Greetings Investors,
Rolland has really been busy providing insights this week. He currently provides the bulk of TIMM’s non-crypto analysis, so it’s helping provide some balance. TIMM has naturally attracted crypto analysts, but that’s not our focus by design. The goal is to have a well rounded range of investment and trading analysis in every sector. We always have room for more good analysts, so let us know if you’re interested. You can learn more about what we’re looking for in our announcement on Trybe’s new Job Board.
When you check out the crypto market cap, do you take for granted that the figures are accurate and legitimate. Trybe’s Matt shares some insights into how and why this isn’t so. In fact, many exchanges engage in what’s called “wash trading” (fake volume), creating deceptive data. You won’t want to miss his video on the Trybe TV YouTube channel.
One good article that accidentally got skipped in today’s lineup deserves consideration. How is your precious metals investing going. Bit Brain offers some thoughts on platinum in his article, “Time to buy Platinum?” It’s not for everyone, but it is worth considering. Check out some of TIMM’s recent content below.
__________________________________________________________________________________________
The short to medium term projections make sense because it’s going to take time and capital to establish relationships with the other carriers. Until then, investors have to take a wait and see approach, at least until price gets to the monthly demand at $62.
__________________________________________________________________________________________
In Elliott Wave terms, Enjin Coin began a wave one advance in November 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in August 2018.
__________________________________________________________________________________________
Kraft Heinz Co shares fell to their record low after the food giant announced a multi-billion dollar write-down due to eroding value of its Kraft and Oscar Mayer products during their earnings announcement on Thursday.
__________________________________________________________________________________________
Banks will absolutely not use their blockchains to decentralise wealth creation. You will never be able to mine or stake their blockchain currencies. You probably won’t even have access to them.
__________________________________________________________________________________________
We definitely want to see bitcoin remain above 3,550 with that being the most prior low. Higher lows is conducive to positive price action and the opportunity to make a higher high.
__________________________________________________________________________________________
We have now taken back 3 months worth of price action, in ONE Week. This is very good news and the next thing we want to see is this weekly candle close strong tomorrow over the most recent high. After the 2018 bear we finally have some movement here.
__________________________________________________________________________________________
The Dow Jones Industrial Average DJIA rose 181 points on Friday, making it the ninth straight weekly gain for the Dow and the first time since 1964 that the DOW rose in the first 8 weeks of a calendar year.
__________________________________________________________________________________________
The past week or so in crypto has pumped some life back into the space. The “animal spirits” as investors say are alive and kicking. The question is will we see any follow through?
__________________________________________________________________________________________
This week in crypto was as frenetic as usual. Samsung threw the crypto dog a nice juicy bone with an integrated hardware wallet on its next generation of phones. EOS poked its head above the parapet. Market sentiment turned vaguely optimistic (let’s respect the trend for now). Picked up an extended reading list from Jim O Shaughnessy. Waded through an argument that BTC security may have long-term security limitations (I disagree but there you have it). Enjoyed a short podcast discussing the Korean crypto scene…
__________________________________________________________________________________________
In my opinion, I doubt BITCOIN is going to be able to cross this resistance line (Secondary) in this current rise. Mainly, because I think everybody can clearly identify this seems to be the completion of the 5th wave up and being the 1st wave so strong and the 3rd so “regular” and short, it would be weird to see an extensive 5th right now…
__________________________________________________________________________________________
Thanks for reading!
Uniting analysts and investors for mutual profit!
