STEEM – let’s see the price reaction from the incoming 2.6mil powerdown steem

Seem like the momentum is tampering around 1073 resistance, around the possible 2nd legged staircase pattern, maybe a 3rd leg into next resistance around 1150~1200.
Crazy high volume mostly to/from korean exchange.
steemit powerdown, first batch liquid steem 2.6mil to be available 20 jan. Let’s see if it can be absorb by the buying volume.
stockpile for short : high (more slow bleed)
Short term moving average (day candle) :
RSI :
SBD/STEEM :
Weekly Timeframe :
24hr change :
Marketcap :119
Volume :3128
Current supply :
Total supply :
Debt Ratio :
Daily supply :
Total account :

?BITCOIN – TRIANGLE BREAKOUT, SIMILAR PATTERN AHEAD ? | $WAVES TRADE

 
On 4hr chart XBT, breakout from triangle, lucky i didn’t short yesterday. Got a gut feel that it might just bounce to do a ascending triangle pattern and indeed it happened. Notice a similar pattern forming, will it repeat again ?
create FREE steem account (worth 3 steem) : http://bit.ly/share2steem_yt1
You post content on social media anyway, why not post and Earn…

Steem Rallies 70+% on @steemit Full Power Down…EMBRACE THIS #crypto #blockchain

You can’t make this up folks. I have been saying this for months, in fact many have been saying this for a while. And now the MARKET has reacted to it. While EVERYONE (many) on Steem blockchain moan and groan about @steemit powering down, I am like…

Steem immediately went straight up over the next 6 days once @steemit started the full powerdown. The MARKET loves this. For a reaction of 70+%, you can’t argue with the price. If you have been around markets (all markets rhyme) then you know that PRICE is what matters. This news is positive, don’t let

Crypto Contest January 19: BitShares

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

(Chart courtesy of Tradingview.com (log scale))
Looking at the monthly chart, I believe BitShares is currently in the red wave three (blue sub-wave iii).

BTC 18 Jan – Medium to Long-term forecast updates

This post is a look at how we are doing based on previous forecasts, and consequently what we can expect in the medium to long-term future.

A Bit Brain original

BTC 18 Jan – Medium to Long-term forecast updates

On 15 Jan I published a medium-term BTC forecast. The chart below is taken from that post, unmodified but for the candles that have been added since then.

So far the post holds true, BTC is still in a tapering triangle, fast approaching the breakout zone. It will reach the breakout zone approximately 24 hours from now. From that point onwards a breakout becomes likely,

STEEM – whose buying the pump

Steem price been pumping after the last post mentioned about steemit powering down 34mil steem. Could it be the pump up of steem first so they can sell higher when the liquid steem is available, 1st batch 2.6mil steem. Don’t see any huge individual buy, lots of volume going to/from korean exchange. I did set some on manual trail stop and got triggered when it came down below 900. Then it hold around 885 and bounce back and just awhile ago break even higher into 1050.
Base on previous spike pattern, it will rally around 200-300+ points before sharp sell off

Crypto Contest January 18: Power Ledger

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

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Power Ledger provides blockchain energy solutions for humanity. You can view their peer-to-peer electricity trading project in Bangkok,

STEEM – Stuck in a Trading Range

The price of steem saw a little pump the past couple days.   This has caught people’s attention and has folks speculating on why it has happened.
Here’s the thing, even with this little pump nothing has changed at the moment.  We are still in the same trading range we have been in, just now we are near the top end of it.
I know, I sound like a debbie downer.  I swear I’m just conveying what the charts are telling me though.  I do hope we can break this range to the upside.
Steem and the Range

As you can see looking at the

BITCOIN: Triangular formation…

Remember my post yesterday and my main Two Possibilities … Should I reconsider those scenarios ? Well, you have always to review and control the Plan, however, I have to say that both possibilities are still valid but one is taking more chances to be correct…

Today, BITCOIN has been drawing a nice Triangular Pattern, One spike up (b), another one down, repeating the same level…(a), (c).

Currently another green candle seems defining the (d)…

Breakage of the triangle usually happens on (e) but it can also happen on (d) as well so, we have to pay attention to the action of Bitcoin