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Tag: steemleo

BITCOIN: Support at 9400 USD is holding…

July 27, 2019 Published by

…for the moment, because in only 4 minutes, a very strong sell action pushed BITCOIN from 10200 to 9400 USD…

Remember that the level to observe is 9100 USD which is the lowest point of the ABC correction, if we keep above it is a good signal, if BTC breaks that level, our “house of Cards” will collapse in my opinion.

My concern is founded on the Head and Shoulder pattern that is probably in formation now:

We are “leaves to the wind” for the eyes of some big whales…

Enjoy the trip.

@toofasteddie

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.

Crypto Contest July 27: Clams

July 27, 2019 Published by

Clams (Poloniex: CLAMUSD) 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, Clams began a wave one advance in November 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in May this year, and the red wave two (blue sub-waves a-b-c) correction ended on July 17. If this wave count is correct, Clams should be heading next towards the May peak in the red wave three.

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

Funnymentals

Clams claims to be the most widely held crypto-currency ever with initial unique address distribution of over 3.1 million.

(Sources: Clams)

How can I vote? Where is the contest?

You can vote by following this link.

Crypto Contest July 26: FOAM

July 26, 2019 Published by

FOAM (Poloniex: FOAMBTC) 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, FOAM began a wave one advance on June 26. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on July 7, and the red wave two (blue sub-waves a-b-c) correction ended on July 20. If this wave count is correct, FOAM should be heading next towards the July 7 peak in the red wave three.

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

Funnymentals

FOAM provides the tools to enable a crowdsourced map and decentralized location services. You can watch their intro video below.

(Sources: FOAM and YouTube)

How can I vote? Where is the contest?

You can vote by following this link.

STEEM: We probably have touched the bottom already…

July 25, 2019 Published by

… despite the amount of Liquid STEEM deposited at the exchanges keeps growing according to the last weekly post of @penguinpablo (you can read it here), STEEM is showing a strong resistance against sellers.

This is the weekly amount of STEEM withdrawn to the Exchanges:

This is the weekly averaged position of STEEM at The Total Market Cap:

…and this is the current 4h-Chart of STEEM:

The amount of STEEM deposited at the exchanges still is enormous but there is something that has changed since a few days ago.

Exactly 4 days ago the RSI showed us a well formed BULLISH DIVERGENCE when STEEM hit the Bottom of the year, forming as well a double bottom in the long correction.

Maybe Sellers have relaxed a little the tension but what is sure is that we have buyers here so there is a clear interest on STEEM.

And it is clearly sustaining the fall of STEEM at the Total Market Cap… of course, with the permission of BITCOIN. If BTC falls strongly STEEM will be affected as well

Hopefully we have reached an equilibrium at the market that will allow STEEM to recover not only the price but also the visibility.

Enjoy!

@toofasteddie

Litecoin: Why am I Long This Chart Right Now?

July 25, 2019 Published by

If you take a look at the daily chart of litecoin things do not look great from a technical standpoint.  I hold a long-term position and even added on the last bounce even though on the short term things don’t look bullish.

So I ask myself the question…

Why am I Long This Chart Right Now?

Head and shoulders patterns I feel have become less reliable than you would normally assume, but that doesn’t mean we can ignore them.

Look at the chart…..pretty clear head and shoulders top followed by a break down and then rally to the neckline around 100-105 which then failed and here we now have price floating in the middle of no man’s land.

We can easily go back down to text the recent low of 77 and possible lower if it were to fail.  On the other hand bulls can step in a buy out of nowhere (as happens in crypto from time to time) and push price to test that neckline again and possible make the pattern moot.

The point is…

There is no real clear edge….and if there is one then it is biased to the downside.

The funny part it – I don’t have this trendline drawn on the chart but you can see there is an uptrend starting in April going into July that has been broken and then tested on that last little bounce only to fail.

Can you see the uptrend line I am talking about….try to draw it on the chart if not. ?

Crypto Contest July 25: Maecenas

July 25, 2019 Published by

Maecenas (Bittrex: ARTBTC) 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, Maecenas began a wave one advance on May 12. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 18, and the red wave two (blue sub-waves a-b-c) correction ended on June 30. If this wave count is correct, Maecenas should be heading next towards the May 18 peak in the red wave three.

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

Funnymentals

Maecenas is a decentralised art gallery auction market, aimed to democratise access to fine art. You can watch their presentation below.

(Sources: Maecenas and YouTube)

How can I vote? Where is the contest?

You can vote by following this link.

How worth is your Staked PAL?

July 24, 2019 (updated July 24, 2019) Published by

In case you don’t know, you have an amazing tool called “STEEM SCOT Voting Power” created by @blockchainstudio on which you can perform staking, claiming, check Voting Power or change your weight multiplier there.

It also tells you how much in STEEM is your Staked Token worth.

For instance, I have 1210 PAL staked:

So, according to the tool and also to the current trading price of PAL vs STEEM, in my case it is worth 508 Steem, ie 128 $…

Not bad taking into account that my investment has been almost zero!

The same you can do with any Steem-engine token, just change my user name and the Token symbol in the link below:

https://economicstudio.github.io/vp/?a=toofasteddie&t=pal#

For LEO I have the following:

1318 LEO = 160 STEEM

Not bad at all, isn’t it?

Love #newsteem !

@toofasteddie

BITCOIN: Count still valid…

July 24, 2019 Published by

…since BITCOIN have not passed yet the lowest point of the correction marked as “C” in the chart.

BTC is reaching again a well-known support already around 9400 USD…

I am confidence on that this strong support would hold BITCOIN avoiding falling lower and hopefully make resume the uptrend of the market which everybody is expecting.

This is my main scenario, the alternative one is bearish and it is based on an “ugly” Head and Shoulders pattern that may be in formation. Something like the following:

The target drop in case this pattern would be triggered launches a price for BITCOIN below 5000 USD… but, as I said, this is not my main scenario for me as far as BITCOIN keeps moving above the 9000 USD.

Enjoy!

@toofasteddie

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.

Crypto Contest July 24: Fusion

July 24, 2019 Published by

Fusion (Bittrex: FSNBTC) 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, Fusion began a wave one advance on May 4. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 20, and the red wave two (blue sub-waves a-b-c) correction ended on July 16. If this wave count is correct, Fusion should be heading next towards the June 20 peak in the red wave three.

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

Funnymentals

Fusion is a public blockchain creating an inclusive cryptofinancial platform by providing cross-chain, cross-organization and cross-datasource smart contracts. You can watch their intro video below.

(Sources: Fusion and YouTube)

How can I vote? Where is the contest?

You can vote by following this link.

Should I STAKE or should I TRADE?

July 23, 2019 (updated July 23, 2019) Published by

Darling you got to let me know
Should I STAKE or should I TRADE?
If you say that token is mine
I’ll be here ’til the end of time
So you got to let me know
Should I STAKE or should I TRADE?

This is the question I have every time I open my wallet at STEEM-ENGINE .

Every week a new tribe and correspondent token is launched and despite I have staked the majority of my LEO , PAL and STEM coins , which are the coins on which I feel myself more identified, I do not know what to do with the others…

I have sold some and bought more PAL and LEO with them but, frankly besides an excellent income on those named, I am getting more and more from other tokens which I don’t know what to do with them, every day.

My WALLET has more than 36 Dollars of Non-staked tokens and is increasing day by day, which is fantastic but maybe I am losing ant opportunity with some of them for not having them staked…

Should I stake JAHM, INT or CCC?

Anyone knows if they have future?

I did create an alternative account on which I delegate the majority of the GOOD GAME TOKEN and so, I am not wasting my own SP on steem while upvoting users of that tribe… Should I do the same with INT, JAHM or CCC?

Or should I sell them and stake more STEEM/PAL/LEO?

Anyway, I prefer to have these kind of doubts than not having any…

#newsteem is just amazing!!!

@toofasteddie

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