At this time Eth looks to be entering long term accumulation zones. With the current decline in prices Eth could find footing in the mid to low 1,700 ranges before finding a consistent consolidation area. MACD has significant bearish momentum with no signs or a sentiment changing at this time.



https://www.tradingview.com/x/kzEHlEDP/

On the long term Eth has entered a strong accumulation zone with good buying pressure below 1,680 so I see this as the potential bottom or a strong bullish resistance to watch for a consolidation zone as new trend emerge. If significant buying pressure steps back in Eth could see a rebound as high as 1,960.



https://www.tradingview.com/x/kzEHlEDP/

On the short them charts Eth looks to be finding a consolidation zone with bullish resistance picking up.



https://www.tradingview.com/x/aiJixeHB/

With current trends Eth has potential to find consolidation at the levels but could go as low as 1,640 in the near future but also has the is potential to rise back to around 1,840 as current trends develop. At this time a complete test of long term moving averages could also go as low as 1,600.



https://www.tradingview.com/x/7DVI3ebl/

And one all time chart for zoom out ;)



https://www.tradingview.com/x/LnqUkM9K/

Gary Gensler has declared the following Crypto Currencies Securities

-Solana

-Polygon

-Cardano

-Filecoin

-Cosmos

-Decentraland

-Algorand

-Sandbox

-COTI

-AXIS

The sub will not stand for this attack and with the backing of dozens of other subreddits have organized a site blackout to teach Gary Gensler a lesson.

Gary Gensler is very active in a few subs that I can't named here to keep the post safe for work but for 48 hours those subs will be gone and he won't be able to get his jollies off. Perhaps this will teach him to stop coming after ATOM which is not a security.

The movement has already gained main stream medias attention.

​

https://preview.redd.it/pk2czcl3094b1.jpg?width=985&format=pjpg&auto=webp&v=enabled&s=a0ce6adfc2e6bad54e71899dec22105025c88902

The sub currently has the details in a pinned post on the front page of the sub

​

https://preview.redd.it/wdjlffs6094b1.jpg?width=624&format=pjpg&auto=webp&v=enabled&s=96957ebc6dfc210d74045d49567cf98880e77668

Make sure to join in this protest against Gary by avoiding Reddit on June 12th - 14th.

check on all the other subs you frequent because they are probably participating in the same blackout which has been dubbed the Reddit API blackout.

Atom is Positively not Involved in being a security

TLDR: ATOM is not a security

There’s quite a bit of jokes surrounding crypto since ftx. Some conspiracy others mostly just trying to make light of what has been a relatively rubbish couple years for hodlers and traders, but there is always the motif of “crypto if inevitable”

But Is it? Is it in this current iteration?

This isn’t a fud but rather realistic reflection on how we even got here. Even if you remove the cexes as many of them have been a net negative over the last little while

Where has the community found it’s niche to be so confident about crypto?

More simply how do you know crypto is inevitable despite the obvious of it being a great invention/finding. Especially when you consider your opponent is governments with nukes and control that reaches just every avenue of the internet no matter how stupid they are in reality?

While we all may feel a bit down nowadays as Bitcoin and Crypto have just been going sideways for the past days or even down. Right now BTC sits at -20% losses trough the last three months, which clearly show our slow crawl downwards, those are by far the worst and most boring times to be here. But as many wise people have always been saying, during such challenging times we should just “zoom out“.

By doing so you will actually realise the power and what a force Bitcoin has been over the past years, or may I even say the past decade… With Cryptos short history a decade is basically all of it, so looking at the performance in the last decade we are looking at the performance of the first ever decade for Crypto and it has been a force indeed.

​

All Assets performance from 2011 to 2023, by CharlieBilello

Here we can see an official report of the bets performing assets over the whole last decade, from 2011 to 2023. Firstly we can say that out of the last twelve years BTC has been the best performing asset for 9 years and all of those has been coming consecutively in a three bundle, followed by one bear year. This results in jaw-breaking performance of 8.996.675%, over 8 millions percentage gains, unbelievable. The closest to Crypto comes NASDAQ with a way lower 160% gains over those years.

Now of course many would like to denigrate the force Bitcoin has been over the years, but the stats can not lie. Bitcoin has made Crypto dominate the last decade in the financial sector like probably no other asset did on that magnitude in it‘s early years. Now lets hope BTC just has a a bit of that vim left and the next decade will still be amazing even with lower gains.

It looks like the SEC is up to their old tricks again, doing what they do best which is omnibus a bunch of securities infractions into a legal complaint and try to use that as precedent for regulation.

In the lawsuit they claim that all of these tokens are securities:

-Solana

-Polygon

-Cardano

-Filecoin

-Cosmos

-Decentraland

-Algorand

-Sandbox

-COTI

-AXIS

Looks like theyre really committed to the rapid fire approach. This shouldnt hold up because they would actually have to argue individually that each project is a security but it shows how little they care to do so. Feels like more of a warning shot saying “yeah we really dont like these ones”. Im sure theres more that they have this opinion on but “Schroedinger’s securities” i guess we will have to wait and see