Advanced Micro Devices reported their quarterly earnings Tues. afternoon. Their earnings and revenue beat estimates. They also said their revenue for the second quarter will be in-line with expectations and maintained their full-year earnings guidance thanks you the expected launch of their new 7-nanometer Ryzen, Radeon and EPYC processors in the coming months.
So the news seemed positive, no need to be cautious right, so why are analyst all over the place with their targets? Is it because Intel reported their first annual profit decline since 2015 and said their full-year guidance that was below Wall Street expectations last week.
I did not update my Elliot Waves count since more than a week now, thought it is still valid…In my opinion BITCOIN has completed a 3rd and a 4th wave, very short this last one but, despite the steady volume I believe we can see the resume of the upwards move soon forming the final 5th wave of the bigger order 3rd wave, something like this:
However, Shorts has been increased substantially and this is something that may indicate a sudden drop before this count becomes a reality.
Actually, SHORTS are in the “super” Oversold area of the RSI which has never
Looking at a much larger time frame can give perspective. A fellow crypto investor pointed out the monthly chart on BTC yesterday and I thought it was something worth giving another look.
The Bear Has Been Broken
If you look at the monthly chart of bitcoin in this post, you will see that long-term downtrend has been broken (identified by the blue trendline).
This occurred with the April breakout and now May is looking to be a third month of gains. We shall see how that plays out, but price action does look a whole lot better than just two months ago.
$BYND started trading today and was priced as an IPO at $25 per share by the loony tune bankers. BYND ticker stands for Beyond Meat, Inc. which specializes in meat alternatives such as, for example, plant based burgers. This IPO caught me by surprise but there are many that do. I waited to see what happened….
BYND was priced at 19-22 dollar per share and had a final pricing of $25 each from the big boys. Well now that the big boys are already in, let’s push the price up and see where we can get the public to open this
On 4hr chart, testing 5400 resistance zone, as mentioned possible HS right shoulder in making. Stoch price bear divergence. Margin short continue to build up.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
Network Value to Transactions Ratio :128
Total marketcap :177
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :
Apple is valued at $1 trillion once again after the company’s better-than-expected earnings report that exceeeded Wall Street’s expectations on both the top and bottom lines on Tuesday.
It was only four months ago, Apple suffered its biggest single-day loss in 6 years after cutting revenue guidance. It seems like the beginning of the end for Apple in late 2018 when Apple announced its fourth quarter earnings report, in which Apple announced it would stop reporting individual unit sales and revenue figures for the iPhone.
However, Wall Street is very moody, first you are liked, then you are disliked, then you are
Akamai Technologies provides cloud services for delivering, optimizing, and securing content and business applications over the Internet in the United States and internationally. Akamai’s content delivery network (CDN) has more than 240,000 servers in over 130 countries and within more than 1,700 networks around the world. A CDN allows you and I surf the web, pay bills, watch videos faster…you get the picture. However, to put things in perspective, 85% of the world’s Internet users are within a single “network hop” of an Akamai CDN server.
Akamai Technologies reported their earnings on Wednesday and not only beat expectations, but raised its
No this has nothing to do with conjuring spirits (wouldn’t it be funny if I blogged about this on Medium? ), besides, psychics, mediums etc are a bunch of charlatan frauds who prey on gullibility for profit – much like many scam cryptos out there!
I seldom blog about my favourite crypto, I’m not sure why. Perhaps I subconsciously assume that because I know all about it, so does everyone else. Maybe I should work at actively placing more NEO information into my blog posts, rather than just saying how great it is all the time.
Payments company Square reported its first-quarter earnings today, revealing strong growth in bitcoin sales through its Cash app.
Founded by Twitter co-founder Jack Dorsey, Square reported $65.5 million in bitcoin revenue for the first quarter of 2019. Bitcoin costs, however, are listed at $64.7 million in the unaudited quarterly report, for a bitcoin profit of roughly $832,000.
Those figures top previous all-time highs for Square: The fourth quarter of 2018 saw $52.4 million in bitcoin revenue and $490,000 in profit.
CoinMarketCap, a major source of data about all traded digital currencies, has made a series of announcements to celebrate its sixth birthday today.
As such, CMC has announced a brand new alliance called the Data Accountability & Transparency Alliance (DATA) in order to provide “greater transparency, accountability, and disclosure from projects in the crypto space.”
The central banks of Canada and Singapore have concluded a trial of cross-border payments using blockchain technology and central bank digital currencies.
The Bank of Canada (BoC) and the Monetary Authority of Singapore (MAS) jointly announced Thursday that the successful trial – the first of its kind between two central banks – showed “great potential to increase efficiencies and reduce risks for cross-border payments.”
The effort saw BoC and MAS linking up their respective blockchain projects, Jasper and Ubin, which are built on two different blockchain networks: R3’s Corda and JPMorgan’s Quorum, respectively. The two networks were connected using a technique called hashed time-locked contracts and allowed direct Payment versus Payment (PvP) settlement without the use of an intermediary.
The United States state of Washington has passed a bill that recognizes and protects the legal status of electronic records pertaining to distributed ledgers like blockchains. The bill, substitute senate bill 5638, was signed into effect by Governor Jay Inslee on April 26.
The original version of the bill had its first reading by the Washington state legislature on January 25, 2019. The bill has now passed with 96–1 and will go into effect in late July.
The new law has a clause which prevents discriminating against electronic records which have in some way been part of a distributed ledger:
“An electronic record may not be denied legal effect, validity, or enforceability solely because it is generated, communicated, received, or stored using distributed ledger technology.”
The Shellbot cryptojackingmalware has gone through an update and come out with some new capabilities, technology news website TechCrunch reported on May 1.
Per the report, these findings come from Boston-basedcybersecurity firm Threat Stack. The company claims that Shellbot, which was first discovered in 2005, has received a major update.
The original Shellbot was capable of brute-forcing the credentials of SSH remote access services on Linux servers protected by weak passwords. The malware then minesprivacy-focused monero (XMR). Threat Stack claims that this new-and-improved version is capable of spreading through an infected network and shutting down other miners running on the same machines.
Vano Narimanidze, Horizen country lead of Georgia will be speaking at the International Festival of Cyber Security in Tbilisi, Georgia.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
So exactly like the BTC with its resistance line at 5400$, the STEEM has not been able to go touch its resistance line at 0.39$. This is not a good sign because if we don’t do it, we are doing lower highs which mean that the DROP is not yet finished. Let’s see if we will find the volume and the power to go touch that line and even break it or if the sellers are preparing to be back very soon.