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Tag: Cryptocurrencies

Crypto Contest February 11: Ark

February 11, 2019 Published by

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

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Ark aims to create an entire ecosystem of linked chains and a virtual spiderweb of endless use-cases that make ARK highly

The Sunday Recap – Down the Rabbit Hole 15

February 10, 2019 Published by

While the price of Bitcoin continues to flatline the crypto space is anything but static. This week, Ari Paul reconsiders the assumptions underlying the pace of coming institutional investment. The Bitcoin maximalist among BTC maximalists, Murad Mahmudov issues a short-term bearish forecast. EOS gets the stamp of approval from Pantera Capital and decentralisation proves a far more complex endeavour than often portrayed.

As always, the posts are selected for the interest and thoughtful perspectives they offer. I don’t necessarily agree with each and every one of them.

Twitter

Twitter

Institutional involvement unpacked by Ari-Paul (recommended):

I didn’t talk to many institutional investors in the

LITECOIN: willing to break the 200DMA

February 10, 2019 Published by

For those who maybe missed my previous post about LITECOIN lately, just tell you that in my opinion there is no other big crypto showing better indications of REVERSAL than LITECOIN.
Actually, Friday’s BITCOIN rise was first leaded or noted by LITECOIN. LITECOIN showed the path and the whole market follow the trend.
Today, LITECOIN seems to resume the upwards trend.
Looking for a feasible EW-count we may have the following scenario:

Assuming the last rise as a (iii)rd wave, LTC seems resuming the movement upwards, building now the (v)th, everything ascribed within a 3rd bigger wave.
Conservatively, if we assume that waves 1

LITECOIN: willing to break the 200DMA

February 10, 2019 Published by

For those who maybe missed my previous post about LITECOIN lately, just tell you that in my opinion there is no other big crypto showing better indications of REVERSAL than LITECOIN.

Actually, Friday’s BITCOIN rise was first leaded or noted by LITECOIN. LITECOIN showed the path and the whole market follow the trend.

Today, LITECOIN seems to resume the upwards trend.

Looking for a feasible EW-count we may have the following scenario:

Assuming the last rise as a (iii)rd wave, LTC seems resuming the movement upwards, building now the (v)th, everything ascribed within a 3rd bigger wave.

Conservatively, if we assume that waves 1

Bitcoin – Fib levels

February 10, 2019 Published by

I have complained over and over again about the tricky 2019 Fib levels. Well I went out and did something about it – I found them.
Yesterday I made it very clear that BTC was in a channel and that it should be viewed diagonally to make sense of it:

“Hear me clearly when I say this: BTC is not using horizontal support and resistance levels at the moment; it is using diagonal ones.“

That post dealt with a broad channel. Today I want to dig a little deeper into the levels. I want to show them to you.
I actually found the levels some

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 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

Crypto Analysis Report 2-10-19…Bitcoin Catching Bids

February 10, 2019 Published by

The last time I spoke about Bitcoin was back in late December,

Crypto Analysis Report 12-30-18…Has Bitcoin Bottomed???

After coming within $200 of pivot low that was established back in Sept of 2018, buyers have stepped up their game. However, the crucial level remains the daily supply at $4500. If price can breached that level, price has a chance of moving higher.

On February 8th, the crypto market experienced a strong $10 billion recovery from $111 billion to $121 billion, breaking out of a three-week stalemate.

It is not only a matter of technicals and flows. Fundamentals may be in play

Crypto Analysis Report 2-10-19…Bitcoin Catching Bids

February 10, 2019 Published by

The last time I spoke about Bitcoin was back in late December,
Crypto Analysis Report 12-30-18…Has Bitcoin Bottomed???

After coming within $200 of pivot low that was established back in Sept of 2018, buyers have stepped up their game. However, the crucial level remains the daily supply at $4500. If price can breached that level, price has a chance of moving higher.

On February 8th, the crypto market experienced a strong $10 billion recovery from $111 billion to $121 billion, breaking out of a three-week stalemate.

It is not only a matter of technicals and flows. Fundamentals may be in play

Crypto Contest February 10: UpToken

February 10, 2019 Published by

UpToken (Bittrex: UPBTC) has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, UpToken began a wave one advance on November 26, 2018. The red wave one finished on December 12, 2018, and the red wave two correction ended on January 10 this year. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on January 18, and the red wave four (blue sub-waves a-b-c) correction ended on February 9. If this wave count is correct, UpToken should be heading next towards the January 18 peak in the red wave five.

(Chart courtesy

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