Expanse (Bittrex: EXPUSD) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Expanse began a wave one advance in December 2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in March this year. If this wave count is correct, Expanse should be heading next towards the January 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Expanse is an ethereum like smart contract blockchain platform. SavageMine mined the coin in his show back in
So as most of us saw, the price of steem didn’t really participate in the crypto market move earlier in the week.
However, we have seen a turn higher the past couple days which puts price in position to easily shoot up and test the resistance area around 58 cents.
Buyers Come Out and Play Please
He’s the rub though – volume, more so lack thereof. The nice sized green candle we got yesterday came on very light volume and the current daily candle is off to a slow start.
Experience tells me that some volume buyers will need to come in for this
And the drama at Facebook continued on Wednesday when more than 540 million of the records, including account names, comments and likes, were publicly available on Amazon’s cloud servers after they were uploaded by two third-party apps.
Mark Zuckerberg spoke to ABC in an exclusive interview this past Saturday and said regulators should play a “more active role” in establishing rules that govern the internet. Rightfully so, Facebook and the government are discussing a multibillion-dollar fine settlement over the company’s privacy lapses.
And as intenet privacy laws evolve in the US, Zuckerberg said Europe’s GDPR data laws could be a good framework.
Do i post a meme, do i write how i love some song, do i gossip a bit? I dont know. I just know i dont feel productive today.
Its one of those days you just want to grab a cold beer and lay around but are too lazy to go to the supermarket and get one, or 5. When you think about watching a show on Netflix but cant be bothered to scroll through the menus with your remote control.
I just might write this post in increments of 10 minutes… Just watched the Joker trailer on youtube. It looks pretty damn awesome. Joaquin Phoenix looks amazing as the Joker. I hate when something is overhyped before it comes out (ADA @enforcer48 :P) but i have to say that he might be on par with Ledger. Yes, i said it!
Look at that psychotic face. Troubled childhood. Deranged behavior. Awkward demeanor. Beautiful! Give him half a million SP and he will be a twin. (Whoops) haha
What else. Watched a animated show on Netflix yesterday. Its called “Love, death + robots”. The Netflix promo looked awesome, the aesthetics looked awesome. What i didnt know is that the show producers were screwed in the head. lol To keep it short, the show feels like it was made by M. Night Shyamalan on steroids! First episode i watched i was amazed as to how bonkers it was.. The show is absolutely mental. A series of animated 15 minutes shorts with self contained storylines with each being memorable for a unique reason. Directed by Tim Miller (Deadpool) and produced by David Fincher.
What else? Made some vegetable soup, tastes like you would imagine it would. Im really bad at cooking haha.… But at least i didnt add kale. Kale tastes awful, but i have to say something that is indeed a very strange statement to make: It can look awesome when you have a talent for photography. Huh? 😀
I have no idea why this photo attracted me so much, but ive been sneakpeeking it for the last couple days for some strange reason. Tell me this doesnt look gorgeous.
Today, the first EU exchange-traded products (ETPs) will be available to EU investors to buy and sell XRP and Litecoin. Nordic Growth Market is a Stockholm-based firm owned by Boerse Stuttgart, Germany’s second-largest exchange and will give EU investors access to these digital assets through a regulated exchange.
NGM’s deputy CEO Tommy Fransson said: “This is first and foremost a win for investors, especially those in Sweden who have demonstrated such strong support of prior crypto offerings. As an industry, it is important for us to listen, though with caution, to the requests of our investors and respond in kind.”He added:
On 4hr chart, looks like it in no mans land hovering this 5000 zone. Big triangle top still acting as the middle ground for both the bull and bear, one side have to give way next few candle as the consolidation coil, which one will it be ? More bias towards down side to at least retest the 200 MA on daily around 4500~4400 zone. Yesterday candle close off the TD9, possible reversal ahead.
Margin long still higher than shorts.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :115
Total marketcap :176
Dominance :50.4
Bitfinex Margin Long/Short Volume
Relative strength is so important in analyzing bullish and rising markets. Crypto is no different. I am looking st the assets that led us off the bottom which is mainly Litecoin and EOS. Litecoin is the strongest member of the major crypto assets and looking st the chart I have to admit the grind looks ripe.
You can see the igniting bar and constant higher lows and grinding towards highs. I believe you are going to see this back to highs coming out of this small base here.
The trend is your friend, and this is just beginning.
In this report I will look how my analysis worked for the month of February 2019. There were 26 contests in February. I have already paid out all of them. The analysis was correct five times. The analysis was wrong one time. The cryptocurrency was in a range 20 times.
The correct ones were the following:
Crypto Contest February 5: Metronome
Crypto Contest February 8: Ethereum
Crypto Contest February 21: Qtum
Crypto Contest February 23: Tezos
Crypto Contest February 25: Enjin Coin
In these contests the range option won:
Crypto Contest February 3: TenX
Crypto Contest February 4: Metaverse ETP
Crypto Contest February 6: Status Report XXV
Crypto Contest February 7:
More
than a year after the nine-month freeze has ended, the State Administration of Press and Publications (SAPP)published a listof 30 newly licensed foreign online games, including titles
submitted by Tencent, NetEase and
Perfect World.
While
China has been approving games on a fairly
regular basis, there were some concerns that licenses were only being granted to certain genres of games, or based
solely on domestic IP. This new release clearly dispels that risk.
The
SAPP is currently faced with a backlog
of multiple thousand games waiting for approval, and two of the world’s
most popular Battle Royale titles (Fortnite and PUBG) are still waiting to be
cleared for in-game purchases.
Analysis & Comments
As a reminder, I see considerable upside for the Western developers from releasing their IP in China via Tencent and/or NetEase. At the moment I treat this as a free option.
Note that Ubisoft is waiting for approval for Rainbow Six Siege in China. The game is already a hit amongst Chinese gamers playing via Steam, but it is only possible to see considerable monetisation when publishing and marketing with a domestic player (Tencent).
Previous analysis suggests hat if Ubisoft can sell just 1.5-2m units in China for each of its 3-4 games released each year, and Tencent takes a 50% revenue share, I estimate this could add €9 (over 10% of current value) to the base-case valuation.
Activision Blizzard is also hoping to release a Call of Duty mobile game in partnership withTencent.
Three days ago, I wrote about Lyft and the Greenshoe Option
Wall Street Secrets Revealed #7 – The Greenshoe Option
But the Greenshoe option is really a price stabilizer, to ensure that price doesn’t fall below the IPO price. When a company’s stock price falls below the IPO price, the IPO is considered “broken,” the company and investors are disappointed and the lead underwriter suffers reputational damage.So if the company’s stock price breaks or falls below the IPO price, the underwriters will buy shares back from the market at the IPO price, which helps to stabilize the price and also removes shares
