timm – Page 197

What is Bullish about Everyone WARNING about Guidance?

January 28, 2019 Published by heyimsnuffles

I am shocked how incredibly bullish the mainstream media and the talking heads are regarding the current situation within the market. After the Q4 that was sustained, yes we have rallied off the lows of Christmas Eve, it is hard to believe that we are going to rip straight back to 2900 where we were before (it is possible, not likely). I believe you are witnessing one of the biggest traps in the last decade brewing.
As you see above, even with the V Shape rally, SPX has been unable to even make it to the 200 day MA. This shows

BITCOIN – New recent low

January 28, 2019 Published by timm

As mentioned yesterday, it may test the bottom of triangle bottom and indeed it happened and went lower. Let see if the day candle have strength push back and close off the candle above the triangle bottom near 3465 zone. On 4hr chart possible new down channel. Margin shorts picking up.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio : 130
Total marketcap : 113
Dominance : 53.6
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

Unusual Options Activity In Alibaba

January 28, 2019 Published by timm

At the World Economic Forum in Davos, Switzerland this week, Alibaba CEO Daniel Zhang told delegates that China is a “self-sufficient market,” and seemed to downplay the effect of the trade conflict on consumption in China: “China has a lot of opportunities. Trade war is only one matter,” Zhang said.

On Friday, MKM Partners’ Rob Sanderson raised its price target for the Chinese commerce giant to $245, writing that Alibaba’s stock is capable of weathering the macroeconomic concerns that dragged down shares last year, citing opportunities in its Alibaba’s cloud division, a moderate spending outlook and other positive factors.

Source

Alibaba’s

Crypto Contest January 28: Dent

January 28, 2019 Published by maarnio

Dent (Binance: DENTETH) 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, Dent began a wave one advance on August 6, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 30, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 2 this year. If this wave count is correct, Dent should be heading next towards the October 30, 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Dent is tokenizing the mobile data industry and creating a world-wide marketplace to

BTC 29 Jan – still on track

January 28, 2019 Published by bitbrain

This is a short update to explain the price movements of today in terms of yesterday’s prediction.

In the post “BTC update” yesterday I explained that BTC was both in a channel (forming a bull flag) and a converging triangle (signalling a breakout) as shown below:

From https://mentormarket.io/bitbrain/btc-update/

The triangle has now broken out – with some noteworthy results.

Made by Bit Brain with TradingView

The triangle broke downwards:This was obviously not the positive breakout from the channel as I had hoped it might be.The price dip to a new 2019 low of approx $3380 did not break through the bottom of the channel: The channel remains intact and that the bull flag scenario is still in play.While still remaining in the channel, the probability that

3 Reasons I Remain Long-term Bullish on Bitcoin

January 28, 2019 Published by timm

This marks the inaugural post of the ‘Three Reasons’ series. The posts will alternate – a bullish outlook for a particular blockchain project followed by a bearish. Three is an estimate of convenience only. These posts are intended to be brief expressions of my opinion on particular cryptocurrencies and are not exhaustive in detail.
3 Reasons I Remain Long-term Bullish on BTC
The 2020 Halvening
In May 2020 the block reward for BTC will go from 12.5 BTC per block to 6.25 effectively halving the rate of inflation and new coin supply. In the months before and after this drop in supply creation, it is

Steem Price: That Bearish U-Turn Came to Fruition

January 28, 2019 Published by timm

A few days back I mentioned how the price of steem formed a bearish u-turn pattern on the daily chart after testing that 40 cent area.
The volume was weak on it so I thought, maybe it won’t play out.
Unfortunately the Bear Roared

The gold circle from my original chart points out the bearish u-turn pattern marked by the reversal candle (first red candle of the past six red days) and the pattern has played out with the following sell off.
Possible downside targets are the 25 cent level that acted as a bottom on the past two little pull backs.
Conclusion
What this basically