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Month: April 2019

? Daily Crypto News, April, 5th?

April 5, 2019 (updated April 5, 2019) Published by
  • Chairman J. Christopher Giancarlo – Regulating the Blockchain;
  • Bitcoin Faces Price Pullback Amid Extremely Overbought Conditions;
  • Russian Gas Giant Gazprom to Use Blockchain in Gas Supply Agreements;
  • New Bitfury Joint Project to Manage Medical Data Permissions With Blockchain Tech;
  • Coinsquare Crypto Exchange Launches Canadian Dollar-Backed Stablecoin;
  • ? Daily Crypto Calendar, April, 5th?
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

? Chairman J. Christopher Giancarlo – Regulating the Blockchain

Chairman J. Christopher Giancarlo of the U.S. Commodity Futures Trading Commission joins host Nolan Bauerle for an exit interview covering his time at the CFTC, the future of blockchain regulation, and the origins of the nickname “CryptoDad.”


? The SEC Just Released Its Long-Awaited Crypto Token Guidance

Bitcoin’s quick drop from a 4.5-month high of $5,345 to levels below $5,000 validates the extremely overbought readings on the 14-day relative strength index.


BTC could consolidate around $5,000 with a negative bias over the next day or two. A pullback back to key support levels at $4,672 and $4,565 (200-hour MA) can’t be ruled out.


The longer-term outlook will remain bullish as long as bitcoin’s price holds above the former resistance-turned-support of $4,236.

? Russian Gas Giant Gazprom to Use Blockchain in Gas Supply Agreements

The Russian prime minister has welcomed an initiative to use blockchain in agreements over gas supplies by the country’s state-owned gas giant Gazprom, local finance news outlet Vestifinance reports on April 4. The news agency operates under Russian Television and Radio Broadcasting Company (RTR), a major TV channel.


The head of Russia’s state-owned gas giant Gazprom, Alexey Miller, has met with Russian prime minister Dmitry Medvedev to report on the development of applications powered by distributed ledger technology (DLT).


According to Miller, Gazprom has carried out substantive work with Russia’s state-owned bank Gazprombank, and has developed a prototype model that will enable contracts to be made automatically using blockchain technology. The platform intends to allow data sharing between all the participants of a certain contract, as well as to improve the security of data, Miller explained.

? New Bitfury Joint Project to Manage Medical Data Permissions With Blockchain Tech

The Bitfury Group and blockchain-powered medical data marketplace Longenesis have jointly launched production of a blockchain-based consent management system for the healthcare industry. The development was announced in a press release shared with Cointelegraph on April 4.

Per the release, the new product addresses issues with the management of user consent for ongoing and upcoming research endeavors, compliance with the General Data Protection Regulation (GDPR) and Health Insurance Portability and Accountability Act (HIPAA), as well as streamlining data collection for medical research.


? Coinsquare Crypto Exchange Launches Canadian Dollar-Backed Stablecoin

Coinsquare, one of Canada’s top crypto exchanges, will  be launching a stablecoin backed by the Canadian dollar dubbed eCAD, according to a press release on April 4.


The new coin will purportedly be backed at a 1:1 ratio with Canadian dollars. Coinsquare states that the new coin will be a reliable and stable store of value that provides investors with an alternative to similar coins backed by the United States dollar. Cole Diamond, CEO of Coinsquare said:


“The launch of eCAD will create the first transparent, affordable, and secure way of transferring value in Canada and beyond, without the risk of instability in the traditional cryptocurrency market.”

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? Daily Crypto Calendar, April, 5th?

“… Our Thai partner bank chose Everex to present the remittance/payments case via innovative blockchain technology…,” between April 2-5.

Announcement

“In just a month we are launching the secret weapon to enable ppl to play Dapps without a technical barrier on #IOST.”

“Public release of all the platform designs/screens.”

“#EthereumClassic community-wide conference call surrounding the next network upgrade ECIP1054 named Atlantis.”

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

Yesterday I was happy to see the resistance line at 0.49 finally broken but it has been very short before we broke down again. This correction is due to the BTC correction so no drama neither except that the correction is more powerfull on the STEEM than on the BTC while the UP are also less powerfull on the STEEM also. It is not a so good period for the STEEM currently, let’s hope we will some improvements soon.

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Last Updates

Join this new Free To Play on the STEEM Platform !

How The US Non-Farm Payroll Report Might Affect The GBP/USD

April 5, 2019 Published by

The infamous US March jobs report is scheduled for Friday at 8:30 am eastern time.   According to a MarketWatch article, they are expecting the GBPUSD and AUDSUD to react the most based on an unexpected numbers.“In the event the jobs and crucially wages data beat expectations, then we would favor looking for short-term bullish setups on the dollar against the likes of the British pound given the ongoing Brexit uncertainty in the U.K.,” wrote Matt Weller, currency analyst at Forex.com.Any upside in the greenback could be a double-whammy for sterling bears. Despite putting together three winning sessions to begin the

Ethereum Price: Predictable and Under Performing

April 5, 2019 Published by

Did everyone have some fun the past 48 hours with the crypto move?  If ETH is your favorite coin then maybe it wasn’t all that fun.
Failed Breakout
Ethereum did make a push and even pressed through it’s big resistance level.  However, unlike BTC and LTC it did not maintain and level up.
Looking at the chart in this post you can see ETH blasted through, well maybe blasted isn’t the right word, it pushed through the 168 area resistance, but unfortunately could not close above it and came tumbling back down with the rest of the market in last night’s profit taking

EOS – The One – For now

April 5, 2019 Published by

I’m in an unusual place with EOS. I’ve already accumulated my preferred position. In addition, I have a sizeable EOS day trading position to work with. Ordinarily, I’d move on. However, the set-up with EOS is, in fact, out of the ordinary. The twin drivers of day trading profitability – volume and volatility have made a return. Married to the liquidity of EOS – ideal trading conditions. You can find my recent post on market volume and volatility here.

Over and above these daily opportunities there’s a clear trend in EOS-BTC valuations – it’s onwards and upwards.

https://coinmarketcap.com/currencies/eos/

There are many

Cannabis…A Drug Store Near You

April 4, 2019 Published by

When President Donald Trump signed the 2018 farm bill with that came the legalization of hemp (which is defined as a cannabis plant with under 0.3% of tetrahydrocannabinol, or THC) and the opportunity to flood the market with cannabidiol, or CBD in drinks, snacks topical applications, etc.

NOTE: CBD is a non-psychoactive cannabis compound which promises to help everything from anxiety to pain.

This last week, Walgreens announced that they will sell CBD creams, patches and sprays in nearly 1,500 stores in select states.  This comes on the heels of CVS announcing two weeks ago, that it will sell CBD-containing topicals, including

BITCOIN: Next steps…

April 4, 2019 Published by

Excellent decision the one I took yesterday placing my STOP LOSS at 5100 USD.

I thought that due to the consistent increase on volume, BITCOIN may go higher and eventually rise till the 2.618 FIBO level which is very common in Crypto as  a form of extended third wave but whales got satisfied just by reaching a little bit higher than the 1.618 FIBO which I placed around 5180 USD.

So, I managed to get a good bunch of dollars with this strategy so I am satisfied for the moment.

Now, that top has become our new resistance level but still our Elliot

Crypto Contest April 4: ExclusiveCoin

April 4, 2019 Published by

ExclusiveCoin (Bittrex: EXCLUSD) has broken out of the triangle pattern in the weekly chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, ExclusiveCoin began a wave one advance in June 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in December 2017, and the red wave two (blue sub-waves a-b-c) correction ended in February this year. If this wave count is correct, ExclusiveCoin should be heading next towards the December 2017 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

ExclusiveCoin is a Proof-of-Stake coin with masternodes. You can view the masternode stats here.

(Sources: ExclusiveCoin and Masternode)

If you think this

Bitcoin Technical Analysis: QUICK UPDATE

April 4, 2019 Published by

Bitcoin surged up to $5,345 (Coinbase) before dropping back below $5,000. It’s currently trading around $4,945. Volume remains very impressive at $20.8 Billion for the day.

Price has decisively broken above the 200 Day MA, an excellent sign for bulls. Keep in mind that does NOT mean we won’t see a drop in the short term.

In today’s analysis I discuss where price may go from here, key areas to watch and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to watch.

I hope this has been

AMD Just Got Upgraded

April 4, 2019 Published by

The semiconductor stocks when from being dogs when in late 2018 by shrinking demand by the smartphone makers to data center owners and the U.S.-China trade war to being darlings of 2019 so far.  And the sector could just be getting started. 

The Digitimes website said Taiwan Semiconductor Manufacturing Company, one of the world’s biggest chipmakers, will ramp up its 7 nanometer production rates thanks to renewed strength in orders for Android devices. The accelerated pace could see TSMC running at full capacity by the third quarter, the Digitimes reported, suggesting industry forecasts of a second half turnaround in global chip

BITCOIN – 4 Apr

April 4, 2019 Published by

On 4hr chart, it spike out of the triangle almost testing the previous possible ascending triangle breakout tgt of 5520. Quickly to press down by the bears into the big symmetrical triangle top. On daily 2 more candles for possible TD9 reversal.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :115
Total marketcap :173
Dominance :50.9
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

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