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Tag: crypto

// Bitcoin SV up 50%

May 29, 2019 (updated May 29, 2019) Published by

Just looked at the CMC a few mins ago to see Bitcoin Fake i.e. BSV up 50%. Ive shared my opinion on these shitcoins many times so bashing BSV again is pointless.
I was curious as to why it went up so much so i went on browsing.

Apparently someone shared some fake news about Bitcoin Fake on Wechat. The message said that Binance was listing BSV again which was ofc not true. Almost instantly BSV went up 65%.

https://twitter.com/DoveyWan/status/1133744466844454912

I mean, what is this thing we are dealing with?

On Steem we are having big debates about curation split, bots, parasitic psychopaths as if that will somehow affect the price. But does it really?
All those things seem to only affect who gets more inflation and ends up with more Steem in the end. The authors or the big stake holders.

So it seems that all you need to do to moon STEEM is plant some news about STEEM being listed on a major exchange…. All you need is a screenshot to fix all our problems. Imagine that! Instead of thousands of pages of debates you could fix everything with a well placed screenshot carrying fake news.

Aint Crypto grand?

Total Market Cap Confirmed Crypto Breakout

May 27, 2019 Published by

Roughly two weeks ago we looked at the total market cap of crypotcurrency.  At that time the overall worth of cyrpto was at a critical point to see if we were indeed going to get any kind of extended move higher in the crypto space.
Confirmed and Launched
Looking at the chart of total market cap, you can see the original support line (180 area) from the prior post.  Now I have added the new level (roughly 223)
The lower line was the initial breakout from the lows and a line in the sand for things to be not be considered bearish anymore. 

Litecoin Leveled Up After Catching My Attention

May 27, 2019 Published by

A couple days ago I wrote about Litecoin and how the price action caught  my attention.  We were looking at do scenarios with a bias to the upside one.  That scenario has played out and is in the midst of a move higher to the potential price target.
Upside Resolution
Looking at the chart you can see price has breached the 108 area resistance and is now halfway to the 125 upside target.  If price continues to move up aggressively in the near-term this is where I would expect the buyers to run out of gas.
In the meantime, seeing price close this

The Litecoin Price Action Has Got Me Interested

May 24, 2019 Published by

Litecoin has been interesting in recent moves.  It went from leading the market before the bitcoin breakout to kind of being a bit quiet in the past weeks (relative to the BTC and ETH moves) and now just when it looked like things were just muddling along we get a noticeable move today.
Thoughts of a Bullish Break flooding back in
If you look at the chart price consolidated after pulling back from the run at the 108 area.  The initial bounce following that pullback was short lived and things looked like they may turn lower or just muddle along sideways but

Bitcoin Short-Term Double Topped – What’s the Next Move?

May 24, 2019 Published by

Bitcoin price action has certainly been interesting the past week.  After seeing price rally to an obvious resistance point and bounce off we saw a higher low created and then another run at the 8,300 area resistance only to back off again.
Gearing up or breaking down?
That’s the question right now.  After failing to break the 8,300 area again price did not pull back much and is showing some green the past 24 hours.
Honestly we are floating in the middle right now with a 50/50 chance or going up or down.
Upside – price pushes higher from here and breaches 8,300 on

I was Not going to Buy this Dip. But…

May 23, 2019 Published by

As I looked at one final BTC chart before heading to bed last night, I thought to myself: “Dip coming – I’ll check it out tomorrow”.

Well, it’s tomorrow now.

Of course one of the first things I did this morning was to check the BTC chart, and frankly I was a little disappointed. You call that a dip BTC? That’s pathetic! How am I supposed to buy that! I regarded it as a non-event and ate my breakfast, thinking nothing more of it.

That is… until I sat down at my PC 10  minutes ago and opened a larger version of the

Cryptocurrency Relative Strength Analysis Report For Week Starting 5/19/19

May 19, 2019 Published by

When you think about Cryptocurrencies, one name immediately comes to mind, Bitcoin.  Since the creation of Bitcoin, there has only ever been one cryptocurrency at the top of the market cap rankings…Bitcoin. 

When the price of Bitcoin rises, generally you can expect altcoin prices to rise with it. Likewise, when the Bitcoin price drops, altcoins also follow. And sometimes when Bitcoin is rising, the altcoins are declining due to cash moving from the altcoins to Bitcoin and vice versa.

Source Image

Bitcoin dominance is used to measure the percentage of the cryptocurrency market that can be attributed to Bitcoin. Thus, it’s very easy

DragonOption.io is a Must! ?

May 18, 2019 Published by

If you are trading crypto right now, then let me introduce you to dragonoption.io. This is a binary option platform that allows you to buy EOS contracts on the underlying price of BTC, LTC, ETH, EOS, and XRP. These contracts range from 2 minutes to 10 minutes and pay out up to 70%! This is a must for traders in crypto.

Give it a whirl! And Good luck trading!!

The Total Crypto Market Cap Tells a Clear Story

May 17, 2019 Published by

Sometimes the best thing to do for perspective and clarity is to take a 10,000 foot view.  That is exactly what we are going to do now by looking at the daily chart of total cryptocurrency market capitalization.
Market Capitalization
If you are not sure what market cap is – it is actually rather easy.   It is simply to total value of all cryptocurrency assets that are tracked.
So of the coins represent a large majority of the market cap, such as Bitcoin, while others are little blips on the map, similar to what a penny stock would be on stock market.
What is

Bitcoin: The Pullback Was Bound to Happen, Duh.

May 17, 2019 Published by

It wasn’t a matter of it, but when.  And I will tell you what, prices got higher than I thought they would before we got a pullback.
BTC (and the big caps) dumped hard in a single hour
A few hours ago we saw BTC, ETH, and others dump hard a provide us with a big fat red candle before rallying off the lows.
BTC is currently down 800 points from yesterday’s close and we could see more downside over the next 24 hours.
Looking at the chart you can see things topped out at 8,350 or so, which happens to be a prior

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