The Sunday Recap – Down the Rabbit Hole 27

The market’s lively with Bitcoin forging new 2019 highs. Sentient seems broadly positive but Bitfinex and Tether issues still lurk in the background.

A quick glance below will show that there are a lot of articles this week. I’ve edited and edited but more just kept pushing their way on. Rex finally rolling out was the stand-out event but as usual, there were many interesting facets of crypto to dig into throughout the week.

As always, I’ve selected the articles, etc. because I found them enlightening, compelling or challenging in some fashion. I don’t necessarily agree with the sentiments of each Tweet

BITCOIN – 4 May

On 4hr chart, looking like it’s trying hard on the channel top.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :118
Total marketcap :
Dominance :
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

My TIMM Trading Pit Commentary – Wk Of 4/29/19

TIMM (Traders’ & Investors’ Mentor Market) provides the tools analysts need to share their insights in a central location, TIMM becomes a market where traders and investors can shop for the insights they’re looking for.The Trading Pits are, in some ways, the main meeting place for TIMM. Here you will see folks sharing insights and asking questions about markets.

Commentary from this past week includes:

Stopped out on Dow futures trade, got back in, was up 100 ticks, got out of trade after I saw price break down again, escape today at breakeven plus commission.

Went long on Dow futures, breaking several of

Passed 10k stake on Whaleshares. // Might as well share. :)

Image result for milestone funny

So yeah. Theres that…. Now you know, might as well end this post right now.

Nah.. Thatd be cheap.

I think i did the 5000 Whalestake post less then 2 months ago. Didnt really take that much to double my stake. I think i was pretty consistent getting 1300 Stake every 2 weeks.
Lately i started posting quite a bit less due to time constraints and im sad to say that as summer keeps closing in ill be posting less and less.
Summer is B to the W for me so im not sure how motivated i will be to post as often.

What i think i will do is maybe start making videos. Have some fun with it. Record myself on the open sea catching fish with dynamite, grab a pint and talk about some crap. Not the targeted STEEM based crypto nonsense… Just random crap. How Ronaldo gets pedicures and G.R.R Martin is a secret pothead.

Ugh. I wish i was remotely funny irl as i can be in text. Doesnt translate. <cry emoji>

So yeah, again….

Im above 10k on Whaleshares.
Whaleshares is great.
There are some great folks there.
I try and spread 100% votes to my whole feed as often as i can.
The devs there/here (where ever you read this post) seem great and hard working.
Im glad they are embracing other chains as well and im hopeful for the future.

The price right now isnt great but that is to be expected with such a small market meaning that anyone can basically manipulate the price which is the reason why the price is so low. But it can also work the other way. Someone with only a couple thousand USD could change it all up.
Hoping to see the big Whaleshares change soon and a listing on a few exchanges. 🙂

And there you have it folks.


The arbitrary milestone announcement. The arbitrary joke. The arbitrary platform praise. The arbitrary thoughts.

And here the arbitrary:

Keep on!

Currency Analysis Report 5/4/19 – Does The US Dollar Have More Upside???

This morning brought the release of April Non-Farm Payroll numbers out of the US, and while the headline number was fairly strong, the internals were questionable. The US economy added +263k jobs in the month of April, blowing by the expectation for +190k to have been added. Also in the positive column was the unemployment rate, which sunk to a fresh 50-year low, printing at 3.6% versus the expectation of 3.8%. But – the question marks around inflation in the US economy remain as Average Hourly Earnings missed expectations, coming in at an annualized 3.2% versus the expectation for 3.3%;

$TWTR Closes on Weekly Highs

It doesn’t get much more bullish than this folks. I have been a believer in twitter for over 9 years and have accumulated over 18.7k tweets. The setup was finally there before earnings and the chips were on the table Now we let it ride. 45 is the first stop and then all time highs. Once twitter introduces crypto somehow to the platform this thing goes parabolic during the next crypto bull run IMO.

Universal Display Corp Ignores The Downgrade

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in flat panel displays and solid-state lighting applications.

OLED uses an organic substance that glows when an electric current is introduced. The material reduces the thickness and weight of the devices, creating an ultra-thin, sleek form and superior color reproduction.

On Monday OLED was downgraded by Susquehanna Financial Group’s analyst Mehdi Hosseini. Hosseini argued that “the best case (cash) earnings scenario (of high single digit $/share) is now dialed into the share price” following the big run-up.” 

Crypto Contest May 4: Cred

Cred (Huobi: LBAETH) 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, Cred began a wave one advance on February 19. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 24, and the red wave two (blue sub-waves a-b-c) correction ended on May 3. If this wave count is correct, Cred should be heading next towards the April 24 peak in the red wave three.

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

Funnymentals

With Cred you can save your crypto assets, earn interest and borrow. There are more details in the official

Bitcoin Technical Analysis: My Long Rant

In my last update, price was sitting just below the $5,350 resistance. I discussed the possibility of a short squeeze, saying should that happen, $5,800 is the likely target. Today we did see an attempt to liquidate shorts as price pushed above the $5,350 and $5,600 resistance, hitting the $5,800 target almost to the dollar.

Even with a $450 rise, shorts remain stacked and stubborn. This leads me to believe we may test $6,000 (and possibly wick above it) to try and liquidate short positions before seeing a larger correction. Daily volume is approaching $20 billion.

Todays analysis is a bit longer

Currency Analysis Report 5-3-19…Is Brexit Back On???

Pound Sterling is the week’s best performing currency with a poor performance by Labour and the Conservatives in local elections likely to spur the two sides towards agreeing a Brexit deal as they seek to lance the boil that is Brexit.

Out of no where, the
British Pound rocketed llate on Friday afternoon following comments from Labour
leader Jeremy Corbyn that a deal on leaving the EU must be decided by the UK
parliament soon.  Jeremy went on to say lawmakers
had to find a way to get a deal done to leave the EU.

If local parities, the Labour
and the Conservatives could agree on a

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