What 1-hour chart says?
Fundamental Development:-
Why Coinbase is banning slide decks and 'endless meetings'
Crypto exchange Coin base is getting rid of slide decks and “endless meetings” as a way to improve productivity following the purge of roughly 18% of employees last month.In a July 13 blog post, Coin base CEO Brian Armstrong noted that the company is currently focused on “driving more efficiency” as it continues to scale, pointing to a 200% year-on-year employee growth over 18 months that had started to put a strain on the firm’s organizational structure.He suggested that many major firms experiencing rapid growth generally end up becoming complacent and slowing down, while great companies do the opposite:“While this trajectory is natural, it is not inevitable. Every great company, from Amazon to Meta to Tesla, found ways to retain their founding energy in conjunction with appropriate controls, even as they scaled to be much larger than Coin base is today.”As part of the focus on efficiency, Armstrong stated the firm is “experimenting with banning slide decks in product engineering reviews” to speed up the product development process.“Inside growing companies, there’s a danger that product and engineering teams start shipping great slide decks instead of great products," said Armstrong.Slide decks are essentially a series of slides used for visual representation when presenting ideas. They are very popular ways to communicate big ideas but have a reputation for frequently not being realized.
Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $19,400-$19,500 ranges.BTC is made low 19,200 and now consolidating within a range. Yesterday it made high near $20,400 and then it continue to decline. Bitcoin is struggling to gain momentum above $19,500.
Alternative Scenario: If Bitcoin fails to clear the $19,500 resistance zone, it could start another decline. An immediate support on the downside is near the $19,100 level.
Why Coinbase is banning slide decks and 'endless meetings'
Crypto exchange Coin base is getting rid of slide decks and “endless meetings” as a way to improve productivity following the purge of roughly 18% of employees last month.In a July 13 blog post, Coin base CEO Brian Armstrong noted that the company is currently focused on “driving more efficiency” as it continues to scale, pointing to a 200% year-on-year employee growth over 18 months that had started to put a strain on the firm’s organizational structure.He suggested that many major firms experiencing rapid growth generally end up becoming complacent and slowing down, while great companies do the opposite:“While this trajectory is natural, it is not inevitable. Every great company, from Amazon to Meta to Tesla, found ways to retain their founding energy in conjunction with appropriate controls, even as they scaled to be much larger than Coin base is today.”As part of the focus on efficiency, Armstrong stated the firm is “experimenting with banning slide decks in product engineering reviews” to speed up the product development process.“Inside growing companies, there’s a danger that product and engineering teams start shipping great slide decks instead of great products," said Armstrong.Slide decks are essentially a series of slides used for visual representation when presenting ideas. They are very popular ways to communicate big ideas but have a reputation for frequently not being realized.
Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $19,400-$19,500 ranges.BTC is made low 19,200 and now consolidating within a range. Yesterday it made high near $20,400 and then it continue to decline. Bitcoin is struggling to gain momentum above $19,500.
Alternative Scenario: If Bitcoin fails to clear the $19,500 resistance zone, it could start another decline. An immediate support on the downside is near the $19,100 level.
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