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Day: January 13, 2019

No Kevin, Bitcoin will NOT bite the dust

January 13, 2019 Published by

“…I have also yet to hear a single intelligent challenge to this argument from the bitcoin community. Instead, the typical response has been personal abuse. Name-calling is no substitute for a reasoned response.”~ Kevin Dowd. Source: https://www.coindesk.com/bitcoin-will-still-bite-the-dust

CHALLENGE ACCEPTED

Kevin Dowd, a professor of finance and economics, wrote an article titled “Bitcoin Will Still Bite the Dust” which was published on www.coindesk.com on 13 January 2019. It’s based on a 2015 paper of the same name which he co-authored.

I haven’t read the 2015 paper and I certainly don’t intend to. For me the article alone was cringe-worthy. It contains statements in support

STEEM – more dump

January 13, 2019 Published by

quite abit of dump yesterday almost 1.2 million steem by steemit + slow bleed amount continuation yucks. I wonder if it’s been digested by the buyers. On 4hr chart, like retest of 700 support or possible down channel bottom around 680 support zone.
stockpile for short : high (more slow bleed)
Short term moving average (day candle) :
RSI :
SBD/STEEM :
Weekly Timeframe :
24hr change :
Marketcap :81
Volume :303
Current supply :293,377,178
Total supply :325,974,648.
Debt Ratio :
Daily supply :
Total account :

@Steemit is Powering Down…Everything…Longterm GREAT THING $STEEM #crypto

January 13, 2019 Published by

Well folks, I believe the time of Make it or Break It may not be upon us in the Steem ecosystem. @Steemit has decided to start its’ power down of 34 Million Steem Power as you can see below.

They then send a memo to say they are moving the Steem to “secure wallets”. I call absolute bullshit on this reasoning. They are powering down to pay for the company and expenses, and likely also for some more research and expenditures. I presently have some mixed feelings about this situation…
Normally when The Majority stake holder starts selling LARGE amounts (it is

American Airlines Sounding The Alarm Too

January 13, 2019 Published by

Two months ago I wrote a post calling the tops in the Transports,

I’m Calling The Top In The Transports

The charts are telling me the top is in on the Transports. The iShares Dow Jones Transportation, IYT, is exchange-traded fund that is highly correlated to the Dow Jones Transportation Average. The index includes companies within the trains, planes and auto…I mean trucking sector.

Last Week, Delta became the first airline to sound the alarm. Shares of Delta Air Lines finished 9% lower yesterday after they trimmed their revenue forecast for the fourth quarter. They also cut their growth estimate for revenue per

BITCOIN – will the pattern repeat again

January 13, 2019 Published by

On 4hr chart, been almost 10 days the margin short is lower than margin long but price isn’t heading anywhere upwards. Will the similar pattern repeat from 6400 drop to 3600 almost 50% decline (~3000pts move) happen again ?
On daily chart, need some oscillation up move before there’s room to head lower. Could be the start of the staircase pattern leg 1 and test towards low 3000s. Previous pattern of margin long > short last about 10 days before trigger, maybe we might see breakout soon in 1-2 days time.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network

Crypto Contest January 13: Unikoin Gold

January 13, 2019 Published by

Unikoin Gold (Bittrex: UKGBTC) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Unikoin Gold began a wave one advance on October 15, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on November 6, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 1 this year. If this wave count is correct, Unikoin Gold should be heading next towards the November 6, 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Unikoin Gold is a decentralized esports betting token. Crypto Cowboys interviewed the

Crucial Week For The Banks

January 13, 2019 Published by

The Financial Select Sector SPDR® Fund seeks to provide precise exposure to  companies in the  diversified financial services; insurance; banks; capital markets; mortgage real estate investment trusts (“REITs”); consumer finance; and thrifts and mortgage finance industries.  The top holdings include:

Source

Raymond James downgraded 13 banks on Monday and lowered earnings estimates for most banks citing downward revisions to net interest margin and slowing loan growth.

Banks make loans to borrowers at a higher rate than non-performing assets such as savings accounts and CDs and profit from the difference.

However, in an environment in which the yield curve is flattening, Banks’

$SPX Weekly Outlook: Neutral Bearish $QQQ $IWM $DJI

January 13, 2019 Published by

Here we are back again with another weekly look at the US Markets. SPX has rallied off the panic lows from Christmas Eve (which was called for) and is sitting right at 2600 resistance. The Outlook is neutral with a Besrish bias…
You can see the clear resistance lines of 2600 AND 2680. This resistance goes all the way back to 2017 and should be noted. IF you missed the first chance to sell at 2900 and then the break of 2760 then here is yet ANOTHER chance to sell.
The largest rallies happen in BEAR MARKETS, and do not let the

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