Hotspot
Helium reaches $1.2 billionWhat do you get when you cross blockchain, cryptocurrency, and a team of highly skilled developers? In Helium’s case, you get a $1.2 billion valuation.
Founded in 2013 by co-founders including Shawn Fanning of Napster fame, Helium began as an Internet of Things company with the aim of connecting low-powered devices without WiFi or Bluetooth.
The company successfully leveraged the growing popularity of Internet of Things devices to offer products and services of growing complexity. One of Helium’s earliest innovations was a smart sensor for refrigerators, but the company has grown in ambition since then.
Using blockchain technology, Helium launched a product called Hotspot in 2019.
Coinciding with its $15 million funding round, the launch of Hotspot was a significant moment for Helium, which still had aspirations of connecting millions of low-powered devices.
#bitcoin - New Monthly Pivot ResistanceBitcoin bounced off the key-level support and Quarterly Pivot forming the final horizontal for the rather bearish descending triangle and this happened with rising bullish volume. At the moment it is again (as we already experienced many times during this consolidation) stuck at September´s Monthly Pivot, which is roughly $300 lower than August´s due to the bearish tendency. A today´s close above this level today would very likely push us up to the marked Hot Spot area, where we will find us again at significant decision pressure. So, for now, $11.3k would be the goal to reach. Please don´t forget that this a pattern with better bearish odds, this does not necessarily mean that Bitcoin cannot break this upwards and surprise us. I personally would consider a failure to overcome P-M as bearish. The range for this is another 1-3 days until it becomes ugly.
As usual, I have labeled important price values.
Trade safe set stops.
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Gold's getting close to a hot spot!HEY TRADERS!!
Well well well on a weekly chart we can see inside bars so fakey may be coming next. We have only one session to produce that weekly fakey tomorrow.
So in short we have 2 options:
Either we bounce from gold fibo(618) tomorrow or we will drop lower to 1172 area to hit a hot spot (786 fibo +monthly TL). If we bounce again from that monthly TL we could also see possible Double Bottom to be created.
What are your thoughts traders?
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HAPPY TRADING!
GBPUSD, DAILY (with Hotspot & Length of Bearish)MAY 27.2015. Although it's bearish, but wait until 10 bars to see the 1st trend. Length of Bearish = 20 bars (approximate). Unless we want to take the risk.
From 1 to 20 bars in details:
1st -> 10th bars = 1st trend
11th -> 12th bars = Open Position following 1st trend (cut loss/ hit stop loss)
12th -> 13th bars = 2nd trend
14h -> 20th bars = Open Position following 2nd trend
20th > more = might be following 2nd trend, reverse or sideways.
EURUSD,DAILY (with Hotspot & Length of Bearish)MAY 26.2015. Wait until 8 bars to see the 1st trend. Length of Bearish = 16 bars (approximate).
From 1 to 16 bars in details:
1st -> 8th bars = 1st trend
9th -> 10th bars = Open Position following 1st trend (cut loss/ hit stop loss)
10th -> 11th bars = 2nd trend
12th -> 18th bars = Open Position following 2nd trend
18th > more = might be following 2nd trend.
GBPUSD,DAILY (with Hotspot & Length of Bearish)MAY 26.2015. Wait until 7 bars to see the 1st trend. Length of Bearish = 15 bars (approximate).
From 1 to 15 bars in details:
1st -> 7th bars = 1st trend
8th -> 9th bars = Open Position following 1st trend (cut loss/ hit stop loss)
9th -> 10th bars = 2nd trend
11th -> 15th bars = Open Position following 2nd trend
16th > more = might be following 2nd trend.
EURUSD (with HotSpot)Today EURUSD MAY 25.2015. Wait until 10 bars to see the trend, then AT LEAST, OP until 2 bars. The rest would be reverse or continuing the trend until approximately 5 bars.
EDIT: If until 10 bars EU down, then 2 bars will go down (and if it's not, cut loss) then wait for the trend of the next two bars from the 12th-13th bar, becoming next trend until 2-3 bars more.
Counting trend from one candle to another candle must be applied from "Closed Position".