Bitcoin Bitcoin (BTC/USD) edged lower early in today’s Asian session as the pair traded as low as the 10,842.01 area following steady selling pressure in yesterday’s European and North American sessions. Traders were unable to punch BTC/USD above the 11,978.03 area during yesterday’s Asian session, an important technical level that represents the 38.2% retracement of the move from 8919.72 to 13,868.44. The next upside retracement level related to this range is the 12,700.54 area and the next downside retracement level related to this range is the 11,394.08 level followed by the 10,810.13 area. Traders lifted BTC/USD before it tested the 10,810.13 area early in the Asian session, and chartists are citing the 10,646.32 area as the next downside target. The 200-bar MA (4-hourly) is creeping higher and is currently indicating at 10,500.67. During yesterday’s North American session, selling pressure emerged around the 100-bar MA (4-hourly). Given the ongoing convergence of the 100-bar MA (4-hourly) and the 200-bar MA (4-hourly), technicians are looking to see if bullish sentiment or bearish sentiment will prevail. Chartists anticipate some Bids between the 10,080 – 10,230 range. Price activity is nearest the 200-bar MA (4-hourly) at 10,580.34 and the 50-bar MA (Hourly) at 11,503.69. Technical Support is expected around 10,234.22/ 10,087.62/ 9,948.12 with Stops expected below. Technical Resistance is expected around 11,510.44/ 11,759.02/ 12,063.68 with Stops expected above. On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage. On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage. Ethereum Ethereum (ETH/USD) slumped early in today’s Asian session as the pair traded as low as the 262.61 area after selling pressure emerged during yesterday’s Asian session and consistently pressured the price lower during yesterday’s European and North American sessions. Traders were unable to push ETH/USD above the 279.25 level during the move higher one day ago, a level that represents the 61.8% retracement of the move from 144.15 to 364.49. The next downside price level related to this range is the 259.11 area. Sentiment continues to remain bearish for ETH/USD, at least in the short-term. Price activity is quickly approaching some very important levels. The 260.89 area is an important level and the 258.92 area represents the 38.2% retracement of the move from 547.40 to 80.60. ETH/USD has tested the 258.92 level multiple times over the past month, and last traded below the level around 14 June. Sizable Stops are likely in place below this area, and if they are elected it could hasten the slide to the next downside targets including the 257.22 area and the 255.25 area. Additionally, the 249.90 and 246.88 areas are important downside targets. Price activity is nearest the 200-bar MA (4-hourly) at 286.97 and the 50-bar MA (Hourly) at 271.50. Technical Support is expected around 255.25/ 249.90/ 236.43 with Stops expected below. Technical Resistance is expected around 291.51/ 298.24/ 306.99 with Stops expected above. On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage. On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
ETH price remained in a bearish zone after it settled below the $280 support against the US Dollar. The price declined heavily and recently tested the key support area near the $260 level. There is a crucial bearish trend line forming with resistance near $282 on the 4-hours chart of ETH/USD (data feed via Kraken).... The post Ethereum Price (ETH) Holding Crucial Support: Next Key Break Nearby appeared first on NewsBTC.
Bitcoin Price Outlook Hours ago, Bitcoin was trading at $10,800, down over 5% on the day as a result of overwhelming sell-side pressure. But, all of a sudden, the cryptocurrency bounced, gaining around 4% in minutes. And... The post Should Bitcoin Fall to $10,600, a Move Under $10,000 is Likely appeared first on Ethereum World News.
There was a major drop in bitcoin price after it broke the $12,000 support against the US Dollar. The price is currently holding the key $10,800 support area, but it remains at a risk of more losses. There was a break below a key bullish trend line with support at $12,100 on the 4-hours chart... The post Bitcoin (BTC) Price Weekly Forecast: Risk of Extended Drop To $8,880 appeared first on NewsBTC.
The project is based on the concept of distributed computing The post Golem (GNT): the cryptocurrency combining PCs in a single network appeared first on The Cryptonomist.
The most common mistakes made by newcomers The post Five things to avoid when trading Bitcoin and crypto appeared first on The Cryptonomist.
New Crypto Scams If you’ve pursued Crypto Twitter recently, you have probably noticed an interesting trend: bots trying to scam cryptocurrency from consumer investors are back in full force. Under almost any tweet from anyone... The post Crypto Scam Bots Back in Full Force: Signs of a Bull Run? appeared first on Ethereum World News.
Wells Fargo, while responding to a disgruntled customer, has confirmed that it no longer support cryptocurrency transactions. The post Wells Fargo Doesn’t Allow Cryptocurrency Transactions appeared first on Ethereum World News.
A lot of big companies are slowly jumping on the crypto bandwagon. One of those big companies is the mobile phone giant, Samsung who have just made a beta version of its blockchain software development kit (SDK) for the Ethereum blockchain available to partner developers. This kit will provide further tools for decentralised applications and blockchain mobile development on the latest Galaxy smartphones. The SDK The South Korean based firm announced the beta version of its blockchain SDK which is available to partners who request early-access to the tools. The kt represents the next step in Samsun’s push to allow Ethereum functionality for its products like the Galaxy S10, S10+, S10e and so on. Back in May, the multinational firm said that it would also expand crypto features to budget phones in its lineup. The SDK provides developers with several different methods for managing user accounts as well as authorise digital signatures for transactions and the manipulation of data. The kit also allows developers to link to an external cold wallet - a good example is Ledger or Trezor devices. On top of this, those that gain further with Samsung will also receive further features from the SDK. In addition, partners will be able to access “blockchain specialized browser” for web dApps, which will allegedly have features to facilitate easier crypto payments. As reported by CryptoSlate: “Additionally, partners will be able to fetch transaction history from Samsung’s “blockchain proxy node.” It’s unclear whether Samsung is running its own Ethereum node or using a service provider.” Samsung has said that the new features will help in decreasing the cost of building dApps on supported mobile devices. This new venture will follow other crypto-related developments from Samsung. Back in February, Samsung announced that it would support cryptocurrency key storage. By using a trusted execution environment, a trusted area inside the phone’s main processor, the device would be able to handle private data from the blockchain in a much more secure manner. Samsung themselves have said that the feature would provide “impenetrable security unlike ever before, protecting it from data breach, malware or other threats.”
Ethereum World News: Critics: Altcoins Like Litecoin Resorting To Marketing Than Developing Products
A critic now says a majority of altcoins especially Litecoin and Tron are marketing their products instead of building useful products around their chain. The post Critics: Altcoins Like Litecoin Resorting To Marketing Than Developing Products appeared first on Ethereum World News.