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Tag: Cryptocurrencies

BITCOIN – 4 Jun

June 4, 2019 Published by

On 4hr chart, it did play out as mentioned in the previous posts testing the channel bottom and bull flag breakout line. Some buying support there, let’s see if the stoch oscillation can climb up slowly with the price. Big whale unloading slowly though.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :123
Total marketcap :255
Dominance :55.6
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

Bitcoin Will Likely Consolidate or Pullback Over Coming Weeks

June 4, 2019 Published by

I know we all want to be bitcoin bulls right now, and sure price could push for 10k at anytime.  However, the orderly price action, the better for the long-term price action speaks otherwise and I’m going to walk that path.  I am the scaredycat after all!
The Weekly Chart Tells a Clear Story

Looking at the daily chart you really don’t see this.  When we look at the weekly the picture becomes clear.
After 5 straight weeks higher we got a nice doji candle last week.  This shows us indecision and that buyers may have run out of gas for a bit.
Since

Crypto Contest June 4: Bankex

June 4, 2019 Published by

Bankex (Bittrex: BKXUSD) 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, Bankex began a wave one advance on February 16. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 10, and the red wave two (blue sub-waves a-b-c) correction ended on May 26. If this wave count is correct, Bankex should be heading next towards the April 10 peak in the red wave three.

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

Funnymentals

Bankex operates a Proof-of-Asset Protocol to bring Bank-as-a-Service (BaaS) and blockchain together and facilitate the digitization, tokenization & exchange of

The Bitcoin Halving Event – Part 2

June 4, 2019 Published by

Yesterday I started a two part series on Bitcoin Halving. This is the second part of that series. It will make little sense if you have missed Part 1.  Part 1 is available here: https://trybe.one/archives/the-bitcoin-halving-event-part-1/

The Bitcoin Halving Event – Part 2

TRANSACTION FEES:

What happens after the very last Bitcoin has been mined? Will miners stop mining because there are no longer any block rewards? No, they won’t. That is because block rewards are only a part of what miners earn when they mine a BTC block. They also earn transaction fees.At the moment transaction fees are only worth around 10% of the block

BITCOIN – 2 Jun

June 3, 2019 Published by

It’s still playing out the possible projected path towards testing the channel bottom. Another possible triangle consolidation in making on daily chart. Weekly close off green doji long tail, bull still want to be in control but reluctant to fight hard.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :123
Total marketcap :270
Dominance :55.9
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

RVN technical analysis

June 3, 2019 Published by

RVN seen from the temporality of 1D we can observe how the structure of candles remain within an inverted ascending wedge, this type of bullish setup is very common to see them at the beginning of a new bullish wave, within this setup the structure of candles are contracting within a small channel, while the volume is increasing, which ends up causing the breaking of the figure with an accelerated bullish movement.

We can observe how the current candle is testing the resistance located at 889, should not have major problems to overcome this position, our first take profit is located

The Bitcoin Halving Event – Part 1

June 3, 2019 Published by

Listen up and listen well!

Do you know what my real job is? It’s to be the voice of reason in a confused sea of opinions. I’m the guy who goes and finds the golden thread of truth amongst all the clutter. I’m the guy you turn to when you need an objective opinion, but everyone you know is running around like a headless chicken.

The chickens are running!

And squawking. Loudly. (Which is no mean feat for a chicken which has no head!)

All of the chickens are squawking the same thing:

“BITCOIN HALVING”

It seems as if halving is as misunderstood as what it

“We Need To Shut Bitcoin And All Other Cryptocurrencies Down – Here’s Why”

June 3, 2019 Published by

That is the title to a forbes article from a year ago that I posted about.  Wanted to revisit it as we have seen another year of growth in the crypto space.
I’ll revisit a couple items from the piece, but you are welcome to view the article yourself.
Read the full article here: We Need To Shut Bitcoin And All Other Cryptocurrencies Down
Permissionless vs. Permissioned Blockchain
Seems the author’s biggest argument was in regard to this. Which is ironic because if he believes in Permissioned Blockchains then why do we need to shut all crypto down?
An except from the article…
The Problem with Permissionlessness
The problem with

Litecoin: Price Consolidation is a Good Thing!

June 3, 2019 Published by

Price is consolidating the in recent days on litecoin.   We are going to look at the daily and weekly charts to see why this is actually a very good thing for longer-term upside.
Daily Point of View

Looking at the daily chart we can see ltc is now consolidating at the 108-110 area.  The level that was a prior resistance.  This price action is constructive as essentially price is forming a bit of a stair step pattern (though the price moves did pullback some first)
Only the daily chart it does not look like price is extended and most bulls are probably thinking,

Crypto Contest June 3: BitKan

June 3, 2019 Published by

BitKan (Huobi: KANBTC) 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, BitKan began a wave one advance on February 19. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 3, and the red wave two (blue sub-waves a-b-c) correction ended on May 14. If this wave count is correct, BitKan should be heading next towards the April 3 peak in the red wave three.

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

Funnymentals

BitKan is a cryptocurrency data and blockchain community service provider. They launched BitKan Smart Trade back in April.

(Sources: BitKan and Twitter)

How

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