Bitcoin has certainly been active lately. I can’t always tell what it’s going to do next, but I do understand what it has been up to and the latest BTC movements have helped to refine and confirm my analysis methods. Let me show you what I mean.
I managed to call the latest dip slightly in advance.
This was just before noon (UTC) on Wednesday when BTC was at about $12500:
From https://twitter.com/brain_bit/status/1143801736827670529
For a while I thought I had it wrong as BTC pumped another $1000 northwards, but then it did correct.
As I said in “Altcoin Buying Masterplan (it’s working…)” two weeks ago, I have
Growing up in liberal Canada, Vitalik Buterin—co-founder of the world’s second biggest blockchain, Ethereum—was never allowed to forget his Soviet heritage.
Canada is obviously a far cry from Soviet Russia. But it does have strong socialist tendencies, as Dmitry Buterin told early bitcoin adopter Jeff Berwick, in a recent interview. In the video clip, Buterin senior explains that his heritage was key to helping the would-be-entrepreneur look to alternative ways of organising people and ideas, that would ultimately lead him to blockchain.
The father of the 25-year-old boy-genius, Dmitry Buterin, 46, is from oil-rich Chechnya—a region which suffered some of the worst atrocities committed in Russia’s long, authoritarian past.
Buterin senior studied computer science in Moscow before turning serial entrepreneur. He emigrated with his family to Canada, when Vitalik was six, settling in Toronto. But the Soviet experience, during his formative years, has naturally stayed with him.
American financial clearing and execution company Apex Clearing and its crypto investment subsidiary Apex Crypto have launched a new trading platform for broker-dealers and financial advisors to help their clients trade crypto more effectively.
According to a June 27 press release announcing the new broker-integrated Apex Crypto platform, equity investors will be able to seamlessly open and fund new crypto trading accounts “within minutes” — rather than the purported weeks it would usually take clients to do so.
Founded in 2012, Apex Clearing is an SEC-registered and FINRA member digital wealth management firm owned by American financial services company PEAK6 Investments LLC.
Members of the U.S. House of Representatives questioned Financial Crime Enforcement Network (FinCEN) director Kenneth Blanco about Facebook’s planned cryptocurrency Thursday.
Representatives Emanuel Cleaver, II (D-MO), Trey Hollingsworth (R-IN), Bill Foster (D-IL) and French Hill (R-AR) held a briefing with members of the House Financial Services Committee, discussing the Libra project with Blanco, who heads up FinCEN, the U.S. Treasury Department’s anti-money-laundering wing.
The briefing was held as part of a broader look at how machine learning and artificial intelligence can limit illicit money laundering and related activities.
What started as a $575 million token sale is now a rewards program for watching videos.
TaTaTu’s initial coin offering (ICO) was among the biggest of 2018, with film producer Andrea Iervolino raising money from royals like Lady Monika Bacardi, of the famous liquor family. Before this raise, Iervolino was best known for films such as “Bernie The Dolphin” and “Finding Steve McQueen.”
As some token sales start to slowly yield results, TaTaTu offers a prime example of a platform that used “blockchain” as a fundraising technique and then largely moved on.
The TaTaTu project, originally meant to offer a publicly traded cryptocurrency associated with a media streaming platform similar to Netflix, once attracted investment from Ari Paul’s BlockTower Capital (which declined to comment for this article) and movie stars like Johnny Depp (whose representatives did not respond to requests for comment).
San Francisco-based incubator for the blockchain Ethereum Classic (ETC), ETC Labs, has announced that it has partnered with cryptocurrency firm Metronome to create a solution for Ethereum (ETH)/ETC interoperability, in an official blog post on June 27.
Per the announcement, blockchain interoperability—also referred to as “chainhopping”—is a property of a blockchain asset meaning that it can be transferred between separate blockchains. In this case, the cryptocurrency Metronome (MET) will be transferable between the ETH and ETC blockchains.
The ETH and ETC blockchains initially split in the summer of 2016 after a contentious vote to return money lost when The DAO collapsed in 2016.
Yesterday I was saying that sentence : ” What else to say… imagine now that the BTC will correct, I’m quiet sure that we will break very easly all our support lines. “
Unfortunatly I was more that correct as we are breaking support lines after support lines on the STEEM. It is almost the case on every altcoins but again STEEM is one of the best in correction matter as we didn’t do any up or almost any up during the BTC run but now we are even correcting more than the average of altcoins. What to say… let’s wait better time and hope support line at 0.34$ will hold.
YouLive Coin (Huobi: UCBTC) 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, YouLive Coin began a wave one advance on February 21. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 9, and the red wave two (blue sub-waves a-b-c) correction ended on June 22. If this wave count is correct, YouLive Coin should be heading next towards the April 9 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
YouLive’s vision is to build the truly decentralized live social platform through blockchain technology to enable real-time content
Prompt / Theme: Do you own a camera? DSLR / point and shoot / smart phone? Do you take photos often?
Giveaway ? – 2 winners Prize A: 1 Steem Basic Income share Prize B: 250 Dark Energy Crystals (Splinterlands DEC)
Winners will be chosen randomly after post payout. If you would prefer a certain prize, please specify in your response, otherwise I may decide for you 🙂
Rules:
? No Upvote, No Resteem, No Follow – just your responding comment required to enter.
Comment a reply directly to this post within 7 days. A genuine (family friendly) comment responding to the theme / prompt is required.
Posted or Commented 5 or more times during the week this post is active.
Please click the link below to listen to the 43rd episode of my weekly crypto podcast ‘Two Minute Crypto.’ These are intended to be short, single-topic ramblings on some aspect of the cryptosphere. Comments and critiques welcome.
External Podcast Link
https://www.podbean.com/eu/pb-u4net-b610ed
Transcript
Two Minute Crypto – Riding the Bull (Part 5 of 5)
Welcome to Two Minute Crypto – this week marks the
conclusion of this mini-series focusing on maximizing returns during the
current crypto bullrun. Clearly, it’s time to trust the trend and recognize the
price momentum before us. Black swan events aside, for the next year or two we
have entered ‘buy the dip’ territory.
TRX seen from the temporality of 1D we can see how the movement of the candles have formed an upward channel where the price has been forming peaks and lows ever higher, in the current structure of candles the price has formed a double roof that I have indicated within the blue circles, this is a sign of reversal of trend, the neck line is located at 0.029, I have indicated a possible scenario if the neck line of the double roof is broken, where it is possible to run a pullback and recover the support to continue rising.
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
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 (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.
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
