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Crypto Contest June 12: Matryx

June 12, 2019 Published by

Matryx (Huobi: MTXBTC) 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, Matryx began a wave one advance on February 11. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 9, and the red wave two (blue sub-waves a-b-c) correction ended on June 4. If this wave count is correct, Matryx should be heading next towards the April 9 peak in the red wave three.

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

Funnymentals

Matryx is composed of a collaboration system to track innovation and a bounty system to award solutions to scientific problems. Dr.

Forex Analysis Report – 6/11/19…USD/MXN Bouncing Around, But Consolidating???

June 11, 2019 Published by

Late Friday, President Donald Trump tweeted that he had suspended plans to impose tariffs on Mexico after reaching a deal with that country over stemming the flow of illegal immigration. But he warned Mexico in a series of tweets on Sunday that if cooperation should fail, “we can always go back to our previous, very profitable, position of tariffs.”The Mexican peso surged on Monday, benefiting from news the U.S. won’t impose trade tariffs after a deal was reached between the two nations.Mexico’s peso USDMXN, +0.0083%   jumped 2.2% against the dollar. The buck was buying 19.198 pesos, compared with 19.624 pesos

Erinn Murphy Is So Wrong About Tapestry

June 11, 2019 Published by

Piper Jaffray analyst Erinn Murphy reiterated an Overweight rating with a $40 price target.Murphy said Tapestry management is confident in the multi-brand strategy and reiterated their view to achieve double-digit EBIT growth in fiscal year 2020. The Kate Spade transition is underway and by the end of June, over 90 percent of full-price products will be from new creative director Nicola Glass.“While management acknowledged the overall North America retail climate has been ‘choppier’ year-to-date, trends overseas are particularly strong and they are not seeing pressure in their China business,” Murphy wrote in the note.China is still the largest opportunity across

5 days-on-a-row of STEEM Growth

June 11, 2019 (updated June 11, 2019) Published by

Believe it or not it’s been already 5 consecutive days on which STEEM presents positive numbers in terms of price…

Of course I am speaking about the STEEM/BTC pair. The STEEM/USD pair is not bad neither but it is affected by the correction of BITCOIN.

What is interesting to see is that, both, the 50 and the 200 Daily Moving Average are now holding STEEM more solidly than ever and it is trying to break a known resistance right now, on a time not specially good for BITCOIN…

I really think we touched the bottom already on December, the problem is that there is an excess of STEEM available at the market due, mainly, by the major transfers performed by STEEMIT INC during the past months, some of them were really massive… in particular during early this year, and according to what I have extracted from the data obtained at Steemworld, STEEMIT did in a couple of months transfers to alternative accounts which withdraw STEEM to the exchanges in enormous quantities (millions of STEEM)…

So, even if STEEM has done the bottom there, the amount of available STEEM at Bittrex, Binance, Huobi etc… highly exceed the demand of the buyers…

Lately, STEEMIT has decreased the amount of coins transferred to the Exchanges…

We are speaking about a huge change from a few Millions to less than 1 Million of STEEM… this are very good news for everybody.

Hope they can maintain this withdrawal level in order for STEEM to recover a little bit its price… we deserve it as well.

@toofasteddie

Forex Analysis Report – 6/11/19…Downside Risk On USD/INR(Rupee)

June 11, 2019 Published by

The rupee will fall further against the U.S. dollar over the next 12 months than previously thought, hit by slowing growth momentum and an escalating global trade war that has recently threatened to engulf India, a Reuters poll found.Last year, a deep sell-off in emerging markets and a widening domestic fiscal deficit, exacerbated by rising oil prices, pushed the rupee down nearly 9% and that weak trend is not expected to change over the coming year.A trade conflict between the United States and China, which shows no signs of being resolved anytime soon, will probably put further pressure on risky

Crypto Contest June 11: ContentBox

June 11, 2019 Published by

ContentBox (Huobi: BOXBTC) 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, ContentBox began a wave one advance on January 10. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 2, and the red wave two (blue sub-waves a-b-c) correction ended on May 14. If this wave count is correct, ContentBox should be heading next towards the April 2 peak in the red wave three.

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

Funnymentals

ContentBox is empowering a decentralized digital content ecosystem. You can watch their intro video below.

(Sources: ContentBox and YouTube)

How can I vote?

Bitcoin, EOS, BNB, LTC, ETH, BAT and XRP Analysis: Waiting for Larger Move

June 10, 2019 Published by

Bitcoin once again tested the $7,500 support yesterday. Bulls successfully defended it for a third time in the last 6 days. Predictably, price jumped to nearly $8,100 where bears once again defended resistance. This latest bounce happened on very little volume. This continues to suggest many traders are either sidelined or holding, waiting for a larger move.

Price has been unable to decisively (daily candle open and close) break above the 21 day EMA….which is now confirmed resistance. A decisive break above would be significant in my opinion.

Zooming in on the 4 hour chart, we can see the 8, 21 and

Ollie Bargain Outlet’s Earnings Disappoint

June 10, 2019 Published by

Closeout retailer Ollie’s Bargain Outlet (OLLI – Get Report) reported better-than-expected earnings but same-store sales missed estimates, prompting a drop in the stock price.Shares of Ollie’s opened the trading day Friday down 2.81% at $94.84 on the Nasdaq Stock Market after the company reported adjusted net income of $30.2 million, or 46 cents a share, vs. adjusted net income of $26.6 million, or 41 cents a share, in the comparable year-ago quarter.Comparable same-store sales, however, a key measure of retailers’ profitability, came in at 0.8%, down from a 1.9% gain in the comparable year-earlier quarter and below Wall Street expectations.For

Bitcoin: Waiting to Exhale

June 10, 2019 Published by

 
If you caught the film/book reference in the title then I have bad news for you: you’re old. Like me.
It has recently come to my attention that BTC looks poised to fall in price.
Nothing Earth shattering, just a regular, healthy price retracement.
If you follow me on Twitter then you should have seen this over the weekend:
 

From https://twitter.com/brain_bit

 

Like I said in that Tweet, I’m expecting a drop in the region of $1.5k – $2k. I base this on a variety of factors: reigning market sentiment, support levels, volume and historical retracement behaviour. Also as I said in the Tweet, this is

Currency Analysis Report – 6/10/19…First Signs Of Cracks In The US Dollar

June 10, 2019 Published by

Lawmakers, business executives and economists have all tried to warn President Trump that his trade policies could hurt growth. On Friday, the government reported that employers added just 75,000 jobs in May, a fact that will be hard for him to ignore.The increase was a far cry from what economists had expected and a fraction of the number of jobs created in April. The weakness was most evident in sectors that depend on exports, and analysts were quick to blame Mr. Trump’s tariffs on China and other countries. The new data from the Labor Department also increases the likelihood that

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