Hi Viewers!
Just learned that NASDAQ is looking to add bitcoin futures. This is really positive news for all cryptocurrency in 2018. It is positive for STEEM and EOS too. We want to see this on-going trend in the US to add these currencies to traditional exchanges.
Source: https://www.cnbc.com/2018/01/23/nasdaq-looking-into-bitcoin-futures-different-to-rivals-ceo.html
Bitcoin Analysis
In this phase of a market correction, it is usually unclear to me whether it is over with, or if there are more legs down. A situation like this could be a double-bottom formation, or an aggressive V bottom. If the NASDAQ news event really got to pushing the price, I could see a V-bottom being the choice here, but that news event may be far enough in the future not to affect the price over the next couple of weeks.
Just based on what I am seeing, I think BTC may still hit 50k in 2018, especially if we see the NASDAQ add it. ETF's may shortly follow now that there are multiple commodity contracts to exchange bitcoin.
Steem Analysis
Steem, in my view, is not following any prescribed technical pattern, other than it likes to make wedges of indeterminate length (not much of a help.) What I will say about the Steem chart is that it has made adequate retracement to one of the lower buying levels (23.6% level). Generally, this bottom level is a good entry point for many cryptos that are long-term successes, when they do their normal crash after a huge rally.
In other words, very very likely we see a Steem rally this year to break the recent high created. If whales keep the selling pressure on, this may only happen after SMT's get going to some degree mid to later in the year.
Good point to start accumulating Steem here. I am thinking to dollar cost average into a good position over the next 2-3 months.
this could really affect a lot Nasdaq is one of the biggest game players out there
Wonderful analytical post. It will certainly help all steemians. THANKS for the post.
Upvoted & Resteemed.
Hey there. I had a quick question on WYV if you had a moment? I put a little on a while ago on coinexchange and logged in for the first time in a while and still have my coins, however the value is 0$. Is it a dead coin or is it something with coinexchange? Thanks for the help. Cheers
Hey @dabears1987 ... WYV did a transition with their network. Also, coinexchange delisted them.
On coinmarketcap.com they are not listed as trading anymore, but I believe it still might be tradable on https://etherdelta.com/
So what happened is they closed out their individual blockchain, took a snapshot at block 315000 and have enabled people to redeem the new ERC20 Wyvern tokens on the Ethereum blockchain. So they have become an Ethereum token. I still need to go through the process myself to get my ERC20 tokens.
Here is the website that walks you through it: https://redeem.projectwyvern.com/
It's negative that they got delisted, but on the other hand, their new website is amazing and they have a very decent developer doing updates. Last I checked, (maybe a month ago) the project seemed still active and they were pressing forward, but you'd want to check their discord chat to make sure.
To redeem, I think you need the private key that coinexchange has. They might give it out to you somehow if you make an inquiry. I had my WYV in a wallet so I got the private key to do this.
Thanks for your help. I am under the impression I am SOL after reading there "coin removal" rules. Its hard to get them to answer me.
Removals
All coin removals from CoinExchange.io will be advertised in the News section of the website and on Twitter. It is the responsibility of the user to check regularly what coins are set to be delisted.
We will give 30 days notice on all coin removals.
All coins must be removed from customers accounts before the 30 day period is over.
Once we close the wallet no more withdrawals will be possible under any circumstances.
In the case of coins without a working block chain, or with wallet problems that prevent us from sending transactions out we willl have no choice but to simply close the wallet. We will take all steps possible to make sure this does not happen but sometimes is unavoidable unfortunately.
Thanks
Good news all over the community !
Just got to know about the listing if Steem in another exchange !
Steeem on !
just sent some btc to binance to get me some NEO and STEEM, that i will power up, looking for great projects with passive income earnings like those.....just throwing ideas for your next blogs @crypto-investor ;) , great to read you again, much appreciated analysis, thank you
steem may be in a downtrend but listening to the latest news suggest that smt's are coming shortly this could really give boost and thanks for sharing about the Nasdaq update
Yeah!
bitcoin is one of the biggest opportunities since the invention of the internet itself.... great times to be around....
i am waiting to see bitcoin hit 50k . . . . . .
Hey @crypto-investor ,
interesting news ! Thanks for sharing them with us!
what a wonderful news for crypto market big news and would love to see steem going to make new highs soon :)
wow if it will hit that target everyone will be so happy $50K bitcoin prices will be insane