Hardware wallets play an integral role in the world of cryptocurrencies and it seems rather unlikely that situation will change in the near future. However, these providers will undeniably need to support additional currencies over time. A new beta update of the Trezor wallet confirms Stellar support will be integrated fairly soon. A somewhat surprising, […] The post New Trezor Firmware Beta Confirms XLM Support is Being Finalized appeared first on NullTX.
Bitcoin (BTC) has bounced off the bottom of a long term ascending channel. The price is expected to resume uptrend after the EMA crossover on the 4H BTC/USD chart. The 10 EMA just broke above the 21 EMA and the price is now clear to move towards the next resistance. The price will face short term resistance around $6,500 which is a strong resistance but not as strong as the next resistance of $6,700. The price of Bitcoin (BTC) has failed to breach this level since mid October. Historically, we have seen that this level has given Bitcoin (BTC) a tough time and the price has struggled to climb above it. Since mid September, the price of Bitcoin (BTC) has failed to effectively break and close above this level. One strong wick seen on the BTC/USD chart around mid October touched the top of the ascending channel. However, it retraced soon and eventually the price fell back below the $6,700 resistance. It is pertinent to note that the price has now touched the top of the ascending channel twice and it has touched the bottom of the ascending channel at least twice. The close near mid October has not been taken into account as trading activity on weekend is usually inconsequential. The price is likely to retest the $6,500 resistance in the near future. If it breaks that level, then it will have to struggle with $6,700 for the next few days. The price has failed to break above this level since September. If it manages to break and close above this level now, it will turn market sentiment in favor of the bulls. The price of Bitcoin (BTC) was expected to break out in October as suggested by seasonality. Long term indicators at this point are already in favor of a trend reversal. The weekly chart for BTC/USD shows that the price has bottomed out and is now ready to begin a new cycle. However, that does not mean that the price will shoot straight up towards its previous all time high. There will be a gradual shift in sentiment as a new cycle begins. There will also be significant profit taking along the way as some investors sell to break even and get out of the market. The volume profile for the long term weekly chart shows that whenever the volume declines to lower levels, a trend reversal follows. The period between 2014 and 2018 shown by the weekly chart is very significant. If we analyze it closely, we will see that the price has been trading in a bowl shaped formation. In fact, this is how the price corrects and then gradually starts to climb up. If we take halvening into account, then we should see the next bowl to be completed in two years instead of four. So, the previous bowl was formed in four years between 2014 and 2018. The next bowl will therefore be formed in two years between 2018 and 2020. The post Bitcoin (BTC) Resumes Uptrend, Strong Resistance Around $6,700 appeared first on Crypto Daily™.
Taiwan’s legislature has amended existing anti-money laundering (AML) and counter terrorism financing (CFT) laws to place new requirements on crypto exchanges
On November 2, the bull blessed the fourth-largest cryptocurrency, Bitcoin Cash [BCH], causing it to see an unprecedented increase in its prices. At the time of writing, Bitcoin Cash was rising by 6.87% and was trading for $453.14. The cryptocurrency held a market cap of $7.9 billion with a 24-hour market volume of $311.605 million. […] The post Bitcoin Cash [BCH] shoots up 7% after Binance announces support for BCH hardfork appeared first on AMBCrypto.
Lite.IM, a Litecoin wallet for SMS and telegram, has now added Facebook messenger to its growing list of supported and interconnected platforms. Users with an existing account can import their existing wallet by simply logging in, while Facebook users can directly, easily and securely send, manage, and invest in Litecoin.
Dapper Labs, developer of the world’s most used blockchain app CryptoKitties, has received $15 million in another financing round to expand adoption
U.S. rapper T.I., who launched the FLiK token with his business partner in 2017, is now sued for $5 million after the coin has devalued
Reddit has been a great social network platform for crypto community to unearth some great facts about coins and tokens. It has also kept the [...] The post Another USD 60 million scams busted and this time by a Reddit user appeared first on Coingape.
EtherMium is a cutting-edge solution for pro-traders as well as newbies, the exchange performs all the upsides of both centralized and decentralized exchanges. From the time of the cryptocurrency market appearance to mankind, multiple trading solutions have been entering the market. The issue is what rides EtherMium to be over the competition? Safety first! EtherMium […] The post Quick guideline or Let us introduce EtherMium appeared first on AMBCrypto.
By Rachel McIntosh | 02 November 2018 | 07:55 EST The possibility of a Bitcoin Cash hard fork on November 15th is imminent. Will it happen? The post The Future of Bitcoin Cash Hangs in the Balance: Will the Hard Fork Happen? appeared first on We Study Billionaires.
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