Wednesday, December 12, 2018

CryptoCurrency News: Crypto 2018 Was a Tale Told By An Idiot – But It Doesn’t Have to Signify Nothing

James Greaves is the co-founder of Glyph, an identity service built for the blockchain era. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review.  I’m completely out of crypto and I’ve been selling my bitcoin and ether all year. Does that disgust you? Disappoint you? If you just met me, I’m guessing […]

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[FOREX TIP] GBPCAD Price Action Analysis – 13th Dec 2018

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GBPCAD made a strong bearish move on the H4 chart. The price seems to have found a strong level of support from where it had a bounce earlier as well. After finding the support, the price produced 4 consecutive H4 bullish engulfing candles and then started having a correction. If the price now produces an H4 bullish engulfing candle and makes an H1 breakout at the level of resistance, then buying the pair would get us some green pips. Let us have a look at the H4 GBPCAD chart.

GBPCAD Price Action Analysis – 13th Dec 2018

GBPCAD Price Action Analysis – 13th Dec 2018

The chart shows that the price produced an H4 doji candle first, then a bullish candle. The next one is the candle which set the tone. That is an H4 bullish engulfing candle which has been pushing the price to go towards the North. The level of 1.69195 is the level to be broken by an H1 candle and the H4 bullish engulfing candle is to be produced at the level of 1.68330. Let us have a look at the summary of the trade…

  • Buy Stop Order: 1.69195
  • Stop Loss: 1.68330 
  • Take Profit: 1.70630
  • 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

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Big time frames such as Monthly, Weekly show that the pair is going downwards. However, H4 chart shows here that the pair might make an upward move today. What I am trying to say is H4 chart does not have that much to do with the Monthly or the Weekly chart. But it does have a very strong relation with the Daily chart.

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The post GBPCAD Price Action Analysis – 13th Dec 2018 appeared first on Advanced Forex Strategies.

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CryptoCurrency News: Report: Venezuela Is Forcibly Converting Pension Balances to the Petro

Venezuela has reportedly begun automatically converting residents' pensions into its controversial cryptocurrency.

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CryptoCurrency News: Former AriseBank Execs Settle Charges in SEC ICO Fraud Lawsuit

The SEC has settled charges with AriseBank's former CEO and COO, requiring the two to pay $2.7 million in disgorgement and $187,000 in penalties.

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CryptoCurrency News: Deutsche Telekom, Alibaba Cloud, Citi Join Hyperledger Blockchain Project

Hyperledger has added 16 new members, including Deutsche Telekom, Europe's biggest telecommunications provider and Alibaba's cloud computing subsidiary.

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CryptoCurrency News: Ethereum’s Geth Software Upgrades Ahead of January Hard Fork

Geth has locked ethereum's upcoming Constantinople hard fork into its latest code release.

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CryptoCurrency News: Novogratz’s Galaxy Digital Backs $4 million Raise for Crypto-Lender BlockFi

BlockFi, a startup that offers U.S. dollar loans against crypto collateral, has raised $4 million from Mike Novogratz's Galaxy Digital and others.

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CryptoCurrency News: Allianz Global Investors Chief Calls for Cryptocurrency Ban

The CEO and global CIO of Allianz's investment arm has said cryptocurrencies should be banned by regulators.

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CryptoCurrency News: Romper Room to White Linen: Saying Goodbye to Crypto’s Infant Anarchy

As the crypto markets have matured, they've seen increasing acceptance with traditional finance and regulators, but there's still a way to go.

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CryptoCurrency News: Bitcoin Price Charts Indicate Glimmer of Hope for Corrective Rally

Bitcoin's struggle to build a notable bounce could end if prices beat key resistance above $3,600.

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CryptoCurrency News: Kraken Is Seeking ‘War Chest’ Investment at a $4 Billion Valuation

Crypto exchange Kraken is seeking investment from select clients with a minimum $100,000 buy-in.

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CryptoCurrency News: Cheap Power Is Luring Battered Bitcoin Miners to Iran

Some crypto miners are looking to Iran for its low-cost power – but the path to setting up shop in the country is anything but simple.

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[FOREX TIP] What is Copy Trading?

The post What is Copy Trading? appeared first on Advanced Forex Strategies.

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CryptoCurrency News: 10-Year Jail Term Sought for Former Mt Gox CEO Mark Karpeles

Japanese prosecutors are seeking a 10-year sentence for former Mt. Gox CEO Mark Karpeles over embezzlement of user funds.

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CryptoCurrency News: Payments Startup Bitwala Now Offers Crypto Banking in Germany

Germany-based payments startup Bitwala is now offering crypto banking services in the country in partnership with local fintech firm SolarisBank.

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