From June last summer----MLM meets Crypto continues!!!
The Worldwide Revolution is Underway! Get CryptoBalling Today!
Monday, March 15, 2021
Multi-Level Marketing Meets Crypto----The Evolution of Network Maketing into Crypto Smart Contracts
Sunday, January 24, 2021
The Technical Approach: Continuation Patterns (FLAGS)
The Technical Approach: Continuation Patterns (FLAGS)
- Pennants, constructed using two converging trendlines
- Flags, drawn with two parallel trendlines
- Wedges, constructed with two converging trendlines, where both are angled either up or down
How to Trade a Flag Pattern- Investopedia (Gordon Scott)
Using the dynamics of the flag pattern, a trader can establish a strategy for trading such patterns by merely identifying three key points: entry, stop loss and profit target.
- Entry: Even though flags suggest a continuation of the current trend, it is prudent to wait for the initial breakout to avoid a false signal. Traders typically expect to enter a flag on the day after the price has broken and closed above (long position) the upper parallel trend line. In a bearish pattern, the day after the price has closed below (short position) the lower parallel trend line.
- Stop Loss: Traders typically expect to use the opposite side the flag pattern as a stop-loss point. For example, if the upper trend line of the pattern is at $55 per share, and the lower trend line of the pattern is at $51 per share, then some price level below $51 per share would be a logical place to set the stop-loss order for a long position.
- Profit Target: Conservative traders may want to use the difference, measured in price, between the flag pattern’s parallel trend lines to set a profit target. For instance, if there is a $4.00 difference and the breakout entry point is $55, the trader would place a profit target at $59. A more optimistic approach would be to measure the distance in dollar terms between the pattern’s high and the base of the flagpole to set a profit target. For example, if the lowest price of the flagpole is $40, and the top of the flagpole is $65, and if the breakout entry point were $55, then the profit target a trader might expect to see achieved would be $80 ($55 plus $25)
Tuesday, October 13, 2020
Self Professed "Oracle" Attacks Technical Analysis You Tubers: Community Standards Challenged
Just when you think you have seen it all on social media platforms now comes yet another You Tube channel attacking other You Tubers in the crypto space. As it stands, You Tube has had a very tenuious relationship with crypto channels on the platform however over the course of the last year or so the number of crypto channel has grown substantially with the popularity of Bitcoin and Ethereum post 2016.
One such channel that places this growth in jeopardy in terms of how You Tube perceives the cryptocurrency channels on the platform is operated by self professed you tuber named "Oracle" which operates a half a dozen channels. Numerous complaints have been filed against the channels within the areas of harassment, bullying and copyright infringement and You Tube must consider much of this as it related to its policies regarding crypto. You Tube permits subscribers to flag or file complaints against channel places content that violates the Community Standards of the platform.
"Oracle" is the channel name for TEAMUS_ORACLE@protonmail.com that You Tube has listed as of Canadian origin however most likely this is not in reality the location of the originator as the channels promote the use of VPN (Virtual Private Networks) to circumvent United States laws. The "Oracle" uses the platform to encourage subscribers to violate laws by using TorGuard; a service in which offers affiliate commissions to "Oracle" and will permit subscribers to access unauthorized platforms in the crypto space that cannot be legally accessed via a United States IP address.
One such site promoted by the "Oracle" is Bitmex. This site is not accessible by United States citizens yet the "Oracle" has used TorGuard as a means of circumventing the law and have his subscribers do the same as he promotes this activity from You Tube. Bitmex recently faced yet another scandal:
https://modernconsensus.com/regulation/bitmex-ceo-arthur-hayes-facing-jail-for-aml-violations/
As if using You Tube to promote violating the law, the "Oracle" goes further and targets fellow you tubers on his channel known as Crypto TA Holes. This site sole purpose is to harass and disparage other channels like Crypto Kirby, Sunny Decree, MM Crypto, Crypto Lark, and others with false claims in an attempt to do financial harm to these channels which typically have monetized.
https://www.youtube.com/channel/UC40C984SwmI_6dSYYPM_MIA/videos?pbjreload=102
https://www.youtube.com/channel/UCCZk1pFa8YGQ9BREQO9MYdg/videos?pbjreload=102
There is a movement afoot with channels with hundreds of thousands of subscribers for You Tube to address these "Oracle" channels where you tubers are demanding that the platform sites manipulating the Fair Use doctrine on the platform with the sole intent to do harm.
The "Oracle" criticizes these channel which all operate in the "Technical Analysis" space as "fake traders" while touting his own pay service for trading now costing roughly around .45 BTC or $4,800 or .25 (2,700) for Discord Only per subscriber. The "Oracle" is not an educational service or channel rather it is a pay for service channel and he directly instructs subscribers to leave the You Tube platform to enter his Discord Channel. This can not sit well with You Tube in truth as the one thing the company seeks is to keep subscribers on the platform as long as possible.
Not only has "Oracle" himself disparaged other you tubers but has encouraged subscribers to do so it seems on the channel pages comment sections or in some cases attempt to get competing channels removed or suspended from the platform by soliciting false claims against channels for copyright infringement. While "Oracle" disparages others he places in his description an attempt to prevent others from returning the favor.
Here is how it reads:
LEGAL INFO: You are hereby notified that you are strictly prohibited from disclosing, copying, distributing, disseminating, or taking any other action against me with regard to this YouTube channel and the contents herein. You do NOT have my permission to utilize any of my information nor any of the content contained herein including, but not limited to my photos, and/ or the comments made about my videos or any other "video” art posted on my channels The foregoing prohibitions also apply to your employee(s), agent(s), student(s) or any personnel under your direction or control. The contents of this profile are private and legally privileged and confidential information, and the violation of my personal privacy is punishable by law Everything seen in any of my videos is based on my opinion and commentary only.*My channels are for entertainment purposes only I am not a financial advisor all decisions are your own . ORACLE is not in any other discords or telegram groups and will never ask you for money or post a crypto address of any sort.
Ironically, "Oracle" does solicit payment for services and his videos are covered by Fair Use doctrine on the platform just as others. His channels are not for educational purposes as he solicits payment for services.
"Oracle" wants to use the Fair Use doctrine to attack others and yet expects some form of protection from criticisms of his own practices in the manner he does other channels.
None of the actions taken by the "Oracle" are in the interests of You Tube or the platform given the content of the videos and the harassing and bullying nature of the content offering no meaningful value and whose sole purpose is to do other You Tubers financial harm. A Telegram group has formed that is highly critical of "Oracle" practices on You Tube. This channel can be found here:
https://t.me/oraclescammertrader
One such channel on You Tube has filed paperwork with the courts in Virginia regarding defamation and malicious intent in conjunction with You Tube suspensions on channel stemming from followers of "Oracle" fraudulent claims of copyright infringement for content they have no authorized claim or ownership. These suits could cost those filing fraudulent claims hundreds of thousands of dollars in the court system in fines and legal fees if found to have filed fraudulent claims through the You Tube takedown complaint system protecting authentic copyright claims.
"Oracle" has also sought to attempt to have other channels in the crypto space on You Tube shut down that also focus on the Bitmex or BitSeven trading platforms. Many claim this is a fradulent attempt to use the You Tube complaint system where once a channel receives three strikes for a infringement claim is suspended and cannot upload any further videos until such time the process plays out.
The claimant who files such a claim must also filing a federal lawsuit within ten days of the claim or the claim is invalid for any copyright infringement claim. If the claim is deemed to be fraudulent the claimant faces not only removal from the platform but also potential lawsuits for fraud. Many have claimed that "Oracle" has incited others to file false claims and if the record provided authorities proves to demonstrate such action than the you tuber could face severe legal jeopardy in some states for attempting to do harm. The harm comes into play when a channel that is monetized is shut down to fight fraudulent claims and loses daily You Tube revenue. Some channels like Sunny Decree here:
https://www.youtube.com/c/sunnydecree/videos
Have hundreds of thousands of subscribers and the monetized value lost can be literally thousands of dollars daily to channels that suffer such fraudulent claims. It is one thing to take objection to someones brand or service however to attempt to do a channel financial harm is an entirely different story and could come with severe penalties in many states throughout the country.
One thing is clear and that is that there appears little place for the actions that are being claimed regarding "Oracle". People can certainly investigate themselves especially the content in the Crypto TA Holes channel to determine whether the channel has any real value other than tarnishing other channel on You Tube. Given the number of channels that are all a associated with the you tuber it seems pointless to jeopardize all the other channels in place operated.
If You Tube finds the claims against "Oracle" credible than all channels associated with the you tuber can be removed from the platform and not just the one with the content in question.
Other channels are: @OracleKingpin
Oracle Fast Money Trader
Oracle Kingpin Crypto Trader
Oracle Fast Crypto Passive Income
Get Rich Quick Crypto
You Tube Copyright Takedown process has come under more and more scrutiny in 2020 due to the fact that the platform has become so monetized that false claims can do substantial harm to you tubers that generate earnings from channel.
The false and fraudulent claims have come from the following emails accounts which content providers have asked Google LLC to flag: (notice the similarities)
levysnatchyovideo@gmail.com
papaeatchyovideo@gmail.com
gizzedinyomouth@gmail.com
Briangiougt@gmail,com
levybrokeyochannel@gmail.com
**All information, sites, images, content is protected by the Fair Use doctrine and public domain parameters
Tuesday, September 1, 2020
BitSeven Leverage Trading: Beginners Sessions
Cryptoballers are mastering the leverage trading platform known as BitSeven. BitSeven affords crypto trading on leverage in Bitcoin, Ethereum, Litecoin and Ripple. Leverage trading is high risk but comes with tremendous opportunities for those that learn to be disciplined in trading. Each cryptocurrency above has varying leverage capabilities. The least maximum is Ripple and the greatest is Bitcoin. Much of this is due to the volatile nature of the currency. BTC can be leveraged to 100x while Ripple can only be leveraged to 30X. Litecoin can be leveraged to 40X and Ethereum to 50X.
BitSeven has its own crypto exchange on the platform so traders can enter into leverage positions once a trader has transferred from their wallets BTC into the platform. BitSeven only accepts BTC and upon doing so a trader can than exchange the BTC for any of the other three currencies on the platform and begin trading.
Each entered trade has what is called a "cut loss". A cut loss is an execution price where the trade will automatically execute if the leverage trade falls (UP ORDER) or climbs (DOWN ORDER) to the levels determined at time of entry.
JOIN BITSEVEN here:
BitSeven Sign Up FREE- https://tinyurl.com/y689dpor
Directional You Tube Channel for BTC Leverage Trading-
https://www.youtube.com/channel/UCVh_MHstZuOI7kjA_ZedkCw/videos
For each position, a loss cut value (liquidation price) is automatically calculated and set.
You can calculate the loss cut value using the following formulas:
For UP positions:
Execution price * (100% – (100% – ((fee% + fee%) * leverage + 15%)) / leverage);
For DOWN positions:
Execution price * (100% + (100% – ((fee% + fee%) * leverage + 15%)) / leverage).
The loss cut value cannot be canceled or changed manually but it can be changed by adding an additional same-directional order to an open position.
Let’s look at an example:
There is an open UP BTC position that have been opened at the 9000 price with a volume of 0.5 BTC and with a 50x leverage. The loss cut for this position will be as follows:
9000 * (100% – (100% – ((0.075% (the trading fee for BTC for opening a position) + 0.075% (the trading fee for BTC for closing a position)) * 50x + 15%)) / 50x) = 8860.50.
Suppose the price goes down and you need to move the liquidation price lower. To do this, you need to add another UP order with a lower leverage, since it is necessary to reduce the initial leverage. In each position, the lower the leverage, the further the loss cut price is from the position opening price. The volume of the order that is added also matters. For example, if the volume of a new order is approximately equal or greater than in existing position, then the opening price of the averaged position will change significantly more than in the case of a small volume, and hence, the price of the loss cut will also be recalculated and significantly changed.
Let us return to our example.
For instance, you need to maximize the liquidation price using a new order. To do this, open a limit UP order at 8870 price with 1x leverage and an order volume equal to the position volume which is 0.5 BTC. To calculate the loss cut value, first, you have to calculate a new average leverage and a new average position open price.
In order to do this use the following formula:
Average price = (Execution price 1 * order amount 1 * leverage 1 + Execution price 2 * order amount 2 * leverage 2 + … + Execution price (N) * order amount (N) * leverage (N)) / (Order amount 1 * leverage 1 + Order amount 2 * leverage 2 + … + Order amount (N) * leverage (N))
Average price = (9000 * 0.5 BTC * 50Ñ… + 8870 * 0.5 BTC * 1Ñ…) / (0.5 BTC * 50Ñ… + 0.5 BTC * 1Ñ…) = 8997.4510
Average leverage = (Order amount (1) * Leverage (1) + Order amount (2) * Leverage (2) + … + Order amount (n) * Leverage (n)) / (Order amount (1) + Order amount (2 ) + … + Order amount (n)).
Average leverage = (0.5 BTC * 50Ñ… + 0.5 BTC * 1Ñ…) / (0.5 BTC + 0.5 BTC) = 25.5Ñ…
Now we know in advance both the average leverage (25.5x) and the average price of the position (8997.451) even before the orders are placed. Next, you can calculate value of the loss cut in case of averaging the position. You can do this according to the previously given loss cut formula:
For UP positions:
8997.4510 * (100% – (100% – ((0.075% + 0.075%) * 25.5Ñ… + 15%)) / 25.5Ñ…) = 8711.0321
Thus, we found the price of the loss cut even before we added a new order to the position.
Loss cut without adding a new order for UP position = 8860.50
Loss cut after adding a new order for UP position = 8711.0321
Keep in mind that the risk of liquidation of a position in this case (as can be seen from the example) decreases, but the financial risk increases, since the volume of the entire position become larger. The initial risk was 0.5 BTC, and in the case of averaging in our example, the risk is 1 BTC.
This calculator is highly informative for beginning traders who seek to understand the PNL % from entry to exit in any given leverage trade.
https://blog.bitseven.com/position-calculation/
Learn more regarding leverage trading by following these you tube channels:
The Oracle Disciple:
BitSeven Leverage Trading Beginner Sessions:
https://www.youtube.com/channel/UCVh_MHstZuOI7kjA_ZedkCw
Cryptoballers Mastermind:
https://www.youtube.com/channel/UCzC4TdiXcu6HBsIrnYcUdQw
Facebook: