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Tag: Cryptocurrencies

Crypto Contest July 4: Synthetix Network Token

July 4, 2019 Published by

Synthetix Network Token (Bittrex: SNXBTC) 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, SNX began a wave one advance on May 14. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 7, and the red wave two (blue sub-waves a-b-c) correction ended on July 1. If this wave count is correct, SNX should be heading next towards the June 7 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Synthetix is a decentralised synthetic asset platform that provides on-chain exposure to real-world currencies, commodities, stocks, and indices. Blockchained Future explained the platform in more detail back in May this year.

(Sources: Synthetix Network Token and YouTube)

How can I vote? Where is the contest?

You can vote by following this link.

QTUM technical analysis

July 4, 2019 Published by

QTUM seen from the temporality of 1D we can observe how the price maintains a movement of (EW), after forming the wave number three, QTUM has entered into accumulation where it has found support within the price range of 4 – 4.1, which is indicated on the graph within a blue rectangle, this structure is forming the wave number four of the current trend, therefore, it is a good time to buy to go for more profits in the fifth wave that I have placed in the price range of 7.6 – 7.9.

QTUM seen from the temporality of 4H we can observe more closely the bullish banderin, a pattern of continuation of the bullish trend, in the graph I have marked the points (ABCDE) that has already formed this setup, currently the candles are consolidating in support forming point E and last of this pattern, we should see the price rise from here to test the resistance of the figure and look for the break up to the rise.

In conclusion, the price is forming a pattern of continuation and the movement has already formed point E, therefore, this is the best time to enter long and take advantage of the next movement of the price, I recommend to be attentive to the movement of the next candles of 4H, the price should not fall beyond 4.8, as this would be causing us an invalidation.

As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.

You can follow me on Twitter: https://twitter.com/armijogarcia

Admitting My Mistake! Answering Your Questions and a Quick Bitcoin Update

July 3, 2019 Published by

In this video I’ll quickly update my bitcoin analysis, answer your questions and admit I WAS WRONG!

Video:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/profile/?workin2005/) 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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Feature Image By: Saul Gravy

Bitcoin Rallies Back to Test Major Resistance!

July 3, 2019 Published by

Bulls have fought their way back up to test a major resistance at $11,500. This is a critical zone for bitcoin. Not only do we see clear visual resistance, when zooming in on a micro level we can see it’s hitting the golden pocket when pulling the fib from the local swing high to local swing low.

Screen Shot 2019-07-03 at 12.17.34 PM.png

Bitcoin is also sitting right inside the upper CME gap.

Screen Shot 2019-07-03 at 12.20.57 PM.png

In today’s video I discuss where price may go from here, traps to avoid and so much more. I hope you find it helpful. I’ll follow up this video with another one that answers your questions.

Video Analysis:

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

If you found this post informative, please:

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Get paid for viewing ads and Support the Crypto Ecosystem with Brave Browser. Free download here:
https://brave.com/wor485

YouTube: https://www.youtube.com/c/workin2005
Twitter: https://twitter.com/workin2005
Facebook: https://www.facebook.com/Workin2005
Feature Image By: Saul Gravy

BITCOIN: first STEEMLEO post and some resistance at 11300USD

July 3, 2019 (updated July 6, 2019) Published by

I have received the LEO token airdrop, corresponding equally to amount of staked PAL tokens I have today so, 1176 PAL = 1176 LEO , that’s amazing because STEEMLEO is one of the first tribes/communities created on top of STEEM in order for “investors to talk about anything and everything related to investing.”… and I have to join YES or YES this community for sure so, I hope @timm members would do the same… as well as @cryptopassion , @ew-and-patterns , @bitbrain , @workin2005 …

So, from now on I will get paid in PAL tokens and LEO tokens besides STEEM.

If you want more information about go and read this post and join the community! It is time to make STEEM blockchain greater!!!

Also you have further and extensive information here.

Regarding BITCOIN…

As I said yesterday in my post, it is very likely that the correction is finished but still we have to confirm the breakage of the 11300 USD resistance which is acting as expected since it was also a historical resistance in the past.

The things will be clearer If BITCOIN then overpasses the 12300 USD level ( B symbol on the chart) however I am not totally confident, the volume is doing some hesitating changes and RSI is clearly not oversold so I am keeping my buying order at 9400 USD placed 4 days ago just in case.

Enjoy!

@toofasteddie

Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

Crypto Contest July 3: XMax

July 3, 2019 Published by

XMax (Huobi: XMXBTC) 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, XMax began a wave one advance on May 26. The red wave one finished on June 8, and the red wave two correction ended on June 17. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on June 28, and the red wave four correction ended on July 2. If this wave count is correct, XMax should be heading next towards the June 28 peak in the red wave five.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

XMax is a blockchain entertainment developer ecosystem. Crypto Love interviewed the CEO last year.

(Sources: XMax and YouTube)

How can I vote? Where is the contest?

You can vote by following this link.

Quick Bitcoin Update and Answering Your Questions!

July 2, 2019 Published by

In today’s video I’ll discuss your questions and comments as well as give a quick update on Bitcoin. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/profile/?workin2005/) 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

If you found this post informative, please:

upvote.gif

Get paid for viewing ads and Support the Crypto Ecosystem with Brave Browser. Free download here:
https://brave.com/wor485

YouTube: https://www.youtube.com/c/workin2005
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Feature Image By: Saul Gravy

Bitcoin Bounces After Closing CME Gap! Was That the Bottom?

July 2, 2019 Published by

Bitcoin dropped just below our $10,000 target, closing the CME gap and bouncing nicely. It’s backed by a nice spike in daily volume.

Screen Shot 2019-07-02 at 1.00.34 PM.png
Screen Shot 2019-07-02 at 1.02.07 PM.png
Screen Shot 2019-07-02 at 1.12.43 PM.png

In today’s video I discuss where price may be heading next, key areas to watch, 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/profile/?workin2005/) 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

If you found this post informative, please:

upvote.gif

Get paid for viewing ads and Support the Crypto Ecosystem with Brave Browser. Free download here:
https://brave.com/wor485

YouTube: https://www.youtube.com/c/workin2005
Twitter: https://twitter.com/workin2005
Facebook: https://www.facebook.com/Workin2005
Feature Image By: Saul Gravy

BITCOIN: Buy order at 9700 USD Filled…

July 2, 2019 (updated July 6, 2019) Published by

…but still I think BTC can touch the 9400 USD support since there is still margin on the RSI to reach an oversold condition…

As I said yesterday, every drop of the market is now an opportunity for the accumulation during Bull Trends.

I have filled one of my Buy Orders at 9700 USD and it seems that BITCOIN found some support at 9660 USD, just a little below and above what I considered as the end of the A-B-C correction at 9400USD…

Volume on the 4h chart seems willing to recover also so the correction may be done, however it is not yet confirmed…

I would like to see the resistance of 11300 broken in order to get the final confirmation.

Enjoy!

@toofasteddie

Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

Bitcoin Gave Us the Pullback – Is it Now Attempting to Bounce?

July 2, 2019 Published by

A few days ago we looked at the weekly price chart of bitcoin and saw why it was a screaming sell and primed to pullback.  We’ve gotten a pullback to the first key level and price is showing some resilience now.

Seller Bounce or Reversal Toward Higher Levels?

Looking at the daily chart above you can see we have a reversal pattern in the workings.   Today’s candle needs to close above 10,500 for it to be valid, right about where price is at the time of this post.

That would give us the bullish-turn pattern I use for entry signals.  However, is the a new long-term entry or just a trade?

I say it is just a trade as nothing has changed on the weekly chart.  It is still extended from the 10 period average and this is the first candle after that nasty reversal candle that marked the end of last week.

Price has tested the 9,800 level I have mentioned in the past and is bouncing off of it.  Maybe that is the only test of it and we move higher, but I can’t help being a skeptic and thinking it will test it again, especially with 10K being such a psychological number.

See below..

Conclusion

With all that said I’m staying nimble and will enter long for trades only for the time being.  If this daily candle gives what we want I will take a shot.

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