Today has been a great day for the market. Volume has increased and Bulls seem to come back…but, we have to be careful, this is not done yet! We must wait for the confirmation of the reversal trend and what better than looking how far are we from the “Golden Cross”? And what is a…
Read on Trybe
Today has been a great day for the market. Volume has increased and Bulls seem to come back…but, we have to be careful, this is not done yet! We must wait for the confirmation of the reversal trend and what better than looking how far are we from the “Golden Cross”? And what is a…
Read on Trybe
Found this interesting Steem UI im trying out that seems to add quite a few features and it seems its focus isnt completely on STEEM. Ill need to look into it a bit more.
For now this is a test to see how the post comes out on Steemit.
4th post today. hehe.
Much has happened in crypto these last few days. It’s important to see things in perspective and to be realistic. I can help explain the market fundamentals from the correct perspective.
The market is busy, it’s very busy. In fact – I have 11 browser tabs open right now, 1 to type this post and 10 for crypto. I’m actively trading in two of them.
Take a look at what I think is important:
Our old friend Jamie Dimon
The JP Morgan CEO made a lot of news for releasing his own cryptocurrency last week. Some saw this as typical banker behaviour: doing one
As many of you know I am a HUGE graphene blockchain fan and this includes the likes of STEEM, BTS, and EOS (As well as WLS and some others built on top of them). I have been following and accumulating EOS since November of 2018. In fact I hopped on the train then, but really haven’t been adding to the position until many days throughout January and now. This asset is a no brainer…
Dan, the creator of EOS, also the creator of STEEM, also the creator of BTS, also the guy who tried to convince Satoshi that bitcoin couldn’t scale…is
Bitcoin has broken above the $3,600 resistance, and is now testing $3,800. This breakout was backed by a very bullish increase in volume. Looking at the daily MACD, we’re seeing some slight bearish divergence. This suggests we could see a pull back. Should that happen, I’d watch for support around $3,700-$3,650. The daily chart also…
Read on Trybe
Bitcoin has broken above the $3,600 resistance, and is now testing $3,800. This breakout was backed by a very bullish increase in volume.
Looking at the daily MACD, we’re seeing some slight bearish divergence. This suggests we could see a pull back. Should that happen, I’d watch for support around $3,700-$3,650.
The daily chart also shows price breaking above the 50 day MA. If the daily candle closes above the 50 day MA, it’ll be a good indication this latest breakout has legs…at least temporarily.
In today’s video analysis I go a little more in-depth. I discuss market psychology, where price may go
Finally it hit the big triangle top resistance on 4hr chart. Also the 2nd leg of the possible staircase pattern, will it go for the 3rd? Might see consolidation next few days with little range around 3730 support and triangle top. More likely of pullback after that consolidation, some possibility of fake breakout upside maybe towards the strong sell wall around 4000 then pullback. margin longs almost hitting ATH.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio : 132
Total marketcap :129
Dominance :52
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :
About one month ago I wrote a post titled,
Will The S&P 500 Make All-Time New Highs In 2019???
Edward Yardeni, who spent decades on Wall Street running investment strategy for firms such as Prudential and Deutsche Bank, predicts stocks will break out to all-time highs this year.
“I’m still sticking with 3100 and feel better about it,” said Yardeni, who noted valuation multiples, low interest rates and inflation is setting Wall Street up for a very good year.
In order for Ed to be right, price has to get pass the daily supply zones in white and
Lunyr (Bittrex: LUNBTC) 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, Lunyr began a wave one advance in December 2017. 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 September 2018. If this wave count is correct, Lunyr should be heading next towards the January 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Lunyr is an Ethereum-based decentralized crowdsourced encyclopedia which rewards users with app tokens for peer-reviewing and contributing information.
