On 4hr chart, narrow consolidation and limited upside.Likely to close off the week bearish and more downside next week.Possible heading to test 6800 SR zone.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
Network Value to Transactions Ratio :122
Total marketcap :249
Dominance :55.3
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

Two Minute Crypto – Riding the Bull Part 2 of 5

Please click the link to listen to the 40th 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.

External Podcast Links:



Two Minute Crypto – Riding the Bull Part 2 of 5

Welcome to Two Minute Crypto – the first episode in this series discussed information flow and the importance of assessing the quality of and the incentives behind your ‘go-to’ sources of information. This installment focuses on planning. Whether you are an active day trader, a long-term horizon investor or a bit of both,

MITH technical analysis

MITH seen from the temporality of 1D we can see how the current candle has found support in the 494 making a double floor, however, we can also see that the price when reaching the resistance of the 546 was rejected causing the current sales force, if the candle closes below the aforementioned support, it is very possible that we find a good entry in the support below the 401, with this would be forming a very bullish setup when claiming the support of the 494.

MITH seen from the temporality of 1W we can see how the previous bearish candle

Forex Price Action Baby, No Technicals or Fundamentals…Trade #18 – Sold EUR/NZD (6/6/19)

10,000 Ft View – 4 Hr Chart

Lets zoom in to the 1 hr chart. What I like about the level is price lost momentum to the upside, rounded out and now price is making lower highs and lower lows.

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.

Bitcoin Analysis: Consolidating Before Next Move

Bitcoin has been consolidating on top of major support at $7,500. It seems to be getting squeezed within a small wedge, currently trading around $7,700. Daily volume has died off a bit as traders are waiting for the next move.

We’ve now seen a daily candle open and close below the 21 day EMA.

Long and short positions are both dropping, suggesting a lack of confidence in direction.

In today’s video I discuss where price may be heading next, buy and sell targets, traps to avoid and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video,

Crypto Shopping Cart – 06 June

Prices went down, but the market is clearly moving along. That can only mean one thing: time to get the Shopping Cart into gear!

BTC has made some good gains this year, but for the most part, altcoin prices remain very low compared to BTC. The whole market may have climbed by about 150%, but the alts have been slow to gain any sat value. While we can’t be certain of this, it is likely that altcoins will eventually make significant gains against BTC. I believe in BTC, I really do, but I don’t believe that it should hold over 50%

Unusual Options Activity In SPDR Bloomberg Barclays High Yield Bond ETF, JNK

The SPDR Bloomberg Barclays High Yield Bond ETF, JNK seeks to provide investment results that correspond generally to the price and yield performance of the Bloomberg Barclays High Yield Very Liquid Index.

Analysts skeptical of calls for a trade-induced economic downturn say the resilience of so-called junk bonds shows the U.S. expansion has room to run, and that the growth worries emanating from an inversion of the Treasury yield curve — when short-term rates break historical norms and trade below their longer-term counterparts — have gone too far.“So far, credit spreads have remained well behaved, which also suggests to us

? Daily Crypto News, June, 6th?

  • Binance to Reportedly Introduce Its Own Stablecoins ‘Within Two Months’ ;
  • Facebook Set to Reveal Own Cryptocurrency in June, Report Says ;
  • $1 Billion Valuation May Elude Ethereum Co-Founder’s New Blockchain Polkadot ;
  • Bitcoin’s 2019 Price Run Driven By Real Transaction Growth, Analysis Shows ;
  • President of Brazil Jair Bolsonaro: ‘I Do Not Know What Bitcoin Is’ ;
  • ? Daily Crypto Calendar, June, 6th?
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

? Binance to Reportedly Introduce Its Own Stablecoins ‘Within Two Months’

Leading cryptocurrency exchange Binance will reportedly issue its own stablecoins within two months, Bloomberg reported on June 5.

Binance’s Chief Financial Officer, Wei Zhou told Bloomberg that the exchange will start issuing its own stablecoins “in a matter of weeks to a month or two,” with the goal to make stablecoins available for more of the world’s currencies.

The exchange’s first stablecoin dubbed “Binance GBP” will reportedly be denominated in and 100% pegged to the British pound. Zhou also revealed that Binance will make money off of interest on fiat deposits, like tether (USDT) does.

Apart from Binance GBP, Binance is reportedly planning to introduce an array of other stablecoins backed by other currencies, with the exception of the U.S. dollar. Explaining the company’s decision, Zhou said that “from the users’ perspective, only certain portions of the world use the dollar. Other users use other currencies, and we feel it should be reflected in stablecoins as well.”

? Facebook Set to Reveal Own Cryptocurrency in June, Report Says

ocial media giant Facebook is said to reveal its own cryptocurrency later this month.

According to a report from The Information on Wednesday, Facebook is poised to unveil its cryptocurrency to the public later in June, which is aimed to allow users to process transactions via the social media channel, and will be offered to Facebook employees who want to be paid in the form of the cryptocurrency.

The report added Facebook is also planning to have physical portals for users to purchase the cryptocurrency, which, according to previous reports, is called GlobalCoin.

In addition, Facebook is reportedly inviting external parties to participate in the network that will empower the cryptocurrency to act as “nodes” for a fee that could be as much as $10 million each.

? $1 Billion Valuation May Elude Ethereum Co-Founder’s New Blockchain Polkadot

Blockchain project Polkadot’s bid for a $1.2 billion valuation has hit a snag.

Since January, the Web3 Foundation, the Switzerland-based nonprofit behind the project, has been trying to raise up to $60 million through a private token sale. According to people familiar with the situation, three Chinese funds have agreed to invest $15 million in the project’s DOT tokens.

However, these three investors agreed to pay prices that, on average, valued the project below $1 billion, the sources said – falling short of the unicorn threshold Polkadot was reportedly seeking. (The agreed-to prices may vary from investor to investor.)

While it’s unclear how many tokens the three Chinese funds bought, or how many investors besides them participated, one source said Polkadot has been able to sell only 70 percent of the intended 500,000 DOT.

? Bitcoin’s 2019 Price Run Driven By Real Transaction Growth, Analysis Shows

An experimental metric used to gauge the quantity and quality of activity on bitcoin’s network clocked a 28-week high last Saturday, signaling the cryptocurrency’s latest price rally may be more fundamentally driven than many expect.

The Transaction Amount to Active Addresses Ratio (TAAR), first proposed by CoinDesk Contributor and Pugilist Ventures Founder Chris Brookins, divides bitcoin’s 24-hour adjusted transaction volume (USD) by the number of its active addresses to identify how much each active address spends in transactions per day on average.

If TAAR is high, then it means each user (active address) is transacting in high notional values, in other words, the network “quantity” (how much is being spent i.e. transaction volume) is high per the “quality” (how many users are spending the funds i.e. active addresses).

? President of Brazil Jair Bolsonaro: ‘I Do Not Know What Bitcoin Is’

The president of Brazil, Jair Bolsonaro, has stated that he does not know what bitcoin (BTC) is, and endorsed the suspension of a project that would create a crypto for indigenous people to use, Cointelegraph Brazil reported on June 4.

Bolsonaro supported the Minister of Women, Family and Human Rights, Damares Alves in the termination of a project worth 44.9 million Brazilian reals ($11.5 million) between the National Indian Foundation (FUNAI) and the Federal Fluminense University (UFF), which promoted the creation of a cryptocurrency for indigenous people to use. Bolsonaro delivered his comments during an interview with Ratinho’s SBT show on June 4.

After saying that the Minister acted properly in blocking the project that “wanted to teach the Indian to use bitcoin,” the president was asked by a show participant if he knew what bitcoin was. Bolsonaro replied:

“I do not know what bitcoin is.”

? Daily Crypto Calendar, June, 6th?

Airdrop of UOS tokens to EOS holders ends.

Bithumb Global Listing

OKEx Talks 2019 “The Adoption of Cryptocurrency for Business & Daily Life” from 7-10 PM (GMT +3) in Tallinn, Estonia.

Masternodes implemented

WorkFork Online Hackathon begins at 19:00 (GMT+2).


STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :


Here is the current chart :


So after the powerfull drop that we experieneced yesterday, we touched and tested the support line at 0.34$ and till now this support is holding us. However, be very carefull, if the BTC is continuing to drop, this support line will be break for sure also on the STEEM. So as I suggested on the BTC, I would advice you to wait to see which will be the next direction because currently this is impossible to know it, just propabilities.


Last Updates

Join this new Free To Play on the STEEM Platform !

Crypto Contest June 6: Grin

Grin (Poloniex: GRINBTC) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Grin began a wave one advance on May 14. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 21, and the red wave two (blue sub-waves a-b-c) correction ended on June 3. If this wave count is correct, Grin should be heading next towards the May 21 peak in the red wave three.

(Chart courtesy of (log scale))


Grin is a cryptocurrency focused on privacy without censorship in its implementation of Mimblewimble. The Cryptoverse covered the coin earlier


Sunset in this mirror. in each minnow’s ( mirrors?

Camera ~ LensNikon D3400 DSLR ~ 18-55 mm

Prompt / Theme: Following up from my question yesterday: Check out this post about PALcoin (if you haven’t) and share your first thoughts on PAL and

Giveaway ? – 2 winners
Prize A: 1 Steem Basic Income share
Prize B: 1 Dragonling Bowman (Splinterlands PROMO card)

Winners will be chosen randomly after post payout. If you would prefer a certain prize, please specify in your response, otherwise I may decide for you 🙂

  • ? No Upvote, No Resteem, No Follow – just your responding comment required to enter.
  • Comment a reply directly to this post within 7 days. A genuine (family friendly) comment responding to the theme / prompt is required.
  • Posted or Commented 5 or more times during the week this post is active.
  • Not be on @cheetah’s blacklist.

Thanks for having a look ?

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