BITCOIN – 28 Feb

On 4hr chart,it did fall below the channel bottom support as mentioned, quickly got buy up to float above but seem to get heavy again with resistance around 3850 zone. More likely for leg 2 staircase pattern testing the big triangle bottom around 3400 zone.
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :116
Total marketcap :129
Dominance :52.1
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

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Caterpillar Back In Its Cocoon

The EU recently stated that it would impose 20 billion euros ($22.7 billion) worth of tariffs on U.S. products if President Donald Trump follows through on a threat to impose automotive duties against EU.  And one of those companies being targeted is Caterpillar.

If you can recall, Caterpillar, announced earnings last month and had its biggest profit miss in a decade on worries over trade tensions.  This past week Caterpillar was on the receiving end of more bad news.

Shares of Caterpillar Inc. sank Tuesday, after UBS swung to bearish from bullish on the belief that more than half of the company’s

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BTC’s Monthly Chart Just Turned Green

BTC just closed with a green monthly candle – not a stunner by any stretch of the imagination but up nonetheless. This continues Bitcoins pattern of never printing red more than six months in a row.

Does this mean, the rocket is primed – perhaps not yet but a good sign all the same. I remain a dollar cost average buyer of BTC every week.

https://www.tradingview.com/x/k3nVVc6Y/

The weekly chart remains sobering. Accumulation is the name of the game for the coming months. A drop to $3100 would see me buy-in but below that, the floor is a long way down.

The ‘this isn’t

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Steem Monsters season ending //

So another Steem monsters season is ending in approx. 8 hours. I think i can honestly say that im slowly starting to lag behind the other players, overall.

Ive probably mentioned it a million and one time already how i go about playing Steem monsters and what my “sale” tactics are.

Unfortunately i knew that i couldnt maintain my gains at the same levels indefinitely with minimal investment in my decks. Last few seasons i would regularly finish at Diamond 1, but i dont think i will manage to reach that rank this time around.

I would even do the dailies at higher ranks then this season which meant fewer cards every day. With all that i had a streak of bad luck this season so i barely managed to sell 10 STEEM worth of cards across both accounts. (Probably the worst ive done so far) And that includes rewards from the previous season end.

Ill try and push up a bit on the ladder to at least increase my rewards a bit for this season although i dont have high hopes pulling anything big. Been having diminishing luck ever since the legendary summoners drop that treated me very well, if i may say. 😛 hehe

Oh and one more thing to add for SM players. If you do pull something tomorrow dont sell it right away. You never sell cards when a large number of them reach player collections. The price drops really low, really fast and bounces back after a day or so. If youre selling, its best to sell after the initial card dump. And yes this IS card advice. 😛

Ill see you folks around and good luck to everyone with the draw.

Unusual Options Activity In Bed, Bath and Beyond

I was expecting Bed, Bath and Beyond to sell off in January after announcing earnings.  But the stock price went the opposite direction, jumping nearly 17% on the back of earnings.

The company’s announcement of relatively unchanged earnings guidance between fiscal 2018 and fiscal 2019 was the main reason the stock rose that day.

Five months ago I wrote a post titled,

Stay Away From Bed Bath and Beyond…They Has Been Amazoned

It’s very apparent their business model of marking up prices than offering discount via coupons isn’t working, nor driving traffic to their stores. Bed Bath & Beyond Inc. has 1,024 stores

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STEEM: Impressive 24h VOLUME

This level of 24h Volume is really impressive. We have passed from 2 Million $ 9.6 Million $ in a few hours!, currently reaching again the 41th position at the total Market Cap.

Someone is buying and in a consistent manner. It does not look as a couple of big orders being processed…

All Exchanges presenting a very consistent STEEM price, no appreciable pumps in anyone, being the Korean Exchanges a Upbit and Bithumb together with Binance the leaders managing the volume flow today.

Now, it would be a very good signal to break the 0.45 USD upper Resistance and not marking a

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🗞 Daily Crypto News, February, 28th💰

  • Singapore’s Wealth Fund GIC Among Those to Raise $300 Mln for Coinbase in 2018 ;
  • Constantinople Incoming: Tomorrow’s Two Ethereum Hard Forks Explained ;
  • Global Demand for Blockchain Engineers Up 517 Percent in a Year, Says Hired ;
  • Bitcoin Price May Rise in March Despite Month’s Bearish Track Record ;
  • Putin’s Order: Russia to Adopt Crypto Regulation by July ;
  • 📑 Daily Crypto Calendar, February, 28th 💰
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 Singapore’s Wealth Fund GIC Among Those to Raise $300 Mln for Coinbase in 2018

Singapore’s Government Investment Corporation (GIC) was reportedly one of the investors to have helped raise $300 million for major United States crypto wallet provider and exchange service Coinbase in 2018. Bloomberg reported the news on Feb. 28, citing anonymous sources familiar with the matter.

According to its official website, GIC — which was founded to manage Singapore’s foreign reserves — has in excess of $100 billion assets in over 40 countries worldwide.

As reported, Coinbase revealed it had raised $300 million in a Series E equity financing round in October 2018, brining its post-money valuation at the time to $8 billion.

🗞 Constantinople Incoming: Tomorrow’s Two Ethereum Hard Forks Explained

In less than 24 hours, the world’s second largest blockchain by market capitalization is expected to activate its sixth and seventh system-wide upgrades, at which point its global user base will be asked to make two near-simultaneous changes to its code.


Known as Constantinople and St. Petersburg, both upgrades will be implemented as “hard forks,” or upgrades that add new rules to the ethereum software that are incompatible with past versions. Both will also take place at the exact same block number – 7,280,000.


Should users decide to upgrade, St. Petersburg will effectively disable part of the Constantinople code discovered back in January to host a critical vulnerability affecting smart contract security. Further, four out of five planned ethereum improvement proposals (EIPs) – the majority of which, according to independent ethereum developer Lane Rettig, will not be noticeable to the average user.

🗞 Global Demand for Blockchain Engineers Up 517 Percent in a Year, Says Hired

This month, the <abbr title=”

Ethereum is a decentralized blockchain platform, enabled with EDCCs, where a software developer can build games, financial applications, gambling applications, utility and logistics software, social networks and more.”>Ethereum community experienced vicious infighting on social media as people reacted to Afri Schoedon’s controversial tweet about Serenity and Polkadot. The alleged verbal violence directed at Schoedon resulted in his exit from Ethereum and a subsequent letter, signed by dozens of Ethereum contributors, calling the community to develop healthier discussion practices and to “protect each other from threats and violence.”


This wasn’t the first Twitter thread in the Ethereum community to turn ugly, but Afrigate renews pressing questions about discourse. How can members of the community disagree or offer criticism in ways that are generative? In light of this recent display of toxic communication, I sat down with Taylor Monahan of MyCrypto to talk about healthy communication in the <abbr title=”

A record or ledger of all transactions that virtually eliminates third-party tampering. While every exchange of value or data is recorded and visible to users, the identities of those exchanging, and what the money is being exchanged for, is kept private. However, the amount of money is public. New blocks can only be added in chronological order (through mining or other means of block validation), and the inherent value and information cannot be compromised. “>blockchain ecosystem.

🗞 Bitcoin Price May Rise in March Despite Month’s Bearish Track Record

Bitcoin could end the five-year March losing streak with solid gains if resistance at $4,190 (high of last week’s inverted bullish hammer) is convincingly scaled in the next week or two.

The cryptocurrency reinforced a bullish triangle breakout witnessed last week with a quick recovery from sub-$3,700 levels yesterday. This “buy the dip” mentality indicates scope for a break above the recent high of $4,190.


The focus would shift to the primary bearish trend seen on the monthly chart if BTC fails to pick a strong bid in the next few days. In that case, the probability of BTC ending March on a negative note for the sixth consecutive year would rise.

🗞 Putin’s Order: Russia to Adopt Crypto Regulation by July

Russia’s President Vladimir Putin has instructed his country’s government to adopt federal laws relating to cryptocurrency by July this year. Russia has earlier broadened the definition of “digital financial assets” to include cryptocurrencies. Putin’s latest order resembles one he made regarding crypto regulation last year.


Putin has approved a list of instructions for 47 orders, according to a document posted on the Kremlin website on Wednesday. Among them is an order for the government to work with the State Duma, the lower house of parliament, to ensure adoption of “federal laws aimed at the development of the digital economy.” They include “determining the procedure for conducting civil law transactions in electronic form, as well as regulating digital financial assets and attracting financial resources using digital technologies,” the order details.


image.png

📑 Daily Crypto Calendar, February, 28th💰

Closed Alpha Testnet

“Incorporates over 15M American consumers’ data onto the CyberMiles blockchain,” during Feb 2019.

“Rather than rushing the mainnet out the door, the Matrix Team has decided to delay the launch of the mainnet until February.”

Po.et platform is set to release an open source e-book metadata format, similar to, but less expensive than today’s ISBN codes.

“Stage 2: Balancing and frequency regulation,” in Feb 2019.

image.png

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

Due to the drop of the BTC, we are currently starting also a correction. No luck because I’m quiet sure that if we would have a UP on the BTC, the resistance line on the STEEM around 0.39$ would have been broken. Anyway, the market decided the other scenario so we have to adjust our hopes. We have now a high risk to go test the support line around 0.31$…

image.png

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Home Depot Does It Again

It’s no secret I have been bearish on the Housing Market for many months.  I specifically wrote a post about Home Depot four months ago,

Finally Added Home Depot and Lowe’s To My Short List

Credit Suisse downgraded the Home Depot and Lowe’s yesterday citing slowing earnings growth due to higher interest rates weighing on home affordability.  I have been talking about the housing market turning sour for months and was just waiting to add the home improvement retailers to my short list.

Even shorted the housing ETF, XHB a while back,

but when Fed Powell said he was putting interest rates on hold,

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Some nice STEEM movement // Huobi STEEM/USDT listing

I busted my butt yesteday with the Dtube review for Oracle-d that turned out to be a bust since the review wasnt “professional” enough. Prolly was a bit too negative now that i think about it. haha
No matter!
Today is a new day.

For those of you that have missed it STEEM has been listed on Huobi exchange with a USDT pair. Which is always nice. Thats probably why we are seeing a pump the last day or so.

Screenshot (291).png

If id have to guess id say that the exchange might be pumping the price a bit to get some traders hooked on the token early on. Just a guess ofc.
Id love to see STEEM and 0.4$ but its anyones guess if we can sustain the price growth. Usually STEEM drops off pretty fast after a small pump.
But im not a market analyst so im not pretending to know the movement of the market. Im just going off of what ive been seeing lately. Call it anecdotal. 🙂

The best thing about this listing is that we got a Tether/Steem pair. Thats amazing news especially in a volatile bear market when you can easily move your STEEM into a stable coin and alleviate risk easily.

Will i use Huobi?

Probably not, since i find centralized exchanges for most part being in the game of extortion and borderline criminal activity. Having a net negative effect on the crypto ecosystem. I dont deny that we “need them” right now, but that doesnt mean i need to like them.

Crypto Contest February 28: Bytecoin

Bytecoin (Poloniex: BCNUSD) 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, Bytecoin began a wave one advance in November 2014. 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, Bytecoin should be heading next towards the January 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Bytecoin is a private, decentralized cryptocurrency with an open source code that allows everyone to take part in

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