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Tag: crypto

The market is red again, you say?

February 24, 2019 (updated February 24, 2019) Published by

Haha. STEEM got poor gains these last few days compared to other tokens (I think we didnt even outperform BTC) and when the dump hits us we lose 11%. Good thing im starting to diversify my portfolio, moving some of my STEEM to other projects to reduce some of the risk. STEEM just seems to be slowly slipping. Outside the pump we had a few weeks ago when Bithumb opened transfers again, STEEM has mostly followed the rest of the market, but with poor gains and sharper drops.

March is a few days away and im hoping, finally, we will hear some SMT news. They promised the testnet on March 1. and as much as im skeptical that Steemit.inc will deliver, im hopeful just the same.

State of things.


I promised myself 3 things when i bought STEEM.

  1. I will not hold Bitcoin!
  2. I will not sell for fiat!
  3. I will not cry if i lose all my money!

Haha.

So far im standing strong although every market shift feels like someone is poking me with a hot poker since i know im missing out by not doing smart and obvious trades.

Oh well, cant wait for another slow build up and sharp drop. Kudos for @enforcer48 for calling it. haha.

Ill see you around. 😉

Could there be merit in the recent bull market expectations?

February 23, 2019 (updated February 23, 2019) Published by

These last few days ive been seeing a lot of crypto-analysts talk of upward movement in the market.
I wouldnt call myself some that is well versed in Elliot waves or Fibonacci but i do hold that the market moves in cycles that can be anticipated to a degree in the log run.
I dont believe you can pin-point the exact moment of the shift to a high degree of success, but a general guess as to when it “might” happen, i think is possible.

What i like about the news these last few days is the “feeling” that things might shift. As much as im not someone that will bash something that i dont understand to the highest degree, i still think that when we are talking about long term upward movement happening, “general sentiment” is king here.
All these analysis might be self-fulfilling prophecies (i dont believe they are) since they could very well be acting as the trigger needed to turn the market around.

For those reasons there are only a small number of folks whose analysis i take at least somewhat seriously on STEEM. Most of them are using @timm. (https://mentormarket.io/)
Guys like Haejin give market analysts a bad name so many folks i know avoid them, but i can say that there are some great insight to be found on TIMM.
Just a short disclaimer: Not everything is straight forward and some folks do make some generic price predictions, but once they think they are on to something you can tell right away.

Let me know what you think. Is there merit in all this talk?

Ill see you around.

Bitcoin and EOS Analysis: QUICK UPDATE

February 21, 2019 Published by

Bitcoin has been unable to break above the $4,000 resistance (Coinbase). Volume ’s dropped off slightly, which was expected. Price is currently trading round $3,900. it looks like we may see one more attempt to breach $4,000. If that fails, I’m expecting a drop back at least $3,800. EOS has been impressive these past few…
Read on Trybe

Elon Musk shilling Bitcoin // not high :)

February 20, 2019 (updated February 20, 2019) Published by

Theres something about Bitcoin that attracts eccentric millionaires. First we had McAfee, which i would go ahead and say is less of an eccentric and more of a nut hehe, and now Elon is dropping in giving some more legitimacy to crypto.

Lets be honest, regulation is great and it is an important step towards mainstream adoption but without hype and respectable individuals talking about crypto in a positive way cryptocurrencies will never take off. Sure, Elon might be a slightly odd alien like person but there is no denying he is brilliant and respected.

Listening to what he said it seems that he really greatly values Bitcoin. I cant really see him saying anything more potent then this outside literally saying: “Down with fiat!”.

“It [cryptocurrency] bypasses currency controls. … Paper money is going away. And crypto is a far better way to transfer values than a piece of paper, that’s for sure.”

Of course he pointed out a few flaws, one of them being that POW is so energy intensive meaning that a company like Tesla, that is all for sustainable energy, would not want to adopt something like BTC.
I always then ask: “Why not DPOS?”
It boggles my mind that crypto enthusiasts dont realize the limitations such energy consumption creates for crypto.

Anyways…
As i said, its good to see this kind of validation coming from folks in the mainstream. This is a guy that made millions from selling damn flamethrowers so when he speaks, people listen.

Getting Elon on our side was easy… When Warren Buffet green-lights Bitcoin, thats when you will know we are going to the moon. hahaha

Ill see you guys around ….

Trybe TV – Bitcoin and EOS Analysis: CAN THE BULLS KEEP RUNNING?

February 19, 2019 Published by

Bitcoin broke above key resistance at $3,800. It’s now eyeing a very strong resistance zone between $4,000 and $4,120 (Coinbase). Daily volume remains strong at $9.9 Billion. This is the highest we’ve seen since May of 2018. EOS easily took out the $3.00 resistance and is now eyeing $4.00. It started creating higher highs, all…
Read on Trybe

Trybe TV – Bitcoin Technical Analysis: BREAKOUT IN PRICE AND VOLUME

February 18, 2019 Published by

Bitcoin has broken above the $3,600 resistance, and is now testing $3,800. This breakout was backed by a very bullish increase in volume. Looking at the daily MACD, we’re seeing some slight bearish divergence. This suggests we could see a pull back. Should that happen, I’d watch for support around $3,700-$3,650. The daily chart also…
Read on Trybe

Bitcoin Technical Analysis: QUICK UPDATE

February 12, 2019 Published by

Bitcoin broke below the $3,600 support (on Coinbase). It’s now testing the prior order block between $3,580 and $3,540. Should this break down decisively (4hr candel opening and closing below), I believe a drop to $3,400 will become likely. Looking at the 4 hour chart, we can see the 8, 21 and 55 day EMA’s…
Read on Trybe

Bitcoin Technical Analysis: BULLS HANG ON…FOR NOW

February 10, 2019 Published by

Bitcoin has managed to hold onto most of it’s gains over the past 3 days. As of writing this, $3,600 is acting as support once again. Volume has slowly dropped off as many are waiting to see if this was a bull trap. Looking at the daily chart, we can see price found resistance right…
Read on Trybe

Bitcoin Technical Analysis: BULLS HANG ON…FOR NOW

February 10, 2019 Published by

Bitcoin has managed to hold onto most of it’s gains over the past 3 days. As of writing this, $3,600 is acting as support once again. Volume has slowly dropped off as many are waiting to see if this was a bull trap.

Looking at the daily chart, we can see price found resistance right at the upper Bollinger band. This corresponded almost perfectly with the 50 day MA (Orange line). A decisive break about the 50 day MA (on the daily chart) would be significant IMO.

Long positions remain stacked while shorts have fallen off significantly. This low volume market makes

Bitcoin, EOS, Ethereum and Ripple Analysis: BREAKOUT

February 8, 2019 Published by

Bitcoin has been consolidating within a falling wedge these past couple weeks. Today it broke out of that wedge with a nice increase in volume behind it. Volume is no where near where it needs to be for a sustainable bull run, but that’s not to say it can’t get there.

EOS broke above the known $2.45 resistance. The next major area of resistance is $3.00. If it can remain above at least $2.70 today, it could be a sign this bullish move has legs.

Ethereum bounced nicely off the known $100 phycological support. It’s currently trading around $118. The next major

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