Wednesday, April 25, 2018

CryptoCurrency News: Cisco Claims New Patent Could Apply to Bitcoin Mining

A Cisco patent suggests that internet customers would be able to create a distributed mining pool through a proprietary cloud application.

via CoinDesk

CryptoCurrency News: US Congressman: 'Race to Regulate' Won't Solve Crypto Fraud

While fraud and 'bad actors' are a concern in the crypto industry, US Rep. Patrick McHenry says Congress should not rush to regulate.

via CoinDesk

CryptoCurrency News: Nasdaq 'Would Consider' Creating a Crypto Exchange, Says CEO

The CEO of Nasdaq suggested Wednesday that the company could open a cryptocurrency exchange in the future.

via CoinDesk

CryptoCurrency News: Crypto Exchanges Pause Services Over Contract Bugs

A pair recently-published bugs allow an attacker to create an inordinate number of ERC-20 tokens

via CoinDesk

CryptoCurrency News: EOS Is Nearing An All-Time Price High

EOS is largely bucking the downtrend in the wider crypto market and may hit fresh all-time highs soon, according to technical analysis.

via CoinDesk

CryptoCurrency News: Two Big Crypto Startups Are Out to Build One Universal Wallet

The two startups are offering developers $50,000 to build a wallet that would support almost any token, even those that haven’t been created yet.

via CoinDesk

CryptoCurrency News: Compliant Airdrops: CoinList to Offer Investors Free Crypto Giveaways

The company has worked on token distribution and fundraising so far, but its latest product focuses on giving away tokens to spur user adoption.

via CoinDesk

CryptoCurrency News: $10K on Hold As Bitcoin Sees Price Pullback

Having rallied more than 50 percent this month, bitcoin is today witnessing pullback.

via CoinDesk

CryptoCurrency News: Bitcoin Miners Arrested for Alleged Power Theft

Allegations of electricity theft have reportedly led to the arrest of bitcoin miners and equipment seizures in two Chinese cities.

via CoinDesk

[FOREX NEWS] EUR/USD fails to make a meaningful recovery – this doesn’t look good

The EUR/USD attempted recovery from the 7-week lows but never went too far. The relentless rise in US bond yields continues dominating the scene ahead of Draghi. The technical picture remains bearish for the pair, and the lack of a meaningful recovery does not bode well for the pair. The EUR/USD is trading around $1.2200, [...]

The post EUR/USD fails to make a meaningful recovery – this doesn’t look good appeared first on Forex Crunch.

via Forex Crunch

CryptoCurrency News: Chinese #Metoo Movement Turns to Ethereum to Evade Censorship

Inspired by the #metoo movement, students in China are coding messages into the ethereum blockchain to escape Chinese internet censorship.

via CoinDesk

CryptoCurrency News: Sequoia Sues Crypto Exchange Binance After Investment Deal Collapses

The founder of the Binance exchange is facing a lawsuit in Hong Kong over allegations he breached an exclusivity agreement with a big-name investor.

via CoinDesk

CryptoCurrency News: Salesforce Among 12 New Members to Join Blockchain Research Institute

Canadian government-backed Blockchain Research Institute announced the addition of 12 new members today, including cloud computing company Salesforce.

via CoinDesk

[FOREX TIP] AUDCAD Price Action Analysis – 25th April 2018

AUDCAD has been Bearish on the H4 chart. The pair produced two H4 Bearish candles today. Moreover, one of the candles has made a breakout at a significant level of Resistance. If we get a good corrective H4 candle, then selling the pair would get us some green pips later today. Let us have a look at the H4 AUDCAD chart.

AUDCAD Price Action Analysis – 25th April 2018

Have a look at the last two Bearish candles that were produced today. One of them made a breakout at the level of 0.97335. The current H4 candle seems to be making the correction. It has to be held at the breakout level. If the price goes up to the breakout level and produces an H1 Bearish Engulfing Candle within this H4 candle or bit later, then the price would reach 0.97000.

  • Sell Limit Order: 097335
  • Take Profit Target: 0.97000
  • Stop Loss:  0.97530
  • 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

Today’s breakout level could have been a Support level. In fact, it would have been a Double Bottom level. Now that the level got broken, thus it is the Resistance level now. This is what Support and Resistance level are all about. Support becomes Resistance and Resistance becomes Support. Meanwhile, a level has to be broken first, and then it has to be held and has to produce an entry signal. Have a look at the chart. It got broken by the last H4 candle. It has to be held by the current H4 candle. Then, it has to produce an H1 Bearish Engulfing Candle, which is the entry signal here. This is the main principle of taking an entry in the Forex market.

The post AUDCAD Price Action Analysis – 25th April 2018 appeared first on Advanced Forex Strategies.

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