Forex Analysis Report – 5/26/19…I Missed My NZD/USD Short Opportunity

The New Zealand Dollar remains under pressure early Thursday as lingering U.S.-China trade tensions continue to weigh on sentiment. Sellers are also responding to heightened concerns about global growth and the news that the Trump administration is considering Huawei-like sanctions on Chinese video surveillance firm Hikvision.Bearish traders are also betting on a further reduction of the cash rate before year end. That could be the reason why the New Zealand Dollar failed to draw support from Wednesday’s better-than-expected retail sales data.The release of the Fed minutes on Wednesday failed to generate much movement in the currency. Even with the Fed

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Cryptocurrency Relative Strength Analysis Report For Week Starting 5/26/19

When you think about Cryptocurrencies, one name immediately comes to mind, Bitcoin.  Since the creation of Bitcoin, there has only ever been one cryptocurrency at the top of the market cap rankings…Bitcoin. 

When the price of Bitcoin rises, generally you can expect altcoin prices to rise with it. Likewise, when the Bitcoin price drops, altcoins also follow. And sometimes when Bitcoin is rising, the altcoins are declining due to cash moving from the altcoins to Bitcoin and vice versa.

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Bitcoin dominance is used to measure the percentage of the cryptocurrency market that can be attributed to Bitcoin. Thus, it’s very easy

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Crypto Contest May 26: Celer Network

Celer Network (Binance: CELRUSDT) 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, Celer Network began a wave one advance on May 9. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on May 21, and the red wave two (blue sub-waves a-b-c) correction ended on May 25. If this wave count is correct, Celer Network should be heading next towards the May 21 peak in the red wave three.

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

Funnymentals

Celer Network is a layer-2 scaling platform that enables fast, easy and secure off-chain transactions. BlockchainBrad interviewed the

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Forex Relative Strength Analysis Report For Week Starting 5/26/19

Some of the world’s currencies are accepted for most international transactions. The most popular currencies are accepted for most international transactions are the U.S. dollar, the euro, and the yen. However, the U.S. dollar is the most popular. And in the foreign exchange market 90 of forex trading involves the U.S. dollar. Thus, when assessing the relative strength of the most popular currencies in the world, it’s always against the U.S. dollar, using the daily time frame chart.

The “major” forex currency pairs are the major countries that are paired with the U.S. dollar (the nicknames of the majors are

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The Sunday Recap – Down the Rabbit Hole 30

As usual lots to take-in this week from the continuing shenanigans of Craig Wright to JP Morgan’s clear inability to grasp the value proposition of crypto. This week I’ve highlighted Hackernoon – with all but one of the listed articles being sourced from the website. The quality of crypto/tech-related material published on Hackernoon is first rate. Each one of the articles listed below is informative, valuable and current.

Picks of the Week

Hands down the most interesting article I’ve read in quite some time is ‘Crypto is the New Fiat‘ by Conceptskip. While I don’t necessarily agree with all of the points

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Don’t Sleep On Litecoin’s Halving Event

Bitcoin is up over 100% this year.  Part of the reason is because Bitcoin is halving in May of 2020. Bitcoin Halving is where the number of generated Bitcoin rewards per block is cut in half making the supply and demand of bitcoin a bit more imbalanced.  Meaning the less Bitcoin available, the more demand there is for bitcoin, thus the higher price.  And usually prior to the halving, 12 months in advance, the Bitcoin price tends to move higher in anticipation of the event.

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Litecoin is currently trading at a new 2019 high and the highest it has been

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Psychological Stages of Investing in Real Estate

Like anything else in life the biggest obstacle to our progress is often ourselves. Most people progress through these psychological stages of real estate investing, but some get stuck.
This is something I have talked about in the past and thought worth revisiting.
Psychological Stages of Investing in Real Estate
1. Nervous Beginner
This is when you are yet to do your first deal or maybe you have even done a deal with a mentor and are on to doing one by yourself.
You have decided that investing in rental properties is the right investment for you. You are excited about it, you have done

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Crypto Contest May 25: U Network

U Network (Huobi: UUUBTC) 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, U Network began a wave one advance on February 25. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 8, and the red wave two (blue sub-waves a-b-c) correction ended on May 14. If this wave count is correct, U Network should be heading next towards the April 8 peak in the red wave three.

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

Funnymentals

U Network is a decentralized content asset storage, notarization, distribution, publishing and valuation network. Crypto Love reviewed the

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BITCOIN – 25 May

Look like it’s still trying to break the bull flag top resistance. May just do sideway consolidation for another week between 7800 to 8200 zone before the next move. Still likely for one more leg up testing the 9600 zone based on current sentiment.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :101
Total marketcap :250
Dominance :56.9
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

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My TIMM Trading Pit Commentary – Wk Of 5/20/19

TIMM (Traders’ & Investors’ Mentor Market) provides the tools analysts need to share their insights in a central location, TIMM becomes a market where traders and investors can shop for the insights they’re looking for.The Trading Pits are, in some ways, the main meeting place for TIMM. Here you will see folks sharing insights and asking questions about markets.

Commentary from this past week includes:

The S&P 500 futures bounced off of non-fresh daily demand yesterday, went long pre-market when price pulled back to a 2 min demand zone.

Nasdaq 100 futures back in daily demand, but no longer a fresh zone, so

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