Day: December 4, 2017

In a patent application released by the USPTO, money manager UBS indicated it was considering using smart contracts to validate transactions.

Key Highlights

• Ripple price is trading in a contracting range with support near $0.2440 against the US Dollar.
• Yesterday’s highlighted short-term contracting triangle with current support near $0.2440 is intact on the hourly chart of the XRP/USD pair (data source from Kraken).
• The pair might soon break the triangle for the next wave either above $0.2550 or below 0.2450.

Ripple price is moving in a range against the US Dollar and Bitcoin. XRP/USD is approaching a major break with support near $0.2450.

Ripple Price Support

There were mostly ranging moves in Ripple price below the $0.2600 and $0.2550 resistance levels against the US Dollar. The price remained well supported above the $0.2450 level and the 100 hourly simple moving average. More importantly, yesterday’s highlighted short-term contracting triangle with current support near $0.2440 is intact on the hourly chart of the XRP/USD pair.

The pair is preparing for the next move with support at $0.2440 and $0.2450. The stated supports are near the triangle lower trend line and the 50% Fib retracement level of the last leg up from the $0.2201 swing low to $0.2672 high. The $0.2440 level is also near the 100 hourly SMA to provide support. On the upside, the triangle resistance is now around the $0.2550 level. A break above the $0.2550 resistance would open the doors for a push above the $0.2600 level.

Above $0.2600, the next major target for buyers could be the last swing high at $0.2720. On the downside, a break below $0.2440 won’t be easy. Should sellers succeed in clearing $0.2440, the price might dip back towards the last swing low of $0.2200 in the near term.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is almost flat with no major sign of a short-term break.

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

Major Support Level – $0.2440

Major Resistance Level – $0.2550

Charts courtesy – Trading View, Kraken

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

On November 25th, LALA World launched their pre-ICO LALA Token sale for 20 days. LALA World also smashed all records with 4500+ participants registering in the first 12 hours of LALA AIRDROP.

Singapore – LALA World, a unique and reliable digital identity verification platform that serves migrants and their families, launched their pre-ICO token sale Saturday, November 25th, 2017 until December 15th, 2017.

“LALA World is built on a platform called LALA Wallet with services like LALA ID/ LALA Score, LALA Transfer, and LALA Lends as the focus,” said Sankalp Shangari, CEO & founder of LALA World. “We have tied up with governments, communitie, and NGOs all over Asia, CIS, Middle East and want to improve lives of at least 100 million migrants and their families by 2020. Combining peer to peer ledgers on blockchain to a noble cause, we truly want to help the unbanked out of poverty.”

Investors can buy LALA Tokens here: https://tokensale.lalaworld.io/

You can find more details at https://lalaworld.io/whitepaper.pdf.

About LALA World:

A member of the UN Global Compact, LALA World is a Singapore-based blockchain financial product ecosystem, with notable blockchain experts on their advisory board, such as Ari Paul, Co-Founder of BlockTower Capital, and Dato Sri Amin, Founder and Chairman of Bestinet Sdn Bhd, and Thomas McAlister founder of Digital Mining Corporation Australia, among others. LALA World services are centered around its Lala Wallet, an Ethereum and Hyperledger based platform that enables peer-to-peer transfers, global remittances, local and international bill payment, and peer-to-peer lending. LALA World is also expanding into the new frontier of exchanges with their newest collaboration with COSS.io – a Singapore based Exchange and a Fintech Innovator.

Follow LALA World pre-ICO launch here: https://lalaworld.io/

Follow LALA World on Twitter: @MyLaLaWorld

Join LALA World on Telegram: https://t.me/LaLaWorld

The post LALA World Pre-ICO Token Sale Open Until December 15th appeared first on NEWSBTC.

Bitcoin has taught its early adopters the value of delayed gratification, giving the lie to the old saw that cryptocurrency serves no social purpose.

Although Pan Gongsheng, a deputy governor of the People’s Bank of China, believes Bitcoin will decline in the long-term, Chinese Bitcoin investors think differently.

Reprieve for NEO bulls as price action are now strongly above the $34 level mark after series of higher highs.

Just like NEO, NEM proponents and smart economists are helping pump this token above $0.26 as required.

The focus of the day got to be IOTA where as it is trending at all time highs of $2.68 and is couple of cents away from the second take profit level of $0.32.

Let’s look at the charts:

NEM MOVING WITHIN A TIGHT $0.04 RANGE

24HRs later, NEM bulls are still oscillating within the minor support and resistance lines defined on December 3 at $0.28 and $0.24 respectively.

Momentum is unchanged and as long as the stochastics are positive sloping them we remain bullish. The 20 period MA remains our minor support line in the 4HR chart while any breach above $0.28 will signal continuation of NEM bull pressure.

NEO traders should be loading up their long positions.

DASH BEARS STEERING PRICES LOWER

Even though the weekly and daily charts are bullish, DASH bears are already trending below the 20 period MA which is the main support line in the 4HR chart.

There is also a series of lower lows relative to the upper BB after that bearish divergence which in turn is slowing down bull momentum as stochastic shows.

There is also a clear sell signal. If DASH prices manage to band along the lower BB, $670 support is the next bear target. For now, until a stochastic buy signal shows, USD bulls are in charge.

$3.2 IS THE NEXT FEASIBLE TARGET FOR IOTA BULLS

IOTA bulls are definitely heading to the moon with this rally. At current prices, IOTA is worth more than $2.5. This is what happens when there is a mark of corporate approval.

Technical indicators especially in short time frame don’t apply. Unless there is something negative about IOTA, bulls should be loading their longs at every dip.

In the weekly chart, pasting Fibonacci extension tools projects a second take profit level at $3.2. This level is at the 2.618 level.

So, with bulls waiting for a dip before pouncing, it is likely that $3.2 will be hit.

MONERO BULLS OUNCE OFF SUPPORT AND TRENDS HIGHER

As mentioned before, any price drop towards the middle BB is a buying opportunity. Well, after yesterday’s bear pressure, Monero tested the 20 period MA. However, it is now reversing thanks to the daily and weekly chart momentum which is pushing prices higher.

The thing is, as long as there is no strong bearish candlestick closing below our minor support trend line and the 20 period MA, we remain bullish.

Bulls are officially in charge if they break and close above $215 November 29 highs.

NEO BULLS BREAK AND CLOSE ABOVE $40, NOW AIMS AT $50

As long as NEO bulls are above $34 and the minor resistance trend line-now support, bulls are in charge.

Currently we have a spark to the upside with a stochastics buy signal in place.

If today’s NEO bulls close is above $40-which is highly likely-then our short term take profit remains at $50.

All charts courtesy of Trading View

The post IOTA, MONERO AND NEO BULLS ON AN UPWARD TRAJECTORY TECHNICAL ANALYSIS 12/5/2017 appeared first on NEWSBTC.

Key Points

• Bitcoin cash price stayed above the $1440-20 support area against the US Dollar and is showing positive signs.
• There are two bullish trend lines forming with support near $1460 on the hourly chart of BCH/USD (data feed from Kraken).
• The price might not decline much from the current levels and remain supported above $1450.

Bitcoin cash price is trading in a range above $1460 against the US Dollar. BCH/USD has to move above the $1600 level to gain upside traction.

Bitcoin Cash Price Trend

There was a minor dip in bitcoin cash price yesterday towards $1400 against the US Dollar. However, the downside move was limited as the price found support around $1400 and recovered. It moved back above the $1450 support and is currently placed well above the 100 hourly simple moving average. It has also recovered above the 50% Fib retracement level of the last decline from the $1618 high to $1403 low.

The current price action is positive for BCH above the $1450 level. On the downside, there are two bullish trend lines forming with support near $1460 on the hourly chart of BCH/USD. These trend lines are near $1450 and the 100 hourly simple moving average. Therefore, the $1450-1460 support area is very important for buyers in the near term. On the upside, the 61.8% Fib retracement level of the last decline from the $1618 high to $1403 low at $1540 is currently acting as a resistance.

The price has to break the $1540 level to retest the last swing high near $1600-1620. On the downside, the trend lines, $1460 and the $1450 support area are important can be seen as a buy zone.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is currently flat with no major bearish sign.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is currently around the 50 level and moving lower.

Major Support Level – $1460

Major Resistance Level – $1540

Charts courtesy – Trading View, Kraken

The post Bitcoin Cash Price Technical Analysis – BCH/USD Dips Remain Limited appeared first on NEWSBTC.

The world’s largest options exchange, CBOE, will list Bitcoin futures on December 10, increasing the liquidity of Bitcoin.

Bitcoin Price Key Highlights

• Bitcoin price is in consolidation mode, trading inside a rising wedge pattern on its 1-hour time frame.
• The wedge spans $9000 to $11750, which means that the resulting breakout could be of the same size.
• Technical indicators are giving mixed signals at the moment so the breakout could go in either direction.

Bitcoin price has formed higher lows and higher highs in a rising wedge pattern, still deciding which way to break out.

Technical Indicators Signals

The 100 SMA is above the longer-term 200 SMA so the path of least resistance is to the upside. The 100 SMA is also close to the bottom of the rising wedge at the $11000 psychological level, providing an extra layer of support in case it breaks down.

Stochastic is turning lower from the overbought level to indicate a return in bearish pressure. This suggests that a downside break is possible, probably taking bitcoin price down for a test of the nearby support areas at the 100 SMA and 200 SMA next.

RSI, on the other hand, is on middle ground and suggesting further consolidation. Price could keep bouncing up and down inside the wedge until a catalyst triggers a breakout.

Market Factors

Bitcoin price remains supported by anticipation for the launch of financial derivatives that could give investors more access to the cryptocurrency as this could bring higher volumes and increased activity. However, the dollar is also putting up a good fight as tax reform has cleared one hurdle after another.

The House and Senate are set to start discussions on merging their versions of the tax bill this week, so further progress could mean more gains for the dollar. However, the investigation into Trump’s ties with Russia is also keeping a lid on dollar gains.

As for bitcoin itself, the CBOE announced that it would begin trading bitcoin futures on Sunday evening at the start of global trading hours next week. This means it would be ahead of the CME which would begin on December 18 and Nasdaq which has plans to launch bitcoin futures in 2018.

The post Bitcoin Price Technical Analysis for 12/05/2017 – Wait for a Breakout appeared first on NEWSBTC.

Winklevoss twins show there is more than one way to become a billionaire. They invested part of proceeds against Zuckerberg in Bitcoin, reaped a fortune.