On 4hr chart,as expected denial clinging on to the triangle top resistance. Likely consolidation within the possible mini descending triangle with baseline 3870. Margin short seem to be lacking confidence as it dip.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :116
Total marketcap :140
Dominance :50.6
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :
Tag: Cryptocurrencies
The Litecoin Relative Strength Continues (Technical Lesson) $LTC
I said a few weeks ago in multiple posts that I was expecting LTC to lead us off the bottom. From that igniting bar in early February you can see the strength all the way up and even today. I am going to teach you a lesson of Relative Strength. Check out the chart below.
You can see the igniting bar and the trend that started. Notice on the RSI indicator at the bottom how LTC continuously gets “overbought” (RSI>70) and NEVER gets “oversold” (RSI
Crypto Contest March 23: Machine Xchange Coin
Machine Xchange Coin (Huobi: MXCBTC) 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, Machine Xchange Coin began a wave one advance on December 30, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 8 this year, and the red wave two (blue sub-waves a-b-c) correction ended on March 22. If this wave count is correct, Machine Xchange Coin should be heading next towards the January peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Machine Xchange Coin is inspiring fast, efficient, decentralized data exchanges using LPWAN -blockchain
BTC 200 MA – revisited
Some time ago (Just before Christmas 2018) I wrote a three part series titled: “To CAPITULATE or NOT to CAPITULATE? That is the question”. Part 2 of that series “The Answer” was dedicated entirely to an argument against (further) capitulation and was based on only one thing: the 200 MA.
I suggest reading The Answer before reading this post, because it lays the groundwork for this post and provides a few insights which I will not be repeating. You can find it here: https://mentormarket.io/bitbrain/to-capitulate-or-not-to-capitulate-that-is-the-question-part-2-the-answer/
For those who may be interested in further reading, the rest of that series may be found here:-
Part 1: https://mentormarket.io/bitbrain/to-capitulate-or-not-to-capitulate-that-is-the-question-part-1-the-question/Part 3: https://mentormarket.io/bitbrain/to-capitulate-or-not-to-capitulate-that-is-the-question-part-2b-the-rest-of-the-answer/
It’s funny to look
BITCOIN – 22 Mar
Indeed it came back into the triangle after tiny wick up. Still feel sense of denial, probably still gonna cling on this triangle resistance top awhile. Would be good for it to take some breather space around 3870 zone and do its mini descending triangle consolidation. As total marketcap increase and btc dominance up, money flowing into altcoin as we can see some of them rallying up after candle test and push thru 200 day MA. Can this momentum bring btc up along ? as of now it still look heavy on btc.
News: (Current) | (Upcoming)
Short term moving average (day
Crypto Contest March 22: Bytom
Bytom (Huobi: BTMETH) 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, Bytom began a wave one advance in January 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in April 2018, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, Bytom should be heading next towards the April 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
The Bytom blockchain project was launched to develop a protocol that could tokenize assets from the physical world and represent
Blocktivity Check: EOS STILL LEADS
Every so often I like to go back and check on one of the most important aspects and one thing I believe truly matters with cryptocurrency and blockchain IMO, and that is speed. You can measure this with the amount of transaction over a running 24 hour period at blocktivity.info. This is why I believe that graphene chains are so important. Take a look at these speed numbers and how far BEHIND Bitcoin and Ethereum is with SCALING.
You can clearly see why I am a huge EOS guy. (Steem as well and WLS but that is for another day). The
Two Minute Crypto – Incentives
Please click the link to listen to the 31st 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.
Alternative link:
https://itunes.apple.com/au/podcast/two-minute-crypto-incentives/id1441492450?i=1000432029684&mt=2
Transcript
Two Minute Crypto – Incentives
Welcome to Two Minute Crypto – This week I’d like to lift the veil on incentives in the cryptosphere. As most of us are not full-time project participants we access crypto news through digital media. We certainly don’t read the local paper to do so. Unless you’re looking for another Bitcoin is dead piece that is. The net abounds with
Bitcoin Technical Analysis: QUICK UPDATE
Bitcoin broke below $4,000 earlier today, finding support right around $3,900 before bouncing. It’s currently trading around $3,950 on Coinbase.
In today’s analysis I discuss where price may be heading next, traps to avoid and so much more. I hope you find it helpful.
Video Analysis:
If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to watch.
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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Platinum: Crossing the Bar?
Sunset and evening star,And one clear call for me!And may there be no moaning of the bar,When I put out to sea, Crossing the Bar ~ Alfred, Lord Tennyson
Tennyson was speaking about death in this famous poem. Today I’m going to take a more positive spin on “Crossing the Bar”; this post is about life – Platinum coming back to life!
Almost a month ago I published a post titled “Time to buy Platinum?”, in which I made it fairly clear that I believed it was indeed time to buy. In fact: so good was my post, that it convinced me to









