Two Minute Crypto – Retail Investors Part 1

Please click the link to listen to the 18th episode of my weekly crypto podcast ‘Two Minute Crypto.’ These are intended to be short, single-topic ramblings on some aspect of the cryptosphere. Comments and critiques welcome.

Transcript
Two Minute Crypto – Retail Crypto Investors
Welcome to Two Minute Crypto – today sees the beginning of a two-part series focusing on retail crypto investors. In this episode, I’d like to focus on a few reality checks that are absolutely essential to a retail crypto investor’s success. For simplicity, by retail investor, I mean someone who places capital in the crypto market with a minimum of

Get. On. The. Blockchain. Rocketship.

It is such a good thing for the ecosystem and crypto itself that bitcoin an cryptocurrencies are not in the news every hour of every day like they were in 2017. This makes it so much easier for the blockchain believers to concentrate and help evolve the technology, rather than constantly hear from people gambling and tweet hating everywhere about crypto. It is actually pleasant. It is possible that the crypto stars are beginning to align again.

First off, bitcoin is not technically broken until it goes under 1150. This is quite crazy but you can see in the past bubbles

BITCOIN: Current Possibilities

Two Target supports, two different alternatives…

Assumption: Extended 5th still on going

Last 5th wave of the down-cycle may be composed by 5 subwaves (Brown). First wave (very long IMO) and 2nd wave completed… 3rd wave on going…

Target limit 3375 USD (Target support 2)

Assumption: 5th wave completed

1st wave (brown) up completed, building the 2nd… If BTC rebounds on the “Target support 1” around 3537 USD then the EW count is valid and the 3rd wave upwards will be formed…

Entry Target: 3540 after rebounding on the support 1.

@toofasteddie

*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this

SPX: Gap and Go So Took My Profits

As the S&P 500 pushes further into the resistance zone I decided not to be greedy and booked the rest of my day (turned into overnight) trade.
Bad News is Good so Good News is Great
The market was strong yesterday and the day before despite poor earnings announcement from companies such as Citi.  Thus, when Bank of America and Goldman Sachs were upbeat I guess that means we are definitely going to go a bit higher?
Well, atleast open higher and that is what happened followed by a push higher.  Or as I call it a gap and go.  Being we have

BITCOIN – symmetrical triangle apex soon

Indeed it did sell off then bounce again now consolidating into a possible mini symmetrical triangle. Possible up channel too. as the fake spike out just now almost tested the channel top and my short got liquidated then it went down again.  Bulls bears fighting at 3680 zone for grounds back into symmetrical triangle on 4hr closing in on apex soon in next few candle for the next direction move. bias down side
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :123
Total marketcap :122
Dominance :52.4
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) |

Ethereum Hardfork Delayed

The Ethereum network is scheduled for a hard fork called Constantinople today.  But unlike the hard fork on Bitcoin Cash in recent months, this hard fork is expected to not cause any issues as all transaction validators are likely to upgrade their software which will be a plus for the Ethereum community.

The upgrade is intended to reduce mining rewards from three to two, speed up processing times, improve the way the network monetizes data storage and address crypto scalability — the ability to process transactions efficiently and quickly.   Thus, this hard fork is likely to be positive for the valuation

Fiat pairs trading on Binance!

A brand new Binance exchange named Binance Jersey is up and running!

It offers fiat trading with the pairs BTC EUR, BTC/GBP, ETH/EUR and ETH/GBP.

From https://www.binance.je/en/trade/BTC_GBP

The exchange launched only a few hours ago and is a big step forward; both for Binance which is looking to release its own DEX soon and for cryptocurrency mass adoption in Europe.

Binance Jersey is located at https://www.binance.je – you can’t access it through the regular Binance site. Binance Jersey is located on self-governing British Isle of Jersey – hence the name. This means that you have to make a new account, which is fairly painless,

What happens after the bounce is what matters!

Well folks, we are now here. On Christmas Eve I said we are bouncing, followed by what happens after the bounce is what matters going forward. This V shape bounce (somewhat surprising how quick) has now ran into some HUGE sellers at 2610 and 2680.

If you go back and read my previous posts, these two levels have been mentioned over, and over, and over again, and again, and again. By drawing the resistance line you can literally see the wall that has been created from past prices. There is a 90% chance this causes trouble, the other 10% is a

Crypto Contest January 16: NoLimitCoin

NoLimitCoin (Bittrex: NLC2BTC) 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, NoLimitCoin began a wave one advance on November 23, 2018. The red wave one finished on December 3, 2018, and the red wave two correction ended on December 7, 2018. The red wave three  (blue sub-waves i-ii-iii-iv-v) advance finished on December 27, 2018, and the red wave four (blue sub-waves a-b-c) correction ended on January 13 this year. If this wave count is correct, NoLimitCoin should be heading next towards the December 27, 2018 peak in the red wave five.

(Chart

Currency Analysis Report 1-16-19…Brexit Delayed Again

Two years ago, England voted to leave the EU.  Today, U.K. Prime Minister Theresa May asked Parliament to approve the withdrawal agreement with the European Union.  The withdrawal agreement was rejected by 432 votes to 202. The 230 vote defeat is thought to be the largest in U.K. political history.  U.K. government now has just three working days to map out a new plan of action.

The more Brexit lingers, the probability decreases England will leave the EU.  Many think leaving the EU will hurt England.  A Bank of England report in late 2018 said leaving the EU would result in