CryptoCurrency News: Crypto Exchange Huobi Acquires Public Firm for $70 Million

Crypto exchange Huobi has become the largest shareholder of a public firm listed in Hong Kong, inching a step closer to a possible back-door listing.

via CoinDesk

[FOREX TIP] NZDUSD Bullish Butterfly Harmonic Pattern – 30th August 2018

NZDUSD Bullish Butterfly Harmonic Pattern – 30th August 2018

We have a Completed Bearish Cypher Harmonic Pattern in NZDUSD.
This is on a H1 time frame.
Enter into a buy position at D or the price of 66.500 (or as close as possible to it).
We target to exit at 66.700.
You can also have a second TP target at about 66.800 (38.2%).

Good luck with the trade.

• Sell Price: 111.800
• Stop Loss: 112.100
• Take Profit Target: 111.500

Want to learn how to trade Harmonic Patterns?
Download Our Free Harmonic Trading Strategy Here

 

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CryptoCurrency News: Russian Agency to Track Crypto Wallets of Criminal Suspects

Rosfinmonitoring is seeking to expand its internal systems to account for cryptocurrencies.

via CoinDesk

[FOREX TIP] USDJPY Bearish Cypher Harmonic Pattern – 29th August 2018

USDJPY Bearish Cypher Harmonic Pattern – 29th August 2018

We have a Completed Bearish Cypher Harmonic Pattern in USDJPY.
This is on a H4 time frame.
Enter into a buy position at D or the price of 111.800 (or as close as possible to it).
We target to exit at 111.500.
You can also have a second TP target at about 111.100 (38.2%).

Good luck with the trade.

• Sell Price: 111.800
• Stop Loss: 112.100
• Take Profit Target: 111.500

Want to learn how to trade Harmonic Patterns?
Download Our Free Harmonic Trading Strategy Here

 

The post USDJPY Bearish Cypher Harmonic Pattern – 29th August 2018 appeared first on Advanced Forex Strategies.

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CryptoCurrency News: OECD to Examine the Potential Impact of Blockchain Next Month

OECD plans to host an international conference on blockchain technology next month.

via CoinDesk

CryptoCurrency News: California Legislature Finalizes Blockchain Working Group Bill

The California legislature has finalized a bill directing the state to examine blockchain technology and how to update existing law to account for it.

via CoinDesk

CryptoCurrency News: Crypto Mining Attacks Soar in First Half of 2018

Trend Micro found that there were nearly 790,000 instances of cryptomining malware detected in the first half of 2018, according to a new report.

via CoinDesk

CryptoCurrency News: Origin Is Rolling Out a Decentralized Messaging App Built on Ethereum

Origin Protocol, a blockchain project building a decentralized marketplace, has rolled out a P2P messaging app on its demo platform.

via CoinDesk

CryptoCurrency News: Crypto Exchange AirTM Targets Troubled Markets With $7 Million Raise

Peer-to-peer cryptocurrency exchange AirTM has raised $7 million it says it will use to expand in troubled Latin American economies.

via CoinDesk

CryptoCurrency News: $102 Million: A16z, Polychain Back Blockchain Project Dfinity's Funding Round

A16z crypto and Polychain Capital lead a $102 million funding round for decentralized cloud foundation Dfinity.

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CryptoCurrency News: Standard Chartered, Siemens Partner to Put Bank Guarantees on a Blockchain

Multinational banking firm Standard Chartered is teaming up with manufacturing giant Siemens to put bank guarantees for trade finance on a blockchain.

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CryptoCurrency News: Australia Poised to Create National Blockchain With IBM Tech

An Australian federal agency is developing a blockchain that will allow businesses to carry out transactions based on smart legal contracts.

via CoinDesk

CryptoCurrency News: Chinese Tech Hub Follows Beijing With Ban on Crypto Promotion

A special economic zone in Guangzhou is following the lead of Beijing's financial district in banning activities that promote cryptocurrencies.

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CryptoCurrency News: Binance Backs $32 Million Funding for Unicorn Founder's Crypto Stablecoin

With an e-commerce company leading the launch of a new stablecoin, its founders and allies believe they can really bring crypto to consumers.

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CryptoCurrency News: Cautiously Bullish: Bitcoin Price Faces Key Hurdle Above $7.1K

Bitcoin may not cross the immediate resistance at $7,180 in the next 24 hours as the rally is looking overstretched on the short duration charts.

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CryptoCurrency News: Korean Crypto Exchange Bithumb to Restart User Registrations

South Korean cryptocurrency exchange Bithumb is reportedly renewing its contract with Nonghyup Bank after solving issues prompted by a June hack.

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CryptoCurrency News: Tron Now Owns a Stake In BitTorrent Founder's New Crypto Project

The peer-to-peer sharing company now owned by Tron's founder has a small stake in a soon-to-be-launched cryptocurrency protocol.

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[FOREX TIP] GBPNZD Bullish Shark Harmonic Pattern – 29th August 2018

GBPNZD Bullish Shark Harmonic Pattern – 29th August 2018

We have a Completed Bullish Shark Harmonic Pattern in GBPNZD.
This is on a H1 time frame.
Enter into a buy position at D or the price of 1.91600 (or as close as possible to it).
We target to exit at 1.92600.
You can also have a second TP target at about 1.93080 (38.2%).

Good luck with the trade.

• Buy Price: 1.91600
• Stop Loss: 1.91400
• Take Profit Target: 1.92600
  

Want to learn how to trade Harmonic Patterns?
Download Our Free Harmonic Trading Strategy Here

 

The post GBPNZD Bullish Shark Harmonic Pattern – 29th August 2018 appeared first on Advanced Forex Strategies.

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[FOREX TIP] GBPAUD Price Action Analysis – 29th August 2018

GBPAUD had a consolidation on the H4 chart. Today’s last two H4 candles were held by a Horizontal Support line. In fact, that level is a Double Bottom Support line. Moreover, there is an up trending Trend line Support level just where the pair produced an H4 Doji candle. The current H4 candle’s first H1 candle has been extremely bullish. This means that the pair might head towards the North by offering us a long entry later today. Let us have a look at the H4 GBPAUD chart.

GBPAUD Price Action Analysis – 29th August 2018

As we see that the level of 1.75035 is a dynamic Support level. Now to have a clear bullish trend, we have to wait for a breakout at the level of 1.75865. If this current H4 candle makes the breakout there, then an H1 bullish candle closing above that H4 candle’s close would be the signal candle to go long on the pair today. Let us have a look at the summary of the trade…

• Entry- H1 Bullish candle after an H4 breakout at 1.75865
• Stop loss- Below 1.75035
• Take profit- 1.77900

 

Many of us might not know what Dynamic Support is. When a price gets held by a Horizontal line as well as by an up trending Trend line that is called Dynamic Support. It is vice versa for Dynamic Resistance. Dynamic Support/Resistance is one of the most important factors in any financial market. Risk and reward ratio and Winning ratio both are excellent when an entry is taken from a Dynamic Support/Resistance level.

• 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

At the moment, the H4 chart does not show a clear trend. It made a Bearish move, and then went for a retracement. If the price makes a breakout at the last lower low today, then we would get a clear Bearish trend on the H4 chart. This means this would be an opportunity to ride early on the trade. Experienced traders usually make most of it by taking out partial profit and they let rest of the trade run as long as they can. We might as well try and do that to maximize our profit. There is a saying “Cut our losses short and let your profit run.”

 

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