CryptoCurrency News: Ethereum ASICs Are Here: What It Means and What's Next

After weeks of speculation, Bitmain has announced an ASIC for ethereum mining, spurring the developer community into action to try and block its use.

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CryptoCurrency News: US Insurance Giants UnitedHealth and Humana Launch Blockchain Pilot

Two of the nation's largest health insurers are looking to blockchain technology to reconcile data in the health care system.

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CryptoCurrency News: OKEx Denies Manipulation Claims After Bitcoin Futures Rollback

Hong Kong-based crypto exchange OKEx is saying it had no role in its exchange's irregularity from last week.

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CryptoCurrency News: E-Commerce Giant Alibaba Blasts 'Alibabacoin' in Trademark Lawsuit

Chinese multinational Alibaba is suing a Dubai-based firm who allegedly used the company's branding to promote and profit from an ICO.

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CryptoCurrency News: Justice Department Charges Founders of Mayweather-Backed ICO

Federal authorities have charged the founders of Centra Tech with securities and wire fraud, shortly after their ICO was shut down by the SEC.

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CryptoCurrency News: Korea's Crypto Exchanges Pledge Market Cleanup

While the crypto market has seen a major correction recently, Korean exchanges show future optimism and double down on self-regulation efforts.

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CryptoCurrency News: Bitmain Confirms Release of First Ethereum ASIC Miners

Bitcoin mining hardware firm Bitmain unveiled its long-rumored ethereum mining tech on Monday.

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CryptoCurrency News: Down 50%: Q1 Was Bitcoin's Second Worst Quarter Ever

Bitcoin fell by 50 percent in the first three months of 2018 – a drop that marks the cryptocurrency's worst Q1 performance on record.

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CryptoCurrency News: Liechtenstein to Avoid 'Excessive' Blockchain Regulation: Prime Minister

Liechtenstein's government is drafting blockchain legislation, but will not be heavy-handed, Prime Minister Adrian Hasler has told CoinDesk.

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CryptoCurrency News: Don't Forget the 'Other' Cryptocurrency Tax

If cryptocurrency gains acceptance as a means of exchange, it’s sure to raise the ire of governments hungry for revenue from sales taxes.

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CryptoCurrency News: Japanese Brokerage Firm May Acquire Hacked Coincheck Exchange

Tokyo-based cryptocurrency exchange Coincheck, which suffered a major hack early this year, may soon be under new management, reports say.

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CryptoCurrency News: Acid Test: Bitcoin Must Break $7,800 for Bull Reversal

Bitcoin's recovery is gathering pace, but only an upside break of the falling channel would confirm a bullish trend reversal

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[FOREX TIP] NZDUSD Price Action Analysis – 3rd April 2018

NZDUSD has made a significant Bullish move on the H4 chart. The pair produced a Bearish H4 candle first and then produced a huge Bullish Engulfing candle. This is a Double bottom level as well. This means the price might head towards the upside to make new higher high. If the price comes down to make a correction and produces an H1 Bullish Engulfing candle, then buying the pair would get us some green pips. Let us have a look at the H4 NZDUSD chart.

NZDUSD Price Action Analysis – 3rd April 2018

See that massive H4 Bullish Engulfing candle. This has set the Bullish tone on the pair. If the current candle makes a breakout at the level of 0.72390 and then we get an H1 Bullish Engulfing candle right on that level as well at the time of correction that would be the buying signal. Let us have a look at the summary of the trade…

• Buy Stop Order: 0.72390
• Stop Loss: 0.71940
• Take Profit: 0.73000
• 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

If the current H4 candle finishes above the breakout line and we get an H4 inside bar finishes within the breakout line, then we would wait for the H1 Bullish Engulfing candle to take the long entry. However, if the price keeps going up and does not come back today, then we might as well not take the entry today, but wait until tomorrow for an H4 correction. That would be another game. Meanwhile, for today, let us hope that it produces an H4 inside bar after the H4 breakout.

NZDUSD Price Action Analysis – 3rd April 2018

 

The post NZDUSD Price Action Analysis – 3rd April 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

CryptoCurrency News: New AML Rules for Australia's Bitcoin Exchanges Kick In Today

Australia’s cryptocurrency exchanges must now follow new rules aimed to counter money laundering and terrorism financing.

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CryptoCurrency News: Bitcoin's Lightning Network Is Being Attacked for Its Own Good

The lightning network is under attack. But it's not money attackers are after, they say, but a robust, secure lightning network for the future.

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CryptoCurrency News: Messaging Giant Line to Launch South Korean Blockchain Subsidiary

Japan-based social messaging platform Line is launching a blockchain-focused subsidiary in South Korea.

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