Technical analysis of Bitcoin on 09/11/2017
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Bitcoin price konsolidiruyutsya inside the descending triangle pattern and may remain in this shape until a new catalyst will give an impetus to the upward movement. Highlights The bitcoin price has formed lower highs and found support around $ 4060, creating a descending triangle pattern. Price just bounced off support and could soon be to check the resistance. Most technical indicators on the 1-hour chart indicate that the top of the triangle can hold the breakout of the resistance. Technical indicators Signals 100 SMA is below the longer 200 SMA, it indicates that the path of least resistance is pointing down. These moving averages are close to the top of the triangle to add strength to the resistance. Stochastic turns lower from the overbought zone to signal that the selling pressure returned. RSI is still moving up, so there may be some bullish momentum remaining for actual resistance test. A break in either direction could continue in the range of $ 400, which roughly corresponds to the growth chart. Bitcoin can also face resistance at record levels of about $ 5,000 and support in the field, 3800-4000 dollars. Market factors Likely, geopolitical risk is gone as traders await the next news update from North Korea. It seems that in the weekend there was no provocation, although the next portion of sanctions can cause...
A source: bitnovosti.com
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Those review prices Ethereum Classic – ETC / USD
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Price Ethereum Classic began to recover. ETC / USD should go as low as $16.50 to return to the bullish area. Key factors: — price Everyime Classic after falling to $14,80 found support; — 1-tion timeframe ETC / USD, built the main line of the bearish trend with resistance at $16,50; — this pair may move higher, but buyers will be hard to overcome the barrier at $16,50 . Resistance Price reduction ETC started at $19,50. The price was under a lot of bearish pressure and broke the support levels at $18,00 $17,00. New week low was established at $14,79, where the price started the correction. It has moved above the 23.6% Fibonacci level from $19,60 to $14,79. But the upward movement is met with resistance at $16,50. Barrier at $16.50 previously served as support. And 1, CMV ETC chart / USD formed the main line of the bearish trend with resistance at $16,50. The 38.2% Fibonacci level from $19,60 to $14,79 also close to $16,65. Thus, the critical resistance is around $16,50. It is not easy to push the price above $16,50 and $17,00. The 100 SMA is at $17,00, which acts as a barrier. $15,00 — good support followed by $14,80. Sale before the rally towards $16,50-17,00 can be seen in the short term. The hourly MACD is going back to the bearish zone. Hour RSI moved above 50 levels. Support — $14,80 Resistance — $16,50 Share your opinion about this...
A source: bitnovosti.com
Full text: bitnovosti.com
R3 and Ripple sued each other counterclaims
The consortium R3 (Holdco LLC) filed a lawsuit in which it accuses the cryptocurrency company, Ripple Labs in compliance with the conditions for the purchase of digital currency, XRP, according to the contract signed in 2016. The lawsuit alleges that CEO of Ripple, brad Garlinghouse (Brad Garlinghouse), tried to terminate the contract: he wrote an email to the founder and head of R3 David Rutter. Chapter R3 argues that the contract cannot be terminated unilaterally, and asks the court to rule that the R3 has a right to everything stated in the contract in 2016. In response, the company sent a Ripple counter claim about the non-implementation of the R3 agreement, which would provide a Ripple access to financial organizations - members of the R3 - in exchange for 15% of the income derived from the Ripple through commercial partnerships with banks, associated with R3. Ripple also claims that R3 was not informed about the plans of the consortium members, in particular Goldman Sachs and JP Morgan, the output from R3 that have prevented companies to promote their technology. Ripple asks that the court found the agreement invalid and ordered R3 to compensate. "R3 incorrectly interprets the means and the intention to fulfil their obligations. Given the increase in the price of XRP by 4,000% during the year, R3 suddenly want to use the maximum value of XRP, though obviously they don't deserve such a right according to our agreement", – reported in the Ripple. According to...
A source: bits.media
Full text: bits.media
5 reasons to participate in Token crudele DomRaider
Start DomRaider ICO will be held on September 12. DomRaider launches its token, DRT, to Finance their growth and promote their blockchain auction at the international level. September 12 — less than 7 days, you will be seen thousands of participants put their ETH, BTC, € or $ in tokens DomRaider. But why should we contribute to, krausel DomRaider? Here are five important factors which should participate in the ICO DomRaider. A great team Happy and experienced team DomRaider! It may seem unexpected that in the first paragraph refers to the project team, but in the world of sales token it is important to prove that DomRaider already successfully exists for several years! DomRaider has grown rapidly over the 3 years. It was necessary to develop the business of "dropcatching" to collect a great team, and the company has managed to attract the best developers, marketers and experts in the field of business and international development. The team DomRaider 33 different profiles including 7 speakers of different languages. All team members participated in the work on the draft ICO. When the project began, everything, including some advisers, who say that they invest in teams, not projects, advised in a presentation to promote the first place team! DomRaider have a great idea and a professional team, some of whose members have previously worked together before proceeding to the project. The best proof of all...
A source: coinspot.ru
Full text: coinspot.ru
The fall in market capitalization at $20 billion amid uncertainty over regulation in China
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Last week was very hectic for the crypto markets, the total market capitalization fell by $20 billion, amid uncertainty over regulation in China. The price of Bitcoin ended the week with 8% decrease, while the price Atheroma showed double-digit fall. 96 of the top 100 crypto currencies have experienced a one-day retreat, although recently there have been signs of a possible recovery. The reason for this decline were rumors of banning Bitcoin in China. According to local news source, China had planned after the ban on ICO, to declare illegal the work of crypto exchanges. This was not confirmed by official sources, but scared traders and the markets began to fall. Within a few minutes the total amount of crypto market decreased from $164,2 to $146,5 billion. In the end, cnLedger was able to contact OKCoin, Huobi and BTCC — the three largest Bitcoin exchanges in the country, each of which denied that they received the order to close the government and thus they continue to function normally. It stopped the market decline, but the total value of all crypto currency remained below $150 billion. However, today Bloomberg and the Wall Street Journal reported that China will soon proceed to the closure of bitcoin stock exchanges. The price of Bitcoin fell to $400 in 10 minutes. When Friday, there are rumors that China banned Bitcoin exchanges, Bitcoin price went into a tailspin. Bitcoin fell to $400 in 10 minutes, and on the Chinese exchanges it fell below $4,000. Low prices of Bitcoin, the average was $4075 — exactly $900...
A source: bitnovosti.com
Full text: bitnovosti.com