Day: November 12, 2017

ETH/USD

Ethereum continues to chop around against the US dollar, and is currently testing the $300 level for support. It looks likely that we will find support underneath, perhaps extending as low as $280. This pullback should be thought of as a potential buying opportunity, as traders seem to be looking at building longer-term and larger positions. Overall, this should offer value for the longer-term investor.

ETH/BTC

Ethereum has rallied a bit again during the day against Bitcoin, but quite frankly there is enough resistance near the 0.0475 handle to have me thinking about shorting. At the first signs of exhaustion, I am more than willing to get short of this market and start aiming for the 0.04 level underneath. It is not until we break above the 0.05 level that I would consider buying, as Bitcoin has been so strong longer term.

Thanks for watching, I’ll be back tomorrow.

The post ETH/USD and ETH/BTC Technical Analysis November 13 2017 appeared first on NEWSBTC.

DASH/USD

DASH continues to look bullish overall, yet choppy. I believe that the $360 level above will offer significant resistance, but if we can break above there we should see this market go much higher. I think that pullbacks at this point should attract a lot of attention, with $300 being relatively supportive.

LTC/USD

Litecoin has rolled over during the day on Friday, but seems to be finding enough support near the $60 level to attract attention and turn the market around. I think that we will eventually go higher, and that this pullback has offered value. Ultimately, the recent surge higher I believe has attracted a lot of attention, and now that we pulled back a little bit, it’s likely that value hunters are coming into the marketplace.

Thanks for watching, I’ll be back tomorrow.

The post DASH/USD and LTC/USD Technical November 13 2017 appeared first on NEWSBTC.

Take a look around the crypto community, both in meatspace and online, and it would be fair to say that the majority of participants are male. This is borne out in a recent survey of 2,000 Americans which shed light on the makeup of the bitcoin space, highlighting a stark gender divide. In fact Google Analytics data estimates less than 4% of bitcoin users to be female. The question is, why?

Also read: Millennials Are Big On Bitcoin (But Over 65s Not So Sure)

Welcome to the Boys’ Club

As news.Bitcoin.com reported earlier this week:

Twice as many men own or have owned bitcoin and are almost three times as likely as women to buy bitcoin in the next five years. Men also have a more positive view of bitcoin (17% versus 7%).

Why So Few Women in Bitcoin?

Tech industries are inherently male-dominated for reasons that include boys being introduced to gadgets at a younger age, leading to just 16% of computer science undergraduates being female. Despite initiatives designed to encourage more girls to code, the number of female computer science undergraduates in the UK has actually dropped in the last 10 years. Attributing other reasons to the absence of women in tech is highly contentious, as fired Google engineer James Damore discovered to his peril this year.

Boys and Bitcoin

In its earliest days, bitcoin was a wild west that evoked memories of the dawn of the internet – another piece of tech whose earliest innovators and adopters were predominantly male. A degree of technical knowledge was required to fully utilize the web back then, and the same holds true of bitcoin even today. While the UX of bitcoin has since improved thanks to development at the application layer, cautionary tales of lost private keys, coins sent to wrong addresses, and phishing attempts are still abound. And those are the sort of mishaps that can befall even experienced operators.

For newcomers, there’s a lot to learn, and that’s not including the dogma surrounding bitcoin and competing claims on which chain is “true”. If bitcoin’s earliest adopters are drawn from industries which are historically male-dominated, it follows that later adopters will be less tech-savvy. Newcomers of both sexes, then, find themselves with a mountain of knowledge to climb.

Why Does Bitcoin Need More Women?

It shouldn’t need stating that the more inclusive bitcoin is, the better. The cryptocurrency space doesn’t need diversity quotas, but if it is to attain mainstream adoption, it needs to attract support from all demographics. Bitcoin can hardly be labeled a global payment and wealth storage system if it excludes half of the population. While no one is stopping more women from getting involved with bitcoin, little is being done to encourage them either.

Credit must go to the likes of Rhian Lewis and Paige Freeman for organizing Women in Bitcoin events in London and San Francisco. These exceptions, unfortunately, only reiterate that bitcoin is largely a boys’ club.

Changing the status quo surely calls for action in the following areas:

Behavior. If Silicon Valley’s culture is overly macho, how to describe bitcoin with its brash, combative, and opinionated personalities? To misquote Hunter S Thompson:

Bitcoin is a cruel and shallow money trench, a long plastic hallway where thieves and pimps run free, and good men die like dogs. There’s also a negative side.

The cryptocurrency community is awesome, but it’s also intimidating and filled with one-upmanship and braggadocio. Why would anyone want to join such a rabble?

Issues such as off-chain scaling and Merkle roots might keep bitcoin’s most brilliant minds up at night, but it’s interface design, aesthetics, user-friendliness, and on-ramping that will open up bitcoin to the masses.

More can be done to reach out to women and raise awareness of bitcoin and how it can benefit them. This is something that everyone in the crypto community could do better. There are ways to educate people about bitcoin without succumbing to accusations of ‘mansplaining’.

Women Don’t Want Pink

Women don’t want things to be pink and fluffy (despite what the developers of Womencoin seem to think), but they do want products that appeal to their interests. There are dedicated insurance websites, retail stores, casinos, and social media apps for women. When bitcoin starts catering to the needs of women, providing products that add value to their lives, progress will be made. Gimmicky coins and female-focused tokens do little to help.

If egalitarian reasons don’t spur developers into catering for women, financial incentives certainly will. There’s a vast number of moms, sisters, girlfriends, and colleagues out there with high disposable income and a love for all things internet. This presents a huge business opportunity for whoever can figure out a way to get these women into bitcoin and to get bitcoin into their everyday lives.

Bitcoin is amazing. It removes monetary control from governments, enhances privacy, and gives individuals financial freedom. And that’s something that every man and woman on this planet deserves to experience.

What do you think can be done to get more women into bitcoin? Let us know in the comments section below.

Images courtesy of Shutterstock.

At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Why Aren’t There More Women in Bitcoin? appeared first on Bitcoin News.

BTC/USD

Bitcoin fell a bit during the trading session on Friday, breaking through the important $7000 level. However, the $6800 level previously has been supported, and it looks as if the buyers are trying to come back into the market. Because of this, I am a bit cautious, but willing to start buying Bitcoin above the $7000 level again as it would show a turn around and resumption of the bullish pressure that we have seen. It should also be noted that the Bollinger bands are signaling a slightly oversold situation, right along with the stochastic oscillator doing the same.

BTC/JPY

Bitcoin also fell against the Japanese yen slicing through the ¥800,000 level. I see a significant amount of support below at the ¥720,000 level, so it’s only a matter of time before the buyers return from what I see. However, I currently believe that we will probably get an opportunity against the dollar quicker than the yen.

Thanks for watching, I’ll see you tomorrow.

The post BTC/USD and BTC/JPY Technical Analysis November 13 2017 appeared first on NEWSBTC.

Key Highlights

• Ripple price declined recently and moved below the $0.2060 support area against the US Dollar.
• There are two bearish trend lines forming with resistance at $0.2030 on the hourly chart of the XRP/USD pair (data source from Kraken).
• The price is currently correcting higher, but it is facing many resistances near $0.2060.

Ripple price declined recently against the US Dollar and Bitcoin. XRP/USD is now below $0.2060 and struggling to recover in the short term.

Ripple Price Resistance

There was a decent upside move in Ripple price above $0.2200 this past week against the US Dollar. The price traded as high as $0.2240 before it started a downside move. It declined sharply and moved below the $0.2100 and $0.2060 support levels to settle below the 100 hourly simple moving average. It even broke the $0.1960 support area and traded as low as $0.1896.

A recovery was initiated later, which took the price above the $0.1970 level. XRP also moved above the 23.6% Fib retracement level of the last decline from the $0.2240 high to $0.1896 low. On the upside, there are two bearish trend lines forming with resistance at $0.2030 on the hourly chart of the XRP/USD pair. The $0.2030 resistance is also near the 50% Fib retracement level of the last decline from the $0.2240 high to $0.1896 low. Therefore, a close above the $0.2030 and $0.2060 resistance levels won’t be easy in the near term.

On the downside, the $0.1900 level is a decent support. Below $0.1900, the recent low near $1896 might provide support. The overall trend is neutral with chances of a dip back toward the $0.1900 level in the near term.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is attempting to move back in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is above the 50 level and heading higher.

Major Support Level – $0.2180

Major Resistance Level – $0.2250

Charts courtesy – Trading View, Kraken

The post Ripple Price Technical Analysis – Can XRP/USD Recover above $0.2060? appeared first on NEWSBTC.

Monero and DASH are pumped following BTC scaling problems. As cryptocurrency users seek alternatives, Monero and DASH will continue to appreciate. Meanwhile, NEM and NEO are trading lower within a bear break out strategy while IOTA bulls are rejuvenated and testing highs of $0.61.

BREAK OUT STRATEGY IN PLAY, $0.20 SUPPORT BROKEN

Our bear run continued after November 10 double bar reversal pattern at the 68.2% August September Hi-Los Fibonacci retracement level.

At the close of yesterday’s candlestick, a bear strong bear candlestick had formed following a doji on November 11. Even though bears and bulls were cancelling each other out, price action closed below the 20 period MA. USD bulls followed through and alt coin NEM prices trickled down below major support at $0.20.

We recommend shedding NEM as the bear break out continue to play out until around $0.03 main support line. This level is the ideal bear take profit level  coinciding with the 161.8% Fibonacci extension level.

$525 HIT AFTER SURGE OF MONERO AND DASH BULLS

Like BCH, DASH is benefiting from capital flight from BTC given its scalability and ease of transaction.

This is putting the much needed upward pressure on DASH as we can see with that $263 move up. Going forward, fundamentals and development at the BTC sphere will continue to drive Monero and DASH.

The larger the swings, the deeper the corrections.  As it appears, September 2 and 25 highs at $410 and $353 zone out a perfect buy range. This comes after price action hit the 161.8% Fibonacci extension level at $525.

Currently, we recommend buying at every dip.

IOTA BULLS TESTING $0.61 RESISTANCE LINE

USD bulls weren’t successful in pushing alt coin IOTA prices below $0.48 support line after November 11.

Bull break out trade strategy is still on course after resistance trend break out on November 7. Alt coin IOTA continues to trend higher with a mix of strongly bullish and long lower wick candlesticks meaning buy pressure is still high.

Any break above $0.61 exposes $0.74 and $1.00 immediate resistance lines and highs of September 4 and August 27 to IOTA bulls.

SEGWIT 2X FAILS MONERO AND DASH PUMP CONTINUES

Analysis of this pair is from two technical developments clear over the past two trading days. To begin with, after that over-extension on November 9, alt coin Monero sunk from $123. Later, Monero ended up testing main resistance now support line at $101.

Secondly, as a BTC alternative, Monero is charting higher and is now trending towards immediate resistance at $133. Currently, prices are above the strong support trend line at $114.

Monero bulls should buy on every dip on the lower time frame charts. First bull targets are at August highs of $155 and $210 Fibonacci extension level.

NEO BACK INTO THE $10 TRADING RANGE

Despite the initial bull pressure, NEO bear break out strategy is still on course. Furthermore, because there is no pump on this pair, therefore USD bulls are in charge.

After November 7 highs of 38, alt coin NEO price action is now trending back within a $10 squeeze that begun on October 10. On November 12, NEO closed below the 20 period resistance line. If USD bull pressure continue, it look likely that NEO prices will drop below support line at $24.

Our ultimate bear target is at $13 which is September 15 lows.

All charts courtesy of Trading View

The post MONERO AND DASH BENEFIT AS BTC ALTERNATIVES (November 13, 2017) appeared first on NEWSBTC.

Business technology firm Hewlett Packard Enterprise is launching a new blockchain service next year.

Key Highlights

• ETH price is slowly moving higher and recently broke the $312 resistance against the US Dollar.
• There is a major bullish trend line forming with support at $308 on the hourly chart of ETH/USD (data feed via SimpleFX).
• The price is about to dip or correct lower, but remains supported above the $305 level.

Ethereum price is slowly gaining pace against the US Dollar and Bitcoin. ETH/USD is now well above $305 and looking to extend gains.

Ethereum Price Trend

There was a decent upside move in ETH price from $297 against the US Dollar. The price gained pace and moved above the $307 level and the 100 hourly simple moving average. The current wave is positive above the 50% Fib retracement level of the last decline from the $326 high to $288 low. At present, the price is attempting a close above a bearish trend line with resistance at $313.

If buyers succeed in gaining momentum above $315, there can be more upsides above $320. On the downside, there is a major bullish trend line forming with support at $308 on the hourly chart of ETH/USD. An initial support is around the 23.6% Fib retracement level of the last wave from the $301.45 low to $316.30 high. However, the most important support is near $305-307 and the 50% Fib retracement level of the last wave from the $301.45 low to $316.30 high.

The current price action is positive above $305, but buyers need to push the price above $320. If they fail, there is a chance of a downside reaction back towards $300. On the upside, if there is a break above $320, the price could test the $326-328 area. Any further gains depend on whether ETH/USD can move above $330 or not.

Hourly MACD – The MACD is slowly moving in the bullish slope.

Hourly RSI – The RSI is well above the 50 level.

Major Support Level – $307

Major Resistance Level – $320

Charts courtesy – SimpleFX

The post Ethereum Price Technical Analysis – ETH/USD Eyeing Upsides appeared first on NEWSBTC.

HydroMiner is the new benchmark for Austrian ICOs

Green energy crypto mining startup HydroMiner continues to witness a high subscription to its ongoing H2O token sale, already breaking several records along the way with still more than two days remaining on its ICO.

At the time of writing on 12 November, the HydroMiner ICO has already sold over 958,00 H2O tokens, raising more than 8,000 ETH (currently valued at over USD 2.45 million) in just 25 days.

This impressive performance places HydroMiner among the successful ICOs to have launched in Austria. It surpasses the USD 2 million raised by Austria’s first ICO (an e-sports betting platform) in October. Austria is establishing itself as a great crypto destination in Europe.

The incredible demand for H2O tokens was apparent even from the opening day of the ICO, which drew in hundreds of participants in the first moments, buying tokens worth a record 1,874 ETH in only 30 minutes.

HydroMiner’s viability makes it an attractive opportunity

It has been apparent from the beginning that the HydroMiner ICO would be one of the most unique opportunities to present itself among blockchain enterprises, with its mission of an eco-friendly hydropower solution aiming to open up the complex world of crypto mining to the public.

With an existing operation providing the basis for profitability projections with real-world comparisons to alternatives such as cloud mining and home mining, the HydroMiner team presents a realistic business plan with a long-term perspective.

Openness and transparency key to huge support

Led by the sisters Nadine and Nicole Damblon, the HydroMiner management sets the standard for an open and transparent ICO, with regular face time with its community, through interviews and previews from their facilities. They are one of the very few ICO projects to fully welcome participants and supporters to tour their mining facilities in Austria, ensuring that the project actually exists.

They have also been forward and prompt in informing supporters about developments to HydroMiner, most particularly when the tokenized model of profits was revised to better reflect regulatory compliance.

The Damblons and their team have also been participating in blockchain conferences throughout the year, ensuring that the HydroMiner project’s profile continues to be public, and taking their vision to the masses.

Regulatory assurance for increased confidence and trust

The surge in demand for H2O tokens during the ICO is likely to also be partly owing to HydroMiner’s commitment to ensuring that its operation achieved long-term feasibility in terms of business legitimization and sustainability.

Since the conclusion of the pre-sale, HydroMiner has worked tirelessly to protect its investors by making sure that HydroMiner would be able to operate for many years to come, generating value to every stakeholder, token holder and the local communities it aims to support.

In engaging Austrian legal firm and ICO regulation experts Stadler Völkel, HydroMiner has demonstrated its willingness to be fully prepared to navigate the ever-evolving environment of regulatory, financial and legal frameworks. It recognizes that ICOs are a new tool in finance that must be proactive in complying with often fast-changing regulations.

Participate in one of the year’s most unique ICOs in the lucrative industry of crypto mining

With less than 70 hours remaining, it’s not too late to grab your share of HydroMiner’s H2O tokens at its token sale page. From there, all contributors will need to agree to terms and conditions, and whitelist the Ethereum address and emails intended to be used. Non-whitelisted contributions will not be recognized.

Those who contribute from now to 15 November will still benefit from a 5% bonus on all token purchases.

About HydroMiner, the green cryptocurrency mining start-up

HydroMiner started life little over a year ago as a modest mining rig run by sisters Nadine and Nicole Damblon in their own apartments in Austria. It has since grown into a large-scale mining operation powered by carbon-neutral hydro-power stations in the Austrian Alps.

It was here that they hit upon the idea of solving the unsustainability of an increasingly power-hungry mining industry thanks to exponentially increasing difficulty. Austria leads the world in renewable energy, generating the most renewable energy among EU countries. Currently, over 670 run-of-river power plants and 1,800 small-scale hydropower stations generate more than 60% of Austria’s electricity.

Hydropower is not only cheaper, it results in more savings when used as part of a flowing river water-based cooling system. It also has a carbon footprint 100 times smaller than that of conventional fossil fuel.

The HydroMiner ICO

HydroMiner currently operates two hydropower stations near Vienna, the capital of Austria.

The HydroMiner token sale aims to raise funds to finance an expansion of mining capacity through the rental of more hydropower stations. Its tokenized model will also allow investors to participate in an industry-first initiative in eco-friendly crypto mining.

The post HydroMiner Approaches ICO Conclusion with Record-Setting Success appeared first on NEWSBTC.

Key Points

• Bitcoin cash price surged above the $2000 level against the US Dollar before starting a sharp downside correction.
• There is a monster bullish trend line forming with current support at $1300 on the hourly chart of BCH/USD (data feed from Kraken).
• The price is now consolidating in a range above the $1300 level and with resistance at $1750.

Bitcoin cash price rocketed as high as $2600 against the US Dollar. BCH/USD is now correcting lower and remains well below $2000.

Bitcoin Cash Price Trend

There was a sharp upside move in Bitcoin cash price above the $2000 level against the US Dollar. The price rocketed above $2500 and traded to a new all-time high around $2600. Later, there was a sharp downside move below $2000 and the price tumbled by more than $1000. The price traded towards the $1200 support area where buyers protected downside and later BCH started trading in a range.

It moved above the 23.6% Fib retracement level of the last drop from the $2600 high to $1200 low. However, the upside move was capped by the $1800 level. Moreover, the 38.2% Fib retracement level of the last drop from the $2600 high to $1200 low acted as a resistance. On the downside, it seems like there is a monster bullish trend line forming with current support at $1300 on the hourly chart of BCH/USD.

The highlighted trend line support is holding losses above the $1300 level. On the upside, there is a connecting bearish trend line forming with resistance at $1800. As long as the price is above $1200, it can make another upside attempt toward $1800 or higher.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is about to move back in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is currently near the 50 level.

Major Support Level – $1300

Major Resistance Level – $1800

Charts courtesy – Trading View, Kraken

The post Bitcoin Cash Price Technical Analysis – BCH/USD Corrects Sharply From $2600 appeared first on NEWSBTC.

Bitcoin gold, the latest fork of the bitcoin blockchain, is officially live after a rocky start.