10,000 Ft View – 4 Hr Chart
What I like about the level to short is it appears to be a magnetic for price and price has topped and is round down.
So the set-up was on the 1 hr chart, were price consolidated, then took out a pivot low before pulling back.
This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.
Anyone who was watching today so a heck of a price swing out of BTC. Price pushed through 9,000 only to give it back minutes later to begin a near-term sell off.
Shaking Weak Hands?
Many people have theories about candles like these, they press through a commonly watched level to trigger buy or sell orders only to whip right back in the expected direction.
Look at the hourly chart I have posted here. That first big volume big body red candle is a clear indication of that. Anyone who was short BTC using the most recent high as their stop got owned
On 4hr chart, we have the pullback that tested 8300 zone and it went down even more than expected. Bounce on previous bull flag breakout line. Likely to consolidate downwards along this line and meet up with the channel bottom support around 7900 zone.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :122
Total marketcap :261
Dominance :56.3
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :
A robin came to visit while we were digging.
A bit more work done in the allotment. We managed to fix the rotavator. It had a damaged fuel tank so we took the tank off an old petrol generator and bodged it onto the rotavator.
Paddy and Minnie rotavating 🙂
Now the ground is ready to plant into, its Time to plant some potato’s.
First lot of early potato’s
Bought some aloe vera plants for the greenhouse, only £1.50 each, bargain.
Voddy and coke break lol.
Sunflowers transplanted.
Cabbage ready to be transplanted.
Please vote pcste for witness.
to vote for me go to : https://steemit.com/~witnesses scroll down the page and enter pcste into the box (dont use @sign) then click vote.
Bitcoin has broken down and out of the larger rising wedge its been consolidating in for the last 3 weeks. Price dropped as low as $8,000 before bulls pushed it back above $8,200. A DECISIVE break below $8150 (daily candle opening and closing) would signal a larger drop to at least $7,500 in my opinion. Daily volume is relatively strong at $27.9 billion.
Price dropped quickly below the 8 day EMA, which had been acting as support.
In today’s analysis I discuss where price may be heading next, key areas to watch, possible buy/sell targets and so much more. I hope you
I have just read apparently all the information I get about the, let me named as “the Sudden creation of another HARDFORK for Steem” in order to implement by one side the so called “STEEM PROPOSAL SYSTEM (SPS)” on which I don’t have anything against and, by the other side, an “Economic Improvement Proposal (EIP) ” on which I have serious doubts about its efficiency as a solution.
I do not want to explain here what all of these changes would mean, instead I am going to point you to the post of @timcliff which, in my opinion is sufficiently clarifying (…or not)…
Please, read this post.
They are trying to fix “the problem” of the steem blockchain by implementing a 50%/50% rewards for content creators and curators respectively as IMO major change.
Very difficult to forecast the result of the change… looks like in principle, content creator would lost part of their rewards in order to encourage curators find good content to upvote for…
It is still to be demonstrated that this change or the change of moving from a linear rewards curve to a convergent linear rewards curve will motivate ORCAS and WHALES to change their upvoting behavior or stop delegating SP to bidbots or the like…
But this post is more related with the fact that STEEM has a problem of MARKETING as well. We are sitting at the 61th position of the TMC…
Would you think this sudden HF will help to get more investors on STEEM?
If you were an investor looking for altcoins to buy right now, which one you would choose?
The more visible, the best marketed, the one with less internal problems or, the one that is in permanent economical change since the beginning and with an uncertain HARDFORK result coming?
I’m not against improvements if they are so…but I really think the exposed proposals are drastic changes, which can complicate even more the things to the already damaged STEEM price.
@timcliff also listed as a part of the problems that:
“Little to no marketing is being done.“
…and there is nothing proposed yet neither a plan to solve that point and I don’t see how HF21 will fix it in short to medium term…
For me it is clear that before doing anything at the level of changing the CODE we should focus on the MARKETING aspect more seriously and, to tell you the thruth, I do not understand why the bloody SMT project is not even mention nowadays…at least now that seems that the costs will be reduced finally…
Perhaps we have to wait for the next, not the current one, Bull cycle in order to finally see someone reading how promising is the Steem blockchain…
@toofasteddie
The lira was down as much as 14% this year and the lira has suffered instability since mid-March. Plunging reserves and a lack of economic policy tightening are contributing to the uncertainty in Turkey. The US-China trade war has the potential to decelerate the global economy, and so investors are rushing into the safe haven Japanese Yen.
Monthly Chart (Curve Time Frame) – monthly supply is 24.000 with no monthly demand.
Weekly Chart (Trend Time Frame) – the trend is down.
Daily Chart (Entry Time Frame) – the chart suggests to go short at the daily supply
Finally, seems that the last wave has started moving upwards with a consistent increase in volume.
Target for this movement can reach, in my opinion, 9400 USD since I am expecting a good jump here…
However, we are witnessing the end of a few 5th type waves, leading to the completion of a major one (I)…
The likelihood of experimenting a normal “Pull Back” is now much higher, this pull back would build the 2nd wave, which, for the moment, whiteout nothing the nature and power can have a good ground at 7600 USD…
But first, let’s enjoy the RISING!!!
@toofasteddie
*Disclaimer: This is just my
Like most crypto holders, my portfolio is performing rather well at the moment.
However, some of my coins are clearly outperforming the others. As a rather diverse portfolio holder, I thought I would share with you some of my coins which I have seen doing well lately, and those which may continue to do well in the near to medium-term future. I’m not saying “buy these coins”, I’m saying – consider these coins if you are looking for something to buy, because they seem to be doing well at the moment.
Of course just because a coin is doing well at the
I don’t usually look at transport stocks, with the exception of FedEx and UPS, but the the following article cut my eye yesterday,
J.B. Hunt Hits a Downgrade Speed Bump From Bank of America
J.B. Hunt stock was down 2.7%, or $2.42, at $86.84 in mid-afternoon trading on the Nasdaq Stock Market after Bank of America warned of a tougher road ahead for the trucking and transportation company amid higher general rail costs as well as shifting traffic patterns.“Given secular headwinds of higher rail costs, shifting traffic patterns and refined rail lanes from Precision Scheduled Rail models, we believe volumes and JBHT’s
