Crypto Contest February 22: Ubiq

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

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

Funnymentals

Ubiq is built upon an improved version of the Ethereum codebase, putting stability at its core. Crypto Academy reviewed

As Financials Go, Equity Markets Go

That’s at least what Jack Ablin, chief investor officer of Cresset Wealth Advisors with $3.5 billion in assets under management said.

“In general, the stock market likes it when financials do well. And right now, over the last six months, financials have underperformed. That would suggest that equities could struggle over the next six months,” he said. “The fact is that the financial markets and liquidity in general is really the lifeblood of the equity market.”

Source

I have to kindly disagree with Jack. The chart below show the SPDR Financial ETF, XLF vs the SPY. The chart shows XLF went sideways relative to

Bitcoin and EOS Analysis: QUICK UPDATE

Bitcoin has been unable to break above the $4,000 resistance (Coinbase). Volume ’s dropped off slightly, which was expected. Price is currently trading round $3,900. it looks like we may see one more attempt to breach $4,000. If that fails, I’m expecting a drop back at least $3,800. EOS has been impressive these past few…
Read on Trybe

Crypto Adoption Is Gaining Steam with Samsung Annoucement

The reason I decided to hold a good chunk of my crypto for the long-term was for the specific reason of adoption.
Just a fraction of society is involved in crypto.  The functionality of it, though better each day is still too difficult for the regular Joe.
Think about that.
Will things stay like this forever?  Most likely no.
The Perpetuation of Adoption
As the old saying goes. Rome was not built in a day.
This holds true for any new technology or game changer.
The internet took time to spread.  Took time to improve and become user friendly.
Think about it.  In 1990 if you were to

Do You Agree With Todd Gordon On The SPDR ETF, XLC???

The Communication Services Select Sector SPDR ETF, XLC seeks to provide precise exposure to companies from the media, retailing, and software & services industries in the U.S.  Launched in June of 2018, XLC was created in response to this year’s changes in the Global Industry Classification Standard, the sector benchmarking system used by many indexers to classify thousands of stocks worldwide.

The top holdings include:

Source

Todd Gordon, founder of TradingAnalysis.com, says resistance in the broader market could exacerbate weakness in the sector.

“We have a series of three tops right around $280 in the SPY, 2,800 in the S&P 500. I think that

Crypto Contest February 21: Qtum

Qtum (Bittrex: QTUMUSD) 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, Qtum began a wave one advance on December 7, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 24, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on February 6 this year. If this wave count is correct, Qtum should be heading next towards the December 24, 2018 peak in the red wave three.

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

Funnymentals

Qtum is a decentralized blockchain application platform capable of running smart contracts on

Confusion in the WHALE MARKETS! WLS vs. WHALECOIN

I love markets. It is one of my favorite things…and this is the type of things that make it fun! Recently, since @freedomexists brought his WHALECOIN back online we now have a market to compare WLS to. The whalecoins are markets withing WLS, however they should jive with one another. I am here to tell you that WLS is UNDERVALUED! Here is why…

I am constantly powering down my growing whalestake in order to put more WLS out on the open market for people to buy. With the inflation rate I think this is proper to do so others can stake

Speculators Not The Only One With The Gold Bug

Gold prices rose more than $20 and hit a 10-month highs yesterday.  Some are saying the catalyst was the World Trade Organization’s quarterly outlook indicator, a composite of seven drivers of trade, reported a reading of 96.3 (a reading below 100 signals below-trend growth in trade).

On the news price breached the daily supply at $1330.

Speculators aren’t the only ones making money/hoarding gold in fear of turbulent times ahead.  The central banks are also buying gold.

For some time, global central banks have also been hoarding gold. As a matter of fact, they are one of the world’s largest gold investors,

Evidence Smart Money Crypto Infrastructure Is Being Built

I have been talking for quite some that that the pipelines from Wall Street to the Crypto space is being built. I have been talking for quite some time that the Smart Money is gear up to put $2 trillion to work in the Crypto space. Here is yet another example of the Smart Money coming to a Crypto near you.

Stock exchange operator Nasdaq is adding indices for bitcoin and ethereum to its global data service later this month. The company announced Monday that it has partnered with New Zealand-based blockchain data and research firm Brave New Coin to offer information on

Crypto Contest February 20: Insolar

Insolar (Binance: INSUSD) 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, Insolar began a wave one leading diagonal advance on November 26, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 7 this year, and the red wave two (blue sub-waves a-b-c) correction ended on January 28. If this wave count is correct, Insolar should be heading next towards the January 7 peak in the red wave three.

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

Funnymentals

Insolar is building an open-source enterprise-grade blockchain platform to enable seamless interactions between