you may have heard the term before around crypto X/ twitter 🤷but what is EIP 4844?

let's take a dive into the much-discussed EIP 4844 for ethereum. it's a game-changer, but also complex, so buckle up!

let's kick off with basics; EIP 4844, or ethereum improvement proposal 4844 or proto-danksharding, aims to cut costs for rollup transactions.

it's a boost for rollup operators but perhaps not for main net users.🤷‍♀️💸

EIP-4844 aims to enhance cost-efficiency in rollup transactions by minimizing gas requirements.

the proposal introduces a novel transaction type that incorporates an additional data field termed a "blob." transactions featuring these blobs are poised to reduce expenses for rollup operators posting data on-chain, thanks to their optimized data access capabilities. 📉

now, why does this matter?

rollups are crucial for ethereum’s scalability. they help by performing transactions off-chain and only sending a summary to the ethereum main chain. 🌐

once EIP-4844 is in place, layer 2 transactions on layer 1 are expected to become 10-100x cheaper, benefiting end users.

the adoption of EIP 4844 sends a strong signal in the market.

ethereum is making a big bet on rollups as the future of its scalability. it's an endorsement of the modular approach in blockchain design. 🏆

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here's a twist—EIP 4844 could redefine ethereum.

instead of being a general-purpose blockchain, ethereum could evolve into a data availability layer that serves primarily to rollup operators and sequencers. 🔄🎛️

activation timelines are not set in stone. as of now, the proposal is expected 🤞 to go live around Q4 2023 or Q1 2024.

the true impact will become apparent after it's in action. 🗓️🔮

handle.fi is proud to call arbitrum home and continue to build here!

we're excited for EIP-4844 and all the benefits that come with it! 💙🧡

elevate your ethereum trading experience! app.handle.fi offers ETH trading up to 50x! 🦍

website: handle.fi

twitter: twitter.com/handle_fi

discord: discord.com/invite/nbSdYCDGhh

we're going to dive in and explore the different stages of #priceaction, offering a nuanced look at market conditions.

an upward trend is characterized by a series of higher highs and higher lows. this generally signals that market sentiment is bullish. 📈

however, it's important to assess other factors like volume and market news to validate the trend.

a downtrend is marked by lower highs and lower lows. it suggests a bearish market sentiment.

just like in an uptrend, consider other variables such as trading volume and macroeconomic indicators before taking action. 📉

accumulation is often a sideways or flat market phase where "smart money" buys up assets.

though not as exciting as trending markets, understanding accumulation is crucial as it often precedes a potential upward trend.

the distribution phase is essentially the opposite of accumulation. during this stage, large holders of an asset start to sell off their positions. 💰🫰🏼

observing a distribution phase can be a sign that a downward trend is imminent.

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when studying price action, relying solely on the price chart can be limiting. to augment your analysis, use various indicators.

for instance, the MACD offers insights into the momentum of an asset. the RSI is another useful tool, indicating overbought or oversold conditions

read more here on MACD:

https://twitter.com/handle_fi/status/1699331648406598025

each indicator serves a different purpose and is more effective in specific market conditions.

it's crucial to understand the limitations of each tool and avoid over-reliance on a single indicator. diversified analyses often lead to better trading decisions.

understanding these stages allows for more informed trading decisions. 🧠🤯

it can help identify when an asset is likely to appreciate, depreciate, or remain stagnant, aiding in risk management and strategy formulation.

knowledge of price action stages is vital for anyone who engages in trading. it provides a framework for understanding market behavior, enabling better decision-making and risk management.

after diving into price action, why not test your knowledge? Head over to app.handle.fi and start trading today. 💪🦍

website: handle.fi

twitter: twitter.com/handle_fi

discord: discord.com/invite/nbSdYCDGhh

this lesson is about leverage which is crucial to understand if you are to become a trading master🦍

LEVERAGE is the use of borrowed funds to amplify your trading position and potential returns.

e.g if you have $10,000 but you want to trade forex with a position size of $100,000 then you can utilise 10x leverage.

leverage can increase your profits but also your losses 📈 📉

on handle.fi you can take advantage of leverage up to:

- 50x on BTC & ETH

- 100x on all fxToken pairs such as fxAUD/ USD, fxGBP/ USD, USD/ fxJPY & more 🇦🇺 🇺🇸 🇬🇧 🇯🇵

if troopers are feeling degen they can select the ape button to use max leverage

#troopers, all leveraged trades come with a 0.01% position fee at handle.fi so no better time to give trading a try 💱 🌐

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put your new knowledge to work to trade at app.handle.fi! 🦍

website: handle.fi

twitter: twitter.com/handle_fi

discord: discord.com/invite/nbSdYCDGhh

let's dive into this analysis tool and find out why it has stood the test of time for technical traders 🌐

moving averages help you track price trends over a period and may help predict future movements.

there are two main types of moving averages: Simple Moving Averages (SMA) and Exponential Moving Averages (EMA).

SMA? compiles closing prices over a period; gives the average. like a compass, points to the general trend. it's slower to respond to changes but gives a solid overview.

with SMAs, traders can draw comparisons of medium - long term trends over a larger time horizon; 200 day SMA

EMA? think of it as the rudder of your trading ship. it weighs recent prices more heavily, so it's swift in response to price changes.

EMAs are often viewed as a more timely indicator making it very useful to gauge a short term reaction. commonly used EMAs are 12 & 26 days.

let's dive into one technique: moving average crossover. plot a 50-day SMA and a 21-day EMA on a chart.

when the EMA crosses the SMA from below: time to buy 📈

EMA crosses SMA from above: time to sell 📉

pro tip: look for more signs beyond the cross to avoid false alerts.

ready to harness the power of averages in your trading....? 🦍

plotting SMA and EMAs with handle's advanced trader UI is super easy.

check it out here where we add an SMA and EMA, then change their length to 100 and 50 respectively.

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we hope this guide helps you make more informed decisions and elevates your trading strategy.

put your new knowledge to work while trading at app.handle.fi! 🦍

website: handle.fi

twitter: twitter.com/handle_fi

discord: discord.com/invite/nbSdYCDGhh