Zcoin (Bittrex: XZCUSD) 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, Zcoin began a wave one advance in November 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 December 2018. If this wave count is correct, Zcoin should be heading next towards the December 2017 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Zcoin is an open-source privacy-focused cryptocurrency token that launched in September 2016. They announced yesterday that Zcoin is now spendable
A small short-term BTC price movement forecast – compliments of yours truly
From big to small:
The large converging triangle is still in play – this apex of this triangle lies in mid-July (solid white lines).BTC is still moving downwards after it’s last trip up above $4000. I expect a bounce around $3600 (solid yellow lines).Interim BTC movements are in a North-Easterly direction and are accordance with diagonal Fib levels.
Made by Bit Brain with TradingView
The bigger picture looks like this:
Made by Bit Brain with TradingView
In the short-term I expect a BTC movement something like this. Volume is dropping again so
Please click the link below to listen to the 30th 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.
Two Minute Crypto – I Like My Investment Charts Raw
Welcome to Two Minute Crypto – I like my investment charts raw and here’s why. When I’m making an investment decision with a long-term horizon, I strip the relevant charts back to the barest possible details. Price over time and volume. I’m addicted to volume – I admit it and miss it on
The top 20 cryptocurrencies by market cap are seeing mixed signals, with losses not exceeding 1.1 percent, while some coins have seen a growth of over 3 percent over 24 hours at press time.
Thailand’s securities regulator has approved the first initial coin offering (ICO) portal in the country, local daily news outlet the Bangkok Post reported on March 12.
The Thai Securities and Exchange Commission’s (SEC) board of directors has reportedly authorized the first ICO portal that allows to screen ICOs, perform due diligence, confirm smart contract source codes and conduct Know Your Customer (KYC) procedures. The operator of the ICO portal is reportedly a foreign entity.
The U.S. Securities and Exchange Commission’s chairman has seconded a colleague’s analysis that found the world’s second-largest cryptocurrency likely does not qualify as a security.
Last year, SEC Director of Corporation Finance William Hinman said during a speech that ethereum, the No. 2 coin by market cap, did not exhibit the properties of a security. At the time, he explained that he did not see a central group as being responsible for the cryptocurrency.
Congressman Ted Budd – with industry advocacy group Coin Center – asked for clarification on whether SEC Chairman Jay Clayton agreed with Hinman’s remarks. The regulator has now responded by saying he agrees “that the analysis of whether a digital asset is offered or sold as a security is not static and does not strictly inhere to the instrument.”
IBM is coming to the crypto custody space. Later this month, Shuttle Holdings, a New York investment firm, will launch the beta version of a custody solution for digital assets built on IBM’s private cloud and encryption technologies. The companies won’t be storing cryptocurrencies and tokens themselves, but offering tools for others to do so.
Potential users include banks, brokers, custodians, funds, family offices and high net worth investors who want to do self-custody, as well as exchanges, Brad Chun, Shuttle’s chief investment officer, told CoinDesk.
The Telegram token (gram) has started trading as a perpetual contract on London-based Xena Exchange. On Mar. 12, the crypto exchange launched a derivative contract for grams, with up to 100x leverage. The Xena-listed perpetual contracts are publicly tradable and are intended to provide liquidity for the gram token ahead of its release later this year.
#SXSW2019 Blockchain & Music hosted by Phu Styles & VEZT at The Blockchain House in Austin, TX from 11:30 AM – 1:00 PM (CDT).
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
Yesterday, I was saying you that we must have a bounce from the support line in blue and hopefully it happened. We are now going in direction of the previous Top around 0.56$. This is the next objective to reach in order to start again to do new highs. The STEEM is in a UP trend the last weeks and even if it is normal to have some corrections, it looks like the market is much more positive than back. Enjoy !
Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in the Greater Southeast Asia. The company operates through three segments: Digital Entertainment, E-commerce and Digital Financial services. Its digital entertainment platform provides users to access mobile and PC online games, and eSports operations and live streaming of online game play and social features.
Several weeks ago, Sea Limited reported a fourth-quarter 2018 loss of $0.81 / share, but the stock jumped because the results were better than anticipated. I think the highlight of the earnings call was revenues surged 136.6% year over year to $389.3 million. In