The Oprah Effect Strikes Weight Watches – Part 2

Five months ago, I talked about the halo effect Oprah Winfrey was having on Weight Watchers,

The Oprah Effect Strikes Weight Watches

Nevertheless, due to the Oprah Effect, the stock price of Weight Watchers is up a staggering 1000% since Oprah took a stake 10% in the company some years back, became a board member and become the face of the program, and appear in ads and commercials.

So on Friday, when I saw the price stock in the $30s I had to investigate.  In March of last year, Oprah made $110 million by selling 2 million shares in Weight Watchers…that was a

BITCOIN – Mini breakout come back to test

On 4hr chart pullback testing the mini ascending triangle breakout 3580 zone. Might head down to test channel bottom around 3520 as margin shorts are picking up. As long as the channel bottom holds, still valid for short up trend.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :118
Total marketcap :120
Dominance :52.4
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

STEEM SUPER NEW LOW 110 SATS ~ $0.039 | FAT FINGER ? OR STEEMIT

Just awhile ago i saw this super Looooooooonnnnnnnngggggggg shadow candle. Made super new low on binance even lower than bittrex 575 arghhh i wished i had orders set for it. Current new low 110 sats per steem. Someone/group just sell 750k steem on binance. Maybe it’s from steemit, remember they had the 2.6mil steem 1st batch power down. Batch 2 of 2.6mil steem releasing tml. Initially i thought it’s a fat finger trade, on second look maybe the someone/group just want to cash out. Thank to that now my charts are skewed -_-
 

Crypto Contest January 26: Memetic

Memetic (Bittrex: MEMEUSD) 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, Memetic began a wave one advance in December 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in December 2017, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, Memetic should be heading next towards the December 2017 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Memetic is a Proof of Stake cryptocurrency platform for the Kekdaq decentralized exchange and IPFS meme storage platform.

McCormick Got Grinded Up This Week

McCormick (NYSE: MKC) manufactures, markets, and distributes spices, seasoning mixes, condiments such as Zatarain’s, Lawry’s, Old Bay Seasoning, French’s, Frank’s Red Hot, Mojave Foods, Cattleman’s.

McCormick announced fourth quarter earnings on Thursday and reported sales of $1.50 billion vs expectations of $1.55 billion and earnings per share $1.67 vs expectations of earnings per share of $1.70.  McCormick cited higher marketing and freight cost and weakness in Asia and Europe as some of the reasons for the lowered numbers. 

NOTE: had it not been for their acquisition of the Frank’s and French’s brands in the summer of 2017, sales and earnings would have

Bitcoin: What a Snooze Fest

Been awhile since I posted about Bitcoin and with reason.  Price has been flatlined of late as we just muddle along in the middle of a range.
Range Bound and Hopefully Not Down
Until we see upside above about 4,200 there really isn’t much to talk about on the upside.   Looking at the chart below you can see we kind of flattened out at the bottom part of the last little move higher and are just riding right on the edge of it.
Hopefully this price level maintains otherwise we are likely to test that low near 3,100.

Guess we have to just wait

Bitcoin: What a Snooze Fest

Been awhile since I posted about Bitcoin and with reason.  Price has been flatlined of late as we just muddle along in the middle of a range.
Range Bound and Hopefully Not Down
Until we see upside above about 4,200 there really isn’t much to talk about on the upside.   Looking at the chart below you can see we kind of flattened out at the bottom part of the last little move higher and are just riding right on the edge of it.
Hopefully this price level maintains otherwise we are likely to test that low near 3,100.

Guess we have to just wait

A(nother) word on Bitcoin ETFs

The market is definitely maturing its way out of FUD – an excellent sign for upcoming growth!

I don’t always get the short-term calls right, but man am I good at the long-term ones – the ones which are really important to investors!

The last two Bitcoin ETF applications were withdrawn this week (by CBOE and SolidX) due to the US government shutdown (allegedly). What happened to Bitcoin when they withdrew?

Nothing.

This is in stark contrast to the immature and frankly rather clueless 2018 market.

Do you remember the effect that any ETF news had on BTC in 2018? Any statement from the SEC,

BITCOIN: Price projection using Bars Pattern. Just for Fun… :-)

Using BITCOIN Weekly Chart, Log Scale.
Applying tool “Bars Pattern” of the previous BEAR/BULL Market, period from November 25th 2013 till December 18th 2017

Assuming End of Previous BEAR Market by end of August 2015
Fitting and adjusting “Peak to Peak” with the summit of the last Bull (December 18th 2017):

Conclusions:

Still a lower low would be expected. “Simulation” of the “Bars Pattern” indicates 2548 USD as the lowest point.
A “Consolidation” period of 7 to 8 months would be expected.
Start of A Bull Market September 2019
322.000 USD by the end of 2021
…in the meantime, lots of Dapps, crypto projects and adoption coming…

Will you have the patience to

BITCOIN: Price projection using Bars Pattern. Just for Fun… :-)

Using BITCOIN Weekly Chart, Log Scale.Applying tool “Bars Pattern” of the previous BEAR/BULL Market, period from November 25th 2013 till December 18th 2017

Assuming End of Previous BEAR Market by end of August 2015Fitting and adjusting “Peak to Peak” with the summit of the last Bull (December 18th 2017):

Conclusions:

Still a lower low would be expected. “Simulation” of the “Bars Pattern” indicates 2548 USD as the lowest point.A “Consolidation” period of 7 to 8 months would be expected.Start of A Bull Market September 2019322.000 USD by the end of 2021…in the meantime, lots of Dapps, crypto projects and adoption coming…

Will you have the patience to