Like most crypto holders, my portfolio is performing rather well at the moment.
However, some of my coins are clearly outperforming the others. As a rather diverse portfolio holder, I thought I would share with you some of my coins which I have seen doing well lately, and those which may continue to do well in the near to medium-term future. I’m not saying “buy these coins”, I’m saying – consider these coins if you are looking for something to buy, because they seem to be doing well at the moment.
Of course just because a coin is doing well at the
Bitcoin is showing signs of exhaustion. Yesterday I said it looked like price may test the $8,400 support. Bitcoin did break down to $8,425, where buyers stepped in to push it back above $8,600.
I apologize for the lack of text…I’m Running out the door. Here are my quick thoughts on where price my be heading next. I hope you find 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
The number of wallets holding between 1,000 and 10,000 bitcoin (BTC) has seen a sharp increase since the crypto market bottomed this winter, indicating significant accumulation during the price dip. The analysis was published in a new report from weekly crypto outlet Diar on May 28.
Diar’s analysis begins by comparing bitcoin’s distribution landscape today with data from August 2018, when the top coin was last trading in a circa $8,000 price range. The analysis focuses on so-called “Firm Size” bitcoin wallet addresses — defined as those holding between 1,000 and 10,000 BTC — and notes that such addresses now own over 26% of circulating supply, or $36 billion worth of BTC.
JPMorgan Chase’s blockchain team has developed a privacy feature for ethereum-based blockchains, obscuring not only how much money is being sent but who is sending it.
Revealed exclusively to CoinDesk, JPMorgan has built an extension to the Zether protocol, a fully decentralized, cryptographic protocol for confidential payments, compatible with ethereum and other smart contract platforms and designed to add a further layer of anonymity to transactions. The New York-based financial institution will open-source the extension Tuesday, and is likely to use it with Quorum, the bank’s homegrown, private version of ethereum.
Zether, which was built by a group of academics and financial technology researchers including Dan Boneh from Stanford University, uses zero-knowledge proofs (ZKPs), a branch of mathematics which allows one party to prove knowledge of some secret value or information without conveying any detail about that secret.
Facebook’s payment-focused cryptocurrency Globalcoin will face demographic challenges, according to recent research by cryptocurrency analysis firm Diar published on May 28.
Facebook’s native cryptocurrency — which will purportedly seek to disrupt or bypass banking networks in order to remove financial barriers and lessen consumer costs — will reportedly launch in 2020.
In its recent report, Diar suggests that the coin will face demographic challenges as the social media giant’s user base is aging.
“What the heck! It’s a food fight on here. [Bitcoin developer] Matt Corallo is mad at Blockstream. Ragnar and Giacomo Zucco clubbing people left and right. Wat is going on!?”
This text from a bitcoin enthusiast friend aptly described the confusion on social media platform Twitter in recent days, when leading members of the bitcoin developer and startup ecosystem have been fighting over bitcoin’s “culture” and whether it needs to be changed or improved.
The root of the debate: Does bitcoin have a culture problem? Is there too much “toxicity”? And yet, as Twitter is a free-for-all, there were all sorts of sub-parts to the debate, centering on other questions: Is bitcoin inclusive enough? Why is Twitter so harsh? And what, exactly is bitcoin culture?
**“Bitcoin industry culture is therefore *necessarily* one of extreme skepticism, cynicism, rigorous review, and forthright language,” Woodfine tweeted, adding:**
“If you’re unhappy with bitcoin culture, sorry, you’re the problem. Bitcoin is better off without you—you’re not cut out for the challenges ahead. You’re not good under pressure, you’re too sensitive, and you lack conviction.”
As the G20 summit approaches, member countries have been discussing how to implement the standards set by intergovernmental organizations such as the Financial Action Task Force. While there may be some challenges in complying with the standards, the European Central Bank says the risks crypto assets pose to the euro area’s financial stability are manageable.
The FATF held its annual Private Sector Consultative Forum in Austria earlier this month with its members and over 300 representatives from the private sector participating. Members of the FATF are 36 countries and two international organizations including the European Commission. The FATF explained:
“The discussions focused on the mapping of virtual asset services and business models … and on the implementation of specific FATF recommendations.”
Since the break of the resistance line at 0.39$, the resistance around 0.43$ is blocking us. We can see clearly that it is the blocking zone at this moment but any UP move on the BTC should help us to break also that one. So let’s be patient because as I was saying to one of my readers, we are not anymore in the top 30 so sometimes, we have to wait that the moves on the BTC impact the TOP30 to have our turn with little delay.
Bitcoin has stalled, currently trading around $8,670. Looking at the weekly chart, it looks like price may test $8,400. If it does, bulls need to see this prior area of resistance start acting as support. Volume remains relatively strong at $25 billion.
We’re continuing to see bearish divergence on both the daily RSI and MACD.
Regardless of short term price action, long term looks very bullish. The 21 week EMA has now crossed above the 55 week EMA.
In today’s video I analyze Bitcoin, EOS, LTC, BNB, BAT, ETH and XRP. We’ll discuss where prices may be heading next, traps to avoid, key
Bitcoin has printed 52 week highs. Huge steps for a bull case and bullish momentum. Crypto is here for the long run anyone telling you otherwise is trying to scare you out. This is not going to be a quick 90 day move. This is going to be a long grueling multi year bull that is going to change peoples lives. The adoption phase is getting closer and that is where the REAL bubble will be.
Stick with the best of the bunches. The relative strength has been apparent from the start with LTC and EOS. EOS is ripping to highs that have not been since since July of 2018. Almost 52 week highs here. Long the best in breed and EOS is one of them.
Roughly two weeks ago we looked at the total market cap of crypotcurrency. At that time the overall worth of cyrpto was at a critical point to see if we were indeed going to get any kind of extended move higher in the crypto space.
Confirmed and Launched
Looking at the chart of total market cap, you can see the original support line (180 area) from the prior post. Now I have added the new level (roughly 223)
The lower line was the initial breakout from the lows and a line in the sand for things to be not be considered bearish anymore.
A couple days ago I wrote about Litecoin and how the price action caught my attention. We were looking at do scenarios with a bias to the upside one. That scenario has played out and is in the midst of a move higher to the potential price target.
Upside Resolution
Looking at the chart you can see price has breached the 108 area resistance and is now halfway to the 125 upside target. If price continues to move up aggressively in the near-term this is where I would expect the buyers to run out of gas.
In the meantime, seeing price close this
Bitcoin finally broke up and out of the wedge it’s been consolidating in over the past 2 weeks.
Zooming out on the monthly chart, we can see the last swing high (approximately $8,480) was created back in July of 2018. Price has now officially taken out the prior swing high (on the monthly) of the bear market. In my opinion, this confirms the bottom is in.
Looking at the weekly chart, we can see the 21 week EMA is about to cross above the 55 week EMA…a very bullish indication. That said, we can also see just how extended price is, well
