You really just can’t make it up folks. This move is FAR FROM OVER. Like I said in a previous post, this may not be “THE Bottom”, but it sure is “A Bottom”. When you see price continue to grind in one direction, it usually results in a puke that way. I have been all over this move talking about it with EOS, LTC, BTC and any know crypto within the sectors, do not bail here.
Check out this break above the downtrend line. We are about to test 3 month highs and make a small higher high on the
On 4hr chart, good for some healthy pullback lower curve consolidation along the big triangle top like the previous leg which lasted about 8-9 days.Support around 3730 zone as it slides along this triangle top and hold maybe we will see the 3rd leg breaking 4000 and testing 4250 for the possible big ascending which then likely to pullback again.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :132
Total marketcap :133
Dominance :51.9
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :
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 days. Bulls attempted to decisively break above $4.00, but the bears have fought them off so far. I’m expecting another attempt to break above $4.00. If that fails, we could see a drop to at least $3.60.
In today’s video analysis I discuss, where prices may be
Please click the link to listen to this episode of my weekly crypto podcast ‘Two Minute Crypto.’ These are intended to be short, single-topic ramblings on some aspect of the cryptosphere. Comments and critiques welcome
Transcript
Two Minute Crypto
Welcome to Two Minute Crypto – Today I’d like to pose the question whether you consider yourself crypto day trader. If an immediate answer popped into your head upon hearing this then good for you. If you are leaning towards not sure – then not so good.
Let’s state up front – day trading is an enormously challenging endeavour. You are competing with insider information,
Besides LITECOIN there is another crypto within the top ten in the Coinmarketcap willing to reach the “GOLDEN CROSS”.
It is BINANCE COIN [BNB]which crossed the 200-Day Moving Average on February the 9th and which its 50-Day Moving Average is now approaching to cross it as well…
According to my “measurements”, the “Golden Cross” would occur on March the 3rd, 12 days before than my forecast for Litecoin .
As per LITECOIN, No doubt, this is a win-win investment and also one of the Major coins able to confirm the REVERSAL in short term.
The EW-count on which I am playing with right
The reason I decided to hold a good chunk of my crypto for the long-term was for the specific reason of adoption.
Just a fraction of society is involved in crypto. The functionality of it, though better each day is still too difficult for the regular Joe.
Think about that.
Will things stay like this forever? Most likely no.
The Perpetuation of Adoption
As the old saying goes. Rome was not built in a day.
This holds true for any new technology or game changer.
The internet took time to spread. Took time to improve and become user friendly.
Think about it. In 1990 if you were to
I was going to use a chart for this, but then I thought: “what for?”
We all know the recent antics of BTC: It took off a little under a week ago and generated an unusually high amount of interest.
Volume shot up and “bull market” comments flooded the social media platforms. BTC succeeded in clawing its way back to global financial relevance. In short: it conquered.
But every empire falls.
So as not to push this analogy too far, I’ll forego the Roman references from this point onward.
The volume rise was unprecedented and I for one was not expecting to see BTC
Qtum (Bittrex: QTUMUSD) 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, Qtum 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, Qtum should be heading next towards the December 24, 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Qtum is a decentralized blockchain application platform capable of running smart contracts on
I love markets. It is one of my favorite things…and this is the type of things that make it fun! Recently, since @freedomexists brought his WHALECOIN back online we now have a market to compare WLS to. The whalecoins are markets withing WLS, however they should jive with one another. I am here to tell you that WLS is UNDERVALUED! Here is why…
I am constantly powering down my growing whalestake in order to put more WLS out on the open market for people to buy. With the inflation rate I think this is proper to do so others can stake
Guess who’s been crypto shopping again! No question mark there, that was clearly rhetorical.
I started blogging in mid-March last year, not too long after the beginning of crypto’s biggest ever bear market. For this reason, I’ve done very little cryptocurrency buying since I’ve become a blogger. It’s a pity that you didn’t know of my exploits before then – I was a voracious trader (who probably ended up spending way more than what could be considered wise on transaction fees). With a change now happening in the markets, I’m now using myself as a metric. That sounds weird but bear
