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Identifying patterns
1. **Head and Shoulders**
**Description**: This pattern has three peaks: a higher peak (the head) between two lower peaks (the shoulders).
**Indication**: It often signals a trend reversal. If the pattern forms after an uptrend, it suggests a potential downtrend, and vice versa.
2. **Double Top and Double Bottom**
**Description**: A double top looks like the letter "M" and a double bottom looks like the letter "W".
**Indication**: A double top indicates a bearish reversal, while a double bottom indicates a bullish reversal.
3. **Triangles**
**Types**: Ascending, descending, and symmetrical triangles.
- **Indication**: Triangles often indicate a continuation of the current trend. An ascending triangle suggests a bullish continuation, while a descending triangle suggests a bearish continuation. Symmetrical triangles can indicate either direction depending on the breakout.
### 4. **Flags and Pennants**
- **Description**: Flags are small rectangles that slope against the prevailing trend, while pennants are small symmetrical triangles.
- **Indication**: Both patterns indicate a continuation of the previous trend after a brief consolidation periodÂčÂČ.
### 5. **Cup and Handle**
- **Description**: This pattern looks like a tea cup with a handle. The cup is a rounded bottom, and the handle is a small consolidation period.
- **Indication**: It suggests a bullish continuation after the handle breakoutÂł.
### Tips for Identifying Patterns:
1. **Learn Different Patterns**: Familiarize yourself with various chart patterns and their implications.
2. **Analyze Price Movements**: Study historical price movements to see how patterns have played out in the past.
3. **Use Technical Analysis Tools**: Utilize tools like trendlines, support and resistance levels, and technical indicators to help identify patterns.
Follow For More đ
#BTCâ #hamsterkombat24 #LearnTogether #newscrypto
1. **Head and Shoulders**
**Description**: This pattern has three peaks: a higher peak (the head) between two lower peaks (the shoulders).
**Indication**: It often signals a trend reversal. If the pattern forms after an uptrend, it suggests a potential downtrend, and vice versa.
2. **Double Top and Double Bottom**
**Description**: A double top looks like the letter "M" and a double bottom looks like the letter "W".
**Indication**: A double top indicates a bearish reversal, while a double bottom indicates a bullish reversal.
3. **Triangles**
**Types**: Ascending, descending, and symmetrical triangles.
- **Indication**: Triangles often indicate a continuation of the current trend. An ascending triangle suggests a bullish continuation, while a descending triangle suggests a bearish continuation. Symmetrical triangles can indicate either direction depending on the breakout.
### 4. **Flags and Pennants**
- **Description**: Flags are small rectangles that slope against the prevailing trend, while pennants are small symmetrical triangles.
- **Indication**: Both patterns indicate a continuation of the previous trend after a brief consolidation periodÂčÂČ.
### 5. **Cup and Handle**
- **Description**: This pattern looks like a tea cup with a handle. The cup is a rounded bottom, and the handle is a small consolidation period.
- **Indication**: It suggests a bullish continuation after the handle breakoutÂł.
### Tips for Identifying Patterns:
1. **Learn Different Patterns**: Familiarize yourself with various chart patterns and their implications.
2. **Analyze Price Movements**: Study historical price movements to see how patterns have played out in the past.
3. **Use Technical Analysis Tools**: Utilize tools like trendlines, support and resistance levels, and technical indicators to help identify patterns.
Follow For More đ
#BTCâ #hamsterkombat24 #LearnTogether #newscrypto
âïž Decentralized lending protocol #Sturdy Finance fell victim to a security attack that resulted in the loss of 442 #ETH or about $800,000.
đ« The team said it suspended all of its markets to prevent further potential losses.
#newsbinance #newscrypto
đ« The team said it suspended all of its markets to prevent further potential losses.
#newsbinance #newscrypto
USDC Stablecoin and Crypto Market Failed When Silicon Valley Banks Failed
The cryptocurrency crisis kicked into high gear on Saturday morning, as the collapse of Silicon Valley Bank (SVB) caused some of the companyâs most successful ventures to collapse.
Stablecoin prices fluctuated sharply with rising gas prices as investors rushed to transfer cash hours after regulators shut down SVB among the run-of-the-mill banks, which have ties to crypto. It is the second crypto-linked bank to fail this week. Finally, Treasury Secretary Janet Yellen convened the central bank to discuss SVBâs failure.
In no time, the crypto market has gone into turmoil, suggesting that the year-plus bear market has entered the dark ages. There were echoes of the global financial crisis of 2008, when bad news continued to follow even more.
Although in the case of crypto, which does not have a central bank like the Federal Reserve that can bail out the company, the question remains: how will this end? Circle Internet Financialâs stablecoin USDC has been significantly removed from its forecast price of $1 â a devastating development for a product designed as a safe haven for investors to park their money.
The USDC/USDT version (which crosses the Circle coin to the largest Tether) fell to $0.89 on the Kraken exchange at 03:49 UTC on Saturday â much lower than it has been amid market tensions following the FTX debacle and November. The Financial Services Agency confirmed late Friday that approximately $3.3 billion of the securities backing the worldâs second largest coin are locked in SVB.
Stablecoins derive their value from these securities; If someone is worth more than $43 billion â as the USDC was earlier on Friday â there will be something like a large currency or financial instrument invested as a hidden currency. USDC market capitalization has dropped below $40 billion.
USDT, meanwhile, at one time reached $ 1.06 on Kraken against the US dollar, a level that is almost not reached as investors seem to be transferring money to USDC. Bitcoin has risen.
Gas bills, which measure how much it costs to complete a transaction above, have increased. For Ethereum, the central gas price rose to around 231 gwei, from around 20-40 previously seen on Friday, according to Nansen.ai.
Crypto was born following â and, for some, in response â the 2008 crisis. The book Bitcoin by Satoshi Nakamoto started in a world where the government still supported the financial system by investing in it. Crypto has no such central authority. If SVB clients, including Circle and the USDC stablecoin, are forced to take a haircut on their funds, the outcome is unclear.
#binancefeed #newscrypto
Stablecoin prices fluctuated sharply with rising gas prices as investors rushed to transfer cash hours after regulators shut down SVB among the run-of-the-mill banks, which have ties to crypto. It is the second crypto-linked bank to fail this week. Finally, Treasury Secretary Janet Yellen convened the central bank to discuss SVBâs failure.
In no time, the crypto market has gone into turmoil, suggesting that the year-plus bear market has entered the dark ages. There were echoes of the global financial crisis of 2008, when bad news continued to follow even more.
Although in the case of crypto, which does not have a central bank like the Federal Reserve that can bail out the company, the question remains: how will this end? Circle Internet Financialâs stablecoin USDC has been significantly removed from its forecast price of $1 â a devastating development for a product designed as a safe haven for investors to park their money.
The USDC/USDT version (which crosses the Circle coin to the largest Tether) fell to $0.89 on the Kraken exchange at 03:49 UTC on Saturday â much lower than it has been amid market tensions following the FTX debacle and November. The Financial Services Agency confirmed late Friday that approximately $3.3 billion of the securities backing the worldâs second largest coin are locked in SVB.
Stablecoins derive their value from these securities; If someone is worth more than $43 billion â as the USDC was earlier on Friday â there will be something like a large currency or financial instrument invested as a hidden currency. USDC market capitalization has dropped below $40 billion.
USDT, meanwhile, at one time reached $ 1.06 on Kraken against the US dollar, a level that is almost not reached as investors seem to be transferring money to USDC. Bitcoin has risen.
Gas bills, which measure how much it costs to complete a transaction above, have increased. For Ethereum, the central gas price rose to around 231 gwei, from around 20-40 previously seen on Friday, according to Nansen.ai.
Crypto was born following â and, for some, in response â the 2008 crisis. The book Bitcoin by Satoshi Nakamoto started in a world where the government still supported the financial system by investing in it. Crypto has no such central authority. If SVB clients, including Circle and the USDC stablecoin, are forced to take a haircut on their funds, the outcome is unclear.
#binancefeed #newscrypto
âïžThe key highlights for this morningđŻ
đ BlackRock, Hashdex, and Pando Asset have submitted revised S-1 applications. BlackRock expects an injection of $10 million as initial funding on January 3.
đ Paxos has obtained approval from the New York Department of Financial Services (DFS) to launch products on Solana.
đ° The Curve Finance community will compensate liquidity providers affected by the $61 million hack in July.
đž BarnBridge DAO will pay SEC $1.7 million for the lack of registration of cryptocurrency offering and sales.
đšđł The People's Bank of China urges the world to collaborate on cryptocurrency regulation.
đĄ The SEC acknowledged inaccuracies in the lawsuit against DEBT Box but insists on freezing the company's assets.
#newscrypto #news
đ BlackRock, Hashdex, and Pando Asset have submitted revised S-1 applications. BlackRock expects an injection of $10 million as initial funding on January 3.
đ Paxos has obtained approval from the New York Department of Financial Services (DFS) to launch products on Solana.
đ° The Curve Finance community will compensate liquidity providers affected by the $61 million hack in July.
đž BarnBridge DAO will pay SEC $1.7 million for the lack of registration of cryptocurrency offering and sales.
đšđł The People's Bank of China urges the world to collaborate on cryptocurrency regulation.
đĄ The SEC acknowledged inaccuracies in the lawsuit against DEBT Box but insists on freezing the company's assets.
#newscrypto #news
Bitcoin drops to $28,000, unlike PEPE which has entered the top 100 by market capitalization, showing significant growth in recent days.
Top news of the day:
NFT sales have fallen for the second consecutive month.
Binance issued a warning to Justin Sun.
The Kingdom of Bhutan secretly mined Bitcoin since 2019.
Nigeria's SEC is considering the possibility of allowing tokens backed by certain assets.
Around $103 million in cryptocurrency was stolen in April.
#Binance #newscrypto #crypto2023
Blur launches Blend - a P2P protocol for perpetual NFT lending.
Top news of the day:
NFT sales have fallen for the second consecutive month.
Binance issued a warning to Justin Sun.
The Kingdom of Bhutan secretly mined Bitcoin since 2019.
Nigeria's SEC is considering the possibility of allowing tokens backed by certain assets.
Around $103 million in cryptocurrency was stolen in April.
#Binance #newscrypto #crypto2023
Blur launches Blend - a P2P protocol for perpetual NFT lending.
BTC Updates
BTC
There was a CPI data released on the US session, and the bullish sentiment was strong pushed the price up to 26418 and drop back to around 26116 consolidate.It seems like 4H bearish order block shows strong resistance.Since the market structre is not shift to bullish yet, we can based on the 4H OB to go short.
#BTC #btcupdate #btcprediction #btcanalysis #newscrypto
There was a CPI data released on the US session, and the bullish sentiment was strong pushed the price up to 26418 and drop back to around 26116 consolidate.It seems like 4H bearish order block shows strong resistance.Since the market structre is not shift to bullish yet, we can based on the 4H OB to go short.
#BTC #btcupdate #btcprediction #btcanalysis #newscrypto
đ RESULTS OF THE DAY
đ¶ MetaMask has announced cooperation with payment platforms in six countries.
đ¶ Binance will stop supporting the ruble on P2P from January 31, 2024.
đ¶ A possible scenario on BTC from the trader Mags.
đ¶ ACE at Binance Launchpool.
đ¶ The market expects another pause in the Fed's rate.
#newsTrading #NewsBTC #newscrypto #newsbrief #Digest
đ¶ MetaMask has announced cooperation with payment platforms in six countries.
đ¶ Binance will stop supporting the ruble on P2P from January 31, 2024.
đ¶ A possible scenario on BTC from the trader Mags.
đ¶ ACE at Binance Launchpool.
đ¶ The market expects another pause in the Fed's rate.
#newsTrading #NewsBTC #newscrypto #newsbrief #Digest
Interesting news of the day
âïž #ETH fee has gone human, Ethereum gas average has fallen to a two-month low.
đ The #FRS plans to take a break and is inclined to raise the rate in June. Positive, but we will find out how it will be on June 14.
đ€ #LUNA came to life thanks to CZ - the exchange never sold its 15.4 million LUNA. Someone saw a positive in this, but Binance lost $1.6 billion.
#newscrypto
đ The #FRS plans to take a break and is inclined to raise the rate in June. Positive, but we will find out how it will be on June 14.
đ€ #LUNA came to life thanks to CZ - the exchange never sold its 15.4 million LUNA. Someone saw a positive in this, but Binance lost $1.6 billion.
#newscrypto
Japan Crypto Crackdown Reversal! Unleashing Web3 with Unrealized Gains Tax Cut
Good news, crypto fans!Japanâs cabinet just proposed scrapping corporate taxes on unrealized crypto gains, a major boost for Web3.
This means companies can invest in crypto without immediate tax burdens, potentially fueling innovation and growth.
Hereâs the deal:
Current system: Companies taxed on the paper value of crypto holdings, even if they havenât sold.
New proposal: No more taxes on unrealized crypto gains! Companies free to invest and grow.
Why it matters:
Signals Japanâs embracing crypto and Web3.
Could encourage other countries to follow suit.
Boosts Web3 industry, potentially leading to new opportunities for everyone.
Stay tuned, the future of crypto in Japan is looking bright! #Japan #Bullrun_NewYear2024 #NewSignal #newscrypto
Good news, crypto fans!Japanâs cabinet just proposed scrapping corporate taxes on unrealized crypto gains, a major boost for Web3.
This means companies can invest in crypto without immediate tax burdens, potentially fueling innovation and growth.
Hereâs the deal:
Current system: Companies taxed on the paper value of crypto holdings, even if they havenât sold.
New proposal: No more taxes on unrealized crypto gains! Companies free to invest and grow.
Why it matters:
Signals Japanâs embracing crypto and Web3.
Could encourage other countries to follow suit.
Boosts Web3 industry, potentially leading to new opportunities for everyone.
Stay tuned, the future of crypto in Japan is looking bright! #Japan #Bullrun_NewYear2024 #NewSignal #newscrypto
India to block crypto exchanges Binance, Kraken websites
đźđł india to ban 9 crypto exchange URL's.
âą Binance
âą Kraken
âą Huobi
âą Kucoin
âą Bittrex
âą Gateâ€io
âą Bitstamp
âą Bitfinex
âą MEXC Global
Many Indian traders have switched to global cryptocurrency platforms in recent quarters
#newscrypto #bitcoinnews
đźđł india to ban 9 crypto exchange URL's.
âą Binance
âą Kraken
âą Huobi
âą Kucoin
âą Bittrex
âą Gateâ€io
âą Bitstamp
âą Bitfinex
âą MEXC Global
Many Indian traders have switched to global cryptocurrency platforms in recent quarters
#newscrypto #bitcoinnews
#BTC #etf #CryptoNewsLand #newscrypto
The top 3 cryptocurrencies with the most daily addresses
1. TRON (TRX)
TRON secured first place with the highest commitment to daily addresses. With 1,643,580 active addresses, the TRON network recorded impressive user activity. TRON is known for its high throughput and decentralised applications that have attracted a considerable user base.
2. Bitcoin (BTC)
Bitcoin follows in second place with 867,570 daily active addresses. Bitcoin is still strongly represented and is actively used by a broad user base for transactions, despite its comparatively lower throughput compared to some altcoins.
3. Litecoin (LTC)
Litecoin took third place with 754,272 active addresses. Known for a faster block generation time compared to Bitcoin, Litecoin is characterised by user-friendly features and efficient transaction processing.
For more news, please leave a subscription and you would support me with a like
The top 3 cryptocurrencies with the most daily addresses
1. TRON (TRX)
TRON secured first place with the highest commitment to daily addresses. With 1,643,580 active addresses, the TRON network recorded impressive user activity. TRON is known for its high throughput and decentralised applications that have attracted a considerable user base.
2. Bitcoin (BTC)
Bitcoin follows in second place with 867,570 daily active addresses. Bitcoin is still strongly represented and is actively used by a broad user base for transactions, despite its comparatively lower throughput compared to some altcoins.
3. Litecoin (LTC)
Litecoin took third place with 754,272 active addresses. Known for a faster block generation time compared to Bitcoin, Litecoin is characterised by user-friendly features and efficient transaction processing.
For more news, please leave a subscription and you would support me with a like
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*Bloomberg: Gold will overtake Bitcoin in 2024!*
Because the rivalry between Bitcoin (BTC) and gold is eternal. Mike McGlone, chief strategist at Bloomberg Intelligence, hinted. To what the trend between both assets might look like in 2024.
Bitcoin (BTC) vs. Gold in 2024 While Bitcoin's growth potential is high next year. The Bloomberg strategist does not rule out the possibility of gold making some interesting plays as well.
According to McGlone, if the United States eventually ends up in recession as expected... Gold may have the upper hand over Bitcoin. This is because the price cross of Bitcoin against gold appears to be gaining ground from the stock market rally. This trend is bound to affect Bitcoin. Which the stock market generally views as a high-risk asset.
While Bitcoin (BTC) is usually correlated with some stock market indices. Most of this correlation has been decoupled in the past few months as the emerging asset class has gained impressive price traction. While a recession may put gold in a better position than Bitcoin. McGlone claims that the failure of the S&P 500 to decline when this recession begins may help Bitcoin continue to outperform gold in the medium term.
#news #BTC #gold #newscrypto $BTC
Because the rivalry between Bitcoin (BTC) and gold is eternal. Mike McGlone, chief strategist at Bloomberg Intelligence, hinted. To what the trend between both assets might look like in 2024.
Bitcoin (BTC) vs. Gold in 2024 While Bitcoin's growth potential is high next year. The Bloomberg strategist does not rule out the possibility of gold making some interesting plays as well.
According to McGlone, if the United States eventually ends up in recession as expected... Gold may have the upper hand over Bitcoin. This is because the price cross of Bitcoin against gold appears to be gaining ground from the stock market rally. This trend is bound to affect Bitcoin. Which the stock market generally views as a high-risk asset.
While Bitcoin (BTC) is usually correlated with some stock market indices. Most of this correlation has been decoupled in the past few months as the emerging asset class has gained impressive price traction. While a recession may put gold in a better position than Bitcoin. McGlone claims that the failure of the S&P 500 to decline when this recession begins may help Bitcoin continue to outperform gold in the medium term.
#news #BTC #gold #newscrypto $BTC
The Labyrinth Chollima hacking group, allegedly operating on behalf of North Korea, has been identified by CrowdStrike as one of several groups responsible for cyber intrusions. The group is believed to work for North Korea's Reconnaissance General Bureau (RGB), its primary foreign intelligence agency.
Labyrinth Chollima is one of the most productive hacking groups in North Korea and is said to be responsible for some of the boldest and most disruptive cyber intrusions in the isolated country.
Cryptocurrency theft has resulted in a significant loss: the blockchain analytics company, Chainalysis, reported that last year, the group associated with North Korea stole around USD 1.7 billion worth of digital cash through various hacking activities.
#dyor #crypto2023 #newscrypto #news
Labyrinth Chollima is one of the most productive hacking groups in North Korea and is said to be responsible for some of the boldest and most disruptive cyber intrusions in the isolated country.
Cryptocurrency theft has resulted in a significant loss: the blockchain analytics company, Chainalysis, reported that last year, the group associated with North Korea stole around USD 1.7 billion worth of digital cash through various hacking activities.
#dyor #crypto2023 #newscrypto #news
JUST IN: NYDFS announces new crypto regulation for 22 companies with Bitlicense.
#dyor #crypto #Regulation #newscrypto #news
#dyor #crypto #Regulation #newscrypto #news
See original
API3 will update the dAPI subscription usage policy on March 31
API3 will implement the changes for dAPI users. Until now, dAPIs without active subscriptions were directed to Nodary's self-funded channels. However, this practice will cease from March 31st.
Users who use the DapiProxy contract are advised to pay attention to these changes as they may impact their experience.
You can find more detailed information in the official API3 tweet
API3 is a project that creates decentralized APIs (dAPIs) for Web3 applications. The project is managed by a decentralized autonomous organization (DAO), namely the API3 DAO.
#API3 #API3USDT #news #CryptoNews #newscrypto
API3 will implement the changes for dAPI users. Until now, dAPIs without active subscriptions were directed to Nodary's self-funded channels. However, this practice will cease from March 31st.
Users who use the DapiProxy contract are advised to pay attention to these changes as they may impact their experience.
You can find more detailed information in the official API3 tweet
API3 is a project that creates decentralized APIs (dAPIs) for Web3 applications. The project is managed by a decentralized autonomous organization (DAO), namely the API3 DAO.
#API3 #API3USDT #news #CryptoNews #newscrypto
See original
Richard Tang expects massive adoption of cryptocurrencies in retail trade
According to Richard Tang, who replaced Changpeng Zhao as CEO of Binance, significant changes should be expected in the cryptocurrency market during the year.
In particular, the businessman suggested that the current regulatory framework will be improved and regulatory clarity will increase. According to the CEO of Binance, various innovations and options for using blockchain and cryptocurrencies in the market will be introduced, thanks to which the blockchain sector will become in demand in the world many industries.
In addition, there will be a massive introduction of cryptocurrencies into retail trade, and on a global scale, and users will be able to gain valuable experience from their use, the head emphasized va exchanges Binance. According to Richard Tang's forecasts, the next year will be extremely important for the entire crypto industry and will allow it to become much more significant for institutional funds and investors.
This forecast was favorably accepted in the crypto community, since acceptance has long been considered the most significant factor for the rise in the price of Bitcoin and a number of tokens.
#binance #newscrypto
$BNB
$ETH
According to Richard Tang, who replaced Changpeng Zhao as CEO of Binance, significant changes should be expected in the cryptocurrency market during the year.
In particular, the businessman suggested that the current regulatory framework will be improved and regulatory clarity will increase. According to the CEO of Binance, various innovations and options for using blockchain and cryptocurrencies in the market will be introduced, thanks to which the blockchain sector will become in demand in the world many industries.
In addition, there will be a massive introduction of cryptocurrencies into retail trade, and on a global scale, and users will be able to gain valuable experience from their use, the head emphasized va exchanges Binance. According to Richard Tang's forecasts, the next year will be extremely important for the entire crypto industry and will allow it to become much more significant for institutional funds and investors.
This forecast was favorably accepted in the crypto community, since acceptance has long been considered the most significant factor for the rise in the price of Bitcoin and a number of tokens.
#binance #newscrypto
$BNB
$ETH
