Bitcoin Clocks 10K – Bulls Strong as Price Gets More Extended

There you have it folks, bitcoin just clocked 10k for this first time since March 2018.   Price has ripped higher today so enjoy the ride.  I would not be surprised to see some kind of reversal top in the next 24 to 48 hours.
I’m riding it for the meantime and may book a little if I see any kind of blow off top.

I’d say break out the champagne but we all remember what happened last time…..you know, we ripped to 20K.  Hahaha, keep your eyes open.  Don’t fomo and enjoy the profits if you have them.

MITH technical analysis

MITH seen from the temporality of 1D we can see that the price has reached the zone of demand, the bulls have to get to hold this position if we want to see a pullback to the parallel channel that was broken in the previous candle, the bulls have to push strongly the price to get to claim the support of the channel and thus be able to continue rising, if not to claim the support or if the demand in 1D is not enough to hold the position is very likely to see the price fall to 160.

MITH seen

Bitcoin Breaks Out…Eyeing $10,000!

Yesterday I discussed a likely breakout to $9,700-$9,800. Today bitcoin has exceeded those targets, climbing as high as $9,930. Daily volume has spiked from about $15 billion to over $20 billion.

In today’s video I discuss where price may be heading next, key areas to watch, traps to avoid and so much more. I hope you find it 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 safe and profitable

Don’t Believe The Hype On Steel Stocks

The steel sector in the United State has experienced setbacks lately. The classic American steel producer,  United States Steel (X, NYSE), reported on June 19 that it will close two Midwestern blast furnaces. A few days earlier, its American counterparts, Nucor (NUE, NYSE) and Steel Dynamics (STLD, NASDAQ), released mediocre Q2 earnings forecasts, signifcantly lower than analysts’ expectations.From a yearly perspective, in 2019 steel stocks as a whole sank by 40% compared to 2018 mainly due to investors’ concerns that the growing trade war between the United States and China would cause global economic slowdown and would, consequently, lower demand

BITCOIN – 21 Jun

On 4hr chart, as mentioned in previous posts, it did hit 9600 and almost tested 10k mark. Possible to repeat the channel breakout like the previous round for the 3rd leg, low chance though. LTC halving around 5 Aug, possible TD 9 in 2 week time which is about into jul period and if history repeat, there’s pullback and sideway move before the next halving.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :122
Total marketcap :301
Dominance :58
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

Moving my home office from dark corner to darkest corner

At our new place we are fortunate enough to have place beneath the house that I can use as an office, this is useful because I work remotely and I believe it is best to be able to separate your work from your personal life. Being able to get up and walk away from the computer means I can make a physical break from work, which seems weird, but it helps me.

I was working in an are that will become a flatlet for my mother-in-law before, but decided it would be really great to get settled in the spot where I will be for the long-term. I needed to clear out the space first though. We bought this house semi-furnished as the previous owner had made their way back to the UK and could not justify shipping the furniture left here all that way.

So here goes the process of getting my office semi-organised.

I started with a room that had some random stuff stored in it, a fold up single bed, a tumble-dryer, random chairs and an old table that is just about ready to fall over on it’s own.

Also that mirror, not to my tastes, but hey, the world needs all kinds of people or it would be a boring place.

The only external light sources are from the door and a hole at the top of the wall. The room next door has a window and as this room is sandwiched in the middle of the structure there are no real windows.

My desk is still at our previous place as we still have to rent a truck to move all the bigger items. Fortunately there was this old computer desk just hanging around in the passage waiting for better days. I gave it a quick clean up – just really getting rid of all the dust, then moved it into the room.

The room looks much larger without all the extra stuff, it’s actually so big I drown a bit in it with my small desk.

I did not have a globe for the light in the room so tried a small lamp for a day. It does not light up much at all and I could see it was quite bad at providing useful light for video calls.

With a globe installed it’s no longer so dingy, being that it’s 4 walls and not much else there is still a significant echo but hopefully when I get more of my own furniture in here it will help dampen the sound. My own desk is also a bit larger, so I won’t be squeezed as much.

Another thing I need to do is try block out some of the sound from the road. The other rooms window is right on a road and when cars drive past the sound is much much louder than I anticipated, which is not good when trying to have a discussion with someone over a voice or video call.

Regardless, I can do my work apart from the house so while the kids are on holiday I don’t need to tell them to be quite or stop having fun, which was the point to begin with.

STOP POWER DOWN MONTH (#SPDM): Another week, another 800000 STEEM more added to the exchanges…

Incorporating new weekly data from yesterday’s @penguinpablo post.

This week seems that we have managed to increase the amount of Liquid STEEM deposited at the exchanges by more than 800000 STEEM again…

Previous week the Value of Liquid Steem deposited at the exchanges was 112,938,418 STEEM

Current Week is: 113,769,695 STEEM

Difference: + 831,277 STEEM more than last week

TOTAL STEEM SUPPLY:

TOTAL LIQUID STEEM DEPOSITED AT THE EXCHANGES:

CONSEQUENCES?

BITCOIN:

STEEM:

STEEM/BTC:

Congratulations to all the big accounts doing a recurrent weekly power Down and withdraw process in a weekly basis and more in particular to our @steemit friends and associates as @gsr-io which this time has withdrawed only a little less than 200000 STEEM to the exchanges which is great!!!

…and still there is people thinking that this process does not affect at all to the STEEM Price, LOL…

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

STOP POWER DOWN.

@toofasteddie

US Interest Rates Analysis Report 6/21/19 – 10 Yr Bond Rates Below 2%

Treasuries led a global bond rally, with 10-year yields dropping below 2% for the first time since November 2016 as expectations grow that major central banks will ease policy.The U.S. 10-year yield slid as much as five basis points to 1.9719% after the Federal Reserve signaled it was ready to cut interest rates.The Fed on Wednesday scrapped its use of “patient” in describing its approach to policy, offering support for bond bulls who argue that the U.S.-China trade war will sap growth momentum.“You’ve got a Fed that’s now changed its language and we’re on a path where there’s going to

Bitcoin and general tips

 
This won’t be a long-post, I have some “Crypto Housekeeping” to do.
It occurred to me that my housekeeping itself may be of value to my readers, so I’m quickly going to run through it with you. But first let’s look at the big names:
Metals and BTC:
Yesterday I spoke about a precious metals breakout. My criterion for the confirmation of a Gold breakout WAS met! Now I wish I had had more money to put into Gold earlier this year! The other precious metals I discussed also performed well yesterday – it looks like they may finally regain their rightful prices.
 

Made

Crypto Contest June 21: Telcoin

Telcoin (HitBTC: TELETH) 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, Telcoin began a wave one advance on February 21. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on March 30, and the red wave two (blue sub-waves a-b-c) correction ended on June 17. If this wave count is correct, Telcoin should be heading next towards the March 30 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Telcoin connects existing mobile money platforms to the decentralized financial system of the future, beginning with a globally marketed remittance service