Day: July 11, 2019
Steem price action is horrendous to look at. Alts go up, Steem stays in place. Alts go down, Steem goes down like the worst of them.
So i thought… Whats really the point of moving my STEEM and trading it for something else when its not really worth it. Its completely and utterly undervalued and i have no idea what token out there comes close to how undervalued STEEM is. What am i going to trade it for?
Bitcoin? Ethereum? EOS? ETC, LISK or VERGE (haha i just peed a little)
Hell no! I might as well send it to @null. Buying anything else with Steem right now feels like a complete waste…
When i powered down a few k Steem weeks ago it was due to the hardfork which i disagree with but the more that i look at the situation right now it seems that it doesnt matter if its a hardfork, softfork, spoon or a spork.
So ill just press the button.
What was that one song…. I got it……Celebrate good times, come on!!!!
Its a dolphin party up in here! Everyones invited.
PS: There will be a separate area for bot owners behind the outhouse.
Positive news coming from steemit INC, we can now test the HF21!
Let’s celebrate it with an amazing transaction from Bittrex to steemit of… 1.990 STEEM!
and this is only the beginning!
Meet two Hungarian representatives. Somogyi Mate does not only help with maintaining diplomatic office in Budapest, but his company ProfiSzolar.hu already provided 15KW solar powerplant to Floating.ll.land. Second representative in Hungary Balázs Magyar is recently launching Liberland flight school. — s uživateli Vít Jedlička.
ATOM seen from the 1D temporary we can see how the previous candle and the current candle are finding demand in this support located at 4.305, the current candle is forming a hammer candle with a higher buying pressure, this is a reversal signal of trend, we should have confirmation at closing and with the next candle.
ATOM seen from the temporality of 4H we can observe more closely what we have mentioned above, as we see, the current movement of the candles are marking a setup of inverted SHS, a well known bullish pattern, we still have no confirmation as the price would have to test the support that has recovered after the pullback made, once correctly tested with confirmation wicks, the probabilities of a bullish movement are very high, if the price fails the test forming a lower high, then the probabilities of a bearish movement are higher and we could see the price fall towards the weekly demand support located at 3.752.
In conclusion, the price in 4H is in oversold starting to show bullish impulse, if the price manages to consolidate above the support located in the 4.305 it is very sure that we will see the price rise towards our objective indicated in the graph within a blue rectangle that is located within the price range of 5.47 – 5.63, as I mentioned before, if the price forms us a lower high the price could go down, I recommend to be attentive to the next candles in 4H.
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
The President of Liberland is in Montenegro for an unofficial visit. He would like to prepare for the opening of Liberland representative office in Podgorica. There are 200 people in Montenegro who applied for Liberland citizenship. We hope to build strong ties with Montenegro government and its people. The President of Liberland will also introduce the latest projects in Liberland including Liberland airport or http://floating.ll.land. He will also explain to you more about the international status and future plans for the governance of Liberland. Join us at Pizzeria Atelje at 19:00 on Friday, July 12. Also please join our Facebook group: https://www.facebook.com/groups/616673561862028/
Kroger Co.’s stock has been beaten down this year, but some investment pros are bullish on its prospects for a rebound.
“While I think the battle for market share in the grocery space is far from over, I believe the risks are worth the potential rewards when I look at Kroger’s dividend metrics combined with its low valuation,” Nicholas Ward, of private investing community the Dividend Growth Club, recently wrote on investment website Seeking Alpha,
Ward doesn’t own Kroger stock, at least not as of the Monday writing of his post on Seeking Alpha.
While Ward believes the risks are worth the potential rewards, he doesn’t own the stock…I wonder why.
Maybe because Kroger must compete against Amazon in the digital world.
Maybe because Amazon is planning on opening dozens of grocery stores in several US cities.
Maybe because a couple of months ago, a Robert Beyer, Kroger Co. director has completed the largest outright stock sale by a company insider in six years.
Maybe because price broke out of the wedge to the downside. Kroger is not a buy, the chart suggest, price is heading to the monthly demand at $16.50
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.
This is a quick look at what BTC is up to today and what it might do in the next day or two.
I remind you that I post a steady stream of short crypto updates and suggestions on Twitter. As you will see, most of what I say today has already been said there some time ago. Twitter is the place to be if you want my real-time analysis of crypto price action.
Well the Libranauts are out in full swing again, once again claiming that Libra decisions have affected the price of Bitcoin. This is not just wrong, it’s stupid! Anybody with half an eyeball would have seen markets jumping all over the show yesterday: crypto, precious metals, forex. I’m SURE that the Fed discussing the future of interest rate cuts was not the real reason for the BTC dip!
The S&P 500:
Even the Euro:
Clearly global finances are now only concerned about one thing: Mark Zuckerberg’s fake crypto. Honestly, this Libra hysteria is beyond belief! It brings out the worst in me: during my basic military training phase – many moons ago – we had an instructor who always used to threaten us with: “I’ll rip your arm off and hit you with the bloody side!”. If only I could catch a journalist in the act of writing such Libra rubbish, I would feel obliged to carry out that particular form of “behaviour correction”!
As I was saying before I so rudely interrupted myself: I announce a lot of my crypto ideas on Twitter. This is what I thought yesterday when prices were sliding:
But I was wrong about support holding:
And that’s what I still think for now. Let’s see that on the charts:
I am expecting Bitcoin to find support at about $10900 – the base of the diagonal Fib levels. Since this dip is based on no fault of BTC’s, I expect that the dip will be bought rapidly as people realise this. It remains mind-boggling that investors continue to treat BTC like a regular asset (dumping it at the first sign of FUD), when it clearly plays according to different rules. Maybe one day they will learn… – but don’t hold your breath.
Because BTC was upwardly mobile prior to the dump, I expect it to rise fairly fast. probably straight back up to the 0.382 diagonal Fib resistance level which it was testing prior to the dip. That level is sitting above $13k and climbing.
Alternatively: the still shaky market (2018 taught people the meaning of “fear”!) might not have that much confidence, in which case BTC will pull out of the climb one level lower: somewhere near $12500.
I very much doubt that BTC will break the 0.0 Fib level and continue downwards, that would be against all the odds. Still, this is crypto, so let’s say there is a 1% chance that that can happen. Looking at this medium-term chart, it’s hard to imagine such a scenario in an asset which is so bullish at the moment: (though not nearly as bullish as what it may later become!)
A more likely alternative is that BTC – now being suppressed by FUD, breaks straight through the Fib level at around $13500 and climbs to the next higher level. We could be looking at $14400 BTC before the weekend…
Scenario weighting is as follows:
- BTC hits support and climbs rapidly back to the 0.382 diagonal Fib ($13500ish) – 40%
- BTC hits support and climbs rapidly back to the 0.236 diagonal Fib ($12500ish) – 30%
- BTC hits support and climbs to the 0.5 diagonal Fib ($14300ish) – 15%
- BTC breaks support and heads lower – 1%
- Something else – 14%
Even though Libra isn’t to blame for this, blaming the Fed is hardly much better. Yes, it DID probably cause this dip, but it shouldn’t have. Sadly we still live in a fiat-centred wordl. I live for the day that crypto take over and that fiat events no longer mater to anyone. Hopefully I live to see that day.
Don’t listen to moronic journalists and “analysts”, listen to Bit Brian.
Yours in crypto
All charts made by Bit Brain on TradingView
All Tweets from https://twitter.com/brain_bit
“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:
- Coinbase Is in Talks to Launch Its Own Insurance Company ;
- Binance Officially Launches Its 2.0 Platform With Margin Trading ;
- US SEC Approves Blockstack Token Offering Under Regulation A+ ;
- Visa, Blockchain Capital, a16z Back $40 Million Series B Round for Crypto Custodian Anchorage ;
- Winklevoss Twins’ Gemini Exchange May Join Facebook’s Libra Project ;
- ? Daily Crypto Calendar, July, 11th?
- STEEM Trading Update
Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!
Coinbase is exploring plans to set up its own “captive” insurance company, industry sources said.
At the start of this year, insurance broker Aon began establishing captive companies in the Cayman Islands, working with a handful of cryptocurrency firms.
Aon says a captive structure can help firms get access to additional coverage at more reasonable prices.
Insurance for crypto remains scarce, and major exchanges Kraken and Huobi say they simply self-insure by setting aside coins to cover losses from thefts or hacks.
Binance’s move to expand trading possibilities to meet the full scope of institutional and retail traders’ needs had already been indicated by exchange CEO Changpeng Zhao this May — the same month the exchange had suffered a major hack incurring $41 million in losses.
In today’s announcement, Binance notes that margin trading — which allows exchange account holders to use their existing balances as collateral to open both long and short positions on crypto assets — can significantly amplify profit potential as compared with regular trading.
The United States Securities and Exchange Commission (SEC) has given blockchain-based startup Blockstack the go-ahead to run a $28 million public token offering under Regulation A+, according to a report by The Wall Street Journal (WSJ) on July 10.
Blockstack will reportedly launch its token offering online tomorrow, July 11. While other firms have previously taken advantage of Regulation A+ funding, this marks the first time that investors will receive a token, rather than shares in the company.
Regulation A+ is an initial public offering (IPO) alternative geared towards startups in need of early funding. Regulation A+ funding was introduced in 2012 via the “Jumpstart Our Business Startups Act.” As the report says, any member of the public can partake in a Regulation A+ funding round.
Anchorage, a company providing crypto custody services for institutional investors, has just raised $40 million in a Series B funding round.
In an announcement Wednesday, the firm said the round was led by Blockchain Capital, with Visa Inc. and existing investors such as Andreessen Horowitz also participating. Anchorage has now raised $57 million in total funding since 2017.
Diogo Monica, Anchorage co-founder and president, said:
“Our mission at Anchorage is to advance institutional participation in the digital asset class, and this funding will improve our ability to do precisely that. To have the support of pioneering organizations like Visa and Blockchain Capital is a validation of Anchorage’s vision for the emerging economy of digital assets.”
Tyler and Cameron Winklevoss, co-founders of the New York-based crypto exchange Gemini, may soon join the Libra Association, the consortium governing Facebook’s proposed cryptocurrency.
“We’re definitely looking at it in earnest and we’re excited about the project,” Cameron told CoinDesk Tuesday.
Tyler added that in their view, Libra is a harbinger of cryptos to come:
“Our feeling is, this is the first of many FANG [Facebook, Amazon, Netflix and Google] companies to have a token project. Our prediction is in the next 24 months almost every FANG company will have a coin or be working on some sort of project.”
? Daily Crypto Calendar, July, 11th?
6th Airdrop Snapshot
ColossusXT will be listed on SWFT Blockchain. $COLX can be bought with almost 200 different cryptocurrencies on SWFT app.
“On July 11th, $NULS will be holding our Basic and Business Application Module Workshop in San Jose, CA.”
Learn how to create your MRC20 token and how to deploy a smart contract for ICO in Mchain.
“6 Days to go till RIDE opens up new features for the #Waves ecosystem’s users!”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
I was saying you since days that the market was trying to break the support line at 0.34$, it is now done and as expected, we are droping heavly… That line became a major support line over the weeks and the break of it is again a very negative signal for the value of the STEEM… Lot of altcoins are using the excuse of a small correction on the BTC to have important drop but as always for correction, STEEM is again one of the best.
- ? Daily Crypto News, July, 10th?
- ? Daily Crypto News, July, 9th?
- ? Daily Crypto News, July, 8th?
- ? Daily Crypto News, July, 5th?
- ? Daily Crypto News, July, 4th?
- ? Daily Crypto News, July, 3rd?
- ? Daily Crypto News, July, 2nd?
- ? Daily Crypto News, July, 1st?
- ? Daily Crypto News, June, 28th?
- ? Daily Crypto News, June, 27th?