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The most popular way investors look at charts and it's flaw [SERIOUS]
Cryptocurrency Market Update - October 02 2023
Cryptocurrency Market Update - October 02, 2023
Bitcoin's Move Below 20-DMA Possible Short-Term Bearish Signal
While we have indeed flipped many indicators bullish since last month, there are still some major tests remaining. Don’t get too excited too soon.
We are once again seeing a growth in the New Addresses metric after nearly two years (!)of slower or negative growth. This is quite bullish.
Rugpulls in Crypto market and how exchanges are trying to protect their users from Rugpulls
Bitcoin's hash ribbons have flashed a buy signal for the first time since August 2021, marking the end of a 2+ month-long period of miner capitulation and deep pressure on miner's margins
The crypto market experienced a relief rally over the last week. Will the short-term momentum spark a further rally or is the weight of the current macro environment too heavy to overcome? Let's look at the data.
Here are two indicators that worked pretty well in the past - is the bottom already in?
Mentions
Why? Bitcoin price is typically above the 200 day moving average. There has only been 5 times when Bitcoin price dropped below the 200 DMA and usually indicates a bull market. How? Look at the trend line on a chart. Google “Bitcoin 200 day moving average chart” and then compare the Bitcoin price to the 200 DMA.
I feel nothing any more, bring it on... Looking to bottom at 59K (0.618 Fib) or 57K (50 DMA). If lower, even better. BTW. Growing your own weed will be legal in Germany from April 1st.
The long pattern is still intact because of this short term pullback, we are bouncing around the 350x2 DMA for those who care about technicals. Very bullish turkish …, its a multi month setup
It does not forecast the top because it depends on how quickly price moves up. The indicator flashes when the 111 DMA meets the 350 DMA. IT has been accurate to within 3 days of the top the last 2 cycles.
Sounds like someone born in a post plug n play era would say. You missed out on the fun of manually configuring DMA, IRQ, and IO ports for those fun expansions card and peripherals.
What is the 200DMA on a Big Mac?
S&P crossed the 200 DMA to the negative, buckle up, will money move to BTC as a hedge?
BTC 200 DMA is just above $28k now..see if BTC holds it!
I bought some at $57k. But really bought low points. Average is like $3k below where we're at. DCAing around 200 DMA
Up 27,1k ripping through all over leveraged shorts. Then supply will decide whether it continues to 28k or drops below 50DMA It’s honestly that simple at least for today and this week
TOTAL3 is the market cap for alts. TOTAL is all crypto, TOTAL2 is all crypto excl BTC, TOTAL3 is all crypto excl BTC and ETH. TOTAL3 is what you need to follow to know what's happening with money moving into the alt market. The natural movement of money is TOTAL to TOTAL2 to TOTAL3. So essentially money rotates from BTC to ETH to alts...when it gets to alts it is what is known as an alt season. DMA is Daily chart and the Moving Average. 50 is the length of the average, so avg price over the previous 50 days. Sorry I wasn't exactly sure what you did or did not know so touched on all of it. If it helps, that's great. If you already knew, then even better :)
What's the total3 50 DMA ? Is this an indicator chart ?
Alts will start to rise eventually, but now might not be the best time. When "further downside" stops being a thing, that's when to buy. Better to buy on the way up. We're still under TOTAL3 50 DMA, still trending down. If you wait until it starts trending up, sure you won't catch the absolute bottom, but you're massively reduce any risk of further downside
tldr; Quick Take As Bitcoin’s price hovers around $26,000, technical indicators suggest a death cross is imminent, a situation defined by the 50-day moving average (DMA) falling below the 200 DMA. Currently, the 50dma is around $27,625, strikingly close to the 200dma at $27,618. This impending event is a signal of weakening price momentum, often associated […] The post Bitcoin about to witness sixth death cross in 5 yrs appeared first on CryptoSlate. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
EU hasn’t designated Apple as a gatekeeper, so as of today, DMA won’t have any impact on App Store. Might change, but right now that article is plain wrong.
After 15 months of intense negotiations, the Digital Markets Act (DMA) becomes the first significant law to regulate digital gatekeepers. The DMA will limit the power of Big Tech and open the digital world to new and upcoming apps and services.
These are all the same simple MAs the 20DMA vs 50DMA. The dates are individual instances of the 20dma going above the 50dma. I personally don't think the crossovers are very meaningful or a great indicator. The time of the cycle is more important in my opinion. Days 950 to days 400....around 14 months before and after the halving date are good times to be all in.
tldr; Ethereum (ETH) gas fees jumped to a 10-month high — prompted by a surge in meme coin mania. Per Glassnode, the median Ethereum gas price over a seven-day moving average (7DMA) reached 43.641 gwei — a price last seen on June 30, 2022. Gwei is a denomination of ETH — with 1,000,000,000 gwei equaling 1 […] The post Meme season blamed for jump in Ethereum (ETH) gas fees appeared first on CryptoSlate. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
20 day DMA ffs. I’d only be concerned if it went back below the 20 week DMA
From a technical analysis perspective, BTC has been bullish since about January. Thats when price crossed over the 200DMA. If you look at the 1M chart youll see that this “crash” was just a long term pull back to the 50month MA. Historically price has never lost the 50 month MA and history is again repeating itself. All signs point to bullish
Its definitely bullish from a TA standpoint with regards to price trading over the 200DMA. Also price has never been below the 50 month MA historically. Price is now pushing away from the 50 month MA as it has done before ever prior bull run
> i was not trying to claim that a DMA attack would have control over cold wallet Don't play dumb. >*VapingLawrence* *The keys never leave the HW wallet, no matter the malware. It's physically impossible.* *The only possible way to crack these things is to break them open and tap into the electronics and even then there are safeguards and encryptions in place.* To which you replied >No that is not even close to true, Direct memory access attacks DMA for one, Keep trying to backtrack and hide your stupidity behind walls of text. You keep using terms and concepts to support your arguments when folks call you out, and instead of admitting that maybe you need to read up on things a bit, you double down and call others stupid. This might work when you're around people who don't know IT, but your Best Buy Geek Squad education doesn't cut it here.
Ok you are still trying argue something i did not come here to argue, i use a hardware wallet and believe they are 100% secure, with that said there is nothing basic about dma attacks, i have studied them for a long time and still dont understand 2% of it, i was not trying to claim that a DMA attack would have control over cold wallet i cant speak on that, but i can tell you that DMA attack gains access to every piece of hardware connected to the motherboard at the hardware level this is much more then just reading the ram, every day these attackers get better what i was implying is that if allowed to compromise your pc they will not give up until they find a way in, maybe the hard way maybe the easy way by tricking the user, every thing i talked about was designed to strengthen your devices and network to keep that type of dedicated attacker out of your device's, your already safe from standard malware that was not my concern, i hope we can find middle ground here somewhere
I know how DMA works. It's a basic concept that is covered in IT security. Your private key is never sent from the hardware wallet to the computer's RAM. A DMA attack is when an external device gains access to PC/s RAM. If no private key is sitting in RAM, then a DMA attack doesn't matter. It's not a difficult concept.
Lol wiki DMA is very advanced far too advanced for me to comment on but i will say i have seen attacks demonstrated on youtube where any device connected was available to the attacker at the hardware level below encryption, i came to talk about the weak spots that hardware wallets cant protect you from and how to protect ourselves from those weak spots, if you have a new pc your bios will have options for IOMMU and dma protection which will greatly assist the hardware wallet in protecting it self from dma attacks, this is all im qualified to speak about dma, but dns is something i have studied extensively
Ok sorry i was rude, but i stand by what i said and will glady elaborate, the closed source operations of tpm chips and algorithms ect are beyond my pay grade so i cannot say what an attacker will have access to with a DMA attack all i can say is that once an attacker is inside your network they will find a way they wont stop ever and they are getting so damn good its scary, in my opinion we should be strengthening every weak spot we can and not just relying on the firmware of a hardware wallet to stand up to a dedicated attacker with full control of your network, yes i believe ledger is secure and designed to never send the keys anywhere this is not what i came here to discuss, sorry again i was rude
A DMA attack is when an external device gains access to the Computer's memory. It's literally an attack in the opposite direction of what would be needed to extract private keys from a hardware wallet.
DMA attacks are wide and scary category of attacks ranging from simple in person evil maid attacks to cutting edge whole system infiltration where they read not just the ram on the fly at the hardware level, this is beyond my pay grade, the point of post was about DNS not DMA
>I think you should read up a lil more on DMA Tell me exactly how you think a DMA attack would extract the private key from a hardware wallet.
I think you should read up a lil more on DMA but like i said i did not come here to suggest the breaking jnto the hardware wallet i came here to discuss everything else but that, everyone keeps saying the same things, im not here to say hardware wallets dont work they are perfect and mandatory im here to talk about the other weak spots BEFORE and after the hardware wallet, i hope we can agree on that at least, if you check my posts or ask questions you will see im not a noob who thinks the coins are on my wallet i have been in tech and crypto for many years now it is what i do, my OPsec is top notch and i came here to help people on there security journey
Tricking the user to sign the transaction is entirely different thing and has nothing to do with the wallet he/she uses. Yes, these attacks work because mind is the weakest link in the chain. So... what exactly can you achieve with DMA attack?
>No that is not even close to true, Direct memory access attacks DMA for one, LOL A DMA attack would only work if the private key is sent to your PC's RAM. But a hardware wallet **never sends the private key to your PC's RAM.** That's the whole goddamn point. You are like the poster child for Dunning–Kruger effect.
No that is not even close to true, Direct memory access attacks DMA for one, but first of all i was suggesting malware that tricks the user, this is what we have seen lately, but i was also pointing out the increased efforts of attackers to target the crypto space and as crypto grows it will draw even more, i also brought up the plans of the WEF
I have nitro key with my encrypted boot partition and secure keys stored, i fundamentally understand how the tpm chip works in my pc, i have DMA protection to prevent DMA attacks and usb disabled, i fully understand the strengths and weakness of a hardware wallet, do you?
On my chart it actually had a wick below the 220 DMA, so time will tell. I'll be more confident if it bounces again.
If you look at the 200 DMA and recent triple top on the 30 day volume resistance levels, then it’s pretty obvious that I have no idea what I’m even saying right now
Yes the market is bleeding, but if you look at the 120 DMA which crossed the 60 day fib line, with 24.1% more volume on the high open than it did in November when it took a nose dive.. then you’ll clearly see that I have no idea what I’m talking about.
I do my DMA everyday through the DSC method (Daily Shitposting & Commenting). It's worked ok so far! (I only started recently) lol
These are the reasons why Daily Moon Averaging (DMA) is the best strategy for most people: 1. Reduces the impact of volatility: you don’t pay attention to the market because you are too busy shitposting to watch charts. 2. Removes the emotional element: it’s hard to be emotional when you’re focusing on commenting on every single new shitpost while churning out your own shitposts. 3. Disciplined approach: it helps stay focused on the long term prospects of moons rather than jumping on every single new hype AI coin with ridiculous APR. 4. Automation: as you continue to shitpost and shitcomment daily, you get so used to it that it becomes automatic and effortless.
I think best strategy for most investors (those that don't have enough money to DCA) is DMA ( Daily Moon Averaging), by being active in cc and helping others you can earn moons every day, which is also some form of free DCA. It may be not worth it for some people, but for others that have no or low income it is great opportunity.
BTC 5 day MA at $23,952 and 200DMA at $23,233 right now per Yahoo chart.
You are (kind of) wrong. Every bull market usually starts 1 year prior to the halving - at least the first "push" to the upside. The next halving is in march 2024 (?) and we're now in february 2023 = approx. 1 year. BTC has also broken the 200DMA which has always been a sign of market reversal. Yes, the bull market-MANIA starts after the halving.
“This potential correction could see BTC retest $20k (200DMA and key support), then in the bullish case, test $25k next. Make $25k support and it's nail in the coffin for the bears.” I might be wrong but I don’t think this will happen in the short term
Every time it rises it is time to sell. It was low throughout the 2020s where BTC's last major move happened. When it increased it was topping. Also what's a bear market? We are above the 200 DMA and about to get a golden cross. Do those things happen in bear markets?
Breaking all key resistances: 20WMA, 200DMA, and finally 20K
As expected btc resistance at 200DMA if we break this and stay above days for couple days ,expect mini bull run
It's funny that your very first point is so amazingly wrong. We have blown through every bottom indicator there is apart from max drawdown, which has to be considered against the fact that the bullrun was a little lacklustre and short. We fell through the previous top. We fell through the 200 DMA. We reached miner capitulation. EADF, Puell Multiple, Hash Ribbons. I could go on. Bitcoin can fall further, that's not the argument I'm opposing. But to say that we don't, on paper, look the most oversold ever, is to not understand these signals.
A technical bear in crypto started in May 2021 when the mania phase ended and DXY fell below the 200 dma for good. Then we had a dead cat bounce which (when that failed) lead us to the main part of the bear market (Dec 2021-Jan 2022). We are now having the late stages of the bear market where we mostly have intermittent accumulation with a double bottom forming (akin to the August 2015 and March 2020 bottoms). So what you see is -most possibly- the tail end of a bear market. How bear market felt was the 1.5 year that brought us here (an intensifying uneasiness leading to a crescendo). In truth the crypto market is a dollar hedge and nothing else. During DXY bull markets you get a crypto bear. During DXY bear markets (below the 200 DMA consistently) you get crypto bulls. Everything else is incidental, the bankruptcies, the halvings, the dead cat bounces, they don't much matter. Crypto is a dollar hedge that's its basic function and maybe only function in the economy. It's all a reverse play to the Dollar, a counter ponzi to the main ponzi... dollar seems to be reversing though, which is why I do not expect this bear to last much more. The Dollar specific characteristics is the only reason this space exists, we rally when it says we rally, we form a top when it says we form a top... that's it really, not a rocket science.
We've been bumping up against and been rejected by the 100 day moving average since we broke the last pattern and got above the 50. Im definitely not an expert but I think the 100 has been heavy resistance and we probably have another move down if we don't decisively pass the 100 DMA and hold it.
Celsius going boom, LUNA exploding, and other events happened several months well after November of last year. Rarely do markets announce a shift from bear to bull or vice versa and the fear and greed index is just one tool used to evaluate a market. It’s important to take the big picture into account such as inflation rates, joblessness, RSI, total volume, on chain activity, developer activity, 50-200 DMA, and others in addition to the F&G index. I do not think these last few days means that the bear is over, but who are we to say it isn’t.
No, that's dumb! Voting with wallet against trillions doller corporation doesn't work. We need to make and enforce anti trust regulations and vote with our voice. Look how EU is forcing apple to allow app outside of app store and allow avoiding apple payment system. Check out DMA
DMA 3K$ evenly evenly spread across eth, bc, xrp and shitcoins with a timeframe of 12 months. Good/bad? Why?
I've been using the exchange for well over a year now and I can say it is a reputable CEX that are community centric a d this you can tell from the situation that happened with DMA.
Unfortunately, this has been happening a lot in the cryptocurrency world, whether with Hackers or in RugPull projects that we recently had the DMA case that took more than US$ 3.5 million from its investors and the SquidGame token that in less than minutes went off the air taking everyone your investors' money. In 2021, scammers stole $14 billion with cryptocurrency scams. In cases like this it makes me use a CEX which brings security and protection against RugPull projects. I see MEXC GLOBAL working hard on the issue of security for its users, listing only the tokens that have fundamentals.
>Meanwhile, the rug pull comes less than a day after the MEXC Global exchange listed the token in its Assessment Zone and opened the DMA/USDT trading pair. > >However, the exchange has released new information on its blog stating that it has suspended trading of the token till further notice because of “abnormal on-chain transfers of Dragoma (DMA).” Textbook rug with devs dumping and running with all socials deleted and website is down. Meanwhile, the investors invested into this despite : >Dragoma is a move-to-earn game similar to Solana STEPN. Pitching itself as a Web3 lifestyle game, it allowed players to earn the DMA token for performing several activities ranging from training a dragon to pet combat. People saw STEPN do down and still wanted in on this. They hoped to be the first in the crowd and realised they were the lambs for the devs
We crabbing above 200DMA. Pretty good Id say. Let weekly lose like this.
tldr; The European Union has adopted the Digital Markets Act (DMA) and the Digital Services Act (DSA) this week, two packages designed to control the power of tech giants in favor of consumers. The DMA will require "gatekeepers" like Google and Apple to let EU users install apps from outside official app stores, easily uninstall pre-installed software, or easily unsubscribe from core services. The law also includes other protections for third-party developers and consumers regarding data, advertising, and payment systems. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*