Bitcoin Technical Analysis: PRICE DROPS…NOW WHAT?

Bitcoin is down nearly nearly 2% today as price dropped below the $3,800 support. It’s currently trading around $3,700 on Coinbase. This move was not unexpected as we’ve been watching price consolidate for nearly a week.

Looking at the daily chart, we can see it’s broken below the 21 day EMA. The next major support sits just above $3,600 on the 50 day MA.

Zooming all the way out on the weekly chart, we can see just how bearish the market still looks. I pointed out last week the tightening of price within what looks like a larger bearish pennant.

In today’s video

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One of those busy days. //

Been busy all day failing to catch up on my daily Whaleshares, Steemit replies. Didnt write my daily post which im doing right now. (The topic is apparently nothing lol) Need to do the daily Steem Monsters dailies and click things on Drug Wars to take more STEEM from crazy rich guys that threw hundreds if not thousands of STEEM at the game without thinking it through.
Just wanted to tell those folks:

Thank you for giving the rest of us free money.

hahaha. Enough already with the roasts and the told you so. lol
Im sure to piss some whale off eventually. haha

What else… Uhm..

Theres a steemian some of you folks know that might be coming back to Steem soon. Not sure when but i think once the weather gets better it might happen. Those are the immediate news.
Ill be busy the next few days so im not sure if ill be able to catch everything that is happening. Trying to complete a state exam so i can finally open my travel agency. Its actually 4 exams and i had one today already. Should pass it pretty easily..

Thats about it. Not much else to write about. I need to find another cause to support and another villain to yell at..

DAMN YOU CENTRALIZED EXCHANGES!!!

https://media.giphy.com/media/b93MGBJuQKoAo/200.gif

Need another target. Im starting to be repetitive. lol.

Ill see you around. 😉

Will George Soros Be Right About The Euro Too??

George Soros became one of the most famous currency traders in the world based on his bet against the Bank of England in 1992 on what became known as Black Wednesday, where he made over $1 billion on the trade.

In the months leading up to Black Wednesday, George Soros had been building a huge short position in pounds sterling. He recognized the United Kingdom was at a disadvantage when Britain joined the ERM, believing the rate at which the UK was brought into the Exchange Rate Mechanism was too high.

Black Wednesday occurred in the United Kingdom in September of 1992,

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BITCOIN – 4 Mar

On 4hr chart,continue to press for lower lows, likely to test 3670 zone. On hourly, looking for some breather space, possible consolidation light bounce.
Weekly candle close above 3600 zone but looking weak, more likely for testing of triangle bottom.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :116
Total marketcap :125
Dominance :52.6
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

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Flying under the radar

Cryptocurrencies are, by their very nature, a more secure and independent form of money. Nobody should be able to monitor your cryptocurrency related activities if you don’t want them to. This includes government agencies like intelligence services, tax agencies and central banks. These entities will try to obtain your cryptocurrency information against your will. As a crypto holder and trader, how do you keep them at bay?

From https://www.dover.af.mil/News/Article-Display/Article/230757/small-dangerous-threat-innovative-program-aims-to-eliminate-bird-strikes-here/

The solution is in the title of this post: you have to keep your crypto dealings largely under wraps.

Why am I writing this?

For those having a moral conundrum with this topic, those who

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Can WLS Spike here??? 1.50 is a huge level…

WLS is on the move folks. We have broken over 1.00 WLS/BTS and are on the move towards 1.50+. This is going to be a big level and we will get a gauge of how much WLS is actually in demand. Can we push through 1.50 and stretch to 2.00? You can see the past resistance of 1.50 numerous times in the past.

I have seen a few bullish charts on WLS floating around and I know more and more people are navigating their way to the platform from other places. WLS is growing faster and faster and the engagement needs

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Unusual Options Activity In CSI 300 China A ETF, ASHR

MSCI Inc. (MSCI), a
leading provider of indexes, portfolio analytics, and services for global
investors, announced this past Thursday that it will increase the weight of
China A shares in the MSCI Indexes from 5% to 20% this year.

The MSCI Emerging Markets
Index stands for Morgan Stanley Capital International (MSCI) and is an index
used to measure equity market performance in global emerging markets. 

The MSCI Emerging Markets Index consists of 23 economies including Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Peru, Philippines, Poland, Qatar, Russia, South Africa, Taiwan, Thailand, Turkey and the United Arab Emirates.

Since China is

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Crypto Contest March 4: GeoCoin

GeoCoin (Bittrex: GEOUSD) 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, GeoCoin began a wave one advance in August 2015. 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 February this year. If this wave count is correct, GeoCoin should be heading next towards the January 2018 peak in the red wave three.

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

Funnymentals

You can collect GeoCoin just by going to a location on the surface of the earth. More details in

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🗞 Daily Crypto News, March, 4th💰

  • For People To Trust Blockchains, We Need Good Storytelling ;
  • Crypto Companies Still Run Into Trouble Opening Bank Accounts ;
  • Coinbase: Former Provider Sold User Data to Third Parties, Prompting Neutrino Acquisition ;
  • Utah Bill Would Exempt Blockchain Firms from Money Transmitter Act ;
  • An In-Depth Look at Ethereum’s Maker and Dai Stablecoin ;
  • 📑 Daily Crypto Calendar, March, 3rd💰
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 For People To Trust Blockchains, We Need Good Storytelling

On April 10, 2010, Cherie Aimée was rushed to the hospital for chronic shortness of breath. Within minutes of reaching the emergency room, Aimée had flatlined: Her heart had stopped, she was unresponsive for 90 minutes, and CPR did not work.

But Aimée survived. For four months she lived on life support. “I had no heartbeat,” Aimée said during her keynote at Decentralized 2018, “but what kept me alive was a modern, innovative technology.” A Left Ventricular Assist Device (LVAD) sustained Aimée for about five years until she was able to get a heart transplant.

🗞 Crypto Companies Still Run Into Trouble Opening Bank Accounts

Companies in the cryptocurrency industry still have trouble opening bank accounts, major financial publication Bloomberg reported on March 3.

The report cites the complaint of Sam Bankman-Fried, CEO of quantitative crypto trading company Alameda Research, that “the standard answer of ‘just go to your local Chase branch’ doesn’t work in crypto.” Bankman-Fried also added that it is not illegal for banks to serve crypto businesses, but “it’s a massive compliance headache that they don’t want to put the resources in to solve.’’

🗞 Coinbase: Former Provider Sold User Data to Third Parties, Prompting Neutrino Acquisition

Christine Sandler, Coinbase’s director of institutional sales, has defended the crypto exchange’s controversial acquisition of blockchain intelligence firm Neutrino. In an interview with financial news channel Cheddar on March 1, Sandler said that previous client data providers were selling Coinbase user data to outside sources.

As reported, major United States crypto exchange and wallet Coinbase first announced the Neutrino acquisition on Feb. 19, saying it would make use of the startup’s advanced blockchain analytics tools, Anti-Money Laundering and Know Your Customer technology.

🗞 Utah Bill Would Exempt Blockchain Firms from Money Transmitter Act

A lawmaker from the U.S. state of Utah has introduced a bill that would stop blockchain firms from being classed as money transmitters.

Republican senator Daniel Hemmert filed senate bill 213 last week, proposing that any person who “facilitates the creation, exchange, or sale” of certain blockchain-related products should be exempted from the state’s Money Transmitter Act.

The bill also aims to create a legislative group called the “Blockchain Pilot Project Evaluation Task Force” to study the potential of the technology in government services.

🗞 An In-Depth Look at Ethereum’s Maker and Dai Stablecoin ](https://news.bitcoin.com/an-in-depth-look-at-ethereums-maker-and-the-stablecoin-dai/)

Since tether (USDT) bolstered the idea of a working stablecoin over the last few years, there’s been a variety of different types of stable cryptocurrencies that are usually pegged to the U.S. dollar. However, there’s one particular stablecoin that’s been a hot topic of discussion lately called dai, a coin that’s backed by ethereum locked into a smart contract.

The Maker team consists of CEO Rune Christensen, CTO Andy Milenius, President Steven Becker and roughly 18 other leaders. The community is relatively small but has been growing since the project’s inception. Maker and the stablecoin dai community have a blog, a chat forum, and its own subreddit where individuals discuss the nascent ecosystem. At press time, dai is ahead of the stablecoin GUSD with the 55th largest market capitalization of around $89.3 million.

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📑 Daily Crypto Calendar, March, 4th💰

  • Skycoin (SKY)

SkyWire Mainnet Launch

  • Stellar (XLM)

Stellar Blockchain Meetup at AWS Loft 350 West Broadway, New York, NY from 6:00 PM – 8:30 PM (EST).

  • IoTeX (IOTX)

IOTX participates in Allbit’s AxU Project 5 Trade Listing Competition from January 30 – March 4 (KST, GMT+9).

  • NetKoin (NTK)

“Netkoin’s Multi-token wallet will launch in the next beta version of Netkoin’s mobile app which is set for release on Monday 4 March 2019.”

  • IoTeX (IOTX)

“We are excited to introduce you to our first set of 36 Delegate candidates via a fun and interactive Vote & Share Campaign.”

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

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Here is the current chart :

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So today we had a nice bounce from the support line at 0.39$ as expected but we haven’t been able to break the previous TOP. We are now doing a pattern called double top which is a bearish pattern. This pattern will be validated if we break the support line at 0.39$, so nothing is done yet. Just keep that scenario in mind. If that support line creates a new bounce, the double TOP will be invalidated and we should try to break the previous TOP again.

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Last Updates

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Binance Does It Again

Despite the Crypto bear market in 2018 and despite 70% of ICO projects failing, ICOs were still able to raise over $10 billion in 2018.  This might be exactly why Binance launched their own ICO ecosystem called Launchpad.  And it make sense…projects have immediate access to potential funding from Binance’s 10 million users. 

Binance Launchpad’s second sale, Fetch.AI (FET), has just concluded within seconds of opening, suggesting investor demand for utility tokens has revived considerably.

More than 69M Fetch.Ai tokens were sold within twenty-two seconds of the token sale opening at 14:00 GMT on Monday. Binance founder and CEO, Changpeng Zhao,

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