When President Donald Trump signed the 2018 farm bill with that came the legalization of hemp (which is defined as a cannabis plant with under 0.3% of tetrahydrocannabinol, or THC) and the opportunity to flood the market with cannabidiol, or CBD in drinks, snacks topical applications, etc.
NOTE: CBD is a non-psychoactive cannabis compound which promises to help everything from anxiety to pain.
This last week, Walgreens announced that they will sell CBD creams, patches and sprays in nearly 1,500 stores in select states. This comes on the heels of CVS announcing two weeks ago, that it will sell CBD-containing topicals, including
Excellent decision the one I took yesterday placing my STOP LOSS at 5100 USD.
I thought that due to the consistent increase on volume, BITCOIN may go higher and eventually rise till the 2.618 FIBO level which is very common in Crypto as a form of extended third wave but whales got satisfied just by reaching a little bit higher than the 1.618 FIBO which I placed around 5180 USD.
So, I managed to get a good bunch of dollars with this strategy so I am satisfied for the moment.
Now, that top has become our new resistance level but still our Elliot
ExclusiveCoin (Bittrex: EXCLUSD) 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, ExclusiveCoin began a wave one advance in June 2016. 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, ExclusiveCoin should be heading next towards the December 2017 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
ExclusiveCoin is a Proof-of-Stake coin with masternodes. You can view the masternode stats here.
Bitcoin surged up to $5,345 (Coinbase) before dropping back below $5,000. It’s currently trading around $4,945. Volume remains very impressive at $20.8 Billion for the day.
Price has decisively broken above the 200 Day MA, an excellent sign for bulls. Keep in mind that does NOT mean we won’t see a drop in the short term.
In today’s analysis I discuss where price may go from here, key areas to watch and so much more. I hope you find it helpful.
Video Analysis:
If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to watch.
The semiconductor stocks when from being dogs when in late 2018 by shrinking demand by the smartphone makers to data center owners and the U.S.-China trade war to being darlings of 2019 so far. And the sector could just be getting started.
The Digitimes website said Taiwan Semiconductor Manufacturing Company, one of the world’s biggest chipmakers, will ramp up its 7 nanometer production rates thanks to renewed strength in orders for Android devices. The accelerated pace could see TSMC running at full capacity by the third quarter, the Digitimes reported, suggesting industry forecasts of a second half turnaround in global chip
On 4hr chart, it spike out of the triangle almost testing the previous possible ascending triangle breakout tgt of 5520. Quickly to press down by the bears into the big symmetrical triangle top. On daily 2 more candles for possible TD9 reversal.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :115
Total marketcap :173
Dominance :50.9
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :
Obviously that’s a generalisation and there are exceptions to every rule. But sadly, it has been my experience that traders do not understand crypto investing. This post explains what I mean.
Old Bit Brain followers may recognise this topic. I’m not speaking about it for the first time, though I’ve never written a dedicated post about it before (at least not one which I remember!) This is a topic which usually ends up being debated in the comments sections of posts.
I ended my post yesterday with this statement:
If you are an investor then please do not follow the advice of traders
Ive seen some backlash from folks about STEEMIT.INC adding ads to their site. While i can understand that people might be pissed about it, i see this as a good thing. I usually have my adblock on (The Brave browser works slow for me) but in the case of Steemit i decided to turn it off. Not only did i turn my ADBLOCK off, i also made a promise to myself to click at least 1 ad a day in case the advertiser opted for a CPC advertising model (Cost per click) instead of a CPM model (Cost per 1000 impressions).
Look, i know Steemit.inc messed up and that its their fault and their fault only that they are in a position they are now. But now is not the time to keep hammering on that point… Repeating the same thing over and over again. Whats the point of that?
Its time to help any way we can. I cant code nor am i one of the cool kids that can get their voice heard by Steemit.inc and affect change that way. I cant do any of that and neither can most of us here….
But dammit, i can click on a ad couple times a day and help out that way!
I know a lot of people are emotional right now and that Steemit.inc is an easy target. I also know everyone is waiting for some miracle community effort.
The community needs to come together!
(I cringe so hard when i hear this platitude repeated over and over again, haha)
How about we just click the damn ads few times a day for a start? How about that as an idea? Thats a concrete thing you can do for Steem and the best thing of all is that you can do it right now, by yourself… Go do it now!
By helping to keep Steemit.inc afloat youre (hopefully) affecting Steem development in a positive way.
The crypto market sprang back to life with bitcoin’s surge to nearly 5-month highs yesterday. But why?
To those who have been paying attention to the charts, it shouldn’t come as a surprise. The leading cryptocurrency by market value jumped nearly $1,000 to $5,080 in a 60-minute window early on Tuesday, confirming a transition from bear market to bull market that it had been signaling for some time.
In fact, after a year-long bear market, savvy traders were waiting on a trend change that would gain credence if and when prices established the most basic of all bullish technical patterns – a higher low and a higher high on its weekly charts. (A higher high would have been confirmed above $4,236.)
The U.S. Securities and Exchange Commission (SEC) has published fresh regulatory guidance for token issuers, nearly half a year in the making.
The guidance focuses on tokens and outlines how and when these cryptocurrencies may fall under a securities classification, according to the document.
SEC Director of Corporation Finance William Hinman first revealed that the regulator was developing new guidance for crypto tokens last November, and other members of the agency, including FinHub head Valerie Szczepanik and Commissioner Hester Peirce, have repeatedly said that SEC staff was working on the document.
In November, Hinman said the “plain English” guidance would help token issuers easily determine whether or not their cryptocurrency would qualify as a security offering.
The number of active Bitcoin (BTC) wallets increased in the two weeks leading up to the recent cryptocurrency surge, Bloomberg reported on April 3.
Citing market intelligence firm Flipside Crypto’s analysis, Bloomberg reported that a high number of digital wallets holding Bitcoin became active two weeks before the cryptocurrency market rally. Bitcoin skyrocketed on April 2, gaining 15 percent over the night and pushing over $4,500 for the first time this year.
According to Flipside Crypto, 40 to 50 percent of all Bitcoin had been held in digital wallets that were inactive from one to six months, while the average has reportedly been 10 percent since March 15. Eric Stone, co-founder and head of data science at Flipside Crypto, said that “there are more people warming up to the idea of buying Bitcoin.”
According to personal finance firm Credit Karma Tax, filers who reported short-term capital losses for cryptocurrencies in the first month of 2019 jumped fivefold year-over-year. After the incredibly bearish crypto markets of 2018, data from early tax filers highlights the fact that more investors are claiming losses this tax season. However, a survey the company recorded back in November found that the number of people deciding not to file crypto taxes has increased.
During a livestreamed Q+A yesterday, Coinbase CEO Brian Armstrong was asked about “the most ambitious thing Coinbase wants to do in the next five years.” He answered that he hoped his company would “like overthrow some corrupt dictators in the world.” It’s a fine sentiment (spotted by Mashable)—though hard to square with Coinbase’s very recent acqui-hiring of a team of midnight-black hackers who made their bones helping dictators target dissidents worldwide.
The creation and distribution of ZNN is made through the ZX algorithm that follows a supply demand pattern.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
We finally broke the resistance line at 0.49$ but I think we will go test soon that line to see if we can use it as support line. We can see lot of indecision in the last candles so I expect a correction to go test back that line which should be a support now around 0.49$.
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