Trading Crypto Guide ™

2024-04-17 13:59:50 #BTC.D UPDATE :

We saw a breakout of the resistance area and alts tighten up the positions as expected. With that, #BTC also dumped due to major fundamental events, now market is slowing down a bit and alts trying to recover a bit. Now, we still have room for a tiny bit of correction, before started moving up. Open / Comment

2024-04-17 11:59:50 #ADA still consolidating and moving within the area and price formed the new triangle pattern. Price broke the pattern and zone previously but still moving there, and now it need to break the new pattern, so keep the stops tight and in case you accumulated then hodl strong. Open / Comment

2024-04-17 10:29:50 #Bitcoin again dipped and moved back and forth just above the support zone. On HTF, price still going on with the consolidation and expecting nothing unless a break of the resistance around $65,000 or support happens. Open / Comment

2024-04-16 21:01:26 Here's the Analysis of #XRP :

#XRP is been Strongly bouncing off from the major Support Zone of $0.46 and kinda started ranging too. Price made a small channel pattern where price is trying to breakout but movement doesn't seems promising, so wait for the setup to appear or form properly. A Daily Candle closure above $0.50 will be good for potential buys setup. Open / Comment

2024-04-16 14:01:47 What Is a Pegged Currency?

A pegged currency or currency pegging is the process of a country attaching, or pegging its exchange rate to another currency, or basket of currencies or another measure of value. As such, pegging is sometimes referred to as a fixed exchange rate. A currency peg is something used in order to provide stability to a currency by attaching its value, which is at a predetermined ratio, to add different and more stable currency.

Pegged currency provides benefits, as it is a fundamental basis for a government that is planning to promote credibility as well as discipline in monetary policies, and this is especially the case of impoverished as well as unstable economies.

Businesses can gain a competitive advantage in the International markets against rivals that face forex risk. Countries that do not adopt currency pegs however are susceptible to foreign influence, and this leads to trade imbalances where it might be difficult to attain an automatic exchange rate adjustment. A minor deviation from the peg could lead to heavy speculative attacks as well.

When we discuss pegged currency in the world of cryptocurrencies, stablecoins are the most recent version of pegging in the crypto world. A stablecoin is a currency whose value is pegged to a real-world asset, such as a fiat currency. There are many projects out there that involve stablecoins., and they perform an important function in an industry that is known for its high volatility when it comes to prices. Stablecoins offer the utility to easily convert crypto coins into FIAT currencies. Stablecoins can also solve liquidity issues on crypto exchanges, and the technology can even create paths for more financial services, such as loans and insurance to be implemented within the world of cryptocurrencies. Open / Comment

2024-04-16 12:01:40 we can see their Realized Profit / Loss Ratio has gone exponential and vertical. By definition, this is a result of there being no LTHs in Loss when the market has only recently broken above the last cycles ATH. This is further fueled by the aforementioned uptick in LTH profit taking. Open / Comment

2024-04-16 10:01:43 #MAGIC pushed a little bit more and goes around 34.6% in profits and now dipping back with the market conditions. Well, We already took the major profits top there and now it better not to buy on the retest and wait for the strcutural shift. Open / Comment

2024-04-16 08:01:53 #BTC made retest back to the resistance area, and falling lower as expected. Price did gave a fakeout which added some confluence to the lower push. Now, a wick-fill is expected and retest to $60,000. a Liquidity grab is expected below $60,000 mark and tap-in support at $59,550. Open / Comment

2024-04-15 22:02:11 Here's the Analysis of #DASH :

#DASH is been strong rejected from the bottom of the Major Support Area of $25.54 - $26.27 and still maintaining the bearish market structure. Price already retest and structural resistance and moving lower again. Its better to wait for the support to form on HTF, before entering any buys. Open / Comment

2024-04-15 16:08:03 What Is Layer 0 in Blockchain?

Layer 0 protocols are essentially the infrastructure upon which Layer 1 blockchains can be built. As a foundational layer to blockchain networks and applications, Layer 0 protocols are among many solutions aiming to fix the challenges the industry faces, such as scalability and interoperability.

A blockchain ecosystem can be classified according to the following layers:

Layer 0: The underlying infrastructure upon which multiple Layer 1 blockchains can be built.

Layer 1: Base blockchains used by developers to build applications, such as decentralized applications (DApps).

Layer 2: Scaling solutions that handle activities off Layer 1 blockchains to ease their transactional loads.

Layer 3: Blockchain-based application layer, including games, wallets, and other DApps.



What Problems Can Layer 0 Solve?

> Interoperability

Interoperability refers to the ability of blockchain networks to communicate with one another. This property enables a more tightly interwoven network of blockchain-enabled products and services, which in turn offers a better user experience.

> Scalability

A monolithic blockchain such as Ethereum is often congested because a single Layer 1 protocol is providing all the critical functions, such as transaction execution, consensus, and data availability. This creates a bottleneck for scaling that Layer 0 can alleviate by delegating these critical functions to different blockchains.

> Developer flexibility

To encourage developers to build on them, Layer 0 protocols often provide easy-to-use software development kits (SDKs) and a seamless interface to ensure developers can easily launch their own purpose-specific blockchains. Open / Comment