Day: November 20, 2017

Of all the major alt coins, NEM move up is slow but the trend is clear. After a sudden spike in prices, NEM still managed to close as a bull despite USD bulls driving prices lower below the main resistance trend line.

Monero is also another cryptocurrency with an upside potential following that close above $136 on November 20. That was the first time it did so in 72 days.

Let’s look at the charts:

NEM MOVE UP WITH IMMEDIATE TARGET AT $0.25

As per our recommendation, NEM price action continued to trend higher. Bulls are ramping up their long exposures as we can see from the volumes chart and increasing buy momentum.

Notice that there was a temporary price spike above the upper resistance trend line yesterday. All in all, NEM bulls are in charge and the first target should be at $0.25 especially if prices break above this two month old wedge.

DASH EXPLODES AND TEST $670

After that aggressive bullish push on November 12, DASH price action is literally exploding once more. After November 18 retest of August highs, the past two candlesticks have been confined within a tight $45 range.

As long as prices remain above $410, DASH bulls are in charge.

ALT COIN IOTA BULLS BLOW PAST $0.90

Our potential IOTA reversal point were set at $0.90 but as you can see, price action is now trending above our resistance zone. In fact, alt coin IOTA bulls are quickly zeroing in and testing the August all time highs.

Should IOTA bulls break and close above $0.98 which is the second level of resistance after $0.9 then a price action will be confirming a strong bullish momentum. If that happens, IOTA bulls should be aiming at August 27 highs of $1.1.

August highs is a very critical level for IOTA bulls and any test will be the first since IOTA inception.

MONERO BULLS SET THEIR SIGHT ON AUGUST HIGHS AND BEYOND

Even though we were expecting price to react at $136, Monero bulls pushed prices higher and closed above November 12 highs.

Looking left and you notice that yesterday’s move up was the first time in 2.5 months where price action has managed to convincingly close above $136 after that devaluation on September 2.

If you paste a Fibonacci retracement tool from September-July Hi-Lo, you discover that prices reversed from the 61.8% correction level and history shows that prices often end testing the 161.8% extension level after such bounce. We therefore interpret that this bullish rally which begun on November 5 will continue.

The likelihood of Monero closing above August highs is high. Monero bulls should first aim at $153 before potential testing of the Fibonacci extension levels of 150% and 161.8% at $210 and $230.

NEO BULLS SQUELCHED AT $45 RESISTANCE LINE

Following that bear divergence pattern in the 4HR chart, NEO price action is now correcting lower following that over valuation.

It is worth noting that a double reversal pattern is also forming along the main support trend line. Besides that, there is a whole candlestick outside the upper BB.

Further NEO devaluation by today’s makes November 18 and 19 highs a bear break out retest. If that happens, then we sell. Either way, this reversal will keep price action oscillating within another $20 trading range between $45 and  $20.

All charts courtesy of Trading View

The post NEM MOVE UP IS SLOW BUT SURE. POTENTIAL BULL TARGET MAINTAINED AT $0.25 appeared first on NEWSBTC.

The latest price overview is served.

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

ETH/USD

Ethereum broke through the $350 level over the weekend, and has since come back to retest that area several times. $350 is now looking to offer support, and therefore I think that we are ready to go back towards the $375 level over the short term. Expect massive support below at the $340 level as well.

ETH/BTC

With Bitcoin reaching all-time highs over the weekend, it’s not much of a surprise that this pair has drifted a little lower. At this point, I would be a bit cautious about buying, as the upside seems to be capped near the 0.048 region. However, Ethereum look strong enough to keep me from selling currently.

Thanks for watching, I’ll be back tomorrow.

The post ETH/USD and ETH/BTC Technical Analysis November 21 2017 appeared first on NEWSBTC.

Ethereum development startup ConsenSys is expanding to London.

UTN tokens by Universa project have sparked enormous interest where they were offered as a part of inter-project token swap (IpTS). The number of applications for tokens more than 5 times exceeded the supply, with the swap lasting for just 4 days (from 6 till 9 of November). The holders of ICOS tokens had an opportunity to get Universa digital assets at a better exchange rate of 1 to 4 (or with 75% discount) and were so delighted with such offer that even asked to prolong this offer under the IpTS programme.

“Certainly it is a great pleasure for us that exchange for UTN tokens has aroused such an interest. It means that we are doing a huge story and are moving in the right direction. We are happy to cooperate with ICOBox within the inter-project token swap programme. That is a good opportunity for us to attract more potential users of the system we are developing, as well as for the users to benefit from the innovations provided by our company,” commented Alexander Borodich, founder and president of Universa.

UTN tokens can be used for any operation within the scope of Universa system. For example for paying for transaction, licences for master-nodes and other services.

Despite the fact that the exchange of UTN tokens within the IpTS program was completed, UTN tokens will still be available for purchase during the Universa ICO, which will last until December 9. At the current exchange rate, the price of one UTN token is $ 0.011 ($ 0.0115, starting November 18), but by the end of the initial offering program, the price for one cryptocurrency unit will gradually increase up to $ 0.0125.

By the way, it is not for the first time that Universa is causing an excitement in the market of cryptocurrencies. On October 28, the day of the ICO launch, the project attracted more than $ 10 million for only the first three hours. The company’s goal is to raise $100 million. The collected funds are to be spent on the protocol development, the creation of the Universa fund for investing in the blockchain based businesses, marketing, legal issues and other purposes.

Universa is a Russian protocol and a blockchain platform, that created to build business applications aimed at solving problems in the real sector of the economy (for example, contracting, providing services, managing ownership, issuing national or corporate crypto-currencies). As the creators of the platform note, its main advantages over competitors are the speed of operations (Universa allows to conduct 22 thousand operations per second), low cost of services and reliable crypto protection. For comparison, Universa works 100 times faster, and its transactions cost 1000 times cheaper than a similar bitcoin blockchain. In addition, the platform provides extensive opportunities for using tokens – from electronic access keys, bus tickets and gift certificates to direct settlements between banks.

Interproject Token Swap or IpTS technology is an absolutely new and unique service which was developed and offered for its clients by the ICOBox company, which is the leading supplier of “box” solutions for holding ICO campaigns on fixed price. The instrument was developed after the users of the ICOS platform, most of whom are professional token holders, paid their attention to it. The meaning of the IpTS is creating mutual exchange of digital assets between ICOS token holders and new projects. Thus, the ICOS platform users have larger access to tokens of new and often promising start-ups.

The post The number of applications for tokens exceeds the supply by 5 times. How did Universa manage to blow away the cryptocurrency market again? appeared first on NEWSBTC.

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

DASH/USD

DASH went sideways during most of the session on Monday, but the weekend was good for the crypto currency space in general. Because of this, we have used $400 as a springboard, and it looks likely that we will continue to go higher. The next move will be to the $480 level, followed very quickly by the $500 in my estimation. Pullbacks continue to offer value.

LTC/USD

Litecoin of course rallied right along with the rest of the crypto currencies over the weekend, as we are approaching $72. The next psychological barrier will be the $75 handle, and at this point, I suspect that the $66 level is going to offer a bit of a “floor.” With that in mind, I am a buyer of dips as they occur.

Thanks for watching, I’ll be back tomorrow.

The post DASH/USD and LTC/USD Technical Analysis November 21 2017 appeared first on NEWSBTC.

CycloShield LTD is a startup based in United Kingdom which has developed a gadget to improve the security for cyclists, both sportspeople and commuters. This device works connected to a smartphone with the official App, allowing final users to create a virtual community, the perfect scenario for implementing a cryptocurrency: CycloShieldCoin (CYS).

After a couple of cyclists accidents caused by cars during Summer 2014, our team realised that there was nothing in the market focused in passive safety for cyclists, at that moment. Francisco Martin, Javier Fabrega, Tanausu Tejera and Luis Lopez decided to combine their different backgrounds to develop a revolutionary device from scratch.

The physical product, CycloShield Nano, and cryptocurrency token CYS offer real life use cases and the assurances of a traceable project. The physical product is a safety gadget which could detect accidents and falls, send automated SOS calls to the emergency systems containing the position of the cyclist, record vehicles violating the security perimeter and act as a road assistant. CycloShield Nano is used in conjunction with our official App.

Cyclists are an ample group and on the rise. There is a great demand for high-tech gadgets and cyclists, ranging from professionals to commuters, desire to invest in their own safety. Our goal is to remunerate cyclists for information about the most suitable routes and real time information.

By using the blockchain, it is possible to ensure the transparency of our payment system as well as granting users complete liberty to exchange CYSs without the need for any intermediaries, CycloShield LTD or others. Providing our users with our own token will open up a wide variety of options to pay them for their contributions. CYS is the token for road safety, sports activity and real time road information collection.

The CYS token could be used as payment method for a variety of tasks from final users to advertisers and will be also buyable by corporate users in our own store with credit cards. Corporate users will be able to buy CYS tokens using cards right on our web store, enabling them to buy Ads on our specialised App. This will eliminate friction and promote adoption among advertisers like never seen before. Buying a token has never been easier.

Additional measures such as token burning will help the market sustain the price and have enough liquidity for a healthy economy. Our strategy of burning part of the tokens we receive from product and Ads sales will gradually reduce the token supply and might cause the token to increase in value due to an ever decreasing token supply.

The creation of the monetary mass will be fixed and final as per the ICO, proportional to the funds raised. The total number of tokens will be 1 billion if we reach our hard-cap of 10,000ETH. The token will implement the ERC-20 standard, this will make it familiar and easy to use to the average user of cryptocurrencies but we will not limit its reach, we will work on raising awareness of this token in the cycling world because every CycloShield
Nano will come preloaded with a wallet.

The ICO will take place on January 8th. It will be carried out by FundYourselfNow that will hold funds in escrow, this way we will be only allowed to obtain the funds if the ICO reaches the minimum, being 2,000ETH. This is the bare minimum necessary to fund this new version of CycloShield Nano and to implement the use of the token. In addition, there will be a hard cap of 10,000ETH.

As we want to create value for our investors, a Presale will start on December 1st, also carried out by FundYourselfNow, offering the 20% of Token Supply for sale at a 20% discount.

For more information, please visit
https://www.fundyourselfnow.com/projectdetails/Cycloshield

The post The coin that saves lives, the Coin for road safety appeared first on NEWSBTC.

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

BTC/USD

Bitcoin rallied on Monday again, breaking well above the $8000 level, and came very close to touching $8200 in early trading. The market is overextended, but we have a significant amount of support extending down to the $7500 level, so it’s very likely that buyers will continue to jump into the market on short-term pullbacks, as we are starting to see another impulsive leg higher.

BTC/JPY

Bitcoin also rallied against the Japanese yen, and we are now clear of the ¥900,000 level. At this point, it’s hard to imagine that we won’t reach ¥1 million, and therefore pullback should be considered buying opportunities as we have a significant amount of strength in the market, especially near the ¥880,000 level.

Thanks for watching, I’ll be back tomorrow.

The post BTC/USD and BTC/JPY Technical Analysis November 21 2017 appeared first on NEWSBTC.

ESports and gambling are some of the popular pastimes for many and with the introduction of cryptocurrencies, it has become much easier for both sports platforms and players to overcome many barriers that are directly associated with the regulatory environments across different geographies.

However, the cryptocurrency driven market has its own challenges, including the lack of trust and the fairness of games. Not to mention the expertise required for setting up decentralized platforms/system that enables users to place bets and run campaigns.

A bunch of tech researchers from MIT and MIPT have observed these shortcomings in the betting market and they have come up with a solution in the form of Betrium. It is the world’s first decentralized exchange and sports betting platform that is open to everyone and charges the lowest commissions. Some of the other features that make it stand apart from the rest is the model that allows event organizers, developers, and other parties to create their own betting events.

Betrium has set its eyes on a more than $1 trillion industry and it has embarked on a crowdsale campaign to.fund the development of the platform. As a part of its ICO campaign, Betrium is presently conducting a crowdsale campaign set to end on November 22, 2017.

The creators of Betrium, following their much broader vision are also working on offering additional features on the platform to provide a user-friendly ecosystem. The volatile nature of cryptocurrencies makes handling them a gambling of sorts and Betrium minimizes the impact of market conditions for users by providing volatility stabilization on the platform. Users on the platform will be protected from losing in regular dumps as their crypto-balances on Betrium will be fixed in virtual /EUR. To make it possible, the platform will integrate exchange functionality (USD/BTC/ETH). In addition, Betrium is also exploring partnerships with some of the leading exchange platforms.

The ongoing Betrium crowdsale offers a unique opportunity for the cryptocurrency and online betting community to be part of an industry-wide going platform. Those taking part in the pre-sale stand to gain the Betrium tokens at a heavily discounted price. In addition to the bonus, token holders also stand to enjoy a 50% profit share distributed among the token holders.

More information about the platform and the ongoing crowdsale is available at betrium.co.

Read the Betrium whitepaper for a better understanding of the platform.

The post Betrium Universal Betting Platform Eliminates Crypto-Volatility for Users appeared first on NEWSBTC.

Key Highlights

• ETH price made a nice upside move and traded above the $365.00 level against the US Dollar.
• There is a major bullish trend line forming with support at $366 on the hourly chart of ETH/USD (data feed via SimpleFX).
• The price might soon retest the recent high of $371.95 and it could even break it.

Ethereum price is moving higher against the US Dollar and Bitcoin. ETH/USD might soon break $380 for further gains in the near term.

Ethereum Price Support

The past two days were mostly bullish for ETH price as it moved above $365 resistance against the US Dollar. The price traded above the $370 level and formed a high at $371.95. Earlier, a downside move was initiated from the $370.50 high and the price traded below the 23.6% Fib retracement level of the last wave from the $325.09 low to $370.12 high. However, the stated move was only a part of a correction as the price found support near $350.

The 50% Fib retracement level of the last wave from the $325.09 low to $370.12 high acted as a major support. Moreover, there is a major bullish trend line forming with support at $366 on the hourly chart of ETH/USD. The trend line support prevented declines below $350 and is currently acting as a major support. The pair is now moving up again and is currently trading above $365. It seems like it will most likely continue to move higher and it could soon break $380.

If buyers remain in control, there is a chance of further gains above $380. The next target for buyers could be near $385 where sellers are likely to appear. If all goes well, there can be a test of the $390-395 zone. On the downside, the $365-360 support remains a major buy area.

Hourly MACD – The MACD is placed well in the bullish zone.

Hourly RSI – The RSI is currently well above the 50 level and moving higher.

Major Support Level – $365

Major Resistance Level – $380

Charts courtesy – SimpleFX

The post Ethereum Price Technical Analysis – ETH/USD Eyes Gains above $380 appeared first on NEWSBTC.

BNP Paribas has begun criticising Bitcoin for lacking the centralized features of a fiat currency, such as a lender of last resort.