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Crypto Contest February 26: Quant

February 26, 2019 Published by

Quant (Bittrex: QNTBTC) has broken out of the triangle pattern in the four-hour chart.

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

Elliott Wave Analysis

In Elliott Wave terms, Quant began a wave one advance on January 30. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on February 14, and the red wave two (blue sub-waves a-b-c) correction ended on February 24. If this wave count is correct, Quant should be heading next towards the February 14 peak in the red wave three.

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

Funnymentals

Quant Network is connecting the world’s networks to blockchain with just three lines of code. You can watch

Wayfair…Way Up On Earning Announcement

February 26, 2019 Published by

Wayfair Inc. engages in the e-commerce business in the United States, Europe, and internationally. The company offers approximately 10 million products for the home sector under various brands. It offers a selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, such as Wayfair, Joss & Main, AllModern, DwellStudio, Perigold, and Birch Lane.

Warfair is also living in an Amazon world.  Quite frankly, I admire their grind because I thought by now they would be closing up shop like many retailers who have succumb to Amazon.  However, I have been proving wrong up to this

Litecoin Chart Looking Better Than Most

February 26, 2019 Published by

Have to give it to litecoin (LTC), its price performance is definitely showing strength relative to the market.
Importance of Relative Strength
I talked about this a bunch sometime back, it was a period of time when Ethereum was showing relative strength compared to bitcoin and crypto on a whole.
Sure enough, when the market had it’s next push higher ethereum was one of the best performers.
As I sit here present day I wonder if the same fate is in play for litecoin.  Granted, we need the market to gives us a move higher to find out, but litecoin is certainly setup to

Bitcoin Technical Analysis: Continuation of the Bear Market or Bear Trap?

February 25, 2019 Published by

Yesterday Bitcoin tried breaking above the $4,120 resistance on Coinbase. While price was able to briefly wick above, it was unable to decisively penetrate. The bears quickly pushed it back below $4,000. Even though we watched price drop nearly $400 in 4 hours, volume remains relatively strong in comparison to just 2 weeks ago. In…
Read on Trybe

Forex Price Action Baby, No Technicals or Fundamentals…Trade #7 – Bought USD/CAD (2/25/19)

February 25, 2019 Published by

10,000 Ft View – 4 Hr Chart

Zooming In

What I like about the 4 hr demand zone is it’s embedded within a daily demand in which buyers stepped in at the whole number of 1.3100 and prices rocketed to daily supply at 1.3360 before return to the origin of the strong move.

I really must give my trades more of an opportunity to work out, as I’m risking only 10 pips and could have easily been stopped out. However, on the flip side, it means that my Reward to Risk are extremely high…if I can withstand the many stop

Crypto Contest February 25: Enjin Coin

February 25, 2019 Published by

Enjin Coin (Binance: ENJBTC) 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, Enjin Coin began a wave one advance in November 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in August 2018. If this wave count is correct, Enjin Coin should be heading next towards the January 2018 peak in the red wave three.

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

Funnymentals

Enjin Coin is a deflationary token and resource that can be used by developers, entrepreneurs,

Stamps.com No Longer Sticking

February 25, 2019 Published by

Stamps.com Inc. provides Internet-based mailing and shipping solutions in the United States. The company offers mailing and shipping solutions to mail and ship various mail pieces and packages through the United States Postal Service (USPS) under the Stamps.com and Endicia brands.

I heard of stamps.com before, thought it was a cool concept, but never was intrigued enough to investigate….that’s until now.

Image Source

Shares of Stamps.com Inc. fall 56.4% to $86.31 on Friday after the online shipping and postage company said its key partnership with the U.S. Postal Service has ended.

But it was Stamps.com who caused the crash when it said it no

Stamps.com No Longer Sticking

February 25, 2019 Published by

Stamps.com Inc. provides Internet-based mailing and shipping solutions in the United States. The company offers mailing and shipping solutions to mail and ship various mail pieces and packages through the United States Postal Service (USPS) under the Stamps.com and Endicia brands.

I heard of stamps.com before, thought it was a cool concept, but never was intrigued enough to investigate….that’s until now.

Image Source

Shares of Stamps.com Inc. fall 56.4% to $86.31 on Friday after the online shipping and postage company said its key partnership with the U.S. Postal Service has ended.

But it was Stamps.com who caused the crash when it said it no

Kraft-Heinz Got Squashed Like A Tomato

February 25, 2019 Published by

I’m not a big fan of the consumer staples.  Due to higher inflation, higher interest rates, consumer staples get hit because they use and convert raw materials into a finished good that you and I use as consumer. As a result, their input costs go up, directly affecting their top line sales.  In addition, the consumer staples companies can’t pass on their higher cost to us in fear of losing more business.

Kraft Heinz Co shares fell to their record low after the food giant announced a multi-billion dollar write-down due to eroding value of its Kraft and Oscar Mayer products

Crypto Down – After My Last Post Are You Really Surprised?

February 24, 2019 Published by

Yesterday I talked about how the rally cries throughout the crypto space had one underlying issue – bitcoin had not broken out.  It was at resistance and if it didn’t push through then hopes of a continued move were nill.
A Quick Turnaround
Less than 24 hours later we got our answer with a big fat red candle as bitcoin got smacked down by resistance in that 4100-4200 area as seen in the chart.
Just about all the other coins followed and are even trading below their prior highs that they broke above, i.e, LTC and EOS to name a couple.
Next Steps
We definitely

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