Archive | trading

How Will Blockchain Change the Way We Trade Online?

When people ask whether or not the Blockchain will change the ways in which we trade online, they’re grossly underestimating the influence of this revolutionary new technology. There’s no doubt that Blockchain will change the way in which we trade on the financial market, however, with the only question remaining is how this evolution will […]

Ethereum Classic Price Technical Analysis – ETC/USD Steadies Above $30

Key Highlights Ethereum classic price is in a decent uptrend and is placed nicely above the $30.00 level against the US Dollar. There is a major ascending channel forming with support at $30.00 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair might continue to rise in the near term […]

Ripple Price Technical Analysis – XRP/USD Upside Surge above $0.60

Key Highlights Ripple price is climbing higher and is currently placed well above the $0.5500 level against the US Dollar. There is a monster bullish trend line forming with support at $0.5200 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair will most likely accelerate higher above the $0.6000 and […]

Ethereum Price Technical Analysis – ETH/USD To Rise Further

Key Highlights ETH price made a nice upside move and traded above the $720 resistance against the US Dollar. There are two important bullish trend lines forming with support at $685 on the hourly chart of ETH/USD (data feed via SimpleFX). On the upside, a break above the $735 level would open the doors for […]

Bitcoin Cash Price Technical Analysis – BCH/USD is In Uptrend

Key Points Bitcoin cash price is slowly moving in an uptrend above the $1550 level against the US Dollar. This is a crucial ascending channel forming with support at $1550 on the hourly chart of BCH/USD (data feed from Kraken). The pair might continue to move higher and it could even break the $1680 resistance […]

South Korea is Going Crazy Over Bitcoin: Real Mainstream Obsession

Teenagers to middle-aged investors in South Korea are engaging in cryptocurrency trading, investing in bitcoin, Ethereum, Bitcoin Cash, and a wide array of cryptocurrencies and assets. Government Steps In To Regulate Bitcoin In the beginning of 2017, the South Korean government, local financial authorities, and the ministry of strategy and finance remained neutral to bitcoin […]

The Cryptocurrency Market Cap Surpasses Half a Trillion Dollars

The combined market valuation of every cryptocurrency in the market has recently surpassed $500 billion or half a trillion dollars, because of the strong performance of bitcoin, Ethereum, and Litecoin. The combined crypto asset market cap has breached $500 Billion pic.twitter.com/v23p2uF86S — Jameson Lopp (@lopp) December 12, 2017 Since earlier this week, the price of […]

Bitcoin Gold Price Technical Analysis – BTG/USD Holding 100 SMA

Key Points Bitcoin gold price is trading with a nice bullish tone above the $240 support against the US Dollar. There is a crucial ascending channel forming with support at $230 on the hourly chart of BTG/USD (data feed from Bitfinex). The price is currently holding the $240 support and placed nicely above the 100 […]

Ripple Price Technical Analysis – XRP/USD Rockets Above $0.40

Key Highlights Ripple price rocketed higher and traded above the $0.40 level against the US Dollar. There is a new connecting bullish trend line forming with support at $0.3200 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is now placed nicely above the $0.3000 handle and eyes more upsides […]

Ethereum Price Technical Analysis – ETH/USD Upside Drift

Key Highlights ETH price surged above the $640 level recently and traded to a new all-time high at $653 against the US Dollar. A monster connecting trend line with resistance near $650-660 is preventing gains on the hourly chart of ETH/USD (data feed via SimpleFX). On the downside, there is a bullish trend line with […]

Ethereum Classic Price Technical Analysis – ETC/USD Remains Buy

Key Highlights Ethereum classic price is moving nicely above the $26.00 support level against the US Dollar. There is a crucial contracting triangle forming with support at $26.50 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair might soon make the next move and will most likely break the $28.00 […]

Japanese Internet Giant GMO Offers to Pay 4700+ Employees in Bitcoin

Japanese conglomerate GMO Internet Group has introduced a payroll system to allow its 4,700+ employees to receive part of their salaries in bitcoin. Also read: South Korea Clarifies Position After Reports of Possible Ban on All Crypto Transactions GMO Introduces Bitcoin Salary Payment System Japanese Internet leader GMO Group has announced that its employees can start […]

Ethereum Price Technical Analysis – ETH/USD Surges to New All-time High

Key Highlights ETH price spikes higher and breaks the $500 and $515 resistance levels against the US Dollar. There was a break above a major contracting triangle with resistance at $470 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is currently unstoppable and it might soon blast towards the $550 level. […]

Investors are Selling Gold to Invest in Bitcoin, Key to Multi Trillion Dollar Market Cap

According to ACG Analytics US macro strategy head Larry McDonald, investors have begun to sell gold to invest in bitcoin through the newly launched bitcoin futures exchange of the Chicago Board Options Exchange (CBOE). Bitcoin is Penetrating into the Gold Market Since September, the value of gold miners ETF (GDX), the largest gold exchange-traded fund […]