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LITECOIN: inverted HEAD and SHOULDERS

January 6, 2019 Published by

LITECOIN has just crossed the Neckline of the Inverted Head and Shoulder Pattern. If the Pattern Recognition Technique is confirmed we may see a 40% profit as target price (i.e: 51.3 USD).

As always, I am planning my “exit” points for target and Stop losses.

Let’s see if the increase in volume helps us to reach the goals here…

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 January 6: Status Report XXIV

January 6, 2019 Published by

In this report I will look how my analysis worked for the month of November 2018. There were 30 contests in November. I have already paid out all of them. The analysis was correct five times. The analysis was wrong 13 times. The cryptocurrency was in a range 12 times.
The correct ones were the following:

Crypto Contest November 3: Bitcoin Cash
Crypto Contest November 17: MobileGo
Crypto Contest November 19: Factom
Crypto Contest November 25: Theta Token
Crypto Contest November 30: Endor Protocol

In these contests the range option won:

Crypto Contest November 6: Status Report XXII
Crypto Contest November 8: Basic Attention Token
Crypto Contest November 9: IoTeX
Crypto

BITCOIN – can the ascending triangle bottom hold ?

January 6, 2019 Published by

Doesn’t feel good on the 4hr chart as it consolidate on the possible ascending triangle. If it break the triangle bottom, likely to test 3680 again or even making lower lows than that.
News: (Current) | (Upcoming)
https://cointelegraph.com/news/circle-executed-24-billion-in-otc-trades-in-2018
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :141
Total marketcap :131
Dominance : 51
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

Not So Fast Ari Wald & Byron Wien

January 6, 2019 Published by

The beginning of the a new year is a time for all (really anybody) Wall Street pundits to make their year end predictions. I have come across many articles over the last several days predicting where the S&P 500 will be and where oil will be and where gold will be and where interest rates will be by year end. Two predictions in particular that I came across were the following:

“We expect a bear market rally to develop over the coming weeks, and we expect a new bull market to develop over the coming months to quarters,” said Ari Wald,

$SPX Weekly Outlook: Neutral Bearish $IWM $QQQ

January 6, 2019 Published by

Well folks we continued the bounce into the first week of the new year. This is not surprising as you will see in the chart below we bounced right ON the 200 weekly Moving Average which is longggg term support. After being pressed down daily, and puking on Christmas Ever, SPX has bounced right back to resistance st 2535ish.
So i know what you want to know…Now What??

Well 2680 is going to be MONSTER tough to get through. Like I said last week, considering my 401k is long only, I bailed due to the risk that is down in the intermediate

Is Netflix On Your Conviction List???

January 5, 2019 Published by

Happy New Year to Netlflix.  Netflix has gained 16% during the first week
of trading for the year, 10% alone on Friday after Goldman Sachs added Netflix
to its conviction list.  Stocks that make
their conviction list are hand-picked stocks that are expected to outperform
and deliver meaningful upside.  So much
so, Goldman Sachs think Netlflix will be higher by 50% over the next 12 months.
  50% upside represents a stock price of
$400.

Goldman Sachs believes
Netflix’s investment in content, technology and distribution will continue to
drive subscriber growth above Wall Street expectations both in the U.S. and
internationally.

Netflix has been
investing in original movies and programming to grow its

BITCOIN: Symmetrical triangle

January 5, 2019 Published by

Again we are in front of a 50/50% pattern, the Symmetrical Triangular Pattern on which Highs are getting lower and Lows are getting Higher.

The options, as usual in this case, are sudden breakage of triangular pattern through one of the two trend-lines.

The most likely breakage used to occur in the same direction of the trend, since we are correcting from a previous higher point, I would expect a breakage downwards.

If this case is triggered, a fall to the 3300 USD may happen.

But, as I said, we have 50% chances as well on which the breakage may occur upwards. This option,

Upside Targets for SPX Running Out of Gas

January 5, 2019 Published by

After puking the day before the S&P 500 ripped higher on Friday on better than expected economic data.  The volatility has been wild for sure and the question is where can price go if we see some follow through on Monday
Upside SPX Target
What is great about taking out a major support level is it makes for a nice clean resistance target.  As you can see in the chart below the prior support area of 2580-2560 is our clear upside target now.
Price will either rally to this point (assuming we move higher), test and bounce off of it before going lower

Crypto Contest January 5: Loom Network

January 5, 2019 Published by

Loom Network (Binance: LOOMBTC) 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, Loom Network began a wave one advance on September 12, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 12, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on November 25, 2018. If this wave count is correct, Loom Network should be heading next towards the October 12, 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Loom Network is a platform as a service built on top

Do not look past Powell’s Policy Mistakes $TNX $TLT $GLD $SPX

January 4, 2019 Published by

Fed Chair Powell came out this morning and boosted the market on top of the HUGE Job Number of 300+k jobs. The market is rallying big time up 3+% currently.

Do not look past the TWO policy mistakes the Fed Chair madenin 2018. It is very clear that those impacts have caused Mr Market to react the way it did in Q4. The trimming of the balance sheet and raising rates in a slowing growth environment WAS NOT the right decision. Presently the market has gotten killed and Powell said some words to lift it off the mat. If you disagree

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