Nosa Capital - Nosa Capital | Blog on Management, Strategy, Economic Trending, and Consultancy

Crypto Stories You May Have Missed (LVIV)

22/3/2021

Bitcoin Chart

NFTs are all the rage. We have heard of some NFTs going for as much as $69 million! The DeFi revolution keeps going from strength to strength. Bitcoin it seems has its price stuck in consolidation and could even drop or head off to the moon. No one knows. Altcoins in the last few days have had prices rise in some cases exponentially. Some banks continue to dither as to whether they will go for a Central Bank Digital Currency or not. Meanwhile, in Canada, the first North American ETF is now fully operational with another two fully functional. The US awaits its first Bitcoin ETF approval.

Here are just a few of the stories you will read in Blockchainology:

A more enjoyable option would be for you to read the magazine on your iPad using the Flipboard app. If you do not have the Flipboard app, download in the app store, install, and enter the "Blockchainology". This magazine is curated by Olusegun Oyekanmi

Cardano: Reasons to be Cheerful?

17/3/2021

A recent analysis of Cardano (ADA) had posited that the price could fall to about seventy cents. It certainly looked this way the last few days. The announcement by Coinbase changed that. Coinbase announced that Cardano would be added to Coinbase Pro. Likely, this addition will also indicate ADAs inclusion to Coinbase.com. Charles Hoskinson beamed with joy and satisfaction on his YouTube channel following the announcement. There is now talk of ADAs price hitting $2 in the next few weeks. Some have posited $5! Nevertheless, the ADA daily chart suggests a more conservative consideration.

Chart courtesy of Tradingview.com (Please click image to enlarge)

Fibonacci extensions show what it means to be conservative. We see that the Fibonacci extensions 23.6, 38.2, 50.0, and 61.8 are $1.24, $1.42, $1.57, and $1.72 respectively. The current price at the time of writing is $1.28. This price has a way to go to hit $1.72. The price may very well go beyond $1.72 quicker than we can imagine. There is also the issue of the Ichimoku Cloud. It is obvious ADAUSD is bullish with the chikou span free of the price action. This does indicate that the price could rise uninterrupted. Looking at the lower timeframes i.e. the one and four-hour timeframes, both show strong signs of consolidation. This may be due to investors/speculators waiting for the launch which occurs tomorrow. One could suppose that once the launch takes place, price action could be gauged more accurately.

Cardano has a lot of good things going on with many enhancements to come. It also has a very solid developer and forward-looking team guiding the project. With this, there are many reasons to be cheerful. As to what the price will do in the future, your guess is as good as mine.

Bitcoin: Why the Sudden Price Drop?

15/3/2021

On Saturday, BTC found itself breaking into the $60k region. The sudden price rise was as surprising as it was exhilarating. BTC had been in the $50k for quite a while and trading sideways for a few days. Traders observed price ranges between $49k to $54k. Evidence of this is seen via Fibonacci retracement on the graph below.

Charts courtesy Tradingview.com (Click image for larger view)

So, why the sudden drop? The first reason is probably more emotional than anything else. The Indian government announced the banning of not just owning but trading Bitcoin. Some investors were panicked, hence, closing their positions. The second reason, which seems more logical was the liquidation of over $2 billion worth of crypto futures. A total of 178,574 traders had their positions liquidated with a majority of them long (this means that the traders bet that the price of BTC would rise). When markets are experiencing dips and surges, overleveraged positions are closed when traders cannot meet margin calls.

Arguably, other reasons for the dip may include some macroeconomic reasons such as US treasury yields and concerns that the Chinese government may have to step in to keep markets flowing in Asia.
Investors should sit tight and hold their positions. The worst-case scenario is that price falls to $49k. Having said that, things are going to get interesting as the future descends upon us.

Crypto Stories You May Have Missed (LVIII)

1/2/2021

Bitcoin

Bitcoin has been all the rage with countless stories of how the price will end up being $115k. There is also the news of institutional investors now accepting the fact that crypto is here to stay. Nevertheless, Bitcoin is not the only thing happening in crypto. Issues concerning DEFI and other fintech matters are also taking place. As always, you can count on Blockchainology to bring you the latest stories you may have missed.

Here are just some of the stories you may have missed:

Blockchainology

A more enjoyable option would be for you to read the magazine on your iPad using the Flipboard app. If you do not have the Flipboard app, download in the app store, install, and enter the "Blockchainology". This magazine is curated by Olusegun Oyekanmi

AI & ML Stories You May Have Missed (2)

31/1/2021

Artificial Intelligence

Here are some stories that you may have missed over the last month or more. The titles below are just some of the stories you will be able to read in our magazine:

Artificial Intelligence and Machine Learning

A more enjoyable option would be for you to read the magazine on your iPad using the Flipboard app. If you do not have the Flipboard app, download in the app store, install, and enter the "AI and Machine Learning". This magazine is curated by Olusegun Oyekanmi

Crypto Stories You May Have Missed (LVII)

2/12/2020

Bitcoin

Bitcoin has been all the rage with countless stories of how the price will end up being $250k. There is also the news of institutional investors now accepting the fact that crypto is here to stay. Nevertheless, Bitcoin is not the only thing happening in crypto. Issues concerning DEFI and other fintech matters are also taking place. As always, you can count on Blockchainology to bring you the latest stories you may have missed.

Here are a few of the stories you may have missed:

Blockchainology

A more enjoyable option would be for you to read the magazine on your iPad using the Flipboard app. If you do not have the Flipboard app, download in the app store, install, and enter the "Blockchainology". This magazine is curated by Olusegun Oyekanmi

AI & ML Stories You May Have Missed (1)

29/11/2020

Robot

Image courtesy of Alex Knight

As some of you know, we have had a Flipboard magazine that deals with Blockchain, Cryptocurrencies, and of course of Fintech for quite some time. We are known for publishing the short blog post - Crypto stories you may have missed. We have taken a leaf from our book and done the same with artificial intelligence, machine learning, and robotics. From this moment on, we will be putting out a similar blog post for AI, ML, and robotics.

We intend to have this continue into the near future. The reason we are doing this is because of the large following we are receiving on the Flipboard platform. We hope to continue this trend by having a permanent link available to those who do not use the Flipboard platform. We also hope you will become a follower of our magazines on Flipboard and look forward to interacting with you.

Here are just a few of the stories you may have missed:

AI and Machine Learning

Crypto Stories You May Have Missed (LVI)

4/10/2020

Fintech

We know it's been awhile since our last edition; truth is we took a little break but we are now back. As always, we give you the chance to read articles from different sources in one place. The following are just some of the stories you will be able to read in our magazine.

Blockchainology

A more enjoyable option would be for you to read the magazine on your iPad using the Flipboard app. If you do not have the Flipboard app, download in the app store, install, and enter the "Blockchainology". This magazine is curated by Olusegun Oyekanmi

Please subscribe to our magazine on Flipboard.

Crypto Stories You May Have Missed (LV)

17/8/2020

Bitcoin

After such a long time, Crypto Stories You May Have Missed is back. Our apologies for the long delay. The following are just some of the stories you will read in our Flipboard magazine:

How the Ethereum Classic hacker stole $5.6 million from OKEx
Ex-Prudential Securities CEO Calls Bitcoin a ‘Safe Haven’
Vitalik Buterin: Ethereum 2.0 Presents a ‘Much Harder’ Challenge Than We Thought
APIs Will Decentralize CBDCs
Bitcoin DeFi May Be Unstoppable, What Does It Look Like?
The Blockchain Paradox: Decentralization Through Centralized Institutions
The Future of Money: How cryptocurrency and the blockchain will change society
China expands digital yuan trial to several more cities
Ripple Aims to Become the Amazon of the Cryptocurrency World
What’s Behind the Meteoric Rise of Chainlink?
6 myths (and facts) about cryptocurrency
Coinbase Could Become First-Ever Public U.S. Crypto Exchange

Blockchainology

A more enjoyable option would be for you to read the magazine on your iPad using the Flipboard app. If you do not have the Flipboard app, download in the app store, install, and enter the "Blockchainology". This magazine is curated by Olusegun Oyekanmi

vNewsletter17: BTC Quick Review (Bulls still have it)

2/8/2020

A whole lot activity took place in the markets over the last week. BTC price plummeted rather dramatically in the early hours from $12000 down to just over $10500. Traders/Investors should expect price to head north of $12000. We should also expect sentiment to remain bullish as long as price action remains above the 21-weekly EMA.

This video is strictly for educational purposes. It is not a video giving any financial advice as the maker of this video is not authorized to do so. This video is not an endorsement of Bitcoin for purchase.