The Sunday Recap – Down the Rabbit Hole 17

Real knowledge is to know the extent of one’s ignorance.

Confucius

Easily stated, heads nodding sagely, then promptly ignored and back to Facebook for crypto outlook. I guess my point is that if you intend to play in this space for a number of years – look under the hood.

This week in crypto was as frenetic as usual. Samsung threw the crypto dog a nice juicy bone with an integrated hardware wallet on its next generation of phones. EOS poked its head above the parapet. Market sentiment turned vaguely optimistic (let’s respect the trend for now). Picked up an extended reading list

BITCOIN: Resuming the Rise

Today there are 5 Billion USD more inside the Total Market Cap and 24h Volume of BITCOIN increasing to the 8.5b$, as a result, everything in GREEN again!

Is not that beauty?

Right Now BITCOIN is fighting in order to cross one known resistance. It is an important test, not crucial but important indeed.

In my opinion, I doubt BITCOIN is going to be able to cross this resistance line (Secondary) in this current rise. Mainly, because I think everybody can clearly identify this seems to be the completion of the 5th wave up and being the 1st wave so strong and the

My TIMM Trading Pit Commentary – Wk Of 2/18/19

TIMM (Traders’ & Investors’ Mentor Market) provides the tools analysts need to share their insights in a central location, TIMM becomes a market where traders and investors can shop for the insights they’re looking for.The Trading Pits are, in some ways, the main meeting place for TIMM. Here you will see folks sharing insights and asking questions about markets.

Commentary from this past week includes:

Great set-up on oil this morning…2 min demand zone. I didn’t take it, saw it last minute and wasn’t able to asses things on multiple time frames first. Great example of being patient and discipline…that’s my #1

Have You Ever Heard Of Dine Brand Global???

Me either.  However, Dine Brand Global together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally.  I know this still doesn’t tell you who Dine Brand Global is.  How about this…the company owns Applebee’s and International House of Pancakes (IHOP).

Over the last four quarters, the company has surpassed consensus EPS estimates three times.  On Thursday as the stock rose 8% after the company reported a 21% jump in fourth quarter revenue end route to a beat in the fourth quarter.  The company reported fourth quarter earnings of $1.70 per share on revenue of

Could there be merit in the recent bull market expectations?

These last few days ive been seeing a lot of crypto-analysts talk of upward movement in the market.
I wouldnt call myself some that is well versed in Elliot waves or Fibonacci but i do hold that the market moves in cycles that can be anticipated to a degree in the log run.
I dont believe you can pin-point the exact moment of the shift to a high degree of success, but a general guess as to when it “might” happen, i think is possible.

What i like about the news these last few days is the “feeling” that things might shift. As much as im not someone that will bash something that i dont understand to the highest degree, i still think that when we are talking about long term upward movement happening, “general sentiment” is king here.
All these analysis might be self-fulfilling prophecies (i dont believe they are) since they could very well be acting as the trigger needed to turn the market around.

For those reasons there are only a small number of folks whose analysis i take at least somewhat seriously on STEEM. Most of them are using @timm. (https://mentormarket.io/)
Guys like Haejin give market analysts a bad name so many folks i know avoid them, but i can say that there are some great insight to be found on TIMM.
Just a short disclaimer: Not everything is straight forward and some folks do make some generic price predictions, but once they think they are on to something you can tell right away.

Let me know what you think. Is there merit in all this talk?

Ill see you around.

Crypto Contest February 23: Tezos

Tezos (Bitfinex: XTZUSD) 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, Tezos 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, Tezos should be heading next towards the December 24, 2018 peak in the red wave three.

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

Funnymentals

Tezos is a multi-purpose platform that supports dApps and smart contracts. The Crypto

You Should Start Investing in Real Estate While Still at Your W2 Job

The bottom line is it takes money to make money.  Who says it has to be your money, though?
One of the great things about rental property investing is that you can use other people’s money.  Usually the
“other person” is a bank who gives you a loan to purchase a property.
Thus, having the ability to secure loans from lenders is key.
What is one of the most important factors in getting a loan?
Income, especially showing consistent steady and predictable income into the future income.
Those of you with a W2 job……
You Should Start Investing While Still at Your W2 Job.
I’ve been on both