Following the last movements of BITCOIN on which we are
currently experimenting a drop on the price, we can see some signs of
“exhaustion” in the rise of some of the major altcoins that have led the
rise lately.
This is the case of LITECOIN and BINANCE Coin.
On LITECOIN:
we can be very satisfied of its performance, it has completed 5 waves, forming a promising 1st one in black. The price has grown constantly from 24 to 64 USD in the last 3 months but, unfortunately, the RSI seems to indicate a clear DIVERGENCE on the rise of the last three Highs…
Looking at the weekly chart, we can see 3 major areas of resistance price is currently hitting. The first is a major descending resistance line that’s been in place since April of 2018. The second is the top of the wedge (possible bear flag) price is consolidating within now. The third and last is the area of resistance between $4,000 and $4,120 I’ve been discussing over the past couple months.
Zooming in on the weekly chart reveals last weeks candle closed as a doji. This is a neutral candle and suggests an epic battle between bulls and bears to either break
On 4hr chart, made lower lows, stoch oscillating for more room downside. Likely to break 3900. Possible mini IHS with 3950 neckline, downside tgt to test 3870 support zone.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :117
Total marketcap :139
Dominance :50.8
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :
The ASX (Australian Stock Exchange Limited) was formed in 1987, is the largest exchange in Australia and is one of the top exchanges in the world with a market capitalization of about 1.2 trillion US dollars. Some of the companies traded on the ASX include, Qantas Airways, Rio Tinto and the Westfield Corporation.
The S&P/ASX 200 is an index that benchmark’s the ASX. It is based on the 200 largest ASX listed stocks, but Standard and Poors usually balance the index every quarter
The big four banks, the major miners and the energy sector have all dragged Australian shares lower,
Bitshares has been up as much as 30+% today on some MASSIVE Volume. I have been a big proponent of graphene based blockchains because the ability to scale and how quickly they can move transactions and confirmations. Currently bitsahres is trading over $0.063 and one of the biggest movers on coinmarketcap.
Does anyone know the reason for this spike? Was their news…or are people just getting smarter?
Granted the level is 20% from where it was a few hours ago, you now have a MASSIVE level to hold long against.
As someone that used to follow the gaming scene i found the news on Google entering the “gaming platform” industry very interesting. When i say its entering the gaming console industry i dont mean that they are creating their own console, but rather disrupting the current state of things.
So what is Google Stadia?
Google Stadia is a cloud based gaming platform that eliminates the need for expensive hardware and will allow anyone to play any game in 4k, at 60 FPS.
Simply put, all you will need to have to play any game of your choice is a controller or a mouse and a screen.
The way it works is through the power of the internet and Google unlimited resources. The games arent played locally but are rather streamed to your screen of choice. The only thing you need is a strong internet connection which could be a problem for some. There is no pricing set at this time but i could see GOOGLE Stadia turning into a NETFLIX of games.
Sure, Google Stadia does sound corporate but the value it would bring to the consumer is immense. I have no doubt that Google can pull this off, the only question that remains is how they will do things from the profit sharing side. There is a difference between movies and games in how they are consumed by end users. There is also a price difference, that is a significant one, between a movie ticket and a AAA game.
I dont know what will happen in the future, but if Google Stadia manages to get enough games on their platform and they manage to work out the profit distribution, we might be seeing Playstation, Xbox, High end gaming PCs going the way of the Dodo.
You dont need a 1000 USD graphics card when you can play AAA games on your microwave.
The Dow Jones Industrial Average DJIA rose 181 points on Friday, making it the ninth straight weekly gain for the Dow and the first time since 1964 that the DOW rose in the first 8 weeks of a calendar year.
This recovery since the Christmas lows is primarily due to Fed Powell succumbing to the Markets demands and putting its interest-rate policy on hold.
Two weeks ago I posted,
Party Like It’s 1964 – Part 2
Now price find itself right above the 200 simple moving average. In addition, the 50 simple moving average is starting to
SpaceChain (Bittrex: SPCBTC) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, SpaceChain began a wave one advance on January 14. The red wave one finished on January 30, and the red wave two correction ended on February 13. The red wave three advance finished on February 26, and the red wave four correction ended on March 22. If this wave count is correct, SpaceChain should be heading next towards the February 26 peak in the red wave five.
A week ago I spoke about holding off my March BTC buy a little longer. So far this looks like a bad decision on my part (and is why one should always DYOR and never follow someone’s suggestions blindly – even when that someone is me!). I suggested this BTC price movement (seen below) – which has not happened. The false peak of late February caught me out and threw my analysis.
Fortunately I knew that I may be making a mistake at the time (so I wasn’t completely wrong) – and planned a contingency analysis scenario. In that same post I also published this
Hats off to the lucky ones, the crypto investors who bought <abbr title="
A type of cryptocurrency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. This term may also be used to reference either the network, protocol, or actual cryptocurrency.
“>bitcoin before market prices began to slide in January 2018. Many did nicely, converted some of their holdings to <abbr title="
Government approved currency (dollars, euros, etc.) that isn’t backed by a physical commodity (gold or another commodity).
“>fiat, and retained a sizable pile as a long-term bet.
Now what? How about earning an attractive interest rate on a small portion of those holdings by converting it into fiat and lending it out on a short-term basis to crypto holders who are underwater? Sure, there’d be taxes to pay on what is technically a securities <abbr title="
A transaction is a particular action that takes place on the blockchain. In a currency, the dominant transaction type is sending currency units or tokens to someone else; in other systems actions like registering domain names, making and fulfilling trade offers and activating contracts are also valid transaction types.
“>transaction. But what if the interest received is lucrative enough to put that concern aside?
There are a number of crypto lending sites that stand ready to help. Most of those we reviewed charge borrowers interest in the 12-to-22 percent range. The implication is that the borrower is better off with them than a credit card cash advance, which could cost 25 percent or more on an annualized basis. The pitch may also appeal to an individual lender who disdains short-term crypto trading and believes their digital assets will pay off over a long-term investment horizon.
Singapore government-backed blockchain accelerator Tribe has gained BMW and Intel as two major strategic partners, local English-language technology news outlet Tech In Asia reported on March 22.
Tribe, which began operations late last year, is the brainchild of Tri5 Ventures, a venture capital firm aiming to support later-stage startups.
Existing partners of the scheme include PwC and South Korean blockchain network Icon Foundation.
Jesse Edwards, one of the co-founders of R3, has left the enterprise blockchain company, CoinDesk has learned.
Edwards, a former Sandler O’Neill investment banker, helped found R3 back in 2014 with CEO David Rutter and ex–Standard Chartered executive Todd McDonald.
In a statement provided by R3 to CoinDesk, Edwards said:
“It’s true that my work here is done and it is time to move on. This has been one of the best experiences of my professional career, and I am incredibly privileged to have worked alongside such a talented and passionate team in building this business. R3 has broken away as the market leader and standout partner of choice for professionals looking to apply this technology to their industries. I couldn’t be prouder.”
In the good old days when bitcoin was the only “cryptocurrency” around, life was much simpler. Then, a few other “currencies” came along, followed by ICOs and things rapidly got much more complex.
Somewhere along the line, folks started paying as much or more attention to the technology underlying bitcoin as to bitcoin itself. Distributed ledger technology (DLT) or the “blockchain” suddenly became household words (well, with slight exaggeration…).
In the roaring months of 2017, crypto pundits, analysts and funds developed various taxonomies of the rapidly diversifying crypto space: exchange tokens, utility tokens, payment tokens, asset-backed tokens, etc. (My personal favorite was Tetras Capital’s, but there were many.)
On March 23, the Twitter handle @Bitcoin became mired in controversy after BTC supporters complained about the account and attempted to get the profile shut down. The operator of the Bitcoin Twitter profile has also accused the social media platform of manipulating matters by placing restrictions on the account and limiting its overall traffic.
The owner of the Twitter handle @Bitcoin believes the account is being restricted for being critical toward the Bitcoin Core (BTC) network and the Lightning Network (LN). Over the last few weeks, several BTC supporters have advocated having the account suspended or reassigned to a group of core developers.
“We are delighted to announce that the Incorporations Marketplace will launch on the 25th of March”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
Today, we saw the start of a nice UP on the STEEM, we even broke the resistance line during some hours but unfortunately, the BTC starts to drop and it stopped this nice move. We are now back just under the resistance line and the market is waiting to see in which direction the BTC will go.
