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Cryptocurrency Relative Strength Analysis Report For Week Starting 6/3/19

June 3, 2019 Published by

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

Crypto Contest June 3: BitKan

June 3, 2019 Published by

BitKan (Huobi: KANBTC) 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, BitKan began a wave one advance on February 19. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on April 3, and the red wave two (blue sub-waves a-b-c) correction ended on May 14. If this wave count is correct, BitKan should be heading next towards the April 3 peak in the red wave three.

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

Funnymentals

BitKan is a cryptocurrency data and blockchain community service provider. They launched BitKan Smart Trade back in April.

(Sources: BitKan and Twitter)

How

World Stock Market Relative Strength Analysis Report For Week Starting 6/2/19

June 3, 2019 Published by

The Standard & Poor’s 500 Index (known commonly as the S&P 500) is an index with 500 of the top companies in the U.S. Stocks.  Because the S&P 500 Index represents approximately 80% of the total value of the U.S. stock market, it’s the bellwether index for the U.S. stock market.  In addition, the U.S. stock market is the largest stock market in the world, it’s also the bellweather for equity markets around the world. The S&P 500 is arguably the most important stock market index on the planet.

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Because we live in a global economy, the global equity markets

Crypto Contest June 2: Metadium

June 2, 2019 Published by

Metadium (Bittrex: METABTC) 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, Metadium began a wave one advance on February 19. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on March 20, and the red wave two (blue sub-waves a-b-c) correction ended on May 14. If this wave count is correct, Metadium should be heading next towards the March 20 peak in the red wave three.

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

Funnymentals

Metadium aims to build an identity blockchain ecosystem. HighOnCoins covered the latest news one week ago.

(Sources: Metadium and YouTube)

How can I vote?

The S&P 500 Level To Watch Is 2800 – Part 2

June 1, 2019 Published by

The sell-off in U.S. stocks may get uglier as President Donald Trump’s trade war escalates at a time when the market is far from cheap, RBC Capital Markets says.A 10% correction of the S&P 500 Index from its April peak to 2,650 is becoming more likely, according to strategist Lori Calvasina. The equity gauge is about 4% above that level. Investors should take a more defensive stance, with the firm upgrading utility shares, while cutting its recommendation on commodity producers, she said in a note to clients Friday.Should the index retreat to 2,650, that would erase half the gains from

SPDR Sector Relative Strength Analysis Report For Week Starting 6/3/19

June 1, 2019 Published by

Sector rotation is the action of shifting investment assets from one sector to another to take advantage of cyclical trends in the overall economy in an attempt to beat the market.  Sector rotation seeks to capitalize on the theory that not all sectors of the economy perform well at the same time because sectors of the stock market perform differently during the phases of the economic and market cycle.

For example, defensive sectors such as consumer staples, utility and health care stocks tend to outperform during a recessionary phase, while consumer discretionary and tech stocks tend to fare well during early

Crypto Contest June 1: BitUP Token

June 1, 2019 Published by

BitUP Token (Huobi: BUTBTC) 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, BitUP Token began a wave one advance on February 20. 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 May 14. If this wave count is correct, BitUP Token should be heading next towards the April 9 peak in the red wave three.

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

Funnymentals

BitUP is a digital assets management platform. You can view their roadmap below.

(Sources: BitUP)

How can I vote? Where

Currency Analysis Report – 5/31/19…Swiss Franc Setting Up For A Position Trade

June 1, 2019 Published by

Swiss economic growth accelerated more than economists expected in the first quarter, joining the upturn seen across much of Europe at the start of the year.Even with the strong first-quarter showing, there’s downward pressure on the economy amid a global slowdown and escalating trade tensions that have hurt business confidence and demand. In Switzerland, the manufacturing Purchasing Managers Index is at its lowest since 2015 and the KOF’s business situation index has fallen for five straight months.The Swiss National Bank has also warned of the likelihood of Switzerland suffering from the impact of trade tensions. One major repercussion could be

DowDuPoint…Guilty By Association

May 31, 2019 Published by

The threat of a global slowdown looms, due mostly to tough trade negotiations between the U.S. and China. And as usual, markets price stocks with the forward valuations in mind.Already, resource stocks are down in anticipation of slower economic activity ahead. Some companies tried to head off the decline in stockholder value by splitting up their units to realize the value of the parts. DowDuPont (DWDP – Get Report) split off Dow on April 1 but its shares keep falling.DowDuPont dipped suddenly in the last month, potentially due to nervousness over the reverse share split. More likely, markets are over-reacting

Bitcoin Technical Analysis: Bulls Defending Support

May 31, 2019 Published by

Bitcoin dropped over $1,100 yesterday in under 8 hours. Price wicked below the $8,150 support, but bulls quickly stepped in to play defense. It’s now trading around $8,400 on Coinbase.

The daily RSI has developed an ascending support line that’s been respected since December of last year. If this support holds, it may signal the bulls have enough strength to test $9,000 again.

In today’s video I discuss market psychology. We’ll try to make sense of the beautiful madness that is bitcoin, give you key areas to watch and so much more. I hope you find it helpful.

Video Analysis:

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