#VergeCoin Daily Snapshot
OUTLOOK: Bull breakout confirmed on Tuesday, but #btc drop played a spoil sport.
Still, outlook remains bullish as indicated by bull flag breakout on hourly chart.
Could test $0.096-$0.10 in short-run.
Break below $0.032 to abort bull view.
OUTLOOK: Bull breakout confirmed on Tuesday, but #btc drop played a spoil sport.
Still, outlook remains bullish as indicated by bull flag breakout on hourly chart.
Could test $0.096-$0.10 in short-run.
Break below $0.032 to abort bull view.
📰 India Bans Banks from Processing Cryptocurrency Purchases
Indian residents can no longer purchase cryptocurrency through their bank accounts, according to new measures adopted by the country’s central bank.
Indian residents can no longer purchase cryptocurrency through their bank accounts, according to new measures adopted by the country’s central bank.
#ETHBTC
OUTLOOK: Signs of Life
Dragon fly doji suggests the sell-off from the high of 0.123BTC may have run out of steam
RSI rising from oversold territory.
close abv. 0.0618 BTC will confirm bull reversal - that would be good news for alts as most are built on ethereum chain.
OUTLOOK: Signs of Life
Dragon fly doji suggests the sell-off from the high of 0.123BTC may have run out of steam
RSI rising from oversold territory.
close abv. 0.0618 BTC will confirm bull reversal - that would be good news for alts as most are built on ethereum chain.
BTCUSD Update: Whales still wants to push btc further down, btc right now trading at around $6600 after going below $6500. For an good bounce btc needs to touch ichi cloud, in case of failure we can dip again but higher chances is that we will make a bounce before more correction.
Soros is planning to trade crypto.
We have a new whale in town folks. Be aware of his involvement as he has influence over all of Wall Street and the global forex markets.
Previously the billionaire's been scathing of bitcoin, calling it a bubble and a tool of dictators.
We have a new whale in town folks. Be aware of his involvement as he has influence over all of Wall Street and the global forex markets.
Previously the billionaire's been scathing of bitcoin, calling it a bubble and a tool of dictators.
CryptoBullet
Coin: RCN on #binance Buy at 110-120 Sell targets: 140-160-180-200-240-280 Use stop loss: -10%
RCN hit 185
Third target achieved
Profit: +68%
Third target achieved
Profit: +68%
CryptoBullet
Part Buy at 0.00130-0.00138 Sell targets : 0.00149 - 164 - 174 - 184 - 198 Stop loss : 0.00120
PART soared to 0.00275
All targets achieved
Profit: +110%
Congratulations to those who followed the signal.
All targets achieved
Profit: +110%
Congratulations to those who followed the signal.
First Soros, Now Rockefellers’ $3 Billion Firm to Invest in Crypto
Now, Venrock, a 3 billion USD venture capital firm owned by storied American family, the Rockefellers, is turning its sights on cryptocurrency projects and markets. Famously an investment vehicle of the Rockefeller family, the focus for Venrock since its inception nearly half a century ago is technology and science. Their investments are a laundry of list of dominant companies, from Intel and Apple, to AppNexus and StrataCom, among many, many others. Cryptocurrency seems like a logical progression.
Now, Venrock, a 3 billion USD venture capital firm owned by storied American family, the Rockefellers, is turning its sights on cryptocurrency projects and markets. Famously an investment vehicle of the Rockefeller family, the focus for Venrock since its inception nearly half a century ago is technology and science. Their investments are a laundry of list of dominant companies, from Intel and Apple, to AppNexus and StrataCom, among many, many others. Cryptocurrency seems like a logical progression.
A new Chinese blockchain fund has $1.6 billion available to invest in innovative startups - 30% of which is backed by a city government.
While the fund has been launched by Hangzhou-based venture capital firm Tunlan Investment, it will see over $400 million coming from the Hangzhou city government as a guided fund that will be used to invest in promising blockchain projects. The Blockchain Industrial Park in Hangzhou will act as an incubation center for the startups.
The new fund marks the latest effort from Chinese government entities in taking the lead on blockchain development initiatives in the country.
While the fund has been launched by Hangzhou-based venture capital firm Tunlan Investment, it will see over $400 million coming from the Hangzhou city government as a guided fund that will be used to invest in promising blockchain projects. The Blockchain Industrial Park in Hangzhou will act as an incubation center for the startups.
The new fund marks the latest effort from Chinese government entities in taking the lead on blockchain development initiatives in the country.
📰 Chile will use ethereum's blockchain as a way to record energy sector statistics
The National Energy Commission, which is a part of the country's Energy Ministry, said it would commit data to the public ethereum ledger in order to "augment levels of security, integrity, traceability and confidence in the information available to the public.
The commission is particularly concerned that its databases can be hacked and manipulated. The ethereum-based approach represents an alternative method for data storage, given that distributing records among a large number of nodes helps to alleviate that concern.
The National Energy Commission, which is a part of the country's Energy Ministry, said it would commit data to the public ethereum ledger in order to "augment levels of security, integrity, traceability and confidence in the information available to the public.
The commission is particularly concerned that its databases can be hacked and manipulated. The ethereum-based approach represents an alternative method for data storage, given that distributing records among a large number of nodes helps to alleviate that concern.
Bitcoin has spent a better part of the last 24 hours trading a tight range around $6,800
However, while the sideways trading is somewhat dull for observers and traders alike, the market may be about to become more exciting.
According to technical theory, the wider the range and the longer the duration of the consolidation zone, the more violent the breakout tends to be.
However, while the sideways trading is somewhat dull for observers and traders alike, the market may be about to become more exciting.
According to technical theory, the wider the range and the longer the duration of the consolidation zone, the more violent the breakout tends to be.
The above chart shows, the narrowing price range (represented by the triangle formation) is almost a week old.
The range high is $7,510 and the range low is $6,425. So, bitcoin could see at least a $1,000 dollar move on either side, depending on nature (bullish/bearish) of the breakout.
The triangle support is seen around $6,570, while the resistance is lined up at $7,080
A downside break could mean the potential for a sell-off to $5,500. On the way lower, BTC may find support around the November low of $6,000
If the bulls take charge, a high volume move above $7,189 will likely set the tone for a break above $7,510 (range high) and a rally to $8,100
The range high is $7,510 and the range low is $6,425. So, bitcoin could see at least a $1,000 dollar move on either side, depending on nature (bullish/bearish) of the breakout.
The triangle support is seen around $6,570, while the resistance is lined up at $7,080
A downside break could mean the potential for a sell-off to $5,500. On the way lower, BTC may find support around the November low of $6,000
If the bulls take charge, a high volume move above $7,189 will likely set the tone for a break above $7,510 (range high) and a rally to $8,100
#BTC blows past resistance at $7,510 (double bottom neckline).
As the textbook says, wider the range and the longer the duration of the consolidation zone, the more violent the breakout tends to be.
As the textbook says, wider the range and the longer the duration of the consolidation zone, the more violent the breakout tends to be.
Forwarded from #OnPointCrypto VIP
Buying Bitcoin now 6750. This is very dangerous since we could be building a bearflag but still, shorts are taking over and usually they will be squeezed.
Mastercard Is Hiring More Blockchain Developers
Payment giant Mastercard announced Thursday that it was hiring 175 new technology developers, including blockchain specialists.
The new hires will work on creating more efficient payment systems, according to a press release. Mastercard has been eyeing applications of blockchain to its services for some time now.
Payment giant Mastercard announced Thursday that it was hiring 175 new technology developers, including blockchain specialists.
The new hires will work on creating more efficient payment systems, according to a press release. Mastercard has been eyeing applications of blockchain to its services for some time now.