Thursday, June 7, 2018

CryptoCurrency News: 'Just Beware' Is All Jamie Dimon Will Say About Bitcoin

Jamie Dimon once called bitcoin a fraud – now he's saying "just beware."

via CoinDesk

CryptoCurrency News: 'Dungeon Defenders' Game Maker to Integrate Blockchain In Sequel

The developer behind Dungeon Defenders II will integrate a blockchain with the game's rewards system.

via CoinDesk

CryptoCurrency News: Japan Blasts Crypto Exchange Execs in First-Ever License Rejection

Japan's financial regulator has formally issued its first denial to a business registration application filed by cryptocurrency exchange FSHO.

via CoinDesk

CryptoCurrency News: FOAM and the Dream to Map the World on Ethereum

CryptoKitties meets Pokemon Go? That's FOAM's initial goal, but the team thinks its decentralized location-tracking tech has more serious potential.

via CoinDesk

CryptoCurrency News: Bullish Signals Hint at Bitcoin Price Breakout

Still stuck in a narrowing price range, BTC could rise to $8,870 if the bulls are able to beat the 50-week moving average resistance.

via CoinDesk

CryptoCurrency News: Dutch Central Bank: Blockchain 'Promising' But 'Inefficient' in Payments

Blockchain technology isn't yet a beneficial addition to the payment system in the Netherlands, according to the country's central bank.

via CoinDesk

CryptoCurrency News: Software Giant SAP Launches Blockchain-as-a-Service Platform

SAP is the latest tech giant to have rolled out a technology framework aimed to let enterprise build blockchain-based applications.

via CoinDesk

CryptoCurrency News: Thailand Trials Central Bank Digital Currency for Interbank Settlement

Thailand's central bank is examining how a blockchain-based digital currency could make interbank settlement both faster and cheaper.

via CoinDesk

[FOREX TIP] EURAUD Price Action Analysis – 7th June 2018

EURAUD has been Bearish on the Daily chart for a long time. However, by looking at the H4 chart, it seems that the pair might have started going upwards. The last H4 candle made a breakout at an important level of Resistance as well. If the rest of the things go accordingly, then we might get an opportunity to take a long entry on EURAUD. Let us have a look at the H4 EURAUD chart.

EURAUD Price Action Analysis – 7th June 2018

Have a look at the last H4 Bullish candle. There is a spike, but the candle closed above the Resistance level. If the current H4 candle is held by the breakout level, and we get an H1 Bullish Engulfing Candle right at that level, then the price would go towards the level of 1.55200.

  • Buy Limit Order: 1.53960
  • Stop loss: 1.53555
  • Take Profit: 1.55200
  • 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 AUD had a high impact news event earlier today. “Trade Balance” news release was to come and it came out as a neutral data. The news event did not make the AUD move that much on the H1 or H4 chart. None of the currency on EURAUD has any high impact news event on rest of the day. Thus, if we get a good corrective H4 candle and the H1 Bullish signal right on that level, it would be a good trade setup to take an entry. Let us hope that the price does not start trending from where it is now. Let us wait for the price to come back to the breakout level first and then to start trending.

EURAUD Price Action Analysis – 7th June 2018

The post EURAUD Price Action Analysis – 7th June 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

CryptoCurrency News: Crypto Margin Trading Could Be Illegal Gambling, Says Korean Police

A South Korean police department is alleging the crypto margin trading offered by exchange Coinone is in effect illegal gambling.

via CoinDesk

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