Wednesday, October 17, 2018

CryptoCurrency News: U.S. Marshals to Auction $4.3 Million in Bitcoin Next Month

The U.S. Marshals are set to auction off about 660 bitcoin forfeited in federal criminal, civil and administrative cases, worth about $4.3 million.

via CoinDesk

CryptoCurrency News: New BitConnect Lawsuit Combines Previous Efforts Against Crypto Scam

BitConnect investors hoping to recoup their losses have consolidated all existing lawsuits against the startup into one.

via CoinDesk

CryptoCurrency News: 'Voldemort' Strikes Again? A New Crypto White Paper Has His Name On It

A new crypto paper arrived today bearing a familiar (and mysterious) pseudonym.

via CoinDesk

CryptoCurrency News: Huobi's US Exchange Sees 30% Boost in Trading for Tether Alternative

A spokesperson for HBUS says the exchange has seen a massive increase in USDT/TUSD trading this week after tether broke the proverbial buck.

via CoinDesk

CryptoCurrency News: Gemini Stablecoin Volume Doubles on Top 10 Exchange Amid Tether Turmoil

The Bibox exchange dominates trading in the Gemini Dollar, the Winklevoss twins' month-old stablecoin. Its volume surged when tether's peg broke.

via CoinDesk

CryptoCurrency News: CME: Average Daily Volume for Bitcoin Futures Grew 41% in Q3

Average daily volumes for bitcoin futures trading saw a significant jump in the third quarter compared to the last period, according to CME Group.

via CoinDesk

CryptoCurrency News: F2Pool Founder's Crypto Wallet Startup Raises $13 Million in New Funding

Cobo, the crypto wallet created by F2Pool's founder, has raised $13 million from NEO and DHVC to expand its staking pool with a cold wallet launch.

via CoinDesk

CryptoCurrency News: Crypto Exchange Binance Adds Compliance Tools from Chainalysis

Binance, the biggest cryptocurrency exchange by trading volume, is rolling out new software to aid detection of potentially illicit transactions.

via CoinDesk

CryptoCurrency News: Wallet Provider Blockchain Is Backing Crypto Giveaways In a Big Way

Cryptocurrency wallet and data provider Blockchain.info is launching a program to assist crypto projects distributing free tokens to users worldwide.

via CoinDesk

CryptoCurrency News: Qtum Blockchain Becomes Amazon Web Services Partner in China

Amazon Web Services' China unit is partnering with blockchain project Qtum to develop blockchain-as-a-service solutions for enterprises.

via CoinDesk

CryptoCurrency News: 3 Hurdles Could Complicate Bitcoin's Price Recovery

Forcing a bitcoin price breakout is looking anything but easy for the bulls, with several major resistance levels lined up ahead.

via CoinDesk

CryptoCurrency News: Rwanda Starts Tracking Conflict Metal Tantalum With Blockchain

The Rwandan government has turned to blockchain to track tantalum, a metal used in consumer electronics and often associated with conflict zones.

via CoinDesk

CryptoCurrency News: CFTC Official Warns Smart Contract Designers Over Predictive Code

Smart contract coders could be held liable for providing predictive "event contracts" on a blockchain, a CFTC commissioner has said.

via CoinDesk

CryptoCurrency News: Monero to Become First Billion-Dollar Crypto to Implement 'Bulletproofs' Tech

A highly anticipated technology designed to make blockchain privacy features more scalable will be tested on Monero soon.

via CoinDesk

[FOREX TIP] GBPJPY Price Action Analysis – 17th Oct 2018

GBPJPY produced a Double Top on the H4 chart. To go more with it, it produced an H4 Bearish Engulfing Candle as well. Thus, the pair seems to be all set to go towards the South if we get an H1 Bearish Engulfing Candle at the breakout level. Let us have a look at the H4 GBPJPY chart.

GBPJPY Price Action Analysis – 17th Oct 2018

GBPJPY Price Action Analysis – 17th Oct 2018

The level of 148.230 is the level of Resistance, which is the Resistance level of Double Top as well. Have a look at that H4 Bearish Engulfing Candle. That made a breakout at the level of 147.930. The current H4 candle has been Bearish so far. However, I assume it would end up being a corrective H4 candle. If that happens, then we would have to wait for an H1 Bearish Engulfing Candle right at the level of 147.930 to take a short entry. The level of 146.860 might come into the game and act as the level of Support. Let us have a look at the summary of the trade…

  • Entry- H1 Bearish Engulfing Candle at 147.930
  • Stop loss- Above 148.230
  • Take profit- 146.860
  • 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 JPY looks Bullish today. All other JPY pairs have been active. The EURJPY made a breakout on the intraday charts. It is heading towards the South already. The USDJPY seems Bearish, although it has not made any breakout yet. This is where the London open and the New York open are important. The GBPJPY traders should keep their eyes on the London open to make the most of this trade setup.

The post GBPJPY Price Action Analysis – 17th Oct 2018 appeared first on Advanced Forex Strategies.

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