On 4hr chart, possible down channel testing the channel top resistance. Can it break above ? Likely not. Margin short on possible ascending triangle bottom, might look to bounce and build up short volume, they been missing in actions for quite awhile.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :138
Total marketcap :123
Dominance :52.2
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :
Over the last several days the S&P 500 has been a bit range bound. Looking at a shorter time frame, such as the hourly chart we can see this trading action and that the index at this moment is trying to breakout to the upside.
Market Action
The opening bell was 30 minutes ago and despite disappointing earnings from yet another bank, JP Morgan this time, the SPX is pressing higher.
As you can see in the hourly chart above, price action has been stuck in a range the past five trading sessions and the index is now pressing the upside of that
VIBE (Binance: VIBEBTC) 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, VIBE began a wave one advance on September 12, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 22, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on December 14, 2018. If this wave count is correct, VIBE should be heading next towards the September 22, 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
VIBEHub is a virtual and augmented reality metaworld that specializes in using volumetric video
On Sunday I wrote about an article written by economist/financial expert Kevin Dowd. It discusses why Bitcoin will become worth nothing. I disagreed, but I did not say why he was wrong. Now I am doing just that.
After I finished formatting my counter-arguments, in true Bit Brain style, I realised that they were longer than expected. This is why this is the third post of the series, the one which debunks Kevin’s second argument.
You have to have read the first post for this one to make any sense. You may find it here: https://mentormarket.io/bitbrain/no-kevin-bitcoin-will-not-bite-the-dust/.
You should also read the second post
PG&E faces at least $30 billion in potential liability costs stemming from wildfires in 2017 and 2018, many allegedly started by the company’s equipment, that have led state officials to doubt the safety of the company’s electric distribution system.
Investigators have already determined PG&E’s equipment liable in at least 17 major wildfires in 2017. State investigators are still working to determine if the company’s equipment was partly responsible for November’s Camp Fire, which killed at least 86 people and destroyed about 14,000 homes, making it the state’s deadliest fire.
PG&E Corp. stock cratered Monday after the company said it will file for
I have been lurking and hunting for the commodity bottom for the past 3 years. Every single small rally has been sold and we truly are in uncharted waters regarding how pressed down the commodity market has been recently. Commodities are one of the largest impacts to the Australian economy seeing as it has an abundance of natural resources on the continent. Therefore the Aussie dollar wants to see commodity prices increase. Check out how oversold the commodity market is…
And then look what happened after each of these signals. I am not sure if the time is now, seeing as
In the first part of this series, the potential of Security Token Offerings (STO’s) was explored. The possible benefits of fractional ownership, expanded access to liquidity, compliance by design, and programmable assets were all highlighted. However, there are also many aspects of STO’s to be wary of.
Shackles to the Legacy Financial System
Security Token Offerings by design involve compliance procedures. Know your customer (KYC) and Anti-money laundering (AML) procedures will require personal information and documentation. It will not be possible to purchase an STO and remain anonymous. For many crypto enthusiasts, this alone will make security tokens unattractive. Purchasing such a token will essentially
…and the answer is also difficult.
I see two possibilities now at the 4 hour-chart.
The first one: with the last drop, BITCOIN has reached the 5th wave bottom, end of the ZIG-ZAG correction…
3rd wave longer than 1st and 5th… 5th wave short but within the expectations, since “C” is just below “A” Leg… From now on, we should see 5 waves towards the “Target Resistance” in dashed Blue line.
If BTC manages to break that resistance it would be a very good signal of Reversal…
2nd Option (among others, of course…): The assumption would be that still the 4th wave is in play
After quite the bounce last night and some negative news one could think the bears would come roaring down and sell off the market for at least a day, but the bulls seem to remain strong recently.
Bank Miss, China Down
This morning we got the first of what will be many banks reporting their fourth quarter results. Citi kicked it off with a miss on revenue, which seems to be the expected tone for the banks this earning season from the pundits.
Additionally, data out of China sparked worries over a global slowdown as their import/export numbers were lower than expected.
Don’t Skip
Bitcoin’s price spiked from a low of $3,480 to $3,700. It’s currently trading around $3,670 on Coinbase. We know $3,600 was acting as a strong support before prices dropped 2 days ago. Often when a support is broken, it starts acting as resistance. In this case, when price spiked, $3,600 did not act as resistance. This gives bulls some hope for a larger rally. Let’s now see if $3,600 starts acting as support again.
This latest rise in price also came with a drop in long positions. In other words, traders to profit. This is a healthy sign.
Unfortunately, overall daily volume
