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Showing posts from May, 2022

$APE is on a pullback. Get in for a 23% gain

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For those of you with a tradingview account, feel free to follow me there: I can use the upvotes. View it on my Tradingview account. On my #4hrchart, $APE has moved into a pullback pattern breaking my 9 period #MovingAverage and poking a small rejection THROUGH a 36 period average. It's my impression this will move to tye 50 period and test it a couple times. Using your #RSI you can see the reactivity. If you set your RSI MA at either 7, 9, or 13, you can use it ans a #supertrend. Each time a green #Hiken-Ashi closes ABOVE the RSI that is an indication to stay in the trade. This particular move started as a series of green candles were interrupted by a red tiny pin. Then switched back to green. This was simply a pause in tye move. My #Support and #resistance levels show the lower #wick of this pin extended beyond the lower part of the support #zone. Once the jext candle closed #Bullish it solidified the move up for a #pullback and the red candle basically gave you a new

$Luna down. Bad for you, Good for $Kwon

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We've all seen the article and I'll post a link below but here's my view. And yes I am COMPLETELY biased thinking this is a BIG BROTHER banking type move to make money. The article news. bitcoin .com/stablecoin-implosion-luna-and-ust-lose-significant-value-downturn-ripples-across-the-crypto-economy/ My thoughts: Personally I think it's a ploy to drive the drive extremely low while gaining massive popularity with this token. I think the "devil is in the details" of this article. It was said I think in the second paragraph. "First, we endorse the community proposal 1164 to Increase base pool from 50M to 100M SDR *) Decrease Pool Recovery Block from 36 to 18 This will increase minting capacity from $293M to ~$1200M,” the Terra co-founder added." Of course you want to mint more to sell more but the more you have minted without active investors per coin or share, then the total minted becomes worth-less. That is until "the troubles" are resolved

Is a Bitcoin miner the same as an Amazon server and why does it matter?

A group led by Michael Saylor have written a letter to the EPA in direct response to the recent group from Congress who criticized Bitcoin mining   The Bitcoin Mining  Council, led by Michael Saylor, has hit back at a US Congress group that   petitioned   the Environmental Protection Agency to criticize proof of work mining. The council’s letter focuses, in part, on comparing Bitcoin mines to computer data centers.  They aim to highlight that the EPA has no jurisdiction to dictate what happens inside a data center. Letters to the EPA The congress members had asked the EPA to evaluate the “compliance with environmental statutes” of proof of work mining.  The group claimed, “We have serious concerns regarding reports that cryptocurrency facilities across the country are polluting communities and are having an outsized contribution to greenhouse gas emissions. As cryptocurrency gains popularity, it is essential to understand the environmental risks and pollution associated with this indus