The Sunday Recap – Down the Rabbit Hole 33

Bitcoin is knocking on 9k. However, it’s regulations and proposed governments crackdowns that have dominated the cryptosphere this week. From a possible ban on ‘public’ blockchains in Russia, to a wholesale ban in India, to repressive FinCEN ( Financial Crimes Enforcement Network) KYC recommendations on crypto transactions over $1000, the news surrounding crypto regulations has been decidedly negative. None of this has come to pass but there’s little doubt regulatory headwinds are on the near horizon.

On a brighter note, Facebook looks set to announce details of it’s ‘Libra’ coin next week. While I’ve absolutely no interest in a centralized, corporate

SPDR Sector Relative Strength Analysis Report For Week Starting 6/17/19

Sector rotation is the action of shifting investment assets from one sector to another to take advantage of cyclical trends in the overall economy in an attempt to beat the market.  Sector rotation seeks to capitalize on the theory that not all sectors of the economy perform well at the same time because sectors of the stock market perform differently during the phases of the economic and market cycle.

For example, defensive sectors such as consumer staples, utility and health care stocks tend to outperform during a recessionary phase, while consumer discretionary and tech stocks tend to fare well during early

STOP POWER DOWN MONTH (#SPDM): The consequences of a massive sell…

Complementing @exyle ‘s post this morning and taken the data provided by @penguinpablo in his weekly reports, the following are the charts related with the amount of total STEEM SUPPLY and the amount of LIQUID STEEM STORED at the EXCHANGES since the beginning of the year:



The amount of LIQUID STEEM into the exchanges is still growing despite it seems that the curve is getting flatter , this quantity is so big that the price seems to be stagnant and sometimes even worse because, even if the general trend on the market is positive, STEEM seems to lose value in relation with the rest of the cryptomarket.

Why STEEM is losing continuosly price while BITCOIN grows?

Have a look to the following STEEM/BTC price, from beggining of the year till now…

…and now have a look to the massive entrance of 14 Millions STEEM within only 3 weeks by the end of January till mid February, starting just after the peak of the 22nd of January:

Steemit and other wales have been sending massive quantities of STEEM to the exchanges, and I guess they have been selling them in a very planned mode, not in one shot because it is impossible since Buyers are not sufficient to absorb such quantities…actually, what we have seen since early March till a couple of weeks ago is the STEEM/BTC continuous decay due to 14 Millions STEEM deposited on exchanges on February…

One positive signal can be the following:

Take the last month of STEEM/BTC chart and identify on which weeks we have more and less STEEM deposits at exchanges:

Same with the STEEM/USD pair:

For me it is a clear indication that there are STEEM BUYERS outside. But do you think they are sufficiently stupid to buy STEEM knowing that a whale monster as @steemit is permanently powering down and increasing the amount of STEEM in circulation at the exchanges week after week?

…and I wonder…

if MIRA has been already released 16 days ago…should not be the Costs of running the blockchain be reduced drastically?

Why @steemit is keeping apparently the 400000 STEEM per week Power Down Process and sending the full amount to an alternative account AKA @gsr-io which is at the same time withdrawing more or less the same amount to the exchanges?

Would not be a good time to inform about the real costs reductions dear @elipowell ?

Please, let the STEEM price to breathe a little for some time…



P.S: After having checked the top 20 STEEM witnesses, I found that still some of them are Powering Down, but I learnt as well that even if we would sum all the witnesses weekly earnings and we would “throw it” to the exchanges, this amount would be very little in comparison with the amount that @steemit itself is powering down… anyway, I am still thinking that a general STOP POWER DOWN EVENT should be very positive for the sake of everybody here and for the project in general so, my selection criteria for witness votes will take into account that requirement as well…for the moment.

Thanks to @crimsonclad and @svemirac for the constructive discussion on the topic in my yesterday’s post.

BITCOIN – 15 Jun

On 4hr chart, as mentioned in yesterday post, it hitting near 8800 target resistance which is the channel top and also the possible ascending triangle baseline. Maybe come clinging on along the resistance level before turning down again.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
Network Value to Transactions Ratio :
Total marketcap :
Dominance :
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

Tips to Weed Out Fraudulent Rental Applications

Tenants are our biggest asset when owning rental properties.  Rental payments is where our income for the property is derived.  There is no bottom line without the rental income, thus good tenants are integral.
Having a solid tenant screening process is important, but we also want to make sure that the application we are reviewing is legit in the first place.
Now, if you have property management screening tenants for you then these are some things they should be doing already.  For those self managing let’s discuss a few points in particular as we can be a more desirable target for the

Forex Relative Strength Analysis Report For Week Starting 6/16/19

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

Crypto Contest June 15: EDUCare

EDUCare (Huobi: EKTBTC) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of (log scale))

Elliott Wave Analysis

In Elliott Wave terms, EDUCare began a wave one advance on March 22. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 5, and the red wave two (blue sub-waves a-b-c) correction ended on May 20. If this wave count is correct, EDUCare should be heading next towards the May 5 peak in the red wave three.

(Chart courtesy of (log scale))


EDUCare is a public chain ecosystem based on multi-chain structure. The latest price surge could have been due to the following

Will Bitcoin SV Meteoric Rise Continue???

Bitcoin SV (stands for Satoshi’s Vision) has received another boost on Thursday. The cryptocurrency jumped from $190.00 to $220.00 in a matter of three hours after the Financial Times published a story on SegWit and Bitcoin transaction fees and cited Craig Wright on the issue. The development caused massive FOMO and Bitcoin SV buying; however, the speculative agitation seems to be fading away now. 


Craig has a issues with coins/protocols that combine multiple Bitcoin transactions into a single transaction which makes it harder to track whose money has been where.

Bitcoin SV attempts to fulfill the original Bitcoin protocol, hence the name