This is where I think Luna is headed. Some may disagree, but I've got a knack for this sort of thing and I'm pretty sure. Too soon?
Zooming out on the daily shows an interesting collision of channels. There's a long term trend since at least early 2021, and the shorter range trend since BTC began to move down. This is all coming to a head, and the wiggle room for BTC to maintain its status quo is running out mid to late February. Support: 34.5 is now the bottom of the broad channel. I...
So here we are, back in this triangle. A strong FUD storm temporarily yanked us out of it, but it bounced right back in, and this is where the market clearly wants to be at the moment. Even with the recent 'Bitcoin is official currency' news, there isn't enough velocity to escape. Bulls aren't confident enough to put their money back on the table, and bears...
Twas the night after Elon and his infamous tweets the market is red there is blood in the streets this damn thing is dumping a red wick parade people keep saying bottom but it keeps running away It's a crazy ride down This could last for weeks So welcome to crypto Buckle up, clench your cheeks
Chainlink was founded in 2017 by Sergey Nazarov, with Cornell Professor Ari Jules as a technical advisor. Chainlink itself isn’t a blockchain. Chainlink is an Oracle network which can run on multiple blockchains. So what is an Oracle? In short, Oracles provide a bridge between blockchains and real world data. Take for example a decentralized sports betting...
I have a relatively small percentage of my portfolio in DOT, but I didn't really know a lot about it. I decided to go on a dive and write up what I found here. Hope it's useful to someone out there! So - In short, Polkadot is a next generation blockchain which connects other blockchains into one unified network. Polkadot was the brainchild of Gavin Wood – one...
So after a bit of a battle, we did break past the 1.618 fib and had a nice run up. If BTC holds steady, we may consolidate down to the channel top and bounce. Or if BTC goes more sour, we could fall back down to the 1.618 again and flip it to support. In either case, these are potential bullish points of support for ADA while it enters this new run of price...
Today, Cardano has capitalized on the FUD around Bitcoin and its energy usage. Cardano has worked very hard to position itself as a green, sustainable blockchain. (Just google 'Cardano Sustainable' for examples of that). Musk, in his now infamous tweet, mentioned that Tesla would be considering more energy friendly blockchains for use as payment. Now, back...
When you zoom out, you see that this is a typical event in Bitcoin's history. Once you see the pattern, when days like this come you can laugh at the chaos and the doomsayers, and perhaps even take advantage of some of the amazing prices! Opportunities like this only come once in a while.
After hitting a high of .69, and with Elon Musk's appearance on SNL coming fast, we're in the danger zone. It may pump a bit more during the skit, but it will be short lived and a lot of people will be left holding a lot of bags.