Hi Everyone.
Please enjoy our CryptoCalibur Team Pick November 2020 TA Update.
Story of the month?
Attention turns to BTC, alts take a break. 😊
——-
https://cryptocalibur.com/cryptocalibur-team-picks-november-2020-ta-view/

Hi Everyone.
Please enjoy our CryptoCalibur Team Pick December 2020 TA Update.
—-
Story of the month?
Same as last month!
King BTC dominates. 👑
alts (mostly) on a break.😴
But it's been healthy action in those alts, the consolidation appears to be heading toward more positive days ahead.🚀
——-
https://cryptocalibur.com/cryptocalibur-team-picks-december-2020-ta-view-2/

Hi Everyone.
We welcome each of you to a new calendar year with an update on the CryptoCalibur Team Picks.
Enjoy!
—-
https://cryptocalibur.com/cryptocalibur-team-picks-january2021-ta-view/

🔴 NEW PROJECT ON OUR RADAR 🔴

CryptoCalibur Interest Level: 🤔 Potentially High 🤔

https://beta.charm.fi/

Listing: TBA

A protocol that creates liquidity for decentralized options. At its core, Charm is an Automatic Market Maker (AMM) that can create liquid options on the blockchain. An AMM is a robot that's constantly willing to quote the user a price between two assets. Uniswap, Curve, Balancer and others all use AMMs at their core. Not only can you trade trustlessly using an AMM, but you can also become the house by providing liqudity to a liquidity pool. Charm has invented a novel model for options creation, pricing, trading, and settlement. This new AMM can offer cheap options and higher profits for traders, while simultaneously lowering the risk for liquidity providers (LPs). To gain further insight into Charm’s AMM we recommend you read the article the published (https://medium.com/charmfinance/how-does-charm-work-e6ce48beabe6v).

Token Utility (ERC20)

▪️ Governance token, to be released soon after Mainnet launch. More details to be announced.

Future Growth

▪️ Staking and reward mechanism implemented in their code for their future governance token.
▪️ Charm can offer an unlimited supply of options as it does not rely on writers to create options.
▪️ Charm's options architecture specialises in providing cheap options and higher profits for traders, and safer yields for LPs.
▪️ Platform can support options with differet underlying.
▪️ Users can eventually create their own options pools and markets.

What We Like

✅ Team aims to launch soon on mainnet and are self funded so far.
✅ Charm does not have margin calls, liquidations, or charge daily fees for holding a position.
✅ Charm Finance uses a novel architecture that can provide cheap options and low LP risk. Current solution either provide (1) cheaper options with higher risk or (2) expensive opttions with low LP risk.
✅ Dynamic pricing of options based on supply and demand, leading to cheaper options.
✅ Options at Charm have more value, because they can be traded as well as exercised; which means traders can profit from changes in the price of the underlying, as well as changes in volatility.
✅ Options at Charm are cash-settled and all payoffs will be realised automatically and held by the smart contract on settlement date, ready for users to collect at any time. This is in contrast to other protocols, where users can lose all their profits if they forget to exercise their options.
✅ Transparent and ethical devs. "To protect our users, we have decided to roll out our option markets gradually, gather feedback, and thoroughly test the smallest details before introducing them to the public."
✅ Charm Finance is unaudited, and will launch on mainnet with a TVL cap in order to protect user funds. The cap will be gradually lifted as more security enhancments (e.g. audit, insurance etc..) are put in place.

This is not sponsored nor paid content. If we find a relatively under the radar project that we believe has potential we post about it.

🗞 Cryptocurrency Weekly News | January 24th, 2020 🗞

Greetings everyone, and welcome to the Technical Analysis section of our newly re-established Newsletter. The purpose of this weekly section will be mostly to take a quick look at the short-term trend of Bitcoin ($BTC) but occasionally may feature some other crypto chart as something interesting takes place along our journey.

But with that said, this first entry will be more of a long form discussion to set the table. A short-term analysis is best considered within the context of a larger timeframe thesis, so let’s get that established. Read more and view the technical charts.

Highlights of The Week

📉 On-chain analysts identify more whales have been buying Bitcoin dips

🍆 Pornhub adds XRP, BNB, USDC, and DOGE to its payment options

🙃 Bitcoin ‘Double Spend’ that never happened panics firm into selling all its BTC

💰 MicroStrategy CEO claims to have “thousands” of executives interested in Bitcoin

☑️ Biden’s pick for Treasury Secretary says U.S. should encourage legitimate uses of Bitcoin and crypto

💪 More Than $3 Billion of Ethereum is locked in ETH 2.0

Bitcoin Sets the Pace for 2021

As we move through the first month of the year Bitcoin is already setting a relentless pace that most digital assets will struggle to keep up with. However, we are not talking strictly in terms of price appreciation but more in terms of corporate and institutional adoption.

Firstly, last week brought the news that long term Bitcoin investors Grayscale have added an additional 8,700 Bitcoin to their Grayscale Bitcoin Trust (GBTC) which provides more traditional investors with exposure to Bitcoin. As a result, the Trust now retains a value in excess of $20B, and this news was followed by the revelation that Skybridge Capital’s Bitcoin Fund has already grown to reach approximately $360M in value.

The Fund was officially launched on January 4, 2021 after the investment advisory firm made Bitcoin purchases over the final two months of 2020, and further highlights the significant progression being made with regards to institutional financial houses incorporating Bitcoin into their portfolios. Read more.

dYdX Closes $10M Series B Investment!

The round was led by Three Arrows Capital and DeFiance Capital.

Some impressive numbers about dYdX:
⚫️ Total cumulative trade volume across Perpetuals, Margin, and Spot trading increased 40x, reaching $2.5 billion in 2020, up from $63 million in 2019.
⚫️ Margin / Spot Trade Volume: $1.9 billion in 2020, up from $63 million in 2019.
⚫️ Perpetuals Volume Trade Volume: $563M since the new protocol was launched in April 2020.
⚫️ Volumes on our perpetual contracts grew as a percentage of total trading volume, accounting for 41% of total trading volume in December.
⚫️ 2020 Loan Originations: $17.4+ billion from dYdX lending pools.
⚫️ User Growth: unique wallets depositing funds into dYdX’s smart contracts increased by 4.8x from 8,000 wallets to 38,588 wallets through December 31.
⚫️ 6 new team members across Engineering, Design, & Growth.

🗞 Cryptocurrency Weekly News | February 1st, 2021 🗞

Greetings everyone. Bitcoin continues in a range-bound situation, in agreement with our current overriding thesis of correction/consolidation during an ongoing bull market. But being Bitcoin, of course it found a crazy way to do so. In the process the richest man in the world got involved because why not?

On January 29th, Elon Musk took a cue from Jack Dorsey and revamped his twitter bio to advertise Bitcoin. What followed was a pure emotional pump, right above our dominant declining trend line and strong short term resistance lines. But it was a fleeting advance and met by immediate opportunistic sellers. This established an impressive daily reversal candle on the chart. This was an important battle lost by the bulls, so for now the bears retain home field advantage. Read more and view the technical chart.

Highlights of The Week

💰 Grayscale adds $2.4 Billion worth of crypto in three days

🐂 Bitcoin bull Chamath Palihapitiya running for California governor

👑 Publicly-Traded firm buys $150,000,000 in Bitcoin, says holding BTC superior to holding US Dollar

🤕 Ripple hit with yet another lawsuit over securities law violations

✅ Grayscale has incorporated six more trusts, including ones for Polkadot and Aave

🧏 As Robinhood shuts down GameStop shares, demand emerges for decentralized, censorship-resistant trading

🥷 Tesla CEO Elon Musk just sent Bitcoin sharply higher, boosting its price over 20%

🌐 Google competitor Presearch launches decentralized search engine

😁 Ethereum foundation to launch ‘Large Scale’ applications on Reddit

🇮🇳 Lawmakers in India considering new ban on Bitcoin and Cryptocurrency: Report

Bitcoin Attracts Further Institutional Investments As Ethereum Secures Reddit Partnership

In last week’s newsletter we outlined how Bitcoin is setting the pace for 2021, and institutions are continuing to scale into BTC. Grayscale is accumulating Bitcoin at an impressive rate and has purchased around 40,000 BTC since mid January 13, meaning the asset management house has accumulated around $1.36B worth of Bitcoin in just 16 days.

According to Glassnode, 26,000 BTC have been mined since the start of the year while Grayscale’s 40,000 BTC holdings mean that the investment firm has purchased Bitcoin at a 54% faster rate than the mining supply of new BTC over 2021 so far. The week also revealed that Rothschild Investment Corporation owns 30,454 shares of GBTC while the Marathon Patent Group announced that it has purchased approximately 4,813 Bitcoin at a cost of around $150 million.

These developments were accompanied by the news that Galaxy Digital is planning to launch a number of ETH-focused funds in February. The digital asset fund manager headed by Mike Novogratz will develop funds with pricing drawn from the Bloomberg Galaxy Ethereum Index and with assets being held in custody by Gemini. Read more.

Please enjoy the February 2021 TA update on the CryptoCalibur Team Picks.
📈📉📈📉📈
—-
https://cryptocalibur.com/cryptocalibur-team-picks-february-2021-ta-view/

🗞 Cryptocurrency Weekly News | February 7th, 2021 🗞

Greetings everyone to Bitcoin Existence Day 4418.

In the last week Bitcoin has impressively moved higher and invalidated several minor resistance levels in the process – not the least of which was the high established by the infamous Elon Musk twitter bio event. But at the end of the rally, we saw price reverse short of the all-time high and then fade softly lower for a test of new potential support levels.

With this new information established, lets slightly edit and simplify our ongoing opinion to the following. Current Short-Term Opinion: Range-Bound Consolidation. Read more and view the technical charts.

Highlights of The Week

1️⃣ World’s first Polkadot ETP launching on Swiss Exchange

✅ Kucoin recovers all stolen funds from 2020’s $285 million hack

🏦 GameStop saga reveals legacy finance is rigged, and DeFi is the answer

🐳 27% of all Dogecoin (DOGE) is held by a single address

🇳🇬 Nigeria’s Central Bank orders banks to close accounts of all crypto users

✅ Bitfinex repays Tether $750 million loan, ending crypto market FUD

💰 Grayscale buys 100,000 ETH

🚀 BREAKING: Tesla gets $1.5 billion worth of Bitcoin

High Jinks and High Fees on the Ethereum High Seas

In our last newsletter, we covered the partnership between the Ethereum Foundation and Reddit and the Ethereum network continues to stimulate an overall bullish sentiment. Over the last few days, it has been revealed that Grayscale has been accumulating more Ethereum than Bitcoin with the digital asset fund management firm now holding approximately $5B worth of Ethereum, which accounts for 2.6% of the total supply.

The institutional adoption of Ethereum is set to increase this week with the CME confirming the launch of ETH Futures with trading set to commence on February 8th at 18:00 ET. However, the increased levels of activity across the Ethereum network have led to record highs with regards to fees, and according to Coinmetrics ETH daily transaction fees surpassed $22M on February 3rd, which topped BTC’s all-time high of $21.4M from December 2017, and set a new all-time record for fees across any crypto network. Read more.

🗞 Cryptocurrency Weekly News | February 15th, 2021 🗞

Greetings everyone to Bitcoin Existence Day 4425. What a week. Let’s first start by returning to this quote from last week’s newsletter entry.

“as the technical data exists today this appears to be a consolidation in a longer-term trend that is most likely to eventually resolve to a new high”

When I wrote that little did I know that Elon Musk had a tweet coming that would create that new high resolution in a matter of hours. Wow!

This is not too complicated, so cutting to the chase… Read more and view the technical charts.

Highlights of The Week

🏦 Deutsche Bank preparing to support crypto assets, providing prime brokerage and storage for clients

🚀 Aave grows as V2 features trigger increased user interest

🌐 Mark Cuban predicts blockchain is the new Internet

🗣 SEC official calls for clear crypto regulations as big companies support Bitcoin

💰Grayscale purchases 53,000 ETH in one day

🔐 USDtz to enable private stablecoin transactions on Tezos (XTZ)

🇮🇳 India to ban cryptocurrency investment completely: Report

🤩 Miami agrees to pay its employees in Bitcoin

BTC Takes Centre Stage as Corporate Bitcoin Buys Take Off

In our last newsletter, we stated that we expected Ethereum to attract the majority of attention due to the launch of CME ETH Futures on February 8th. However, BTC took the market by storm on Monday as a United States Securities and Exchange Commission (SEC) filing revealed that Tesla had added Bitcoin to its balance sheet.

The 10-k filing for Tesla Inc. relating to the fiscal year ended December 31st, 2020 showed that the electric car company had accumulated a Bitcoin position worth $1.5B, an allocation worth approximately 7.7% of the company’s gross cash position. An official statement from Tesla hinted at future digital asset purchases and the possibility of the company accepting Bitcoin as a payment method in the near future.

The news had an almost immediate effect on the markets with BTC jumping to a new all time high price of $44,364 early on Monday; this also led to over $500M worth of liquidations on BTC short positions across multiple exchanges. Bitcoin holders were further fortified by news on Thursday that the first Bitcoin ETF in North America had gained regulatory approval. Read more.

We constantly have dozens & dozens of interesting emerging projects on our radar here at CryptoCalibur.
One of them is Charge Particles, which is doing cutting edge work in the collision area of DeFi + NFTs.

They have an online event tomorrow to kick off the public side of their effort, with initial offering NFTs available and a lot of give-a-ways. It's a free event, but you can RSVP to ensure your place in the virtual audience.

Check out the full details at the other end of this handy dandy link.
—-
https://medium.com/charged-particles/the-big-bang-charged-particles-global-launch-party-art-drop-30eb4b9c66f

🗞 Cryptocurrency Weekly News | February 22nd, 2021 🗞

Foreword: The entry below was written before the early Monday selloff. Brief comments and a chart will be placed in a short update at the end.

—

Greetings everyone to Bitcoin Existence Day 4432.

Busy, with little time to read?
Here you go.

tl;dr – BTC bull market persists

With that out of the way, let’s once again begin with a quote from last week’s newsletter entry.

“One word of warning on that wedge. Although it should be bearish, in a high momentum market sometimes they can simply be a complex bullish consolidation that leads to a sharp spike higher.” Read more and view the technical charts.

Highlights of The Week

✅ Can’t beat ‘em? Join ‘em: Mastercard and Visa make a case for Bitcoin

🤒 Ripple has proof SEC failed to warn exchanges about XRP’s security status

🤯 Decentralized Finance will change your understanding of financial systems

🥇 In Singapore, Bitcoin is challenging gold as a store of value

😫 South Korea fast tracks 20% tax on Bitcoin and crypto profits to 2022

😁 Ethereum developers eye July for gas-saving EIP-1559 launch

🇯🇵 Japanese giant SBI holdings plans to form joint cryptocurrency venture

🇬🇧 UK firm launches service for company treasuries to invest in Bitcoin

🎯 World’s first Bitcoin ETF just launched

👨‍🎨 Top auction house Christie’s to accept Ethereum for digital art sale

Corporations Continue to Favour BTC as NFTs Gain Mainstream Adoption

In our last newsletter, we highlighted the significance of Tesla revealing its Bitcoin purchases, and MicroStrategy announced a proposed private offering of $600 million of convertible senior notes last week to continue the theme.

The tech giant unveiled its proposal on Tuesday, and the notes will be unsecured, senior obligations of MicroStrategy and will bear interest payable in arrears on February 15th and August 15th of each year, with the first payments going out on August 15th, 2021. The notes will be convertible into cash, shares of MicroStrategy’s class A common stock, or a combination of cash and shares of MicroStrategy’s class A common stock, and will be offered and sold to qualified institutional buyers pursuant to Rule 144A of the US Securities Act. Crucially, MicroStrategy has declared its intention to use the net proceeds from the sale of the notes to acquire additional Bitcoin.

The news helped Bitcoin to break new boundaries and the price of BTC pushed past $50,000 for the first time on Tuesday. BTC went on to fluctuate at close to $54,000 later in the week and surpass the monumental $1 Trillion mark in terms of market capitalization. Read more.

🔴 NEW PROJECT ON OUR RADAR 🔴

CryptoCalibur Interest Level: 🔥 High 🔥

Listing: TBA

Pre-IDO Liquidity Built on Defi NFT Swap

Genesis Shards powered by Polkadot is a decentralized ecosystem redefining NFTs as DeFi options, creating a permissionless environment of interchain liquidity for pre-IDO tokens.

The dynamic Genesis ecosystem integrates inhouse interchain swap architecture - Gen Swap, NFT shards, community governance, and a multi-functional NFT exchange (GEN NFTX), to create opportunities for partner organizations and its communities building a symbiotic environment of pre-IDO liquidity while facilitating scalable access to great projects. The ecosystem further offers projects end to end access to top communities, partner networks, marketers, influencers and supporters, together a great incubation space for their big launch.

Token Utility ($GS)

▪️ Swap $GS in order to have access to different tiers.
▪️ Reduction of swap fees.
▪️ Governance decisions on various parameters.

Future Growth

▪️ NFTs can be seen as a Basket for DeFi Options.
▪️ Market place for any DeFi NFT product.
▪️ Farming is in the works and parachain integration in the works.
▪️ NFT indexes and illiquid baskets are a possibility.

What We Like

✅ Extremely attractive tokenomics.
✅ DeFi Communities, Market Makers, Stakers, Marketeers, Projects, Trading Groups can all interact within the same ecosystem.
✅ Multi-tiered access virtual cards bringing those in custody countless benefits. Staking and locking of tokens is highly incentivized and rewarded by the network.
✅ Token utility really stands out such as governance decisions, private access, swap fees discounts and more.
✅ Seasoned team members with tons of experience and connections in the cryptocurrency industry.
✅ Solidity-compatible Parachains can enable Genesis Shards' ecosystem to take Pre-IDO tokens from various blockchains and wrap them into NFTs. Full advantage can then be take of the liquidity internally and externally to the tokens’ native chains.

This is not sponsored nor paid content. If we find a relatively under the radar project that we believe has potential we post about it.

Please enjoy the March 2021 CryptoCalibur Team Picks Technical Analysis article.
📈📉📈📉📈
——-
https://cryptocalibur.com/cc-picks-march2021-ta/