Crypto Chart Alerts
Bitcoin is again bounced from the support of the $18,000-$18,500 area. The resistance is $20,000-$20,500 zone and we need to hold above this level. Exit all long positions if BTC broke below $18,000 support.
Bitcoin is going sideways and there is not much movement in the market. Global markets experiencing selling pressure and we may see the same in Bitcoin. Use tight stop loss in all trades.
Educational Post:
The Tulip Mania Bubble
The Tulip Mania took place in the Netherlands, during the Dutch Golden Age. The country had the highest global per capita income at that time, thanks to its growing international commerce and extensive trading operations.
The economic boom helped many people achieve wealth and prosperity, which in turn drove the market for luxury goods. In this context, one of the most coveted items were tulips, particularly those that had a mutation to make them even more stunning than the typical flowers. These unique flowers were much different from the other options available, so everyone wanted to show them off due to their unusual colors and patterns.
Depending on the variety, the price of a single flower could easily exceed the income of a skilled worker or even the price of a house. The creation of futures contracts pushed the prices even higher as the flowers didn’t have to physically change hands. It’s said that the bubonic plague also had an impact on the market because people were more inclined to take investment risks.
But with more and more farmers growing the flowers, the supply eventually got too high, and the tulip market found its peak in February of 1637. There was a sudden lack of buyers, and after a failed tulip auction in Harlem, fear and panic spread very quickly, causing the bubble to burst in a just a few days.
Historians aren't sure whether any bankruptcies actually occurred due to Tulip Mania, as financial records are hard to come by from that period, but the crash certainly caused significant losses to investors that were holding tulip contracts. But what does it have to do with Bitcoin?
Tulip Mania vs. Bitcoin
The Tulip Mania is considered by many as a prime example of a bursting bubble. The popular narrative describes an episode of greediness and hype that drove the price of tulips far beyond reasonable levels. While savvy people started to get out early, the late ones were panic selling after the free fall started, causing many investors and service providers to lose a lot of money.
It is quite common to hear that Bitcoin is another example of a financial bubble. But, connecting the Tulip Mania with Bitcoin fails to account their different asset classes and market circumstances. Our current financial environment is completely different and with far more players than the tulip markets of the 17th century. Moreover, the cryptocurrency markets are quite distinct from the traditional markets.
Main differences
One of the biggest differences between tulips and Bitcoins is the potential to act as a store of value. The tulips had a limited lifespan, and it was almost impossible to tell the exact variety or appearance the flower would have just by looking at the bulb alone. Merchants would have to plant it and hope that they got the exact type that they invested in, especially if they paid for one of the rare colors. Other than that, if they wanted to transfer tulips, they needed a way to safely ship them to their destination with all of the associated costs. Tulips were also unsuitable for payments because it was not possible to divide them into smaller parts, as that would most likely kill the plants. In addition, flowers could be easily stolen from fields or out of a market stall, making them harder to protect.
In contrast, Bitcoin is digital and can be transferred within a global peer-to-peer network. It is a digital currency that is secured by cryptographic techniques, making it highly resistant to frauds. Bitcoin cannot be copied or destroyed and can be easily divided into multiple smaller units. Furthermore, it is relatively scarce, with a limited supply fixed at a maximum of 21 million units. It is true that the digital world of cryptocurrencies presents some risks, but following general security principles will likely keep your funds safe.
The Tulip Mania Bubble
The Tulip Mania took place in the Netherlands, during the Dutch Golden Age. The country had the highest global per capita income at that time, thanks to its growing international commerce and extensive trading operations.
The economic boom helped many people achieve wealth and prosperity, which in turn drove the market for luxury goods. In this context, one of the most coveted items were tulips, particularly those that had a mutation to make them even more stunning than the typical flowers. These unique flowers were much different from the other options available, so everyone wanted to show them off due to their unusual colors and patterns.
Depending on the variety, the price of a single flower could easily exceed the income of a skilled worker or even the price of a house. The creation of futures contracts pushed the prices even higher as the flowers didn’t have to physically change hands. It’s said that the bubonic plague also had an impact on the market because people were more inclined to take investment risks.
But with more and more farmers growing the flowers, the supply eventually got too high, and the tulip market found its peak in February of 1637. There was a sudden lack of buyers, and after a failed tulip auction in Harlem, fear and panic spread very quickly, causing the bubble to burst in a just a few days.
Historians aren't sure whether any bankruptcies actually occurred due to Tulip Mania, as financial records are hard to come by from that period, but the crash certainly caused significant losses to investors that were holding tulip contracts. But what does it have to do with Bitcoin?
Tulip Mania vs. Bitcoin
The Tulip Mania is considered by many as a prime example of a bursting bubble. The popular narrative describes an episode of greediness and hype that drove the price of tulips far beyond reasonable levels. While savvy people started to get out early, the late ones were panic selling after the free fall started, causing many investors and service providers to lose a lot of money.
It is quite common to hear that Bitcoin is another example of a financial bubble. But, connecting the Tulip Mania with Bitcoin fails to account their different asset classes and market circumstances. Our current financial environment is completely different and with far more players than the tulip markets of the 17th century. Moreover, the cryptocurrency markets are quite distinct from the traditional markets.
Main differences
One of the biggest differences between tulips and Bitcoins is the potential to act as a store of value. The tulips had a limited lifespan, and it was almost impossible to tell the exact variety or appearance the flower would have just by looking at the bulb alone. Merchants would have to plant it and hope that they got the exact type that they invested in, especially if they paid for one of the rare colors. Other than that, if they wanted to transfer tulips, they needed a way to safely ship them to their destination with all of the associated costs. Tulips were also unsuitable for payments because it was not possible to divide them into smaller parts, as that would most likely kill the plants. In addition, flowers could be easily stolen from fields or out of a market stall, making them harder to protect.
In contrast, Bitcoin is digital and can be transferred within a global peer-to-peer network. It is a digital currency that is secured by cryptographic techniques, making it highly resistant to frauds. Bitcoin cannot be copied or destroyed and can be easily divided into multiple smaller units. Furthermore, it is relatively scarce, with a limited supply fixed at a maximum of 21 million units. It is true that the digital world of cryptocurrencies presents some risks, but following general security principles will likely keep your funds safe.
Crypto Chart Alerts
POLS/USDT lying above strong support. Stochastic is giving a buying signal. It will bounce hard from here. So now is the right time to build your position in it before breakout for massive profits😊 Targets: $0.534-0.645-0.735-0.8575 SL: $0.448
POLS USDT pair made a high of $0.539, that is more than 13% profit from our entry. Increase your stop loss and enjoy profit. Keep Earning 😊
Crypto Chart Alerts
POLS/BTC Polkastarter is a decentralized fundraising platform empowering Web3 projects to launch and raise funds through multi-chain token pools whilst significantly growing their communities. Technically lying above strong support. RSI is in the oversold…
POLS BTC pair made a high of 2758, that is nearly 12% profit from our entry. Increase your stop loss and enjoy profit. Keep Earning 😊
Crypto Chart Alerts
DATA/USDT lying above strong support. Stochastic is giving a buying signal. It will bounce hard from here. So now is the right time to build your position in it before breakout for massive profits😊 Targets: $0.03492-0.04056-0.05175-0.06575 SL: $0.02829
DATA USDT made a high of $0.03094, that is more than 21% profit from our entry. Increase your stop loss near to first target price and enjoy the ride. Keep Earning 😊
Crypto Chart Alerts
DATA/BTC Streamr (DATA) is an open source project and decentralized platform that relies on cryptography instead of trust. Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here.…
DATA BTC pair made a high of 192, that is more than 18% profit from our entry. Increase your stop loss and enjoy profit. Keep Earning 😊
STPT/BTC
STPT is an ecosystem optimzed for DAOs. It launched Verse Network, a full suite of native tools and infrastructures facilitating efficient decentralized decision-making for users.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. So now is the right time to build your position in it before breakout for massive profits😊
Targets: 241-290-350-400 satoshi
STPT is an ecosystem optimzed for DAOs. It launched Verse Network, a full suite of native tools and infrastructures facilitating efficient decentralized decision-making for users.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. So now is the right time to build your position in it before breakout for massive profits😊
Targets: 241-290-350-400 satoshi
ROSE analysis:
ROSE is trading in a symmetric triangle on an hourly timeframe. The triangle is tightening up, and we are moving towards the decision time. A break of this triangle will decide the next move. The support is $0.53-$0.55 and the resistance is $0.6650-$0.68 area. Wait for a break of this pattern on either side and keep an eye on support and resistance levels.
ROSE is trading in a symmetric triangle on an hourly timeframe. The triangle is tightening up, and we are moving towards the decision time. A break of this triangle will decide the next move. The support is $0.53-$0.55 and the resistance is $0.6650-$0.68 area. Wait for a break of this pattern on either side and keep an eye on support and resistance levels.
Crypto Chart Alerts
STPT/BTC STPT is an ecosystem optimzed for DAOs. It launched Verse Network, a full suite of native tools and infrastructures facilitating efficient decentralized decision-making for users. Technically lying above strong support. RSI is in the oversold region.…
STPT chased first target within few hours. That is more than 13% profit from our entry.
Crypto Chart Alerts
STPT/USDT lying above strong support. Stochastic is giving a buying signal. It will bounce hard from here. So now is the right time to build your position in it before breakout for massive profits😊 Targets: $0.04794-0.05895-0.07215-0.08546 SL: $0.03969
STPT also chased first target in USDT pair. Keep booking profit as market is volatile.
Crypto Chart Alerts
Bitcoin is going sideways and there is not much movement in the market. Global markets experiencing selling pressure and we may see the same in Bitcoin. Use tight stop loss in all trades.
Yesterday Bitcoin is trying to break above the $20,000 level but was rejected from there. There is no clear movement in the yet. This is the silence before the storm and we will see a big move anytime. Stop loss is mandatory in all trades.
AUCTION/BTC
Bounce is a leading all-in-one DeFi marketplace platform with a full suite of products, including: Bounce’s esteemed Auction Protocol, Fangible NFT Marketplace, Metalents Web3 Freelancing Marketplace.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. So now is the right time to build your position in it before breakout for massive profits😊
Targets: 3731-4275-4865-5500 satoshi
Bounce is a leading all-in-one DeFi marketplace platform with a full suite of products, including: Bounce’s esteemed Auction Protocol, Fangible NFT Marketplace, Metalents Web3 Freelancing Marketplace.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. So now is the right time to build your position in it before breakout for massive profits😊
Targets: 3731-4275-4865-5500 satoshi
Crypto Chart Alerts
Yesterday Bitcoin is trying to break above the $20,000 level but was rejected from there. There is no clear movement in the yet. This is the silence before the storm and we will see a big move anytime. Stop loss is mandatory in all trades.
There is no movement in the market in the last few days. The good thing is BTC holding above the support level. The market needs a good push to bring positive sentiment. New trades are risky and use a proper stop loss.