Bitcoin Hitting New 2019 Highs!

Bitcoin bulls have continued to impress, hitting another new 2019 high today of $9,430. Daily volume is steady.

Shorts have spiked nearly 50% in the last 10 days. This would suggest bitcoin may have more room to run in the form of a short squeeze.

Looking at the CME Futures chart, we’ve discussed the gap between $7,200 and $7,450. We’ve got another fresh gap between $8,500 and $9,050. Probability is price will eventually drop to close these gaps. That said, it doesn’t mean bitcoin won’t continue up first.

In today’s video I discuss where price may be heading next, key areas to watch,

STRAT technical analysis

STRAT seen from the temporality of 1D we can observe how the price remains within the range of accumulation indicated in the graph within the green rectangle, we can also observe in the major figure as it has come forming a parallel channel, I have indicated it in blue color to differentiate it from the descending wedge in red color, where we see that the previous candle when touching the resistance to found offer that has pushed the price down.

STRAT seen from the temporality of 4H we can observe more closely the zone of accumulation, we see the bearish impulse

BITCOIN – 17 Jun

On 4hr chart, doing it’s consolidation as mentioned. lets see if it test 9600 or 10k zone.
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 :

Altcoin Buying Masterplan (it’s working…)

I often share information about the coins I hold and buy. While I sometimes categorise or group them, I rarely look at my portfolio as a whole and explain it in broad terms.

This post is to explain the broad rationale behind why I buy what I buy. It’s to give you an idea of why I am focusing my altcoin investments where I am, and perhaps an idea of how that is working for me so far.

Turn back the clock

Little story of my crypto history:

Like many crypto investors, I was doing very well in 2017. Not wanting him to miss

Crypto Analysis Report 6-17-19…Look For Catalysts To Push Bitcoin Higher

Bitcoin, which has been rallying hard over recent months, has hit a fresh year-to-date high, breaking the psychological $9,000 level for the second time this year and leaving investors eyeing the $10,000 mark.Bitcoin and cryptocurrency sentiment has been boosted recently by news social media giant Facebook is looking to create its own cryptocurrency, with details of the Palo Alto company’s plans expected to be fully revealed on Tuesday this week.Meanwhile, bitcoin traders and investors are looking ahead to next year’s bitcoin halvening event which will see the daily bitcoin supply cut by half overnight, with some predicting this will cause

Crypto Contest June 17: Ocean Protocol

Ocean Protocol (Bittrex: OCEANUSDT) 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, Ocean Protocol began a wave one advance on May 10. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 26, and the red wave two (blue sub-waves a-b-c) correction ended on June 11. If this wave count is correct, Ocean Protocol should be heading next towards the May 26 peak in the red wave three.

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

Funnymentals

Ocean Protocol is a decentralized data exchange protocol to unlock data for AI. You can watch their intro

BITCOIN – 16 Jun

On 4hr chart, adjust the possible channel top. It went higher than the expected 8800 zone. Possible clinging on along the top resistance to 9600 zone or even 10k.
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 :

Ethereum and the $275 Brick Wall

For over a month now the price of Ethereum has struggled at a certain price area.  It is currently at this point again and has found some early resistance.
Ethereum and the $275 Brick Wall
I have posted the weekly chart of ethereum here as it gives us a clear view over the last 5 weeks of how the $275 area has been a problem.
Here’s the thing though, there is so much pent up action at that price that when it does break ETH is likely to give a burst higher.  Upside targets would be 293 and then 318 with the larger

Crypto Contest June 16: RIF Token

RIF Token (Bitfinex: RIFUSD) 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, RIF Token began a wave one advance on February 13. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on February 24, and the red wave two (blue sub-waves a-b-c) correction ended on May 15. If this wave count is correct, RIF Token should be heading next towards the February 24 peak in the red wave three.

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

Funnymentals

The RIF Token is intended to allow any token holder to consume decentralized infrastructure services that are compatible

Cryptocurrency Relative Strength Analysis Report For Week Starting 6/16/19

When you think about Cryptocurrencies, one name immediately comes to mind, Bitcoin.  Since the creation of Bitcoin, there has only ever been one cryptocurrency at the top of the market cap rankings…Bitcoin. 

When the price of Bitcoin rises, generally you can expect altcoin prices to rise with it. Likewise, when the Bitcoin price drops, altcoins also follow. And sometimes when Bitcoin is rising, the altcoins are declining due to cash moving from the altcoins to Bitcoin and vice versa.

Source Image

Bitcoin dominance is used to measure the percentage of the cryptocurrency market that can be attributed to Bitcoin. Thus, it’s very easy