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JUST IN: Grayscale spot Bitcoin ETF banner featured on Wall Street in New York City.
Breaking: Elon Musk has filed a lawsuit against Open AI and Sam Altman for breach of contract.
The lawsuit accuses Altman et al with having betrayed an agreement from Open AI's founding to remain as a non-profit company.
Signal! #KAVA Long 🔴
In early February, the asset completed its downward movement and started a slow but steady uptrend. I expect it to continue, I open a trade on the trend.
I enter with a market order. Shoulders 7x
❌Stop-loss: $0.7369. Take's: 0.8080 0.8400 0.8800 0.9200 0.9710$.
🔹#Vet is forming a bullish patter and if it follows this pattern we will see a breakout and price will move up.
🔹You can consider entering VeChain as soon as a breakout occurs.
🔹"If the price of Bitcoin goes down, other cryptocurrencies' prices may also go down, including VeChain.
🔹However, VeChain has a strong foundation, and we believe it can provide good profits in the long term.
🔹If the price drops to around $0.04, consider making entries.
🔹VeChain could potentially double our investment in the long run."
#XRP Analysis :
#XRP hovering around a Major Flip Level of $0.538 - $0.547 and price coming a long way from a downtrend. Price made a flip to bearish to bullish market structure and a Daily Candle closing above the zone will open the room for next resistance around $0.600. So, buys can be taken into account and sells will be risky at this point.
So, I want to update my view on #BTC 👑 4h TF
Globally, the movement of the asset in the 5th wave of the upward impulse continues. Sub-waves 1-2 are already completed and the movement is currently in the 3rd.
If we look at the asset more locally, we see that the 3rd sub-wave consists of a 5 wave impulse, which clearly lacks a 4th and 5th wave. The 4th wave has already started and I would like to see its completion at 0.5-0.618 Fibo, further growth in the 5th ~ up to 57-58k$.
In general, my position is clearly presented on the chart, I think everyone can see it!
🔹#Vet is forming a bullish patter and if it follows this pattern we will see a breakout and price will move up.
🔹You can consider entering VeChain as soon as a breakout occurs.
🔹"If the price of Bitcoin goes down, other cryptocurrencies' prices may also go down, including VeChain.
🔹However, VeChain has a strong foundation, and we believe it can provide good profits in the long term.
🔹If the price drops to around $0.04, consider making entries.
🔹VeChain could potentially double our investment in the long run."
Total-Crypto Cap Excluding BTC has entered a major Golden-Cross Formation.
It previously confirmed a major bull market in 2020; we are seeing it again for the first time since then.
Ethereum & Alt-Coins 🚀
Looking at the #ADA coin 📶 and throwing limit orders in long!
Globally, the asset is moving in the 5th wave of the upward momentum. Sub-waves 1-2-3 are already completed, and the movement is currently in the 4th wave. I expect to see correction to the levels of 0.5-0.618 Fibo. From there I expect growth.
I enter with limit orders: 2% 0.56802$ + 2% 0.55662$. Shoulders 15x
❌Stop-loss: $0.52110. Take's: 0.58025 0.60920 0.64875 0.67700 0.72000$.
What Is a Mining Farm?
One of the most popular ways through which many people get cryptocurrencies is through the process of mining them. More specifically, we'll use Bitcoin as an example, as miners earn 6.25 Bitcoins each time they complete a block at the current point in time (May 2021).
Discussing a mining farm, this is typically a room or a warehouse that is dedicated to mining cryptocurrencies. Keep in mind that the farm can be a basement in a house with multiple ASIC machines, or even a large warehouse that features both GPUs alongside ASICs. Mining farms contain truly enormous power supplies, alongside huge fans to cool the equipment. They typically have more than a single person working on them. A mining farm is essentially a mining pool with miners that are housed within a single location and building.
Bitcoin mining is a simple concept: it is the process of someone verifying a transaction so that it can be added to the public ledger we all know as the blockchain. Transactions are added in blocks, and all you need to verify a Bitcoin transaction is a computer with a connection to the internet and a software program that is linked to the blockchain.
Keep in mind that computers consume a lot of energy, and air conditioning is typically required to prevent any overheating. This means that if you are in a geographical location known for its low temperature, you might just be in luck in this regard.
Mining is expensive, and in addition to using large amounts of electricity, the mining computers need to be replaced frequently. As such, you will be required to have some capital upfront in order to start with your mining farm, and expand and maintain it through the currencies you end up generating.
