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Wednesday, October 31, 2018

CryptoCurrency News: Bitcoin's White Paper Is Not a Bible – Stop Worshipping It



Software evolves, read-only text documents do not.

via CoinDesk

[FOREX TIP] NZDUSD Price Action Analysis – 1st Nov 2018

NZDUSD has been Bearish on the H4 chart. Yesterday’s Daily candle came out as a strong Bearish candle. However, today’s first H4 candle came out as a Bullish Engulfing candle and was produced at a significant level of Support. This means H4 NZDUSD chart has something to offer if we get an upside breakout. Let us have a look at the H4 NZDUSD chart.

NZDUSD Price Action Analysis – 1st Nov 2018

NZDUSD Price Action Analysis – 1st Nov 2018

The level of 0.65100 is the level of Support here. That massive H4 Bullish Engulfing Candle makes a strong statement that the pair might have found a strong level of Support here. The current H4 candle has been a Bullish candle too. Now what we have to wait here for is an upside breakout. The level of 0.65670 is the level of Resistance, which has to be broken. This means this is the breakout level that holds the key for the whole equation. Let us have a look at the summary of the trade…

  • Buy Stop Order: 0.65670
  • Stop loss: 0.65100
  • Take profit: 0.66550
  • 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

NZDUSD pair had been Bearish on the H4 chart for a long time. The pair seemed to make some upward correction first. However, at the moment it seems that the pair had some downward correction on the Daily chart. Thus, if it starts going upward then the pair would be heading towards the North on the Daily chart. So the chart we have shared, this move can be a vital move. Let us keep our eyes on the pair to find out what happens.

The post NZDUSD Price Action Analysis – 1st Nov 2018 appeared first on Advanced Forex Strategies.



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CryptoCurrency News: Morgan Stanley Report Says Crypto Now An Institutional Asset Class



Cryptocurrencies are now a new institutional investment class, rather than a fully developed electronic cash, a Morgan Stanley report says.

via CoinDesk

CryptoCurrency News: Tether's Price Has Stabilized, But the Stablecoin's Supply Is Still Shrinking



Crypto exchanges are shedding tethers by the million, and millions of USDT are ending up at Bitfinex. From there, they are taken out of circulation.

via CoinDesk

CryptoCurrency News: Vitalik Ends Devcon Talk With Sing-a-Long About Failed Ethereum Ideas



At the Devcon4 developer conference, the founder of ethereum presented the current roadmap to a more scalable network – and a song.

via CoinDesk

CryptoCurrency News: Coinbase's Head of Trading Resigns After Six Months on Job



The head of trading at Coinbase, Hunter Merghart, has resigned just six months after joining the crypto startup from Barclays, CoinDesk has learned.

via CoinDesk

CryptoCurrency News: Former Fed Chair Janet Yellen Is Now a Bitcoin Owner



A member of the crypto community has gifted former Fed chair Janet Yellen some bitcoin in response to her negative comments on the cryptocurrency.

via CoinDesk

CryptoCurrency News: Planting Bitcoin Part Four: Gardening



Once Satoshi's design for Bitcoin's genetic code was planted, it became time to nurture its development as a wholly new form of money.

via CoinDesk

CryptoCurrency News: Indian Officials Met to Discuss Possible Ban on 'Private Cryptocurrencies'



The Indian government is considering imposing a ban on what it calls "private cryptocurrencies," according to an official release.

via CoinDesk

CryptoCurrency News: Promise: A Startup Based on an Anonymous Paper Plans to Replace ACH



With $47 trillion flowing through it every year, ACH is a juicy target for blockchain disruption. Can a new startup called Promise pull it off?

via CoinDesk

CryptoCurrency News: Hong Kong Stock Exchange Taps Digital Asset for Post-Trade Blockchain Trial



The Hong Kong Stock Exchange has teamed up with DLT startup Digital Asset to develop a blockchain platform for post-trade processing.

via CoinDesk

CryptoCurrency News: The Pen Is Mightier Than the Sword? Bitcoin's White Paper Proves It



The pen is mightier than the sword, or so Satoshi Nakamoto proved with bitcoin.

via CoinDesk

CryptoCurrency News: October Close May Prove Decisive for Bitcoin Price



Bitcoin's monthly close today may reveal the cryptocurrency's directional bias after a long period of low volatility.

via CoinDesk

CryptoCurrency News: EY Reveals Zero-Knowledge Proof Privacy Solution for Ethereum



EY has announced a prototype that uses zero-knowledge proofs to allow companies to create ethereum tokens while keeping transaction private.

via CoinDesk

CryptoCurrency News: The Bitcoin White Paper's Birth Date Should Give Us All a Scare



Knowing Satoshi, Halloween was no coincidence.

via CoinDesk

[FOREX TIP] Gold Price Action Analysis – 31st Oct 2018

GOLD price is at an interesting level. The H4 chart shows that the level was obeyed by the price a number of times. By looking at the H4 chart, it seems that if the level is held as the Support level and we get an upward breakout, then Gold price would head towards the North.

Gold Price Action Analysis – 31st Oct 2018

Gold Price Action Analysis – 31st Oct 2018

The level of 1219.25 is the level, which holds the key. If this level continues to hold the price and produces an H4 Bullish Engulfing Candle, then we might get an opportunity to buy Gold and make some green pips. The level of 1222.99 is the level to be broken here by an H4 candle. If we get an H4 breakout and an H1 Bullish Engulfing Candle right at the breakout level at the time of correction, then Gold would head towards the level of 1235.55. Let us have a look at the summary of the trade…

  • Buy Stop Order: 1222.99
  • Stop loss: 1219.25
  • Take profit:  1235.55
  • 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 Support level that holds the key here is an important level. We are assuming that the level would act as the Support level here; however, it could work as a level of Resistance here if the price of Gold keeps going towards the downside and makes an H4 breakout at that level. Things would be very different. We would have to look for Short opportunities instead of buying opportunities then. Let us wait and see what actually happens here.

The post Gold Price Action Analysis – 31st Oct 2018 appeared first on Advanced Forex Strategies.



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