cryptocurrency – Page 62

Crypto Contest January 27: Pal Network

January 27, 2019 Published by maarnio

Pal Network (Bittrex: PALBTC) 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, Pal Network began a wave one advance on November 25, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 28, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 25 this year. If this wave count is correct, Pal Network should be heading next towards the December 28, 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Pal Network is decentralizing insurance. BlockchainBrad interviewed the CEO back in November

$SPX Weekly Outlook: Neutral to Bearish $QQQ $IWM $DJI

January 26, 2019 Published by heyimsnuffles

The Government is now open – for 3 weeks at least. It took over 30 days for the shutdown to cease and the market rallied +10% during that time, a record. Oh the irony. US Markets have come a long way off the lows essentially in a straight line. The buy was on Christmas Eve, the buy is NOT now.

US Markets have put in a hanging man candle and essentially closed flat on the week. I am looking for a reversal candle in the near future. IF, and this is a big if, we do not get a reversal and we

Crypto Contest January 26: Memetic

January 26, 2019 Published by maarnio

Memetic (Bittrex: MEMEUSD) 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, Memetic began a wave one advance in December 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in December 2017, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, Memetic should be heading next towards the December 2017 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Memetic is a Proof of Stake cryptocurrency platform for the Kekdaq decentralized exchange and IPFS meme storage platform.

Bitcoin: What a Snooze Fest

January 26, 2019 Published by timm

Been awhile since I posted about Bitcoin and with reason. Price has been flatlined of late as we just muddle along in the middle of a range.
Range Bound and Hopefully Not Down
Until we see upside above about 4,200 there really isn’t much to talk about on the upside. Looking at the chart below you can see we kind of flattened out at the bottom part of the last little move higher and are just riding right on the edge of it.
Hopefully this price level maintains otherwise we are likely to test that low near 3,100.

Guess we have to just wait

A(nother) word on Bitcoin ETFs

January 25, 2019 Published by bitbrain

The market is definitely maturing its way out of FUD – an excellent sign for upcoming growth!

I don’t always get the short-term calls right, but man am I good at the long-term ones – the ones which are really important to investors!

The last two Bitcoin ETF applications were withdrawn this week (by CBOE and SolidX) due to the US government shutdown (allegedly). What happened to Bitcoin when they withdrew?

Nothing.

This is in stark contrast to the immature and frankly rather clueless 2018 market.

Do you remember the effect that any ETF news had on BTC in 2018? Any statement from the SEC,

BITCOIN: Price projection using Bars Pattern. Just for Fun… :-)

January 25, 2019 Published by timm

Using BITCOIN Weekly Chart, Log Scale.Applying tool “Bars Pattern” of the previous BEAR/BULL Market, period from November 25th 2013 till December 18th 2017

Assuming End of Previous BEAR Market by end of August 2015Fitting and adjusting “Peak to Peak” with the summit of the last Bull (December 18th 2017):

Conclusions:

Still a lower low would be expected. “Simulation” of the “Bars Pattern” indicates 2548 USD as the lowest point.A “Consolidation” period of 7 to 8 months would be expected.Start of A Bull Market September 2019322.000 USD by the end of 2021…in the meantime, lots of Dapps, crypto projects and adoption coming…

Will you have the patience to

The US Markets Path Going Forward $SPX $QQQ $IWM

January 25, 2019 Published by heyimsnuffles

The rally off the lows V shaped to new highs over the past 4 weeks. This was quite a V-shaped rally, which unsurprisingly, caught EVERYONE off guard. At the lows on Christmas Eve I said the rally is commencing and the immediate lows were in.
This was very important and still holds true. No one knows just how far the bounce goes, or rally for that matter but there are levels that should be noted. Regardless of how long it took, we are now here…

The market has 4 MAJOR levels of resistance that it will have to overtake before it

Crypto Contest January 25: TransferCoin

January 25, 2019 Published by maarnio

TransferCoin (Bittrex: TXBTC) 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, TransferCoin began a wave one advance in September 2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in October 2017, and the red wave two (blue sub-waves a-b-c) correction ended in November 2018. If this wave count is correct, TransferCoin should be heading next towards the October 2017 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
TransferCoin is a cryptocurrency with masternodes. You can view the masternode stats below.

(Sources: TransferCoin and MasterNodes)

If you think this analysis

BTC 24 Jan – a change of direction

January 24, 2019 Published by bitbrain

As I promised in my post of 22 Jan “Once I have better information I will publish an update in this regard (if necessary). “I have better information. You’re reading that update.

You can see my previous BTC post here: BTC 22 Jan – Medium-term updateIn it I proposed two possible scenarios: A drop to lower price levels or a modification to the tapering triangle we were in, resulting in a later price breakout.

In that post the price had just dropped through the bottom of the previous triangle, but not definitively so. For further details on those scenarios, see

Crypto Contest January 24: Decentraland

January 24, 2019 Published by maarnio

Decentraland (Bittrex: MANABTC) 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, Decentraland began a wave one advance on September 12, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 3, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 13 this year. If this wave count is correct, Decentraland should be heading next towards the December 3, 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Looking at the weekly chart, I believe Decentraland is currently in the red wave three (blue sub-wave

Tag: cryptocurrency