Litecoin Still Trading Like a Champ!

The price action of Litecoin of late has been solid.  Basically it has held the levels it needs to hold to have the full bullish designation remain intact.
Another moment of truth
Right now LTC is testing the 108 area that it breach a few days back.  After breaking though a level a successful test is actually desired and bullish.   It also makes for a more orderly move.
So that is where price is right now.  The question is will it succeed.  So far it is holding in steady but that doesn’t guarantee it will continue to do so.
The good news is this

DowDuPoint…Guilty By Association

The threat of a global slowdown looms, due mostly to tough trade negotiations between the U.S. and China. And as usual, markets price stocks with the forward valuations in mind.Already, resource stocks are down in anticipation of slower economic activity ahead. Some companies tried to head off the decline in stockholder value by splitting up their units to realize the value of the parts. DowDuPont (DWDP – Get Report) split off Dow on April 1 but its shares keep falling.DowDuPont dipped suddenly in the last month, potentially due to nervousness over the reverse share split. More likely, markets are over-reacting

Bitcoin Technical Analysis: Bulls Defending Support

Bitcoin dropped over $1,100 yesterday in under 8 hours. Price wicked below the $8,150 support, but bulls quickly stepped in to play defense. It’s now trading around $8,400 on Coinbase.

The daily RSI has developed an ascending support line that’s been respected since December of last year. If this support holds, it may signal the bulls have enough strength to test $9,000 again.

In today’s video I discuss market psychology. We’ll try to make sense of the beautiful madness that is bitcoin, give you key areas to watch and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see

How to Track the Real Estate Market and Shift if Needed

Markets are ever changing and that is no different for real estate.  Though there is the broader real estate market the localized markets within it have their own character too. Keeping a gauge on both is key to knowing when to shift.
What worked for the past five years may not work anymore.   Think about anyone that was buying Bank REO’s (bank owned foreclosures) from 2011-2016 – those layups are gone.  There isn’t more supply than demand anymore and banks are listing these near fair market value.
That is a very specific example of when an adjustment needs to be made, some

BITCOIN – 31 May

On 4hr chart, testing the SR zone of 8300. Possible to slide some more towards the channel bottom around 7900 zone. On daily chart, possible HS, neckline could be around 7300 near closing or the shadow lows around 6500 which is about the big channel breakout previously.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :122
Total marketcap :262
Dominance :56.1
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

BTC Patterns: How to Analyse Properly

We have all seen long-term Bitcoin charts with repetitive cycle overlays on them. I have published a fair share of them myself. Charts such as this:

I like patterns as much as the next guy does, in fact – I base a lot of predictions on repeating patterns. But I have a problem.

Right now BTC is not adhering nicely to any of my patterns. It started climbing hard in April, three months too early by my calculations, and now it just keeps on climbing! Every time I expect a 20-35% retracement, BTC laughs at me and adds another $1000 to its

Ag Analysis Report – 4/21/19…Is Corn Forming A Bottom??? – Part 2

I last wrote about Corn a little over a month ago,

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

Despite China considering a U.S. request to shift some tariffs on key agricultural goods, despite price forming lower highs and lower lows, price was respecting short and longer term up trendlines.

In a record-breaking wet spring, flooding in key farming regions has caused unprecedented delays to planting, causing lower-than-expected inventory levels. In corn, 58% of the intended planting has been done, compared with 90% at this point historically. “Now the market’s in a situation where you’re going to have very low

Crypto Contest May 31: EduCoin

EduCoin (Huobi: EDUBTC) 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, EduCoin began a wave one advance on January 26. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 8, and the red wave two (blue sub-waves a-b-c) correction ended on May 15. If this wave count is correct, EduCoin should be heading next towards the April 8 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

The EduCoin platform is designed to be a blockchain-based decentralized global education service platform. You can view their development plan below.

(Sources:

🗞 Daily Crypto News, May, 31st💰

  • Coinbase Now Supports Cryptocurrency Token EOS ;
  • Project Libra: Everything We Know About Facebook’s Cryptocurrency ;
  • How MakerDAO Works ;
  • What to Expect at the SEC’s Blockchain Forum on Friday ;
  • State Farm and USAA Test Blockchain Platform for Insurance Claims Process ;
  • 📑 Daily Crypto Calendar, May, 31st💰
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 Coinbase Now Supports Cryptocurrency Token EOS

Major United States-based cryptocurrency exchange and wallet service Coinbase has added support for EOS, according to a press release on May 30.


The new addition is reportedly available for trading and storage in most areas covered by Coinbase, with the exception of the United Kingdom and New York at press time.


The announcement also notes that there are no transaction fees associated with EOS; the cost is instead paid in computing resources, such as a tax on RAM, CPUs, or network bandwidth. Users that run the network also earn EOS by contributing to the computational power needed to run transactions.

🗞 Project Libra: Everything We Know About Facebook’s Cryptocurrency

The world’s biggest social media company appears dead-set on launching its own cryptocurrency.


Facebook has yet to announce plans publicly but media reports on its crypto ambitions have emerged over the past six months, painting a partial picture of how the social network wants to capitalize on blockchain technology.


In short, a team led by former PayPal president David Marcus is building an asset-backed cryptocurrency, one designed to operate within the company’s existing messaging infrastructure (WhatsApp, Instagram and Facebook Messenger).


The most recent news on the project comes from the BBC, with the British outlet reporting that the cryptocurrency – called “GlobalCoin” internally – will launch in “about a dozen countries by the first quarter of 2020.”

December 2017

August 2018

December 2018

February 2019

April 2019

May 2019

🗞 How MakerDAO Works

🗞 What to Expect at the SEC’s Blockchain Forum on Friday

At a fraught moment for government-industry relations, U.S. regulators and cryptocurrency insiders are sitting down for a meeting.


The Securities and Exchange Commission (SEC) will convene its first FinTech Forum Friday at the agency’s headquarters in Washington, D.C., discussing a range of issues related to digital assets and distributed ledger technology (DLT). The speaker roster includes a dozen legal, financial and technical experts, as well as several key SEC officials.


Yet while some see an opportunity to air the industry’s concerns and get a better understanding of the SEC’s perspective, the forum comes at a time when some major crypto firms are taking a more aggressive tack.


“If you’re unhappy with bitcoin culture, sorry, you’re the problem. Bitcoin is better off without you—you’re not cut out for the challenges ahead. You’re not good under pressure, you’re too sensitive, and you lack conviction.”

Most notably, crypto startup Circle said this month it had laid off 30 of its employees, blaming “an increasingly restrictive regulatory climate in the United States” as one factor.

🗞 State Farm and USAA Test Blockchain Platform for Insurance Claims Process

United States insurance giant State Farm and military-affiliated bank United Services Automobile Association (USAA) are testing a blockchain-based subrogation solution with real claims data. State Farm announced the development in an official press release on May 30.


The two insurance titans are using blockchain technology to automate and streamline the subrogation process in insurance claims.


The platform purportedly allows them to automatically compile total payments, net the balance, and conduct a regularly scheduled payment between insurers. State Farm states that the blockchain solution is being tested with real claims data.

📑 Daily Crypto Calendar, May, 31st💰

“We have a mainnet release expected for May with the AVM and everything is looking good with that.”

“We will enable smart contracts on the mainnet… and share updates on the official date during the latter half of May 2019.”

Instant Cryptocurrency Exchanges.

DAO radio ( on ETH blockchain, people can vote the radio ).

“We will have 6 Minor Releases in 2019; one each in February, March, May, June, August, and October.”

Hydrogen platform will release Hydro Pay and TIDE whitepaper by end of May.

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

Today, we continued to test the resistance line at 0.43$ but we haven’t been able to stay upper and close a candle on that level. The correction is now starting and we already break 2 support line and we are now under 0.39$. Next support line is at 0.34$ so let’s hope this one will hold us.

image.png

Last Updates

Join this new Free To Play on the STEEM Platform !

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