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Day: January 17, 2019

BITCOIN: Triangular formation…

January 17, 2019 Published by

Remember my post yesterday and my main Two Possibilities … Should I reconsider those scenarios ? Well, you have always to review and control the Plan, however, I have to say that both possibilities are still valid but one is taking more chances to be correct…

Today, BITCOIN has been drawing a nice Triangular Pattern, One spike up (b), another one down, repeating the same level…(a), (c).

Currently another green candle seems defining the (d)…

Breakage of the triangle usually happens on (e) but it can also happen on (d) as well so, we have to pay attention to the action of Bitcoin

Where Are We in the US Market Cycle?

January 17, 2019 Published by

The US Market endured one of the worst holiday seasons of all time this past Q4. Since then we have rallied HEAVILY off the lows and in fact, “one of the best starts in stock market history by the Russell 2000” has happened.
Well you remember what happened in 2016, with the worst start to the year? It may be about to turn into the exact opposite.

Above you will see where I believe we are in the cycle. After rising so STEEPLY, and possibly topping, you get the initial down move. Then you get “THE BOUNCE”. We are coming up on

Russell 2000…Look For It To Start Turning Down

January 17, 2019 Published by

They say the Russell 2000 leads the way down and leads the way up. 

The Russell 2000 lead the way down last quarter dropping almost 30% from its Aug 31 high vs the S&P 500 dropping almost 15% over the same period.

What a difference a new quarter and year make. The Russell 2000 has led the broader market, rising nearly 8% vs the S&P 500’s nearly 5% rise.  However, the Russell 2000 leading the broader markets might be short lived. 

Usually towards the end of the business cycle, rising interest rates hurt smaller companies the most because they have a higher debt

BITCOIN – lower low zone consolidation

January 17, 2019 Published by

Still on sideway move since 1 week ago, seem like it’s low from 3680 tiny candles consolidation to now around 3650 zone. Already past triangle apex point but neither side is giving way. Lower highs on 4hr chart, on hourly chart, lower highs and lower lows mini down channel.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :123
Total marketcap :121
Dominance :52.4
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

Crypto Contest January 17: Augur

January 17, 2019 Published by

Augur (Bittrex: REPUSD) has broken out of the triangle pattern in the weekly chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Augur began a wave one advance in December 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018.  If this wave count is correct, Augur should be heading next towards the January 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Augur is a decentralized oracle and peer to peer protocol for prediction markets. Veil, a peer-to-peer trading platform built on Augur,

Has GE Bottomed??? – Part 2

January 17, 2019 Published by

Three weeks ago, I wrote about GE because I was starting to see articles questioning whether GE had bottomed.

But before considering going long, the conviction for me would be if price can pull back to the daily demand at $6.75, then take out the $8 level, the bottom in GE would be more convincing at that point.

Has GE Bottomed???

GE not only came back to retest the daily demand at $6.75, but closed above the $8 level.

Now the same analyst who upgraded the stock, when it was in the $6 range citing a more citing a more “balanced risk-reward” profile and

Two Minute Crypto – Retail Investors Part 1

January 17, 2019 Published by

Please click the link to listen to the 18th episode of my weekly crypto podcast ‘Two Minute Crypto.’ These are intended to be short, single-topic ramblings on some aspect of the cryptosphere. Comments and critiques welcome.

Transcript
Two Minute Crypto – Retail Crypto Investors
Welcome to Two Minute Crypto – today sees the beginning of a two-part series focusing on retail crypto investors. In this episode, I’d like to focus on a few reality checks that are absolutely essential to a retail crypto investor’s success. For simplicity, by retail investor, I mean someone who places capital in the crypto market with a minimum of

Get. On. The. Blockchain. Rocketship.

January 17, 2019 Published by

It is such a good thing for the ecosystem and crypto itself that bitcoin an cryptocurrencies are not in the news every hour of every day like they were in 2017. This makes it so much easier for the blockchain believers to concentrate and help evolve the technology, rather than constantly hear from people gambling and tweet hating everywhere about crypto. It is actually pleasant. It is possible that the crypto stars are beginning to align again.

First off, bitcoin is not technically broken until it goes under 1150. This is quite crazy but you can see in the past bubbles

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