On 4hr chart still in consolidation preparing for next move, will it finish up the down wedge breakout estimate target price move to 4300 ? bias likely more upside to go, might have light pullback to test support before that.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :114
Total marketcap :132
Dominance :51.4
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :
Why I Say “TURN OFF THE TV”! $AAPL $SPX $QQQ
The TV and talking heads on CNBC, from an intermediate to longer term perspective, may be some of the worst real time advice that is available to the mainstream today. You have to understand that they are making money off your clicks, and off your views and even the “Best” are mostly only good at “buying and holding” Let’s take a look at $AAPL over the past few months.
I have marked an area of $AAPL that, infamous Buy and Hold investor, Warren Buffett claimed to the world that the iPhone was greatly undervalued. Berkshire Hathaway is now currently 25% long
Crypto Contest January 3: EOS
EOS (Bitfinex: EOSBTC) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Here is a closer look at the breakout.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, EOS began a wave one advance in October 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in April 2018, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, EOS should be heading next towards the April 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
The target of the EOS project
Have Investors Been Bird Boxed? Open Your Eyes! $SPX $IWM $GDX $TLT $GLD
The lack of emotion and worry in the market today is insane. There are so many investors and talking heads that are so sure the market bottom has been made and 2019 is going to be like 2017. Many believe that the bulk of the volatility is behind us…This is EXACTLY what markets do. They find a way to get the herd complacent and then BOOM! The market resets before anyone has a chance to get out.
Did you know the volatility in 2018 was not even in the top 20% of the most volatile years in the past 70+ years?
Bitcoin Technical Analysis: PRICE RISES BUT VOLUME REMAINS WEAK
Bitcoin has broken out of the wedge it’s been consolidating in over the past couple weeks. It’s risen from $3,690 to about $3,900 at the time of writing this post.
We aren’t yet seeing the kind of volume we need to sustain a bull run. Currently overall volume is just above $5.2 Billion. I’d like to see it at least above $8 Billion on a consistent basis.
Shorts have dropped, while longs are stacking fairy significantly. If longs continue to rise and volume remains weak, market makers may drive price down to liquidate these new long positions.
In today’s video analysis I discuss,
BITCOIN: “Proof of Keys” event…
As anticipated yesterday, the Upper Breakage of the “Bull Flag” was something predictable and it was exactly what happened after publishing my post yesterday.
Since then, BITCOIN seems to maintain a non-artificial increase of price, which is perfect to fit in the planned path, which for me is the conclusion of the “B” leg of the 5-3-5 Zig-Zag Correction as I anticipated since more than a week ago…
The end of the “B” coincides in time with the so-called “Proof of Keys” event.
“January 3rd of 2019 marks the tenth anniversary of the first-ever block of Bitcoin mined – the so-called genesis
Index to crypto with Bit Brain – Edition VII – 2018
2018 is over and that means that it’s time for me to publish my final “Index” post of 2018 posts.
For those new to the awesome Bit Brain blog; I publish a monthly index of my posts from the past 30 days or so. It gives you an idea of what I wrote, lets you visit any gems which you may have missed and best of all: has a series of links that should make it easy enough to go back in time to find any of my posts.
I haven’t done Index posts for the last quarter of 2018, mainly because
STEEM – testing 730 resistance again
possible completion of double bottom on 4hr chart or a mini ascending triangle, estimated breakout price target to test 765 despite strong seller wall around 750, might take awhile to climb up with the amount of slow bleed unload last few days.
on daily chart, bigger double bottom W pattern, neckline zone around 830, maybe we will hit again when btc retest 4400. Or steem might just do it’s usual flash spike of 100+ to 300+ pts and selloff quickly thereafter.
stockpile for short : high (more slow bleed)
Short term moving average (day candle) :
RSI :
SBD/STEEM :
Weekly Timeframe :
24hr change :
Marketcap :86
Volume
BITCOIN – wedge breakout testing channel top
Look like the past few days bias is valid, breakout of down wedge and tested the possible down channel top resistance around 4000 zone. Let see if it can break this resistance and head higher to 4400 zone to complete the IHS.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :114
Total marketcap :131
Dominance :51.2
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :
The Rich Get Richer – This Infographic Says It All
For decades now there has been the outright cry of a shrinking middle class in the United States. That, coupled with a larger concentration of wealth among the one percent has been to the chagrin of the American public for some time.
However, most don’t know what the actual income and wage numbers look like. I recently stumbled across this info in an awesome article on Vox.
Where’d My Money Go?!?
In 1989 this was the income breakdown per every $100 USD among the different wage classes.
As you can see the top 20% got a large chunk of that income, but it was
