FET seen from the 3D temporality we can see how the current candle that ends session today, is closing until the moment above the resistance, to achieve close in this way, it is very possible that we see a strong bullish movement, I have also drawn a horizontal in the 2525 where you can see how the price tested the support correctly causing the current bullish movement.
FET seen from the temporality of 1D we can observe how the structure of candles is forming a known bull setup called cup & handle, to complete the setup, the price should reach our
June 10, 2019
(updated June 10, 2019)
Published by toofasteddie
Still a light downtrend on the number of daily posts and active users at the STEEM blockchain. According to STEEMTOOL we ended the week with 5029 daily active steemians that posted around 7923 posts a day…
The situation is not dramatic at all but still worrying… However, I am fully confident that if the crypto market keeps growing, we will see a massive entry of newcomers and also people who has left trying to join again in the platform .
This week I have found @aleksandra.mart as a very good and motivated steemian to follow. She is a beautiful Russian Lady that has passed a week or so visiting Barcelona, my city, and she has published some good content about it.
I think she has a very interesting arts related blog so I think she has very good skills for becoming a great steemian.
Besides @aleksandra.mart, this week I am going to provide my @steembasicincome shares to@javirid and @himalayanwomb.
@javirid is an old fellow steemian who is now working on a new DApp developed on top of the STEEM blockchain. According to some comments I have read from him, his intention is to launch the DApp by the end of the month but, honestly, I am not sure which kind of DApp… Hope we can read more about in the coming days but as I know @javirid , I am sure it is going to be something good.
It is not the first time I shared some @SBI with @himalayanwomb but man, he really deserves it. He is not the typical runner who you can find in any city or town. He is a High-altitude Runner who used to train at the Himalaya!!
Bitcoin once again tested the $7,500 support yesterday. Bulls successfully defended it for a third time in the last 6 days. Predictably, price jumped to nearly $8,100 where bears once again defended resistance. This latest bounce happened on very little volume. This continues to suggest many traders are either sidelined or holding, waiting for a larger move.
Price has been unable to decisively (daily candle open and close) break above the 21 day EMA….which is now confirmed resistance. A decisive break above would be significant in my opinion.
Zooming in on the 4 hour chart, we can see the 8, 21 and
Closeout retailer Ollie’s Bargain Outlet (OLLI – Get Report) reported better-than-expected earnings but same-store sales missed estimates, prompting a drop in the stock price.Shares of Ollie’s opened the trading day Friday down 2.81% at $94.84 on the Nasdaq Stock Market after the company reported adjusted net income of $30.2 million, or 46 cents a share, vs. adjusted net income of $26.6 million, or 41 cents a share, in the comparable year-ago quarter.Comparable same-store sales, however, a key measure of retailers’ profitability, came in at 0.8%, down from a 1.9% gain in the comparable year-earlier quarter and below Wall Street expectations.For
On 4hr chart, still doing its sideways consolidation between 7400 – 8000. Probably another 1-2 days for the completion of the head of HS to test the neckline level around 6500~6800 zone. On daily chart, possible bull divergence, lower lows on stoch and higher lows on price. Possible to do a flash long shadow dip to the 6500 zone and bounce up to continue the right shoulder.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
Network Value to Transactions Ratio :
Total marketcap :253
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :
If you caught the film/book reference in the title then I have bad news for you: you’re old. Like me.
It has recently come to my attention that BTC looks poised to fall in price.
Nothing Earth shattering, just a regular, healthy price retracement.
If you follow me on Twitter then you should have seen this over the weekend:
Like I said in that Tweet, I’m expecting a drop in the region of $1.5k – $2k. I base this on a variety of factors: reigning market sentiment, support levels, volume and historical retracement behaviour. Also as I said in the Tweet, this is
Lawmakers, business executives and economists have all tried to warn President Trump that his trade policies could hurt growth. On Friday, the government reported that employers added just 75,000 jobs in May, a fact that will be hard for him to ignore.The increase was a far cry from what economists had expected and a fraction of the number of jobs created in April. The weakness was most evident in sectors that depend on exports, and analysts were quick to blame Mr. Trump’s tariffs on China and other countries. The new data from the Labor Department also increases the likelihood that
CloakCoin (Bittrex: CLOAKUSD) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, CloakCoin began a wave one advance in January 2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in December 2017, and the red wave two (blue sub-waves a-b-c) correction ended in May this year. If this wave count is correct, CloakCoin should be heading next towards the December 2017 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
CloakCoin is a cryptocurrency designed to facilitate private, secure and untraceable decentralized transfers with Enigma. The coin is now five
United States-based financial research firm Weiss Ratings announced that it has downgraded its rating of cryptocurrencyEOS because of the blockchain’s “serious problems” with centralization. Weiss announced the report in a tweet published on June 7.
In the tweet, Weiss Ratings claims that the cryptocurrency in question has severe centralization issues and that “their event last week did anything to alleviate that,” evidently referring to an event hosted by EOS developer, Block.one on June 1. Weiss decided to lower EOS’ technology score, given the development.
The tweet also hinted that fellow top crypto ADA is next in line to prove itself as a decentralized proof-of-stake (PoS) blockchain system:
“It’s now up to #ADA to launch a truly decentralized #PoS #blockchain. No pressure.”
G20 finance ministers and central bank governors have asked the Financial Stability Board (FSB) and global standard-setting organizations to monitor risks around crypto assets. The request was made in a joint communiqué published on the website of Japan’s Ministry of Finance on June 9, following the G20 meeting held in Fukuoka, Japan.
The leaders that cosigned the document state that they urge relevant institutions to give greater consideration to crypto assets and consider appropriate action:
“We ask the FSB and standard setting bodies to monitor risks and consider work on additional multilateral responses as needed.”
Advances in cryptography are converging to help developers bring blockchain applications closer to the core decentralizing principles on which this technology is founded.
Inventions such as atomic swaps, zk-SNARKS and Lightning-based smart contracts are allowing developers to realize the dream of true peer-to-peer transactions in which neither party, nor an outside intermediary, can act maliciously. Witness the rising number of non-custodial and decentralized exchange (DEX) services for trading crypto assets.
This is exciting. But it also shines a light on another big problem that has curtailed the widespread adoption of cryptocurrency and blockchain technology: secure key management.
For too long, the most reliable means of protecting the private keys that afford the holder control over an underlying crypto asset have been too clunky, insufficiently versatile, or difficult to implement on scale. User experience has been sacrificed in return for security.
Debit cards tied to cryptocurrency wallets provide an opportunity to spend your digital coins almost anywhere fiat money is accepted. It’s a working solution, at least until wider adoption comes around. That’s why they’ve become so popular in the crypto community. Challenges of different sorts have negatively affected some of the earlier offerings, but it’s good to see products that have survived and new ones that are gaining traction or are about to enter the market.
During the past year, crypto winter forced businesses to downsize and adjust to unfavorable market and regulatory conditions. Many are still trying to adapt and some are already seeking opportunities elsewhere. For example, the company that issued Shift, arguably the first bitcoin debit card in the U.S. which allowed holders to spend from their Coinbase wallet, is not offering it anymore. It’s now operating under a new brand name, Apto Payments. And in Europe, many card providers suffered a hard blow when Visa terminated Wavecrest’s membership – some have recovered, others are yet to return.
AMA session with Beni Issembert, Beam CMO, at 7 PM (GMT) on Beam’s YouTube channel.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
Today we broke the resistance line at 0.39$ with a nice volume but unfortunalty, the reversal came with low volume but it was enough to remove all the gain of the day. So we are again lower than the resistance line at 0.39. We already dropped too much to do a pull back pattern so let’s see if the market will try to go back quickly break that resistance line. If it is not the case, I’m afraid we go test 0.34$ again.