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Crypto Contest January 23: Propy

January 23, 2019 Published by

Propy (Bittrex: PROUSD) 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, Propy began a wave one advance on December 17, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 26, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 14. If this wave count is correct, Propy should be heading next towards the December 26, 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Propy is a global real estate marketplace with decentralized title registry. Crypto Finder interviewed the CEO

Crypto Shopping Cart – 23 Jan

January 23, 2019 Published by

It has not been long since my last crypto shopping trip, but with such cheap prices persisting, I’m still taking any opportunity to add a little to my altcoin holdings.

I keep saying that people should be buying altcoins, and to show that I put my money where my mouth is, I’ll show you what I’ve just bought. You’ll also be able to see if I follow my own buying recommendations or not! Quite a few coins in this post were mentioned in the post Crypto market signals stability on 20 Jan.

From www.pexels.com

Funding the buys

This was a bitter-sweet round of buying if ever there was one! Still having

Is Steem Price About to Complete a Bottoming Pattern?

January 23, 2019 Published by

Well things may have just got interesting folks.  Last time I reviewed the price of steem it was flirting in the mid 30 cents area and all eyes were on the 40 cent level.
Cup and Handle Pattern in Play
In recent days steem has pushed through the 40 cent level into the mid 40’s.   Being able to close a green candle up here would be ideal as it establishes price above resistance.
Furthermore a cup has been formed and if we were to atleast bounce along the 40 cent area that would give us a handle.  It’s a somewhat shallow cup, but

Stanley Black & Decker, Another Housing Market Barometer

January 23, 2019 Published by

Stanley Black & Decker Inc. posted profit in the fourth quarter of $2.11 a share, beating analysts’ estimates a penny and  revenue in the quarter was $3.63 billion, topping forecasts of $3.62 billion, but the stock still fell double digits on Tuesday.  The stock still fell because of their dismal 2019 earnings forecast.

A week ago I talked about how Sherwin-Williams lost more than 6% after announcing earnings and how analysts will often look at the Sherwin-Williams as a barometer for health of the consumer and housing market.

Source

Stanley Black & Decker, Inc. the construction equipment maker that provides tools such as

BREAKING: Steem up 78% since @steemit full power down.

January 23, 2019 Published by

The market doesn’t lie folks. And it is speaking. Steem is trading up on a few catalyst but most of the talk is about the deposit/withdrawals and arbitrage opportunity on Bithumb. I am not completely a believer of this scenario. The power down of @steemit started at the EXACT same time and the market continued to RIP up on this news. 7 straight days up in the air topping out at recently $0.44.

Both of these are GREAT NEWS, and I believe the latter is even better. Stinc has continued to FAIL it’s users and it is time for the WITNESSES

BITCOIN: We need some more volume…

January 22, 2019 Published by

Finally, BITCOIN has completed the last 5th…and it has been done in a very accelerated way as I wrote yesterday. So high that it all has happened in a matter of 10 minutes. Let me show you the BTC/USD chart in the 5′ timeframe:

That is, a sudden and sharp sell reaching the Target Support (remember I wrote yesterday 3430 USD) follow by a continuous “Flow” of equivalent Buy orders (BOT?) triggering afterwards successive another more “human style” buy orders…

As a consequence, watching now the 1h-chart, the movement upwards has over-passed the previous level which indicates that BTC is probably out

Currency Analysis Report 1-22-19…Aussie Set To Go Lower

January 22, 2019 Published by

The last time I spoke about the Aussie was three weeks ago and at that time, there were no set-ups.

Currency Analysis Report 1-1-19…Aussie Sinks On China PMI Data

Source

But then the Apple forex flash crash happened.  Apple suffered its biggest single-day loss in 6 years and the stock closed the day at its lowest price level since July 2017 after cutting revenue guidance of $9 billion. 

The announcement occurred right at the beginning of the Forex trading day, the Japanese session, where there was no liquidity and where the algos put on sell programs.   As a result the price absorbed all

STEEM – 8.8 mil steem move

January 22, 2019 Published by

Still on massive volume which is good for steem. Mainly transactions from the korean exchanges thou. 8.8 mil steem move from bittrex to upbit. On 4hr chart, it completed the 3 leg staircase pattern followed by the mini double top. stoch highs declining. On daily chart, both RSI, stoch extended plus TD8 going to 9. Maybe one more push to test 1200 again or next resistance 1250 on TD9 before the reversal.
stockpile for short : high (more slow bleed)
Short term moving average (day candle) :
RSI :
SBD/STEEM :
Weekly Timeframe :
24hr change :
Marketcap :123
Volume :5466
Current supply :
Total supply :
Debt Ratio : below

Crypto Contest January 22: Loopring

January 22, 2019 Published by

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

(Chart courtesy of Tradingview.com (log scale))
You can see the wave count even better in the line chart.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Loopring is

BTC 22 Jan – Medium-term update

January 22, 2019 Published by

BTC broke out of my previous converging triangle. What does that mean?
In my post of 15 Jan, I published a converging triangle and spoke of an impeding breakout. This was the main image I used in that post and its follow-up post on 18 Jan:
After entering the “Breakout Zone” BTC broke out in a downwards direction. This presents a small problem because the breakout wasn’t definitive: yes it left the triangle, but not by much (as seen below).    
I now see two possible scenarios:
 
Scenario 1: Lower BTC prices
BTC may drop lower yet again – probably to one of

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