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Crypto Contest January 12: Status

January 12, 2019 Published by

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

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Status is an open source messaging platform and mobile interface to interact with decentralized applications that run on

Macy’s Missing The Mark

January 12, 2019 Published by

The day after Christmas there was a report that talked about spending during the holidays, the time between Black Friday and Christmas:

A robust shopping season from before Thanksgiving through Christmas has given retailers much to cheer about this year. According to Mastercard SpendingPulseTM, which provides insights into overall retail spending trends across all payment types, including cash and check, holiday sales increased 5.1 percent to more than $850 billion this year – the strongest growth in the last six years.

Source

Apparently, Macy’s wasn’t part of that report. Macy’s said its sales slowed after a good start to the holidays, and flagged

BITCOIN: Stick to the plan

January 11, 2019 (updated January 12, 2019) Published by

Bearish Flag, as expected. Ready for the decisive movement? Elliot Waves and volume indicates a lower low…
Currently correcting and forming wave 4… it must be already completed…
I have bought some at (3) and I sold it at (d)… if the count is fine we are going close to the next FIBO level (3367 USD)…
Plan entries again around that point and crossing fingers for the count to be right and, if not… a proper stop loss just a little below…
Take care and enjoy!
@toofasteddie
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this
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BITCOIN – possible down channel

January 11, 2019 Published by

Looks like 3680 support zone is still holding, will there be a 3rd leg from the staircase pattern ? Possible down channel which 3rd leg might test channel bottom around 3400 support zone. Both stoch and RSI on 4hr chart over extended, probably need some very limited oscillation up before there’s room to move lower.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :138
Total marketcap :123
Dominance :52.3
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :
Read More

Does Bitcoin Hold Here?

January 11, 2019 Published by

After attempting to put in an intermediate bottom pattern and rallying (somewhat) off the lows, this is the time to be watching. DOES BITCOIN GET BOUGHT in the next few days? This is the first major SELL day after the rally and I am curious if buyers are going to step in…

Do we see the 3600 buyers step in and put some pressure on the sellers? My gut reaction is we do and see the rally to the 200 day MA…however that was quite the Sell day after the failed break up 3 days ago. 3600-4200 is the range but

Four Industries To Explore For Crypto Utility

January 11, 2019 Published by

Join the forum discussion on this postThe most puzzling thing about cryptocurrency as of early 2019 may just be that it’s still not widely used. The notion that it would rapidly replace standard currency was always a fantasy, but many expected that it would at least be somewhat widely used by now as an alternative. Instead, it can be somewhat difficult to find opportunities to spend cryptocurrency, if you would like to do so, unless you’re already familiar with the specific companies and markets that accept it.
Because there are still plenty of people who would like to put cryptocurrency

All Eyes This Weekend On…..Soybean Prices – Part 2

January 11, 2019 Published by

I last spoke about Soybeans one month ago,
All Eyes This Weekend On…..Soybean Prices
However, China has canceled all shipment of beans from the U.S. causing the prices in the soybean futures market to drop to the lowest price in a decade. China brought in 6.92 million tonnes of soybeans in October, with 94% of that volume coming from Brazil. The US soybean farmers will have their eyes and ears glued to the TV hoping some type of agreement is reached.
However, if a deal is made and if price breaches the 9210 level, there is nothing stopping price from getting

Where Are The QQQs Heading Next??? – Part 2

January 11, 2019 Published by

Invesco QQQ is an exchange-traded fund based on the Nasdaq-100 Index. QQQs is one of the most traded ETFs in the world and includes 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq Stock Market based on market capitalization.
Two months ago, I talked about the QQQ.  This was probably one of the first times in a post, I ever went down to very small time frame, the 15 min chart to be exact.  And all I was seeing was pending sell orders at many different levels.
Where Are The QQQs Heading Next???
I realize the Markets are

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