Fed Powell spoke on Weds as part of the two day Federal Open Market Committee meeting ended and downgraded the economic growth forecasts from a GDP of 2.3% to 2.1%. The committee reiterated a patient stance, while keeping interest rates unchanged. The Fed now sees no rate hikes in 2019, while leaving one rate hike in 2020. This is a stark difference just from six months ago.
Source
The Markets digested the tone as unexpectedly dovish. While bonds rallied, the 10-year Treasury note yield fell 7.7 basis points to 2.537%, its lowest since Jan. 2018 and the 30-year bond yield fell 5.2
Some time ago (Just before Christmas 2018) I wrote a three part series titled: “To CAPITULATE or NOT to CAPITULATE? That is the question”. Part 2 of that series “The Answer” was dedicated entirely to an argument against (further) capitulation and was based on only one thing: the 200 MA.
I suggest reading The Answer before reading this post, because it lays the groundwork for this post and provides a few insights which I will not be repeating. You can find it here: https://mentormarket.io/bitbrain/to-capitulate-or-not-to-capitulate-that-is-the-question-part-2-the-answer/
For those who may be interested in further reading, the rest of that series may be found here:-
Part 1: https://mentormarket.io/bitbrain/to-capitulate-or-not-to-capitulate-that-is-the-question-part-1-the-question/Part 3: https://mentormarket.io/bitbrain/to-capitulate-or-not-to-capitulate-that-is-the-question-part-2b-the-rest-of-the-answer/
The Bank of Canada was expecting after three years of raising interest rates, that a strong economy at the time would lead to inflation. That didn’t happen and what exists today is a Canadian economy that is slowing. All you have to do is look at the Canadian housing market. What was once too hot to touch is starting to melt down. Despite renewed interests in buying oil, many analysts think the Canadian dollar is headed lower.
The Canadian dollar may sink back to its record low of 62 U.S. cents as the country retrenches from a consumer-spending boom into the
I have been on twitter for multiple years now and I have been a huge fan. The runup after the IPO was destined to get sold off just like 90% of the IPO runups do. Now what happens is what really matters. TWTR is ran by Jack Dorsey who runs SQ, who is a huge fan of cryptocurrency and bitcoin (So I like him). But seriously, he runs both companies. He is a guy you bet ON, not AGAINST. Trump on Twitter is HUGE for Twitter. I only expect their numbers to do better over the next couple years.
Alzheimer’s disease is a progressive and irreversible brain disorder that is characterized by a steady decline in cognitive, behavioral and physical abilities severe enough to interfere with everyday life and necessitate full time care.Individuals with Alzheimer’s disease may have trouble finding the right words to use, recognizing objects (such as a pencil), recognizing family and friends, and may become frustrated, irritable, and agitated. As the disease progresses, physical problems may include loss of strength and balance, and diminishing bladder and bowel control.As more and more of the brain is affected, areas that control basic life functions, like swallowing and breathing,
Indeed it came back into the triangle after tiny wick up. Still feel sense of denial, probably still gonna cling on this triangle resistance top awhile. Would be good for it to take some breather space around 3870 zone and do its mini descending triangle consolidation. As total marketcap increase and btc dominance up, money flowing into altcoin as we can see some of them rallying up after candle test and push thru 200 day MA. Can this momentum bring btc up along ? as of now it still look heavy on btc.
News: (Current) | (Upcoming)
Short term moving average (day
Bytom (Huobi: BTMETH) 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, Bytom began a wave one advance in January 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in April 2018, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, Bytom should be heading next towards the April 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
The Bytom blockchain project was launched to develop a protocol that could tokenize assets from the physical world and represent
Switzerland’s Federal Assembly, the federal legislature of the Swiss parliament, approved a motion on March 20 instructing the Swiss Federal Council, which serves as the country’s collective executive head of government, to begin adjusting existing legislation to apply to <abbr title="
A digital store of monetary value the primary use of which is for buying and selling goods, services, or property, such as Ether or bitcoin. Cryptocurrencies are cryptographically secured against counterfeit and often are not issued or controlled by any centralized authority.
“>cryptocurrency regulation. According to the press release, the Federal Council will now be responsible for “adapt[ing] the provisions on procedural instruments of the judicial and administrative authorities so that they can also be applied to cryptocurrencies.”
Introduced by assemblyman Giovanni Merlini, the approved motion is meant to help the Swiss government “close gaps in protection against abuse” of cryptocurrencies, which Merlini says favors “extortion and money laundering.” Specifically, Merlini hopes that, by adapting the existing laws, a clarification will be made regarding cryptocurrency trading platforms and whether they should be subject to regulation by the Financial Market Supervisory Authority (FINMA), Switzerland’s financial regulator.
Ethereum (ETH) co-founder Vitalik Buterin says that high ether prices are important both for network security and the wider ecosystem’s development. Buterin made his remarks during an interview for Laura Shin’s crypto-focused “Unchained,” hosted at the Columbia Graduate School of Journalism and live-streamed on March 20.
In response to Shin’s question as to whether protocol designers and project leaders should be focusing on the question of a cryptocurrency’s price, Buterin referred to the “earlier rhetoric” of the Ethereum project, which had explicitly downplayed the importance of the asset’s value:
“In part, it was counter-signaling to distinguish ourselves [Ethereum] from other crypto projects that do pumping and lambo-ing way too much. But it was also about minimizing legal risk by basically trying to make the project seem more distant from something that would be covered by financial regulation.”
Bitmain is planning to deploy 200,000 units of its own mining equipment in China to take advantage of cheap hydroelectric power this summer.
The equipment is conservatively estimated to cost $80 million, but it may be more profitable right now for Bitmain to mine crypto itself than try to sell all this inventory.
The move signals a broader shift in the market, with miners preparing to invest again following last year’s contraction in capacity.
Americanprediction market startup and hedge fund Numerai (NMR) has raised $11 million in an initial coin offering (ICO) to launch its project Erasure, Numerai tweeted on March 21.
Introduced in late 2016, Numeraire network provides a blockchain and cryptographic token-based ecosystem for incentivizing anonymous data scientists to create predictive models. Based on the Ethereum (ETH) blockchain, Numeraire tokens are used in trading market predictions on the startup’s platform.
Numerai founder Richard Craib said that the funds from the recent ICO will be mostly spent on hiring engineers for Erasure, the decentralized unit of Numerai’s marketplace, Coindesk reports.
The race to file blockchain patents has accelerated lately with one specific firm, Nchain Holdings, attempting to capture hundreds of distributed ledger-related patents. According to reports, self-proclaimed Satoshi – Craig Wright – and his Nchain business claim to have filed 666 patent applications to date, capturing a gigantic portfolio of intellectual property.
The notorious Craig Wright, a man who claims to be Satoshi Nakamoto, is continuing his effort to obtain hundreds of cryptocurrency and blockchain-related patents. Wright is the chief scientist of Nchain but is best known for his attempts to prove he created Bitcoin over a decade ago.
“DDX/BTC trading pairs will be available at 16:00 on March 22nd, 2019(UTC+8).”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
The BTC did a correction today and unfortunatly, the STEEM followed the master. The support line around 0.49$ didn’t hold us. We have now to see if we will go back test again that resistance line at 0.49$ or if the break will be confirmed and that we will go now in the direction of the next support line around 0.43$.
Every so often I like to go back and check on one of the most important aspects and one thing I believe truly matters with cryptocurrency and blockchain IMO, and that is speed. You can measure this with the amount of transaction over a running 24 hour period at blocktivity.info. This is why I believe that graphene chains are so important. Take a look at these speed numbers and how far BEHIND Bitcoin and Ethereum is with SCALING.
You can clearly see why I am a huge EOS guy. (Steem as well and WLS but that is for another day). The
GrubHub (NYSE:GRUB) is the world’s leading online and mobile food ordering company, currently partnering with over 80,000 restaurants in 1,600 U.S. cities. Despite competition from the likes of Uber, DoorDash, Postmates, Square and Amazon, GrubHub still controls 34%% of the U.S. food delivery market.Grubhub, no longer has its first to mover competitive edge. In order to stay ahead of the competition, Grubhub will have to continue to grow in other cities and their marketing expense are going to have to grow as well, which will increase their customer acquisition costs.
