Tuesday, May 15, 2018

CryptoCurrency News: Circle Becomes 'Bitcoin Unicorn' With Bitmain-Backed Mega-Round

Bitmain is investing big in blockchain firm Circle as part of an ambitious bid to clean up one of the more gray aspects of the crypto economy.

via CoinDesk

CryptoCurrency News: Blockchain Startup Enigma to Demo 'Secret Contracts' Privacy Tech

Enigma will conduct the first public demonstration of its "secret contracts" protocol, which revamps smart contracts to provide data privacy.

via CoinDesk

CryptoCurrency News: Winklevoss Crypto Exchange Wins Approval to Trade Zcash

Gemini exchange has added zcash trading and custody services in New York after receiving authorization from state's Department of Financial Services.

via CoinDesk

CryptoCurrency News: HTC Plans to Ship a Blockchain Phone This Year

HTC was a trailblazer with its move to bring an Android smartphone to market in the late 2000s – and now it wants to do the same with blockchain.

via CoinDesk

CryptoCurrency News: Foxconn Backs Blockchain Identity Startup in $7 Million Series A Round

Identity startup Cambridge Blockchain closed a $7 million Series A funding led by HCM Capital, the investing arm of Foxconn Technology Group.

via CoinDesk

CryptoCurrency News: Ripple Launches 'Xpring' Initiative to Invest in XRP-Focused Startups

Ripple has launched an initiative to provide financial assistance to "serious" startups and projects – as long as they boost its own ecosystem.

via CoinDesk

CryptoCurrency News: Global Consultant DNV Invests in Blockchain Startup VeChain

Norway-based registrar DNV GL has invested in blockchain startup VeChain, with plans to become a "Masternode" holder, the firms have said.

via CoinDesk

CryptoCurrency News: Kraken Donates $1 Million to Blockchain Advocacy Group Coin Center

Jesse Powell, CEO of crypto exchange Kraken, donated $1 million to Coin Center at the blockchain industry advocacy group's annual dinner Monday night.

via CoinDesk

CryptoCurrency News: AWS Partners with ConsenSys to Simplify Enterprise Blockchains

Cloud computing giant Amazon Web Services (AWS) is partnering with ethereum startup ConsenSys to make enterprise blockchains easier to deploy.

via CoinDesk

CryptoCurrency News: Deloitte: 3 out of 4 Big Companies See 'Compelling' Case for Blockchain

Most big firms find blockchain compelling, but some of those same firms also find it overhyped, according to a new survey.

via CoinDesk

CryptoCurrency News: Bitcoin Price Eyes Breakout As Trading Range Tightens

A breakout of bitcoin's current narrow trading range could set the tone for the next big move, price chart analysis indicates.

via CoinDesk

CryptoCurrency News: Coinbase Rolls Out Crypto Custody Product for Institutions

First announced last year, Coinbase Custody is a cryptocurrency storage service directed specifically at large financial institutions.

via CoinDesk

CryptoCurrency News: Founders of ICO Endorsed By Floyd Mayweather Indicted for Fraud

The U.S. Attorney for the Southern District of New York has announced that the co-founders of a Floyd Mayweather-backed ICO have been indicted.

via CoinDesk

[FOREX TIP] AUDUSD Price Action Analysis – 15th May 2018

AUDUSD has been Bearish on the H4 chart. Even on the daily chart, the price produced a Double Top. This means if the price starts going down, there is a huge possibility that it would go down for a long time. However, let’s think about the H4 chart now. Today’s first H4 candle was a Bullish one, and then the next one came out as a strong Bearish candle. That also made a breakout at yesterday’s lower low. This means if the level is held by the H4 candle, then we might get an opportunity to sell the pair later today. Let us have a look at the H4 AUDUSD chart.

Have a look at the Bearish H4 candle, which made a breakout at 0.75215. This level has to be held by an H4 candle. If the current H4 candle is held by the breakout level and it produces an H1 Bearish Engulfing Candle, then the price would reach 0.74500 without having that many pauses. Let us have a look at the summary of the trade…

  • Entry- H1 Bearish Engulfing Candle at 0.75215
  • Stop loss- Above 0.75380
  • Take profit- 0.74500
  • 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 USD has two high impact news events at GMT 13.30. I assume the signal would either come at GMT 10.00 or GMT 11.00. If it comes just before the news event, then we might as well skip taking the entry. These two news events have the tendency to produce spikes on the intraday charts and sweep off the stop losses.


The post AUDUSD Price Action Analysis – 15th May 2018 appeared first on Advanced Forex Strategies.

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