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
Volume continues to climb steadily (since May last year – as shown at the end of this post from yesterday). Capitulation happened four months ago. Yes folks, “capitulation” is what you call it when an asset like BTC sheds 85% of its value. To those who still expect “lower lows” – I just shake my head. An 85% drop wasn’t enough for you? How about some other cryptos then? My $195 NEO became $5.50 NEO. That’s a 97% drop – and STILL you want “lower lows” before investing?
Get REAL!
I’m buying in. I think this is a great opportunity and I’m making the most of
The US stock market has been resilient since the beginning of the year, specifically the Christmas Eve bottom. Every single damn dip has been bought on every single time frame and you can see the hourly extension from any view of the charts. Daily the dip buyers come in banking on accelerating earnings growth? China trade deals? Trump tweets? I am not completely sure, but there are #noselloffs allowed.
Until Now. We are at a crossroads where one of two options are going to occur. We are going to pullback here and head lower down into the 160s, or we
If you have followed me you know that I am big on the EOS train. The run up to $26 was real, and the crash and burn dip to $2 is also real. I am scooping up every chance I get at these levels. Let’s take a look at what we look like now….
BULLISH!
You can see the spike and puke on an intermediate timeframe and watch how the asset goes sideways from that point. Then you have the shakeout that all of crypto had that I called a week ago and now we have grinded higher. AS LONG AS WE
A new partnership between stablecoin TrueUSD (TUSD) and accounting firm Armanino purportedly allows traders to conduct instant audits of the token’s backing. The news was announced by TrueUSD in a blog post on Mar. 5.
The dashboard developed by Armanino purportedly enables traders to monitor TrueUSD token balances and collateralized funds. “Armanino connects directly to third-party escrow accounts holding the U.S. dollars that collateralize TrueUSD tokens, and runs their own ETH nodes to ensure accurate TUSD token supply,” the post details.
Cryptocurrency futures provider Crypto Facilities has seen “tremendous growth” since being acquired by U.S.-based crypto exchange Kraken last month, an executive said.
Sui Chung, the subsidiary’s head of indices and pricing products, told CoinDesk that trading volume has increased more than 500 percent since Kraken acquired the futures exchange at the beginning of February for $100 million.
You’re not sure where it will end up exactly or who will actually read it. But you type up a message, pay a couple of cents in bitcoin and click the “send” button. Your message zips through space – yes, space – then is broadcast out of a satellite, blanketing the world.
The result? A cosmic “message in a bottle” that’s become the latest novelty in the bitcoin technical community.
It’s all possible with the help of Blockstream satellite, an eccentric project released over a year ago with the goal of making bitcoin accessible for people without internet access. Sending messages has gotten easier since then, with the launch of spacebit.live, a simple website that allows users to pay a small fee (the default of which is 3 cents in testnet bitcoin) to send a message via those satellites across the world.
New York-based blockchain analytics firm Chainalysis has published an official statement clarifying that it does not collect or sell users’ personal data when it provides its services to cryptocurrency exchanges. The statement was published in a company blog post on March 5.
Chainalysis is one of the highest-profile firms in the blockchain intelligence industry, providing technology — such as its proprietary KYT (Know Your Transaction) tool — that enables firms, governments and law enforcement agencies to monitor blockchain transactions and track suspected illicit activities, such as money laundering or terrorist financing.
Switzerland’s SIX stock exchange has announced the launch of an ETH exchanged-traded product. March 5 comprised the first trading day for the ETP, which is backed by Swiss company Amun AG. The launch comes one month after SIX announced its intention to launch a blockchain-powered exchange during the second half of this year.
Switzerland’s primary stock exchange, the Zurich-based SIX, has launched trading for an ethereum exchange-traded product, the Amun Ethereum ETP (AETH). Flow Traders B.V., a liquidity provider specializing in ETPs, will provide market making services for AETH on SIX.
Network upgrade at block 830,000, which is estimated to occur on March 6 at 00:00 UTC.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
So after the UP of yesterday which helped us to come back upper than the support line at 0.39$, we continued today with the UP Break Out of the BTC. However, we start to have some difficulties to break the previous tops. We must really break the double TOP that we have around 0.43$ to start the real UP trend. Without that, we still have a risk to have a correction again.
In yesterdays video we discussed why I felt price would climb back up to around $3,800 in the short term. Today bitcoin did spike just above $3,800, and is currently trading around $3,835. This move came with a nice increase in volume.
In today’s video analysis I discuss where price may go from here, 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
Read carefully, If I’m right about this then it’s big news.
As an asset class, cryptocurrencies have yet to establish their independence. They have yet to prove themselves to the markets of the world. I think that the time for crypto to gain serious recognition and credibility in the eyes of the world may be upon us.
For the purpose of this article I’m going to use Bitcoin as a representative of cryptocurrencies as a whole.
History
In the past BTC has tracked the movements of the major stock market indicators. After studying this phenomenon for some time, I found that it seems to
Litecoin is rocketing higher after holding above the 200 day MA here this morning. I mentioned yesterday that LTC may be A LEADER. Not THE LEADER, but A LEADER.
This morning it is CLEARLY the leader across the crypto board regarding % increase in the rankings. The chart looked the best as LTC was holding much higher gains compared to the others and it is showing this relative strength right now.
Don’t sit around and wait…the train is leaving the station baby!
On Wednesday, February 27, members of the Nevada Senate’s Committee on Judiciary heard two <abbr title="
A record or ledger of all transactions that virtually eliminates third-party tampering. While every exchange of value or data is recorded and visible to users, the identities of those exchanging, and what the money is being exchanged for, is kept private. However, the amount of money is public. New blocks can only be added in chronological order (through mining or other means of block validation), and the inherent value and information cannot be compromised.
“>blockchain-focused bills introduced by Senator Ben Kieckhefer (R): SB162 and SB163. Although Nevada does not prohibit blockchain technology or otherwise restrict its usage, the two bills provide clarifying language to, as the bill proponents explain, signal that Nevada understands and embraces blockchain and is open to economic development opportunities related to the technology. In a way, the bills could be considered enabling legislation.
Bitcoin miners in China are buying used equipment and making deals with mining farms and hydroelectric plants, betting abundant water this summer will make their businesses profitable again.
That’s because during this season a significant amount of excess electricity is expected to be generated by hundreds of hydropower stations, especially in China’s mountainous southwestern provinces of Sichuan and Yunnan. This level of excess power results in competitive electricity costs for bitcoin miners, making it perhaps one of the rare opportunities to earn profits in the current bear market that has already impacted the mining sector.
Hashage, a company based in the city of Chengdu in Sichuan that operates six mining farms with a supply of about 200,000 slots for machines, for example, said the electricity cost in Sichuan during the summer – which may vary from hydropower plants – is usually around 0.25 yuan, or $0.037, per kilowatt hour (kWh) for hosting equipment for miners.
London-based blockchain analytics firm Elliptic — which provides technology to major United States crypto exchange Coinbase — has refuted allegations that it collects and sells clients’ user data to third parties for financial gain.
In an official statement published on March 4, Elliptic’s CEO and co-founder James Smith stated that the firm has never “enabled the violation of individuals’ financial privacy,” and that such accusations represent a fundamental misunderstanding of Elliptic’s industry role.
Elliptic is one of key players in the blockchain intelligence sector, providing analytics tools that allow companies, governments and law enforcement agencies to monitor blockchain transactions and track suspected illicit activities, such as money laundering.
A supreme court advocate has explained the limitations of the Indian government’s power to regulate cryptocurrency, determining that the court should not get involved. Meanwhile, the crypto community awaits the government’s regulatory framework and the supreme court hearing of the petitions against the banking ban by the central bank.
“Cryptocurrencies by their very nature cannot be regulated … The supreme court should resist the urge to get involved”.
The moving average convergence divergence (MACD) has become the latest charting indicator to signal bitcoin may soon see a trend reversal that could put an end to its months-long price decline.
As reported, the money flow index (MFI), an indicator used to identify buy and sell pressure, created a divergence Sunday widely considered to be an early sign of a bearish-to-bullish trend change, while last week, bitcoin saw a bearish crossover of its 50- and 100-week moving averages, a first since 2015.
As such, the MACD became the latest in a series of indicators, that when applied to bitcoin point to seller exhaustion and a potential trend reversal as of Monday.
? Daily Crypto Calendar, March, 5th?
EthCC
EthCC 2019 (Ethereum Community Conference) is the second edition of a series of conferences and workshops dedicated to ETH.
Network upgrade at block 830,000, which is estimated to occur on March 6 at 00:00 UTC.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
The crypto are becoming more more unpredictable. Tbh, it is a good sign because it shows that the market has difficulties to go lower but also higher. We are in an indecision phase which occurs often before the start of the UP trend. Anyway, it is still early to talk about that now but we can see that the STEEM dropped due to the BTC drop. However, the market on the STEEM decided to make an immediate bounce from the MMA50 (mobile average line in purple). The important now is to stay upper than the support line at 0.39$.
Bitcoin is down nearly nearly 2% today as price dropped below the $3,800 support. It’s currently trading around $3,700 on Coinbase. This move was not unexpected as we’ve been watching price consolidate for nearly a week.
Looking at the daily chart, we can see it’s broken below the 21 day EMA. The next major support sits just above $3,600 on the 50 day MA.
Zooming all the way out on the weekly chart, we can see just how bearish the market still looks. I pointed out last week the tightening of price within what looks like a larger bearish pennant.
