The Daily Dood - Monday, 2-19-18

in bitcoin •  2 years ago  (edited)

The Daily Dood for 2- 19 -18

Today's bitcoin high was about $11,548 USD on BitFinex

Bitcoin is looking very bullish! Looks like were consolidating a bit right at the line of resistance that I mentioned yesterday. If we can break through resistance around $11,600 USD it looks like a nice run to around $12,800 before we meet any additional noteworthy resistance. If we should bounce off resistance it will likely retrace to the next level of support around $11,222 support and if that doesn't hold I'd expect support to hold arond $10,923 USD.

Bitcoin market cap at the time of this writing was about $193,864,188,355. Bitcoin dominance is currently 38.27% and rising.
bitfinex-btcusd-Feb-20-2018-1-4-51.png

The altcoin market cap is currently above $506,000,000,000. The top ten coins by market cap are bitcoin, ethereum, ripple, bitcoin cash, litecoin, cardano, neo, stellar, eos, and dash.

Today's Headlines

Wyoming Introduces New Bill To Exempt Crypto From Property Taxation https://cointelegraph.com/news/wyoming-introduces-new-bill-to-exempt-crypto-from-property-taxation

Who Said What About Coinbase and Visa's User Payment Dispute https://www.coindesk.com/said-coinbase-visas-user-payment-dispute/

Satoshi’s Vision? Bitcoin Cash Gets It Wrong, Says Max Keiser http://bitcoinist.com/bitcoin-cash-wrong-max-keiser/

Polish Central Bank Paid Multiple YouTubers to Discredit Cryptocurrencies https://themerkle.com/polish-central-bank-paid-multiple-youtubers-to-discredit-cryptocurrencies/

Don’t believe the hype. The five largest “ICO exit scams”: Expert Take https://cointelegraph.com/news/dont-believe-the-hype-the-five-largest-ico-exit-scams-expert-take

Cryptocurrency Market Stabilizes at $500 Billion, While Bitcoin Maintains at $11,000 Level https://www.coinspeaker.com/2018/02/19/cryptocurrency-market-stabilizes-500-billion-bitcoin-maintains-11000-level/

Israeli Tax Authority Outlines Tax Guidelines for Digital Currencies https://www.newsbtc.com/2018/02/19/israeli-tax-authority-outlines-tax-guidelines-for-digital-currencies/

Spain Mulls Tax Breaks for Blockchain and Crypto Firms https://news.bitcoin.com/spain-mulls-tax-breaks-for-blockchain-and-crypto-firms/

Open Source Community KDE Receives $200,000 in Bitcoin from The Pineapple fund https://www.ccn.com/open-source-community-receives-200000-from-the-pineapple-fund/

Liberland: A Newly Formed “Nation” Running On Cryptocurrency https://www.newsbtc.com/2018/02/20/liberland-a-newly-formed-nation-that-accepts-cryptocurrencies/

Youtube, Podcasts, Media

Tweet of The Day

Simplicity must be the core of your investment process.

Remove all of the noise and focus on the substance.

Crypto de' Medici cryptodemedici February 18, 2018

STEEMIT

Weekly Steem Stats Report - Monday, February 19, 2018 — Via @penguinpablo Steemit https://steemit.com/steemit/@penguinpablo/weekly-steem-stats-report-monday-february-19-2018

Elliott Management, a $34 billion hedge fund, described cryptocurrencies as 'one of the most brilliant scams in history' in a brutal takedown. —Via @jignesh55227 Steemit https://steemit.com/cryptocurrencynews/@jignesh55227/elliott-management-a-usd34-billion-hedge-fund-described-cryptocurrencies-as-one-of-the-most-brilliant-scams-in-history-in-a

I'd Like to Get Rich from Crypto ... but.... — Via @captainvapoor Steemit https://steemit.com/crypto/@captainvapoor/i-d-like-to-get-rich-from-crypto-but

Links

How To Become A Blockchain Developer: Crash Course!
https://blockgeeks.com/guides/blockchain-developer/

H.R.3708 - To amend the Internal Revenue Code of 1986 to exclude from gross income de minimis gains from certain sales or exchanges of virtual currency, and for other purposes.
https://www.congress.gov/bill/115th-congress/house-bill/3708

Music and cryptocurrency commentary http://radiocrypto.com/

So many people ask me about TA or technical analysis and where to start. Tone Vays just put together a real great educational page covering the basics of TA. http://www.libertylifetrail.com/education/learntrading/

It's looking like Binance is taking on new traders again. Sign up while you can, and find out why over 3,000,000 active cryptocurrency traders call Binance home!
https://www.binance.com/?ref=11560333

The End

The Daily Dood is a review of my daily Twitter feed and some of the interesting articles I find here on Steemit. If you're on Twitter hope you decide to join me here:

https://twitter.com/BitcoinDood

That's it for todays edition of The Daily Dood. If you found the information in this post useful I hope you decide to follow for the daily headlines and events happening in the altcoin & cryptocurrency space. Nothing here is meant as investment or financial advice. Please seek a duly licensed professional for investment advice, not some guy on the internets who refers to himself as The Dood. Thanks for reading and happy trading!

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nice daily, duude!

Thanks hope you're enjoying it :)

Glad to hear it broke 10.5-11.3 range existed during past few days. As BTC and Ethereum are considered to be the base, hope value of SBD and STEEM will be impacted in a good way.
Thanks for updates buddy

Thanks for being a regular reader. Looking really strong. Price is climbing slow and steady which is good for long term. Looks like I've got a little resistance around $11,981. Hopefully we break through and keep climbing. I need to start charting steem and sbd , might be something to add in the future.

Thanks for appreciation.
Yeah hopefully it'll keep climbing. :)

wow dood, your daily dood's are great.

✮✮✮✮✮ 5 Stars

Keep up the great work. 😉

Thanks! Glad you're enjoying them. Thanks for the resteems too. Much appreciated :)

my favorite post is that where are information about bitcoin. that post is very helpful for every steemain. thanks for share your valuable content.

Thanks, hope you found it useful.

Thanks for sharing you Daily Analysis :)

yeah, the price is going up, if it resists for some time, chances to go up are high.