Tuesday, May 8, 2018

CryptoCurrency News: The First Version of Ethereum's Casper Upgrade Has Been Published

Posts on GitHub and Reddit suggest that momentum is building behind he change to ethereum's protocol.

via CoinDesk

CryptoCurrency News: DHS Official Tells Congress Blockchain Uses Are 'Almost Limitless'

Representatives from the Department of Homeland Security, Maersk and UPS described how blockchain can be used in supply chain in a hearing Tuesday.

via CoinDesk

CryptoCurrency News: Australia's Government Budgets Over $500K for Blockchain Study

Australia's latest budget allocates AU $700,000 to its Digital Transformation Agency for the exploration of government blockchain applications.

via CoinDesk

CryptoCurrency News: Crypto Investment Schemes Hit With Cease-and-Desists in Texas

A Texas regulator has issued cease-and-desist orders against two cryptocurrency schemes that it alleges are selling unregistered securities.

via CoinDesk

CryptoCurrency News: Crypto Probe 'Continues' Despite New York AG's Resignation

Following Eric Schneiderman's abrupt resignation, the New York Attorney General's Office's "work continues," according to a spokesperson.

via CoinDesk

CryptoCurrency News: A Chain of Its Own: Mobile App Kik to Fork Stellar for Fee-Free Blockchain

Kik has decided that fees just won't work for its crypto token mission and has decided to fork stellar to create its own blockchain.

via CoinDesk

CryptoCurrency News: Report: NYSE Owner ICE Weighs Bitcoin Trading Platform Launch

Intercontinental Exchange, the firm that owns the New York Stock Exchange, is developing a bitcoin trading platform, according to a report.

via CoinDesk

CryptoCurrency News: The Economics of Ethereum's Coming Consensus Change Are Taking Shape

Ethereum creator Vitalik Buterin has issued new details on his vision for proof-of-stake, ethereum's coming consensus change.

via CoinDesk

CryptoCurrency News: Oracle to Launch Its Blockchain Platform This Month

California-based software giant Oracle will publicly launch its blockchain-as-a-service platform as soon as this month, according to a report.

via CoinDesk

CryptoCurrency News: Startup Raises $3 Million to Build 'Proof-of-Space-Time' Blockchains

Spacemesh's "proof-of-space-time" (PoST) consensus protocol hopes to do away with mining pools and expensive GPU or ASIC-based miners.

via CoinDesk

[FOREX NEWS] Camel Vomiting pattern in EUR/USD could result in more falls

The EUR/USD has hit fresh 2018 lows below $1.1900 as the US Dollar continues marching forward. The potential pullout of Trump from the Iran deal is casting clouds on markets. The pair is at oversold territory, but the “vomiting camel” pattern seems to be taking over. The EUR/USD is trading below $1.1900, the lowest since the last [...]

The post Camel Vomiting pattern in EUR/USD could result in more falls appeared first on Forex Crunch.

via Forex Crunch

CryptoCurrency News: Bitcoin Risks Drop Below $9K After 4-Day Low

Bitcoin risks falling to levels below $9,000, courtesy of the bearish setup on the technical charts.

via CoinDesk

CryptoCurrency News: EOS Revisited: Investors Are Taking Another Look at the Longest-Running ICO

Another blockchain for smart contracts? It turns out the claim is catching the attention of investors as the EOS blockchain heads toward launch.

via CoinDesk

CryptoCurrency News: BMW Test Drives Blockchain for Car Mileage Tracking

Blockchain startup Dovu created a pilot program with auto giant BMW to encourage drivers to track their own mileage.

via CoinDesk

[FOREX TIP] EURGBP Price Action Analysis – 8th May 2018

EURGBP produced a huge Bearish Daily candle yesterday. By looking at the H4, it seems that the pair is getting ready to make another Bearish move. Today’s first H4 candle came out as a Bearish Pinbar. The next one came out as a Bullish Pinbar, but it did hold the level of today’s Resistance. The current H4 candle has been Bearish. If it continues to go towards the South and makes a breakout at yesterday’s lower low, then we might get an opportunity to go short on the pair later today. Let us have a look at the H4 EURGBP chart.

EURGBP Price Action Analysis – 8th May 2018

Have a look at the Bearish move on the H4 chart. The current candle has been trying to make a breakout at 0.87765. If it makes a breakout on that level and then produces an H1 Bearish Engulfing Candle right on the breakout level, then the price would reach 0.87450 without having that many pauses. Let us have a look at the summary of the trade…

  • Sell Stop Order: 0.87765
  • Stop Loss: 0.87950
  • Take Profit: 0.87450
  • 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

The Forex market was quiet last month. Hopefully, this month would be a good month. June and July are usually quiet months too. Thus, there is a good possibility that the traders would look for opportunity in May to make money. This would lead the market to have a good amount of liquidity. Let us wait for those opportunities and grab them if they come. If they do not come, we must not push ourselves, but be patient.

The post EURGBP Price Action Analysis – 8th May 2018 appeared first on Advanced Forex Strategies.

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