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Day: January 25, 2019

A(nother) word on Bitcoin ETFs

January 25, 2019 Published by

The market is definitely maturing its way out of FUD – an excellent sign for upcoming growth!

I don’t always get the short-term calls right, but man am I good at the long-term ones – the ones which are really important to investors!

The last two Bitcoin ETF applications were withdrawn this week (by CBOE and SolidX) due to the US government shutdown (allegedly). What happened to Bitcoin when they withdrew?

Nothing.

This is in stark contrast to the immature and frankly rather clueless 2018 market.

Do you remember the effect that any ETF news had on BTC in 2018? Any statement from the SEC,

BITCOIN: Price projection using Bars Pattern. Just for Fun… :-)

January 25, 2019 Published by

Using BITCOIN Weekly Chart, Log Scale.Applying tool “Bars Pattern” of the previous BEAR/BULL Market, period from November 25th 2013 till December 18th 2017

Assuming End of Previous BEAR Market by end of August 2015Fitting and adjusting “Peak to Peak” with the summit of the last Bull (December 18th 2017):

Conclusions:

Still a lower low would be expected. “Simulation” of the “Bars Pattern” indicates 2548 USD as the lowest point.A “Consolidation” period of 7 to 8 months would be expected.Start of A Bull Market September 2019322.000 USD by the end of 2021…in the meantime, lots of Dapps, crypto projects and adoption coming…

Will you have the patience to

BITCOIN: Price projection using Bars Pattern. Just for Fun… :-)

January 25, 2019 Published by

Using BITCOIN Weekly Chart, Log Scale.
Applying tool “Bars Pattern” of the previous BEAR/BULL Market, period from November 25th 2013 till December 18th 2017

Assuming End of Previous BEAR Market by end of August 2015
Fitting and adjusting “Peak to Peak” with the summit of the last Bull (December 18th 2017):

Conclusions:

Still a lower low would be expected. “Simulation” of the “Bars Pattern” indicates 2548 USD as the lowest point.
A “Consolidation” period of 7 to 8 months would be expected.
Start of A Bull Market September 2019
322.000 USD by the end of 2021
…in the meantime, lots of Dapps, crypto projects and adoption coming…

Will you have the patience to

BITCOIN – triangle and mini up channel still valid

January 25, 2019 Published by

Margin short picking up alittle. Test the mini channel bottom and quickly bounce again on 4hr chart. Consolidation still ongoing within up channel. Still possible to test big triangle bottom, 3450 gonna hold and bounce for it to stay valid.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :120
Total marketcap :119
Dominance :52.5
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

The US Markets Path Going Forward $SPX $QQQ $IWM

January 25, 2019 Published by

The rally off the lows V shaped to new highs over the past 4 weeks. This was quite a V-shaped rally, which unsurprisingly, caught EVERYONE off guard. At the lows on Christmas Eve I said the rally is commencing and the immediate lows were in.
This was very important and still holds true. No one knows just how far the bounce goes, or rally for that matter but there are levels that should be noted. Regardless of how long it took, we are now here…

The market has 4 MAJOR levels of resistance that it will have to overtake before it

Is China A Buying Opportunity Or Value Trap???

January 25, 2019 Published by

On Monday, China announced that the Chinese economy grew 6.6 percent in 2018, which was the slowest pace since 1990. Also, Chinese President Xi Jinping said the country needed to be on guard for “black swan” events, while also preventing “grey rhino” events.

A black swan event is an unforeseen occurrence that has dire consequences whereas a grey rhino is an obvious threat that is ignored.

“The grey rhino is very clear, it’s the high level of debt in the whole economy from the government, the local government, and to the privately-owned enterprises 

On Tuesday, IMF Managing Director Christine Lagarde said the IMF cut

Crypto Contest January 25: TransferCoin

January 25, 2019 Published by

TransferCoin (Bittrex: TXBTC) 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, TransferCoin began a wave one advance in September  2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in October 2017, and the red wave two (blue sub-waves a-b-c) correction ended in November 2018. If this wave count is correct, TransferCoin should be heading next towards the October 2017 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
TransferCoin is a cryptocurrency with masternodes. You can view the masternode stats below.

(Sources: TransferCoin and MasterNodes)

If you think this analysis

Qualcomm…Left Out Of The Rally

January 25, 2019 Published by

Xilinix, Teradyne, Lam Research and Texas Instruments all beat earnings expectations in their reports on Wednesday, sending the chip sector higher by the end of the day.  The only outlier was Qualcomm which was negative on the day.

Kerrisdale Capital, is shorting Qualcomm shares and released a research report stating that Qualcomm is “teetering on the brink of disaster” and that its unique business model is “living on borrowed time.”

The FTC sued Qualcomm for violated FRAND {fair, reasonable, and non-discriminatory} rules, which states that companies that become members of the rule structure must license their products to competitors.

Apple filed a lawsuit

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