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Month: January 2019

BITCOIN: “Proof of Keys” event…

January 2, 2019 Published by

As anticipated yesterday, the Upper Breakage of the “Bull Flag” was something predictable and it was exactly what happened after publishing my post yesterday.

Since then, BITCOIN seems to maintain a non-artificial increase of price, which is perfect to fit in the planned path, which for me is the conclusion of the “B” leg of the 5-3-5 Zig-Zag Correction as I anticipated since more than a week ago…

The end of the “B” coincides in time with the so-called “Proof of Keys” event.

“January 3rd of 2019 marks the tenth anniversary of the first-ever block of Bitcoin mined – the so-called genesis

Index to crypto with Bit Brain – Edition VII – 2018

January 2, 2019 Published by

2018 is over and that means that it’s time for me to publish my final “Index” post of 2018 posts.

For those new to the awesome Bit Brain blog; I publish a monthly index of my posts from the past 30 days or so. It gives you an idea of what I wrote, lets you visit any gems which you may have missed and best of all: has a series of links that should make it easy enough to go back in time to find any of my posts.

I haven’t done Index posts for the last quarter of 2018, mainly because

STEEM – testing 730 resistance again

January 2, 2019 Published by

possible completion of double bottom on 4hr chart or a mini ascending triangle, estimated breakout price target to test 765 despite strong seller wall around 750, might take awhile to climb up with the amount of slow bleed unload last few days.
on daily chart, bigger double bottom W pattern, neckline zone around 830, maybe we will hit again when btc retest 4400. Or steem might just do it’s usual flash spike of 100+ to 300+ pts and selloff quickly thereafter.
stockpile for short : high (more slow bleed)
Short term moving average (day candle) :
RSI :
SBD/STEEM :
Weekly Timeframe :
24hr change :
Marketcap :86
Volume

BITCOIN – wedge breakout testing channel top

January 2, 2019 Published by

Look like the past few days bias is valid, breakout of down wedge and tested the possible down channel top resistance around 4000 zone. Let see if it can break this resistance and head higher to 4400 zone to complete the IHS.

News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :114
Total marketcap :131
Dominance :51.2
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

The Rich Get Richer – This Infographic Says It All

January 2, 2019 Published by

For decades now there has been the outright cry of a shrinking middle class in the United States.  That, coupled with a larger concentration of wealth among the one percent has been to the chagrin of the American public for some time.
However, most don’t know what the actual income and wage numbers look like.  I recently stumbled across this info in an awesome article on Vox.
Where’d My Money Go?!?
In 1989 this was the income breakdown per every $100 USD among the different wage classes.
As you can see the top 20% got a large chunk of that income, but it was

Crypto Contest January 2: Arbidex

January 2, 2019 Published by

Arbidex (Coinmarketcap: ABXUSD) has broken out of the triangle pattern in the line chart.
(Chart courtesy of Coinmarketcap.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Arbidex began a wave one advance on August 31, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on November 1, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on December 16, 2018. If this wave count is correct, Arbidex should be heading next towards the November 1, 2018 peak in the red wave three.

(Chart courtesy of Coinmarketcap.com (log scale))
Funnymentals
Arbidex compares the rates of сryptocurrency assets at multiple major exchanges and provides users

Smarter than Bit Brain

January 1, 2019 Published by

It’s a brand new year, and what better way to start a year off than with a big slice of pie? Humble pie.

From https://www.flickr.com ; by Beckmann’s Bakery ; used under CC BY 2.0 license

Smarter than Bit Brain

“If you can beat me – and that’s a big “if”! – I will publish a post of those who are “Smarter than Bit Brain” “From https://steemit.com/cryptocurrency/@bitbrain/investing-in-crypto-is-too-close-to-gambling

Technically I could get out of this: I wasn’t beaten, I was soundly thrashed!

But as much as I enjoy revelling in my own narcissistic glory whenever I can, I have to offset that by admitting when

BITCOIN – similar divergence 4hr and daily

January 1, 2019 Published by

Clean up the different channels, left with one still valid bigger down channel mentioned yesterday that’s the channel top resistance is holding strongly despite multiple test by candle to break. Possible down wedge consolidation, might retest 3680 and shadow dips below then bounce off the wedge bottom. Either the channel or wedge breakout will lead to test of 4000 again before heading 4400 to complete IHS but looks like timeframe running short unless it burst spike. Margin long have been building up in size. Bias upside
On daily chart, price still holding above previous low of 3680 support zone while stoch

Is Bitcoin Setting Up For an Explosive Move to Bring in the New Year?

January 1, 2019 Published by

Bitcoin continues to get squeezed, creating higher lows and lower highs. Overall volume remains weak. As price approaches the apex of the larger wedge it’s operating in, we should prepare for a larger move.

Looking at the 4 hour RSI, we can see it’s also getting squeezed. This also suggests a larger move to come in the next 24-48 hours.

In today’s video analysis I discuss, traps to avoid, possible trade scenarios, short term price movement and so much more. I hope you find it helpful.
Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to

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