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December 2 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to research firm CryptoCompare, crypto-fund asset managers Grayscale, CoinShares and others saw investors withdraw $19.6 billion in November. Bitcoin is down 0.27% over the last 24 hours and fell to an intraday low of $16,845.86. The cryptocurrency market has been suffering extremely low volatility and a lack of demand since the FTX crisis, and Bitcoin price appears to be consolidating between $15K and $17K, and its long-term trajectory will be determined by a breakout in either direction. Today’s Cryptocurrency Headline TP ICAP Gains UK Crypto License TP ICAP, the world’s largest interdealer-broker, has registered with the UK Financial Services Authority as a digital asset provider. The company is partnering with custodian Fidelity Digital Assets to provide a platform to match orders and execute spot cryptocurrency trades and try to break into the cryptocurrency world with its Fusion digital asset marketplace. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
Chart and fundamental analysis of Iris Energy Limited (IRIS)The operating result for the last quarter was published recently, on November 30, 2022. 1. Graphic Analysis As the company's core activity is Bitcoin mining, it is important to analyze the correlation with the price of Bitcoin. As you can see in the graph below, most of the time the correlation is positive. It seems to me that the price is at the end of wave 5, about to reverse the downtrend, which has lasted since the beginning. The DMI SMI Oscillator exhibits a bullish descending wedge. This same interpretation can be obtained on the RSI: 2. Fundamental analysis Net income has held steady for quite some time at $72 million. As of Q1 since year 2022, it has declined to minus -$2 million and has since been stable. The same reasoning can be applied to Earnings per Share versus Estimated Earnings per Share . The balance sheet remains healthy, with assets greater than liabilities. Even if there is a need to settle the net debt after the sale of assets, it would be comfortably honored. With regard to cash flow, money from third parties continues to decrease, which is positive. Money spent on investments follows a negative flow. A negative value of Cash From Investing Activities can show poor performance, but it can also be a sign of increased investment activities. While cash from operating activities remains stable at $4 million. The point to note negatively is the free cash flow, which has drastically reduced to -$210 million.
NASDAQ:IRENLong
by andre_007
LINK - The Castle Is Standing Strong! 🏚Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. LINK has been stuck inside a big range in green between 5.0 and 10.0 And as per my last analysis (attached below / related ideas), we know that now the bulls took over from a short-term perspective after breaking above the orange zone. What Now? As LINK retests the orange zone, we will be looking for short-term trend-following buy setups. For the bulls to take over from a long-term perspective, we still need a break above the upper bound of the range and round number 10.0 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
25
All Eyes On USDT.D 👀Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. USDT.D has been bearish for the past 2 weeks. However, it is currently approaching support zone (7.9% - 8.1%) For the bears to remain in control, we need a daily candle close below the 7.9% In this case, further bearish movement would be expecting till the next support 7% and lower orange trendline. Thus further bullish movements would be expected for the crypto market. Meanwhile, until the bears take over, the 7.9% is acting as support and hold the price upward. If any bullish reversal setup is activated and/or if we break above the upper red trendline, then expect further bullish movement. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
CRYPTOCAP:USDT.D
by TheSignalyst
7
November 30 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to the 2022 German Blockchain report published by CV VC Labs, the European country has a 22.8% share of all Ethereum nodes, while the United States leads with 45.3%. Bitcoin is up 4.04% over the last 24 hours and rose to an intraday high of $16,955.00. The largest cryptocurrency reached the 20-day EMA of $16,913 today, suggesting the bulls are attempting to establish a relief rally. If the BTC/USDT pair maintains above the 20-day EMA ($16,913), the pair could rise to $17,200. Today’s Cryptocurrency Headline BlockFi Has $355M in Crypto Frozen on FTX Kirkland & Ellis partner Joshua Sussberg said in New Jersey bankruptcy court on Tuesday that BlockFi currently has about $355 million in cryptocurrencies frozen in FTX. Additionally, BlockFi provided $671 million in loans to Alameda Research. Sussberg told Judge Michael Kaplan that he anticipates the process of recovering BlockFi’s funds from FTX will “play out over a long period of time.” and whether those funds will be recoverable is another question entirely. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
1
Market 2022 Pullback - Consolidation & RecoveryWe are at the bottom of the market, Bitcoin has seen some major flush outs as institutions that ave poorly managed positions keep causing selling pressure. The market needs to be stimulated for the next leg up and until then we consolidate at the lows. Typically bitcoin does not break down below previous lows but we have been trading under $20,000. The market will be positioned in a bear trend until we break above the previous low $25,000 and then we can continue to consolidate and potentially start making our way back to the ATH and then higher. We anticipate that within the next 1-2 years we will see all time highs and bitcoin prices above $100,000. This is a macro outlook on the market. Long positions should be scaled in and leverage at the lows built up with short stops. Buying between 16K - 10K are great entries for a long but trades may take months to come to fruition.
Long
by TheCryptAlpha
4
November 29 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to Glassnode, digital asset investment products saw outflows totalling US$23m in a continuation of the negative sentiment seen the previous week. Bitcoin is up 0.95% over the last 24 hours and rose to an intraday high of $16,386.66. The downsloping 20-day EMA ($16,895) and the relative strength index (RSI) in the negative territory indicate that bears are in command. If the BTC/USDT pair drops below the $16,000 price level, the sellers will try to pull the price to the crucial support at $15,476. Today’s Cryptocurrency Headline Abracadabra Calls On Sushi For Emergency Assistance Abracadabra, the issuer of the algorithmic stablecoin MIM, revealed that the crypto assets worth 10 million US dollars are at risk due to the faulty oracle. It has submitted an urgent proposal to the Sushi Governance Forum, asking the Sushi team to increase interest rates for two Bento vault ‘cauldrons’ holding $10M worth of cvxRenCrv and yvcrvstETH tokens. Abracadabra’s lending infrastructure is built on top of Sushi’s Bentobox protocol, meaning that interest rate changes must be approved by the multi-signature contract that controls Bentobox. Abracadabra said that both tokens are not used in any way on SushiSwap, with cvxRenCrv comprising a token wrapper specifically made for Abracadabra, while yvcrvstETH is an interest-bearing token issued by yield aggregator Yearn Finance. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
Layer 0 Blockchains ExplainedHello everybody. Today i will explain What is Layer Zero Blockchains and How it work and whats the difference betweem L1 and L0 ? Lets go... First take a look at The Scalability Trilemma : the scalability trilemma is a series of trade-offs between decentralization, speed/scalability, and security that one must make when designing a blockchain and constructing rules for its on-chain governance. Centralization = Increased Speed, Decreased Security & Censorship Resistance Decentralization = Decreased Speed, Increased Security & Censorship Resistance It is very difficult , if not impossible, to achieve perfect decentralization without compromising scalability, and vice versa. This is especially true on a monolithic blockchain where all the critical functions like transaction execution, consensus and data availability (the ability to verify that all the data from new blocks has been published) are managed by a single network, increasing the likelihood of congestion and making it much more difficult to scale. A workaround to the scalability trilemma is to delegate the primary responsibility for these 3 functions to different independent blockchains. This design ensures that the execution chain can be optimized for handling high TPS dapps like a DEX or play-to-earn game without worrying about decentralization. A second chain can then be optimized for decentralization and serve as a final consensus layer for the execution chain to enable withdrawals to and anchor its data. When it comes to scalability, layer 0 networks can help blockchain scale by increasing transaction throughput. While transaction speed is typically measured in terms of TPS (transactions per second), transaction throughput looks at the total number of transactions that a network can handle at one time. The Problem with Layer 1s As the demand for Dapps increases and more capital flows into the space to support development, we are beginning to see the growing pains of layer 1 networks as they struggle to meet the needs of developers and end users who have opposing views on whether dapps should prioritize scalability, security or decentralization. Layer 1 networks are built with a monolithic architecture. This means that the execution, consensus and data availability layers are all functioning within a single blockchain network. This stacked design places a strain on the system and results in the need for blockchains to comprise decentralization for security, or scalability for decentralization. In addition, the lack of control over the underlying infrastructure that dapp developers build on top of has also been a cause of much frustration. Rising gas fees on the Ethereum network make all ethereum dapps too expensive to use, while unexpected downtime on the Solana network similarly makes all dapps on Solana also go offline. Dapp developers must also make compromises in how they design their dapps in order to remain compatible with these L1 networks, and lack the ability to explore different consensus mechanisms or to experiment freely with token incentive models because consensus is a primary function of the L1 infrastructure layer. The overdependence on L1’s and difficult tradeoffs imposed by the scalability trilemma can only be remedied by creating a new base infrastructure that empowers developers to launch their own independent blockchains that can be optimized for different aspects of the scalability trilemma. This base infrastructure is called layer 0, and it is the single most important component for helping blockchains and decentralized applications achieve limitless scalability while maintaining the highest possible levels of decentralization and censorship resistance. What is a Layer 0 Blockchain? A layer 0 is a type of protocol that enables developers to launch multiple layer 1 blockchains that can be designed to each serve a specific purpose and cater to 1 or 2 dimensions of the scalability trilemma as opposed to all 3. These L1 networks can also be made to communicate with each other such that the end user can have the experience of using one blockchain while they are in fact using multiple. Layer 0 (L0) networks are equipped with software development tool kits or SDKs that allow developers to launch their own blockchains, known as Layer 1s or L1s or sidechains, that are connected to the L0 mainchain but operate independently. Diffrences Between Layer-0 vs. layer-1 blockchains You can see some main differences between L0 and L1 blockchains in picture below:' I hope you enjoy this Article please share me your opinion in comments. Good Luck...
CRYPTOCAP:BTCEducation
by TraderAmin-KZ
4
NEAR - Long-Term View! ✒️Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. NEAR has been overall bearish for a while and it is now approaching a strong weekly support and round number 1.0 in green. NEAR is forming a channel in red. For the bulls to take over from a long-term perspective, we need a break above the channel and last major high in orange Meanwhile, until the buy is activated, NEAR would be overall bearish and can still trade lower till the lower red trendline and 1.0 In this case, we will be looking for short-term buy setups. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
14
November 25 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart The latest Federal Open Market Committee (FOMC) released minutes yesterday, which shows that “A substantial majority of participants judged that a slowing in the pace of increase would likely soon be appropriate.” Bitcoin is down 1.53% over the last 24 hours and fell to an intraday low of $16,449.62. Despite the good news from FOMC, the market sentiment is still weak as The Crypto & Fear Index is still in the extreme fear territory. The market is still focusing on the liquidity issue of Genesis Trading, and if Genesis Trading solves its liquidity issue in the next few days, the BTC/USDT pair could rise to $17,500. Today’s Cryptocurrency Headline Ledger Rolls Out ‘Crypto Life’ Debit Card Crypto wallet maker Ledger is rolling out its crypto debit card across the UK and Europe. Ledger’s Crypto Life (CL) card allows users to transfer cryptocurrencies between Ledger hardware wallets and card accounts through the companion app Ledger Live. Developed by London-based fintech firm Baanx, CL is similar to other crypto cards already launched, allowing customers to earn 1% crypto rewards in Bitcoin or USDT, or 2% in Baanx’s native token BXX when they spend funds. Lithuanian banking-as-a-service provider Contis Financial handles custody of all funds kept on the card. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
1
November 24 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin is up 1.23% over the last 24 hours and rose to an intraday high of $16,798.00. The Crypto & Fear Index is still in the extreme fear territory, and the relative strength index is below the midpoint, suggesting that the market sentiment is still weak. The liquidity issue of Genesis Trading remains unresolved, but the firm confirmed that it has hired investment bank Moelis & Co to talk with potential investors today. If Genesis Trading solves their liquidity issue in the next few days, the BTC/USDT pair could rise to $17,500. Today’s Cryptocurrency Headline DBS Completes Fixed Income Trade on Onyx Singapore-based DBS Bank said it has completed transactions in fixed-income products through Onyx, JPMorgan Chase's blockchain-based fixed-income trading network, becoming the first Asian bank to use the network. BNP Paribas previously joined JP Morgan's blockchain network Onyx for fixed-income trading. Goldman Sachs (GS) has also tapped JPMorgan's network Onyx for repo transactions. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
November 23 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin is up 1.91% over the last 24 hours and rose to an intraday high of $16,294.00. The largest cryptocurrency rebounded above the $16,000 price level today, but there is no clear signal that the price has reached the bottom. The liquidity issue of Digital Currency Group and Genesis Trading remains unresolved, investors need to maintain a risk-off stance against the potential bankruptcy of Genesis Trading. However, if Digital Currency Group and Genesis Trading solve their liquidity issue in the next few days, the BTC/USDT pair could rise to $17,500. Today’s Cryptocurrency Headline Ark Invest is Buying Millions of GBTC Shares Cathie Wood's Ark Investment Management is buying millions of dollars in GBTC stock. Ark Invest Management bought more than $1.4 million worth of GBTC stock on Monday and bought 315,259 GBTC shares worth $2.8 million last week. Ark currently holds nearly 6.357 million GBTC shares, accounting for 0.4% of the company's total investment. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
BKCH | Good Entry Point | BlockchainThe fund invests at least 80% of its total assets, plus borrowings for investments purposes (if any), in the securities of the index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. The underlying index is designed to provide exposure to companies that are positioned to benefit from further advances in the field of blockchain technology. The fund is non-diversified.
NASDAQ:BKCHLong
by DivergenceSeeker
Litecoin and it's historical patternsLitecoin on the two weeks has already secretly started building momentum as shown by the STOCHASTIC RSI on the very bottom. This move should carry it up into the yellow box to consolidate until it does it's final break out to new highs. Once the fifty dollar price point leaves it will most likely be gone fore ever. It's new should be around one hundred dollars. Litecoin facts. 1 The mimble wimble addition has added privacy to Litecoin 2 Litecoin is the longest running chain without interruptions and has actually never been down 3 Litecoin will undergo its third halving on the 14th of July 2023 and will go to 6.25 block rewards which as rare as Bitcoin until bitcoins next halving in 2024 This is not financial advice.
KRAKEN:LTCUSDLong
by WeAreSat0shi
5
November 22 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to CoinShare, digital asset investment products saw inflows totalling US$44m last week, but short investment product inflows represented 75% of the total inflows. Bitcoin is down 1.1% over the last 24 hours and fell to an intraday low of $15,461.92. The largest cryptocurrency fell below the November 9th low of $15,588 after the news of Genesis Global Trading could face potential bankruptcy came out, suggesting that the investors are extremely nervous about the potential bankruptcy. As Genesis Global Trading is considered the largest lending desk in the cryptocurrency industry, the fall of Genesis Global Trading could damage the cryptocurrency industry heavily, and the BTC/USDT pair could drop to $12,000. Today’s Cryptocurrency Headline Genesis Trading Warns of Possible Bankruptcy Genesis Global Trading has mentioned bankruptcy as a potential option as it seeks fresh capital. Its financing target has been halved from US$1 billion to US$500 million. Parent company DCG is unwilling to sell part of its venture portfolio and has no plans to sell another company, Grayscale. According to previous news, Genesis Global Trading has suspended redemption and new loan issuance. DCG said that the business operations of other subsidiaries have not been affected, and DCG has injected $140 million in equity into Genesis Global Trading. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
1
BTC - Mayday... 🛩 Mayday... 🛩Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. BTC has been trading in a range in the shape of a symmetrical triangle / pennant. As per my last analysis here, If BTC breaks below the lower bound of the pennant and 15700 previous lows, then expect that bearish continuation pennant to get activated. In this case, we will be expected the bearish movement (projection) to be almost the same size of the previous bearish impulse. Which would bring us to the 12k weekly demand zone . If the above happens... Brace For Impact! Meanwhile, until we break below 15700, the bulls can still kick in for a short-term bullish relief. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:BTCUSD
by TheSignalyst
35
November 21 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin is down 2.84% over the last 24 hours and fell to an intraday low of $16,123.01. The largest cryptocurrency continues to trade in the $16,000 – $17,000 price zone during the weekend as investors continue to maintain a risk-off stance. The downsloping moving averages and the relative strength index (RSI) in the negative zone, indicate that the bears are in control. If the BTC/USDT pair drops below the $16,000 price level, the pair could retest the November 9th low of $15,588. Today’s Cryptocurrency Headline Crypto Financial Services Firm Unchained Capital Cuts About 15% of Staff Unchained Capital, a crypto lending platform, announced about 15% layoffs and transferred its head of business development, Parker Lewis, to the board of directors, and chief product officer Will Cole to a senior advisory position. Company co-founder and CEO Joe Kelly said on Friday that while Unchained has never had exposure to FTX, Alameda, or any other institutions which have lost client funds, "funding for bitcoin-backed loans has been materially constrained by recent market events." On the other hand, Joe Kelly pointed out that the company is seeing record highs in new client numbers, Bitcoin deposits, and trading volumes, and the loan book currently has a 214% collateral-to-principal ratio. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
November 19 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to Circle's official website, over the last seven days, the amount of USDC in circulation, as of November 16th, has increased by about $2 billion, or about 4%. Bitcoin is down 1.74% over the last 24 hours and fell to an intraday low of $16,529.69. The largest cryptocurrency continues to trade in the $16,000 - $17,000 price zone as investors remain cautious to assess the negative impact of the FTX crisis on the cryptocurrency industry. If another large cryptocurrency company becomes insolvent, the BTC/USDT pair could retest the November 9th low of $15,588. Today’s Cryptocurrency Headline Sui Testnet Wave 1 Goes Live According to the official announcement, Sui, the Layer 1 public chain developed by Mysten Labs, announced the launch of Testnet Wave 1, which focuses on operators, especially validators and full-node operators. The Testnet Wave 1 network will run for approximately two to three weeks and will be closed when the goal is achieved. This is the first instance of a Sui Network working with non-Mysten Labs operators, and an important step towards a decentralized Sui Mainnet. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
5