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Play The Extremes On Oil

February 14, 2019 Published by

OPEC reported that output fell by almost 800,000 bpd in January to 30.81 million bpd.  On Tuesday, Saudi Energy minister Khalid al-Falih said production would fall below 10 million bpd in March, more than half a million bpd below the target it agreed to.

Meanwhile, two weeks ago the U.S. Energy Information Administration (EIA) said Record-breaking U.S. oil production is expected to continue for decades.  For example, Texas’s oil production hit a record level not seen since 1973. Texas oil wells produced more than 1.54 billion barrels of crude in 2018.  If Texas was a country production it would be the

Crypto Contest February 14: Stealth

February 14, 2019 Published by

Stealth (Bittrex: XSTUSD) 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, Stealth began a wave one advance in November 2015. The red wave one finished in October 2016, and the red wave two correction ended in January 2017. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished in January 2018, and the red wave four (blue sub-waves a-b-c) correction ended in November 2018. If this wave count is correct, Stealth should be heading next towards the January 2018 peak in the red wave five.

(Chart courtesy of Tradingview.com

Crypto Contest February 14: Stealth

February 14, 2019 Published by

Stealth (Bittrex: XSTUSD) 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, Stealth began a wave one advance in November 2015. The red wave one finished in October 2016, and the red wave two correction ended in January 2017. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished in January 2018, and the red wave four (blue sub-waves a-b-c) correction ended in November 2018. If this wave count is correct, Stealth should be heading next towards the January 2018 peak in the red wave five.

(Chart courtesy of Tradingview.com

Crypto Contest February 14: Stealth

February 14, 2019 Published by

Stealth (Bittrex: XSTUSD) 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, Stealth began a wave one advance in November 2015. The red wave one finished in October 2016, and the red wave two correction ended in January 2017. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished in January 2018, and the red wave four (blue sub-waves a-b-c) correction ended in November 2018. If this wave count is correct, Stealth should be heading next towards the January 2018 peak in the red wave five.

(Chart courtesy of Tradingview.com

Currency Analysis Report 2/14/19 – US Dollar Back At the Weekly Supply Zone

February 14, 2019 Published by

When Fed Powell hinted several weeks ago that rate hikes were on pause, many experts thought that would hurt the dollar. Low interest rates usually go hand in hand with a weaker currency.  However, the US dollar hit a fresh 2019 high earlier this week.

Since then, a bit of a pullback has developed and price now sits below the 97.00-level on the chart.  With weakness in the Euro and Japanese Yen, and China’s economy slowing down, I think the US dollar is a crowded trade.  There is no other place to turn to, so the US dollar is the lesser

BITCOIN: either a “Bull” Flag or “BART” Flag

February 13, 2019 Published by

A few days have gone since I have posted about BITCOIN and , to tell you the truth, I felt like it did not deserve to do so till now.

Market is in “consolidation” mode, trying to decide which way to take now and the volume has kept constant since almost 5 days ago, stuck around 6.5 b$ which is not bad since it was 5b$ just a week ago…

As expected, BITCOIN has been dancing and still is doing so just below the upper line of the falling wedge.

It is true that 5 days ago I expected a continuation of the

Bitcoin and EOS Technical Analysis: BREAKOUT LOOMING?

February 13, 2019 Published by

Bitcoin continues to consolidate, but is showing numerous signs of a possible breakout. I discuss this further in my video analysis at the bottom.

EOS has been trying to break above the $3.00 resistance. While it’s briefly penetrated by a wick, a decisive break above has been unsuccessful. Volume has been slowly rising and, like bitcoin, we are seeing signs of a possible breakout in the near future.

In today’s video analysis I discuss where prices may be heading, traps to avoid and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM

Church And Dwight Needs To Pray

February 13, 2019 Published by

Church & Dwight reported earnings this last week.

Finally, shares of Church & Dwight fell 7.5%. The maker of consumer brand products like Arm & Hammer, Oxiclean, and Waterpik said that sales grew more than 4% in the fourth quarter of 2018 on an organic basis, with especially strong 9% gains internationally.

Yet even though results in the consumer international and consumer domestic segments were solid, Church & Dwight saw a big drop in net sales of specialty products. Moreover, investors were concerned about the impact of tariffs, which was a significant cause of a 2.5-percentage-point drop in gross margin to

Crypto Contest February 13: Odyssey

February 13, 2019 Published by

Odyssey (Bittrex: OCNBTC) 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, Odyssey began a wave one advance on August 14, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 17, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on February 10 this year. If this wave count is correct, Odyssey should be heading next towards the October 17, 2018 peak in the red wave three.

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

Funnymentals

Odyssey’s mission is to build the next-generation decentralized sharing ecomony & peer-to-peer ecosystem. Odyssey

Crypto Analysis Report 2-12-19…Litecoin Is At Another Critical Level

February 13, 2019 Published by

The last time I spoke about Litecoin, price was at a do or die price level,

Crypto Analysis Report 1-20-19…Litecoin Is At A Critical Level

The level to pay close attention to on Litecoin is the $30 level. Not only is this a psychological round number, but price is attracted to this level going back all the way to May 2017.

So if price breaks below $30, the pivot low at $22 must hold. If price breaks above $30, the next test will be the daily supply at $44.

Not only did price hold the $30 level, but breached the $44

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