Crypto Contest March 15: Lisk

Lisk (Bittrex: LSKUSD) 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, Lisk began a wave one advance in October 2016. 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, Lisk should be heading next towards the January 2018 peak in the red wave three.

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

Funnymentals

Lisk will make it easy for developers to build and deploy decentralized applications in JavaScript. You can view their

Is That Massive Potential ROI I See Before Me?

Binance (BNB)

My my, that’s a pretty chart. The fundamentals are looking great for Binance. However, I’m not a heavy buyer at these elevated levels.

https://www.tradingview.com/x/oyqaUNRY/

https://www.tradingview.com/x/JU924OVJ/

We can clearly see that BNB has been on an uptrend for months. Who knows it may continue to do so but price likes to return to ‘the mean’. Even if Binance goes from strength to strength a correction in price is very likely.

Having said that, the potential for BNB to explode has caused me to re-evaluate my original thesis. I bought a fifth of my investment position at market.

Is it possible I’ll miss most of

Stellar…Now On Coinbase Pro

On Wednesday, Coinbase Pro announced it was accepting deposits of Stellar, with trading support coming shortly thereafter. 

The Stellar is the latest cryptocurrency to be listed on Coinbase’s pro.  The other recent addition was Ripple several weeks ago.

Ripple Now On Coinbase

The price of Stella has increased 30% in recent days with the Coinbase Pro’s announcement adding an additional pop in price. 

Stellar was started by Ripple co-founder Jed McCaleb.  Jed left Ripple holding 9 billion XRP, sold his holdings and donated some to charity. Prior to co-founding Stellar, Jeb is known for creating the bitcoin exchange Mt. Gox and the

You have to ask the question, Did $BA just blow off?

Calling top are one of the hardest market things to do. 90% of people get them wrong over and over again calling The Top, but i question this…did BA just top. I’m talking top for a very long time? No one thinks it can happen. You saw the buying in this dip the past couple days. Can it happen? Let’s take a look…

Yes, it 100% can happen. What does this look like? It looks like a bubble. It’s the same chart that all the crypto haters saw in December of 2018. You know when they called crypto trash? Well BA