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Month: April 2019

The Crypto Community has Spoken!

April 16, 2019 Published by

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

Crypto Contest April 16: NKN

April 16, 2019 Published by

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))

Funnymentals

NKN is a network connectivity protocol & ecosystem powered by blockchain for an open, decentralized, and shared

Forex $1 MM Challenge – Trade #11 (4-15-19) Sold AUD/CAD

April 16, 2019 Published by

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.

Monthly Chart (Curve Time Frame) – monthly

Can I Get A $LYFT ?

April 16, 2019 Published by

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

French government FOMO’s into crypto!! Biggest news all year

April 16, 2019 Published by

French Minister of Economy and Finance Bruno Le Maire is going all-in into blockchain. At the opening of the Paris Blockchain Week he disclosed that he is a great believer in the technology and wants to make France a global leader in it. The French government wants to create a blockchain-friendly ecosystem and is going to actively work on stimulating the sector domestically. Le Maire also called on other international leaders to follow in France’s suit.

France is the first big nation to FOMO in!

His speech today was covered by some media, but nobody seems to have taken the time

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At the limit of the Market sustainability

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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.

April 15, 2019 (updated April 15, 2019) Published by

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.

https://twitter.com/i/status/1117848909877895171

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.

https://www.facebook.com/index.hr/videos/392674181585581/

The Crypto Market Cap Pullback After an Obvious Hitting Resistance Level

April 15, 2019 Published by

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

April 15, 2019 Published by

“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

April 15, 2019 Published by

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 :

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