CryptoCurrency News: Bitcoin Startup Acinq Raises $1.7 Million to Double Down on Lightning

A new funding round shows that lightning technology isn't just a big hit with bitcoin developers - investors are getting interested, too.

via CoinDesk

CryptoCurrency News: Vote Buying Scandal Stokes Fears of EOS Governance Failure

The world's fifth-largest crypto is being rocked by allegations the process by which its transaction history is determined is vulnerable to collusion.

via CoinDesk

CryptoCurrency News: Abra Is Launching a Crypto Token Tied to an Investment Fund

Crypto wallet Abra is launching a token to let investors get involved with multiple cryptocurrencies at once.

via CoinDesk

CryptoCurrency News: British Masters Golf Tournament Signs On Crypto Startup Sponsor

Crypto startup LIFElabs is now an official sponsor of the British Masters, the company announced Wednesday.

via CoinDesk

CryptoCurrency News: Israel's Securities Watchdog Builds Blockchain Into Its Messaging Tool

Israel's securities regulator has launched a blockchain-based messaging system in a bid to improve security and fight fraud.

via CoinDesk

CryptoCurrency News: Crypto Assets on Winklevoss Gemini Exchange Are Now Insured

Crypto exchange Gemini announced Wednesday it had gained insurance for all of its custodied digital assets.

via CoinDesk

CryptoCurrency News: Bitcoin's Price Is Testing a Month-Long Trend Line

Bears have been emboldened by the latest dip to $6,400, but bulls might be ready to fight back as a trend line of support comes into play.

via CoinDesk

CryptoCurrency News: Retail Brokerage TD Ameritrade Backs New Crypto Exchange

TD Ameritrade is reportedly investing in ErisX, a new cryptocurrency exchange built by derivatives market provider Eris Exchange.

via CoinDesk

CryptoCurrency News: Ripple Grapples With Its $21 Billion 'Gorilla': Crypto Asset Adoption

Ripple's "800-pound gorilla" in the room is whether financial institutions will actually use cryptocurrencies in cross-border payments.

via CoinDesk

CryptoCurrency News: US Lawmakers Push for 'Blockchain' Definition in New Congressional Bill

A bipartisan bill introduced to the U.S. House of Representatives this week proposes creating a "consensus-based definition of blockchain."

via CoinDesk

CryptoCurrency News: Bitcoin's Proof-of-Work Can Be Made More Efficient, IBM Research Claims

Scientists from IBM Research claim they've found a way to reshape blockchain architectures for energy-constrained internet of things devices.

via CoinDesk

CryptoCurrency News: Coinbase Rolls Out System to Free Up Stuck Bitcoin Payments

Crypto exchange Coinbase has deployed a system aimed to automatically reduce delays in bitcoin payments arising from transaction fee volatility.

via CoinDesk

CryptoCurrency News: Ubisoft Backs New Blockchain Group to Spur Adoption in Gaming

Gaming giant Ubisoft has become an inaugural member of the new Blockchain Game Alliance, which aims to develop common standards for the technology.

via CoinDesk

CryptoCurrency News: IBM Wins Patent for Blockchain-Based Network Security System

A newly published IBM patent proposes bolstering network security by monitoring potential network intrusions on a blockchain.

via CoinDesk

CryptoCurrency News: Bitmain Is Going Public, But What Type of Investment Is It Anyway?

The difference with Bitmain going public is the investor exposure to cryptocurrencies. And that's where things get complicated...

via CoinDesk

[FOREX TIP] Top 5 Most Predictable Currency Pairs for Q4 2018

#1. Gold

Gold prices extended the declines in the second quarter as expected and mentioned in the Q3 2018 forecast. Price action is now seen sitting closer to the support level of 1160 region. Establishing support at this level could potentially mean a possible change in the long term trend of the precious metal.

Top 5 Most Predictable Currency Pairs for Q4 2018

For the quarter ahead, gold prices are likely to remain subdued. However, watch for a potential rebound in the price of the precious metal. Monetary policy is likely to keep prices in gold to the downside. The minor support level that was breached at 1215 is likely to turn to resistance in the near term. A break down below 1160 could however trigger further losses in gold.

#2. GBPJPY

The GBPJPY currency pair was seen trading rather flat during the third quarter. However, price action managed to test the lower support at 139.50 rather briefly. The rebound off this level was met with a bullish follow through. This could potentially signal a reversal in the near term. However, GBPJPY is likely to maintain its sideways range within the resistance level of 154.41 and the support at 139.50.

Top 5 Most Predictable Currency Pairs for Q4 2018

With the rebound being confirmed, the GBPJPY currency pair is likely to turn bullish. But this is expected only on a successful breakout of the resistance level. With the price action finishing the corrective move from the rising wedge pattern, we anticipate a turnaround in the next quarter. There is however a risk that the currency pair could slip past the support at 139.50. This could renew fresh declines.

#3. EURJPY

The EURJPY currency pair was seen testing the support area of 128.92 – 126.78 area multiple times over the past few months. Price action had briefly slipped below this level as well. However, with the support now holding and price action on the monthly chart signaling a bullish candlestick, we expect to see some upside in prices.

Top 5 Most Predictable Currency Pairs for Q4 2018

The next main target will be for the EURJPY to test the previously established highs near 135.47. A breakout above this high will send the currency pair to test the next main resistance level of 138.93. This could put the EURJPY on a bullish trajectory. Failure to maintain the gains could however mean that the support area will fail. This could send the EURJPY lower toward 123.94 support.

#4. EURUSD

The EURUSD currency pair has been trading flat during the previous quarter. Price action was seen briefly testing the support at 1.1297 – 1.1242 region. This marked a retest of the previously held resistance level. However, we expect to see a firmer retest of this support. Establishing support at this level could mean a potential change in trend.

Top 5 Most Predictable Currency Pairs for Q4 2018

The currency pair will then need to breakout from the resistance level of 1.1852 in order to confirm the upside. Following this, the previous highs from January and February this year at 1.2455 will be the next main target. All said and done, watch for the EURUSD as the currency pair is showing signs of a turnaround in the trend.

#5. WTI Crude Oil

Crude oil prices were seen trading flat on the quarter ending September. However, the bullish bias remains. The commodity is just a few points away from testing the $75.00 handle. This marks a major resistance level. There is scope for crude oil to also further test $76.65 from November 2014. This would mark filling the price gap.

Top 5 Most Predictable Currency Pairs for Q4 2018

In the near term, any declines could stall near the 60.50 handle. This marks a support level that previously held as resistance. The resistance and support levels are also starting to get narrower. This indicates a potential breakout to the upside. Therefore, for the next quarter ahead, oil prices could be seen rising further.

The post Top 5 Most Predictable Currency Pairs for Q4 2018 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

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

NZDUSD took a strong Bearish move on the H4 chart. As things stand with the pair, it seems that the pair might have found a strong level of Support. The price had a little bounce from that level earlier and today the price had another bounce. Most probably we are going to have a Double Bottom here if we get a breakout at the neck line later today. If that happens, then the pair might give us a buying opportunity. Let us have a look at the H4 NZDUSD chart.

NZDUSD Price Action Analysis – 3rd Oct 2018

The level of 0.65700 is the level of Support of the potential Double Bottom and the level of 0.66057 is the level of Neckline. We have to wait for an H4 breakout at the Neckline to take the long entry. There is enough room for the price to travel. However, the level of 0.66580 might come into play and act as a level of Resistance. Let us have a look at the summary of the trade…

• Entry- H4 breakout at 0.66057
• Stop loss- Below 0.65700
• Take profit-0.66580
• 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 USD has a High impact news event at GMT 15.00. One H4 candle finishes at GMT 16.00. I assume that the signal would come at GMT 16.00. There is a possibility that the signal might come at GMT 12.00 as well. Thus, we have to keep our eyes on the close of the both H4 candles. Meanwhile let us be patient and wait to see what the market actually does at the end.

 

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

from Advanced Forex Strategies