Bitcoin Nearing Our $11,500 Target…Can Bulls Be Stopped?

In my last update we discussed the blue sky between where bitcoin was ($10,400) and resistance at $11,500. Bitcoin continues to close in on that target, reaching a new yearly high of $11,300. Daily volume seems healthy and steady at just over $20 billion.

Looking at the weekly, chart we can see price is again stretching the upper Bollinger band. We’re well above the 8 EMA. We can also see the gap between the 8, 21 and 55 week EMA is widening. This is a very bullish sign of strength.

While we look very bullish longer term, we are long overdue for

Liberland news

Our representative office in Brussels hosted the delegation from tbsworld.io for a reception. It was an exquisite opportunity to meet people from the crypto world as well as traditional investors.

Liberland news

The Liberland Expedition, led by Joby Weeks, has reached the North Pole after successfully visiting the South Pole just a few months ago!

Intermarket Relative Strength Analysis Report For The Week Starting 6/23/19

Instead of looking at financial markets or asset classes on an individual basis, intermarket analysis looks at several strongly correlated markets or asset classes, such as stocks, bonds and commodities. This type of analysis expands on simply looking at each individual market or asset in isolation by also looking at other markets or assets that have a strong relationship to the market or asset being considered.

The US economy is still the largest in the world and the US dollar is still the most powerful currency in the world.  Over half of all foreign currency reserves in the world are in

BITCOIN – 23 Jun

On 4hr chart, possible mini triangle consolidation before the breakout. Possible to still push higher for the weekly 11600 resistance zone before the pullback (can we see 30~40% down move ?) Weekly Ichimoku cloud piercing through the resistance. As mentioned in previous posts, LTC possible TD9 reversal next week which give about 4-5weeks more before the next estimated LTC halving in Aug.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :127
Total marketcap :325
Dominance :58.6
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

Is this the one?? $GLD $GDX

Gold has broken up. For now the precious metal is leading the charge in futures. Usually this has not been the case in the past. The leader was always the more riskier asset of silver, or the gold miners. But, every time is different and usually will only rhyme. Gold and crypto are higher into the weekend and if this breakout is TRUE then we are in for a whirlwind of currency fluctuations.

The dollar is about to get smoked and the metals and crypto breakouts should explode. Sorry gold bugs, you will gain but the crypto wizards will gain

Cryptocurrency Relative Strength Analysis Report For Week Starting 6/23/19

When you think about Cryptocurrencies, one name immediately comes to mind, Bitcoin.  Since the creation of Bitcoin, there has only ever been one cryptocurrency at the top of the market cap rankings…Bitcoin. 

When the price of Bitcoin rises, generally you can expect altcoin prices to rise with it. Likewise, when the Bitcoin price drops, altcoins also follow. And sometimes when Bitcoin is rising, the altcoins are declining due to cash moving from the altcoins to Bitcoin and vice versa.

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Bitcoin dominance is used to measure the percentage of the cryptocurrency market that can be attributed to Bitcoin. Thus, it’s very easy

Crypto Contest June 23: BeeKan

BeeKan (Huobi: BKBTBTC) 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, BeeKan began a wave one advance on December 22, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on March 21, 2019, and the red wave two (blue sub-waves a-b-c) correction ended on June 22. If this wave count is correct, BeeKan should be heading next towards the March 21 peak in the red wave three.

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

Funnymentals

Beenews is a value discovery platform for blockchain and digital currencies based on meta-graph chain (BKBT-Token).

(Sources: BeeKan)

How can I vote?

World Stock Market Relative Strength Analysis Report For Week Starting 6/23/19

The Standard & Poor’s 500 Index (known commonly as the S&P 500) is an index with 500 of the top companies in the U.S. Stocks.  Because the S&P 500 Index represents approximately 80% of the total value of the U.S. stock market, it’s the bellwether index for the U.S. stock market.  In addition, the U.S. stock market is the largest stock market in the world, it’s also the bellweather for equity markets around the world. The S&P 500 is arguably the most important stock market index on the planet.

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Because we live in a global economy, the global equity markets

Bitcoin on a Long-Term View – Deja Vu?

With bitcoin flying around again one likely wonders – where will it go next?  Best way to get perspective on that is to sometimes take a step back in time.  As in the time frame you are looking at to clear the noise and see some obvious price points.
We do this by looking at the weekly chart rather than the daily.  Each candle represents a week’s worth of time and allows us to see a big picture and the levels where price reversed or bounced in the past over the course of a day or days.

Looking at the chart at