Wednesday, May 16, 2018

CryptoCurrency News: Jack Dorsey Hopes Bitcoin Will Become The Web's 'Native Currency'

Is bitcoin destined to become the default currency of the Internet? Square's Jack Dorsey hopes so.

via CoinDesk

CryptoCurrency News: The SEC Just Launched a Fake ICO Website to Educate Investors

The U.S. Securities and Exchange Commission wants to make sure investors know what a scam ICO looks like. Even if it has to launch its own.

via CoinDesk

CryptoCurrency News: 'Internet of Blockchains' Project Polkadot Gets First Proof-of-Concept

Parity Technologies and Web3 Foundation will soon launch the first proof-of-concept of their blockchain interoperability protocol, Polkadot.

via CoinDesk

CryptoCurrency News: Blockstack Announces 'Universal' Dapp Store for the Decentralized Web

Blockstack announced app.co, a decentralized app store aimed at bringing together all dapps for users' convenience.

via CoinDesk

CryptoCurrency News: Jennifer Aniston, Prince Charles Falsely Used to Promote Crypto Scam

Texas' securities regulator has issued a cease-and-desist to a crypto investment scheme that faked endorsements from high-profile individuals.

via CoinDesk

CryptoCurrency News: Nokia Is Letting Consumers Monetize Their Data with Blockchain

The long-anticipated launch of Streamr's real-time data platform was accompanied by two high-profile partnership announcements.

via CoinDesk

CryptoCurrency News: ICO Project Polymath Is Trying to Buy a Stake In a Real Stock Exchange

If one announcement summarizes the ambitions of crypto project Polymath, it might be Wednesday's acquisition of the domain "Tokens.com" One of its several this week, it cuts to the heart of the project's aims to dominate the issuance of tokenized securities. But the plans go beyond just the acquisition of potentially popular domain names. In the […]

via CoinDesk

CryptoCurrency News: Enterprise Ethereum Alliance Unveils Common Blockchain Standards

The Enterprise Ethereum Alliance announced the release of a common technical specification at Consensus 2018 on Wednesday.

via CoinDesk

CryptoCurrency News: Bear Revival? Bitcoin Risks Fall Below $8K After 3.5-Week Low

Bitcoin hit a 3.5-week low of $8,100 earlier today and now risks a bear revival, the price chart analysis indicates.

via CoinDesk

CryptoCurrency News: Wall Street Vet Brian Kelly Launches Blockchain ETF

Investment manager Brian Kelly is launching a blockchain-focused exchange-traded fund, or ETF, he announced Wednesday.

via CoinDesk

CryptoCurrency News: BitLicense Refugees: Kraken, ShapeShift CEOs Talk Escape from New York

Jesse Powell and Erik Voorhees delivered red-meat rhetoric but also made subtler points about New York's cryptocurrency regulations at Consensus 2018.

via CoinDesk

[FOREX TIP] Gold Price Action Analysis – 16th May 2018

GOLD has been Bearish for 3 days consecutively. Today’s first two H4 candles came out as Bullish corrective candles. The current H4 candle seems to be a Bearish candle. If it really ends up being an Engulfing Bearish Candle, then an H1 breakout at yesterday’s lower low would be the signal to go short on Gold today. Let us have a look at the H4 Gold chart.

Gold Price Action Analysis – 16th May 2018

The level of 1294.70 has been the level of Resistance here. If it is held by the current H4 candle and the current H4 candle engulfs the last H4 candle, then we would have to wait for an H1 breakout at the level of 1288.30 to take the short entry. Let us have a look at the summary of the trade…

  • Sell Stop Order: 1288.30
  • Stop Loss: 1294.70
  • Take Profit: 1278.50
  • 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 a high impact news event today at GMT15.30. However, I do not think Gold traders have to worry about it that much. It is not a super high impact news event. Moreover, Gold is not only related to the USD. Yes, the USD does have a huge impact on Gold. Thus, we have to consider some news events that are related to the USD such as NFP, FOMC- Interest rate decision. Other usual high impact news events on the USD such as Crude oil inventories, Retail sales m/m, Core retail sales m/m are not to be given that much of emphasis if we are to trade on GOLD (XAUUSD).

Gold Price Action Analysis – 16th May 2018

The post Gold Price Action Analysis – 16th May 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

bitcoin faucet

Popular Posts