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Tag: Cryptocurrencies

The Sunday Recap – Down the Rabbit Hole 33

June 15, 2019 Published by

Bitcoin is knocking on 9k. However, it’s regulations and proposed governments crackdowns that have dominated the cryptosphere this week. From a possible ban on ‘public’ blockchains in Russia, to a wholesale ban in India, to repressive FinCEN ( Financial Crimes Enforcement Network) KYC recommendations on crypto transactions over $1000, the news surrounding crypto regulations has been decidedly negative. None of this has come to pass but there’s little doubt regulatory headwinds are on the near horizon.

On a brighter note, Facebook looks set to announce details of it’s ‘Libra’ coin next week. While I’ve absolutely no interest in a centralized, corporate

BITCOIN – 15 Jun

June 15, 2019 Published by

On 4hr chart, as mentioned in yesterday post, it hitting near 8800 target resistance which is the channel top and also the possible ascending triangle baseline. Maybe come clinging on along the resistance level before turning down 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 Contest June 15: EDUCare

June 15, 2019 Published by

EDUCare (Huobi: EKTBTC) 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, EDUCare began a wave one advance on March 22. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 5, and the red wave two (blue sub-waves a-b-c) correction ended on May 20. If this wave count is correct, EDUCare should be heading next towards the May 5 peak in the red wave three.

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

Funnymentals

EDUCare is a public chain ecosystem based on multi-chain structure. The latest price surge could have been due to the following

Will Bitcoin SV Meteoric Rise Continue???

June 15, 2019 Published by

Bitcoin SV (stands for Satoshi’s Vision) has received another boost on Thursday. The cryptocurrency jumped from $190.00 to $220.00 in a matter of three hours after the Financial Times published a story on SegWit and Bitcoin transaction fees and cited Craig Wright on the issue. The development caused massive FOMO and Bitcoin SV buying; however, the speculative agitation seems to be fading away now. 

Source

Craig has a issues with coins/protocols that combine multiple Bitcoin transactions into a single transaction which makes it harder to track whose money has been where.

Bitcoin SV attempts to fulfill the original Bitcoin protocol, hence the name

BTC technical analysis

June 14, 2019 Published by

BTC seen from the temporality of 4H we can see how the current structure of candles carries an excellent count of a distribution scheme, accepting this premise, the current bullish movement should be the failed rally, this has to be confirmed even with a closure below the support located at 8200 and a subsequent test as resistance, in the chart I have drawn the possible trajectory that the price should follow in the process.

BTC seen from the temporality of 1D we can see how the previous wing that has made the closing above the resistance has done with very little

BITCOIN – 14 Jun

June 14, 2019 Published by

On 4hr chart, the mini double W pattern breakout, possible to test resistance level again around 8800 zone. Possible ascending triangle in making with baseline around 8800 zone too.
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 :

Binance to Block U.S. Customers from Trading

June 14, 2019 Published by

Well if you enjoyed trading on the binance platform and are a U.S. residents – that fun is over.  News today hit that they will be blocking U.S. residents from trading on the platform come September 12th, i.e, you have 90 days to get in compliance.
You will still be able to withdraw funds after that time though.
The coming margin option make this not a surprise
Recently Binance announced they will be offering margin trading, which basically means you can leverage your holdings to “borrow” money to trade larger positions.
This opens up a whole new can of worms in the world of

Crypto East vs West

June 14, 2019 Published by

 
Apologies for the slightly clickbaity heading: I’m playing on the topic of the US China Trade War.
While the Trade War doesn’t directly influence crypto, it surely plays a roll. I believe that as inevitable market crunches loom nearer, so crypto will become ever more attractive as an investment asset – specifically as a high ROI store-of-value. We all know that crypto isn’t as stable as gold, but gold can’t offer the returns that crypto does. Obviously that is bullish for crypto in the long-run.
But that’s not what I wanted to tell you today; today I want to draw your attention

Crypto Contest June 14: Ether Zero

June 14, 2019 Published by

Ether Zero (Bithumb: ETZKRW) 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, Ether Zero began a wave one advance on February 10. The red wave one finished on February 17, and the red wave two correction ended on February 24. The red wave three advance finished on April 6, and the red wave four correction ended on May 13. If this wave count is correct, Ether Zero should be heading next towards the April 6 peak in the red wave five.

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

Funnymentals

Ether Zero is a hard

Two Minute Crypto – Riding the Bull (Part 3 of 5)

June 14, 2019 Published by

Please click the link below to listen to the 41st 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-f9c4m-b48002

Transcript

Two Minute Crypto – Riding the Bull Part 3 of 5

Welcome to Two Minute Crypto this week continues the
discussion of how to maximize your returns during the next bullrun. The last episode
focused on planning and its primacy in determining successful trading or investment
outcomes. Today the related concepts of discipline and rule sets are examined.

Discipline

As either a trader of investor discipline should underlie
each

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