This past Saturday, Trump spoke at the Conservative Political Action Conference in National Harbor, Maryland. One of the topics of discussion was the US dollar. Trump hinted at wanting a weaker US dollar. I say hinted because he said he wants a strong dollar, but not at the sacrifice of US business being hurt when doing business abroad.
I recently read an article on FXStreet.com about the US dollar and one of their analysts had the following to say:
We view that the greenback is likely to stay strong due to stronger US treasury yields and weaker global yields. I.e. the dollar
On February 17th, Bitcoin had a nice bounce late in the day (early Feb 18th for some). It was nothing to get overly excited about at the time. We’ve seen jumps in price here and there over this 14 month bear market. What has been exciting is the increase in volume since that spike. Daily volume has not dropped below $7 billion since February 17th. This is the first time we’ve seen over 2 weeks of daily volume CONSISTENTLY above $7 billion in almost a year.
Bitcoin is currently trading above the $3,800 support (Coinbase) at around $3,870. We’ve seen a
BEFORE RESUMING THE SECULAR UPTREND THAT HAS BEGAN.
I have been saying that the multi generational bottom in rates are in since mid 2016. We have had 3 massive inflation waves causing yields to rip to new highs since that time. On the last run up I said that we are about to have a major growth slowing affect on rates and would fall below 2.70 (Mind you this was at 3.10). This massive rug pull in the bond market since Q4 of last year is headed lower to make another low.
I have already ran out of popcorn, but I got another bag in the microwave popping
because the GE drama continues. It was just yesterday I talked about more bearish unusual options activity,
Unusual Options Activity In GE – Part II
General Electric (GE) shares tumbled after the company said it sees “significant known headwinds to 2019 cash flow” for its industrial division, which was more negative than previous reported. The industrial free cash flow will now be in negative for 2019.
Today I noticed even more unusual bearish options activity. These options are even more aggressive than previously reported five days ago
On 4hr chart, resistance at 3870 zone holding well. On hourly, divergence on price and stoch. Likely to pullback at least for breather. More likely to retest low 3700 support zone and even lower.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
Network Value to Transactions Ratio :116
Total marketcap :133
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :
The Children’s Place, Inc. operates as a children’s specialty apparel retailer and sells apparel, accessories, footwear, and other items for children; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children’s Place, Place, and Baby Place brand names.
On Monday, Children’s Place announced earnings and got spanked. They reported fourth-quarter earnings and sales, and provided full-year guidance that missed expectations.
The miss was directly due to the Gymboree bankruptcy. In January Gymboree Group Inc. which also sells children apparel filed for bankruptcy protection for the second time in less than two years and plans to shut all it 380
Einsteinium (Bittrex: EMC2USD) 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, Einsteinium began a wave one advance in January 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in December 2017, and the red wave two (blue sub-waves a-b-c) correction ended in February this year. If this wave count is correct, Einsteinium should be heading next towards the December 2017 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Einsteinium runs on the Proof-Of-Work scrypt algorithm. The next block reward halving will happen in 15 days.
You guys must have noticed that lately folks have started quite a few twitter campaigns. Latest one was Aggroed calling on folks to vote for a guy to get a Steem Monsters tattoo. (SM won, btw lol) And even newer campaign was started by Runicar with basically tweeting Coinbase to list STEEM.
Problem is that Coinbase has already shown that it has absolutely no intention of listing STEEM a few months ago when it made its shortlist of 30 something coins and STEEM wasnt on that shortlist. They basically dont care about mainstream adoption or tech value or tech potential, all of which STEEM scores very high.
Theres something going on there. Either they are corrupt, easily bought or they have an agenda. Maybe even direct investment in a coin. Who can say? Considering that almost all exchanges are shady as hell (according to blockchain transparency institute), its almost a prerequisite for them to even be called exchanges.
Which is why knowing that STEEM has really no chance at getting a listing i decided to do a few different tweets for fun. lol Might as well share them.
Christopher Giancarlo, chairman of the United States Commodity Futures Trading Commission (СFTC), has said that blockchain would have transformed regulators’ real-time responses to the the 2008 global financial crash, if it had been in use at the time. Giancarlo made his remarks during the 4th Annual DC Blockchain Summit in Washington D.C. on March 6.
In his speech, Giancarlo drew on his personal experience as executive vice president at brokerage giant GFI Group — which, in 2008, as he noted, operated one of the world’s largest trading platforms for credit default swaps (CDS), “then the epicenter of systemic risk.” He recalled the panic and disorder on the GFI broker floor, as the global credit crisis cascaded out of control:
“I remember a call from a U.S. bank regulator asking about CDS trading exposure of several major banks, including Lehman Brothers. In fact, trading conditions were deteriorating by the hour. It was clear that the regulator had little means, short of telephone calls, to read all the danger signals that the CDS markets were broadcasting.”
Binance Coin (BNB), the crypto asset that can be exchanged for transaction fees on the Binance exchange, is up more than 140 percent year to date and is now deviating from bitcoin’s price trend – a feat not commonly observed in the nascent crypto markets.
While the reasons that most cryptocurrencies are highly correlated to bitcoin are not definitive, studies have shown this dependency on bitcoin’s trend has only grown stronger with time. Yet, BNB is proving different.
Brad Garlinghouse, the CEO of San Francisco blockchain startup Ripple, gave JP Morgan Chase qualified praise Wednesday for creating its own stablecoin, before dismissing the product’s likelihood of adoption by other banks and questioning its usefulness.
During a fireside chat at the Chamber of Digital Commerce’s D.C. Blockchain Summit in Washington, Garlinghouse said he thinks it’s “great” to have major financial players like JP Morgan “leaning in.”
But, he quickly added:
“That’s the only nice thing I’m going to say about this.”
Switzerland‘s principal stock exchange, SIX Swiss Exchange, has chosen to use blockchain consortium R3’s Corda Enterprise platform for its forthcoming blockchain-powered digital exchange. The news was revealed during the R3-hosted Corda Day event in Singapore on March 6.
The SIX Swiss Exchange sees roughly 4.62 billion Swiss Francs (CHF) (~$4.6 billion) in daily turnover, and has a market capitalization of over 1.67 trillion CHF ~($1.6 trillion). As Cointelegraph reported in July 2018, SIX previously unveiled its plans to launch a digital asset ecosystem, dubbed Six Digital Exchange (SDX).
On March 5, financial messaging service SWIFT announced the launch of a <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 e-voting proof of concept (PoC). Participants in the PoC experiment include the Singapore Exchange (SGX), Deutsche Bank, Standard Chartered Bank, DBS Bank, and HSBC Bank.
SWIFT, in conjunction with software securities firm SLIB, will conduct the trial during the first half of this year in the Asia-Pacific region. The experiment will determine whether blockchain technology can “simplify the currently inefficient management of shareholder meetings and the associated voting processes…” According to SWIFT, its paper-based voting process takes an inordinate amount of time and resources, is too complex, and often leads to errors, particularly when it comes to proxy voting.
“Once the countdown ends, everyone will be able to buy their PolisPay card. We will also reveal the PolisPay roadmap, and have a Q&A …”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
The UP continued today and we are more and more close of the previous TOP. I traced for you a new resistance line in blue which has been created by the 2 previous TOP. As I explained you yesterday, this line has to be broken to start really a new UP trend on the STEEM. Let’s see if we will be able to break it soon, a UP Break Out on the BTC would for sure help us to break that line. As always, we have to wait the master.