Thursday, March 19, 2020

CryptoCurrency News: Traders Finding More Arbitrage Opportunities in Bitcoin

Prices in the crypto market are seeing such a steep upward trend that arbitrage traders are able to trade between exchanges to easily capture profit.

via CoinDesk

CryptoCurrency News: The Coronavirus API Delivers Vital Statistics Unmediated by Government Hands

Coronavirus API aggregates and presents real-time information related to the coronavirus pandemic.

via CoinDesk

CryptoCurrency News: Israeli Bitcoiners See Surveillance as Unavoidable During Coronavirus Crisis

Tracking mobile-phone data may save lives during the pandemic, but will it become a permanent feature of the surveillance state?

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CryptoCurrency News: Thousands of These Computers Were Mining Cryptocurrency. Now They’re Working on Coronavirus Research

CoreWeave, the largest U.S. miner on the Ethereum blockchain, is redirecting the processing power of 6,000 specialized computer chips toward research to find a therapy for the coronavirus. These graphics processing units (GPUs) will be pointed toward Stanford University’s Folding@home, a long-standing research effort that unveiled a project on February 27 specifically to boost coronavirus […]

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CryptoCurrency News: Huobi Adds Crypto ‘Circuit Breaker’ After Last Week’s Mass Liquidations

The new liquidation mechanism would pull the plug on futures trading should prices become too volatile.

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CryptoCurrency News: Bitcoin News Roundup for March 19, 2020

Chewie, we're home. The markets correct as dollars flash red. Plus, a COVID-19 song. This is CoinDesk's Markets Daily podcast.

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CryptoCurrency News: Judge Calls Out Kleiman Attorneys Over ‘Excessive’ Fees in Craig Wright Case

The Florida judge has now approved fees and expenses amounting to about a quarter of the amount claimed.

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CryptoCurrency News: Bitcoin in Zimbabwe – Part 1 of a New Documentary Podcast Series

After three weeks of listening, recording and talking bitcoin in Africa, podcaster Anita Posch shares her experiences in part one of this new six-part documentary podcast series.

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CryptoCurrency News: Storj’s Decentralized Cloud Storage Service ‘Tardigrade’ Goes Live

The storage system splits files and stores them on multiple nodes to provide more security than centralized alternatives.

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CryptoCurrency News: VC Deals in Crypto Remained Steady but Amount Invested Fell in 2019: Report

As younger companies are raising more, larger businesses didn’t come back for extra capital.

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CryptoCurrency News: Thai Remittance Platform Starts Processing Ripple Payments

DeeMoney has become the first non-banking institution to use RippleNet in Thailand.

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CryptoCurrency News: Bitcoin Sees 9% Gain as Turmoil Hits the Forex Markets

Bitcoin is gaining amid a selloff in most fiat currencies and could rise further if the U.S. stock markets track European equities higher.

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CryptoCurrency News: CME Bitcoin Options Volume Hits Record Low, While Bakkt Goes Weeks With No Trades

Demand for bitcoin options on regulated U.S. derivatives exchanges has dried up even as price volatility reaches record highs.

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CryptoCurrency News: Crypto Progressives Become Conservative With Their Own Chains

Those who style themselves as crypto progressives when rejecting the orthodoxy almost inevitably become crypto conservatives as they settle on a system they like, says Nic Carter.

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CryptoCurrency News: Swiss Blockchain Exchange SDX Hires ConsenSys Startup Boss to Head Business

Tim Grant, formerly the CEO of ConsenSys-backed DrumG Technologies, is to become head of business at SDX.

via CoinDesk

[FOREX TIP] EUR/USD Daily Price Forecast – 19th March 2020

EURUSD has been bearish on the daily chart for several days. The price consolidated for a day; produced a bearish engulfing candle and continued its journey with more bearish momentum. The H4 chart looks very bearish as well. The price consolidated and found its resistance. It produced a Doji candle. If the price heads towards the South and makes a bearish breakout at the level of support, the sellers may go short on the pair and makes some green pips. Let us have a look at the H4 EURUSD Chart.

This trade idea was generated by our powerful Elite Swing Trader System on an H4 time frame.

EUR/USD Daily Price Forecast – 19th March 2020

EUR/USD Daily Price Forecast – 19th March 2020

The price had a bounce at the level of 1.08170 and it found its resistance at the level of 1.09200. The level of resistance has already produced a Doji candle. If the price gets bearish and makes a breakout at the level of 1.08170, the price may head towards the level of 1.06450 with good bearish momentum. Let us have a look at the summary of the trade…

  • Sell Limit: 1.09817
  • Stop Loss: 1.10692
  • Take Profit: 1.08558

The price may consolidate around the level of 1.0750 since it is a daily level of support. The way the recent market has been, the price may make a daily breakout at the daily support as well. Thus, the sellers may consider taking a partial profit at the take profit level and let the rest of the trade run. Traders may use trailing stop too since the market might get extremely volatile because of the Covid-19 issue. Let us all be safe with our investment and our life.

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The post EUR/USD Daily Price Forecast – 19th March 2020 appeared first on Advanced Forex Strategies.

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