BITCOIN: “Don’t say “wheat” until it is in the bag and well tied”

…or as we say in Catalan Language: “no diguis blat fins que no sigui tot al sac i ben lligat” which means that despite the extraordinary rise of BITCOIN today, which as I wrote yesterday as a first option to happen in this post , we still cannot say the reversal is confirmed yet.

This is the chart I presented as an option 1 yesterday:

And this is how it looks today:

That long daily candle has crossed the 200
DMA and almost has reached the 1.618 FIBO level of the fist wave for the
end of the 2nd wave, which it is

Bitcoin – What’s happening?

I’m glad I got yesterday’s post published in time. Though (as always) it was my “Scenario B” that happened to play out, at least my readers can’t say that they weren’t warned about the breakout.

Recap and update of yesterday’s post:

A quick recap of what I said about the breakout scenario (before it happened) yesterday – with comments on each statement now that the breakout has occurred:

After a general climb of nearly eight weeks, Bitcoin has finally reached the “GO / NO GO” point.A “GO” situation means that BTC will break free from the current pattern – a converging triangle – and

Restoration Hardware Needs Some Resuscitation

The 10-year note hit its lowest level since late 2017 in recent days. Lower mortgage rates have given the housing market a boost, but the macro view is still showing signs of bearishness. For example, February’s housing starts dropped a more-than-expected 9% and home price growth slowed in January to the slowest pace in 6 1/2 years…which brings me to the post at hand.

Source

Restoration Hardware (RH), together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bath ware, décor, outdoor and garden, tableware, and child and

Bitcoin Technical Analysis: BREAKOUT…BE CAREFUL

In my last update, I told you bitcoin had reached a decision point. It was pushed up against 3 areas of major resistance with a fair amount of volume. A breakout was clear, it was only a matter of direction.

Earlier today, bitcoin finally broke above the $4,120 resistance, reaching new 2019 highs. It did so with a major surge in volume…the likes of which we haven’t seen since January of 2018. Bitcoin finally found resistance just below the 0.618 fib level measured off the prior $6K breakdown in 2018.

This nearly $1K move happened in under an hour. There’s no question

🗞 Daily Crypto News, April, 2nd💰

  • Sudden Bitcoin Price Breakout Sets New Bull Target at Over $5K ;
  • “Bitcoin and Friends” Animated Series Airs Spicy First Episode ;
  • XRP Exchange-Traded Product Goes Live on Swiss SIX Exchange;
  • Puerto Rico Sees New Crypto Bank Accept First Client Deposit;
  • Pakistan Government To Issue Crypto Regulations;
  • 📑 Daily Crypto Calendar, April, 2nd💰
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 Sudden Bitcoin Price Breakout Sets New Bull Target at Over $5K

With bitcoin’s move today to 4.5-month highs near $5,080, the transition from bear to bull market appears done and dusted.

The trend change would gain credence, though, if and when BTC finds acceptance above the former support-turned-resistance of the 21-month exponential moving average (EMA), currently at $5,200.

The cryptocurrency is looking overbought as per the 14-day relative strength index, so prices may have a tough time breaking above $5,200 in the near-term.

Bitcoin could see a pullback to $4,400 if signs of bullish exhaustion increase in the next few days.

🗞 “Bitcoin and Friends” Animated Series Airs Spicy First Episode

There’s a new animated series called “Bitcoin and Friends” that’s been making its rounds across the web after the first episode was released by Uncle Chris Productions. The humorous and sometimes raunchy cartoon is an eight-part series that aims to make people laugh during the depressing bear market and the crypto saltiness on social media.

On March 29, Uncle Chris Productions released the first episode of an eight-part series that encapsulates the life of a lonely bitcoin in search of his lost father. The show “Bitcoin and Friends” stars “B,” a bitcoin who finds himself in a hospital and starts an adventure to find out who he is and who created him. Along the way, B finds some quirky friends in the first episode, called “Tears of a Clown”, whose storyline is based in New Jersey back in 2009.

🗞 XRP Exchange-Traded Product Goes Live on Swiss SIX Exchange

An exchange-traded product (ETP) tracking the price of the XRP cryptocurrency has gone live on Switzerland’s primary stock exchange SIX.


Amun AG, the maker of the product, announced the news on Tuesday, saying that the XRP ETP had started trading on the exchange under the ticker symbol AXRP.


The firm first revealed it would launch an XRP ETP last month. Hany Rashwan, co-founder and CEO of Amun AG told CoinDesk at the time that his firm already had an approval in place from SIX to issue the product.


With today’s launch, Amun AG now has a total of four cryptocurrency ETP products listed on the SIX exchange. Last month, the firm launched an ethereum (ETH)-based ETP (AETH). The month prior a bitcoin (BTC)-based ETP (ABTC) went live, and the firm launched the Amun Crypto Basket Index ETP under the ticker symbol HODL in November.

🗞 Puerto Rico Sees New Crypto Bank Accept First Client Deposit

Puerto Rico-based cryptocurrency trading platform San Juan Mercantile Exchange (SJMX) has launched banking operations via a new subsidiary, the company announced in a press release on April 2.


SJMX, which exists as a membership-based exchange for digital asset traders, is seeking to expand the scope of its operations for institutional investors.


The new venture, dubbed San Juan Mercantile Bank & Trust International (SJMBT), received a banking license from Puerto Rican regulators last month.

🗞 Pakistan Government To Issue Crypto Regulations

The government of Pakistan will soon release draft regulations for financial institutions that wish to provide services related 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 and other digital assets, according to local English-language news outlet The Express Tribune.


Citing sources in Pakistan’s ministry of finance, the article states that a ceremony to introduce the new regulations is being held today, April 1, at the Islamabad office of the State Bank of Pakistan (SBP). According to Pakistan’s finance minister, who attended the meeting, the Pakistani government is committed to transforming the country into a knowledge-based economy. It believes that information technology will help create more jobs and develop “world-class knowledge workers in sync with international market trends.”


To this point, the finance minister said, “It is our government’s policy to encourage the use of e-commerce amongst [the] public through awareness campaigns to promote a culture of e-commerce in the country, which supports electronic business transactions at national, regional and international levels.”

image.png

📑 Daily Crypto Calendar, April, 2nd💰

NOVA 1.0 Release

Crex 24 Listing

“Join us on Tuesday 2nd April at 18:00 in St. Petersburg, Russia for a #Binance meetup!”

The creation and distribution of ZNN is made through the ZX algorithm that follows a supply demand pattern.

“ZB.com will list Grin/QC and Grin/UDST for trading at 2019/04/02 14:00 (UTC+8).”

image.png

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

Today again, STEEM is correcting while the BTC is increasing. So we are again in the middle of the 2 lines and we need to see which line the market want go test. Perhaps we are just taking some distance to go test again the resistance line at 0.49$ or the STEEM want do a bigger correct and we will go test the support line at 0.43$

image.png

Last Updates

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BITCOIN – 2 Apr

On 4hr chart, it went better than expected. Mentioned that’s it likely to test the possible ascending triangle top resistance around 4250~4400 zone. It tested and looks like breakout pushing all the way to 5000. Breakout tgt around 5520 zone. Somehow it touch the possible top of the bigger symmetrical triangle and pullback. It also push above the 200 MA on daily chart. Likely to test for 200 MA support thereafter.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :117
Total marketcap :163
Dominance :51.3
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe

Scripsio Update

Greetings Scripsios,

We think we have the attacks figured out. Almost all users were getting emails that their accounts were being tested by a hacker. It was a common enough attack, but was getting through our defenses. After a bit of tweaking, it appears that we have things back in order.

This update doesn’t have as much content, but we wanted to share the progress and continue to enjoy providing updates on how we’re improving the site. And, other than tech challenges here and there, usually we’re able to focus on tweaking to improve the site.

Remember, you can post regular streaming content on Scripsio at any time. It’s simply a social site, complete with groups, chat and social streaming. You can also make blog entries, which can go to Steem as well. Come check it out. Learn more, including about our vote sharing, on Scripsio’s About page.

#Hashtags

This isn’t really new to Scripsio. However, it has been a little buggy and definitely wasn’t working well with non-alphanumeric characters. We think we have that nailed down so that it’ll work with any language or reasonable character variants.

2FA Enabled

Yep, we’ve set it up. This one is sort of fly-by-the-seat-of-your-pants on the site right now, being newly integrated. What do you think?

Other Fixes

Scheduled posts had some limitations that we think we’ve ironed out. Let us know if you have a problem. This should function for both regular updates in the social features as well as blog posts now.

We still had a few issues with MarkDown not formatting consistently for community posts. We think this one is nailed down now too.

Smoother scrolling – You know how sometimes the site would jump a bit when scrolling, especially as images load? That should be a much smoother experience for you now.

Mobile buffers and positioning has been improved. We’re still a long way from where we want to be for the mobile experience, but we’re gaining.

There are a lot of other little fixes we’ve made along the way. Some you might notice. Others make us happy because we know it’s a passive way to improve the Scripsio experience. Let us know if you pick up on one of them. We’d be very interested to find out if anyone notices. 🙂

Thanks for following. Thanks for using Scripsio. Check it out. It’s not just another social site. It’s a place where what you write is yours, so write what you write with confidence.

Quod Scripsio

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Wall Street Secrets Revealed #7 – The Greenshoe Option

Lyft’s stock began trading close to $90 on Friday, but quickly retraced and closed at $78.29.  On Monday, price fell again as institutional investors are questioning the company’s long term profitability in the soon to be era of autonomous vehicles, closing the day at $69.01, below the IPO price of $72.

In 2018, Lyft’s revenue more than doubled to $2.2 billion from $1.1 billion in 2017, according to its filing. But losses mounted, rising to $911.3 million last year from $688.3 million in 2017, though they declined as a percentage of revenue. Total costs and expenses were $3.1 billion in 2018,

We are on the Boat baby 🚣‍♀️ , Let’s Ride!

Been talking about how this Spike would come, Let’s Ride!

Much of Crypto is up more than 8% this morning. Bitcoin has spike Huge off the resistance break. Litecoin continues to show strength and is spiking big. EOS is running into resistance and closing in on a spot where it could slow down. Hopefully it blows through!

Crypto Contest April 2: Bitcoin

Bitcoin (Bitstamp: BTCUSD) 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, Bitcoin began a wave one advance in January 2015. The red wave one finished in June 2016, and the red wave two correction ended in August 2016. The red wave three advance finished in December 2017, and the red wave four correction ended in December 2018. If this wave count is correct, Bitcoin should be heading next towards the December 2017 peak in the red wave five.

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

Zooming out in the monthly

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