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Tag: Cryptocurrencies

Crypto Contest January 10: TRON

January 10, 2019 Published by

TRON (Binance: TRXUSD) 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, TRON 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, TRON should be heading next towards the January 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
TRON is dedicated to building the infrastructure for a truly decentralized Internet. Dallas Rushing reviewed the coin in October

BITCOIN: Bye Bye to iHS…

January 10, 2019 Published by

…but only for the moment

What we are contemplating now is the “building” of the last leg of the correction, which I expected since a week ago…

The question for me now is how deep BTC will fall in order to complete the “C” leg…

As I am stick to the plan that this is indeed a 5-3-5 Zig-Zag correction, the “C” leg should finish than the “A”, which finished at 61.8 Fibonacci’s Level…

So for the “C” I would expect a “Healthy” price corresponding to the next FIBO Level (78.6%) which is 3367 USD.

Let’s “sail” the new stream

@toofasteddie

*Disclaimer: This is just

BTC – 10 Jan

January 10, 2019 Published by

I’m back from vacation. (Did you miss me?) Time to catch up the last few days and to look ahead a few more.

BTC is growing increasingly comfortable with climbing in price. The pattern is looking more and more like post-capitulation growth.

https://mentormarket.io/bitbrain/to-capitulate-or-not-to-capitulate-that-is-the-question-part-2-the-answer/https://mentormarket.io/bitbrain/to-capitulate-or-not-to-capitulate-that-is-the-question-part-2b-the-rest-of-the-answer/

My suggestion is still to remain wary of the possibility of a Dead Cat Bounce, though I don’t see BTC dropping below $3000 even if that does happen. I’ll do a longer-term prediction post soon.

Looking at the charts today we see a downwards correction after some rapid growth. The growth phase occurred after a converging triangle which took about

Security Token Offerings – Part 1

January 10, 2019 Published by

Security Token Offerings or STOs have long been a part of the crypto narrative but 2019 and beyond will see them take centre stage. This three-part series will attempt an overview of the characteristics, advantages, and drawbacks of this new form of offering. Part one focuses on the possibilities raised by STOs. Part two focuses on the very real possible drawbacks for crypto, in general and investors, in particular. The last post attempts to give a fair overview of STOs for the following year.

To be clear from the onset, STOs are very unlikely to offer the spectacular returns of ICO’s in early to late 2017.

Crypto Contest January 9: Hydro

January 9, 2019 Published by

Hydro (Bittrex: HYDROBTC) 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, Hydro began a wave one advance on September 22, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 2, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 7 this year. If this wave count is correct, Hydro should be heading next towards the October 2, 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Hydro is a decentralized ecosystem using cutting-edge cryptography to secure user accounts, identities,

EOS Technical Analysis: Is EOS Preparing to Move?

January 9, 2019 Published by

EOS has been consolidating for over a week now. It’s being squeezed within a wedge and looks like it may make a larger move in the next day or 2.

The 4 hour RSI is also being squeezed, suggesting a larger move to come.

In today’s video analysis I discuss, where price my be heading, 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.

BITCOIN: In the Neckline of the “inverted Head and Shoulders”

January 8, 2019 Published by

Many people ask me why lately I only use BITCOIN in my daily analysis and why not to search for other good altcoins willing to “Pump” and generate quick profits…

Quick and easy answer, because BITCOIN is the reference Crypto, still and, despite I am strongly convinced that there are much better 2nd or 3rd generation blockchains as STEEM, EOS or the like… I cannot deny the supremacy of the “king” besides is “beauty” in being the great invention of this, our beloved Blockchain technology…

Having said that, and coming back to the usual post topic here that is the TA analysis

Bitcoin Technical Analysis: QUICK UPDATE…More Watching and Waiting

January 8, 2019 Published by

Bitcoin remains above $4,000, which is impressive considering how weak overall volume has been.

Long positions remain stacked while short positions continue to fall off.

In today’s video analysis I discuss, where price may be heading next, signs to watch out for 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 next time, wishing you safe and profitable trading!
Workin
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Crypto Contest January 8: ParkinGo

January 8, 2019 Published by

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

(Chart courtesy of Tradingview.com (log scale))
Zooming out in the daily chart, I believe ParkinGo is currently in the

BITCOIN: Hesitance and Low Volume

January 7, 2019 Published by

Still volume so small, drawing what is seems to be a shy bull flag after the 5 minutes move upwards yesterday…

Someone may say that is Bullish signal, some may say that it has been only a “manipulation” movement willing to trigger the upwards constant move but…it seems to be only a few big buying orders willing to move the market indeed…

We are still far from being out of danger despite BTC is moving above the 50 EMA oat the 4h-chart…

I’m still considering a final move upwards before correcting long down…

Remember, two options, either BTC crosses the “Neckline” of the inverted

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