Monthly growth: Crossing the 6000 SP

One month more at the STEEM blockchain.

Almost 26 since I started at this blockchain. During all this time I have never powered down.

I have accumulated all my SP rewards coming from Author or Curation and I also have bought a few times STEEM and power up mostly.

Despite I have withdrawn some of my liquid rewards as well, I have been focused on building my SP stake, so, part of those liquid rewards have gone to feed also my Steem Power.

Today I am at the moment to cross the 6000 SP on my main account, 2600 SP out of the 6000 SP have come exclusively from Author and Curation rewards.

…and from those 2600 SP, at least 2200 SP have been obtained during the last 12 months.

This month, my Author Rewards have decayed a little compared with the two last months:

Perhaps the current correction on the market has had some effect on the trend…I guess..


However, my Curation rewards have marked another All Time High:


So, something I am doing well, at least…

Compounding both charts:

So, it has not been a bad year at all in terms of building my account.

If I manage to maintain the uptrend here, 8000 SP can be an achievable target by the end of the year…if not earlier since the Market is offering an excellent opportunity nowadays.

Keep accumulating!

@toofasteddie

Nifty 50 Is Going Down To 10,000

The NIFTY 50 is an index that benchmarks India’s stock market index representing the 50 of Indian’s top public companies in 13 sectors. The NIFTY 50 is about to have their worst monthly of the year and the chart suggests there is more downside risks.

The NIFTY 50 just closed below the 200 exponential moving average (EMA – yellow line). The 200 EMA is considered a key indicator by traders for determining the overall long-term trend. 200 EMA also used as major resistance line when price is below the 200 EMA.

Price is on the verge of breaking down and below the long up trendline dating back to 2016.  Trend traders will now start to come out from under their rocks and look to short the NIFTY 50 once they receive confirmation.

Although divergence is not an indicator based on a mathematical calculation, I believe it’s one of the most powerful indicators to a trader/investor.When people talk about divergence they are referring to the difference in movement between an oscillating indicator (i.e. MACD, CCI, RSI, Stochastic, etc.) and the price action.

Negative divergence occurs in an uptrend when the price action makes higher highs that are not confirmed by the oscillating indicator. This indicates a weakness in the uptrend as buying is less intense and selling or profit taking is increasing. And when negative divergence happens on monthly chart, watch out.

Thus, one possible set-up is if price can drop a bit more, it would have formed a nice daily supply zone at 11,300. Thus, my projected price action projectile is the following to 10,000, which happens to be a major support line and a psychological round whole number.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

BITCOIN: I would not…

…get long yet…

The Volume has not change since a few days, we are still moving around 16 Billion in the 24h Volume which is more or less the same we had yesterday and the week before so, it is very likely we have a Bull trap here…

Additionally, we have a Triple Top at 10100 USD which is bearish so…unless BTC crosses that resistance I would not bet for an spectacular bull run now…

In my opinion, if not temporary sideways, BTC would move in the direction of the lower support, searching the (e) point on which it should rebound strongly (around 8500 USD) because if not, the threat of having a very BEARISH Scenario would get a higher likelihood of occurrence.

As I said, it is better not to enter now and see what happens in the coming days… this is a moment of high uncertainty and risk…

@toofasteddie


Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

Bitcoin Bulls Hit Back! Suckers Rally or Real?

Bitcoin has broken back above $10,000. Volume remains lackluster as of now.

Screen Shot 2019-07-31 at 10.35.13 AM.png

In today’s video we’ll discuss where price 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/profile/?workin2005/) 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.

Workin

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Domino’s Pizza…Now I Really Understand

Two weeks ago Domino’s Pizza (DPZ) posted weaker-than-expected sales during the second quarter. Same-store sales grew at 3% vs expectations of 4.6% domestic. Same-store sales internationally grew 2.4%, but also missed analyst expectations for 2.6% growth. On the news the stock price was fell 9%.  This marks the second consecutive quarter where Domino’s disappointed Wall Street. 

Same store sales decreasing is indirectly part of Domino’s “fortress” strategy.  Domino’s is under attack by the food delivery companies in which stay at home diners have a lot more options at their disposal.  So Domino’s is aggressively adding store at the sacrifice of existing stores the clear risk of saturating its existing territories.   The “fortress” strategy is to control the experience of getting the pizza quickly and hot to the customer.  I could understand getting the pizza there quickly and now I completely understand why they won’t to deliver their own pizza.

U.S. Foods, one of the country’s biggest food services companies, conducted a survey of over 1,500 American adults who use food delivery apps and 497 food delivery workers to highlight the emerging industry.

One jarring finding: 28% of deliverers said that they have actually eaten food from the orders they were supposed to deliver.

The biggest complaints among customers? Food that’s not warm and fresh took the top spot, followed by late food and incorrect orders. And in order to ensure freshness and quality, 85% of customers said that they would like the restaurants to provide tamper-evident labels.

Source

Not only do I love Domino’s pizza, but I love how they use technology to stay ahead of the competition.  I do anticipate them finding their lane within this growing new field of food delivery longer term.  However, short term, the chart suggests, the stock price has room to  fall to the weekly demand at $227.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

Coke, Pepsi exit plastics association, Greenpeace claims victory

Coke,
Pepsi exit plastics association, Greenpeace claims victory (Plastic News)

  • Faced with public pressure over contributions to plastic pollution, Coca-Cola and PepsiCo have both left the Plastics Industry Association, the former stating it withdrew “as a result of positions the organization was taking that were not fully consistent with our commitments and goals.”
  • Last year, household products company Clorox, medical device firm Becton Dickinson, and hygiene and cleanings tech company Ecolab ended their memberships, some citing disagreement with the lobbying group’s efforts to prevent plastic bans.
  • The withdrawals come at a time where the plastic pollution debate is becoming much more heated in state legislatures, with five more states passing laws banning or taxing plastic bags, while several other states are passing laws limiting or preventing such actions by local governments.

Analysts and comments

  • According to Greenpeace, in 2018, Coca-Cola, PepsiCo and Nestlé were the world’s biggest producers of plastic trash, mostly of polystyrene, which goes into packaging, and PET, which is used in bottles and containers.
  • The companies have now made various pledges to reduce plastic waste and facilitate recycling, with Coca-Cola, for example, partnering with the Ellen MacArthur Foundation and pledging to make all its packaging recyclable, reusable, or compostable by 2025.
  • You can find the latest news on Ellen MacArthur’s New Plastics Economy Global Commitment here. At 3m metric tons in 2017, Coca-Cola currently has the highest disclosed plastic packaging volume among the signatories who have made a disclosures (followed by Nestlé and Danone).
  • Of the 150 companies who have signed up to MacArthur’s global commitment to reduce plastic pollution, the majority still refuses to publicly disclose figures on their own plastic packaging production (including Pepsi Co, H&M, L’Oréal, Walmart and Marks & Spencer).
  • The Plastics Industry Association, through the American Progressive Bag Alliance (APBA), an arm of the group, has been advocating against plastic bag bans, arguing that conventional plastic has the least environmental impact compared with other bags, requiring 70% less energy and 96% less water to make than paper bags, according to its website.

Unusual Options Activity In Bed, Bath and Beyond – Part 2

Five months ago, I wrote,

Unusual Options Activity In Bed, Bath and Beyond

After the earnings announcement in January, I was itching to short Bed, Bath and Beyond through put options, but I decided to wait in case there was more upside in the price. However, yesterday, I noticed some bearish unusual option activity. The Smart Money bought over 30,000 May $14 strike put options.

What I also like is the position already established in the $12.5 strike put options as well. Lastly, what I like about the duration is the May options won’t expire before Bed, Bath and Beyond announces their next earnings in April. However, if the Smart Money is going to be right, price must breach the weekly demand at $14.50.

Needless to say, the Smart Money got this one right as well as price breached the weekly demand at $14.50 before the May put options expired.

The Smart Money is at it again. Yesterday I noticed the Smart Money bought over 10,000 put options expiring on September 20th.

Based on the previous measured move, the more recent leg down has ended. However, never bet against the Smart Money as they are typically right most of the time. The become profitable at or below $7.70. Estimated profit is 3X-4X based on the at the money puts option premium.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

A vibrant sunrise at Wellington (Murray River), SA.



Categorygoldenhourphotography
Camera ~ LensNikon D3400 DSLR ~ 18-55 mm
LocationAustralia

Prompt / Theme: Sea Monster, a handy tank in Splinterlands. Answer one of the following:

  • If you play Steem Monsters, do you use this card? Why, why not?
  • If you don’t play, give the cards aesthetics a score out of 10.

Giveaway 🎁 – 2 winners
Prize: 1 Steem Basic Income share + 100 SPT

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.
  • Not be on @cheetah’s blacklist.

Thanks for having a look 👍

If you liked this photo follow @kiokizz for more.

🗞 Daily Crypto News, July, 31st💰

  • $500K, 60 Lawyers: Filing Reveals Costs of Bitfinex’s Fight With NY Regulators ;
  • Live: Crypto, Blockchain Hearing at US Senate Banking Committee ;
  • Importer of Bitmain’s Bitcoin Miners Draws Criminal Investigation in Russia ;
  • VP of Engineering Tim Wagner Becomes Latest Exec to Leave Coinbase ;
  • Major Indian Trade Organization Speaks Out Against Proposed Crypto Ban ;
  • 📑 Daily Crypto Calendar, July, 31st💰
  • STEEM Trading Update

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

🗞 $500K, 60 Lawyers: Filing Reveals Costs of Bitfinex’s Fight With NY Regulators

Bitfinex and Tether have spent half a million dollars just on finding documents for the New York Attorney General’s (NYAG) office, a new letter by its lawyers says.


In the letter filed with the New York Supreme Court Tuesday, attorneys Jason Weinstein and Charles Michael of Steptoe and Johnson LLP, and David Miller and Zoe Phillips of Morgan, Lewis and Bockius LLP, urged Judge Joel M. Cohen to rule against immediately compelling the crypto exchange and stablecoin issuer to produce all the documents the NYAG demanded.


Cohen previously ruled that Bitfinex and Tether would need to preserve and turn over a subset of those documents, staying the rest of the NYAG’s injunction.

🗞 Live: Crypto, Blockchain Hearing at US Senate Banking Committee

During today’s United State Senate Banking Committee hearing on the regulatory framework for cryptocurrencies and blockchain, Cointelegraph will be updating live with the most important developments. 


The July 30 hearing, titled “Examining Regulatory Frameworks for Digital Currencies and Blockchain,” follows the previous hearings in mid-July that examined the regulatory hurdles surrounding Facebook’s Libra.


Circle CEO Jeremy Allaire will be a witness today in front of the Senate Committee on Banking, House, and Urban Affairs on behalf of The Blockchain Association, along with Rebecca M. Nelson, a specialist in international trade and finance, and Mehrsa Baradaran, a professor of law at University of California, Irvine School of Law.


For more detailed information on the witnesses, Cointelegraph has a dedicated analysis here.

🗞 Importer of Bitmain’s Bitcoin Miners Draws Criminal Investigation in Russia

The Russian Federal Customs Service has opened a criminal investigation into an importer of bitcoin miners for potential underpayment of customs fees.


The Far-East Trading and Industrial Company, or DTPK, may have failed to pay about $1.2 million on 6,012 Bitmain-manufactured ASIC miners imported from August 2017 to February 2018, according to a search warrant obtained by CoinDesk.


DTPK, based in Moscow, showed customs officers falsified documents with the incorrect prices for the equipment, which included Bitmain’s Antminer S9-13.5, L3+ and D3 models, along with power elements for them, says the search warrant, dated July 17.

🗞 VP of Engineering Tim Wagner Becomes Latest Exec to Leave Coinbase

Coinbase executive Tim Wagner is leaving the crypto exchange after slightly over a year on the job. Other high-ranking engineering staffers are leaving too, CoinDesk has learned.


Wagner, Coinbase’s vice president of engineering, will be departing in the next two weeks, a Coinbase spokesperson confirmed. The departure will leave a vacancy on the company’s leadership team.


Previously, Wagner served more than six years at Amazon Web Services, making him one of most senior alums of big tech to join the cryptocurrency industry. Wagner joined shortly after Coinbase acquired Earn.com and made Balaji Srinivasan its chief technology officer.

🗞 Major Indian Trade Organization Speaks Out Against Proposed Crypto Ban

Nasscom, a major Indain trade organization, has said that it is against a blanket ban on cryptocurrencies, which was recently proposed by a governmental panel in the country According to a report by local financial periodical The Economic Times on July 30, Nasscom commented:


“Nasscom believes that the recent proposal of the inter-ministerial committee of the government to ban all cryptocurrencies barring those that are backed by the government, is not the most constructive measure. […] Instead, the government should work towards developing a risk-based framework to regulate and monitor cryptocurrencies and tokens.”


As per the report, Nasscom claims that crypto projects can always be tested in regulatory sandboxes prior to launch. Nasscom also reportedly believes that banning crypto will only serve to push away legitimate businesses who are already pro-compliance.

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📑 Daily Crypto Calendar, July, 31st💰

Opacity 1.1 features, such as folders, desktop sync, and more, released by end of July.

The token swap takes place three months after the mainnet release.

Get the latest on our “5P” achievements (People, Product, Partnership, Pipeline, Progress). Mark your calendar for July 31 1PM UTC / 9AM EDT…

ZB Talk meetup in São Paulo, Brazil from 14:00 – 17:00.

SubstratumNode v1.0.0 RC1 release expected in July.

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yersterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

It is nice to see that we are sitting on that line since days now. I don’t mean that I like that value for the STEEM but at least it looks a good level to allow the STEEM to consolidate and prepare the next move which we hope will be a nice UP.

Let’s hope the BTC won’t make a massive correction which will destroy that support line, this is the only risk that we have now at short term.

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Last Updates

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Join this new Free To Play on the STEEM Platform !

Crypto Contest July 31: MediBloc

MediBloc (Bittrex: MEDXBTC) 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, MediBloc began a wave one advance on November 13, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on November 13, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on July 17 this year. If this wave count is correct, MediBloc should be heading next towards the November 2018 peak in the red wave three.

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

Funnymentals

MediBloc is a personal healthcare information ecosystem built on blockchain. Their mainnet was launched just two hours ago.

(Sources: MediBloc and Medium)

How can I vote? Where is the contest?

You can vote by following this link.