BTC has flashed a buy signal in the 12-hour chart. Bitcoin has dropped from $11,085 to $10,265 over the last five days, falling below the The European Commission revealed Thursday it plans to regulate cryptocurrencies in an effort to make them safer for owners and investors. The Covid-19 wreaked havoc in market in March … and it hasn’t been the same. The Bloomberg Galaxy Cryptocurrency index, gold and silver, have all moved in near lock-step since the Covid Crash (particularly in speculative cryptocurrencies). What caused the change in relative pricing before and after the Covid Correction in March? Cry havoc and… In this overview, we will discuss the main issues of trading cryptocurrencies. A cryptocurrency is a digital (virtual) financial asset… The blockchain to build a space shuttle: we don’t really believe it! But blockchain would still have a role to play in terms of regulation, in lunar exploration or in that of other planets. Space does not belong to anyone and belongs to everyone, so decentralization makes sense. And why not even imagine, as an …
BTC has flashed a buy signal in the 12-hour chart. Bitcoin has dropped from $11,085 to $10,265 over the last five days, falling below the symmetrical triangle formation in the process. This Wednesday, the price tumbled down after encountering resistance at the SMA 20 curve.
Ethereum has been on an unstoppable breakdown following yet another rejection from levels around $390. While several support zones, including $380, $360 and $340 failed to hold during the downtrend, the smart contracts giant token has embraced support at $310. This is the second time Ether is trading lows of $310 in September.
TRX is priced around $0.025 as the bears managed to eke out an advantage this Wednesday. Over the last three weeks, the price has dropped from $0.04 to $0.025, charting a 37.5% drop in valuation.The 4-hour price has failed to have a bullish breakout from the descending wedge pattern.
Author: Published 13 hours ago
European Commission seeks to regulate cryptocurrencies
Sept. 24 (UPI) — The European Commission revealed Thursday it plans to regulate cryptocurrencies in an effort to make them safer for owners and investors.
The commission said their plans seek to ensure consumers have protection and financial stability needed as the use of cryptocurrencies expand.
The commission announced plans that include strategies to address digital finance, retail payments and legislative proposals for a regulatory framework in Europe on crypto-assets. It will also present proposals on regulatory framework on digital operational resilience.
Its digital finance strategy will work to make the financial service industry more digital-friendly and spark innovation and competition among financial service providers. The strategy will look to give consumers more access to financial products across borders and that Fintech start-ups scale up and grow.
“It will ensure that E.U. financial services rules are fit for the digital age, for applications such as artificial intelligence and blockchain,” the commission said in a statement. “Data management is also at the heart of today’s strategy. In keeping with the commission’s broader data strategy, the objective of today’s measures is to promote data sharing and open finance, while maintaining the E.U.’s very high standards on privacy and data protection.”
The commission’s retail strategy seeks to help customers make retail payments safely and conveniently while legislative proposals will seek to offer more protections for users.
“Safeguards include capital requirements, custody of assets, a mandatory complaint holder procedure available to investors, and rights of the investor against the issuer,” the commission said. “Issuers of significant asset-backed crypto-assets (so-called global ‘stablecoins’) would be subject to more stringent requirements.”
Author: Clyde Hughes
Cryptocurrencies, Gold, Silver Moving Together Since Covid Correction In March (Cry Havoc!)
The Covid-19 wreaked havoc in market in March … and it hasn’t been the same.
The Bloomberg Galaxy Cryptocurrency index, gold and silver, have all moved in near lock-step since the Covid Crash (particularly in speculative cryptocurrencies).
What caused the change in relative pricing before and after the Covid Correction in March?
Cry havoc and let slip the dogs of … The Federal Reserve.
How to Trade Cryptocurrencies: a Guide for Beginners
In this overview, we will discuss the main issues of trading cryptocurrencies. A cryptocurrency is a digital (virtual) financial asset. Operations with such assets remain safe thanks to various methods of cryptography. Cryptocurrencies are still a rather new but already popular financial instrument.
All the main cryptocurrencies are traded in crypto exchanges, which are modern platforms for buying/selling cryptocurrencies. You can register in a crypto exchange directly and carry out operations with various cryptocurrencies. However, if you plan to use one account for trading cryptocurrencies and other financial instruments (currency pairs, stock indices, oil, gold, etc), you will need to open an account in a broker company.
Apart from the opportunity to trade various assets on one account, a broker provides access to different trading platforms. A modern trading terminal allows using advanced methods of tech analysis, setting up necessary indicators and expert advisors, and controlling risks.
To start trading cryptocurrencies via a broker, you only need to open an account in a broker company with the conditions suitable to you.
First, register your Personal Member’s Area in a broker company (provide your e-mail and create a password) and get your personal information verified. As a rule, verification requires a scan of a document or two that confirm your identity and dwelling address. The procedure does not take long, normally up to two days.
Then study the types of trading accounts on the company’s website very carefully. The trading conditions of different account types may differ significantly. So, you need to choose an account with the conditions optimal for you and a trading platform. When this is done, open your PMA and deposit the account (there are plenty of ways to do it). Install a trading terminal – and get started.
The conditions may vary depending on the broker company. Let us have a look at the conditions in RoboForex:
- Minimal deposit – 10$
- CFDs for 26 (the number depends on your account type) popular cryptocurrencies available
- 24/7 trading
- Several trading platforms: MT4, MT5, WebTrader, RTrader
- Leverage up to 1:50
- Execution type: Market Execution
- Floating spread and a fixed commission fee for certain trading volume (on certain accounts).
When creating and analyzing a trading plan, use the tech analysis of the chart and the current fundamental background:
- Tech analysis is a method of forecasting changes in the price of an asset by analyzing the chart of the previous period. Tech analysis helps detect the actual trend, draw important support/resistance levels and lines, or find various patterns on the price chart. Technical indicators provide additional trading signals.
- Fundamental background means current market and financial details that influence the price of the asset. Cryptocurrencies are mostly influenced by the news, as well as the ICO, mining, capitalization, fork, halving, new law drafts, possible bans, etc. Also, the price of the Bitcoin and other crypto leaders influences other crypto assets.
Crypto prices are characterized by increased volatility. If a day is extremely active, the price may fluctuate by 10-20%, even over 50%. For example, on March 12-13th, the Bitcoin price fell abruptly from about 8,000 USD to under 4,000 USD. It turns out that in those two days, the Bitcoin became 50% cheaper. It may grow as quickly if the demand is increased.
Seeing such surges on the chart, beginner traders may have a false impression that cryptocurrencies can bring a huge profit almost every day and that making money in the market is very easy. However, practice shows quite the opposite: about 90% of beginners lose their money right after they start trading. To reach a stable result in trading, you will have to put a lot of effort into it.
Unfortunately, the safety of crypto trading is far from perfect yet. We often hear about this or that exchange hacked and the users’ assets stolen. Moreover, the creators of exchanges are sometimes frauds who try to steal money from traders.
That is why trading via a famous broker company that boasts all licenses, many years of successful work, and an immaculate reputation seems more reliable. The company’s assets are kept on bank accounts, and its business is officially regulated.
You can find a more detailed comparison of brokers and exchanges in the article Trading Cryptocurrencies: Exchange vs Broker.
In essence, trading cryptocurrencies via a broker does not differ from trading anything else. I would single out two main approaches to trading cryptocurrencies:
- Long-term investing is a simple and quite clear strategy with the main principle “buy and hold”. You need to analyze fundamental factors and choose an attractive cryptocurrency (or several). It may be a top cryptocurrency or a very young one but promising. Buy with minimal leverage or without it. For your profit to become substantial, you will need to wait.
- Active trading is short- or medium0term trading with leverage. Decisions are usually based on tech analysis. The means of trading include support/resistance levels and lines, price, candlestick, and Price Action patterns, signals from indicators. Almost all Forex strategies apply to cryptocurrencies.
Trading cryptocurrencies that feature bursting volatility entails increased risks. Hence, to avoid losing the whole of your deposit in one or two losing trades, you need to control risks. To do it, we use risk management.
The main rules of risk management when trading cryptocurrencies are as follows:
- Any trade may turn out to be losing – you have to limit possible losses in advance (the simplest way is to place a Stop Loss);
- Enter the market strictly by the plan, do not dare to enter if there are no clear signals from your tactics. Fill in your trading diary;
- Limit your losses per trade (by, say, 2%). Set a “red line” for a series of losing trades – for example, if your losses in a series of trades reach 20% of your capital, stop trading and analyze your mistakes: whether your strategy is erratic, or you are overwhelmed with emotions;
- Use a good risk-to-profit ratio. Try to find and open technically correct positions with the ratio of ½, 1/3, at least;
- Stay disciplined. Controlling your emotions is crucial for trading. Your fear, greed, fear of losses, or excitement – you have to control all these emotions lest they multiply all your emotions by zero.
Regardless of being young, cryptocurrencies have stepped confidently into the world of trading, taking a special niche in it. Availability, diversity, and bursting volatility make cryptocurrencies a popular instrument for trading.
You can trade cryptocurrencies on either special exchanges or via a reliable broker. Anyway, you have to remember that cryptocurrencies are a risky financial asset, and risk management is essential for long-term success.
Let us have a look at the charts of certain stocks of airlines companies and single out those that still may grow.
Author: Author: Victor Gryazin
What if Elon Musk’s Space Conquest went through the Blockchain? – Cryptocurrencies
The blockchain to build a space shuttle: we don’t really believe it! But blockchain would still have a role to play in terms of regulation, in lunar exploration or in that of other planets. Space does not belong to anyone and belongs to everyone, so decentralization makes sense. And why not even imagine, as an inter-planetary currency, Bitcoin (BTC)?
The race to conquer space is relaunched and the blockchain would have a role to play.
The NASA aims to return to the Moon and possibly go to March ; she is currently looking for companies willing to collect samples from the moon.
The administrator within the NASA, Jim bridenstine, asserts that the ability to use resources locally – in-situ resources utilization or ISRU – is essential.
Brian Israel, speaking at theUC Berkeley Scool of Law in the sector of blockchain regulation, indicates in this context, the possibility of a future supply chain based on blockchain.
The retired astronaut, Chris Hartfield, explains in an interview with Forkast News that valuable mineral resources could be discovered on the Moon.
It is therefore important to anticipate the design of the necessary infrastructure to support this activity.
Hartfield believes that the development of the space industry represents an opportunity for the blockchain.
TheOuter Space Treaty of 1967 limits the jurisdictions of each country to Earth. In the absence of competent authorities to supervise them, questions of regulation of the activities of companies in space arise.
The solution could be the creation of a consortium managed by a set of smart contracts. This system of governance may require the payment of a substantial value within the consortium to comply with the rules and, for apply any sanctions.
According to Israel, governance could be at 3 levels: inter-governmental, intra-governmental and private.
The role of blockchain in this sector remains to be determined but, its decentralized nature is an important aspect which deserves to be taken into account.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.
What if Satoshi Nakamoto was actually an alien who came to Earth to bring blockchain to humans? The theory of ” all blockchain Will eventually find its limits. Like any new technology, the concept is selling well at the moment. It’s like putting on the shoulders of the blockchain all the hopes for a better life for humanity, some sort of one-size-fits-all solution to all problems.
Litecoin, welcome in the Silver Age