​​#ERD Big News 🚀

​​Dow is loosing momentum a bit again. Potential again. Channel on the right looks real (this chart is delayed by the way). It broke already, so if we see a retest now but stay below the channel, it could become something.

On the left, showing a possible H&S. Key zone is that green level there. A big fast break of that could mean the high is set again and what i mentioned in the previous update is in play again. So far though, price action is slow as F, which usually means bulls are in favor.

​​TRX began to fall shortly before the JUST IEO. Tron price has decreased by ~4%.

​​Richard Heart: HEX.win did 115x price!🚀M⬣⬣N
In 20 hours https://twitter.com/hashtag/Bitcoin?src=hash paid to miners is cut in half from 12.5 to 6.25 https://twitter.com/hashtag/BTC?src=hash per 10 minutes. This gets cut in half again in 4 years. https://twitter.com/hashtag/Satoshi?src=hash invented the first two https://twitter.com/hashtag/Pumpamentals?src=hash

Tezos ($XTZ) is now available for Staking on Bitfinex.

https://twitter.com/bitfinex/status/1259819014236364800

​​Hot Scandals, Business Giants, Halvation and 20 Crypto Jokes

It was a fun, pre-halving week. Coinbase analyst said that we shouldn't count on banks to invest in crypto, and options traders appear to be skeptical about current ETH price. Business giants join a new consortium to help firms ‘manage digital assets’, Blockstream updated their BTC satelite network, and supply chain professionals are keen on blockchain technology. Bittrex will launch its own token in June, while BTCSHORT launched on Ethereum network. Meanwhile, the Cryptoverse had a question for the new Bitcoin star Paul Tudor Jones, while Tron and Justin Sun became a centre of a scandal.

As Petro went offline for maintanance, and registration fees forced BitKassa out of business, European money printer goes brrr program ran into a problem, and Telegram seems to be cutting all ties with the American investors. However, Europe’s biggest nuclear station might give electricity to BTC miners. Meanwhile, BTC had another mainstream moment, and PewDiePie left DLive for YouTube. We compared BitPay vs BTCPay, and we repored on six halving scenarios and three halving narratives.

And now – the best jokes of the week!


Hello, CT, my old friend. I've come to see how you're doing again.

⁠Ashton Kutcher Participates in Lolli’s $3M Seed Round

Notable entrepreneurs are backing the seed funding round led by Pathfinder that aims to strengthen Lolli’s app.

​​UN Paves Path for Sustainability in Seafood Industry Using Blockchain

The United Nations has released a report to raise governmental and international awareness for blockchain’s application in the seafood value chain.

​​KuCoin will host LUKSO (LYXe) initial exchange offering on May 20. This will be the first public offering on KuCoin since August 2019. KuCoin will offer $200K allocation of LYXe as part of LUKSO presale. LUKSO will offer another public sale in from of reversible ICO on May 27, according to the blog post. The details are not available yet.

​​That tred line broke earlier today, but price barely dropped, creating like a small bear trap. However, price also went up a little bit.

Just now, the 4H candle closed, but the last 5 min or so the price got pumped, giving a buy signal to whoever uses these signals (could be a lot of bots for example). Only minutes after the close price dropped again.

So based on this, if feels a bit as if distribution is going on here. Trying to keep price high as much and as long as possible.

But the big bear flag on the left, is not really a bear flag again, it should have dropped yesterday during that big drop. But as mentioned in the updates, big chance it would not. So, in general we can see, this all sucks big time. I do think, the 8620, where that small trap was made, might be a level to watch, if it breaks, could see more downward movement.

Think it is clear now, everything between 8950 and 8500 is neutral/noise. I am afraid, we might even need to see a daily candle close above 9000 or below 8200/100. But the problem of course then is, it's not like the whales will close the candle at 9005, and then wait for us to be able to go long or same shit on the down side. Very big chance, if we see a direction chosen, it will squeeze through, so forcing us to decide in this shit zone.

Now i know they do that on purpose, because this way, they can continue to distribute or accumulate while hunting stops in this 8200/9100 zone. So we are forced to know which way it will go upfront. Based on the moves from past hours as described above, i would say it's gonna drop. Also, because ETH is in bad shape if it can't break the 200ish (where 195 is also a big resistance already).

Maybe the biggest reason why i think carefully thinking of bearish movement. We have those 3 big wicks at the 8100/8300. If whales were bullish here, they should have had enough volume already to fill up longs. They why is it taking so long and why are they doing these small tricks to move up price slowly?

So to be clear, this sucks, yesterday it looked like a move was coming, but then seeing it being pumped again. Now, it's like 50/50. For me, it's like 55/45 in favor of bears, so just not sure. We have a range here at 8825/7725, maybe that will give an answer. There is a scenario though, even if we break up, if it wicks up and down again, then a big chance my theories above are correct and we could continue to dump coming days. I would also watch ETH, 195 is a big level and think 200ish is the key level

​​IBM is upgrading its enterprise blockchain solution to provide clients with a new decentralized governance option that will allow transaction parties to propose and amend smart contract parameters.

⁠1000 WBTC Minted Today on Ethereum Dwarfs Entire Lightning Network

A single transaction today has created more Wrapped Bitcoin on the Ethereum network, than the total amount of BTC locked in the Lightning Network.

​​#AION

Trendy Coin and Sitting at Very Strong Support
Forming Double Bottom
Last Time We Picked it Right Here
Great Dip to Accumulate
Also We See a Breakout is About to Come in Play

Accumulate Between 900 - 920 Satoshi

Targeting: 977 - 995 - 1048 - 1099 - 1130 - 1250+

STOP at - 7% Below Buy Zone

​​Let’s zoom in

There’s a pretty decent ascending triangle on 1h. The top of the triangle is perfectly in line with the EMA50 on 4h

Trade a breakout 📈

​​Update: A short list of upcoming events and important development milestones you should know about.

​​One thousand Wrapped Bitcoin (WBTC) were minted today on the Ethereum network (ETH).

It brings the total amount of Bitcoin now locked in WBTC tokens to 2,300, compared to the roughly 927 Bitcoin (BTC) locked on the Lightning Network.

​​Bitcoin going up as planned of the first scenario to hit the psychological barrier of 10,000 but immediately rejected.📈

​​Dove Wallet is Now a Part of Celo Alliance for Prosperity

Dove Wallet has recently announced its collaboration with Celo Alliance for Prosperity.

Alliance for Prosperity is a network of organizations that aims to work towards a better comprehensive financial system globally. Along with this, the organization offers to encourage blockchain technology.

Each and every individual in the organization encourages blockchain technology. The individuals are coming with unique approaches and strategic plans to develop blockchain technology. The Dove Wallet enables its users to buy and sell digital assets along with the stable assets of the Celo dollar. The Dove Wallets also lets you make use of the fiat money which enables you to use most currencies in the world for buying and selling crypto assets.

Currently, Dove Wallet is planning to make a “tipping” platform which enables the users to send small amounts online to people of various different communities. Collaborating with Celo Alliance, Dove Wallet aims to develop networking and work with other leaders of the blockchain world to encourage blockchain technology worldwide.

​​CME Could Soon Launch Ethereum Futures and That’s Huge for ETH: Analyst
@CryptoWorldTina

⁠Traditional Stock Market Valuation Techniques Reveal Overvalued DeFi Projects

Though cryptocurrencies are difficult to evaluate properly, DeFi protocol revenue allows stock market measures like P/E to be used.