Crypto Contest February 10: UpToken

UpToken (Bittrex: UPBTC) has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, UpToken began a wave one advance on November 26, 2018. The red wave one finished on December 12, 2018, and the red wave two correction ended on January 10 this year. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on January 18, and the red wave four (blue sub-waves a-b-c) correction ended on February 9. If this wave count is correct, UpToken should be heading next towards the January 18 peak in the red wave five.

(Chart courtesy

Crypto Contest February 10: UpToken

UpToken (Bittrex: UPBTC) has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, UpToken began a wave one advance on November 26, 2018. The red wave one finished on December 12, 2018, and the red wave two correction ended on January 10 this year. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on January 18, and the red wave four (blue sub-waves a-b-c) correction ended on February 9. If this wave count is correct, UpToken should be heading next towards the January 18 peak in the red wave five.

(Chart courtesy

BITCOIN

Still on consolidation toward the previous big triangle bottom around 3600 zone. Possible 2nd leg up to test big channel top resistance around 3800 zone.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :130
Total marketcap :120
Dominance :53.1
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

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Drops – Macrophotography

Outside after the rain. Nice and damp.



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

Giveaway ?
2 SBI share. Winner will be chosen randomly after post payout.

Prompt / Theme: What do you like about rain?  To walk in it? Stay inside?

Rules:
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  • Comment a reply directly to this post within 7 days. A genuine (family friendly) comment responding to the theme / prompt is required.
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Thanks for having a look ?

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Liberland Show

In this episode, Jana, the First Lady of Liberland, discusses:

1) What led to the founding of Liberland on April 13, 2015
2) How she first fell in love with Liberland
3) How art and the study of the human body have given her a unique leadership perspective

Contact Jana:
Instagram – www.instagram.com/janamarkovicovaliberland

Follow the Liberland Show:
iTunes: itunes.apple.com/us/podcast/liberland-show/id1442988844…

Spotify: open.spotify.com/show/6oGiaY901GlfWbaFqgEEaF

*The podcast is hosted by Adam J. Carswell. 

BITCOIN: That jump of yesterday has been good but…

…obviously still not sufficient.

Frankly, I have doubts about if yesterday’s rise can be ascribed in any Elliot-wave count actually…but it can, of course…

First Option: EXTENDED FIRST WAVE

Let’s say that BITCOIN has traced an EXTENDED FIRST WAVE.

In this case, the first wave is the longest wave in 5-wave cycle upwards, it is completed and now is tracing the second wave, a corrective one.

We know that, in EW terms, under this scenario, the third wave cannot be longer than the first but neither can be the shortest wave. And so, the 5th and last wave upwards MUST be the

BITCOIN: That jump of yesterday has been good but…

…obviously still not sufficient.
Frankly, I have doubts about if yesterday’s rise can be ascribed in any Elliot-wave count actually…but it can, of course…
First Option: EXTENDED FIRST WAVE
Let’s say that BITCOIN has traced an EXTENDED FIRST WAVE.
In this case, the first wave is the longest wave in 5-wave cycle upwards, it is completed and now is tracing the second wave, a corrective one.
We know that, in EW terms, under this scenario, the third wave cannot be longer than the first but neither can be the shortest wave. And so, the 5th and last wave upwards MUST be the

BITCOIN

On 4hr chart, possible consolidation till test the support of the previous triangle bottom. Possible staircase pattern 1st leg, pushing for 3700 resistance then the big channel top resistance around 3900.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio : 130
Total marketcap : 121
Dominance : 53
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

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Forex Price Action Baby, No Technicals or Fundamentals…Week In Review 2/9/19

For the week, I had no winners and went 0-4 on trades.

I’m looking primary for Rewards to Risks trades of 5 to 1, making it possible to lose 80% of my trades and still be possible.

Let me give you an example.

Forex Price Action Baby, No Technicals or Fundamentals…Trade #2 – Sold NZD/JPY (2/3/19)

I was stopped out literally by one pip, but the trade would of covered 75% of my losses.

So I believe the message this week is for me to be a bit more conservative with my stops.

The other thing I learned this week…knew, but lived because

Forex Price Action Baby, No Technicals or Fundamentals…Week In Review 2/9/19

For the week, I had no winners and went 0-4 on trades.

I’m looking primary for Rewards to Risks trades of 5 to 1, making it possible to lose 80% of my trades and still be possible.

Let me give you an example.

Forex Price Action Baby, No Technicals or Fundamentals…Trade #2 – Sold NZD/JPY (2/3/19)

I was stopped out literally by one pip, but the trade would of covered 75% of my losses.

So I believe the message this week is for me to be a bit more conservative with my stops.

The other thing I learned this week…knew, but lived because