In the midst of an ongoing banking crisis, Bitcoin has experienced a surge. The bellwether cryptocurrency recently surpassed the $28,000 mark, with the price increase being mostly fueled by investors and traders who hope the Federal Reserve may pause interest rate hikes or even cut rates. Currently, the largest cryptocurrency is trading at $27,713 on the Bitstamp exchange.

#crypto2023 #crypto #cryptotrading #crypto101 #cryptocurrency

Hey crypto degens, with all the recent news about SVB, USDC and the general negative attitude of the SEC / US govt on crypto its really is tough out there.

That's why it's so important to diversify your portfolio to reduce your risk profile as much as possible in times like this.

Here's how I'm managing my portfolio this year and its really helped with my mental health.

13% - FTX (FTT)

13% - Anchor protocol

13% - Celsius (CEL)

13% - BlockFi

13% - equity stake in The Block

13% - Greyscale's BTC

10% - In a stablecoin like TUSD

13% - in Silicon Valley Bank.

Using this strategy has really helped my mental health, as I no longer have any crypto. The only bag I'm holding now is Dee's nuts.

Stay safe out there crypto degens. Not your keys, not your crypto.

NOTE: it's a sarcastic post :D happy weekend

#buildtogether #bicasso #crypto101 #antiscam #Bullish

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TLDR

Solana (SOL) is a cryptocurrency that uses unique technology to facilitate fast, cheap, and secure transactions. It boasts a high throughput, low latency, and low transaction fees, making it attractive to investors and developers alike. SOL's unique features make it a promising candidate for a wide range of use cases, from gaming and social media to finance and decentralized applications.

Introduction

Solana (SOL) is a fast-growing cryptocurrency that is gaining popularity among investors and developers. It uses unique technology to facilitate fast, cheap, and secure transactions, making it an attractive option for a wide range of use cases. In this article, we'll take a closer look at what SOL is, how it works, what makes it unique, and a real-world example of where it is used.

What is SOL?

Solana is a blockchain-based cryptocurrency that uses a proof-of-stake consensus algorithm to validate transactions. It was created in 2017 by Anatoly Yakovenko, a former Qualcomm engineer. The platform is designed to be highly scalable, allowing for high throughput, low latency, and low transaction fees.

How does SOL work?

Solana uses a unique technology called "Proof of History" (PoH) to help nodes in the network reach consensus more quickly. PoH is a cryptographic clock that helps to order transactions on the network, making it easier and faster for nodes to reach consensus.

What makes SOL unique?

SOL's unique features make it stand out from other cryptocurrencies. Its high throughput and low transaction fees make it attractive for developers and users alike, and its use of PoH technology allows for faster and more efficient consensus. Additionally, Solana is designed to be highly scalable, allowing for the development of large-scale decentralized applications.

Real-world example where SOL is used

One example of SOL's use case is in the gaming industry. The Solana network can support large-scale gaming applications that require fast and efficient transactions. For example, Mango Markets, a decentralized exchange built on Solana, allows users to trade digital assets in real-time without incurring high transaction fees.

Closing Thoughts

Solana is a promising cryptocurrency that is quickly gaining traction in the crypto community. Its unique features and use cases make it an attractive option for developers and investors alike. With its high throughput, low latency, and low transaction fees, SOL has the potential to revolutionize a wide range of industries, from finance and gaming to social media and decentralized applications.

#buildtogether #solana #crypto101 #antiscam #bicasso

TL;DR

Bullish divergence in Bitcoin is a technical indicator that suggests a potential reversal in the downtrend of the cryptocurrency. It is characterized by lower lows in the price of Bitcoin, but higher lows in the oscillator indicator. Investors can use bullish divergence to make informed investment decisions and potentially profit from the price movement of Bitcoin.

Introduction

Bitcoin, the world's largest cryptocurrency, has seen tremendous growth in recent years. However, like any asset, it is prone to price fluctuations and volatility. In times of market uncertainty, investors often look for technical indicators to guide their investment decisions. One such indicator is bullish divergence. In this article, we will discuss what bullish divergence is, how it can be used for investing, and why the current bullish divergence in Bitcoin is significant.

What is divergence?

Divergence is a technical analysis tool that compares the price of an asset with an oscillator indicator, such as the Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD). Divergence occurs when the price of the asset and the oscillator indicator move in opposite directions. Bullish divergence occurs when the price of the asset makes lower lows, but the oscillator indicator makes higher lows. This suggests that the downtrend in the asset's price may be coming to an end, and a reversal to an uptrend may be imminent.

How to use divergence for investing

Investors can use bullish divergence to make informed investment decisions. When an asset exhibits bullish divergence, it is a signal to buy or hold the asset. However, investors should also consider other factors such as market trends, news events, and fundamental analysis before making any investment decisions.

2019 vs 2023 both strong bullish divergence

The price of Bitcoin made lower lows, but the RSI indicator made higher lows. This signaled a potential reversal in the downtrend of the cryptocurrency. Bitcoin went on to rally from a low of around $3,200 in December 2018 to a high of around $13,800 in June 2019.

Fast forward to 2023, and Bitcoin is exhibiting another bullish divergence. The price of Bitcoin has been making lower lows since the peak of the bull run in 2021, but the RSI indicator has been making higher lows. This suggests that the downtrend in the price of Bitcoin may be coming to an end, and a reversal to an uptrend may be imminent.

There are several reasons why the current bullish divergence in Bitcoin is significant.

First, Bitcoin has historically exhibited bullish divergence before significant price rallies.

Second, the cryptocurrency market is becoming more mainstream, with institutional investors and corporations investing in Bitcoin.

Third, there is a finite supply of Bitcoin, with only 21 million coins in circulation. This scarcity makes Bitcoin an attractive asset to hold for the long term.

Conclusion

In conclusion, bullish divergence is a technical indicator that suggests a potential reversal in the downtrend of an asset. In the case of Bitcoin, the current bullish divergence suggests that the cryptocurrency may be due for a reversal to an uptrend. However, investors should also consider other factors before making any investment decisions. With the increasing mainstream adoption of Bitcoin and its finite supply, it may be an attractive asset to hold for the long term.

#bullish #buildtogether #crypto101 #BTC #dyor 🚨🚨

Bitcoin has been in the headlines for years, with its price surging to unprecedented highs in 2017 before crashing and experiencing a long bear market. However, in recent months, Bitcoin has been making a comeback, with its price breaking new records and reaching over $64,000 in April 2021. While Bitcoin has experienced some pullbacks in the past few months, there are several reasons why it is expected to rise and potentially break out soon.

Here are some of the factors that suggest Bitcoin is poised for growth:

Institutional Adoption

One of the significant factors driving Bitcoin's recent growth is the increasing adoption by institutional investors. Major corporations, financial institutions, and hedge funds are now investing in Bitcoin, and even some central banks are exploring the possibility of adding Bitcoin to their reserves. This institutional adoption has brought a significant influx of capital into the Bitcoin market, leading to price increases.

Limited Supply

Another factor that makes Bitcoin unique is its limited supply. There will only ever be 21 million Bitcoins in circulation, and as of August 2021, around 18.7 million have been mined. This limited supply means that Bitcoin is a scarce asset, and as demand for it grows, its price is likely to rise.

Halving Events

Another unique feature of Bitcoin is its halving events. Approximately every four years, the number of Bitcoins produced by mining is halved, reducing the supply of new coins entering the market. The most recent halving event occurred in May 2020, and historically, these events have been followed by significant price increases.

Technical Analysis

Bitcoin's recent price action also suggests that it is poised for growth. Technical analysts have identified several bullish signals, including a potential inverse head and shoulders pattern, which could indicate a significant price increase in the near future.

Macro Environment

Finally, the macroeconomic environment is also favorable for Bitcoin. The COVID-19 pandemic has led to unprecedented levels of government stimulus and increased money printing, which could lead to inflation and a devaluation of traditional currencies. Bitcoin, as a decentralized and deflationary asset, could be an attractive alternative to traditional currencies in this environment.

In conclusion, there are several factors that suggest Bitcoin is poised for growth and potentially a breakout soon. Institutional adoption, limited supply, halving events, technical analysis, and the macroeconomic environment are all factors that could contribute to Bitcoin's rise. However, it's important to remember that cryptocurrency markets are highly volatile and unpredictable, and investors should always exercise caution and use risk management strategies when investing in Bitcoin.

#bullish #crypto101 #buildtogether #antiscam #bicasso

In the world of cryptocurrency, market movements can be sudden and dramatic, with unexpected events having a significant impact on prices. Recently, the collapse of two major US banks, Silicon Valley Bank (SVB) and Signature Bank, has sparked a hidden bullish divergence in the price of Bitcoin, indicating a potential trend reversal to the upside. In this article, we will delve deeper into what hidden bullish divergence is, the impact of the SVB and Signature Bank collapses on Bitcoin, and what this could mean for the future of cryptocurrency investing.

Understanding Hidden Bullish Divergence

Divergence is a technical analysis tool used by traders to identify potential trend reversals in the market. Hidden bullish divergence occurs when the price of an asset is making lower lows, but the momentum indicators are making higher lows. This indicates that the selling pressure in the market is decreasing, and there may be an upcoming trend reversal to the upside. This tool is particularly useful in identifying potential trend changes before they occur, allowing traders to make informed investment decisions.

The Impact of SVB and Signature Bank Collapses on Bitcoin

In 2023, SVB and Signature Bank, two of the largest US banks, collapsed, leading to a significant drop in the stock market. This event also had a ripple effect on the cryptocurrency market, leading to a drop in the price of Bitcoin. However, the collapse of these banks also sparked a hidden bullish divergence in the price of Bitcoin, indicating a potential trend reversal to the upside.

The lower lows in Bitcoin's price were matched by higher lows in the momentum indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), indicating that selling pressure was decreasing. This suggests that there may be an upcoming trend reversal to the upside, potentially leading to a price increase in Bitcoin.

The Potential for Decentralized Finance

The collapse of SVB and Signature Bank has also highlighted the need for decentralized financial systems and cryptocurrencies. Bitcoin and other cryptocurrencies offer a decentralized and secure alternative to traditional banking systems, and the recent events have highlighted their potential for growth and adoption. Decentralized finance, or DeFi, is a new financial system built on blockchain technology that allows for financial transactions without the need for intermediaries such as banks. DeFi has the potential to revolutionize the financial industry and provide greater financial access and inclusion for people worldwide.

The Future of Cryptocurrency Investing

The collapse of SVB and Signature Bank and the resulting hidden bullish divergence in the price of Bitcoin highlight the potential for cryptocurrency investing. However, cryptocurrency investing is a highly volatile market, and investors should approach it with caution. Proper research, risk management, and a clear investment strategy are crucial for success in the cryptocurrency market.

Furthermore, while the potential for decentralized finance and cryptocurrencies is enormous, there are still regulatory and technical hurdles to overcome before widespread adoption can occur. It is essential to keep an eye on these developments and how they may impact the cryptocurrency market.

Conclusion

The collapse of SVB and Signature Bank has sparked a hidden bullish divergence in the price of Bitcoin, indicating a potential trend reversal to the upside. This event also highlights the potential for decentralized finance and the need for greater financial access and inclusion. Cryptocurrency investing is a highly volatile market, and investors should approach it with caution. Proper research, risk management, and a clear investment strategy are crucial for success in the cryptocurrency market. By staying informed and educated about the cryptocurrency market, investors can potentially earn high returns while minimizing their risk.

#bullish #buildtogether #antiscam #crypto101 #bicasso