Friday, July 27, 2018

CryptoCurrency News: 10,000%: Pantera Reports Massive 5-Year Crypto Investment Return

Pantera Capital announced it had seen a lifetime return of more than 10,000 percent in its first five years.

via CoinDesk

CryptoCurrency News: What Volatility? How Facebook's Historic Loss Became Crypto's Gain

Facebook had a bad day in the market this week – and the crypto community quickly pounced.

via CoinDesk

CryptoCurrency News: Ethereum Is Testing Code for Its Next Hard Fork

Ethereum developers are already implementing code that's set to be activated in Constantinople, the network's next system-wide upgrade.

via CoinDesk

CryptoCurrency News: ICO Platform Promises Full Refund Following $7 Million Hack

Initial coin offering support platform KickICO lost $7.7 million in KICK tokens in a hack on Thursday, the company reported. 

via CoinDesk

CryptoCurrency News: New Crypto Mining Malware Targeting Corporate Networks, Says Kaspersky

Researchers at Kaspersky Lab have uncovered a new form of cryptojacking malware targeting corporations in multiple countries.

via CoinDesk

CryptoCurrency News: Google Bans Crypto Mining Apps from Play Store

Google has now joined Apple in banning cryptocurrency mining applications from its mobile app store. 

via CoinDesk

[FOREX TIP] USDCAD Price Action Analysis – 27th July 2018

USDCAD Price Action Analysis – 27th July 2018

USDCAD Price Action Analysis – 27th July 2018

USDCAD has been Bearish on the H4 chart. The price has kept making the lower low. Yesterday’s Daily candle came out as an Inside bar as well. Thus, if the price makes a breakout towards the South today, we will get an opportunity to go short on the pair and make some green pips. Let us have a look at the H4 USDCAD chart.

As the chart shows that the pair produced some big H4 Bearish candles. Yesterday’s H4 candles look like corrective candles. Those H4 candles made the Daily candle as an Inside bar. Today’s first two H4 candles came out as Bearish candles. However, we would have to wait for a good-looking H4 Bearish Engulfing candle and an H1 breakout at the level of 1.30205 to take the short entry. The level of 1.30780 might be the level of Resistance as far as the H4 chart is concerned. This means let’s wait until the chart produces an H4 Bearish Engulfing Candle at the level of 1.30780 first. Let us have a look at the summary of the trade…

  • Entry- H1 breakout at 1.30205
  • Stop loss- Above 1.30780
  • Take profit- 1.29275
  • 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

Yesterday we recommended that EURCAD would be Bearish. The price actually went down all the way to hit our target. However, the price did not trend from the level that we had recommended though. Now the question would be whether we should take those entries just after the breakout? The answer is “No”. It is best to take an entry if the price trends right from the strong level of Support/Resistance.

USDCAD Price Action Analysis – 27th July 2018

The post USDCAD Price Action Analysis – 27th July 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

CryptoCurrency News: Crypto Wallet to Replace Private Keys With Encrypted QR Codes

Decentralized crypto wallet SafeWallet is launching a new QR code-based user identification system to replace mnemonic phrases and private keys.

via CoinDesk

CryptoCurrency News: Why Blockchain Is Becoming the 'New Normal' In Enterprise

Markets are decentralized, so they need decentralized software. After years of discussion and planning, blockchain is delivering, writes R3's CTO.

via CoinDesk

CryptoCurrency News: Bitcoin Retains Bull Bias Despite Price Drop to Below $8K

The bitcoin charts retain a bullish bias today, despite a pullback in prices to a three-day low of $7,848.

via CoinDesk

CryptoCurrency News: Central Bank Crypto Could Bring Economic Gains: Bank of Canada Paper

Central bank-issued cryptocurrency could bring economic welfare gains for Canada and the U.S., according to a researcher from Canada's central bank. 

via CoinDesk

CryptoCurrency News: There's a Bigger Scam Than Anything in Crypto, It's Called KYC/AML

Anti-money-laundering and know-your-customer practices have cost many billions more than all ICO scams put together – yet, what they have produced?

via CoinDesk

CryptoCurrency News: $1 Billion Chinese Blockchain Fund Denies Report of Government Pull-Out

A major Chinese blockchain fund launched in April has denied a report that the local government will withdraw its financial support.

via CoinDesk

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