BaconDAO Whitepaper

V0.3 | May 24, 2021

VirtualBacon brand started 18 months ago, with the mission to provide education and unbiased research on Cryptocurrencies for their followers to potentially make profit from. Over 1500 videos later, they have amassed a following of over 230,000 members across TikTok, YouTube, Twitter, Instagram, and Discord.

However, as the proverb says:

If you want to go fast, go alone.

The biggest accomplishment for the VirtualBacon brand has been the incredibly experienced group of crypto enthusiasts and investors we have gathered.

Our community is now at 10,000+ members across…


Fintelics and BaconDAO have formed a strategic partnership to incubate Crypto and NFT startups. With the software development expertise of Fintelics and the content marketing reach of BaconDAO, our DAO members will receive industry leading technical, strategy, and marketing support.

Fintelics

Fintelics provides customized software development solutions. Combining your idea and their technical expertise, they create products tailored to meet your business goals. Fintelics is the Advanced Consulting Partner with AWS; All their applications are built on AWS cloud for better scalability. …


Dear followers of BaconDAO,

Welcome to the first BaconDAO Development Update!

Here are the updates:

General Updates

  • There is planned redenomination of the BACON token to better help our upcoming IDO launch. We propose a 1:20 redenomination so the starting price of BACON is lower. This should assist with the price discovery of BACON for new investors.
  • Read the updated tokenomics here
  • The team plans to separate the BaconDAO brand from the VirtualBacon brand. This will allow BaconDAO to continue flourishing even without the presence of VirtualBacon. With an overarching “Bacon” brand, this design also allows us to expand into other separate initiatives.

Development

  • 👩‍🌾 BaconFarm smart…


Bitcoin Update

Bitcoin Analysis by Wwoonka

As usual fellow surfers, we go from top to bottom.

On the weekly scale, the 21 exponential moving average (EMA) stands at 38k, indicating the floor for this bullrun, as long as we are above this line, the bullrun is intact.

Price action is not looking good, we are getting a second hanging man, indicating further red to come.


Bitcoin Update

Bitcoin Analysis by Wwoonka

As always my fellow surfer magician wizard gangsters, let’s start from the top. So we can dissect the puzzle and see what’s up and be ahead of the herd.

On the weekly scale, 21 EMA(which acts as dynamic support line) stands around 38.1k, you can see it has risen up a little, as long as we stand above it the bull run is in play. When price goes under the 21 EMA, it just confirms that bull run is over, that’s it.

According to price action, we are getting another hanging man, which is not good…


Bitcoin Update

Bitcoin Analysis by Wwoonka

Let’s kick it off as usual my fellow surfers, from top to bottom.

On the weekly scale the dynamic support line (21 EMA), stands around 37.9k to 38k zone. As long as price stays above that line, bull run is intact.

Indicators on the weekly scale are not saying much at this point.But the RSI broke down from the triangle.


Bitcoin Update

Bitcoin Analysis by Wwoonka

Before we kick it off as usual guys, let me add a side note — you probably saw the SOPR value that Glassnode sent weeks ago, that whenever it went in the negative, we were rallying hard from it. Please, don’t base your trades based on SOPR and other indicators R.I.P those who bought on that news and Elon news yesterday . It’s good to be aware of them, but never good to base investments on that…. Now let’s get back to my analysis.

On the weekly scale, RSI broke down and successfully retested the breakout…


Bitcoin Update

Bitcoin Analysis by Wwoonka

As always my fellow magicians, from top to bottom.

The weekly 21 exponential moving average stands around 38k, as long as price stays above this line bull trend is intact. Therefore getting as low as 40k would be “healthy”.

There is two factors that concern me on the big scale, which pushes me to a bearish bias in immediate short term. …


Bitcoin Update

Bitcoin Analysis by Wwoonka

As usual. From top to bottom.

On the weekly scale, the 21 exponential moving average stands around 38k this is particularly good since we are above the low green box zone, meaning that if price is to dip below it, the bear market will be confirmed.


Bitcoin Update

Bitcoin Analysis by Wwoonka

As usual guys(you know what I’m saying here right? ) from top to bottom.

Let’s look at our dynamic support line, which confirms whether the bull run is intact or not. The 21 exponential moving average (EMA) stands around 38k, indicating as long as we are above this line, bull run is intact.

MACD is indicating that momentum is fading away slowly, this does not necessarily mean that the bull run is over or anything like that, it’s just an indicator that tells its own story, that’s it.

RSI is in a downtrend while price is…

Dennis

Founder@VirtualBacon

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store