Sunday, June 23, 2019

Ethereum Price Prediction: Long-term (ETH) Value Forecast – June 22

ETH/USD Long-term Trend: Ranging
·         Resistance Levels: $300, $320, $340
·         Support Levels: $280, $260, $240

The ETH/USD pair is now in a bullish trend. In the last one month, the price of Ethereum had been trading between the levels of $220 and $280. The bulls had made several attempts to break out this range but to no avail. On June 21, the bulls broke the $280 upper price range and reached the previous high of $315 price level.

The 12-day EMA and the 26-day EMA are trending  northward indicating an uptrend. A trend line has been drawn to determine the duration of the bullish trend. If a bullish trend is ongoing, the candlestick will test the trend line and make an upward move to the previous highs or new highs.

eETH/USD pair is still in a bullish trend. However, if price breaks the trend line and another candlestick closes on the opposite of it; the bullish trend is said to be terminated. The ETH price is expected to reach a high of $340 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

The views and opinions expressed here do not reflect that of and do not constitute financial advice. Always do your own research.

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Friday, June 21, 2019

The problems of rich people

 What are the dark sides of being financially well off that people overlook?

I’ve met a few mega-rich people in my time. Not one of them was happy. The best example was a guy I knew in Chicago. Worth about half a billion bucks, he had the penthouse suite in the apartment block in Chicago which he owned and a huge house on the water’s edge in Miami. Each location had a Porsche, a Mercedes and a super muscle car in its garage. Winters were spent in Miami, summers in Chicago. At the Miami house, the boat ramp had a 40 foot fast craft and a few water bikes.

He was built on my lines, short, stocky, a few years younger than I but going bald. When I went out to lunch with him one day, he expressed his deep worries and decisions to be made:

He was always upset at having missed a couple of deals that would have made him another $80M. I asked him what he would do with that money that he couldn’t do now and he was confused by the question;

He was worrying about whether he should get hair transplants;

He was worried that the Playboy models and centrefolds who came to stay at his house and share his bed were really attracted to him or his money; I was there when a couple of these women were there and I saw no signs that they particularly liked him, so he may have had a point;

He was equally worried that the sports superstars who were his friends really liked him or were they laughing behind their backs at his short stature;

What are the dark sides of being financially well off that people overlook?

Perfect Money/Payeer/Epay/Neteller/Skrill:

Do the United States have the right to attack other countries?

What gives America the right to invade foreign nations, and change their governments? Should this be allowed?

Dude, I thought we settled the question 2,400 years ago, during the Peloponnesian wars: “we shall not trouble you with specious pretenses … since you know as well as we do that right, as the world goes, is only in question between equals in power, while the strong do what they can and the weak suffer what they must.”

According to Thucydides, that is what a certain Democratic Empire, Athens, told the citizens of another state in response to their refusal to support Athenian “interests” in the region. Shortly after, Athenian soldiers invaded Melos, massacred countless innocent men and sold their wives and children into slavery.

Your mistake here is the attention paid to post-hoc explanations which invoke imaginary “rights” to justify brutal invasions or subjugation of weaker peoples. America is strong. That’s the end of it.

And like all Empires, America is more than happy to crush anyone who challenges its power. And the goodies the position of strength affords those in power to keep citizens relatively satisfied. At least enough that they will not revolt. As always, there is no shortage of philosophers to justify the endeavor and politicians to sucker the public into supporting war.

It’s really quite simple. Politics is about power. In order to stay in power, one must make certain sacrifices. A war will do wonderful things to shore up the support of those you need to stay in power, whether they be private business interests or just a good old leech on the misguided patriotism of the masses. When an invasion can help the big guy remain in power, or otherwise promote his influence (or at least gives him good reason to think it will) we go to war. Sometimes, it doesn’t even blow up in our faces. At least not yet. Think about Germany, Japan and South-Korea. More often, it’s the same spectacle of immoral barbarity Empires have always engaged in. Iraq, the Gulf, Vietnam, Latin America and coming to a place near you: Iran.

Of course, when the big guy has no reason to think that a war will serve his power, we are principled isolationists. We can even stand by, refrain from the urge to spread Democracy and Freedom, as 800,000 people are slaughtered in the span of a few weeks.

Perfect Money/Payeer/Epay/Neteller/Skrill:

Thursday, June 20, 2019

Bitcoin Price Prediction Today: Daily (BTC) Value Forecast – June 20

BTC/USD Medium-term Trend: Bullish
·         Resistance Levels: $9,000, $9,200, $9,400
·         Support levels: $8,800, $8,600, $8, 400

Yesterday, June 19, the BTC price was in the bullish trend zone. The hurdle to jump over is the $9,400 overhead resistance. The bulls have been battling to jump over the $9,400 resistance since June 17. Today, the BTC price was trading at $9,277 as at the time of writing. The crypto is trading and ranging below the overhead resistance levels.

From the Fibonacci retracement level, the market is trading above the 0.236 and 0.382 Fib. retracement levels. These are continuation zones for a trending market. The BTC coin is expected to break the $9,400 resistance level. On the upside, the bulls will overcome the $9,400 resistance, if more buyers are introduced at the upper price levels. Meanwhile, the MACD line and the signal line are above the zero line which indicates is a buy signal.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in a bullish trend. From the chart, the bulls have tested the  $9,400 resistance level on more than three occasions . Three attempts had been made to break the overhead resistance but to no avail.

On the upside, if the bulls break $9,400 overhead resistance, the crypto’s price will reach the $10,000 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates is a buy signal.

The views and opinions expressed here do not reflect that of and do not constitute financial advice. Always do your own research

Tuesday, June 18, 2019

Premier African Minerals - a weak stock

Premier African Minerals shares (LSE:PREM) is a weak stock and it can remain so for a long time. The market has been forming a series of lower highs and lower lows for the past several months, proffering sellers with ample opportunities to go short at better prices.

4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left part of the chart.

All the EMAs are sloping downwards and, price, though choppy, is below the EMA 10. This shows a strong “sell” signal.

Further lower highs and lower lows are expected in the market within the next several months. You may want to take rally attempts on PREM as short-selling opportunities.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Trading realities: Trading realities