Crypto Contest February 16: Waves

Waves (Bittrex: WAVESUSD) 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, Waves began a wave one advance on November 25, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 20, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 22 this year. If this wave count is correct, Waves should be heading next towards the December 20, 2018 peak in the red wave three.

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

Looking at the monthly chart, I believe Waves is currently in the red

The Sunday Recap – Down the Rabbit Hole 16

As usual, the cryptoverse threw up more than its fair share of interesting and in some cases, downright exciting, developments. Price threatened to rally then decided to bide its time for a while yet. Institutional money finally makes an appearance in the market, a shot across the bow of the bear perhaps? The SEC hints at soon to be announced regulatory clarity for the crypto industry. Bitcoins monthly chart shows a very interesting pattern. The managing director of Co-Venture gives us a peek into his trading mindset. A developer unpacks Cardano and finds a lot to like. Perhaps most interestingly of all, LiquidApps may

Liberland news

The President of the Free Republic of Liberland, Vit Jedlicka, congratulated Serbians on Sretenje, Serbia’s national statehood day. 
President Jedlicka called to mind Serbia’s history and the ultimate recognition of its statehood. In the name of the good neighborly relations between us, congratulated the country on its national holiday, hoping that the good character of our relations in the future would be bilateral at the state level.

Will Canada Goose Soar Again???

Canada Goose Holdings Inc. designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies. I was aware of Canadian Goose when they went public in 2017 and then Canadian Goose made the headlines again in recent weeks.

In the last two weeks, as weather has dipped as low as -30 degrees with wind chill, the Chicago Tribune reports that the city has fallen victim to a Canada Goose coat stealing spree. There have been multiple accounts of thieves specifically targeting and stripping people of their $495 to $1695 power parkas—and, according to the Tribune, at least one

BITCOIN – margin short dipping

Still consolidating within the mini channel, test the channel top and quickly came down again. Probably few more days to go until it test the low 3500 zone to see if the support can hold and bounce off for the 2nd leg up.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :124
Total marketcap :120
Dominance :52.8
Bitfinex Margin Long/Short Volume Ratio : margin short dipping
Depth Chart : (S) | (R)
Weekly Timeframe :
HOT ~ !!
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I’m Calling The Top In The DAX – Part 2

Two months ago, I called the top in the DAX,

I’m Calling The Top In The DAX

Last week, the final GDP result showed a decline of 0.2% in the third quarter, in line with expectations, but marked the first decline since 2014.  Manufacturing PMI fell to 51.6, this marked a fourth straight drop in manufacturing activity.

German industrial output unexpectedly fell in December for the fourth consecutive month, sending another signal that growth in Europe’s biggest economy is weakening.  Analysts said the fall makes it more likely that the economy contracted in the fourth quarter, which would translate into a recession after

Crypto Contest February 15: Crypto.Com

Crypto.com (Bittrex: MCOBTC) 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, Crypto.com began a wave one advance in July 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in August 2017, and the red wave two (blue sub-waves a-b-c) correction ended in November 2018. If this wave count is correct, Crypto.com should be heading next towards the August 2017 peak in the red wave three.

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

Funnymentals

Crypto.com, formerly known as Monaco, intends to offer payment card products that allow consumers to borrow and spend cryptocurrency

Rose – Macrophotography

A budding rose. Not yet developed, but just a beautiful as its mature counterpart.



Categorymacrophotography
Camera ~ LensNikon D3400 DSLR ~ 18-55 mm
LocationAustralia

Giveaway ? – 2 winners
1st draw – 1 SBI share. Winner will be chosen randomly after post payout.
2nd draw – 1 Gold Vampire

Prompt / Theme:  Do you like roses? Prefer another type of flower? What’s your favorite?

Rules:
  • No Upvote, No Resteem, No Follow – just your responding comment required to enter.
  • Comment a reply directly to this post within 7 days. A genuine (family friendly) comment responding to the theme / prompt is required.
  • Posted or Commented 5 or more times during the week this post is active.
  • Not be on @cheetah’s blacklist.

Thanks for having a look ?

If you liked this photo follow @kiokizz for more.


Unusual Options Activity In Coca-Cola – Part II

Yesterday, after Coca Cola announced earnings for the holiday quarter, the stock price fell more than 8%, the worst drop in a day since 2008. 

Coca Cola missed on revenue and the forecast for the year was disappointing.  Sales of sparkling soft drinks fell 1%, partly due to softness in North America and sales of juice and plant-based drinks dropped 2% as Coke focused less on low-value juice brands in Africa and Southeast Asia.

Two months ago, I talked about unusual options activity betting against Coca-Cola. What made this an intriguing bet against Coca-Cola was the Smart Money thinks that Coca-Cola

Diversify!

I often shout “Diversify!” when I speak about crypto, I even wrote a few posts specifically on that topic. I’m known for keeping a ridiculously over-diversified crypto portfolio that’s not very easy to track and manage (we’re talking way in excess of 50 cryptos here).

But is that all there is to diversification? Hold a lot of different cryptos – spread the risk and maximise the chances of finding something with good ROI – sell the ones that Moon and buy cheap (good) ones in their place?

Well – yes. That’s pretty much exactly what you should do.

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