Day: December 23, 2017

Las Vegas–The Legends Room, the world’s only blockchain-based nightclub, rings in 2018 with two of the hottest names in music -Post Malone and 21 Savage on New Year’s Eve.

The Legends Room is the only nightlife venue anywhere in the world that accepts bitcoin, ethereum and other digital currencies for services including New Year’s Eve tickets and tables. The club even has its own digital token that trades under the symbol LGD on the Bittrex exchange. Users of the club’s token receive special benefits such as preferred seating and pricing.

“Bitcoin is one of the biggest stories of 2017 and Post Malone and 21 Savage are two of biggest artists of the year. This combination is a perfect only in Las Vegas moment,” added Nick Blomgren founder of the Legends Room.

Ticket prices start at $50.00 for one (1) female general admission ticket with private spaces and tables ranging from $500 to $20,000 for a stage-side VIP space for up to 20 guests. Tickets include an open bar, complimentary bottles and heavily passed appetizers until 12 a.m based on various tiers.

In addition to digital currency, the Legends Rooms accepts all forms of traditional payments such as cash and credit cards.

Tickets are on sale at www.legendsroomlv.com.

The post Post Malone and 21 Savage Host Crypto New Year’s Eve at the Legends Room appeared first on NEWSBTC.

Most alt coins including LTC prices crashed momentarily on December 22. It was even clearer in DASH and IOTA while NEM seem to have handled it.

Contrary to what we expected, this was happening within a steep buy trend but with IOTA, we need a strong confirmation of bull pressure to be confirmed. It is over-extended to the upside as the weekly chart shows.

NEM PRICES DIP TO $0.51 BEFORE BOUNCING BACK

We now have a perfect buy opportunity folks. Our buy triggers following that close below the middle BB were all triggered after that long lower wick tested lows of $0.51.

Those levels as we had explained yesterday were our Fibonacci retracement levels between 38.2% and 61.8% with lows of $0.51. Do you notice that long lower wick? If you do then note that is also closed below the lower BB before it was confirmed earlier today.

NEM prices are trending along last week’s highs and if there is a close above the 20 period MA then guys, we buy this! Remember, the weekly chart is our trend setter and it is still bullish despite the recent sell pressure.

Let’s follow the chart and not the crowd, shall we?

TIME TO RAMP UP DASH BUYS?

So we were partly right and somehow wrong after yesterday. The depreciation thing happened yes, fact is more than $300 worth of DASH was wiped out on Thursday and Friday with prices reversing below $1000 level.

What we were wrong-a non issue though-is the level was that retracement took place. Ideally, they should be below 23.6% but as it is, ignoring the crowd, the momentum is strong.

Reversals are from the 23.6% level with a stochastic buy signal turning from the oversold stochastics. You know what guys? Let’s buy!!!

IOTA MINI FLASH TESTS MIDDLE BB

IOTA bears have been on a rampage of late. Notice that close below the middle BB and the consequent price erosion.

Luckily for buyers, $3.3 is a turning out to be a significant support line. Because we have stochastic buy signal at or around the support, IOTA buyers should be pouncing on this long opportunity even after IOTA flash crash.

After all, yesterday the middle BB was tested and price rejected equilibrium.

MONERO PRICES REACTS AT $300

Going though this chart and it is clear that the BTC drop is dragging prices lower.

Fact is, the middle BB couldn’t hold bear pressure.

As we can see, Monero prices are actually bouncing back from that level and as higher highs relative to the lower BB begins developing, buy pressure should be force behind it.

We need to see confirmation of that through diverging %k and %d.

Otherwise, if prices collapse and close below $290, then there is no need of trading this pair until a clear trend forms.

LTC PRICES DROP AS LOW AS $144

Yesterday, LTC prices lows of $144. Yes, that is a whole $100 below what we had anticipated as buy zones.

Now, check out those consequent higher highs relative to the lower BB and those long lower wicks meaning buy forces.

LTC buyers who bought in at around $150 are some lucky chaps. Not only were they trading with the weekly trend which is bullish but those prices are just awesome.

I would recommend trading after buyers close above the 23.6% Fibonacci retracement and the middle BB. There after, I will trade according to the general trend in the weekly chart.

All charts courtesy of Trading View

The post ALT COINS MINI FLASH CRASH AS LTC PRICES TEST $144 appeared first on NEWSBTC.

The past two days have been pretty rough for most cryptocurrencies. When the Bitcoin price takes a big tumble, all alternative currencies will automatically follow suit. Thankfully, things are improving again, as can be seen by looking at the Bitcoin Cash price. More specifically, the Bitcoin Cash price is slowly approaching the $3,000 mark again. Christmas may turn out pretty decent for most cryptocurrency users after all.

Bitcoin Cash Price is Recovering Nicely

It is evident all cryptocurrencies took a major nosedive around 48 hours ago. This is mainly due to the Bitcoin price tanking, although it is evident this was only a much-needed correction which wouldn’t necessarily result in long-term bearish momentum whatsoever. Although we are not out of the woods just yet, it is safe to assume things have begun improving again over the past 24 hours. The Bitcoin Cash price is a good example of how quickly a frown can be turned upside down in the cryptocurrency world.

With a solid 18.59% gain overnight, the Bitcoin Cash price is slowly approaching the $3,000 mark again. Although this is still far away from the recent all-time high, it is only normal it will take a lot of time to fully recover. If the prices can rebound by around 10-15% per day, the correction will be brought up before the year is over. It seems there’s still plenty of bullish momentum in all of cryptocurrency to make good things happen before New Year’s Eve.

It is also worth mentioning the Bitcoin Cash price is thriving thanks to solid gains over Bitcoin. More specifically, the BCH/BTC ratio improved by 13% in favor of the hard fork. A pretty interesting development, as altcoins recover a lot faster from the Bitcoin onslaught compared to a year or so ago. This is good news for the Bitcoin Cash price as well as prices for all other major altcoins. Rest assured there will be some shake-ups yet to come before 2017 is fully over.

Thanks to nearly $3.1bn in 24-hour trading volume, no one can deny the demand for Bitcoin cash is in a very good place. Although the opinions on this particular altcoin may still be somewhat divided right now, there’s no reason to think Bitcoin Cash will go away anytime soon either. Especially with the lingering network issues, there’s a growing need for an alternative version of the world’s leading cryptocurrency which doesn’t make people pay an arm and a leg just to move money on the network.

With Bithumb firmly leading the charge in terms of trading volume, things are looking pretty good for the Bitcoin Cash price. Bitfinex is in second place, although they value BCH at its lowest of all Western fiat currency-related exchanges. It is evident something still isn’t adding up for this exchange right now, but we will have to wait and see how things evolve. GDAX is the surprising third exchange ranked by volume, although they only have a small lead over HitBTC right now.

For now, it is still unclear what the future holds for the Bitcoin Cash price. The markets look healthy again, yet momentum can easily swing in either direction pretty quickly. There are no guarantees of success and everything is permitted. Take profits wisely for all cryptocurrency markets and don’t panic if another small dip occurs. Cryptocurrency is one of the most resilient markets in all of finance, and so far, it has been impossible to keep it down for an extended period of time.