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Crypto Contest January 16: NoLimitCoin

January 16, 2019 Published by

NoLimitCoin (Bittrex: NLC2BTC) 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, NoLimitCoin began a wave one advance on November 23, 2018. The red wave one finished on December 3, 2018, and the red wave two correction ended on December 7, 2018. The red wave three  (blue sub-waves i-ii-iii-iv-v) advance finished on December 27, 2018, and the red wave four (blue sub-waves a-b-c) correction ended on January 13 this year. If this wave count is correct, NoLimitCoin should be heading next towards the December 27, 2018 peak in the red wave five.

(Chart

Currency Analysis Report 1-16-19…Brexit Delayed Again

January 16, 2019 Published by

Two years ago, England voted to leave the EU.  Today, U.K. Prime Minister Theresa May asked Parliament to approve the withdrawal agreement with the European Union.  The withdrawal agreement was rejected by 432 votes to 202. The 230 vote defeat is thought to be the largest in U.K. political history.  U.K. government now has just three working days to map out a new plan of action.

The more Brexit lingers, the probability decreases England will leave the EU.  Many think leaving the EU will hurt England.  A Bank of England report in late 2018 said leaving the EU would result in

BITCOIN: Two possibilities, same result…

January 15, 2019 Published by

As explained yesterday… currently there are a lot of chances that the end of the correction has not been reached, and so, there may be a last move downwards in order to terminate the 5th wave down.

BITCOIN is now approaching the first target support on which I would expect some hesitance but, in order to complete the 5th wave down, I think there is a high likelihood of reaching a lower price than the one reached by the 3rd wave.

Using FIBONACCI Levels, right now BTC is touching the 61.8% of total retracement but, as you can see, does not seem

BTC medium-term – 15 Jan

January 15, 2019 Published by

A look at the medium-term future of BTC as I see it.

BTC is forming another converging triangle, making a breakout a strong possibility from next week.

The lower side of the triangle seems to have been defined. This is not a certainty at this stage – it’s not impossible that a near-future price drop redefines the triangle. I would say that there is about a 65% probability that the triangle is now in it’s final form and will not have to be redefined.

A trendline which started on 6 December continues to be my benchmark for current price movements.

The typical Breakout Zone

What’s Next For The US Dollar???

January 15, 2019 Published by

Almost a year ago, I made a bold statement that the US dollar would never see $100 every again.

Over half of all foreign currency reserves in the world are in US dollars. China, Russia and other countries have been making agreements to move away from the US dollar in international trade. At some point in the near future, China will become the world’s largest economy. In 2009, China became Africa’s biggest trading partner and China is seeking to expand the use of Chinese currency in Africa. The United Nations continues to talk about an alternative to the US dollar

STEEM – average volume up

January 15, 2019 Published by

Indeed it bounce and tested 730 zone and went to 750 then it came down again. Adjusted the down channel. Possible consolidation to form lower highs descending triangle with 700 as baseline. Good to see steem volume maintaining over 1million daily over the past week, let see if it can maintain and add more volume. More volume = attention
Maybe it’s fake volume, yet to see real ownership.
stockpile for short : high (more slow bleed)
Short term moving average (day candle) :
RSI :
SBD/STEEM :
Weekly Timeframe :
24hr change :
Marketcap :81
Volume :328
Current supply :
Total supply :
Debt Ratio :
Daily supply :
Total account :

BITCOIN – margin short on triangle bottom

January 15, 2019 Published by

On 4hr chart, possible down channel testing the channel top resistance. Can it break above ? Likely not. Margin short on possible ascending triangle bottom, might look to bounce and build up short volume, they been missing in actions for quite awhile.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :138
Total marketcap :123
Dominance :52.2
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

Intraday Analysis: SPX Pressing The Upside Range

January 15, 2019 Published by

Over the last several days the S&P 500 has been a bit range bound.  Looking at a shorter time frame, such as the hourly chart we can see this trading action and that the index at this moment is trying to breakout to the upside.
Market Action
The opening bell was 30 minutes ago and despite disappointing earnings from yet another bank, JP Morgan this time, the SPX is pressing higher.

As you can see in the hourly chart above, price action has been stuck in a range the past five trading sessions and the index is now pressing the upside of that

Crypto Contest January 15: VIBE

January 15, 2019 Published by

VIBE (Binance: VIBEBTC) 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, VIBE began a wave one advance on September 12, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 22, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on December 14, 2018. If this wave count is correct, VIBE should be heading next towards the September 22, 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
VIBEHub is a virtual and augmented reality metaworld that specializes in using volumetric video

No Kevin, Bitcoin will NOT bite the dust – Part 3

January 15, 2019 Published by

On Sunday I wrote about an article written by economist/financial expert Kevin Dowd. It discusses why Bitcoin will become worth nothing. I disagreed, but I did not say why he was wrong. Now I am doing just that.

After I finished formatting my counter-arguments, in true Bit Brain style, I realised that they were longer than expected. This is why this is the third post of the series, the one which debunks Kevin’s second argument.

You have to have read the first post for this one to make any sense. You may find it here: https://mentormarket.io/bitbrain/no-kevin-bitcoin-will-not-bite-the-dust/.

You should also read the second post

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