Lots of things happening in finance today. US inflation is at 8.3% (higher than expected with no end in sight), which tanked both crypto and the stock market at the same time. Goes to show that there's still a lot of overlap between the two right now. Also coming up is the much anticipated "merge" on Ethereum (going to happen some time this week, according to...
During recessionary economies, the money-classes that take the biggest hits are usually assets - stocks, real-estate, speculative assets, which, yes, also includes NFTs. As they say, during tough times, "cash is king". As we get deeper into it, we're going to see a big shift in the way people use and talk about their money. For crypto investors out there (or...
Bullish pennant created , you guys can enter now , if it's close below the support area ( which I've drawn in rectangular shape) , then trade should be close As well as targets are shown in the figure Notice : This is not a financial idea Please like my post if you like it , Thanks 🥰 hope you get huge profit
With inflation's end nowhere near in sight, the Federal Reserve this week announced more "tough times" ahead - indicating that they're likely to do more interest hikes for the rest of 2022. Inflation rates in the US right now sits around %8-10 - but since CPI reports exclude food and energy prices by design, the "real" inflation rate is likely a lot higher. Most...
So if you've been paying attention to crypto stuff for a while, you probably heard that Ethereum's big "merge" is coming on Sep 19th. They've been talking about it for a while but there's now at least a definite date. (And they're pretty good at making deadlines once they commit to a date, to be fair.) The switch from proof-of-work to proof-of-stake should be an...
I've been waiting for this rsi breakout since May, but knowing a bit more now, I feel like this might be another fake pump. The utility fundementals are still there but market conditions are as we all know, not optimal. Would love to hear another view (or even the same view)
Both stocks and crypto markets have been down in most of 2022 (largely due to inflation, rising interest rates, and talks of an upcoming global recession), but in the last month we've seen a few interesting patterns emerge: - Proof-of-Storage coins, particularly Chia Coin (XCH) and STORJ (STORJ) have seen very favorable gains. - The two major crypto coins,...
In response to the Federal Reserve increasing interest rates yet again, the markets - both in stocks and crypto (and housing soon to come) - have been dropping pretty hard lately. For crypto investors out there: this is the sound of mainstream money from the general public leaving the space - they came for the party, then left after the party was over. The craze...
This is why I have become a DeFi degen. From October of 2021 through June 2022, wFTM/GEIST LP token appreciated by 76,000%. That's a whopping 760X. $5k netted $3.8MM in 9 months.
News of record high inflation and the federal reserve's plan to increase interest rates this year has a lot of people worried that a recession (probably on a global scale) is coming this year. After over a decade of constant growth in the US stocks and real-estate markets, we're finally going to see the bubble pop. GDP is down, governments are broke, and I would...
The crypto market is in "free fall" today, as some of you may have heard. Decided to write something from the perspective of someone who's been through a few "crypto winters" over the last 8 years or so. mirror.xyz -- I feel like a million years old writing in this tone - though everyone in crypto knows that a week in this industry is equivalent to a year in...
Cartesi regained 50MA support and seems ready for bullish continuation, after a last pull-back if we are lucky enough! Current Price= 0.2394 Buy Entry= 0.2173 - 0.1965 Take Profit= 0.2626 | 0.3118 | 0.3520 Stop Loss= 0.1622 Risk/Reward= 1:1.25 | 1:2.35 | 1:3.25 Expected Profit= +26.92% | +50.70% | +70.14% Possible Loss= -21.61% Fib. Retracement= 0.5 | 0.618 |...
This might be somewhat of a controversial take, but for a while I've been warning that Bitcoin's long-term prospects may be in trouble - a lot of it has to do with how the coin's community distanced itself from utility and business cases and leaned hard into the "store of value" idea during last year's hype. - The idea of "store of value" applies to all money and...
The point of control level is $0.3005 very significant. Dating back to Algorand 's inception, this has been a key level of resistance/support. ALGO stopped nearly to the penny on the volume shelf at the bottom and bounced off it multiple times. Previously it was resistance, now it seems to have become support. ALGO seems to be running out of sellers. Soon the...
Ethereum holders were hoping for a big rally after this week's "merge" on ETH's primary test network, Ropsten, but so far the markets have been responsive. Coins that offer staking rewards, however, did fairly well this week as a whole - the two winners being Tezos (XTZ) and Chainlink (LINK) which saw big gains today and over the course of this week as a...
Tezos (XTZ) broke from the pack yet again today, outperforming most major coins despite today's downturn in the overall markets. - Fork-less upgrades and on-chain governance models on XTZ provide tangible solutions to a lot of the issues the crypto industry is going through right now, especially in DAOs. - Recession talks are getting more people into a savings...
Made a list of a few things for crypto holders to be optimistic about the recession/depression about to unfold in the global markets right now. - Crypto's market cap is less than 1% (possibly even less than 0.1%) of traditional stocks. If the stock market goes down, - Banks are taking their time raising interest rates on savings accounts while pushing mortgage...
LISK looks like its primed to take off. Ive done a couple other charts on coins that are proof of stake. I did this because the USA government is going to address the issue of proof of work and the massive energy consumption. I believe proof of work is something that will fade away in the near future, its just not Green in the eyes of the government. Proof of...