Good morning everyone, Today is another day the Lord has made and we have to be glad and be happy in it. Today is a holiday actually I dont know the kind of holiday but am actually going to celebrate it. So I would like to use this opportunity to wish all my Ghanaians friends on steemit a happy holiday. They should enjoy but should keep in mind that the next day is not a holiday but they will either go to work or to to school. So when they are chilling they should limit it so that they dont spend the next day as a holiday too. Again I would like to take this opportunity to tell every Ghanaian who wants to travel to Dubai this November before Xmas that your opportunity has come. Join the Zonethree6 and take a tripe to Dubai and enjoy a VIP ticket to One Africa Music Festival and also party with them for 5 good days. They rate or payment is really less Gh8,000 or 1500usd. All your accommodation and feeding fees is inclusive in the amount you are paying. This is a wonder gift for you this November so make it a date to join Zonethree6 and take a trip to Dubai. If you want to book your sit just call the numbers on the flyer +233557729272 or +233545500300. Thank you.
About a week ago I pointed out the descending triangle bitcoin price was saddle within. Since that time price action has gotten tighter and tighter.
Generally so sort of catalyst props a push either higher or lower to break out of the formation.
Bakkt Launches Tomorrow
I don’t know that this will cause a spark or not immediately, but it could have some impact over the course of a few days as positions are established.
The beauty of Bakkt is….
There actually has to be bitcoin used to physically settle futures contracts. As opposed to cash settlement where no bitcoin ever needs to actually be in play.
So, even though one can use margin for futures positions. At the end of the day (or contract I should say) physical bitcoin is technically supposed to be delivered.
Given that institutions generally play in the futures market and Bakkt will also provide custody accounts it makes sense that this will drive more demand for bitcoin investing.
I guess we will see come this time next week what kind of impact it has.
Is liverpool going to end the season with unbeaten. Why am I saying so, they have played 6 matches without a lost or a draw. They have won all their matches leading the table with 18 points and has opened a gab of 5 point between the second position team which is Manchester City. The table of Epl has really turn upside down seeing Tottenham, Chelsea and Manchester United at the 7th, 8th and 10th position and seeing Westham prgress to the top 5 of the epl table. Liverpool next match is with Sheffield United that is also a straight win for them. If they dont open a big gab between them and Manchester City, Manchester City might close the gab and then lead the table. Because right now they are leading more goals and if you make them lead the tabe they might not drop points again.
Manchester United game was a straight lost for United because looking at the squad they used to play it wasnt encouraging at all. Most of the key players were down on injury and had to play some players they were not supposed to play. At the long run what was expected to happen happened. Losing on 2 goals down. The game play today wasnt encouraging at all. The second goal was from the wall they made. Instead of arranging the tall ones from where they keeper has not covered they rather arrange it the other way round so it will be easy for a good free kick taker to raise the ball over the short players to the far corner and score. All the same better luck next time for Manchester United we have to really work hard on our midfield. Today the midfield was broken down and all the balls were flowing into the half of Manchester United. Any counter they get our midfield will be empty no one to tackle then the defenders has to come forward small to cover up. This will actually make it result in a lost. Congrat to Westham for their Win today.
The price move of Ethereum the past week has been quite bullish. Last week I wrote a post covering the positive signs I saw from price coupled with some upside targets.
Luckily it played out and Ethereum pushed higher reaching all but the 230 target on this first move.
Orderly Push Higher w/ Constructive Pullback
I love what I am seeing from price right now. If you look at the chart in this post you can see after the aggressive push higher we are seeing a nice little pullback.
This is constructive for two reasons:
Volume was rising on the move up and is declining on the move down (though on a whole volume still isn’t very high)
After stretching away, price is having an orderly pullback to allow the 10 day moving average to catch up (which I am using as a guide for re-entry)
As much as I’d like to see price touch the 10 day moving average and then push higher, it doesn’t always work that way. It could turnaround at any moment and push higher or come down even more. In the end, we need price to maintain above 202 for the price action to remain in a bullish tone.
As for upside targets. That 230 area is the next target. If price breaks above there then it has a shot at establishing in that prior range that has upside up to 273.
Is Alt Season Here?
Alot of people are claiming alt season is here. Well, I hope they are correct, but if we don’t get a second leg in this move by Ethereum and other alts then all it was is a bounce.
For the sake of people who don’t know, CP means Copy-Pasted. I have seen a lot of people including myself post only links without including any description of what they are posting on this platform. I am also guilty of that but that was as a result of my ignorance not until I saw the post published by @Victoria and @Luke about how to post CP contents.
I really love the idea and I think that will sure help bring in more quality to Uptrennd. We don’t want shit post here of course. I promise to take my time to put in some changes in the subsequent contents that I will be posting.
My suggestion
I would suggest that more awareness should be created by the Uptrennd team so as to get this things to more users. Many of us are only posting those things because we are ignorant. I would suggest there should be a guide on how to post CP contents pinned somewhere on the platform user interface where it can be easily accessed by any new users.
The quality of contents on a social media platform really matters a lot and I think this should be treated with urgency. However, I will also try as much as possible to promote this to other people as much as I can.
Maybe a hypertext like the one in the image shown above that read “For CP contents, write a minimum of 45 words to explain the link share” can be made included in the box like that. I think that will sure solve the issue ignorance concerning sharing CP contents.
Here is a complete guide by @luke and @Victoria on how to post CP contents
Hong Kong-based venture capital group CMCC Global launched its Liberty Bitcoin Fund to provide crypto currency access to accredited investors in Asia who are very interested but have been slow to buy the coins directly.
The Liberty Bitcoin Fund is a single-asset passive tracker of Bitcoin and offers services including buying and safekeeping coins.
“We have received more and more questions over the years from our existing investor base about whether we could help them buy Bitcoin,” Martin Baumann, managing partner of CMCC Global, told CoinDesk. “The new fund is really a demand-driven.”
EOS is the world’s seventh-largest blockchain by market cap, with a value topping $3 billion since February 2019. However, the project has long been plagued by fears that its structure was too centralized, and now the lion’s share of entities that govern the chain are in China, prompting fears of state intervention.
EOS contributors devoted to building decentralized apps (dapps) and development tools for the blockchain are losing clout – and making little or no money from contributing to the health of the ecosystem. One of them publicly disavowed the blockchain earlier this month, citing the excessive power of the largest EOS token holders.
Block.One, the company that launched the code behind EOS following a $4.1 billion ICO, is the largest token holder. Critics say it could easily redefine governance on the chain but has yet to take action.
For the past few days, the price of Bitcoin (BTC) has been hovering above the 20 Moving Average (MA) and drawing closer to the moving average as volume continued to taper off and lower highs were set each day.
The digital asset began to look bearish on multiple time frames and it seemed that a downward move was more likely than any other outcome. Once the 12 Exponential Moving Average (EMA) dropped below the 26-EMA on Sept. 16, aggressive intraday traders correctly predicted a double bottom bounce at $10,075.
Crypto exchange Binance is planning to add over-the-counter (OTC) trading to its platform in a month to provide users with fiat currency gateways.
Binance’s co-founder and chief marketing officer He Yi said at a media session on Tuesday during the Shanghai Blockchain Week that the exchange will specifically support fiat on-ramp via OTC for Chinese yuan.
He added that the new service will be part of Binance’s plan in the coming months to dedicate more time and resources to compete in the Chinese market. Further, the exchange is also rolling out a payment service to allow users from 170 countries to buy crypto assets using fiat currencies at Binance.com.
Fiat-to-crypto OTC trading has been a critical part in terms of fiat on-ramp for crypto traders based in China as local authorities prevent the direct connection of exchanges to banks and fiat deposits as part of the ban on initial coin offerings in September 2017.
The United States Securities and Exchange Commission (SEC) has sued ICOBox and its founder Nikolay Evdokimov for conducting an illegal securities offering and for acting as unregistered brokers.
SEC says ICOBox’s digital tokens are worthless
In a press release on Sept. 18, the SEC claimed that ICOBox and Evdokimov sold the firm’s ICO tokens to more than 2,000 investors in an unregistered coin offering in 2017.
The SEC goes on to say that the defendants claimed that the tokens would increase in value upon trading and that ICO token holders would be able to swap them at a discount for other tokens promoted on the ICOBox platform. The SEC claims that the ICO tokens are now virtually worthless, adding:
“By ignoring the registration requirements of the federal securities laws, ICOBox and Evdokimov exposed investors to investments, which are now virtually worthless, without providing information that is critical to making informed investment decisions.”
“The next meeting is to be held at LTO office, and results to be presented on September 19.”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yersterday :
Here is the current chart :
Yesterday I was talking to you about a W pattern which is a bullish signal. Look today the acceleration of the move. We could go test the resistance line at 0.178$ very soon and it would be a very good news if we can break it. Let’s wait my friends and let’s hope the BTC won’t correct in the coming days.
After a three-year long class-action lawsuit, the case accusing General Mills of falsely advertising its cereals as healthy when they contain high levels of sugar has been dismissed by a federal judge in California.
The judge noted there was no consensus on how much sugar is healthy (the FDA hasn’t updated their definition of the word since 1994 and also has no clear guidelines on how much sugar in a product is too much).
He further noted that “the actual ingredients were fully disclosed” on both the front and side panel of the company’s packaging and the plaintiffs therefore could not plausibly claim to be misled about the sugar content of their purchases.
Analysis and Comments
While the case was dismissed a few weeks ago, it’s still worth pointing out as it is not the only one of its kind; there are two similar lawsuits filed in 2016 against cereal makers involving the same law firm and some of the same plaintiffs which are still in play.
Another lawsuit against Post is still in court, claiming that their packaging is allegedly misleading as it states that honey is the primary sweetener when according to the plaintiffs the cereal gets most of its flavour from cane and beet sugar, brown sugar, corn syrup, malted barley syrup, and molasses rather than honey.
This issue is unlikely to go away anytime soon (even though the ruling may speed up the closing of some of these cases), as breakfast cereals are a major source of free sugars in children. Sales volumes are likely to continue to go down because of the consumer backlash at their high sugar content.
Currently, in the majority of countries it is mandatory to have nutritional information for food and most drinks. However, the problem is that for the average consumer the data is meaningless because of its complexity. In the long term, we think that there is a strong possibility that graphic health warnings and traffic light labelling could be used for high-fat sugar and salty (HFSS) food and drinks.
Bitcoin (BTC) could soon shoot to $20,000 as a result of emergency measures from the United States Federal Reserve, also known as The Fed, one of the industry’s biggest firms has said.
Fed echoes 2008 crisis moves
In a tweet on Sept. 18, Arthur Hayes, CEO of derivatives giant BitMEX, forecast that fresh quantitative easing (QE) would further decrease faith in fiat currency.
The comments come a day after the Fed swooped to decrease interest rates on some loans which reached more than 10%, or four times its target. More than $53 billion was pumped into the economy.
“QE4eva is coming. Once the Fed gets religion again, get ready for #bitcoin $20,000,” Hayes wrote.
The Fed’s QE injection marked its first emergency intervention since the end of the 2008 financial crisis, an event directly leading to Bitcoin’s creation.
Bitcoin has dived out of a narrowing price range and may see a deeper drop if key trendline support near $10,120 is breached.
Acceptance below $10,120 would expose the recent low of $9,855.
Some notable observers believe the decline may be reversed following Wednesday’s Federal Reserve rate cut, although historical data suggests otherwise.
On the higher side, $10,956 (Aug. 20 high) remains the level to beat for the bulls.
The number of Bitcoin (BTC) wallet addresses holding a minimum of 10 BTC — worth over $100,000 to press time — has hit an all-time high, multiple data sources reveal.
According to BitInfoCharts’ Bitcoin Rich List, as of Sept. 17, there are 157,210 addresses holding between 10 and 1,000,000 BTC.
Earlier this month, Coin Metrics’ State of the Network report had plotted the latest data historically to reveal that these mega-holders are at an all-time high for the network.
Binance.US, United States branch of major cryptocurrency exchange Binance, announced that the opening of accounts registration, scheduled for Wednesday, will not include New York, Washington, Florida and 10 more states.
According to the blog post published on Sept. 17, registration will start at 8 a.m. ET on Sept. 18 in most U.S. states, excluding the following: Alabama, Alaska, Connecticut, Florida, Georgia, Hawaii, Idaho, Louisiana, New York, North Carolina, Texas, Vermont and Washington. The post continues:
“Although it is upsetting that we cannot offer Binance.US in [these] states […] at this time, please rest assured that this is just the beginning, and it is our mission to bring access to those of you in these states many of us call home.”
Employees at cryptocurrency news publication CoinDesk were told Tuesday that the firm is moving into office space in the same building as its parent company, Digital Currency Group (DCG), a transition that will take place in March 2020.
In an email sent to employees, his first ever to CoinDesk’s entire staff, DCG founder and CEO Barry Silbert outlined four reasons for the move, vowing that while seeking to create new business synergies with the media company, one of three wholly-owned subsidiaries, the parent would continue to respect and strengthen the editorial independence of the publication, founded in 2013.
The other two subsidiaries, Grayscale Investments and Genesis Trading, work out of the DCG office building in Manhattan.
DeFi Asia in Shanghai from 2:30 – 5:30 PM (CST), co-hosted by Harmony, Findora, and Algorand.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yersterday :
Here is the current chart :
What a nice pattern that we have on the STEEM. We have a W pattern or a double low if you prefer that we can clearly see on the chart. For the one who still don’t know that pattern, it is a bullish pattern ! It looks like that the Alt Coins are taking back some percenst of the global market compared to BTC. We are still far from the Alt Season that we experienced back but it could be the start… why not ? Regarding the STEEM, let’s see if we can go test the resistance line in red around 0.178$.
