For those who do not know, the “The Golden Cross” is a Candle-stick pattern which indicates a long-term Bull Market going forward. It occurs when a short-term moving average crosses over a major long-term moving average to the upside and it is very used by investors, analyst and traders as an indication of a major…
Read on Trybe
For those who do not know, the “The Golden Cross” is a Candle-stick pattern which indicates a long-term Bull Market going forward. It occurs when a short-term moving average crosses over a major long-term moving average to the upside and it is very used by investors, analyst and traders as an indication of a major…
Read on Trybe
This marks the 3rd post of the ‘Three Reasons’ series. The posts will alternate – a bullish outlook for a particular blockchain project followed by a bearish. Three is an estimate of convenience only. These posts are intended to be brief expressions of my opinion on particular cryptocurrencies and are not exhaustive in detail.
This post does feel a little like low hanging fruit. With the information on hand, a long term positive outlook on EOS is hardly counter-trend. Nonetheless, given the extended bear market and probable short-term downward price pressure on EOS, it is worth having a look under the
For those who do not know, the “The Golden Cross” is a Candle-stick pattern which indicates a long-term Bull Market going forward.
It occurs when a short-term moving average crosses over a major long-term moving average to the upside and it is very used by investors, analyst and traders as an indication of a major upward turn in a market.
Normally, the two moving averages used are the 50-Day MA and the 200-Day MA.
When the 50 DMA crosses the 200 DMA to the upside this is called GOLDEN CROSS…. Worth to say that also the contrary would indicate that the Bear Market is
HACK is the cyber security ETF that I am very big on and have been for the past couple years. You can see in the chart why I love this ETF. After the immediate sell off when it started, it has powered to all time highs. Then, after the most recent market “bear”, it is within a stone throw away from all time highs again.
Currently it is trading above key weekly moving averages and looks very very strong. HACK appears to have a magnet towards highs if the market hangs in there. This will be one of the ETFs I
Two months ago, I wrote a post titled,
FedEx On Notice Today
FedEx reported earnings that beat on revenue, but missed profit estimates. During the earnings call, FedEx decreased their 2019 numbers because of the ongoing US-China tariff war, which has already affected 10% of its businesses in China. On that news FedEx sold off hard.
Morgan Stanley analyst Ravi Shanker notes that Amazon (AMZN), which currently is leasing 40 cargo jets, could eventually have 100 planes running and estimates that the planned Amazon Air routes could overlap with more than two-thirds of the volume flown by UPS and FedEx.
That’s bad news
I will be the first to admit that I am wrong when I am wrong. Overall, with this crypto bear I have been consistently right the entire time. The top in December of 2017 was beyond obvious when everyone was piling in late in the game. The entire 2018 year consisted of watching lower high after lower high and I stayed bearish the entire 80+% pullback from highs. It is in this area here that I have been monitoring for a Bottom. Is this THE BOTTOM? No one knows. But it is a start. Litecoin above is actually testing the
Storj (Bittrex: STORJUSD) 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, Storj began a wave one advance in July 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in December 2017, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, Storj should be heading next towards the December 2017 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Storj aims to become a cloud storage platform that can’t be censored or monitored, or have downtime. Crypto
As mentioned yesterday post, possible fake breakout.
Likely to push thru or at least a fake break above the channel to the next resistance zone around 3700.
Possible to continue the consolidation with little moving space as it test the channel top resistance again. On daily made recent higher highs and still on higher lows if the day candle close above 3530
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :132
Total marketcap :121
Dominance :52.4
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :
EUR/SEK is the abbreviation for the Euro and Sweden Krone pair. It shows how much the EUR (base currency) is worth as measured against the SEK (counter currency). For example, EUR/SEK = 10.5400 indicates that one Euro can buy 10.5400 Sweden Krones.
Although Sweden is in the
Euro-Zone and is required to adopt the Euro currency a loophole has allowed the
nation to maintain its 230 year old krona (crown). The EUR/SEK has been in a 6-week
rally since late-December lows in the 10.1200 region.
Last week, SEK saw
further downside pressure after the domestic Services PMI dropped to 54.1
during the first month of the
