DigiByte (Bittrex: DGBBTC) 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, DigiByte began a wave one advance in March 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in July 2018, and the red wave two (blue sub-waves a-b-c) correction ended in February this year. If this wave count is correct, DigiByte should be heading next towards the July 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the weekly chart, I believe DigiByte is currently in the red wave three (blue sub-wave
On Wednesday, February 27, members of the Nevada Senate’s Committee on Judiciary heard two <abbr title="
A record or ledger of all transactions that virtually eliminates third-party tampering. While every exchange of value or data is recorded and visible to users, the identities of those exchanging, and what the money is being exchanged for, is kept private. However, the amount of money is public. New blocks can only be added in chronological order (through mining or other means of block validation), and the inherent value and information cannot be compromised.
“>blockchain-focused bills introduced by Senator Ben Kieckhefer (R): SB162 and SB163. Although Nevada does not prohibit blockchain technology or otherwise restrict its usage, the two bills provide clarifying language to, as the bill proponents explain, signal that Nevada understands and embraces blockchain and is open to economic development opportunities related to the technology. In a way, the bills could be considered enabling legislation.
Bitcoin miners in China are buying used equipment and making deals with mining farms and hydroelectric plants, betting abundant water this summer will make their businesses profitable again.
That’s because during this season a significant amount of excess electricity is expected to be generated by hundreds of hydropower stations, especially in China’s mountainous southwestern provinces of Sichuan and Yunnan. This level of excess power results in competitive electricity costs for bitcoin miners, making it perhaps one of the rare opportunities to earn profits in the current bear market that has already impacted the mining sector.
Hashage, a company based in the city of Chengdu in Sichuan that operates six mining farms with a supply of about 200,000 slots for machines, for example, said the electricity cost in Sichuan during the summer – which may vary from hydropower plants – is usually around 0.25 yuan, or $0.037, per kilowatt hour (kWh) for hosting equipment for miners.
London-based blockchain analytics firm Elliptic — which provides technology to major United States crypto exchange Coinbase — has refuted allegations that it collects and sells clients’ user data to third parties for financial gain.
In an official statement published on March 4, Elliptic’s CEO and co-founder James Smith stated that the firm has never “enabled the violation of individuals’ financial privacy,” and that such accusations represent a fundamental misunderstanding of Elliptic’s industry role.
Elliptic is one of key players in the blockchain intelligence sector, providing analytics tools that allow companies, governments and law enforcement agencies to monitor blockchain transactions and track suspected illicit activities, such as money laundering.
A supreme court advocate has explained the limitations of the Indian government’s power to regulate cryptocurrency, determining that the court should not get involved. Meanwhile, the crypto community awaits the government’s regulatory framework and the supreme court hearing of the petitions against the banking ban by the central bank.
“Cryptocurrencies by their very nature cannot be regulated … The supreme court should resist the urge to get involved”.
The moving average convergence divergence (MACD) has become the latest charting indicator to signal bitcoin may soon see a trend reversal that could put an end to its months-long price decline.
As reported, the money flow index (MFI), an indicator used to identify buy and sell pressure, created a divergence Sunday widely considered to be an early sign of a bearish-to-bullish trend change, while last week, bitcoin saw a bearish crossover of its 50- and 100-week moving averages, a first since 2015.
As such, the MACD became the latest in a series of indicators, that when applied to bitcoin point to seller exhaustion and a potential trend reversal as of Monday.
? Daily Crypto Calendar, March, 5th?
EthCC
EthCC 2019 (Ethereum Community Conference) is the second edition of a series of conferences and workshops dedicated to ETH.
Network upgrade at block 830,000, which is estimated to occur on March 6 at 00:00 UTC.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
The crypto are becoming more more unpredictable. Tbh, it is a good sign because it shows that the market has difficulties to go lower but also higher. We are in an indecision phase which occurs often before the start of the UP trend. Anyway, it is still early to talk about that now but we can see that the STEEM dropped due to the BTC drop. However, the market on the STEEM decided to make an immediate bounce from the MMA50 (mobile average line in purple). The important now is to stay upper than the support line at 0.39$.
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Prompt / Theme: 2 Parts Part 1: Do you like this type of giveaway, being asked to answer a question to enter? Part 2: What sort of prizes do you prefer? SBI, SM, other?
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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In this episode our guest David Ament, Economic Advisor to the President, discusses:
1) Why he believes Liberland will set an example for the future of government structures 2) The unique tax opportunities Liberland provides for entrepreneurs 3) His other businesses, including a unique transformational luxury resort in Costa Rica
The amount of available copper stored in the London Metal Exchange’s (LME) warehouse system fell to 21,600 tonnes last week, the lowest level since 2005.
The year 2005 marked the start of an extraordinary six-year rally that was only briefly interrupted by the Global Financial Crisis. The copper price more than tripled over the period, topping out early 2011 at $10,190 per tonne.
What are super-low LME stocks telling us this time around? Is the world really running short of copper to the point there are just over 20,000 tonnes left in LME warehouses? The answer is clearly no.
Few days back the price of steem ran up against resistance at the 40 cent area and what followed was a reversal candle leading to the worry that we were readying to sell off back into the range.
However, steem is in there fighting like a champ at the moment. It tried to selloff yesterday before rallying into the close. Now we are seeing a little red and I’m left wondering can the buyers continue to hold steady?
If so it will bode well for overall price action as shallow pullbacks on decreased volume is a bullish theme.
Looking at price in the
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Teladoc Health, Inc. provides telehealth services worldwide. It offers a portfolio of services and solutions covering 450 medical subspecialties, such as flu and upper respiratory infections, cancer, and congestive heart failure. The company provides its services through mobile devices, the Internet, video, and phone. It serves employers of Fortune 1000 companies, health plans, health systems, and other entities.
Teladoc allows patients to see a licensed doctor at
any time via a PC or mobile device, reducing the need to take time off from
work. With Teladoc handling an estimated two million visits in 2018, the
company still covers less than 1% of
