CryptoBullet
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)
YOYO hit 0.0002567
Congratulations to those who followed the recommendation.
Congratulations to those who followed the recommendation.
📰 Bahrain Hopes to Cut Vehicle Data Storage Costs Using Blockchain
The Kingdom of Bahrain is eyeing the adoption blockchain technology in bid to cut the cost of maintaining the country's vehicle registration data.
Bahrain's General Directorate of Traffic (GDT) announced on Thursday a new plan to develop a blockchain-based vehicle registration system in the country and is now looking for a technical partner to focus on the system's design and implementation.
The Kingdom of Bahrain is eyeing the adoption blockchain technology in bid to cut the cost of maintaining the country's vehicle registration data.
Bahrain's General Directorate of Traffic (GDT) announced on Thursday a new plan to develop a blockchain-based vehicle registration system in the country and is now looking for a technical partner to focus on the system's design and implementation.
#BTC
OUTLOOK: Bearish below $8,200
Bear flag breakdown on 1hr chart, signals continuation of sell-off, but strong supp at around $8,200 (50% Fib+50DMA)
So break below $8.2K needed. if confirmed, then supp at $7787 (61.8% Fib) and $7,665 could be put to test.
OUTLOOK: Bearish below $8,200
Bear flag breakdown on 1hr chart, signals continuation of sell-off, but strong supp at around $8,200 (50% Fib+50DMA)
So break below $8.2K needed. if confirmed, then supp at $7787 (61.8% Fib) and $7,665 could be put to test.
Bull scenario: #BTCUSD 4-hour chart: A break above the descending trendline would add credence to the gradually ascending (bullish) 200MA and could yield test of resistance at $9,385-$9,400
Watch out .... 5-month MA and 10-month MA are beginning to tilt downwards in favor of the bears for the first time since September 2014
Chart also shows acceptance below 50% Fib retracement
Chart also shows acceptance below 50% Fib retracement
#BTC 4hr chart
The sharp rise from sub-$8.4 to $8.7 has established a flag-like pattern. All good, if it breaks above the falling trendline.
If it changes course again, then $8,300 would be the key level to watch out for.
The sharp rise from sub-$8.4 to $8.7 has established a flag-like pattern. All good, if it breaks above the falling trendline.
If it changes course again, then $8,300 would be the key level to watch out for.
#BTCUSD
OUTLOOK: Neutral/indecision as per ysday's doji candle
4hr chart: Another rejection at trendline would add credence to bearish MAs (50,100) and could yield drop to expanding channel supp seen around $8.3K
Bull break of channel may allow rally to $9.3K
OUTLOOK: Neutral/indecision as per ysday's doji candle
4hr chart: Another rejection at trendline would add credence to bearish MAs (50,100) and could yield drop to expanding channel supp seen around $8.3K
Bull break of channel may allow rally to $9.3K
Daily chart shows #BTC is wedged between 50MA (support) and 100MA (resistance).
50MA stands at $8287, 100MA is seen at $8837
Break below 50MA would mean sell-off from recent high of $9990 has resumed.
50MA stands at $8287, 100MA is seen at $8837
Break below 50MA would mean sell-off from recent high of $9990 has resumed.
The 5-day MA and 10-day MA continue to trend south in favor of the bears.
BTC has failed to cut through falling trendline seen in 4hr chart.
So, a break below $8596 (5-day MA) could be considered as first sign BTC is heading back to $8300
BTC has failed to cut through falling trendline seen in 4hr chart.
So, a break below $8596 (5-day MA) could be considered as first sign BTC is heading back to $8300
#BTC last 4hr candle failed to cross the descending trendline...ended on a flat note (created doji, signaling indecision).
$8,300 could be seen if the current 4hr candle dips below $8,600
$8,300 could be seen if the current 4hr candle dips below $8,600
BitMEX Chief Predicts Bitcoin Price to Hit $50,000 in 2018
There are numerous bitcoin price predictions floating out there, but when the head of a major bitcoin derivatives exchange shares his forecast, the price prediction has legs.
There are numerous bitcoin price predictions floating out there, but when the head of a major bitcoin derivatives exchange shares his forecast, the price prediction has legs.