Monday, May 21, 2018

CryptoCurrency News: Walmart Looks to Blockchain for Retail Product Resales

A newly-released Walmart patent application outlines a digital resale marketplace placed on a blockchain.

via CoinDesk

CryptoCurrency News: Australians Lost Over $2 Million to Crypto Scams Last Year

A report from the Australian Competition and Consumer Commission indicates that Australians lost millions of dollars to crypto-related scams in 2017.

via CoinDesk

CryptoCurrency News: A New Startup Has Zooko and Naval Betting on Better Crypto Contracts

If a series of high-profile vulnerabilities weren't enough to persuade you that today's smart contracts are insecure, a group of computer scientists that have been researching the tech since the 1980s just might. Announced Monday, computer scientists Mark Miller, Dean Tribble, Brian Warner and Bill Tulloh have launched a new startup, Agoric, to develop a secure, blockchain-agnostic […]

via CoinDesk

CryptoCurrency News: US, Canadian Regulators Launch Dozens of Crypto Scam Probes

An "international crackdown" on cryptocurrency scams was launched Monday by a group of securities regulators.

via CoinDesk

CryptoCurrency News: Bitcoin Took a Hit Last Week But These Cryptos Fared Worse

Bitcoin fell to one-month lows below $8,000 last week, but the lesser-known zilliqa token topped the list of losers.

via CoinDesk

CryptoCurrency News: Bitcoin Miner Maker Canaan Files for Hong Kong IPO

China-based Canaan Creative, one of the largest bitcoin mining hardware makers, has filed for an IPO in Hong Kong.

via CoinDesk

CryptoCurrency News: Blockchain's Killer App? Making Trade Wars Obsolete

A confluence of technologies is poised to dramatically reshape manufacturing and, in the process, render obsolete the international trade regime.

via CoinDesk

CryptoCurrency News: Colorado's Politicians Could Soon Accept Crypto Contributions

Colorado's Secretary of State has proposed allowing political committees to accept contributions in cryptocurrency.

via CoinDesk

CryptoCurrency News: Former OKEx Chief Joins Rival Cryptocurrency Exchange Huobi

The former chief executive of Hong Kong-based crypto exchange OKEx has said he is joining rival platform Huobi just a week after his resignation.

via CoinDesk

CryptoCurrency News: Bitcoin Is Back Above $8,500 But Does the Rally Have Legs?

Bitcoin has bounced back above $8,500, but the rally is not backed by decent trading volumes, the technical charts indicate.

via CoinDesk

CryptoCurrency News: 2017 Saw 'Exponential' Blockchain Startup Growth, Says China's IT Ministry

Forty percent of all Chinese blockchain startups emerged in 2017 alone, according to a new report published by China's IT Ministry

via CoinDesk

CryptoCurrency News: Crypto Tribalism Is Holding Back Blockchain

A more united front among all who believe in blockchain tech's sweeping potential could help ensure a more constructive legal environment.

via CoinDesk

[FOREX TIP] GBPUSD Price Action Analysis – 21st May 2018

GBPUSD has been Bearish on the H4 chart. The price has kept making lower lows. Today the H4 chart made a breakout at a significant level of Support. If the price makes a full wave correction and the breakout level produces an H1 Bearish Engulfing Candle right at the breakout level, then selling the pair would get us some green pips. Let us have a look at the H4 GBPUSD chart.

GBPUSD Price Action Analysis – 21st May 2018

Have a look at the today’s H4 candles. The first one came out as a Bearish Pin bar and the next one came out as a strong Bearish candle. The 2nd H4 candle made a breakout at the level of 1.34535 as well. If the current H4 candle is held and we get an H1 Bearish Engulfing candle after the full wave correction, then the price would reach at 1.33650. Let us have a look at the summary of the trade…

  • Sell Limit Order: 1.34535
  • Stop Loss: 1.34820
  • Take Profit: 1.33650
  • 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 breakout that we have been talking about here is a massive breakout. If you look at the Daily chart, you will find that this is a level where the Daily candles have had their Support as well. This means the Daily traders have been eyeing on this level to see whether this level gets broken or is held. We have had an H4 breakout so far, if other things go accordingly, then we might see a big Bearish move on the H4 chart soon.

GBPUSD Price Action Analysis – 21st May 2018

The post GBPUSD Price Action Analysis – 21st May 2018 appeared first on Advanced Forex Strategies.

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