Bitcoinmarkets
BITCOIN SHATTERED Bull Market Doors! What NEXT??Welcome back! Let me know your thoughts in the comments!
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BITCOIN BEFORE THE HALVING
My logarithmic to daily 4hr charts is here! we might see 57-58k as I predicted my previous post, this valid once price keep pushing upto 55000 level zone.
If this is a distributions we might not see 55000 level, see the arrow .
But for my view price might test that 57-58000 level before incoming month of march.
Im expecting a month of upside before the halving and I will be updating this idea once this complete.
The second arrow is Small distribution after those upthrust moves of price at 53000 level.
The other arrow is for the higher context of distributing its price on higher supply at 57-58000 level. this moves might goes a higher EUphoria level same on the 64-69000 last time.
so becareful alway buy low and stack harder!
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Humanode ($HMND): decentralized biometric Human nodeThe blockchain industry is constantly growing and evolving. More and more new and innovative projects are emerging this year. Today we introduce Humanode (HMND), a Layer 1 that fuses artificial intelligence, decentralization, and biometric data with the goal of creating a democratic and transparent blockchain, trying to solve problems related to the concepts of PoS (Proof Of Stake) and PoW (Proof Of Work).
What is Humanode ?
Humanode (HMND) is a substrate based standalone Layer 1 where sybil-resistance is provided through private decentralized biometric verification of human existence and uniqueness instead of PoW and PoS. The key is that a validator Human node can only deploy one node and that all nodes are equal in terms of validation and voting power, or how we usually put it "1 human = 1 node = 1 vote.
What makes it unique ?
The uniqueness and liveness of humans behind nodes is checked by an AI which determines whether a person is unique and whether he is alive through a multitude of facial recognition modules. The biometric processing is conducted in a private and decentralized way so that there is no Personal Identifiable Information or biometric data that can be reverted back into its original state.
What is the main goal ?
The main goal of Humanode is to create a truly distributed, democratic and sybil-resistant blockchain Layer 1 owned by millions of human nodes in an equal share.
As described within their whitepaper, Humanode offers an alternative solution to PoS and Pow issues.
"... Issuance and commission in PoW blockchains
In PoW blockchains, the protocol acts as the emitting entity. Most PoW coins have set the emission and max supply. For example, Bitcoin ( BINANCE:BTCUSD ) has a max supply of 21 million coins. At the time of the creation of this paper, its circulating supply is 18.8 million. With emission set in every block and the halving that happens every four years, it will take approximately 120 years to mint everything. Emission is received by miners not in the form of a loan, but directly. However, only miners receive it. Ordinary users and even financial entities that hold large chunks of Bitcoin get nothing. Miners either decide to hold onto the emitted money or sell it on the market. This system does not sell debt to the agents at its bottom, but devaluation of non-miner agents’ assets, even if ridiculously small, still happens, as the emission is received only by miners. Another thing is that supply is not balanced with value creation, meaning that the limited supply does not line up with the growth of value in the system. That makes it deflationary, which on a nation-sized scale makes economies unhealthy and can even lead to a crisis."
" ... Issuance and commission in PoS blockchains
As in PoW, in PoS the protocol acts as the issuance entity. In most cases, PoS have some kind of a governing entity that decides upon emission; it can be either pre-set as in Bitcoin or it can be flexible with many different methods of realization. Commonly there is a DAO that sets the emission. As in PoW, validators receive issuance directly from the protocol, but in delegated PoS, they also redistribute it across their Delegators. Protocol users get nothing from emission and DAO can set emission at any level. Sometimes devaluation is very strong because validators accumulate minted tokens and sell them on the market to cover expenses and for profit—at the same time, their networks are not as big as Bitcoin, which counterweighs the devaluation effect."
" ... Fath on Humanode
The emission of tokens in Fath behaves differently from the systems mentioned above. One of the hypotheses that are the basis of Fath is that it is possible to mitigate the long-term effects of devaluation by the proportional distribution of emission. Emission is delivered to every single member of the network directly from the protocol, regardless of whether a person is a validator or not. The amount of emission is defined by the Fath protocol algorithm, which calculates the difference between real value creation (Gross Network Product; GNetP) in two different time periods. If GNetP in the second period is different from GNetP in the first then the algorithm calculates the difference and changes the monetary supply by the same percentage.
We consider the HMND token first of all to be a transaction-processing as well as a biometric network, which is why GNetP in the first implementation of Fath will be calculated based on the fees spent by participants of the network. If the amount of commission received by human nodes in the second period is different from the first, then the algorithm applies the same difference in percentage to supply and rebalances every single wallet that exists.
Two types of rebalances occur, inFath and outFath:
If the amount of commission paid out in the second period of time exceeds the commission paid out in the first period, then inFath occurs and emission is distributed across every wallet proportionally
If the amount of commission paid out in the second period is smaller than in the first, then outFath occurs and the protocol proportionally burns excessive supply throughout every single wallet as well"
Tokenomics
The total supply of HMND token is capped. The HMND token has a max supply fixed at 400,000,000 tokens. At the time of writing this analysis, there are 31,905,741 HMND tokens in circulation, less than 10% of the total supply. The project was officially listed to the public in April 2023 on KuCoin with a launch price set at $0.2589.
Minting process
New HMND tokens are minted through a mechanism called the Fath hypothesis. The main idea behind the Fath hypothesis is a full-reserve system that calculates the amount of goods and services sold in equal periods of time. If the value created in the new period is greater than the value in the previous one by 1%, the Fath protocol issues 1% of the supply and delivers it to every single wallet in the network, depending on the account balance (savings). If the wallet holds 1% of the supply during the emission, it gets 1% of the minted tokens directly from the protocol. Any person in the world, no matter where they are from or who they are, can become a human node, as long as that person has access to devices that can conduct biometric processing (for example, a smartphone with a camera and biometric processing applications for recognition) or other verified hardware. The system delivers the equality of every single human node by deriving only one node from one biometric identity and mitigates any disproportion of power due to reward equality of individuals. As the system implements the Fath hypothesis, which negates the effect of devaluation on agents of the system, this narrows gaps between the users of the network as the emitted value is distributed proportionally to every participant.
Key Features
Layer 1 focusing on AI and biometric data
Fath Hypothesis Mechanism : an alternative consensus mechanism offered as an innovative solution to classic consensus models.
Open source
Ethereum EVM Compatible
Capped supply
Humanode seems offering a better solution to PoW and PoS consensus mechanisms by incentivizing network nodes in a more democratic way. The project is certainly ambitious and innovative, so we think is right to explore it. Will be interesting to see how this new blockchain project will grow in the crypto space. Currently the market capitalization for this project is about 10 million. We can assume that with growth in the entire crypto sector and future adoption, this asset can reach a market cap of 50-100 million within 3 years. If the team deliver on its promises, HMND could increase the price by 5x to 10x the current value. The price valuation could be boosted by the scarcity of tokens in circulation.
Write what you think about this project, and what strategies you have used to integrate this crypto asset within your investment portfolio.
FEDFUND vs SPX vs BitcoinHello,
Looks like Federal fund rates are going to be in uptrend (Double Bottom + Bullish Divergence in RSI), in the past from 1958 to somewhere around till 1980 SPX was in sideways move or economic decline.
Can we see something similar kind of movement in SPX?
IMO yes.
So, will Bitcoin follow SPX?
IMO Bitcoin also moves in sideways, or Bitcoin is risk on asset so may make lower lows.
Bigtime is back on my mind and bags are packedWave one is complete?? Retraced to 61.8, sitting at a 50% retracement at the moment!!
.53 is my first target and I repacked my bags.
We might see something like what Sushi just had happen.
Polkadot could see a huge pump also but has already seen this wave 3 and possible last pump for dot is a squeeze? Bigtime could also see a squeeze. I am prepared for a bounce!!
I also think the gaming hype is about to start back up!
NOT FINANCIAL ADVICE!!
BTC Stop loss harvesting time!!Are you ready to be stopped out???
Many see the bullish wolf wave LOL.
I want to see 42K BUT 47,200 is ok for a 3%???? bounce??
After wave 3 I might try something for a retrace BUT I might just be someone's exit liquidity.
NOT FINANCIAL ADVICE!!!!!
IT IS EASY TO MAKE MONEY!!!!
IT IS HARDER TO KEEP IT!!!!
Market structure Shift? OR Fakeout?!It seems like we MAY have have seen a market shift “signal” in #BTC with the W formation with a HL AND ON TO ITS SECOND “wave”
If we break this zone to the topside I will look for longs.
If we break to the downside it’s possible we’re seeing the second wave down in our identified bearish trend (short term) and validates our current short positions.
The 50 EMA is going to be a good point of interest for me to decide to close my shorts and protect profits. Only Until we see some more confluence for a probable trade, I don’t like to “gamble”
Always protect your profits fam
I’m currently still in short positions
Bitcoin Regaining the $1 trilion❤️Forex Besties❤️
INFORMATION
Bitcoin prices jumped above $52,000 level, regaining the $1 trillion market capitalization for the first time since December 2021.
At the time of writing, Bitcoin was down 0.24% over the last 24 hours at $52,194.50, and the token’s market capitalization was above $1.02 trillion.
💲SELL 52280 - 52460 💲
SL @ 53852
TP @ 51600
TP @ 49900
Everyone success..👍👍👍
❤️FOREX BESTIES WEB - Technical Analysis
Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS
❤️NOTE
The rally in the prices of the world’s largest cryptocurrency comes on the back of optimism that US approval of broader trading in the unit will ramp up demand.
Bitcoin has enjoyed a strong run in recent months, fueled by expectations US lawmakers would allow the creation of exchange-traded funds (ETFs) that track the price and let the public invest in crypto without directly purchasing
❤️MONEY CAPITAL MANAGEMENT
⚡️ Only Trade With Risk Capital
⚡️ Cut Losses Short, Let Profits Run On
⚡️ Avoid Using Too Much Leverage
⚡️ Avoid Taking Too Much Heat
⚡️ Do Not Give in to Greed
⚡️ Take profit equal to 4-6% of your capital
⚡️ Stop lose equal to 2-3% of your capital
Bitcoin With the Expected Pullback but How Far?Bitcoin has given us our expected pullback and now we must look at the support side to study which supports will hold price and for how long?The first option, as of this post, is that the pullback will only last till Tuesday (U.S. stock markets are closed Monday) and then the buyers come back via BTC ETFs. If this is the case, it may also mean that our RED ascending trendline, which currently sits at around 50,300, may hold. If our RED ascending TL holds, there is a likelihood we go to 56k before more pullback.
Our second scenario is that the TL breaks and we drop to 48k before more buyers jump in. This is my hope because it represents the best technical options. I’d like to see a retest and hold of our 48k price level. And if we hold, I see the upward longer-term trend continuing for some time.Of course, we could always break 48k support. This is our third scenario. If 48k support breaks, we do have a lot of support underneath us and I don’t see us dropping much below 42k before demand kicks back in. Remember, ETFs are currently demanding 12x+ more than BTC miners can provide. This is on a liquidity ratio of 1 to 4, meaning that something like less than 25% of all Bitcoin in current circulation is even available for trading. Simple math here suggests a near impossibility to drop to 20k or lower again as some analysts are suggesting. Even 31.6k, as I had previously suggested (this was before ETFs were actually confirmed and approved) is now somewhat of a bygone dream. But with current U.S. geo-political policy as disastrous, devastating, disgusting, and destructive as it currently is, it remains a possibility. Anything that brings the price to that level will almost certainly be news-driven at that point in my opinion.
Other indicators that we must consider are the strength of the U.S. dollar and the status of the U.S. stock markets. The dollar (below) continues its rise in strength to that 105.6 target level as predicted many months ago. Once achieved, back down we’ll go. Dollar weakness is almost always reflected in market price which then trickles over into our crypto space. But even more so does this last part ring true with the advent of BTC ETFs in the space.
If the dollar does as I have expected and drops once it hits or nears that 105.6 resistance level, the meltup that I predicted a year and a half ago now, will continue onwards and upwards to even greater highs. Many markets and indices have already achieved all-time highs. This melt-up should continue into mid-late summer. But somewhere before September you can expect it all to end and come crashing down. Bitcoin would then follow at that point but from what price level and to what extent is yet obviously unknown. I do believe Bitcoin reaches at least 80k by mid-late summer. Any sort of crash from that point could bring us quickly back down to 48k or lower. But, I don’t want to speculate price action too dogmatically that far into the future. What I am fairly sure of is a blow-off top (already happening in U.S. stock markets) and then a fairly severe pullback (potential crash) sometime around or before September of this year. This is what I am attempting to prepare myself and those who follow me for.
Now lastly, in terms of my current trades, I have taken profits on most and been stopped out of others at or just above break even. I mainly did a just-above-break-even SL for psychological benefit as it shows green on my spreadsheet (insert smiley emoji). Once I have ascertained to a greater degree where this current pullback will find support, I will begin looking for new entries again.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Feb 16, 2024Technical Analysis and Outlook:
The chart analysis on February 9th shows how powerful the Trade Selector System is to this Trading View platform. Bitcoin has completed the second phase of the reignited rebound extension phase, also known as the "Outer Coin Rally 53000". Currently, this analysis shows the downside price action is in pivotal squeeze mode; it is expected to rebound and retest Mean Res 52500. Moreover, completing the Outer Coin Rally 53000 from this spot is imminent.