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Month: July 2019

? Daily Crypto News, July, 9th?

July 9, 2019 (updated July 9, 2019) Published by
  • Bitcoin Price Hits $12.8K as Major Investor Says $100K Quite Easy by 2021 ;
  • Safety Without Silos: Why Businesses Will Learn to Love Public Ethereum ;
  • NYAG: Bitfinex, Tether Served New York Residents Longer Than They Claim ;
  • US SEC and FINRA Issue Statement on Crypto Custody Issues ;
  • Lawmakers Push for New Bitcoin Rules ;
  • ? Daily Crypto Calendar, July, 9th?
  • STEEM Trading Update

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

? Bitcoin Price Hits $12.8K as Major Investor Says $100K Quite Easy by 2021

Bitcoin price (BTC) felt more bullish than ever June 9 after another 24 hours of upside propelled markets close to $13,000.

Market visualization courtesy of Coin360

Data from Coin360 painted a rosy picture for cryptocurrency traders, with bitcoin still leading the way in terms of daily gains. 

At press time, BTC/USD was up 11% versus Monday on $12,666. The pair had reached as high as $12,707 before a slight pullback below the $12,700 barrier. 

Bitcoin 7-day price chart

? Safety Without Silos: Why Businesses Will Learn to Love Public Ethereum

In 2015, the Ethereum public mainnet launched, followed by a raft of private blockchain offerings targeting the enterprise. This opened the floodgates on companies prioritizing collaboration, funding long-overdue digitization efforts, and extending business processes across corporate borders.


Today, a new epoch of system integration is underway. However, efforts to make blockchain technology enterprise-friendly split the community into two camps: public networks versus private networks. The dichotomy was wrong-headed from the start, making it easy to believe that public blockchain networks shouldn’t be used in confidential business operations and that private networks were safe and secure.


The first belief is wrong, and the second is dangerous.

? NYAG: Bitfinex, Tether Served New York Residents Longer Than They Claim

The New York Attorney General’s Office (NYAG) has submitted new evidence in its aim to prove that crypto exchange Bitfinex and Tether had served New York customers longer than they claimed.


As part of the NYAG’s ongoing investigation into Bitfinex and Tether, the NYAG filed a Memorandum of Law in Opposition, an affirmation, as well as a total of 28 pieces of exhibits on July 8, with the New York Supreme Court.


The NYAG said in the new documents:
“Even a cursory examination of the facts gathered to date in the OAG’ s investigation shows that Respondents have extensive and consistent contacts to New York concerning the matters under investigation.”

? US SEC and FINRA Issue Statement on Crypto Custody Issues

SThe United States Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) outlined regulatory compliance issues for cryptocurrency custodians in an announcement on July 8.


According to the joint statement, the organizations have yet to discover a set of circumstances in which a crypto custodian could comply with the SEC’s Customer Protection Rule, which is described as follows:


“Put simply, the Customer Protection Rule requires broker-dealers to safeguard customer assets and to keep customer assets separate from the firm’s assets, thus increasing the likelihood that customers’ securities and cash can be returned to them in the event of the broker-dealer’s failure.”

? Lawmakers Push for New Bitcoin Rules

The Internal Revenue Service is expected to update its 2014 guidance on cryptocurrencies in coming weeks, following an April request from a bipartisan group of 20 lawmakers. It is part of a broader push to boost the nascent cryptocurrency industry. Congress is considering at least three bills that would resolve some of the murky legal issues surrounding digital money.

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? Daily Crypto Calendar, July, 9th?

“Stay tuned because we have a great announcement for you on July 9th!”

“#BountyProgram starting on 9th July”

Voyager and Ethos YouTube livestream community Q&A at 3 PM (EST).

Dapp competition submit your ideas by 9th of July.

“Chainlink Integration Engineer Thomas Hodges is leading a meetup in Plano, TX next Tue July 9th.”

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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

The market is currently trying to break the support line at 0.34$… It is quiet sad because when BTC is doing nice UP, STEEM is dropping and when BTC is doing a correction, STEEM is droping also… To resume it, we are not able anymore to add value to our blockchain….


I start to be really worry for our little coin because if all of that continue, yeah we will finish to be outside of the Top100, we will have less volume, less investors and all that, whatever the improvements that we will have…

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Last Updates

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Play on a fair STEEM CryptoGaming website !

Join this new Free To Play on the STEEM Platform !

Crypto Contest July 9: ZB

July 9, 2019 Published by

ZB (Bitfinex: ZBTUSD) has broken out of the triangle pattern in the four-hour chart.

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

Elliott Wave Analysis

In Elliott Wave terms, ZB began a wave one advance on June 4. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 30, and the red wave two (blue sub-waves a-b-c) correction ended on July 2. If this wave count is correct, ZB should be heading next towards the June 30 peak in the red wave three.

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

Funnymentals

ZB.com provides trading service for blockchain asset such as Bitcoin, Ethereum and Litecoin to the customers around the world. FX Empire reviewed the platform last year.

(Sources: ZB and YouTube)

How can I vote? Where is the contest?

You can vote by following this link.

Tron in trouble. // Call the liquidators!

July 9, 2019 (updated July 9, 2019) Published by
Image result for tron scam

Ill be honest, when i see TRX suffer, that puts a smile on my face. Im not one of those guys that loves all crypto or thinks that every project can succeed and that we should all hold hands.
I think thats a foolish thought thats shown to be wrong many times. Even now youre seeing it with Steem slipping towards no.100 in MC.

Why should i hold this token instead of that other one?

Its a simple question that clearly shows that holding hands aint possible. You can collab between chains, but those alliances are short lived and on wobbly legs.
Its a doggy dog world and when i see and overvalued, overhyped token suffer, im happy, what can i say.

Anyways….

So what happened the other day is that some disgruntled protesters showed up at the offices of a partner of the Tron Foundation mad, yelling that Tron is a scam.
Apparently some group defrauded some folks using Tron name and the video of the protest went online where it appears the offices were raided by police.

Now, that probably isnt true, it just seems that they have been watching the protest. Take a look for yourself.

It seems that this wasnt really anything of note that will bring the behemoth built on cheap hype down. I wanted to share this because its just fun for me seeing Tron in trouble. When Steemit inc layed off folks, that was probably the trigger for Steem to drop out of the top100 tokens.
Dan Larimer gloated, EOS cockroaches crawled out to gloat, crypto influencers that tried and failed on Steemit hit Steem when it was down….

So what do i say when Justin has to do damage control and his shitty antics arent fooling anyone??

Image result for can i have some more

The Time to Buy Bitcoin?

July 9, 2019 Published by

First, let’s start with a question – Do you hold any Bitcoin?

If the answers is no – then the road ahead is simple:

Only buy crypto once you’ve researched it and have some basic understanding of the tech.

After that if still interested – buy some Bitcoin.

Do not pass go and buy XYZ crypto.

Don’t run off to the charts (you likely only vaguely understand) and try to read the technical tea-leaves – buy a small BTC position when you feel comfortable doing so and hold it for the long-term.

This is the calculated risk you would be taking:

a) BTC succeeds in becoming an at scale player on the world financial scene.
If a) then value of BTC = unknown but orders of magnitude higher than its current valuation (12k approx.).

Review the Bitcoin Historical Chart (2015-2019) -What pattern do you see?

To date, BTC has rewarded buyers and holders.

The Downside

b) BTC fails to gain traction or is superseded (much further into the future) -value falls to negligible level (sub $1000).

Effectively a binary outcome.

BTC will either become a recognized store of value and attract a piece of the global financial pie, its scarcity guaranteeing exponential return on investment or it won’t and will wither to naught.

All your capital is at risk.

The whole lot.

So, don’t bet the farm but do invest a small amount of disposable income in an asset that holds the promise of substantial returns (once you feel you understand it at some level).

All Cryptos are not Created Equal

Image by WorldSpectrum from Pixabay

Critically – XYZ cryptos are not in the same position. Without exception, they are still in the proof of concept phase. It’s all promise…Even Ethereum and EOS have yet to attract substantial numbers of active users to their deployed applications.

In addition, many crypto projects will succeed and yet accrue little value to the token.

Many, many more will fail. A select few will forge ahead and also accrue substantial value but picking these winners as a new investor is largely unnecessary – the champ is right here – right now – Bitcoin.

And…..should BTC itself fail – the door slams shut on a great number of these endeavours -their very existence hinges on Bitcoin.

The relationship is not reciprocal – each and every Alt can fail without affecting the store of value proposition of BTC.

So, if you have still to take that first step – do yourself a favour and ignore the punters bleating of the great riches to be found with XYZ and invest in the crypto most likely to deliver – Bitcoin.

Lastly -invest -means a multi-year horizon – even better a multi-cycle horizon 10 years or more. Sure, with time and experience you may finesse your interaction with the crypto market but start simple and go from there.

Read This

It’s your money – you worked for it – it was hard to acquire – don’t let the greedy monkey inside your head convince you to ‘over-invest’ in BTC or any crypto. Take your time and research Bitcoin and the market in general before you deploy any capital Only after a period of learning, and reflection should you purchase crypto. Always remember – risk high is not a concept – there is a high percentage chance of you losing everything you invest.

Onsite Resources

Two Minute Crypto – Wild Thoughts 5 – Bitcoin as Time

BTC Prints Green 4 Months in a Row

Two Minute Crypto – Riding the Bull (Part 1 of 5)

Constructing a Sound Crypto Portfolio

Offsite Resources

Understanding the Bitcoin Price Chart

https://trybe.one/understanding-the-bitcoin-price-chart

Getting Started with Cryptocurrency

https://trybe.one/getting-started-in-cryptocurrency

What is the Next Big Cryptocurrency?

https://trybe.one/what-is-the-next-big-cryptocurrency

Crypto Coins to Watch and How to Go About Finding Them

https://trybe.one/crypto-coins-to-watch-and-how-to-go-about-finding-them

Unusual Options Activity In Apple

July 9, 2019 Published by

Shares of Apple (AAPL – Get Report) started off lower on Monday on the back of a negative analyst report. In midday trading, shares are still down more than 2%, just under $200 per share.

Analyst Jun Zhang of Rosenblatt Securities cut his rating on Apple to sell from hold, while maintaining his $150 price target. Based on Friday’s close, that would imply about 26% downside for the iPhone maker.

Zhang contends that Apple will undergo a “fundamental deterioration over the next 6 to 12 months.” He further adds that iPhone and iPad growth will be disappointing in the second half of 2019, while Apple’s other products won’t be meaningful enough to make up the shortfall.

Source

We have been hearing this rhetoric for many months, ever since Apple said Apple announced on November 1st that it would no longer be reporting iPhone sales numbers…meaning iPhone units are no longer growing and will start to decline.

Nevertheless, this regurgitated newsflash was enough to send Apple stock down 2% for the day and cause the Smart Money to rush into some short term put options.  Today the Smart Money bought over 35k of put options with a strike price at $185 that expire on August 2nd. 

This means the Smart Money only make profits if the Apple’s stock price declines another 7%.  Will the Smart Money be right, stay tuned?

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

BREAKOUT: Quick Bitcoin Update!

July 9, 2019 Published by

As we expected, bitcoin broke up and out of it’s consolidation pattern, hitting our targets at $12,000 and $12,400. It’s now eyeing $13,000.

Screen Shot 2019-07-08 at 9.49.36 PM.png

In today’s video we’ll quickly review our targets, where price may be heading next, traps to avoid 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/profile/?workin2005/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.

Workin

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ADA technical analysis

July 8, 2019 Published by

ADA seen from the temporality of 4H we can observe the formation of a bearish flag that should end up making the break down and continue with the bearish trend, however, the price is in the process of claiming the 1D support, if it makes a correct test and we have confirmation with a bull candlestick we could see a reversal of trend and see the price rise towards the supply zone that I have drawn in the chart inside a blue rectangle located in the price range of 0.08840 – 0.08940, in the image I have also drawn the two possible trajectories that could follow the price within this setup depending on the movement of BTC in the next hours, in case of a correction we could see ADA test the support of the channel by making a pullback below 0.07961 and not to get 1D support again the price could fall to the zone of demand in 1W located at 0.06601.

ADA seen from the temporality of 1D we can observe from a broader perspective the current structure of the candles in the major figure, after the price broke down the blue diagonal was made a pullback confirmation making the price fall strongly towards the area where it is currently, in the chart above I have placed the important levels to take into account during the movement.

In conclusion, in the short term we have a setup of continuation of the bearish movement that should conclude in the zone of demand in 1W, in case that BTC continues rising it is very possible that the pattern will be invalidated and we will see an upward movement towards our objective pointed out above in the graph of 4H, I recommend to be attentive to what BTC does in the next hours and to contrast it with the price of ADA to avoid falling in the traps.

As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.

You can follow me on Twitter: https://twitter.com/armijogarcia

You know what is UP when the Market is Down? $TWTR

July 8, 2019 Published by

The ole MO strikes again with the Twitter bird. The market gets smoked, and $TWTR rips higher. You can’t make it up folks, it happens regularly.

I have been long $TWTR a while since last earnings and still sitting green. It looks like I am going to have to be in it this earnings as well and looking for a run up. $TWTR is a no brainer IMO and I have been saying this from the early 20s and been on the platform 9 years. I am looking for this to make a VERY BULLISH move here.

Buy $TWTR.

BITCOIN: iHS triggered?

July 8, 2019 Published by

Just a couple of days ago I was writing a post about an interesting pattern in formation. It was an Inverted Head and Shoulder pattern and I told it has the potential to allow a continuation trend upwards with a target of 14500 USD.

The following was the pattern I was talking about:

And what we can see right now is that after breaking the neckline at 11760 USD the volume is increasing consistently:

Those two higher bars at the volume of the 4 Hour chart may indicate an acceleration of the price action and so it is what is exactly occurring. A good example of one of the most succeed patterns in TA, in this case it is acting as a continuation pattern on a Bullish Scenario.

The target of this pattern points right now towards a new High of the year around 14500 USD, will see how close BITCOIN will be from that level in some hours from now.

As usual, pay attention to the chart and anticipate the move in order to get the most from it.

@toofasteddie

Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

Is Bitcoin Still in a Bear Market? Analysis and Answering Questions

July 8, 2019 Published by

Bitcoin jumped today from $11,350 to our known resistance at $12,000.

Screen Shot 2019-07-08 at 12.11.07 PM.png

Zooming out on the weekly chart, we can see price is trading above the last 3 weekly candle’s close. Bitcoin has been defiant of the bearish reversal candle we saw 2 weeks ago.

Screen Shot 2019-07-08 at 12.12.31 PM.png

As most of you know, I believe the bottom is in and bitcoin is now in a bull market. Could I be proven wrong? Of course…and I’ll be the first to admit it if I am.

In today’s video we discuss the case for the bear market continuing and lay out why I think it’s over. I also answer your questions on how I learned to trade, discuss where price my be heading next and so much more. Hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/profile/?workin2005/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading.

Workin

If you found this post informative, please:

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Get paid for viewing ads and Support the Crypto Ecosystem with Brave Browser. Free download here:
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YouTube: https://www.youtube.com/c/workin2005
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Feature Image By: Saul Gravy

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