Bitcoin (BTC) Prices Cool Off, KYC and AML Defeat Purpose of Crypto

Bitcoin prices cool off but up 8.7 percent in the last week
KYC, AML and other rules imposed by centralized exchanges defeats crypto objectives
Transaction volumes taper as prices consolidate

Albeit the excitement around expanding prices and wave of adoption, KYC and AML rules that expose user identity but made mandatory by exchanges defeat the very purpose of crypto. Progress is visible and would organically pump Bitcoin (BTC) prices.
Bitcoin Price Analysis
Fundamentals
After a decade of wonderful-and even jaw-dropping progress, it may be about that time when participants can begin asking hard questions. Yes, it is understandable that Bitcoin is the most valuable coin and its transaction levels rival those of MasterCard.
Regardless, isn’t it time to relegate centralized exchanges to the background? Centralized exchanges are and continue to be pivotal in the crypto space providing the necessary rails for crypto to crypto transactions as well as crypto to fiat or vice versa kind of operations.  In China, for example, crypto exchanges are banned. In Japan, they must register with the FCA, and the same applies in almost all countries that accept crypto as a medium of exchange, a property but not legal tender.
However, it is the application of KYC, AML and other rules that gatekeepers claim are to prevent floaters from “washing” their money or financing terrorism via crypto. In a way, it defeats the very purpose of cryptocurrency as an anonymous and transparent alternative to fiat money.
The good thing is the community is working ways around this innovating and introducing techniques as sub-atomic or atomic swaps and drumming support for unhackable DEXs. Add this to the promotion of interoperability, and it is only a matter of time before we see the real influence of crypto.
Candlestick Arrangements

At the time of writing, BTC prices are cooling off and are stable in the daily chart. Even with this, bulls are in control and the fact that our previous BTC/USD trading plans are valid, aggressive traders can take this opportunity to add up their longs on every dip. Ideal buy zones according to data streams from BitFinex lines at around the $3,800 buy trigger mark. Any retracement that retests this level could be suitable for risk-off traders aiming at $4,500 and even $6,000.
Technical Indicators
Anchoring our analysis is Feb 18 high volume bull bar. Notice that it had high volumes—37k against 12k averages. Follow through bars have low volumes, and is a reflection of low participation is price consolidation. Typical of crypto rallies, a correction is inevitable, and any trend confirming (or nullifying) bar should have high volumes above 37k.
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A Successful Binance DEX Mainnet Could See Binance Coin (BNB) Prices Double

 

Binance coin up 17.1 percent in the last week

Testnet launch live, users free to test the DEX and Binance chain explorer

Transactional volumes double from Dec 2018

 
BNB is back to the top 10, and with increasing volumes and DEX and explorer test net, coin holders are likely to reap big profits. So far, Binance coin is up 17.1 percent and back to the top 10.
Binance Coin (BNB) Price Analysis
Fundamentals
Like Ethereum’s ETH, Binance Coin is a utility token in the Binance chain network. It is a tool for incentivizing use and so far, the coin is rallying. Perhaps induced by the overly successful BitTorrent’s BTT ICO, the currency is retesting key resistance levels of 2018.
Adding to the bullish impetus is news that both the Binance Coin and the Bitcoin DEX testnet is now open to the public. The new release will allow testing of the Binance Coin chain explorer as well as the Web Wallet. Binance said this about the new testnet:
“Binance Chain is a new blockchain developed and released by Binance. Binance DEX is a high performance and user-friendly platform built on top of Binance Chain, where users can create, issue and trade digital assets.”
To get started in what Binance describes as a standard for DEXs, all a user needs to do is set up a new wallet, unlock the wallet, transfer assets and place orders right away.
The eventual launch of the mainnet will be very bullish for Binance coin as users of the Binance DEX will have to pay for gas to power transactions. Gas and fees are quoted in BNB only and assuming there is an immediate shift from centralized exchanges to unhackable Binance DEX–with better liquidity and UIs, then BNB holders stand to benefit.
Candlestick Arrangements

Thus far, the coin is up 17.1 percent in the last week. Aside from favorable candlestick arrangement, the sole reason behind this week’s expansion may be because of DEX testnet. As we said, Binance is yet to announce the mainnet launch, but from the chart, the path of least resistance is upwards.
A simple Fibonacci retracement tool between the BNB’s high low show that prices are finding support off the 78.6 percent level and with increasing volumes, bulls are back. Technically and when we draw guidance from Fibonacci retracement rules, the reaction at 78.6 percent level often leads to a retest of recent highs and in that case ideal targets may be 2017 highs of $26. All the same, before BNB explode, modest targets will be at Q2 2018 highs of $18.
Technical Indicators
 
Week ending Feb 10 bull bar reversed losses of the week ending Nov 25. Accompanying these upswings are increasing average volumes–7 million to 15 million and wide trade ranges which is bullish. Although we expect prices to cool off, ideal reversal zones will be at around last week’s lows of $8.5. However, such deep corrections are unlikely. Sellers may drive prices back to the $10 level before bull trend resume.
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Japanese Bank Head Endorse Ripple (XRP) says Bitcoin (BTC) Has no Value

 

Ripple price trajectory is up

Yoshitaka Kitao endorses Ripple (XRP)

Transactional volumes on the rise

 
SBI Holdings and Yoshitaka Kitao are Ripple (XRP) proponents and believe the coin will somehow revolutionize cryptocurrency. Anyhow, with the launch of SBIVC expected in weeks, our previous XRP/USD trade plans will be validated.
Ripple (XRP) Price Analysis
Fundamentals
Sometimes, the head of SBI Holdings Yoshitaka Kitao may appear over-optimistic about Ripple and XRP abilities to revolutionize crypto. SBI Holdings anchors and is the nucleus of Ripple activities in Asia. As the majority holder of SBI-Ripple Asia alliance, they have been promoting adoption in the crypto-active region.
March is when the SBIVC exchange will launch and with XRP paired against the Japanese Yen, we expect an immediate effect on price. However, the real impact is projected to be in August when adoption will be center stage, and there will be regulatory clarity on the status of XRP as a token.
Add this to SBI Holdings plans of supporting Ripple Inc and aid in their ambition of driving the coin to new heights. Bullish signals are flashing. Here is what Yoshitaka Kitao said:
“Under these circumstances, we will promote efforts to expand the practical use of virtual currency like XRP more and more. Also, on the other side, we will provide investment instruments incorporating virtual currency into institutional investors.”
He continues, adding that BTC is expensive and XRP is designed for global cross border payments because it is cheap and settlement is almost instantaneous:
“There is basically no value for Bitcoin. The current price of Bitcoin makes it harder and harder to use in practical ways. So I think that XRP will probably become the number one crypto asset. We are aiming to make that happen.”
Candlestick Arrangements

The path to a possible BTC–XRP flip is long if not next to impossible. At current valuations, XRP is more than 4.5 times more valuable than BTC, and if Kitao comments are valid, then XRP is grossly undervalued.
The third most valuable coin is now changing hands at 33 cents and up 7.1 percent in the last week. While BTC and ETH are posting huge gains from last week’s close, XRP is struggling against bears and consolidating in lower time frames.
Because of this, our XRP/USD trade conditions are not yet true and risk-off traders ought to hold off from executing longs despite high-volume bull bars trending below 34 cents. It is only after a full bar close above 34 cents is when traders can load up on dips with first targets at 40 cents and later 60 cents.
Technical Indicators
Encouragingly, transactional volumes are increasing, and XRP is expanding as a result. In the last few days, averages have risen from 15 million of Jan 29 to 22 million posted yesterday. However, as aforementioned, we need strong market participation driving prices above 34 cents with volumes above 52 million or 83 million of those of Jan 10.
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Bullish Bitcoin (BTC) Inch Close to $4,500 as Tech Leader Says it is Better than Paper Money

 

Bitcoin prices are trending higher, up 8.1 percent in the last week

Elon Musk says Bitcoin and crypto is brilliant for value transfer

Transactional volumes high, behind recent higher highs

 
Adoption is on the rise, and it is at this juncture that Elon Musk has reasons to believe that Bitcoin is brilliant and a better tool for value transfer. As an influencer, this is bullish, and as long as prices are on the rise, we expect momentum to build up.
Bitcoin (BTC) Price Analysis
Fundamentals
Interesting days ahead. There is a full adoption wave, and that is what the community needs. While Bitcoin is fashioned to be an alternative to government-issued paper money, most corporations are reluctant to take the lead and accept it as a form of settlement for customers willing to use the global coin. Tesla is a public listed company, but the founder Elon Musk has on numerous occasions aired his two cents on Bitcoin and cryptocurrency. He continues to make comments, but the company is yet to make it clear whether they will be accepting BTC for their new, fuel-free Tesla. Considering Tesla’s objective of championing green, sustainable energy which is everything against the mechanics powering the network–energy demanding chip-sets, it is unlikely that they will quickly jump in and join other companies like Trading View for example which is accepting BTC in its purest form.
Nonetheless, the question of sustainable energy and blanket conclusions made by critics of the tech that Bitcoin is not at all power efficient continues to draw debate and is quite sticky especially if we factor in the nomadic nature of miners and their propensity to set rigs in a zone with cheap, surplus power. All the same, Elon Musk being an innovator and entrepreneur has some bullish insights on Bitcoin. He calls the rare coin brilliant and a better conduit for the transfer of value.
Candlestick Arrangement

Prices are correcting, but the path of least resistance is up. At spot rates, BTC is up 8.1 percent in the last week and trading above $4,000 according to data streams from BitFinex. Because our trade conditions are live and traders can fine-tune their entries in lower time frames with the first target at $4,500, fitting stops should be around $3,500–$3,800 zone. Like in our previous emphasis, once prices edge past $4,500 or Dec 2018 highs, it is likely that BTC prices will expand towards $5,800–$6,000 at the back of strong volumes.
Technical Indicators
In the secondary volumes charts, participation is on the rise. Since recent higher highs are at the back of strong volumes–37k, it is clear that bulls are in charge unless of course there are counter moves with equally high liquidation volumes.
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Ripple (XRP) Bears?…Prices up 11.1% But Yet to Close Above Key Liquidation Level

 

Ripple prices up 11.1 percent but technically bearish

Crypto–Fiat bridges important for XRP and crypto

Transaction levels up, volumes lower than Jan 10

 
Despite upbeat prices, Ripple (XRP) is technically bearish and yet to breach the 35 cents mark. From our previous XRP/USD iterations, once bulls find momentum and pump prices above 35 cents risk-off traders can begin making projections with first targets at 60 cents.
Ripple Price Analysis
Fundamentals
Crypto may be risky for some governments, but things are beginning to change. As some view them as property, charging capital tax gains on profits, others are warming up to the idea of blockchain as the next inevitable change that despite headwinds will eventually permeate to the mainstream. Malta is one of the many jurisdictions, and now Binance–the world’s largest exchange by adjusted volumes have bases in that country.
Besides being a go-to platform for investors, it is also one of the few exchanges where users can purchase crypto with their Visa credit or debit cards. While many will be attracted to this feature, some Redditors claim that fees depends on volumes and some credit card companies may treat credit card purchases as cash advances which attract additional fees:
“What about any credit card fees? I’ve heard rumors that credit card companies charge it as a cash advance, resulting in additional fees. This drastically changes my position on using credit cards to buy. Unless you can use a Visa pre-paid, the additional fees could be a dealbreaker.”
All the same, thing is, this is an excellent deal for XRP and other crypto users who may not have time to make wire transfer more so when there is an opportunity to capitalize price moving news.
Candlestick Arrangements

At the time of writing, XRP is up 11.1 percent and 3.2 percent in the last 24 hours. No specific XRP or Ripple related news is pumping prices. So, we reckon that XRP prices are up partly because of resurgent Bitcoin prices and new streams of supportive fundamentals.
Although prices are up, our trade conditions are not yet valid, and prices are trading below 35 cents–the 50 percent Fibonacci retracement level of Dec 2018 high low.
Unless otherwise there are price upswings that trigger risk-off positions, we recommend patience despite Feb 18 rally confirming the double bull reversal pattern of Feb 8. It’s only after when XRP bulls drive price above Jan 14 highs that risk-off traders can buy on dips with first targets at 40 cents and later 60 cents–Dec 2018 highs.
Technical Indicators
Volume is on the rise, and Feb 18 bar had high volumes–52 million, above those of Jan 30–49 million and even those of Feb 8–35 million. Technically, this is bullish, and in an effort versus result analysis, buyers may have the upper hand. However, it would be perfect if Feb 18 bar had high volumes above Jan 10–83 million.
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Bitcoin (BTC) Resurgence, Adoption and Regulator Shift Likely Triggers

 

Bitcoin prices up 8.3 percent in the last week

Adoption levels could be pumping prices

Transaction volumes on the rise

 
Good news is bulls are back. Even with increasing prices, investors and traders have their eyes set on adoption trends. Encouragingly, adoption is on the rise, and now that our previous Bitcoin (BTC) trade plans are live, odds are the next wave of bulls will drive prices towards $6,000.
Bitcoin Price Analysis
Fundamentals
There is an expansion. It seems like the precipitous rise and eventual fall of BTC prices did more good than bad. Yes, prices fell to record lows, and at some point, industry commentators, as well as traders, had strong fundamental reasons to believe that Bitcoin–will despite the fanfare drop, to $3,200 and sub-$2,000 levels.
However, that has not been the case. It’s a recovery, and as prices bottom up, Bitcoin is surely and methodically matching towards its ultimate objective of being a global reserve currency. Skeptics may call this a pipe dream but when we factor in the cyclic nature of prices, the enormous strides made in the last decade and the ballooning fundamentals factors, there is a strong case to argue that Satoshi’s dream wasn’t narrow.
Aside from price action, we note that regulators are thawing to the idea of BTC and the more open up their tax lines partnering with crypto payment processors as BitPay, demand for the coin will keep swelling. Add that to developments like Trading View shifting away from fiat and denominating their premium plans in BTC and Domino’s Pizza accepting BTC via the ever-growing Lightning Network, Bitcoin medium of exchange capability is revealed.
Candlestick Arrangement

Compared to other coins, BTC is under-performing. At spot rates, the currency is changing hands at $4050–data streams from BitFinex and up 8.3 percent in the last week. It may appear, but Bitcoin (BTC) price swings usually have a magnifier effect on altcoin prices.
Because our trading plans as laid out in previous BTC/USD price analysis are now valid, and prices are trending above $3,800 minor resistance and buy trigger line at the back of decent, above average volumes, risk-off traders can fine-tune entries in lower time frames.
That means every price dip is technically a buying opportunity with the first target at $4,500. On the other hand, risk-averse, conservative type of traders can wait for high-volume expansion above $4,500. From candlestick arrangements and Fibonacci rules, odds are any break above $4,500 could finally thrust prices to $4,500–$6,000 zone.
Technical Indicators
Endorsing our outlook is Feb 18 bull bar. Volumes backing this rally is above average at 37k exceeding those of Feb 8 and that of Jan 10.
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Ripple (XRP) Boss: Bank-Issued Digital Assets A Deeply Misguided Idea

Ripple price edge lower
Brad Garlinghouse says bank issued currencies doomed to fail
Transactional volumes low

JPM Coin is a bank-issued coin, but it will fail if we factor in Brad Garlinghouse analysis. A synergy is mandatory, and Ripple’s InterLedger Protocol can solve their need. Meanwhile, XRP prices are down and trending inside Feb 8 high–low.
Ripple Price Analysis
Fundamentals
Back in 2017, David Schwartz, Ripple’s Chief Cryptography officer conceded that it would be years before banks adopt distributed ledger technologies. Backing his reasons were scalability and privacy issues. That was then, and right now, we have a new contestant in the sphere—JP Morgan and Chase backed JPM Coin, a stable coin that will serve three functions: eliminate locking of capital in foreign accounts, facilitate inter-bank settlement and be used by the bank for securities transactions. Because these coins are bank-issued, Brad Garlinghouse says they will fail. In a LinkedIn post he says:
“A bank-issued digital asset can only really efficiently settle between the banks who issued it. Then, two scenarios can play out. Scenario one: all banks around the world put aside competitive and geopolitical differences, adopt the same digital asset, agree on its rules, and harmoniously govern its usage. Fat chance. Scenario two (the more likely scenario): banks not in the issuing group issue their digital assets with their own sets of rules and governance.”
Candlestick Arrangement

At the time of press, each XRP was changing hands at 30 cents, and this is the seventh straight day of low-range, low volatility price action. Aside from upswings of Feb 8, Jan 30 and those of mid-Dec, the simple fact is that Ripple (XRP) prices are still moving inside Feb 8, high-volume bull bar. That is very bullish.
From a top-down approach, prices are oscillating inside Sep 2018 bull bar, placing bulls at a vantage point. All in all, our last Ripple (XRP) price analysis is valid, and with clear buy triggers at 34 cents, trend continuation is dependent to the levels of market participation and resultant range that will propel prices from current lows.
Technical Indicator
Volumes are low—averaging 15 million. That pales in comparison to those of Feb 8—at 35 million or Jan 30—at 49 million. Ripple (XRP) will only be bullish once a bull bar with volumes exceeding 49 million prints above 34 cents.
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Bitcoin (BTC) Validation as Jamie Dimon’s Sentiment Shift

Bitcoin prices ranging with clear supports at $3,400-500 zone
JP Morgan and Chase rolls out a stable coin, JPM
Transactional volumes average 10k, not enough to trigger buyers into action

With the release of a banker’s stable coin, JPM Coin, crypto is technically valid. As such, we expect more bankers to follow suit endorsing the tech. That may help resuscitate Bitcoin (BTC) prices and lift them above $3,800 complete with high market participation.
Bitcoin (BTC) Price Analysis
Fundamentals
Eventually, everybody does go down the endless rabbit hole call crypto. Many no-coiners are back, retracting their earlier comments and finding a corner in the ever-accommodating crypto ship. The technology is still in shallow waters, the journey promises to be extended (if not turbulent), and JPM Coin is the latest stable coin soldier to join the ranks.
It got many by surprise and as Jamie Dimon’s bank finally realizes that the underpinning tech is here to stay. The announcement is also an endorsement to crypto and their realization that re-adjustment of their business model is the only way for them to maintain and rebuff competition.
Ordinary traders won’t use the coin as JPM will specifically find use in bank-to-bank settlements. All the same, the entry of big businesses like JP Morgan is a big plus, legitimizing everything that crypto holders have always insisted on—speed, efficiency, and control.
BTC/USD Price Analysis

Still, Bitcoin (BTC) prices are flip-flopping, and even with a defined short-term trend, buyers cannot muster enough momentum. Towing in line with all our last BTC/USD price analysis is the need for market participation. A simple glance into the volumes charts and it is clear that something is lacking. Firstly, note that the failure of prices to inch higher is due to shrinking volumes.
Compared to mid-Dec 2018 highs of around 30k, recent averages are wallowing at about 10k. That’s a 66 percent decrease and a significant cause for this horizontal accumulation inside Feb 8 high low. Technically, prices are trading inside a double bar bull reversal pattern within a larger bear breakout pattern with resistance at $6,000.
Triggers are at $3,800, $120 away from current rates. Therefore, even if we are net bullish, we need to see a shift in momentum and consequent confirmation of our bullish stance as prices rally above $3,800.
Technical Indicators
Volumes are low, and as aforementioned, it has been negative sloping over the last 50 days or so. Because of low averages—around 10k, prices are in range mode, and for validation of our immediate triggers, bulls must thrust prices above $3,800 with high volumes exceeding 32k of Feb 8.
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The Lightning Pump, Bitcoin Adoption Inevitable as BTC Prices Inch Higher

Bitcoin prices are technically bullish, must close above $3,800
Lightning Network picking up, Domino’s Pizza now accepts Bitcoin via LN
Participation levels have been shrinking, volumes behind a bull confirming bar must exceed 35k

From the look of things, Bitcoin adoption will be fast-tracked by the Lightning Network. Elizabeth Stark’s project recently got a boost. At this rate, it appears as if it’s a matter of when before BTC prices rally to $6,000.
Bitcoin Price Analysis
Fundamentals
It’s the month of love, and it seems like merchants are in love with the Lightning Network. Many don’t agree with their off-chain option. Nonetheless, that is the modus operandi of Elizabeth Stark’s LN. Because of this implementation, the Bitcoin legacy network is scalable. Besides, it allows instant transactions without confirmation time worries.
These properties are perhaps the reason why the number of supporting nodes and channels are increasing. As nodes pick up, the total network capacity is also expanding and at the time of press, statistics indicate that the LN capacity is at $2.4 million—or around $645 BTC.
Remember, LN is still in beta. Now, new businesses are interested in allowing their clients to pay for merchandise or services using their Bitcoins via the LN. The latest addition is Domino’s Pizza, a multi-billion-dollar business with more than 15,000 branches all almost all continents of the world including China.
Candlestick Arrangements

Market participants are expectant, and after 13 months of damaging lows, BTC buyers are trying to wrestle control from bears. Prices are stable but encouragingly up 5.7 percent from last week’s close. All the same, BTC is under immense sell pressure despite gains of Feb 8 when at one point, the coin registered double-digit gains.
The good thing, despite possible downturns, is sellers are yet to reverse losses and trending inside Feb 8, high-volume, wide-ranging bar meaning buyers are technically in charge. However, there must be evidence from candlesticks. Therefore, it is only after prices race above at $3,800—according to data from BitFinex, that aggressive traders can comfortably load up on dips. Our immediate buy targets will remain unchanged at $4,500 with the pace of this target being hit depending on market participation levels.
Technical Indicators
In a defined trend, buyers—as we have mentioned, have to prove their mantle. Market participation levels have been low, shrinking in the last two months from around 33k in mid-Dec to about 10k as registered yesterday.
For buyers to be in control, a bar that prints above $3,800 triggering short-term bulls should have high volumes—exceeding 10k (recent averages) and 32k of Feb 8.
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XRP Arrows Up as Ripple Inc Fund Projects Promoting Coin’s Use Cases

Ripple prices are stagnant along 30 cents
Wietse Wind to receive funding from Xpring
Transactional volumes likely to pick up as XRP prices recover

It’s all about the ecosystem and Ripple—via Xpring, are actively building that. With their funding of Wietse Wind, his project, XRPL Labs will only generate more XRP use cases. In turn, XRP prices will pump and rally from 30 cents.
Ripple Price Analysis
Fundamentals
There are several Ripple-news making headlines that could impact prices from a fundamental point of view. To begin with, Binance collaboration with Simplex—an Israeli based Fintech that says it enables payments while defeating fraud, is precisely what the Ripple and XRP community needs.
While at it, a Director at Xpring—a wing of Ripple tasked with investing and incubating projects lead by serious entrepreneurs–Vanessa Pestritto, said Xpring would collaborate and fund XRPL Labs—a brainchild of three developers lead by the ever-innovative Wietse Wind.

I cannot describe what I feel right now, but I'll try … Starting today @baltazar223, @ThisIsTRISS and I will be officially working full time on building a few killer XRPL apps… Thanks to Xpring funding https://t.co/dhgErN2EBl
— Wietse Wind (@WietseWind) February 13, 2019

Wietse is an active member of the Ripple community, and according to Vanessa, he is active, developing solutions and use cases promoting InterLedger protocol and other projects that are built on top of the XRP Ledger. With this partnership, Wind will now be working full time at XRPL Labs and join the likes of Stefan Thomas of Coil and Thomas McLeod of Omni.
Candlestick Arrangements

At the time of writing, XRP is changing hands at 30 cents, up 4.5 percent in the last week. Just for comparison, LTC—now the fifth largest coin, is up 26.2 percent in the same time frame.
Given this stagnation in the last few days, our previous XRP/USD trade plan is valid, and unless otherwise there are sharp gains (or losses), resulting in expansion above our minor resistance level, we shall recommend holding a neutral but bullish outlook.
Like before, our analysis is anchored on Feb 8 bull bar. While bouncing off the main support line, there is a clear double bar bull reversal pattern mirroring that of Jan 29-30. It emphasizes the significance of 30 cents as a primary support level and a price tag of interest.
Because prices are still oscillating inside this wide-ranging bar, it is positive for XRP. Especially when we factor in volume indicators. All we need are confirmatory surges above 34 cents. Once this print, it will surely light up price action, drawing XRP demand that would eventually pump prices towards 40 cents and 60 cents.
Technical Indicators
Volumes are shrinking, and the only catalyst necessary for increased participation is if prices rally above 40 cents. For that to happen, accompanying bull bar should have high trade volumes above those of 49 million of Jan 30.
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Tron’s Adoption Drive Not Paying Dividends? TRX Meltdown

Tron prices bearish, on a downtrend, retesting main support
BitTorrent partner with TronCard via Grid as they drive towards adoption
Transaction volumes shrink 50 percent from averages of 16 million to 8 million

It’s all about adoption, and as Tron Foundation strike partners, BitTorrent is partnering with TronCard. Users will carefully spend their TRX spurring demand especially if the application is seamless. It is the necessary building blocks needed for TRX to rally from 2.3 cents to 6 cents.
Tron Price Analysis
Fundamentals
For cryptocurrencies and digital assets to make waves, then coin expenditure is mandatory—not just holding. As rightful owners of BitTorrent, it is good news that TronCard is partnering with BitTorrent days after a successful ICO and consequent listing at various exchanges.
TronCard runs via Grid, a new concept designed specifically for prepaid cards. In this arrangement, a user receives a TronCard preloaded with TRX just like they would have a regular credit or debit card. However, unlike other cards, owners receive interest ranging between 2.5 percent and 3.5 percent of their total TRX holdings.
The card is technically a Tron wallet with a Poppy interface. As a result, TronCard is a simple yet powerful and versatile option for everyone promoting cryptocurrencies and their eventual adoption. With Grid—a product built on the Tron platform, integration, not only will users enjoy a smart wallet and anonymity, but there will be the comfort of using a secure wallet that is regular–but better– than the mainstream.
Candlestick Arrangements

It is highly likely that TRX is re-calibrating and shaking off the pumping effect of late Jan 2019. At spot rates, the coin is changing hands at 2.3 cents and down 8.4 percent from last week’s close. Because of sellers pressing the gas pedal in the last few days, TRX prices are back to our main support line and could even break below the lows of the double bar bull reversal of Jan 20-21.
From our last TRX/USD trade plan, we said such an event could trigger losses towards 2.1 cents completely invalidating our overall bullish stance of TRX.
Ideally, what we want to see is a recovery above 3.1 cents—Jan 27 highs as bulls of late Dec and throughout Jan are confirmed. After that, it is likely that the bull breakout pattern of Jan 8 will hold as prices snap back to trend rallying above 4 cents and above 6 cents.
Technical Indicators
With every low, participation levels shrink—averages are down from 16 million of late Jan to around 8 million as registered on Feb 13. If anything, this is negative, and all that we need for bull trend resumption is an injection of buy demand pumping prices above 3.1 cents with high trade volumes exceeding 42 million of Feb 4.
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Fees Are “Ungodly”, Buy XRP at Binance Using Your Credit Card

Ripple Prices under pressure but bullish
Buy XRP using your credit card at Binance
Transactional volumes are below average

Good news is Binance is opening up new demand corridors after finally allowing users to buy XRP and other cryptos using their credit card. Undoubtedly, this will help fuel demand and prop XRP prices that risk dropping below 30 cents.
Ripple Price Analysis
Fundamentals
The maverick founder of Binance, Changpeng Zhao has confirmed that indeed one can purchase XRP using their credit cards. If you remember well, buying digital assets via credit cards was something frowned upon by banks.

A friend of mine tried to buy xrp on Binance with a credit card last night and it wasn’t available yet. Checked this morning and it is now live. You can purchase XRP with your debit or credit card. 3 for $1 but not for long baby! #xrparmy #xrpcommmunity https://t.co/hP0c4VGGRd
— XRP and beyond (@XRPcryptonation) February 11, 2019

During the last leg of a bull run that saw asset prices more than quadruple, investors, as well as speculators armed with nothing more than a superficial knowledge of what they were getting involved with, didn’t hesitate to spend everything they had not to miss out.
While others sold their personal belongings including houses, others decided to use their credit cards. Unaware of how volatile prices were at that time, JP Morgan and UK’s Lloyd Bank took it upon themselves, barring their customers from buying crypto using their credit cards. That soon became the norm.
Nonetheless, Changpeng Zhao and Simplex are ready to change this narrative. Aside from fees which some say are “ungodly,” users can now buy XRP using their credit card.

Sorry Binance, I usually recommend your exchange. I cannot recommend your direct purchases with credit card. The fee is ungodly. That same BTC if purchased $4000 would yield $140 in fees! VS.. @UpholdInc at the same purchase and market rate would yield $42 in fees.
— Travis Pipoly (@ProjectsUnltd) February 12, 2019

Candlestick Arrangements

Meanwhile, prices are on a recovery path—that’s from what we can see. Even so, we shall take the cautious route and, in a wait-and-see approach, steady up for a massive, high-volume breakout above significant resistance and buy trigger line at 34 cents.
The level is a minor resistance line defining the tops of the double bar bull reversal pattern of Jan 13-14. It also marks the highs of Jan 30 while simultaneously flashing with the all-important 61.8 Fibonacci retracement level anchored on Dec 2018 high low.
From the chart, it is clear that we have a double bottom thanks to the rejection of lower lows in late Jan and early Feb. Since we are bullish, drawing guidance from price surges of late Sep 2018, the only time we shall consider taking buy opportunities is when there is sufficient evidence from the chart. That is when prices race above 34 cents as laid out in previous trade plans.
Technical Indicators
Prices are ranging inside Feb 8, high-volume bar. Coincidentally, the same bar is oscillating inside the conspicuous bar of Jan 30. With abnormal volumes of 49 million according to data streams from BitFinex, the only confirmation that will sync with our assertion is when prices print above 34 cents complete with above average volumes exceeding 15 million—our recent averages and 49 million of Jan 30.
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Tron (TRX) Ready For the $5.6 Billion South Korea’s Gaming Industry

Tron prices slide 8.5 percent in the last week
Roy Liu, the business development manager, signs a deal with two of South Korea’s gaming associations
Transaction volumes low, recovery depends on bull trend resumption

The Tron Foundation may be hard at work, but market dynamics are exerting pressure on TRX. It is down 8.5 percent in the last week despite Roy Liu signing an MoU with two of South Korea’s leading gaming associations.
Tron Price Analysis
Fundamentals
Without a shadow of a doubt, Tron Foundation is ambitious. Evidence of their activity driving towards their objectives of decentralizing the web and correcting what many call the old sins of the World Wide Web is all over the place. We can start with BitTorrent and BTT ICO. Not only was it an overwhelming success but the TRC-10 token valuation is up meaning the Foundation is in green.
That’s not all. Seventy-five days after the announcement of the Tron Arcade, there is movement. Roy Liu, who is the Business Development Manager at Tron, has signed an MoU with two gaming associations–Korea Mobile Game Association (KMGA) and the Korea Blockchain Contents Association (KBCCA) — in South Korea.
Apart from the Kimchi Premium and widespread cryptocurrency adoption, the SE Asia country is the world’s fourth largest gaming market. According to GamesIndustry.biz, the global gaming industry generated $134.9 billion in 2018, a 10.9 percent increase from 200. In South Korea, gamers spent $5.6 billion in 2018 alone. As such, it is evident that Tron wants to get a foothold and be a preferred platform in the ever-expanding gaming market. After all, the objective of Tron Arcade is to:
“Empower developers to create and execute on their ideas, to introduce new games and content into an autonomous ecosystem, and to build a strong community of content and entertainment.”
Candlestick Arrangements

Like yesterday, TRX prices are no better. Despite our positive outlook, the coin is under immense pressure. In the last week, for example, the currency is down 8.5 percent.
With buyers failing to generate momentum and recoup losses, the gap between Stellar and TRX is narrowing. As I write this, the difference stands at $113 million meaning further breakdown could see a possible XLM—TRX flip.
All the same, we maintain a bullish projection, expecting prices to recover and align with pre-BTT ICO bulls set in motion in mid-Dec 2018. From our analysis, any break below 2.3 cents could see TRX prices slide to 2.1 cents. That will automatically take us out of this trade.
However, if prices surge above 3.1 cents snapping to trend and realigning with bulls of Jan 14 and 21, our TRX/USD trade plan will be on course, and prices will easily print and close above 3.1 cents.
Technical Indicators
There is a divergence, volumes are increasing, but prices are dumping. If there is a breakout below 2.3 cents, sellers would be in charge. Confirming this shift of momentum would be high volumes exceeding those of Feb 4—42 million and recent averages of 12 million.
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Bitcoin (BTC) Could “Die” If Block Size Is Reduced From 1MB To 300KB

Bitcoin prices bullish and ranging
Proposal to slash block size to 300kb resuscitated
Transactional volumes low but likely to expand as BTC demand pick up

Luke J is putting forth a bid to reduce block size from 1MB to 300kb. Without a doubt this will affect BTC prices should it make it as a BIP or as a pull request. Meanwhile, BTC prices are consolidating and could print higher if they race past $3,800.
Bitcoin Price Analysis
Fundamentals
There is another twist to the Bitcoin Block size debate. A Bitcoin developer, Luke j, is writing code on the Bitcoin source code in a proposal seeking to further reduce block sizes from 1 MB to 300 Kb. As we know, the topic of block sizing is always contentious drawing criticism and praise in equal measure.
The last time we had a Bitcoin legacy hard fork was at the height of the previous ICO pumped rally when BTC prices were trading at around $8,000 apiece. Proponents of Segwit 2X saw it fit for block sizes to increase from 1MB to 2MB.
After their pitches flopped, Roger Ver and crew formed Bitcoin Cash with the endorsement from Wu Jihan who has since stepped down as the CEO and co-founder of Bitmain. Doubts abound. Critics think Luke’s proposals will quickly die.

1) Same timeframe as BIP148 (and frankly still too far off for comfort – we needed this yesterday)2) No, there is no reason to prefer Segwit transactions. The bias we have now is breaking incentives / harmful.3) Segwit was controversial too. That doesn't guarantee a split.
— Luke Dashjr (@LukeDashjr) February 11, 2019

However, if there is consensus culminating to a block reduction from 1MB to 300kb, Lightning Network stands to be the primary beneficiary. In a worst-case scenario, transactions will migrate to other scalable platforms as Litecoin, and even Nano are certified fast, settling almost instantaneously. It is still a long way from being considered. Once his proposal evolves to a BIP or a pull request, that’s when it will start ruffling feathers.
Candlestick Arrangements

At the moment though, BTC prices are steady and doing what it has been doing in the last three days or so—it is flat. However, the fact that it is trading within tight trade ranges and inside Feb 8 high low, is positive for traders and holders.
Before traders load up, it is super important for prices to edge past $3,800. The emphasis on $3,800 is clear. It is the 50 percent Fibonacci retracement line of Dec 2018 high low. Apart from that, the level marks the tops of the double bar bull reversal pattern of Jan 13-14.
Therefore, while there appears to be urgency, patience is the bottom line. Once our trading conditions are live, risk aggressive traders can aim at $4,500 and later $6,000.
Technical Indicators
Volumes are low as price action range. Like in our previous BTC/USD trade plan, any bar that reflects underlying demand should be at the back of high volumes first exceeding averages of 10k and most important 35k of Jan 30—which is above Feb 8’s 32k—according to data from BitFinex.
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XRP and Ripple Stand to Benefit if the World Bank and McKinsey Projections are True

Ripple prices are stable but bullish
SendFriend receives $1.7 million from Ripple and three other companies
Transactional volumes are unexpectedly low four days after Feb 8 expansions

Despite Cory Johnson exiting the company, XRP is stable as Ripple invests in SendFriend. XRP prices stand to break above significant resistance levels. What we would like to see is first prices printing above 34 cents as bulls of Jan 30, and Feb 8 are confirmed.
Ripple Price Analysis
Fundamentals
Let’s crunch in some numbers. In 2016, the World Bank estimated that workers from all over the world would remit $575 billion. Out of this, remittance to developing countries would make up $429 billion.
It is from these developing countries like the Philippines where SendFriend plans to open a payment corridor linking the country with the US. As impressive as it is, these statistics confirm previous findings from Mckinsey. In their 2015 report, they projected that by 2020, the global movement of funds would generate an approximate $400 billion as new payment rails improve efficiency and drastically slashing down costs.
They go on and say that despite scrutiny of distributed ledger technology, analysts postulate that blockchain technology will be extraordinarily vital and shaping not only in banking but payments in particular. Their projections seem to be coming true. Trending news has it that SendFriend has received a $1.7 million in capital from Ripple and two other companies. Their objective is to reduce fees by a whopping 65 percent.
Candlestick Arrangements

Four days after expanding, XRP prices are stable. There is no discernible movement in the last few days. As visible from the charts, prices are oscillating within a tight trade range inside Feb 8 high low. Like in all our previous XRP/USD price analysis, we maintain a bullish outlook expecting confirmation of Feb 8 bulls.
After all, buyers are in control in an effort versus result point of view. Besides, the double bar bull reversal pattern of Sep 2018 is now valid courtesy of bull bars of mid-Dec 2018, those of Jan 29-30 and on Feb 7-8. Any surge above 34 cents would trigger a bull run that would eventually propel XRP towards 60 cents.
Technical Indicators
In the short-term, we retain a bullish outlook. However, for this position to be correct, prices must first print above 34 cents as aforementioned. That means XRP prices should rally and register possible double-digit gains. Backing this surge should be high volumes exceeding recent averages of around 15 million and even 42 million of Jan 30.
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