Crypto Contest February 3: TenX

TenX (Bittrex: PAYUSD) 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, TenX began a wave one advance on January 10. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 21, and the red wave two (blue sub-waves a-b-c) correction ended on February 1. If this wave count is correct, TenX should be heading next towards the January 21 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
TenX is a Singapore-based blockchain company that makes cryptocurrencies spendable on-the-go. You can view their latest Q&A stream

Ripple – we need to talk : Part 3

XRP – that will be the focus of today’s post.
In Part 1 I introduced Ripple and alluded to my problems with it.
In Part 2 I spoke about the characteristics of Ripple versus those of cryptocurrencies – to show that Ripple is not one.

From [Public domain], via Wikimedia Commons

I ended Part 2 by saying that XRP is performing very well versus the other cryptocurrencies (while not truly being one itself), meaning that it is popular and has many investors who hold it. It certainly has its fanatical XRPArmy!
But, the question remains, what’s in it for them? Is it

Ripple – we need to talk : Part 3

XRP – that will be the focus of today’s post. In Part 1 I introduced Ripple and alluded to my problems with it. In Part 2 I spoke about the characteristics of Ripple versus those of cryptocurrencies – to show that Ripple is not one.

From [Public domain], via Wikimedia Commons

I ended Part 2 by saying that XRP is performing very well versus the other cryptocurrencies (while not truly being one itself), meaning that it is popular and has many investors who hold it. It certainly has its fanatical XRPArmy!

But, the question remains, what’s in it for them? Is it

STEEM – possible TD9 bounce

Next powerdown liquid from steemit today. TD9 forming today, possible reversal, hmm bumping up price for dump ?  Testing resistance 830 zone, likely to break and move up (limited though) if btc doesn’t break downside of the current consolidation.
stockpile for short : high (more slow bleed)
Short term moving average (day candle) :
RSI :
SBD/STEEM :
Weekly Timeframe :
24hr change :
Marketcap :88
Volume :376
Current supply :
Total supply :
Debt Ratio :
Daily supply :
Total account :
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Bitcoin Technical Analysis: BULLS STRUGGLE… IS A LARGER MOVE COMING?

Bitcoin continues to bounce on top of the $3,400 support (on Coinbase). Volume has been declining over the past 48 hours.

Zooming out on the weekly chart, we get much better perspective on just how bearish this overall trend has been. Price broke below the $3,600 support. When it tried to break back above, $3,600 began to act as a strong resistance. The weekly chart suggests price may retest the prior low of $3,130 (on Coinbase). I’m not saying it will, but it’s a very real possibility. I discuss this much more, as well as the bullish scenario, in my video

Bitcoin Technical Analysis: BULLS STRUGGLE… IS A LARGER MOVE COMING?

Bitcoin continues to bounce on top of the $3,400 support (on Coinbase). Volume has been declining over the past 48 hours.

Zooming out on the weekly chart, we get much better perspective on just how bearish this overall trend has been. Price broke below the $3,600 support. When it tried to break back above, $3,600 began to act as a strong resistance. The weekly chart suggests price may retest the prior low of $3,130 (on Coinbase). I’m not saying it will, but it’s a very real possibility. I discuss this much more, as well as the bullish scenario, in my video

The Sunday Recap – Down the Rabbit Hole 14

The purpose of this weekly series is to recap some of the compelling ideas and concepts across a wide range of disciplines which each and every week in crypto brings to light. This is a wonderful space to explore but also demands a lot of time, effort and focus to actually make some sense of.
It’s important to note that not every idea here reflects my own bias or opinion. If it’s here, it’s because it made me think.
The standout highlight for me this week was discovering the extent of the growth of the lightning network not just in terms of

The Sunday Recap – Down the Rabbit Hole 14

The purpose of this weekly series is to recap some of the compelling ideas and concepts across a wide range of disciplines which each and every week in crypto brings to light. This is a wonderful space to explore but also demands a lot of time, effort and focus to actually make some sense of.
It’s important to note that not every idea here reflects my own bias or opinion. If it’s here, it’s because it made me think.
The standout highlight for me this week was discovering the extent of the growth of the lightning network not just in terms of

The Sunday Recap – Down the Rabbit Hole 14

The purpose of this weekly series is to recap some of the compelling ideas and concepts across a wide range of disciplines which each and every week in crypto brings to light. This is a wonderful space to explore but also demands a lot of time, effort and focus to actually make some sense of.
It’s important to note that not every idea here reflects my own bias or opinion. If it’s here, it’s because it made me think.
The standout highlight for me this week was discovering the extent of the growth of the lightning network not just in terms of

BITCOIN – consolidation weekend

Weekend dunno where to go pattern. Possible mini up channel or symmetrical triangle in the making on 4hr chart. Possible test of channel/triangle bottom around 3390 zone. Let see if it can close of the week candle near open around 3520 zone for the tri star pattern. Margin shorts pullback a little.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :130
Total marketcap :114
Dominance :53.4
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :
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