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Tag: cryptocurrency

Technical Analysis for Bitcoin: Quick Update

January 29, 2019 Published by

Bitcoin finally broke down below the $3,500 support it’s been hovering on for the last 2 weeks. It dropped to the known $3,400 support and is currently trading around $3,430.

Looking at the daily chart we can see bitcoin bounced right off the bottom Bollinger band.

In today’s video analysis I discuss, where price maybe heading next, traps to avoid 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

BITCOIN: Bullish Divergence at the 4h-chart

January 28, 2019 Published by

Another low today, as expected, within the two lines which define the Bull-flag.

BITCOIN touched the lower support of the Bull flag and have entered inside the “Oversold” area of the RSI at the 4h-chart.

The good new is that RSI indication of the last two lows shows a divergence. When prices make lower lows but the oscillator(MACD or RSI are good ones) make higher lows it means just one thing, Next move must be upwards or, better said, it is a Bullish Divergence.

RSI Oscillator

MACD Oscillator

If you enter now (3400 USD), always considering that the upper dashed line is the “resistance” ,

What is Bullish about Everyone WARNING about Guidance?

January 28, 2019 Published by

I am shocked how incredibly bullish the mainstream media and the talking heads are regarding the current situation within the market. After the Q4 that was sustained, yes we have rallied off the lows of Christmas Eve, it is hard to believe that we are going to rip straight back to 2900 where we were before (it is possible, not likely). I believe you are witnessing one of the biggest traps in the last decade brewing.
As you see above, even with the V Shape rally, SPX has been unable to even make it to the 200 day MA. This shows

Crypto Contest January 28: Dent

January 28, 2019 Published by

Dent (Binance: DENTETH) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Dent began a wave one advance on August 6, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 30, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 2 this year. If this wave count is correct, Dent should be heading next towards the October 30, 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Dent is tokenizing the mobile data industry and creating a world-wide marketplace to

BTC 29 Jan – still on track

January 28, 2019 Published by

This is a short update to explain the price movements of today in terms of yesterday’s prediction.

In the post “BTC update” yesterday I explained that BTC was both in a channel (forming a bull flag) and a converging triangle (signalling a breakout) as shown below:

From https://mentormarket.io/bitbrain/btc-update/

The triangle has now broken out – with some noteworthy results.

Made by Bit Brain with TradingView

The triangle broke downwards:This was obviously not the positive breakout from the channel as I had hoped it might be.The price dip to a new 2019 low of approx $3380 did not break through the bottom of the channel: The channel remains intact and that the bull flag scenario is still in play.While still remaining in the channel, the probability that

Steem Price: That Bearish U-Turn Came to Fruition

January 28, 2019 Published by

A few days back I mentioned how the price of steem formed a bearish u-turn pattern on the daily chart after testing that 40 cent area.
The volume was weak on it so I thought, maybe it won’t play out.
Unfortunately the Bear Roared

The gold circle from my original chart points out the bearish u-turn pattern marked by the reversal candle (first red candle of the past six red days) and the pattern has played out with the following sell off.
Possible downside targets are the 25 cent level that acted as a bottom on the past two little pull backs.
Conclusion
What this basically

BITCOIN: another possibility…

January 27, 2019 Published by

With such a tiny volume is being really difficult to find any indication that show us the next move of BITCOIN and so, the direction of the Market.

The positive view now is that BITCOIN is still within the correction of a first wave within an upwards cycle…hopefully.

BITCOIN may be forming just a long Bull-flag, ending the wave 2 as I show you below:

Breakage of this Bull-flag upwards could be on (d) or after rebounding on (e)…

The upper Dashed line is marking the limit… we have to pay attention to that line because it is very likely that BTC has already

BTC update

January 27, 2019 Published by

This post is based on my last BTC post of 24 Jan

In that post I discarded my previous converging triangle and proposed that BTC was forming a bull flag.

Looking at the recent developments of the last week, I have a modification to that theory:

BTC once again appears to be forming a converging triangle. It has not yet broken out of the channel I described in my previous post and is thus still forming the bull flag. Shown below is the chart I used in my previous post:

From https://mentormarket.io/bitbrain/btc-24-jan-a-change-of-direction/

BTC remains range bound, so the bull flag remains in play for now.

Did EOS just release the name of its’ Steemit 2.0? $EOS #eos #steem

January 27, 2019 Published by

Rumor circulating around that the new social network built on top of the EOS blockchain is going to be called…
MEOS
Does anyone have ay more information on this and what it is suppose to be like? We all knew Dan was working on another social site, but is this the one he was talking about? If you know of anything I am missing leave it in the comments!
Thanks

What actually matters in the Cryptocurrency Evolution

January 27, 2019 Published by

Cryptocurrency is the next internet. Most of us heavily involved, or trying to get heavily involved, in crypto application and dApps know this. We are the believers. The 2% in my opinion. After the most recent bubble, the public is just now starting to figure out that Crypto is the real deal (and believe me there are still many doubters) and the tipping point was made.
The Question is, how do you find the real winners that will change the world?
What you want to be looking for is projects being used in real life applications. What projects are actually being utilized

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