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Wednesday, May 29, 2019

Bitcoin Trading In South Korea Reaches New Highs





Peer-to-peer (P2P) networking is based on the principle of all participants being equal and it is on the basis of their digital crypto exchange, that Bitcoin in South Korea has soared to such great heights. These new levels were revealed on the charts of Coin Dance, a similar platform that provides statistics on Bitcoin and is powered by the community.

The data released shows that the online crypto trading on Bitcoin reached values of around KRW 219 million which equates to $185 000.


LocalBitcoin

Established in 2012, the LocalBitcoin gives participants the opportunity of buying Bitcoin for over-the-counter trading and also local currency trading.

Another crypto trading platform known as The Finnish is more commonly used and is becoming increasingly popular in Latin America. Trading volumes in Venezuela, despite a global economic collapse being experienced, recorded of the highest volume with 85% of LocalBitcoin being traded in February 2019.

Coinhills provides data on the digital crypto exchanges and according to their crypto analytics, the use of Bitcoin as a national currency exchange is most commonly used in South Korea and third only to the USA and Japan.


Closing Of Digital Crypto Exchanges

Following an extended period of a declining market, one of the major crypto exchanges in South Korea, Coinest, closed its doors. The resulting move was an increase in the number of South Koreans using money that is commonly known as Fiat money. A description of Fiat money is money that basically has no value but is only worth something when held by the government which guarantees its worth.

The use of crypto investment showed an increase of 64% in 2018 as opposed to the corresponding period in 2017.


Use Of Localbitcoin Ceased

In mid-May, Iranian residents were denied the opportunity of using Localbitcoin following an announcement in Finland that these persons had failed to comply with the financial regulations of Finland. This coupled with the US imposed sanctions on Iran, resulted in the closure of this digital crypto exchange to Iranians.


Huge Funding Received For Blockchain-Based Invoice Exchange

 

Fintech firm Crowdz’ global invoice exchange has received a huge boost with the funding received from the United Kingdom-based Barclays and technology speculator, Bold Capital Partners. The funding received, according to a recent press release, is $5.5 million. There were other participating funders namely TFX Capital Partners, Techstars Ventures, and First Derivatives.

The purpose of this funding is designed to improve product development, boost sales and for human resources for Crowdz. The new technology will improve the efficiency of processing invoices. These processes will be digitized and automated.

According to the CEO of Crowdz, Payson E. Johnston, this improved efficiency will assist smaller and medium-sized enterprises by ensuring that payment is received more promptly which will, in turn, assist with improved cash flow. With this Crowdz Invoice Exchange, payment is received within a couple of days at rates more comparable to those available elsewhere.

The testing using blockchain mechanics has also been sued by Barclays in their efforts to simplify real estate deals and transactions. The platform used by Instant Property Network on behalf of Barclays was the Corda platform developed by R3 consortium.


Please note: insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
                                                                                                                     
 How to trade Bitcoin successfully:  https://insidebitcoins.com/trading/bitcoin    
                         

Sunday, May 26, 2019

XRP Trading: Following A Bull Flag Formation, XRP Price May Break



Ripple (XRP) Price Analysis – May 25

 

In the past few days of trading, XRP/BTC market has remained to trade in a downward wave as the XRP/USD market follows a side-way movement. Meanwhile, the third largest cryptocurrency has a market cap valuation of $16.23 billion with a trading volume of $1.4 billion, as price trades at $0.388 level.


XRP/USD Market

 

Key Levels:
Resistance levels: $0.42, $0.46
Support levels: $0.34, $0.30

XRP followed an upward movement after rising from the $0.3 in the past two weeks. The price increase saw the market through to the $0.48 before dropping.

Since then, the cryptocurrency has been trading on a side-way, respecting a wedge which has held price action for the past days.

As the market reaches a tight angle of the trend line, a price break may occur at either way. Above the wedge, the bulls may find resistance at the $0.42 and $0.46. Below the wedge, the price may drop to the $0.34 and $0.3 supports.

On the MACD, a bearish trend is suggested as the market plays below the indicator. The RSI is moving side-ways, revealing below the 50 level.


XRP/BTC Market

 

Against Bitcoin, XRP has flagged bearish on a medium-term trend as the market appeared subdued with choppy price action. This suggested that the sellers are gaining control of the market.

The bearish wave is shown on the 4-hours RSI, heading towards the oversold level.

At the moment, the price is shooting at the 4500SAT support. Below this support, the bears may locate support at 4200SAT. If a bullish surge occurs, we can expect quick test at the 5000SAT, 5400SAT and 5800SAT resistances.
The 4- hours MACD has crossed over down to the bearish zone due to the selling pressure in the market. As of now, we can say the XRP market is following a bearish scenario for now.


Please note: insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.


                                                                                                                     

Best brokers for 2019:  https://insidebitcoins.com/forex-brokers    

Wednesday, May 22, 2019

Binance Talks of Looming Margin Feature Could Have Positive Effect on Crypto Rally



Recently, Binance announced on its Twitter page with a post that showed 2.0 graphic. There were no words with the post, just an image that was accompanied by a section of the logo of Binance. Now the question that many are asking is that precisely what does the graphics mean if it has any meaning at all.

Signs of What to Come

 

If you will believe Filb Filb, Alex Kruger and others, the tweet is pointing to something stimulating. It is pointing to the likelihood that the company is going to release its margin trading soonest. This is an innovative graphical user interface and other packages that its subscribers have been eagerly expecting.

At this point, it becomes imperative to take a deeper look at the expectations for margin trading, which implies that the subscribers can make the best of their transactions. During a question and answer session after the notorious $40 million hacks, Binance’s representative Changpeng Zhao answered questions relating to the future. These questions sought answers regarding the plans of Binance for its long list of products.


Swirling Rumours

 

In answering concerning the rumors disturbing those who want to buy Binance coin that the exchange wants to release margin trading for bitcoin and other well-known digital assets, an insider made a clarification. The clarification confirmed the fact that Binance truly had plans in place to release margin trading for real.

CZ went on to narrate that the engineers at Binance were already carrying out beta testing for the product. He also added that leverage support would also be made available to ‘large traders’ whom the exchange has dealt with. Therefore, in cases were bugs pop up, such bugs are going to be fixed. CZ believes that as soon as the hitches related to margin trading are sorted, the feature can be released to the customers of Binance in some selected areas, he also stated that the coding of the package is already complete.

This revelation that margin trading, which Binance first noted in its seminal publication, will be released in a matter of days after a Reddit user leaked the information of the ‘isMarginTradingAllowed’ Boolean in Binance’s API is possible in nine pairs. Some of these pairs include TRX-BTC, ETH-BTC, BTC-USDT, BNB-BTC, and others.

Even though this is not a specifically bullish move, experienced analyst Filb Filb announced to his followers on Telegram that this feature is precisely what is needed for a bull run. He made it clear that this new launch from Binance can positively influence Bitcoin and other cryptocurrencies sooner or later.

Even though some are absolutely cool with the Binance launching margin, because it can draw more investors to the trading platforms, others are not so sure it will have any positive impact. Prominent crypto researcher Willy Woo highlighted the fact that blockchain data reflects something else in the negative and that the optimism should be reconsidered. So in summary, there are two camps, there are those who believe it will be for the better while others believe it will lead to more complications.


Please note: insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.


Best brokers for 2019:  https://insidebitcoins.com/forex-brokers    

Sunday, May 19, 2019

Exxon Mobil starts a bearish movement


Exxon Mobil shares (NYSE:XOM) have started a bearish movement, which follows the recent bullish effort. The bearish movement is expected to become more and more significant over time.

After the dip of December 2018, price rose significantly, moving towards the resistance level at 90.00. Price reached the peak in April 2019, and then began to nosedive.


 The market has now gone below the lower Trendline, and at the same time, the RSI period 14 is very close to the level 30. This is a clean bearish signal.

XOM is expected to test the support levels at 70.00, 65.00 and 60.00 within the next several months.


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Trading realities: Trading realities 
  

Buy and sell Perfect Money/Payeer/Epay; get funded quickly: www.ituglobalfx.com.ng


Alibaba Group now in a precarious situation


Alibaba Group stock (NYSE:BABA) is now in a precarious situation. The stock really made genuine bullish effort in recent times, but bear has come in to overpower bull, and things are now experiencing some downturn.

From January 2019 to early May, price was going northwards; but further northwards movement has been rejected as price has come downwards.

4 EMAs are used for this analysis and they’re EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left part of the chart.

Until now, the EMAs were sloping upwards, and as a result of the recent bearishness in the market, the EMAs 10, 20 and 50 are now pointing downwards. As price has also dropped below the EMA 200, a Death Cross is expected soon, in case price stays below the EMA 200.

All these point to a possible continuation of the ongoing downtrend in the market, which may eventually lead to a confirmed bearish trend. Yes, things on BABA look really precarious.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Trading realities: Trading realities 
  

Buy and sell Perfect Money/Payeer/Epay; get funded quickly: www.ituglobalfx.com.ng

Forex Trading: BCOUSD (Brent Crude Oil) Price Broke Out at $70, Targeting $79 Level


 

BCOUSD Price Analysis – May 19

The last weekly candle closed bullish; which implies that Brent crude Oil may further increase in price and target supply level of $79 as long as the Bulls increase their pressure.


BCO/USD Market

Key levels:

Supply levels: $79, $87, $98
Demand levels: $70, $64, $58, $49


BCOUSD Long-term trend: Bullish

 

Brent Crude Oil is bullish on the long-term outlook. The Bulls were able to push the Brent Crude oil price above the $70 former demand level. Immediately after the breakup, the Bulls lost its momentum to push up the Brent Crude Oil price further. Likewise, the Bears have not got enough pressure to push down the price; this led to consolidation at $70 levels in the Brent Crude Oil Market. For more than four weeks the price has been ranging on the $70 levels, last week was not exempted.

The Brent Crude Oil price is trading above the two EMAs. The 21 periods EMA is crossing over the 50 periods EMA upside. The stochastic Oscillator period 14 is at 75 levels and the signal lines bending down to indicate sell signal. The last weekly candle closed bullish; which implies that Brent crude Oil may further increase in price and target supply level of $79 as long as the Bulls increase their pressure.


BCOUSD medium-term Trend: Bullish

On the daily chart, Brent Crude Oil is on the bullish movement. On the daily chart, Brent Crude Oil was ranging at $70 level last week. The price was supported by the dynamic support level of 50 periods EMA. The price reversed with the aid of the Bulls’ pressure. The price is currently placed above the $70 level.

The BCOUSD price continues trading above the 21 periods EMA and 50 periods EMA. The Stochastic Oscillator period 14 is above 50 levels with the signal lines pointing up to indicate buy signal in which the BCOUSD price may reach $79 level.


Please note: insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.



Best brokers for 2019:  https://insidebitcoins.com/forex-brokers   

Thursday, May 16, 2019

NEM Trading: XEM Boomed To $124 After Surging 50%, The Buyers Are In Play



NEM (XEM) Price Analysis – May 16

 

In the past five days of trading, NEM market has been maintaining an upward movement, gaining 150% after rising from $0.048 low. As of now, the cryptocurrency holds a market cap valuation of $897.6 million. However, the XEM markets trend in the same direction.


XEM/USD Market

 

Key Levels:
Resistance levels: $0.11, $0.124
Support levels: $0.08, $0.06

On May 10, the XEM market followed an upward movement after a reversal which saw the price action to the $0.124 level before plunging. A further bearish play may plummet price to $0.08 support. Beneath lies the $0.07 and $0.06 levels. The token is currently trading at around $0.095 level.

Since the market started to climb, the blue 21-day moving average has been supporting the market. As the bulls continued to gain control of the market, we can expect the next buying pressure at $0.11 and $0.124 resistance levels.

Considering the 4-hours MACD, XEM is revealed to be following a positive move. More so, the 4-hours RSI has been positioned in the oversold condition, attempting to fall.


XEM/BTC Market
Following the medium-term bearish move, XEMBTC double bottomed price at the 740SAT price level before crossing up the blue 21-day moving line yesterday, lasting the momentum to the peak of 1500SAT before a drop to 1100SAT. The positive move can be seen on the 4-hours MACD and RSI.

Currently, the RSI has reached the overbought area, ready to drop. The close support for a possible decline is the 1100SAT, 1000SAT and 900SAT levels. However, the bulls are in play. The next upward movement could propel price to revisit the 1400SAT and 1500SAT resistance levels.

Meanwhile, the MACD is still pointing higher at the positive zone. We can expect more price increase in the next few hours of trading. Break the 1500SAT surge level, the market may record another price level. For now, ETHUSD remained in a bullish trend.


Please note: insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.


How to trade Bitcoin successfully:  https://insidebitcoins.com/trading/bitcoin    
                         

Sunday, May 12, 2019

Bitcoin Trading: BTC Surged to $7000, Heading To $7800 Level?




Bitcoin (BTC) Price Analysis – May 11

Bitcoin’s momentum has been fast trending higher since the April 2 price increase which confirmed a bullish dominance for the market. As of the time of writing, BTC is trading around $6700 after surging to $7k earlier today. We can expect a further high level to be touched in future trading. If otherwise, BTC may retrace to the previous support.

BTC/USD Long-term Trend: Bullish (1D chart)


Key Levels:
Resistance levels: $7400, $7800
Support levels: $6400, $6000

In our last analysis, we have predicted the next possible highs ($6400 – $6800) for Bitcoin and as of today, BTC price has touched $7000 area following the current positive move in the market. The scenario occurs as a result of a bullish breakout which pushed the bulls to a new level of $7000 after breaking yesterday $6400 level.

Now, the price action is now floated above the rising wedge as $7400 – $7800 resistance lies ahead for the buyers. Meanwhile, there’s a need for the market to retest the break level of $6400 and perhaps $6000 before resuming the green momentum.

The daily RSI is overstretched as the price is solidly supported by the 75 and 50 levels. Currently, the BTC market is positive on the daily MACD

BTC/USD Medium -term Trend: Bullish (4H Chart)

Bitcoin is slowly retracing on the 4-hours chart, trying to retest the previous support area before the bullish continuation. After following the new yellow line on May 29 at $5150 level, BTC market has gained approximately 30% in just twelve days of trading. Howe Today, Bitcoin hit $7000 level as it could further visit $7200 – $7400 area sooner or later. The bullish scenario can be pictured on the 4-hours MACD. In the case of a bearish move, the RSI should be facing down after breaking its yellow ascending line which has been serving as a support for the market.

The close-by support level for the sellers is $6500 – $6400 area. Potentially, the $6250 and $6000 may further be visited.


Please note: insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.



Best brokers for 2019:  https://insidebitcoins.com/forex-brokers    

Wednesday, May 8, 2019

BNB Trading: The Sellers Are in Control, Can The Buyers Regain Momentum?



Binance Coin (BNB) Price Analysis – May 8

For the past two weeks, Binance Coin trading has been trending below the last high due to the supply forces in the market. As a result of this, the sellers appeared to be gaining control of the market. If the buyers manage to position trade above the channel, the BNB market may resume a positive move.

BNB-USD Market

Key Levels:
Resistance levels: $24, $26
Support levels: $19, $17

The best-performing cryptocurrency appeared to be losing control of the market as price remains low since it labeled the all-time high on April 20. Currently, BNB maintains a slope movement while trading within a channel. The actual scenario could be revealed on the 4-hours MACD which now plays bearish.

As confirmed on the 4-hours RSI which is reflected at the oversold level, a possible drop is likely to bottom at $19 support and possibly $17 level. This could position the BNB market in a bearish scenario. In the opposite direction, a swing high is possible at $24 and $26 resistance level.

However, if the buyers managed to sustain price significantly above the $26, a new price may be established around a tight area of $28 – $30 levels.


BNB-BTC Market

On April 11, Binance Coin climbed to reach the 0.0048BTC before plunging in a channel. Earlier today, the selling pressure hit the last month rise level of 0.0034BTC testing the lower channel. After retouching the mentioned level, the market rebound and formed a pin bar candle – a signal for a bullish move. A retest is likely at 0.004BTC before resuming the rally.

Meanwhile, the potential support for the next rally can be expected at around 0.0032BTC level. Now, the bearish scenario is revealed on the 4-hours MACD; reflecting the supply forces in the market.

Furthermore, the 4-hour RSI is significant at the oversold condition; confirming a strong selling pressure. However, a notable break above the channel may set the market in a bullish trend. for now, Binance Coin is obviously following a bearish sentiment against the Bitcoin market.


Please note: insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.


How to trade Bitcoin successfully:  https://insidebitcoins.com/trading/bitcoin    
                         

Sunday, May 5, 2019

New paper finds that Twitter, Google Trends can help predict crypto price fluctuations





The Southern Methodist University recently put out a research paper that found a couple of standout facts regarding the cryptocurrency industry. Most notable is the finding that tweet count and Google search trends can help predict when crypto prices are about to change.

Correlation is key

That’s right. As reported by Bitcoinist, the paper notes that despite the volatile market and prices regarding Bitcoin and Ethereum, it’s possible to predict potential changes when factoring in user sentiment:

“Twitter is increasingly used as a news source influencing purchase decisions by informing users of the currency and its increasing popularity. As a result, understanding the impact of tweets on price direction can provide a purchasing and selling advantage to a cryptocurrency user or a trader. By analyzing tweets, we found that tweet volume, rather than tweet sentiment (which is invariably overall positive regardless of price direction), is a predictor of price direction.”

Of course, the paper uses Bitcoin and Ethereum because of the popularity of the two. Cryptocurrency wallets are full of these assets, and companies are consistently trying to make Bitcoin trading much easier than it has been. These currencies are tweeted about the most often, hence they make a great model for studying.

However, the University made sure to tie this in with another big source, Google Trends:

“By utilizing a linear model that takes as (sic) input tweets and Google Trends data, we were able to accurately predict the direction of price changes. By utilizing this model, a person is able to make better informed purchase and selling decisions related to Bitcoin and Ethereum.”


How accurate are these findings?

 

Interestingly, in their research, the group found that “sentiment analysis is less effective for cryptocurrency price changes in an environment in which prices are falling”. This is because tweets about crypto and blockchain tend to lean towards the positive side or are neutral.

Cryptocurrencies are not mainstream. Those who tweet about them generally have a “special interest” in the technology which is why you don’t see much negativity within them. Put simply, it is then the number of tweets, not so much the emotions within them, that alter cryptocurrency prices.

Of course, one has to account for bots on Twitter. There are all sorts of fake Twitter accounts within the cryptocurrency space – some of which promote Bitcoin robot scams. Regardless, it’s not always clear when an account is a bot, meaning their tweets will still factor into the reception of cryptoassets.

As for the results, the team found that Google Trends searches for Bitcoin and Ethereum would jump up before prices did the same. The same happens with Bitcoin and tweets regarding it.

These findings may seem obvious, but they show that user interest can in fact change crypto prices, rather than the common belief that tweets and online discussion follow price changes.


Please note: insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.



Best brokers for 2019:  https://insidebitcoins.com/forex-brokers    

Amazon gaps up. Buy and buy more


Amazon shares (NASDAQ:AMZN) have gapped up as a result on an ongoing strong buying pressure in the market. This is a trend that is supposed to continue for most of this year.

Price reached a significant low in December 2018, and then rose up, only to trade sideways later. The sideways movement ended in March 2019 as price assumed a new lease of bullish movement, which remains in place till now.


The market is currently above the EMA 21, and the Williams% Range period 20 is in the overbought territory, and that reading will remain in place. The Williams’ % Range may temporarily leave the overbought territory, but it would eventually return there.

The outlook on AMZN for this year is bullish. Yes, there may be pauses along the way (even transitory reversals, but bulls will win overall.



Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Trading realities: Trading realities
  

Buy and sell Perfect Money/Payeer/Epay; get funded quickly: www.ituglobalfx.com.ng

                                               


The bullish movement on Microsoft to continue


Microsoft stock (NASDAQ:MSFT) has recently gapped up, while trending upwards slowly and steadily. Since December 2018 till date, the market has assumed a very strong bullish stance.

The ADX period 14 is above the level 40, meaning the momentum in the market is currently strong. The DM+ is above the DM-, meaning the domination of bulls. The MACD default parameters, has both its signal lines and histogram above the zero line. The signals lines are particularly far above the zero line.


The gap up comes as a result of a strong buying pressure.

All the above points to a strong Bullish Confirmation Pattern. While there may be a temporary reversal in the market, the outlook on MSFT is very, very bright. The bullish trend is thus expected to continue for most pert of this year.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Trading realities: Trading realities 
  

Buy and sell Perfect Money/Payeer/Epay; get funded quickly: www.ituglobalfx.com.ng

Wednesday, May 1, 2019

Bitcoin Trading: Steady Bitcoin Pumps a Slight Recovery in Top 20 Altcoins



Bitcoin (BTC) Price Analysis – April 30

 

The recent steady movement in Bitcoin price was as a result of low volatility in the course of the last five days of trading which had tightened trading between the range of $5100 and $5300. However, a surge in volatility is expected to determine the next ultimate direction of the giant crypto.


BTC/USD Long-term Trend: Bullish (1D chart)

Key Levels:
Resistance levels: $5600, $6000
Support levels: $4800, $4500

From the long-term perspective, we had seen how Bitcoin managed to crawl above the green trend-line before the notable spike in early April which has floated price above the $5000 level. After the sudden price increase, BTC has flagged up with steady movement in the channel.

Last Thursday, Bitcoin dropped to $5000 from the $5600 high level. Since then, the market has been trading below $5400 till this moment with choppy price action. While indecisive, we may experience another surge in volatility which could take Bitcoin to the next phase.

The RSI is currently indecisive. A downward direction may lead to a bearish breakout. Below the channel lies a tight range between $4800 and $4500. The 4-hours Stochastic RSI suggested BTC to be bearish.


BTC/USD Medium -term Trend: Bullish (4H Chart)

 

After the April 2 sudden price surge, Bitcoin has remained in the ascending channel. Though, nothing much has changed since the leading cryptocurrency poised $5600, the current resistance. For the past five days now, Bitcoin’s volatility has been relatively low. As a result of this, the market appeared indecisive with choppy price action.

Sitting on the lower trend line, below the channel lies $4900 and $4700 support. On the upside, the market may retest $5500 and $5600 resistance levels, where the upper trend line lies. Above this channel, Bitcoin could create a new high around $5800 and $6000 levels.

The 4-hours RSI is rising above the 40 level. A further incline may project BTC price at $5500. Significantly, the 4-hours Stochastic RSI lies close to the overbought territory.


Please note: insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.


How to trade Bitcoin successfully:  https://insidebitcoins.com/trading/bitcoin