On 4hr chart, still doing it’s narrow range consolidation. Making lower lows, lower highs. Limited upside towards the big triangle top resistance around 4000 zone. Unlikely to break thru, maybe fake wicks outside. Weekly still manage to close off green but stoch and price looking heavy for turn.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :121
Total marketcap :134
Dominance :51.4
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :
Ever since i started branching out a bit towards Reddit and Twitter i got a chance to familiarize myself a bit more with folks that support other cryptocurrencies. The first thing you notice is that people arent only invested in their crypto financially, but emotionally as well. Which you could say is expected.
And as we all know, when you mix emotion and money things can get nuclear (not pronounced “nukilar”) very fast. I mean all you need to do is take a look at industry leaders like Vitalik Buterin, Justin Sun, even Dan Larimer and the FUD they spread about each others projects. What can you expect then from the regular Reddit/Twitter/Medium commenter?
Yeah…. Massive shillings and fuding of other projects they arent invested in. This is exactly why i say that crypto markets are stupid. Because folks can be so emotionally invested and attached to a project that they cant let go even if holding that token is objectively a really bad idea.
Ive even seen organized groups that are knowingly targeting competing projects and spreading lies and misinformation about them under the mantra:
They will do it to us if we dont do it to them.
Preemptive strike of sorts.
The thing about those kinds of campaigns is that they can often work, especially when a project with serious flaws (many of them) is targeted. Or a project with already diminished reputation. I cant say i support that kind of behavior when the motives are malicious and the information that is being spread are blatant lies….. but….. Because i believe that all cryptocurrencies are
1. In competition together against the current monetary establishment. 2. In competition with each other.
And because both is true, the only way to win the “BIG FIGHT” (monetary independence and freedom from governmental control) is to clear our ranks, lift up projects of worth and shoot down projects with no future.
What i mean is that if it helps us and if its justified, reaching for the name of our competition that based on objective parameters does not belong in the spot in MC they are right now, is i think fine. Not only is it fine, but it should be encouraged since such action leads to a healthier overall ecosystem.
I know it might not be “nice” but when youre in the wild west, you are either the guy that carries the gun or youre the guy the others make to dance.
So go out there and spread some FUD! hahaha Do it for STEEM and the good of Crypto!
Markets are hard, no one truthfully will ever deny that. Bottom line is that you have to have a process and you have to stick with it. After nailing the low, for now it is safe to say that the bulls are back. I was guessing that the bears would put up a little more of a fight than they did but they can’t keep the market down for longer than 48 hours it seems.
After yesterday’s monster rip to the upside we now have a pivot (2 actually). The recent Friday Low, and the 200 day MA. As long
On Sunday, an Ethiopian Airlines crashed killing 149 passengers and eight crew members on board shortly after takeoff. When the US markets opened Monday morning, Boeing stock gapped down 11% and fell as much as 13.5% to $365.55 shortly after market open.
Ethiopia, China and Indonesia, Caribbean carrier Cayman Airways, Comair in South Africa and Royal Air Maroc in Morocco temporarily grounded their Boeing MAX 8s as a precautionary measure.
The incident was the second deadly crash of the new Boeing planes in less than five months. A Lion Air Boeing 737 MAX 8 plunged into the Java Sea shortly after taking
Prompt / Theme: What motivated you to get out of bed today? Watch the sunrise? Get your children ready for school? For me it was to cook breakfast and get ready for work on time.
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Groestlcoin (Bittrex: GRSUSD) has broken out of the wedge pattern in the weekly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Groestlcoin began a wave one advance in August 2015. 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 February this year. If this wave count is correct, Groestlcoin should be heading next towards the December 2017 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Groestlcoin is a fast and secure coin with almost zero fees, that is privacy oriented. KnockoutCrypto covered the latest
Facebook’s own cryptocurrency, if launched, could potentially generate $19 billion in additional revenue by 2021, CNBC reports on March 11.
Barclays internet analyst Ross Sandler wrote in a client note that a cryptocurrency could establish a new revenue stream for Facebook, aiding its share price that tanked amid a series of high-profile scandals last year.
In his forecast, Sandler pointed out that the crypto-based revenue option is something “sorely needed at this stage of the company’s narrative,” stressing that any advertising-free revenue streams are likely to be well-perceived by Facebook’s shareholders. Sandler said that his more conservative revenue estimate for the new coin is $3 billion.
Independent investment management firm Invesco has partnered with digital asset investment firm Elwood Asset Management to launch a <abbr title="
A record or ledger of all transactions that virtually eliminates third-party tampering. While every exchange of value or data is recorded and visible to users, the identities of those exchanging, and what the money is being exchanged for, is kept private. However, the amount of money is public. New blocks can only be added in chronological order (through mining or other means of block validation), and the inherent value and information cannot be compromised.
“>blockchain exchange-traded fund (ETF) on the London Stock Exchange. The goal of the ETF is to invest in constituents of the Elwood Blockchain Global Equity Index and, in this way, contribute to the performance of the index as a whole.
The ETF, dubbed the Invesco Elwood Global Blockchain UCITS ETF, was first listed on the London Stock exchange on Friday, March 8, and, according to an article in the Financial Times, started trading today, March 11. The blockchain ETF is issuing 500,000 shares with a net asset value of $20 million, meaning individual shares are valued at $40. (They carry an annual management fee of 0.65 percent.)
The U.S. Securities and Exchange Commission (SEC) is going on tour in hopes of meeting with crypto entrepreneurs who otherwise might not engage with the regulator.
FinHub, the SEC’s branch dedicated to interacting with tech startups, posted a notice last week that it would be visiting major U.S. cities, allowing individuals or teams to set up face-to-face meetings with agency staffers to ask questions or provide feedback about issuing tokens or other issues under the regulator’s purview.
Retail giant Overstock.com, Inc.’s blockchain subsidiary, Medici Ventures, has acquired a stake in blockchain banking platform Bankorus, according to a press release published on March 11.
Medici Ventures has purchased a 5.1 percent stake in Bankorus, a blockchain banking platform that enables both individuals and institutions to buy, sell, lend and store digital assets. Jonathan Johnson, president of Medici Ventures, said that “the addition of Bankorus to Medici Ventures’ portfolio of companies will further our work in building the foundation of a blockchain-based technology stack for society.” The financial details of the acquisition were not forthcoming.
Preperation for Governance and Guardian Masternodes.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
After the big UP on the STEEM yesterday and the current correction on the BTC, STEEM is doing also a consolidation. Till now, there is no drama as we could even touch the support line in blue without damaging the current UP trend. So A touch on that line is possible and even usual but we must have a bounce from it if it happens. Let’s see what will be the reaction if we touch it.
There are a couple of things I like about this trade set-up.
Price is within weekly and daily zones. In addition, price formed a “M” pattern on the daily chart.
NOTE: a “M” pattern is just a double top signaling a trend reversal pattern.
Thus, I was looking for a pull back before the continuation down. I wasn’t in love with the zone, even drilled down to a 1 hr chart to evaluate the zone. But I took the trade based on all the other factors discussed.
All Eyes This Weekend On…..Soybean Prices – Part 2
But China counter at the beginning of the trade war last year was to reduce dependence on American soybeans.
However, China doesn’t have the means to increase their domestic production of Soybeans and had to result to South America. South American filled in the balance momentarily, but they couldn’t keep up with China’s appetite. Regardless of whether the resumed purchase of soybeans was part of the negotiation or China’s relentless appetite for soybeans, it’s a win for American farmers.
Whenever there is panic it is very hard to push out the noise. There is one thing that you should learn to control, and that is your emotions. With the unfortunate Ehtiopian Plane crash over the weekend, the markets came in and saw the entire airline industry gapping down, BIG. $BA gapped down over FIFTY Points! (12%) I am sure MANY average joes and possibly long term holders from very low levels sold at the open. Then what happened?…
That one day crash was bought, MASSIVELY. You got a gap down that trended up all day, and in the beginning I
