Metadium (Bittrex: METABTC) 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, Metadium began a wave one advance on February 19. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on March 20, and the red wave two (blue sub-waves a-b-c) correction ended on May 14. If this wave count is correct, Metadium should be heading next towards the March 20 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Metadium aims to build an identity blockchain ecosystem. HighOnCoins covered the latest news one week ago.
Up – 9k then down down and up again. The market is certainly poised for a significant break. A steep retrace seems the most likely short-term outcome but zooming out a little the bull looks in. As typical in crypto, lots of news and narratives to recap. Block.one just announced a faster EOS and a new social media platform -jury’s still out as to whether this was an ‘event’ or not.
Pick of the Week
A thorough examination of the remittance market is my pick of the week. Though this week’s podcast for the following quote alone “Quantitative easing is universal basic income
On 4hr chart, narrow range consolidation likely to slide down testing the previous mentioned area 7900 zone (channel bottom and previous bull flag breakout line). Possible more weakness for stoch to cycle down doing lower highs together with the price.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :122
Total marketcap :272
Dominance :55.9
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :
The sell-off in U.S. stocks may get uglier as President Donald Trump’s trade war escalates at a time when the market is far from cheap, RBC Capital Markets says.A 10% correction of the S&P 500 Index from its April peak to 2,650 is becoming more likely, according to strategist Lori Calvasina. The equity gauge is about 4% above that level. Investors should take a more defensive stance, with the firm upgrading utility shares, while cutting its recommendation on commodity producers, she said in a note to clients Friday.Should the index retreat to 2,650, that would erase half the gains from
How to invest in masternodes without any knowledge of virtual servers or wallet commands.
Masternodes are an alternative to crypto mining. A masternode is a pc/server running a ledger containing a full copy of a specific cryptocurrency’s blockchain, in exchange, the owner recieves payment for upholding the ledger and running transactions. This payment comes in the form of the currency being mined. The main differences from mining are that you do not need expensive pc equipment (mining rig) to mine. However you do have to have a ‘stake’ in the coin. this amount various from coin to coin. ranging from just a few dollars worth of crypto to over a hundred thousand of dollars in the case of DASH masternode (currently $165,444 )
simplepospool.com Makes it easy to just buy a share in a node without having to invest in a full node. this means you can now invest as much as or little as you want so you can test the waters without having to risk a fortune. You also do not need any knowledge of setting up software, wallets,blockchains servers or anything techy.
Is it trustworthy? Ive used their service now for a few months and have not had any problems at all. No issues with deposits or withdrawals (withdrawals are manual so are not instant, they require support to confirm) no issues with masternodes.
Basically you decide which masternode you are going to invest in and then you deposit that currency into your simplepospool account. you then click on masternodes and then select ‘available masternodes’ you then select how many slots you want to buy. Thats it. its that simple. You will then see a return every so many hrs/days depending on the coin you have chosen. Make sure you check on ‘available masternodes’ to see how many coins are required per slot and if any slots are available. E.g. theres no point going to an exchange and buying 18 coins if a slot requires 20.
Sounds easy. well it really is. However choosing which currency to invest in is a different kettle of fish lol. When i first started with masternodes i lost a couple of hundred dollars on bad choices.
The return for running a masternode differs vastly from coin to coin. Most on startup offer a massive return for running a node, often over a 1000% in the beginning, some ‘offer’ you a ROI (return of interest) within days rather than months. Dont be tempted by the percentage alone unless you are prepared to gamble.
Nearly all new crypto’s/tokens tend to have an inflated price when launched, then take a massive dive in price and then level out at a small perecentage of what they started at. (hence the massive ROI offerd by most) As the price stabilises and more coins enter the market, the masternode (mining) ROI decreases.
You need to have a logical reason to choose a coin, don’t just go for the offer of riches. If you are going to choose a new coin then choose it for a reason. i.e. who were the developers? have they had experience before? (some coins have devs from other stable coins) is the idea/concept sound? (check the white paper) does it sound too good to be true? There are so many coins/tokens out there, does this 1 have a place? does it solve a problem over others? there are many peeps jumping on the band wagon and making their own currency without much backing. if you buy a node by investing your hard cash/BTC you are the backing.
a good idea is to do some research and look at the trading history and check how many crypto currency exchanges the coin is listed on. If its listed on many then there’s a good chance there is faith and backing in the coin. check to see the price is stable or is on a downhill slide. How long as the coin been running? the longer its been running and the more exchanges is listed on and the more monetary trading volume gives it more chance of not crashing and being de-listed.
If you are unsure then start with a small investment, an amount you are willing to lose until you have experience, often you pay to learn with this game.
If you are really not sure but want to learn then maybe just throw £10-£20 at a masternode and then leave it for a few weeks or a month. You have to be patient with crypto, you will not make much quickly unless you are experienced with a LOT of cash. Patience is the game.
Heres an example : i recently invested $115 in SINS coin. https://masternodes.online/ The current ROI (annual) is 253.31% which is pretty good. Notice its 2nd in the chart listing trading volume (currently $3,491,643) its also a decent dollar price at $6.5810 which means traders have some faith in it… Also if you then click on the link https://masternodes.online/currencies/SINS/ and scroll down you will see that the coin is listed on many exchanges. It has also been running since oct 2018 and is now at a higher price than when it started (most start high then drop like a stone lol)
Or another coin that has been running for a good while and is pretty stable but with less return is PIVX. Investing in PIVX will currently get you a ROI (annual) 10.27% Ok that’s not a ROI but its listed on many exchanges, has been running for over 1.5 years and has been at a relatively stable price for a good while now. https://masternodes.online/currencies/PIVX/
I’m not necessarily saying you should invest in those 2 above, im just trying to point out things to look for. i.e. price, volume, longevity, listed on multiple exchanges, stability etc etc. Don’t be impatient and research each coin you want to invest in. Don’t spend more than you are prepared to lose until you gain experience.
If you like my posts and what i’m doing on steemit, please give me a witness vote. witnesses keep the steemit blockchain running smoothly and it costs us to run our servers. Your witness vote helps to pay for the server cost. as yet i do not have enough votes to cover my costs.
Please vote pcste for witness. to vote for me go to : https://steemit.com/~witnesses scroll down the page and enter pcste into the box (dont use @sign) then click vote
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
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
Rates have been getting absolutely smoked on these tariffs and the woes. The rates hikes HAVE BEEN off the table and are now 100% for the foreseeable future. In fact we may see a cut soon. This has caught me a little by surprise. After nailing the “generational bottom” in 2016 and calling the rip to 3.0+, then calling the move back until 2.5-2.6, I really thought that we would stop going down here.
So far, this has not been the case. 2.14 is heading back towards levels not seen since Q3 of 2017. And guess what? This is not
Investing mantras to live by. These are something I like to share now and again and since it’s been close to a year it’s time to chat about them again.
Investing Mantras I live by:
If something more than doubles in price in one day – SELL HALF
Buy the dips, sell the rips!
Remember, nothing HAS to happen
You cannot be grateful and angry at the same time
Let’s quickly dig into these one by one….
If somethings doubles in price in one day (or even a few) selling half always makes sense. Yeah, there are instances where something will triple or more, but there are
