This is my entry for the #monomad challenge.
Taken with Fuji X-E1.
2 images stitched together in photoshop CS6 using ‘photomerge’
The twitter setup is there. The shorts a skeptics are on defense and the buyers have the ball. We have seen plenty of fumbles, and turnovers over the past few years but I beleive that $TWTR turned the corner last earnings and this earnings will have to PROVE IT. If this earnings passes the test the buyers and the stock will be off to the races. The pattern is there, the technicals are there, the past earnings report was promising, the expectations are low. Can Jack and company pull through?
This is what we in the technical business call an old fashioned cup and handle pattern. The stock tells a story. Every one usually does. You have the IPO run to 70+, then you have the sell off down to the teens and base. Now we are holding higher….and ready to explode. If $TWTR can pull off a run up into earnings and a gap and go, you ear looking at TWTR going back to all time highs in 2019.
Long $TWTR
Not only altcoins have been suffering the market correction…People, trying to increase desperately their stakes on BITCOIN is what we have seen these days…Everyone is panic selling their altcoins in order to avoid losing further…but this action does not avoid at all the losses since what we can see today is that the 24h volume of TETHER (USDT) is increasing while BITCOIN volume is decreasing…
During the past few days the volume between Tether and BITCOIN has stayed under equilibrium, in a proportion of 1 to 1, meaning that, for instance, we had exactly the same amount of Volume (24h) as you can see below in the pic I get yesterday:
Now, we have 1 Billion difference, meaning that BITCOIN is being Shortening .
I confess I did sell some BTC a couple of days ago as well, since the forecast seems clear and the count launches a 3-3-5 Correction…
Now, I am going to be focused on two main price levels:
Observing these two levels can bring me the chance to get between 17 and 25% more bitcoin and so getting more BTC for the same amount of FIAT (Dollar averaging).
Let’s see how the market evolves.
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.
Last night I was looking at the weekly chart of bitcoin and chatting with other crypto investors on the steemleo discord server.
I pulled up a weekly chart of bitcoin and pasted it in chat and said “who would buy that chart?”
At the time bitcoin was at 11,300…..I woke up this morning to see exactly why I said that as we have seen bitcoin (and others) sell off hard in the past 8 hours.
Looking at this chart you can see the reversal candle from a few weeks ago that the bulls decided they were going to to and trump and nearly did so. However, price was not able to breach that prior high at 13,900 and rolling back down price came.
Now this week’s candle is set to close in about 8 hours and has an ugly upper wick and room on the down side with support at 9,800 and the 10 period moving average still far away, currently at 9,200 and likely to move up to 9600 or so with the new candle.
Alot of signs saying price will test 10K again.
This is not to say one should have sold out or shorted last night….it just goes back to the title of this post:
If you want to learn how I read charts and the three simple things I use to trade crypto check out my scaredycat to investing in crypto videos. They are free to watch and are not on youtube.
Acute Angle Cloud (Huobi: AACBTC) 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, AAC began a wave one advance on February 19. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 8, and the red wave two (blue sub-waves a-b-c) correction ended on July 11. If this wave count is correct, AAC should be heading next towards the April 8 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
The Acute Angle Cloud aims to build a globally distributed IaaS service platform. You can watch their promo video below.
(Sources: Acute Angle Cloud and YouTube)
How can I vote? Where is the contest?
You can vote by following this link.
In this episode our guest Thomas Walls, Minister of Foreign Affairs, discusses:
1) New Liberland relations in Africa
2) The natural beauty of the African nations
3) A dynamic meeting that took place with the Students for Liberty
Contact Tom:
foreign@liberland.org
Follow the Liberland Show:
iTunes: itunes.apple.com/us/podcast/liberland-show/id1442988844…
Spotify: open.spotify.com/show/6oGiaY901GlfWbaFqgEEaF
Google Podcasts: https://www.google.com/podcasts…
*Our show is hosted by Adam J. Carswell.
Liberland delegation was invited to discuss future collaboration with director Predrag Mitrovic of Employers union of Montenegro. Topics included national cryptocurrency and special economic zones.
President of Liberland is in Albania for a first unofficial visit. He would like to use the opportunity to prepare for the opening of Liberland representative office in Tirana. There are 400 people in Albania that applied for Liberland citizenship. We hope to build strong ties with Albanian government and its people. 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 international status and future plans for governance of Liberland. Join us at Billionaire Lounge, Rruga Ibrahim Rugova 17, Tirana, Albania at 19:00 on Sunday the 14th of July. Also please join our facebook event.
Interview with Liberland Ambassador Joby Weeks about how small the world is becoming… and his trip to Antarctica to plant the Liberland flag!
Well, if you hoping for a one-way ride to new all-time highs – you’ve been disappointed. Bitcoin is going to have to do a bit more heavy lifting before we see blue skies. You may yet get another opportunity to accumulate BTC at sub 10k. Regardless, the crypto sky isn’t falling but some pointless Alts are certainly dying.
Crypto just crossed Donald Trump’s desk – he ‘thinks’ he doesn’t like it. My guess – Libra was explained to him -Bitcoin was referenced during that explanation. Libra = Facebook. Facebook is bad (usually unkind to the President). By extension Libra = bad and by association – Bitcoin = bad. Let’s see how this ‘stance’ develops in the coming months.
Keeping it simple – an explanation of cryptography that’s light on jargon. Anton Antonopoulos on the ‘Future of Money‘ is well worth the time.
Excellent summary of Binance’s recent performance and tokenomics (recommended):
https://twitter.com/lawmaster/status/1148196740681650177
Speculating vs Investing:
https://twitter.com/AriDavidPaul/status/1148229677410115584
Craig Wright seems to have come late into his ‘creation’ – I only link this so you can entirely move on from any consideration of this person as Satoshi Nakamoto:
https://twitter.com/MyLegacyKit/status/1147682521813082112
BTC Primer – many hours of quality material here (highly recommended):
https://twitter.com/BlakkBull/status/1148845230457851905
On Alts and their place in the next cycle:
https://twitter.com/woonomic/status/1149050679094206465
A small change of position:
https://twitter.com/peterktodd/status/1149520236351119360
A fine piece detailing the wash trading shenanigans of Day Bit:
https://old.trybe.one/archives/wash-trading-trybe/#comment-92207
A bullish outlook for EOS (recommended):
https://www.eoswriter.io/9896_eos-market-capitalization-will-soon-exceed-ethereums.eos
Proposed privacy changes to Bitcoin and Ethereum may have profound consequences:
https://nuggetsnews.com.au/changes-to-bitcoin-and-ethereum-is-trouble-brewing/
A not so cute ‘n’ cuddly take on Libra:
https://www.epsilontheory.com/the-spanish-prisoner/
A wide-ranging interview on the crypto landscape with Anton Antonopoulos (recommended):
https://www.10×10.ch/what-we-have-today-is-capitalism-that-is-afraid-of-free-markets/
A very simple but useful explanation of cryptography (recommended):
https://hackernoon.com/blockchain-cryptography-explained-to-a-9-year-old-8275c6eab6fa
The CEO of Atari explains their move into crypto-gaming:
Skip (insert random Netflix item here) and watch this instead (highly recommended):
A cautious interpretation of BTC price movement in its current pattern – may provide an entry opportunity if you have found yourself on the sidelines but keen to enter a position on Bitcoin:
Don’t hold your breath waiting on central banks to appoint crypto friendly leadership:
A visual explanation of China’s Social Credit System:
The Bitcoin blockchain as you have never seen it – beware addictive:
That’s it for this week’s crypto recap. As always, looking forward to your comments and suggestions.
Note on Sources:
Twitter & Reddit (cryptos current meta-brains) / Medium / Trybe / Hackernoon / Whaleshares / TIMM and so on/ YouTube / various podcasts and whatever else I stumble upon. The aim is a useful weekly aggregator of ideas rather than news. Though I try to keep the sources current – I’ll reference these articles and podcasts etc. as I encounter them – they may have been published just a couple of days ago or in some cases quite a bit earlier.
