Bitcoin: Is it at Risk of a Double Top?

Looking at the bitcoin chart I find myself wondering – are we about to double top?
Meager Rise to The Prior Top
If you look at the daily chart of bitcoin shown in this post you can see after bitcoin made that big move higher we got a small pullback, which is perfectly normal, followed by some consolidation before price started to slowly grind higher on light volume.
Currently price is right about where it topped out, well that is until it pulled back a little today.  Essentially price flat lined the past 48 hours at this level.
I’m left wondering if it will

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Dogecoin’s Creator Is Dodging Social Media

Jackson Palmer, creator of Dogecoin has unexpectedly decided to disappear from social networks and eliminate any possibility of interaction with the community. Mr. Palmer did not explain or warn his followers, however, in Dogecoin’s official subreddit, one user clarified that the decision to “disappear” from Twitter was probably due to the recent number of negative comments he received as a result of his opinions on certain controversial topics. Another user, however, explains that perhaps Palmer felt “saturated” by social networks pointing out that he has done this in previous occasions.

Source

Dogecoin is a cryptocurrency which got its from the

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If BINANCE asks we react…

If there is one mandatory task that any good steemian should or must do regularly besides voting for witnesses is to promote STEEM every time the opportunity appears.

Our friends of BINANCE are asking which tokens we would like to see at their BINANCE Chain which, in case you don’t know yet, it is a custom blockchain that features a permissionless decentralized exchange (DEX). For your information, this new blockchain will become available to the public on April 23 and I am sure there will be some positive effects on the tokens listed there.

You can see the announcement in the following link from twitter:

I have already replied them obviously “voting” for STEEM and I think would be good if you do the same.

So, please, go there and reply telling $STEEM or #STEEM or whatever the tag used but always with STEEM !

Cheers,

@toofasteddie

BITCOIN – 21 Apr

On 4hr chart, 5350 resistance holding, might see some more test/denial. Possible down move towards ascending triangle bottom ahead. Let see if this time round if the bear have the strength to break the triangle bottom and bring the price to test 200 MA on daily.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :113
Total marketcap :177
Dominance :52.8
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

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Ag Analysis Report – 4/21/19…Is Corn Forming A Bottom???

China is considering a U.S. request to shift some tariffs on key agricultural goods to other products so the Trump administration can sell any eventual trade deal as a win for farmers ahead of the 2020 election, people familiar with the situation said.

Another person said China would consider shifting the tariffs to make it easier to meet a proposal to buy an additional $30 billion a year more of U.S. agricultural goods on top of pre-trade war levels as part of a final deal. Last July, China had levied punitive tariffs on American goods including soy, corn, wheat, cotton, rice,

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Daily Crypto Digest – 008

Yeah! It another digest after some time out.

I wish I could keep to the title of the digest series with the daily tag use, but sometimes circumstance can act very naughty against personal goals.

Whichever way, it’s been fun writing about blockchain and crypto related stuff as I found a passion that would be hard to let go within the sphere.

Setting out with this digest series – my aim was to push myself to put something out there every day but I need to take things as it is presently and work towards being fairly independently (a day I can’t wait to experience) then I can start blaming my self more. Who knows ‘crypto might just be the mantle of liberty’ I so much crave.

Enough of the stories.

Let get into today’s digest.

“Silence after a sudden noise” – I couldn’t find a better phrase to qualify the present market condition. The king has chosen to fend off intruders by setting up some resistance at $4,900-$5050 marks. Tested many times but not broken, the fortress seems to be HODLing. It’s now a question of if the exhausted bears would finally surrender and run off into their jungle to allow the King expand his dynasty, or if they will keep fighting until there is no more legacy left in their veins.

Whatever their decision is, their time of merriment seems to be over.

It is understandable why they find it giving up so easily, no one could simply give up after colonizing a place of abundance for so long, the taste of the blood shed by longs still makes butterflies in their stomach, sustaining them even through the harsh winter without a single loss in meat mass.

Now, the juvenile bulls in their big numbers are waiting rather impatiently inside the fortress, picking up every meal they could to build up their strength for the upcoming great run, while their wearing fathers hold up the tiring bears over the walls.

This for sure would be a run that would go down in history, their numbers are that much terrifying.

Some discussions you should be part of.

Pixabay Image

Reddit

The HODL legacy persists among believers, demonstrated in different ways. This demonstration is truly explicit.

You must have heard of some crypto related suicide which may be very terrifying to your ears, but be ready to hear the shock of a life with the staggering number of suicide the 2008 financial crisis caused.

Undercover reports on bitcoin bull run imminency.

Another exit scam.

A crypto startup that developed wallet without private keys. Incredible!

Twitter

The launch of the widely awaited Binance chain.

English Premier league cryptocurrency sponsorship deal is gaining more exposure.

Russian operative used cryptocurrency at almost every stage in their online efforts to interfere in the 2016 U.S election.

Reports and Updates In The News

Pixabay Image

It is a famous story in the bible – the story of David and Goliath.

The small boy of few age from nowhere who defeated a full-grown Man with immense strength and reputation. Growing himself to become a great king that ruled a big kingdom.

This story could be compared to a startup that developed so aggressively to become the industrial leader disposing all Goliaths that ruled for many years before its birth.

I am talking of no one but the Binance exchange. The leading exchange that seems to be running on a non-extinguishable volcano.

Binance took the industry by storm, setting new rules and examples as it progresses upward. Now, the company standards are being considered as a template for future developments by other exchanges.

When it comes to marketing Binance is exceptional, talk of the product; the company knows exactly how to mould its mole, what of a sustainable community and growth, they perform incredibly.

As part of its development, Binance recently launched its scalable mainnet chain migrating it token from the Ethereum chain which swap will commence on the 23 of April.

Right before it gets started, a project “Mithril” whose focus is on social mining i.e the act of rewarding content creators by the community of readers and curators, has already taken a spot as the first project to migrate to the Binance chain.

Read more about this migration now on Cointelegraph.

Take Your Crypto Privacy to Another Level

Traditional services we have been accustomed to are making the slogan “be your own bank” a hard nut to crack for the majority. If any crypto follower would tell about his/her greatest challenges, keeping and safeguarding private keys would make the top of the list.

Rewiring from the addicted old ways of trusting centralized services with our wealth and property demanded more mindfulness than we are ready to give.

But our negligence comes with the price of dashing away our magical money straight to the mouth of the masked wolves.

Mostly, the simple mistakes we make comes from the pattern of our behaviors when dealing with these digital assets rather than the direct theft of the coins from our physical devices.

This guide is meant to show you some little steps and precaution you could adopt to strengthen your privacy and improve your online behaviors when it comes to crypto dealings.

Read the guide now on news.bitcoin.com.

YouTube

Crypto market update from Nugget’s news.

https://youtu.be/J0962fVmspE

Other updates and reports in the news

Pixabay Image

Poloniex supports Tether USDT on the Tron network.

Maker holders debate on whether to raise the stability fee for the DAI stablecoin.

Bitcoin SV is struggling with its large block size after a series of block re-structuring. 

Research shows some America retirees hold some bitcoin while the majority haven’t heard of it before.

Potential benefits and drawback of central bank owned cryptocurrency outlined by The Bank of Russia.

Coinbase saw 60% less than the forecasted revenue for 2018.  

IOTA and Evrything are providing their solution to aid transparency in the supply chain consumer goods sector.

Enjoy this meme as I round up this digest. 

Sourced from a Reddit post.


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 are linked to their respective sources without being taking word for word except in quotes and references.


A Needed and Wellness Deserved Breather

Crypto is down this morning especially the leaders such as EOS and LTC. The upside damage has been done to the bears and a well deserved breather is OKAY at this point. The major moving averages have been crossed and now we need them to hold. This is the time where you accumulate on the down days baby!

I am looking for EOS to not drop under $4 and to hold the prior resistance again. LTC is pulling back faster and the rest of the crypto space will follow. The only asset that isn’t that is of importance to me is

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The Sunday Recap – Down the Rabbit Hole 25

Any fool can know. The point is to understand.

Albert Einstein (apocryphal)

In the short-term, the market seems poised for a significant move – direction unknown. As usual, a lot going on throughout the cryptoverse -EOS governance changes a highlight for me this week.

As always, I’ve selected the articles, etc. because I found them enlightening, compelling or challenging in some fashion. I don’t necessarily agree with the sentiments of each Tweet or article but aim to provide a door into the competing narratives that comprise crypto.

Pick of the Week

‘How to Scale Bitcoin‘, by Nic Carter – this article is brimming with insightful

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