FairGame (Huobi: FAIRBTC) 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, FairGame began a wave one advance on February 19. 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 14. If this wave count is correct, FairGame should be heading next towards the April 8 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
FairGame is a fair game platform based on blockchain technology. You can read their latest weekly report here.
Please click below listen to the 39th episode of my weekly crypto podcast ‘Two Minute Crypto.’ These are intended to be short, single-topic ramblings on some aspect of the cryptosphere. Comments and critiques welcome.
Welcome to Two Minute Crypto – the next 5 episodes will examine how you as a trader or investor can seek to give yourself an ‘edge’ during the next crypto bull run. Whether we are currently at the start of a sustainable cryptocurrency bull run is still somewhat debatable. However, glancing at the percentage gains
Bitcoin is showing signs of exhaustion. Yesterday I said it looked like price may test the $8,400 support. Bitcoin did break down to $8,425, where buyers stepped in to push it back above $8,600.
I apologize for the lack of text…I’m Running out the door. Here are my quick thoughts on where price my be heading next. I hope you find helpful.
Video Analysis:
If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to watch.
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you
On 4hr chart, again any sign of little selling looks like an opportunity for fomo buyer to enter. Sellers still reluctant to sell big yet. Still possible to 8300 zone around middle of channel. Likely to retest channel top as stoch doing lower low and price doing higher low.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :123
Total marketcap :275
Dominance :56
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :
Just looked at the CMC a few mins ago to see Bitcoin Fake i.e. BSV up 50%. Ive shared my opinion on these shitcoins many times so bashing BSV again is pointless. I was curious as to why it went up so much so i went on browsing.
Apparently someone shared some fake news about Bitcoin Fake on Wechat. The message said that Binance was listing BSV again which was ofc not true. Almost instantly BSV went up 65%.
On Steem we are having big debates about curation split, bots, parasitic psychopaths as if that will somehow affect the price. But does it really? All those things seem to only affect who gets more inflation and ends up with more Steem in the end. The authors or the big stake holders.
So it seems that all you need to do to moon STEEM is plant some news about STEEM being listed on a major exchange…. All you need is a screenshot to fix all our problems. Imagine that! Instead of thousands of pages of debates you could fix everything with a well placed screenshot carrying fake news.
It’s hard to bet against Elon. Elon is a serial entrepreneur who has beaten all the odds and at times he works 120-hour work weeks and doesn’t leave the Tesla factory for days at a time. Not even the odds, but the timing of events are really Elon and Tesla at this time.
Bad news continued to mount for Tesla (TSLA) Tuesday as Morgan Stanley outlined a worst-case scenario that calculates a potential 95% swoon in Tesla stock while the company’s short sellers are in position to see a highly profitable month of May.Morgan Stanley analyst Adam Jonas slashed his low-end
…again on Author and Curation STEEM POWER REWARDS for the month of May!!!
Who was going to say to me one year ago that just by curation I would get close 30 Steem Power a month or more than 270 SP in rewards?
There is something extremely good for all the steemians still active here nowadays and it is the fact that it will be very difficult to have a better chance to increase the STEEM POWER of our account in the future as we are doing right now…
Not only because the price of STEEM is very low but also because anyone of us who keep posting, commenting and upvoting have more opportunities now of getting stake of the Rewarding Pool.
We are around 5000 daily Active steemians currently, and according to Steem.supply from @dragosroua there are 886,124 STEEM to be distributed among us:
I am very conscious on the fact that part of the reason why I am constantly breaking my All Time Record on Rewards is due to the diminution of the active members… but I am also conscious that it has brought to me the chance to further interact and engage with many actors here, enhancing my engagement and Steem network so, perhaps, I think I am not doing it so bad at the end…
Anyway, I am keeping this graph as a guide, the Gartner Hype cycle:
I think we are exactly at the “Trough of Disillusionment” . We have passed for all the stages”This is exactly the moment on which we don’t have to be distracted by the backlash of negative chatter at this stage of the hype cycle. This is our chance to race ahead of competitors who are pulling back from their missed results against earlier, unrealistic expectations.” (read more here).
We still are at an EARLY MARKET, I do not know if we touched already that CHASM which separates us from the MAINSTREAM MARKET (MASS ADOPTION) , but we are going towards there and when we reach that point it would be better for us to be prepared.
I last talked about Abercrombie And Fitch three months ago, when they reported their last quarterly earnings and the charts suggested two shorting opportunities.
Abercrombie And Fitch…Setting Up For A Short
Despite a 20% move higher, I think A&F is getting close to levels for shorting the stock, but that’s just my bias, lets go to the charts. The chart suggests to short price at the daily supply at $27.50, but the better level is at $30.50.
Shares of Abercrombie & Fitch tanked Wednesday morning after the teen apparel retailer reported weaker-than-expected same-store sales growth and said it plans to close three more of its
The Commitments of Traders (COT) is a weekly market report issued by the Commodity Futures Trading Commission (CFTC) listing the positions held by commercial traders and the “Smart Money”, the hedge funds and bank institutions in various futures markets in the United States. Since the COT measures the net long and short positions held by speculative traders and commercial traders, it is a great resource to gauge sentiment in the Markets.
On Tuesday, the 10-year bond yield fell to a 19-month low of 2.264% due to the growing concern that the U.S.-China trade war will last longer than anticipated with prolong
