Technically Speaking – July 29, 2022

This is more of a ‘sneak peak’ into something new you’ll be seeing in the Litepaper – and possibly in the crypto streams on StockTwits. 

Knowing what cryptocurrencies are leading or lagging the market is important – but I also want to know what ‘sectors’ are leading and lagging. Unfortunately, many sites and services offer a juiced-up version of an Excel spreadsheet, but nothing graphical.

I’m a visual person. I was the kid who wanted pictures in the books versus just a bunch of pages with stoopud wurds. 

I’ve created several custom indices for the cryptocurrency market. Those indices are Top 10, Yield Farming, Privacy, Proof-of-Work, Proof-of-Stake, Metaverse, DeFi, DEX, CEX, and Altcoins. Others will be added – I would love to hear your suggestions!

The indices are comprised of the top 10 cryptocurrencies by market cap in their category and are rebalanced monthly. I use the professional technical analysis software, Optuma, to create a Relative Rotation Graph which then displays how the indices are performing. 

The image above won’t be the one we’ll end up using – the team of artists here at StockTwits who know how to make awesome fire-blingy-looking graphics will make it look better soon. 🎯

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Crypto YouTuber Sues Another YouTuber

Controversial crypto influencer Ben Armstrong (BitBoy) is suing another YouTube influencer, Atozy for defamation. According to the filing in the United State District Court for the Norther District of Georgia, Atozy is accused of defamation, infliction of emotional distress, and tortious interference with business relations or potential business relations. 

Atzoy was served at his home and took to YouTube. He opened a GoFundMe to help provide for his defense against BitBoy’s lawsuit. So far, $52,124 is raised, with an anonymous $25,000 donation as the biggest.

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