Blog – Page 409

Crypto Contest January 2: Arbidex

January 2, 2019

Arbidex (Coinmarketcap: ABXUSD) has broken out of the triangle pattern in the line chart.
(Chart courtesy of Coinmarketcap.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Arbidex began a wave one advance on August 31, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on November 1, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on December 16, 2018. If this wave count is correct, Arbidex should be heading next towards the November 1, 2018 peak in the red wave three.

(Chart courtesy of Coinmarketcap.com (log scale))
Funnymentals
Arbidex compares the rates of сryptocurrency assets at multiple major exchanges and provides users

Smarter than Bit Brain

January 1, 2019

It’s a brand new year, and what better way to start a year off than with a big slice of pie? Humble pie.

From https://www.flickr.com ; by Beckmann’s Bakery ; used under CC BY 2.0 license

Smarter than Bit Brain

“If you can beat me – and that’s a big “if”! – I will publish a post of those who are “Smarter than Bit Brain” “From https://steemit.com/cryptocurrency/@bitbrain/investing-in-crypto-is-too-close-to-gambling

Technically I could get out of this: I wasn’t beaten, I was soundly thrashed!

But as much as I enjoy revelling in my own narcissistic glory whenever I can, I have to offset that by admitting when

BITCOIN – similar divergence 4hr and daily

January 1, 2019

Clean up the different channels, left with one still valid bigger down channel mentioned yesterday that’s the channel top resistance is holding strongly despite multiple test by candle to break. Possible down wedge consolidation, might retest 3680 and shadow dips below then bounce off the wedge bottom. Either the channel or wedge breakout will lead to test of 4000 again before heading 4400 to complete IHS but looks like timeframe running short unless it burst spike. Margin long have been building up in size. Bias upside
On daily chart, price still holding above previous low of 3680 support zone while stoch

Is Bitcoin Setting Up For an Explosive Move to Bring in the New Year?

January 1, 2019

Bitcoin continues to get squeezed, creating higher lows and lower highs. Overall volume remains weak. As price approaches the apex of the larger wedge it’s operating in, we should prepare for a larger move.

Looking at the 4 hour RSI, we can see it’s also getting squeezed. This also suggests a larger move to come in the next 24-48 hours.

In today’s video analysis I discuss, traps to avoid, possible trade scenarios, short term price movement and so much more. I hope you find it helpful.
Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to

New Year: Same Rules For Successful Investing

December 31, 2018

As we count down the last hours before putting a close to 2018 and turning a new year it is good to remember it’s not always about doing something new or different to start on the right foot anew, but to continue doing those things that work.
Tried and True Practices
Getting refocused is always a good thing and using the turn of the new year to do so is more than okay.
However, let’s focus on what we know works when it comes to investing.
Risk-Reward Ratios
The bottom line is if you are getting into investments or trades that have anything less than

BITCOIN – possible wedge

December 31, 2018

Looks like the bigger down channel top resistance is still holding and candle been testing it multiple times. Let see if it can close above the top resistance. If it can closed off above 4050, likely to test 4400 IHS neckline. Possible consolidation on mini descending triangle building up before breakout move. Possible wedge consolidation too.

News: (Current) | (Upcoming) CBOE BITCOIN ETF, 29 Dec 2018 (may be extended again to 27 Feb)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :
Total marketcap : 127
Dominance :51.9
Bitfinex Margin Long/Short Volume Ratio :108
Depth Chart : (S) | (R)
Weekly Timeframe :

Bitcoin Technical Analysis: CONSOLIDATING BEFORE NEXT MOVE

December 30, 2018

Bitcoin continues to consolidate just above of the $3,800 support on Coinbase. Volume remains low overall, which is a bit concerning. Price is being squeezed as the bulls and bears fight for control. I wouldn’t be surprised to see a larger move in the next 24-48 hours.

Looking at the daily chart, we see price is hovering right on top of the 21 Day EMA.

In today’s video analysis I discuss, various scenarios to prepare for, where price may be heading next and so much more. I hope you find it helpful.
Video Analysis:

If you don’t see the above video, navigate to TIMM

THEKEY to Crypto

December 30, 2018

I want to remind everyone that THEKEY exists

I know that alts aren’t popular right now, I know that the market has been particularly hard on them during 2018, believe me I know!

Sadly this has scared most investors away from alts. Sad, because this is prime buying time! Never in your life will you again see such wonderful investments going so cheap!

The tricky part is picking the right ones – those that will survive and make money.

From https://www.thekey.vip/#/homePage

THEKEY to Crypto

THEKEY is project based on the NEO platform.

What are you still doing here? I just told you everything you need to

Bitcoin Technical Analysis: Watching and Waiting

December 29, 2018

Happy Holidays all! I apologize for the lack of updates. We’re currently in the process of moving across country. This has been extremely time consuming. Between that and the holidays, I’ve not had the chance to post TA as much as usual. I hope to be back to normal near the end of January. Now on with the analysis…
Bitcoin has decisively broken back above the $3,800 resistance. While this is a welcome rise for bulls, overall volume reminds relatively low. It’s currently consolidating, trading around $3,850 on Coinbase.

In today’s video analysis I discuss, where price my go from here, traps

Bitcoin signals teatime

December 28, 2018

A Cup and Handle have formed on the BTC charts

I feel a little stupid for not having noticed it a day or two earlier, I blame a “lack of zooming out” – a danger when one gets caught up looking at the short-term charts.

Here it is on the charts:

Made by Bit Brain with TradingView

The Cup and Handle is a bullish pattern. Confirmation has already occurred with BTC leaping up in price and breaking through multiple Fib levels over the last 24 hours.

The obviously negates my prediction of yesterday, though the Fib levels from that post are still holding true and have been confirmed by the latest movement:

Made

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