Lets talk about: Facebook’s “Libra”

 
I didn’t want to write a post about Libra.
I’m a crypto blogger and, in my professional opinion, Libra isn’t a cryptocurrency. I mentioned it briefly yesterday, as a joke, but I can see that I will have to mention it a few more times.
As an impartial, objective and knowledgeable third-party, I see it as my responsibility to correct wrong opinions in the crypto world. I can’t always convince people, but I can give them a fighting chance and I can then sleep soundly at night, knowing that I have at least tried to help. I have already seen some very

Crypto Contest June 19: Harmony

Harmony (Binance: ONEBTC) 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, Harmony began a wave one advance on June 1. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 6, and the red wave two (blue sub-waves a-b-c) correction ended on June 17. If this wave count is correct, Harmony should be heading next towards the June 6 peak in the red wave three.

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

Funnymentals

Harmony aims to offer a high-throughput, low-latency, and low-fee consensus platform designed to power decentralized economies of the future. Boxmining interviewed

A Bitcoin Breather is in Order

After quite the move over the past week the best thing we could see from Bitcoin is some consolidation and even some backing and filling would be fine.
Digestion is a Positive
Price get away a little and become overbought so if it can bounce around the 8,800 to 9,200 level for a few days it would be healthy and let the 10 period moving average catchup, which is what I like to use for a short-term gauge of over extension.
As you can see in the chart the 10 period has been left far behind and if you look back price always

Consolidation is more likely now…

Excellent week in general for the crypto market, more in particular for BITCOIN with 15% up in a week and ZCASH which is now up 37% in the 7 Days time frame, absolutely outstanding also…People sat that possibly institutions are bringing new money, which I hope it is happening, also the hype FACEBOOK LIBRA coin may affect as well despite is too early…However, I always look at the Total crypto Market chart as a whole and what I see now is that, even if we are going up day by day lately, some consolidation period is more likely to happen

RCN technical analysis

RCN seen from the temporality of 1W we can see how the price is in range zone with a prolonged trend since April with offer against the resistance located in the 605, the price has not achieved support this level so it has continued to fall with a small take profit around 500, in this perspective the price has to keep going down, the next support is located at 256, I have also placed a lower support based on the fibonacci tool and drawn the possible trajectory that could follow the price to continue going down, waiting for a pullback

Analyzing Bitcoin, EOS, XRP, ETH, BNB, LTC and BAT: Quick Updates

Bitcoin continues to trade above $9,000 as volume declines. We’re seeing strong resistance between $9,400-$9,600.

In today’s video I analyze Bitcoin, EOS, BNB, ETH, XRP, LTC and BAT. We’ll discuss where prices may be heading next, key areas to watch, traps to avoid and so much more. I hope you find it helpful.

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

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BITCOIN – 18 Jun

On 4hr chart, possible double top, heading to test 8800 support zone which is also about the MA support. Let’s see if it bounce off, if not its heading to 8200 again.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :
Total marketcap :
Dominance :
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

Crypto Top 20 – in one paragraph apiece

I’ve never kept my feelings towards the various cryptocurrencies a secret, but I’ve also never summed them up and put them down in one easily accessible place before. While I would love to review 1000 of them for you, that’s rather infeasible, instead I have elected to use the CoinMarketCap list of top 20 coins by market cap.

This isn’t an in-depth review, it’s just to let you know what I, The Mighty Bit Brain – keeper of arcane crypto knowledge and wisdom, think of the main cryptocurrencies currently dominating the market.

The Top 20 in one paragraph apiece

BITCOIN

The original crypto. Now

Crypto Contest June 18: Skycoin

Skycoin (Binance: SKYBTC) 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, Skycoin began a wave one advance on May 14. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 31, and the red wave two (blue sub-waves a-b-c) correction ended on June 16. If this wave count is correct, Skycoin should be heading next towards the May 31 peak in the red wave three.

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

Funnymentals

Skycoin fuels an entire ecosystem of applications including the new de-centralized internet called Skywire that empowers users to earn coins for

Binance Continues To Make Money Moves

Binance, one of the largest cryptocurrency exchanges by volume, is issuing a bitcoin-backed token, the firm announced in a blog post on Monday.Named BTCB, the tokens are reportedly 100% backed by bitcoins held in a reserve address, and will be issued by the exchange’s native blockchain network, Binance Chain.BTCB’s launch is part of a larger move by the exchange to boost the selection of tokens available for trading on Binance DEX, Binance’s recently-launched decentralized exchange. BTCBs will be available for trading via a BTCB/BTC trading pair on Binance’s main platform, and can then be transferred to Binance DEX for trading.“With