Crypto: Keep your head

Much has happened in crypto these last few days. It’s important to see things in perspective and to be realistic. I can help explain the market fundamentals from the correct perspective.

The market is busy, it’s very busy. In fact – I have 11 browser tabs open right now, 1 to type this post and 10 for crypto. I’m actively trading in two of them.

Take a look at what I think is important:

Our old friend Jamie Dimon

The JP Morgan CEO made a lot of news for releasing his own cryptocurrency last week. Some saw this as typical banker behaviour: doing one

$EOS launchpad engaged? $100 possible? (No, I am not crazy…) #crypto #eos #blockchain

As many of you know I am a HUGE graphene blockchain fan and this includes the likes of STEEM, BTS, and EOS (As well as WLS and some others built on top of them). I have been following and accumulating EOS since November of 2018. In fact I hopped on the train then, but really haven’t been adding to the position until many days throughout January and now. This asset is a no brainer…

Dan, the creator of EOS, also the creator of STEEM, also the creator of BTS, also the guy who tried to convince Satoshi that bitcoin couldn’t scale…is

Bitcoin Technical Analysis: BREAKOUT IN PRICE AND VOLUME

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 shows price breaking above the 50 day MA. If the daily candle closes above the 50 day MA, it’ll be a good indication this latest breakout has legs…at least temporarily.

In today’s video analysis I go a little more in-depth. I discuss market psychology, where price may go

BITCOIN – Hit Triangle Top resistance

Finally it hit the big triangle top resistance on 4hr chart. Also the 2nd leg of the possible staircase pattern, will it go for the 3rd? Might see consolidation next few days with little range around 3730 support and triangle top. More likely of pullback after that consolidation, some possibility of fake breakout upside maybe towards the strong sell wall around 4000 then pullback. margin longs almost hitting ATH.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio : 132
Total marketcap :129
Dominance :52
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

Crypto Contest February 18: Lunyr

Lunyr (Bittrex: LUNBTC) has broken out of the triangle pattern in the weekly chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Lunyr began a wave one advance in December 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in September 2018. If this wave count is correct, Lunyr should be heading next towards the January 2018 peak in the red wave three.

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

Funnymentals

Lunyr is an Ethereum-based decentralized crowdsourced encyclopedia which rewards users with app tokens for peer-reviewing and contributing information.

My Talk on Crypto, Investing and More on Trybe Sessions!

Tonight I was happy to be a guest on Trybe sessions!  We spoke about crypto, STO’s, general investing and trading and writing on mentormarket.
Mentor market is a platform for veteran investors to share their knowledge with the masses.  Find the metor that suits you best, maybe it will even be ScaredyCatGuide
Click the link below to listen!
https://www.crowdcast.io/e/investing
 

Three Reasons I Remain Long-term Bullish on EOS

This marks the 3rd post of the ‘Three Reasons’ series. The posts will alternate – a bullish outlook for a particular blockchain project followed by a bearish. Three is an estimate of convenience only.  These posts are intended to be brief expressions of my opinion on particular cryptocurrencies and are not exhaustive in detail.

This post does feel a little like low hanging fruit. With the information on hand, a long term positive outlook on EOS is hardly counter-trend. Nonetheless, given the extended bear market and probable short-term downward price pressure on EOS, it is worth having a look under the

LITECOIN: How far from the “Golden Cross”

For those who do not know, the “The Golden Cross” is a Candle-stick pattern which indicates a long-term Bull Market going forward.

It occurs when a short-term moving average crosses over a major long-term moving average to the upside and it is very used by investors, analyst and traders as an indication of a major upward turn in a market.

Normally, the two moving averages used are the 50-Day MA and the 200-Day MA.

When the 50 DMA crosses the 200 DMA to the upside this is called GOLDEN CROSS…. Worth to say that also the contrary would indicate that the Bear Market is

#Bitcoin and #Crypto is Bullish ABOVE 3350

I will be the first to admit that I am wrong when I am wrong. Overall, with this crypto bear I have been consistently right the entire time. The top in December of 2017 was beyond obvious when everyone was piling in late in the game. The entire 2018 year consisted of watching lower high after lower high and I stayed bearish the entire 80+% pullback from highs. It is in this area here that I have been monitoring for a Bottom. Is this THE BOTTOM? No one knows. But it is a start. Litecoin above is actually testing the

Crypto Contest February 17: Storj

Storj (Bittrex: STORJUSD) has broken out of the triangle pattern in the weekly chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Storj began a wave one advance in July 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in December 2017, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, Storj should be heading next towards the December 2017 peak in the red wave three.

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

Funnymentals

Storj aims to become a cloud storage platform that can’t be censored or monitored, or have downtime. Crypto