Tuesday, October 2, 2018

CryptoCurrency News: With Rambling Clinton Keynote, Ripple Is Sending a Clear Message

It wasn't about what Clinton had to say. It was about putting Clinton on the stage.

via CoinDesk

CryptoCurrency News: St. Louis Fed VP: A Private Crypto Could Solve the 'Triffin Dilemma'

An economist with the St. Louis Federal Reserve said that cryptocurrencies could solve a problem faced by global currency reserves like the dollar.

via CoinDesk

CryptoCurrency News: 'Bitcoin Bug' Exploited on Crypto Fork as Attacker Prints 235 Million Pigeoncoins

Using a major bug found and fixed on bitcoin last month, an attacker was able to print 235 million coins on "pigeoncoin."

via CoinDesk

CryptoCurrency News: Mining Giant Bitmain Acquires Bitcoin Cash Wallet Startup

Bitmain has acquired Telescope, an open-source, browser-based wallet for bitcoin cash.

via CoinDesk

CryptoCurrency News: Coinbase Adds Charles Schwab Advisor to Board of Directors

Coinbase has brought a Charles Schwab advisor onto its board of directors, as well as hired a new managing director for institutional products.

via CoinDesk

CryptoCurrency News: South Korea's Policy Chief Calls for Legalization of ICOs

The chairman of South Korea's National Policy Committee has called for the legalization of ICOs at a meeting of the National Assembly.

via CoinDesk

CryptoCurrency News: Crypto Mining for Political Campaigns? A US Elections Agency Is Considering It

US election officials are considering a request that, if approved, would let people contribute to political campaigns by mining cryptocurrencies.

via CoinDesk

CryptoCurrency News: VC Investment in Blockchain Startups Is Up 280% So Far This Year

VC investment in blockchain and cryptocurrency startups is soaring in 2018, having already almost tripled last year's total, says a report.

via CoinDesk

CryptoCurrency News: CoinDesk Ranks the Top 10 U.S. Blockchain Universities and Colleges

via CoinDesk

CryptoCurrency News: Bitcoin Price Faces Minor Drop After Failure to Pass Key Resistance

Bitcoin could feel the pull of gravity in the next 24 hours, having failed to beat a key moving average hurdle for four days straight.

via CoinDesk

CryptoCurrency News: Google Moves to Protect Chrome Users From Cryptojacking and Hacks

Google is bringing in stricter rules for Chrome extension developers, a move should reduce the risk of crypto hacks and mining malware.

via CoinDesk

CryptoCurrency News: CryptoKitties By the Dozen: OpenSea to Bundle Collectibles for Easy Sales

With a new feature called "bundles," the OpenSea marketplace says its sellers can offer crypto collectibles at better prices.

via CoinDesk

CryptoCurrency News: Bitcoin Futures Firm 1Broker Moves to Renew Trader Access After US Charges

Bitcoin futures trader 1Broker hopes to launch a read-only version of its website in the next few days after being sued by the SEC and CFTC.

via CoinDesk

[FOREX TIP] AUDUSD Price Action Analysis – 2nd Oct 2018

AUDUSD has been Bearish on the H4 chart. Yesterday’s Daily candle came out as a Doji candle. Moreover, the H4 chart shows that the price has produced a Double Top at a significant level of Resistance. To go more with it, the current H4 candle has shown all the signs to make a breakout at the neckline of that Double Top. If the breakout takes place, then we might get an opportunity to take a short entry and grab some green pips. Let us have a look t the H4 AUDUSD chart.

AUDUSD Price Action Analysis – 2nd Oct 2018

AUDUSD Price Action Analysis – 2nd Oct 2018

The level of 0.72390 is the level of Resistance here. On the other hand, the level of 0.72080 is the level, which has to be broken by an H4 candle. The current H4 candle is yet to be finished. Thus, we have to wait until the candle closes to be confirmed about the breakout. After the breakout, we have to wait for the next H1 candle to close below the breakout candle to take the short entry. Let us have a look at the summary of the trade…

  • Sell Limit Order: 072080
  • Stop loss- Above 0.72390
  • Take Profit:  0.71100
  • 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

Today at GMT 05.30 the AUD had a massive high impact news event called “RBA rate statement”. The news event has made the currency make breakouts on almost all the pairs related to it. Thus, traders will keep their eyes on the AUD pairs to find trading opportunities more over other pairs today.


The post AUDUSD Price Action Analysis – 2nd Oct 2018 appeared first on Advanced Forex Strategies.

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