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? Daily Crypto News, August, 5th?

August 5, 2019 (updated August 5, 2019) Published by mr.cryptolemon

Bitcoin’s Price Jumps Back Above $11K for the First Time In 3 Weeks ;
Bitcoin SV Splits Into Three Chains Following 210 MB Block ;
Bitcoin’s Computing Power Sets Record as Over 100K New Miners Go Online ;
Keiser: Bitcoin Could Cross $15,000 This Week, No Trust in Centralization ;
Crypto Market Risk Rises as Tether Migrates to More Blockchains ;
? Daily Crypto Calendar, August, 5th?
STEEM Trading Update

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

? Bitcoin’s Price Jumps Back Above $11K for the First Time In 3 Weeks

Bitcoin (BTC) has risen back above $11,000 after regaining ground lost on July 8 and July 22, when the world’s largest cryptocurrency by total value suffered bearish breakdowns that sent its price below $10,000.

At 15:00 UTC on August 4, bitcoin rose above $11,000 for the first time in 21-days.

BTC’s price stalled and then was retested along the $10,600 area on Aug. 4, proceeded by a breakout above $11,000, 10 hours after its most recent sell-off. BTC was last seen changing hands at $11,227 after a strong hourly candle broke above $11,050.

? Bitcoin SV Splits Into Three Chains Following 210 MB Block

Following a recent hard fork of Bitcoin SV (BSV), the network saw a three-chain split after a massive 210 megabytes (MB) block was mined.

As reported by BitMEX Research on Aug. 3, Bitcoin SV nodes divided into three groups on Saturday, making the network to split into three separate chains. According to the report, 65% of nodes were located on the current tip, while 17% were stuck on the 210 MB block and 19% had not even upgraded and were on the old pre-hard fork chain.

According to data from Coin Dance, the 210 MB block was mined on Aug. 3 by CoinGeek miner and involved 808,633 transactions.
Bitcoin SV, a hard fork of Bitcoin Cash (BCH), which is in turn a fork of the major cryptocurrency Bitcoin (BTC), successfully ran its own scheduled hard fork on July 24 as part of plans to increase its block size from the previously set limit of 128 MB up to 2 gigabytes.

? Bitcoin’s Computing Power Sets Record as Over 100K New Miners Go Online

The total computing power now dedicated to securing the bitcoin blockchain has set yet another record.

According to data from mining services operator BTC.com, the average bitcoin mining hash rate over the last two weeks has reached 71.43 quintillion hashes per second (EH/s), up from 64.49EH/s on July 23. The threshold was breached as bitcoin adjusted its mining difficulty at block height 586,672 on Monday 2:52 UTC – that is a 6.94EH/s, or 10.78 percent jump since mid July.

Bitcoin mining difficulty is a measure of how hard it is to compete for mining rewards on bitcoin. Just how difficult the bitcoin software makes it to generate new blocks adjusts every 2,016 blocks – approximately every 14 days – to ensure the block production time remains about 10 minutes at the next cycle.

? Keiser: Bitcoin Could Cross $15,000 This Week, No Trust in Centralization

Max Keiser, a former Wall Street trader and host of the RT program Keiser Report, said that he believes Bitcoin (BTC) will break $15,000 this week.

In tweet published Aug. 3, Keiser said that he is “sensing #Bitcoin will cross $15,000 this week.” He further stated that confidence in central governments, central banks and centralized fiat money are at the lowest level they have been in decades. He noted:

“I’m confident. So I just burned another $10,000 in $USD shitcoin. Correlation does not equal causation, but whenever I burn a few thousand $USD, BTC price goes up significantly.”

? Crypto Market Risk Rises as Tether Migrates to More Blockchains

One of the murkier corners of the cryptocurrency market is becoming even less transparent.

Tether, the controversial token that serves as a conduit for trading coins on many of the world’s largest crypto exchanges, is becoming the means for conducting transactions on a spate of new blockchains, the distributed digital ledgers that underpin the digital assets.

The migration from the dominant Bitcoin and Ethereum platforms risks making it more difficult for investors to track transactions, going against one of the key tenets championed by crypto advocates since the advent of the self-styled alternatives to money a decade ago.

? Daily Crypto Calendar, August, 5th?

Tezos (XTZ)

Coinbase Pro begins accepting XTZ deposits for 12 hours prior to enabling full trading.

Enjin Coin (ENJ)

ERC-1155 support is coming to 0x protocol on August 5.

Tokenomy (TEN)

SWIPE IEO on Tokenomy from August 5th to 18th. Purchasing with TEN yields 10% bonus.

Elastos (ELA), Ethereum (ETH), NEO (NEO)

“ETH and Neo Sidechains are scheduled to be deployed on the #Elastos Mainnet for whitelisted partners and developers starting August 5th.”

EthereumX (ETX)

“At the start of every month, we will be taking snapshop of all EthereumX token holders with more than 300,000 ETX tokens.”

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yersterday :

Here is the current chart :

So yeah my friends, except if we have a sudden big up in the coming hours, the support line at 0.24 and the little support just under in blue can be considered as broken. We should now go in the direction of the support line at 0.21$ which is a major support line which hold us since december 2018. If we break that support… I really don’t know where we will stop… 0.15$, 0.1$, 0.05$, 0.01$? what would be the minimum for you ? Let’s share your opinion.

Last Updates

Join this new Free To Play on the STEEM Platform !

Bitcoin Rallies to Resistance – Will it Fail?

August 5, 2019 Published by timm

Bitcoin has had a slow and rather quiet move higher over the past few days. That is until today where volume has picked up in the past few hours and price pushed more than 600 points.

11,600 has been a pivot point before

Looking at the chart you can see price has come up to this level in the 11,600 area. With price now getting a but extended from the 10 day moving average and volume being somewhat low for this move on a whole it would not be a surprise if the up move died in this area.

However, if that were to happen then some sideways to slightly lower consolidation would be bullish.

To be honest as long as it maintained above 10,800 while the moving average caught up I’d be happy with the price action.

We shall see what the coming days will bring….

Forex $1 MM Challenge (8/4/19) – Recent Japanese Yen Trades

August 5, 2019 Published by timm

Safe havens currencies retain or increase in value during risk off environments, meaning when economic turbulence is upon us. Three major safe haven currencies are the U.S. dollar, the Japanese Yen and the Swiss Franc. In the past several months we have witnessed a divergence in the equity markets. While all major equity markets around the world are doing down, the US market is the only one holding on for dear life. So in a risk off environment commodity type currencies decline in price as a result.

On July 1st I when short two different Japanese forex pairs.

Forex $1 MM Challenge – Trade #16 (7-1-19) Sold USD/JPY

Monthly Chart (Curve Time Frame) – monthly supply is at 121.00 and monthly demand is at 97.000.

Daily Chart (Entry Time Frame) – the chart suggests to go short at the daily supply at 108.60.

NOW – Price stopped me out before pushing lower this past week.

Forex $1 MM Challenge – Trade #17 (7-1-19) Sold CAD/JPY

Monthly Chart (Curve Time Frame) – monthly supply is at 0.05600 and monthly demand is at 0.04600.

Daily Chart (Entry Time Frame) – the chart suggests to short price at the daily supply at 78.000.

NOW – this trade is still in play at this time.

Both trade set-ups were a Reward to Risk of 5:1. So although I was stopped out on the USD/JPY, if the CAD/JPY ends up hitting my target, my account will go up 4%.

The game of trading is a probability game, which you most trades have less than a .500 batting avg (win/loss ratio). However, as long as your avg win is greater than your avg loss, your equity curve should be positive. Let me illustrate, if my avg. win is 3X my avg. loss, all I need is a minimum win % of 25% to be profitable. And if your avg. win was 20X your avg loss, you only have to be right 5% of the time. This is why I stopped sweating my losses years ago because my losses lead to my wins. Until next time.

My Journey Into Forex – Part 3 of 3 (The $1 MM Challenge) – Part 2

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.

Cryptocurrency Relative Strength Analysis Report For Week Starting 8/4/19

August 4, 2019 Published by timm

When you think about Cryptocurrencies, one name immediately comes to mind, Bitcoin. Since the creation of Bitcoin, there has only ever been one cryptocurrency at the top of the market cap rankings…Bitcoin.

When the price of Bitcoin rises, generally you can expect altcoin prices to rise with it. Likewise, when the Bitcoin price drops, altcoins also follow. And sometimes when Bitcoin is rising, the altcoins are declining due to cash moving from the altcoins to Bitcoin and vice versa.

Source Image

Bitcoin dominance is used to measure the percentage of the cryptocurrency market that can be attributed to Bitcoin. Thus, it’s very easy to determine the relative strength of Bitcoin at any point. Not the case for the altcoins…until now. I have taken the more popular altcoins and determined their relative strength, relative to Bitcoin using just moving average.

Binance

EOS

Ethereum

Litecoin

Neo

Steem

Tron

Zcash

Based on the moving averages and the last daily closing price, relative to the moving averages,

the altcoins relative strength, relative to Bitcoin are the following:

This image has an empty alt attribute; its file name is image-317.png

Two Weeks Ago

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.

Total Market Decision Point

August 4, 2019 Published by toofasteddie

Putting aside what BITCOIN is doing lately, it is worth to check as well what the TOTAL crypto market does.

It is a fact that BITCOIN is being feed mainly by the altcoins in the present days since doesn’t look that “fresh” FIAT is entering at the market nowadays, that’s why looking at the BITCOIN chart versus USD can be a little bit misleading since there is a lot of selling pressure for BTC by the altcoins side

However, as I wrote yesterday in this post an enormous Bullish Flag has been formed as well at the Total Cryptocurrency market.

Inside this Bull flag there is a count that will fit in and may give you some hopes regarding the end of the correction is probably done. It is a Regular Flat Correction (3-3-5)

The only “but” I see in this possibility is that, in order to be considered as a “Regular Flat correction”, “B” should be just below the start of wave “A”, and, it is but perhaps so much low…

Anyway, let’s consider this count as good, if so, then the correction should be already finished and the Total Crypto Market should has finished already the first wave upwards and working on the third and more powerful wave, something like the following:

Nevertheless, as I said yesterday with the BITCOIN chart, a Bull Flag can promote at least 5 rebounds between its confining lines:

Conversely to BITCOIN’s Volume, the TOTAL MARKET Volume has decreased from the top of the year but not so much compared with the Crypto King and what I see in the Daily RSI indicator is an excellent situation for higher highs:

So, yes, IMO we are now in an important moment according to the Total Market Chart, be ready to experiment a possible sudden Price action, mostly on BITCOIN but also in other big Altcoins afterwards.

Enjoy!

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.

Germany expanding digitisation with the new Digital Care Act

August 4, 2019 Published by mr.cryptolemon

Germany
expanding digitisation with the new Digital Care Act (Health Europa)

Germany has introduced the new Digital Care Act, which builds upon the 2016 ‘E Health Act’ that focused on developing information and communication technology in healthcare, particularly in the form of ‘electronic health cards’ and ‘electronic patient files’.
The new Digital Care Act will enable doctors to prescribe health apps, the cost of which, under certain conditions, will be reimbursed by German statutory health insurances.
Additionally, the German Act that currently prohibits the advertising for remote consultations will be amended, and any planned regulations of the introduction of the ‘electronic patient file’ have been removed, in order to facilitate its launch at the turn of the year 2020/2021.

Analysis and Comments

The electronic health card serves as an insurance card for people with statutory health insurance, while the electronic patient file (which hasn’t been built yet) is a further development of the card.
The file will enable statutory health-insured people to access a broad range of medical information such as, for example, findings, diagnoses, therapy measures, treatment reports, and vaccine history.
A separate privacy law governing the sensitive health data that is to be recorded in the electronic patient file is due to come into effect in January 2021.
Ultimately, the new law simply recognises the fact that patients have already been using health apps of various kinds, and stresses Germany’s intent to introduce digital services such as the electronic patient records as soon as possible.
Australia recently introduced a similar patient file called ‘My Health Record’, which apparently not only many Australians have opted out of, but is currently often empty (i.e. not being used as information is not being shared in a meaningful way between all parts of the system).

Crypto Contest August 4: UNUS SED LEO

August 4, 2019 Published by maarnio

UNUS SED LEO (Bitfinex: LEOUSD) has broken out of the triangle pattern in the daily chart.

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

Elliott Wave Analysis

In Elliott Wave terms, LEO began a wave one advance on May 21. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 26, and the red wave two (blue sub-waves a-b-c) correction ended on July 19. If this wave count is correct, LEO should be heading next towards the June 26 peak in the red wave three.

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

Funnymentals

The LEO token is an exchange utility token for current and future iFinex trading platforms and services. Young And Investing reviewed the token back in June this year.

(Sources: UNUS SED LEO and YouTube)

How can I vote? Where is the contest?

You can vote by following this link.

BITCOIN: could it be an enormous Bullish Flag?

August 3, 2019 Published by toofasteddie

5 consecutive days of green candles already, despite BITCOIN has not increase so much in volume , BTC has broken strongly the Falling Wedge and so, it is going upwards while trying to break another known resistance at 10800 USD right now:

What I can see here is an interesting Flag pattern in formation. Usually this pattern use to provide till 5 rebounds before breaking the upper resistance (a-b-c-d-e) but it is known that also can be broken on the 4th, so at (d).

This is my current scenario: If the upper resistance (red line) is broken powerfully on (d), it would mean that the correction and so the end of the wave II was already done at (c) around 9000 USD… If, by the contrary, BTC finds strong resistance at (d), it would be likely to have another test of the inclined support on (e), ending there the correction…

In a graphical manner, two options, both bullish, of course:

—

Option 1:

Option 2:

@toofasteddie

Benefits of Investing in Designated Opportunity Zones

August 3, 2019 Published by timm

One of the good things about real estate (and there are many) is that the government generally creates incentives for investors and developers to provide housing in certain areas.

This is the case with the fairly new “opportunity zones” initiative that launched in December of 2017 with the tax cuts and jobs act legislation. Let’s discuss what the benefits are of investing in one of these areas.

Investing in Designated Opportunity Zones

By investing in opportunity zones you can save a bunch on capital gains taxes. Similar to a 1031, but with more flexibility, you only need to designate the gains from a property into the opportunity fund.

That money obviously needs to be used to invest in one of the many opportunity zones designated by the government entities. You can see a map of opportunity zones here.

Tax Benefits of Opportunity Zone Investing

A basis step-up for capital gains reinvested in an opportunity fund

A temporary deferral of taxable income for capital gains reinvested into an opportunity fund.

A permanent exclusion of capital gains if the investment is held for at least 10 years.

For us buy hold folks that last one is very enticing as normally you will hold a rental for atleast 10 years. Capital gains being excluded permanently sounds nice to me! It’s likely a 15% savings staying in my pocket!

Tax benefits are just one of the reasons rental properties are so awesome.

Takeaway agrees to buy Just Eat in $10bn deal

August 3, 2019 Published by mr.cryptolemon

Takeaway
agrees to buy Just Eat in $10bn deal (Reuters)

While Reuters reported this as a takeover, its more strictly a merger. And of course, as with all these deals, its just discussions, Takeaway.com has until 24^th Aug to announce a firm offer or withdraw (Takeover panel rules).
Investors in Just Eat are likely to be offered 0.9744 Takeaway.com shares for each Just Eat share, implying a value of 731p or c. a 15% premium to the closing price on the previous Friday before the possible deal was announced. As a result, Just Eat shareholders would own just over 52% of the combined group.
The article highlights the apparent role of US activist investor Cat Rock, who is a holder of shares in both companies.
Some analysts have highlighted the lack of overlap between the two companies (the exception being Switzerland) as being a positive feature of the proposed deal.
Takeaway.com argues that online food ordering can be highly profitable – but only for the leading player in each market.

Analysis and comments

The competitive situation for the two companies is very different. Takeaway’s markets have a limited overlap with Uber & Deliveroo, whereas for Just Eat the situation is the exact opposite.
The cross border synergies between operators are limited, unless the target company is very inefficiently run.
This deal highlights some wider lessons for similar platform type markets. Yes, the potential end market is large (& growing rapidly). But, having a large (& fast growing) addressable market is not enough on its own to ensure profitability.
Its important to also look at the local delivery cost structure & the level of competition. On both counts the outlook for Just Eat looks challenging.
This is an aspect of many of the new emerging companies that investors seem to miss – yes the end market looks attractive, but even if there are barriers to entry, multiple players in the market can make it really tough to select a long term winner.
Furthermore, if the infrastructure or product is replicable – companies may sustain extended losses as they fight for market share, especially if your competitor has deep pockets.

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