The Sunday Recap – Down the Rabbit Hole 20

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While Bitcoin traded sideways, many altcoins have begun to move. Trading volume remains elevated. Meaningful? Time will tell. As to the cryptoverse – busy as always. Lots to take-in as projects continue to develop, iterate and expand.

Pick of the Week

​Crypto Bobby discussing the many reasons why blockchain and cryptocurrency has a positive long-term outlook. Not one to get over-excited Crypto Bobby lays out a convincing array of developments that point towards a bright future.

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Links to a slide presentation by Nic Carter on BTC’s performance as a monetary system (recommended):

Slides from my talk at the MIT Bitcoin Expo. Please overlook the fact that the

Litecoin Still Outperforming the Market

Relative strength is something I speak about often and with good reason!  When a crypto is acting stronger than the broader market, what do you think will happen when the whole market catches a bid?
Litecoin Not Pulling Back Like The Rest
If you look at the chart in this post you can see the positive price action Litecoin has had in recent months.  Higher highs followed by higher lows consecutively.
Over the past week other alt coins that made a run have pulled back, but litecoin has mainly held steady with just a red candle today after a very shallow pullback if

Is Dash About To Dash Higher???

Dash is based on the Bitcoin software, but faster, more secure and more private than Bitcoin.  Those 1st generation blockchains that don’t get upgrades, will certain be left in the dust by the 2nd, 3rd and 4th generation blockchains.  For example, on Dash when sending funds, one can select the “Use InstantX” box and their transactions will be done in less than 4 seconds.

The creator of Dash is Evan Duffield who by the age 15 years old, began in programming computers.  By 2013, Evan had begun to follow Andreas Antonopoulos and a few other prominent Bitcoin figures where a huge topic of discussion

HOLO [HOT] is becoming warmer…

I do not want to talk about the fundamentals of this very interesting project but I recommend you to read the information of HOLO and the HOLOCHAIN project here .

Besides, under a pure especulative view, HOLO is becoming [HOT]ter!!!

We have a nice cup formed and a handle on going, if HOLO [HOT] manages to break the upper blue line, the target can be 0.003 USD from the current 0.0012 USD.

 

Not too shabby at all.

Enjoy!

@toofasteddie

*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of

Crypto (Led by Litecoin) $LTC Continues Grinding Higher

It has been a long time coming, but you can see each day Litecoin continuing to lead this move higher. I mean barring any exchange hack, there is about a 90% chance crypto spikes here IMO. About a month ago I wrote that $50 LTC was pretty much a given with that igniting bar (https://mentormarket.io/cryptocurrencies/heyimsnuffles/i-mentioned-yesterday-ltc-litecoin-will-lead/ ). It has held this ever since and is continuing higher.

There is ZERO reason to be selling crypto right now unless you need to pay for medical service or put food on the table ( and food is questionable) Next target will be $65

Bitcoin Technical Analysis: BULLS TAKE ANOTHER SHOT AT RESISTANCE

Bitcoin is finally testing heavy resistance between $4,000 and $4,120 (Coinbase). A decisive break above could signal the start of at least a temporary bull run, while another strong rejection may lead to lower lows.

The daily RSI is looking bullish. There was strong resistance at 53.5 for months. That resistance appears to now be acting as support.

Shorts remain stacked while longs are relatively unchanged.

Looking at the daily chart, we can see the 8 day EMA remains on top of the 21 which is on top of the 55 day EMA. They’re starting to fan out which is bullish. This signals

Crypto Contest March 16: GoChain

GoChain (Binance: GOBTC) 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, GoChain began a wave one advance on October 12, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on November 12, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on February 20 this year. If this wave count is correct, GoChain should be heading next towards the November 2018 peak in the red wave three.

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

Funnymentals

GoChain is a scalable, high performance, low cost, and decentralized cryptocurrency and blockchain that supports

The Bull run will be driven more by the altcoins…

…than by BITCOIN side…

People may think that is an
obvious aspect since nowadays everybody is aware how major altcoins as
LITECOIN or BINANCE have been performed lately…

But I
remember that I envisage this behavior some weeks ago already and seems
that they are accomplishing the prevision to the perfection…

However, why am I saying that ALTCOINS will lead the Crypto Bull more than BITCOIN?

What it happened in the past was essentially the contrary. BITCOIN lead the grow and after consolidating its growth acceleration there was a huge transfer from BTC to the ALTCOINS.

But this time seems to be
different, altcoins

Bitcoin Technical Analysis: Price Exits Wedge…NOW WHAT?

Bitcoin rose out of the wedge it had been consolidating in over the past month. It’s now hitting resistance at $3,900.

Just prior to the decisive break out, market makers ran a stop hunt that pushed price up to $3,905 and back down to $3,775 before returning to baseline. This happened in under 30 mins.

As price has been on a slow uptick, shorts have been stacking.

Looking at the daily chart, we can see the Bollinger bands are starting to bottleneck.

In today’s analysis I discuss, key areas to watch, traps to avoid and so much more. I hope you find it helpful.

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