Please share if you find this article interesting. Altcoin Daily Technical Analysis: NEO, EOS, LTC, Monero and Lumens Most altcoins didn’t recover immediately as expected and even though most are, we shall remain neutral until after there is confirmation of our previous forecast. That might happen today and I’m particularly checking out Monero, NEO and Lumens which are reacting at key support lines. Lumens and LTC for example have been moving horizontally along $0.30 and $180 respectively for the past 3 days or so and this makes it possible that a break out might happen in the coming sessions. This is why I will be watching these two coins today. Let’s have a look at these charts: XLM/USD (Lumens) XLM/USD Bittrex Daily Chart for March 12, 2018 The momentum on March 10 didn’t prov
Please share if you find this article interesting. Bitcoin Cash Price Technical Analysis – BCH/USD to Trade Higher Key Points Bitcoin cash price is recovering and is currently trading above $1,100 against the US Dollar. There was a break above a major contracting triangle with resistance at $1,040 on the hourly chart of BCH/USD (data feed from Kraken). The pair is now trading comfortably above the $1,100 level and the 100 hourly simple moving average. Bitcoin cash price has moved in the positive zone against the US Dollar. BCH/USD may continue to gain momentum above the $1,150 level in the near term. Bitcoin Cash Price Support There was a decent recovery initiated from the $960 support area in bitcoin cash price against the US Dollar. The price traded higher and moved above the $
Please share if you find this article interesting. Bitcoin Price Technical Analysis for 03/12/2018 – Bulls Won’t Give Up! Bitcoin Price Key Highlights Bitcoin price looks ready to resume its climb as a double bottom pattern formed on its 1-hour time frame. Price has broken past the pattern’s neckline to signal a pickup in buying pressure. However, technical indicators are suggesting that the selloff could still resume. Bitcoin price formed a short-term double bottom pattern and broke past the neckline to reflect a pickup in bullish pressure. Technical Indicators Signals The 100 SMA is below the longer-term 200 SMA on this time frame to signal that the path of least resistance is to the downside. In other words, the selloff is still more likely to resume than to reverse. However,
Please share if you find this article interesting. Making Sense of Crypto Asset Valuation Insanity Brendan Bernstein is a founding member of Tetras Capital Partners, LLC, an investment manager focused on investing in cryptocurrencies and blockchain assets. Cryptocurrency investors are blind to the most important factor of any investment - valuation. Merely uttering the word "blockchain" has been a hypnotic weapon, sending investors into a trance where they clamor to buy at any price. Tea cup from Get Out: The process of sending blockchain investors into hypnosis. Raiblocks investors in "the sunken place." This isn't the first time growth investors have gone wild. Technological innovation typically turns investors into emotional basket cases. Today, a blockchain protocol with a...
Please share if you find this article interesting. How to Decentralize Travel Monopolies, Explained Who are the travel monopolies? Travel monopolies include the likes of Airbnb.com, Expedia, and Booking.com. These are platforms that may have been considered “decentralized” in the past, but a further look sees that they are far from it. Before online booking, brick and mortar travel agencies were the most popular way to book flights and accommodations. Big hotel companies had the advantage to plug complete monopolies over particular travel agencies, adding large percentages of commission for the middlemen who would book everything. Online platforms like Expedia.com and Booking.com aren’t much different, but they offer a few more options and have tightened up the ship. Then cam
Please share if you find this article interesting. Binance Offers $250,000 Bounty For Arrest of Hackers The Binance cryptocurrency exchange is offering a $250,000 equivalent bounty on the arrest of the hackers involved in the March 7th incident, Binance stated in an announcement March 11. According to the announcement, the first person to supply the information that results in a legal arrest, in any jurisdiction, will receive the bounty in Binance Coin (BNB), which is traded and used on the Binance exchange. If there are multiple sources of information that lead to the final arrests, the bounty may be split between sources. In the statement, Binance stresses the importance of an concerted effort to address crime and unethical behavior in the crypto community: “To ensure a safe c
Please share if you find this article interesting. Cryptocurrency and Equity Markets: Weekly Performance Review The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Last week, the relatively low volatility in the cryptocurrency market came to an end. Just about all cryptocurrencies dumped together with sharp declines, triggering renewed fear among traders and investors. As always, a bottom - at least temporarily - was eventually found, leading to bounces across the board. On the other hand, global equity markets were relatively stable and most...
Please share if you find this article interesting. Finnish Crypto Exchange Risks Collapse As Banks Refuse To Do Business Finnish cryptocurrency exchange and crypto wallet services provider Prasos Oy is one step from being “frozen”, as most Finnish banks will no longer conduct business with them, Bloomberg reports March 9. Founded in 2012, Prasos has seen a ten-fold spike of transaction volumes reaching $185 mln in 2017, which became a subject of concern among the banks. Finnish banks do not have a codified set of regulations surrounding cryptocurrencies and the anonymous nature of cryptocurrency transactions could potentially run afoul of current Finnish anti-money laundering laws (AML). As a result, four banks; S-Bank, the OP Group, Saastopankki, and Nordea Bank AB closed Prasos
Please share if you find this article interesting. Crypto Advertisers On Google Adwords Report Ad Suspensions And Account Terminations Some advertisers using Google Adwords to promote cryptocurrency related businesses are seeing a drop in their ad views, with other users posting about suspension of both their ads and their accounts, Finance Magnates reported on March 8. According to data given to Finance Magnates anonymously by an Initial Coin Offering (ICO) marketing company, the views of its advertisements through Adwords have dropped by the thousands. Below is a table from Finance Magnates showing views of the company’s advertisements over a 24 hour period. Finance Magnates connects the drop in views to the fact that crypto-based Adwords ads are now sometimes defined as “limi
Please share if you find this article interesting. Google Searches For ‘Bitcoin’ Slump In Synchronicity With Bitcoin’s Price After the February’s crypto market slump that brought Bitcoin (BTC) below $7000, the number of Google searches for “Bitcoin” has dropped to the lowest levels since October of last year. Google Trends shows that searches for “Bitcoin” were the most popular between December 17-23, coinciding with Bitcoin’s price rising to above $20,000 for the first time on December 17, 2017. However, since mid-February, searches for “Bitcoin” have gone downhill, leaving the search term with a score of 19 for the first half of March -- meaning that the search is only a 19th as popular as it was in December at its peak. According to Google Trends, “Bitcoin” had a score of 1