Thursday, November 29, 2018

CryptoCurrency News: Developers Rally Around Ethereum 1x, A New Roadmap for Faster Scaling

Ethereum developers are aggregating efforts to implement ethereum 1x – a new proposed upgrade intended to act as the intermediary bridge to ethereum 2.0.

via CoinDesk

CryptoCurrency News: SEC Fines Floyd Mayweather, DJ Khaled for ICO Promotions

Floyd Mayweather and DJ Khaled settled charges with the SEC, which said they promoted ICOs without disclosing payments from token issuers.

via CoinDesk

CryptoCurrency News: US Judge Denies SEC Push for Injunction Against Crypto Startup

A US District Judge ruled that the SEC has not yet provided sufficient evidence that Blockvest broke securities laws.

via CoinDesk

CryptoCurrency News: Sirin Labs’ $999 Blockchain Phone Will Start Shipping in December

The Finney phone should begin shipping next month. It aims to stand out from the rest with a built-in cold storage wallet.

via CoinDesk

CryptoCurrency News: Coinbase Adds Privacy Coin Zcash To Pro Trading Exchange

Coinbase Pro is adding support for the privacy coin zcash.

via CoinDesk

CryptoCurrency News: Iranian Bitcoin Users Are Already Being Affected By New US Sanctions

New sanctions from the US government are driving Iranian bitcoin users to pursue more secure and private wallet solutions.

via CoinDesk

CryptoCurrency News: Bitcoin Mining Giant Holds Flash Sale to Celebrate Price ‘Bottom’

Bitcoin miner maker Canaan Creative has revealed it is temporarily cutting prices to "celebrate" bitcoin's recent price rise.

via CoinDesk

CryptoCurrency News: Fidelity Looking to Expand Digital Asset Trading Beyond Bitcoin and Ether

Fidelity Investments is looking to expand its institutional crypto asset platform to include trading services for the top five to seven cryptocurrencies by market cap.

via CoinDesk

CryptoCurrency News: ConsenSys Leads $2.1 Million Funding Round for Ethereum Privacy Startup

ConsenSys Labs has led a $2.1 million seed round for AZTEC, a startup working to make ethereum transactions private.

via CoinDesk

CryptoCurrency News: Coinbase, DCG Lead $4.5 Million Seed Round for Crypto Evaluation Startup

Coinbase Ventures, DCG and others have provided $4.5 million in funding for an analytics startup that wants investors to think beyond market cap.

via CoinDesk

CryptoCurrency News: Blockchain Oil Trading Platform Backed by Shell and BP Is Now Live

A blockchain platform built by a group of major firms to bring new efficiencies to energy commodities trading has gone live.

via CoinDesk

CryptoCurrency News: Bull Reversal? Bitcoin Sees Biggest Single-Day Price Gain Since April

Bitcoin is teasing a short-term bullish reversal, having just recorded its biggest single-day gain in seven months.

via CoinDesk

CryptoCurrency News: Mike Novogratz’s Crypto Bank Reports $76 Million Q3 Loss

Mike Novogratz’s crypto merchant bank, Galaxy Digital Holdings, has reported a net loss of $76.65 million for Q3 2018.

via CoinDesk

CryptoCurrency News: FBI Arrests AriseBank CEO Over $4 Million Crypto Fraud

The FBI has arrested the CEO of cryptocurrency platform AriseBank after he was indicted over an alleged multi-million dollar scam.

via CoinDesk

[FOREX TIP] EURGBP Price Action Analysis – 29th Nov 2018

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EURGBP has been down trending on the H4 chart by obeying a Trendline. The price is approaching the level of resistance, so it may be the time for the H4 chart trader to keep an eye on the pair to get an H4 Bearish Engulfing Candle to go short on the pair. Let us have a look at the H4 EURGBP chart.

EURGBP Price Action Analysis – 29th Nov 2018

EURGBP Price Action Analysis – 29th Nov 2018

As the chart suggests that the price has been down trending by obeying a Trendline. Moreover, the price is approaching the level of 0.88780 which is a very significant level of horizontal resistance. The price had reacted to that level heavily earlier. If the price goes back to the level and the level produces an H4 Bearish Engulfing Candle, then selling the pair would get us some green pips. Summary of the trade…

  • Sell Limit Order: 0.88780
  • Stop loss:  0.89500
  • Take profit: 0.87900
  • 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 level we are aiming at producing the H4 Bearish Engulfing Candle that would be a Dynamic Resistance Level. It is called Dynamic Resistance Level because a horizontal resistance line and trendline resistance line both meet at that point. Dynamic Resistance Point or Dynamic Support Point both have a huge impact in the Forex market. If they end up producing an Engulfing candle to the direction of the trend, very rarely an entry would go wrong. This means two equations we have to remember here

  1. Dynamic Support/Resistance Point
  2. Bullish/Bearish Engulfing Candle

We just this powerful Price Action Scanner to find us the best trades everyday.


The post EURGBP Price Action Analysis – 29th Nov 2018 appeared first on Advanced Forex Strategies.

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