In Elliott Wave terms, YCC began a wave one advance on May 28. The red wave one finished on June 7, and the red wave two correction ended on June 16. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on June 26, and the red wave four (blue sub-waves a-b-c) correction ended on July 4. If this wave count is correct, YCC should be heading next towards the June 26 peak in the red wave five.
Just yesterday evening, while resting (and playing @drugwars ) at my hotel room, I was having an exceptional, as usual, Crypto phone chat with my bro @beiker …
We spent more than an hour talking about the life in general but also mainly on crypto and blockchain tecnology… I don’t know how it came but I named DOGECOIN as one of those cryptos that used to have always incomprehensible PUMPS not justified afterwards by any new apparently…
Well, exactly 50 minutes ago, BINANCE announced the LISTING of DOGECOIN in the Exchange:
Suspiciously around 20′ before the TWITTER announcement, we have a LOOOOOONG GREEN candle of 50% higher price…
This long first candle is right now moving all DOGE price at a higher estratospheric level because uninformed people are just buying following the stupid new…
What is going to happen next?
Obviously, the same who put the massive order at the begining of the PUMP will sell taking all the money of enthusiastic people…
I don’t have anything against DOGECOIN, for me it is not a SHITCOIN as others think it is, DOGECOIN shares the 99% of CODE with BITCOIN…
… but it is a pitty that still Centralized Exchanges keep using these kind of tricks to increase massively their benefits in a very shady way…
aaaaah how I would like to see a real DEX massively adopted by Crypto investors…
@toofasteddie
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Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
The price action on bitcoin has been interesting of late. Just when we got a nasty reversal candle on the weekly chart after the parabolic move higher price came down to the first support level and rallied hard.
Where do we go?
That is the 20,000 dollar question.
If you look at the weekly chart above you will see what I mentioned in the opening sentence of the post. Talk about mixed signals! I had 9800 as a target and the first support, the reversal pattern (on daily chart) coupled with some follow through is making that nasty candle from last week obsolete.
So the question is. Is this real or is it a bull trap. It has been quite some time since I was this conflicted about the price action.
As you can see the daily chart is looking positive at the moment. It surpassed the 11,600 level and has since tested it intraday and bounced off it higher.
In the end btc really needs to crack 12,300 to have not created a lower higher after making a lower low.
That level could act as resistance, especially after running up from 9800. At this point I’m just holding my long-term bag as I missed the trade entry at both 9800 and 10,800.
Trading Around a Position
This is why I personally like to hold a core position and then trade around it so that I don’t have to be stressed about getting in or out when the picture isn’t completely clear.
As someone who is starting up a new business, you ear must have been full of words from the horror stories of business failure after business failure. Listen to people who consistently denies, criticizes, or doubts and they will make you have the belief that not less than 89% of all new businesses are destined to record failure. However, the actual fact is a light on your path to achieving success in your new business: The U.S. Bureau of Labor made their findings and recorded that 75% of new businesses do not fail in the first year, 69% make it through the first two years, and 50% keep the survival going for good five years. Going by this record, it means you have a 50-50 chance of surviving to five years without recording failure in your new business. I know this doesn’t sound that great, but you can’t just sit down, fold your hands and let chance be a dictator of your own fate in that business. Which is the more reason I appreciate that this awesome article came up just at the right time for people looking to start up a new business. I will be giving some interesting points on what to do to survive the heat in this initial years of running a business, and they are as follows:
Create a Business Plan
I do say this that if you want to be successful as a businessman, then you really need what is called a business plan. Although it’s tempting to not want to care about having a business plan when you ain’t in search for an investor or loan. Even with that, I still want you to know that creating a business plan is a perfect way for you to make your vision more acute and effective. This tends to give you a proper and accurate insight into the problems your trying to solve, whose lives you are trying to improve and the best time for your product launch, sales and profitability. Just make sure your business plan is concise and detailed enough (in relation of target market, business model and others) to serve as a roadmap on your way to achieving success in that business.
Make sure to Reinvest in your business
I know how hard it is for someone who left a salaried job to practice entrepreneurship, to give up stability of the money received on payday as payment for work performed. But to come out realistic, you should try as much as possible to make sure the first money you make from that business is reinvested back into the company, your product and marketing, as this will help boost finances and increase revenue. In conclusion, you need to develop the attitude of pursuing a long term goal, because if you don’t then you might give up on the business in times of crises even before the business fail.
Facebook’s David Marcus is pushing back against concerns about the social media giant’s new cryptocurrency project, Libra. In a note published Wednesday on Facebook, Marcus addressed “a number of questions and a few misunderstandings” about the project.
In Wednesday’s post, Marcus sought to address a number of issues that have been raised by lawmakers and informed observers alike, including whether Libra is actually decentralized, why there isn’t a charter in place for the Libra Association and whether Libra can actually address financial inclusion.
Bitcoin has risen nearly $2,000 in the last 24 hours, establishing strong support at $9,600.
The outlook, however, would only turn bullish once the bearish lower-highs pattern is invalidated with a move above $12,448. A breakout, if confirmed, could be followed by a rise to or above the recent high of $13,880.
Bitcoin could fall back to $9,600 if prices fail to hold above $10,830 in the next 24 hours, validating the bearish crossover of the 5- and 10-day moving averages.
The operator of Binance’s upcoming U.S. crypto exchange, BAM Trading Services, has hired a former Ripple executive as its CEO.
BAM announced on Tuesday it had appointed Catherine Coley as CEO, who will be responsible for rolling out Binance U.S., as well as expanding the exchange’s marketplace in North America.
Prior to joining the firm, Coley was the head of XRP Institutional Liquidity at San Francisco-based distributed ledger tech startup Ripple, BAM said in the announcement.
Before entering the blockchain and crypto space, Coley worked for banking giant Morgan Stanley in Hong Kong and London in the institutional foreign exchange market, and handled international payments and global treasury management for startups while at Silicon Valley Bank.
Changpeng Zhao, founder and CEO of Binance, said in the announcement:
“I am confident that with Coley’s leadership and Binance’s leading technology platform, Binance.US will be able to provide valuable services to the U.S. community.”
NYU professor and noted anti-cryptocurrency economist Nouriel Roubini exploded online last night after a debate with Arthur Hayes, CEO of BitMEX, at the Asia Blockchain Summit in Taipei. The debate, called the “Tangle in Taipei,” was allegedly not streamed live at the behest of the organizers and and Roubini wasn’t having it.
Another @CryptoHayes scam: he didnt allow the blockchain conference to record our debate and beam it live. He controls the only recording of it and will only release heavily edited "highlights". I destroyed @CryptoHayes in the debate and he is hiding. RELEASE THE TAPE YOU COWARD!
Hayes, for his part, shot back at the economist, further enraging Roubini.
u didnt dust me. I busted u but you are a such a coward hiding the video tape of our debate mafioso style with hush money. Release the full video – not the manipulated highlights – and let the world judge. @CryptoHayeshttps://t.co/7vEwJlJSlC
The United States House of Representatives Committee on Financial Services requested Facebook and its partners to stop the development of the Libra stablecoin.
In a July 2 letter addressed to Facebook CEOs Mark Zuckerberg and David Marcus, and COO Sheryl Sandberg, the lawmakers request that Facebook and its partners immediately agree to a moratorium on the development of Libra and its dedicated Calibra wallet.
The committee claims that the project may lead ”to an entirely new global financial system that is based out of Switzerland and intended to rival U.S. monetary policy and the dollar.” The committee notes that it believes such an endeavor could have serious implications:
”This raises serious privacy, trading, national security, and monetary policy concerns for not only Facebook’s over 2 billion users, but also for investors, consumers, and the broader global economy.”
“Join us for the IOTA Barbecue Satellite TOA Event in Hafenküche July 4 at 6PM.”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
We can clearly see that the 0.34$ became an important point on the STEEM chart as support but also as resistance. As I was supposing yesterday, the support line has not really been broken and the market decided to save it some hours after the little break. You can see now that we are upper of that line so let’s see if a bigger candle will come in the coming hours to confirm that we saved that support line.
In Elliott Wave terms, SNX began a wave one advance on May 14. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 7, and the red wave two (blue sub-waves a-b-c) correction ended on July 1. If this wave count is correct, SNX should be heading next towards the June 7 peak in the red wave three.
Synthetix is a decentralised synthetic asset platform that provides on-chain exposure to real-world currencies, commodities, stocks, and indices. Blockchained Future explained the platform in more detail back in May this year.
I have received the LEO token airdrop, corresponding equally to amount of staked PAL tokens I have today so, 1176 PAL = 1176 LEO , that’s amazing because STEEMLEO is one of the first tribes/communities created on top of STEEM in order for “investors to talk about anything and everything related to investing.”… and I have to join YES or YES this community for sure so, I hope @timm members would do the same… as well as @cryptopassion , @ew-and-patterns , @bitbrain , @workin2005 …
So, from now on I will get paid in PAL tokens and LEO tokens besides STEEM.
If you want more information about go and read this post and join the community! It is time to make STEEM blockchain greater!!!
Also you have further and extensive information here.
Regarding BITCOIN…
As I said yesterday in my post, it is very likely that the correction is finished but still we have to confirm the breakage of the 11300 USD resistance which is acting as expected since it was also a historical resistance in the past.
The things will be clearer If BITCOIN then overpasses the 12300 USD level ( B symbol on the chart) however I am not totally confident, the volume is doing some hesitating changes and RSI is clearly not oversold so I am keeping my buying order at 9400 USD placed 4 days ago just in case.
Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
Over 30 advocacy groups have appeared as signatories on a request that Congress and regulators implement an official moratorium on Libra development, as per the letter published on July 2.
The letter was also addressed to Facebook, with Mark Zuckerberg himself cc’d, and asked that the social media giant wait until Congress and regulators have scrutinized a detailed presentation of the proposed stablecoin-esque virtual currency. The letter includes a number of questions that the signatories say need answers before Libra can proceed, including the following:
“The plan for Libra makes explicit and implicit promises to consumers – such as the claim that value will remain stable – but what is to stop the Libra Association from changing policy in order to, for example, degrade the value of Libra or to impose a microtax on every Libra transaction?”
Ethereum’s leaders are pursuing a “moonshot” in the Middle East.
The Ethereum Foundation’s head of special projects, Virgil Griffith, told CoinDesk the nonprofit is partnering with finance experts in the Gulf Coast to show that the world’s second largest blockchain is compatible with Islamic law. Islamic finance customs adhere to certain beliefs, including the prohibition of earning interest on loaned funds.
The move is seen as a first step toward potentially securing investment from the region’s plutocrats.
“My job is to keep rolling dice,” Griffith told CoinDesk about work to certify ethereum’s Sharia compliance. “Probably nothing will happen. But there’s a hypothetical case where say, the Saudi sovereign wealth fund invests, like, a trillion dollars [in ethereum projects], which would be a real boon. That would be really great.”
The operator of Binance’s upcoming U.S. crypto exchange, BAM Trading Services, has hired a former Ripple executive as its CEO.
BAM announced on Tuesday it had appointed Catherine Coley as CEO, who will be responsible for rolling out Binance U.S., as well as expanding the exchange’s marketplace in North America.
Prior to joining the firm, Coley was the head of XRP Institutional Liquidity at San Francisco-based distributed ledger tech startup Ripple, BAM said in the announcement.
Before entering the blockchain and crypto space, Coley worked for banking giant Morgan Stanley in Hong Kong and London in the institutional foreign exchange market, and handled international payments and global treasury management for startups while at Silicon Valley Bank.
Changpeng Zhao, founder and CEO of Binance, said in the announcement:
“I am confident that with Coley’s leadership and Binance’s leading technology platform, Binance.US will be able to provide valuable services to the U.S. community.”
The Winklevoss-owned cryptocurrency exchange Gemini will apply for a broker-dealer license from the Financial Industry Regulatory Authority (FINRA), CoinDesk has learned.
This is the first step toward becoming an approved Alternative Trading System, where customers can lawfully swap digital securities.
Gemini previously partnered with the tokenized securities platform Harbor, which allows institutional investors to buy securities with Gemini’s GUSD stablecoin and to also receive dollar-denominated dividends via GUSD. It stands to reason that Gemini would also want to facilitate the trading of such securities on its own platform.
Cuba is the latest country to consider using cryptocurrency to skirt U.S. sanctions, Reuters reported quoting a government source on July 3.
In a public address on local television, the country’s president, Migual Diaz-Canel, said the plan would raise capital for around one quarter of the population, helping to pay for reforms.
Cuba has felt a severe knock-on effect from the crisis in Venezuela, which was previously a major source of aid.
“We are studying the potential use of cryptocurrency… in our national and international commercial transactions, and we are working on that together with academics,” Reuters quoted economy minister Alejandro Gil Fernandez as saying.
Live Q&A with Thomas Marchi, Lead Developer of Sentivate. July 3rd at 22:00 GMT.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
The BTC is doing a bounce from 10k but you know what? STEEM doesn’t want do the same and is dropping… So yeah, technically, the support line at 0.34$ is broken. However we are staying just next to it and so it could be simply a little trap or not a real break of that line. Let’s see if we will be able to be higher than this line in the coming hours.
In Elliott Wave terms, XMax began a wave one advance on May 26. The red wave one finished on June 8, and the red wave two correction ended on June 17. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on June 28, and the red wave four correction ended on July 2. If this wave count is correct, XMax should be heading next towards the June 28 peak in the red wave five.
