Blog – Page 311

Do You Agree With Todd Gordon On The SPDR ETF, XLC???

February 21, 2019

The Communication Services Select Sector SPDR ETF, XLC seeks to provide precise exposure to companies from the media, retailing, and software & services industries in the U.S. Launched in June of 2018, XLC was created in response to this year’s changes in the Global Industry Classification Standard, the sector benchmarking system used by many indexers to classify thousands of stocks worldwide.

The top holdings include:

Source

Todd Gordon, founder of TradingAnalysis.com, says resistance in the broader market could exacerbate weakness in the sector.

“We have a series of three tops right around $280 in the SPY, 2,800 in the S&P 500. I think that

Crypto Contest February 21: Qtum

February 21, 2019

Qtum (Bittrex: QTUMUSD) 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, Qtum began a wave one advance on December 7, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 24, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on February 6 this year. If this wave count is correct, Qtum should be heading next towards the December 24, 2018 peak in the red wave three.

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

Funnymentals

Qtum is a decentralized blockchain application platform capable of running smart contracts on

Confusion in the WHALE MARKETS! WLS vs. WHALECOIN

February 21, 2019

I love markets. It is one of my favorite things…and this is the type of things that make it fun! Recently, since @freedomexists brought his WHALECOIN back online we now have a market to compare WLS to. The whalecoins are markets withing WLS, however they should jive with one another. I am here to tell you that WLS is UNDERVALUED! Here is why…

I am constantly powering down my growing whalestake in order to put more WLS out on the open market for people to buy. With the inflation rate I think this is proper to do so others can stake

Speculators Not The Only One With The Gold Bug

February 21, 2019

Gold prices rose more than $20 and hit a 10-month highs yesterday. Some are saying the catalyst was the World Trade Organization’s quarterly outlook indicator, a composite of seven drivers of trade, reported a reading of 96.3 (a reading below 100 signals below-trend growth in trade).

On the news price breached the daily supply at $1330.

Speculators aren’t the only ones making money/hoarding gold in fear of turbulent times ahead. The central banks are also buying gold.

For some time, global central banks have also been hoarding gold. As a matter of fact, they are one of the world’s largest gold investors,

Crypto Shopping Cart – 20 February

February 20, 2019

Guess who’s been crypto shopping again! No question mark there, that was clearly rhetorical.

I started blogging in mid-March last year, not too long after the beginning of crypto’s biggest ever bear market. For this reason, I’ve done very little cryptocurrency buying since I’ve become a blogger. It’s a pity that you didn’t know of my exploits before then – I was a voracious trader (who probably ended up spending way more than what could be considered wise on transaction fees). With a change now happening in the markets, I’m now using myself as a metric. That sounds weird but bear

My music photography – Rus from Skiprat

February 20, 2019 (updated February 20, 2019)

Rus from Skiprat playing live….

Taken with Canon Eos 300D

https://www.skiprat-uk.com/

Accumulation/Distribution/Greed

February 20, 2019 (updated February 20, 2019)

Lately ive been thinking about the token distribution happening on STEEM and WHALESHARES.
For those that had an opportunity to read my thoughts on the current state of things know my position on what is happening right now on both platforms.
The biggest issue (outside development related things) both platforms are facing at this moment is pure, unchallenged greed or what you can call token accumulation maximization.
If i didnt call this “greed” and use a negative term for what is happening, most folks wouldnt see this as a bad thing. Thats mostly due to the topic being too broad.

The problem of greed we are facing basically means that the reward pool is tilted greatly on the side of maximizing accumulation.

So why is that bad?

Well for one it has a negative impact on the general sentiment on what is supposed to be a social media token redistribution platform, and it destroys what we call “proof of brain”.

Folks that did an analysis as to what percentage of the newly created STEEM goes to bots they came to a number of around 20%. Add to that upvote selling services, add selfvoting and circle jerks and you will get to a number indicative of the relation between accumulation and distribution.
How much of the inflation creating potential of SP holders returns right back to the pocket of those same SP holders.
I dont have the stats, but i think its fair to assume that its more then 51%.

Not only is this bad for the general sentiment, but its bad because by having poor distribution that also reduces the earning potential for new users which leads to diminished demand for the token.
What does that make of STEEM?
@acidyo wrote a post the other day about how great it will be once we have a million accounts with $1 upvotes supporting their creator of choice..

My question to that is:

If the token distribution is happening in the way it is right now, with tokens created going right back to the creators in percentages of 50%,60%,70%, 80%.., the inflation reducing every year, how will there ever exist such a middle class here?

What if with that the STEEM price goes up? Who is going to pay 10$ for a STEEM token to potentially get a fraction of a fraction of the tokens that are not going right back to the pockets of selfvoters, circle jerks, bots, vote sellers?

So really, why have upvotes anyways? Why have content? Why not just get rid of all that and simply pay out 100% of the upvote token amount back to the SP holder?

We all know fair well why.

Ill see you around. 😉

EOS Strength is a Leader!

February 20, 2019

EOS is showing some massive strength and everyone should stay the course long. You can see that it is coming into some resistance of the 200 day MA below, but the RSI is showing incredible strength. I would not plan on selling this until some negative divergences show up on the daily chart and would continue to accumulate. EOS is currently number 4 in marketcap followed closely by LTC (which is ABOVE the 200 day MA actually). Both of these are leaders right now and you want to be IN THE BEST. This is called relative strength my friends. Learn

Evidence Smart Money Crypto Infrastructure Is Being Built

February 20, 2019

I have been talking for quite some that that the pipelines from Wall Street to the Crypto space is being built. I have been talking for quite some time that the Smart Money is gear up to put $2 trillion to work in the Crypto space. Here is yet another example of the Smart Money coming to a Crypto near you.

Stock exchange operator Nasdaq is adding indices for bitcoin and ethereum to its global data service later this month. The company announced Monday that it has partnered with New Zealand-based blockchain data and research firm Brave New Coin to offer information on

BITCOIN – 20 Feb

February 20, 2019

On 4hr chart, consolidation doing it’s thing for the next move. Instead of a move gradual curve down consolidation like leg one, this possible leg 2 seem to be trying hard to push for the 4000 zone, if it break nice 4250 next resistance also the possible long ascending triangle. As mentioned in earlier post, feb tends to end bullish, with about a week plus to go, looks like it’s very likely to close feb bullish.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :132
Total marketcap :135
Dominance :51.6
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart

So really, why have upvotes anyways? Why have content? Why not just get rid of all that and simply pay out 100% of the upvote token amount back to the SP holder?

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