money – Page 74

Bitcoin Technical Analysis: PRICE RISES BUT VOLUME REMAINS WEAK

January 3, 2019 Published by workin2005

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,

The Rich Get Richer – This Infographic Says It All

January 2, 2019 Published by timm

For decades now there has been the outright cry of a shrinking middle class in the United States. That, coupled with a larger concentration of wealth among the one percent has been to the chagrin of the American public for some time.
However, most don’t know what the actual income and wage numbers look like. I recently stumbled across this info in an awesome article on Vox.
Where’d My Money Go?!?
In 1989 this was the income breakdown per every $100 USD among the different wage classes.
As you can see the top 20% got a large chunk of that income, but it was

Crypto Contest January 2: Arbidex

January 2, 2019 Published by timm

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 workin2005

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

New Year: Same Rules For Successful Investing

December 31, 2018 Published by timm

As we count down the last hours before putting a close to 2018 and turning a new year it is good to remember it’s not always about doing something new or different to start on the right foot anew, but to continue doing those things that work.
Tried and True Practices
Getting refocused is always a good thing and using the turn of the new year to do so is more than okay.
However, let’s focus on what we know works when it comes to investing.
Risk-Reward Ratios
The bottom line is if you are getting into investments or trades that have anything less than

Bitcoin Technical Analysis: CONSOLIDATING BEFORE NEXT MOVE

December 30, 2018 Published by workin2005

Bitcoin continues to consolidate just above of the $3,800 support on Coinbase. Volume remains low overall, which is a bit concerning. Price is being squeezed as the bulls and bears fight for control. I wouldn’t be surprised to see a larger move in the next 24-48 hours.

Looking at the daily chart, we see price is hovering right on top of the 21 Day EMA.

In today’s video analysis I discuss, various scenarios to prepare for, where price may be heading next and so much more. I hope you find it helpful.
Video Analysis:

If you don’t see the above video, navigate to TIMM

Bitcoin Technical Analysis: Watching and Waiting

December 29, 2018 Published by workin2005

Happy Holidays all! I apologize for the lack of updates. We’re currently in the process of moving across country. This has been extremely time consuming. Between that and the holidays, I’ve not had the chance to post TA as much as usual. I hope to be back to normal near the end of January. Now on with the analysis…
Bitcoin has decisively broken back above the $3,800 resistance. While this is a welcome rise for bulls, overall volume reminds relatively low. It’s currently consolidating, trading around $3,850 on Coinbase.

In today’s video analysis I discuss, where price my go from here, traps

Steem Price Goes as Bitcoin Price Goes

December 27, 2018 Published by timm

You can want steem to trade freely as much as you want, but unfortunately it is still a price slave to bitcoin.
Big Brother
The reality is 90% of steem’s price action correlates to what the price of bitcoin is doing. Granted, this holds true for a lot of coins. Especially coins that don’t readily have a USD or stable coin pair, such as steem.

This Looks Familiar
Looking at the daily price chart of steem the last few weeks looks eerily similar to bitcoin’s price action. Given that btc is the lead dog it makes sense. At this time steem is still just

Bitcoin Technical Analysis: QUICK UPDATE

December 25, 2018 Published by workin2005

Merry Christmas all! Due to price dropping, I wanted to post a quick update. Yesterday I said we needed to see the daily candle close above the $4,120 resistance and the golden pocket (area between the 0.618 and 0.65 fib levels). Unfortunately, this didn’t happen. The bears we’re able to push it as low as the $3,800-$3,600 support.

Looking at the daily chart, we can see price is back below the 21 Day EMA. If the daily candle closes below this level, it might signal lower prices to follow.

In today’s video analysis I discuss where prices may be heading next, key

Bitcoin Technical Analysis: ARE THE BULLS BACK?

December 24, 2018 Published by workin2005

Bitcoin just broke above a key resistance at $4,120. It now seems to be acting as support. There’s strong resistance (supply zone) between $4,315 and $4,400.

Looking at the daily chart, we can see price approaching the 50 Day MA. It’s also hitting the top daily Bollinger band. Between the top daily Bollinger band and the $4,400 resistance, bitcoin has some work to do. A break above the 50 Day MA (on the daily chart) would be an extremely bullish sign of strength if confirmed with volume.

In today’s video analysis I discuss where price may be heading next, traps to avoid

Tag: money