Crypto Contest March 1: Ripio Credit Network

Ripio Credit Network (Binance: RCNBTC) 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, RCN began a wave one advance in August 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in October 2018, and the red wave two (blue sub-waves a-b-c) correction ended in January this year. If this wave count is correct, RCN should be heading next towards the October 2018 peak in the red wave three.

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

Funnymentals

Ripio Credit Network is a global credit network based on cosigned smart contracts. Proof Suite reviewed

BITCOIN – 1 Mar

On Daily chart, bull and bear fighting for middle ground around 3800 with long tail doji either side last 2 days. Possible bounce on 4hr chart to make it over stretch heavy double top on or near previous high resistance. Or possible slow bleed down till around triangle bottom like the previous daily huge red candle follow by a channel downtrend which lasted about 3 weeks (jan to early feb).
On weekly things looking better with possible upside ahead if bulls can continue to hold the price above 3600 and close of this week above this zone.
On Monthly, mentioned about the

Ripple’s mission is to provide bank solutions allowing for faster payment settlement and lower foreign exchange fees.  So they created the digital currency / ledger XRP.

Today, Coinbase added support for XRP to its retail platform and mobile apps and made the announcement on their blog. The exchange announced the development in a blog post on Feb. 28.

XRP is the cryptocurrency used by the XRP ledger, which supports international currency exchange and remittances. The ledger is powered by a network of peer-to-peer servers. All accounts on this network can send or receive XRP to/from each other, while XRP can be used

BITCOIN – 28 Feb

On 4hr chart,it did fall below the channel bottom support as mentioned, quickly got buy up to float above but seem to get heavy again with resistance around 3850 zone. More likely for leg 2 staircase pattern testing the big triangle bottom around 3400 zone.
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :116
Total marketcap :129
Dominance :52.1
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

BTC’s Monthly Chart Just Turned Green

BTC just closed with a green monthly candle – not a stunner by any stretch of the imagination but up nonetheless. This continues Bitcoins pattern of never printing red more than six months in a row.

Does this mean, the rocket is primed – perhaps not yet but a good sign all the same. I remain a dollar cost average buyer of BTC every week.

https://www.tradingview.com/x/k3nVVc6Y/

The weekly chart remains sobering. Accumulation is the name of the game for the coming months. A drop to $3100 would see me buy-in but below that, the floor is a long way down.

The ‘this isn’t

STEEM: Impressive 24h VOLUME

This level of 24h Volume is really impressive. We have passed from 2 Million $ 9.6 Million $ in a few hours!, currently reaching again the 41th position at the total Market Cap.

Someone is buying and in a consistent manner. It does not look as a couple of big orders being processed…

All Exchanges presenting a very consistent STEEM price, no appreciable pumps in anyone, being the Korean Exchanges a Upbit and Bithumb together with Binance the leaders managing the volume flow today.

Now, it would be a very good signal to break the 0.45 USD upper Resistance and not marking a

Crypto Contest February 28: Bytecoin

Bytecoin (Poloniex: BCNUSD) 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, Bytecoin began a wave one advance in November 2014. 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, Bytecoin should be heading next towards the January 2018 peak in the red wave three.

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

Funnymentals

Bytecoin is a private, decentralized cryptocurrency with an open source code that allows everyone to take part in

The “Golden Cross” Quest: LTC, BNB and EOS

Some days ago I talked about that LITECOIN and BINANCE COIN were presenting an accelerated approach to what is called “GOLDEN CROSS” milestone. You can read my assessment on those Cryptos here and here .

Now I would like you to attract your attention as well on EOS.

As it occurring with LTC and BNB, EOS is setting up a bullish approach to the Intersection between the 200 Day Moving Average and the 50 Day Moving Average.

EOS price has already crossed the 200 Day Moving Average 10 days ago, which is a very good signal, and I suspect we are going to

You see that Shakeout? #bitcoin

This is the type of action you want to see st or near bottoms and turns. Spikes down in price and then rip-your-face-off rallies back through the drop. Take a look…

I love seeing this. We are going to see many shakeouts along the way up here and this type of action is EXACTLY what you want to see at big turns. People buying every damn dip because they don’t know when or if it will dip again. We are still in the monster accumulation zone for the next bubble. Keep accumulating baby! Long.

Bitcoin Technical Analysis: VOLUME TAPERS OFF AS THE MARKET STALLS

Bitcoin continues to consolidate right around the $3,800 support. Volume is slowly dropping off.

Looking at the 4 hour chart, the Bollinger bands are severely bottlenecking. This suggests price is preparing to move.

In today’s video analysis I discuss where price may be heading next, key areas to watch 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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