Bitcoin Squeeze!

I am watching Bitcoin make another move back to highs after pulling back on the 1 hour time frame. Crypto is now fully back into play and will be daily. Money is flowing back into bitcoin which means that once the money is in bitcoin it will likely be flowing into other Alts as bitcoin slows or pulls back. We have taken back MAJOR resistance levels here and want to see some grind sideways and buyers hold some levels.

This is great news and the accumulation for the past 6-8 months is pay off BIGLY! Let’s Ride!

Crypto Contest May 13: MediShares

MediShares (Huobi: MDSUSDT) 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, MediShares began a wave one advance on December 15, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 8, and the red wave two (blue sub-waves a-b-c) correction ended on May 10. If this wave count is correct, MediShares should be heading next towards the April 8 peak in the red wave three.

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

Funnymentals

Medishares is a Ethereum based, decentralized, open-source mutual insurance marketplace. You can read their latest project update here.

(Sources: MediShares and

Crypto Contest May 12: Cosmos

Cosmos (Kraken: ATOMUSD) has broken out of the triangle pattern in the four-hour chart.

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

Elliott Wave Analysis

In Elliott Wave terms, ATOM began a wave one advance on April 24. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 5, and the red wave two (blue sub-waves a-b-c) correction ended on May 9. If this wave count is correct, ATOM should be heading next towards the May 5 peak in the red wave three.

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

Funnymentals

The Cosmos network is a decentralized network of independent, scalable, and interoperable blockchains. You can watch the launch event

Bitcoin Hits 6000 and…goes on the 7000… ?

Bitcoin is not trading above the 7000 level and topped out at over 7300. We have been calling this for months and with the relative strength of EOS and LTC, the big boy has arrived to the party. What. A. Move. The Bulls are back baby, and the shorts are running for the hills…

I have been talking about the 6000 level for a while now and I said I doubt we blow right through it…well We did lmao. Good news for the bulls.

The ole Hack and Rally paid off and squeezed the shorts. I am long crypto, and still

Crypto Contest May 11: Wollo

Wollo (Bitfinex: WLOUSD) 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, Wollo began a wave one advance on December 28, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on February 1, 2019, and the red wave two (blue sub-waves a-b-c) correction ended on April 12. If this wave count is correct, Wollo should be heading next towards the February peak in the red wave three.

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

Funnymentals

Wollo is a digital currency designed to help kids learn the principles of money, safely and securely with

Index to Crypto with Bit Brain – Edition 2019/3

I can’t believe that it’s already Index time again. I’m almost tempted to put it off, but I know that that will come back to bite me later! It’s been an interesting month and a lot of important information has been covered. With that in mind, it’s rather important that I create this index without further delay.

Previous Index posts:

Index to Crypto with Bit Brain – Edition 2019/2 is my most recent index and was published in early April. In it you will find some posts about what I have been buying in 2019, the long overdue Part 3 of my “Diversification”

Crypto Contest May 10: Seele

Seele (Huobi: SEELEBTC) 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, Seele began a wave one advance on February 20. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on March 21, and the red wave two (blue sub-waves a-b-c) correction ended on April 26. If this wave count is correct, Seele should be heading next towards the March 21 peak in the red wave three.

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

Funnymentals

Seele is a blockchain ecosystem project developing a multi-chain heterogeneous forest network. You can watch their official introduction video below.

(Sources:

Crypto Contest May 9: QunQun

QunQun (Huobi: QUNBTC) has broken out of the triangle pattern in the four-hour chart.

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

Elliott Wave Analysis

In Elliott Wave terms, QunQun began a wave one advance on January 28. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 25, and the red wave two (blue sub-waves a-b-c) correction ended on May 5. If this wave count is correct, QunQun should be heading next towards the April 25 peak in the red wave three.

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

Funnymentals

QunQun is a blockchain-based incentive community platform. You can read their latest weekly report here.

(Sources: QunQun and Medium)

How can I vote?

Crypto Contest May 8: DeepBrain Chain

DeepBrain Chain (Huobi: DBCBTC) 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, DeepBrain Chain began a wave one advance on March 8. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 3, and the red wave two (blue sub-waves a-b-c) correction ended on May 5. If this wave count is correct, DeepBrain Chain should be heading next towards the April 3 peak in the red wave three.

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

Funnymentals

DeepBrain Chain has developed a decentralized, low-cost and privacy-protecting AI computing platform with a full range of related

History Often Rhymes… $BTC #bitcoin

They say in markets that every time is different. While that is technically true, you can find major similarities and patterns in every single market. One specific market, cryptocurrencies, happen to not be completely controlled by computers and actually moves very emotional and technically (for now). I ha e utilized past patterns, measures and scales, and predictions to have predicted the last two bubbles, the percentage decline from the top and where the “bottom” or “top” may be. Have I been right every time? No, however when it comes to the declines and measured moves I have been on point.