interest rate cut in summer instead of spring. Technically, gold may head towards 2020, 2016 support from resistance. But, at the time of news, the price may test 2029 and 2037 before further correction to these targets. Resistance levels: 2029, 2037 Support levels: 2020, 2016, 2004 The market is neutral and the price is moving between strong levels. Most likely, on the background of the FOMC speech, the price may again form a bearish correction after the resistance retest. TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
7
ETH - last wave up, then a 16% crash!Technical analysis Ethereum is bullish, but do not be too much excited about it. Buying at the current price is simply not worth is as per my technical analysis. We can see that the price of ETH created 2 unfilled Fair value GAPS below the current price. Usually these gaps tend to be filled sooner or later. Wait for the uptrend to end and then take a fibonacci retracement tool and look for the 0.618 level. From the Elliott Wave perspective it looks like a wave 5 can be in progress, but we do not want to long waves (5) as often there is only a liquidity sweep above the previous wave (3) and then a massive crash follows. Daily RSI overbought region, weekly RSI overbought region. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Short
by Xanrox
44
GOLD → Retest of downtrend resistance. Low volatility on Monday FOREXCOM:XAUUSD is redeeming part of the fall that occurred on Tuesday. The price is testing trend resistance amid the correction, but the negative fundamental background is still in place. There is no news today, as the USA is celebrating the President's Day. Technically, buying back positions is not an uncommon maneuver from a market maker who has the task to get back some liquidity from speculators who had time to open trades in the right direction. Also, the area of 2029 is an attractive zone and we have a high enough chance to retest this resistance. But, after breaking through the channel resistance, there is no upward impulse, which would indicate a change of trend. XAU is currently in a narrow consolidation and may soon test the 2016 support and the previously broken channel boundary. If a false break of trend resistance is formed, a sell-off phase towards 2000-1998 will begin. Resistance levels: 2020.9, 2023, 2029.4 Support levels: 2016, 2015, 2011 The price is in the 2020.9 - 2016 consolidation. A break of one of the boundaries will give temporary potential. If resistance is overcome, price will head towards 2029.4 before falling further. But, a breakout of 2016-2015 will form a phase of decline to the mentioned targets on the chart TVC:DXY COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
10
GOLD → Correction against the background of a bearish trend FOREXCOM:XAUUSD on Thursday is buying back some of the decline after bouncing off support. The market is under selling pressure and strong ETF selloffs are contributing to the downtrend. Price is testing strong resistance that was broken on inflation related news. But the fall is being redeemed on the back of lower than expected Initial Jobless Claims, the dollar index seems to be forming a small rebound on the strengthening. Technically, as gold is forming a correction to resistance, this key resistance could be 2004, 2009. A false breakdown and retest of this area could form the potential for further declines, as the generally negative fundamental background for gold remains. Resistance levels: 2004, 2009 Support levels: 2000, 1998, 1990, 1986 On the background of correction, the price may test the resistance before further decline, as it is the decline that should be considered at the moment on the background of the downtrend TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
8
GTAI - Breakout soon, 125% Profit in a few days!The price of GTAI is inside a symmetrical range and is ready for a breakout to the upside! 130% profit in a few days should be easy if you buy this coin at the current price. We can see that the range is tightening, and usually a huge move is followed after one of the trendline breaks. There is only 1 resistance on the way up, and it's the previous all-time high from January 2024. After we hit a new ATH, the price will be in price discovery mode. It is always important to do an Elliott wave analysis to confirm our bias. In this case, we have a strong bullish Elliott Wave nest (1, 2, 1, 2), which is basically waiting for a breakout. The bullish setup is good from a technical perspective!  Market cap - $12,226,686 - Rank #915 Volume (24h) - $18,926,683 - Rank #218 We can see that the 24-hour volume is very high, despite the fact that the rank is only 915. I would say this can coin 10x in the next few weeks without any issues. There is clearly an elevated interest in this coin. The price is making higher lows, which is a definition of an uptrend from a technical perspective, as we can see on the chart. More about GTAI: AI execution technology enables the execution of any trade, swap, or NFT investment command on centralized exchanges, decentralized exchanges, and NFT platforms simply by sending a text prompt or even a voice message to our AI model. The purpose of this technology is to simplify and make the process of crypto investment and trading accessible for Web 2.0 users while also improving the UI/UX experience for professional Web3 users: AI buy/sell/swap/trade commands execution AI portfolio management AI-powered automated trading A deep AI off-chain and on-chain market analysis AI trading signals AI arbitrage trading AI NFT management AI-powered shopping assistance AI-powered Web3 onboarding and education Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Long
by Xanrox
12
MAGIC is starting a strong uptrend, new ATHMAGIC looks very strong in the major timeframe. We can see that the uptrend is very strong and reliable. I am expecting the coin to hit an all-time high in a few weeks and a 288% profit in a few months. It's probably best to buy this coin right now, but you may want to wait for a small pullback. We can see that the previous downtrend ended with a descending parallel channel. It's always important to do an Elliott Wave technical analysis, and from my point of view, we have started this uptrend with a strong impulse wave (12345) and already made an ABC correction. Wave (3) should be in progress. What Is Magic (MAGIC)? MAGIC is the utility token that connects gaming communities in the Treasure Metaverse: a decentralized NFT ecosystem which sits on Arbitrum, one of Ethereum’s Layer 2 scaling solutions. MAGIC is a cross-game currency that connects games, players, metaverses, and communities, all within Web 3.0. The token was launched in September 2021 so its community could buy and sell in-game NFTs on Treasure. It also acts as a reserve currency for Treasure’s metaverse. Players can earn MAGIC tokens by gaming, mining, and participating in Bridgeworld, Treasure’s flagship game. Treasure now hosts twelve other games on its platform, some of which allow you to use and generate MAGIC tokens like in Bridgeworld. These include Beacon, a free-to-play fantasy action rogue-lite RPG; and Realm, a world-building and exploration game.
Long
by Xanrox
7
GOLD - Formation of a bearish channel. Bounce before the fall FOREXCOM:XAUUSD is moving into a consolidation phase after a phase of strong sell-offs. The probable reason could be the news that the market is waiting for. What can happen in the market? The general fundamental background for gold is negative, therefore, it is worth considering further prospects downward. Technically, a descending channel is beginning to form on the chart, but the price is already forming a rebound from the trend support, confirming the presence of the channel boundary. As the news is ahead, before the fundamental data update, the gold market may test one of the key resistances to capture liquidity. Such target may be MA-50, 1998, or the boundary of the range 2000-2004. And the target on the background of the bearish trend may be the area of 1980 - 1976. Support levels: 1990 Resistance levels: MA-50, 1998, 2000, 2004 Traders are waiting for the news, analysts are generally expecting bearish numbers, but something tells us that the current US policy will not allow strong bearish data. Technically the trend is bearish and after the rally, the price may test the sellers' liquidity zones before falling further TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
10
GOLD → News takes price out of uptrend and consolidationFOREXCOM:XAUUSD is leaving the range. It happened. Tuesday's news defines the medium-term outlook for the market and, amid selling pressure, the price reaches targets below 2000. Today we have no news, the fundamental background remains the same - negative for gold. The chart above clearly shows that the price is coming out of the consolidation phase and the uptrend. The strong support area is broken, and the closing of the daily candle on Tuesday defines the local boundary at 1990, if it is broken, the decline will continue. Actual targets at the moment are 1980 - 1976. A strong enough liquidity zone that beckons this wave of momentum. After the inflation report, the dollar continues to rise, and the markets are now betting that the Fed will not cut rates before June, which is a negative leverage for the forex, including the XAU. Resistance levels: 1993, 1997, 2000, 2004 Support levels: 1990, 1980, 1976 1990 plays a key role. There may be a correction or multiple retests before the breakout. But a pre-breakout consolidation or consolidation below 1990 may start further sell-offs towards 1980 TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
11
GBPUSD → Weak pound on negative fundamental backdrop FX:GBPUSD is finally coming out of a long consolidation. Tuesday's news determines the medium-term prospects for the market, and most likely the decline will continue. The target at the moment is 1.25000 - liquidity area and also an important psychological level. The bullish correction is coming to an end and the price is back in the bearish phase. After the inflation report, the markets are now betting that the Fed may start the interest rate cut phase in the summer. The forex market is plunging into the red corridor on the back of a rising TVC:DXY . The currency pair will technically reach 1.2500 in the near term and a correction may follow after a false breakdown. Resistance levels: 1.2615, 1.2650 Support levels: 1.2520, 1.2500 A break of consolidation support opens a bearish trend. Negative fundamental background will favor it. The nearest target is 1.25, further correction may follow before the subsequent fall to 1.2380. Regards R. Linda!
Short
by RLinda
4
ETHUSD → What's the significance of 2300? When's the growth?BINANCE:ETHUSD in the correction phase is testing the ascending support line, which divides the bullish trend into two planes. At the moment it is worth to pay attention to the level of high importance - 2300. This level was formed in the beginning of 2022 and has several confirmations, including the current consolidation, or rather the sawing of this area. The price looks quite strong, because on the unclear market sentiment, ETH is still above the support and buyers are not yet letting the price near the risk zone - 2230 - 2145. The fundamentals are fairly confident for eth. The coin from further growth at the moment is restrained by a stop in BTC, which after a rally of a number of fundamental reasons went into a consolidation phase. Support levels: 2300, rising line, 2145 Resistance levels: 2383. In the future, if the situation persists and the coin does not break the support, we should consider consolidation above 2300 with the subsequent breakout of 2383 and growth to the above target, as the bullish prerequisites are still in place CRYPTOCAP:TOTAL BINANCE:BTCUSD Regards R. Linda!
BITSTAMP:ETHUSDLong
by RLinda
14
MAV - 769% profit in 2024, buy nowMAV is starting a parabolic phase, as you can see on the chart. The price hit an all-time high on Binance, and the resistance turned into a support. The previous ATH must hold for the continuation of the uptrend (0.5824). Where to take profit? 1.97 is the first strong resistance because it's the highest traded price on Binance. But we should go much higher than that. 6.56 is the minimum profit target. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. About Maverick Protocol Maverick Protocol is a DeFi infrastructure provider focused on increasing industry efficiency, powered by Maverick AMM. Maverick is backed by Founders Fund, Pantera Capital, Coinbase Ventures, Binance Labs, Circle Ventures, Gemini, etc. Maverick’s eliminating inefficiency from DeFi by helping users put their liquidity where it can do the most work. It’s building in 3 phases: Capital Efficiency: launched the first Dynamic Distribution AMM Liquidity Incentivization Efficiency: launched lquidity shaping tool - Boosted Position Voting Escrow: ve-Model and metaprotocol design
Long
by Xanrox
12
SSV is ready to hit a new all time high, time to buy?SSV is really strong; the price is near the previous all-time high. This is a strong sign for the future price. We can see that the downtrend ended with the descending parallel channel. What about volume? Volume is the most important thing because we need to see interest from other investors. If we take a look at the volume indicator, we can see that the volume is record-high. Elliott Wave strong structure (1)(2)(1)(2). Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! ssv.network is a decentralized staking infrastructure that enables the distributed operation of an Ethereum validator. This is achieved by splitting a validator key between four or more non trusting node instances (‘multi-operator node’). The nodes are collectively tasked with executing the validator's duties under a consensus mechanism. In simple terms, the protocol transforms a validator key into a multisig construct governed by a consensus layer. The unique protocol improves robustness, liveliness and fault tolerance of nodes across the Ethereum ecosystem. Distributing validator keys between node instances suggests a major leap forward comparing to existing staking schemes who fall short when it comes to. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
5
XEM/NEM is starting a huge uptrend. 1500% profit this yearXEM is currently breaking out of the huge downtrend on the weekly chart. We always need to take a look at the volume indicator, and the bullish volume is really huge, which confirms my idea. The downtrend ended with a descending parallel channel and a WXYXZ complex Elliott Wave corrective pattern. We have three key resistances on the weekly chart. XEM Needs to be strong enough to break them. It is up to you which profit target you choose; on the chart, you can see three profit targets. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. What is NEM? NEM is a blockchain platform that was launched in March of 2015. It was one of the pioneers of the cryptocurrency industry, and sought to improve on the imperfections found on other chains at the time. It was one of the first non-turing complete chains to feature user-defined tokens (called mosaics), namespaces, multisignature accounts, and a P2P reputation system based on EigenTrust++. Its most notable contribution to the space is the proof-of-importance consensus mechanism, which sought to reward on-chain activity and deter the concentration of wealth commonly associated with proof-of-stake. Its client, NIS, is written in Java. NEM has a global community. It sees the most utility as an alternative form of payment for businesses and vendors, and has a variety of social media apps built on top of it in Japan, such as nemgraph, a community-driven owned and operated alternative to Instagram. In December 2021, NEM was hard forked by a pseudonymous team of cryptocurrency experts and enthusiasts alike. Titled Harlock, this hard fork signaled the community’s intent to take NEM from a shadow of its former self into the world’s leading payments platform for on-chain and off-chain media content. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
XLong
by Xanrox
5
PEOPLE is ready for a 1333% profit. Buy nowPEOPLE is incredibly bullish at this moment. We can see that this is the strongest weekly candle in the history of this coin. Is this a bullish or bearish sign? Of course, bullish! We have a falling wedge pattern, and as per classic technical analysis, the target of the falling wedge is the top of the wedge, which is the previous all-time high. What about the volume indicator? Volume is the strongest in history and also a very bullish sign. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Constitution DAO (PEOPLE) was another instance of an internet-based grassroots movement taking on establishment symbols with the help of cryptocurrencies. Similar to what happened with GameStop, Constitution DAO channeled the virtual power of the masses to only narrowly miss out on making real-world history. The DAO published its first tweet on November 12, only six days before the Sotheby’s auction on November 18. The copy of the Constitution was the last remaining privately-owned copy, and the first time a copy of the Constitution went on sale in 33 years. Within hours, the DAO’s Discord server grew several thousand people strong and eventually reached 20,000 members within a little over a week. Relying on a mix of Nicolas Cage memes, inspired by a movie in which Cage is trying to steal the Constitution, and the crypto-specific (x,x) meme first popularized by Olympus (OHM), the attempt quickly went viral on Crypto Twitter. The DAO used Juicebox to receive donations in Ether and collected a sum north of $47 million, which would have easily been enough to win the auction, had it not been for the auction house fees and storage costs for the document that were not accounted for by the DAO. Ironically, Ken Griffin, a declared opponent of Bitcoin, won the auction. In the aftermath of this saga, Constitution DAO announced it would dissolve as it had planned in case of failure from the very beginning. It cited technical and administrative requirements as reasons for doing so, and donations can be reclaimed for an indefinite period of time via the project’s website. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
9
YFII is pumping, is 350% possible in the short-term?YFII is pumping; this is pretty clear. But will this pump continue? I think so! Why? Because we have this parallel channel on the weekly chart, and the price is currently near its support line. From a fundamental perspective, this coin is really strong, and whales are buying. It is a huge deal for the banks and big corporations. The ABC correction is complete, which is pretty clear. This is a great bullish setup. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! DFI.MONEY (YFII) originated as a hard fork of yearn.finance, the aggregator for DeFi returns created by Andre Cronje. Cronje left the original incarnation of yearn.finance, iEarn, in early 2020, only to return to continue its development, whereupon its popularity grew considerably as DeFi became more mainstream. In July 2020, mining and farming of yearn.finance’s YFI token ended, and a proposal to protect liquidity provision from whales earned 80% support among protocol participants. However, it was not adopted due to not meeting yearn.finance’s requisite 33% quorum requirement. As a result, a group of users opted to hard fork the protocol to create DFI.MONEY, with its own token, YFII. The hard fork implemented the proposal, known as YIP-8, which makes YFII rewards decrease each week, following a pattern popularized by Bitcoin (BTC). Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
YLong
by Xanrox
12
GAS is a beast, buy here againGas pumped a lot, which you can see on the chart. Now we need to think about re-buying this coin for another profit. Where to buy GAS? We have an unfilled FVGAP that I have drawn on the chart; this is strong support. Also, we have the 0.786 FIB retracement. These levels are close to each other, so place your limit orders to buy gas here. Thank me later. We also need to complete the ABC corrective pattern before another pump. Gas is a token created on the NEO blockchain platform with primary purpose of being fees for processing transactions on the NEO network. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
1