Well folks, we finally had it. A down week. This is the first down week of the year. We have been up 10 weeks in a row and finally pulled back. We just gave up the past two weeks of gains in 5 days which is not surprising. the first down week was going to be a hefty push lower because everyone who road the train from December 2018 are going to be taking profits on the trend break. The ultimate question is what is going to happen now?
I have covered much of my short that I put on because
Kroger is one of the largest supermarkets in the country, but now it’s in the process of being Amazoned.
Kroger has expanded its organic and natural food selections to better compete Whole Foods Market. And to their credit are investing in online grocery orders and grocery deliveries. In May of 2018, Kroger bought a 5% stake in British online retailer Ocado in exchange for an exclusive deal for its grocery service, which led a 58% increase in digital sales for the fourth quarter. It’s all part of Kroger’s plan to compete.
Restock Kroger initiative is a three year initiative to increase digital
In this episode our guest Marianna Sádecká, Representative of the Slovak Republic, discusses: 1) How she began her journey with Liberland by attending the same conferences as President Jedlička 2) How she is currently traveling to spread the word of Liberland 3) What specific type of business leader she believes will accelerate the growth of Liberland
On 4hr chart, divergence on price and stoch. kinda of trying very hard to climb up this 3880 resistance zone. Still waiting for the pullback to retest the bottom of the triangle. Even if it does push through very limited upside on 4000zone.
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 :
In the short-term BTC is channel bound within an ascending channel. It seems likely that this state of affairs will not continue for too much longer. I say that based on the length of similar channels in the recent past. I expect a sudden rise or dip before BTC forms a new channel with the same East-North-East price movement.
The chart below looks back about three weeks and shows how this East-North-East price movement has been prevalent in all major recent channels. It also shows how long the channel bound price movements remain intact
Enigma (Bittrex: ENGBTC) 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, Enigma began a wave one advance in December 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 December 2018. If this wave count is correct, Enigma should be heading next towards the January 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Enigma is building a privacy layer for the decentralized web. You can read their latest Twitter AMA below
Dollar Tree is the largest dollar chain with over 14, 000 stores. Dollar Tree has been successful to this point because of their perceived value. Essentially you pay for what you get and the items are sold in a smaller unit size. But they have done some clever things as well. They have kept the items they sell to a minimum, so they have a high inventory turns and stores do required a whole lot footprint and they sell a ton of private label items, which helps their margins.
To compete with the likes of Walmart, they purchased Family Dollar in
We are definitely trying to get back to SMTs as fast as possible. It’s not at all true that we are giving up on that project. The fact of the matter is that our work on MIRA is just more important now, and it’s not possible to know exactly how long that work will take. It could be a week, it could be a month, we just don’t know and aren’t willing to pretend we do. Once we’re done with MIRA, SMTs is high up on the to-do list.
Andrarchy comment earlier today.
My initial reaction…
But then i remembered that this was Steemit.inc and that they made me a wallet app. Wallet app ill probably never use, that looks the same as their built in whatever but with another font!
I can see it now.
Ned calling up a meeting, PowerPoint presentation ready, wearing his khaki pants, starting a discussion over picking Ariel or Times New Roman for the wallet app.
I cant get this damn projector remote to work Andrarchy! WE WILL DO IT LIVE, WE’LL DO IT LIIIIIIVE!
Will we ever actually see these mythical creatures called SMTs?
I say just hope for a overall market boost and that we manage to maintain inside top 40. Currently being 38th, i cant remember the last time we were this high.
Gaming cryptocurrency Enjin Coin (ENJ) is up 70 percent after news reports earlier today that confirmed a partnership with South Korean technology giant Samsung.
On Friday, media outlets in South Korea reported the partnership between Enjin, the Singapore-based company behind ENJ, and Samsung’s flagship smartphone S10, was confirmed, which ignited Korea’s investor base to jump in.
When reached out by CoinDesk for comment, Enjin provided confirmation regarding a partnership with Samsung Electronics, the specific entity behind the S10 flagship smartphone, but declined to reveal more details.
Fidelity Digital Assets (FDAS) will take its time about adding support for ethereum, the executive in charge of the new platform said.
The digital asset trading and custody branch of Fidelity Investments, which went live this quarter, has developed an internal framework for evaluating any cryptocurrencies that may be added in the future, according to FDAS president Tom Jessop.
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.”
Japan financial group Nomura has invested in Y Combinator-backed smart contract auditing startup Quantstamp.
U.S.-based Quantstamp announced Wednesday that it is setting up a subsidiary in Japan following a “significant” investment from Nomura Holdings and Tokyo-listed internet group Digital Garage.
Chuzaburo Yagi, senior managing director in charge of innovations at Nomura Holdings, said:
“As blockchain technology is adopted in the financial world, smart contracts will play an increasingly important role. Security assurances through auditing and certification will become increasingly indispensable.”
Exchange and social network for investors and traders eToro has launched its cryptocurrency trading services in the United States, according to a press release shared by the company with Cointelegraph on March 7.
The exchange, which — per the release — has over 10 million registered users, will start facilitating the trade of 13 unspecified crypto assets and release a cryptocurrency multisignature wallet to customers in 31 U.S. states and territories.
The wallet will support Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Stellar (XLM) and Ripple (XRP), and will enable users to send and receive the supported assets. According to the release, support for more cryptocurrencies will be added to the wallet in the future.
“Sponsored by Horizen, the privacy cryptocurrency for everyday use, this meetup is hosted in person by local ASFL hosts…”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
Yesterday, I was saying you that the 0.43$ resistance line was the line to break to continue the UP trend. Look how we broke it and how it triggered that nice UP Break Out. Except the symbolic resistance line at 0.50$, the next technical resistance line is now around 0.58$. Let’s see if we can reach that level quickly after a little consolidation which is in preparation now.
Please click the link to listen to the 29th episode of my weekly crypto podcast ‘Two Minute Crypto.’ These are intended to be short, single-topic ramblings on some aspect of the cryptosphere. Comments and critiques welcome.
Blockchain Will Not Only Shrink Government But Fundamentally Improve the Services It Delivers
Welcome to Two Minute Crypto, today I’d like to delve into one of the most positive consequences of blockchain and the coming age of crypto – the efficiencies it will bring to government services. We often hear that crypto will reduce the power of the state. I myself have spoken of this in a recent