Cryptocurrency - 9 months ago

Predict the Closing Price: Best Prediction Wins One (1) Ethereum Coin

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GRAND PRIZE: 1 Ethereum Coin

If there are ties, a random drawing will determine the winner.

Remaining ties will receive a $50 Amazon gift card as a consolation prize.

WINNER: Michael Bowman (Rank #1)

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THE CROWD’S LINE EXPECTING A RALLY FOR ETHEREUM INTO FRIDAY’S 5PM CLOSE

THURSDAY, MARCH 8TH as of 8AM EST 

SUMMARY OF THE CROWD’S LINE FAIR VALUE FOR ETHEREUM vs. LAST PRICE

Screen Shot 2018-03-08 at 9.25.53 AM
 
HOW TO USE THE CROWD’S FAIR VALUE PREDICTION FORECAST:
The summary of the Crowd’s Fair Value vs. Last Price uses the data collected, by crowd sourcing data predictions, to create a tool to identify a valuation difference in the marketplace. 
 
EXPLANATION OF THE PREMIUM/DISCOUNT SIGNALS:
DISCOUNT SIGNAL occurs when The Crowd’s prediction is a higher price vs. last price of the cryptocurrency
PREMIUM SIGNAL occurs when The Crowd’s prediction is a lower price vs. last price of the cryptocurrency. 
 
 

THE CRYPTOCURRENCY CROWD’S PREDICTION CHALLENGE UPDATE

*ALL MAJOR CRYPTOCURRENCIES TRADE LOWER OVERNIGHT AMID U.S., JAPAN REGULATORY CLAMPDOWN CONCERNS
 
*THE CROWD’S LINE EXPECTING A RALLY IN THE PRICE OF ETHEREUM INTO FRIDAY’S 5PM CLOSE
 
*THE CROWD’S LINE IS PREDICTING $864 AS THE 5PM CLOSING PRICE ON NEXT FRIDAY
 

8AM CRYPTOCURRENCY TRADING SUMMARY

Screen Shot 2018-03-08 at 9.26.06 AM
 

TODAY’S CRYPTOCURRENCY NEWS HEADLINES

*BITCOIN BACK BELOW $10,000 LEVEL
*BINANCE TEMPORARILY SUSPENDED WITHDRAWALS ON THEIR EXCHANGE DUE TO A SUSPECTED TRADING BOT (ROBOT) HACK
*MORGAN STANLEY CRYPTO STRATEGY MOVES FORWARD: Morgan Stanley is looking to staff up its stock-research unit with crypto talent in the form of equity analyst.  Equity analysts study the fundamentals of companies in a given sector and then create research, which clients can use to help inform investment decisions.  Morgan seems keen on leveraging its existing equity research platform to highlight any influence the crypto industry may have on the bottom line of publically traded companies.
 

CRYPTOCURRENCY TECHNICALS 

  • TECHNICAL NEAR-TERM TARGET:  Now the bitcoin failed at the 50-DAY-MOVING-AVERAGE of $11,450.  This will now act as a new level of resistance with heavier resistance at the $12,700.   
  • BITCOIN DOWNSIDE SUPPORT: Downside technical support a 9,800 level.

LAUNCHING OUR 2nd WEEKLY CRYPTOCURRENCY CHALLENGE

WEDNESDAY, MARCH 7TH as of 8AM EST

 

 

THE CROWD’S LINE EXPECTING A 10% RALLY FOR ETHEREUM INTO FRIDAY’S 5PM CLOSE

ALL PRICE PREDICTIONS NEED TO BE SUBMITTED BY 5PM TODAY
Screen Shot 2018-03-07 at 10.27.45 AM
 
HOW TO USE THE CROWD’S FAIR VALUE PREDICTION FORECAST:
The summary of the Crowd’s Fair Value vs. Last Price uses the data collected, by crowd sourcing data predictions, to create a tool to identify a valuation difference in the marketplace.
 
EXPLANATION OF THE PREMIUM/DISCOUNT SIGNALS:
A DISCOUNT SIGNAL occurs when The Crowd’s prediction is a higher price vs. last price of the cryptocurrency
A PREMIUM SIGNAL occurs when The Crowd’s prediction is a lower price vs. last price of the cryptocurrency. 
 

THE CRYPTOCURRENCY CROWD’S PREDICTION CHALLENGE UPDATE

*ALL MAJOR CRYPTOCURRENCIES TRADE LOWER OVERNIGHT ON CONCERNS THAT THE SOUTH KOREAN GOVERNMENT MAY SHUTDOWN CRYPTO EXCHANGES – there has been no confirmation of this market chatter.
 
*THE CROWD’S LINE EXPECTING A RALLY IN THE PRICE OF ETHEREUM INTO FRIDAY’S 5PM CLOSE
 
*THE CROWD’S LINE IS PREDICTING $873.43 AS THE 5PM CLOSING PRICE ON NEXT FRIDAY
 
*COINBASE LOOKING FOR GROWTH: Coinbase may be setting the stage for M&A or bolt on acquisitions.  The Cryptocurrency trading platform poached a top dealmaker from LinkedIn as it seeks to make bigger acquisitions, a move that could spark consolidation in the cryptocurrency industry.
 
 
7AM CRYPTOCURRENCY TRADING SUMMARY:
Screen Shot 2018-03-07 at 10.27.54 AM 
 

TODAY’S CRYPTOCURRENCY NEWS HEADLINES

*BITCOIN FALLS BACK BELOW $11,000 LEVEL
 
*BITCOIN INVESTMENT TRUST CREATOR TO LAUNCH CRYPTO BASKET PRODUCT:  The offering is designed to give investors exposure to the five largest cryptocurrencies based on market capitalization.  CTV, ETH, XRP, BCH and LTC.  The market cap weighted product is expected to be rebalanced quarterly. 
 
*MORGAN STANLEY CRYPTO STRATEGY MOVES FORWARD:  Morgan Stanley is looking to staff up its stock-research unit with crypto talent in the form of equity analyst.  Equity analysts study the fundamentals of companies in a given sector and then create research, which clients can use to help inform investment decisions.  Morgan seems keen on leveraging its existing equity research platform to highlight any influence the crypto industry may have on the bottom line of publicly traded companies.
 
 

CRYPTOCURRENCY TECHNICALS

  • TECHNICAL NEAR-TERM TARGET:  Now the bitcoin failed at the 50-DAY-MOVING-AVERAGE of $11,450.  This will now act as a new level of resistance with heavier resistance at the $12,700.   
  • BITCOIN DOWNSIDE SUPPORT: Downside technical support for Bitcoin is $10,000.  Minor support a 9,800 level.

 


 

LAUNCHING OUR 2nd WEEKLY CRYPTOCURRENCY CHALLENGE

TUESDAY, MARCH 6TH as of 8AM EST

 

THE CROWD’S LINE ETHEREUM PRICE PREDICTION IS WITHIN CLOSE RANGE TO ETHEREUM’S LAST PRICE

HOW TO USE THE CROWD’S FAIR VALUE PREDICTION FORECAST:
The summary of the Crowd’s Fair Value vs. Last Price uses the data collected, by crowd sourcing data predictions, to create a tool to identify a valuation difference in the marketplace.

EXPLANATION OF THE PREMIUM/DISCOUNT SIGNALS:
A DISCOUNT SIGNAL occurs when The Crowd’s prediction is a higher price vs. last price of the cryptocurrency
A PREMIUM SIGNAL occurs when The Crowd’s prediction is a lower price vs. last price of the cryptocurrency.

THE CRYPTOCURRENCY CROWD’S PREDICTION CHALLENGE UPDATE

* PREDICTIONS FOR THE CROWD’S LINE CRYPTO PRICE CHALLENGE MUST BE IN BY WEDNESDAY MARCH 7th

*THE CROWD’S LINE STILL EXPECTING A MOSTLY SIDEWAYS MOVE IN THE PRICE OF ETHEREUM

* THE CROWD’S LINE IS PREDICTING $877.73 FOR THE 5PM CLOSING PRICE ON NEXT FRIDAY

* IT WILL BE INTERESTING TO SEE HOW THE CROWD’S LINE PREDICTION CHANGES FOLLOWING THE STRONG RALLY IN THE PRICE OF BITCOIN

8AM CROWD’S CRYPTOCURRENCY PREDICTION CHALLENGE UPDATE

TODAY’S CRYPTOCURRENCY NEWS HEADLINES

* BITCOIN SURGES YESTERDAY BUT FAILS TO REMAIN FIRMLY ABOVE THE 50-DAY-MOVING-AVERAGE

* COINBASE LOOKING FOR GROWTH: Coinbase may be setting the stage for M&A or bolt on acquisitions.  The Cryptocurrency trading platform poached a top dealmaker from LinkedIn as it seeks to make bigger acquisitions, a move that could spark consolidation in the cryptocurrency industry.

CRYPTOCURRENCY TECHNICALS

  • TECHNICAL NEAR-TERM TARGET:  Now the bitcoin has successfully broken the upward sloping channel busting through the $11,200.  The strong price performance may trigger new buyers as was seen late last year when the price crossed this level.  The new target is now $12,700 which may pose the next level of major resistance.
  • BITCOIN DOWNSIDE SUPPORT: Downside technical support for Bitcoin is $10,000.  Minor support at $11,100.

LAUNCHING OUR 2nd WEEKLY CRYPTOCURRENCY CHALLENGE

MONDAY, MARCH 5TH as of 8AM EST

 

THE CROWD’S LINE STILL EXPECTING A MOSTLY SIDEWAYS MOVE IN THE PRICE OF ETHEREUM THIS WEEK

Screen Shot 2018-03-05 at 11.00.12 AM

HOW TO USE THE CROWD’S FAIR VALUE PREDICTION FORECAST:
The summary of the Crowd’s Fair Value vs. Last Price uses the data collected, by crowd sourcing data predictions, to create a tool to identify a valuation difference in the marketplace.

EXPLANATION OF THE PREMIUM/DISCOUNT SIGNALS:
A DISCOUNT SIGNAL occurs when The Crowd’s prediction is a higher price vs. last price of the cryptocurrency
A PREMIUM SIGNAL occurs when The Crowd’s prediction is a lower price vs. last price of the cryptocurrency.

THE CRYPTOCURRENCY CROWD’S PREDICTION CHALLENGE UPDATE

* ETHEREUM’S PRICE EDGES CLOSER TO THE CROWD’S PREDICTION
* THE CROWD’S PRICE PREDICTION MOSTLY UNCHANGED OVER THE WEEKEND

8AM CROWD’S CRYPTOCURRENCY PREDICTION CHALLENGE UPDATE

Screen Shot 2018-03-05 at 11.00.20 AM

TODAY’S CRYPTOCURRENCY NEWS HEADLINES

* BITCOIN SURGES THROUGH $11,200 RESISTANCE LEVEL; NEARS $11,600 LEVEL

* CRYPTOCURRENCIES MOSTLY TRADING HIGHER THIS MORNING

* FORBES MAGAZINE SAYS (IN REPSECT TO BITCOIN’S RALLY), “IS THIS COMBACK FOR REAL? HARD TO SAY, AS THERE ARE HARDLY ANY “FUNDAMENTALS” TO JUDGE WHETHER BITCOIN IS UNDERVALUED OR OVERVALUED AT THESE LEVELS.”  – That is to say, unless you have a methodology to evaluate THE CROWD’S view of it’s FAIR VALUE.

CRYPTOCURRENCY TECHNICALS

  • TECHNICAL NEAR-TERM TARGET:  Now the bitcoin has successfully broken the upward sloping channel busting through the $11,200.  The strong price performance may trigger new buyers as was seen late last year when the price crossed this level.  The new target is now $12,700 which may pose the next level of major resistance.
  • BITCOIN DOWNSIDE SUPPORT: Downside technical support for Bitcoin is $10,000.  Minor support at $11,100.

 

 


 

LAUNCHING OUR 2nd WEEKLY CRYPTOCURRENCY CHALLENGE

SATURDAY, MARCH 3rd as of 10AM EST
 

THE CROWD’S LINE STILL EXPECTING A MOSTLY SIDEWAYS MOVE IN THE PRICE OF ETHEREUM THIS WEEK

Screen Shot 2018-03-03 at 11.59.07 AM
 
HOW TO USE THE CROWD’S FAIR VALUE PREDICTION FORECAST:
The summary of the Crowd’s Fair Value vs. Last Price uses the data collected, by crowd sourcing data predictions, to create a tool to identify a valuation difference in the marketplace.
 
EXPLANATION OF THE PREMIUM/DISCOUNT SIGNALS:
DISCOUNT SIGNAL occurs when The Crowd’s prediction is a higher price vs. last price of the cryptocurrency
PREMIUM SIGNAL occurs when The Crowd’s prediction is a lower price vs. last price of the cryptocurrency. 
 
 
 

THE CROWD’S CRYPTOCURRENCY PREDICTION CHALLENGE UPDATE

* THE CROWD’S LINE STILL EXPECTING A MOSTLY SIDEWAYS MOVE IN THE PRICE OF ETHEREUM

* THE CROWD’S LINE IS PREDICTING $877.67 AS THE 5PM CLOSING PRICE ON NEXT FRIDAY

* IT WILL BE INTERESTING TO SEE HOW THE CROWD’S LINE PREDICTION CHANGES FOLLOWING THE STRONG RALLY IN THE PRICE OF BITCOIN

 
 

10AM CRYPTOCURRENCY TRADING SUMMARY 

Screen Shot 2018-03-03 at 12.04.54 PM 
 
 

TODAY’S CRYPTOCURRENCY NEWS HEADLINES

BITCOIN SURGES THROUGH $11,200 RESISTANCE LEVEL IN EARLY WEEKEND TRADING
FORBES MAGAZINE SAYS (IN RESPECT TO BITCOIN’S RALLY), “IS THIS COMEBACK FOR REAL? HARD TO SAY, AS THERE ARE HARDLY ANY “FUNDAMENTALS” TO JUDGE WHETHER BITCOIN IS UNDERVALUED OR OVERVALUED AT THESE LEVELS.”  – That is to say, unless you have a methodology to evaluate THE CROWD’S view of it’s FAIR VALUE.
 
 
 

CRYPTOCURRENCY TECHNICALS

  • TECHNICAL NEAR-TERM TARGET:  Now the bitcoin has successfully broken the upward sloping channel busting through the $11,200.  The strong price performance may trigger new buyers as was seen late last year when the price crossed this level.  The new target is now $12,700 which may pose the next level of major resistance.
  • BITCOIN DOWNSIDE SUPPORT: Downside technical support for Bitcoin is $10,000.  Minor support at $11,100.


LAUNCHING OUR 2nd WEEKLY CRYPTOCURRENCY CHALLENGE

FRIDAY, MARCH 2ND as of 8AM EST

AT THE MOMENT, THE CROWD IS STILL PREDICTING A SIDEWAYS MOVE FOR THE PRICE OF ETHEREUM

Screen Shot 2018-03-02 at 8.52.34 AM

How to use The Crowd’s Price Target Forecast: The summary of the Crowd’s Fair Value vs. Last Price uses the data collected by crowd sourcing data predictions to create a tool to identify a valuation difference in the marketplace.  

DISCOUNT SIGNAL is The Crowd’s prediction at a higher price vs. last price of the cryptocurrency.

PREMIUM SIGNAL is The Crowd’s prediction at a lower price vs. last price of the cryptocurrency. 

Screen Shot 2018-03-02 at 9.19.51 AM

TODAY’S CRYPTOCURRENCY NEWS HEADLINES

* BITCOIN  TRADES ABOVE $11,000 RESISTANCE LEVEL OVERNIGHT
* CRYPTOCURRENCIES HOLDING FIRM DESPITE THE VOLATILITY IN THE GLOBAL STOCK MARKETS

 

SUMMARY OF OTHER CRYPTOCURRENCY NEWS STORIES

SEC Sends Wave of Subpoenas to ICOs, Including Overstock’s tZERO

On Wednesday, the Journal report stated that “scores” of subpoenas and information requests were sent out demanding details about the structure of sales and pre-sales of ICOs. While the article specifically mentions that the SEC has declined to comment and cites nebulous anonymous sources, the probes reportedly sought the subpoenas and requests from tech companies and advisers involved in the digital tokens market.

THE CRYPTOCURRENCY TECHNICALS

  • BITCOIN RESISTANCE:  Bitcoin finally fought through the old resistance level of $10,000.  Looking ahead, an upward sloping channel points to $11,800 as a near term target and hence the next level of resistance.  If bitcoin can break that level we could be setting up for a move back to the all-time highs.
  • BITCOIN DOWNSIDE SUPPORT: Downside technical support for Bitcoin is now at the $8,600 level.

 


LAUNCHING OUR 2ND WEEKLY CRYPTOCURRENCY CHALLENGE

WEDNESDAY, FEBRUARY 28TH AS OF 8AM EST

AT THE MOMENT, THE CROWD IS PREDICTING A SIDEWAYS MOVE FOR THE PRICE OF ETHEREUM

Screen Shot 2018-03-01 at 9.20.10 AM

How to use The Crowd’s Price Target Forecast: The summary of the Crowd’s Fair Value vs. Last Price uses the data collected by crowd sourcing data predictions to create a tool to identify a valuation difference in the marketplace.

DISCOUNT SIGNAL is The Crowd’s prediction at a higher price vs. last price of the cryptocurrency.

PREMIUM SIGNAL is The Crowd’s prediction at a lower price vs. last price of the cryptocurrency. 

Screen Shot 2018-03-01 at 9.20.22 AM 

TODAY’S CRYPTOCURRENCY NEWS HEADLINES

*BITCOIN  STILL TRYING TO BREAK THROUGH $11,000 RESISTANCE LEVEL
*RIPPLE OUTPERFORMS PEERS +4% AFTER NEWS OF FLEETCOR PILOT PROGRAM


SUMMARY OF OTHER CRYPTOCURRENCY NEWS STORIES

SQUARE’S CASH APP COULD RUN A BITCOIN EXCHANGE:  An equity analyst at Guggenheim says that Square’s Cash App (ticket SQ) could be used to facilitate consumer-to-merchant bitcoin payments.
IT’S MARCH 1ST; LET’S TALK SEASONALITY TRENDS:  Traders generally respect seasonality trends. As for Cryptocurrency price moves in the month of March, performance data is really limited to only Bitcoin. Historically speaking March has been a down month.  However,  the past 2 years have bucked that trend.  Time will tell.

THE CRYPTOCURRENCY TECHNICALS

  • BITCOIN RESISTANCE:  Bitcoin finally fought through the old resistance level of $10,000.  Looking ahead, an upward sloping channel points to $11,800 as a near term target and hence the next level of resistance.  If bitcoin can break that level we could be setting up for a move back to the all-time highs.
  • BITCOIN DOWNSIDE SUPPORT: Downside technical support for Bitcoin is now at the $8,600 level.

 


LAUNCHING OUR 2nd WEEKLY CRYPTOCURRENCY CHALLENGE

WEDNESDAY, FEBRUARY 28th as of 8AM EST

ETHEREUM PRICE PREDICTIONS SKEWED SLIGHTLY HIGHER

Screen Shot 2018-02-28 at 9.53.35 AM
How to use
 The Crowd’s Price Target Forecast: The summary of the Crowd’s Fair Value vs. Last Price uses the data collected by crowd sourcing data predictions to create a tool to identify a valuation difference in the marketplace.   

DISCOUNT SIGNAL is The Crowd’s prediction at a higher price vs. last price of the cryptocurrency.

PREMIUM SIGNAL is The Crowd’s prediction at a lower price vs. last price of the cryptocurrency.

Screen Shot 2018-02-28 at 9.53.52 AM

TODAY’S CRYPTOCURRENCY NEWS HEADLINES

* BITCOIN HOLDING ABOVE $10,000 SUPPORT

* CRYPTOCURRENCIES WEAKER ACROSS THE BOARD THIS MORNING

SUMMARY OF OTHER CRYPTOCURRENCY NEWS STORIES

WALL STREET CITES BLOCKCHAIN TECHNOLOGY IS A  RISK TO THE PLATFORM: Chase’s annual report, released Tuesday afternoon, the bank counted cryptocurrencies such as Bitcoin and Ethereum as “risk factors” to its business for the first time, recognizing the digital currencies as new forms of competition that could, quite literally, give the bank a run for its money.
GOLDMAN SACHS JOINS THE CRYPTO MARKETPLACE:  After mostly stating that the it was only interested in clearing bitcoin futures for clients, Goldman Sachs appears to be adding execution services as well.  Goldman Sachs-backed cryptocurrency startup Circle has acquired digital token exchange Poloniex, Circle said on Monday, as it aims to cement its position as one of the leading players in the booming market.  Most important is that this event only helps to further legitimizes cryptocurrencies as an investable alternative asset class.
LOCAL GOVERNMENT TAKING A LOOK AT BLOCKCHAIN:   Mayor Jesse Arreguin and councilman Ben Bartlett have teamed up with San-Francisco-based investment startup Neighborly to advance an initiative that would divide municipal bonds into micro-bonds and then sell them as tokens in what they call an “initial community offering.”

THE CRYPTOCURRENCY TECHNICALS

  • BITCOIN RESISTANCE:  Bitcoin finally fought through the old resistance level of $10,000.  Looking ahead, an upward sloping channel points to $11,800 as a near term target and hence the next level of resistance.  If bitcoin can break that level we could be setting up for a move back to the all-time highs.
  • BITCOIN DOWNSIDE SUPPORT: Downside technical support for Bitcoin is now at the $8,600 level.

 

 


 

LAUNCHING OUR 2nd WEEKLY CRYPTOCURRENCY CHALLENGE

TUESDAY, FEBRUARY 27th as of 8AM EST

 

CRYPTOCURRENCIES REBOUND LED BY ETHEREUM

Screen Shot 2018-02-27 at 3.23.15 PM

How to use The Crowd’s Price Target Forecast: The summary of the Crowd’s Fair Value vs. Last Price uses the data collected by crowd sourcing data predictions to create a tool to identify a valuation difference in the marketplace.

DISCOUNT SIGNAL is The Crowd’s prediction at a higher price vs. last price of the cryptocurrency.

PREMIUM SIGNAL is The Crowd’s prediction at a lower price vs. last price of the cryptocurrency. 

Screen Shot 2018-02-27 at 11.25.46 AM

 TODAY’S CRYPTOCURRENCY NEWS HEADLINES

* BITCOIN HOLDING ABOVE $10,000

*THE 2-DAY RALLY CONTINUES ACROSS CRYPTOCURRENCIES

* CRYPTOCURRENCY CROWD CHALLENGE ENDS ON WEDNESDAY, MARCH 7TH

SUMMARY OF OTHER CRYPTOCURRENCY NEWS STORIES

*GOLDMAN SACH JOINS THE CRYPTO MARKETPLACE:  After mostly stating that the it was only interested in clearing bitcoin futures for clients, Goldman Sachs appears to be adding execution services as well.  Goldman Sachs-backed cryptocurrency startup Circle has acquired digital token exchange Poloniex, Circle said on Monday, as it aims to cement its position as one of the leading players in the booming market.  Most important is that this event only helps to further legitimizes cryptocurrencies as an investable alternative asset class.

*A $25,000 PRICE PREDICTION FOR YEAREND:  While on CNBC, Fundstrat analyst Tom Lee predicted that Bitcoin would reach $20k by June and $25k by year-end.

THE CRYPTOCURRENCY TECHNICALS

  • BITCOIN RESISTANCE:  Bitcoin finally fought through the old resistance level of $10,000.  Looking ahead, an upward sloping channel points to $11,800 as a near term target and hence the next level of resistance.  If bitcoin can break that level we could be setting up for a move back to the all-time highs.
  • BITCOIN DOWNSIDE SUPPORT: Downside technical support for Bitcoin is now at the $8,600 level.

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