OriginTrail (Bittrex: TRACBTC) 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, OriginTrail began a wave one (blue sub-waves i-ii-iii-iv-v) advance on March 15. The red wave one finished on March 26, and the red wave two (blue sub-waves a-b-c) correction ended on April 8. If this wave count is correct, OriginTrail should be heading next towards the March 26 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
OriginTrail is blockchain-powered data exchange protocol for interconnected supply chains. BlockchainBrad interviewed the founders back in January this year.
It’s another day in the wonderland of cryptocurrency. Unless you are not an active follower, you should be able to observe the newfound market positivity that gives a feel reminiscent of the early days of the previous market cycle.
The optimism in the air is so genuine, ordinary cartel’s manipulation would have a hard time staging it. If this has one message to whisper to you, then “it is to be ready and be vigilant“.
You wouldn’t want to miss the upcoming market uprun especially if you are a type that witnessed the last market boom like me but have little or nothing to show of it. I am not trying to chill anything to you or persuade you into purchasing anything, and of course it not advisable to give-in to another person’s opinion in the cryptoverse particularly if you don’t know their level of expertise.
I consider myself a very raw amateur who has a lot to learn in many aspects, but if there is only one message to direct at your face, I will scream “be ready“. Why would I? Because I can resonate with this same feeling. Not taking my emotions and judgment into consideration, the optimism is kind of real, made even more obvious by many indicators, some typical examples are the volume of trades, news of serious accumulation, and RSI signal of an overbought market.
Again! Be ready and be careful.
Enough of the rant!
Let dive into today’s digest about recent activities and report you should know about.
The Digest
As promised in yesterday’s digest, I mentioned introducing another promising EOS dApp I found interesting today. As an individual who tries to keep to his promise. I bring to you a social network dApp called KARMA.
You must have heard about the law of Karma which states; the good or evil you do will one day come back to you.
This exactly is the mission set out to accomplish by KARMA.
In our world full of inequalities of all kinds. Much of the world are less privileged to have what the top people possess, in terms of food, shelter, finance, and a good standard of living.
Many from parts of the third world countries are in extreme poverty others from well-developed countries can hardly imagine. You would hear of a complete family of four members feeding under $5 for a week, some hardly have anything to eat at all. Approximately 3.1 million children die of starvation each year.
This is an astronomical figure if you imagine counting per head basis, for crying out loud Iceland in an independent country with just over 330,000 people.
There is no swift aid that could quickly eradicate this, except if all countries converge to direct extensive spending to remedy this cause. But, since such a move would have a hard chance of being propagated.
Then, it is at the hand of every able person to do his bit and assist the less privilege found around us.
KARMA EOS dapp is established to encourage people to show some affectionate towards the less privileged around them by rewarding their act of goodness through token incentives through the implemented functional reward mechanism in the form of community votes, donations, and sponsorships. Everyone has some good to show.
Visit https://www.karmaapp.io/ today, download the Andriod or iOS app and start participating in this good cause.
Some information and discussion you should be part of.
Towards the later period of the ICO bust, exchange listing was a popular announcement that could make an investor or trader skip a complete day meal out of FOMO. It was a strategy many found attractive to multiply coins by scalp or swing trading and then jumping onto the next promising coin.
Those who were lucky enough made riches with this method but the majority who were not were burnt badly (I fall in the later category).
Exchange listing apart from its speculative effect is a good way to give a project more exposure or provide better liquidity. Recently, one of the largest exchange “Coinbase” announced the listing of three coins namely: Augur, Maker, and EOS, on its open trading service Coinbase Pro. As a very reputable exchange, this listing is having a somewhat significant impact on the price of these coins over the past 24hrs. Read the reason for this move now on Cointelegraph.
Entry opportunity for the average Joe.
Decentralization by its core definition has no barrier to entry, no censorship, no single point control. These are the attributes many expected any entity entering the sphere should keep to mind, but that is not the case with leading exchanges. Their operating servers are built with centralized design, customers are kept under some restriction, freezing of account without notification and so on. This was the case of Bitfinex – a top cryptocurrency exchange with a huge barrier to entry which minimum requirement to start trading was set to $10,000.
After many persuasion by many traders from different regions, it was reported that the exchange has dissolved the wall to entry and cancel such pre-requisite, paving the way for fleets of traders to join the platform with no minimum required entry fund. Read the in-depth updates on Coindesk.
Get some laughter with this meme as I round-up this digest.
Thanks for your time reading the digest.Remember to visit my blog tomorrow for another interesting digest. Cheers 🙂
Disclaimer
The contents of this post are intended for information purpose only and should never be taken as an investment or trading advice. All information contained herein is linked to their respective sources without being taking word for word except in quotes and references.
British Pound and the Australian Dollar have been two of the best-performing currencies in 2019.
Along with commodities, the Aussie is trying to stage a come back after declining 8% in 2018. A US-China trade deal will surely send the Aussie higher, but if no deal is reached, be sure the Aussie will go lower.
There is discussion that European Council President Donald Tusk will this week propose to European leaders they offer the UK a 12-month “flexible” Brexit delay. If the proposal is granted, a “no deal” Brexit is back off the table and the British Pound should rise.
I have Fibromyalgia and inflammatory rheumatoid arthritis, which in the past few years has crippled me at times.
The western pharmaceuticals have not worked for me. infact some have made me worse. Vioxx (now removed after causing deaths) sulfasalazine, methotrexate, hydroxychloroquine , Azathioprine, steroid injections, gold injections have all given me bad side effects and have done nothing to improve my health.
Ironically since i stopped taking any of the above, my health has started to improve. Also in the past few months i started courses in mindfullness & meditation and Reiki first degree. I have also started taking high doses of Vitamin D. For the first time in years my health has started to improve.
Reiki and meditation has definitely improved my health, phsyically and mentally. If you suffer from ill health i would definitely recommend trying a reiki or meditation course. They work on so many levels. For me i started to see an improvement in my mood and sleep straight away . for many years now i have been in constant pain and exhaustion so to suddenly get better sleep and motivation has had a beneficial knock on effect on my health. I feel things are now starting to improve.
I am going to continue studying meditation and reiki and will be starting reiki second degree in a few weeks.
If you live in west yorkshire why not come and try 1 of these courses? the tutor is excellent and runs various courses on furthering your health, well being and knowledge.
If you like my posts and what i’m doing on steemit, please give me a witness vote.
witnesses keep the steemit blockchain running smoothly and it costs us to run our servers.
Your witness vote helps to pay for the server cost. as yet i do not have enough votes to cover my costs.
Please vote pcste for witness. to vote for me go to : https://steemit.com/~witnesses scroll down the page and enter pcste into the box (dont use @sign) then click vote.#
