Bitfinex and Tether spoiled the crypto party or did they? A few months ago, negative news like this would have tanked the market. For the moment, short-term sentiment remains reasonably positive. If you hold funds on Bitfinex or Tether please read this post (super short review -don’t). Otherwise, it’s been another busy week in crypto. In the interest of balance, I’ve taken a somewhat contrarian road with multiple posts highlighting possible issues with both Binance and the Lightning Network. I’ve also included a couple of infographics that show Ethereum in a very positive light when compared with similar metrics for
Day: April 27, 2019
Without so much time for writing today, so, short post here.
Symmetrical triangle formation on BINANCE, 4 hours chart:
Volume keeps being constant awhile Stochastic RSI on the daily chart indicates a good moment for buyers.
Every time Stochastic touches the lower limit there is a good jump upwards:
Price action is coming to BINANCE again and if we consider the historical data we have from the last three months the direction of the price movement must be upwards.
Target 28 USDT.
Stop Loss placed at 21.2 USDT.
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this
On 4hr chart, looks like the candles are clinging on to the channel bottom. Possible TD9 again going TD13 next week on weekly candle, may even play out the previous mentioned possible move of testing 200 MA on daily then dip below like in 2015. Possible reversal move to test big symmetrical triangle bottom around 3800-4000 depending on how fast it drop.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
Network Value to Transactions Ratio :128
Total marketcap :171
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :
The Free Republic of Liberland, a sovereign nation founded on 13th April 2015, seeks to build an open source government that will maximize the freedom of its citizens.
To that end, the country is building a Decentralized Autonomous Government (DAG). This concept is an attempt to combine the best elements of a republic, democracy, meritocracy and decentralized autonomous organizations.
To implement DAG, an operating system had to be selected. After heavy research on various blockchain platforms, it was decided for a new and personalized chain to be built based on EOS.IO software. Liberland president Vít Jedlička explains the decision:
“We have chosen EOS.IO because it’s a top-rated technology and it provides a lot of the features necessary to run country management on a blockchain. For example, it will allow us to have our national assembly, judiciary and even company registrations in one integrated system that can evolve over time.”
Other factors that contributed to the decision to use EOS.IO were:
· EOS is the first governed blockchain to go live. The main network was launched in June 2018, and the community has been proving its capability by expanding in many different use cases.
· The statistics of the EOS mainnet showed high performance, scalability and growing adoption.
A New Partnership
To advise us on the use of blockchain technology and build the necessary tools to implement Liberland’s DAG, we are pleased to announce a collaboration with the independent tech collective, Ghostbusters.
Ghostbusters shares Liberland’s core values and are motivated towards the same higher purpose. They are also well-known in the EOS community for maintaining technical soundness of the EOS mainnet as well as sister-chains and participating in significant projects for EOS adoption.
Vahid Toosi, Presidential Advisor, and member of Ghostbusters, states the importance of blockchain for Liberland:
“Cryptocurrencies or blockchains or distributed ledgers, whatever you choose to call them, are not necessarily here to take us to the moon in terms of financial gains, they are here to actually change the fundamentals on how the Internet is built.
[…] Liberland is building its whole fundamentals on blockchain, the backbone of the country. And that’s where the Ghostbusters come in. Functions and tools such as voting, government expenditures, passport and company registry will be run on the blockchain, of course without risking the privacy of the citizens. For Liberland, blockchain is not just a ‘nice-to-have’, it’s a ‘must-have’. It avoids seeing history repeat itself when it comes to corruption or unfair treatment but also efficiency gains that comes with fully digitalized systems. Our work here could provide insight on how other countries can apply blockchain in the future and benefit from our system.
“Launching Liberland’s DAG is a challenge, and we might encounter various issues along the way. However, with talented partners who share the same vision, we can establish solid foundations of decentralized governance,” states President Vít Jedlička.
The Free Republic of Liberland welcomes all members of the EOS community and other blockchain projects to participate in building a true decentralized and free country.
Hopefully, our experiment will have a positive impact on various societies with different cultural backgrounds. Thank you for supporting us – we appreciate your trust, participation, and feedback!
More elaborate press release to follow regarding timeline and the objectives with the DAG.
Republic of Liberland is a sovereign state located between Croatia and
Serbia. President Vit Jedlicka is the founder and elected head of state.
With its core elements of direct democracy, Liberland is a
constitutional republic which has been gaining global recognition since
its proclamation on April 13, 2015.
Official Liberland information: https://liberland.org/
Liberland press: https://liberlandpress.com/
EOS.IO is an open-source blockchain software protocol promising scalability, flexibility, and usability. Developed by the software publisher Block.one, it has been expanding its community and actual usage in a global scale.
For more information, visit the developer portal at eos.io
Block.one official website: https://block.one/
Ghostbusters is an independent tech collective that believes in a decentralized future. They have been actively working together on various projects since they started their collaboration on EOSIO first community testnet.
To find out more about Ghostbusters, visit https://ghostbustersx.io/
Disney has been making a lot of noise as of late. Since announcing Disney+, schedule to launch in the Fall, the stock has been a tear, up almost 20% since the announcement.
Disney is forecasting between 60 million and 90 million subscribers to its streaming service within five years. According to a survey by the website Streaming Observer in partnership with data analysis firm Mindnet Analytics, ss much as 14.5% of Netflix’s current U.S. subscriber base of 60 million said they are considering canceling the service in order to sign up for Disney+. Subscribers to all of Disney’s services would get
TIMM (Traders’ & Investors’ Mentor Market) provides the tools analysts need to share their insights in a central location, TIMM becomes a market where traders and investors can shop for the insights they’re looking for.The Trading Pits are, in some ways, the main meeting place for TIMM. Here you will see folks sharing insights and asking questions about markets.
Commentary from this past week includes:
Went long on the Dow futures, price nearly hit target…pulling back a bit.
Dow futures approaching a 60 min supply zone.
Oil continues to push higher.
4 hr supply on gasoline futures
SwftCoin (Huobi: SWFTCBTC) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, SwftCoin began a wave one advance on December 10, 2018. The red wave one finished on January 8 this year, and the red wave two correction ended on March 9. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on April 7, and the red wave four correction ended on April 24. If this wave count is correct, SwftCoin should be heading next towards the April 7 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Hello dear Steemians,
I am off to Belgrade, Serbia for the weekend. We are having a weekend to celebrate a good friend of mine getting married !
I’ll catch up with the crazy CryptoWorld and all of you beginning of next Week.
If you want to follow my adventures through pictures, follow my account: @lemon-shot (on @appics it even looks better :D).
Intel reported first-quarter earnings report Thursday. They beat the estimates for the quarter, but reported their first annual profit decline since 2015. In addition, their full-year guidance that was below Wall Street expectations.
Data-center revenue, Intel’s second largest segment, not only declined more than expected for the first quarter, down 6% to $4.9 billion when analysts were expecting a 2.5% decline to $5.1 billion, but also the company forecast flat data-center sales on a sequential basis. Analysts had been forecasting data-center sales of $5.58 billion for the second quarter.Jefferies analyst Mark Lipacis, who has an underperform rating and a $40