Between 10% and 51% of employees fired crypto companies in 2022 🥶
Mass layoffs in the crypto industry have two reasons:
▪️ The bear market led to a decrease in trading volumes and, as a result, a drop in income.
▪️ Loss of trust in centralized companies as a result of restrictions and the collapse of FTX.
For the first 3-6 months of 2023, there is a high probability that the trend towards cost reduction in crypto companies will continue.
Mass layoffs in the crypto industry have two reasons:
▪️ The bear market led to a decrease in trading volumes and, as a result, a drop in income.
▪️ Loss of trust in centralized companies as a result of restrictions and the collapse of FTX.
For the first 3-6 months of 2023, there is a high probability that the trend towards cost reduction in crypto companies will continue.
BTC Quick Take:
🔸Bitcoin has been in a sideways trend since its drop in November 2021. The key levels to watch are still 18k for resistance and 15k for support.
🔸Another important level to consider is the EMA100 which serves as its Daily chart dynamic resistance.
🔸Currently, the price is flat and it appears that there is not much demand in the market. If there is a shift in volatility, it is likely that the price will either test the lower range again or try to reach the upper range
🔸Bitcoin has been in a sideways trend since its drop in November 2021. The key levels to watch are still 18k for resistance and 15k for support.
🔸Another important level to consider is the EMA100 which serves as its Daily chart dynamic resistance.
🔸Currently, the price is flat and it appears that there is not much demand in the market. If there is a shift in volatility, it is likely that the price will either test the lower range again or try to reach the upper range
📖Quick Technical Analysis Education
Ranging Market
✅A ranging market is a market structure where the prices move back and forth between a price range of a high price level and a low-price level.
✅The highest price level is formed with a resistance line, whereas the lowest price level is formed with a support line.
✅Traders depend on these lines to place ideal entry or exit orders in the market.
Ranging Market
✅A ranging market is a market structure where the prices move back and forth between a price range of a high price level and a low-price level.
✅The highest price level is formed with a resistance line, whereas the lowest price level is formed with a support line.
✅Traders depend on these lines to place ideal entry or exit orders in the market.
📖Quick Technical Analysis Education
Double Bottom
🔸A double bottom is a pattern creates a W-shaped movement. It indicates that after two lows, there will be a significant increase in price after a confirmed breakout on its neckline.
🔸This is also called a reversal pattern from downtrend to uptrend
📝Simple steps to Identify double bottom:
✅Identify the two distinct bottoms of similar width and height
✅Distance between bottoms should not be too small - time frame dependent
✅Confirm neckline/resistance price level
Double Bottom
🔸A double bottom is a pattern creates a W-shaped movement. It indicates that after two lows, there will be a significant increase in price after a confirmed breakout on its neckline.
🔸This is also called a reversal pattern from downtrend to uptrend
📝Simple steps to Identify double bottom:
✅Identify the two distinct bottoms of similar width and height
✅Distance between bottoms should not be too small - time frame dependent
✅Confirm neckline/resistance price level
📖Quick Technical Analysis Education
MA200
✅The 200-day Moving Average is a technical indicator used to analyze and identify long term trends. Essentially, it is a line that represents the average closing price for the last 200 days.
✅It is used as dynamic support and resistance of an asset.
🔴Below MA200= The sentiment is bearish
🟢Above MA200=The sentiment is Bullish
MA200
✅The 200-day Moving Average is a technical indicator used to analyze and identify long term trends. Essentially, it is a line that represents the average closing price for the last 200 days.
✅It is used as dynamic support and resistance of an asset.
🔴Below MA200= The sentiment is bearish
🟢Above MA200=The sentiment is Bullish
📖Quick Technical Analysis Education
Trendline
✅A trendline is a line drawn through a chart to show the trend of the Market.
✅The classic way to draw trendline is by drawing a straight line connecting a series of swing highs or swing lows.
✅An up-trend line is drawn through the swing lows and a down-trendline is drawn through the swing highs. In that way the trendline is acting as support to an uptrend
Trendline
✅A trendline is a line drawn through a chart to show the trend of the Market.
✅The classic way to draw trendline is by drawing a straight line connecting a series of swing highs or swing lows.
✅An up-trend line is drawn through the swing lows and a down-trendline is drawn through the swing highs. In that way the trendline is acting as support to an uptrend
🤩 #BitMart will list Legends (FWCL) on our digital assets platform on Jan. 6, 2023.
💰 Trading pair: FWCL/USDT
💎 Deposit feature: 1/4/2023 10:00 AM (UTC)
💎 Trade feature: 1/6/2023 10:00 AM (UTC)
Learn more: signup.asia/bitmart
💰 Trading pair: FWCL/USDT
💎 Deposit feature: 1/4/2023 10:00 AM (UTC)
💎 Trade feature: 1/6/2023 10:00 AM (UTC)
Learn more: signup.asia/bitmart
SpaceX is raising $750 million in a new round of funding that values the company at $137 billion.
Andreessen Horowitz, also known as a16z, is said to be a lead investor in the new funding round.
https://www.cnbc.com/2023/01/02/spacex-raising-750-million-at-137-billion-valuation-a16z-investing.html
Andreessen Horowitz, also known as a16z, is said to be a lead investor in the new funding round.
https://www.cnbc.com/2023/01/02/spacex-raising-750-million-at-137-billion-valuation-a16z-investing.html
CNBC
SpaceX raising $750 million at a $137 billion valuation, investors include Andreessen-Horowitz
Last year, SpaceX achieved several new milestones but faced further delays to its Starship program.
#EOS moves between the support and resistance level and if it can break the resistance level, it will follow path 1
#USDT is moving in a rising wedge, which is getting closer with each candle close. A rising wedge is technically a bearish pattern.
might see a last upward trap to take liquidity above the equal highs before the breakdown of the rising wedge.We've to keep an eye on a high volume breakdown to confirm a downward direction in USDT to hit the lower marked horizontal support .
might see a last upward trap to take liquidity above the equal highs before the breakdown of the rising wedge.We've to keep an eye on a high volume breakdown to confirm a downward direction in USDT to hit the lower marked horizontal support .
#Chainlink has been quietly building during this bear market.
💥As evidenced by the increasing number of active developers working on the #LINK project seen in the illustration.
💥Despite market uncertainty, the developer activity on #LINK remains strong
💥As evidenced by the increasing number of active developers working on the #LINK project seen in the illustration.
💥Despite market uncertainty, the developer activity on #LINK remains strong