LIVETheCryptoJourno
@TheCryptoJourno
⚡ Bylines in Coindesk, CoinTelegraph and more 💎 Here to talk about DeFi, crypto, trading, regulation, NFTs and Web3 🔥
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🔐 What's the latest with Ledger's key recovery service?
Last week, when Ledger announced they're introducing a new feature - key recovery - it was met with uproar online.
Although the feature is opt-in, because it would allow users to retrieve their private seed phrase, it could also provide a backdoor for their seed phrase to be removed from the device.
After sweeping criticism from the crypto community, Ledger announced they would make the code open-source.
#cryptocurrency #wallet #crypto2023 #crypto
Last week, when Ledger announced they're introducing a new feature - key recovery - it was met with uproar online.
Although the feature is opt-in, because it would allow users to retrieve their private seed phrase, it could also provide a backdoor for their seed phrase to be removed from the device.
After sweeping criticism from the crypto community, Ledger announced they would make the code open-source.
#cryptocurrency #wallet #crypto2023 #crypto
✅ Top crypto news stories ✅
$BTC DROPS
✴️ Bitcoin touched $28.3 last week but now recedes to retest $27K
✴️ And overall price is still down approx 5% for the month
CRYPTO WHALES PUMP $RNDR
✴️ Whale activity propelled Render's $RNDR to over $2.85
✴️ That makes RNDR's Year to Date (YTD) gains a colossal 575%
✴️ Render's market capitilization is now over $950 million
HONG KONG IS CRYPTO FRIENDLY, AGAIN...
✴️ Hong Kong's Financial Secretary announced they will allow retail trading, follow regulatory guidelines and support Web3 innovation
✴️ They will also be launching a Central Bank Digital Currency (CBDC)
#crypto2023 #cryptocurrency #crypto #BTC #bitcoin
$BTC DROPS
✴️ Bitcoin touched $28.3 last week but now recedes to retest $27K
✴️ And overall price is still down approx 5% for the month
CRYPTO WHALES PUMP $RNDR
✴️ Whale activity propelled Render's $RNDR to over $2.85
✴️ That makes RNDR's Year to Date (YTD) gains a colossal 575%
✴️ Render's market capitilization is now over $950 million
HONG KONG IS CRYPTO FRIENDLY, AGAIN...
✴️ Hong Kong's Financial Secretary announced they will allow retail trading, follow regulatory guidelines and support Web3 innovation
✴️ They will also be launching a Central Bank Digital Currency (CBDC)
#crypto2023 #cryptocurrency #crypto #BTC #bitcoin
INJ is an altcoin gem with huge potential:
💎 Layer 1 blockchain for enterprise DeFi.
💎 Interoperable, decentralized and scalable.
💎 The future of finance powered by a global network of developers, validators and builders.
I'm hoping INJ finds solid support at $7/7.2 before bouncing off it to head back up into the purple box of destiny. That's the take profit trigger.
#cryptotrading #trading #gems #altseason #dyor
💎 Layer 1 blockchain for enterprise DeFi.
💎 Interoperable, decentralized and scalable.
💎 The future of finance powered by a global network of developers, validators and builders.
I'm hoping INJ finds solid support at $7/7.2 before bouncing off it to head back up into the purple box of destiny. That's the take profit trigger.
#cryptotrading #trading #gems #altseason #dyor
⚡ Is Litecoin moving through that first support of $88 like we talked about last week? Hoping it continues to drop into that box over the next few days, that's the area of interest to me 🟪
#cryptotrading #LTC #trading
#cryptotrading #LTC #trading
3 chart patterns all traders need to know
Technical analysis can help judge the price movement of assets. And although chart patterns don't guarantee price action, they can lead to making more informed decisions for when or when not to trade.
Today we're looking at three popular chart patterns:
Double top
Head and shoulders
Diamond top
Double top
The double top is a technical chart pattern that can indicate a potential trend reversal in an cryptocurrency's price action.
It occurs when the price reaches a peak, pulls back, rallies again to a similar level as the previous peak, and then experiences a significant decline.
The two peaks form a resistance level, and when the price breaks below the support level between the peaks, it suggests a possible downtrend is on the way.
Crypto traders often use this pattern to make selling decisions, anticipating further price decline.
Recent BTC double top
This is known as a bearish reversal pattern. It can be difficult to spot because there needs to be confirmation with a break below support level of the neckline.
A double top tends to signal a medium or long-term trend change in a cryptocurrency's price.
Recent INJ double top
Head and shoulders
In technical analysis, the head and shoulders pattern is a common chart formation that can signal a trend reversal in a digital asset's price action.
The chart pattern consists of three peaks - the central peak is the head, and the other two lower peaks are the shoulders.
The neckline, formed by connecting the lows between the peaks, acts as a support level. When the price breaks below the neckline after the formation of the pattern, it often indicates a potential downtrend in price action.
Recent LTC head and shoulders pattern
Diamond top
A diamond top is a trading chart pattern that can occur at or near market tops and can signal a reversal of an uptrend.
This pattern is called a diamond top formation because the trend lines connecting the peaks and troughs carved out by the token's price action form the shape of a diamond.
In technical analysis (TA) a diamond top pattern can indicate a potential reversal in the price of a cryptocurrency.
It forms when the price initially rises to a peak, then starts to fluctuate between lower highs and higher lows, creating a diamond-like shape on the chart.
This pattern suggests that the previous upward trend may be losing momentum and a downward trend could follow.
Zac Colbert, The Crypto Journo
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#crypto2023 #cryptotrading #trading #dyor #crypto
Today we're looking at three popular chart patterns:
Double top
Head and shoulders
Diamond top
Double top
The double top is a technical chart pattern that can indicate a potential trend reversal in an cryptocurrency's price action.
It occurs when the price reaches a peak, pulls back, rallies again to a similar level as the previous peak, and then experiences a significant decline.
The two peaks form a resistance level, and when the price breaks below the support level between the peaks, it suggests a possible downtrend is on the way.
Crypto traders often use this pattern to make selling decisions, anticipating further price decline.
Recent BTC double top
This is known as a bearish reversal pattern. It can be difficult to spot because there needs to be confirmation with a break below support level of the neckline.
A double top tends to signal a medium or long-term trend change in a cryptocurrency's price.
Recent INJ double top
Head and shoulders
In technical analysis, the head and shoulders pattern is a common chart formation that can signal a trend reversal in a digital asset's price action.
The chart pattern consists of three peaks - the central peak is the head, and the other two lower peaks are the shoulders.
The neckline, formed by connecting the lows between the peaks, acts as a support level. When the price breaks below the neckline after the formation of the pattern, it often indicates a potential downtrend in price action.
Recent LTC head and shoulders pattern
Diamond top
A diamond top is a trading chart pattern that can occur at or near market tops and can signal a reversal of an uptrend.
This pattern is called a diamond top formation because the trend lines connecting the peaks and troughs carved out by the token's price action form the shape of a diamond.
In technical analysis (TA) a diamond top pattern can indicate a potential reversal in the price of a cryptocurrency.
It forms when the price initially rises to a peak, then starts to fluctuate between lower highs and higher lows, creating a diamond-like shape on the chart.
This pattern suggests that the previous upward trend may be losing momentum and a downward trend could follow.
Zac Colbert, The Crypto Journo
👍 Like
💬 Comment
🔃 Share
#crypto2023 #cryptotrading #trading #dyor #crypto
💯 Best skill to develop to be a successful trader? Patience.
⛔ Never chase trades.
🧘♂️ If you missed a trade, chill, there will always be more.
🤓 Take the time to research, plan and prepare for your next move.
#cryptotrading #crypto #trading #cryptocurrency #dyor
⛔ Never chase trades.
🧘♂️ If you missed a trade, chill, there will always be more.
🤓 Take the time to research, plan and prepare for your next move.
#cryptotrading #crypto #trading #cryptocurrency #dyor
📊 How to use the fear and greed index to improve your trading:
🟢 Buy when people are fearful - this is when dips occur and can provide low entry points.
🔴 Sell when people are greedy - it's near impossible to time the top, so decide your exit point beforehand.
🌡️ The crypto fear and greed index uses social signals and market trends to determine the overall sentiment of the crypto market, based on bitcoin and other large cryptocurrencies.
#bitcoin #crypto2023 #cryptotrading #dyor #trading
🟢 Buy when people are fearful - this is when dips occur and can provide low entry points.
🔴 Sell when people are greedy - it's near impossible to time the top, so decide your exit point beforehand.
🌡️ The crypto fear and greed index uses social signals and market trends to determine the overall sentiment of the crypto market, based on bitcoin and other large cryptocurrencies.
#bitcoin #crypto2023 #cryptotrading #dyor #trading
🔥 Biggest stories in crypto today 🔥
➡️ Bitcoin Ordinals will bridge Ethereum NFTs with the launch of BRC-721E standard
➡️ Hong Kong opens up to crypto with bullish new web3 whitepaper
➡️ US debt ceiling deal will drop the proposed 30% crypto mining tax
#news #crypto #crypto2023 #bitcoin #NFTs
➡️ Bitcoin Ordinals will bridge Ethereum NFTs with the launch of BRC-721E standard
➡️ Hong Kong opens up to crypto with bullish new web3 whitepaper
➡️ US debt ceiling deal will drop the proposed 30% crypto mining tax
#news #crypto #crypto2023 #bitcoin #NFTs
🧐 You can find potential buying opportunities in the biggest losers on crypto aggregators.
🔎 Check both 24-hour and 7-day timeframes.
🤓 Research each project's fundamentals and review the price action to identify entry points.
🧘♂️ And keep in mind, patience is often the key to success.
🔻The Sandbox $SAND -4.09%
🔻Lido DAO $LDO -3.91%
🔻Flare $FLR -3.48%
🔻Neo $NEO -3.46%
🔻Kava $KAVA -3.08%
#cryptotrading #trading #altseason #dyor #crypto2023
🔎 Check both 24-hour and 7-day timeframes.
🤓 Research each project's fundamentals and review the price action to identify entry points.
🧘♂️ And keep in mind, patience is often the key to success.
🔻The Sandbox $SAND -4.09%
🔻Lido DAO $LDO -3.91%
🔻Flare $FLR -3.48%
🔻Neo $NEO -3.46%
🔻Kava $KAVA -3.08%
#cryptotrading #trading #altseason #dyor #crypto2023
📶 VRA's descending triangle has Verasity looking like it's ready for a breakout. I'm DCAing these dips and filling up my bags 🛍️
#trading #cryptotrading #crypto #dyor #technicalanalysis
#trading #cryptotrading #crypto #dyor #technicalanalysis
📈 I reckon Injective will find support at $7.3 before bouncing off it to climb into that $7.6 - $8.0 area it ranged in at the beginning of the month. That's the area where I'll close my position and exit $INJ for now 👍
#trading #technicalanalysis #cryptotrading #dyor #altseason
#trading #technicalanalysis #cryptotrading #dyor #altseason
⚡$LTC looking strong with the Litecoin halving only a couple of months away now. I'm hoping it retraces back down to $88 or even that lower support of $84 for my entry, before climbing again and reaching a yearly ATH in anticipation of the halving in August.
#litecoin #trading #cryptotrading #crypto2023 #dyor
#litecoin #trading #cryptotrading #crypto2023 #dyor
📊 Another descending wedge in the charts 🧀
Radix's $XRD token is a gem with 100x potential next bull run, and imo getting in at this low entry could mint millionaires in a couple years 🚀
#cryptotrading #trading #gems #crypto2023 #technicalanalysis
Radix's $XRD token is a gem with 100x potential next bull run, and imo getting in at this low entry could mint millionaires in a couple years 🚀
#cryptotrading #trading #gems #crypto2023 #technicalanalysis
💪 Looking at the 1-day candle closure, Ethereum's found solid support at $1.8K. We could be about to see a breakout either way, depends if the bears or bulls dominate as we enter June. And with Bitcoin's dominance decreasing, Ethereum will continue to do its own thing more and more 📊
#Ethereum #ETH #technicalanalysis #cryptotrading #trading
#Ethereum #ETH #technicalanalysis #cryptotrading #trading
🔻 Bitcoin's lost the $26.7K support level over the last few days, seeming to confirm a downtrend following the descending triangle. I think we'll see more blood from here and move towards new support at $25.1K soon 🩸
#BTC #bitcoin #cryptotrading #trading #crypto
#BTC #bitcoin #cryptotrading #trading #crypto
⚡BREAKING NEWS⚡
Crypto wallet provider Ledger will delay the launch of their key-recovery service after backlash. Following criticism from almost the entire crypto community, the company promised to open-source the code for Ledger Recover before releasing the highly controversial update.
#crypto2023 #cryptocurrency #DeFi #crypto #Web3
Crypto wallet provider Ledger will delay the launch of their key-recovery service after backlash. Following criticism from almost the entire crypto community, the company promised to open-source the code for Ledger Recover before releasing the highly controversial update.
#crypto2023 #cryptocurrency #DeFi #crypto #Web3
⬆️ The Week's Biggest Crypto Stories ⬆️
🚨 OVR soars 40% amid Apple VR/AR headset hype. The tech giant leads with hardware that could link mixed reality with the metaverse, helping OVR's price skyrocket.
🚨 EU Council approves MiCA giving clear crypto regulation for Europe. The European Union gives green light to the Markets in Crypto-Assets (MiCA) framework.
🚨 The Bitcoin-Ether correlation is the weakest since 2021. The world's two leading cryptocurrencies moved in tandem for most of 2022, but the relationship has weakened this year, likely down to Ethereum's move from PoW to PoS
🚨 BlockFi liquidates their lending platform. The bankrupt lender announced plans to liquidate citing that a sale of the company wouldn't provide enough capital for its creditors.
#crypto2023 #cryptonews #BTC #bitcoin #ETH
🚨 OVR soars 40% amid Apple VR/AR headset hype. The tech giant leads with hardware that could link mixed reality with the metaverse, helping OVR's price skyrocket.
🚨 EU Council approves MiCA giving clear crypto regulation for Europe. The European Union gives green light to the Markets in Crypto-Assets (MiCA) framework.
🚨 The Bitcoin-Ether correlation is the weakest since 2021. The world's two leading cryptocurrencies moved in tandem for most of 2022, but the relationship has weakened this year, likely down to Ethereum's move from PoW to PoS
🚨 BlockFi liquidates their lending platform. The bankrupt lender announced plans to liquidate citing that a sale of the company wouldn't provide enough capital for its creditors.
#crypto2023 #cryptonews #BTC #bitcoin #ETH
⛔ What is the U.S. debt ceiling? This is a spending limit set by Congress which dictates how much money the government can borrow.
⛔ Failure to raise it past the current cap of $31 trillion would see them defaulting on their debt. The government could not borrow more money or meet existing debt obligations.
⛔ A U.S. government default would be disastrous for both the country's economy and the global financial system. Stock markets could crash, unemployment would skyrocket by 8 million, and many other economies would fall into recession.
⛔ Bitcoin and Altcoin prices might then plummet. With U.S. making up about 10% of worldwide crypto users, the country’s problems present a real threat as crypto users who lose their job may have to sell their holdings prematurely.
#crypto2023 #cryptocurrency #bearish #crypto #dyor
⛔ Failure to raise it past the current cap of $31 trillion would see them defaulting on their debt. The government could not borrow more money or meet existing debt obligations.
⛔ A U.S. government default would be disastrous for both the country's economy and the global financial system. Stock markets could crash, unemployment would skyrocket by 8 million, and many other economies would fall into recession.
⛔ Bitcoin and Altcoin prices might then plummet. With U.S. making up about 10% of worldwide crypto users, the country’s problems present a real threat as crypto users who lose their job may have to sell their holdings prematurely.
#crypto2023 #cryptocurrency #bearish #crypto #dyor
Top 5️⃣ biggest GAINERS over the last 7 days:
✅ Over OVR ^166.7%
✅ Render RNDR ^40.55%
✅ Kava KAVA ^20.61%
✅ Synthetix SNX ^16.50%
✅ Neo NEO ^10.95%
Do you hold any of these winners in your crypto portfolio?
#crypto2023 #cryptotrading #trading #Bullish #marketupdate
✅ Over OVR ^166.7%
✅ Render RNDR ^40.55%
✅ Kava KAVA ^20.61%
✅ Synthetix SNX ^16.50%
✅ Neo NEO ^10.95%
Do you hold any of these winners in your crypto portfolio?
#crypto2023 #cryptotrading #trading #Bullish #marketupdate
⚡ What are BRC-20 tokens?
🐸 $PEPE is an ERC-20 token built on the Ethereum blockchain. Its crazy popularity caused some serious on-chain congestion for Ethereum, resulting in high fees and slow transaction times.
➡️ This gave rise to BRC-20 tokens, which have taken over Bitcoin recently. BRC-20 is a new token standard that allows for the minting and transferring of fungible tokens via the Ordinals protocol on the Bitcoin blockchain.
💥 Since memecoins exploded over the last few weeks, a lot of these new coins are now being minted using the BRC-20 standard.
📊 Remember, memecoins are volatile and although it's proving popular, the BRC-20 token standard is still new and experimental, so traders should invest with caution and practise risk management.
#BRC20 #bitcoin #ordinals #memecoin #crypto2023
🐸 $PEPE is an ERC-20 token built on the Ethereum blockchain. Its crazy popularity caused some serious on-chain congestion for Ethereum, resulting in high fees and slow transaction times.
➡️ This gave rise to BRC-20 tokens, which have taken over Bitcoin recently. BRC-20 is a new token standard that allows for the minting and transferring of fungible tokens via the Ordinals protocol on the Bitcoin blockchain.
💥 Since memecoins exploded over the last few weeks, a lot of these new coins are now being minted using the BRC-20 standard.
📊 Remember, memecoins are volatile and although it's proving popular, the BRC-20 token standard is still new and experimental, so traders should invest with caution and practise risk management.
#BRC20 #bitcoin #ordinals #memecoin #crypto2023
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