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Tag: Cryptocurrencies

Ollie Bargain Outlet’s Earnings Disappoint

June 10, 2019 Published by

Closeout retailer Ollie’s Bargain Outlet (OLLI – Get Report) reported better-than-expected earnings but same-store sales missed estimates, prompting a drop in the stock price.Shares of Ollie’s opened the trading day Friday down 2.81% at $94.84 on the Nasdaq Stock Market after the company reported adjusted net income of $30.2 million, or 46 cents a share, vs. adjusted net income of $26.6 million, or 41 cents a share, in the comparable year-ago quarter.Comparable same-store sales, however, a key measure of retailers’ profitability, came in at 0.8%, down from a 1.9% gain in the comparable year-earlier quarter and below Wall Street expectations.For

BITCOIN – 10 Jun

June 10, 2019 Published by

On 4hr chart, still doing its sideways consolidation between 7400 – 8000. Probably another 1-2 days for the completion of the head of HS to test the neckline level around 6500~6800 zone. On daily chart, possible bull divergence, lower lows on stoch and higher lows on price. Possible to do a flash long shadow dip to the 6500 zone and bounce up to continue the right shoulder.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :
Total marketcap :253
Dominance :55.6
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

Bitcoin: Waiting to Exhale

June 10, 2019 Published by

 
If you caught the film/book reference in the title then I have bad news for you: you’re old. Like me.
It has recently come to my attention that BTC looks poised to fall in price.
Nothing Earth shattering, just a regular, healthy price retracement.
If you follow me on Twitter then you should have seen this over the weekend:
 

From https://twitter.com/brain_bit

 

Like I said in that Tweet, I’m expecting a drop in the region of $1.5k – $2k. I base this on a variety of factors: reigning market sentiment, support levels, volume and historical retracement behaviour. Also as I said in the Tweet, this is

Crypto Contest June 10: CloakCoin

June 10, 2019 Published by

CloakCoin (Bittrex: CLOAKUSD) has broken out of the triangle pattern in the weekly chart.

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

Elliott Wave Analysis

In Elliott Wave terms, CloakCoin began a wave one advance in January 2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in December 2017, and the red wave two (blue sub-waves a-b-c) correction ended in May this year. If this wave count is correct, CloakCoin should be heading next towards the December 2017 peak in the red wave three.

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

Funnymentals

CloakCoin is a cryptocurrency designed to facilitate private, secure and untraceable decentralized transfers with Enigma. The coin is now five

BITCOIN – 9 Jun

June 9, 2019 Published by

On 4hr chart, possible mini triangle consolidation to the downside. Yesterday opinion still valid. Weekly likely to close off evening star pattern.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :109
Total marketcap :247
Dominance :55.6
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

Crypto Contest June 9: FansTime

June 9, 2019 Published by

FansTime (Huobi: FTIBTC) 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, FansTime began a wave one advance on May 14. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 18, and the red wave two (blue sub-waves a-b-c) correction ended on June 5. If this wave count is correct, FansTime should be heading next towards the May 18 peak in the red wave three.

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

Funnymentals

FansTime is a vertical blockchain-based project focusing on the entertainment industry. You can view their intro video below.

(Sources: FansTime and YouTube)

How can

Cryptocurrency Relative Strength Analysis Report For Week Starting 6/9/19

June 9, 2019 Published by

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

The Sunday Recap – Down the Rabbit Hole 32

June 8, 2019 Published by

Are we mid-way through a steep correction or about to bounce? Probability may favour the bears at this point but as always nothing in crypto is certain. EOS had its big moment – did Block.one disappoint? Checkout out the video below by Investing With A Difference for an upbeat assessment. Bitcoin SV pumped mysteriously, KIK and the SEC locked horns as did the US and China over an ever-expanding trade dispute. Never a dull moment.

As usual, I’ve selected the articles etc. because I found them enlightening, compelling or challenging in some fashion. I don’t necessarily agree with the sentiments of

BITCOIN – 8 Jun

June 8, 2019 Published by

On 4hr chart, still valid for possible HS. Neckline may be around 6500 – 6800 zone. Likely to close of the week bearish and more downside next week.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :
Total marketcap : 254
Dominance :55.5
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

Litecoin Testing the 120 Level Again After Short Dip

June 8, 2019 Published by

Gotta say Litecoin price action is acting more resilient than I expected.  After a quick dip down to 97 on an intraday basis price has pushed right back up to the highs in just a few days.
Sadly I had buy order down at 93 as it looked like that is where price would likely pullback to on the weekly chart.  Apparently things are strong though and the overbought condition on the weekly is sitting on the sideline for now.
Level Up or Fail
So here we are.   Looking at the daily chart you can see we are testing the 120 area.  Really

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