Bitcoin has been unable to break above the $4,000 resistance (Coinbase). Volume ’s dropped off slightly, which was expected. Price is currently trading round $3,900. it looks like we may see one more attempt to breach $4,000. If that fails, I’m expecting a drop back at least $3,800. EOS has been impressive these past few…
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Bitcoin has been unable to break above the $4,000 resistance (Coinbase). Volume ’s dropped off slightly, which was expected. Price is currently trading round $3,900. it looks like we may see one more attempt to breach $4,000. If that fails, I’m expecting a drop back at least $3,800.
EOS has been impressive these past few days. Bulls attempted to decisively break above $4.00, but the bears have fought them off so far. I’m expecting another attempt to break above $4.00. If that fails, we could see a drop to at least $3.60.
In today’s video analysis I discuss, where prices may be
Please click the link to listen to this episode of my weekly crypto podcast ‘Two Minute Crypto.’ These are intended to be short, single-topic ramblings on some aspect of the cryptosphere. Comments and critiques welcome
Transcript
Two Minute Crypto
Welcome to Two Minute Crypto – Today I’d like to pose the question whether you consider yourself crypto day trader. If an immediate answer popped into your head upon hearing this then good for you. If you are leaning towards not sure – then not so good.
Let’s state up front – day trading is an enormously challenging endeavour. You are competing with insider information,
Besides LITECOIN there is another crypto within the top ten in the Coinmarketcap willing to reach the “GOLDEN CROSS”.
It is BINANCE COIN [BNB]which crossed the 200-Day Moving Average on February the 9th and which its 50-Day Moving Average is now approaching to cross it as well…
According to my “measurements”, the “Golden Cross” would occur on March the 3rd, 12 days before than my forecast for Litecoin .
As per LITECOIN, No doubt, this is a win-win investment and also one of the Major coins able to confirm the REVERSAL in short term.
The EW-count on which I am playing with right
Wow this market truly pushes you to the limits. After nailing the Christmas Eve bottom in the equities market I flipped back to being intermediate bearish once the DOW and SPX were hitting the 200 day and major resistance levels. The past few days and week or so are really testing the bears patience as they try and get EVERYONE BACK IN who sold off at the lows. This has been a grueling couple weeks especially after being up so much in a row. NDX is now at the 200 day and I have been timestamped bearish in the 7035
The reason I decided to hold a good chunk of my crypto for the long-term was for the specific reason of adoption.
Just a fraction of society is involved in crypto. The functionality of it, though better each day is still too difficult for the regular Joe.
Think about that.
Will things stay like this forever? Most likely no.
The Perpetuation of Adoption
As the old saying goes. Rome was not built in a day.
This holds true for any new technology or game changer.
The internet took time to spread. Took time to improve and become user friendly.
Think about it. In 1990 if you were to
I was going to use a chart for this, but then I thought: “what for?”
We all know the recent antics of BTC: It took off a little under a week ago and generated an unusually high amount of interest.
Volume shot up and “bull market” comments flooded the social media platforms. BTC succeeded in clawing its way back to global financial relevance. In short: it conquered.
But every empire falls.
So as not to push this analogy too far, I’ll forego the Roman references from this point onward.
The volume rise was unprecedented and I for one was not expecting to see BTC
The Communication Services Select Sector SPDR ETF, XLC seeks to provide precise exposure to companies from the media, retailing, and software & services industries in the U.S. Launched in June of 2018, XLC was created in response to this year’s changes in the Global Industry Classification Standard, the sector benchmarking system used by many indexers to classify thousands of stocks worldwide.
The top holdings include:
Source
Todd Gordon, founder of TradingAnalysis.com, says resistance in the broader market could exacerbate weakness in the sector.
“We have a series of three tops right around $280 in the SPY, 2,800 in the S&P 500. I think that
Qtum (Bittrex: QTUMUSD) 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, Qtum began a wave one advance on December 7, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 24, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on February 6 this year. If this wave count is correct, Qtum should be heading next towards the December 24, 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Qtum is a decentralized blockchain application platform capable of running smart contracts on
I love markets. It is one of my favorite things…and this is the type of things that make it fun! Recently, since @freedomexists brought his WHALECOIN back online we now have a market to compare WLS to. The whalecoins are markets withing WLS, however they should jive with one another. I am here to tell you that WLS is UNDERVALUED! Here is why…
I am constantly powering down my growing whalestake in order to put more WLS out on the open market for people to buy. With the inflation rate I think this is proper to do so others can stake
