Knownwiser

Technical analysis mainly uses 2 major tools i.e. Candlestick patterns and Indicators. Let's take a look at candlestick pattern first. A candlestick pattern has a body, upper and lower wig/shadow. The pattern start when the first trade is executed which marks the opening of the pattern then the price moves to the higher and lower prices within the specified time frame like 5m, 15m, 30m, 1D,etc. then finally marks the closing of the pattern if the close is higher than the open then its a green candle and if the close is lower than the open then its a red candle.

(High) H - |
|
| - C (Close)
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(Open) O - |
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| - L (Low)

There are few important assumptions to candlestick patterns:-

1. Buy strength and sell weakness.
2. Be flexible – quantify and verify.
3. Look for a prior trend.

One of the major advantages of Technical Analysis is that we can apply it into any asset class (stock, crypto, forex, etc.) which has Historical Time Series Data like open, high, low, close, volume, etc. Its like once you have learned to drive a Lambo you can drive any car. Technical Analysis is based on a few key assumptions:

1. Markets discount everything.
2. "How" is more important than "why".
3. Price move in trends.
4. History tends to repeat itself.

"Technical Analysis" (TA)

What Should we expect from Technical Analysis? This is a very important question to ask rather than asking and comparing it with Fundamental Analysis.

Many people don't actually understand it and use it for long term investments. Their core assumption of applying TA is that "HISTORY REPEATS ITSELF" which is the very true and compulsory thing to keep in mind while using it but it is only true for Short-term trading. It gives us expected entries, exits, risks, rewards and holding period which is what exactly a trader needs for a short-term price action. If you want to be an investor or long-term trader than Fundamental Analysis is the tool which is more likely to be used.

You will see many people showing fancy drawings, charts, indicators and what not but you don't understand 😅 which is completely humanish😐. So do you have any official source to teach you? 🧐 Don't say CHATGPT or AI 🥴. They are drunk 🍾. Next is youtube ▶️ are you serious?🫩 Its a very good source but do you have so much time⏳️ to search 🔍 and filter out good educational videos🥵.

I have heard 👂from many good trader🧑‍💻 and Investor 🕵 saying that in order to be profitable 📈 one should have a good trading partner🫂 or a good mentor 👮‍♂️if you have both they will take you to the moon 🌚.

We have THE Binance 🔶️ here they will teach 👨‍🏫 you perfectly. I myself 🤓 actively trying to learn 📖 but I need more people 👥️ to connect and join me 🤝 So that we can have discussions 💬 and share 📤 some extra knowledge which we have learnt.

So are you IN...💯

@Binance BiBi Share the link of beginners course and tell me which topics are getting covered from basics to advance level.

@Walrus 🦭/acc Token Unlock is one of the biggest events for any project as I have said this before, after the unlock a new chapter begins, a new price discovery happens, new investors hop-in and many more new things happen.

632.7M $WAL token will be unlocked which is 12.5% of the total supply which currently worth $80.92M. The token price may have a major shift within few weeks, what do you think will VCs let the price shrink? No, they will play their OTC game the whales will buy these unlocked bags privately and probably we will not see a big price correction but on blockchain nothing goes unnoticed we can see their activities On-Chain. Let's wait and see what happens I am excited to see their moves 😁. #walrus

@Walrus 🦭/acc is backed by the some of the most notable VC's in the crypto industry. They have raised $140M combined in Private Token Sale. #Walrus has one of the deepest pocket in terms of investor backings. This shows VC's confidence in the project and future growth. VC's allocations are in lock-up period which is very important for the token valuation. Only 7% is owned by them which is gonna unlock in March 2026. This will be a very important event for the project as we may see a new price discovery their move may not impact the token price with a very huge correction but it will show their confidence in the project which can't be overlooked by the long term investors. A NEW BEGINING OF $WAL WILL BE SEEN AFTER MARCH.

TIER - 1

1. Andreessen Horowitz (a16z crypto)

TIER - 2

2. Standard Crypto (Leading)

3. Electric Capital

TIER - 3

4. Franklin Templeton Investments

5. Karatage Venture

TIER - 4

6. Comma3 Ventures

7. Protagonist

8. Raptor Group Corporation

9. Lvna Capital Venture

TIER - 5

10. RW3 Ventures

Lets have a look at Decentralized Storage Infrastructure (DSI) projects other than @Walrus 🦭/acc for the sake of understanding I have clubbed them into groups according to the market cap but before that I am gonna give you an overview about how big the industry is, the total market cap of the DSI sector is valued at 7.4B - 9B projections to reach $61.2 billion by 2034. Top tokens see a daily volume of $50 million to $500 million in total depending on the market condition. FDV is often 3x-10x higher than current market cap due to long vesting schedules. Hope this gives you a rough estimated valuation of the sector.

The Big Three

@Filecoin

This project is very interesting to study its current market cap hovers around $900M - $1.1B with an average price of 1.3$-1.5$ per token. The ATH of the token was 237$ on April 01 2021 🤔. You must be thinking why it lost ~99% well find the answer and reply me in the comment there is a learning. This project is based on the IPFS (InterPlanetary File System) technology it handles how files are addressed and moved instead of using a URL (location-based), it uses a Content ID (hash-based) to find data no matter where it is stored. #Filecoin is the incentive layer (the money) that pays people to keep the map working like $WAL is for #Walrus .

@BitTorrent_Official

The Current market cap of this project is approximately $412M and ATH price 0.000003054$ (for the new $BTTC token) on January 18 2022 the token ATH may differ as it had token split. Similar to the $FIL token this token has also lost ~90% of its value. The project faced significant challenges like supply shock, token split, free rider problem (google it), Centralization, etc. BitTorrent relies on Legacy P2P mixed with blockchain.

@Arweave Ecosystem

It is currently trading around 3.53$ with a market cap of ~$231M its ATH was $90.94 on November 5 2021. It replaces traditional blockchains with a blockweave structure where blocks link to both a predecessor and a random historical recall block utilizing a Proof of Access consensus that forces miners to store data.

WALRUS: AN EFFICIENT DECENTRALIZED STORAGE NETWORK by The MystenLabs Team

I was studying the whitepaper of #walrus and find it very impressive and forced me to write about it also it is on creatorpad task. I will summarize the key takeaways from the whitepaper which I found attractive in later posts I am gonna compare it with other decentralized storage system and the important usage of the decentralized storage system in our daily life and crypto and further discuss other important takeaways.

The CORE INNOVATION is THE RED STUFF (The Heart of the @Walrus 🦭/acc ).

Firstly what matters in the decentralized storage system the most?

Security and privacy, Right?

$WAL has introduced a 2D erasure coding protocol instead of making copies of the data it uses 2D erasure coding which is cheap compared to traditional storage system protocol and safer. It fragments data into small pieces called slivers and distribute it globally so no node holds the complete file this plays an important role in privacy. If a single node holds the complete file than it is highly likely that during a compromistaion our data privacy and security can be breached. You know what fascinating about the protocol is the part which I like the most is that even if 2/3rd of the node which have a fragmented data file gets malicious or offline the protocol can reconstruct the original data.

Most of the decentralized storage system faces challenge in storing data as the system deletes the existing stored data to save space. So $WAL is the first protocol to use asynchronous networks to overcome this challenge. This prevents adversaries from gaining access during network delays. Network delays generally help the adversaries to pass the verification system without actually processing the data. @Walrus 🦭/acc has end-to-end encryption with storage layer for encypted blobs with authenticity that If a single bit is changed it won't verify the node. As it is on Sui ecosystem it uses Proof-of-stake (dPOS) to penalize malicious node. With this security protocol it serves as a major upgrade in crypto.