William Hernandez (@leonardocandido) • Hey
Crypto Trader with future!
Publications
- BTC/USD update: Correction territory
A correction was inevitable at some point
Against the US dollar (USD), the price of Bitcoin (BTC) has been on a tear in recent weeks, refreshing all-time highs of $ 73,845. The recent correction, however, has some traders questioning how low the market can drop. Based on the current uptrend, in place since bottoming at $ 15,581 in late 2022, three corrections emerged, with two of them dropping circa -20.0%. So, knowing the latest correction has already been as far south as -15.0%, should we be anticipating a rebound to the upside to perhaps refresh record highs?
As per the weekly timeframe, support is not expected to step into the fray until $ 56,796, which happens to be located near another layer of support at $ 51,952 and a decision point area at $ 50,619-$ 53,057. This, coupled with the Relative Strength Index (RSI) recently dropping from its highest overbought value since 2021, hints at a deeper correction this time around.
Meanwhile, price action on the daily timeframe is seen hovering north of a 38.2% Fibonacci retracement ratio at $ 60,393. Aside from this level, support is thin until the Fibonacci cluster between $ 51,440 and $ 53,172 (as a note, this area also houses a 1.272% Fibonacci projection ratio [an ‘alternate’ AB=CD bullish formation as of current price action]).
$ 60,393 could prove pivotal
With the weekly timeframe unmasking space to continue pulling lower towards support at $ 56,796, the daily timeframe’s 38.2% Fibonacci retracement ratio at $ 60,393 could cede ground and tip the scale in favour of breakout sellers.
Interestingly, should further underperformance draw price action through weekly support, the weekly decision point at $ 50,619-$ 53,057 would likely be the next downside objective for sellers. However, given that this area is complemented by the daily chart’s Fibonacci cluster, this may be a zone where serious dip-buyers attempt to enter the market.
- 3 things I like in 1 photo
Street art
Dr Martens
Camden London
- I know I complain about NYC a lot on here but there is also something incredibly magical about the chaos of this city.
This is the park near my apartment where I got engaged last year. This artist comes once a year to park outside. I managed to catch him on my way out and buy a painting of the exact corner of the park where I was proposed to ✨
Happy days! Now back to being yelled profanities at on the street….
- Happy Friday ❄️
Ski season is still ripping!
60 #BONSAI
24% referral
48 hours
#alimo #lens #refraction #bonsai #ski #snowboard #nft #art
- Decor sometimes looks like it’s hiding something. I prefer to see the hooks.
- ps. I am not 💀🤣
- ladies when i arrive at the party
- I think 1k likes is my most ever on lens which is insane I had no where close to 1k followers
- Forever progenitor of cool, Ryuichi Sakamoto gracing the covers of his Sweet Revenge LP and singles 💛❤️💙💚
- we already knew that this would eventually happen
- Thought spew.
I think there should be way to create your own notification curations.
This is my set up on X . Mainly for the fact I would never see anything else but notifications.
However. I think there should be “default Lenny”
But if you change from the default to a selection of lenny variants it’s not a default still
Giving you a Lenny PFP.
Now with that I think a selection of following , default Lenny (not the variant) .
As a filtering potential. And to kind add more differences which currently so many default Lenny’s makes it hard to separate one use from another sometimes without reading their name.
- PEPE PET ROCKS 🐸🪨✨
Over the last two months I've been creating a collection of living pet rocks! They are all carefully drawn by hand with ink on paper and made with luv
This will be my first big art collection drop, and I'm hoping to have the first set ready to mint next weekend! Follow me to stay updated! 💜🌈
- Gm
Another day, another art drop 💙
5 editions
- GM and Happy Sundayy!!
Do you have 2 seconds to spare? 👀
Trying to grow my TikTok, would mean a lot if you could shoot me a follow there🥹👇🏼
https://www.tiktok.com/@iamlosi_?_t=8kNKQG3VFLK&_r=1
https://www.tiktok.com/@iamlosi_?_t=8kNKQG3VFLK&_r=1
- gm friends
My type of 'where's Alimo?'. So many fun stories baked into this drawing. Hope you enjoy :)
'Opening Day' on @KnownOrigin_io
(available)
Have a rad Sunday
https://knownorigin.io/gallery/17547000-opening-day
#alimo #lens #refraction #nft #beachday #digitalcollectible #fun #openingday
- 🪩✨🖤
- For past 2 weeks, me & my team did all the hardwork for Blast Big Bang hackathon. We're almost finalized everything for a basic yield supported NFT purchase & hold buyer's X amount of ETH on escrow unless the seller's listed amount gets fulfilled. But we went out of time, & couldn't finalize our smart contract as y'all know the rush hours always messes things up.
I'd been working with fever above 100 degree Fahrenheit. Then another day we realized that they expanded the submission date but we already gave up on it for being too late. I was diagnosed with Chickenpox at that morning too. We hustled straight 2 weeks but at the end it doesn't work how we expected. Its all fun game & not every day is your day. Be humble, work hard, but never the fruits.
Failure should always humble you in life. Life is good. Its not always a win game, sometimes we learn.
- I've always said that my life defines Mismir just as much as Mismir defines my life
Viewing it as a mirror of myself the values I cherish and advocate for are at the core of Mismir - Love. Kindness. Empathy.
Through these values, genuine connection, expression, and empowerment can truly flourish🌹🧬
- “And so, for me, resilience is really important because with that, you have to adapt and you have to be able to move and change. … I really want [people] to be able to see in the future or be able to have some sort of imaginative concept that there is in the darkness … there’s always light." - Artist **Cydney Lewis** on Afrofuturism and their climate change focused art practice.
https://gallery400.uic.edu/exhibition/earthlyvisions/
- Super excited to share that I'm stepping into #SheFiSeason10 as a SheFi Scholar! 💫 Embracing the web3 journey with a squad that champions The Frontier Is Feminine (& Queer).
**Here's to uncovering what lies ahead, together!** @zerion @lens/shefi
- I went a little far in contributing. #Scroll
- GM frens!
New animation piece dropping on Ethereum today 💚
***'SWING TREE'***
The second piece minted to the *SOJU Editions* collection. Inspired by a plant character from my recent collab piece with @lens/lens 🪴🍋✨
-Open edition for 30 days
-minting on Manifold for 0.00777 ETH
https://app.manifold.xyz/c/LEMON
- gm
- ☀️Gm #Lens fam!
Keep creating, let’s grow the garden 🌿
@lens/lens
- **2 Reasons Bitcoin Could Challenge Record High of $ 69K Before Halving**
Bitcoin tends to rally over 30% in eight weeks leading up to the reward halving, according to 10X Research. Bitcoin's fourth halving is due on April 19.Bitcoin's daily RSI has crossed above 80, a threshold that has historically presaged 60-day gains of over 50%.
Bitcoin tends to rally over 30% in eight weeks leading up to the reward halving, according to 10X Research. Bitcoin's fourth halving is due on April 19.Bitcoin's daily RSI has crossed above 80, a threshold that has historically presaged 60-day gains of over 50%.
**Pre-halving bullishness**
The theory that bitcoin, the leading cryptocurrency by market value, bottoms out 12-16 months ahead of halving and chalks out uptrends ahead of and a year after the halving is well known by now.
More importantly for traders, the previous three cycles centered around the halving show prices surged by over 30% in eight weeks leading up to the quadrennial event, which reduces the pace of supply expansion by 50%. The halving due on April 19 will halve the per-block reward to 3.125 BTC from 6.25 BTC.
"Bitcoin rallies an average of 32% in 60 days ahead of the halving," Markus Thielen, founder of 10X Research, told CoinDesk.
At press time, bitcoin changed hands near $ 52,000. A 32% rally from here, in accordance with the past data, means prices could trade close to the record high of $ 69,000 on or before the halving day.
"The closer we reach the Bitcoin halving, the higher the probability that bitcoin will rally, as the evidence from the last three halving cycles shows. This time will be no different as the perception within the crypto community is high that the halving is bullish. This perception is undoubtedly flowing into the TradeFi community, which is aggressively buying these Bitcoin ETFs ahead of the halving," Thielen added.
Strong inflows into the U.S.-based spot exchange-traded funds (ETFs) suggest a bullish mood among traditional investors. These regulated ETFs allow investors to take exposure to the cryptocurrency, bypassing the hassle of storing coins.
- It's probably best to have a number of idea validation strategies 😮💨
- Innovation without permission
New features and apps can be built on top of decentralized protocols without needing approval from platform owners. This leads to faster innovation in social features.
- Bros & Sis 🎙
We're creating an OGs List on @lens/buttrfly 🌿
Who should we get in on the list? Help us build it and shill the OGs in the comments 🤗
#LMCC
- soon this year my bio will change to:
“I’m a mommy and airdrop huntress, ex- fries nft specialist”
can’t wait ngl
- gm - a fav from proyecto nasal in cdmx ❣
- 🇮🇹Duomo di Milano ⛪️
- Gn FRENS
I present you my latest work
https://twitter.com/LuetasNFT/status/1755282913136877895?t=jp3_6xEKhSLq-8pYURL5_w&s=19
https://twitter.com/LuetasNFT/status/1755282913136877895?t=jp3_6xEKhSLq-8pYURL5_w&s=19
- **Bitcoin ETFs in and Around Asia After U.S. Approvals? Analysts Are Optimistic About Momentum**
The much-awaited approval of spot bitcoin [BTC] exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) can give unprecedented momentum for similar regulatory approvals in and around Asia, even if some regions may not necessarily or immediately be able to create the ideal policies for such a move, multiple analysts have told CoinDesk.
U.S. based industry analysts and experts have feared for some time now that the nation “could miss the bus” if it doesn’t put in place clear, and perhaps favorable, regulatory policies for the crypto space. The approval of spot bitcoin ETFs in the U.S., though, gives it an edge ahead of at least Asia and Africa (the European Union and other nations already have bitcoin ETF products).
Given jurisdictions in and around Asia have particularly been vying to become crypto hubs, expectations for a bitcoin ETF are higher there than in Africa. The UAE, Singapore and Hong Kong have, to different degrees, framed policies that attract retailers and financial institutions interested in the crypto space. But none have so far given regulatory approval to a bitcoin ETF-like product.
CoinDesk spoke to more than a dozen analysts and industry participants, a majority of whom said that Australia would likely be the next country to approve spot bitcoin ETF products. Hong Kong has voiced the most interest in achieving the reality of a bitcoin ETF approval and that the U.S. approval could move things along faster for almost all the jurisdictions in the area.
- Maybe my next electric car for 2030 .... ok ... maybe
- Byyye
- happy monday <3
- GM everyone! 🌞 It's Storytime!
Disconnect to Reconnect
In the heart of a bustling metropolis lies a small, verdant park, a rare oasis amid the urban sprawl. Here sits Grandpa Joe, an elderly man with a gentle smile, on a well-worn bench. His cane rests beside him as he scatters breadcrumbs to a flurry of eager pigeons, each scattering a small act of defiance against the encroaching city.
Across the bench, Alex, a young man, enters the scene, his face bathed in the cold glow of his smartphone. Emojis dance in the reflection of his eyes, a digital world consuming his attention. Grandpa Joe casts a wistful glance at the youth, a silent testament to a generation lost in the virtual.
A sudden clank disrupts the moment. Alex's attention snaps to reality, noticing the cane fallen at his feet. He returns it to Grandpa Joe, an awkward exchange bridging the gap between their worlds. Grandpa Joe nods in thanks, his eyes crinkling with a knowing smile.
As days unfold, the park becomes the stage for an unspoken camaraderie. The cane's clank becomes a ritualistic call, pulling Alex back from his digital trance. Each time, he returns it to Grandpa Joe, their interactions growing less awkward, more familiar.
One day, Grandpa Joe extends a piece of bread to Alex. Bemused, he accepts, mimicking the old man's motions, tossing crumbs to the pigeons. A single bird, bold and curious, pecks at Alex's offering. A smile breaks across his face, a connection made. His phone, once a tether, now rests forgotten in his pocket.
Time passes, and the bench witnesses a transformation. Alex now sits where Grandpa Joe once did, scattering bread to the pigeons.
A new figure, Sarah, absorbed in her own digital world, sits beside him. A phone clanks to the ground, echoing the familiar call to presence.
THE END
https://www.mindattic.io/disconnecttoreconnect
Calling all collectors and friends @akiba @carstenpoetter @arjantupan @usmfit @0xmoe @avadi - Your support in 2023 has been phenomenal! Thanks for making it an unforgettable year and fueling the journey ahead. 🚀
@creators @lensprotocol @refraction
#FlashFiction #ShortStory #Storytime
- Every little contribution counts. I am honoured to be a contributor. I hope to do more in 2024
- Everyone knows inflation is caused by climate change
- Planning to finally join ink dao this month. It’s a hard choice between OG 721 or more future proof 1155
- Gm gm! I recently started the Consensys course on Ethereum upgrades. It is quite good so far and highly recommend it for anyone wanting to get a better understanding of this!
https://courses.consensys.net/courses/understanding-ethereum-network-upgrades-dencun-december-2023-january-february-2024
- Gm
- Gm frens 🌿
Floating with stars ⭐️
5 editions
- This is your Monday morning reminder that you can handle whatever this week throws at you.
- **Holding Bitcoin in ‘best interest’ of spot ETF issuers — Analyst**
Some analysts say that holding actual Bitcoin is in the “best interest” of ETF issuers, while others argue that the cash-create model won’t allow one to track BTC holdings.Amid the ongoing hype about the potential approval of a spot Bitcoin
BTC
$ 43,998 exchange-traded fund (ETF) in January 2024, some industry analysts have expressed concerns about some ETF-associated problems, including the issue of backing.
Josef Tětek, a Bitcoin analyst at the hardware crypto wallet firm Trezor, said in December 2023 that spot Bitcoin ETFs may take people further from self-custody and potentially create “millions of unbacked Bitcoin.”
Tětek said that such ETFs could possibly end up in so-called “paper Bitcoin” in one of the bad scenarios.
Tětek’s statement has triggered significant feedback from the community, with many considering such claims as FUD. In contrast, others raised the question of how one would be able to ensure that an ETF issuer actually holds Bitcoin for its clients. Some crypto observers noticed it would be great to see “actual on-chain addresses” published in addition to the issuers’ BTC holdings reports.
It is “unlikely” that ETF administrators would create “unbacked BTC equivalents or misrepresent their backing assets,” according to David Gerard, author of the book and crypto blog *Attack of the 50 Foot Blockchain.*
“This is regulated finance by well-known entities, and I don’t think unbacked ETF shares is a realistic threat model,” Gerard told Cointelegraph. Gerard didn’t elaborate on whether clients would be able to track BTC holdings by issuers.
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Bloomberg ETF analyst Eric Balchunas compared spot Bitcoin ETFs to gold ETFs, stating that a spot BTC ETF would be very similar.
“Gold ETFs are also ’33 Act grantor ETFs. They have been around for 20 years now. And every day, State Street for gold puts how many tons of gold are being held at the custodian. This will be the same thing,” Balchunas said in an interview with Cointelegraph on Dec. 28. The analyst stated:
“I can’t overstate how by-the-book these asset managers are, okay. Not only do they not want the legal trouble, they wouldn’t ever want the PR blow up if they didn’t actually hold the Bitcoin nor would they totally short Bitcoin if they didn’t buy it.”
Balchunas said that companies like BlackRock or Grayscale are “totally vulnerable” to Bitcoin volatility. “Let’s say they just weren’t buying Bitcoin, sort of like Sam Bankman-Fried style. And all these people had shares in Bitcoin,” the analyst noted, adding:
“Not only are they required, not only is there a huge track record, but it’s in their best interest to hold the Bitcoin [...] They just want to provide the access and make the expense ratio, which is whatever 60 basis points.”
The only thing that might not be interesting in the spot Bitcoin ETFs — in their current most-likely form of cash-create — is that the investor will not get Bitcoin back instead of cash.
“But if you’re the kind of person who wants Bitcoin back, just own it directly,” Balchunas said, referring to self-custody, which is believed to be a significant part of the original vision of Bitcoin by the anonymous creator Satoshi Nakamoto.
“But anybody who owns a mutual fund or an ETF, and collectively they have like $ 30 trillion in assets, nobody wants to touch the underlying,” the Bloomberg ETF analyst stressed.
Despite many industry observers being confident that there’s no reason for ETF providers to misrepresent their BTC holdings in the cash-create model, others are still sure that there is a problem.
“The only way to be certain that ETFs would not lead to any paper Bitcoin claims would be if the ETF shares were redeemable for actual Bitcoin,” Tětek told Cointelegraph.
“But since the proposed ETFs are all cash in, cash out, this won’t be the case, and holders will have to trust without any option to verify,” he added.
- Gm film lovers 🥰 We hope you had a nice Christmas time 😍
The mint is still open: https://electric.film/mint
Mint an NFT and be part of the Founding members😍
- GM
Testing AI generated GIFs. This plays on Twitter but seems to not work on Lens (using hey.xyz) anyone sees the animation?
- gm
- Very interesting read by @lens/vitalik "make ETH cypherpunk again"
https://vitalik.eth.limo/general/2023/12/28/cypherpunk.html
#ETH #Cypherpunk