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Tag: money

Steem Price Now Testing the Support Level!

April 12, 2019 Published by

Here we are testing support, just a week ago we were contemplating if steem could push through 60 cents.  Oh what a week can bring.
Bouncing Back and Forth in a Range
Well, atleast that is what I hope the price is doing.  After failing to breach 60 cents on two occasions since we leveled up out of that bottom range; steem finds itself back down to that old resistance point around 40 cents.
Luckily that now represents a support level and hopefully it will remain that way.  Either way it is not fun to be testing support as only two things can

What Does Bitcoin Have To Do With The Guppy???

April 12, 2019 Published by

The Guppy Multiple Moving Average (GMMA), developed by Daryl Guppy, an Australian trader is a technical indicator that identifies changing trends.  The GMMA combines two groups, a short-term and long-term set of moving averages with different time periods.

Another great feature of the GMMA is its ability to detect the strength of the trend. If the separation of the moving averages are wide, you typical have a strong trend. 

If the separation of the moving averages, typically denotes a weak trend.  

Lastly, no trend is denoted by the moving averages being flat/horizontal.

Bitcoin’s “super guppy” indicator has turned green for the first time

Wanna See What A Measured Move Looks Like? $DIS to 180+

April 12, 2019 Published by

Disney is rocketing forward this morning on news about a new streaming service that will be offered. Disney was always in a great position owning ESPN if they would ever put their politics aside and move forward with advancing their company! Well it looks like we may have found this answer. I have had this measured move mapped out for multiple weeks now, if not months (disclaimer: I have not touched these lines). Take a look…

DIS has traveled out of the financial crisis and pullback in 2011 from 20…to 100-110ish. With this FOUR AND A HALF YEAR BASE of consolidation

Unusual Options Activity In Encana Corporation

April 12, 2019 Published by

On Wednesday, the Energy Information Administration reported U.S. crude oil stocks rose more than expected to the highest level in nearly 17 months.

On Thursday after OPEC said they may raise output in July if Venezuelan and Iranian supplies fall further and prices keep rallying.  That news was enough to send oil price down a little over 1%.

Despite the news, that didn’t stop the Smart Money from gobbling up over 55,000 May $8 calls yesterday in Encana Corporation.

Encana Corporation, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. The company

Crypto Contest April 12: OKCash

April 12, 2019 Published by

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

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

OKCash is a decentralized open-source digital cash system. The next block reward halving is scheduled in 22 days.

(Sources: OKCash and Block

Forex $1 MM Challenge – Trade #10 (4-11-19) Sold EUR/SGD

April 12, 2019 Published by

At an ECB Press Conference yesterday, President Mario Draghi was shy about possible further stimulus to prevent the region from slipping into recession.  He also talked about the additional risks to the EU if Trump moves forward with his tariffs on $11 billion worth of European Union goods.

Monetary Authority of Singapore measures the Singapore dollar against a basket of its counterparts, adjusting the pace of appreciation as necessary.  Its decisions to tighten policy last year were spurred by rising inflation, underpinned by an improving labour market and robust economic expansion.

The take away is the Singapore dollar will potentially strengthen, while

Litecoin Price Analysis – Let the Retest Commence!

April 12, 2019 Published by

Here it is folks, it was somewhat expected and is now in the midst of occurring.  I’m ore than okay with this as I like orderly price progression.
Litecoin Testing Prior Resistance as Support
Looking at the chart we saw litecoin smash through the $74-75 level and push almost to $100.  However, odds were we’d see a pullback and maybe even a retest of this level, especially considering how long it had been since we were at these levels.
So that is what’s now taking place.  Big red candle that closed today and so far the new daily candle is red too.
Price got

Forex Analysis Report 4/11/19 – Is There More Upside For USD/JPY???

April 11, 2019 Published by

I have been trading Forex for the last 4 years.  One of the easiest pairs to trade is the USD/JPY.  If you want to know where it’s headed next, just pay attention to the S&P 500.  The Japanese Yen is a safe haven currencies, so if the S&P 500 is going up, it means a risk on environment and so the USD/JPY should go up.  If the S&P 500 is going down, it means a risk off environment and so the USD/JPY should go down.

Still, Street consensus favors a continued rally in the currency pair. According to RBC Capital Markets,

EOS Just Set A Record

April 11, 2019 Published by

Most basketball fans love arguing about who ranks where among the game’s very best, but few actually commit to a list of the top players ever.  So several years ago, the 50 greatest players in history.

I believe in the Crypto space, there are like 1000 tokens/coins out there.  Many will fail and only the strong will survive.  So in my head I started putting together a top 50 tokens/coins and EOS made the list easily.

EOS is the sixth largest cryptocurrency on CoinMarketCap and according to AMBCrypto, EOS set a new record for the most cryptocurrency actions processed in one single

Crypto Contest April 11: Siacoin

April 11, 2019 Published by

Siacoin (Poloniex: SCUSD) 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, Siacoin began a wave one (blue sub-waves i-ii-iii-iv-v) advance in December 2015. The red wave one finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in February this year. If this wave count is correct, Siacoin should be heading next towards the January 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Siacoin provides an open-source low-cost solution for cloud storage. Crypto Big Boss reviewed the coin in January this year.

(Sources: Siacoin

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