Steem showing Positive Divergences #crypto #cryptocurrency #blockchain

Ever since the announcement that @steemit was powering down and Bithumb was going to open up Steem accounts, the price of steem has been ripping higher. Now it is over 70+% from the bottom and currently trading higher than $0.40.

Looking at the charts, steem is one of the only cryptocurrencies that is currently trending higher over this duration. Many of the others were going sideways and are not selling off. Steem is not. This is called RELATIVE STRENGTH. This is what you want to be seeing, assets bucking the trend and moving positively. This may mean nothing because None can

Steem Rallies 70+% on @steemit Full Power Down…EMBRACE THIS #crypto #blockchain

You can’t make this up folks. I have been saying this for months, in fact many have been saying this for a while. And now the MARKET has reacted to it. While EVERYONE (many) on Steem blockchain moan and groan about @steemit powering down, I am like…

Steem immediately went straight up over the next 6 days once @steemit started the full powerdown. The MARKET loves this. For a reaction of 70+%, you can’t argue with the price. If you have been around markets (all markets rhyme) then you know that PRICE is what matters. This news is positive, don’t let

STEEM – Stuck in a Trading Range

The price of steem saw a little pump the past couple days.   This has caught people’s attention and has folks speculating on why it has happened.
Here’s the thing, even with this little pump nothing has changed at the moment.  We are still in the same trading range we have been in, just now we are near the top end of it.
I know, I sound like a debbie downer.  I swear I’m just conveying what the charts are telling me though.  I do hope we can break this range to the upside.
Steem and the Range

As you can see looking at the

Get. On. The. Blockchain. Rocketship.

It is such a good thing for the ecosystem and crypto itself that bitcoin an cryptocurrencies are not in the news every hour of every day like they were in 2017. This makes it so much easier for the blockchain believers to concentrate and help evolve the technology, rather than constantly hear from people gambling and tweet hating everywhere about crypto. It is actually pleasant. It is possible that the crypto stars are beginning to align again.

First off, bitcoin is not technically broken until it goes under 1150. This is quite crazy but you can see in the past bubbles

Bitcoin Technical Analysis: PRICES SPIKE, BUT DON’T GET COMFORTABLE YET

Bitcoin’s price spiked from a low of $3,480 to $3,700. It’s currently trading around $3,670 on Coinbase. We know $3,600 was acting as a strong support before prices dropped 2 days ago. Often when a support is broken, it starts acting as resistance. In this case, when price spiked, $3,600 did not act as resistance. This gives bulls some hope for a larger rally. Let’s now see if $3,600 starts acting as support again.

This latest rise in price also came with a drop in long positions. In other words, traders to profit. This is a healthy sign.

Unfortunately, overall daily volume

Bitcoin and EOS Technical Analysis: WEEKEND UPDATE

Bitcoin is consolidating right on top of the $3,600 support zone. Should price decisively break below $3,600, the next relevant area of support is between $3,400 and $3,250.

In my last EOS update, I pointed out the larger wedge it was consolidating in. I told you it would likely make a larger move as EOS approached the apex. The following day, price broke down from $3.00 to as low as $2.30. It then sightly rallied to the $2.45 support zone. EOS continues trading around $2.45 at the time of writing this update.

In today’s video analysis I discuss, where prices may be

EOS Technical Analysis: Is EOS Preparing to Move?

EOS has been consolidating for over a week now. It’s being squeezed within a wedge and looks like it may make a larger move in the next day or 2.

The 4 hour RSI is also being squeezed, suggesting a larger move to come.

In today’s video analysis I discuss, where price my be heading, traps to avoid 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 watch.
I hope this has been helpful. I’d be happy to answer any questions in the comment section below.

Bitcoin Technical Analysis: QUICK UPDATE…More Watching and Waiting

Bitcoin remains above $4,000, which is impressive considering how weak overall volume has been.

Long positions remain stacked while short positions continue to fall off.

In today’s video analysis I discuss, where price may be heading next, signs to watch out for 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 watch

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!
Workin
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Investing May Be Simple Than It Seems

As I fly across the atlantic 38,000 feet in the air with no internet I find myself left to my own devices to create content.
Normally one can research a topic, reference their prior works or analyze a price chart.
This is sort of good though.  There is a quote, I believe it was Benjamin Franklin, but don’t quote me on that and the general idea of it is that man is never more resourceful when left to his own device.
I feeling that a bit now as I am disconnected and don’t have the laptop with me that has all my files. 

Bitcoin Technical Analysis: TESTING KEY RESISTANCE…AGAIN

Bitcoin broke up and out of the wedge it was consolidating in. It found resistance right inside the golden pocket (between the 0.618 and 0.65 fib) I’ve discussed in the past. While we’re seeing a small increase in volume, overall daily volume remains fairly weak.

Looking at the daily chart, price is bumping up against the upper Bollinger band. This, along with the golden pocket, is providing a strong area of resistance.
Bitcoin is now above the 50 Day MA on the daily chart. Let’s see if today’s candle can close above the 50 Day MA.

Longs have been stacking for the past