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Tag: Cryptocurrencies

Blockchains for Banks – Looking ahead

February 24, 2019 Published by

By now the crypto-savvy should all be aware that JP Morgan did not launch a cryptocurrency, it launched a private blockchain for its own use.

As I mentioned in the link: that was not at all surprising. What’s more, it won’t be the last such blockchain. Regardless of the dismay that Ripple fans will feel, big banks truly don’t care about crypto and would rather use their own blockchains (which they have total control of) than piggyback on somebody else’s solution.

What does this mean for crypto? Is it obsolete before it even gets off the ground?

Don’t worry. I have a

Crypto Down – After My Last Post Are You Really Surprised?

February 24, 2019 Published by

Yesterday I talked about how the rally cries throughout the crypto space had one underlying issue – bitcoin had not broken out.  It was at resistance and if it didn’t push through then hopes of a continued move were nill.
A Quick Turnaround
Less than 24 hours later we got our answer with a big fat red candle as bitcoin got smacked down by resistance in that 4100-4200 area as seen in the chart.
Just about all the other coins followed and are even trading below their prior highs that they broke above, i.e, LTC and EOS to name a couple.
Next Steps
We definitely

Crypto Contest February 24: IHT Real Estate Protocol

February 24, 2019 Published by

IHT Real Estate Protocol (Bittrex: IHTBTC) 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, I-House Token began a wave one advance on December 20, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 14 this year, and the red wave two (blue sub-waves a-b-c) correction ended on February 20. If this wave count is correct, I-House Token should be heading next towards the January 14 peak in the red wave three.

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

Funnymentals

IHT is a smart contract technology and distributed accounting technology developed for the

Bitcoin about to make a higher high?? Crypto moving up!

February 24, 2019 Published by

Let’s talk some Bitcoin! Talk about some bullish momentum finally. We have now taken back 3 months worth of price action, in ONE Week. This is very good news and the next thing we want to see is this weekly candle close strong tomorrow over the most recent high. After the 2018 bear we finally have some movement here. This rip, as you can already see is going up fast and bitcoin is not even the leader in the Alt world right now. EOS is killing it going from sub $2 to $4+.

I am watching this 4260 area. A print

Cyrpto Rally Cries While Lead Dog Yet to Break Out

February 24, 2019 Published by

The past week or so in crypto has pumped some life back into the space.  The “animal spirits” as investors say are alive and kicking.
The question is will we see any follow through?
Several coins have broken out above their prior highs.  Example are LTC and EOS among others, however there is still a key ingredient missing.
The Ingredient is Bitcoin
I know, I know that bitcoin doesn’t carry the weight in our minds it once did.  However, to any new crypto investor and the market sentiment on a whole Bitcoin still represents crypto and as Bitcoin goes the crypto market, for the

The Sunday Recap – Down the Rabbit Hole 17

February 23, 2019 Published by

Real knowledge is to know the extent of one’s ignorance.

Confucius

Easily stated, heads nodding sagely, then promptly ignored and back to Facebook for crypto outlook. I guess my point is that if you intend to play in this space for a number of years – look under the hood.

This week in crypto was as frenetic as usual. Samsung threw the crypto dog a nice juicy bone with an integrated hardware wallet on its next generation of phones. EOS poked its head above the parapet. Market sentiment turned vaguely optimistic (let’s respect the trend for now). Picked up an extended reading list

BITCOIN: Resuming the Rise

February 23, 2019 Published by

Today there are 5 Billion USD more inside the Total Market Cap and 24h Volume of BITCOIN increasing to the 8.5b$, as a result, everything in GREEN again!

Is not that beauty?

Right Now BITCOIN is fighting in order to cross one known resistance. It is an important test, not crucial but important indeed.

In my opinion, I doubt BITCOIN is going to be able to cross this resistance line (Secondary) in this current rise. Mainly, because I think everybody can clearly identify this seems to be the completion of the 5th wave up and being the 1st wave so strong and the

Crypto Contest February 23: Tezos

February 23, 2019 Published by

Tezos (Bitfinex: XTZUSD) 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, Tezos began a wave one advance on December 7, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 24, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on February 6 this year. If this wave count is correct, Tezos should be heading next towards the December 24, 2018 peak in the red wave three.

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

Funnymentals

Tezos is a multi-purpose platform that supports dApps and smart contracts. The Crypto

STEEM: Imagine…

February 22, 2019 Published by

Do you remember the glorious days of early January 2018?

Yes, those days when the market was at its ATH…

Those days on which BITCOIN was priced more than 16000 USD, ETH 1100 USD and EOS 12 USD?

At that time STEEM was placed, at the 36th position of the Total Market Cap.

The price was 6.41 USD and the Market Cap was 1.58 B$…and that was not the maximum price achieved by STEEM since it touched the 9 USD mark…

BITCOIN had 276 b$, 174 times more than the STEEM Market Cap at that time.

What a craziness, isn’t it?

Do you think those times

Crypto Contest February 22: Ubiq

February 22, 2019 Published by

Ubiq (Bittrex: UBQBTC) has broken out of the wedge pattern in the weekly chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Ubiq began a wave one advance in March 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in June 2017, and the red wave two (blue sub-waves a-b-c) correction ended this month. If this wave count is correct, Ubiq should be heading next towards the June 2017 peak in the red wave three.

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

Funnymentals

Ubiq is built upon an improved version of the Ethereum codebase, putting stability at its core. Crypto Academy reviewed

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