Uncategorized

September 8, 2023

It’s Looking Quite Dumpy Out There

Without going into too much detail, let’s look at how some of the crypto charts look as we transition into the weekend. 

Bitcoin

BTCUSD Daily Chart – Click to enlarge.

$BTC‘s daily chart looks pretty dumpy – it looks poised for another breakdown. And if you remember looking at last Friday’s Technically Speaking, the next major support level for Bitcoin is on the weekly Ichimoku chart at $20,781. 

Polygon

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Technically Speaking – December 1, 2023

December 1, 2023

MATICUSD Daily Chart – Click to enlarge.

The lowest daily close for $MATIC in 14 months is in the cards – it looks dumpy. 

Cardano

ADAUSD Daily Chart – Click to enlarge.

A king amongst dumpy-looking charts is $ADA‘s. Oof is all I gotta say. It’s looking pretty close to hitting new 2023 lows and new 2-year lows. Dumptastically dumpy. 

Litecoin

LTCUSD Daily Chart – Click to enlarge.

Nothing light about the dump $LTC may make here.

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BTC And ETH Get A Brazilian Banking Buddy: Itau Unibanco

Brazil’s largest lender, Itau Unibanco, has rolled out a cryptocurrency trading service, initially spotlighting $BTC and $ETH. This move marks the bank’s grand entrance into the bustling world of digital assets. 🏦

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July 19, 2023

Bitcoin’s Hash Rate More Than 6x’s In Two Years

Bitcoin’s hash rate has been on a tear, with a staggering 600% increase in just two years. 😲

The hash rate, which measures the processing power of $BTC‘s network, has been on a steady upward trajectory, indicating a robust and healthy network. This increase is a testament to the growing number of miners joining the network, despite the market’s volatility.

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