I have been bullish crypto pretty much all of 2019 and I am even more bullish today. Every day another ALT coin is breaking higher out of the rounding bottom and the news is ignoring. This is GREAT NEWS (lol) actually. Below you can see both Monero and Zcash breaking up to new highs.
Bitcoin is next folks. Just look at this rounding bottom. I love finding these and the media not talking about it. Strap on the seat belts boys and girls!
Long and Strong…
Again we are in another decisive moment, BITCOIN is reaching the latest High around 4200 USD.
Everyone
is focused on this level since it represents the expected moment to
tackle with in order to know if the market is under the power of BULLS
or still under the domination of the BEARS.
Two options
can be predicted as more likely among others, one for each one of the
“fighters” however, what I see here is, anyway, a Positive reading of
the market today.
1st Option, for longs:
After having touched the bottom, BITCOIN has completed 2 Waves and is building the 3rd up:
On this
Still on track for the possible big ascending triangle with baseline around 4250~4400 zone. Likely to close up the gap towards the 200 day moving average when it test this triangle top resistance and consolidate for awhile.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :117
Total marketcap :145
Dominance :50.1
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :
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Zero-sum is a situation in game theory in which one person’s gain is equivalent to another’s loss, so the net change in wealth or benefit is zero. A zero-sum game may have as few as two players, or millions of participants.Zero-sum games are found in game theory, but are less common than non-zero sum games. Poker and gambling are popular examples of zero-sum games since the sum of the amounts won by some players equals the combined losses of the others. Games like chess and tennis, where there is one winner and one loser, are also zero-sum games. In the
I posted about the Banks one week ago,
The Bank Stocks Aren’t Fine
The US Fed held the target for the benchmark rate steady at 2.25% to 2.50%. Fed Powell indicated no rate hikes 2019. With rates potentially at their peak for this cycle and future GDP projections declining slashed, this recipe could spell trouble for the bank stocks. Typically, financial entities like banks, insurance companies, brokerage firm generally benefit from higher interest rates. Increases in interest rates, mean the economy is doing good. Banks make loans to borrowers at a higher rate than non-performing assets such as savings accounts and
Centralized exchanges getting hacked isnt something new or unexpected.
But this exchange is one of those that account for a lot of STEEM trading volume. Most of the volume is probably fake and coinmarket cap doesnt even acknowledge it, but still, its there. 😀
So how much was stolen?
Some sources say 20 million USD. A hefty sum. The funds were moved to another exchange so they could potentially be frozen and returned to the rightful owner.
I dont have the live news on whats happening, im just retelling the story. lol
The difference between this hacking and the prior ones is that apparently most of the user funds were safe in cold wallets so hackers couldnt get to them. What was stolen is the exchange funds and the suspicion is that it was an inside job. Bithumb claims that they have a good protection against outside attacks but admit to a poor employee vetting process and poor security inside the exchange..
What does this mean for the end user?
Your keys, your STEEM. Not your keys, not your STEEM.
Crypto.com Chain (Bittrex: CROBTC) 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, CRO began a wave one advance on March 7. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on March 15, and the red wave two (blue sub-waves a-b-c) correction could have ended today. If this wave count is correct, CRO should be heading next towards the March 15 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Crypto.com Chain is a native blockchain solution, which makes the transaction flows between crypto users and merchants accepting
After a general climb of nearly eight weeks, Bitcoin has finally reached the “GO / NO GO” point.
A “GO” situation means that BTC will break free from the current pattern – a converging triangle – and reach new 2019 highs. This would be the real beginning of the next bull market.
A “NO GO” situation means that BTC will bounce off resistance in the $4150 to $4200 region and return to lower levels of between $3720 and $3600.
On the charts below, the white lines are the upper and lower borders of the tapering triangle. The yellow lines are previous price movements
Sunday, March 31 — the top 20 cryptocurrencies are reporting mixed, mostly mild, price movements on the day by press time, as Bitcoin (BTC) reaches just over $4,100.
The most popular social media platform in Russia, VKontakte (VK), is considering developing its own cryptocurrency, local news outlet RNS reported on March 28.
Per the report, an unspecified person familiar with the company’s plans told the outlet that the project involves the creation of individual cryptocurrency accounts for all the users of the platform. Still, the article also claims that the firm has not yet made a final decision about whether or not to launch the coin.
According to the report, RNS has obtained a presentation from the VK that shows how one of the ways users would be able to obtain the firm’s tokens is in exchange for their activeness and time spent on the platform. According to the article, the coins earned this way could be accumulated, transferred between users, exchanged for goods and converted (presumably to fiat currency) via VK Pay.
South Korean crypto exchange Bithumb has had around $13 million in the EOS cryptocurrency stolen in a hack it suspects was an insider job.
The company confirmed in statement on Saturday that it first spotted an “abnormal withdrawal” of the cryptocurrency through its monitoring system at 22:00 Korean time (13:00 UTC) on Friday, March 29.
The exchange suspended asset withdrawals and deposits on the platform after noticing the breach.
Bithumb stated:
“All the [stolen] cryptocurrency is owned by the company, and all members’ assets are under the protection of a cold wallet.”
Under pressure for being months behind schedule, the Central Bank of Iran finally published a draft framework on the legality of cryptocurrencies in late January and welcomed feedback.
While some see the totality of the framework as a step forward, most members of the burgeoning local crypto community are unhappy with much of the specifics. They feel that the framework could severely restrict people and businesses operating in the fast-growing field if it is implemented in its current form.
Among other things, the framework proposes banning the use of global cryptocurrencies and various tokens as methods of domestic payment; requires cryptocurrency exchanges to obtain permits, therefore opening a new avenue for rent-seeking in a country that has already too much of it; and uses the word “forbidden” a lot, which could entail the threat of criminal prosecution.
About $118 million has been raised via initial coin offerings (ICOs) in Q1 of 2019, over 58 times less than $6.9 billion, the amount raised during the same period in 2018, the Wall Street Journal (WSJ) reports on March 31.
The report cites data provided by ICO analytics website TokenData. The WSJ argues that investors have been scared off by regulators’ actions against non-compliant ICOs, as well as by the general bear market over the past year.
One of the latest cases happened in February, when the United States Securities and Exchange Commission (SEC) charged crypto firm Gladius Network with selling unregistered securities after the company self-reported to the commission.
First version of the BTT live product launches in BitTorrent by end of Q1 2019.
“CFT starts trading on the 1st of April, at 4 PM Singapore time.”
Genesis (GENX) maturity-based masternodes go active on block 325,000. This is expected to occur on April 1.
“Decentralized exchange integrated into wallet”
QLC holds Reddit AMA at 2 PM (UTC) following mainnet launch.
Here is the chart of yesterday :
Here is the current chart :
After the touch on the support line at 0.43$ yesterday we started a nice bounce in direction of the resistance line at 0.49$. To my opinion, the Break Out that we will have soon on the BTC will
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