Wednesday, June 13, 2018

CryptoCurrency News: Coinbase, Ripple Blast Company Creating Equity Tokens in Their Name

Coinbase and Ripple are pushing back against the equity tokens the Swarm fund announced Wednesday.

via CoinDesk

CryptoCurrency News: Michigan Bill Would Make It Illegal to Counterfeit Blockchain Data

A pair of bills submitted to Michigan's state legislature would make it a crime to illegally alter a blockchain record.

via CoinDesk

CryptoCurrency News: Relief Rally Ahead? Litecoin Looks Oversold Below $100

Litecoin hit fresh 2018 lows in the Asian hours, but could be in for corrective rally courtesy of oversold conditions.

via CoinDesk

CryptoCurrency News: Tether Manipulation Pushed Up Bitcoin's Price, Researchers Find

A new study by the University of Texas at Austin claims that the Tether stablecoin is used to increase bitcoin's price during market downswings.

via CoinDesk

CryptoCurrency News: Banks' Blockchain Budgets Spiked 67% in 2017, Survey Finds

Blockchain budgets at global banks' increased sharply in 2017, pushing combined annual spending to $1.7 billion, according to a new survey.

via CoinDesk

CryptoCurrency News: Surprise KYC: Investors in Tezos' Troubled ICO Might Finally Be Fed Up

After infighting brought months of delays, Tezos investors finally seemed about to receive their crypto tokens. Then something unexpected happened...

via CoinDesk

CryptoCurrency News: Blockchain Is 'Revolutionary,' Says German Finance Regulator Chief

The president of BaFin thinks blockchain-based applications are "revolutionary" and could turn the entire financial sector "upside down."

via CoinDesk

CryptoCurrency News: Bitcoin Bulls Eye $6,400 Defense After Four-Month Low

Short-term oversold conditions may give the bulls a brief reprieve, but the bitcoin market is still generally bearish.

via CoinDesk

CryptoCurrency News: JD.com's Finance Arm to Issue Asset-Backed Securities on a Blockchain

JD Finance, a subsidiary of Chinese e-commerce giant JD.com, has announced a pilot issuance of asset-backed securities over a blockchain.

via CoinDesk

CryptoCurrency News: EOS's Experimental Launch Might Be Putting Investor Money at Risk

Many point to the potential security threats as a reason votes have been trickling in (instead of rushing in) on the EOS blockchain.

via CoinDesk

CryptoCurrency News: Beyond Bitcoin: Reuters Expands Data Service to Top 100 Cryptos

The Canadian mass media and information giant, Thomas Reuters, is expanding its sentiment analysis to track 100 of the world's top cryptocurrencies.

via CoinDesk

[FOREX TIP] EURGBP Price Action Analysis – 13th June 2018

EURGBP has been trapped within a Horizontal range on the H4 chart. The pair produced a huge H4 Bearish Engulfing candle yesterday from the Resistance level. The pair seems to be Bearish after that move. Today’s first two H4 candles came out as corrective candles. If we get an H4 good-looking Bearish Engulfing Candle and then an H1 breakout towards the downside, then selling the pair would get us some green pips. Let us have a look at the H4 EURGBP chart.

EURGBP Price Action Analysis – 13th June 2018

EURGBP Price Action Analysis – 13th June 2018

Have a look at that huge H4 Bearish candle. The next candle came out as a Bearish candle too. Then, those two H4 Bullish candles’ price obeyed the level of 0.87900. If this level produces an H4 Bearish Engulfing Candle and an H1 candle breaks the level of 0.87690 afterwards, then the price would reach at the level of 0.87330. Let us have a look at the summary of the trade…

  • Entry- H1 breakout at 0.87690
  • Stop loss- Above 0.87900
  • Take profit- 0.87330
  • 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

We are in the middle of June. It means we are in the middle of the year 2018. For the last two weeks, the market has been quiet. We have not had that many breakouts, proper correction and the signal. We must not lose our patience during this period. June and July are the months that test the patience of traders. Let us not lose our patience, but be strong with our belief, strategies, and experience. Time will come where the market will start offering those great entries.

EURGBP Price Action Analysis – 13th June 2018

The post EURGBP Price Action Analysis – 13th June 2018 appeared first on Advanced Forex Strategies.

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