Key Points Bitcoin price recovered recently, but it failed to move above the $16,400 resistance against the US Dollar. There is a crucial bearish trend line forming with current resistance at $14,200 on the 4-hours chart of BTC/USD (data feed from SimpleFX). The pair recently broke a connecting bullish trend line at $13,500 and made… View Article
Archives for December 30, 2017
- Bitcoin price recovered recently, but it failed to move above the $16,400 resistance against the US Dollar.
- There is a crucial bearish trend line forming with current resistance at $14,200 on the 4-hours chart of BTC/USD (data feed from SimpleFX).
- The pair recently broke a connecting bullish trend line at $13,500 and made a downside move.
Bitcoin price is currently under pressure below $15,000 against the US Dollar. BTC/USD remains at a risk of more declines in the near term.
Bitcoin Price Decline
After a sharp downside move, bitcoin price recovered nicely above the $15,000 level against the US Dollar. The price even traded above the $16,000 level. However, buyers failed to move above the $16,500 level and the 100 simple moving average (4-hours). A downside move is initiated and the price has moved below the 23.6% Fib retracement level of the last wave from the $10,688 low to $16,384 high.
There is currently a lot of bearish pressure on bitcoin and the price is trading below $13,500. There was also a break below the 50% Fib retracement level of the last wave from the $10,688 low to $16,384 high. During the downside move, the price broke a connecting bullish trend line at $13,500 on the 4-hours chart. It has opened the doors for more declines below $13,000 in the near term.
On the upside, there is a crucial bearish trend line forming with current resistance at $14,200 on the 4-hours chart of BTC/USD. The pair might continue to decline and it could even break the 76.4% Fib retracement level of the last wave from the $10,688 low to $16,384 high. Any recoveries from the current levels toward $14,000 remains a short-term sell opportunity.
Looking at the technical indicators:
4-hours MACD – The MACD is currently in the bearish slope.
4-hours RSI (Relative Strength Index) – The RSI is currently well below the 50 level.
Major Support Level – $12,000
Major Resistance Level – $14,000
Charts courtesy – SimpleFX
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Erik Finman, the teenage Bitcoin millionaire, plans on creating the ‘world’s best university’ in the city of Dubai to combat outmoded teaching methods. Most of the time when a person decides to head down the path less traveled, it usually ends in disaster. Yet there are times when a person perseveres and then prospers. Such… View Article
BCDiploma is presenting a breakthrough proposition by making the best of Ethereum to offer a world-beating one-click diploma and data certification service. BCDiploma is an innovative framework that allows to certify data and share it through a simple URL link. 10 good reasons to contribute to the BCDiploma’s presale ICO and to not miss the… View Article
BCDiploma is presenting a breakthrough proposition by making the best of Ethereum to offer a world-beating one-click diploma and data certification service. BCDiploma is an innovative framework that allows to certify data and share it through a simple URL link.
10 good reasons to contribute to the BCDiploma’s presale ICO and to not miss the 20% bonus
#1 Market fit for diploma authentication
Schools and universities face increasing degree falsification and forgery worldwide. All stakeholders in the education field are willing to offer their graduates an innovative digital tool aimed at defending their brand. HR professionals are also eager to have a reliable way to check a candidate’s diploma.
#2 A strong Token
BCDiploma’s token, BCDT, is the fuel of BCDiploma’s ecosystem. Entities, schools, universities and other BCDiploma partners will require tokens to use the service. For each and every certified data issuance, the BCDiploma smart contract will burn a percentage of BCDT tokens automatically.
#3 Expert team
Founders have 10+ years of experience in the education software market and know exactly what schools are expecting and how to meet their requirements.
#4 Schools / universities ready for adoption of a blockchain degree authentication service
Renowned schools and universities are following technological evolutions to avoid forgery and degree counterfeiting. We are aware of their concern, and have taken as our mission to bring a solution adapted to the issues they’re facing as fake certifications are strongly hurting their reputation and business.
#5 Data First technology
BCDiploma is not based on hash technology to authenticate the diploma. Instead, its innovative technology stores the the diploma’s data directly in the blockchain and certifies the school’s identity on Ethereum.
#6 Blockchain as a service
BCDiploma offers schools and universities a turnkey solution and a transparent access to blockchain technology. No specific blockchain knowledge is required to use the service.
#7 Forever available
BCDiploma’s DApps (blockchain specific decentralized applications) are open-source and the diploma content & data are stored on a public blockchain: therefore schools and universities are guaranteed to retain access to data and DApps forever.
#8 Open to anyone and cost-effective
Any entity can use the BCDiploma authentication service. The unit cost of each certification will be approximately $1.5, without a subscription or recurring fee. The service will be free for graduates and for anyone who consults the diploma, and will not require an ethereum address.
#9 Compliant with coming regulations
European General Data Protection Regulation (GDPR), which will become enforceable by in May 25, 2018, is now the new reference text on personal data protection, and will become applicable globally. The innovative solution developed by BCDiploma is already compliant with this new regulation.
#10 It is just the beginning…
BCDiploma is the first use case of the EvidenZ framework, designed to certify all kinds of data: certificates of competence, diplomas, certificates, professional registers, administrative data. The fields of application are countless, and EvidenZ’s simplicity of use aims to set it as the standard of certified data.
In a nutshell, BCDiploma’s presale ICO is a unique opportunity to take part of the certified data bright future with a 20% bonus. Presale is running and will end on January, 18th.
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Today, the founders of TravelFlex cryptocurrency announced, that the ICO of the project will continue until 12th January 2018 23:59 GMT. TravelFlex is a product for global travelers, based in blockchain technologies, developed by a Hong Kong based company. During this round, the company is offering to sell 95M TravelFlex coins $0.28 each for funding… View Article
Today, the founders of TravelFlex cryptocurrency announced, that the ICO of the project will continue until 12th January 2018 23:59 GMT. TravelFlex is a product for global travelers, based in blockchain technologies, developed by a Hong Kong based company.
During this round, the company is offering to sell 95M TravelFlex coins $0.28 each for funding the project. Funds raised by the ICO offering will be used to develop the blockchain further and to establish additional traveller-specific services to facilitate the growth of traveling industry.
TravelFlex is a working coin and not a token. It’s a coin that can be actively mined and it runs on its own decentralized network, it will be listed on exchanges straight after the ICO.
Don’t be confused by the name Travelflex since the coins can be used for almost anything payment related, not just traveling.
According to estimations used by the founders, the amount of global nomads and travelers will be counted in billions by 2020. TravelFlex ICO round is now open for investors to claim their share on essential financial tools and services for global travelers, based on decentralized blockchain technologies.
- ATM Card for global low-cost cash withdrawals
- Social networking and payment features for fellow travelers
- Escrow services for advance booking of travel services, like hotels
- 24/7 live support
- Printable traveler-check alike TravelFlex checks
- Mobile application for financial transactions and social networking
This investment round is a unique opportunity to claim your share on the next generation cryptocurrency. Most of the TravelFlex services are scheduled to be deployed and in full use by the end of the year 2018.
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NTOK.io has created a new platform for delivering education opportunities across the globe. Why is that worth mentioning? The brand-new model, based on blockchain technologies, could help the project to get a fair share of the fast-growing online-education market.
The service enables students to get in touch with tutors for online teaching or training sessions, which is a perfect alternative for language of programming courses. Of course, the direct peer-to-peer model does not completely removes the need for commercial schools, study centers, and tutoring agencies, but for a lot of people this could be a perfect option, which makes education more affordable and accessible.
This couldn’t come at a better time as EdTech spendings will reach $252 billion by 2020. Online tutoring remains an untapped market, with only 3 to 5% of all tutoring taking place over the internet. NTOK.io is poised to reverse this with their unique service and ecosystem. No other company is offering live one-on-one tutoring and customized licensed content built on blockchain technology.
NTOK.io CEO, Andrew Kravets, Alfa Bank and McKinsey alumni, has aspirations to “change education globally, with a focus on moving it from offline to online.”
The technology is pretty simple. The blockchain architecture allows for a safe and secure experience, providing a system with 100% trustworthy ratings and reviews and a built-in cryptocurrency known as ‘ninja tokens’ or NTOK. The tokens can be exchanged for tutoring services on the platform, used for incentives and bonuses or traded for other well-known cryptocurrencies such as Bitcoin or Ethereum.
NTOK’s Initial Coin Offering (ICO) investment is set to begin on Jan 15, 2018 and end a month later on Feb 15, 2018. During this period, they will be offering promotional bonus tokens that have 10% the value of any investment amount.
We expect this promotion will help them reach the minimum ICO cap of $15 million. The team has managed to enlist the support and endorsement of several high-caliber advisors, including David Goldsmith of the Goldsmith organization. At a recent ‘Future of Robotics’ talk, Goldsmith was quoted as saying “We are not educating people fast enough to catch up to new knowledge.” This is the core problem that the team is addressing.
“David brings over 30 years of global expertise to the project. We’ll also have an opportunity to take advantage of the vast experience of his team. We’re looking forward to tapping into his expertise derived from consulting projects for many renowned educational institutions,” explained Maxim Shekhovtsov, the CFO of NTOK.io.
“Our model is innovative, but we recognize that incorporating the learnings of traditional educational institutions, as well as overall business best practices from more mature corporate players, will help us position NTOK.io as a trustworthy and globally-oriented education service provider,” added Shekhovtsov.
Other prominent advisors to NTOK.io include ICOBox CEO Mike Raitsyn and Susanne Morgan, Ph.D., a Professor Emerita of Sociology.
Susanne Morgan believes that “the global nature of the learning environment is something that, in the US or China, people are hurrying to catch up with. Institutions like brick and mortar colleges would invest in this for their students because they know their students need individual help, and institutions aren’t always able to supply it without great cost.”
The alpha version of the NTOK software has been successfully trialed and the beta version launch is planned for June 2018.
To find out more about the NTOK ICO and details of the 10% token promotion please visit https://ntok.io/ or email <email@example.com>
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- ETH price is trading in a range below the $715 resistance area against the US Dollar.
- There is a major contracting triangle forming with current support at $665 on the 4-hours chart of ETH/USD (data feed via SimpleFX).
- The pair might soon make the next move and either break $715 or trade below $665.
Ethereum price is consolidating in a range against the US Dollar and Bitcoin. ETH/USD may soon attempt the next upside break above $715.
Ethereum Price Resistance
After a nasty decline below the $500 level, ETH price started an upside recovery against the US Dollar. The price formed a base above $475 and started correcting higher. It traded above the 50% Fib retracement level of the last major drop from the $865 high to $475 low. It traded with a positive bias and even managed to settle above the $600 level.
However, there was no proper daily close above the $700 level. The price also struggled to move above the 100 simple moving average and $740 on the 4-hours chart. On the positive side, the pair almost tested the 76.4% Fib retracement level of the last major drop from the $865 high to $475 low. Therefore, there are chances of ETH resuming its upside wave sooner or later above the $740 level. At the moment, it seems like there is a major contracting triangle forming with current support at $665 on the 4-hours chart of ETH/USD.
The pair might make the next move either above the $715 level or below the $665 support. A proper 4-hour close above $715 and 100 SMA could ignite a sharp upside move in ETH/USD. On the flip side, a break below the $665 support may call for declines toward $600 and $560.
4-hours MACD – The MACD is moving to and fro in the bullish zone.
4-hours RSI – The RSI is currently just below the 50 level with minor bearish signs.
Major Support Level – $665
Major Resistance Level – $715
Charts courtesy – SimpleFX
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About half a year ago, SEC released an investigative report concluding that DAO Tokens were securities. Since then there have been a number of high profile cases reinforcing this classification world-wide – UIP, LLToken, CCC, and HMS had to issue refunds to the ICO purchasers in China, Protostarr closed up shop, REcoin and DRC World were charged with fraud and so on.