Bitcoin Reverts Back to 10 Day Moving Average – Surprises No One

With every rip there is a dip.  That is why we sell rips and buys dips.  Bitcoin is dipping today and dipping hard.
Price extension and moving averages as a guide
I often talk about the 10 day moving average because it is my favorite short-term moving average and I have found it a good guide for when price gets too extended on a coin.
When that happens it becomes my target for the pullback (or bounce).  Sure enough the price of BTC behaved accordingly and just spike down to it before finding some legs at the time of these writing.
Now, I expect

Look For Utilities and REITs To Continue To Outperform

The real estate investment trust and utilities sectors were the biggest losers of the S&P 500’s 11 key sectors, and their weakness was unanimous, as a big jump in Treasury yields helped lure investors away from the high-yielding sector. The SPDR Real Estate Select Sector ETF XLRE, -1.94% slumped 2.1% with all 32 of its equity components losing ground and SPDR Utilities Select Sector ETF XLE, +1.54% shed 2.0% with all 28 components declining. REITs are utilities are often seen as bond proxies, given their high yields, while the S&P 500 SPX, -0.12% eased 0.1%. The REIT ETF’s dividend yield

New Renault Zoe – bigger battery, longer range and faster charging

New Renault Zoe – bigger battery, longer range and faster
charging (electrive.com)

Renault has
formally launched the new version
of the Zoe, the model is to be known as the Z.E 50. Details on pricing
etc are still to be announced, but its expected to be broadly in line with
the current model.Key details
from a battery perspective are a
larger battery (up from 41kWh to 52kWh) & the addition of a faster
charging capacity, using the CSS plug – but only up to 50kw.In addition the
electric motor (developed in house) has its power increased to 100kW
output.

Analysis and Comments

With

Gasoline Analysis Report 6/27/19 – Will Prices Continue To Rise???

Last Friday, a blast and fire occurred at the Philadelphia refinery owned by Philadelphia Energy Solutions.  I live outside Philly and although I couldn’t hear the blast, people and residents within a 30 mile radius heard it.

The refinery was the largest and oldest on the East Coast and produced about a quarter of the Northeast’s refining capacity or 335,000 barrel /day.

Source

Yesterday, the company announced that due to the damages suffered, it was closing the facility…which would affect about thousands employees and contractors, fueling gasoline’s prices higher.

However, the biggest impact for gasoline’s comeback has been the increase in oil which has

Getting older and doing some DIY

Well, I am by no means old, but I was reminded that I am not so young anymore when I decided to tackle an issue at home that has been bothering me for a few weeks.

Here’s a photo of the roof over our house’s terrace, it may not seem obvious but theres a serious sag in the supporting beam.

Here it is from another angle. It seems the precious owner was bothered by it too as you can see the rather thin looking wooden pole that has been jammed in for more support. The main bean has actually twisted a bit too, as the parts resting on the concrete pillars seems to have gone soft from moisture and maybe even termites?

On getting older…

In my youth I would quite easily climb on top of a roof, replacing tiles or doing whatever else needed doing. There was always an element of self preservation, so I was never reckless.

In this instance though I was over aware of my mortality and actually had a few moments where I froze up for a few seconds, before willing myself to finish the job.

All I wanted to do was to take a portion of the tiles off of the roof, my reasoning being that the tiles are quite heavy. With a good portion gone the wood would be less likely to break completely. My fear here was that it could break while my family was on the terrace, to be honest it bothered me to the point of losing sleep.


One of the beams at the end is so rotten it also has a pole to support it, some tiles have already made their escape.

I removed one a few of the tiles in the centre of the rood, so that I could climb up through the hole, far away from the edge. This is on a terrace, remember, ladders on the edges of a drop make me super nervous.

I removed tiles, one by one, handing them down to my wife, who stacked them out of the way. I progressed to the edge, then systematically took column after column off. Eventually stopping for a bit of a rest.

Here you can see how rotten that beam is. The beam closest in the photo felt like it was moving as I put my weight on it, very disturbing! It and the furtherest beam are coming down soon!

As I rested I took in the view, it really is amazing.

I do love being surrounded, almost, by trees. We have gone for a few walks on the dirt roads that snake their way through the trees. This is miles better than living in a city or in the centre of a village. I think so anyway.

The end result, we now have a portion of the terrace exposed to the elements, but as it is summer there should be much less rain. Hopefully we can get this roof redone and safe before next winter.

I was truly surprised by how long it took me to get going once on the roof. When I did finally act I was ultra deliberate with every movement, much to the amusement of my wife, who also remembers me being way more comfortable with heights.

Maybe the real issue is that it has been so long? It has been years since I have tackled any kind of DIY on the outside of a house so I am going to go with that.

The house still needs quite a bit of work, so I guess we will see!

🗞 Daily Crypto News, June, 27th💰

  • Steemit Statistics & Big Data: 🚀 End of May 2019 Update
  • Ethereum Tokens to Trade on Swiss Stock Exchange via R3 Tech ;
  • It’s Now Harder to Mine Bitcoin Than Ever Before ;
  • Buried in Facebook’s Libra White Paper, a Digital Identity Bombshell ;
  • Bitcoin Falls by $1,400 After Crash of Major Crypto Exchange Coinbase ;
  • Singaporean Exchange Bitrue Gets Hacked, Losing $5 Million in XRP, Cardano ;
  • 📑 Daily Crypto Calendar, June, 27th💰
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 Steemit Statistics & Big Data: 🚀 End of May 2019 Update 🚀

We reached 13.19 mn visits in May 2019!

I] Traffic

Daily Steemit Traffic

Steemit Traffic share by country

In the Top 5, the strongest traffic increase came from Venezuela with +9.75% visits!

Find all the analysis and Datas by clicking on this link

🗞 Ethereum Tokens to Trade on Swiss Stock Exchange via R3 Tech

Public blockchain tokens will soon be trading on a major securities exchange.


Revealed exclusively to CoinDesk, Swiss security token firm BlockState plans to “passport” half a dozen ERC-20 tokens from ethereum, the second-largest public blockchain, to Corda, the private distributed ledger technology (DLT) platform developed by R3.


Before the end of the year, the tokens will be locked up in a smart contract on ethereum and “mirrored” versions of them will run on Corda. This is akin to global depository receipts, where shares of a company are held in custody in one country and a certificate representing ownership of them is traded in another.

🗞 It’s Now Harder to Mine Bitcoin Than Ever Before

Bitcoin mining has become competitive than ever.


Bitcoin mining difficulty – the measure of how hard it is to earn mining rewards in the world’s largest cryptocurrency by market cap – has reached a new record high above 7.93 trillion. That’s a seven percent jump from the 7.45 trillion record set during the recent two-week adjustment cycle, which was the highest since October 2018.


Bitcoin is designed to adjust its mining difficulty every 2,016 blocks (approximately 14 days), based on the amount of computing power deployed to the network. This is done to ensure the block production interval at the next period will remain constant at around every 10 minutes. When there are fewer machines racing to solve math problems to earn the next payout of newly created bitcoin, difficulty falls; when there are more computers in the game, it rises.

🗞 Buried in Facebook’s Libra White Paper, a Digital Identity Bombshell

The Takeaway


Facebook’s Libra white paper includes a brief but potentially seismic nod to digital identity standards.


With 2 billion users worldwide, Facebook may be able to succeed where others have failed in jump-starting a globally accepted digital ID.


Some identity experts say this is even more important than the cryptocurrency, but others question how much control Libra would give users and find its approach overbearing.

🗞 Bitcoin Falls by $1,400 After Crash of Major Crypto Exchange Coinbase

Bitcoin’s (BTC) price fell by $1,400 within minutes after a crash of United States-based cryptocurrency trading platform Coinbase.


Coinbase first reported that it was investigating an issue in which its API and website were not functioning properly at 1:47 p.m. PDT on its status website

🗞 Singaporean Exchange Bitrue Gets Hacked, Losing $5 Million in XRP, Cardano

Singapore-based crypto exchange Bitrue has suffered a major hack, losing 9.3 million XRP and 2.5 million cardano (ADA) from its hot wallet. The news was revealed in an official statement from the exchange published as a twitter thread on June 26.


At the time of the breach — 1 a.m. GMT+8 June 27 — the stolen funds would have been worth over $4.5 million in XRP (valued at $0.488) and $237,500 in ADA (valued at $0.095), according to CoinMarketCap data.


The exchange states that a purportedly single hacker first “exploited a vulnerability in our Risk Control team’s 2nd review process to access the personal funds of about 90 Bitrue users,” subsequently using this first experience to access the exchange’s hot wallet and steal the cryptocurrency. 

📑 Daily Crypto Calendar, June, 27th💰

LTO Network presents business track at Containers Today.

RISE Rewards reduction from 12 to 9 per block at block #2,108,160 (approximately June 27).

CEO Claude Eguienta hosts June “Office Hours AMA” in TEL’s official Telegram from 5-6 PM.

“Our founder and CEO, @yanbonknorg1 , is going to visit Seoul on June’27 and introduce @NKN_ORG to the Korean market.”

We would like to share with you the latest development and future plans of Bibox and hear from you your feedback and suggestions.

image.png

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

This resistance line at 0.43$ is still there… unbreakable… we are testing it and testing it but we don’t have the volume to break it more than some minutes. What else to say… imagine now that the BTC will correct, I’m quiet sure that we will break very easly all our support line. So yeah let’s wait and see what the steem want for us but again we are not on a ideal pattern.

image.png

Last Updates

Join this new Free To Play on the STEEM Platform !

Crypto Contest June 27: Maker

Maker (Bitfinex: MKRUSD) 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, Maker began a wave one advance on December 7, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 2 this year, and the red wave two (blue sub-waves a-b-c) correction ended on April 26. If this wave count is correct, Maker should be heading next towards the April 2 peak in the red wave three.

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

Funnymentals

Maker is a Decentralized Autonomous Organization (DAO) that manages the Dai Credit System on the Ethereum blockchain. For

Gold Bulls…Have A Look At The Junior Gold Mining ETF, GDXJ

If we are indeed entering a major bull market for the metal then savvy investors should consider buying smaller cap gold mining stocks rather than either the metal itself or the larger miners.The easiest way to do that via the VanEck Vectors Junior Gold Miners exchange-traded fund (GDXJ – Get Report), which tracks a basket of smaller, so-called junior gold mining firms.In general, the mining stocks do better than gold when the price of the metal rallies.But the smaller mining firms should outperform the larger ones, as long as the bullion price remains in an uptrend, says Don Coxe, chairman

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