LTC technical analysis

LTC seen from the temporality of 1W we can observe the movement of elliot waves that has been following the price to perfection during its course, currently, the price is doing the correction of wave number four, we know that in the corrections the candles form an ABC pattern during their descent, therefore, taking into account that pattern and the support of level 61 fibonacci, the price should go down to 92 where we would have our point C, in the chart above I have indicated through a horizontal blue color the area where the price should come to then continue with the fifth wave of impulse, to complete the drawing we see in the image above we would have a structure called: diagonal leading, this type of structures make a movement ABC, these points I have traced in the graph in red, point B must come near our point four of (EW) and continue with the point C impulse, I have placed in the nearest resistance located in the 272, the price could correct and continue rising more, however, this point would be a good target.

LTC seen from the temporality of 1D we can see how the price is forming the classic ABC pattern of correction, the previous candle has broken an important fibonacci support in the 125, the current candle is testing it as resistance, the price should not have problems to continue lowering, if the price closes above that level and confirms us, we would have an invalidation and wait to see the direction the price will follow, for now I’m still short.

In conclusion, it is very possible that we have a new buying opportunity below 100 dollars with a target set at 272, LTC in 1W you can notice a cup & handle in formation within the major figure, therefore, LTC turns out to be a good investment in the long term.

As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.

You can follow me on Twitter: https://twitter.com/armijogarcia

Bitcoin at New Local Lows! Where to Now?

The weekly chart closed yesterday with a nasty reversal candle. Today, as expected, we’re seeing follow through.

Screen Shot 2019-07-01 at 12.37.13 PM.png

Bitcoin has now broken below the 0.5 fib. It’s tested $10K, with a nice bounce. If you scaled that, congrats! It does look like bitcoin will make a second attempt to break $10,000. If $10,000 does break, price may quickly fall to $9,400.

Screen Shot 2019-07-01 at 12.36.10 PM.png

In today’s video I discuss where price may be heading next, key areas to watch, possible targets and so much more. I’ll also answer your questions near the end. 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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BITCOIN: Every drop is an opportunity

Is the Bull market finished yet? do you think it will go further lower?

It may be go lower but personally I am sure we are in the initiation of the Bull market.

This correction was expected since long already and it is part of the accumulation process. We also have seen the Market reaching 400 Billion recently so we know the potential is there… remember that at the ATH on January 2018 we double that amount…

I am observing carefully the lower line on below chart:

It is, in my opinion, a consistent support (9400 USD) on which rebound can happens but also I think that any level below 10K will be a good entry point.

If the Market is bullish this is the way to sail the waves, however, always do your own assessment and get your own conclusions.

Enjoy!

@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.

I’ve just completed my Reiki level 2 course :-)

I’m now qualified to provide Reiki treatment.

Thanks to Chris Krow Summers and thanks and much love to my Reiki family who have taken this journey with me.

Chris runs Reiki and also meditation, shamanic drumming, NLP and self-help courses in Wakefield, West Yorkshire. If you are interested then check out his meetup page.
https://www.meetup.com/mindbodyspirit/

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Your witness vote helps to pay for the server cost. as yet i do not have enough votes to cover my costs.

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Forex $1 MM Challenge – Trade #16 (7-1-19) Sold USD/JPY

After meeting Chinese President Xi Jinping in Japan on Saturday on the sidelines of Group of 20 summit, U.S. President Donald Trump said he would hold back on tariffs and that China will buy more farm products.

Trump also said the U.S. Commerce Department would study over the next few days whether to take Huawei off the list of firms banned from buying components and technology from U.S. companies without government approval.

The yuan gained and the safe-haven yen slid against the dollar on Monday as appetite for risk-sensitive currencies improved after the United States and China agreed to restart their troubled trade talks.

Source

Monthly Chart (Curve Time Frame) – monthly supply is at 121.00 and monthly demand is at 97.000.

Weekly Chart (Trend Time Frame) – the trend is sideways with downward momentum.

Daily Chart (Entry Time Frame) – the chart suggests to go short at the daily supply at 108.60.

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.

More clearing, cleaning and shuffling stuff around.

Back in South Africa I had built up a collection of tools and enjoyed tinkering in the garage immensely. When we moved to Portugal we decided to come here ‘light’, basically 4 or 5 boxes and our a few suitcases with clothes. Thus with a heavy heart I sold off most of my tools, giving a large portion (back) to my father.

We we now have a house with enough space that I can tinker again, but it needs to be cleared up a bit. It’s not a garage with a nice wide door like I had in SA, but it’s space where I can work / tinker / play and I am super chuffed after a few years to be able to do this again.

So let’s start at the end, not completely done, but far enough that I could stand back and breathe a sigh of relief that I had gotten so far.

Look at my table saw drowning in all that space!


We have space under the house, which the previous owners seem to have started converting into a separate living area / flatlet. I chose the larger of the 3 rooms to be my ‘workshop’ of sorts. As mentioned in another post they left a fair bit of furniture in the house, some of which I had brought downstairs to store with the surplus of stuff already here.

It was not arranged very neatly…

The entrance of the downstairs is quite wide, almost playing the role of an entrance hall? The plan was to move the furniture out and into this space as well as…

into the more narrow passage leading to the bathroom. This is a bit narrow, but as it’s really just me who is ever going to be down here, I can cut it in half and still be ok, when going to the loo.

Speaking of the bathroom, it’s quite a spacious one, especially compared to many of the other houses we had a look at before settling on this house. Theres plenty space to keep some of the smaller things that don’t fit anywhere else.

Finally the second of the smaller rooms, this one is right by the entrance. Recall the room to the left of this one is my home office. Here I will be storing tools, screws and other small things I want to keep dust free. My wife had wanted a space to do sewing etc. but she said I should use this until we managed to get a bit more settled and have the house in order.


It took me some time, but this is where I left off on Thursday evening. Don’t let the light fool you, we are far enough North that the sun only really goes down after 9PM.

It’s by no means neat and tidy, but it’s out of the way for what I wanted to do, this portion was also done right near the end, when I was most tired!

I still had a few small things to do, but my wife and kids were home from an outing so I called it a day and headed upstairs t hear how their day went.

Maybe I was ambitious when I said ‘cut it in half’. I have a bit less than half the width to walk through, but again, it’s just me and I don’t mind at all, given the extra space I have in the room where I wanted it most.

Apologies for the dark and danky looking shots. I bought some more bulbs and put one in the light socket, this looks way less creepy now 😉

Some might say I should just junk all this, but I have a purpose in mind for most of it. Being a fan of reducing, re-using and recycling it would just not feel right dumping this stuff. why? so I can just buy other stuff? Makes no sense to me.

The other small room with some stuff in it, including a dresser that had a brown cloth over it. I may need to add some more support to it before I store anything heavier on there.

On Saturday, I took some time to move the table saw from the small room to it’s new home in the bigger room. I now have space to put an additional feed table for if I need it when cutting larger sheets of wood.

I am getting there bit by bit, hopefully I can get started on some actual DIY, aside from what I have done in the house already. Putting up shelves, trying to sort out our geyser and low water pressure, hanging curtains etc. has taken most of my time. That and cutting back brush and brambles. I hate brambles!!

I still have some more stuff to do on the outside of the house, but at least now I have a space to store the tools neatly and do any running repairs as needed.

Litecoin Pauses Before The Next Leg Higher

Litecoin has begun trending on the upside trend, signaling a major bull run after finding a strong support above $125 price. Hence, LTC price is likely to break above the $135 resistance. Lately, Litecoin saw a sharp rise in the market, accelerating above Bitcoin, Ethereum, Ripple XRP to become stable against the US Dollar. After finding a crucial support above $125 price, LTC/USD trade pair has recently bounced back on the upside, rising above $130 price. LTC/USD trading pair is accelerating high in the market even above Bitcoin, Ethereum, Ripple XRP. Litecoin, as at press time, has tested the $131.40 level and it is currently moving high in the market.After trading low around $129 level, the altcoin recently climbed above $131 resistance level with 12% added value in the last 24 hours, and it is moving close to $135 as it continues to trend high in the market.

Source

The buyers have taken out the sellers at the daily supply at $137, with additional buyers for back up at the $115 level.

Because momentum is still to the upside and because of the upcoming halving (on August 6, just 73 days away the block mining reward halves every 840,000 blocks, and this one will see it decrease from 25 to 12.5 coins), look for price to move to the next level of major sellers at daily supply at $187.

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.

Index to Crypto with Bit Brain – Edition 2019/4

 

These Index posts always seem to build up content without me noticing it, I turn around and “BOOM!”, somehow I’m a month behind with them again! Let’s try to rectify that shall we?

As usual, I’ll start with the links to the previous “Index” posts. Bookmarking this post will therefore give you access to all of the very best posts which I have ever written!

Previous Index posts:

Index to Crypto with Bit Brain – Edition 2019/3 is the most recent Index, it was published on 10 May. It contains advice on how formally or informally to style your crypto business, precious metals information, how to buy high priced cryptos and still score, some very serious discussions about Private Blockchains and also about how you think you’re ready for decentralisation – but aren’t. Of course there is a lot more too.

Index to Crypto with Bit Brain – Edition 2019/2 was published in early April. In it you will find some posts about what I have been buying in 2019, the long overdue Part 3 of my “Diversification” series, some alternative exchanges worth looking at (rather important with Binance only semi-usable at the moment), a post about how to keep your crypto life anonymous and several other posts which have already proven to be prophetic.

Index to Crypto with Bit Brain – Edition 2019/1 contains links to some fantastic posts such as the series “No Kevin, Bitcoin will NOT bite the dust” where I debunk an argument against Bitcoin, I showed how I called the end of the bear in January and I revisited the old topic of Bitcoin ETFs. The three part (with an unofficial fourth part) series “Ripple – we need to talk” tells Ripple investors all the information that they really need to know about their pseudo-crypto. You can also find a pretty good article about ICOs and the BitTorrent Token rolled into one – probably a good read for any prospective BTT or ICO investors.

Index to crypto with Bit Brain – Edition VII – 2018 is the annual index which contains links to all of my other indices. In this Index you will also find some of my finest posts of late 2018 such as musings about DEXs, the vital Crypto Laws of Bit Brain – a must for any investor, you’ll see how to keep your crypto correspondence private, there are posts about great crypto projects like CargoX, Binance, THEKEY and UTrust and I talk about the dreaded Capitulation.

 

 

As usual I’m leaving out most of the price related and similar posts, they have little historical value and are not worth indexing; what’s left is the good stuff – and boy have we had some good Bit Brain posts lately!

Index to the latest posts:

Trustworthy Crypto Information Many exchanges lie about their trading volume. Wash trading is rampant. I often see estimates which state that 80-90% of crypto trading is wash trading. CoinGecko is doing something about it with its “Trust Score”. They are my favourite coin tracking site for this and many other reasons. Read this post, or see for yourself at https://www.coingecko.com/en

A Stable of Binance Coins – General musings Binance’s own Stablecoins: What are they? What do they mean for crypto?

The Future of Privacy Coins What do you know about Privacy Coins? What do you know about the FUTURE of Privacy Coins? This is important information for the wise crypto investor…

Crypto East vs West This is why you follow me – this is the kind of holistic, global, crypto, politics, warfare, futurist economic outlook that you simply can’t get anywhere else! This, ladies and gentlemen, is what Bit Brain does best.

Altcoin Buying Masterplan (it’s working…) I don’t tell you the names of coins to buy, I tell you the TYPES of coins to buy. Better than any altcoin investing advice you’ll find elsewhere!

Crypto Top 20 – in one paragraph apiece Just what the heading suggests – Bit Brain’s take on the crypto names you hear the most: The Good, the Bad and the Ripple. (I’m hilarious.)

Lets talk about: Facebook’s “Libra” Bookmark it; you’re going to need to refer back to it! Probably the best perspective of Libra that you’ll ever read.

Precious Metal Run Metals move a lot slower than crypto does. For that reason this TA based post gets a place in the Index. Still very relevant.

NEO news I don’t speak about NEO enough. People are still ignoring what is simply the best crypto out there. I make a very small effort to steer them towards the correct path.

 

 

SERIES

There is normally a series or two in these posts, and this post is no exception. From a writer’s perspective series posts are probably my favourite things to write. The format allows me to expand on more than what regular blog posts do.  I put a bit of extra effort into my series posts, and I’m particularly pleased with the result of my recent efforts. If you read none of my other posts, then read these:

DECENTRALISED VICTORIES:

The decentralised world is having very meaningful victories, not just in crypto, but in the whole mentality of the Western world. There IS hope! We will see great changes within our lifetimes – these posts not only tell you why, they also point out the first major decentralising changes which are already underway.

Decentralised Victories – Part 1: Introduction and the problem of Money

Decentralised Victories – Part 2: The problem of Power

Decentralised Victories – Part 3: Recent Decentralised Victories and Conclusion

THE BITCOIN HALVING EVENT

Halving events are surrounded by speculation and opinions – no facts. Litecoin is demonstrating that at the moment. Bit Brain gives you the facts.

The Bitcoin Halving Event – Part 1 

The Bitcoin Halving Event – Part 2

 

 

That brings the first half of 2019 to a close – all neatly wrapped up in four Index posts. Take a look at some old posts, much of what I write is designed to remain relevant for years, decades even. There are some very good posts tucked away in my various Indices, and I’m not just saying that because I wrote them.

 

Yours in crypto

Bit Brain

“The secret to success: find out where people are going and get there first” 

~ Mark Twain

“Crypto does not require institutional investment to succeed; institutions require crypto investments to remain successful” 

~ Bit Brain

Bit Brain recommends:

Crypto Exchanges:





Crypto Contest July 1: iExec RLC

iExec RLC (Binance: RLCUSD) 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, RLC began a wave one advance on December 15, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 15 this year, and the red wave two (blue sub-waves a-b-c) correction ended on June 27. If this wave count is correct, RLC should be heading next towards the May 15 peak in the red wave three.

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

Funnymentals

RLC is the native token of the iExec cloud platform. In exchange for RLC tokens, users can utilize the network to rent servers, data and applications. You can watch their latest hype video below.

(Sources: iExec RLC and YouTube)

How can I vote? Where is the contest?

You can vote by following this link.

🗞 Daily Crypto News, July, 1st💰

  • Cryptocurrency Mobile App Downloads Stall Amid Price Surge ;
  • Bitcoin, Facebook and the End of 20th Century Money ;
  • Monero and Zcash Conferences Showcase Their Differences (And Links) ;
  • First Blockchain Company Gets Listed on Deutsche Börse-Operated Xetra Exchange ;
  • Gemini is Chicago-bound after Coinbase’s exit, but who made the right move? ;
  • 🗞 Steemit Statistics & Big Data: 🚀 End of May 2019 Update 🚀
  • 📑 Daily Crypto Calendar, July, 1st💰
  • STEEM Trading Update

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

🗞 Cryptocurrency Mobile App Downloads Stall Amid Price Surge

Despite bitcoin’s (BTC) recent price surge, the download count of cryptocurrency-related mobile applications is not increasing, Bloomberg reports on June 28


Data form mobile app analytics firm App Annie shows that, while in the first half of 2018 there were 65.8 million cryptocurrency-related app downloads, in the first six months of this year there were 67 million, an increase of about 1.82%. 


This growth is not nearly as sharp as that reported in previous years, considering that the first half of 2017 saw 28.2 million crypto apps downloads from 2016’s 15.3 million, a 45% increase.

🗞 Bitcoin, Facebook and the End of 20th Century Money

There is never a dull moment in the world of blockchains and cryptocurrencies.


The two earth-shattering stories of the past two weeks – the launch of the Libra project and the wild swings in the bitcoin market  – might seem like unrelated topics. And, for the most part, the causal impact of the former on the latter is probably not much greater than that of another oft-noted bitcoin price correlation: the avocado chart.


However, the coincidence of these two developments does speak to how globally impactful Satoshi Nakamoto’s invention has now become.


From that wider perspective, these two developments are not at all unrelated. Indeed, they both capture elements of a massive, worldwide financial transformation, all happening at a time of growing economic uncertainty.

🗞 Monero and Zcash Conferences Showcase Their Differences (And Links)

Last weekend, two privacy coin conferences heralded the future of cryptocurrency governance: the hybrid startup model versus grassroots experimentation.


Over 200 people gathered in Croatia for Zcon1, organized by the nonprofit Zcash Foundation, while roughly 75 attendees gathered in Denver for the first Monero Konferenco. These two privacy coins are fundamentally different in a variety of ways on clear display at their respective events.


Zcon1 had a gala dinner with a seaside backdrop and programming that displayed close relations between companies like Facebook and the zcash-centric startup Electronic Coin Company (ECC), as evidenced by Libra being widely discussed with team members in attendance.

🗞 First Blockchain Company Gets Listed on Deutsche Börse-Operated Xetra Exchange

German Blockchain-as-a-Service (Baas) provider Advanced Blockchain AG has become the first blockchain development firm to be listed on Germany’s Xetra digital stock exchange, operated by Deutsche Börse. The news was reported by financial news site DGap on July 1.


The Xetra all-electronic trading system was founded in 1997 for use on the Frankfurt Stock Exchange, but has since expanded to over 200 trading participants from across16 European countries, as well as Hong Kong and the United Arab Emirates. 


According to recent data, Xetra accounted for €131.4 billion ($149 billion) of Deutsche Börse’s total cash markets €146.0 billion ($165 billion) turnover in May 2019, with an average daily Xetra trading volume of €6 billion ($6.79 billion).

🗞 Gemini is Chicago-bound after Coinbase’s exit, but who made the right move?

Gemini is hoping to achieve what rival Coinbase couldn’t: successfully building out a presence in Chicago aimed at luring high-speed traders to the incipient cryptocurrency market. 


The New York-based firm, led by twin brothers Tyler and Cameron Winklevoss, announced Thursday the new outpost for Gemini, which will scale its existing colocation data centers. In an interesting twist of fate, the firm says it has brought on a number of engineers who previously worked for Coinbase’s Chicago office, which was shuttered in April. 


Gemini shooting its shot


A person familiar with the situation told The Block Gemini attempted to recruit several employees who previously worked for Coinbase. They have brought on five, according to reporting by CoinDesk. 

🗞 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

📑 Daily Crypto Calendar, July, 1st💰

V1.0 “Narwhal” release, which includes the MainNet and NKN ecosystem.

“@Harmonyprotocol mainnet launch in 25 days!”

“Launch of BeliΞVE Live-Version on the 1st of July 2019”

“Stratis will be releasing our Cirrus Sidechain Masternodes on 1st July”

NPXS BEP2 integration and XWallet auto-swap, withdrawal, and deposit planned before July 1.

image.png

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

it was too nice to be true on the STEEM. The W pattern that we started yesterday has been invalidated today and we did go test again the support line around 0.34$. The support line at 0.34$ did its job but it is really possible that we finish to break it in case of acceleration of the correction on the BTC.

image.png

Last Updates

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