As of this writing , BTC is trading at 4234.20 , XRP at just .39622 ; and among these developments , the media has flipped - first displaying what could be taken for honesty , now piling on stories about Dr. "Doom's" predictions , especially that central bank electronic currency will obviate blockchain , BTC , and any other form of current crypto.
What happened to...
Bitcoin -10.15% destroyed!! At least another 15% to go in the short term
Bitcoin continues on a further south direction. No other support lines are in the way and heading towards the next support line at around the @4500 level. From my experience stay on the sidelines or short sell.
Follow your Trading plan, remained...
Short Position BINANCE:QKCBTC
Chart Time frame - 4 Hourly
Timeframe - Day trade
Actions on -
A – Activating Event
Trade unable to push above the 0.00000934 level. This trade has failed to push up to recent highs.
B – Beliefs
Trade will move to next support line @0.00000647 level.
Bitcoin Bullish reversal?? Think again!!
Bitcoin has broken an important support line and the next support line is around the @4500 level. From my experience trying to buy this on its way down it trying to catch a falling knife. If your desperate and want to buy into bitcoin, at least wait until Bitcoin has consolidated...
Vanadium Flake and high grade source to V2O5 for making high strength steel. 0.5% V2O5 will double the strength of steel. Above this it can improve corrosion protection and harden metals like in aircraft engines. It is also offering a new battery technology that is more reliable than Lithium-Cobalt-Manganese batteries. The stock has already...
We recently fell back to a long time low on Silver. Using pure technical analysis, I can see 3 major points where we could find a reversal, not including the current double bottom that may result in a reversal right now. Looking more a logical reasons why silver will go up, my recent research on mining prices are a big signal towards a bull market. Estimates on...
The rise of chip stocks was due to the popularity of Cryptocurrencies and lots of speculators piling in on the mining frenzy. Due to a cool off of the Cryptocraze there will be related downtrends in AMD and NVDA as their hardware sales have dried up and so too have the dreams of an microprocessor run economy.
Don't know how much the correction will take the price...
This is my diatribe on why I am staying away from Nvidia.
There are many facets to this business that go under peoples radars, but the most important from an earnings perspective especially with the state of the general purpose hardware arms race, is the mining metric that they like to throw around and that those numbers are a lie. It's also a flat out deception...
Bitcoin's energy consumption is out of control.
The network's energy needs come primarily from mining. The current industry standard miner is still the Antminer S9 from Bitmain. The power consumption trend is proportional to global hash rate which continues to increase exponentially, yet innovation in the mining sector has stalled since 2016. Recent developments...
Cameco Corp. Mining Uranium stock likely recovers in breakout of FIB retracements 0.5 (recent down) and 0.382 (recent up) and near 9.81 or drop below 9.50 to 8.95-9.25 resistance.
Point of interest:
* Uranium prices beaten down since 2011 Fukashima Reactor melt-down and back-up generator cooling failures from psunami hitting Japan.
* Japan shuts down all of...
Hudson Bay Minerals is 50% off January high and mining not favorite for many but it's
in small-cap under $10 stocks that can give good double digits this year.
Turning up off baseline entry as copper futures are also turning around.
Millennium Mining is very well run and operated. Institutions around Australia have weighed in on the success of this company and the stock price is set to soar as retail realises they are sitting on the sidelines. Conservative figures put this stock well over the dollar mark within the next year (large returns).
Spot price gold has also experienced an...
The Cycle Wave 5 top (and Supercycle Wave 1 top) was most probably on the week of the 14th of May 2018 (please reffer to related idea).
NYSE:VALE now seems to be on an Intermediate Wave C which is part of the Cycle Wave A down.
If this count is correct we should still expect Intermediate waves B and C.
Only after Cycle Wave C, the last part of Supercycle Wave 2,...
The price was able to overcome the next level without problems and continues to decline. At the current time the next level of support is the mark of 6.200.
Given the fall in the value of the cryptocurrency, mining becomes less profitable and may soon become unprofitable. The only winners in the fall are traders. In case of falling volumes of mining, prices may...