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Wednesday, November 7, 2018

CryptoCurrency News: Law Firm Perkins Coie Taps CFTC Veteran for Blockchain Practice



Perkins Coie continues to grow its blockchain practice with the addition of a former counsel for the CFTC.

via CoinDesk

[FOREX TIP] Gold Price Action Analysis – 8th Nov 2018

Gold seemed to have found a level of Resistance. The price produced a good-looking Bearish H4 candle day before yesterday. It produced another Bearish H4 candle yesterday as well. It looks like a Double Top is being formed on that Resistance level. If the price comes down by making a breakout on the Neckline of the Double Top, then Gold is going to head towards the South by offering us a Short entry. Let us have a look at the H4 Gold chart.

Gold Price Action Analysis – 8th Nov 2018

Gold Price Action Analysis – 8th Nov 2018

The level of 1227.70 is the level of Resistance here. However, Double Top’s Resistance lies further up as we see. On the other hand, the level of 1222.45 is the level of Support that is to be broken by an H4 candle. In fact, this is the neckline of the Double Top. If that level gets broken by an H4 candle and it produces an H1 Bearish Engulfing Candle later, then the price would head towards the level of 1213.80 without having that many pauses. Let us have a look at the summary of the trade…

  • Sell Stop Order: 1222.45
  • Stop loss: 1227.70
  • Take Profit: 1213.80
  • 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 are two high impact news events today at GMT 19.00. The news events are “FOMC statement” and “Federal Funds Rate”. Gold has a deep relation with the USD. Thus, Gold market, in fact, XAUSD might get to its extreme volatility. It would be best to take the entry if the signal comes just after these news events.

The post Gold Price Action Analysis – 8th Nov 2018 appeared first on Advanced Forex Strategies.



from Advanced Forex Strategies

CryptoCurrency News: Crypto Exchange Poloniex Announces 'Pre-Fork' Trading for Bitcoin Cash Split



Poloniex will be the first exchange to offer trading for the pending bitcoin cash (BCH) hard fork amid the debate that has raged since mid-year.

via CoinDesk

CryptoCurrency News: As 'Plasma' Stalls, SNARKs Become New Hope for Scaling Ethereum Now



As work on ethereum's Plasma scaling solution proceeds, some developers are hailing a form of cryptography used by zcash as an alternative.

via CoinDesk

CryptoCurrency News: CFTC Chair Says Distributed Ledger Tech Can Aid Market Watchdogs



CFTC chair Christopher Giancarlo explained how DLT can be used to help the agency more efficiently regulate markets during a speech Wednesday.

via CoinDesk

CryptoCurrency News: US Election Sees Crypto-Friendly Politicians Win Governor Races



The U.S. now has four governors who are friendly to, if not outright proponents of, blockchain and cryptocurrencies.

via CoinDesk

CryptoCurrency News: Crypto Exchanges Line Up to Support Bitcoin Cash's Hard Fork



Bitcoin cash is undergoing a hard fork on Nov 15., and it might result in a split. So which exchanges will support the new cryptocurrency?

via CoinDesk

CryptoCurrency News: Hackers Breach Popular Web Analytics Site to Target Crypto Exchange



Cryptocurrency exchange Gate.io was apparently the target of hackers who compromised a widely used web analytics platform.

via CoinDesk

CryptoCurrency News: Salesforce Wins Patent Tackling Email Spam With Blockchain



Salesforce has won a patent outlining how a blockchain-based platform can be used to prevent spam or other unwanted emails from hitting inboxes.

via CoinDesk

CryptoCurrency News: Up $100: Bitcoin Price Indicators Grow Increasingly Bullish



Bitcoin looks likely to inch higher toward $6,800 in the near-term, as the technical indicators have grown increasingly bullish in the last 24 hours.

via CoinDesk

CryptoCurrency News: It's Hard to Short Crypto – And That's Propping Up Prices, Study Finds



An Australian researcher says wide disagreements about underlying prices and lack of short options keep cryptocurrency prices alive.

via CoinDesk

CryptoCurrency News: BBVA Puts $150 Million Syndicated Loan on Ethereum Blockchain



Banking giant BBVA has completed a pilot that put a $150 million syndicated loan for Spain's electrical grid operator on the blockchain.

via CoinDesk

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