BTC took a big dip less than a day ago. Unlike other recent dips, it didn’t stay there for long…
The recent BTC dip was significant in size: A drop from around $3894 to $3742 (a $152 difference – BitMex prices) within an hour is a relatively major drop. On any other day, a 3.9% drop in BTC price would be a considered a bad day. This day was different.
Whereas the norm for BTC is to stay at the new level after a sudden price drop or rise, BTC started recovering instantly: regaining and then passing the starting level (of the
Litecoin has already done it folks, could EOS be next. I am watching the two horizontal lines as support as these NEED to hold, but above I am watching the $4 level. This is the 200 day MA. Price must cross this (obviously) for the 200 day MA to start trending back up…and once this happen a new bull has begun.
EOS is one of the cryptos that I like the must and I will likely be accumulating this into and up too the $8 range. Rising 200 day MA usually show strength and factual evidence that the asset is
Yeah! the market is experimenting a substantial increase on the Trading volume. The value today, more than 11 Billion USD, is similar to the values played by the end of December 2017 and, in my opinion, this is good, very good!
After having passed one year with an average
of less than 5B USD, since mid of February the trading volume has had a
clear increase trend and we are now in the values we all want to see.
Additionally, it is obvious for any TA analyst and Pattern Recognizing user that we are entering in another interesting area which would clarify
Well folks, we finally had it. A down week. This is the first down week of the year. We have been up 10 weeks in a row and finally pulled back. We just gave up the past two weeks of gains in 5 days which is not surprising. the first down week was going to be a hefty push lower because everyone who road the train from December 2018 are going to be taking profits on the trend break. The ultimate question is what is going to happen now?
I have covered much of my short that I put on because
In the short-term BTC is channel bound within an ascending channel. It seems likely that this state of affairs will not continue for too much longer. I say that based on the length of similar channels in the recent past. I expect a sudden rise or dip before BTC forms a new channel with the same East-North-East price movement.
The chart below looks back about three weeks and shows how this East-North-East price movement has been prevalent in all major recent channels. It also shows how long the channel bound price movements remain intact
Gaming cryptocurrency Enjin Coin (ENJ) is up 70 percent after news reports earlier today that confirmed a partnership with South Korean technology giant Samsung.
On Friday, media outlets in South Korea reported the partnership between Enjin, the Singapore-based company behind ENJ, and Samsung’s flagship smartphone S10, was confirmed, which ignited Korea’s investor base to jump in.
When reached out by CoinDesk for comment, Enjin provided confirmation regarding a partnership with Samsung Electronics, the specific entity behind the S10 flagship smartphone, but declined to reveal more details.
Fidelity Digital Assets (FDAS) will take its time about adding support for ethereum, the executive in charge of the new platform said.
The digital asset trading and custody branch of Fidelity Investments, which went live this quarter, has developed an internal framework for evaluating any cryptocurrencies that may be added in the future, according to FDAS president Tom Jessop.
Brad Garlinghouse, the CEO of San Francisco blockchain startup Ripple, gave JP Morgan Chase qualified praise Wednesday for creating its own stablecoin, before dismissing the product’s likelihood of adoption by other banks and questioning its usefulness.
During a fireside chat at the Chamber of Digital Commerce’s D.C. Blockchain Summit in Washington, Garlinghouse said he thinks it’s “great” to have major financial players like JP Morgan “leaning in.”
But, he quickly added:
“That’s the only nice thing I’m going to say about this.”
Japan financial group Nomura has invested in Y Combinator-backed smart contract auditing startup Quantstamp.
U.S.-based Quantstamp announced Wednesday that it is setting up a subsidiary in Japan following a “significant” investment from Nomura Holdings and Tokyo-listed internet group Digital Garage.
Chuzaburo Yagi, senior managing director in charge of innovations at Nomura Holdings, said:
“As blockchain technology is adopted in the financial world, smart contracts will play an increasingly important role. Security assurances through auditing and certification will become increasingly indispensable.”
Exchange and social network for investors and traders eToro has launched its cryptocurrency trading services in the United States, according to a press release shared by the company with Cointelegraph on March 7.
The exchange, which — per the release — has over 10 million registered users, will start facilitating the trade of 13 unspecified crypto assets and release a cryptocurrency multisignature wallet to customers in 31 U.S. states and territories.
The wallet will support Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Stellar (XLM) and Ripple (XRP), and will enable users to send and receive the supported assets. According to the release, support for more cryptocurrencies will be added to the wallet in the future.
“Sponsored by Horizen, the privacy cryptocurrency for everyday use, this meetup is hosted in person by local ASFL hosts…”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
Yesterday, I was saying you that the 0.43$ resistance line was the line to break to continue the UP trend. Look how we broke it and how it triggered that nice UP Break Out. Except the symbolic resistance line at 0.50$, the next technical resistance line is now around 0.58$. Let’s see if we can reach that level quickly after a little consolidation which is in preparation now.
On February 17th, Bitcoin had a nice bounce late in the day (early Feb 18th for some). It was nothing to get overly excited about at the time. We’ve seen jumps in price here and there over this 14 month bear market. What has been exciting is the increase in volume since that spike. Daily volume has not dropped below $7 billion since February 17th. This is the first time we’ve seen over 2 weeks of daily volume CONSISTENTLY above $7 billion in almost a year.
Bitcoin is currently trading above the $3,800 support (Coinbase) at around $3,870. We’ve seen a
Indeed STEEM has done a very good Jump today but, did you notice the jump on TRYBE?
It reaches 32% as an Average price at the Blockfolio signal.
More
and more people are entering in the Cryptoworld and either STEEM
blockchain or new competitors as TRYBE or KARMA are also helping on this
process.
No doubt for me that, accumulating stake on TRYBE and “Sailing” the waves on STEEM/SBD are a win-win combination.
STEEM seems to have completed a 3rd wave upwards. If so, it should correct forming the 4th wave… a good level to re-enter again could be 0.423 USD which corresponds with
BEFORE RESUMING THE SECULAR UPTREND THAT HAS BEGAN.
I have been saying that the multi generational bottom in rates are in since mid 2016. We have had 3 massive inflation waves causing yields to rip to new highs since that time. On the last run up I said that we are about to have a major growth slowing affect on rates and would fall below 2.70 (Mind you this was at 3.10). This massive rug pull in the bond market since Q4 of last year is headed lower to make another low.
Christopher Giancarlo, chairman of the United States Commodity Futures Trading Commission (СFTC), has said that blockchain would have transformed regulators’ real-time responses to the the 2008 global financial crash, if it had been in use at the time. Giancarlo made his remarks during the 4th Annual DC Blockchain Summit in Washington D.C. on March 6.
In his speech, Giancarlo drew on his personal experience as executive vice president at brokerage giant GFI Group — which, in 2008, as he noted, operated one of the world’s largest trading platforms for credit default swaps (CDS), “then the epicenter of systemic risk.” He recalled the panic and disorder on the GFI broker floor, as the global credit crisis cascaded out of control:
“I remember a call from a U.S. bank regulator asking about CDS trading exposure of several major banks, including Lehman Brothers. In fact, trading conditions were deteriorating by the hour. It was clear that the regulator had little means, short of telephone calls, to read all the danger signals that the CDS markets were broadcasting.”
Binance Coin (BNB), the crypto asset that can be exchanged for transaction fees on the Binance exchange, is up more than 140 percent year to date and is now deviating from bitcoin’s price trend – a feat not commonly observed in the nascent crypto markets.
While the reasons that most cryptocurrencies are highly correlated to bitcoin are not definitive, studies have shown this dependency on bitcoin’s trend has only grown stronger with time. Yet, BNB is proving different.
Brad Garlinghouse, the CEO of San Francisco blockchain startup Ripple, gave JP Morgan Chase qualified praise Wednesday for creating its own stablecoin, before dismissing the product’s likelihood of adoption by other banks and questioning its usefulness.
During a fireside chat at the Chamber of Digital Commerce’s D.C. Blockchain Summit in Washington, Garlinghouse said he thinks it’s “great” to have major financial players like JP Morgan “leaning in.”
But, he quickly added:
“That’s the only nice thing I’m going to say about this.”
Switzerland‘s principal stock exchange, SIX Swiss Exchange, has chosen to use blockchain consortium R3’s Corda Enterprise platform for its forthcoming blockchain-powered digital exchange. The news was revealed during the R3-hosted Corda Day event in Singapore on March 6.
The SIX Swiss Exchange sees roughly 4.62 billion Swiss Francs (CHF) (~$4.6 billion) in daily turnover, and has a market capitalization of over 1.67 trillion CHF ~($1.6 trillion). As Cointelegraph reported in July 2018, SIX previously unveiled its plans to launch a digital asset ecosystem, dubbed Six Digital Exchange (SDX).
On March 5, financial messaging service SWIFT announced the launch of a <abbr title="
A record or ledger of all transactions that virtually eliminates third-party tampering. While every exchange of value or data is recorded and visible to users, the identities of those exchanging, and what the money is being exchanged for, is kept private. However, the amount of money is public. New blocks can only be added in chronological order (through mining or other means of block validation), and the inherent value and information cannot be compromised.
“>blockchain e-voting proof of concept (PoC). Participants in the PoC experiment include the Singapore Exchange (SGX), Deutsche Bank, Standard Chartered Bank, DBS Bank, and HSBC Bank.
SWIFT, in conjunction with software securities firm SLIB, will conduct the trial during the first half of this year in the Asia-Pacific region. The experiment will determine whether blockchain technology can “simplify the currently inefficient management of shareholder meetings and the associated voting processes…” According to SWIFT, its paper-based voting process takes an inordinate amount of time and resources, is too complex, and often leads to errors, particularly when it comes to proxy voting.
“Once the countdown ends, everyone will be able to buy their PolisPay card. We will also reveal the PolisPay roadmap, and have a Q&A …”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
The UP continued today and we are more and more close of the previous TOP. I traced for you a new resistance line in blue which has been created by the 2 previous TOP. As I explained you yesterday, this line has to be broken to start really a new UP trend on the STEEM. Let’s see if we will be able to break it soon, a UP Break Out on the BTC would for sure help us to break that line. As always, we have to wait the master.
