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Month: January 2019

BITCOIN – channel bottom light bounce

January 29, 2019 Published by

Channel bottom light bounce valid as mentioned from previous post, margin shorts still picking up. On 4hr chart, light bounce might continue to test resistance zone 3436. Possible mini slant W pattern which might breakout to test the resistance of the big triangle bottom which now become the resistance.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :130
Total marketcap :113
Dominance :53.4
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

Caterpillar On Deck Next – Part 2

January 29, 2019 Published by

I last spoke about Caterpillar about one month ago,

Caterpillar On Deck Next

Caterpillar gets 8% of its revenue from China. China is the world’s largest market for construction equipment by unit sales. Ongoing trade tensions between the U.S. and China and the inevitable slowing economic growth in both economies is causing Wall Street to reevaluate their price targets for all companies, including Caterpillar.

Earning pre-announcements is a way to ensure that no one acts on information the rest of the investor community doesn’t have and to fend off litigation due to companies not reveling the bad news ahead of time.

Caterpillar Inc on

Crypto Contest January 29: IoTeX

January 29, 2019 Published by

IoTeX (Binance: IOTXETH) 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, IoTeX began a wave one advance on August 15, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 28, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 5 this year. If this wave count is correct, IoTeX should be heading next towards the October 28, 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
IoTeX is a privacy-centric blockchain platform that is fast, flexible and Internet of Things (IoT) friendly. You

Grim Reaper, Meet The FANG Stocks – Part 2

January 29, 2019 Published by

Two months ago, I talked about the FANG ETF, First Trust Dow Jones Internet Index Fund (FDN),

Grim Reaper, Meet The FANG Stocks

I have been talking about the death cross lately in multiple posts and Grim Reaper introduced himself to Facebook, Google and Netflix in recent weeks.  The only two stocks that still have a soul left and haven’t seen the death cross on the charts are Amazon and Apple.

Last month was the first time all the FAANG stocks sold off at the same time after announcing quarter earnings. This told me the sentiment in technology stocks changed from being positive

Technical Analysis for Bitcoin: Quick Update

January 29, 2019 Published by

Bitcoin finally broke down below the $3,500 support it’s been hovering on for the last 2 weeks. It dropped to the known $3,400 support and is currently trading around $3,430.

Looking at the daily chart we can see bitcoin bounced right off the bottom Bollinger band.

In today’s video analysis I discuss, where price maybe heading next, traps to avoid 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 watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment

Technical Analysis for Bitcoin: Quick Update

January 29, 2019 Published by

Bitcoin finally broke down below the $3,500 support it’s been hovering on for the last 2 weeks. It dropped to the known $3,400 support and is currently trading around $3,430.

Looking at the daily chart we can see bitcoin bounced right off the bottom Bollinger band.

In today’s video analysis I discuss, where price maybe heading next, traps to avoid 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 watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment

BITCOIN: Bullish Divergence at the 4h-chart

January 28, 2019 Published by

Another low today, as expected, within the two lines which define the Bull-flag.
BITCOIN touched the lower support of the Bull flag and have entered inside the “Oversold” area of the RSI at the 4h-chart.
The good new is that RSI indication of the last two lows shows a divergence. When prices make lower lows but the oscillator(MACD or RSI are good ones) make higher lows it means just one thing, Next move must be upwards or, better said, it is a Bullish Divergence.
RSI Oscillator

MACD Oscillator

If you enter now (3400 USD), always considering that the upper dashed line is the “resistance” ,

BITCOIN: Bullish Divergence at the 4h-chart

January 28, 2019 Published by

Another low today, as expected, within the two lines which define the Bull-flag.

BITCOIN touched the lower support of the Bull flag and have entered inside the “Oversold” area of the RSI at the 4h-chart.

The good new is that RSI indication of the last two lows shows a divergence. When prices make lower lows but the oscillator(MACD or RSI are good ones) make higher lows it means just one thing, Next move must be upwards or, better said, it is a Bullish Divergence.

RSI Oscillator

MACD Oscillator

If you enter now (3400 USD), always considering that the upper dashed line is the “resistance” ,

What is Bullish about Everyone WARNING about Guidance?

January 28, 2019 Published by

I am shocked how incredibly bullish the mainstream media and the talking heads are regarding the current situation within the market. After the Q4 that was sustained, yes we have rallied off the lows of Christmas Eve, it is hard to believe that we are going to rip straight back to 2900 where we were before (it is possible, not likely). I believe you are witnessing one of the biggest traps in the last decade brewing.
As you see above, even with the V Shape rally, SPX has been unable to even make it to the 200 day MA. This shows

BITCOIN – New recent low

January 28, 2019 Published by

As mentioned yesterday, it may test the bottom of triangle bottom and indeed it happened and went lower. Let see if the day candle have strength push back and close off the candle above the triangle bottom near 3465 zone. On 4hr chart possible new down channel. Margin shorts picking up.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio : 130
Total marketcap : 113
Dominance : 53.6
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

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