MATIC technical analysis

MATIC seen from the temporality of 1D we can see how the price has reached a point ITZ where it has found demand and the current candle is being pushed above the support located at 0.01230, however, I still do not see any technical indicator confirming the movement, nor do we have any reversal pattern here, the candlestick structure is still inside the falling wedge so it could still touch the resistance of the wedge to make us a new LL where it would be a stronger buy signal for the bulls.

MATIC seen from the temporality of 4H we can see more closely the current movement of candles within the descending wedge that we have mentioned in 1D, we see that the current bullish candlestick momentum is finding resistance below the previous HL, this is a signal of continuation of the bearish movement, there usually has to be a succession of three HL structures, if the price starts to fall we should see the price fall towards the area of demand marked on the chart within the blue rectangle located within the price range of 0.00883 – 0.01029 where we would have a trend reversal pattern and a much more contracted price within the figure that would cause a strong bullish break.

In conclusion, the price seems to be forming a continuation of the bearish movement, so I recommend looking for a better entry into the demand zone of the blue rectangle, once we reach that zone the price is more likely to make the bullish break and reach our goal, in the chart I have drawn the possible trajectory that the price should follow in the next candles to reach 0.02756, which is an important level of supply that we must consider.

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: now, be careful…

…because in order to know if the bottom of the correction was IN, we have to see first BITCOIN over-passing clearly the 11000 USD level:

…and to do so, we need VOLUME!!!!

Essentially I would like to see a “balance” in the 24 Hour Volumen between TETHER and BITCOIN:

…as you can see, still there is a difference of almost 3Billion there…

The GOOD NEWS is that ALTCOINS are probably being feed also by TETHER since 87 out of the top 100 coins are in GREEN, by the way, also STEEM which is really a new NEW since we used to be stagnant while BITCOIN rises!

STEEM is 12% up from the Year’s BOTTOM, reached yesterday!

Enjoy and take care!

@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 Bounces…Be Careful! Analyzing BTC, Altcoins and Answering Your Questions.

Yesterday we discussed bitcoin bouncing off major support between $9,400 and $9,000. Price did just that, bouncing as low as $9,200 and currently trading around $9,850.

Screen Shot 2019-07-17 at 12.38.08 PM.png

In today’s video I analyze Bitcoin, LTC, EOS and BNB. We’ll discuss where prices may go from here, key areas to watch and so much more. I also answer many of your questions. 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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China has slashed clean energy funding by 39%, leading a global decline

China has slashed clean energy funding by 39%, leading a global decline (MIT Technology review)

  • According to a report by Bloomberg NEF, the global investment in clean-energy projects has dropped to its lowest level in six years, at $117.6bn for H1 2019, representing a 14% decline yoy.
  • China has reduced its investment by 39%, following reductions in solar subsidiaries. The US and Europe also reduced their investments by 6% and 4%, respectively. Spending in Japan, India, Spain, and Sweden rose.
  • The drop follows a slowdown in renewable-energy construction last year, and coincides with a reduction of private investments into clean energy companies (down by 2% to $4.7bn).
  • Despite the drop in China’s investments, the country remains the world’s biggest clean-energy spender. Spending may pick up again in H2 as some big offshore wind deals come through and China holds an auction for solar power.

Analytics and Comments

  • Renewables were becoming unsustainable as the grid was already starting to fail to cope with them. In 2016, solar curtailment rates in China rose to 16% as a result.   
  • This is the reason why solar plus energy storage is the only option, with massive growth already happening in places such as the US and Australia.
  • With growth in high power DC charging infrastructure, utilities and transmission companies will be forced in to invest in stationary storage, microgrids, virtual power plants, and electricity trading between households and commercial clients.
  • This is already happening and, in my view, represents a growth opportunity for the likes of big industrials such as Siemens, Schneider, ABB, and also smaller players such as Alfen, PSI and EPS.   
  • The news comes at a time when a new study by PLoS One, a peer-reviewed scientific journal, reports that more than 75% of the world’s major cities will experience drastic changes in climate by 2050.
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Currency Analysis Report 7/17/19 – How Low Will The Ruble Go???

The analyst who most accurately predicted the ruble’s rally in the second quarter is now its most pessimistic forecaster.

The Bank of Russia’s switch to monetary easing is the reason Jaroslaw Kosaty, a currency strategist at Poland’s largest bank, sees the currency sinking about 9% against the dollar by the end of the year. Foreign investors who piled into local OFZ bonds in anticipation of the cuts are largely done staking out their positions and the Bank of Russia says it expects the non-resident flows to fade, exposing the currency to further interest-rate reductions.

A second consecutive interest-rate reduction is possible at the central bank’s next meeting and it isn’t ruling out a cut of 50 basis points, Governor Elvira Nabiullina said earlier this month. According to Kosaty, the Bank of Russia will lower rates gradually by 25 basis points in the third and fourth quarters, though a 50 basis-point step is still possible at the July 27 meeting.

Source

So how low can the Ruble fall relative to the US Dollar, lets go to the charts?

Monthly Chart (Curve Time Frame) – monthly supply is at 77.000 and monthly demand is at 50.000.

Weekly Chart (Trend Time Frame) – the trend is sideways with a downside bias.

Daily Chart (Entry Time Frame) – there is no entry to short at the moment, but the chart suggests price can move down short term to the daily demand at 57.400.

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.

Give me Liberty, or give me Death! – Part 1

Yesterday I mentioned that I would probably have to say a few words about Trump’s attitude towards Bitcoin.

Trump’s recent Tweets have clearly shown where he stands on the topic of cryptocurrencies:

 

 

His pro-fiat bias is as obvious as it is expected: from a man who has great fiat wealth, I wouldn’t expect any less.

Of course his anti-crypto arguments are the typical drivel: he creates the “unlawful behaviour” strawman, which he then burns using the drug trade. It’s a classic logical fallacy. The internet is littered with pictures such as this one:

From https://www.foxnews.com/us/siblings-arrested-in-24-million-miami-marijuana-bust

 

 

News flash Cupcake – that’s not Bitcoin – that’s your good ol’ USD – you know, the same anonymous currency that drug lords have been stockpiling for decades:

From http://www.todby.com/2016/09/a-columbian-farmer-finds-drug-money.html

 

 

That particular barrel of Dollars is said to have once been Pablo Escobar’s. Speaking of Escobar and US Dollars:

“Escobar had so much cash coming in that his monthly bill for the rubber bands he used to hold the stacks of banknotes together was $2,500.”

“Escobar had so much money that he once burned $2 million in crisp banknotes just to keep his family warm when they were on the run.”

~ https://www.factinate.com/things/54-interesting-facts-organized-crime/

I could easily continue to pick fiat apart and show just how STUPID Trump’s tweets really are, but that’s been done before. I could also state the positive side of Trump Tweeting about Bitcoin, about how he is now lending legitimacy to crypto and showing that it is indeed a major player in the future of global finance; but that’s also not my objective today. I don’t want to re-invent the well or derail my own post, so instead I’m going to refer you to this Coindesk post: “What Trump’s Bitcoin Tweet Changes”, which I thoroughly enjoyed reading and which I mostly agree with.

No, today I want to talk about what Trump is standing against here: the liberty of his very own people.

“Give me your tired, your poor, Your huddled masses yearning to breathe free…”
~  A poem by Emma Lazarus on a plaque on the Statue of Liberty

Crypto IS Freedom. Crypto IS Liberty!

Crypto is the right to choose what money you want to use. Crypto is your way of saying “No thank you, I don’t want to be forced to enrich the rich at my own expense, I have the right to choose something else.” But Trump doesn’t like it, because it doesn’t make people like him rich, it doesn’t boost the US dollar – so he stands against it. Politicians generally care about only two things: money and power – even a non-standard politician like Trump is not immune to that.

But who am I? I’m just a random, anonymous internet guy. What do I know about politics? What do I know about true patriotism and what it means to fight for your country? Who am I to criticise the US president and say that he is being selfish, anti-liberty and unpatriotic? Well… I’m the best brain on the planet – but unfortunately a rather unknown one. So instead of using my own words, I’m going to borrow the words of others for the rest of this post. Let’s see what those a little more famous than I have to say on this topic:

Ruling by the Nazi playbook – Lessons taught by Joseph Goebbels

Bundesarchiv, Bild 183-1989-0821-502 / CC-BY-SA 3.0 ], via Wikimedia Commons

 

 

For those of you who may not know, Joseph Goebbels was an instrumental part of Hitler’s strategy. Goebbels was a Nazi who headed the “Reich Ministry of Public Enlightenment and Propaganda”  (German: Reichsministerium für Volksaufklärung und Propaganda) from its establishment in 1933 to its dissolution in 1945. Its purpose was to “centralise Nazi control of all aspects of German cultural and intellectual life.” (Wikipedia) Goebbels was obviously an evil, hateful and tyrannical fascist of the highest order, but he was no fool.

Goebbels was the original authority on propaganda, it was the method he chose to control the minds of the German public during and prior to World War II. Sadly, it seems as if history is doomed to repeat itself, as history always does.

It is common to hear politicians get called “fascists” or “Nazis”, you can see it in the media or social media every day. Perhaps if people realised just how close such comments are to the truth, then they might pay them more attention..

Let’s take a look at some of Goebbels’ many quotes on the subject, see if any of these sound familiar…

There was no point in seeking to convert the intellectuals. For intellectuals would never be converted and would anyway always yield to the stronger, and this will always be “the man in the street.” Arguments must therefore be crude, clear and forcible, and appeal to emotions and instincts, not the intellect. Truth was unimportant and entirely subordinate to tactics and psychology.

Goebbels said that you can just ignore those clever enough to see the truth, and rather appeal to the emotions of the less educated masses. After all, he also stated that:

…the rank and file are usually much more primitive than we imagine. Propaganda must therefore always be essentially simple and repetitious.

The goal of propaganda is to achieve total and lasting control of the population:

The essence of propaganda consists in winning people over to an idea so sincerely, so vitally, that in the end they succumb to it utterly and can never escape from it.

… so that the majority don’t even realise that they are being manipulated…

This is the secret of propaganda: Those who are to be persuaded by it should be completely immersed in the ideas of the propaganda, without ever noticing that they are being immersed in it.

…or worse still, they believe that they are free, yet they are not:

Propaganda works best when those who are being manipulated are confident they are acting on their own free will.

Goebbels knew that he had to win over the majority of the people in order for Hitler’s idea of a Nazi dictatorship to succeed:

Whoever can conquer the street will one day conquer the state, for every form of power politics and any dictatorship-run state has its roots in the street.

And once in control, he had to steer their thoughts and minds: (As I have told you many times in my own posts such as this one.)

Not every item of news should be published. Rather must those who control news policies endeavour to make every item of news serve a certain purpose.

He knew that people don’t care to interrogate information presented to them, because they are beings of emotion. Nothing has changed in this regard and it is how the fiat money which makes everybody poorer continues to rule the world today:

If you tell a lie long enough, it becomes the truth.

The English follow the principle that when one lies, it should be a big lie, and one should stick to it.

Goebbels also knew that Representative Democracies – such as those which most Western nations still use today – are easy to corrupt. Of course these days there are almost no good people left in politics at all – our Democracies have been completely hijacked by those who seek to control us for their own purposes:

We enter parliament in order to supply ourselves, in the arsenal of democracy, with its own weapons. If democracy is so stupid as to give us free tickets and salaries for this bear’s work, that is its affair. We do not come as friends, nor even as neutrals. We come as enemies. As the wolf bursts into the flock, so we come.

These days we can clearly see how, in the name of the sacred cow named “Democracy”, many of our once proud nations are decaying into socialism. Venezuela is also a Democracy. So is Zimbabwe. Remember that.

To be a socialist is to submit the I to the thou; socialism is sacrificing the individual to the whole.

Goebbels told us how, once in power, the evil entities of government would never relinquish that power willingly. Again, look at Venezuela and Zimbabwe.

If we have power, we’ll never give it up again unless we’re carried out of our offices as corpses

And while it wasn’t the major driver of his time, he knew that money is the nefarious driving force behind almost all the evils of the world.

The money pigs of capitalist democracy: Money has made slaves of us. Money is the curse of mankind. It smothers the seed of everything great and good. Every penny is sticky with sweat and blood.

Once he had succeeded in building the power which the Nazis required, Goebbels stated that:

We have made the Reich by propaganda

Further confirming that politicians will say whatever they need to to get what they want.

It is clear to me today that our so-called leaders are using Goebbels’ tactics to control the populations of our world. They may not wear swastikas on their arms, but they are fascist Nazis all the same!

BUT!

There IS a very good chance that crypto could bring their whole world tumbling down. They KNOW it and it’s why they are putting up so much resistance to it. It has caught them off guard and they haven’t managed to formulate a proper response to it. They missed the bus when it came to controlling it, and now it threatens their very power-base. It is for this reason that I strongly support and promote crypto. It is for this reason that I despise rubbish like Libra, XRP or JPM coin or other fake “cryptos” – those exist to serve bankers and large corporations – the people pulling the strings of the puppets.

There IS hope for our crypto-based future and if we stand by it we CAN defeat the current powers-that-be. Goebbels said it himself:

There will come a day, when all the lies will collapse under their own weight, and truth will again triumph.

It certainly happened to his evil regime – and history is ready to repeat itself…

I’m not done yet, far from it! That was only the “Goebbels part” of my argument. I have much more in store for you: many more great words said by men and woman a lot less evil than what Joseph Goebbels was!

I’ll be sharing those with you in Part 2, so stay tuned and hear what the good guys have to say!

Attribution: Featured Image (Statue of Liberty) by Ana Paula Nardini from Pexels

Tweets from https://twitter.com/realDonaldTrump

 

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:





Are Bitcoin and Libra Correlated???

It seemed when Facebook announced their own cryptocurrency, Libra…Bitcoin took off going from about $10k to $14k.   Libra is designed on paper to be an alternative to traditional financial services for the billions of people worldwide who lack access to banking through a digital wall.

However, the announcement really scared the government because of the potential of fiat being the beginning of the end.

Over the past two weeks, Facebook has received a wave of criticism from the likes of the Federal Reserve Chair, the House Financial Services Committee, the Treasury Secretary, the Senate Banking Committee, and even the President himself. While Libra’s bright future has turned darker, or at least delayed, Bitcoin’s present is back in the red.

From Senators questioning the age-old privacy problem of Facebook to calling Libra outright delusional, they reigned down on David Marcus, lead of the Libra Project and VP of Messaging Products at Facebook. The aging US lawmakers were concerned about Libra’s plan to overhaul national currencies and manipulate monetary policies, and with the “massive reach” of Facebook, that prospect looks even more menacing.

After Steve Mnuchin, the Treasury Secretary descended on the cryptocurrency market, the price shaved over $500. As the Senate hearing began, the price dropped by over $1,000 in less than 2 hours, to $9,500.

Source

Bitcoin now finds itself around $9400 and within the daily demand zone at $9200. 

So is Libra and Bitcoin correlated, for now it appears they are correlated.  However, Libra is a medium-of-exchange where users can send money and house transactions, while Bitcoin has become a store-of-value, digital gold.  And because of this, Bitcoin is giving folks an opportunity to buy on a pull back to one of the daily demand zones before eventually moving higher. I personally like the $8000 level better than the $9200 level. 

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.

Crypto Contest July 17: InvestDigital

InvestDigital (Huobi: IDTBTC) 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, IDT began a wave one advance in December 2018. The red wave one finished in April this year, and the red wave two correction ended in May. The red wave three advance finished in June, and the red wave four correction ended on July 12. If this wave count is correct, IDT should be heading next towards the June peak in the red wave five.

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

Funnymentals

InvestDigital is the asset management protocol and toolset for crypto assets, and it is implemented on EOS blockchain. All the InvestDigital products are listed below.

(Sources: InvestDigital)

How can I vote? Where is the contest?

You can vote by following this link.

🗞 Daily Crypto News, July, 17th💰

  • Facebook’s Libra Should Be Regulated Like a Security, Says Former CFTC Chair ;
  • Cuba Libra? Island Nation Slowly Explores Cryptocurrency Options ;
  • Facebook’s Marcus Says He’d Accept 100% of His Pay in Libra ;
  • Global Blockchain in Healthcare to Reach $1.7 billion by 2026 ;
  • Ron Paul: ‘I’m All for Cryptocurrencies, I Like Competing Currencies’ ;
  • 📑 Daily Crypto Calendar, July, 17th💰
  • STEEM Trading Update

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

🗞 Facebook’s Libra Should Be Regulated Like a Security, Says Former CFTC Chair

Libra is a security, says a former Commodity Futures Trading Commission (CFTC) chairman in prepared remarks to the U.S. House of Representatives.


Gary Gensler, who chaired the CFTC from 2009 to 2014 and previously held leadership roles at the U.S. Treasury Department, says in written testimony that Facebook’s new cryptocurrency project looks like an investment vehicle and that Libra may even resemble some banking structures.


Gensler will testify before the House Financial Services Committee on Wednesday, as part of a panel of expert witnesses on the potential implications of Libra. He will join Public Citizen president Robert Weissman, Columbia University law professor Katharina Pistor and Georgetown University law professor Chris Brummer.

🗞 Cuba Libra? Island Nation Slowly Explores Cryptocurrency Options

Cubans are quietly exploring cryptocurrency use-cases on the politically isolated island, even watching Facebook’s Libra project with cautious optimism.


Cuban expat Claudia Rodriguez of the Brazilian startup Fusyona, the sole bitcoin exchange proactively serving Cubans, told CoinDesk the exchange has nearly 700 accounts since launching in 2018. She said up to 60 users purchase a total of one or two bitcoins every week.


“For Cuba, that is a lot,” Rodriguez said. “Cuba is probably going to be very interesting for Libra [developers] and I hope there will be some potential there.” In its launch materials for the Libra stablecoin, Facebook has focused heavily on the potential to connect the world’s underbanked with digital financial services.

🗞 Facebook’s Marcus Says He’d Accept 100% of His Pay in Libra

Facebook’s blockchain lead David Marcus told lawmakers he would be willing to accept 100 percent of his salary in the social media giant’s proposed Libra cryptocurrency.


During a Senate Banking Committee hearing on the controversial project Tuesday, the ranking member of the panel, Sen. Sherrod Brown (D-Ohio), asked Marcus if he trusted Libra enough to put skin in the game this way.


“You really think people should trust you with their hard-earned money, I think it’s delusional,” Brown said, after enumerating Facebook’s history of privacy abuses. He then posed the question: “Will you accept all of your compensation in that new currency?”

🗞 Global Blockchain in Healthcare to Reach $1.7 billion by 2026

The volume of blockchain in healthcare market worldwide is forecast to reach more than $1.7 billion by 2026.


In a press release published on July 16, consulting services to information technologies firm Acumen Research and Consulting (ARC) has projected that the global blockchain in healthcare market on the global scale will reach over $1.7 billion by 2026, with a compound annual growth rate of 48.1%.


Based on geography, America purportedly dominates with the largest share in the global blockchain in healthcare market, wherein the United States is a mature market that hosts the greater adoption of smart technology in manufacturing and healthcare.

🗞 Ron Paul: ‘I’m All for Cryptocurrencies, I Like Competing Currencies’

Former Republican congressman and presidential candidate Ron Paul says he is in favor of cryptocurrencies and blockchain technology because he likes competing currencies. Ron Paul delivered his remarks in a “Squawk Alley” interview on CNBC on July 15.


According to Paul, cryptocurrencies are a great idea, and governments should only step in to regulate the space to prevent fraud:


“… I’m for the least amount of regulation. I don’t know what’s gonna happen to cryptocurrencies. I think it’s a great idea. And I only have one rule: no fraud … I think that the government has a role. And [if] somebody has a case that there is fraud, I think it should be investigated …  What I want to do is legalize the freedom of choice, absent blatant fraud.”

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📑 Daily Crypto Calendar, July, 17th💰

“We are excited to announce the official release date of Equal Wallet Connect on the 17th of July.”

Workshop with dApps and writing smart contracts on WAVES blockchain in Saint Petersburg, Russia.

“Join the SDF team and @Coinsquare for a #StellarMeetup on Wednesday, July 17.”

Fireside chat with Ted Livingston, CEO of Kik and Founder of Kin from 18:30 – 21:00.

“Join us in Cambridge, England, 17 July to design the best trading agent.”

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

We are currently consolidating just upper the major resistance line at 0.24$ while the BTC is having a very nice bounce. It is becoming hard for all the altcoins and STEEM is not better than other and is sometimes even worst. What to say, we have to wait for better days, the market doesn’t really care currently for the altcoin market and I really don’t know how many time it will last like that. Courage and perhaps focus on the BTC if you want do short term trades.

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Last Updates

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