BITCOIN – 12 May

News: (Current) | (Upcoming)
Short term moving average (day candle) :
Network Value to Transactions Ratio :
Total marketcap :
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Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

Intermarket Relative Strength Analysis Report For The Week Starting 5/12/19

Instead of looking at financial markets or asset classes on an individual basis, intermarket analysis looks at several strongly correlated markets or asset classes, such as stocks, bonds and commodities. This type of analysis expands on simply looking at each individual market or asset in isolation by also looking at other markets or assets that have a strong relationship to the market or asset being considered.

The US economy is still the largest in the world and the US dollar is still the most powerful currency in the world.  Over half of all foreign currency reserves in the world are in

BTC Hitting our Price Targets and Testing 6800 for Support

It has been quite the ride for BTC the past few days.  Upside targets of 6,800 and 7,400 were both hit before seeing a pullback to the first level.
Reformulate the Plan
Now that the above items occurred it’s time to review and know what to look for next.
Looking at the chart in this post you can see that 6,800 prior support came into play on today’s pullback and price proceeded to bounce right off of it.
That is a bullish piece of price action as attempt number one to recognize that as a support level succeeded.
Going forward this is the downside level

Cryptocurrency Relative Strength Analysis Report For Week Starting 5/12/19

When you think about Cryptocurrencies,
one name immediately comes to mind, Bitcoin. 
Since the creation of Bitcoin, there has only ever been one
cryptocurrency at the top of the market cap rankings…Bitcoin. 

When the price of Bitcoin rises, generally you can expect altcoin prices to rise with it. Likewise, when the Bitcoin price drops, altcoins also follow.  And sometimes when Bitcoin is rising, the altcoins are declining due to cash moving from the altcoins to Bitcoin and vice versa.

Source Image

Bitcoin dominance is used to measure the percentage of the cryptocurrency market that can be attributed to Bitcoin.  Thus, it’s very easy to determine

SPDR Sector Relative Strength Analysis Report For Week Starting 5/13/19

Sector rotation is the action of shifting investment assets from one sector to another to take advantage of cyclical trends in the overall economy in an attempt to beat the market.  Sector rotation seeks to capitalize on the theory that not all sectors of the economy perform well at the same time because sectors of the stock market perform differently during the phases of the economic and market cycle.

For example, defensive
sectors such as consumer staples, utility and health care stocks tend to
outperform during a recessionary phase, while consumer discretionary and tech
stocks tend to fare well during early expansions.

When you trade,

Building Minnows: SBI Sponsoring [W2]

This week has been a weird one. I did not find new steemians to follow, however it is true I couldn’t dedicate my time this week on a more intensive research.

I am really satisfied for having found @mrhill last week, he is posting almost every day and from time to time he writes very good stuff about Running topics as for instance this one .

Normally, I like to do my own research in the quest to find new steemians to follow, in particular I am interested on those good content creators that would need some help to grow up and build their account at least till the Minnow’s level, if you know someone who deserves to be supported, please let me know…

SBI Sponsoring

This week, besides @mrhill, I am going to sponsor @javirid and @pandorasbox with @steembasicincome shares.

About the first I already spoke about.

About @javirid I would say that, he is one of the more original steemians I met. He used to write short posts, usually in spanish despite his english language skills are outstanding. He is not the typical “spammer”, he really writes what he feels, no matter the topic or the discussion and I really appreciate his honesty, opinion and help provided in many occasions. Additionally, he is always supportive in STEEM technical aspects, as Witnessing, Coding, Development… I would like to see @javirid reaching Minnows-land and beyond in short…

What to tell you about @pandorasbox ? @pandorasbox is a MUST BE FOLLOWED steemian. Why? Simply read the following posts and have a look to her blog:

Bull market confirmed – From now on it is time to BTFD!

Bitcoin: Is this a Sucker’s Rally or Denial? ? Yes, I’m still here! Read all about where I went and why I’m back ?‍♀️

And that’s all for this week folks!

Steem on.


Crypto Contest May 12: Cosmos

Cosmos (Kraken: ATOMUSD) has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of (log scale))

Elliott Wave Analysis

In Elliott Wave terms, ATOM began a wave one advance on April 24. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 5, and the red wave two (blue sub-waves a-b-c) correction ended on May 9. If this wave count is correct, ATOM should be heading next towards the May 5 peak in the red wave three.

(Chart courtesy of (log scale))


The Cosmos network is a decentralized network of independent, scalable, and interoperable blockchains. You can watch the launch event

Zayo…Potential Buyout Coming By Mid-March – Part 2

Zayo Group Holdings, Inc. (ZAYO) through its subsidiaries, provides bandwidth infrastructure solutions for the communications industry in the U.S., Canada and Europe.   Customers include wireless and wireline carriers, media and content companies and finance, healthcare and other large enterprises.

Earlier this year I wrote a post about Zayo jumping almost 10% after Bloomberg reported that talks were heating up between Google and CenturyLink to buy Zayo and when news hit the wire, the Smart Money has been buying up all the call options they can in Feb and Mar, thinking the buyout will occur by mid-March.

Zayo…Potential Buyout Coming By Mid-March

Since I

Bitcoin Hits 6000 and…goes on the 7000… ?

Bitcoin is not trading above the 7000 level and topped out at over 7300. We have been calling this for months and with the relative strength of EOS and LTC, the big boy has arrived to the party. What. A. Move. The Bulls are back baby, and the shorts are running for the hills…

I have been talking about the 6000 level for a while now and I said I doubt we blow right through it…well We did lmao. Good news for the bulls.

The ole Hack and Rally paid off and squeezed the shorts. I am long crypto, and still