#BTC
OUTLOOK: Bullish
Pennant breakout indicates BTC will likely find acceptance above the inverse head-and-shoulders neckline and rally to $10,500 - $10,700 (Dec. 22 low on Bitfinex).
Close below the ascending 10-day MA would neutralize immediate bull outlook
OUTLOOK: Bullish
Pennant breakout indicates BTC will likely find acceptance above the inverse head-and-shoulders neckline and rally to $10,500 - $10,700 (Dec. 22 low on Bitfinex).
Close below the ascending 10-day MA would neutralize immediate bull outlook
💡 Brian Kelly, a founder and CEO of BKCM LLC, an investment firm focused on digital currencies, has laid out three major factors that could fuel the next big rally of bitcoin, now that the bitcoin price has officially crossed the $10,000 mark.
According to Kelly, three major factors that will inevitably lead the bitcoin price to the next support levels at $12,000 and $14,00 are the entrance of banks such as Goldman Sachs, clarity from regulators on bitcoin’s legality, and the initiation of the blockchain summit Consensus 2018 in New York on May 14.
Consensus 2018 will feature 250+ speakers and 4,000+ attendees from the leading industry startups, investors, financial institutions, enterprise tech leaders, and academic and policy groups who are building the foundations of the blockchain and digital currency economy.
Consensus 2017 was held on May 22-24 and appears to be responsible for the beginning of the exponential growth for the rest of 2017.
According to Kelly, three major factors that will inevitably lead the bitcoin price to the next support levels at $12,000 and $14,00 are the entrance of banks such as Goldman Sachs, clarity from regulators on bitcoin’s legality, and the initiation of the blockchain summit Consensus 2018 in New York on May 14.
Consensus 2018 will feature 250+ speakers and 4,000+ attendees from the leading industry startups, investors, financial institutions, enterprise tech leaders, and academic and policy groups who are building the foundations of the blockchain and digital currency economy.
Consensus 2017 was held on May 22-24 and appears to be responsible for the beginning of the exponential growth for the rest of 2017.
#BitcoinCash
Weak close (as per UTC) today below 10-dayMA would confirm bearish doji reversal, open doors for a deeper pullback to $1,200 or more
The 10-day MA is still sloping upwards (bullish). So a rebound from 10-day MA could put $1,800 back on the map.
Weak close (as per UTC) today below 10-dayMA would confirm bearish doji reversal, open doors for a deeper pullback to $1,200 or more
The 10-day MA is still sloping upwards (bullish). So a rebound from 10-day MA could put $1,800 back on the map.
#BTCUSD
OUTLOOK: Neutral
Unexpected failure at inverse H&S neckline & a drop to $$9,259 has neutralized the immediate outlook
Only a break abv $10K would revive the bullish view
Bear scenario: Break below $8,652 confirm bull-to-bear trend change
OUTLOOK: Neutral
Unexpected failure at inverse H&S neckline & a drop to $$9,259 has neutralized the immediate outlook
Only a break abv $10K would revive the bullish view
Bear scenario: Break below $8,652 confirm bull-to-bear trend change
#ETHUSD
OUTLOOK: Bearish
Negative RSI divergence suggests short-term bull-to-bear trend change
ETH could revisit descending trendline support seen at $600 in a day or two
Only a close above $838 would signal continuation of the rally from $358
OUTLOOK: Bearish
Negative RSI divergence suggests short-term bull-to-bear trend change
ETH could revisit descending trendline support seen at $600 in a day or two
Only a close above $838 would signal continuation of the rally from $358
New Korean Financial Watchdog Chief Takes Softer Tone on Cryptos
The new head of a South Korean financial watchdog has taken a softer tone on cryptocurrencies and hinted that his agency may consider easing rules for exchanges.
The new head of a South Korean financial watchdog has taken a softer tone on cryptocurrencies and hinted that his agency may consider easing rules for exchanges.
Buy STQ on Tidex
Buy Zone 34-39
Target 48 79 100+
Also worth longterm hold
Platform to be released in January 2019 and binance rumors
Buy Zone 34-39
Target 48 79 100+
Also worth longterm hold
Platform to be released in January 2019 and binance rumors
BMW is piloting a blockchain platform to track mileage in leased vehicles through its startup innovation program.
The effort is being carried out in partnership with blockchain startup DOVU - one of five startups to work with BMW Group UK as part of the company's Innovation Lab.
The idea is that the system helps BMW understand how much activity its vehicles are seeing and the impact on them. Drivers who participate receive tokens in exchange for their data. BMW chose to define the parameters for token rewards through mileage - the current automatic mileage tracking systems are unreliable and do not provide the information that the company might actually use.
The effort is being carried out in partnership with blockchain startup DOVU - one of five startups to work with BMW Group UK as part of the company's Innovation Lab.
The idea is that the system helps BMW understand how much activity its vehicles are seeing and the impact on them. Drivers who participate receive tokens in exchange for their data. BMW chose to define the parameters for token rewards through mileage - the current automatic mileage tracking systems are unreliable and do not provide the information that the company might actually use.
Australia's Government Budgets Over $500K for Blockchain Study
The Australian government has allocated AU $700,000 (about $521,000) to its Digital Transformation Agency to explore blockchain applications within government services.
Officials earmarked the funds, which will be gleaned from existing Agency resources and allotted over the course of the next four years, as part of its 2018 - 2019 budget. Launched in 2015, the Agency helps government departments "undergo digital transformation," in addition to leading its information and communication technology strategy.
The Australian government has allocated AU $700,000 (about $521,000) to its Digital Transformation Agency to explore blockchain applications within government services.
Officials earmarked the funds, which will be gleaned from existing Agency resources and allotted over the course of the next four years, as part of its 2018 - 2019 budget. Launched in 2015, the Agency helps government departments "undergo digital transformation," in addition to leading its information and communication technology strategy.
#binancecoin
OUTLOOK: Bearish if RSI drops below 48.00
RSI has established strong support at 48.00 since late March. A dip below that level would indicate bull-to-bear trend change in binance coin
Bull revival seen above $16.07
OUTLOOK: Bearish if RSI drops below 48.00
RSI has established strong support at 48.00 since late March. A dip below that level would indicate bull-to-bear trend change in binance coin
Bull revival seen above $16.07
📰 South Korean cryptocurrency exchange Coinone is turning to Ripple's enterprise blockchain network for cross-border payments.
Coinone Transfer, a subsidiary of the exchange that focuses on remittances, joined RippleNet on Monday, making it the first exchange in the nation to do so. The firm will be using xCurrent, one of Ripple's three blockchain solutions
Coinone Transfer, a subsidiary of the exchange that focuses on remittances, joined RippleNet on Monday, making it the first exchange in the nation to do so. The firm will be using xCurrent, one of Ripple's three blockchain solutions
YOYOW's descending triangle. Usually a bullish pattern. .1596 is a support that acted extremely well as a resistance and is doing so as a support. Breaking the triangle on the upper side (black line) would take us to the local maximum and beyond (.2450)
Despite a brief rally yesterday, bitcoin (BTC) is still in corrective mode and risks falling back below $9,000, chart analysis suggests.
The bearish crossover between the 5-day MA and the 10-day MA indicates a short-term (5 days) bullish-to-bearish trend change. It also indicates the pullback from the recent high of $9,990 has not run its course.
View:
A break below $9,228 (support on the hourly chart) would add credence to the bearish 5-day MA and 10-day MA crossover and open the doors for a drop to $8,980 and $8,868 (100-day moving average).
A daily close (as per UTC) below $8,652 (April 26 low) would confirm a bearish reversal.
On the higher side, a daily close (as per UTC) above the 10-day MA (currently located at $9,452) would signal the end of the pullback from the recent high of $9,990.
The bearish crossover between the 5-day MA and the 10-day MA indicates a short-term (5 days) bullish-to-bearish trend change. It also indicates the pullback from the recent high of $9,990 has not run its course.
View:
A break below $9,228 (support on the hourly chart) would add credence to the bearish 5-day MA and 10-day MA crossover and open the doors for a drop to $8,980 and $8,868 (100-day moving average).
A daily close (as per UTC) below $8,652 (April 26 low) would confirm a bearish reversal.
On the higher side, a daily close (as per UTC) above the 10-day MA (currently located at $9,452) would signal the end of the pullback from the recent high of $9,990.