Yesterday, the NDX underwent a very large intra-day reversal; it could mark the beginning of a near-term run of weakness for U.S. markets. Daily forecast and trading signals of forex majors, commodities, cryptocurrencies and indices. Indian cryptocurrency exchange Wazirx is offering rewards for videos about how to buy bitcoin or other cryptocurrencies in India in all Indian languages, including Hindi, Tamil, Gujarati, Marathi, Kannada, Bengali, and Telugu. News.Bitcoin.com caught up with Wazirx CEO Nischal Shetty to find out how his program works. ‘How to Buy Crypto in India’ Videos in… More
The post ‘How to Buy Bitcoin in India’: Crypto Exchange Offers Rewards for Videos in All Indian Languages appeared first on BTC Ethereum Crypto Currency Blog. 700,000 Expedia Hotels Can Now Be Paid With Cryptocurrencies via TravalaMore than 700,000 Expedia Group hotels and accommodations are now available via crypto-friendly travel booking platform Travala. Bookings can be paid with more than 30 cryptocurrencies, including bitcoin. Despite covid-19, Travala saw a 170% Jul 14, 2020 (MarketersMedia) —
The increasing utilization of the military UAVs by the defense forces and the accelerating adoption of UAVs in various… Ethereum, the second most valuable cryptocurrency after bitcoin, has almost doubled in value so far this year—and the number of active ethereum addresses is growing at nearly twice the rate of bitcoin’s…
- Nasdaq 100 gapped higher then reversed strongly
- Could mark beginning of more near-term weakness
- S&P 500 and Dow Jones lagging far behind
The Nasdaq 100 underwent a strong reversal yesterday to the tune of over -4%, not your garden variety sell-off from an intra-day high. But will it lead to a pullback lasting more than a session or two? Perhaps not, but the risk is we see a bit more short-term weakness before possibly firming up again. Divergences amongst major indices though could be signaling a turn lower is or very nearly ready to take hold.
If the NDX declines back inside the short-term channel in place since April this will lead to a test of the top of the long-term channel in place since 2010. This could lead to some important turnabouts going forward. Because the NDX recently left the bullish structure built from a decade ago, it may mean that an acceleration higher (blow-off) is underway, and that we could soon see more upside after a smallish pullback. But perhaps the pop out of the top of the channel is an ‘overthrow’ that leads to a larger reversal. An overthrow is a smaller, less dramatic form of exhaustion that temporarily takes the market off its previous course (in this case higher outside the channel), but then leads to a significant turning point.
First thing is first, the lower side of the daily channel and top of the weekly channel could get tested here in the days ahead. A hold of this support would be constructive and keep the upside intact. However, a decline below the lower parallel on the daily, and more importantly a decline back inside the long-term bull channel would imply that we may have just witnessed an overthrow that is indeed signaling a larger top, and thus pointing to a meaningful decline. Hard to say at this point if this is the case.
But glaring divergence between the five-stock-heavy NDX (FANMAG – FB, AAPL, NFLX , MSFT, AMAZON, GOOG) and the broader S&P 500, Dow Jones, and other indices suggests things ‘under the hood’ of the market aren’t churning along so well. We shall soon see if that matters, or if money will rotate into other names.
Nasdaq 100 Chart by TradingView
Nasdaq 100 Chart by TradingView
The S&P 500 has been relatively weak by comparison to the narrow Nasdaq 100. It tried to break to a new five-week high yesterday, but was unable to do so. The best case for now appears to be it holds onto the range down to around the 2965-mark.
The Dow Jones is struggling to get above the 200-day, and still remains a good distance from the June high. It wouldn’t take much to get back down to the range-lows near 24843, or worse to the lowest levels seen since May. So while the NDX is flying high the other indices, without as much help from the market darlings, are struggling to hold up. This could change and turn into a period of catch-up, but the short-term and longer-term divergences on display may be signaling trouble ahead as we progress into the second-half of the year.
S&P 500 Chart by TradingView
Dow Jones Chart by TradingView
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Author: Paul Robinson
Forex Technical Analysis & Forecast for July 15, 2020
EURUSD has extended the wave up to 1.1420. Possibly, today the pair may form a new descending structure towards 1.1373 and then start another growth to reach 1.1390, thus forming a new consolidating range between these two levels. If later the price breaks this range to the downside, the market may resume trading downwards with the target at 1.1330.
After finishing the descending wave at 1.2480, GBPUSD is correcting upwards with the target at 1.2588. Later, the market may start a new decline to reach the short-term target at 1.2454.
USDRUB is consolidating below 71.23. Today, the pair may fall to break 70.55 and then continue trading downwards with the target at 69.90. Later, the market may start a new correction to reach 71.27.
USDJPY is still consolidating around 107.20. Possibly, today the pair may form a new descending structure to return to 107.00 and then start another growth to reach 107.50. Later, the market may resume falling towards 106.94 or even deeper, 106.60.
USDCHF is still consolidating around 0.9400. If later the price breaks this range to the upside at 0.9415, the market may resume trading upwards with the target at 0.9440 or even higher, 0.9550; if to the downside at 0.9388 – form a new descending structure with the target at 0.9366.
After completing the ascending wave at 0.7017, AUDUSD is expected to fall towards 0.6967 and then grow to reach 0.6991, thus forming a new consolidating range between these two levels. If later the price breaks this range to the downside, the market may resume trading downwards with the target at 0.6924.
Brent is moving not far from the upside border of the range. Possibly, the pair may break 43.30 and then continue moving upwards with the target at 45.00. After that, the instrument may start a new decline to return to 43.30 and then form one more ascending structure to reach 45.55.
After completing the ascending structure at 1805.00, Gold is consolidating around this level. If later the price breaks this range to the downside, the market may resume trading downwards to reach 1791.33 or even 1777.17; if to the upside – form one more ascending structure with the target at 1819.55.
After finishing the correction at 9260.00 and testing it from below, BTCUSD is expected to fall to break 9160.00. After that, the instrument may resume trading inside the downtrend with the target at 9000.00 or even 8700.00.
After the ascending structure towards 3185.0 and a gap up this morning, the S&P 500 Index is expected to reach 3240.4 and then fall to return to 3185.0, thus forming a new consolidating range between these two levels. If later the price breaks this range to the downside, the market may start a new correction with the target at 3111.1; if to the upside – form one more ascending structure towards 3300.3.
For a look at all of today’s economic events, check out our economic calendar.
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex
Any predictions contained herein are based on the author’s particular opinion. This analysis shall not be treated as trading advice. RoboForex shall not be held liable for the results of the trades arising from relying upon trading recommendations and reviews contained herein.
Author: Dmitriy Gurkovskiy4 hours ago (Jul 15, 2020 07:39 AM GMT)
‘How to Buy Bitcoin in India’: Crypto Exchange Offers Rewards for Videos in All Indian Languages
Indian cryptocurrency exchange Wazirx is offering rewards for videos about how to buy bitcoin or other cryptocurrencies in India in all Indian languages, including Hindi, Tamil, Gujarati, Marathi, Kannada, Bengali, and Telugu. News.Bitcoin.com caught up with Wazirx CEO Nischal Shetty to find out how his program works.
Indian cryptocurrency exchange Wazirx announced Monday that it is offering rewards for videos teaching about cryptocurrency, specifically on the topic of how to buy bitcoin and other cryptocurrencies in India. The exchange found that 90% of crypto explainer videos and blog posts are in English. While there are some in Hindi and a few in Tamil, the number of videos is “almost negligible in other languages.”
News.Bitcoin.com caught up with Wazirx’s CEO, Nischal Shetty, to find out more about this initiative. He explained:
We’re supporting all the Indian languages. Every language in India is important and more languages means more crypto adoption. Some of the examples of Indian languages are Hindi, Tamil, Gujarati, Marathi, Kannada, Bengali, Telugu etc.
According to Worldatlas, the most widely spoken language in India is Hindi, with over 551 million speakers, followed by English with more than 125 million speakers. Other popular languages spoken by more than 50 million people in India are Bengali, Telugu, Marathi, Tamil, Urdu, Kannada, and Gujarati. In addition, more than 10 million people in the country speak Odia, Malayalam, Punjabi, Assamese, and Maithili.
“India is big on video. Video learning is growing at a tremendous pace. We believe that video would be the best platform to spread the right information about crypto in India,” Shetty elaborated. “While we could create videos ourselves, we believe in collaboration. Hence we decided it was best to support videos creators.” He also tweeted urging his followers to “Create videos in Indian languages so that everyone gets to learn and understand the crypto revolution.”
Shetty confirmed that there are no length restrictions for the videos, emphasizing that “Different educators have different styles of explaining and we don’t want to constrain them.” He clarified that this is a pilot program and the first 25 such videos will be rewarded. “Based on response, we’re planning to expand this program to 1000 videos,” he further shared.
To participate, “You just have to create a video explaining how to buy crypto in India. Once the video reaches 1000 views, you need to submit this form,” the CEO described. The producer whose video meets this requirement will be rewarded 700 WRX, Wazirx’s native exchange token. WRX is currently trading at $0.137719, making the reward amount approximately $100 or 7,530 INR. Shetty shared with news.Bitcoin.com on Wednesday:
The campaign is growing fast. We’ve already seen over 10 submissions in different languages.
The Indian crypto industry is growing despite the coronavirus pandemic and economic crisis following the extended lockdown. Crypto exchanges have seen their trading volumes and signups soar. Last week, a major Indian corporation, Tata Consultancy Services (TCS), launched cryptocurrency trading solutions for banks. Before the covid-19 pandemic began crippling economies worldwide, the Indian crypto sector got a boost when the country’s supreme court quashed the crypto banking restriction by the central bank, the Reserve Bank of India (RBI). Now the Indian government is deliberating on how cryptocurrency will be treated in the country. The RBI has further clarified that bitcoin and other cryptocurrencies are legal and there is no ban on crypto exchanges, businesses, or traders in the country.
Which language do you most want to see an explainer video in? Let us know in the comments section below.
The post ‘How to Buy Bitcoin in India’: Crypto Exchange Offers Rewards for Videos in All Indian Languages appeared first on Bitcoin News.
The post ‘How to Buy Bitcoin in India’: Crypto Exchange Offers Rewards for Videos in All Indian Languages appeared first on BTC Ethereum Crypto Currency Blog.
Author: By TeamMMG
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Author: by admin
Unmanned Aerial Vehicle (UAV) Market Forecast Report (2020-2027) – Top Key Players Analysis
The significant factors boosting the growth of the Unmanned Aerial Vehicle (UAV) market include the increasing procurement of military UAVs by defense forces at the global level. UAVs are majorly used in life-threatening military missions, modern warfare techniques, and loitering munition. Additionally, the increasing adoption of UAVs in commercial application surveying & mapping, surveying & mapping, product delivery, monitoring, aerial remote sensing, and precision agriculture is further enhancing the market growth. The UAVs are being increasingly used in performing target perception, ISR missions, and electronic warfare as several countries’ defense ministries are investing in these capabilities driven by its cost-effective feature and helps in reducing casualties.
Continuous improvements in the flight control system as a result of the development of sense and avoid technologies are boosting the growth of the global unmanned aerial vehicle market. The growing usage of UAVs in advanced patrolling of marine borders and for counter-terrorism is paving the way for the growth of the market. In addition to this, the rising usage of advanced technology such as Artificial Intelligence (AI), Virtual Reality (VR), and the LiDAR sensor will bring innumerable growth opportunities in the market. However, the stringent airspace regulations will hamper the growth of the global Unmanned Aerial Vehicle (UAV) market.
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On the basis of the class, the small UAV segment is expected to experience a faster CAGR during the forecast period. This is due to the accelerating demand for small UAVs for surveillance and reconnaissance applications in the defense sector. Furthermore, the strong demand for small UAVs in the commercial applications such as precision agriculture, logistics & transportation, precision agriculture, wildlife survey, law enforcement, disaster management, and others will further enhance the growth of the segment.
Based on the application, the commercial segment is anticipated to witness considerable growth in the next six years. The emergence of UAVs for numerous commercial applications such as product delivery, monitoring, food delivery, surveying, remote sensing, and monitoring is the key driver surging the demand of the segment.
On the basis of the range, beyond the line of sight (BLOS) segment is projected to maintain its dominance over the forecast period due to the increasing relaxation in rules and regulation, which is boosting the demand of the segment in the market.
Based on the mode of operation, the fully autonomous segment is poised to expand in the next six years. The fully autonomous UAVs require no human intervention and are featured with pre-programmed features that help in the smooth operation of the system. All these factors are encouraging the end-users towards the adoption of the fully autonomous UAVs.
Based on the systems, the UAVs airframe segment is projected to be the fastest growing segment over the coming years due to the increasing adoption of advanced design and configuration in the UAVs market. In addition to this, the strong demand for the lightweight composite material is further enhancing the growth of the airframe segment.
On the basis of the region, the North American region is predicted to lead the global Unmanned Aerial Vehicle (UAV)s market over the next six years. This is due to the increasing usage of UAVs for border and maritime surveillance activities in North American countries, such as the U.S. and Canada. Furthermore, the growing adoption of commercial drones for agriculture application, security purposes, and engineering purposes will further surge the growth of the market in this region.
Read Full Unmanned Aerial Vehicle (UAV) Market Report Insights: https://www.gmiresearch.com/report/unmanned-aerial-vehicle-uav-market/
The key players of the Unmanned Aerial Vehicle (UAV) market include Elbit Systems, Israel Aerospace Industries, General Atomics, Northrop Grumman Corporation, Aeronautics, Saab SE, Aerovironment, Lockheed Martin, Boeing Company, Thales Groups, and SZ DJI Technology Co., Ltd. among others.
The research report on the global Unmanned Aerial Vehicle (UAV) market provides an in-depth analysis of the market revenue based on system, class, verticals, industry, type, range, Mtow, mode of operation, point of sale, and region for the forecast period from 2020 to 2027. The report highlights the major market drivers propelling the growth as well as challenges faced by the market participants. The research report also provides market size and forecast for the market. The report also analyses the competitive landscape, major players, and their strategies in 2019. The competitive landscape section of the report captures and highlights the recent developments in the market.
Browse our Related Reports:
Indian Unmanned Aerial Vehicle Market by Application, by Size, by Type of Control, by Aerial Platform, by Geography – Opportunities and Forecast, 2018-2025
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Ethereum Is Beating Bitcoin In More Ways Than One
Interest in bitcoin and other cryptocurrencies, including ethereum, is booming—fueled by unprecedented central bank stimulus measures and rocketing demand for alternative finance.
The bitcoin price, up around 30% so far this year, is being left in the dust by huge gains seen by some smaller cryptocurrencies.
Ethereum, the second most valuable cryptocurrency after bitcoin, has almost doubled in value so far this year—and the number of active ethereum addresses is growing at nearly twice the rate of bitcoin’s.
MORE FROM FORBESAs Bitcoin Struggles, This Minor Cryptocurrency Has Soared 1,000% In Just Over 12 MonthsBy Billy Bambrough
Bitcoin remains the world’s most valuable cryptocurrency by a wide margin, though a recent rally in … [+] the price of some smaller cryptocurrencies has left bitcoin in the dust.
Ethereum’s active address count has increased by 118% since the beginning of the year, data from blockchain analytics firm Messari, first reported by crypto news site Decrypt, has shown.
Meanwhile, bitcoin’s active address count has increased by just 49%.
“The level of development on ethereum is crazy: initial coin offerings, stablecoins, non-fungible tokens, decentralized exchanges and other decentralized finance applications, Web 3 use cases,” Messari chief executive Ryan Selkis said via email, though he added bitcoin remains “the industry’s dominant asset and most important project.”
The ethereum price has also surged this year, with ethereum’s tradable token ether now trading at around $240—up almost 90% from $130 at the start of January. Bitcoin, on the other hand, has seen its post-coronavirus crash rally halted in its tracks since May with bitcoin repeatedly trying and failing to break the psychological $10,000 per bitcoin level.
Despite the excitement swirling around ethereum, recent setbacks, including a warning that ethereum 2.0 may be delayed again, is leaving the door open for competitors.
“There’s a lot of demand for smart contract platforms that scale, so there’s a big opening in the market right now with ethereum 2.0 delayed, [processing] prices high, and well-funded competitors launching imminently,” Selkis said.
MORE FROM FORBES’Let’s All Get Rich’-Teen TikTok Traders Want To Send ‘Joke’ Bitcoin Rival Dogecoin To The MoonBy Billy Bambrough
The ethereum price has ticked up over the last 12 months with ethereum outpacing bitcoin’s recent … [+] rally by a considerable margin.
One such cryptocurrency, chainlink, has been boosted by a surge of interest in decentralized finance, sometimes known as DeFi—the idea that blockchain entrepreneurs can use bitcoin and crypto technology to recreate traditional financial instruments such as loans and insurance.
The chainlink price is up by around 1,000% on the last year, hitting fresh all-time highs over the last few days.
However, some cryptocurrency and ethereum developers have cautioned against investors viewing blockchains and cryptocurrency tokens as in competition.
“Viewing other blockchains as competitors to ethereum isn’t the right framework to view the crypto space,” Kosala Hemachandra, founder and chief executive of MyEtherWallet, who’s been developing on ethereum since its 2015 launch, said via email, adding delays to ethereum 2.0 “aren’t stopping or slowing the many projects building on ethereum.”
DeFi has been found to be one of the biggest drivers of ethereum growth in recent months, with DeFi applications accounting for over 97% of all decentralized app volume on ethereum according to a July report from Dapp.com.
“Different blockchains have separate goals and purposes,” Hemachandra said.
“Some are primarily focused on value transactions while others support decentralized app development, for example. You have to look beyond market cap to really evaluate blockchain development.”
Author: Billy Bambrough