Well, that was eventful from a price perspective. First BTC and later the ALTs pulsed to the upside. Then a precipitous fall to $6,400 before rebounding above $7,000. A further correction in the works – in all probability – yes. What if BTC falls 40% – would the bull thesis be invalidated? No at all – volatility is back – profits will be taken and price swings are inevitable.
The bull is back -why so confident? Good news now moves price – XRP and XEM both saw exaggerated run ups on positive news. As I’m sure most of you have noticed
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
Yep! , that is my Elliot Waves count, updated and pointing towards 14000 USD according to what I can observe right now at the chart.
If my count is fine the third wave have terminated, having reached around 8384 USD, a little more than I was lately expecting that was around 8000.
BITCOIN and the whole market is correcting, building the 4th wave downwards:
Currently, there is a daily exchange volume of 75 Billion USD for the total market, which is enormous and encouraging despite a few days ago we reached higher values, it is indeed a level of volume never seen before.
If you are trading crypto right now, then let me introduce you to dragonoption.io. This is a binary option platform that allows you to buy EOS contracts on the underlying price of BTC, LTC, ETH, EOS, and XRP. These contracts range from 2 minutes to 10 minutes and pay out up to 70%! This is a must for traders in crypto.
On 4hr chart, testing possible channel top resistance. Lots of stop got triggered and quickly got buy up from the long wick candle previously. Possible lower lows on stoch, higher lows price divergence. Possible HS, right shoulder in making, right top around 7800 zone. Possible mini ascending triangle consolidation going on with 7400 baseline.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :101
Total marketcap :232
Dominance :56.4
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :
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:
The safe haven Swiss Franc potentially at a turning point as price is at daily, weekly and monthly demand.
British Pound breaking out to the downside on the daily chart.
The collection of total 24 coins (2 layers) in a nice wooden box, dated back to 1991 and representing major events at German history for the period of 1949-1989. Included nice booklet with descriptions, just in German language.
Be sure to click on the image to view full screen!
Be sure to click on the image to view full screen!
Be sure to click on the image to view full screen!
Be sure to click on the image to view full screen!
2nd LAYER
Be sure to click on the image to view full screen!
Be sure to click on the image to view full screen!
So from tomorrow will continue to post coins one by one with some nice closer macro shot using professional light box and macro lens. If any suggestions or recommendations, just leave in comments
Category
Macro Photography
Camera
Canon 6D / Canon 100mm f/2.8L / LED Light Box
All photos are for sale in HQ digital format for Steem/SBD, please contact if interested
at steemit.chat @axeman / discord axeman#3904
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Since I have joined STEEMMONSTERS madness You are very welcome to show your respect to my works just by sending me some unnecessary cards. Would be much appreciated as well!
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From now on You can buy my works in hi-resolution digital format for ETH/USD
Pundi X (Binance: NPXSUSD) 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, Pundi X began a wave one advance on December 28, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 6 this year, and the red wave two (blue sub-waves a-b-c) correction ended on May 14. If this wave count is correct, Pundi X should be heading next towards the April 6 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Pundi X is a developer of blockchain-powered devices, including a point-of-sale solution, XPOS, which enables
