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ETH/USD and ETH/BTC Technical Analysis November 15 2017

Hello and welcome to News BTC’s Market Outlook November. ETH/USD Ethereum continues to chop around in a slow upward grind against the US dollar, as we have found the $330 level to cause a bit of trouble. However, I think we will continue to see buyers underneath so it’s likely that the market continues to … Continue reading ETH/USD and ETH/BTC Technical Analysis November 15 2017

The post ETH/USD and ETH/BTC Technical Analysis November 15 2017 appeared first on NEWSBTC.

Hello and welcome to News BTC’s Market Outlook November.

ETH/USD

Ethereum continues to chop around in a slow upward grind against the US dollar, as we have found the $330 level to cause a bit of trouble. However, I think we will continue to see buyers underneath so it’s likely that the market continues to rally from here, perhaps offering an opportunity to get involved to the upside as we continue to reach towards the $350 level above.

ETH/BTC

Ethereum also has been rallying against Bitcoin, and looks likely to continue to do so, at least until we reach towards the 0.055 level. Pullbacks of this point should be supported at the 0.046 level, but if we break down below there, we should resume the longer-term downtrend. At best, this is a short-term buying opportunity.

Thanks for watching, I’ll be back tomorrow.

The post ETH/USD and ETH/BTC Technical Analysis November 15 2017 appeared first on NEWSBTC.

Bitcoin: Either the future of property deals or millennial marketing tool – Business Insider

Business InsiderBitcoin: Either the future of property deals or millennial marketing toolBusiness InsiderHe says a bitcoin transaction is easier and cheaper from a technical point of view. A firm in the United States checks the legitimacy of his prospe…


Business Insider

Bitcoin: Either the future of property deals or millennial marketing tool
Business Insider
He says a bitcoin transaction is easier and cheaper from a technical point of view. A firm in the United States checks the legitimacy of his prospective bitcoin buyers, a process which Loginov says is "much cheaper" than the equivalent process for ...

and more »

Dutch Financial Regulator Warns Investing in Initial Coin Offerings Very Risky

In his statement, AFM chairperson Merel van Vroonhoven said that there is great promise shown by Blockchain technology for financial services applications but there is also high risk of scams and loss of investments in ICOs.

In his statement, AFM chairperson Merel van Vroonhoven said that there is great promise shown by Blockchain technology for financial services applications but there is also high risk of scams and loss of investments in ICOs.

Ripple Price Technical Analysis – XRP/USD Forming Breakout Pattern

Key Highlights Ripple price is placed nicely above the $0.2000 handle against the US Dollar and eyes further gains. There is a contracting triangle forming with support at $0.2040 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is holding the bullish bias and it might attempt an upside break … Continue reading Ripple Price Technical Analysis – XRP/USD Forming Breakout Pattern

The post Ripple Price Technical Analysis – XRP/USD Forming Breakout Pattern appeared first on NEWSBTC.

Key Highlights

  • Ripple price is placed nicely above the $0.2000 handle against the US Dollar and eyes further gains.
  • There is a contracting triangle forming with support at $0.2040 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The price is holding the bullish bias and it might attempt an upside break above $0.2100.

Ripple price remains in the bullish zone against the US Dollar and Bitcoin. XRP/USD needs to gather pace above $0.2100 for more gains.

Ripple Price Trend

There were decent gains in Ripple price this week above $0.2000 against the US Dollar. The price is currently placed well in the bullish zone and looks set to break the $0.2100 level sooner or later. It corrected nicely from the $0.1900 swing low and also moved above the 38.2% Fib retracement level of the last leg down from the $0.2240 high to $0.1898 low.

However, the price seems to be finding sellers near the $0.2080 and $0.2100 levels. Moreover, the 50% Fib retracement level of the last leg down from the $0.2240 high to $0.1898 low is preventing further upsides. At present, the price is above the 100 hourly simple moving average and $0.2000. However, it has to move above the $0.2100 level for further gains. Moreover, there is a contracting triangle forming with support at $0.2040 on the hourly chart of the XRP/USD pair.

Ripple Price Technical Analysis XRP USD

A break above the contracting triangle resistance at $0.2100 would open the doors for more gains. The next stop for buyers could be near $0.2200. On the downside, the $0.2040 level is a major support area. Below $0.2040, the next major support is near the $0.2000 handle.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is currently struggling to move into the bullish zone.

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

Major Support Level – $0.2040

Major Resistance Level – $0.2100

 

Charts courtesy – Trading View, Kraken

The post Ripple Price Technical Analysis – XRP/USD Forming Breakout Pattern appeared first on NEWSBTC.

DASH/USD and LTC/USD Technical Analysis November 15 2017

Hello and welcome to News BTC’s Market Outlook November. DASH/USD DASH continues to go sideways, just above the $400 level. There is a lot of support just below, but I think the market may drift slightly lower to pick up momentum. That would be expected, because we have recently broken out over significant resistance. I … Continue reading DASH/USD and LTC/USD Technical Analysis November 15 2017

The post DASH/USD and LTC/USD Technical Analysis November 15 2017 appeared first on NEWSBTC.

Hello and welcome to News BTC’s Market Outlook November.

DASH/USD

DASH continues to go sideways, just above the $400 level. There is a lot of support just below, but I think the market may drift slightly lower to pick up momentum. That would be expected, because we have recently broken out over significant resistance. I suspect the $375 level is an area that will attract a lot of attention, as $350 will most certainly do as well.

LTC/USD

Litecoin continues to grind sideways near the $61 level, trying to break above the $62 level. I think at this point, the $58 level underneath his support, so if we can stay above there, this should continue to be a “buy on the dips” opportunity to build up a larger position. A breakdown below $58 probably sends this market down to the $52 level.

Thanks for watching, I’ll be back tomorrow.

The post DASH/USD and LTC/USD Technical Analysis November 15 2017 appeared first on NEWSBTC.

BITCOIN ALTERNATIVES DASH AND MONERO ARE IN A POLE POSITION TO GAIN

Bitcoin alternatives DASH and Monero is expected to test last week’s high now that both technical and fundamental set ups favor them. While there was an update for DASH, Monero is considered secure and scalable and both should benefit from BTC legacy capital outflows. On the other hand NEO and NEM are at the early … Continue reading BITCOIN ALTERNATIVES DASH AND MONERO ARE IN A POLE POSITION TO GAIN

The post BITCOIN ALTERNATIVES DASH AND MONERO ARE IN A POLE POSITION TO GAIN appeared first on NEWSBTC.

Bitcoin alternatives DASH and Monero is expected to test last week’s high now that both technical and fundamental set ups favor them. While there was an update for DASH, Monero is considered secure and scalable and both should benefit from BTC legacy capital outflows. On the other hand NEO and NEM are at the early stages of a bull run and should appreciate in due course.

Let’s look at the charts:

NEM RESTRICTED TO A $0.02 TRADE RANGE

alt coin NEM Daily chart
NEMUSD Daily Chart for November 15, 2017

To say the least, yesterday’s NEM price action was tepid and oscillating around the 20 period MA and the main resistance line at $0.20.

Alt coin NEM trading chart also shows that the trading range was $0.02 with NEM closing above the 20 period MA. Of course as we can see, there is consistent bull pressure after that over-extension on November 2.

If bulls manage to close strongly above the 20 period MA today, NEM will probably retest the main resistance trend line at $0.22. However, if it reverses bears would still be in charge.

BITCOIN ALTERNATIVE DASH RECOVERS AND TREND HIGHER

Bitcoin alternatives DASH Daily chart
DASHUSD Daily Chart for November 15, 2017

According to our trade plan, DASH correction lower paused at the buy zone and by close of day, long lower wicks had formed.

This pointed to bull pressure and as momentum continues to swing higher, DASH bulls should be long in lower time frames. DASH bull pressure and close above August highs means DASH are right in charge. More upward potential will be clear especially if today price action ends us banding along the upper BB.

BULL PRESSURE PUSHING IOTA PRICES HIGHER

alt coin IOTA Daily chart
IOTUSD Daily Chart for November 15, 2017

Despite the stochastic sell signal in the daily trading chart of IOTA, bulls are actually in charge. Furthermore, alt coin IOTA price action has a buy signal in place in the weekly chart.

That bullish pressure will definitely spill over to the daily chart where there was expectation of further correction below $0.61. We advice bulls to place a buy stop above September 12 and 30 highs of $0.65.

If bulls continue to push above resistance line at $0.61, then short term bear forecast will be null.

BITCOIN ALTERNATIVES MONERO TESTS 105

Bitcoin alternatives Monero Daily chart
Monero Daily Chart for November 15, 2017

Overly alt coin Monero bulls should drive prices higher. This correction and test of previous resistance now support at $105 is normal after Monero rally last week.

Evidently, November 13 and 14 candlesticks had long lower wicks that tested the resistance zones at break out zones. Therefore, ideal entries is at $105 especially if USD bulls continue to drive prices lower.

Bulls should just wait for a buy signal at support zone.

If prices fails to close below $120, then we recommend buy stops above September 7 highs of $135.

BREAK ABOVE 20 PERIOD MA AND RESISTANCE TREND LINE MEANS NEO BULLS ARE IN CHARGE

alt coin NEO Daily chart
NEOUSD Daily Chart for November 15, 2017

NEO bull pressure within the $10 is evident. Stochastics are swing up as prices appreciate due to NEO pump.

As per our recommendations, Intraday traders should be placing long positions only. From the charts, price action which is above the  main resistance trend line while bull momentum is increasing.

Furthermore, the 20 period MA is now support after that bull candlestick on November 13. Accordingly, trend traders should wait until NEO break out from this $10 range before initiating a trade.

All charts courtesy of Trading View

The post BITCOIN ALTERNATIVES DASH AND MONERO ARE IN A POLE POSITION TO GAIN appeared first on NEWSBTC.

BTC/USD and BTC/JPY Technical Analysis November 15 2017

Hello and welcome to News BTC’s Market Outlook November. BTC/USD Bitcoin has been relatively quiet during the Tuesday session, as we continue to hover just above the 6500 level. The market looks likely to find a bit of support in this area, but with the stochastic oscillator crossing at the 80 level, I am a … Continue reading BTC/USD and BTC/JPY Technical Analysis November 15 2017

The post BTC/USD and BTC/JPY Technical Analysis November 15 2017 appeared first on NEWSBTC.

Hello and welcome to News BTC’s Market Outlook November.

BTC/USD

Bitcoin has been relatively quiet during the Tuesday session, as we continue to hover just above the 6500 level. The market looks likely to find a bit of support in this area, but with the stochastic oscillator crossing at the 80 level, I am a bit hesitant in the short term. I need to see a break above the 6800 level to start buying, which at that point I think 7000 becomes the next resistance barrier. Otherwise, a pullback from here should have people interested again near the 6200 level.

BTC/JPY

Bitcoin also rolled over a little bit against the Japanese yen, as we are oversold in the stochastic oscillator also. I think that ¥700,000 makes more sense for the buyers to return, as we are trying to build up a bit of confidence. ¥725,000 is also an area where we could find buyers, so any type of bounce in that region could be an opportunity to go long as well.

Thanks for watching, I’ll be back tomorrow.

The post BTC/USD and BTC/JPY Technical Analysis November 15 2017 appeared first on NEWSBTC.

Square Cash is letting some users buy and sell Bitcoin – TechCrunch


TechCrunch

Square Cash is letting some users buy and sell Bitcoin
TechCrunch
Square is testing cryptocurrency support in their Cash app, according to TechCrunch reader Zach Miles on Twitter and confirmed by the company. The trial, which seems to only be available right now to a small number of users, lets you buy and sell
Square’s Cash App: A New Place To Buy And Sell Bitcoin?Forbes
Bitcoin’s High Transaction Fees Show Its LimitsBloomberg
Adam Back: Bitcoin Block Size Increase in Mid-Term is PossibleCointelegraph (Bitcoin, Cryptocurrency and Blockchain News)
Investopedia (blog) –MIT Technology Review –Seeking Alpha
all 45 news articles »

TechCrunch

Square Cash is letting some users buy and sell Bitcoin
TechCrunch
Square is testing cryptocurrency support in their Cash app, according to TechCrunch reader Zach Miles on Twitter and confirmed by the company. The trial, which seems to only be available right now to a small number of users, lets you buy and sell ...
Square's Cash App: A New Place To Buy And Sell Bitcoin?Forbes
Bitcoin's High Transaction Fees Show Its LimitsBloomberg
Adam Back: Bitcoin Block Size Increase in Mid-Term is PossibleCointelegraph (Bitcoin, Cryptocurrency and Blockchain News)
Investopedia (blog) -MIT Technology Review -Seeking Alpha
all 45 news articles »

Bitcoin Cash Price Technical Analysis – BCH/USD Facing Crucial Resistance

Key Points Bitcoin cash price attempted an upside move above $1400 against the US Dollar but failed to gain momentum. This week’s highlighted major bearish trend line with resistance at $1300 is intact on the hourly chart of BCH/USD (data feed from Kraken). The price has to move above $1300 and $1400 to gain upside … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD Facing Crucial Resistance

The post Bitcoin Cash Price Technical Analysis – BCH/USD Facing Crucial Resistance appeared first on NEWSBTC.

Key Points

  • Bitcoin cash price attempted an upside move above $1400 against the US Dollar but failed to gain momentum.
  • This week’s highlighted major bearish trend line with resistance at $1300 is intact on the hourly chart of BCH/USD (data feed from Kraken).
  • The price has to move above $1300 and $1400 to gain upside momentum in the near term.

Bitcoin cash price is struggling to gain momentum above $1300 against the US Dollar. BCH/USD might gain pace if it closes above $1400.

Bitcoin Cash Price Upside Hurdle

Recently, there was a decent attempt by bitcoin cash price above the $1300 level against the US Dollar. However, the price failed to gain momentum above $1400 and declined again. There was an attempt to break this week’s highlighted major bearish trend line with current resistance at $1300 on the hourly chart of BCH/USD. The mentioned attempt failed since there was no break of the $1400 level.

The pair moved down and traded below the 38.2% Fib retracement level of the last wave from the $1000 swing low to $1533 high. It seems like the price is struggling to gain pace above $1300 and the trend line resistance. A close above $1300, followed by $1400 is needed for further gains. On the downside, the $1200 support and the 61.8% Fib retracement level of the last wave from the $1000 swing low to $1533 high are decent buy zones.

Bitcoin Cash Price Technical Analysis BCH USD

A break of the $1200 level could ignite a downside wave toward the $1050 level. If there are further declines, then $1000 might be tested. On the upside, a close above $1400 would take the price toward the $1650 level.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is mostly flat in the bearish zone.

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

Major Support Level – $1200

Major Resistance Level – $1400

 

Charts courtesy – Trading View, Kraken

The post Bitcoin Cash Price Technical Analysis – BCH/USD Facing Crucial Resistance appeared first on NEWSBTC.

Bitcoin Bulletproofed: Wuille, Maxwell and More Propose Scalable Privacy Tech – CoinDesk

CoinDeskBitcoin Bulletproofed: Wuille, Maxwell and More Propose Scalable Privacy TechCoinDeskA rough sketch of the confidential transactions idea was first proposed informally on a popular bitcoin forum in 2013 by Adam Back, CEO of bitcoin startup Bloc…


CoinDesk

Bitcoin Bulletproofed: Wuille, Maxwell and More Propose Scalable Privacy Tech
CoinDesk
A rough sketch of the confidential transactions idea was first proposed informally on a popular bitcoin forum in 2013 by Adam Back, CEO of bitcoin startup Blockstream, and while the technology has been iterated on over the years, it still comes with a ...

and more »

Ethereum Classic Price Analysis – Bullish continuation

Ethereum Classic (ETC) now has a market capitalization of US$1.7 billion, making it the 15th largest cryptocurrency. Trading volume recently hit record highs of US$1 billion in a 24 hour period, exceeding even Ethereum (ETH) on that day. Trading volume…

Ethereum Classic (ETC) now has a market capitalization of US$1.7 billion, making it the 15th largest cryptocurrency. Trading volume recently hit record highs of US$1 billion in a 24 hour period, exceeding even Ethereum (ETH) on that day. Trading volume puts ETC in the top five most traded cryptocurrencies. The coin is up 979% from January 1st this year.ETC was born out of a questionably contentious hard fork following the Decentralized Autonomous Organization (DAO) hack. The DAO which was originally established as a venture capital fund, launched with a crowdsale in April 2016. As of May 2016, the fund held ~14% of all ETH issued at the time, roughly ~US$150 million, from 11,000 investors.