At the limit of the Market sustainability

Just looking the simple chart provided by Coinmarketcap … Seems we are right now in the border of another decisive moment. There is a Head and Shoulder pattern flying over the crypto market and the recent decrease in volume does not help so much to sustain the growth:

Market has reached an amazing value of 186 Billion recently but now is struggling at the 170 Billion area…if this trend holds longer and the market overpasses the 167 Billion I am afraid we are going to see again a drop to the 145 Billion, a total market cap value previous to this

The Notre Dame Cathedral in Paris is on fire.

For a couple hours now one of the symbols of French and European culture, the Notre Dame cathedral is being engulfed in fire.
The roof has already collapsed and the main tower.

This looks horrible. So much history going up in fire and the firefighters dont know if they can stop it in time….
I linked the CBS live coverage and ill link a facebook video covering it as well.

UŽIVO IZ PARIZA Gori katedrala Notre-Dame, srušio se glavni toranj

Gepostet von Index.hr am Montag, 15. April 2019

The Crypto Market Cap Pullback After an Obvious Hitting Resistance Level

Sometimes you just need to look at the broader picture.  Yes, it would be nice to see recent crypto rally continue, but getting a pullback was pretty obvious once you look at the total crypto market cap chart.
Major Resistance Stops the Rally for Now
Looking at the chart in this post you can see market cap rallied up to that prior support level only to hit it’s head a few times before backing off.
The good news is the rejection wasn’t hard and fast so even if we were to sell off some more I like the price action still.
Market cap failing

The Oil Chart Suggests Goldman Sachs Might Be Right

“We don’t think you’re going to get back to those $80 levels again, so you’ve got some modest upside here,” Goldman Sachs’ head of commodities research, Jeff Currie, told CNBC this week. “While the macro risk-on environment and the threat of disruptions may drive spot prices even higher, we still expect that prices will decline gradually from this summer as shale and OPEC production increases,” they concluded. “With large spare capacity in OPEC and the Permian basin and a wave of long-cycle projects still expected to come online in 2020, we maintain our $60/bbl forecast for next year.” Goldman

BITCOIN – 15 Apr

Making higher highs and higher lows along the bear flag on 4hr chart. Next resistance level around 5200 zone. Stoch price divergence, possible turn. Margin short still lacking.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :109
Total marketcap :176
Dominance :51.9
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

$TWTR is on the Move, Holding $34

Twitter is on the move this morning holding the $34 and moving into the resistance level of $35-35.50 for it seems like the 1000th time. A small pullback was needed to relieve some pressure but I am looking for the Tweeter bird to break through this level this week.

A strong open is some mega progress and I believe if the market holds in today we may get a good upswing t continue the now bullish trend. The pattern is there, we just need this baby to resolve higher. The longer it stays at the top end of this range,

Will The Good Times Keep Rolling For JPMorgan Chase???

If the S&P 500 is the
bellweather for the equity markets, JPMorgan Chase (JPM) is the bellweather for
the bank sector. JPMorgan Chase reported earnings on Friday and blew the results
out of the box. JPM earned $2.65 a share for the quarter versus expectations of
$2.35 a share. And revenue of $29.9 billion came in $1.5 billion ahead of
expectations.

The results were
supported by record revenue and net income. Investors have been concerned that
net interest margins would deteriorate since the US Feds said they would leave
interest rates along, but net interest income grew by 8% year over year.

Consumer and business
banking revenue climbed 15%

Silver – breaking local support

This weekend I read through the latest World Silver Survey, published by The Silver Institute.  For those unfamiliar with these reports, they are published on an annual basis and are very well written. At about 100 pages in length, the document is definitely not a quick read, but you can pick and choose areas of interest, it isn’t necessary to read every table and sub-heading. You can find all the World Silver Surveys (from 1950 to date) at https://www.silverinstitute.org/all-world-silver-surveys/.

For some years it has been noted that Silver is undervalued compared to Gold and is probably the better long-term investment. Indeed it

BITCOIN: Trip to 6200 USD, 5-3-5 Correction

Elliot Waves count still valid and progressing towards the 6200 USD target.

Currently building what seems to be a 5-3-5 Zig-Zag correction in order to complete wave 4 as shown at the 4h Chart:

Red a-b-c correcting waves can be identified as 5-3-5 Zig Zag type using the 1Hour chart:

If this assumption is correct, we should see a drop towards the range of prices ranging between 4800 and 4600 USD on which I am laddering some buying orders.

That level of price would mean the completion of the 4th wave and the start of the upwards 5th towards the major resistance:

Below 4600 USD

🗞 Daily Crypto News, April, 15th💰

  • The Bigger Picture Behind Bitcoin’s Latest Price Rebound ;
  • Indian IT Giant Tech Mahindra to Use Samsung’s Nexledger Blockchain: Local Media ;
  • Cryptocurrency Price Trends Could Signal End of Bear Market, Says Binance Research ;
  • Bloomberg: SEC Required Two ETF Funds to Take Blockchain Off Their Tickers ;
  • IMF and World Bank Launch Quasi-Cryptocurrency in Exploration of Blockchain Tech ;
  • 📑 Daily Crypto Calendar, April, 15th💰
  • STEEM Trading Update

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

🗞The Bigger Picture Behind Bitcoin’s Latest Price Rebound

What matters is that 10 years after an unidentified software engineer created it, this decentralized system for recording sequences of transactions continues to do its job, block after block, with no authority in charge, no user able to alter past transactions, and no person or entity able to shut it down.

The more this goes on, the more it reinforces the powerful vision behind bitcoin: a peer-to-peer, disintermediated system for exchanging value around the world. And in that context, we can also think of bitcoin the cryptocurrency – differentiated from bitcoin the system – as a unique, provably scare digital asset that expresses the overall value in that vast potential.

Bitcoin is valuable because it exists

A point that’s lost on critics like Novak is that the longer bitcoin simply survives – in the face of the $90 billion valuation that stands as a de facto bounty for hackers to try to take it down, compromise its security or corrupt it – the more its overall value is confirmed.

Bitcoin is progressively proving itself to be an unstoppable, digital system of global exchange, one that functions outside of the traditional national government-mandated system of currency and banking. That status is what gives bitcoin its value.

Of course, the global impact of the bitcoin value exchange system, and therefore its worth to humanity, will be significantly enhanced if adoption advances to a much wider scale and it is used frequently in the world’s transactions. And, yes, a great deal of development work is still needed if it is to ever reach that point.

🗞 Indian IT Giant Tech Mahindra to Use Samsung’s Nexledger Blockchain: Local Media

Samsung SDS has reportedly agreed to cooperate with Indian IT giant Tech Mahindra in an attempt to enter the overseas blockchain market, The Korea Times writes Sunday, April 14.


SDS, the systems integration arm of Korean tech behemoth Samsung, allegedly plans to expand the use of its Nexledger blockchain platform in India, the United States and Europe.


As per the agreement, the two companies will reportedly seek more business opportunities in the region. Moreover, Samsung SDS will cooperate with Tech Mahindra on further Nexledger updates.

🗞Cryptocurrency Price Trends Could Signal End of Bear Market, Says Binance Research

Bitcoin (BTC) prices and altcoin prices could have already hit their lowest point, new analysis from cryptocurrency exchange Binance concluded on April 11.


In the latest edition of its research bulletins, the exchange’s dedicated analytics arm, Binance Research, investigated various current phenomena and trends within cryptocurrency markets.


Among them was correlation between Bitcoin and altcoin prices, data from 2014-2019 confirming that the 90 days to mid-March represented the longest period of high correlation in market history.

🗞Bloomberg: SEC Required Two ETF Funds to Take Blockchain Off Their Tickers

The United States Securities and Exchange Commission (SEC) reportedly required two funds to eliminate the word “blockchain” from their monikers, Bloomberg writes April 12, citing sources familiar with the matter.


The exchange-traded funds (ETFs) of both Amplify and Reality Shares reportedly mentioned blockchain in early filings. Per Bloomberg’s unarmed interlocutors, the two funds were encouraged to change their names at the last minute in 2018.


Despite eliminating the word “blockchain,” the funds’ tickers still refer to the technology. Ampilfy’s funds are traded as BLOK, while the product is described as “transformational data sharing ETF.” Reality Shares are using the title BLCN, depicting its product as “Nasdaq NexGen economy ETF.”

🗞 IMF and World Bank Launch Quasi-Cryptocurrency in Exploration of Blockchain Tech

The International Monetary Fund (IMF) and the World Bank have jointly launched a private blockchain and a so-dubbed quasi-cryptocurrency, the Financial Times (FT) reports on April 12.


According to the newspaper, the asset called “Learning Coin” will be accessible only within the IMF and World Bank. The coin has no money value and thus is not a real cryptocurrency, the FT underlines.


As the FT has learned, “Learning Coin” was launched in order to better understand the technologies that underlie crypto assets. Its app will serve as a hub where blogs, research, videos and presentations are stored.

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📑 Daily Crypto Calendar, April, 15th💰

“Public launch of Mainframe OS is early April.”

“We are ready to @Coinbase NJ. Our beta test starts in 3 weeks.”

The reward program for PSN 1.0 will end with the final reward block height of 328,000. All ERC20 FSN and P-FSN will be allocated on April 15…

“… The public Mainnet launch is expected during the week of April 15 (final date coming soon)!”

“… At 10:00 AM ET (2:00 PM GMT/UTC) Partners and Platinum Partners will have an exclusive opportunity to buy additional EFIN coins.”

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

We are currently sitting exactly on the support line at 0.43$ and we are in waiting mode I think, waiting to see in which direction the BTC will go. Let’s hope it will be a UP Break Out but no one can be sure of the direction. Let’s see what the market will decide and follow the trend, it is always the safest choice.

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