Software evolves, read-only text documents do not.
via CoinDesk
Wednesday, October 31, 2018
[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
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.
from Advanced Forex Strategies
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.
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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.
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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.
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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.
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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.
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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.
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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?
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CryptoCurrency News: Hong Kong Stock Exchange Taps Digital Asset for Post-Trade Blockchain Trial
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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.
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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.
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[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
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.
from Advanced Forex Strategies
Tuesday, October 30, 2018
CryptoCurrency News: Crypto Price Tracker Poses Malware Threat for Macs: Report
A legitimate-looking cryptocurrency price tracker app may also be monitoring users' keystrokes, according to Malwarebytes.
via CoinDesk
CryptoCurrency News: Crypto Wallet Maker Ledger to Expand Support for Stablecoins, Including Tether
Benjamin Soong, Ledger's newly hired head of Asia-Pacific operations, says tether remains popular in the region despite the token's recent troubles.
via CoinDesk
CryptoCurrency News: Data Shows Millions Leaving Crypto Wallets Tied to Long-Troubled Exchange
Binance has frozen accounts that received more than 93,000 ether (over $18.9 million) from wallets indirectly linked to troubled Russian exchange WEX.
via CoinDesk
CryptoCurrency News: New Bank of America Patent Hints at Plan to Store Cryptocurrency Keys
A new Bank of America patent outlines a "hardened storage device" that can protect private keys from theft.
via CoinDesk
CryptoCurrency News: Former Fed Chair Janet Yellen Is 'Not A Fan' of Bitcoin
Janet Yellen pointed to transaction speeds and market volatility as reasons she's not bullish on bitcoin.
via CoinDesk
CryptoCurrency News: The Godfather of Ethereum ICOs Wants to Let Investors Take Their Money Back
Fabian Vogelsteller has proposed a method for safer ICOs, by allowing investors to withdraw funds.
via CoinDesk
CryptoCurrency News: ETH, LTC, DASH and NEO Just Erased Their 2018 Price Gains
Ether, litecoin, dash and neo are now down year-over-year and trading at their lowest total in over 12 months.
via CoinDesk
CryptoCurrency News: This New Ethereum Software Client Is Built With Enterprises in Mind
Unlike other enterprise versions of ethereum, ConsenSys' new Pantheon has a less-restrictive software license and uses Java as a programming language.
via CoinDesk
CryptoCurrency News: Coinbase Hits $8 Billion Valuation After $300 Million Raise
U.S.-based cryptocurrency exchange Coinbase has just announced $300 million in new funding via a Series E round.
via CoinDesk
CryptoCurrency News: Parity to Help Zcash (the Currency) Gain Independence From Zcash (the Startup)
The Zcash Foundation is partnering with an ethereum startup on a project that could boost interoperability across the crypto ecosystem.
via CoinDesk
CryptoCurrency News: Bitcoin Price Faces Drop to $6.1K After Range Breakdown
The bear grip on bitcoin has likely strengthened following yesterday's drop to two-week lows.
via CoinDesk
CryptoCurrency News: Bitcoin Trader Pleads Guilty Over Unlicensed Exchange Business
A bitcoin trader from California has pleaded guilty to operating an unlicensed money transmission business and now faces up to five years in prison.
via CoinDesk
Monday, October 29, 2018
CryptoCurrency News: The New Effort to Get Bitcoin's Lightning Network In Every Browser
Devs are looking to make bitcoin's layer-two lightning network compatible with a payment standard used by all major browsers – and so far, so good.
via CoinDesk
[FOREX TIP] AUDJPY Price Action Analysis – 30th Oct 2018
AUDJPY might have found a strong level of Support. The H4 chart shows that the price is heading towards the North. Today’s price action has been Bullish too. Thus, a breakout towards the North would make the price go towards the North further. Let us have a look at the H4 AUDJPY chart.
AUDJPY Price Action Analysis – 30th Oct 2018
The level of 79.220 seems to be a very strong level of Support. The price reacted heavily to this level earlier. Now have a look at today’s first H4 candle. The candle came out as a strong Bullish candle. The next candle (current candle) seems to be Bullish so far. If the price continues to go towards the North and makes an H4 breakout at the level of 79.720, then we would have to wait for a correction and an H1 Bullish Engulfing Candle right at the breakout level to take a long entry. Let us have a look at the summary of the trade…
- Buy Stop Order: 79.720
- Stop loss: 79.220
- Take Profit: 80.530
- 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
There is a good thing about AUDJPY. The pair makes a breakout, correction and produces the signal candle entry well ahead than other pairs. AUDNZD is like AUDJPY as well. The reason behind that is the AUD, the JPY and the NZD they start their working hour ahead of other pairs such as the USD, the GBP, the CAD, etc. Almost all the JPY pairs look good today. However, I assume it would be AUDJPY to offer the entry earlier than other pairs.
The post AUDJPY Price Action Analysis – 30th Oct 2018 appeared first on Advanced Forex Strategies.
from Advanced Forex Strategies
CryptoCurrency News: Russian Diamond Giant Signs Onto De Beers' Blockchain Tracking Platform
Alrosa, the world's second-largest diamond producer, is joining the blockchain pilot program spearheaded by De Beers to trace the stones' provenance.
via CoinDesk
CryptoCurrency News: Planting Bitcoin Part Three: Soil
The bitcoin white paper wasn't written for no one. It was a carefully targeted message designed to bootstrap growth.
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CryptoCurrency News: Ethereum's Biggest Enterprise Group Is Releasing New Software Specs
The largest blockchain consortium has released its latest round of specifications – the next steps to harmonizing the way big companies use ethereum.
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CryptoCurrency News: UK Government Says It Will Update Crypto Tax Guidance By Early Next Year
The UK Cryptoassets Taskforce wants to encourage the development of distributed ledger technology, according to a final report published Monday.
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CryptoCurrency News: Privacy Crypto Zcash Goes Live With 'Sapling' Network Hard Fork
The zcash protocol implemented its Sapling upgrade on Sunday in the hopes of making transactions faster and more secure.
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CryptoCurrency News: Ripple Hires Former Google Exec as VP of Products
Blockchain payments startup Ripple has hired Google's former messaging lead as its vice president of products.
via CoinDesk
CryptoCurrency News: Paradigm Leads $30 Million Funding for Crypto Privacy Startup StarkWare
StarkWare, the company behind the zk-STARKS privacy tech, just raised $30 million in equity funding from a number of major firms.
via CoinDesk
CryptoCurrency News: Bitcoin Price Drops $200 to Hit Two-Week Low
After nearly two weeks stagnating around $6,400, bitcoin has suddenly dropped out of a narrow trading range to hit two-week lows.
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CryptoCurrency News: Nine Japanese Banks to Trial Blockchain Settlement Using Fujitsu Tech
Nine Japanese banks are teaming up to trial a blockchain-based inter-bank settlement system using Fujitsu technology.
via CoinDesk
CryptoCurrency News: Singapore Power Unveils Blockchain Market for Renewable Energy Trading
Singapore's energy utilities provider has launched a blockchain-powered marketplace for trading renewable energy certificates.
via CoinDesk
CryptoCurrency News: Institutions Are Coming for Your Crypto
A clash of cultures is looming, as institutional investors eye the cryptocurrency markets.
via CoinDesk
CryptoCurrency News: Bitcoin Price May Report Yearly Loss on Its 10th Birthday
With bitcoin trading sideways around $6,400 for the 10th day, the cryptocurrency faces reporting a yearly loss for its 10th birthday on Wednesday.
via CoinDesk
CryptoCurrency News: Bitcoin Exchange Bitstamp Confirms Sale to Gaming Group NXC
The Bitstamp cryptocurrency exchange has been acquired by NXMH, an investment firm owned by South Korean conglomerate NXC.
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CryptoCurrency News: Cryptocurrency Exchange Coincheck Reports Over $5 Million Loss in Q3
Coincheck, the Japanese crypto exchange that suffered a $520 million hack in January, has reported increased losses for Q3 2018.
via CoinDesk
CryptoCurrency News: The Race to Replace Tether (In 3 Charts)
Tether has had a difficult month, and rivals are eyeing its position as the top crypto "stablecoin." Here's how the contest plays out in the data.
via CoinDesk
Sunday, October 28, 2018
[FOREX TIP] GBPCAD Price Action Analysis – 29th Oct 2018
GBPCAD took a strong Bearish move on the H4 chart. Last Friday’s candle came out as a Bullish candle though. Thus, it might be the time for the pair to make a move towards the North. Let us have a look at the H4 GBPCAD chart.
GBPAUD Price Action Analysis – 29th Oct 2018
As we see after being Bearish, the pair seemed to have found a level of Support. The price had a bounce from the level of 1.67590 three times. The level has been held by today’s price action as well. If the price keeps going up and makes an upward breakout at the level of 1.68450, then buying the pair would get us some green pips. Let us have a look at the summary of the trade…
- Buy Stop Order: 1.68450
- Stop loss: 1.67590
- Take Profit: 1.70140
- 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
None of the currency in the pair has any high impact news event today. Thus, the pair would run technically. However, the CAD has a high impact news event tomorrow at GMT 19.30. The pairs that are related with the CAD would get some volatility for the news event tomorrow. If everything goes well with today’s trade setup and we get the chance to take the entry, then we will have enough time to keep our entry and hit the target. Another thing we might have to take into account, the current month is about to be ended. The market will run smoothly for a day or two before the month end volatility takes place.
The post GBPCAD Price Action Analysis – 29th Oct 2018 appeared first on Advanced Forex Strategies.
from Advanced Forex Strategies
CryptoCurrency News: Taiwanese Lawmaker Proposes New Business Category for Crypto Startups
Taiwanese legislator Jason Hsu wants the island to create a new business category for cryptocurrency activities, he said Friday.
via CoinDesk
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