Twitter just put in place an inside week to end the month. The charts are looking very constructive and if TWTR is able to clear $34 with authority we are running to $40+. The man behind $SQ is the man behind $TWTR. If I believe in him then I believe in Twitter.
Twitter is the best most informational (centralized) social media out there and quite frankly all the others are mostly worthless IMO. I am seeing a major rounding bottom and if $34 gives on volume….the rocket ship has left the building…
Bitcoin, backed by a spike in volume, pushed up and out of the wedge it was consolidating in. It’s now testing the top of key resistance.
EOS has been able to hold above $4.30 for the third day. Price spiked close to major resistance at $4.50 where it was rejected. A decisive break above $4.53 would take out the local high and be a huge win for the bulls. For now, it’s consolidating between $4.30 and $4.50.
Ethereum has been bouncing between $130 and $140 for some time now. If it can decisively break above $150, we might see more upside.
I’m a crypto investor. I’m not a trader, so I’m not looking for high volatility coins which I can jump into and back out of for short-term profits. I look for long-term projects which will increase in value at the lowest possible risk, those are what I try to invest in.
This is no easy task, but it’s one which I enjoy. Because I enjoy it and because it’s important to me, I put a lot of time and effort into tracking the crypto markets; not just price movements, but researching the fundamental aspects too. The term “a lot” is relative
Charles Hoskinson, a founder of IOHK, the firm that developed cryptocurrency Cardano (ADA), said that the cryptocurrency industry needs a “WiFi or Bluetooth moment” in an interview with media outlet Cheddar on March 28.
Speaking about the status of the cryptocurrency industry, Hoskinson said that it needs specific standards that will facilitate the development of more interoperability. Per Hoskinson, it will allow communication and information to be traded in an easier way among both digital currency and traditional financial institutions. Hoskinson argued:
“What we are seeing is a collection of standards being created [that] will inevitably converge over the next three to five years to create a situation where you can move information and value between all these different systems ー not just Bitcoin to Litecoin to Ethereum to Cardano ー but also your regular bank account.”
Decentralized financial contracts platform UMA has partnered with Decentralized Autonomous Organization (DAO) MakerDAO to release a token tied to the United Statesstock market, UMA announced in a blog post on March 27.
The ERC-20 token, dubbed USStocks, seeks to offer investors access to the U.S. stock market using cryptocurrency. Users can purchase the token using MakerDAO’s own USD-backed stablecoin, Dai (DAI).
Decentralized cryptocurrency exchange DDEX is currently the platform of choice for onboarding potential investors.
Recently, a report was produced by Bitwise Asset Management showing the existence of faked volumes in the bitcoin market – 95% of total volume according to its research. It’s hard to disagree with many of the facts in the report. Yet there are some items left out in this presentation to the SEC.
It’s hard to justify bitcoin is a mature asset and has a sophisticated market supporting it. And despite the fabricated volumes across crypto exchanges, this presentation makes a compelling argument there is maturity.
Russian billionaire Vladimir Potanin is planning to create cryptocurrency tokens backed by palladium, Bloomberg reported on March 27.
Potanin — who is CEO of the Russian nickel and palladium mining and smelting company MMC Norilsk Nickel PJSC (Nornickel) — plans to deploy cryptocurrency tokens for trading palladium through a Switzerland-based palladium fund, and wants to launch several digital platforms.
According to Bloomberg, the platform will enable more fluid transactions. Currently, should a buyer discover that they do not need all the contracted volume in a purchase, they must either renegotiate with the supplier or sit on the excess supply until they find a buyer. However, with a tokenized asset, they could ostensibly sell the excess volume to a third party more easily.
EDN releases technical paper, SDK & SDK document, and SDK sample codes to showcase their beta wallet.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
We are consolidating just in the middle of the 2 lines, waiting to see what the master BTC will do. We should go test one the 2 lines quiet soon. We have clear support and resistance on the chart and it would be nice if we can go test the resistance line around 0.49$.
Looking longer term within EOS and the chart of this asset, we have now made a MAJOR move and should be considered VERY BULLISH (long term) until proven otherwise. Sometimes these fail, many times trends begin…
EOS has now SMASHED through the 200 day MA to the upside over the last couple of days. Bulling up any major chart of assets you can see how LONG these trends last sometimes above the 200 day MA. We definitely want to see the 200 day MA start to curl up but this is a major start to what we want to see for
This sideways market is a great time for crypto shopping! You take advantage of the general dips to buy cheap BTC, and then every now and then you trade some of that for promising looking altcoins.
I’m finally starting to feel like my old self again, able to partake in a few of these buying opportunities myself. I did so little trading in Q2 to Q4 of 2018 that I’d almost forgotten how much I enjoy it! Well, I’m pleased to report that I’m getting back into the swing of it. Last night I was trading and logging trades until so late that
Hats off to the lucky ones, the crypto investors who bought <abbr title=”
Crypto <abbr title="
Mining is the process of repeatedly aggregating transactions, constructing a block and trying difference nonces until a nonce is found that satisfies the proof of work condition. If a miner gets lucky and produces a valid block, they are granted a certain number of coins as a reward as well as all of the transaction fees in the block, and all miners start trying to create a new block containing the hash of the newly generated block as their parent.
“>mining equipment manufacturer Bitmain has published an official blog post outlining the company’s decision to name a new CEO and what it plans to do with its initial public offering (IPO) application with the Hong Kong Stock Exchange (HKEX), which has recently expired. While Bitmain says the IPO listing process made the company “more transparent and standardized,” applying a second time could raise more questions about Bitmain’s future.
In November 2018, ETHNewscovered Bitmain’s chief executive restructuring when Nishant Sharma, the company’s international marketing manager, reported that co-founder and co-CEO Jihan Wu would reposition and continue on with the company as a director. More recently, in January, the South China Morning Postreported that two unnamed sources believed both Wu and cofounder and co-CEO Micree Zhan would be replaced with Haichao Wang, Bitmain’s director of product engineering.
Believe it or not, there are more ways to anticipate the future market value of bitcoin than through practicing technical analysis or by observing network activity developments.
While valuable in their own right, thanks to researchers Willy Woo and David Puell, several new experimental bitcoin valuation metrics were released in February that combine the two fields to create a more holistic view of bitcoin’s market.
Sample sizes are small in the cryptocurrency markets, with the oldest, bitcoin, having existed just 10 years, but two of the newly released metrics termed “Top Cap” and Delta Cap” have shown to be effective at identifying the tops and bottoms of bitcoin’s wild market cycles thus far.
Delta Cap Proposed by Puell, the metric that successfully caught both bear market bottoms in 2011 and 2015, and that is known as the Delta Cap, is calculated as follows:
Delta cap = Realized cap – Average cap
Average cap = “cumulative sum of daily market cap values / age of the market in days.” Realized cap = “UTXOs are aggregated and assigned a price based on the BTCUSD market price at the time when said UTXOs last moved”
Believe it or not, there are more ways to anticipate the future market value of bitcoin than through practicing technical analysis or by observing network activity developments.
While valuable in their own right,
thanks to researchers Willy Woo and David Puell, several new
experimental bitcoin valuation metrics were released in February that combine the two fields to create a more holistic view of bitcoin’s market.
Sample sizes are small in the
cryptocurrency markets, with the oldest, bitcoin, having existed just 10
years, but two of the newly released metrics termed “Top Cap” and Delta
Cap” have shown to be effective at identifying the tops and bottoms of
bitcoin’s wild market cycles thus far.
“Left to their own devices, computer scientists would recreate the Soviet Union.”
That line belongs to Preston McAfee, an economist whose job history includes senior positions at tech giants such as Microsoft, Google and Yahoo. As he explained to an audience at the SXSW conference in Austin, Texas, recently, it refers to software engineers’ tendency to favor centralization as the most efficient design principle for any computing system.
The point, he said, is that decentralized networks, such as those based on blockchain models, can often enable more positive overall social outcomes despite the relative inefficiency of their command-and-control architecture. It’s useful to contemplate this idea, and McAfee’s colorful metaphor, in relation to the current state of play on the Internet.
One of Arrington XRP Capital’s largest limited partners (LPs) has injected a fresh $30 million into the digital asset firm, according to its founder Michael Arrington.
“The reason is, like everyone, we didn’t do particularly great last year, but we did better than the market. And that was a win,” Arrington told CoinDesk. With the additional investment, Arrington says the fund has now surpassed its initial target of raising $100 million.
Cryptocurrency intelligence company Messari has claimed that Stellar (XLM) suffered an inflation bug in April 2017 that was exploited to create 2.25 billion XLM (worth about $10 million at the time), which were later burned. The news was revealed in a Messari report published on March 27.
Per the report, the illicitly created XLM — which was equivalent to nearly a quarter of the circulating supply — was moved o exchanges and likely sold during the first half of 2017. An equivalent quantity of XLM was purportedly burned to preserve the intended supply and avoid the dilution of the value of the tokens.
The research also notes that the involved addresses and related records are no longer accessible on Stellar Expert or other block explorers but can be found using the Horizon Application Programming Interface. Also, the company claims that seemingly no media reported on the bug, its exploitation and the consequent burn before Messari.
LYFE and Doogether present “How Healthtech Disrupt The World” in Jakarta, Indonesia from 6-10:30 PM.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
Yesterday, we were testing the support line at 0.43$. This one held us and we are having a nice bounce helped by the UP of the BTC. The next objective is now again to go test the resistance line at 0.49$
Bitcoin has broken back above $4,000, currently trading around $4,020 on Coinbase. It also appears to be approaching the upper resistance line of a larger wedge.
Shorts have been rapidly dropping while longs are slowly rising.
Looking at EOS, we can see it broke up and out of the wedge it had been consolidating in. It’s approaching the prior high around $4.53 and showing signs of a possible double top.
In today’s analysis I discuss where prices may be heading next, traps to avoid, key areas to watch and so much more. I hope you find it helpful.
EOS is running strong here. After the techincal break above the $4 level last night, as called for, we have a runner! Check out the movement on the 5 minute chart…
This is called Chasing Accumulation! My friends we are entering into a bullish move here and all pullbacks for the foreseeable future should be bought. I am hoping to see EOS stretch the gains and become a TRUE LEADER in the bull market to come. You know my targets from previous posts. Multi bagger from here. HODL.
I’m doing my “Index” posts a little differently this year. Instead of trying to index every single post – TA included, I’m only doing the “best of” type of posts. This may mean that these index posts are less frequent than normal (I used to do them monthly. Okay – monthlyish), I publish them to a strict when I feel like it schedule.
Since I have not published any Index posts this year, I have a little catching up to do. This post will be followed by another similar one in the not too distant future, probably first thing in April. I don’t want
