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Month: June 2019

Crypto Contest June 9: FansTime

June 9, 2019 Published by

FansTime (Huobi: FTIBTC) 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, FansTime began a wave one advance on May 14. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 18, and the red wave two (blue sub-waves a-b-c) correction ended on June 5. If this wave count is correct, FansTime should be heading next towards the May 18 peak in the red wave three.

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

Funnymentals

FansTime is a vertical blockchain-based project focusing on the entertainment industry. You can view their intro video below.

(Sources: FansTime and YouTube)

How can

Cryptocurrency Relative Strength Analysis Report For Week Starting 6/9/19

June 9, 2019 Published by

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.

Source Image

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

SPDR Sector Relative Strength Analysis Report For Week Starting 6/10/19

June 8, 2019 Published by

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

The Sunday Recap – Down the Rabbit Hole 32

June 8, 2019 Published by

Are we mid-way through a steep correction or about to bounce? Probability may favour the bears at this point but as always nothing in crypto is certain. EOS had its big moment – did Block.one disappoint? Checkout out the video below by Investing With A Difference for an upbeat assessment. Bitcoin SV pumped mysteriously, KIK and the SEC locked horns as did the US and China over an ever-expanding trade dispute. Never a dull moment.

As usual, I’ve selected the articles etc. because I found them enlightening, compelling or challenging in some fashion. I don’t necessarily agree with the sentiments of

BITCOIN – 8 Jun

June 8, 2019 Published by

On 4hr chart, still valid for possible HS. Neckline may be around 6500 – 6800 zone. Likely to close of the week bearish and more downside next week.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :
Total marketcap : 254
Dominance :55.5
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

Forex Relative Strength Analysis Report For Week Starting 6/9/19

June 8, 2019 Published by

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

My TIMM Trading Pit Commentary – Wk Of 6/3/19

June 8, 2019 Published by

TIMM (Traders’ & Investors’ Mentor Market) provides the tools analysts need to share their insights in a central location, TIMM becomes a market where traders and investors can shop for the insights they’re looking for.The Trading Pits are, in some ways, the main meeting place for TIMM. Here you will see folks sharing insights and asking questions about markets.

Commentary from this past week includes:

The Russell futures remain weak and now price is sitting in a daily supply zone.

For the first time since the beginning of May, the British Pound showing some early signs of life on the daily chart.

Litecoin Testing the 120 Level Again After Short Dip

June 8, 2019 Published by

Gotta say Litecoin price action is acting more resilient than I expected.  After a quick dip down to 97 on an intraday basis price has pushed right back up to the highs in just a few days.
Sadly I had buy order down at 93 as it looked like that is where price would likely pullback to on the weekly chart.  Apparently things are strong though and the overbought condition on the weekly is sitting on the sideline for now.
Level Up or Fail
So here we are.   Looking at the daily chart you can see we are testing the 120 area.  Really

More Downside Ahead For Fluor Corp.

June 8, 2019 Published by

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, operation, maintenance and asset integrity, and project management services worldwide.

Shares of engineering contractor Fluor (NYSE: FLR) slumped a whopping 30.2% in May, according to data provided by S&P Global Market Intelligence. In a nutshell, Fluor is seeing a continuation of the execution problems that beset the company in 2018. By management’s admission, the company was overly aggressive in bidding for certain projects in recent years, putting it in a position where it needed perfect execution in order to be profitable. Unfortunately, not all the projects went according to plan and the company has faced

The $TWTR Ripper! Held the line, now off to the races?

June 7, 2019 Published by

Twitter surprised on the last earning and gapped up over 15+% that day. I believe that this was the day that TWTR had turned the corner. The chart had been setting up for quite some time and the base that TWTR was building was growing. After the earnings report I wanted to see TWTR go sideways and hold some levels…

As you can see a couple days ago TWTR (Monday) lost the two most important levels of 36 and 35 since the earnings gap. The gap was filled and I thought that the boys may be puking the earnings gains. If

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