testing a early formation of a scythe to see if the pattern holds :) Linked my pattern identification if there are any discrepancies regarding the pattern and its validity.
Simple cup and handle observation, this is a bullish reversal chart pattern. 1H chart. Handle has already formed and is looking to push upwards. Currently sitting however at a strong horizontal resistance.
A bearish symmetrical triangle has formed, this may lead to a breakdown to 78B before new highs can be established, symmetrical triangles can be both bearish and bullish depending on the first impulse wave up or down, in this case the impulse wave is down.
No it's not bitcoin
This is the capitalization of the cryptocurrency market and the chart is very similar to Bitcoin.
Last time, I drew a fall on this chart, and surprisingly, capitalization indicated bitcoin's fall faster
Here's the way the previous chart:
Most concerned about the 8 moving crossed 200EMA
this is not a good sign, or rather for someone like)
Market manipulation is evident and it is clear that to take BTC to the moon you need to shut down the whales out there. Investors know that, and now they know how to take down those nasty whales swimming around on top exchanges.
Even with BTC over $6,400 and being up more than 75% since January 2019, we have not seen any major bullish move by the rest of the CryptoCurrencies.
The question is if correlation between Bitcoin and Altcoins are going to fade, or not!
In major crypto exchanges still the main currency is Bitcoin.
RIOT Blockchain just announced the beta development its own private Bitcoin Mining Pool.
Riot Blockchain is focused on building, supporting, and operating Blockchain technologies, primarily through its cryptocurrency mining operations and other internally developed businesses, as well as through potential joint ventures, acquisitions, and targeted investments in...
BitTorrent is a file-sharing platform with over 100 million active users spread across the world.
BitTorrent is going to move operations to Tron’s San Francisco base. This location was set up to ensure the global expansion of Tron network. The office is dedicated to providing robust support for Tron’s worldwide business developments including partnerships.
Just...
We like the part: Fintech services to financial markets --> Tokenization of these asset classes, including already issued Real Estate Investment Trusts (REITs) and Asset-backed Securities (ABS) will be tokenized and traded on regulated digital asset exchanges.
And just after a good consolidation since last month and today about to break the Kumo, Neutral going...
