Bitcoin continues to consolidate between $10,800 and $11,100. Daily volume is slowly rising, currently just above $21 Billion.
In today’s video I analyze Bitcoin, EOS, BNB, LTC, ETH, BAT and XRP. We’ll discuss where prices may be heading next, key areas to watch 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 trading.
I see that the supremacy of STEEM DApps is losing some terrain at the top 10.
4 out of the top 10 DApps are STEEM based but now ETHEREUM DApps are 5 out of 10…
But, wait… Am I the only one missing palnet.io listed at the STATE OF THE DAPPS website ?
Weird…
Palnet.io is a great project built on top of the STEEM blockchain, launched already more than three weeks ago, upgraded and updated and working perfectly. Users are also increasing day after day… so, @aggroed, why is it not listed there?
I could do it myself but I think it would not be fair at all since I am just a user so, I hope some of the developers (@aggroed , @yabapmatt or, why not other steemians involved at Palnet can do it as @crimsonclad for instance…
ONT seen from the temporality of 1D we can observe an upward pattern that should conclude with the fifth wave reaching the price range located between 2.16 – 2.23, the bulls have been showing buying power creating this way higher and higher that will end up pushing the price above the resistance located at 1.64.
ONT seen from the temporality of 4H we can observe how the price has broken the resistance in diagonal (indicated in the graph of above in red color) doing its later throwback to test it like support, we can see also more closely the setup of
Gold is back in the limelight as investors seek havens amid slowing global growth due to the fallout from the U.S.-China trade dispute and as central banks globally adopt a more dovish tone. While the Fed left its key rate unchanged on Wednesday, it dropped a reference to being “patient” on borrowing costs and forecast a larger miss of their 2% inflation target this year. The greenback weakened to erase its 2019 gains.“If easier policy from the Fed contains the dollar, that’s an environment, all else equal, that is supportive of gold,” Koesterich said last week in a phone interview
On 4hr chart, still in consolidation and made a higher high 11260, little more to test the 11600. Possible mini ascending triangle consolidation. On hourly, stoch doing low highs while price doing higher highs, possible bear divergence turn soon.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :
Total marketcap :
Dominance :
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :
A divided Federal Reserve held the line on interest rates Wednesday and indicated formally that no cuts are coming in 2019. The decision came amid divisions over what is ahead and still leaves open the possibility that policy loosening could happen before the end of the year depending on how conditions unfold.
The central bank predicts one or two rate cuts in its set of economic predictions, but not until 2020. Despite cautious wording in the post-meeting statement Wednesday, markets are still betting the Fed cuts, as soon as July.
Source
Not only are the Equity Markets still betting on a Fed cut,
Electroneum (Huobi: ETNBTC) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Electroneum began a wave one advance on June 3. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 17, and the red wave two (blue sub-waves a-b-c) correction ended on June 22. If this wave count is correct, Electroneum should be heading next towards the June 17 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Electroneum is using the power of blockchain to unlock the global digital economy for millions of people in the developing world.
Given how slowly Washington lawmakers have taken to devise a coherent, informed view of cryptocurrency, the Chair of the House Financial Services Committee’s rapid leap to action last week over Facebook’s ambitious Libra project was remarkably fast.
But let’s reflect not on the details of Rep. Maxine Waters’ (D-Calif.) urgent requests that Facebook to cease work on Libra until after hearings are held or on how European lawmakers made similar appeals. The important takeaway from these legislators’ actions is that they are able to make such demands at all. since this is not the case with truly decentralized projects.
Unlike with bitcoin, representative in Congress can directly identify and talk to the people in charge of the Libra project. They can subpoena them and, thus, pressure them. They might start with David Marcus, head of Facebook subsidiary Calibra, but, ultimately, it’s Facebook
An Israeli police spokesperson reportedly told Finance Magnates that Eli Gigi and his younger brother Assaf Gigi netted tens of millions of dollars. The two are suspected of being responsible for long-term systematic theft of cryptocurrencies by maliciously obtaining access to other users’ accounts.
The two allegedly created credential-stealing clones of major online cryptocurrency exchanges and wallets and sent links to those phishing sites on Telegram groups and other cryptocurrency-related communities. The two are also accused of being responsible for the 2016 Bitfinex hack, which saw multiple accounts being compromised.
Mixers. Computational data layers. Zero-knowledge proofs: these are just a few of the technologies being leveraged to enhance privacy on the ethereum blockchain.
Privacy for a public blockchain network is a bit of an oxymoron, given that, by nature of the technology’s design, data must be shared and widely distributed on the network in order to be considered valid. What’s more, for a high-profile public blockchain network like ethereum, several blockchain analytics websites and data scraping services exist to proliferate this data beyond just the users of the network.
Itamar Lesuisse, the CEO and co-founder of crypto wallet tool Argent, describes the matter of privacy on the ethereum blockchain as an issue for even “the most simplest use case” on the platform.
The Electric Coin Company (ECC), the firm behind second-biggest anoncoin zcash (ZEC), intends to build a new scalable zcash blockchain, cryptocurrency news outlet Forklog reports on June 22.
Per the report, chief engineer at ECC Nathan Wilcox said that the firm should “make Zcash usable by 10 billion people by 2050” if it can. Still, Decrypt notes that achieving this would require zcash’s blockchain to be able to manage thousands — or millions — of transactions per second.
Forklog states that ECC is considering implementing sharding, a scalability solution that Ethereum devs also plan to integrate into that network in the near future.
The legal counsel for a plaintiff in a bitcoin (BTC) theft case involving Australian computer scientist Craig Wright, said that Wright — the defendant — failed to disclose his bitcoin holdings per court order. Devin Freedman of law firm Boies Schiller Flexner made his statements in a tweet on June 21.
As Cointelegraph previously reported, in May a United Statescourt ordered Wright to produce a list of his public bitcoin addresses as of Dec. 31, 2013. Freedman declared that, since he has not complied, “he remains under an order to show cause why [Judge Florina] Reinhart shouldn’t issue sanctions” and order him to appear before Judge Beth Bloom and “explain why he shouldn’t be held in contempt.”
The order is part of an ongoing case against Wright — who self claims to be bitcoin creator Satoshi Nakamoto — that was filed by the estate of David Kleiman.
“I will hold a livestream on @PeriscopeCo and @YouTube on 24th of June 19:00(PDT)….”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
After the support line at 0.39$ saved yesterday, I said you in my publication of yesterday that I was waiting that we will break the resistance line at 0.41$ to confirm the change of trend. It is now done as we broke this resistance line some hours ago. We are now going in the direction of the next resistance line at around 0.43$. This resistance line is very important for the future as it is blocking us since weeks now. Let’s see how the market will react when we will touch it.
The shipping industry, which serves as the arterial system for the economy, is feeling the chill of a slowdown.As U.S. growth decelerates, an overwhelming majority of trucking companies tracked by Merrill Lynch expect shipping rates to either fall or stay flat, the firm said on Friday, as its Truckload Diffusion Indicator tumbled to its weakest levels since October 2016.The index, a barometer of the freight-hauling industry, is now down 29% year over year, and shippers’ outlooks are broadly negative to neutral.The sluggish conditions cited by Merrill Lynch in its report appear to be playing out around the country. The Cass
