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Tag: Cryptocurrencies

BITCOIN may have reached already its bottom

February 5, 2019 Published by

This is the BTC/USD weekly chart (BITSTAMP Exchange) and Relevant Strength Index Oscillator aka RSI indicator.

What could extract from this chart?

We can see clearly 3 long BEAR MARKETS despite since 2012, Bitcoin has crashed and rise 13 times with many of those falls larger in percentage terms than the latest 2018 correction.

Also, having a look on when the RSI has marked an OVERSOLD condition, it seems evident to discover that the first and the second LONG BEAR MARKETS finished at the very same point on which RSI touched that condition:

Actually if we zoom-in, the BEAR MARKET 2 touched two times

BITCOIN may have reached already its bottom

February 5, 2019 Published by

This is the BTC/USD weekly chart (BITSTAMP Exchange) and Relevant Strength Index Oscillator aka RSI indicator.
What could extract from this chart?

We can see clearly 3 long BEAR MARKETS despite since 2012, Bitcoin has crashed and rise 13 times with many of those falls larger in percentage terms than the latest 2018 correction.
Also, having a look on when the RSI has marked an OVERSOLD condition, it seems evident to discover that the first and the second LONG BEAR MARKETS finished at the very same point on which RSI touched that condition:

Actually if we zoom-in, the BEAR MARKET 2 touched two times

Bitcoin Technical Analysis: CONSOLIDATING BEFORE NEXT MOVE

February 5, 2019 Published by

Bitcoin continues consolidating right on top of the 0.786 fib level. It’s been testing the top of what appears to be a falling wedge, but has yet to break out above. Volume remains weak.

In today’s video analysis I discuss, where price may be heading next, a possible trade setup I’m preparing for, 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. Until

Bitcoin Technical Analysis: CONSOLIDATING BEFORE NEXT MOVE

February 5, 2019 Published by

Bitcoin continues consolidating right on top of the 0.786 fib level. It’s been testing the top of what appears to be a falling wedge, but has yet to break out above. Volume remains weak.

In today’s video analysis I discuss, where price may be heading next, a possible trade setup I’m preparing for, 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. Until

Crypto Contest February 5: Metronome

February 5, 2019 Published by

Metronome (Bittrex: METUSD) 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, Metronome began a wave one advance on December 13, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 7 this year, and the red wave two (blue sub-waves a-b-c) correction ended on January 28. If this wave count is correct, Metronome should be heading next towards the January 7 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Metronome is focused on making greater decentralization possible and delivering institutional-class endurance. BlockWolf covered the token back in

Crypto Contest February 5: Metronome

February 5, 2019 Published by

Metronome (Bittrex: METUSD) 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, Metronome began a wave one advance on December 13, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 7 this year, and the red wave two (blue sub-waves a-b-c) correction ended on January 28. If this wave count is correct, Metronome should be heading next towards the January 7 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Metronome is focused on making greater decentralization possible and delivering institutional-class endurance. BlockWolf covered the token back in

Ripple – we need to talk : Unofficial Part 4

February 5, 2019 Published by

This post wasn’t planned, but I’ve just stumbled across something too good not to share!

From [Public domain], via Wikimedia Commons

Having only completed my “Ripple – we need to talk” series two days ago, the temptation to make this impromptu Part 4 was too large to resist.
Remember back in Part 2 I discussed the Ripple team? The team with the ultra dodgy past of working for banks and large multinationals? Well this guy is one of them, more specifically, he’s the Ripple CTO:
From https://ripple.com/company/leadership/#david
Remember how I said that Ripple isn’t even a cryptocurrency? Remember how I hammered it for not

Ripple – we need to talk : Unofficial Part 4

February 5, 2019 Published by

This post wasn’t planned, but I’ve just stumbled across something too good not to share!

From [Public domain], via Wikimedia Commons

Having only completed my “Ripple – we need to talk” series two days ago, the temptation to make this impromptu Part 4 was too large to resist.

Remember back in Part 2 I discussed the Ripple team? The team with the ultra dodgy past of working for banks and large multinationals? Well this guy is one of them, more specifically, he’s the Ripple CTO:

From https://ripple.com/company/leadership/#david

Remember how I said that Ripple isn’t even a cryptocurrency? Remember how I hammered it for not

The Death of ICOs?

February 4, 2019 Published by

Of ICOs we might take heed of the words of Robert Frost
Take care to sell your horse before he dies. The art of life is passing losses on. 
Entertaining quote aside, the Death of ICOs has been somewhat over-played.  Do I currently invest in ICOs? Absolutely not (aside from Trybe which is a special case with an actual product – us). Do I spend hours searching for the next great ICO? Nope. Have I  done so in the past – yes and yes. Am I generally out of the market for ICOs of any make shape or form? Yes, for now.
At this moment

The Death of ICOs?

February 4, 2019 Published by

Of ICOs we might take heed of the words of Robert Frost
Take care to sell your horse before he dies. The art of life is passing losses on. 
Entertaining quote aside, the Death of ICOs has been somewhat over-played.  Do I currently invest in ICOs? Absolutely not (aside from Trybe which is a special case with an actual product – us). Do I spend hours searching for the next great ICO? Nope. Have I  done so in the past – yes and yes. Am I generally out of the market for ICOs of any make shape or form? Yes, for now.
At this moment

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