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Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto. It enables peer-to-peer electronic cash transactions without intermediaries like banks or governments, operating on a blockchain secured by Proof of Work mining and the SHA-256 cryptographic algorithm.   With a fixed supply cap of 21 million coins and programmatic halvings every four years that reduce miner rewards, Bitcoin is designed as a deflationary digital asset often called "digital gold." Its value stems from solving the double-spending problem without trusted intermediaries, creating the first truly scarce digital asset with censorship resistance and permissionless access that no government, corporation, or individual can control.  Bitcoin operates as a decentralized peer-to-peer network where transactions are recorded on a public ledger called the blockchain, distributed across thousands of computers globally. Transactions are grouped into blocks added approximately every 10 minutes through mining, where specialized computers compete to solve complex mathematical puzzles.   Bitcoin has achieved mainstream adoption through multiple vectors. The January 2024 SEC approval of 11 spot Bitcoin ETFs opened Bitcoin investment to traditional finance participants, and corporations like Strategy (formerly MicroStrategy) are using Bitcoin as a treasury reserve asset to protect against currency debasement, offering MSTR holders amplified exposure to Bitcoin.   The Bitcoin ecosystem continues to evolve with innovations like Ordinals, which emerged in January 2023 to enable NFT-like functionality directly on Bitcoin, and BRC-20 tokens, an experimental standard for creating fungible tokens using Ordinal inscriptions. BTCFi (Bitcoin Finance) represents emerging financial applications extending beyond Bitcoin's traditional role, with protocols like Babylon allowing Bitcoin holders to stake BTC to secure Proof of Stake chains.

Bitcoin

Bitcoin is facing downward pressure, sparking discussions about key support levels and whether a larger correction is underway. Community sentiment is mixed, with some anticipating a bounce while others fear further declines and potential liquidations. The conversation includes speculation about market manipulation, the influence of macroeconomic factors, and the potential impact on related crypto stocks.

Ripple is the catchall name for the cryptocurrency platform, the transactional protocol for which is actually XRP, in the same fashion as Ethereum is the name for the platform that facilitates trades in Ether. Like other cryptocurrencies, Ripple is built atop the idea of a distributed ledger network which requires various parties to participate in validating transactions, rather than any singular centralized authority. That facilitates transactions all over the world, and transfer fees are far cheaper than the likes of bitcoin. Unlike other cryptocurrencies, XRP transfers are effectively immediate, requiring no typical confirmation time.  Ripple was originally founded by a single company, Ripple Labs, and continues to be backed by it, rather than the larger network of developers that continue bitcoin’s development. It also doesn’t have a fluctuating amount of its currency in existence. Where bitcoin has a continually growing pool with an eventual maximum, and Ethereum theoretically has no limit, Ripple was created with all of its 100 billion XRP tokens right out of the gate. That number is maintained with no mining and most of the tokens are owned and held by Ripple Labs itself — around 60 billion at the latest count.  Even at the recently reduced value of around half a dollar per XRP, that means Ripple Labs is currently sitting on around $20 billion worth of the cryptocurrency (note: Ripple’s price crashed hard recently, and may be worth far less than $60 billion by time you read this). It holds 55 billion XRP in an escrow account, which allows it to sell up to a billion per month if it so chooses in order to fund new projects and acquisitions. Selling such an amount would likely have a drastic effect on the cryptocurrency’s value, and isn’t something Ripple Labs plans to do anytime soon.  In actuality, Ripple Labs is looking to leverage the technology behind XRP to allow for faster banking transactions around the world. While Bitcoin and other cryptocurrencies are built on the idea of separating financial transactions from the financial organizations of traditional currencies, Ripple is almost the opposite in every sense.  XRP by Ripple price can be found on this page alongside the market capitalization and additional stats.

Ripple

XRP is trending downwards as the crypto market experiences a broad sell-off, leading to community discussions about potential bottom prices and whether it will decouple from Bitcoin. Traders are debating the impact of recent ETF launches and the broader market's volatility, while long-term holders remain optimistic about XRP's future utility despite short-term price declines. Some community members are also expressing frustration and disappointment.

Ethereum is a global, open-source platform for decentralized applications. In other words, the vision is to create a world computer that anyone can build applications in a decentralized manner; while all states and data are distributed and publicly accessible. Ethereum supports smart contracts in which developers can write code in order to program digital value. Examples of decentralized apps (dapps) that are built on Ethereum includes tokens, non-fungible tokens, decentralized finance apps, lending protocol, decentralized exchanges, and much more.  On Ethereum, all transactions and smart contract executions require a small fee to be paid. This fee is called Gas. In technical terms, Gas refers to the unit of measure on the amount of computational effort required to execute an operation or a smart contract. The more complex the execution operation is, the more gas is required to fulfill that operation. Gas fees are paid entirely in Ether (ETH), which is the native coin of the blockchain. The price of gas can fluctuate from time to time depending on the network demand.

Ethereum

Ethereum is trending downwards as traders debate whether it's a temporary dip or a sign of a larger correction, with some pointing to potential market maker liquidations and others citing broader economic concerns. The community is actively discussing key support levels and whether oversold conditions might lead to a bounce, while monitoring commentary from figures like Tom Lee. Broader narratives around crypto's long-term potential and its decoupling from traditional markets are also fueling the conversation.

Bitmine Immersion Technologies, Inc. is a blockchain technology company, which engages in industrial scale digital asset mining, equipment sales, and hosting operations. It operates through the Cryptocurrency Mining Industry segment. The company was founded on August 16, 1995 and is headquartered in Las Vegas, NV.

BitMine Immersion Technologies Inc

Bitmine Immersion Technologies Inc

BMNR is trending downwards as crypto markets experience broad weakness, leading to concerns about the company's Ethereum holdings. Community members are debating the influence and accuracy of predictions from figures like Tom Lee, with some expressing frustration and financial strain. Discussions also include potential impacts from broader economic factors and speculation about the company's upcoming earnings report and strategy.

Invesco Capital Management LLC - Invesco QQQ Trust Series 1

The QQQ is seeing heightened volatility as traders grapple with mixed signals, including AI optimism versus concerns about stretched valuations and a potential tech bubble. Community chatter highlights the impact of Fed commentary and economic data on rate cut expectations, with some suspecting market manipulation. Overall, the focus is on whether the current dip presents a buying opportunity or signals a deeper correction.

Strategy, Inc. engages in the provision of enterprise analytics and mobility software. The firm designs, develops, markets, and sells software platforms through licensing arrangements and cloud-based subscriptions and related services. Its product packages include Hyper. The company was founded by Michael J. Saylor and Sanjeev K. Bansal on November 17, 1989, and is headquartered in Vienna, VA.

Strategy Inc. - Ordinary Shares - Class A

Strategy

MSTR is trending as investors assess its correlation to Bitcoin amid a recent crypto market downturn, with some anticipating a sharp rebound due to oversold conditions. Community discussions revolve around potential short squeezes and whether the company's leveraged Bitcoin strategy poses a significant risk, especially with concerns about potential index exclusions and debt obligations. Overall, the debate centers on MSTR's future tied to Bitcoin's volatile price movements.

SSgA Active Trust - SPDR S&P 500 ETF Trust

The $SPY is experiencing volatility as traders react to a broad market downturn, with some citing concerns about potential AI bubble and influence of crypto sell-offs. Community members are actively debating whether this is a buying opportunity or the start of a larger correction, while also discussing potential impacts of economic data and geopolitical factors. Discussions include VIX levels, technical indicators, and the possibility of a year-end rally.

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU) and Compute & Networking. The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, Quadro and NVIDIA RTX GPUs for enterprise workstation graphics, virtual GPU, or vGPU, software for cloud-based visual and virtual computing, automotive platforms for infotainment systems, and Omniverse Enterprise software for building and operating metaverse and 3D internet applications. The Compute & Networking segment consists of Data Center accelerated computing platforms and end-to-end networking platforms including Quantum for InfiniBand and Spectrum for Ethernet, NVIDIA DRIVE automated-driving platform and automotive development agreements, Jetson robotics and other embedded platforms, NVIDIA AI Enterprise and other software, and DGX Cloud software and services. The company was founded by Jen Hsun Huang, Chris A. Malachowsky, and Curtis R. Priem in April 1993 and is headquartered in Santa Clara, CA.

NVIDIA Corp

NVIDIA ($NVDA) is trending as investors grapple with conflicting narratives following strong earnings, including concerns about AI bubble risks, circular revenue, and potential government intervention. Community discussions focus on significant price volatility, potential market manipulation, and differing analyst opinions, as well as the impact of broader market factors like Bitcoin's performance and Fed policy speculation on the stock's trajectory.

Micron Technology, Inc. engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU). The CNBU segment includes memory products and solutions sold into client, cloud server, enterprise, graphics, and networking markets. The MBU segment is involved in memory and storage products sold into smartphone and other mobile-device markets. The EBU segment focuses on memory and storage products sold into automotive, industrial, and consumer Markets. The SBU segment consists of SSDs and component-level solutions sold into enterprise and cloud, client, and consumer storage markets. The company was founded by Ward D. Parkinson, Joseph Leon Parkinson, Dennis Wilson, and Doug Pitman on October 5, 1978 and is headquartered in Boise, ID.

Micron Technology Inc.

Micron Technology Inc

Micron Technology ($MU) is trending amid discussions around memory prices, driven by AI data-center demand, and anticipation for Nvidia's earnings report. While some analysts are raising long-term growth targets, others express caution about a potential pullback after the stock's significant year-to-date gains. Community members are actively debating whether to buy the dip or brace for a correction, influenced by mixed signals and upcoming industry events.

BlackRock Institutional Trust Company N.A. - iShares Russell 2000 ETF

iShares Russell 2000 ETF

IWM is trending as traders assess recent market volatility and look for potential downside, highlighted by significant put buying. The ETF's performance is being closely watched amid concerns about a broader market correction and the impact of interest rate decisions. Community discussion includes analysis of technical levels, potential support areas, and the influence of broader market factors like Nvidia earnings.

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NASDAQ has a gap up today. Is it a common gap or a measuring gap or break-away gap? This is something younger chartists need to understand per Edwards and Magee (and Schabacker) $NQ_F

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$NQ_F MNDY 🐑 suck in????   Even during 🐒🍌🧠⏰♾️????

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NASDAQ has a gap up today. Is it a common gap or a measuring gap or break-away gap? This is something younger chartists need to understand per Edwards and Magee (and Schabacker) 

Peter Brandt

@PeterLBrandt happy to see you posting here.

if you’re still spending time in MN, we’d love to see you stop by a CMT event.

 happy to see you posting here.

if you’re still spending time in MN, we’d love to see you stop by a CMT event.

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@PeterLBrandt 

Break Away gap for the win 💥

Bobo

@PeterLBrandt I vote breakaway based on negative sentiment.

 I vote breakaway based on negative sentiment.

Celllow

@PeterLBrandt it depends on what is the probability of that dotted resistance line holding! If I look at long term resistance line (which is not in your chart) then we are at runaway gap. On Qs we had a gap up on Friday as well - it is back to back gap ups!

 it depends on what is the probability of that dotted resistance line holding! If I look at long term resistance line (which is not in your chart) then we are at runaway gap. On Qs we had a gap up on Friday as well - it is back to back gap ups!