Tuesday, 9 January 2018 Zug, Switzerland. Following its successful ICO, in which over $31 million was raised from nearly 15,000 participants, and on the eve of the start of trading on OKEx & HitBTC, trade.io is outlining its future plans and timelines of its exchange and liquidity pool. As will be emphasized in the following… View Article
Archives for January 9, 2018
Tuesday, 9 January 2018 Zug, Switzerland. Following its successful ICO, in which over $31 million was raised from nearly 15,000 participants, and on the eve of the start of trading on OKEx & HitBTC, trade.io is outlining its future plans and timelines of its exchange and liquidity pool. As will be emphasized in the following summary, trade.io is completely committed to ensuring its clients and Trade Token holders are always at the forefront of any of its initiatives and procedures. We will always put the customers’ interests first and foremost. The Trade Token (TIO) will be listed on 11 January on the OKEx and HitBTC exchanges. We will be announcing additional exchanges in the near future in which Trade Token will be listed.
trade.io intends to have and is actively seeking multiple licenses in an effort to adhere to multiple regulatory regimes around the globe. Currently in its scope are presences including but not limited to in Gibraltar, Singapore, Malaysia, South Africa, Japan and Switzerland. The experienced management of trade.io understands the need to have various licenses to ensure its in the best possible position to service its clients in the most compliant manner possible.
It’s not uncommon for crypto exchange customers to experience lengthy support wait times of up to a week plus, and sometimes no reply at all. trade.io feels this unacceptable and as a result will be introducing a strict “24 Hours or Less” policy. This means that each and every inquiry will receive a personal response within 24 hours of submission, and will have 24/7 service via email, live chat, and of course our popular Telegram channel. The trade.io customer support management team has over a decade of experience, and has developed a revolutionary training method, to make the team not only educated in the product, but also quickly scalable to deploy over a hundred + customer support reps at a time.
Education & Seminars
Through its analysis trade.io has found the educational aspect of crypto currencies is severely lacking and is committed to changing it. trade.io will be holding face to face seminars throughout the globe where its traders can learn about crypto currencies and how to trade them. Additionally, there will be weekly online seminars where trade.io clients can participate and ask questions.
Platform & Release Timing
trade.io clients will be using one of the most user friendly & safe crypto trading exchanges on the market. In addition to multiple safety protocols like the utilization of 2FA & Google Authenticator for withdrawals, the entire construction of the platform is being overseen by leading online security experts. The exchange will be fully scalable and robust, meaning it will be able to handle a continuous mass influx of customers, and be able to handle even the most voluminous times during volatile markets.
The current estimated time of delivery for the trade.io exchange and liquidity pool is the middle to late March, 2018. trade.io will be releasing sneak peaks at its platform and functionality overviews over the next couple of weeks, and will let a few lucky Trade Token holders the ability to “try” out the BETA version of the platform in mid to late February.
trade.io democratizes the financial markets and saves money for investors and companies through reducing and eliminating fees and inefficiencies by utilizing its innovative Blockchain trading platform. Disrupting a whole ecosystem of banks, advisors, markets, and record keepers which are extracting fees and can be disintermediated and commoditised by more efficient peer-to-peer Blockchain platforms. The trade.io exchange not only supports trading of assets, but supports a more efficient listing of assets in the crypto economy under the indelible and trusted history that Blockchain provides. The company couples these operational assets with investment banking experience, senior advisory expertise, as well as operating their system in a regulated and compliant environment.
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If you were expecting fireworks this week, then you must be disappointed more so if you’re a Lumens trader. From the chart, it looks like Lumens sellers are on the driving seat preventing prices from recovering.
But, that is not the only suppressed pair. We can read the same script in NEM, IOTA, XMR and LTC even after yesterday’s encouraging double bar reversal pattern at key Fibonacci levels across the board.
Our previous buy triggers are still intact but let’s wait and see what today brings.
Let’s have a look at other alt coin charts
NEM PRICES ARE FLAT
24 hours later and NEM prices remain flat and boring! Yes boring especially if you have been waiting patiently waiting for prices to dip if buyers are not willing to push prices higher.
That is often the test of traders. Patience! But will it disappoint buyers? That also depends but the 50% Fibonacci retracement at $1.46 is where I’m watching while not forgetting the main support line at $1.36.
Any close below these two levels and we may as well forget about longs. On the flip side, if NEM buyers trigger our limits and convincingly close above $1.62, this week might end up as bullish and confirm the general trend.
LUMENS SELLERS PUSHING PRICES LOWER AS BUYERS SET TRIGGERS AT $0.7
Compared to last week’s price action, Lumens is on a down trend but then it is good news for buyers.
You may ask why? But before that, look at last week super humongous bull candlestick that obliterated several resistance levels as defined by the Fibonacci extension tool.
Often, such types of candlesticks can be very disappointing especially for folks who bought at tops. In my opinion-and this is my recommendation, bulls might bounce back but that is very conditional.
I need to see movement and that can only be guaranteed by a close above $0.70 which from the chart is the 38.2% retracement level. Before then, just back off and wait.
CLOSE BELOW $3.3 IS INVITING FOR IOTA SELLERS
I’m now certain of one thing: bear pressure. However, without getting too attached with the overall IOTA rally—it get addictive sometimes, any dip AND close below $3.3-a strong support line in the daily and weekly time frame invalidates our long projections.
It’s no secret that with the rapid expansion of IOTA, there is need of fine tuning entries. I admit, long term traders are late because at current prices, IOTA prices are at a cross roads.
Will it resume trend or dip towards the equalizer-the middle BB? That is what is left to time and on our part, we play the patience game unless otherwise. For now, let’s trade according to trend.
MONERO HIGHER HIGHS WITH SUPPORT AT $400
Yesterday, Monero buys kept prices from sinking below $400 and that level qualifies as our short term support.
It’s not hard, buyers begun buying from $350 and at the moment, they are up $70 and moving as per last week’s trend.
If Monero prices surge past $445, then Monero is most likely to test $530 according to Fibonacci extension levels from last week’s high lows.
Otherwise, any price ceiling and we might see prices testing middle BB and dipping back towards the 38.2% Fibonacci level at around $380.
WITH LTC CONSOLIDATING, BUY TRIGGERS AT $270
LTC prices are moving within a really tight range.
Even though the recent dip from $300 is good for buyers, the tepid volatility is a toss as we wait for a break out above $255 and perhaps a move towards $270.
Because of this, today we will be watching price action and any depreciation below $230 invalidates our intra-week bull expectations.
All charts courtesy of Trading View
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If you were expecting fireworks this week, then you must be disappointed more so if you’re a Lumens trader. From the chart, it looks like Lumens sellers are on the driving seat preventing prices from recovering. But, that is not the only suppressed pair. We can read the same script in NEM, IOTA, XMR and… View Article
Cheap and abundant electricity, cold weather and a stable political climate are making the Canadian province attractive to bitcoin mining operators.
- ETH price is moving higher and it recently broke the $1300 level against the US Dollar.
- There was a break above a major contracting triangle pattern with resistance at $1260 on the hourly chart of ETH/USD (data feed via SimpleFX).
- The pair might continue to move higher, and it could even test the $1400 level in the near term.
Ethereum price is surging higher against the US Dollar and Bitcoin. ETH/USD is now above $1300 and is eyeing a break toward the $1400 level.
Ethereum Price Upside Move
There were continuing gains in ETH price as it managed to move back above the $1200 level against the US Dollar. The price after a correction started a new upside wave and traded above the last high of $1222.46. The upside move was strong as the price was able to move above the $1300 level as well. More importantly, there was a break above the 1.236 Fib extension of the last minor decline from the $1242 high to $1120 low.
The current upside wave is positive and the price recently traded as high as $1318. During the upside, there was a break above a major contracting triangle pattern with resistance at $1260 on the hourly chart of ETH/USD. Going forward, there are chances of more gains above $1318. At present, the price is trading around the 1.618 Fib extension of the last minor decline from the $1242 high to $1120 low. If the current momentum stays intact, there is a chance of a drift toward $1400 in the near term.
On the downside, the broken resistance at $1260 may act as a support. Below the $1260 support, the price could test the $1220 support area in the near term.
Hourly MACD – The MACD is showing a lot of positive signs in the bullish zone.
Hourly RSI – The RSI is heading higher toward the 75 level.
Major Support Level – $1260
Major Resistance Level – $1400
Charts courtesy – SimpleFX
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Key Highlights ETH price is moving higher and it recently broke the $1300 level against the US Dollar. There was a break above a major contracting triangle pattern with resistance at $1260 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair might continue to move higher, and it could even test the… View Article
Bitcoin Price Key Highlights
- Bitcoin price appears ready for another selloff as price has formed a head and shoulders pattern on the 1-hour chart.
- Price has yet to break below the neckline around the $14,000 major psychological support.
- The chart pattern is approximately $3,000 tall so the resulting drop could be of the same height.
Bitcoin price is forming yet another selloff signal on a short-term time frame, but technical indicators are looking mixed.
Technical Indicators Signals
The 100 SMA is still above the longer-term 200 SMA on this time frame to suggest that the path of least resistance is to the upside or that the rally could continue. However, the gap between the moving averages has narrowed significantly to show that a downward crossover and and pickup in bearish momentum is imminent.
A break below the neckline could take bitcoin price down to the $10,000-11,000 region next while a bounce could lead to a move up to $15,000 then the highs at $17,000.
Stochastic is pulling up from the oversold region to signal a return in buying momentum while RSI also appears to be slowly heading north as well.
Dollar demand has once again ticked higher on record high Treasury yields, as well as record closes for equity indices. Traders are now looking ahead to a positive earnings season scheduled to start on Friday, and these upbeat expectations are likely to be sustained as tax reform kicks in.
Meanwhile, bitcoin price continues to reel from the hesitation among ETFs facing SEC regulation. A couple of funds withdrew their applications, citing pushback from the financial watchdog. Direxion Shares ETF Trust secretary Angela Brickl wrote:
“On a call with the Staff on January 5, 2018, the Staff expressed concerns regarding the liquidity and valuation of the underlying instruments in which the Fund intends to primarily invest and requested that the Trust withdraw the Amendment until such time as these concerns are resolved. In response to the Staff’s request, the Trust respectfully requests withdrawal of the Amendment.”
This cryptocurrency is also losing ground to its altcoin rivals, as well as equities that are performing better.
The post Bitcoin Price Technical Analysis for 01/10/2018 – Small Reversal Signal appeared first on NewsBTC.
- Bitcoin cash price continues to trade in a range above the $2280 support against the US Dollar.
- Yesterday’s highlighted connecting bearish trend line with current resistance at $2430 is intact on the hourly chart of BCH/USD (data feed from Kraken).
- The pair has to close above the $2450-60 resistance levels to move back in the bullish zone.
Bitcoin cash price is trading in a range above $2280 against the US Dollar. BCH/USD could gain traction in the near term, but it has to break $2460.
Bitcoin Cash Price Support
There was a start to a new a short-term consolidation phase in bitcoin cash price above $2200 area against the US Dollar. The price was seen moving higher a few points toward the $2400 level, but it struggled to gain momentum. It seems like the 38.2% Fib retracement level of the last drop from the $2730 high to $2250 low prevented gains and an upside break.
More importantly, yesterday’s highlighted connecting bearish trend line with current resistance at $2430 is intact on the hourly chart of BCH/USD. The pair was seen continuously offered around the $2450 resistance and the 100 hourly simple moving average. There was also a spike towards the 50% Fib retracement level of the last drop from the $2730 high to $2250 low. However, there was no upside break and close above the $2450-60 resistance levels.
The pair has to move above the mentioned $2450-60 resistance area to gain traction. Once BCH moves back in the bullish zone above $2460, it could attempt a run towards the $2700 level. On the downside, the most important range support is around $2260-80, which must hold to contain losses.
Looking at the technical indicators:
Hourly MACD – The MACD for BCH/USD is struggling to move back in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is currently well below the 50 level.
Major Support Level – $2280
Major Resistance Level – $2460
Charts courtesy – Trading View, Kraken
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