Monday, March 12, 2018

CryptoCurrency News: What's Wrong With John Oliver's Bitcoin-Beanie Baby Comparison

Comedian John Oliver rightly warned his audience about the risks of cryptocurrency, but his comparisons to Beanie Babies and gambling missed the mark.

via CoinDesk

CryptoCurrency News: Central Bank Digital Currencies Could Fuel Bank Runs, BIS Says

A central bank-issued digital currency could fuel faster bank runs during periods of financial stability, the BIS said Monday.

via CoinDesk

CryptoCurrency News: Report: South Korea Could Ease Its ICO Ban

South Korea's ban on initial coin offerings (ICOs) could be relaxed in the months ahead, according to a new report.

via CoinDesk

CryptoCurrency News: Venezuela's Petro Will Harm 'Legitimate' Cryptocurrencies, Says Brookings

The Brookings Institute warns that the petro will undermine both international economic sanctions and truly decentralized cryptocurrencies.

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CryptoCurrency News: Crypto Miner Genesis Hit With Cease-And-Desist Order

Genesis Mining has been ordered to stop operating in the state of South Carolina, according to a cease-and-desist order released last week.

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CryptoCurrency News: Bitfinex'ed Strikes Back: Lawyer Warns Bitfinex on 'Threats' Against Blogger

Blogger Bitfinex'd hires lawyer Stephen Palley, who says that if he finds Bitfinex is behind threats against his client, "there will be consequences."

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CryptoCurrency News: EU Can't Ban Bitcoin Mining Over Energy Concerns, Official Says

Cryptocurrency mining is perfectly legal in Europe and only subject to standard electricity rules, according to an EU commissioner.

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CryptoCurrency News: Bitcoin Cash Price Enters Recovery Mode After 4-Week Low

After mounting a high-volume recovery, the bitcoin cash cryptocurrency looks set to rebound, technical chart analysis suggests.

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[FOREX TIP] EURJPY Price Action Analysis – 12th Mar 2018

EURJPY has been in a range on the Daily chart. However, the H4 chart shows that the price has been going upwards. The first H4 candle today came out as a Bearish candle. The next one has just started, but it seems that the price is going upward again. If the current H4 candle comes out as an Engulfing candle and makes a breakout at today’s higher high, then we might get an opportunity to take a long entry later today.

EURJPY Price Action Analysis – 12th Mar 2018

As we see that the level of 131.625 has been a massive level of resistance where price reacted a number of times. On the other hand, the level of 131.045 has been a level of Support so far. If the level produces an H4 Engulfing candle and makes a breakout at 131.625, then an H1 Bullish reversal candle would be the signal for a long entry. Let us have a look at the summary of the trade

  • Buy Stop Order: 131.625
  • Stop Loss: 131.045
  • Take Profit: 132.900
  • Validity: 72 hours
  • Whenever possible, move the stop loss to the entry price and whenever you want, you can take profit anytime as long as you feel comfortable

On the last Friday, NFP did not shake the market as it usually does. This is a sign of strong technical market. The USD has been Bearish on the Daily and the Weekly chart. I assume the USD would continue its Bearish journey in this month as well. Since the last Friday was not that volatile, so today’s market might get more sluggish than other Mondays. Let us wait and see how it ends.

The post EURJPY Price Action Analysis – 12th Mar 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

CryptoCurrency News: Ether Takes Step Toward Institutional US Trading

ConsenSys is partnering to develop an ether price index it hopes will make more crypto trading products available for institutional investors.

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CryptoCurrency News: Former Docker CEO to Lead Crypto-Powered Distributed Storage Startup

Decentralized data storage startup Storj is hoping to boost its growth with the hire of Ben Golub, former CEO at software firm Docker.

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CryptoCurrency News: Malaysian Central Bank Slams ICO for Misleading Logo

A Malaysian initial coin offering organizer has been flagged by the central bank over its unauthorized use of national and institutional symbols.

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CryptoCurrency News: Thomson Reuters Is Using Your Feelings About Bitcoin to Make Investors Rich

Thomson Reuters has launched a bitcoin analysis product that uses AI to analyze how industry insiders feel about the cryptocurrency.

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CryptoCurrency News: Bitcoin Eyes $10K, But Charts Hint at Bull Trap Potential

Bitcoin's corrective rally from Friday's low of $8,371 seems to have legs, but gains above $10,000 may be transient.

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CryptoCurrency News: Japan's SBI Group Scraps Huobi Crypto Exchange Partnership

SBI Virtual Currency, a subsidiary of SBI Holdings, will no longer partner with Huobi Group on setting up two Japan-based cryptocurrency exchanges.

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CryptoCurrency News: Coincheck Starts Crypto Hack Refunds, Allows Limited Trading

Coincheck, the Japanese cryptocurrency exchange at the center of a recent hack, starts reimbursing victims today.

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CryptoCurrency News: Why the 'Worst' Crypto Networks Will Be The Biggest

From a network design perspective, bitcoin is ugly. As with as city, you have to experience it from a bottom-up perspective to understand its allure.

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CryptoCurrency News: Monero Mining Malware Attack Linked to Egyptian Telecom Giant

Thousands of devices allegedly affected by malware across Egypt, Turkey and Syria.

via CoinDesk

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