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TAO/USDT EXPLOSIVE MOVEMENT!!! TAO SMASHED through buyside and VIOLATED the hourly imbalance. Where is it going next?? After TAO smashed buyside and violated the hourly imbalance, we must look for our next area of interest. Looking at the hourly chart, we see that there is a volume imbalance that needs to be rebalanced AND an hourly SIBI that needs to be rebalanced as well! Looking to see how price reacts when it reaches these levels. IF it violates these levels, then it's telling us that it wants to take out more buyside liquidity. IF it respects these levels and shifts in market structure lower, then we shall see a reversal to the downside. There are always multiple outcomes so it's BEST to be patient, and RESPOND to what price is telling us rather than REACT!! Remember: THIS IS NOT FINANCIAL ADVICE. I AM NOT A FINANCIAL ADVISOR. I AM SHARING MY IDEAS IN HOPES OF OTHERS SHARING THEIRS WITH ME AS WELL SO WE CAN LEARN AND GROW TOGETHER. TRADING IS EXTREMELY RISKY SO BE CAUTIOUS AND TRADE AT YOUR OWN RISK. DO YOUR OWN RESEARCH. ANALYZE YOUR OWN MARKETS. AND TRADE SAFE!
by INVYZNN
$TAO next stop $1000?I called out GETTEX:TAO at $250 on Feb 4. Since then it ran to $700 and has pulled back and consolidated between about $550 - $625. The chart has formed and if the market continues to move I think there is a chance the buyers come in to run this to 4-figures. This is entirely dependent on the market not nuking - but with the intense, likely institutional BTC buying over the past 48 hours and many retail investors sidelined with little exposure I think a full meltdown is unlikely. We also need the equity markets to stay hot - thats a different story in and of itself.
Long
by mikerays
AI Meets CryptoLast week OpenAI CEO Sam Altman expressed his desire to raise $7 trillion or 3.5 times the total crypto market capital to fund chip design and manufacture to meet increasing demand for artificial intelligence (AI) technology. This investment is so large that it has inspired participants to think more in terms of exponential growth. Why are we talking about this in a Crypto-focused newsletter? Because crypto traders understand exponential growth well. Also, because the Crypto-AI narrative has taken off. Prices of AI coins in the last few weeks have reflected this trend. Bittensor's TAO token, depicted on the chart above, has grown exponentially since December. According to CoinGecko however, AI tokens have a market cap total of only $16 billion, which is less than 1% the total crypto market cap. Meme tokens are worth $23 billion. Crypto and AI have been the two most talked about technologies in the last five years. Given the growing adoption, it makes sense that they would overlap. But many believe that the two technologies are fundamentally opposed to each other. Crypto facilitates decentralization. While AI thrives on and enables centralization through the models it is based on. The intersection is where Blockchain technology could power decentralized AI models. Crypto rewards participation through financial incentives. Crypto's incentive structure can encourage decentralization of AI by rewarding balanced and diverse data sources. It could also help keep control over AI out of the hands of big tech. Bittensor wants to accomplish this by creating a network of machine-intelligence. These networks have the ability to share and communicate information while assessing and ranking other network participants.  Crypto is the ultimate playground for economic experimentation and game theory. It can also serve as a financial engine for machine-to-machine transactions without reliance on trusted, centralized actors. It only makes sense then that AI would fit into the Crypto narrative. From a markets point of view, it clearly seems like this narrative is starting to take off. Watch this space.
Long
by Coinrule
TAO Unlocking Potential: The Perfect Entry Point for Profits 💰## Bittensor (TAO) Coin: Short Fundamentals, Recent News, and Disclaimer **Fundamentals:** * **Purpose:** Bittensor is an open-source protocol powering a decentralized, blockchain-based machine learning network. * **Technology:** Utilizes federated learning, allowing models to train collaboratively without sharing complete data. * **Token:** TAO serves as the network's utility token, rewarding contributors based on the informational value they offer. * **Market Cap:** Approximately $3.8 billion (as of February 22, 2024), ranking #26 on CoinGecko. * **Circulating Supply:** 6.3 million tokens. **Recent News:** * **February 21st:** Bittensor announces integration with Chainlink oracles, enabling secure access to real-world data for training models. * **February 15th:** Partnership with AI company SingularityNET to foster collaboration and development within the decentralized AI space. * **February 10th:** TAO listed on major cryptocurrency exchange Huobi Global, increasing accessibility and liquidity. **Disclaimer:** * This information is for informational purposes only and should not be considered financial advice. * Cryptocurrency investments are highly volatile and carry significant risks. * Thorough research and due diligence are crucial before making any investment decisions. **Additional Notes:** * The price of TAO has seen significant growth in recent months, reaching an all-time high of $2,223 in January 2024. * However, the market is currently experiencing a correction, and TAO's price has fallen accordingly. * The long-term potential of Bittensor and TAO depends on the continued adoption and development of its decentralized machine learning platform. I hope this summary is helpful! Please remember that investing in any cryptocurrency carries inherent risks, and you should always do your own research before making any investment decisions.
Long
by MoonTradingForecast
My Bullish Take on Bitensor's $TAO and the AI-Blockchain FrontieTracking the chart for Bitensor's FWB:TAO token, I feel bullish . The pattern feels like a classic example of strength in a market that's breathing in after a significant run-up. This pullback, characterized by a series of higher lows connected by a 7-point downtrend line, has now been decisively broken to the upside. The break above this line, supported by an uptick in volume, signals a potential reversal that could resume the prior uptrend. The RSI is comfortably positioned mid-range, avoiding the extremes that often signal overbought or oversold conditions. It's this equilibrium that speaks to me of a market gathering momentum, poised for movement. The Money Flow Index echoes this sentiment, balancing out around the 50 mark, an indicator that buying and selling pressures are in a state of equilibrium. But what I really like about FWB:TAO isn't just the chart; it's the narrative behind the token. Bitensor is weaving AI into the fabric of blockchain, creating a synergy that could potentially change the landscape. Their focus on decentralized AI and the secure sharing of data resonates with the current digital zeitgeist, where data privacy and innovation are paramount. I'm watching FWB:TAO closely, not just for its upside potential but as a front-row seat to decentralized AI era in tech. Of course for any of this to work we need to see the market continue to the upside. Everything is invalidated in the short to medium term if we nuke.
Long
by mikerays
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