$TOTAL market capitalization of #cryptocurrencies is still under pressure. $1 trillion and the 200-week MA couldn’t be reclaimed, now $922 and $913 billion needs to hold to prevent further fuel for sellers.
It is, what it is. And it’s a stage 4 downtrend.
#Goldprice further under pressure and target hit. Lowest since April 2020 and a weekly close below the 200-week MA would be the first since December 2018.
Inflation hedge? Not as a non-yielding assets during economic uncertainties and rate hike cycles.
#XAUUSD
The US shale industry has warned it cannot rescue Europe with increased oil and gas supplies this winter. “There’s no bailout coming. Not on the oil side, not on the gas side.” https://t.co/Qb7ARqozrF
🚨 Ethereum has moved from PoW to PoS. Upgrading to Casper consensus improves security and decreases ETH issuance on mainnet. Ethereum validators will now earn transaction fees and MEV rewards in addition to block subsidies. Look forward to more Foundry ETH announcements soon 👀
And we finalized!
Happy merge all. This is a big moment for the Ethereum ecosystem. Everyone who helped make the merge happen should feel very proud today.
Estimated Time of #ETHmerge Around The World 🌎
🇺🇸 Miami 1:00 EDT
🇺🇸 San Francisco 22:00 PDT
🇨🇦 Vancouver 22:00 PDT
🇲🇽 Mexico City 00:00 CDT
🇬🇧 London 06:00 BST
🇩🇪 Berlin 07:00 CEST
🇫🇷 Paris 07:00 CEST
🇳🇱 Amsterdam 07:00 CEST
🇸🇮 Ljubljana 07:00 CEST
🇦🇪 Dubai 09:00 GST
No #BehavioralBriefing today. Instead, I encourage you to check out my 🧵 from earlier today about the #EthereumMerge, which is now under 12 hours away 🔥
(01/19)With the #EthereumMerge less than 24h away, it's about time to look at the state of #ETH before this historic moment for the network. Let's dive into some #onchain and Futures data, sentiment, and a bit of price action.
👇👇👇👇👇
Looks like the "hashrate will drop weeks before the merge due to miners rushing to sell ahead of everyone else" thesis has been proven completely false.
I'm a bit surprised! I argued against a 50% drop but definitely expected like 5-10%.
Natural Gas recovers to retest the breakdown level at around $8.82. Volatility in #commodities is likely extending due to increasing energy demand uncertainty in #Europe.
The EU tries to curb surging energy prices. Appreciating Natural Gas Futures is not what they want to see.
#TradFi in fear.
Clean rejection from a Fear & Greed Index reading of 50, with a rising #VIX above its 50-day MA. There’s more room for #sentiment to drop further and the VIX to climb —> market participants would experience more pain.
In any case: have a plan and trade your plan. Act according to your risk management, eliminate the noise, and act based on clear rules. Stay safe, and if you liked that content, consider liking and retweeting ❤️
(01/19)With the #EthereumMerge less than 24h away, it's about time to look at the state of #ETH before this historic moment for the network. Let's dive into some #onchain and Futures data, sentiment, and a bit of price action.
👇👇👇👇👇
(01/19)With the #EthereumMerge less than 24h away, it's about time to look at the state of #ETH before this historic moment for the network. Let's dive into some #onchain and Futures data, sentiment, and a bit of price action.
👇👇👇👇👇
(19/19)Long-term, on the other hand, I hold on to my #ETH and enjoy staking rewards. Fundamental developments tend to get reflected by the price in a delayed manner. Patience, discipline, emotional detachment - that's what I practice, therefore.