had the following to say about Square, Five Below and Wayfair:
There are plenty of stocks that have turned a meager sum into six figures or more over the last 30 years. It can seem a daunting task to figure out what the next wealth-building stock is going to be, but I have found that the signs of tomorrow’s great companies are always in plain sight.Multibagger stocks usually show two essential traits: fast revenue growth and an enormous addressable market to grow into. Three stocks that are
Here we are testing support, just a week ago we were contemplating if steem could push through 60 cents. Oh what a week can bring.
Bouncing Back and Forth in a Range
Well, atleast that is what I hope the price is doing. After failing to breach 60 cents on two occasions since we leveled up out of that bottom range; steem finds itself back down to that old resistance point around 40 cents.
Luckily that now represents a support level and hopefully it will remain that way. Either way it is not fun to be testing support as only two things can
The Guppy Multiple Moving Average (GMMA), developed by Daryl Guppy, an Australian trader is a technical indicator that identifies changing trends. The GMMA combines two groups, a short-term and long-term set of moving averages with different time periods.
Another great feature of the GMMA is its ability to detect the strength of the trend. If the separation of the moving averages are wide, you typical have a strong trend.
If the separation of the moving averages, typically denotes a weak trend.
Lastly, no trend is denoted by the moving averages being flat/horizontal.
Bitcoin’s “super guppy” indicator has turned green for the first time
I wish I had a royalty-free, open-source image of Heath Ledger in his Joker makeup to insert here. Chances of finding something like that = zero. Sorry, you’ll just have to use your imagination:
The crypto space is a special case
Last week I said:
Crypto marches to the beat of its own drum. Normal analysts can’t/won’t/don’t understand this – in fact they normally flatly deny it. Can you blame them? After doing something for 10/20/30 years, it’s hard to imagine that something like crypto can be “different” or “special”
That isn’t the first time I’ve said something along those lines. On many occasions
On 4hr chart, added one more bottom line of the ascending triangle, usually when this happen there will be slide bounce then decline again making another lower angle of the bottom then sell off. On 1m, 5m, 1hr,4hr trend change confirmed. Waiting for reversion to the mean towards MA for 2nd wave of short, if there’s strength might turn the daily trend down too.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
Network Value to Transactions Ratio :113
Total marketcap :172
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :
Disney is rocketing forward this morning on news about a new streaming service that will be offered. Disney was always in a great position owning ESPN if they would ever put their politics aside and move forward with advancing their company! Well it looks like we may have found this answer. I have had this measured move mapped out for multiple weeks now, if not months (disclaimer: I have not touched these lines). Take a look…
DIS has traveled out of the financial crisis and pullback in 2011 from 20…to 100-110ish. With this FOUR AND A HALF YEAR BASE of consolidation
OKCash (Bittrex: OKUSD) 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, OKCash began a wave one (blue sub-waves i-ii-iii-iv-v) advance in May 2015. The red wave one finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in November 2018. If this wave count is correct, OKCash should be heading next towards the January 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
OKCash is a decentralized open-source digital cash system. The next block reward halving is scheduled in 22 days.
Taekion plans to work on other applications, too, that would help secure energy transactions to protect process data at power generation facilities, increase grid reliability and integrate a more decentralized energy infrastructure.
The project is part of the energy department’s Office of Fossil Energy Sensors and Controls program and is funded through the department’s Small Business Innovation Research program.
This is not the first time that the department has looked to explore blockchain for technological improvements. Last year, it partnered with BlockCypher to develop solutions allowing energy transactions to be settled across multiple blockchains.
The drop may now have thrown a spanner into a bullish market setup that had looked likely to propel prices to highs not seen since late last year. Had bitcoin’s triangle breakout succeeded, a measured move to $5,800 may have been on the cards. However, bitcoin fell $300 short of that target as buyer volume fell short on the day.
San Francisco-based blockchain project Thor Token is shutting down as the project “was not able to gain traction and achieve commercial success.” The news was announced by co-founder and CEO at Thor, David Chin on April 9.
Thor — which was built on Neo (NEO) — has announced it is closing its doors as it reportedly could not manage to raise enough capital to come up against the lack of sales, as well as find a new place where it could benefit from more resources.
Muneeb Ali, co-founder and CEO of Blockstack, said in a statement: “We’ve been working with securities lawyers to create a legal framework that can enable blockchain protocols to comply with SEC regulations.”
“This can potentially set a precedent for others in the industry, not just for public offerings, but also as a path to launch new public blockchains and establish a path to bootstrapping decentralized ecosystems.”
New York-based blockchain startup Flexa has raised $14.1 million to develop a payments network for retailers. The development was announced in a press release published on April 11.
Per the release, Flexa has raised $14.1 million in funding from such participants as early stage token fund 1kx, investment firms Access Ventures and Nima Capital, and hedge fund Pantera Capital, which recently revealed that it was close to completing funding for its third venture fund, already raising $160 million.
The company intends to create a payment network for retailers that would reduce costs, overhead, and fraudulence by means of blockchain-based settlements. Flexa is also planning to release a mobile application through which customers could conduct operations with cryptocurrencies they already own.
“After the Grand Announcement at the @money2020, we continue the roadshow for our #STO at London’s prominent @UKInvestorShow!”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
Yesterday, we were testing the support line around 0.49$ but today, due to the drop on the BTC, we broke that support line but also the next support line around 0.43$. We still have a possibility to come back upper that last support line and it will stay a very bad day today for the STEEM with a drop of 10%… What is disapointing with the STEEM is that we have difficulties to go UP during UP trend of the BTC and we are exagerating each DROP of that same BTC… Courage courage dear holders.
At an ECB Press Conference yesterday, President Mario Draghi was shy about possible further stimulus to prevent the region from slipping into recession. He also talked about the additional risks to the EU if Trump moves forward with his tariffs on $11 billion worth of European Union goods.
Monetary Authority of Singapore measures the Singapore dollar against a basket of its counterparts, adjusting the pace of appreciation as necessary. Its decisions to tighten policy last year were spurred by rising inflation, underpinned by an improving labour market and robust economic expansion.
The take away is the Singapore dollar will potentially strengthen, while