Bitcoin Technical Analysis: Continuation of the Bear Market or Bear Trap?

Yesterday Bitcoin tried breaking above the $4,120 resistance on Coinbase. While price was able to briefly wick above, it was unable to decisively penetrate. The bears quickly pushed it back below $4,000. Even though we watched price drop nearly $400 in 4 hours, volume remains relatively strong in comparison to just 2 weeks ago. In…
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Bitcoin Technical Analysis: Continuation of the Bear Market or Bear Trap?

Yesterday Bitcoin tried breaking above the $4,120 resistance on Coinbase. While price was able to briefly wick above, it was unable to decisively penetrate. The bears quickly pushed it back below $4,000. Even though we watched price drop nearly $400 in 4 hours, volume remains relatively strong in comparison to just 2 weeks ago. In fact, we’ve seen the highest daily volume in at least 9 months over this past week.

Looking at the daily chart, we can see price found support right on top of the 21 day EMA.

In today’s video analysis I discuss if this latest drop looks more

Forex Price Action Baby, No Technicals or Fundamentals…Trade #7 – Bought USD/CAD (2/25/19)

10,000 Ft View – 4 Hr Chart

Zooming In

What I like about the 4 hr demand zone is it’s embedded within a daily demand in which buyers stepped in at the whole number of 1.3100 and prices rocketed to daily supply at 1.3360 before return to the origin of the strong move.

I really must give my trades more of an opportunity to work out, as I’m risking only 10 pips and could have easily been stopped out. However, on the flip side, it means that my Reward to Risk are extremely high…if I can withstand the many stop

Crypto Contest February 25: Enjin Coin

Enjin Coin (Binance: ENJBTC) 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, Enjin Coin began a wave one advance in November 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 August 2018. If this wave count is correct, Enjin Coin should be heading next towards the January 2018 peak in the red wave three.

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

Funnymentals

Enjin Coin is a deflationary token and resource that can be used by developers, entrepreneurs,

Stamps.com No Longer Sticking

Stamps.com Inc. provides Internet-based mailing and shipping solutions in the United States. The company offers mailing and shipping solutions to mail and ship various mail pieces and packages through the United States Postal Service (USPS) under the Stamps.com and Endicia brands.

I heard of stamps.com before, thought it was a cool concept, but never was intrigued enough to investigate….that’s until now.

Image Source

Shares of Stamps.com Inc. fall 56.4% to $86.31 on Friday after the online shipping and postage company said its key partnership with the U.S. Postal Service has ended.

But it was Stamps.com who caused the crash when it said it no

Stamps.com No Longer Sticking

Stamps.com Inc. provides Internet-based mailing and shipping solutions in the United States. The company offers mailing and shipping solutions to mail and ship various mail pieces and packages through the United States Postal Service (USPS) under the Stamps.com and Endicia brands.

I heard of stamps.com before, thought it was a cool concept, but never was intrigued enough to investigate….that’s until now.

Image Source

Shares of Stamps.com Inc. fall 56.4% to $86.31 on Friday after the online shipping and postage company said its key partnership with the U.S. Postal Service has ended.

But it was Stamps.com who caused the crash when it said it no

Kraft-Heinz Got Squashed Like A Tomato

I’m not a big fan of the consumer staples.  Due to higher inflation, higher interest rates, consumer staples get hit because they use and convert raw materials into a finished good that you and I use as consumer. As a result, their input costs go up, directly affecting their top line sales.  In addition, the consumer staples companies can’t pass on their higher cost to us in fear of losing more business.

Kraft Heinz Co shares fell to their record low after the food giant announced a multi-billion dollar write-down due to eroding value of its Kraft and Oscar Mayer products

Kid – Animalphotography

A young kid exploring the world



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

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Prompt / Theme: Have you kept animals for their produce? A goat or cow for milk? A lamb for chops?

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Blockchains for Banks – Looking ahead

By now the crypto-savvy should all be aware that JP Morgan did not launch a cryptocurrency, it launched a private blockchain for its own use.

As I mentioned in the link: that was not at all surprising. What’s more, it won’t be the last such blockchain. Regardless of the dismay that Ripple fans will feel, big banks truly don’t care about crypto and would rather use their own blockchains (which they have total control of) than piggyback on somebody else’s solution.

What does this mean for crypto? Is it obsolete before it even gets off the ground?

Don’t worry. I have a