Log in

Tag: Cryptocurrencies

BITCOIN – possible W pattern

January 21, 2019 Published by

On 4hr chart, consolidation continue around 3520 zone preparing for the next move. Where will it head ? up or down ? If it continue to hold, maybe there’s a light bounce to form a mini double bottom W pattern up to neckline around 3700 again. It could also dip lower lows, 2nd leg of staircase pattern into 3300 zone. More bias towards light bounce.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :120
Total marketcap : 119
Dominance :52.4
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

Crypto Contest January 21: Steem

January 21, 2019 Published by

Steem (OpenLedger DEX: STEEM/BTS) 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, Steem began a wave one advance in December 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 December 2018. If this wave count is correct, Steem should be heading next towards the April 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Steem is a social blockchain that grows communities and makes immediate revenue streams possible for users by

Security Token Offerings – Part 3

January 20, 2019 Published by

The first two parts of this series sought to clarify what STO’s actually are, their potential for investors, and the possible pitfalls which come with such tokens. This final installment examines the current infrastructure of the STO market and attempts to identify a lower risk approach to investing in the space.
Primary Components of the Security Token Market
Issuance Platforms
Custodial Solutions
Security Token Exchanges
Smart Contract Validation
Individual Security Token Offerings
Issuance Platforms
These entities are the base layer of the security token industry. They typically facilitate the set-up, issuance, and compliance of a security token on behalf of their client. Thus, Know Your Customer (KYC) and Anti Money Laundering (AML) procedures are

Crypto Analysis Report 1-20-19…Litecoin Is At A Critical Level

January 20, 2019 Published by

Charlie Lee aka Satoshi Lite and the creator of Litecoin sold his stake in Litecoin in 2017 due to a conflict of interests.  But was it a conflict of interests or did he see what many didn’t see.  Charlie did say that he had lived through the DotCom bubble and that Bitcoin’s dramatic rise looked similar due to all the hype.

2018 was a terrible year for
Litecoin, but what coin didn’t have a terrible year.  Litecoin once traded north of $300, but fell
during the bear market.  I honest didn’t
see Litecoin returning to sub $30, but that’s what happen.

Nevertheless, Litecoin is

BITCOIN: This is the EW count on play…

January 20, 2019 Published by

I have to make reference here to my post published on January 15th, called “BITCOIN: Current Possibilities”.

There, I planned two scenarios, depending if the 5th wave was already completed or not…

Well, what it seems now is that the previous 4th wave formation has lasted 5 days to complete and what we are seeing right now is the final 5th wave down…as an extended wave.

The target support 1 has been crossed by the price, reaching resistance at the same level of wave (3) and creating a double bottom which is a good sign of recovery but, the (5)th wave down

BITCOIN – looks like the pattern repeating

January 20, 2019 Published by

Mentioned about the repeat of the previous pattern in yesterday video and indeed today it happened. Finding support now around 3520 zone. Likely to consolidate awhile maybe light bounce around this zone. Possible 3 legged staircase pattern ahead into 3300 zone?
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :116
Total marketcap :119
Dominance :52.5
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

Crypto Contest January 20: PotCoin

January 20, 2019 Published by

PotCoin (Bittrex: POTUSD) 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, PotCoin began a wave one advance in January 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in November 2017, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, PotCoin should be heading next towards the November 2017 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
PotCoin is a digital currency for the cannabis industry and community. Cryptonomics covered the coin last year.

(Sources: PotCoin and YouTube)

If you

Crypto market signals stability

January 20, 2019 Published by

Whereas investor confidence was wavering and unpredictable during the 2018 bear market, 2019 is showing us a stable market which has so far supported sustainable growth.

From a bullish perspective this is a positive sign – and one which is hardly surprising. For the past year I have been attacking bearish sentiment on all fronts: the inane mentality that sells a long-term hold for short-term profit (akin to selling Microsoft shares in the early ’80s), negative sentiment towards crypto – a disruptive revolution in international finance, the total disregard of a plethora of positive and substantial 2018 crypto news etc.

I’ve given

The Sunday Recap – Down the Rabbit Hole 12

January 19, 2019 Published by

A lot to take in this week. Encountered a trader whose hard-nosed perspective on trading made even me blink a bit, came across a novel way to tackle the concept of ‘intellectual rights’, started an epic deep dive into BitTorrent, and lost far too much time gazing at a ‘visualisation’ of Bitcoin transactions. The bear grinds on as bears are sometimes want to do but this space keeps on giving to those who are willing to peer under the hood.
Twitter
Insightful and important insights into how our very ‘nature’ works against successful investing:


If you are considering become a day trader –

When a Bullish Market?

January 19, 2019 Published by

…or better said, by when the reversal will be confirmed?

Honestly, I do not know with certainty but I can share with you what I think are really good and simple tools to assess this point:

The Crypto Total Market Cap, in a Daily timeframeThe 200 DMA lineThe “Volume Flow Indicator” by LazyBear

Essentially, the Market is in a Bearish Trend when, the 200 DMA keeps located above “Total Market candle Line” and the “Volume Flow Indicator” [VFI] keeps below the “0” line separating two scenarios.

So, to confirm the reversal trend we should have to see first, an “approach” of the “VFI”

September 2026
S M T W T F S
 12345
6789101112
13141516171819
20212223242526
27282930  

Latest Media