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Contact for any queries @Steffendude
#BITCOIN WEEKLY TF UPDATE :
#BITCOIN on Weekly TF, had a new #ATH this week and dropped all the way down towards the support zone, where the last week rejection is happened. Weekly candle closing below $$97,300 is not good for the market, also we already alerted for this dump, and might see the sideways move throughout the month end.
#ETH ANALYSIS :
#ETH had a ride towards the major resistance area of $4111 - $4215 and dropped hard towards the support zone around $3280. Price had a rejection on Daily TF so we can expect a sideways movement.
Bitcoin's difficulty adjustment system automatically makes mining harder or easier every 2 weeks to keep new blocks coming in every 10 minutes, no matter how many miners join or leave the network. The mining power (hashrate) has grown enormously since Bitcoin started - from just a few hundred calculations per second to now requiring specialized machines doing trillions of calculations per second.
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#AVA continues it drop to the consolidation range after that huge pump. The area looks very healthy and for accumulation again and expect the same move sooner or later.
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#DEXE had an another fantastic pump over past few minutes and made the high of 38.78% and which with 10x leverage its around 380% in profits. Enjoy the Profits and Lock some too.
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What Is Turing Completeness?
Turing completeness refers to the capability of a system or programming language to solve any problem that can be solved by a machine created by mathematician Alan Turing. It signifies the ability of a system or language to carry out any calculation that a general-purpose computer can perform.
This concept holds significance in the field of computer science as it determines the power of different systems and programming languages. If a system is deemed Turing complete it means it has the capacity to execute any computation that a computer's capable of. Conversely, if a system is not Turing complete it implies limitations, in its abilities.
How Do You Determine Turing Completeness?
A system can be considered Turing complete if it meets the criteria;
1. Input/output operations; The system must have the capability to read data and generate output.
2. Conditional branching; It should be able to alter its behavior based on computation results.
3. Loop constructs; The system must have the ability to repeat sets of instructions times.
4. Computation; It should have the ability to perform any calculation that can be done by a Turing machine.
After establishing these properties it can be concluded that the system meets the criteria of being Turing complete. However, it's important to note that being Turing complete in theory doesn't automatically mean the system is practical or efficient for all calculations.
#VOXEL had a close below of the support and its was no sense for buys as #BTC was dipping strongly. Now, lower moves are expected towards the next key area around $0.11 - $0.12. This was an accumulation zone earlier and might go the up move, so you can do the same here too.
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#BTC reacted from the $100,000 level and eventually broke it strongly in NY session. Now price approaching towards the next support area of $95,000 - $95,300, where same can happened, and its was expected as Winter mostly come with a dump in market, where we already gave an alert in the market.
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#ORDI had an break and close below of the channel and now expected to reach the support drawn around $24.17 - $25.68. Market sentiment must be taken into account before any entry.
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Here's the Analysis of #VOXEL :
#VOXEL rejected strongly from the strong resistance area of $0.27 - $0.28 and approaching towards the support zone (Grey Box) around $0.18 - $0.19, which could be potential buys if market remains slow.
#TLM dropped as per the expectation, Price is on a trendline and having support from the area, price can max drop to flip area and a higher move can expected.
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#BTC gave a new #ATH today and now price is having some strong dump in the market, in H4 its looks strong, but on Daily it looks very healthy retest. Let's see How market performs later on, $100,000 is key area as of now.
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What Is Turing Completeness?
Turing completeness refers to the capability of a system or programming language to solve any problem that can be solved by a machine created by mathematician Alan Turing. It signifies the ability of a system or language to carry out any calculation that a general-purpose computer can perform.
This concept holds significance in the field of computer science as it determines the power of different systems and programming languages. If a system is deemed Turing complete it means it has the capacity to execute any computation that a computer's capable of. Conversely, if a system is not Turing complete it implies limitations, in its abilities.
How Do You Determine Turing Completeness?
A system can be considered Turing complete if it meets the criteria;
1. Input/output operations; The system must have the capability to read data and generate output.
2. Conditional branching; It should be able to alter its behavior based on computation results.
3. Loop constructs; The system must have the ability to repeat sets of instructions times.
4. Computation; It should have the ability to perform any calculation that can be done by a Turing machine.
After establishing these properties it can be concluded that the system meets the criteria of being Turing complete. However, it's important to note that being Turing complete in theory doesn't automatically mean the system is practical or efficient for all calculations.
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Typosquatting scams can take the form of site imitation to gain advertising revenue by misdirecting traffic from popular sites. This can be done with related links and affiliate links or by using URLs with slightly different spellings. This behavior harms both businesses and users looking to purchase products or services with a reputable company.
This tactic can lead to breaches in a person’s accounts if they choose to log in with a fake site. Since the typosquatters will now have access to the person’s email and password, they can enter their real accounts and gain any information they have stored there, including bank details, crypto exchange logins, social security numbers, login details for other sites and other sites many other types of sensitive information.
Typosquatting is very similar to cybersquatting, in which case bad actors will purchase domain URLs that are as close as possible to popular brands like Nike or Apple. Since companies don’t want potential customers to fall prey to these scams, they will often buy the domains for large sums of money, and cybersquatters will benefit from the extortionary tactic.
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#BITCOIN DAILY TF UPDATE :
#BITCOIN had a very significant drop in the market after the new All Time Highs. Price gave a drop to the support zone as drawn and with that market respected the trendline too. Expecting a range here, no too much until the new Year.
Here's the Analysis of #OP :
#OP rejected strongly from the Strong resistance area of $2.71 - $2.81 and broke the intermediate zone too. Price retested the zone and dropped and expected to have a drop to trendline area and buys look good below $1.50.
Since its launch (Genesis Block), Bitcoin has processed 873,304 blocks on its journey to reaching $100,000 on December 5, 2024. While blocks are now mined every 9.6 minutes due to increased computing power, the historical average is 11.8 minutes. This longer average stems from Bitcoin's early days when mining was slower, as Satoshi had overestimated the processing power of basic computers when setting initial difficulty levels. This journey marks Bitcoin's transformation from an experimental project into a major global financial asset.
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Price tapped into the support and reacted around 6%, let see what goes next 👀
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Here's the Analysis of #DOGS :
#DOGS still moving within a consolidation range and broke the small trend channel to bearish side too. Price is on a bottom of the range as support around $0.00045 - $0.00054 and expected a minor reaction from here. Market doesn't look healthy here and better wait for the opportunity or lower the risk with tight stops.
Is ETH Turing Complete?
Yes, Ethereum is indeed classified as Turing complete. It functions as a decentralized and open source platform that facilitates contracts. Smart contracts are self executing agreements where the terms and conditions between buyers and sellers are directly encoded into lines of code.
To accomplish this, Ethereum employs a programming language called Solidity for writing contracts. These contracts are subsequently executed on the Ethereum Virtual Machine (EVM). The EVM is characterized as Turing complete since it has the capability to perform any computation that can be described in a form. This empowers developers to construct applications on the Ethereum platform, capable of executing a wide range of computations.
Is Bitcoin Turing Complete?
No, Bitcoin does not possess the attribute of being Turing complete. It operates as an open-source cryptocurrency functioning on a network. Its primary objective is to enable decentralized value transfers between individuals.
In contrast to Ethereum, Bitcoin does not support logic. The scripting language employed in Bitcoin transactions is limited in scope. It lacks the ability to perform computations. Consequently, Bitcoin cannot be classified as Turing complete since it lacks the capacity to execute computations described by algorithms.
The decision to implement this design was deliberate aiming to enhance the security of the system and reduce the risk of errors or potential harm caused by entities. Nonetheless, it also implies that Bitcoin lacks the ability to provide the extent of complexity and functionality as a Turing platform such as Ethereum.
As of December 05, Bitcoin's supply distribution across major holders showed:
Exchanges held 1.8M BTC (9.1% of total supply)
US-based ETFs managed 1.1M BTC (5.6%), showing significant growth since their January 2024 launch
Miners held 700K BTC (3.5%), excluding Patoshi blocks
US Government Treasury controlled 187K BTC (0.9%)
This distribution pattern highlights the growing institutional presence in Bitcoin custody, where large entities are becoming significant holders while maintaining market liquidity and stability. The balance between individual ownership and these larger institutional holdings represents an evolving dynamic in Bitcoin's ownership structure.
#BTC dropped very good, with the #FED news, and key area as we mentioned. H4 is now rejecting the key area, and Daily Bullish market structure standing at a last point for bullishness. If we can build proper support then we can move up.
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Throughout this period of extraordinary market expansion, investors have realized a total of $1.27 Trillion in profit and -$592 Billion in losses on-chain (based on the delta between acquisition and disposal prices). This resulted in a cumulative net capital inflow (Realized Cap) of $750 Billion and underscores the tremendous value which has flowed into the Bitcoin network over its lifetime.
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Binance Will Delist AKRO, BLZ, WRX on 2024-12-25
https://www.binance.com/en/support/announcement/b140faee7cf9482cb10257308abda245
Here's the Analysis of #SUSHi :
#SUSHI forming a triangle pattern, forming a support at $1.81 - $1.92 and expected a bounce from the there. Waiting for a clean breakout of the resistance line and for buys and anticipating a break of major resistance area of $2.74 - $3.06.
Bitcoin has had an actively traded price for 5,256 days and has travelled from fractions of a cent to $100k. This journey has included 72 positive monthly candles (including December 2024), with an average gain of 37.4%, and 71 negative monthly candles, averaging a decline of -14.2%.
This reflects the fascinating balance between bull and bear markets and the infamous positive skew during the most consequential periods of price appreciation.