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Tag: cryptocurrency

Do not look past Powell’s Policy Mistakes $TNX $TLT $GLD $SPX

January 4, 2019 Published by

Fed Chair Powell came out this morning and boosted the market on top of the HUGE Job Number of 300+k jobs. The market is rallying big time up 3+% currently.

Do not look past the TWO policy mistakes the Fed Chair madenin 2018. It is very clear that those impacts have caused Mr Market to react the way it did in Q4. The trimming of the balance sheet and raising rates in a slowing growth environment WAS NOT the right decision. Presently the market has gotten killed and Powell said some words to lift it off the mat. If you disagree

Crypto Contest January 4: Byteball Bytes

January 4, 2019 Published by

Byteball Bytes (Bittrex: GBYTEBTC) has broken out of the wedge pattern in the weekly chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Bytes began a wave one advance on November 23, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 11, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 1 this year. If this wave count is correct, Bytes should be heading next towards the December 11, 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Zooming out in the daily chart, I believe Bytes is currently in the

BITCOIN: still one more move upwards before going lower…

January 3, 2019 Published by

Why? well, basically because I think we are really attending a long 5-3-5 correction, on which the first 5 waves have been identified (Left blue ellipse) and the 3 middle waves are almost completed (Middle Green Ellipse).

To view it clearer we can have a look at the hourly chart:

Still one last sub-wave upwards is missing in order to complete the final “B” leg of the 5-3-5 (A-B-C) correction.

My expectations is that “B” will reach a slightly higher value than the level of the “A” magenta wave, so around 4000 USD… and still can happen because RSI indicator shows that BITCOIN

Why I Say “TURN OFF THE TV”! $AAPL $SPX $QQQ

January 3, 2019 Published by

The TV and talking heads on CNBC, from an intermediate to longer term perspective, may be some of the worst real time advice that is available to the mainstream today. You have to understand that they are making money off your clicks, and off your views and even the “Best” are mostly only good at “buying and holding” Let’s take a look at $AAPL over the past few months.

I have marked an area of $AAPL that, infamous Buy and Hold investor, Warren Buffett claimed to the world that the iPhone was greatly undervalued. Berkshire Hathaway is now currently 25% long

Crypto Contest January 3: EOS

January 3, 2019 Published by

EOS (Bitfinex: EOSBTC) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))
Here is a closer look at the breakout.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, EOS began a wave one advance in October 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in April 2018, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, EOS should be heading next towards the April 2018 peak in the red wave three.
 

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
The target of the EOS project

Have Investors Been Bird Boxed? Open Your Eyes! $SPX $IWM $GDX $TLT $GLD

January 3, 2019 Published by

The lack of emotion and worry in the market today is insane. There are so many investors and talking heads that are so sure the market bottom has been made and 2019 is going to be like 2017. Many believe that the bulk of the volatility is behind us…This is EXACTLY what markets do. They find a way to get the herd complacent and then BOOM! The market resets before anyone has a chance to get out.
Did you know the volatility in 2018 was not even in the top 20% of the most volatile years in the past 70+ years?

Bitcoin Technical Analysis: PRICE RISES BUT VOLUME REMAINS WEAK

January 3, 2019 Published by

Bitcoin has broken out of the wedge it’s been consolidating in over the past couple weeks. It’s risen from $3,690 to about $3,900 at the time of writing this post.

We aren’t yet seeing the kind of volume we need to sustain a bull run. Currently overall volume is just above $5.2 Billion. I’d like to see it at least above $8 Billion on a consistent basis.

Shorts have dropped, while longs are stacking fairy significantly. If longs continue to rise and volume remains weak, market makers may drive price down to liquidate these new long positions.

In today’s video analysis I discuss,

BITCOIN: “Proof of Keys” event…

January 2, 2019 Published by

As anticipated yesterday, the Upper Breakage of the “Bull Flag” was something predictable and it was exactly what happened after publishing my post yesterday.

Since then, BITCOIN seems to maintain a non-artificial increase of price, which is perfect to fit in the planned path, which for me is the conclusion of the “B” leg of the 5-3-5 Zig-Zag Correction as I anticipated since more than a week ago…

The end of the “B” coincides in time with the so-called “Proof of Keys” event.

“January 3rd of 2019 marks the tenth anniversary of the first-ever block of Bitcoin mined – the so-called genesis

Crypto Contest January 2: Arbidex

January 2, 2019 Published by

Arbidex (Coinmarketcap: ABXUSD) has broken out of the triangle pattern in the line chart.
(Chart courtesy of Coinmarketcap.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Arbidex began a wave one advance on August 31, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on November 1, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on December 16, 2018. If this wave count is correct, Arbidex should be heading next towards the November 1, 2018 peak in the red wave three.

(Chart courtesy of Coinmarketcap.com (log scale))
Funnymentals
Arbidex compares the rates of сryptocurrency assets at multiple major exchanges and provides users

Is Bitcoin Setting Up For an Explosive Move to Bring in the New Year?

January 1, 2019 Published by

Bitcoin continues to get squeezed, creating higher lows and lower highs. Overall volume remains weak. As price approaches the apex of the larger wedge it’s operating in, we should prepare for a larger move.

Looking at the 4 hour RSI, we can see it’s also getting squeezed. This also suggests a larger move to come in the next 24-48 hours.

In today’s video analysis I discuss, traps to avoid, possible trade scenarios, short term price movement 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

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