Facebook’s Coin Will Be Great For Steem

The rumors concerning Facebook’s reported development of its cryptocurrency are back, along with financial details. Per a Wall Street Journal report, the social media giant Facebook is now in talks with partners, as it seeks to seal investments for the rumored digital asset.

A report by the New York Times, which cited anonymous sources close to the company, claimed that Facebook had advanced its development plans for the “FB Coin” and was now speaking with major cryptocurrency exchange platforms about listing the stablecoin.It’s also worth noting that the aforementioned David Marcus, Facebook’s Head of Blockchain Research, used to be a board

Total Market cap 230B , but, what do you see on this chart?

What an amazing days we are living now!

BITCOIN willing to surpass 8000 USD right now and still there are people that is claiming for a Bull Trap coming?

Well, a correction shall come, that’s for sure, specially if we want to maintain a sustainable growth. But do you know what is shocking me most during this rise?

Have a second look at the daily chart of the Total Crypto Market cap:

Oh man! the Volume, the volume is massive!The crypto market is accelerating its growth a pace never seen before!

Only BITCOIN itself is moving 28 Billion$ of 24 hour volume and, despite some

Bitcoin Cuts Through Resistance Like Butter

I’ve been out of town since Thursday for a family event. Of course bitcoin takes off as I’m away from my computer, unable to trade. Murphys law…You can all thank me later. 

In my prior analysis., I’ve discussed a potential short squeeze numerous times. Admittedly, I did not expect price to break above $6,500 without hitting major resistance. In the past 5 days, we’ve seen a parabolic move to liquidate shorts that’s brought price as high as $7,900. Daily volume hit an all time high (on May 11th) of just above $28.8 billion. Today’s volume is just above $26.5 billion. Clearly

Will Mike Novogratz Be Right This Time???

Galaxy Digital CEO Michael Novogratz said that he expects bitcoin (BTC) to beat its all-time-high price within 18 months. Novogratz made his remarks during an interview with mainstream media CNN published on May 9.

During the interview, Novogratz also said that he believes that $6,000 is probably a stall point, and the next one will be $10,000. Moreover, he expressed the belief that this time, other cryptocurrencies “aren’t going to go up nearly as quickly.

Novogratz then stated that there are other elements, such as copper, that we value because we use them. According to Novogratz, just like copper, altcoins need to prove their use case in

BITCOIN – 13 May

On 4hr chart, btc continue to test the resistance around 7500 zone. As mentioned previously despite this rally looking parabolic enough, it just keep breaking resistance levels easily (tether FUD, upcoming possible demand and volume from the institutional fund, short squeeze) who knows we might just hit 10,000 shortly and ready to make new highs in 2017. btc dominance about to test previous top resistance, money flow may start to move back into alt.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
Network Value to Transactions Ratio :116
Total marketcap :220
Dominance :59.3
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S)

Bitcoin Squeeze!

I am watching Bitcoin make another move back to highs after pulling back on the 1 hour time frame. Crypto is now fully back into play and will be daily. Money is flowing back into bitcoin which means that once the money is in bitcoin it will likely be flowing into other Alts as bitcoin slows or pulls back. We have taken back MAJOR resistance levels here and want to see some grind sideways and buyers hold some levels.

This is great news and the accumulation for the past 6-8 months is pay off BIGLY! Let’s Ride!

Short The Pull Back On The DAX

The EU has cut growth forecasts for Germany for the second time this year, as trade tensions and a Chinese slowdown weigh on the traditional economic powerhouse of the region.Germany is only expected to grow at a rate of 0.5% this year, according to the latest economic forecasts by the European Commission. It will be the second-worst economy across the EU in terms of growth, with only Italy looking more downbeat. It comes after the institution lowered Germany’s growth expectations from 1.8% to 1.1% in February.The German economy, driven by manufacturing and exports, has been impacted by stalling growth in

Crypto Contest May 13: MediShares

MediShares (Huobi: MDSUSDT) 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, MediShares began a wave one advance on December 15, 2018. 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 10. If this wave count is correct, MediShares should be heading next towards the April 8 peak in the red wave three.

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


Medishares is a Ethereum based, decentralized, open-source mutual insurance marketplace. You can read their latest project update here.

(Sources: MediShares and

Crypto Market Action – Have You Learned from the Past?

Figured we’d change it up a bit a do a little self reflection given the recent action in the crypto market.
Lessons Learned and how to Proceed
If you have been in the crypto market the past couple years you have taken quite the ride.  We had the highest of highs and the lowest of lows.
But did you learn anything from it?
I know I have learned a few things and will be ecstatic if I can execute on them even just a little bit.
Moves seem to go further than the targets
One thing I noticed in the last bull market and then even

World Stock Market Relative Strength Analysis Report For Week Starting 5/12/19

The Standard & Poor’s 500 Index (known commonly as the S&P 500) is an index with 500 of the top companies in the U.S. Stocks.  Because the S&P 500 Index represents approximately 80% of the total value of the U.S. stock market, it’s the bellwether index for the U.S. stock market.  In addition, the U.S. stock market is the largest stock market in the world, it’s also the bellweather for equity markets around the world. The S&P 500 is arguably the most important stock market index on the planet.

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Because we live in a global economy, the global equity markets