IMPORTANT CRYPTO NEWS: BITCOIN ENTERS NEW PARADIGM | Cardano Breaks Downtrend
It is expanding the reach of bitcoin, making payments so much easier for everyone around the world with a twitter account. So before we get started, make sure you bust up those youtube figures down below hitting the likes. The subs were on our way to 220 000 subscribers. Thank you very much for all of your support. Weve also got a few other pieces to look at today. First, up make sure you hit the free investor newsletter link down below. If you want to be updated once every two weeks on cryptocurrencies and investing that link down there, its absolutely free comes out to your email inbox once every two weeks and weve also got big specials coming up for the education memberships for tiaa premium and ti light. So stay tuned for that as youll also receive that on your newsletter in the coming days. So link is first in the description down below. So this big news is twitter is becoming the best remittance experiences in the world so says strike founder malus, who was also at the bitcoin conferences and helping out el salvador with their bitcoin set up as well. So this is the the debut of tipping bitcoin on twitter. Now this just allows everyone to, obviously that has a twitter account be able to send and receive bitcoin tipping. The announcement comes after the site has been testing such features for months. Tips will be available for apple ios users as soon as this week and will be available for those using android devices in the coming weeks.
So, as it says here, everyone will soon be able to tip bitcoin on twitter, making the social media platform one of the first major significant companies to offer such a payment feature on its platform. I like this, that jack has used bitcoin and hasnt tried to make up his own cryptocurrency. I think that says a lot about the person themselves now, of course, thats just my opinion, but you possibly wouldnt be here. If you didnt want to hear my opinion about something – and you just wanted to hear news headlines being read out – i mentioned that because jack has also talked about libertarian views and anarcho capitalism views. This is different for everyone else. People have very strong opinions of the way society should be run. Jack has posted in august a book on anatomy of the state, and so what im talking about when im describing the paradigm here bitcoin? This is what its intended purposes were for. This is what satoshi nakamoto wanted to create bitcoin for so satoshi nakamoto wanted to create a trustless cash system. Satoshi explicitly stated that the reason for creating this digital cast cash system is to remove the third party intermediaries that are traditionally required to conduct digital money. Monetary transfers, in february 2009, satoshi wrote the following on a peer to peer, focused online forum. The root problem with conventional currency is all that is all the trust thats required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.
Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve in comparison to facebook. Ceo mark zuckerberg, who wanted to create his own currency, to be able to take fees on the the network and create their own currency for their platform. I prefer this model as it lends more to what bitcoin is about or cryptocurrency in general being that its around the libertarian point of views and the freedom of people and how we use our money and how it is directed now, the argument is still there that Of course, this is on the twitter network and twitter can shut down. Anyone just like we have seen in the past, with even the president of the us being banned from twitter, now believe this is a step in the right direction and if twitter is to ban people, yes, that is going to limit who uses bitcoin on their platform. But the ease of being able to set this up and seeing that it works. I think then signals for other companies to be able to do the same. And, yes, there are other wallets out there. But the fact that twitter has such a large base of people just makes sending payments that much easier, as most people will have a twitter account or can easily set one up. So ive got 330 million users on twitter. Overall, i like the direction that this is going in.
I know there are plenty of problems that can be faced coming up, but remember we are dealing with hundreds of millions of people. Not everyone is going to be happy ill leave. It ill leave an exact link in the description to this tweet, so you can check out this book for free anatomy of the state. Lets have a look at the bitcoin price and currently sitting at 44 800. The 50 levels that im looking at are around that 47 000.. So if we drop it back to a daily chart, we can see that we have cleared the 44. At the moment, we had a reasonable bounce at ‘ and a half thousand just like i was talking about in april and may before we had the big crash correction using some wyckoff tape reading, not necessarily looking at the patterns of accumulation and distribution. I was very, very firm on the market in may breaking past the 18th of april. This was at 60 400 give or take on different exchanges, so i was looking at around 60 500. The market had to break that and consolidate above that level. To make me change my mind that there was something not right that would possibly be going down. So, of course, i dont know what was happening in the rest of june july or august. All i saw was this happening and everyone getting super excited calling for 80. 000 bitcoins and this bull runs never ending they werent reading.
Why cough analysis or tape reading – and this bar in particular, was super important to me, because this showed the shift in the market sentiment. Huge volume, big crash and i wanted to see the market be able to recover to that price point. What weve seen so far is a very similar pattern to december through to april top weve seen the first leg, weve seen a correction, another leg, spike correction and then these get smaller and smaller, with a fake out before the crash which took out lows. Unlike these other crashes and then come back up and get us a lower top, which is a very weak signal before we came to our final major crash and so were seeing that again on a smaller time frame which weve covered on the channel. A couple of weeks ago, as well so as we were seeing it run up into this early september top especially this little. What was looking like a fake out – and we discussed it again at this previous peak, so we got a very similar move. One two three four five a little bounce here and then we got the fake out very similar here. Weve got the little bounce, the fake out and then the correction, but this is just on a shorter term time frame so im also, potentially thinking that we get drawn out a lot longer, even maybe more than what were expecting with quarter four, but that doesnt mean That i think the market is going to dump past these lows.
Of course, we need to see some support come in and then start to grind our way higher, but the beauty about taking our time is that the longer we are in this zone grinding away, the bigger the springboard, the leap will be as we break through the Highs, you can see its happened time and time again. This was from december 2017 before we broke through the highs in december 2020.. So three years you could look at it there or we could look at it in a nice triangle. Formation from these major lows using some of the other major lows through 2017, and then we get the major break and push to new massive all time highs. So we get a long accumulation here. I think well get a pretty big move to the next new. All time high down to some big crypto news crypto.com, you guys been asking for an update on them. Crypto.Com have partnered with philadelphia, 76ers theyre, also the official jersey patch partner. As you can see here, in this nice little video and their first ever 76ers nfts are coming out. How is the cro price looking well? Weve dropped about 15 cents, currently trying to push 17 cents. I dont mind this pattern, but i just i dont see that this low will be holding ive got my questions about it im concerned about it. Some lower highs at the moment some lower lows. We are above the major 50, which is good, but then the current 50, which is at 17 and a half cents thats, where i want to see this, get to and then form a base above it that would change my my view of the market.
But currently, i think well probably have some more downside on cro but thats short term overall, i think weve got some longer moves in play, which just take their time as we begin to set up before we take off as with all markets, so looking at dot Before we get on to cardano as well, dot has been setting up pretty well. This was in yesterdays video. We saw another move up of 5.7 percent. These lows are holding in there. These highs are there. Weve got higher lows, which is a good sign compared to cro, so we saw that we got the breakdown of the 7th of september. There you go, but on dot you can see that we had a higher low, so thats a little stronger at the moment. For me so im just bringing this up as well, because i have found that dot was a bit of a lager during the last period. But at the moment it is coming back its coming back its taking its sweet time, but it looks like were getting there. Nothing confirmed just yet, but the strength looks like its there. Speaking of polka dot and the polkadot ecosystem. Todays sponsor is pokedex thanks to todays, sponsor that is pokedex and if you cant tell by the name its a decentralized exchange that is built on polkadot and of course, polkadot is one of those ecosystems which is starting to get off the ground. We cover it.
Quite a lot on the channel, especially the price analysis, but in terms of pokedex theyre, looking to be the decentralized peer to peer order book based cryptocurrency exchange for the d5 ecosystem built on substrate, which is on polka dot. Now the big news for pokedex is that their main net is launching this week on september 29th. So you can stake. Your pdex nominate validate, earn your pdex on their blockchain by securing the network when you are obviously staking their pdx tokens. Now, at the time of filming this video thats, approximately 10 staking rewards for your pdex to secure the network. Pokedex is a new cryptocurrency which was launched back in april, so near the peak of the bitcoin bull market, the first section, so the p dex token is currently sitting at 20 in terms of transactions per second. They are looking at being the unmatched performance here. Pokedex scales to 500 000 transactions per second and sub millisecond latency pokedex is one of the first decentralized exchanges on the polka dot ecosystem and they are packed with features as weve covered here. High frequency trading, which is great for all traders alike. Bringing that volume to the exchange, pokedex ideo palette, pokedex fiat and decentralized kyc options as well. So if you want to learn more about pokedex, i highly suggest doing your own research and ill leave some links to pokedex in the description down below now into our last cryptocurrency, and that is cardano all right.
So weve bounced off the two dollar zone multiple times now got our head underneath that at around dollar, 80 and again 1.90 and were now seeing it hit around 2 30. At the moment, the big thing i was waiting for was a confirmed break of this downtrend and just over the last 24 36 hours, weve begun to break above it and get some closes. You can see we attempted it early this month, but the market closed under it. It attempted again and closed under again. I think this might be the start of the downtrend slowing. That does not mean that we wont break these lows, but you want to see the downtrend slow down and even if it comes back down, you can see that the angle is getting less thats the start of a movement into accumulation. Before we start our move again, you can see that the angle here was sharp and then it became less and less and a little less again and then eventually were back to horizontal and the market breaks out. So this is just about patience, but if you can start to see it form before it happens, that allows you to have that patience and move on with the market and action. Your plan that you have thats it for todays video guys, the big news on bitcoin im super excited to see where this goes and see how i can use it on twitter as well. Im excited to be able to send fast bitcoin payments over the lightning network.
This is what weve been waiting for for 12 years and im glad it is getting used with libertarian principles and principles that free the people. If you havent already smash the youtube buttons down below, you can always unsubscribe at a future date. It is free and you can go ahead and use your time in the comments section, letting me know exactly what you think of the channel if youd rather spend your time more wisely. Click on the free investor newsletter link is in the top of the description down below absolutely free, unsubscribe anytime, big specials, coming out for the tia memberships for the course and patreon coming up very soon thats all ive got for you guys today follow us on instagram And on twitter for daily crypto updates also got a q a going on at the moment on instagram so make sure youre, following over there ill see at the next video until then have more fun to get more done.