Approaching Bitcoin With A Beginner’s Mind
Meditating on one of the World Prayers can offer a perspective from a beginner’s mind about Bitcoin and money, which may allow for inner guidance.I’m a long-time student of a spiritual practice that has 365 lessons to help us train our minds with a new way of seeing. During a moment of quiet contemplation, one of those lessons came to mind and I realized it could be applied to Bitcoin. Lesson 189 asks us to, “Simply do this: Be still and lay aside all thoughts of what you are and what God is; all concepts you have learned about the world; all images you hold about yourself. Empty your mind....
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Following three consecutive sessions of declines, BTC was fast approaching its support level of $40,000 on Friday, as markets prepared for February’s nonfarm payrolls report. This came as ETH also fell lower, and is approaching its own floor of $2,500 in the process. Bitcoin BTC bulls have been few and far between over the last few days, as the world’s largest cryptocurrency faced growing pressure from bears. This pressure came following Tuesday’s climb to the resistance level of $45,000, which then triggered an onslaught of short sellers, who entered the market. As....
Uniswap is an automated ethereum-based crypto exchange with its own governance token, UNI.
Here's a look at what we are focusing on in the bitcoin price this morning. In yesterday evening’s analysis, we noted that the bitcoin price seems to have settled down a little bit, and that this might indicate some degree of longer-term support. After the recent decline seen across the last week or so, some support is due, because although it seems like things are in freefall right now, they cannot stay that way indefinitely. Markets have to rebalance at some point, and with any luck, we are now approaching the balance point. Of course, it’s impossible to say for sure, but that’s how....
Bitcoin price eeks it out in a narrow range. Some lows, some highs but none of them to a new extreme. The eventual direction of trend remains unclear. Vigorous upside, today, is approaching an overhead resistance zone that has held back advance since late 2015. Although the latest advance is overbought and diverging, the push higher may have another upside wave in store. Bear in mind that it is not the right moment to bet long just yet. We want to see price establish above the long-term resistance near $432 (Bitstamp) before we consider a buy position. Both the 4-hour (not shown) and....
Ethereum started a sharp downside correction below $1,200 against the US Dollar. ETH price is down 20%, but is approaching a crucial support at $1,000 and the 100 hourly simple moving average. Ethereum failed to stay above the $1,200 support and declined heavily below $1,150. The price is down 20%, and it is approaching the […]