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The Sunday Recap – Down the Rabbit Hole 11

January 12, 2019

Is that a whiff of optimism in the crypto air? I believe so, despite the last couple of days of bearish price action. Whether this newfound cheerfulness converts into a general trend reversal remains to be seen. What’s not in question is the continuing tsunami of updates, developments, iterations, re-iterations and competing project narratives that have ushered in 2019. Once again, lots left on the editing floor – hopefully, crypto enthusiasts new and old will find a lot of value/interest in this week’s post.
Twitter
One day in crypto:


EOS ecosystem keeps growing in new and interesting ways:


The weakest link (recommended):
https://twitter.com/BTC_Macro/status/1081631630815449089
After a rough year in

BITCOIN – gonna test 3400 for next move ?

January 12, 2019

On 4hr chart, looks like 3680 support still holding, next move position building up while it consolidate. More bias for downside move toward the channel bottom around 3400 also the 3rd leg of the staircase pattern.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :138
Total marketcap :122
Dominance :52.4
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

Bitcoin and EOS Technical Analysis: WEEKEND UPDATE

January 12, 2019

Bitcoin is consolidating right on top of the $3,600 support zone. Should price decisively break below $3,600, the next relevant area of support is between $3,400 and $3,250.

In my last EOS update, I pointed out the larger wedge it was consolidating in. I told you it would likely make a larger move as EOS approached the apex. The following day, price broke down from $3.00 to as low as $2.30. It then sightly rallied to the $2.45 support zone. EOS continues trading around $2.45 at the time of writing this update.

In today’s video analysis I discuss, where prices may be

Investment Returns on Everything

January 12, 2019

Okay, maybe not everything but definitely the returns on Real Estate and Stocks.  Often people debate over which is a better investment.
Luckily, I came across an economic study that analyzes a bunch of investments over the last 145 years!   Let me share what I found from it about real estate and stocks.
Real Estate vs. Stocks as an Investment
There are several key metrics to keep an eye on when investing, a couple of which I’m going to discuss below.
Investment return always seems to be the headliner when analyzing investment options so I will start with that one. It’s worth pointing out risk exposure

Palladium Is On A Roll

January 12, 2019

Palladium is widely used in three-way catalytic converters in car exhaust systems. Palladium is also used jewelry and in dental fillings and crowns.  Another common use for palladium is in multilayer ceramic capacitors. These are an important part of common electronics equipment such as cell phones, laptops, fax machines, etc. Palladium is also used in connector plating for a number of electronics.

If a US-China trade war deal can be reached, Palladium will likely increase in price from a Chinese plan to introduce policies to boost domestic spending on items such as autos and home appliances this year. 

Not only will

Crypto Contest January 12: Status

January 12, 2019

Status (Bittrex: SNTBTC) has broken out of the triangle pattern in the weekly chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Status began a wave one advance in December 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, Status should be heading next towards the January 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Status is an open source messaging platform and mobile interface to interact with decentralized applications that run on

Macy’s Missing The Mark

January 12, 2019

The day after Christmas there was a report that talked about spending during the holidays, the time between Black Friday and Christmas:

A robust shopping season from before Thanksgiving through Christmas has given retailers much to cheer about this year. According to Mastercard SpendingPulseTM, which provides insights into overall retail spending trends across all payment types, including cash and check, holiday sales increased 5.1 percent to more than $850 billion this year – the strongest growth in the last six years.

Source

Apparently, Macy’s wasn’t part of that report. Macy’s said its sales slowed after a good start to the holidays, and flagged

BITCOIN: Stick to the plan

January 11, 2019 (updated January 12, 2019)

Bearish Flag, as expected. Ready for the decisive movement? Elliot Waves and volume indicates a lower low…
Currently correcting and forming wave 4… it must be already completed…
I have bought some at (3) and I sold it at (d)… if the count is fine we are going close to the next FIBO level (3367 USD)…
Plan entries again around that point and crossing fingers for the count to be right and, if not… a proper stop loss just a little below…
Take care and enjoy!
@toofasteddie
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this
Read

BITCOIN – possible down channel

January 11, 2019

Looks like 3680 support zone is still holding, will there be a 3rd leg from the staircase pattern ? Possible down channel which 3rd leg might test channel bottom around 3400 support zone. Both stoch and RSI on 4hr chart over extended, probably need some very limited oscillation up before there’s room to move lower.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :138
Total marketcap :123
Dominance :52.3
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :
Read More

Does Bitcoin Hold Here?

January 11, 2019

After attempting to put in an intermediate bottom pattern and rallying (somewhat) off the lows, this is the time to be watching. DOES BITCOIN GET BOUGHT in the next few days? This is the first major SELL day after the rally and I am curious if buyers are going to step in…

Do we see the 3600 buyers step in and put some pressure on the sellers? My gut reaction is we do and see the rally to the 200 day MA…however that was quite the Sell day after the failed break up 3 days ago. 3600-4200 is the range but

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