Don’t measure movement in crypto by purely crypto types of analysis.

It is gone. As Black Rock and major funds joined the market, it behaves now very much as any other dollar alternative.

Today’s $BTC move was triggered by the unemployment rate in the USA. Same trigger that moves gold. Or any other « safe » and « deflationary » asset.

We are entering an era of a traditional market for the #BTC . There is a very good chance this asset will drive more and more attention as traditional markets are on a verge of a crash (such as heavily refinanced real estate)

I DCA heavily on each dip. But that’s not an investment advice. Just my personal choice

$AGIX update:

« We are excited to announce that the supermajority of AGIX token holders has approved the Artificial Superintelligence (ASI) Alliance proposal. »

So as we expected, there most likely will be a merge into ASI coin.

I’d say recommend price for $AGIX purchase is around $0.5, and while it sounds unlikely to go back that low, if you don’t keep it since that price, I personally would not jump in till the #BTC correction is over.

And BTC stabilization or clear direction is only possible after the halving occurs.

As for the $FET in which AGIX and $OCEAN will be merged, it’s « safe » purchase price is around 0.86. However, not necessarily ASI behavior will copy FET performance.

Update on SingularityNET ($AGIX ):

“We are excited to announce a partnership with Yunity to generate over $1 billion USD in funding for beneficial AI and deep tech solutions for humanity.”

Yunity is a venture capital. Singularity is a relatively small AI dev company with ambitions vision.

Do not misunderstand it, the funds won’t go directly to support Singularity, their CEO just joins forces with Venture Capital to rise enough money that can support numerous startups developing AI, Web3, Robotics, Spatial Computing, and Quantum tech.

But what it says from the trading perspective, is that there will be much more money poured into blockchain and #AI narrative will most likely continue gaining strength.

Few takes on the current market situation after that painful drop📉

#BTC is very likely to go lower. And here is why: RSI (which indicates whether asset is oversold or overbought) on a daily graph is at 49 level. That means, that despite the drop, it is comfortable price for the asset given its recent behavior.

Very sharp drop of alts is a good hint on the overall market sentiment. The reason why I read that as a bearish signal is because most of the altcoins are just the reflection of the public expectation from the $BTC .

From the fundamental perspective, we see more and more whale transfers, primarily of $ETH from their cold wallets to the exchanges. Usually this signifies an intention to sell.

ETH and BTC are basically twin brothers, massive ETH selling means an expectation of BTC to drop more.

There are however mixed forces from the economic perspective. Increasing uncertainty driven by the situation on the Middle East can push more people to invest into digital assets.

Halving, from another hand, can result in selling in a short term.

I don’t give financial advices, but my personal strategy is to keep money in stable coins with decent APR during this turbulence, and wait for the market to stabilize. Margin trading is a great way to liquidation at this stage.

Hopefully you find it useful

Thanks to @cryptosarcasm for the inspiration

Few points I feel are important to stress regarding #BTC :

1. This is very bad entry point now, whether you believe that it will crash or soar.

Further growth is doubtful as price could not surpass 70+K levels for already quite a long time. Buying next to ATH is too optimistic.

There is no any strong selling signal as well at this moment.

Sale is below 62000, while for the strong buy it is above 73000.

2. Same is true for alts - they follow $BTC and thus to predict direction now is very challenging

3. Interest rates won’t affect BTC at all. If there is a cut from 15% to 10% - yes, it will affect the investor’s choice. 0.2% won’t. I also assume that people who buy BTC chasing high returns given all the risks, will ignore bank savings as an alternative option. So no capital redistribution here.

4. Halving consequences are unpredictable as well. Two forces here: one- decrease in supply and overall optimism. Second - possibility of massive selling (according to JP Morgan, I doubt it) from miners.

5. Most likely post-halving growth, if all the historical conditions repeat themselves, will be only 150-170% from the pre-halving price.

Hopefully you find it useful

#BTC does not look that promising anymore and here is why:

1. It had high around 73K. Next high was around 70K. And now price is struggling around 69K. These decreases in highs often times signify upcoming strong move downward.

2. Price slow down usually results in profit withdrawals to redistribute the investment- and this might happen any moment as optimistic sentiment decreases.

3. It takes $BTC few days to go up and the movement downward looks faster than the movement up. Another sign of exhaustion.

4. Market capitalization declines from March 31-st and came down from 1.39 to 1.34

It is important to remember that altcoins do not exist separately from the major currencies and overall sentiment regarding them very much depends on BTC, so taking profits is maybe not a bad idea at this point.

The most dangerous thing that can happen is short-time break out followed by rapid decline - watch your positions carefully.

Hopefully you find this useful

You have probably seen that copy paste articles saying that JP Morgan predicts $BTC price to reach $53K and then $42K AFTER the halving.

My eyes bleed when I read JP report. Here is their logic: mining price will increase. Miners anyway sell #BTC for fiat to maintain operation.

So as now it is too expensive to mine, there will be less miners, and those who are out of the game will sell BTC as they are out of the business.

This is at least an attempt to translate logically the BS they wrote. Their report is the worst nonsense I’ve seen saying that asset price will drop because…

IT IS MORE EXPENSIVE TO GET. And less competition in mining. And increasing institutional demand. Basically all the signs of increased demand with reduced supply that always result in insane price increase.

They rely on dependency between hash price (mining price for the simplicity) and BTC price. If you look at charts- there is no really any correlation. Hash price can fluctuate up, BTC can go down at the same time and visa versa.

Or generally there is very high positive correlation - BTC went up and so did hash price.

I really assume $BTC might hit $59K, and even $42K because these are strong support levels on the chart, and prices tend to retest, and BTC needs some air off to get back to a healthy uptrend.

But their explanation is nonsense no matter what.

Hopefully you find it useful

I see quite a few articles saying that AI coins dropped due to a merge news (AGIX , $FET and $OCEAN famous merge into ASI)

Like if they exist in some vacuum. The reason why coins drop is because #BTC corrects.

As I mentioned before, $AGIX has 85% correlation with BTC price, meaning it pretty much repeats BTC movement with certain amplitude. And in a pre-halving market another scenario is barely possible (underrated gaming coins are an exception)

Confidence in major currencies boosts the overall market optimism and visa versa.

For AI coins to earn some independence, market money should significantly be reallocated away from BTC or AI companies behind the coins should come up with products as big as ChatGPT. Or AI narrative should get so strong that general public will start showing an interest specifically in AI coins.

None of this will happen anytime soon. Some reallocation might happen after the halving event, and BTC increase, where it feels like there is no more space for the major coins to grow.

Hopefully you find it useful

Market corrects. That’s healthy.

#BTC to $35000 (saw this random number in a couple of posts) is as realistic at the current price, as $BTC reaching $120K in couple of weeks.

Barely possible. However, from this point it can easily move down to USD 62K or go back to USD 70K.

While I assume it might correct more, this is not necessarily gonna happen.

When market looks like it can develop speed in both directions- the best thing to do is just wait and for sure disregard your inner FOMO for any type of margin trading.

Healthy strategy for spot trading (keeping in mind long term) is to spread amount for the repurchases at different possible deeps, however keeping in mind further support levels.

63700, 61500, 58400 are realistic levels to watch if correction continues.

According to the indicators, BUY signal is still there, but it gets weaker, and on a shorter timeframe it is 50/50 game.

Hopefully, you find it useful

Unpopular opinion warning

According to some statistics, 80% of traders fail. Yearly gains of successful traders in a long run are 20-36% .

#USDT APR is 15-20% during the bull run, and you need 0 effort. 0 knowledge. Plus you can use the power of a compound interest, and see quite high returns with the time.

Is it totally risk free? No. USDT can can fluctuate in value compared to USD (lose the peg), interest rate can decrease quite a bit during bearish market, not to mention all the risks associated with crypto world in general.

But compared to impulsive money burning buying random coins with leverage which will anyway, according to the stats, end up in a long run with losses, sounds like a solid plan.

#HotTrends

$SOL network faces security issues with user wallets being drained to 0

While this did not affect the price of the #SOL , or meme coins, company asked users to disconnect their accounts on the network from all the third party applications.

It seems, trading bots created a window for hackers to successfully steal user funds from their wallets.

Most likely, the issue is related to the Telegram bot, called BONKbot, and users that previously extracted their private keys and used this bot seem to be affected (there is no final confirmation on the cause of the accounts drain).

However, also accounts that has never used the bot, were robbed.

This is not the first time it is happening to Solana ecosystem, which again should remind crypto investors that high returns are associated with high risks, among which the most basic one- security issues.

Stay safe

#Memecoins #TrendingTopic

What will happen if $FET $AGIX and $OCEAN will be merged into ASI?

Here is my take on it as banking risk manager:

👉🏼Most of the short-term growth will be included in a pre-merge movement.

I think so because I saw it so many times with stocks: when public is expecting very bullish report from a company, price jumps prior to the official statement just enough to barely move after. Or move and correct back.

👉🏼 As merge will occur, the question is how many of the investors will decide to keep the new coin, and don’t sell it when it slows down or corrects.

👉🏼Issuing price is around FET price which is close to the psychological price of $3, and it will probably rise, and then go down.

The problem is, as coin is new, and there is no history - nobody will be capable of predicting support and résistance levels, and panic might take over.

👉🏼In a long run I see it as very bullish sign simply because the merge will speed up actual product development.

Also, it reduces the competition. In a healthy economy reduction of the competition results in price increase. It will be one of the most powerful AI coins, and if an attraction to the AI narrative holds, demand will increase.

#HotTrends #Write2Earn

🚨Breaking News in the AI Narrative 🚨

SingularityNET ($AGIX ) are merging with Fetch.ai ($FET ) and Ocean Protocol ($OCEAN ) to create a powerful alliance.

Combined Value of these AI tokens is USD$7.6 billion as of March 26, 2024

Moreover, this all together will be a single capital that will be represented by a new coin called ASI.

That still has to be approved by voting, however :

« If the proposal receives majority approval from the respective communities, the following will occur:

-FET will be rebranded as ASI, with a total supply of 2.63055 billion tokens
-AGIX tokens migrate to $ASI, at a conversion rate of 0.433350:1
- OCEAN tokens migrate to $ASI, at a conversion rate of 0.433226:1
- If the FDV of all three tokens as of March 26, 2024 were carried over fully into ASI, it would have a total combined FDV of $7.6 billion USD. »

Fasten your sit belts, ladies and gentlemen

#HotTrends

What ROI can you expect investing in coins if they reach ATH again?

👉🏼$SOL is the fastest growing coin, it ranged from $0.55 to $260 throughout its history. With current price of $180 it is has just 44% increase from its current price till its ATH

👉🏼$ETH has just 34% to its ATH

👉🏼#FTM not just one of the best performing coins with strong fundamentals (as they are coming with new products improving crypto transactions), but it also has still 200% run till its ATH

👉🏼$AGIX is 59% far from its ATH of $1.8. With all the buzz around AI+ new regulations that target to shift AI ownership from a few companies towards more open approaches, the narrative itself has great potential

👉🏼#PEPE is just 25% from its ATH price of $0.00001. Maybe a bit too late and too risky to jump in

👉🏼JASMY is far from its ATH by almost 23000%. It is important to notice though, that coin was issued in 2021, reached 4.8 (it’s current price is around 0.021) in approximately a month, and then started to drop without any significant recovery periods, so dyor

#HotTrends #Write2Earn

SingularityNET ($AGIX ) are actively working on human-level AI and they progress

👉🏼Company published an update on their ambitious aim to improve AGI and head to ASI as the next step

👉🏼AGI stays for artificial general intelligence - this is pretty much an ability of the machine to understand the task and solve it. Very much like a human. ChatGPT is a good example of that

👉🏼ASI is artificial super intelligence. It is when machine has thinking capabilities way above human level.

👉🏼Good but nerdy example would be that machine will be able to, for example, solve our struggles with quantum physics or invent efficient transportation methods we haven’t thought about

👉🏼Singularity actively interact with OpenCog Hyperon- open source platform. What it aims to do - it reduces limitations that make AI pretty limited and stupid today

👉🏼If these limitations will be eliminated, AI will not need us anymore to further develop itself (kinda scary)

👉🏼What is important, that this cooperation can allow Singularity to come up faster with their ambitious products

👉🏼Will it boost #AGIX ? Directly there will no be measurable effect anytime soon. Why is that important ? As BTC is the coin of freedom, we owe AI today to many companies who use it to manipulate us for profits.

Big open source decentralized AI projects target to solve exactly that - make AI transparent, democratize it.

And that is why AI narrative will gain popularity not just based on some buzz words, but the natural human desire of freedom.

#Write2Earn‬ #HotTrends

In this correction some coins perform totally unexpectedly 😳

👉🏼$FTM is very strong, and goes back to the psychological level of $1. I can easily see it reaching $3 faster than expected

👉🏼$AGIX on the contrary, weakened, let’s see how the AI narrative will shift with upcoming lawsuits against OpenAI and sudden drop of NVIDEA shares

👉🏼$JASMY has a strong support level at 0.017, while it was expected to be lower, if you keep this coin with shorter term in mind- I’d look for another favorite if it goes below that level. It still looks bullish though

👉🏼#LTC took a wide range from approximately $70 to $100+ and I would suggest to avoid trading in range, as it still might move. I assume price that it will more or less settle around is $90

👉🏼#XRP despite the significant interest and high trading volumes is quite weak. It might be pushed artificially, short term trading is dangerous here

#HotTrends

🚨#FTM Update🚨

$FTM holding value while #BTC dropping

👉🏼Despite the fact, that $BTC surges down, FTM still holds value above its support level, and seems to be bouncing from 0.76

👉🏼Most of indicators are still bullish regardless the volatility

👉🏼Pivot point that would signal reversal trend is around the same 0.73 level - in a case price contentiously holding below the level

👉🏼$1 is a psychological price. Each time asset reaches the level of a psychological price, usually it is accompanied by taking profits , which results in a correction

👉🏼The fact that drop speed is quite limited while the latest correlation with BTS was around 87%, it is safe to assume that coin has potential in a long run

👉🏼RSI is still above 70, and trading volume increased in the last two days, which is another indication of the investors expectations

#Write2Earn‬

🚨Breaking news:

OpenAI Sora’s CTO fails to provide an explanation on the training data🚨

👉🏼CTO of Sora’s foundation, Mira Murati, in an interview was directly asked what data was used to train Sora

👉🏼To build high quality generative AI model, that is capable of creating videos, the training set should be massive

👉🏼It is very expensive and legally challenging to collect such a data set

👉🏼Murati claimed they used licensed and publicly available data, however failed to answer whether they used YouTube or Shutterstock

👉🏼There is NO WAY on the earth that CTO is not familiar exactly with the data and ways of it processing , and this story does not look good

👉🏼Most likely they just did scrapping over everything they could- whether it is legal or not

👉🏼OpenAI did that over all websites, no ethics, including stolen code of better performing data pipelines - I’m confident they took code from an open AI community in 2020

👉🏼Elon Musk is filing a lawsuit against OpenAI as they used a positioning of open source non-profit organization to just train their data and sell commercially to Microsoft

👉🏼OpenAI will find themselves in a number of lawsuits and this might affect GAI industry in general

👉🏼These are rather good news for the decentralized AI where more ethical and open ways to create useful algorithms can lead to a growing popularity

However, in a short term, that might affect the narrative. Watch $AGIX $FET $RNDR

#HotTrends

$AEVO Tech+Fundamentals

👉🏼This is coin from the company that basically allows trading derivatives (options, futures and other margin products)

👉🏼The difference is the speed of execution they suggest and convenience by the ability to trade different products in one platform

👉🏼As per claim by #AEVO , they have team of guys who understand thing or two about the trading:

“The Aevo team comes from companies such as Coinbase, Kraken and Goldman Sachs, and institutions such as Stanford, MIT and Cornell.”

👉🏼Current total volume traded of their products is $10B, with current interest open >$50m

👉🏼People love margin trading, if they really suggest convenient trading environment accompanied with good execution time, minimal slippage etc, it has great potential

👉🏼The coin itself is new with regular performance of the newly issued coin. Went to ATH, dropped, and repeats BTC . Nothing extraordinary- to my taste, too early to jump on

👉🏼While chart is too fresh, it still looks like coin has good space for the further decline. If BTC corrects further - AEVO will follow the pattern

Not a trading advice: I’d wait better entry price

$BTC is dropping 😱

Technical review for the #BTC :

👉🏼Indicators still show weak positive for the shorter term, and positive ⬆️ for the medium and long term

👉🏼RSI is above 70. In case of BTC this might indicate that it is overbought at the current price

👉🏼 RSI diverges negatively against the price, which indicates danger of a further reaction downwards

👉🏼The real strong support is at level of approximately $40K, and Black Rock predicted $42K, but it is too early to confirm such scenario

👉🏼Pivot point for the short term downtrend is at $66K

👉🏼Target up is $73K, and target down- $62K

👉🏼Investors took profits, which resulted in a correction. Usually big TP volumes lead to the panic stage, where others see the decrease, and also sell, pushing price down.

👉🏼So far what we see is a just a correction within the uptrend

#HotTrends