The Sunday Recap – Down the Rabbit Hole 12

A lot to take in this week. Encountered a trader whose hard-nosed perspective on trading made even me blink a bit, came across a novel way to tackle the concept of ‘intellectual rights’, started an epic deep dive into BitTorrent, and lost far too much time gazing at a ‘visualisation’ of Bitcoin transactions. The bear grinds on as bears are sometimes want to do but this space keeps on giving to those who are willing to peer under the hood.
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Insightful and important insights into how our very ‘nature’ works against successful investing:


If you are considering become a day trader –

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Episode 10 – Faisal Butt (Consul General for Pakistan)

In this episode our guest Faisal Butt, Liberland Consul General for Pakistan, discusses:

1) How he was detained twice on a Liberland-related mission
2) Why Liberland’s presence is spreading like wildfire in Pakistan
3) What it was like flying Air Liberland

Contact Faisal:pakistan@liberland.org

Follow the Liberland Show:
iTunes: itunes.apple.com/us/podcast/liber…2&ign-mpt=uo%3D4

Spotify: open.spotify.com/show/6oGiaY901GlfWbaFqgEEaF

*The podcast is hosted by Adam J. Carswell.

Unusual Options Activity In Freeport-McMoRan

Freeport-McMoRan (NYSE: FCX) engages in the mining of mineral properties in the United States, Indonesia, Peru, and Chile. The company primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas. 

After a stellar 2017, FCX fell 46% in 2018 in large part to the drop in copper amid the US-China trade war.

As a result FCX received several downgrades from Wall Street in 2018.  The last downgrade was from RBC Capital, in November to “underperform” from “sector perform” and reduced their price target on FCX from $16 to $15.

FCX is expected to announce earnings on

When a Bullish Market?

…or better said, by when the reversal will be confirmed?

Honestly, I do not know with certainty but I can share with you what I think are really good and simple tools to assess this point:

The Crypto Total Market Cap, in a Daily timeframeThe 200 DMA lineThe “Volume Flow Indicator” by LazyBear

Essentially, the Market is in a Bearish Trend when, the 200 DMA keeps located above “Total Market candle Line” and the “Volume Flow Indicator” [VFI] keeps below the “0” line separating two scenarios.

So, to confirm the reversal trend we should have to see first, an “approach” of the “VFI”

STEEM – let’s see the price reaction from the incoming 2.6mil powerdown steem

Seem like the momentum is tampering around 1073 resistance, around the possible 2nd legged staircase pattern, maybe a 3rd leg into next resistance around 1150~1200.
Crazy high volume mostly to/from korean exchange.
steemit powerdown, first batch liquid steem 2.6mil to be available 20 jan. Let’s see if it can be absorb by the buying volume.
stockpile for short : high (more slow bleed)
Short term moving average (day candle) :
RSI :
SBD/STEEM :
Weekly Timeframe :
24hr change :
Marketcap :119
Volume :3128
Current supply :
Total supply :
Debt Ratio :
Daily supply :
Total account :

?BITCOIN – TRIANGLE BREAKOUT, SIMILAR PATTERN AHEAD ? | $WAVES TRADE

 
On 4hr chart XBT, breakout from triangle, lucky i didn’t short yesterday. Got a gut feel that it might just bounce to do a ascending triangle pattern and indeed it happened. Notice a similar pattern forming, will it repeat again ?
create FREE steem account (worth 3 steem) : http://bit.ly/share2steem_yt1
You post content on social media anyway, why not post and Earn…

Steem Rallies 70+% on @steemit Full Power Down…EMBRACE THIS #crypto #blockchain

You can’t make this up folks. I have been saying this for months, in fact many have been saying this for a while. And now the MARKET has reacted to it. While EVERYONE (many) on Steem blockchain moan and groan about @steemit powering down, I am like…

Steem immediately went straight up over the next 6 days once @steemit started the full powerdown. The MARKET loves this. For a reaction of 70+%, you can’t argue with the price. If you have been around markets (all markets rhyme) then you know that PRICE is what matters. This news is positive, don’t let

Crypto Contest January 19: BitShares

BitShares (Poloniex: BTSBTC) 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, BitShares began a wave one advance in October 2017. 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, BitShares should be heading next towards the January 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Looking at the monthly chart, I believe BitShares is currently in the red wave three (blue sub-wave iii).

All Eyes On Brazil’s Bolsonaro

Brazil stocks have been rallying since Bolsonaro’s presidential victory in October last year. 

While the global equity markets tanked in the fourth quarter, the Brazil’s Bovespa index gained 11% in the final quarter of 2018.  Brazil’s economy has struggled for growth in recent years.  Brazil also has massive pension issues.  For example, Brazil’s current retirement age is 60 for men and 55 for women which has has put a strain on the system. But global investors think Bolsonaro will make the changes necessary to help and grow the country’s economy again.

The most popular Brazilian ETF, iShares MSCI Brazil, EWZ, rose