Now I could be all professional trader about this or I could just say ‘BOOM’. Let’s go with BOOM! BTC tearing up the technical analysis playbook. Long established support/resistance 6300-6600 has been brushed aside – with price sitting above 7000. The Alts have also finally decided to come along for a ride. The coming weeks will certainly be volatile!
Following and investing in crypto is rarely uneventful. Binance the hitherto fore ‘paragon of exchange excellence’ got itself hacked to the tune of $40 million (7000 BTC). Bitcoin promptly dropped $250 and then rallied. Bad news seems to be pushed aside these
As one of the more pessimistic analysts out there, the recent rise in Bitcoin has finally convinced me that the bear market is over. If that’s not an indicator for you, I don’t know what is! With a change in the market, comes a change in strategy. From now on, it is time to Buy The Fucking Dip (BTFD)!
Crypto spring has begun
If you’ve following my blog then you know that I have been one of the more pessimistic commentators out there. Having suffered through a crypto-winter before I became very cautious in calling the end of the bear market this
Some of the world’s currencies are accepted for most international transactions. The most popular currencies are accepted for most international transactions are the U.S. dollar, the euro, and the yen. However, the U.S. dollar is the most popular. And in the foreign exchange market 90 of forex trading involves the U.S. dollar. Thus, when assessing the relative strength of the most popular currencies in the world, it’s always against the U.S. dollar, using the daily time frame chart.
The “major” forex currency pairs are the major countries that are paired with the U.S. dollar (the nicknames of the majors are in
I almost have forgotten how exciting was the Crypto market till this morning while watching BITCOIN reaching 7000 USD I really get shocked.
Honestly I was not expecting such an accelerated growth. I was prepared to find resistance till 6200 USD but I never thought would be so easy for BITCOIN to break it.
To tell you the truth I am feeling excited while worried at the same time :-)…Excited because finally we reached a significant milestone which is the “balcony” from which the whole market fell down abruptly on November.
Worried because it seems to me an unsustainable rise, frankly speaking… I
On 4hr chart, btc just keep breaking the resistance as mentioned previously fuel by possible short squeeze. Might push even further to 7200 zone maybe it might just break it easily heading to 10,000.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
Network Value to Transactions Ratio : 116
Total marketcap : 208
Dominance : 58
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :
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Commentary from this past week includes:
S&P 500 futures fills the daily gap.
Nasdaq futures finally found some bids.
Gold sitting between 60 min zones, play the extremes.
Gasoline sitting in a daily demand zone, but may not hold since oil isn’t
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Wollo (Bitfinex: WLOUSD) 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, Wollo began a wave one advance on December 28, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on February 1, 2019, and the red wave two (blue sub-waves a-b-c) correction ended on April 12. If this wave count is correct, Wollo should be heading next towards the February peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Wollo is a digital currency designed to help kids learn the principles of money, safely and securely with
Stamps.com Inc. provides Internet-based mailing and shipping solutions in the United States fall 56.4% to $86.31 on Friday after the online shipping and postage company said its key partnership with the U.S. Postal Service has ended.
Stamps.com No Longer Sticking
Yesterday, they almost topped that performance, I should say lack of performance when the stock fell 55% after announcing their first quarter earnings and lowered guidance for 2019. The numbers caught investors off guard, but the CEO, Ken McBride insisted the numbers were “in line with our expectations in light of our new strategic direction.”
Few days back I played devil’s advocate with the price of bitcoin. Throwing out the idea that maybe, just maybe it would fail around 6k since everyone and their brother was positive it was going to breach it.
Higher and higher she goes…
Price is currently trading near $6,400 and has been up three straight days. The new daily candle just kicked off and the buyers still seem to be out.
So where does it go?
Looking at the chart you can see we have a level around 6,750, thus that would be the next upside target I’m keeping my eye on.
However, we could