CryptoCurrency News: Don't Ban Crypto, Says Former FDIC Chief Sheila Bair

Former FDIC head Sheila Bair believes cryptocurrency prices should be left to the market to establish, according to Barron's.

via CoinDesk

CryptoCurrency News: Fake Website Scam Targets Aspiring Telegram ICO Investors

Scammers masquerading as "the Telegram Foundation" are trying to defraud users through a fake public ICO.

via CoinDesk

CryptoCurrency News: Trump Sanctions on North Korea Won't Stop Crypto Hacks, Senator Says

One U.S. senator thinks the Trump administration isn't doing enough to deter North Korean attacks on cryptocurrency users and exchanges.

via CoinDesk

CryptoCurrency News: Overstock Defends tZero ICO: SEC Subpoenaed 'Everyone Else'

Overstock is pushing back against the idea an inquiry into its tZero ICO is part of a broader SEC effort to crackdown on poor industry practices.

via CoinDesk

CryptoCurrency News: Crypto Startup Blockchain Partners With UN on Sustainability Goals

Cryptocurrency wallet startup Blockchain is partnering with the United Nations to explore applications of blockchain in a range of areas.

via CoinDesk

CryptoCurrency News: AMD: GPU Business Could Take Hit If Crypto Miners Stop Buying

AMD expressed concern in a new SEC filing about the potential impact of a drop in GPU demand from crypto miners.

via CoinDesk

CryptoCurrency News: Nigeria's Central Bank Again Warns on Crypto Investments

The Central Bank of Nigeria has issued another warning to residents and financial institutions over the risk of cryptocurrency investments.

via CoinDesk

CryptoCurrency News: US Regional Banks Begin to Cite Crypto as Business Risk

It's not just America's biggest banks that are worried about cryptocurrency adoption, public filings show.

via CoinDesk

CryptoCurrency News: Litecoin Booms in February But 'Golden' Crypto Takes Price Podium

Lesser known DigixDao was February's top-performing large-cap cryptocurrency, data from CoinDesk reveals.

via CoinDesk

CryptoCurrency News: Payment Provider Fleetcor to Pilot Ripple's XRP Cryptocurrency

Workforce payment services provider Fleetcor has announced a pilot using xRapid, a product powered by Ripple's XRP cryptocurrency.

via CoinDesk

CryptoCurrency News: Overstock: $250 Million tZero ICO Under SEC Review

Overstock.com blockchain subsidiary tZero has made a sudden change to the way it is conducting a significant step in its ongoing ICO.

via CoinDesk

CryptoCurrency News: Banking Giants Send $30 Million in Securities over DLT Platform

Credit Suisse and ING say they have successful sent securities worth €25 million ($30 million) over a system built with R3's Corda.

via CoinDesk

CryptoCurrency News: Russia Eyes Summer Deadline for New Cryptocurrency Laws

Russia is reportedly hoping to pass long-discussed new cryptocurrency legislation by July 1, a report suggests.

via CoinDesk

CryptoCurrency News: In Consolidation Mode, Bitcoin Awaits Decisive Move

Bitcoin is stuck in $10,000 range and could witness a big move in either direction, technical charts indicate.

via CoinDesk

CryptoCurrency News: Singapore Weighs Need for New Rules to Protect Crypto Investors

Singapore's de facto central bank, the Monetary Authority of Singapore, is looking at whether new regulations are needed to protect crypto investors.

via CoinDesk

[FOREX TIP] AUDCAD Price Action Analysis – 1st Mar 2018

AUDCAD made a massive Bearish move on the H4 chart. The price seems to have made a breakout towards the downside. We see three consecutive good-looking Bearish H4 candles. It is the time for a consolidation and a breakout at a Horizontal Support level to take a short entry on the pair. Let us have a look at the H4 AUDCAD chart.

AUDCAD Price Action Analysis – 1st Mar 2018

Have a look at those three consecutive H4 Bearish candles. One of them made a breakout at an Up trending Trend line and kept coming down with strong selling pressure. The level of 0.99090 is the level of Support here. Most probably, the level of 0.99290 would work as a level of Resistance of the consolidation. If the level is held as the Resistance during the consolidation and makes a breakout at the level of 0.99090 by producing an H4 Bearish Engulfing Candle, then selling the pair would offer us an excellent risk and reward ratio. By looking at the chart, it seems that the price would reach the level of 0.98350 without having that many pauses. Let us have a look at the summary of the trade…

• Sell Stop Order: 0.99090
• Stop Loss: 0.99290
• Take Profit: 0.98350
• 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

Since it is a chart setup on the H4 chart, it might take a day to produce the H4 signal candle. I mean to say, we have to be very patient to take the entry and to take the profit out. Do not be in a rush with this setup. Be patient and it would pay you back.

 

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