BTC Dominance going up! Hopefully we reverse back down!I'm an ALTCOIN holder so I'm biased towards an ALT season.
Unfortunately, it does look like the BTC dominance will be breaking out of that downtrend starting early 2021.
How high could it go?
Yes, usually BTC goes up first, follow by ETH, Big caps and then smaller alts.
Let's see if it happens like that again.
BTC trade ideas
this could be the bottombtc have bounce of 3 support at the perfect area to join confluence
1) btc held the 16300 horizontal support that was in the area of the 2017 all time high
2) it has also hit the trendline that started from around 30k to 15k
3) btc macro trenline was a major support that started from 2017 to 2022 and if u look at my chart analysis i have marked the area where btc has bounce and it has bounce at the best place possible right in between all 3 support line.
4)also my tdi indicator has broken its trendline and shows bullish divergence also strong volumn indicating to buy
do take into account the dxy is coming near to a major support i believe more important than the previous support.
BTC marketcap -20% coming 246B next support lost 2018 marketcapNot financial advice.
This is a weekly chart so it's not overnight but more like 3-6 months in total.
Patience will pay off
Essentially we have lost the 2018 top marketcap for BTC.
And the next support is 246B
This would be the target I'd aim for .
Also lines up with analysis of total marketcap coming back to 500 Billion which I will share and also lines up with BTC dominance chart which I will also post.
When we hit 246B Bitcoin will encompass roughly a 46-48% Market share or BTC Dominance.
Again do your own research
Always practice patience
#PIK
Patience is Key
#TLAW
Think Like A Whale
BTC Analysis I'll cover fibonacci, volume range, general trend, macro correlation coefficient and MA analyses.
This spread graph pins BTC against safe heaven assets, which include: Commodities (SP:SPGSCI), the U.S dollar (DXY/M2SL) and U.S Bonds (1/(TVC:US03Y+TVC:US02Y+TVC:US05Y+TVC:US10Y+TVC:US30Y)+1). Given representation of BTC's price accounts for various allocations of investors' capital to evaluate it's true intrinsic value. This favors accurate measurements.
Fib Analysis
The significant accuracy of demonstrated Fib levels confirm their precision. Current price level appears to be weakly breaking out of its fib resistance.
General Trend
Monthly:
Weekly:
BTC seems to be breaking out of the green parallel channel. In line with current economic conditions BTC's price is trading at it's lower price range.
CC & MA Ribbon
Pane above illustrates BTC's correlation coefficient with those safe heaven assets. A peak in their relationship implies a climax in BTC's short-term trend with those assets; acting as an RSI.
Volume Profile
This indicator is extremely useful, however difficult to use in long-term analysis. Through utilizing the ''free fall'' parallel channel(pink) and the indicator, evident resistance/support line intersections may be useful for evaluation.
Conclusion
Returning to the main graph, having had considered all these points, I presented an opinionated path of my prediction for BTC.
^ leave comments, questions and etc ^
I'll always reply ASAP
Layer 0 Blockchains ExplainedHello everybody.
Today i will explain What is Layer Zero Blockchains and How it work
and whats the difference betweem L1 and L0 ?
Lets go...
First take a look at The Scalability Trilemma :
the scalability trilemma is a series of trade-offs between decentralization, speed/scalability, and security
that one must make when designing a blockchain and constructing rules for its on-chain governance.
Centralization = Increased Speed, Decreased Security & Censorship Resistance
Decentralization = Decreased Speed, Increased Security & Censorship Resistance
It is very difficult , if not impossible, to achieve perfect decentralization without compromising scalability, and vice versa.
This is especially true on a monolithic blockchain where all the critical functions like transaction execution, consensus and data availability
(the ability to verify that all the data from new blocks has been published) are managed by a single network,
increasing the likelihood of congestion and making it much more difficult to scale.
A workaround to the scalability trilemma is to delegate the primary responsibility for these 3 functions to different independent blockchains.
This design ensures that the execution chain can be optimized for handling high TPS dapps like a DEX or play-to-earn game without worrying about decentralization.
A second chain can then be optimized for decentralization and serve as a final consensus layer for the execution chain to enable withdrawals to and anchor its data.
When it comes to scalability, layer 0 networks can help blockchain scale by increasing transaction throughput.
While transaction speed is typically measured in terms of TPS (transactions per second), transaction throughput looks at the total number of transactions that a network can handle at one time.
The Problem with Layer 1s
As the demand for Dapps increases and more capital flows into the space to support development, we are beginning to see the growing pains of layer 1 networks as they struggle to meet the needs of developers and end users who have opposing views on whether dapps should prioritize scalability, security or decentralization.
Layer 1 networks are built with a monolithic architecture. This means that the execution, consensus and data availability layers are all functioning within a single blockchain network. This stacked design places a strain on the system and results in the need for blockchains to comprise decentralization for security, or scalability for decentralization.
In addition, the lack of control over the underlying infrastructure that dapp developers build on top of has also been a cause of much frustration. Rising gas fees on the Ethereum network make all ethereum dapps too expensive to use, while unexpected downtime on the Solana network similarly makes all dapps on Solana also go offline.
Dapp developers must also make compromises in how they design their dapps in order to remain compatible with these L1 networks, and lack the ability to explore different consensus mechanisms or to experiment freely with token incentive models because consensus is a primary function of the L1 infrastructure layer. The overdependence on L1’s and difficult tradeoffs imposed by the scalability trilemma can only be remedied by creating a new base infrastructure that empowers developers to launch their own independent blockchains that can be optimized for different aspects of the scalability trilemma.
This base infrastructure is called layer 0, and it is the single most important component for helping blockchains and decentralized applications achieve limitless scalability while maintaining the highest possible levels of decentralization and censorship resistance.
What is a Layer 0 Blockchain?
A layer 0 is a type of protocol that enables developers to launch multiple layer 1 blockchains that can be designed to each serve a specific purpose and cater to 1 or 2 dimensions of the scalability trilemma as opposed to all 3.
These L1 networks can also be made to communicate with each other such that the end user can have the experience of using one blockchain while they are in fact using multiple.
Layer 0 (L0) networks are equipped with software development tool kits or SDKs that allow developers to launch their own blockchains, known as Layer 1s or L1s or sidechains, that are connected to the L0 mainchain but operate independently.
Diffrences Between Layer-0 vs. layer-1 blockchains
You can see some main differences between L0 and L1 blockchains in picture below:'
I hope you enjoy this Article
please share me your opinion in comments.
Good Luck...
Fundamental & Technical | BTC📉Bitcoin is currently testing a decisive resistance line (Zone 2).
Current existing factors influencing financial markets:
* Decreasing investors confidence
1. The continuance of recession-indicating economic reports
- A recession is expected (lastest FED + inflation rate reports)
2. Further war escalations
- Russia defaulting, economic allies are changing and higher % of GDP devoted in military sector.
3. Political uncertainty
- Boris Johnson resigning(UK)...
4. Natural diseases + disasters
- Covid 3rd/4th waves, extreme hot weather
1. FED Interest Rate decision on to be posted @ 18:00 on 2022-07-27. Current inflation reads at 9.1 (2022-07-13), beating the consensus (expected) inflation (8.8).
There is currently a lot of uncertainty over financial asset valuation. Worse economic statistics than predicted will likely imply our volatile digital assets will drop heavily once the interest rate decision is out(and if its hawkish).
2. Japan warns over Chinese and Russian increasing cooperation (economic & military).
Rising concerns for investors:
- Increasing number of involved countries (alliances)
- Lasting severity of war donations
- Rising war spending (2.5% of total GDP increase in UK)
3. Depending on the UK's new PM outcome, the country's fiscal(tax) policies may be on each extreme.
The candidates:
* Rishi Sunak vowing to increase taxes
* Penny Mordaunt would raise income tax thresholds for basic and middle-income earners. (Lowering tax revenue)
* Foreign Secretary Liz Truss mentions creating ''low tax, low regulation zones''. (Lowering tax rates)
4. Covid + Heat waves
- Extreme heat waves in Europe affecting productivity, trade, currency valuations and etc.
- Currently, Covid waves have a greater impact on LEDCs. Corruption, poor infrastructure, worse weather control(worsening symptoms severity) and fake vaccine passports may all contribute towards this fact.
Thereby, I believe a drop will occur to satisfy the market changes within the zone 2.
Risk/rewards ratio: 3.23
Open Short: 265.75M
Take Profit: 173.17M
Stop Loss: 293.74
Note: the graph is BTC/Gold. I will be posting an explanation for it's utility
Thanks for your time!
San:)