Crypto Contest June 28: YouLive Coin

YouLive Coin (Huobi: UCBTC) 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, YouLive Coin began a wave one advance on February 21. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 9, and the red wave two (blue sub-waves a-b-c) correction ended on June 22. If this wave count is correct, YouLive Coin should be heading next towards the April 9 peak in the red wave three.

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

Funnymentals

YouLive’s vision is to build the truly decentralized live social platform through blockchain technology to enable real-time content

Two Minute Crypto – Riding the Bull (Part 5 of 5)

Please click the link below to listen to the 43rd episode of my weekly crypto podcast ‘Two Minute Crypto.’ These are intended to be short, single-topic ramblings on some aspect of the cryptosphere. Comments and critiques welcome.

External Podcast Link

https://www.podbean.com/eu/pb-u4net-b610ed

Transcript

Two Minute Crypto – Riding the Bull (Part 5 of 5)

Welcome to Two Minute Crypto – this week marks the
conclusion of this mini-series focusing on maximizing returns during the
current crypto bullrun. Clearly, it’s time to trust the trend and recognize the
price momentum before us. Black swan events aside, for the next year or two we
have entered ‘buy the dip’ territory.

Sure,

TRX technical analysis

TRX seen from the temporality of 1D we can see how the movement of the candles have formed an upward channel where the price has been forming peaks and lows ever higher, in the current structure of candles the price has formed a double roof that I have indicated within the blue circles, this is a sign of reversal of trend, the neck line is located at 0.029, I have indicated a possible scenario if the neck line of the double roof is broken, where it is possible to run a pullback and recover the support to continue rising.

TRX seen

Bitcoin Reverts Back to 10 Day Moving Average – Surprises No One

With every rip there is a dip.  That is why we sell rips and buys dips.  Bitcoin is dipping today and dipping hard.
Price extension and moving averages as a guide
I often talk about the 10 day moving average because it is my favorite short-term moving average and I have found it a good guide for when price gets too extended on a coin.
When that happens it becomes my target for the pullback (or bounce).  Sure enough the price of BTC behaved accordingly and just spike down to it before finding some legs at the time of these writing.
Now, I expect

Crypto Contest June 27: Maker

Maker (Bitfinex: MKRUSD) 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, Maker began a wave one advance on December 7, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 2 this year, and the red wave two (blue sub-waves a-b-c) correction ended on April 26. If this wave count is correct, Maker should be heading next towards the April 2 peak in the red wave three.

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

Funnymentals

Maker is a Decentralized Autonomous Organization (DAO) that manages the Dai Credit System on the Ethereum blockchain. For

Bitcoin in “Rippy Mode” $BTC $ETH $LTC

Bitcoin has been in Rippy Mode. Everyone who PANIC sold into the Bear Market is kicking themselves in the butt right now. We were accumulating crypto the ENTIRE time and was off the train in the last 14-20K move. Although the main accumulation had the major move into June, I believe this was still the rip across the bow. I am not sure that Bitcoin and crypto are going to give anyone a chance to “Get In” on this go around. I advise to buy all major pullbacks…

This uptrend is a MASSIVE BEAUTY!

XRP technical analysis

XRP seen from the temporality of 1D we can see how the price has made the break of the symmetric triangle with its subsequent throwback to the support where it has tested correctly to continue to rise, the price should rise to our target indicated in the chart, around 0.57 – 0.58, the price should not fall from the support as this would be generating an invalidation in the movement.

XRP seen from the temporality of 4h we can observe more closely the current structure of the movement, after concluding point E has formed the first bullish wave and then make

Bitcoin Has Officially Gone Parabolic – Remnants of 2017?

Today has seen Bitcoin officially hit parabolic mode as price is soaring straight higher on the price chart.  Being someone that is HODling some I’m trying to just enjoy the ride, however the investor in me can’t help but worry when the punch bowl is gonna run dry.
We’ve seen this before, we’ll see it again

Look at this chart.  It’s basically a straight line up the past few days.   Last time we saw that was…yep, late 2017 and then there was the aftermath.
How High Can We Go?
If price is gonna do what it did last time than 17K is certainly foreseeable,

NEO news

 
I spend a lot of time saying “buy NEO”, but admittedly, not a lot of time saying why.
I don’t like people to buy something without researching it. Anyone who bothers to research NEO properly will buy it, they’ll sell their own grandmothers for NEO if necessary. Sadly it appears that most folks are too lazy to research NEO (or they REALLY love their grandmothers), they’d rather just follow the regular hype and buy whatever is trending. This is how vapourware like ADA stays in the top ten, or how centralised, over-supplied rubbish like XRP becomes a leading coin. Sheep are

Crypto Contest June 26: UTRUST

UTRUST (Bitfinex: UTKUSD) 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, UTRUST began a wave one advance on November 25, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 3 this year, and the red wave two (blue sub-waves a-b-c) correction ended on June 24. If this wave count is correct, UTRUST should be heading next towards the June 3 peak in the red wave three.

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

Funnymentals

According to their website, UTRUST is the world’s first cryptocurrency payment gateway to offer buyer protection, instant transactions