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Bitcoin “Supertrend” Begins As Buy Signals Stack On All Major Timeframes

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Bitcoin price is above $60,000 and bears are in disbelief. But they shouldn’t be, as bulls have long been in control of the trend. It had only been lower timeframes that had flipped bearish, while the most dominant trend had remained up. According to the Supertrend, all of the most important timeframes have since flipped bullish, with buy signals appearing across the board.

Here is a closer look at what the tool says, the only remaining timeframe without a buy signal, and more information on what the Supertrend technical indicator does.

What The Supertrend Says About The Bitcoin Bull Run

When Bitcoin and other cryptocurrencies are trending, they move fast and hard. During uptrends, coins post tens to hundreds of thousand percent rallies. Downtrends then wipe out 99% of that progress. The cycle then repeats and it happens all over again.

Trends take place across multiple timeframes. For example, a short-term downtrend on daily timeframes might last weeks, while a monthly downtrend could take years to turn around. The same is true for the opposite direction, which is what bears missed this time around.

Related Reading | How 90-Year Old Market Wizardry Predicted The Bitcoin Breakout

Bitcoin price flipped bearish on daily and even weekly timeframes, but failed to flip fully bearish on the monthly timeframe. That is at least according to a technical indicator called the Supertrend, which gives fairly straightforward buy and sell signals.

On monthly timeframes, Bitcoin never fell bearish, and has recently flipped back bullish on the daily and weekly timeframe.

From left to right: Monthly, Weekly, Daily timeframes | Source: BTCUSD on TradingView.com

Buy Signals Stack As BTC Approaches Pivotal Point

According to eLearnMarkets, the Supertrend is a trend following indicator “similar to moving averages.” It is plotted along with price action, using only a period and a multiplier for its calculation.

“When we construct the Supertrend indicator strategy, the default parameters are 10 for Average True Range (ATR) and 3 for its multiplier. The average true range (ATR) plays a key role in ‘Supertrend’ as the indicator uses ATR to compute its value and it signals the degree of price volatility,” the site description reads.

Essentially, the tool projects a moving average-like line based on the Average True Range, when which broken, issues a buy or sell signal depending on the direction.

BTCUSD_2021-10-15_13-34-50

The two-week still hasn't triggered a buy signal | Source: BTCUSD on TradingView.com

Buy signals have been issued on daily, weekly and monthly as pictured at the top of the article, but the chart directly above here shows that the two-week timeframe has yet to be penetrated, leaving one more box for BTC to check before new highs are guaranteed.

Related Reading | Bitcoin Price Prepares To Blast Off Back Into RSI “Bull Zone”

The fact buy signals are only just triggering as Bitcoin is hitting former resistance and what was supposed to be the bull market “top” is probably the best proof yet that what happened in April 2021 was no cycle peak.

As for what price that might happen yet, we’ll be watching the Supertrend closely for when the next sell signal triggers.

Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice.

Featured image from iStockPhoto, Charts from TradingView.com

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A New Collaboration Expands Fundraising Opportunities: Synapse Network Partners with Constellation

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San Francisco, California, 9th December, 2021,

Revolutionary investment ecosystem Synapse Network and transformative blockchain ecosystem, Constellation Network, have announced a strategic partnership. This collaboration marks the beginning of a successful relationship designed to expand equal opportunity fundraising for exciting smart-contract-based projects.

Both Synapse and Constellation Network, through its Lattice Exchange DeFi platform, aim to allow anyone with crypto*, regardless of amounts they hold, the ability to discover, access, and support early-stage crypto companies before their token gains widespread adoption on popular centralized exchanges. Traditionally, early-stage projects have received backing from large crypto holders. Still, with platforms like Synapse and Lattice’s Launchpad, they make it available for anyone to get involved on the ground floor.

“Constellation is building an ecosystem of inter-connected blockchain products that can be used by anyone in the industry with ease,” explains Constellation COO and Co-founder Mathias Goldmann. “Following similar interests, Synapse has garnered incredible traction and community around their multi-chain platform and services that lower the threshold for entry into the industry.”

With a tiered system that allocates a specific amount of resources to anyone participating in their partner presales, Synapse welcomes individuals into projects during phases usually reserved for big corporations or collaborators, with IDOs reaching staggering numbers. In 2020, nearly 350 companies attracted about $2.3B dollars (Bloomberg). Lattice Exchange enjoyed similar successes with projects such as Alkimi Exchange, which saw almost $10M USD staked during their initial Launchpad listing in August 2021 in under five days.

Synapse Founder and Co-CEO Paweł Łaskarzewski looks forward to what’s ahead. “Working with Constellation is another milestone achieved for the Network,” he explained, “and I’m sure that we’re going to create amazing things together.”

As growth continues, Synapse is adding multiple tools to their valuable service, including their own DEX, Gaming Ecosystem, and what is essentially the first take of a financial institution in crypto, catered towards the users, not towards big corporations. 

The first partnership takes off: Geojam

The first partnership between Synapse and Constellation, launched on Synapse in Dec 2021, is Geojam, the social music community and iOS application that connects fans, artists, influencers, and brands. Geojam is building on Constellation’s Hypergraph and, as a result, has received a lot of attention from the Constellation and Lattice Exchange community. Geojam aimed to raise $5.9M and has been oversubscribed with crypto enthusiast interest for months. According to Geojam COO and Co-Founder Sam Krichevsky, getting more people involved in their platform made perfect sense. “Geojam is building the future of the creator economy by merging social networking with concepts of decentralized finance.”

Following the IDO on Synapse, GeoJam expanded their distribution opportunities by also launching on Lattice Exchange’s Launchpad on December 6, 2021, with over 4M $LTX (equivalent to about $4M USD) staked on the platform in the first 24 hours.

Launching on both platforms allowed Geojam to garner more interest in their vision while tapping into more potential application users.

“We’ve already built a rewards-based economy in our iOS app, and Constellation is the perfect partner for us to bring our platform to the blockchain with their Hypergraph network,” continued Krichevsky. “Synapse and Constellation have developed very active communities with their multitude of offerings and have already seen a lot of follow up and interest from Gemstarter.”

A shared long-term vision for decentralization

Co-CEO Łaskarzewski is excited about the shared goal of a free, decentralized market. “We founded Synapse with the intention of bringing a financial revolution in the crypto space,” he said, “and we’re proud to say that day by day, step by step, we’re seeing the change happening by our hands.”

Constellation’s Goldmann agrees. “We are very much looking forward to working closely with the Synapse team,” he said. “Our alignment in vision and mission make an ideal partnership to grow and mature the crypto industry together and offer a suite of new opportunities to our communities and project builders.”

*Participation in Launchpads is subject to country of residence and jurisdiction is determined by the project* 

About Constellation Network

Constellation is a blockchain ecosystem that bridges crypto economies with traditional businesses. Their $DAG currency runs on their feeless decentralized network, called Hypergraph. Businesses come into Constellation’s ecosystem to build applications, mint cryptocurrencies, and build awareness of their company and vision. Lattice Exchange is a decentralized finance platform developed by the Constellation ecosystem, where people use the $LTX currency to access governance and support early-stage cryptocurrency companies. Constellation and Lattice focus on expanding the use cases traditionally seen in the blockchain industry as existing ecosystems. Their technology is limited by scale because of speed and costs. Learn more at www.constellationnetwork.io or go to Kucoin.com, Liquid.io, or LCX.com to find ways to get $DAG and $LTX.

Constellation Website: www.constellationnetwork.io

Lattice Exchange Website: Lattice. exchange 

Constellation Twitter: https://twitter.com/Conste11ation

Lattice Exchange Twitter: https://twitter.com/LatticeExchange

Constellation Telegram: https://t.me/constellationcommunity

Lattice Exchange Telegram: https://t.me/Lattice_exchange

About Synapse Network 

Synapse Network aims to bring the idea of a fully regulated financial institution backed by DeFi products to the masses. Synapse Network is a team with over 20 years of hands-on experience in business, start-ups, technology, banking, as well as blockchain solutions. Synapse is dividing its product offering into two broad streams – the retail and institutional stream. In the retail stream, the goal is to provide retail investors from the traditional financial markets the ability to invest their fiat money into DeFi products to get higher returns than the low returns that traditional banks offer. The institutional stream will enable companies from traditional markets to use crypto as a reliable investment vehicle and a transactional asset for their daily operations. It will also offer innovative crypto-friendly solutions to facilitate the seamless exchange of crypto to fiat easily for companies struggling with this problem. Synapse is the bridge to a new world of fundraising across all smart-contract-based blockchains. Accessible for everybody, with a democratized tier system redesigned from scratch, allowing to invest at any stage of project development.

Synapse Network website: https://synapse.network 

Synapse Network Twitter: https://www.twitter.com/SynapseNetwork_ Synapse Network Telegram: https://t.me/Synapse_official 

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izumi Finance Closes Series A Fundraising With $3.5 Million From DeFi and Crypto Investors

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Singapore, Singapore, 9th December, 2021,

izumi, the innovative protocol that provides programmable liquidity mining on Uniswap V3, has successfully closed its Series A fundraising round of $3.5 million.

Including this last investment round, izumi has raised a total of $5.6 million. The recently acquired funds are going to facilitate izumi’s native token (iZi) launch, which will happen on December 20 and will be immediately followed by the launch of the izumi “LiquidBox” platform on December 21. The Series A fundraising has seen the participation of investors like Mirana Ventures,  IOSG, Cadenza, FENBUSHI, EVG, Hashkey, GSR, CyberX, Bixin, WOO Network, Dorahacks, Gate Labs, MEXC and individual investors from Nansen, Perp, Chainlink, and Babel.

izumi is building a fresh and innovative tool that is highly needed in the DeFi ecosystem, especially after Uniswap has released its V3.

Thanks to the innovative concentrated liquidity model in Uniswap V3, liquidity providers have been able to bond their assets to one or more tight price ranges, a feature that should help them by capturing much more transaction fees for the same investment.

Unfortunately, some studies have revealed that investors actually end up losing capital due to increased impermanent loss. Defining tight price ranges means being left exposed 100% to the asset losing in value should the price break out of the range.

izumi’s innovative liquidity mining tool “LiquidBox” solves a number of issues in both Uniswap V3 mining and the classic Uniswap V2 design, allowing investors to increase their earnings and for projects to more efficiently attract liquidity with token rewards.

This is made possible by LiquidBox’s design of allocating reward tokens according to specific rules to achieve the best outcome for the projects. For example, one model involves only providing buy side liquidity to Uniswap V3 and using the other portion of a portfolio to farm rewards directly. This ensures the user only suffers some downside impermanent loss but nothing on the upside. izumi also features innovative models like providing liquidity only to specified ranges, solving the “Pool2 dilemma” of excessive dilution.

izumi’s customizable models create a win-win situation both for users, who are going to earn by staking their tokens on izumi, and for the projects, who will be able to take advantage of larger and cheaper liquidity pools.

“izumi is building another missing lego in the DeFi puzzle by helping projects achieve target liquidity distribution, including enhanced concentrated liquidity, with a suite of tools. We are very glad to be working with them on this ambitious and critical task!” – said Xinshu Dong, co-founder of IOSG.

“izumi’s vision is clear and meaningful: to help projects attract on-chain trading liquidity in an efficient and continuous way,” added Jimmy Yin, co-founder of izumi Finance. “LiquidBox of izumi will be our first step, and a multi-chain liquidity solution is on the way. We sincerely welcome every project to izumi to come to us for better and cheaper liquidity.”

About izumi

izumi Finance is the platform providing programmable liquidity as a service on Uniswap V3 multi-chains. It proposes LiquidBox liquidity mining platform to provide Uniswap V3 LP token staking rewards non-homogeneously in different price ranges, which could improve the efficiency of incentive distribution for reward providers and enhance the earnings of liquidity providers in Uniswap V3. In addition, izumi will extend liquidity service to multi-chains with built-in DEX and bridge in the future.

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Blockasset Announces BLOCK Public Sale, Rekindles Athlete-fan Relations in Post-pandemic Space

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Sports NFTs are getting an upper hand, sent by closely-knit communities around sports stars, teams, and leagues. The big “calling” for fans is how they can get closer to their favorite athletes, collaborate with them and even have an impact on some of their decisions. Blockchain is the enabler for all of this, and Blockasset is what blockchain looks like when it’s an adrenaline-pumped fan shouting “LET’S GO!!!”.

Aiming to connect star athletes and clubs with their fans via cutting-edge tech, Blockasset sets up collaborations with major sports celebrities, builds a community of fans and fan-vestors, and brings real utility to NFTs, fan tokens, and $BLOCK – the staple token of the platform.

What are the benefits for athletes, fans and investors?

Blockasset offers an effective way for famous athletes to launch their personal NFT collections and boost a network effect across the energized user base.

This model has already stood big with many wins to be proud of. On two occasions, the NFT collections broke the sales records on Solana: when Giorgio Chiellini rolled out his “Gladiator” set in July and when “Legends” NFTs dropped in the first week of November. Legends brought together 5 famed athletes, trooping Muhammad Ali and Alexander Ovechkin. All fungibles got snatched within 9 minutes, grossing $5 million in sales.

Fans are ravished with unique real-world perks and rewards, such as Discord servers VIP membership, signed merchandise, draws for exclusive merch, as well closed-door AMAs with athletes and even in-person meet-and-greet events. Uncovering the immense power of the “collaborative economy”, Blockasset lets users participate in fantasy leagues with athletes, and influence their decisions about signings and other joined projects. This is how users are incentivized to accumulate tokens for their needs and keep active within the ecosystem.

Those wishing to invest in sports, too, get to have a unique suite of sports-focused assets. It’s not even disruption, but just “ruption”, as new investors are drawn into the space with anti-inflationary and uniqueness that NFTs have. Onboarding has been made easy: and users can easily purchase $BLOCK with fiat. With sports platforms like Blockasset, early adopters get the chance to leverage the potential of the nascent sector – before the majority of fans and collectors even get a whiff about the new opportunities that mix up a fervor of pro sports and innovation.

$BLOCK: internal token with embedded utilities

The community is king, while, when it comes to technologies, utility is the queen. $BLOCK is an internal utility token that opens access to all features and functionalities on the platform. The virtuous cycle pushes up the price of $BLOCK with users constantly staking and using the token.

Holders of $BLOCK may stake the token to receive a steady stream of ASSET – another token used to access specific features within the ecosystem. At the same time, those paying with $BLOCK at the internal NFT marketplace will enjoy significant discounts.

Besides that, $BLOCK is used for platform governance, such as taking decisions on where the platform would go feature-wise. In contrast to general-purpose NFT marketplaces, users can also vote on various aspects relating to their favorite athletes: for instance, what music they play at specific events, and which NFTs they present there.

Play-to-earn, yet another feature powered by $BLOCK, will roll out in Q2 2022, boosting the engagement and interactions among fans, investors and sports celebrities even further. The project’s whitepaper envisions independent universes of games and NFTs developed by specific companies and clubs, all under the aegis of Blockaccess.

According to the platform’s representatives, the public sale of $BLOCK will take place on December 9 on DaoMaker, Solanium and Raydium. The sale will offer only 3.84 million tokens for purchase out of the total supply of 320 million.

More interest towards segment-specific NFTs

Investors are starting to pay more attention to NFTs that focus on specific segments, such as sports, music, gaming. This is understandable as the industry discovers the potential use cases, and the markets get more and more segmented. Sports is clearly among such niches, and Solana-based projects are leading the way thanks to the lower barrier to entry and easier interactions.

The community will continue to discover various ways to leverage the power of $BLOCK through leaderboards, NFT trading and staking, play-to-earn, and supporting initiatives by athletes. With more use cases comes the potential for sustainable upward price dynamics.

Don’t miss the boat on this amazing project, and consider taking part in the $BLOCK public sales on December 9. Readers can find out more information at the official website and follow Blockasset’s Twitter account – some serious buzz is happening there.

 

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