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Bringing Web 3.0 into Entertainment: Fellaz Sponsors Ultra Korea 2022 Event, Partners with UC Global

Bringing Web 3.0 into Entertainment: Fellaz Sponsors Ultra Korea 2022 Event, Partners with UC Global

The multi-chain Web 3.0 entertainment platform, Fellaz will have a say in the world-renown Ultra Korea 2022 event. The firm follows through with its vision to integrate Web 3.0 with entertainment.

As a result, the firm recently forged a partnership with UC Global, a Seoul-based lifestyle and entertainment firm known for its seamless management of global music festivals like Wanderlust and Ultra Music Festival (UMF). Fellaz is also among the 2022 Ultra Korea event sponsors.

This year Ultra-Korea is scheduled for September 25 to 26 at the Olympic Stadium in Seoul.  As the event draws nearer, Fellaz is leveraging the opportunity to promote its platform through an ongoing online-to-offline event. The firm is giving away Ultra Korea tickets. To qualify for the giveaway, fans will be expected to participate in the online event and provide feedback.

Besides, Fellaz  is developing infrastructure for community-building to benefit the EDM (electronic dance music) community. The task involves developing new features on Fellaz.xyz (Fellaz platform) allows entertainment lovers to create their own smaller communities on Fellaz.

Fellaz has completed building some communities that Ultra Korea attendees and EDM fans can use to interact before the event’s official kick-off date. The strategy will highlight what fans and artists expect from an online session and a real-life entertainment event.

” We noticed that festival goers’ experience only lasts when they are present at the event, but at Fellaz, we thought about what we could build to enhance the experience before, during, and after an event like Ultra Korea,” explained Fellaz Head of Marketing.

About Fellaz

Fellaz is a multi-chain Web3 entertainment based in Singapore. The platform integrates metaverse, NFT blockchain technology, decentralization, web 3.0, and original content empowering the entertainment industry to exploit untapped web 3.0 opportunities.

Can Bitcoin Withstand Continued Dollar Strength? | BTCUSD September 22, 2022

In this episode of NewsBTC’s daily technical analysis videos, we examine yesterday’s perfected TD9 buy setup in Bitcoin and other potentially bullish signals.  We also compare BTC against the dollar using the DXY Dollar Currency Index. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): September 22, 2022 In yesterday’s video, we warned::Listen

In this episode of NewsBTC’s daily technical analysis videos, we examine yesterday’s perfected TD9 buy setup in Bitcoin and other potentially bullish signals.  We also compare BTC against the dollar using the DXY Dollar Currency Index.

Take a look at the video below:

VIDEO: Bitcoin Price Analysis (BTCUSD): September 22, 2022

In yesterday’s video, we warned of a new low being made due to the appearance of a TD9 buy setup. These signals can be perfected when the candle makes a lower low. Here is how that played out.

Market Timing Tool Triggers Perfect Buy Setup During FOMC Aftermath

Given the several shakeouts and the explosive intraday volatility, taking a position based on the the TD9 buy setup was not easy. The TD Sequential has also brought its resistance level down to roughly $22,700. If price can tag the red line, we could have a low timeframe reversal.

A bullish divergence on the Relative Strength Index and LMACD potentially back up this bullish signal.

Were bulls bold enough to take action at the TD9 buy setup? | Source: BTCUSD on TradingView.com
Building The Case For A Possible Bitcoin Bear Market Bottom

Momentum is also right on the zero line on weekly timeframes, where those same bullish divergences could be building. The doji candle is indicative of indecision in the market, and could be a pause prior to a reversal, or strong continuation to the downside.

Weekly momentum has also fallen to the same level where past reversals formed. A bullish crossover might be all it takes to confirm a bottom is already in. In 2018, once crossed, Bitcoin took off like a rocket with more than 300% ROI in three months.

Comparing former bear market bottoms using the Relative Strength Index, each time the indicator reached oversold conditions on weekly timeframes, the bottom was already in. The PPO Percentile Rank which helps find tops and bottoms, shows that Bitcoin has been exhibiting bottom-like behavior. Moving out from the green range often has been the start of a new bull run.

Several indicators could suggest the bottom is in | Source: BTCUSD on TradingView.com

Related Reading: When Will Crypto Winter Thaw Out? Total Crypto Market Cap (TOTAL) September 20, 2022

BTC Versus USD: It All Comes Down To The Dollar

What happens to Bitcoin at this point has more to do with the dollar. The dollar is one half of the BTCUSD trading pair, making it especially important.

The dollar has been in a powerful uptrend, as you can see in the daily chart. However, momentum has been making lower highs suggesting that the underlying strength is weakening.

The DXY dollar currency index is also potentially forming an ending diagonal, which looks much like a rising wedge. These potentially bearish signals could create a reversal in the dollar that allows Bitcoin to bounce.

A comparison with Bitcoin offers a potential example of what might happen in the dollar. After a failed upthrust, price action reversed and a high was put in.

Is the DXY forming an ending diagonal? | Source: BTCUSD on TradingView.com

Learn crypto technical analysis yourself with the NewsBTC Trading Course. Click here to access the free educational program.

Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice.

Featured image from iStockPhoto, Charts from TradingView.com

Bringing Web 3.0 into Entertainment: Fellaz Sponsors Ultra Korea 2022 Event, Partners with UC Global

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