BAT is leading again folks. You can not learn relative strength quickly enough in this game. What goes up first? What doesn’t pullback much when everything falls? What goes up the most? What doesn’t fall hardly at all? What doesn’t go down on bad news?
These are questions you have to be asking yourself. This is how I hit LTC, BAT, and EOS on the lead off the bottom. I am expecting BAT to be printing highs again in the next 48 hours. We are headed back towards the recent highs in crypto and BAT is already there.
The ETF, SPY represents the bellweather, the S&P 500 Index, which is a diversified large cap U.S. index that holds companies across all eleven sectors. One sector represented with a significant weighting is information technology.
The Index seeks to provide an effective representation of the technology and telecom sector of the S&P 500 Index with exposure to technology hardware, storage, communications equipment, semiconductors, etc.
So when I heard the XLK was at all-time highs,
and the NASDAQ wasn’t,
I was intrigued. However, it all made sense after looking at the top 10 holdings of the XLK.
It did came down and almost tested the previous low near 4900 zone. Getting more tight on space between the bottom of bear flag and the MA acting as top resistance. Next we will see the breakout down side soon as it get heavy. As mentioned for it to go higher, it would be good to retest the 200 MA on daily and bounce off that. The previous round in 2014-2015 it retest 200 MA and dip below before the bull run starts.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
Network Value to Transactions Ratio :109
Total marketcap :173
Bitcoin continues to consolidate just above $5,000. Volume has been cut in half from recent highs, but remains relatively strong when compared to January and February. The market is taking a breath as traders await the next major move.
In today’s analysis I discuss where price may be heading next, key areas to watch, where I’ve placed my buy orders and so much more. I hope you find it helpful.
If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to watch.
I hope this has been helpful. I’d be happy to answer any questions in the
The Trump administration and government regulators unveiled a major push Friday afternoon at the White House to accelerate the rollout of the high-speed, next-generation mobile data technology known as 5G.
5G ((short for 5th Generation) is the next generation of mobile communication. 5G brings three new aspects to the table: greater speed (to move more data), lower latency (to be more responsive), and the ability to connect a lot more devices at once (for sensors and smart devices). 5G will be a whole new kind of network, enabling new experiences that will change how we live, work, and play.
Something very interesting has been happening in crypto for the last week or so. If you didn’t look carefully, you may have missed the broader implications.
By now it is well known that self-proclaimed-Satoshi Craig Wright went after Twitter personality @hodlonaut, placing a bounty on his head in an attempt to find his true identity and saying that he would sue anyone else who denies that he is Satoshi Nakamoto. Craig wants people to identify hodlonaut by his tattoos and offered a 70 BSV reward (about $5000 at the time). However, this rewards is becoming less and less attractive as time
NKN (Bittrex: NKNBTC) 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, NKN began a wave one leading diagonal advance on February 9. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on March 24, and the red wave two (blue sub-waves a-b-c) correction ended on April 11. If this wave count is correct, NKN should be heading next towards the March 24 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
NKN is a network connectivity protocol & ecosystem powered by blockchain for an open, decentralized, and shared
A surge in oil prices this year has helped make the Canadian dollar one of this year’s best performing major currencies. However, the Canadian Dollar weakened Monday after the latest business outlook survey from the Bank of Canada (BoC) showed weaker inflationary pressures in the first-quarter and slower growth in the months ahead suggesting the BoC at a minimum will leave interest rates on hold for the rest of the year.
On the news, the Canadian dollar fell…right into supply on the AUD/CAD. Lets go to the chart to see the trade set-up I took.
Talk about a complete shitshow of an IPO. LYFT went public a little over 2 weeks ago. After pricing at $72 by the crooked bankers, LYFT opens the market at a price above 85. Thank the big bankers for that. You can see what has transpired over the next ten trading days from this pump above the price.
A plummet. That’s right, straight down. LYFT is puking and is already down 24% from its IPO price and 35% from its opening price. That means if you got fed the bullshit by the big banks and bought the day LYFT went