BITCOIN – 8 Mar

On 4hr chart, divergence on price and stoch. kinda of trying very hard to climb up this 3880 resistance zone. Still waiting for the pullback to retest the bottom of the triangle. Even if it does push through very limited upside on 4000zone.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :116
Total marketcap :133
Dominance :51.7
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

BTC – 08 March

A quick look at what BTC is doing

In the short-term BTC is channel bound within an ascending channel. It seems likely that this state of affairs will not continue for too much longer. I say that based on the length of similar channels in the recent past. I expect a sudden rise or dip before BTC forms a new channel with the same East-North-East price movement.

The chart below looks back about three weeks and shows how this East-North-East price movement has been prevalent in all major recent channels. It also shows how long the channel bound price movements remain intact

Crypto Contest March 8: Enigma

Enigma (Bittrex: ENGBTC) 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, Enigma began a wave one advance in December 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, Enigma should be heading next towards the January 2018 peak in the red wave three.

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

Funnymentals

Enigma is building a privacy layer for the decentralized web. You can read their latest Twitter AMA below

Two Minute Crypto – Wild Thoughts 3

Please click the link to listen to the 29th 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.

Transcript

Blockchain Will Not Only Shrink Government But Fundamentally Improve the Services It Delivers

Welcome to Two Minute Crypto, today I’d like to delve into one of the most positive consequences of blockchain and the coming age of crypto – the efficiencies it will bring to government services. We often hear that crypto will reduce the power of the state. I myself have spoken of this in a recent

Bitcoin Technical Analysis: Star of the Show is Volume

On February 17th, Bitcoin had a nice bounce late in the day (early Feb 18th for some). It was nothing to get overly excited about at the time. We’ve seen jumps in price here and there over this 14 month bear market. What has been exciting is the increase in volume since that spike. Daily volume has not dropped below $7 billion since February 17th. This is the first time we’ve seen over 2 weeks of daily volume CONSISTENTLY above $7 billion in almost a year.

Bitcoin is currently trading above the $3,800 support (Coinbase) at around $3,870. We’ve seen a

Coincidences: STEEM and TRYBE Flying High!

Indeed STEEM has done a very good Jump today but, did you notice the jump on TRYBE?

It reaches 32% as an Average price at the Blockfolio signal.

More
and more people are entering in the Cryptoworld and either STEEM
blockchain or new competitors as TRYBE or KARMA are also helping on this
process.

No doubt for me that, accumulating stake on TRYBE and “Sailing” the waves on STEEM/SBD are a win-win combination.

STEEM seems to have completed a 3rd wave upwards. If so, it should correct forming the 4th wave… a good level to re-enter again could be 0.423 USD which corresponds with

BITCOIN – 7 mar

On 4hr chart, resistance at 3870 zone holding well. On hourly, divergence on price and stoch. Likely to pullback at least for breather. More likely to retest low 3700 support zone and even lower.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :116
Total marketcap :133
Dominance :51.5
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

Crypto Contest March 7: Einsteinium

Einsteinium (Bittrex: EMC2USD) 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, Einsteinium began a wave one advance in January 2016. 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 February this year. If this wave count is correct, Einsteinium should be heading next towards the December 2017 peak in the red wave three.

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

Funnymentals

Einsteinium runs on the Proof-Of-Work scrypt algorithm. The next block reward halving will happen in 15 days.

(Sources: Einsteinium and Einsteinium

BITCOIN – 6 Mar

On 4hr chart, consolidation zone still valid.Looks like its the pullback cycle again next few candles testing support of 3700 zone. Let see if it can maintain the sideway consolidation within this horizontal channel. Still very likely to retest previous low of 3660 zone and make lower lows.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :116
Total marketcap :132
Dominance :51.6
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

A “Vibrant” crypto that may explode up in short!

Today I am going to change my usual update on the major Cryptos since
the situation on all of them are more or less steady state right now,
despite IMO I am confident in the sense we have touched already the
“Ground” of this Bear Market.

I would like to talk about a
veteran crypto among the first 100 of the Total Market Cap which is
presenting a very positive scenario and on which I have bought this
morning a bunch of them since I see a lot of potential for growing up.

The crypto is FACTOM (known formerly as FACTOIDS) and