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Tag: Cryptocurrencies

Is Steem Price About to Complete a Bottoming Pattern?

January 23, 2019 Published by

Well things may have just got interesting folks.  Last time I reviewed the price of steem it was flirting in the mid 30 cents area and all eyes were on the 40 cent level.
Cup and Handle Pattern in Play
In recent days steem has pushed through the 40 cent level into the mid 40’s.   Being able to close a green candle up here would be ideal as it establishes price above resistance.
Furthermore a cup has been formed and if we were to atleast bounce along the 40 cent area that would give us a handle.  It’s a somewhat shallow cup, but

BREAKING: Steem up 78% since @steemit full power down.

January 23, 2019 Published by

The market doesn’t lie folks. And it is speaking. Steem is trading up on a few catalyst but most of the talk is about the deposit/withdrawals and arbitrage opportunity on Bithumb. I am not completely a believer of this scenario. The power down of @steemit started at the EXACT same time and the market continued to RIP up on this news. 7 straight days up in the air topping out at recently $0.44.

Both of these are GREAT NEWS, and I believe the latter is even better. Stinc has continued to FAIL it’s users and it is time for the WITNESSES

BITCOIN: We need some more volume…

January 22, 2019 Published by

Finally, BITCOIN has completed the last 5th…and it has been done in a very accelerated way as I wrote yesterday. So high that it all has happened in a matter of 10 minutes. Let me show you the BTC/USD chart in the 5′ timeframe:

That is, a sudden and sharp sell reaching the Target Support (remember I wrote yesterday 3430 USD) follow by a continuous “Flow” of equivalent Buy orders (BOT?) triggering afterwards successive another more “human style” buy orders…

As a consequence, watching now the 1h-chart, the movement upwards has over-passed the previous level which indicates that BTC is probably out

STEEM – 8.8 mil steem move

January 22, 2019 Published by

Still on massive volume which is good for steem. Mainly transactions from the korean exchanges thou. 8.8 mil steem move from bittrex to upbit. On 4hr chart, it completed the 3 leg staircase pattern followed by the mini double top. stoch highs declining. On daily chart, both RSI, stoch extended plus TD8 going to 9. Maybe one more push to test 1200 again or next resistance 1250 on TD9 before the reversal.
stockpile for short : high (more slow bleed)
Short term moving average (day candle) :
RSI :
SBD/STEEM :
Weekly Timeframe :
24hr change :
Marketcap :123
Volume :5466
Current supply :
Total supply :
Debt Ratio : below

Crypto Contest January 22: Loopring

January 22, 2019 Published by

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

(Chart courtesy of Tradingview.com (log scale))
You can see the wave count even better in the line chart.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Loopring is

BTC 22 Jan – Medium-term update

January 22, 2019 Published by

BTC broke out of my previous converging triangle. What does that mean?
In my post of 15 Jan, I published a converging triangle and spoke of an impeding breakout. This was the main image I used in that post and its follow-up post on 18 Jan:
After entering the “Breakout Zone” BTC broke out in a downwards direction. This presents a small problem because the breakout wasn’t definitive: yes it left the triangle, but not by much (as seen below).    
I now see two possible scenarios:
 
Scenario 1: Lower BTC prices
BTC may drop lower yet again – probably to one of

Steem showing Positive Divergences #crypto #cryptocurrency #blockchain

January 21, 2019 Published by

Ever since the announcement that @steemit was powering down and Bithumb was going to open up Steem accounts, the price of steem has been ripping higher. Now it is over 70+% from the bottom and currently trading higher than $0.40.

Looking at the charts, steem is one of the only cryptocurrencies that is currently trending higher over this duration. Many of the others were going sideways and are not selling off. Steem is not. This is called RELATIVE STRENGTH. This is what you want to be seeing, assets bucking the trend and moving positively. This may mean nothing because None can

10 Basic Crypto Investment Guidelines

January 21, 2019 Published by

In my two decades as an active investor – I’ve made every mistake in the book of mistakes. I’m sure I’ve also added a few new entries. However, over time, I’ve taken a few lessons on-board.
As a Crypto Investor Try Not To…
Invest First, Research Later
The rush to get money to market may feel exciting, but like most other things in life, taking your time leads to better results. Of course, we can’t control the outcome of an investment but we can control how we go about taking that position in the first place.  Skimming a whitepaper, reading a 2-page article, scanning

BITCOIN: Equal Patterns = Equal Results?

January 21, 2019 Published by

Another day of tiny volume, drafting what people is starting to call another “Bart” pattern, this time inverted.
Actually, if we want to be more rigorous with the TA and Pattern Recognition nomenclature this is what is called as Bear Flag… again…
Flags or pennants used to indicate a sudden acceleration of the price, it could be upwards or downwards but, since it is placed at then of a long candle down it is more likely that the acceleration would occur by tthe same direction, downwards…
Also, I feel it must be downwards since the EW-count still has some room to add a

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