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Bitcoin price analysis with this support test coming soon – ForexLive

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Bitcoin Analysis: Navigating the Key Levels and Patterns
As the year comes to a close, Bitcoin’s price action presents a mixed narrative, leaning bearish in the near term. Traders and investors are closely monitoring critical levels and chart patterns to anticipate Bitcoin’s next significant move. Below, we analyze the key features shaping the current outlook. 📊🔧🕵️
Donchian Channel Basis at $100,241:
The orange price label at $100,241 marks the basis of the Donchian channel on the daily chart. 💡📊🌍
On December 26th, Bitcoin’s high approached this level during a retracement from the recent low at $92,118. However, it failed to reach the basis, signaling a bearish hint. This reflects a lack of bullish momentum after the sharp decline from the all-time high of $108,364 on December 17th. 🔴📈🔧
Bitcoin’s Next Support to Test at $92,118:
The $92,118 level, which marked the low on December 20th, remains a crucial support. 🔲🔷📉
While price approached this level on December 23rd, it created a higher low, suggesting some buyer activity. However, the ongoing decline hints that this support will likely be tested again in the near term. ⚖️📉🕌
Bearish Pitchfork Formation:
A black pitchfork acts as a downward channel. Though not a classic bear channel due to a lack of two upper touchpoints, the pitchfork effectively frames the price action. 🔻🔳🔄
Price retraced not only to the Donchian channel basis but also to retest this pitchfork’s middle line. Such retests are often seen as potential setups for further downside, amplifying bearish pressure. 🔽🔴🌐
EMA20 slanting downwards and at $97,149:
The black line represents the 20-day Exponential Moving Average (EMA), currently slanting downward which is bearish. The Bitcoin bulls seeking to reconquer the 100k mark must first overcome the EMA20 daily resistance line!. 📈⬆️⬇️
Bitcoin has remained below the EMA20 for three consecutive days, further reinforcing the bearish outlook. The five-day decline in the EMA’s slope underscores weakening momentum in the short term. 🔴🕵️📈
All-Time High Rejection: Bitcoin’s decline from the all-time high of $108,364 (on December 17th) to $92,118 (on December 20th) marked a sharp downward movement, indicating strong selling pressure. 📉🔧🔹
Lower High Formation: The failure to reclaim the Donchian channel basis or the EMA20 highlights the absence of significant buying interest. This lower high is a key bearish structure that aligns with broader declining momentum. 🔸🕵️📈
1.95% Decline Today (December 29th): Today’s price action has so far declined by 1.95%, bringing Bitcoin closer to the $92,118 support level. A daily close near or below this level would likely increase bearish sentiment. 🔴📉📊
Bearish Continuation:
If Bitcoin breaches the $92,118 support level, further downside could accelerate. Key levels to monitor below include $88,500 and potentially $86,000, representing significant psychological and structural supports.
Short-Term Consolidation:
Bitcoin could consolidate between $92,118 and $97,149 (the EMA20). Such a range-bound movement would signal indecision and allow traders to reassess momentum indicators.
Bullish Reversal (Low Probability):
For a bullish case to gain traction, Bitcoin would need to reclaim the EMA20 at $97,149 and close above $100,241 (the Donchian channel basis). This would suggest a stronger retracement or even a reversal towards the previous highs.
Bitcoin’s inability to sustain a move above the EMA20 and its failure to touch the Donchian channel basis signal ongoing bearish pressure. The key support at $92,118 is under threat, and a breakdown could lead to significant losses in the short term. While a bullish reversal remains a possibility, the current signals suggest traders should prepare for further downside. 🔴📊⬇️
As always, traders should remain cautious and adapt their strategies to market developments. Monitoring volumetric stats, key support levels, and the broader crypto market environment will be critical in navigating Bitcoin’s next moves. ⚖️🔧🕵️ Always trade Bitcoin at your risk only.
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AI Will Help Us With The ‘Why’ Of Engagement Rates – Forbes

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What are some of the most important contributions that artificial intelligence will make to business?
Ask ten people, and you’ll get ten different answers. But sometimes we get notions of how this is going to work, through presentations from people who have had a front row seat to the process for years.
One of those people is Ed Baker. He started out in the late 90s as a student at Harvard, and completed grad school at Stanford. He worked at Facebook, and then at Uber, and then on something called Whoop, a Fitness app. He started Friend.ly, and Datesite.com, and an app where people could “send hotness” to rate friends and classmates.
Along the way, he learned quite a bit about engagement and conversion, and something he calls the ‘viral loop.’
In a recent TED talk, Baker went over some of his creations in his college days, mainly consisting of dating sites and social apps (see below).
Dating App 5 years prior to Facebook @ Harvard
Some metrics, he pointed out, can show stakeholders more about how their inventions are catching on in an audience. There’s the K-factor, and detailed analysis of life cycle activity showing how many users are converting to secondary engagements.
Businesses, in turn, can use this data to craft better results for the delivery and sale of products and services.
As Baker went along describing how to measure customer engagement, he gave us two examples of business decisions that took a lackluster result and converted it into a more significant success.
The Viral Loop
The first one is in Facebook’s Japanese audience, where he said people just weren’t inviting each other to join.
When they looked into the issue, they found that Japanese culture has a stigma around invitations, and so, as he pointed out, they changed the copy, and engagement soared.
Smed Hotness Viral Loop
The second example was Uber’s activities in India, showing that users didn’t want to enter their credit card information. When Uber changed the form to allow for cash-based rides, the numbers went way up.
@ Facebook

@ Uber
What does this have to do with AI?
Well, without concentrated human decisions, and the resulting research and exploration, those successes wouldn’t have been implemented. Somebody had to figure out why people weren’t converting, and experiment with fixes.Artificial intelligence, on the other hand, can do this without any human involvement at all.
The programs of the future will be able to make all of these adjustments, keep trying new things, new angles, and approaches, and figure out which one is more successful. It might not have the same inhibitions that humans have, as in the case of Uber’s CEO, who Baker quoted as reportedly saying, at the end of a successful gamble “I hate you guys, and I love you guys,” referring to the team’s derring-do.
With AI, there’s not going to be any hedging on getting out and trying new things.
In fact, you could argue that businesses have been doing this for years, in the form of A/B testing. A/B testing, where marketers take two different results and measure their success, encourages this kind of exploration in a way that wasn’t previously articulated.
In other words, A/B testing brings a level of sophistication to contact marketing.
AI will do the same across all industries and business levels. It’s going to be a game-changer in a significant and profound way. And it has to do with Baker’s explanation of engagement – that it rests on complex factors and tendencies in human behavior. We don’t have to be experts in focus groups if we have AI to figure all of this stuff out for us. We just have to know how to use the tools, and then we can sit back and watch them do their magic.
@ Whoop

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‘Jubilee Year of Hope’ a time for spiritual renewal & unity – The Times of India

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Kingdom Come Deliverance II Release Date Bumped Forward By A Week – Wccftech

Warhorse Studios and developer Deep Silver have made the decision to move up the Kingdom Come: Deliverance II release date from February 11, 2025, to February 4, 2025. If that is the case, it means that they must be confident in how the game is currently shaping up and feel that it’s already in a highly polished state. It has been confirmed that Kingdom Come: Deliverance II has gone gold already, meaning that the main chunk of development has finished, and they are just working on bug fixes and tiny polishes. For those interested in the game, it’s set to be released on PlayStation 5, Xbox Series X|S, and PC via Steam and the Epic Games Store.
Apparently there is some more exciting news that is set to be released by Warhorse Studios and Deep Silver in the coming days, including a new story trailer, which will be premiering tomorrow. When the trailer goes live, the console and PC specifications will be released, which will include information about the PlayStation 5 Pro enhancements, as well as how the Quality and Performance modes will affect the game on console.
Kingdom Come: Deliverance was an incredibly popular game, so it’s no surprise that Kingdom Come: Deliverance II is shaping up to be a fantastic game with a lot of love poured into it. The team behind it has put a lot of effort into making it historically accurate, and Chris Wray previewed the game just three months ago, where he talks about his thoughts and feelings on playing the game, which you can read here.
In the lead-up to the release of Kingdom Come: Deliverance II, the team has been dropping details left and right about the game, including lengthy videos that showcase some of the gameplay that players can expect to experience for themselves when the game releases in February. This is a game that has been covered extensively on this site, from Q&As to the preview to talking about how the first Kingdom Come: Deliverance has managed to sell eight million copies thus far.
Most recently, Warhorse Studios and Deep Silver released a 43-minute gameplay video, which was featured in December’s IGN First. While the developers had the option to swap over to Unreal Engine, much like many developers in current-day game development, they decided to keep using Crytek’s CryEngine, and the game is still shaping up to look stunning and immersive for those history buffs out there.
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The Week In Review: Some New Year's Resolutions For The Sport Of Horse Racing – Thoroughbred Daily News

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Home » Archive » Shared News » The Week In Review: Some New Year’s Resolutions For The Sport Of Horse Racing
Updated: December 29, 2024 at 2:09 pm
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Actually, 2024 wasn’t that bad of a year for horse racing. There were no major scandals and the rate of horses breaking down fell again. At the tracks under HISA’s jurisdiction, it looks like the fatality rate for the year will be about 84 horses per 1,000 starters. Considering that same rate in 2009, the first year statistics were kept, was 2.00 per 1,000 shows just how far the sport has come. The GI Kentucky Derby was as thrilling a Triple Crown race as the sport has seen in some time, with three horses a nose apart at the wire and Mystik Dan (Goldencents) winning primarily because he got a perfect ride from Brian Hernandez Jr. With Thorpedo Anna (Fast Anna) giving Fierceness (City of Light) and the rest of the boys everything they could handle in the GI Travers, that was another race that none of us will soon forget. Plans for a new Pimlico and new Belmont, two tracks that have seen better days, are underway, which will make the Triple Crown even better.
But that doesn’t mean the future is bright. Far from it. There are still many problems that threaten the sport’s long-term health. The latest crisis is California racing, and where is it headed with so many problems and with purses so low they can’t even compete with Turfway Park?
There are no magic wands to get this sport back to the “good old days” but there are things that can done. Here are some fixable problems that racing can tackle in 2025. And if some of them seem trivial, remember that if the sport can’t even do the little things right, how is it going to do the major things right? Consider these racing’s New Year’s resolutions for 2025.

Here goes:
–Deal with the CAW problem. The computer players are driving people out of the game, even some bettors who used to be considered major players. No one can compete with these groups who have the best data, have computer programs and algorithms that find underlays, can bet at the very last second and then receive rebates that are substantially higher than anyone else can get. The more the CAW players win, the more everybody else loses. The day will come when the betting will be wales vs. wales while everyone else has either quit betting or finds another game to wager on. That’s when you can turn out the lights, and that may be closer than you think.
The problem is that you can’t live with these guys and you can’t live without them. If the tracks got together and banned them, the hit to the handle would be catastrophic. It’s estimated that the computer players account for about 35% of the total nationwide handle. That’s about $4 billion, $4 billion that the tracks can’t afford to lose.
Without a full-out ban, CAW players will continue to chase other players out of the business, but there are a few steps that can at least soften the blow. Every track should do what NYRA has done, which is to ban them from the win pool. That way, no horse at NYRA goes into the gate at 4-1, breaks on top and goes to 5-2 and then crosses the wire as an 8-5 winner. That doesn’t mean that CAW players aren’t cleaning up in other pools. But at least NYRA players aren’t routinely made to feel like chumps when they bet the straight pools. That’s not a lot, but it is something.
Coady Photography
—Do what Maryland and Virginia are doing and create more circuits. There used to be a time when racing would move from track to track with Track A running for three or four months before Track B has its run. We haven’t seen that in some time, but the Laurel/Pimlico-Colonial Downs circuit is going to be revived in 2025. Laurel won’t run when Colonial is running and Colonial won’t run when Pimlico-Laurel is open for business.
There is way too much racing in the Mid-Atlantic region and this will help solve the problem. It’s a win-win for everybody. Horsemen from both circuits will have what amounts to year-round racing, the purses should increase at both tracks since the same amount of slots money will be divvied up amongst fewer races and the tracks will save money because they will be shut down for a part of the year, lowering fixed costs.
Circuits should be revived at a lot of places, but the most obvious place for it to happen next is at Parx-Monmouth. Let Monmouth have the summer dates and let Parx have everything else. To make it fair for the horsemen, the tracks will have to arrange for free or, at least, inexpensive shipping. And the state breeding programs need to be taken care of, which should be easy to do. There’s no reason why Pennsylvania-bred races can’t be carded at Monmouth and Jersey-bred races at Parx.
–Let’s see HIWU catch some actual bad guys. The Horseracing Integrity and Welfare Unit never seems to let common sense get in the way of a suspension. We’ve seen dozens of trainers get suspended, many for drugs that likely got into a horse’s system through environmental contamination. And most of these are people who common sense will tell you are not cheaters. Take Ohio-based trainer William Pribble. He hasn’t won a race since 2022 and is 1-for-22 from 2022 to 2024. If he’s a cheater, he’s the world’s worst cheater.
HISA has eased up and doesn’t hand out provisional anymore for jaywalking. But Pribble has been charged with possessing Metformin, and for that reason, his suspension has not been lifted. The man’s career has been destroyed and it’s highly unlikely that he did anything wrong.
Meanwhile, there are a couple of dozen trainers out there that are still way too good to be true. Every handicapper knows who they are, but with very few exceptions, HIWU hasn’t caught any of them. How about a bettor’s advisory board that can make recommendations to HIWU any time they see a miracle worker work another miracle? The bettors are always the first to know.
–How can we consider ourselves a major league sport when we can’t ever seem to get the running order right during the a race? It seems to happen every day and at more than one track. The naked eye may tell you that the three horse is clearly in front but the chicklets have the two leading.
There were plenty of examples Saturday at Aqueduct. In the second race, the No. 8 is clearly leading but the chicklets have the four in front. In the 3rd, the Gravesend Stakes, the running order down the backstretch is listed as 5-7-4 when the actual order is 5-4-7.
This is minor league stuff that wouldn’t be tolerated in the minor leagues. It can’t be that hard to fix.

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