Coin Sheet - September 1, 2017


QUOTE OF THE DAY

The coward only threatens when he is safe.” 

—Johann Wolfgang von Goethe


COIN BULLETIN

Bitcoin Set Anoth...(do I even have to say it?)

Again, no big deal. Everything seems to be on track. The interesting question is whether or not we will have a short pull back sometime in the next 1-2 days.

Remember, Goldman Sachs' chart analyst Sheba Jafari set a Bitcoin price target of $4,827 and said that once Bitcoin hits that level, she estimates it could drop as far as $2,221. What does this mean? This means you want to see a daily candle close above ~$4,830 or so (unless you don't want Bitcoin to keep going up).

I still think we will break $5,000 before September 11. After that...it's up in the air. We could see the beginning of a correction...or we could see the momentum carry it to ~$7,500 (like Max Keiser tweeted).

Want more on Bitcoin? Here's an article from The Merkle about Bitcoin breaking ~$4,800.

Bitcoin Exchange BTC-e Is Back Online

Weeks after seizure, the troubled Bitcoin exchange BTC-e is back online.

You can read more about it here.

Protostarr Token Shuts Down Post-ICO

I have no idea who these dudes are, but the Securities and Exchange Commission does. They saw them rollin' and they most definitely hatin'.

Here's a Forbes article about it.


THINGS I LIKE

More ICO Unicorns

Good article in TechCrunch by Jon Russell titled The first ICO unicorns are here.

You can find his article here.

Coin Offerings Create Financial Risks

China’s National Internet Finance Association said that coin offerings create financial risks. Who knew?

Here's an article from Reuters about it.

Segwit2x – A Dead Agreement From Start

Was Segwit2x a dead agreement from the start? 

Shivam Chawla writes, "during the civil war between the two bitcoin communities, a Segwit2x agreement was signed between Chinese bitcoin miners and bitcoin companies that was meant to avoid a potential hardfork in the bitcoin blockchain. But since the agreement was so rushed and not planned properly, it was an dead agreement from start."

You can find his article here.


MARKET SENTIMENT

Technical Signals

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My Current Sentiment: Bullish

 

Daily Number Indicator

This is a number indicator is used for identifying trends, measuring momentum and spotting areas of price exhaustion. Read more here.

This is a number indicator is used for identifying trends, measuring momentum and spotting areas of price exhaustion. Read more here.

This indicator is telling you to start considering taking profits.


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