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Day: January 14, 2019

Security Token Offerings – Part 2

January 14, 2019 Published by

In the first part of this series, the potential of Security Token Offerings (STO’s) was explored. The possible benefits of fractional ownership, expanded access to liquidity, compliance by design, and programmable assets were all highlighted. However, there are also many aspects of STO’s to be wary of.
Shackles to the Legacy Financial System
Security Token Offerings by design involve compliance procedures. Know your customer (KYC) and Anti-money laundering (AML) procedures will require personal information and documentation. It will not be possible to purchase an STO and remain anonymous. For many crypto enthusiasts, this alone will make security tokens unattractive. Purchasing such a token will essentially

BITCOIN: Is the correction finished?

January 14, 2019 Published by

…and the answer is also difficult.

I see two possibilities now at the 4 hour-chart.

The first one: with the last drop, BITCOIN has reached the 5th wave bottom, end of the ZIG-ZAG correction…

3rd wave longer than 1st and 5th… 5th wave short but within the expectations, since “C” is just below “A” Leg… From now on, we should see 5 waves towards the “Target Resistance” in dashed Blue line.

If BTC manages to break that resistance it would be a very good signal of Reversal…

2nd Option (among others, of course…): The assumption would be that still the 4th wave is in play

SPX Bulls Showing Resilience

January 14, 2019 Published by

After quite the bounce last night and some negative news one could think the bears would come roaring down and sell off the market for at least a day, but the bulls seem to remain strong recently.
Bank Miss, China Down
This morning we got the first of what will be many banks reporting their fourth quarter results.  Citi kicked it off with a miss on revenue, which seems to be the expected tone for the banks this earning season from the pundits.
Additionally, data out of China sparked worries over a global slowdown as their import/export numbers were lower than expected.
Don’t Skip

Bitcoin Technical Analysis: PRICES SPIKE, BUT DON’T GET COMFORTABLE YET

January 14, 2019 Published by

Bitcoin’s price spiked from a low of $3,480 to $3,700. It’s currently trading around $3,670 on Coinbase. We know $3,600 was acting as a strong support before prices dropped 2 days ago. Often when a support is broken, it starts acting as resistance. In this case, when price spiked, $3,600 did not act as resistance. This gives bulls some hope for a larger rally. Let’s now see if $3,600 starts acting as support again.

This latest rise in price also came with a drop in long positions. In other words, traders to profit. This is a healthy sign.

Unfortunately, overall daily volume

Bitcoin Technical Analysis: PRICES SPIKE, BUT DON’T GET COMFORTABLE YET

January 14, 2019 Published by

Bitcoin’s price spiked from a low of $3,480 to $3,700. It’s currently trading around $3,670 on Coinbase. We know $3,600 was acting as a strong support before prices dropped 2 days ago. Often when a support is broken, it starts acting as resistance. In this case, when price spiked, $3,600 did not act as resistance. This gives bulls some hope for a larger rally. Let’s now see if $3,600 starts acting as support again.

This latest rise in price also came with a drop in long positions. In other words, traders to profit. This is a healthy sign.

Unfortunately, overall daily volume

Cancelled Two Forex Pending Orders

January 14, 2019 Published by

It’s January 13th and I have yet to place a trade in forex 2019. By no means is it due to the lack of volatility. For example, when Apple pre-announced two weeks ago, the Japanese Yen pairs went bonkers. For example, just look at what happened on the USD/JPY.

The pre-announcement occurred after the US session close. During the period between the US close New York and the Tokyo open in Tokyo, few human traders are involved in the forex markets. More than likely the flash crash was algos sniffing the internet for news and sold the Markets when Apple

No Kevin, Bitcoin will NOT bite the dust – Part 2

January 14, 2019 Published by

Yesterday I wrote about an article written by economist/financial expert Kevin Dowd. It discusses why Bitcoin will become worth nothing. I disagreed, but I did not say why he was wrong. Now I am doing just that.

I have finished formulating my counter-arguments, but in true Bit Brain style, they are longer than expected. Thus I am further subdividing this post into two – I will discuss his two main arguments in one sub-post each.

For this post to make any sense, you first have to read: https://mentormarket.io/bitbrain/no-kevin-bitcoin-will-not-bite-the-dust/ for the background information.

From www.pexels.com

Why Kevin is wrong:

First Argument: Bitcoin mining is a natural monopoly

Bitcoin is

STEEM – supply/demand basic | more slow bleed to come steemit 34 mil dump ahead

January 14, 2019 Published by

Basic of supply and demand, and price of steem probably gonna head down lower via slow bleed effect in the coming weeks. I was just talking about the huge dump by steemit yesterday and following that, they started FULL powerdown and release of 10 mil SP delegation to steem.
On 4hr chart, test the low of 700 and bounce following btc movement. Despite the huge amount above, powering down will take time and as usual they are likely to do it via slow bleed. Possible down channel. Next support level around 680 near channel bottom. Distributed buy walls below 700 to

BITCOIN – some more room before channel bottom

January 14, 2019 Published by

Shortly after i posted btc analysis yesterday and it sell off below 3680 support. Possible short covering bounce. Still some more room to go for testing channel bottom around 3400 zone.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :123
Total marketcap :118
Dominance :52.9
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

Crypto Contest January 14: Agrello

January 14, 2019 Published by

Agrello (Binance: DLTETH) 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, Agrello began a wave one advance on August 16, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 30, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on December 29, 2018. If this wave count is correct, Agrello should be heading next towards the October 30, 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
The Agrello platform is a dashboard where you can manage your identity, create contracts,

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