🔅#Bitcoin Quick Update‼️
I was a bit worried about $BTC going higher, but it's now back towards 76.3% Fib.
I was a bit worried about $BTC going higher, but it's now back towards 76.3% Fib.
🔅#FTMUSD has also caught up to come test the neckline resistance, with an ongoing Breakout.
$FTM has recovered nearly +75% since its bottom price last month, and gained +36% since my buy entry signal.
$FTM has recovered nearly +75% since its bottom price last month, and gained +36% since my buy entry signal.
🔅#SOLUSD just achieved its 2nd breakout in just 4 days, after exiting by North the triangle pattern.
✅ Three #Solana Network Upgrades as User Growth and Adoption Increases!
👉🏻 Solana will have 3 major upgrades, including "QUIC" planed in a few days, followed by "Stake-Weighted QoS" probably before the end of this month.
👉🏻 These 3 new developments aim to improve the resilience & stability of the Solana network.
▫️QUIC: Testing on Testnet, Mainnet beta rollout expected soon.
▫️Stake-Weighted QoS: Status in progress
▫️Local Fee Markets: Status in progress
💚 These upgrades will occur at the best time (after $SOL breakout) as a powerful catalyst to attract investors, and therefore to increase $SOL token price faster, so keep an eye on #SOLUSD TA in the coming days.
🌐 https://solana.com/news/solana-network-upgrades
👉🏻 Solana will have 3 major upgrades, including "QUIC" planed in a few days, followed by "Stake-Weighted QoS" probably before the end of this month.
👉🏻 These 3 new developments aim to improve the resilience & stability of the Solana network.
▫️QUIC: Testing on Testnet, Mainnet beta rollout expected soon.
▫️Stake-Weighted QoS: Status in progress
▫️Local Fee Markets: Status in progress
💚 These upgrades will occur at the best time (after $SOL breakout) as a powerful catalyst to attract investors, and therefore to increase $SOL token price faster, so keep an eye on #SOLUSD TA in the coming days.
🌐 https://solana.com/news/solana-network-upgrades
⚡️Bitcoin Breakout in progress‼️
👉🏻 Here we go, $BTC is testing its exit range resistance, with a breakout in progress around the $23K level.
👉🏻 IMHO, it's too early to make this breakout and it would have been much better to see $BTC consolidating longer in its range, but if the market decides otherwise, it has to be accepted.
☘️ It's now that we will see the pack of Alts that will take off with the $BTC, and the other Alts which will remain at their level. I've often talked about this natural Alts selection that was going to happen during the next bullrun cycle.
🤪 In 24 hours, all the "trend follower influencers & media" who were BEAR yesterday will quickly switch to be BULL tomorrow, as they always have a plan B, C, D to make happy everyone... 😂 Now, if we're going to have less of their boring FUDs spreading for months, it's going to be an "Open-Bar" with an excess of irritating FOMOs as "To The Moon", "BTC to 200K", which you must not get influenced more than FUDs (think about "bulltrap)
👉🏻 Here we go, $BTC is testing its exit range resistance, with a breakout in progress around the $23K level.
👉🏻 IMHO, it's too early to make this breakout and it would have been much better to see $BTC consolidating longer in its range, but if the market decides otherwise, it has to be accepted.
☘️ It's now that we will see the pack of Alts that will take off with the $BTC, and the other Alts which will remain at their level. I've often talked about this natural Alts selection that was going to happen during the next bullrun cycle.
🤪 In 24 hours, all the "trend follower influencers & media" who were BEAR yesterday will quickly switch to be BULL tomorrow, as they always have a plan B, C, D to make happy everyone... 😂 Now, if we're going to have less of their boring FUDs spreading for months, it's going to be an "Open-Bar" with an excess of irritating FOMOs as "To The Moon", "BTC to 200K", which you must not get influenced more than FUDs (think about "bulltrap)
🔅Bitcoin-Altcoin Correlation Evolving‼️
$BTC finally woke up, but after the surprising performance of $ETH & $ETC, which restored some confidence in the market sentiment, and therefore have leaded several major #Alts to increase their prices by 20-60% through yesterday.
Now $BTC is slowly rising on its own, and as expected, Alts are no longer progressing but stagnating on their last high, although we are starting to see slight retracements underway.
The weakening correlation between major #Alts & $BTC in an uptrend market is nothing new, and today $ETH (along with $ETC) has just demonstrated it again.
▫️Crypto Map:
1) BTC ⬆️⬆️ => Alts/BTC ⬇️
2) BTC ⬇️⬇️ => Alts/BTC ⬇️⬇️
3) BTC ➡️➡️ => Alts/BTC ⬆️
▫️Legend:
1) BTC Bullrun => FOMO Back into BTC
2) BTC Crash => Fight to Safety BTC
3) BTC Range => Boring, Seeking Riskier Investments
$BTC finally woke up, but after the surprising performance of $ETH & $ETC, which restored some confidence in the market sentiment, and therefore have leaded several major #Alts to increase their prices by 20-60% through yesterday.
Now $BTC is slowly rising on its own, and as expected, Alts are no longer progressing but stagnating on their last high, although we are starting to see slight retracements underway.
The weakening correlation between major #Alts & $BTC in an uptrend market is nothing new, and today $ETH (along with $ETC) has just demonstrated it again.
▫️Crypto Map:
1) BTC ⬆️⬆️ => Alts/BTC ⬇️
2) BTC ⬇️⬇️ => Alts/BTC ⬇️⬇️
3) BTC ➡️➡️ => Alts/BTC ⬆️
▫️Legend:
1) BTC Bullrun => FOMO Back into BTC
2) BTC Crash => Fight to Safety BTC
3) BTC Range => Boring, Seeking Riskier Investments
Power Crypto Club
⚛️#Cosmos is ready to welcome another member. This one has remained silent for a little while. Mainnet info released and set for 22/06/22. A one-kind bridge between BTC & Cosmos. I'll hold this airdrop as planed (from Phil PRO Indicators)
🔅$ATOM just hit $11 and doesn't seem to want to stop there, but next it will have to break $12 level before continuing its rise, which should be even easier as no resistance until the $18 level.
Here are some Cosmos Ecosystem projects that I have selected to watch:
🔹Osmosis $OSMO
🔹Evmos $EVMOS
🔹Crescent Network $CRE
🔹Secret Network $SCRT
🔹UMEE $UMEE
🔹Nomic $NOM
🔹Astroport $ASTRO
🔹Juno Network $JUNO
🔹Gravity Bridge
Here are some Cosmos Ecosystem projects that I have selected to watch:
🔹Osmosis $OSMO
🔹Evmos $EVMOS
🔹Crescent Network $CRE
🔹Secret Network $SCRT
🔹UMEE $UMEE
🔹Nomic $NOM
🔹Astroport $ASTRO
🔹Juno Network $JUNO
🔹Gravity Bridge
▫️An Ethereum Name Service $ENS domain sold for over $150,000 worth of $ETH this in an apparent joke gone wrong.
▫️The buyer, who had previously been the seller, said that he forgot to cancel his own 100 ETH “joke” bid on the NFT.
These NFTs will have definitely caused a lot of victims and losers, rather than winners. I read that 98% of investors will never recover their initial amount.
https://decrypt.co/105597/ethereum-nft-whale-loses-150k-on-a-meme-gone-wrong
▫️The buyer, who had previously been the seller, said that he forgot to cancel his own 100 ETH “joke” bid on the NFT.
These NFTs will have definitely caused a lot of victims and losers, rather than winners. I read that 98% of investors will never recover their initial amount.
https://decrypt.co/105597/ethereum-nft-whale-loses-150k-on-a-meme-gone-wrong
Decrypt
Ethereum NFT Whale Loses $150K on a Meme Gone Wrong - Decrypt
An Ethereum NFT collector placed a joke bid of 100 ETH on an ENS name—and it was accepted before he could cancel it.
🔅Ethereum Name Service ($ENS) is a distributed, open and extensible naming system based on the Ethereum blockchain.
#ENS was initially a part of the Ethereum Foundation, but spun off as a separate organization in 2018. The ENS team is nine people strong and its treasury is governed by a 4-7 multi-signature root with the following members:
🔹Nick Johnson - ENS
🔹Sergey Nazarov - Chainlink
🔹Dan Finlay - Metamask
🔹Taylor Monahan - MyCrypto
🔹Aron Fischer - Colony
🔹Jason Carver - Ethereum Foundation
🔹Martin Swende - Ethereum Foundation
Although ENS has no investors, it is supported by the Ethereum Foundation, Binance_X, Chainlink, Ethereum Classic Labs, and Protocol Labs.
#ENS was initially a part of the Ethereum Foundation, but spun off as a separate organization in 2018. The ENS team is nine people strong and its treasury is governed by a 4-7 multi-signature root with the following members:
🔹Nick Johnson - ENS
🔹Sergey Nazarov - Chainlink
🔹Dan Finlay - Metamask
🔹Taylor Monahan - MyCrypto
🔹Aron Fischer - Colony
🔹Jason Carver - Ethereum Foundation
🔹Martin Swende - Ethereum Foundation
Although ENS has no investors, it is supported by the Ethereum Foundation, Binance_X, Chainlink, Ethereum Classic Labs, and Protocol Labs.
⚡️Ethereum Classic Gains 60% in One Week, Here is Why The Merge Could Push its Price Higher
▫️Vitalik B. says #ETH to be 55% complete post-merge
▫️The #Merge is expected to reduce #ETH’s energy usage by almost 100%, contribute to making #ETH a deflationary asset, and provide stakers with rewards for securing the network
▫️#ETH Devs announced that the #Merge will tentatively take place during the week of Sept 19
▫️Once the network #ETH #PoW will stop, the network #ETC could witness a mass migration of #ETH miners (estimate about 120,000 ETH miners).
▫️$ETC has breached the 50-EMA, indicating a major revival of bullish momentum, and the 20-EMA just reached top of the daily candle
▫️$ETC has recovered until +122% from its bottom price on June 18, and generated +74% gains since my buy entry at $16.
▫️Trade #ETCUSD
🔹Buy Entry: $16-26
🔹TP1: $33
🔹TP2: $52
🔹TP3: $66 up to $100
⛔️ S/L: Under $14
▫️Vitalik B. says #ETH to be 55% complete post-merge
▫️The #Merge is expected to reduce #ETH’s energy usage by almost 100%, contribute to making #ETH a deflationary asset, and provide stakers with rewards for securing the network
▫️#ETH Devs announced that the #Merge will tentatively take place during the week of Sept 19
▫️Once the network #ETH #PoW will stop, the network #ETC could witness a mass migration of #ETH miners (estimate about 120,000 ETH miners).
▫️$ETC has breached the 50-EMA, indicating a major revival of bullish momentum, and the 20-EMA just reached top of the daily candle
▫️$ETC has recovered until +122% from its bottom price on June 18, and generated +74% gains since my buy entry at $16.
▫️Trade #ETCUSD
🔹Buy Entry: $16-26
🔹TP1: $33
🔹TP2: $52
🔹TP3: $66 up to $100
⛔️ S/L: Under $14
⚡️QTUM Core v22.1 Hard Fork July 31‼️
I'm sure there are always #Qtumfams even if they are low key like the Qtum Dev team. 🙂
If some Crypto Dev teams spend more than they should with excessive marketing budgets to boost their token's price, it's the opposite with the Qtum team which devotes its entire budget to development, some conferences, and salaries. One of the few articles with Patrick Dai, founder of Qtum Foundation that published in Cointegraph (2021) had pumped up $QTM price by more than 150%
#Qtum is a blockchain that combines the security of Bitcoin's blockchain model and the flexibility of Ethereum's smart contracts. It uses a #PoS consensus model for creating new blocks, which is far easier and less energy-intensive than Bitcoin's #PoW model.
▫️Qtum Testnet Hard Forked on June 1
▫️Qtum Mainnet Hard Fork on July 31
One of the most stable and capable layer-1 chains is soon to have a mandatory hard fork, which will make the chain support Bitcoins Taproot.
I'm sure there are always #Qtumfams even if they are low key like the Qtum Dev team. 🙂
If some Crypto Dev teams spend more than they should with excessive marketing budgets to boost their token's price, it's the opposite with the Qtum team which devotes its entire budget to development, some conferences, and salaries. One of the few articles with Patrick Dai, founder of Qtum Foundation that published in Cointegraph (2021) had pumped up $QTM price by more than 150%
#Qtum is a blockchain that combines the security of Bitcoin's blockchain model and the flexibility of Ethereum's smart contracts. It uses a #PoS consensus model for creating new blocks, which is far easier and less energy-intensive than Bitcoin's #PoW model.
▫️Qtum Testnet Hard Forked on June 1
▫️Qtum Mainnet Hard Fork on July 31
One of the most stable and capable layer-1 chains is soon to have a mandatory hard fork, which will make the chain support Bitcoins Taproot.
Crypto-Quiz: How many blockchains are there in 2022 (See answer after voting)
Anonymous Quiz
18%
500
36%
700
27%
1,000
0%
1,300
18%
1,500
✨Crypto Portfolio Diversification
Diversification is a risk management strategy where you invest across different assets or ecosystems, in order to build a well-balanced portfolio which will not be fully exposed to any single risk or asset.
👉🏻 Here are 5 strategies to diversify your crypto portfolio:
1️⃣ Diversify with Different Crypto Use Cases
🔹Utility, Payment, Security, Stablecoins, DeFi, Metaverse...
2️⃣ Diversify in Different Crypto Blockchains
🔹Ethereum, Solana, Cosmos, BNB Chain, Polkadot...
3️⃣ Diversify by Crypto Market Cap
🔹 Large-caps (Top10)
🔹 Mid-caps ($1-10B. Top10-50)
🔹 Low-cap (below $1B. <Top50)
4️⃣ Diversify in Different Crypto Industries
🔹Finance/Banking, Healthcare, Media, Gaming, Tourism, Real Estate...
5️⃣ Diversify with Different Crypto Asset Classes
🔹Reserve Assets (BTC & ETH)
🔹Protocol Tokens (EOS, IOTA, XLM)
🔹App/DApps Tokens (BAT, GLM, REP)
🔹Utility Tokens (BAT, LINK, ZIL)
🔹Stablecoins (USDT, USDC, DAI)
🔹Bitcoin Copycats (BCH, LTC)
🔹Security Tokens (tZero, Bcap)
🔹NFTs (LAND, ENS, WAX)
Diversification is a risk management strategy where you invest across different assets or ecosystems, in order to build a well-balanced portfolio which will not be fully exposed to any single risk or asset.
👉🏻 Here are 5 strategies to diversify your crypto portfolio:
1️⃣ Diversify with Different Crypto Use Cases
🔹Utility, Payment, Security, Stablecoins, DeFi, Metaverse...
2️⃣ Diversify in Different Crypto Blockchains
🔹Ethereum, Solana, Cosmos, BNB Chain, Polkadot...
3️⃣ Diversify by Crypto Market Cap
🔹 Large-caps (Top10)
🔹 Mid-caps ($1-10B. Top10-50)
🔹 Low-cap (below $1B. <Top50)
4️⃣ Diversify in Different Crypto Industries
🔹Finance/Banking, Healthcare, Media, Gaming, Tourism, Real Estate...
5️⃣ Diversify with Different Crypto Asset Classes
🔹Reserve Assets (BTC & ETH)
🔹Protocol Tokens (EOS, IOTA, XLM)
🔹App/DApps Tokens (BAT, GLM, REP)
🔹Utility Tokens (BAT, LINK, ZIL)
🔹Stablecoins (USDT, USDC, DAI)
🔹Bitcoin Copycats (BCH, LTC)
🔹Security Tokens (tZero, Bcap)
🔹NFTs (LAND, ENS, WAX)
✨Crypto Portfolio Allocation
Crypto portfolio allocation involves identifying the percentage of crypto in your overall investments, then choosing the blend of cryptos that match your risk appetite.
👉🏻 Here are 3 sample of Crypto Portfolios based on your risk taking (the cryptos mentioned are only indicative)
1️⃣ Conservative Portfolio (The 80/20 rule)
Having a roughly 80/20 blend of Large-cap coins (80%) and Mid/Low-cap coins (20%) is a good rule to follow if you are new to crypto investing.
🔹BTC 30%
🔹ETH 30%
🔹ATOM 5%
🔹MATIC 5%
🔹SOL 5%
🔹NEAR 5%
🔹+4 x Alts Mid/Low-cap of 5% each
2️⃣ Balanced Portfolio (40/30/30)
It's still mainly Large-cap coins but also balanced with a mix of Mid/Low-cap coins.
🔹BTC 20%
🔹ETH 20%
🔹ATOM 10%
🔹MATIC 10%
🔹SOL 10%
🔹+6 x Alts Mid/Low-cap of 5% each
3️⃣ Aggressive Portfolio (20/40/40)
It's the most volatile with very high profit potential (but also very risky) with more Mid/Low-cap coins.
🔹ETH 20%
🔹ATOM 5%
🔹MATIC 5%
🔹SOL 5%
🔹NEAR 5%
🔹LINK 5%
🔹AAVE 5%
🔹BNB 5%
🔹DOT 5%
🔹+8 x Alts Low-cap of 5% each
Note: All portfolio examples are suggestions only, and for example the 80/20 rule can come in many variations and may in practice look like: 60/20/5/5/5/5, 30/20/10/10/10/5/5/2/2/2/2/1/1, or 60/10/10/10/10.
DYOR: Always Do Your Own Research before investing.
Crypto portfolio allocation involves identifying the percentage of crypto in your overall investments, then choosing the blend of cryptos that match your risk appetite.
👉🏻 Here are 3 sample of Crypto Portfolios based on your risk taking (the cryptos mentioned are only indicative)
1️⃣ Conservative Portfolio (The 80/20 rule)
Having a roughly 80/20 blend of Large-cap coins (80%) and Mid/Low-cap coins (20%) is a good rule to follow if you are new to crypto investing.
🔹BTC 30%
🔹ETH 30%
🔹ATOM 5%
🔹MATIC 5%
🔹SOL 5%
🔹NEAR 5%
🔹+4 x Alts Mid/Low-cap of 5% each
2️⃣ Balanced Portfolio (40/30/30)
It's still mainly Large-cap coins but also balanced with a mix of Mid/Low-cap coins.
🔹BTC 20%
🔹ETH 20%
🔹ATOM 10%
🔹MATIC 10%
🔹SOL 10%
🔹+6 x Alts Mid/Low-cap of 5% each
3️⃣ Aggressive Portfolio (20/40/40)
It's the most volatile with very high profit potential (but also very risky) with more Mid/Low-cap coins.
🔹ETH 20%
🔹ATOM 5%
🔹MATIC 5%
🔹SOL 5%
🔹NEAR 5%
🔹LINK 5%
🔹AAVE 5%
🔹BNB 5%
🔹DOT 5%
🔹+8 x Alts Low-cap of 5% each
Note: All portfolio examples are suggestions only, and for example the 80/20 rule can come in many variations and may in practice look like: 60/20/5/5/5/5, 30/20/10/10/10/5/5/2/2/2/2/1/1, or 60/10/10/10/10.
DYOR: Always Do Your Own Research before investing.