Binance Coin (BNB) Uptrend Is Solid, Prices May Rally Ahead of WINk IEO

Binance Coin is down 2.1 percent in 24 hours
WINk, previous TRONbet, will be crowdfunding from the Binance Launchpad

The integration of the Kyber Network liquidity protocol with the Trust wallet is a bullish signal for investors. Furthermore, the crowdfunding of WINk from the Binance Launchpad will draw demand for BNB. At the time of writing, the coin is stable but down 2.1 percent in 24 hours
Binance Coin Price Analysis
Fundamentals
Months after acquiring the non-custodial Trust Wallet, Binance, the world’s largest exchange by adjusted trading volumes, is now integrating it with the Kyber Network Protocol. The wallet, which is completely open-source and decentralized, initially offered native support for Ethereum (ETH) and related ERC-20 compliant tokens.
However, upon acquisition, Binance extended the number of supported cryptocurrencies. The exchange further plans to list tokens with proof-of-stake consensus algorithm. That’s on top of introducing additional features as staking and support of off-chain payment options as the Lightning Network.
Presently, the Trust wallet is default to the Binance DEX. There are several advantages of integrating the Kyber Network protocol, a multi-DEX platform allowing for cross token trading. First, not only will it ease trading, but there will be additional liquidity. Secondly, through the Trust wallet, users can access dApps from the wallet’s desktop or mobile version.
Meanwhile, WINk, previously known as TRONbet and a beneficiary of the Tron Arcade fund, will crowdfund at the Binance Launchpad.
Candlestick Arrangement

Perched at seventh, BNB, is steady, soaking in sell pressure. Nonetheless, the uptrend is firm. Although there is a tinge of weakness, BNB buyers have a chance.
From previous BNB/USD trade plans, there is opportunity for bulls as long as prices are firm above the $25-$30 support zone. Already, the double bar bullish reversal pattern of July 16 and 17 is hinting of demand in lower time frames.
However, with caps at the flexible resistance line, the middle Bollinger Band, there is apparent resistance for upsides. In light of the general tepidity of price action, risk-averse traders can adopt a neutral stand until after there is a strong close above June 2019 high of $43.
In the meantime, aggressive traders can buy the dips with a safety net just below $25. The first target will be $43. If the underlying momentum is firm, and there is a definite break past $43, odds are BNB will soar to $70 in a bull trend continuation phase.
Technical Indicators
As a result, the July 18 bull bar is leading this trade plan. For trend continuation, the breaching bar, lifting prices above $43 ought to be with high trading volumes exceeding 6 million of July 18. Conversely, steep losses below $25 nullifying this trade plan must be with high participation with the signaling bar propelled with high trading volumes surpassing 6 million.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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Cardano’s Development on Track, ADA Revival Could See Prices Rally to 10 Cents

Cardano (ADA) prices are oscillating below 10 cents
Shelly is the Reward Era. Cardano is right on track, building towards Voltaire

Shifting from Byron to Shelly, Cardano is firm on their roadmap. Promising to be efficient, the migration of blockchain projects from competing platforms to Cardano will draw demand for ADA. In that case, ADA will likely print higher above 10 cents.
Cardano Price Analysis
Fundamentals
Blockchain is said to be the base of the next revolution. Complementing other developments as machine learning and artificial intelligence, it will mastermind the era of decentralization.
Piquing interest from different players, blockchain, as an equalizing technology, is the focal point of venture capitalist and enterprising retail investors. Of the many projects in existence, Cardano is unique.
In development, the platform prioritizes research and peer review. Upon rollout, Hoskinson, who is also an influential figure in the Ethereum Classic development arena, said Cardano will be 100 times more decentralized than Bitcoin.
Achieving this feat, Cardano will be distinctively energy-efficient but community-driven. Working towards this goal, Cardano is now at the Reward Era, following their shift from the Bootstrap Era, that is, Byron.
The Shelly Phase, or the Reward Era, is a vital stage as far as Cardano development is concerned. Migrating from federate nodes to a more decentralized style where network participants can not only stake but run nodes, Cardano would truly adhere to blockchain principles.
Candlestick Arrangements

With decentralization, there are higher chances of ADA listing at Coinbase. Benefiting from the “Coinbase Effect,” prices will likely correct higher. Presently, ADA is relatively stable and oscillating at 6 cents, a critical resistance level.
Imperative, as laid out in previous ADA/USD trade plans, bulls must build enough momentum required for a break above 6 cents. That will not only be a hint of demand and a probable trend continuation, but it would be a morale boost for ADA investors mauled by bears of July.
An uphill task, the stability of prices following last week’s slowdown is bullish. Besides, the fact that this reaction is from the 61.8 percent Fibonacci retracement level from H1 2019 trade range is indicative.
Therefore, while there is a possibility that ADA will edge higher, traders should be cautiously optimistic. Defining bull signals will print once prices conclusively close above 6 cents at the back of high trading volumes.
However, aggressive traders can, nonetheless, load up ADA on every dip with stop limits at 4.8 cents. Targets will be at 10 cents.
Technical Indicators
As a result, the June 26 bull bar is leading this trade plan. Since June highs and 6 cents are significant resistance levels, any break out above these lines should ideally be with high trading volumes surpassing 603 million of June 26.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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Bitcoin (BTC) Price Drops 7% Due to Weak Technicals, Intensifying Sell Pressure

Bitcoin (BTC) is down 7.7 percent from last week’s close.

Steven Mnuchin, the U.S. Secretary of Treasury, is calling for unity amongst regulators.

The U.S. Attorney’s Office of the Southern District of New York has charged Jon Barry Thompson of Volantis Escrow Platform LLC, for lying and stealing $7 million from clients. Meanwhile, BTC prices are consolidating above $9,500.
Bitcoin Price Analysis
Fundamentals
The principal owner of Volantis Escrow Platform LLC, Jon Barry Thompson, has been charged by the U.S. Attorney’s Office of the Southern District of New York for fleecing clients off $7 million, CoinDesk reports.
Charging Jon against two counts, each of commodity and fraud, the court found the owner of the Bitcoin escrow company culpable. The plaintiff accuses him making a false representation on the extent of his custody over digital assets.
In a statement, the prosecution team said:

“As his clients soon realized, however, Thompson’s representations were false, and these cryptocurrency investors ultimately lost all of the money they had entrusted with him because of his lies.”

While at it, Steven Mnuchin, the U.S. Secretary of Treasury, has reiterated his concerns that Bitcoin is a tool for money laundering. He is now urging for regulatory collaboration, he said:

“We’re looking at all of the crypto assets. We’re going to make sure we have a unified approach, and I guess that there are going to be more regulations that come out from all these agencies.”

Ironically, for all his criticism of Bitcoin, Mnuchin is one the many businessmen and politicians accused of tax evasion as per the bombshell Paradise Papers of 2017.
Candlestick Arrangement

At the time of writing, BTC is under pressure. Dropping 2.9 percent and 7.7 percent respectively in the last day and week, bears are back. From the chart, BTC price is in consolidation mode above $9,500.
As such, and in sync with previous BTC/USD trade plans, aggressive traders can short the coin while aiming at $9,500 and $7,500 in days ahead. Advising this preview are technical factors. One of them is the inability of bulls to be consistent and reverse losses of July 16.
From previous mentions, this is bearish if the analysis is from a top-down approach or even from the effort versus result point of view. Therefore, although bulls have a chance above $11,200, risk-off traders can liquidate their holdings with targets as aforementioned.
In light of this, the best course of action is to maintain a neutral stance until prices either surge above $11,200 igniting buyers, or dump below $9,500 in a sell-off.
Technical Indicators
Leading this price action will be July 16 bear candlestick. Unique and wide-ranging, the bar has above-average trading volumes of 43k. Any definitive breakout above $11,200 or $9,500, therefore, ought to be with high participation exceeding 43k. Only then will traders either short the retracement or buy the dips with targets at $14,000 or $7,500 respectively.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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Ethereum (ETH) Prices Back to Green, Surge 7% in 24 Hours

Ethereum (ETH) adds 7.6 percent
Facebook’s Libra is more popular than ETH

An independent research from eToro reveals that investors are more aware of Libra, a Facebook stablecoin set for launch in 2020, than Ethereum (ETH). Meanwhile, ETH is back to green, adding 7.6 percent in 24 hours
Ethereum Price Analysis
Fundamentals
The discourse around Facebook’s Libra, a centralized stablecoin, is at fever-pitch. Unfortunately, the consensus is not favorable for the global stablecoin. Facebook has a bad track record on privacy.
Worse, their foray into finance is agitating Congress. Visibly, most are concerned about the Libra’s effect on the USD. The US President, Donald Trump, for example is categorical stating that Facebook must acquire a banking charter before issuing Libra.
However, the bad news is that there is nothing binding Facebook from launching elsewhere. Theoretically, Facebook is not in charge of the Libra Foundation. The latter is a group of American and European companies ready to launch in approving jurisdiction.
After polling 600 people, eToro, a social trading platform, found out that Bitcoin is the most popular digital asset. 58 percent of the those surveyed were aware of BTC. Surprisingly, 16 percent knew Libra, and a mere 12 percent had heard about Ethereum (ETH).
Concluding this finding, Guy Hirsch, U.S. managing director of eToro, said:
“We believe that crypto and the blockchain technology that underpins it will be essential to ‘tomorrow’s economy. By introducing the concept to a new audience, Libra could play a vital role in the evolution of decentralized and more democratized finance.”
Candlestick Arrangement

Battered by BTC, ETH is relatively stable against the USD. Even so, that is not to say bulls are back. Generally consolidating in a $30 range, with caps at $230, bears are evidently in control. Unless otherwise there is a sharp upswing above $230, every high will be a selling opportunity.
However, should the breaching bar be unique, marked with high trading volumes, odds are ETH will rally to $300, and to June 2019 high in a trend continuation phase. Before then, bulls are at a disadvantage. Technically, determining the short-term trajectory of ETH will be price reaction at $230 and $190.
In light of the above, the best course of action is to stay neutral with bearish leanings until a defining breakout prints.
Technical Indicator
From above, June 16 bear candlestick is leading. Visible and wide-ranging, it has high trading volumes of 405k. Therefore, as aforementioned, whether ETH will rally to $300 or sink to $150 is dependent on the strength of the breakout.
If the breaching bar has high participation exceeding 405k, then ETH will quickly tumble to $150. Conversely, sharp rally past $230 could see ETH soar to $300.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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Ripple (XRP) Prices in Consolidation Mode Despite Institutional Demand

Ripple (XRP) prices are firm above 30 cents
XRP sales in Q2 2019 topped $251 million

Ripple’s Q2 2019 XRP market report is enlightening. Revealing the level of XRP demand, investors now know that institutions form the bulk of buyers. In the medium-to-long term, this will help strengthen bulls targeting 50 cents and 80 cents respectively.
Ripple Price Analysis
Fundamentals
Before shifting strategy, Ripple’s solutions were meant for institutions. As a distributed ledger technology firm with interests in global payment, their decision to focus on individuals is proving to be a stroke of genius. Not only are they positively impacting livelihoods, but statistics reveal that deep-pocketed institutions are interested with XRP.
The coin is both a utility and a liquidity agent, useful for xRapid. Hints of demand were made clear from the recent market report, detailing Ripple’s progress in Q2 2019. Emerging from the brief is the irrefutable interest of XRP from institutions.
For example, in Q2 2019, the total sale of XRP rose by 48 percent to $251 million from $169 million of Q1 2019. From this, the demand from institutions was 73 percent of the total sales.
In summary, these are Q2 2019 highlights as drawn from the XRP market report:

The overall market capitalization of digital assets sharply increased in Q2.
Ripple sold $251.51 million XRP in Q2 2019 and is substantially reducing future sales of XRP.
Given the concerns about overstated market trading volumes, CryptoCompare will be Ripple’s primary benchmark for XRP market volume going forward.
Three billion XRP were released out of cryptographic escrow, 2.10 billion returned to escrow.
XRP is now listed on over 130 exchanges worldwide.

Candlestick Arrangements

From an investor’s perspective, the involvement of institutions is unequivocally bullish. Besides, Ripple’s plan of improving transparency is a big plus.
Therefore, while XRP is flat-lining but trending above 30 cents, Q2 2019 report could shape investor sentiment. In that case, prices may correct higher in line with previous XRP/USD trade plans. Presently, there is liquidation pressure but XRP buyers are resilient.
As such, every retracement is an opportunity as reiterated before. For the risk-averse, trend continuation will be valid once prices edge past 40 cents, ideally boosted by above-average participation.
In light of this, aggressive traders can buy the dips with a fitting stop-limit just below 30 cents. The first target will be 40 cents. On the flip side, sharp losses below Q1 2019 primary support with high trading volumes would trigger a precipitous fall to 20 cents.
Technical Indicators
Because of the above, July 10 bear candlestick is leading. It pierced below the 40 cents support, now resistance. Furthermore, it is unique with high trading volumes of 40 million. As a result, any surge above 40 cents, ushering bulls, ought to be with high participation with similar or better trading volumes.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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Bitcoin (BTC) Undervalued, May Be Worth $356,000 by 2022: Pantera Founder

Bitcoin (BTC) prices reacting from $9,500
Dan Morehead of Pantera Capital projects price to hit $356,000 by 2022

Pantera Capital’s founder, Dan Morehead, in a podcast, said Bitcoin is growing at a compound annual rate of 235 percent. At this pace, BTC’s would be worth $42,000 by the end of the year. Meanwhile, prices are relatively calm, up roughly two percent in the last day.
Bitcoin Price Analysis
Fundamentals
By acting as money and a settlement layer, Bitcoin is a topic of discussion amongst politicians. All the same, considering the receptiveness of governments toward blockchain, the underpinning technology of Bitcoin, fund managers are noticeably bullish.
Of the many, Dan Morehead, the founder of Pantera Capital, is optimistic of Bitcoin’s future. Not only does he say scalability, a persistent problem for Bitcoin and other public chains, will be resolved as the network grows, but he encouragingly adds that BTC prices would increase more than ten-fold in the next three years.
In one episode of the Unchained podcast, aired on July 23, he said:
“Graph the price of Bitcoin logarithmically […] its trend is going to grow at 235% compound annual growth rate and […] that put Bitcoin at $42,000 at the end of 2019. And I know this sounds crazy, but we’re essentially halfway back there. […] I think it’s a good shot that by the end of the year we hit that. And if you just extrapolate that line out for another year, it’s $122,000 per Bitcoin and then one more year, $356,000.”
Candlestick Arrangement

Presently, BTC is back to green, adding 1.9 percent in 24 hours. Interestingly, prices are reacting from $9,500, a significant support level.
In a clear bullish trend, risk-off traders can nonetheless liquidate the asset on every high as long as prices are trending below $11,200. This line of thought is because $11,200 is the next resistance line. The level marks the upper limit of the two conspicuous bear candlesticks of July 14 and July 16.
Besides, BTC prices are trending inside July 16 candlestick. From an effort versus result point of view, sellers have the upper hand. Therefore, unless there are upswings, lifting BTC above $11,200, bears have the upper hand.
Upon breakout, mirroring the superb gains of Q2 2019, BTC would easily float back to $14,000 or better, in days ahead.
Technical Indicators
As such, July 16 bear candlestick is leading this trade plan. Aforementioned, the breakout above $11,200, reaffirming buyers of July 14, ought to be with high trading volumes above 43k.
In such an eventuality, the first bull target will be $15,000, and later $18,000. Conversely, steep losses below $9,500 would trigger a collapse to $7,500.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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Is Tron (TRX) Price Resurgence Linked to Justin Sun’s Possible Presence in the US?

Tron (TRX) is recovering, adds 13.2 percent
Justin Sun is safe and not restrained from traveling

Justin Sun, the co-founder of Tron, is “safe” as NewsBTC reported. Other sources indicate that he is in San Francisco and not detained by Chinese authorities. Overly, this is bullish for TRX. Already, the coin is up 13.2 percent from last week’s close.
Tron Price Analysis
Fundamentals
Blockchain, as an emerging technology, is broad and global. Touted as a leading innovation in the 21st century, it is the foundation of the current disruption.
Although it is borderless, projects leveraging the technology operate from jurisdictions with different interpretations of blockchain. While some are against its applications, the majority are supportive though skeptical-even apprehensive, of cryptocurrencies.
To that end, the US Senate Banking Committee will hold an open session, the “Examining Regulatory Frameworks for Digital Currencies and Blockchain” on July 30. Even though clarifying information is scarce, the intention, according to reports, is to discuss regulatory framework around cryptocurrencies.
Away from the US, the rumor that Chinese authorities are detaining Justin Sun is false. The Tron co-founder likely landed in San Francisco earlier today as per a CoinDesk report.
Candlestick Arrangement

Presently, TRX bulls are firm, adding 8.8 percent in 24 hours. Furthermore, the coin is up 13.2 percent from last week’s close. Overly, this is indicative of demand.
From previous TRX/USD trade plan, prices must oscillate above 2 cents. The rationale is that the coin is trading within a bullish breakout pattern against the USD. Besides, the coin is mostly in range mode, trending within a 1.5 cents zone, with caps at 4 cents.
Additionally, there is support for TRX following the undervaluation of July 17, affirmed by the subsequent correction of July 18 through to July 21.
Therefore, as long as prices are trending above 2 cents, aggressive traders can buy the dips with targets at 4 cents as laid out in previous TRX/USD trade plans.
On the flip side, losses below 2 cents will heap pressure on TRX, forcing liquidation as sellers aim at 2018 lows of 1 cent.
Technical Indicators
Bullish, the short-to-medium term trajectory of TRX anchors on July 17 bear candlestick. Indicative of buy pressure because of the long lower wick, the bar has above-average trading volumes.
Although traders can buy the dips as aforementioned, better signals will be present if there is a break out above 3.1 cents. Accompanying this bullish signal ought to be high participation, preferably exceeding 23 million of July 23.
Conversely, losses below 2 cents, ushering in sellers should be with a similar level of participation. In that likelihood, TRX will likely tumble to 1 cent.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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Ripple (XRP) Bulls Are Back, Prices up 5% Despite SWIFT’s Stiff Competition

Ripple (XRP) is steady, adds 5.3 percent
SWIFT, in a global trial, settled a cross-border transaction from Australia to Singapore in 13 seconds

In a test, the Society for Worldwide Interbank Financial Telecommunication (SWIFT), achieved speeds closer to those of Ripple. A possible threat to Ripple’s global expansion, XRP prices are firm, adding 5.3 percent in the last week.
Ripple Price Analysis
Fundamentals
Statistics from the World Bank reveal that the global remittance market was valued at $1.93 billion in 2018. However, it is what the future holds that is spurring substantial investment from interested players. By 2025, the report adds, global remittance will to surge to over $8 billion.
If anything, this could explains why the competition for market share is so fierce. Lucrative for triumphant startups, centralized firms are, nonetheless, dominant. Of the many, the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a network of banks, is the most visible.
Not only is it evolving, building on their broad base and retaining customers, but gradually, SWIFT is unsurprisingly receptive of blockchain.  Recently, in a trial, SWIFT completed a cross border payment from Singapore to Australia in 13 seconds.
These speeds are closer to those of Ripple’s xRapid. Leveraging on XRP, xRapid transactions settle at 4 seconds. However, in the future, settlements would be faster because of Cobalt. Besides, unlike SWIFT, Ripple’s fees are relatively low.
XRP/USD Price Analysis

At the time of writing, XRP is stable and up 5.3 percent week-to-date. Despite sell pressure, XRP bulls are intact. In line with previous XRP/USD trade plans, aggressive traders can fine-tune entries in smaller time frames, loading the pullbacks.
It is easy to see why. From a top-down approach, bulls are in control. Anchoring this overview is September 2018 bull candlestick. In the last ten months, prices have been oscillating inside this humongous, high-volume candlestick.
As such, from an effort versus result perspective, buyers have the upper hand. However, this is reliant on the ability of buyers to prevent liquidation below 30 cents. So far, traders have been successful. Because of this, the recent reaction from Q1 2019 support is yet another opportunity for traders to load the dips with stop limits just below 30 cents.
Alternatively, risk-averse traders can wait for a conclusive break and close above 40 cents before buying the dips while aiming at 50 cents.
Technical Indicators
Determining whether bulls have a chance or not, depend on the level of participation of the breaching bar. Leading this trade plan is May 14 candlestick. It has high trade volumes of 187 million. As such, for bull trend continuation reflective of May upswings, the leading bar, lifting prices above 40 cents, must be with high participation ideally surpassing 187 million.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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Bitcoin (BTC) Reacting from $9,500, Will Hangzhou Internet Court Ruling Trigger Demand?

Bitcoin (BTC) steady below $10,000
Hangzhou Internet Court recognizes Bitcoin as property

China may be restrictive, but Chinese miners plays a vital role in the Bitcoin ecosystem. Therefore, despite the People’s Bank of China stance, the ruling from Hangzhou Internet Court is bullish. Currently, BTC is up 3.8 percent week-to-date.
Bitcoin Price Analysis
Fundamentals
Chinese policies are against the proliferation of digital currencies. Nonetheless, that is not to say the country is not instrumental in the thriving Bitcoin economy. Several studies show that over 60 percent of Bitcoin’s hash power is from the strict nation.
Although Bitcoin is global, with its main value proposition being security over performance as throughput attests, BTC related news from China tends to affect market sentiment and price. Case in point is the decision by the Hangzhou Internet Court, recognizing Bitcoin and classifying the world’s most valuable digital asset as a property.
Commentators say this is a significant milestone. In particular, Dovey Wan, the founding partner of Primitive, said that was a watershed moment for Bitcoin. Positive as it may sound, the decision is not an express regulatory thaw. That is so because the officials from the People’s Bank of China (PBoC) are adamant that Bitcoin is not fiat money.
Candlestick Arrangement

Supportive as it is, the Hangzhou Internet Court decision was not enough to prop Bitcoin prices. In a negative trajectory, even after the announcement, sellers are firmly in control. Therefore, unless otherwise there are sharp gains lifting prices above $11,200, every high is technically a liquidation opportunity for savvy traders.
Note that prices are oscillating and held within the July 16 bear candlestick. The bar, confirming sellers of July 14, is therefore significant in this trade plan. Not only does it point to bears but from an effort versus result point of view, its low is a critical support level.
As such, as per previous assertions, any dip below $9,500 could spur a selloff towards $7,500. Technically, that would confirm sellers of late June 2019. In that case, the first bear target will be $7,500. If sellers are persistent, then the second feasible target will be at $5,500.
Technical Indicators
Visibly, BTC/USD price action is ranging. Bullish above $9,500, BTC must find support at this reaction point. Marking a trend shift ought to be a spike in participation, with trading volumes exceeding 82k of June 26.
If the break out bar is distinct with high participation exceeding 82k, then BTC would likely drop to $7,500 as aforementioned. If not, and there is support at $9,500, with equally high trading volumes, BTC will probably snap back and rally to $11,200 in a trend continuation phase.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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Bitcoin (BTC) Bulls Unconvincing, Over $1 Billion Lost To Hackers

Bitcoin (BTC) prices are steady
Over $1 billion lost to hackers

Hacking is forcing thoroughness in cryptocurrency exchanges. Determined hackers have seen exchanges lose over $1 billion with Bitpoint the latest victim. At the time of writing, BTC is stable, but bears have the upper hand.
Bitcoin Price Analysis
Fundamentals
There is always a risk when trading. Unlike trading traditional securities like bonds or Forex, the cryptocurrency space is unregulated. That is perhaps the reason why government representatives are drumming up for proper regulation.
Furthermore, Bitcoin and digital assets are prone to manipulation, which is then again exacerbated by huge price fluctuations making any form of sane trading near impossible. Jay Clayton of the SEC is concerned about the lack of proper monitoring tools required for leveling the playing field.
Besides market-specific risks, external factors as the security and liquidity of the exchange can spell the difference between profitability or losses for any traders-irrespective of trading style.
Of late, security is the focal point for critics and no-coiners. Believing that cryptocurrency trading is futility or gambling at best considering the many hurdles and specifically the lack of regulation, many are nitpicking vulnerabilities of cryptocurrency exchanges.
To quantify, more than $1 billion worth of cryptocurrencies including Bitcoin have been stolen by hackers. At times sponsored by governments, these elements are wreaking havoc to investors.
Understandably, Bitcoin trading is an emerging sub-sector. Tempering and accelerating maturity, hacking will always be a part of the game as long as there are honey pots in centralized exchanges.
Candlestick Arrangement

Overly, BTC is in an uptrend partly because of the stellar gains of H1 2019. Rallying from $3,200 and topping $14,000 in six short months, buyers are in control at least from a top-down approach.
However, in light of recent developments and precisely candlestick arrangement in the daily chart, sellers are back. If anything, a retracement is normal.
Therefore, while buyers will likely print higher in days ahead, there is an opportunity for bears to counter the primary trend. Regardless, this is subject to the reaction at $11,200.
If there is demand for BTC, odds are prices will spike to $14,000. As it is, every high is a selling opportunity with fitting stop limits above $11,200. Near term, the target will be $9,500. Any degradation below this support could see BTC drop to $5,500 in a retracement.
Technical Indicators
In light of the above, July 16 bear candlestick leads this trade plan. It is extensive, confirming losses of July 14 and different from others thanks to high trading volumes of 43k.
Because of this, any surge above $11,200 or drop below $9,500 ought to be with high participation exceeding 43k or even 82k of June 26.
When it prints, that will signal trend continuation or a temporary correction with targets at $18,000 or $5,500 subject to breakout direction.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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Bitcoin Buoyed By Free Marketing, Will BTC Prices Double By 2020?

Bitcoin (BTC) consolidating below $11,200
Iranians turning to Bitcoin

Despite deliberate attacks from politicians, Bitcoin as an innovation is an “unstoppable force”. Fearing the unknown, they are unknowingly marketing BTC as an alternative. For now, BTC is steady, but bears are firmly in control.
Bitcoin Price Analysis
Fundamentals
Cryptocurrency investors and traders are in the space to make money, then later for the technology. At least that is what statistics reveal. Bitcoin may be the first of its kind -and a genuinely successful digital asset that continues to transform lives.
Since the ledger that underpins Bitcoin is immutable and secured by a swarm of supporters across different geographical locations, its network is highly reliable as well as robust. Besides, because of mathematics, there is no need for trust.
As a result, there is low latency and costs. Because of this and more, analysts argue, Bitcoin is a real threat to fiat including the dominant of them all, the USD. Trump calls the central bank issued currency, the “mighty.”
Even so, it is prone to manipulation, and with a distinct, centrally controlled SWIFT network; the USD can be a controlling tool. By imposing financial sanctions, the US and allies can achieve their objectives regardless of innocent citizens of the affected economies.
To that end, Iran whose Iranian Rial collapsed, dropping by 50 percent plans to roll out a gold-backed national currency. While at it, Iranians are mining the scarce BTC which is their reliable store of value as hyperinflation rages on.
Candlestick Arrangements

At the time of press, there is a temporary respite for Bitcoin. After days of unrelenting drawdown, BTC buyers are back. However, considering the level of participation-and candlestick arrangement more so as visible from the weekly chart, bears may flow back, crashing the optimistic.
Besides price action that is favoring sellers and the inability of traders to reverse last week’s losses, current consolidation is a primer for sellers. Unless otherwise there is an up-thrust above $11,200 in a bid to reverse June 27 losses, bears have their sight at $9,500 or lower in days ahead.
Therefore, in light of the above, the best approach for conservative traders is patience. Once BTC blast past $14,000, they can buy the dips as they aim for $18,000 or $20,000 all-time highs. As it is, every high is a selling opportunity with stop limits above $11,200 and targets at $9,500.
Technical Indicators
Because of this, confirming candlestick signaling buyers or sellers above $14,000 or $9,500 ought to be with high trading volumes exceeding 82k of June 26. Depending on breakout direction, BTC will either soar to $18,000 or fall to $7,500.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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Binance’s Boost: BNB Ready for $43 After Strong Signal

Binance Coin (BNB) is up 7.1 percent
Free airdrop for XLM owners in Binance

Binance, amassing $775k after unknowingly staking XLM, will continue staking. Preparing to boost XLM accounts with free airdrops, BNB prices are up 7.1 percent in the last day.
Binance Coin Price Analysis
Fundamentals
Trading in some periphery exchanges can not only be a source of headache because of liquidity issues, but there is also the risk of being swept clean. In H1 2019 alone, losses resulting from cryptocurrency exchange hacking exceeded $210 million. The majority is from the QuadrigaCX private key disappearance after Cotten passing.
Meanwhile, Bitpoint is the latest, losing $32 million worth of different digital assets. Even so, that’s not to say Binance is impervious as they lost $40 million in BTC back in May 2019.
However, progress is positive as the heist was an expensive lesson for Changpeng Zhao and team. Apart from their ambitious expansion drive and offering irresistible features for their global clientele, it is turning out that Binance is generous.
The Malta-based exchange unknowingly staked some of their Stellar Lumens (XLM) holdings earning $775k or 9.5 million XLM. As a result, they will begin airdropping this lot to XLM customers.
“Binance is planning to share the XLM staking rewards we have been unknowingly receiving since last year. Specifically, Binance has decided to distribute the 9,500,000 XLM in staking rewards accrued to date, which is worth about $775,000, to all users who keep XLM balances starting July 20.”
Candlestick Arrangement

Trading 7.1 percent higher in the last 24 hours, BNB has support. Already, there is confirmation of the double bar bull reversal pattern of July 16 and 17 following the high volume upthrust of July 18.
Although the conservative type of traders can wait for a full break and close above $43 before buying the dips, aggressive traders can act now. That means buying the retracement in smaller time frames with a stop-limit just below July 16 low of $25.
Good news is there will be more weight for this stance if prices break above the middle Bollinger Band (BB) by the end of the day.
In such a case, the first target will be June 2019 highs of $43. Depending on momentum, the next aim is $70. On the reverse side, and as per previous assertions, any degradation below $25 could see BNB drop to $20 in a retest.
Technical Indicators
Because of the high trading volumes of July 18, there is a likelihood that BNB will float higher. For buy trend continuation, the break out bar signaling buyers ought to be with high participation exceeding 6 million of July 18. Conversely, bears will be back if prices fall below $25 with equally high trading volumes.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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Ethereum (ETH) in Free Fall, Down 34% Following Bitcoin Cash Idea

Ethereum (ETH) slides 34 percent as bears step up
Bitcoin Cash may be used to temporarily solve Ethereum’s scalability problems

Vitalik has an audacious plan of integrating Ethereum with Bitcoin Cash before ETH 2.0 full activation. However, there is resistance from some quarters with a majority against his idea. In the meantime, bears are in full throttle as ETH slumps 34 percent from last week’s close.
Ethereum Price Analysis
Fundamentals
Regardless of how Ethereum supporters try to scrutinize the platform’s performance, everything will boil down to scalability. Striking a perfect balance and ticking all the boxes satisfying the requirements of the blockchain trilemma is hard.
Therefore, while the developer community agitates for scalable networks, it all about making good choices. Presently, Vitalik and team chose decentralization and security over scalability. Limiting as it is, that is not stopping project managers from flocking and launching dApp from the platform. And Joseph Lubin, in an interview, said the network, despite challenges, has to some extent scaled:
“So, I think we’re at many tens of thousands of decentralized transactions per second on the Ethereum network right now. And another point that I believe is that we’ve got all this scalability for specific use cases.”
Therefore, the idea that Vitalik is putting forth is off-putting for Ethereum developers. While it could work considering Bitcoin Cash recent hard forks and their working towards inherently scaling the network without layer two options like in Bitcoin, his choice didn’t bode well with developers. Francis Pouliot said Vitalik’s proposal is an admission of failure:
“The shitcoin has hit a three-year low versus Bitcoin. The founder has all but declared the project a failure today by proposing a humiliating BCash integration to delay the (yet unsolved) scalability crisis.”
Candlestick Arrangements

Presently, the cryptocurrency scene is all red. Leading the plunge are periphery altcoins. Compared, ETH performance, considering its liquidity, is worse. Printing double-digit losses in the last week, bears are firmly in charge.
Note that despite the optimism, the fact that prices are now trading below the $230 support and sell trigger is a mark of bears. As such, and in line with previous ETH/USD trade plans, every pullback towards $230, which is previous support now resistance, is an opportunity to unload the coin at higher prices.
Ideally, and in a typical move, better reloading opportunities will be at $190 and $150 if sellers’ momentum is high.
Technical Indicators
Anchoring this trade plan is May 16 bull candlestick. With high trading volumes of 822k, the bar is visible and leading. Therefore, signaling the end of a retest will be a wide-ranging bull candlestick reacting either at $170-$190 support zone or $150 which is April low, distinct with high participation preferably exceeding 822k of May 16.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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Cardano Investors Sell Amid Bitcoin Drop, ADA Down 32%

Cardano (ADA) sheds 32.7 percent week-to-date
Emurgo releases Yoroi update

There’s a new Yoroi wallet update introducing further improvements like the hide balance option. However, that is not enough to support ADA as prices are down 32.7 percent.
Cardano Price Analysis
Fundamentals
Research and peer-reviewing of code underpin Cardano. Promising to dislodge Ethereum as the king of smart contracting, the Cardano development team is after perfecting their system.
Delaying in phase transition, their leaning on quality and satisfactory experimentation is top priority. Presently, Shelly test net is live. While developers nitpick code, searching for vulnerabilities, the transition from centralization to decentralization is exciting for ADA supporters.
If anything, this phase shift is critical as it could set the ground for a possible listing at Coinbase. Should that be the case, then surely, the native coin, ADA, may benefit from the famed but fading “Coinbase Effect.”
Then again, there is Yoroi’s update. Aside from guaranteed security, since it is running from a sandbox with APIs to Fasttrack developments, the new upgrade introduces several enhancements to the web wallet. Some of them include:

Ability to add Cardano payment URLs.
A hide balance option
New warning message if the connection to our server fails
Indonesian language

EMURGO is happy to report that Yoroi 1.8 has been released for Chrome and Firefox users (automatically updates). @YoroiWallet is a digital light wallet to store #Cardano ($ADA). Read about the new features and download using the link below. https://t.co/69w58umNmH
— EMURGO (@emurgo_io) July 11, 2019

Candlestick Arrangements

Bullish in the long run, bears are merciless. In two short weeks, ADA is down 32.7 percent in the last week along. Trading within a bullish breakout pattern, buyers have a chance at least in the medium term.
For now, bears are in a pole position following the breach and close below the main support line at 6 cents. Note that the move is in response to the over-extension of the week ending April 7 and confirmation of sell pressure of the better part of 2018.
In that case, like most digital assets, every high is technically a selling opportunity with an awareness that ADA, if BTC continues to drop, could register new lows in a bear trend continuation phase.
However, that is subject primarily to the strength of breakouts driving prices below 3.5 cents and later Dec 2018 lows.
Technical Indicators
As aforementioned, a better gauge for sellers depend on participation in upcoming weeks. If there is a spike, surpassing those of the week ending June 30 at 2 billion, odds are bears of 2018 will flow back. As a result, ADA will likely close below 3 cents, more than halving from June 2019 peaks.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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Bitcoin Bulls Resign, BTC Price Slumps 24.6% in Rout

Bitcoin (BTC) is down 24.6 percent
Governments ready to tame cryptocurrencies as they avert a possible clash with central banks

According to analysts, governments and regulators are planning to “kill” cryptocurrencies and Bitcoin. That’s because of their decentralization and ability to empower end-users. Meanwhile, BTC is printing double-digit losses, sliding 24.6 percent week-to-date.
Bitcoin Price Analysis
Fundamentals
Blockchain is said to be the most significant innovation in the 21st century. And gladly, it is not rocket science to figure that out. From Satoshi’s ambition of seeing complete decentralization of power, Bitcoin is a force. But there is a bigger force keen on stopping the propagation of Bitcoin from shaping livelihood and disrupting the status quo.
With banks firmly in control of how finances flow around the world, the elites including some of the world’s leading governments are not ready to shed an ounce of that privilege according to analysts’ view. China and India are clear, closing channels of liquidity for cryptocurrencies.
Now, the US government is zeroing in on Libra and by extension Bitcoin. Claiming their use should be under oversight as Libra is specifically a threat to the US national security, commentators view this as an attempt to “kill” cryptocurrencies. Talking to Forbes, Iain Wilson, Advisor at NEM Ventures, said:
“Public blockchains are inherently decentralized which empowers individuals and enables radically different business models. This has major ramifications for the ultimate centralized entities – big government, big corporates, and the guardians of the banking sector: Central Banks. Balancing power between these two poles will require major public policy debate and potential clashes. This is what we are starting to see.”
Candlestick Arrangement

Currently, sellers are at the front seat, guiding prices. In the last week alone, BTC prices are down 24.6 percent, shedding 8.7 percent in the previous day. Undoubtedly, bears are back. In a possible correction, odds are BTC prices stand to drop to $5,500 or lower.
It is easy to see why. Not only is there a clear three-bar bear reversal pattern visible in the weekly chart, but in smaller time frames, sell momentum is strong. Notice that the banding of bear candlesticks along the lower Bollinger Bands (BB).
Besides, accompanying this drawdown are increasing trading volumes indicative of resignation by buyers and subsequent exit of long positions. Because of this, every retracement is another opportunity for exiting longs while bears can aim at $7,500 and later $5,500 as aforementioned.
Technical Indicators
Because of increasing volumes and dropping prices, bears are in control. Should sellers press lower and prices fall below $7,500 with high trading volumes exceeding those of week ending June 30 at 299k, BTC stands to slide to $5,500.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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