Ether Price Action Should Arrive Soon

Technical factors indicating support

Ether is treading ‘water’ the past days, however, a new indication for momentum move is out there.

Looking at the H4 chart, Ether’s price is consolidating, showing a triangle pattern.

ETH/USD 4H Chart
ETH/USD 4H Chart

The more intriguing picture is the ‘golden cross’ formation that is imminent. This is a bullish sign, as the fast moving average is crossing the slow moving average from the bottom to the upside.

ETH/USD 4H Chart
ETH/USD 4H Chart

Price action should arrive soon…

  • Support levels:

Week: 214.0          Strong: 200.0                   Key: 167.0

  • Resistance levels:

Week: 255.0                     Strong: 320.0                   Key: 400.0

  • Average prices:

Month: 228.0                    Quarter: 237.0                  Year: 512.0

What is a ‘Golden Cross’?

A golden cross is a technical pattern that is formed when an asset’s fast (short-term) moving average crosses its slow (long-term) moving average. A bullish pattern occurs when an asset’s fast average is crossing above its slow average, it is usually followed by a support confirmation when a price bottom has built up.

*Any views and opinions presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading.

This article was written by Yaron Mazor, a senior analyst at DX.Exchange 

Ether Price Rebound Coming?

Support is quietly building above the 200 mark past month

Ether is trading in a price range of about 80 points, between 170 and 250, since September 6th. It is the same performance that was seen between mid-August and September 5th, when Ether was traded between 250 and 320.

Per this article’s release time, the cryptocurrency is quietly building support and it seems the recent bad news and announcements are priced in.

What now?

If there is a move towards the 170 level it would likely be followed by a major and unforeseen bad announcement. However, no critical news is expected, at least in the near future. Ethereum founders have proved transparent, especially in times of tough announcements.

The upside scenario requires a first move to the 260 mark that will be followed by a cross above the monthly and the quarterly price averages. It will break up the current narrow price trading range as well.

This scenario will present a technical pattern that will validate the current price level as support. It should ignite trading momentum and bring back enthusiasm to the market as well. That said, an upside scenario will test the cryptocurrency’s current key resistance level around the 400-round mark

Ethereum 1D Chart
Ethereum 1D Chart
  • Support levels:

Week: 214.0          Strong: 200.0                   Key: 167.0

  • Resistance levels:

Week: 255.0                     Strong: 320.0                   Key: 400.0

  • Average prices:

Month: 225.0                    Quarter: 241.0                  Year: 523.0

What is price consolidation?

Price consolidation occurs after a market has had a strong move in one direction and then it takes a pause. That pause reflects a time period where the market fluctuates within a narrow price range, between support and resistance levels.

*Any views and opinions presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading.

This article was written by Yaron Mazor, a senior analyst at DX.Exchange 

DigiByte – 5 Cents Target. When?

Since its price stabilization in April, DigiByte past performance shows a month of gains followed by 2 months of losses. There is no other evidence nor any kind of clue whether October will be another green month that will continue to produce the same market price pattern or not.

With a lack of Intel, the only reasonable trading factor concerns the reward to risk ratio addressing the overall DigiByte market price picture.

The market price is moving roughly between 0.015 and 0.05. A hypothetic buy at the current market price around 0.025 with exits at 0.015 with a loss and 0.05 with profit presents 2.5 to 1 ratio. It allows an exit with 50% of the position with 25% return on the invested amount and remains with another 50% of the initial investment for a long-term investment strategy.

DigiByte 1 Minute Chart
DigiByte 1 Monthly Chart

What is the Reward to Risk Ratio?

The reward to risk ratio measures the expected amount of profits on a given investment and the potential risk of a loss. Professional investors tend to buy an asset that has an opportunity of a potential positive ratio trading plan. It is used to statistically increase the probability of success.

What is DigiByte?

DigiByte is a decentralized blockchain which utilizes five cryptographic algorithms and is globally widespread. Every 15 seconds a new block is mined. In terms of scalability, it can perform 560 transactions per second. The transactions are fast and efficient, as they are limited in size and scope.

Up until now, more than 12 million transactions have been completed, above 6 million blocks were mined and almost 200,000 downloads of its core application were made.

*Any views and opinions presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading.

This article was written by Yaron Mazor, a senior analyst at DX.Exchange 

Bitcoin Accumulation Process – Triumph or Failure?

Bitcoin price analysis

Bitcoin’s (BTC/USD) consolidation process is the main price action theme over the past four months. This kind of activity suggests that traders and investors are accumulating the digital asset, having in mind an assumption, that prices are relatively cheap at this level. The leading cryptocurrency quarterly price average crossed its monthly price average from the upside towards the downside, suggesting a temporary price recovery. However, the accumulation process will prove successful in case Bitcoin’s price will cross its 8,500 Key downtrend resistance level.

Bitcoin Daily Chart
Bitcoin Daily Chart
  • Support levels:

Weak: 6,150          Strong: 6,000                   Key: 5,800

  • Resistance levels:

Weak: 6,850          Strong: 7,415                   Key: 8,500

  • Average prices:

Month: 6,446                    Quarter: 6,564                  Year: 7,928

Bitcoin Cash price analysis

Bitcoin Cash (BCH/USD) gained more than 20% on September 18. However, the 600 region remains a strong resistance level that Bitcoin Cash has not been able to test.

Bitcoin Cash Daily Chart
Bitcoin Cash Daily Chart
  • Support levels:

Weak: 470.0          Strong: 424.0                   Key: 408.0

  • Resistance levels:

Weak: 555.0          Strong: 600.0                   Key: 660.0

  • Average prices:

Month: 464.8                    Quarter: 517.7                  Year: 948.8

Ethereum price analysis

Ethereum (ETH/USD) is under a strong selling pressure, most probably with the support of its founder recent announcements. Adding to that fact the lack of technical recovery signals, Ether is expected to trade under pressure, waiting for a game changer to perform a recovery price action.

Ethereum Daily Chart
Ethereum Daily Chart
  • Support levels:

Weak: 200.0          Strong: 192.0                   Key: 167.0

  • Resistance levels:

Weak: 255.0                     Strong: 270.0                   Key: 300.0

  • Average prices:

Month: 213.5                    Quarter: 257.0                  Year: 556.5

Litecoin price analysis

Litecoin (LTC/USD) is range trading between its 50 key support region and the 70-downtrend resistance level. The downtrend is valid, as long as the cryptocurrency is trading below the 70 mark.

Litecoin Daily Chart
Litecoin Daily Chart
  • Support levels:

Weak: 54.30          Strong: 50.00                   Key: 48.00

  • Resistance levels:

Weak: 60.00          Strong: 63.80                   Key: 70.00

  • Average prices:

Month: 55.99                    Quarter: 57.92                  Year: 119.58

XRP price analysis

XRP (XRP/USD) is showing signs of historical performance duplication. The daily chart shows XRP is building a technical pattern resembling its April 2018 performance. Seems like history repeats itself…

XRP Daily Chart
XRP Daily Chart
  • Support levels:

Weak: 0.450          Strong: 0.360                   Key: 0. 246

  • Resistance levels:

Weak: 0.600          Strong: 0.700                   Key: 0.900

  • Average prices:

Month: 0.375                    Quarter: 0.344                  Year: 0.635

*Any views and opinions presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading.

This article was written by Yaron Mazor, a senior analyst at DX.Exchange 

XRP – Ripple and PNC Partnership Catalyst

XRP price analysis

XRP (XRP/USD) is trading above its year price averages. The monthly average crossed the quarterly average. This is a validation of an upward price rebound.

A positive momentum came in as the Pittsburgh-based bank, PNC announced that it’s going to use Ripple xCurrent payment technology product to facilitate instant payments. This announcement has helped the cryptocurrency to rise in value.

XRP has formed a double bottom support pattern around its year low of 0.246 and a bull flag strong breakout pattern between 0.31 and 0.34.

XRP/USD 4H Chart
XRP/USD 4H Chart
  • Support levels:

Week: 0.310          Strong: 0.280                   Key: 0.246

  • Resistance levels:

Week: 0.340          Strong: 0.358                   Key: 0.375

  • Average prices:

Month: 0.309                    Quarter: 0.286                  Year: 0.303

What is a Head and Shoulders Pattern?

A head and shoulders pattern is used in technical analysis to predict a change in an asset price trend.

The pattern formation consists of a lower price peak that looks like a left shoulder, a higher price peak that resembles a head formation, a right shoulder that is another lower price peak and a neckline that is drawn by analysts. Direction change occurs when the neckline price level breaks out followed by high trading volume.

The inverted head and shoulders pattern present the mirror picture. It consists of a higher price trough that looks like an inverted left shoulder, a lower price trough that resembles an inverted head formation, a right shoulder that is another higher price trough and a neckline that is drawn by analysts. It indicates a possible price bottom followed by the asset appreciation in value.

*Any views and opinions presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading.

This article was written by Yaron Mazor, a senior analyst at DX.Exchange 

Bitcoin and XRP – Temporary Price Recovery Coming?

Bitcoin price analysis

Bitcoin (BTC/USD) is consolidating above its key mid and long-term support levels. The current level has been successfully tested one time after the other, since November 2017. The leading cryptocurrency quarterly price average is about to cross its monthly price average from the upside towards the downside, suggesting a temporary price recovery.

Bitcoin Daily Chart
Bitcoin Daily Chart
  • Support levels:

Week: 6,200          Strong: 6,000                   Key: 5,800

  • Resistance levels:

Week: 6,600          Strong: 6,800                   Key: 7,300

  • Average prices:

Month: 6,717                    Quarter: 6,744                  Year: 8,222

Bitcoin Cash price analysis

Bitcoin Cash (BCH/USD) has formed a strong price resistance level between 600 and 800 and keeps trading near year lows.

Bitcoin Cash Daily Chart
Bitcoin Cash Daily Chart
  • Support levels:

Week: 400.0          Strong: 350.0                   Key: 280.0

  • Resistance levels:

Week: 460.0          Strong: 520.0                   Key: 650.0

  • Average prices:

Month: 519.29                  Quarter: 573.85                Year: 1028.80

Ethereum price analysis

Ethereum (ETH/USD) has formed a clear downward trend channel since May 2018 and has not been able to recover amid a lack of positive catalyst.

Ethereum Daily Chart
Ethereum Daily Chart
  • Support levels:

Week: 170.0          Strong: 136.0                   Key: 100.0

  • Resistance levels:

Week: 210.0                     Strong: 240.0                   Key: 300.0

  • Average prices:

Month: 242.42                  Quarter: 299.05                Year: 598.74

Litecoin price analysis

Litecoin (LTC/USD) is still battling to hold its temporary fragile short-term support around the 50 mark with no technical recovery signs.

Litecoin Daily Chart
Litecoin Daily Chart
  • Support levels:

Week: 45.00          Strong: 40.00                   Key: 35.00

  • Resistance levels:

Week: 56.00          Strong: 64.00                   Key: 70.00

  • Average prices:

Month: 58.68                    Quarter: 61.81                  Year: 126.94

XRP price analysis

XRP (XRP/USD) is steadily trading within a downward trend channel, however, it has been forming an inverted head and shoulder pattern that is cueing a possible price rebound.

XRP Daily Chart
XRP Daily Chart
  • Support levels:

Week: 0.246          Strong: 0.200                   Key: 0.129

  • Resistance levels:

Week: 0.280          Strong: 0.310                   Key: 0.360

  • Average prices:

Month: 0.304                    Quarter: 0.334                  Year: 0.693

*Any views and opinions presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading.

This article was written by Yaron Mazor, a senior analyst at DX.Exchange 

Bitcoin, Bitcoin Cash, Ethereum, XRP and Litecoin Price Analysis

Bitcoin price analysis

Bitcoin (BTC/USD) is trading above its key mid and long-term support level. The downtrend will remain intact upon a break below the 5,800. On the upside, a break above 7,430 could indicate a direction change.

Bitcoin Daily Chart
Bitcoin Daily Chart

Support levels:

  • Week:            6,200
  • Strong:          6,000
  • Key:                5,800

Resistance levels:

  • Week:            6,600
  • Strong:          6,800
  • Key:                7,430

Average prices:

  • Month:         6,746             
  • Quarter:       6,841
  • Year:              8,344

Bitcoin Cash price analysis

Bitcoin Cash (BCH/USD) is heading to its 2017 heavy trading activity levels between 400 and 350. Currently, the downside reigns.

Bitcoin Cash 4H Chart
Bitcoin Cash 4H Chart

Support levels: 

  • Week:            400                
  • Strong:          350
  • Key:                280 

Resistance levels:

  • Week:            460                
  • Strong:          520
  • Key:                650
  •  

Average prices:

  • Month:         530.73          
  • Quarter:       595.74
  • Year:          1,052.95

Ethereum price analysis

Ethereum (ETH/USD) has not been able to recover and keeps on digging new lows for the year. July 2017 low, around 136 is getting closer.

Ethereum 4H Chart
Ethereum 4H Chart

Support levels: 

  • Week:            170    
  • Strong:          136
  • Key:                100

Resistance levels:

  • Week:            210                
  • Strong:          240
  • Key:                300

Average prices: 

  • Month:         250.44                      
  • Quarter:       313.80
  • Year:              608.33 

Litecoin price analysis  

Litecoin (LTC/USD) is trying to hold water above the 50 mark, which serves as a short-term key support level. A break below the current support could ignite downward momentum towards the 2017 heavy trading activity region between 45 and 35.

Litecoin 4H Chart
Litecoin 4H Chart

Support levels:

  • Week:            45                  
  • Strong:          40
  • Key:                35

Resistance levels:

  • Week:            56                  
  • Strong:          64
  • Key:                70 

Average prices:

  • Month:         58.85
  • Quarter:       61.47
  • Year:           129.41

XRP price analysis

XRP (XRP/USD) is trading around a significantly low-price level slightly above the 0.246, the year low. With no positive catalyst, the downtrend should remain in place.

XRP 4H Chart
XRP 4H Chart

Support levels: 

  • Week:            0.246            
  • Strong:          0.20
  • Key:                0.129

Resistance levels: 

  • Week:            0.28               
  • Strong:          0.31
  • Key:                0.36

Average prices:

  • Month:         0.311            
  • Quarter:       0.345
  • Year:              0.721 

*Any views and opinions presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading.

This article was written by Yaron Mazor, a senior analyst at DX.Exchange 

Elon Musk’s Twitter Account Gets Hacked, Ernst & Young Dive into Blockchain and Cryptos

Elon Musk Hacked and Free Cryptocurrency Offered

Elon Musk Twitter account was hacked. Musk, the controversial head of Tesla, is a frequent target of hackers due to his tendency to stand in the limelight regarding his many companies and projects like Tesla, the electric car manufacturer, and SpaceX which builds rockets for NASA.

The hackers who took over Musk’s Twitter account (perhaps his fake Twitter account) offered free Bitcoin and Ethereum as part of a ‘plan’ to take Tesla private. Being a hack the offer was obviously a scam, but the hackers took advantage of Musk’s recent bantering about potentially taking Tesla private may have been able to fool some of the 22.4 million followers Elon Musk has on Twitter. Since then, Musk abandoned his plan to take Tesla private and announced that the company remains public.

The fallout from the hack has not been able to be tracked yet via individuals who may have fallen prey to the criminal hack. However, Twitter quickly responded to the hack on Musk by issuing a statement essentially warning its users once again that any offers of free cryptocurrencies should be viewed with extreme skepticism.

The hacker (or hackers) certainly played into the recent news when Musk ‘threatened’ to take Tesla private.

A few weeks ago during one of his many loud pronouncements to the media and shareholders who question his handling of Tesla and its cash liquidity problems, which have surfaced and raised concerns, Musk said he was seriously considering taking Tesla private and could raise the funds to make this happen.

Musk raised the ire of many, including shareholders with this statement and a legion of people who have become part of an ‘anti-Musk’ vanguard warned lawsuits would greet him. The SEC is also taking a look into Musk’s pronouncements.

However, Musk has made it known this past week that he is not going to attempt to take Tesla private. And the company will remain public. Skeptics surrounding Musk, of which there are many, said it would likely be impossible for Tesla to go private.

A huge amount of money would have been needed to take Tesla private, approximately 80 plus billion U.S Dollars. And it has been suggested, serious questions exist about Tesla’s current cash liquidity situation which is under heavy scrutiny, and those who would have thought about funding the company going private would have likely balked upon seeing the auditing.


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Ernst & Young Interest in Cryptos Growing

Ernst & Young have moved deeper into blockchain and digital assets with the announcement they are buying cryptocurrency software. Ernst & Young is one of the Big 4 global accounting companies.

The purchase of this software will allow Ernst & Young to expand its cryptocurrency services. The software purchased is from a Silicon Valley company called Elevated Consciousness.

Ernst & Young’s is keen on offering its hedge funds and institutional investors who are clients’ a host of full cryptocurrency auditing procedures.

Hedge funds and institutional investors are focusing an increasing amount of attention on the cryptocurrency and blockchain sector with an eye towards finding profitable avenues of investment for their clients.

They are making direct investments into certain digital assets, finding ways to invest in growing infrastructure projects surrounding blockchain, engaging in trade for clients, and looking at the creation of Indexes and ETFs.

Reality Shares of the U.S, an asset management company, has recently announced that it is launching an ETF based in China. And Reality Shares has also said it will start a cryptocurrency hedge fund using up to 100 million USD as a starting point.

Also, Northern Trust which is a custodian bank is assisting hedge funds to enter the world of cryptocurrency. Northern Trust is a U.S based financial institution with its headquarters in Chicago.

The bank via administrative technology based on an integration of data storage capabilities with the accounting firm PriceWaterhouseCoopers is looking to offer its clients’ full digital asset services.

PwC, which is among the top 4 accounting firms along with Ernst & Young, and is considered among the best top accounting firms consistently.

The news of these two top international accounting and auditing firms getting active within the blockchain and cryptocurrency sectors is another sign of genuine interest is strong as global corporations examine blockchain innovation and its potential benefits.

In the midst of the downturn in value in 2018 which has taken place since the beginning of January, after over-exuberance sending cryptocurrencies sky high in values subsided, hedge funds and institutions are still clearly attracted to the multitude of potential revenue streams blockchain and cryptocurrencies are capable of producing.

Yaron Mazor is a senior analyst at DX.Exchange and Private Equity Manager

China Fighting Tax Corruption with Blockchain

The country has an invoice system called ‘fapiaos’ which people use in two ways, one is a general receipt for business expenditures which are allowed to be deducted, and the other is for deductions via Value Added Taxes, known as the VAT.

People, companies and ‘state’ run agencies are allowed to issue invoices to the China tax office and receive reimbursement for costs incurred by conducting business.

However, tax evasion in China has become a fine art. Reimbursement of ‘costs’ total in millions of dollars for questionable expenses which are accounted for via the ‘fapiaos’. This happens because fake invoices are available throughout China on the black market.

The rampant availability of fake receipts in cities has become a thriving business at the street level. This allows people to get false invoices for a huge variety of costs and gives them the ability to bill the government which is overwhelmed with the receipts and unable to track all of the claims.

The penalty for tax evasion is fierce in China, but the public appears to largely view the consequences a bit like buying a lottery ticket which they do not plan on winning – or lose in this case. Businesses are clearly willing to take the chance and get reimbursed money.

Part of the problem which has sparked the use of fake invoices is because many people are still paid relatively little in salaries and they seek to add onto their money with tax claims which are hard to track.


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And it should be noted that not only is the public involved in this endeavor, but it has been found upon investigation that government agencies within China also practice the art of the fake receipt. This has led the Chinese government to the obvious conclusion that something must change. And one of the methods believed which could help eliminate the use of fake invoices is to start making people, companies, and others submit their applications for tax reimbursement via a blockchain.

In theory, blockchain would help distinguish fraudulent claims, because not only can distributed ledgers not be tampered with, but it would make those submitting the claims more responsible because of the transparency involved.

Yaron Mazor is a senior analyst at DX.Exchange and Private Equity Manager

Steep Bitcoin Decline Wipes Out Big Trader, Starbuck Says Yes to Crypto

‘Whale’ gets Harpooned as Bitcoin Suffers Steep Decline

A huge and wrong bet on Bitcoin made on July the 31st by a large cryptocurrency trader on the Hong Kong-headquartered OKEx exchange has created a firestorm of news the past few days.

While exact details are unknown, it is clear the trader took out a massive ‘futures’ buying position using leverage and the price of Bitcoin soon came under pressure.

The negative price action of Bitcoin effectively buried the speculator’s long position and he could not cover his losses.

This put traders on the opposite side of the ‘futures’ contracts via shorts (selling positions), who believed they had made significant gains, unfortunately at the mercy of the OKEx exchange which faced a liquidity crisis. OKEx this weekend implemented its ‘clawback’ clause within its Terms and Conditions.

Traders involved in the trade and who were on the correct side of the trade with selling positions – appear to have been forced to give back 18% of their winnings.

Thus, those holding short positions who thought they would be making a massive amount of money on the virtual ‘futures’ contracts apparently will not be walking off with as much profit as they thought.

OKEx according to statistics is well within the top ten ranked global cryptocurrency exchanges in terms of volume.

What isn’t clear is how OKEx handled the mechanics of the trade when things started to go wrong and against the trader. However, it is obvious when Bitcoin came under massive pressure on Friday, the trader was not able to meet obligations and was completely wiped out from the long position.

Further news from this event will certainly emerge as traders and government regulators continue to ask questions.

Broad Market Oversight

Bitcoin has tumbled the past few days and is trading around 7070.00 USD level as per the writing of this report.

The price of Bitcoin has dropped in value over 10% the past week and its volatility has been quite evident.

Sentiment in the broad digital asset marketplace may be facing headwinds created from the fallout of news regarding the OKEx platform and the large trader who took a massive loss on Friday.

Many of the major cryptocurrencies are trading near important support levels last experienced in April.

And this coming week’s price action will certainly get the attention of the cryptocurrency community and the financial institutions audience who try to anticipate digital assets next move.

A Cup of Joe for your Bitcoin

Even as cryptocurrency prices remain under pressure, the market is not enveloped by a total dark cloud as the week begins.

Your morning cup of coffee may become a key component of the cryptocurrency world.

This is because Starbucks has said publicly they will allow for an infrastructure to be developed and used within the company that will allow its clients to use some cryptocurrencies when they are purchasing their coffee.

Starbucks will use a technology developed in conjunction with Bakkt and Microsoft. There has been no exact date given regarding when Starbuck’s consumers will be able to use their cryptocurrency to purchase at their shops, but the acknowledgment from Starbuck’s has certainly sparked interest and may spur on other large retailers to enter the cryptocurrency sphere.

The newly created Bakkt Company says it will eventually allow retailers to be able to exchange cryptocurrency back into fiat currency through a regulated infrastructure which will use Microsoft cloud applications.

Starbucks has been a noted participant in the digital payments sector for a handful of years via its mobile Starbucks app which is used widely in the United States by its consumers.

Yaron Mazor is a senior analyst at SuperTraderTV.

SuperTraderTV Academy is a leader in investing and stock trading education. Sign up for a class today to learn proven strategies on how to trade smarter.

Samsung Says Yes to Cryptocurrency Payments

Samsung has said it will accept cryptocurrency payments in its stores. Its program has been started in the Baltic nations of Estonia, Latvia, and Lithuania. Samsung has said it will expand its program to other nations.

The company said that, at least in the beginning, it will be working with Bitcoin, Litecoin, XRP, Ethereum (ETH), Steem and Dash.

A report from the E.U’s Parliament Committee on Economic and Monetary Affairs has warned decentralized cryptocurrencies could have their value ruined. The report says if central bank and financial institutions issue their own digital assets decentralized cryptocurrencies will suffer.

Norbert Michaels, while testifying before the U.S Congress last week told lawmakers that cryptocurrencies should not be unfairly taxed. Michaels said digital assets are unfairly taxed when they are used to make purchases of goods. Michael works for the Heritage Foundation via the Center of Data Analysis as the Director.


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Cryptocurrencies have been rather stable the past twenty-four hours, while Bitcoin hovers near crucial resistance.

Yaron Mazor is a senior analyst at SuperTraderTV.

SuperTraderTV Academy is a leader in investing and stock trading education. Sign up for a class today to learn proven strategies on how to trade smarter.

Decentralized vs. Centralized Cryptocurrency Exchanges

Vitalik Buterin a founder of Ethereum, has stated his immense dislike for centralized digital assets. He has stated that he believes that centralized cryptocurrencies work too much like kingmakers.

The problem that Buterin and others point from their perspective underscores and warns that central exchanges have the ability to limit the number of coins they ‘mint’ and control their distribution processes, not to mention the fact that centralized exchanges hold their own cryptocurrencies closely to the vest.

Ripple, however, which controls the XRP coin, and others, rightfully say that large miners can effectively take control of certain decentralized cryptocurrencies by forming large mining pools, and this has been an accusation and criticism leveled at Bitcoin and other digital assets.

The future of decentralized versus centralized exchanges remains dynamic, and the advent of potential hybrid exchanges emerging for cryptocurrencies as blockchain technology is developed and is distributed may gain enthusiasts.

And the debate will continue to burn within cryptocurrency communities, and will certainly evolve as ‘big players’ vie for market share and the masses embrace the freedom to trade and use digital assets.

Broad Market Oversight

Bitcoin enjoyed a rather solid week of trading. After falling to fresh lows the week before near 5800.00 USD per coin, the cryptocurrency has gained and as of today is near 6800.00 USD.

Ether, XRP, and EOS have also found an undercurrent of stability in the broad market and have advanced the past few days without major stumbles.

While many of the major digital assets have found buyers sustaining their short-term trends, a look at mid-term charts and longer views show the broad cryptocurrency market is still hovering near important support levels.

Market sentiment has improved on the surface the past week, but another surge of buying will be needed to take the major cryptocurrencies out of a range which still has serious question markets about near-term direction and psychology.

Ripple vs. Swift

The growing battle between Ripple and Swift has escalated the past couple of weeks in the global banking payments sector. Swift announced recently that its global payment service known as GPI has been upgraded significantly and can allow some banks to now make transactions formally within 30 minutes and less.

Swift says it is able to perform these transactions in nearly 100 different types of currencies and that fifty percent of its banking clients can use the service now. And Swift has said that nearly all of its clients will be able to use this service by 2020.

Ripple, on the other hand, maintains that the upgraded version doesn’t offer cutting-edge technology and it is still limited in scope and speed, and that’s Swift’s transaction architecture is essentially very old. Swift dismisses Ripple’s claims openly by not answering or acknowledging their competitor’s opinions publically.

Financial Services Agency of Japan Bans Anonymous Cryptos

Coincheck Says No to Monero and Others

Coincheck, one of Japan’s largest cryptocurrency exchanges, has announced that it is not going to allow Monero, Zcash, Dash, and Auger to be traded on its exchange any longer. This has occurred as Japan’s FSA, Financial Services Agency, has increased internal obligations on cryptocurrency exchanges and made it clear the prospects of more severe regulations lurk regarding all ‘private’ cryptocurrencies, meaning cryptocurrencies offering anonymous use – and Coincheck has reacted.

Cryptos such as Monero, Zcash, Dash, and Augur among others could continue to be hit via the growing regulatory climate. The FSA no doubt wants the ability to be able to scrutinize the identity of traders in an effort to potentially collect taxes.

However, they are certainly also concerned about the illicit use of cryptocurrencies which allow users to make transactions under a veil of darkness. The FSA is particularly focusing on stemming illegal payments via criminal activity, and the hacking and ransomware subculture which in theory makes using anonymous crypto easier to escape investigative eyes.

Private Cryptocurrencies under Pressure via Government

Traders who were alluded to cryptocurrencies because of their ability to be use coins anonymously over the past couple of years have dealt with the increasing fact globally, their real identity has become commonly demanded.

And traders who used cryptocurrencies as a way to profit from the growing value of the industry without the oversight of governments have found out they are not exactly working in the shadows anymore. In the U.S the Internal Revenue Service has made it clear they have the ability to track identities and expect to collect taxes on profits made while trading cryptocurrency.


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Japan is a Leader within the Regulatory Vanguard

Japan is a leader in cryptocurrency regarding use and their trading. And the Japanese government is at the forefront of jurisdiction as their regulatory environment is watched and mirrored by others.

The possibility that anonymous coins may increasingly be put under pressure because they may lose the ability to be traded by the leading cryptocurrency exchanges should be monitored, along with their values.

The exclusion of these cryptocurrencies also raises the bar in a way for the advent of more KYC regulation and AML laws to become part of the vanguard. In the United States, Europe and many parts of Asia ‘Know Your Client’ due diligence is an integral part of cryptocurrency compliance and being able to trade nowadays.

A recent statistical report from Japan’s FSA estimated that there are approximately 3.5 million people in Japan who trade cryptocurrencies.

Yaron Mazor is a senior analyst at SuperTraderTV.

SuperTraderTV Academy is a leader in investing and stock trading education. Sign up for a class today to learn proven strategies on how to trade smarter.

Bitcoin Gains as Global Equity Indexes Slump

Concerns in Italy have some Cryptocurrency Analysts Making Correlations

Bitcoin is trading near 7,500.00 U.S Dollars per coin as of this writing. The cryptocurrency has managed to gain the past day after stumbling to lows early this week which were the culmination of a near two-week downturn.

The VIX Index in Chicago has risen the past couple of days. And global equities lost swiftly yesterday on the major international stock indexes.

This has occurred as news from Italy has created further downdrafts for the EUR/USD pair. Gold is trading near 1300.00 U.S Dollars per ounce.

However, the simple platitude that Bitcoin rose on fears because Italy is having political problems and is looking at the prospects on another election in July as some of its politicians point their finger at the EUR as a culprit may not actually have any link.

The fact is that the EUR has lost considerable ground to the USD because the U.S Federal Reserve is maintaining a hawkish interest rate policy, while the European Union has once again hit an oil slick and will probably have to maintain a dovish stance midterm.

Bitcoin’s Short-Term Rise Likely not a Safe Haven Move

Stock markets have in fact stumbled and treaded water since January of this year, and while Bitcoin rose in value yesterday, it is no secret the cryptocurrency has also suffered a vast slide since January after seeing its values rise to record levels in December of 2017.

Meaning that a desire to correlate one poor day of trading on the global markets, fear escalating because of Italy’s problems and a rise in the value of Bitcoin is probably a reach that will prove to have no significance.

It is doubtful that Gold has been replaced by Bitcoin as a safe haven asset quite yet. The value of Gold has been beaten down as the value of the U.S Dollar has soared the past two months of trading. The precious metal was near 1350.00 U.S Dollar per ounce two months ago. And Bitcoin is essentially straddling a price range it found itself in March before it was able to stage a rally in April before succumbing to its most recent slide.


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VIX Volatility has Spiked this Week but Remains below March Levels

News of Bitcoin’s bounce off support yesterday may prove to be a turning point. However, it also may prove to be a one day result which happened to move coincidentally in step with the VIX when the stock markets also happened to be suffering a downturn.

And lastly, the VIX while it has gained substantially the past couple of days, is still below values it saw in March and it is far below its values of late January when broad market concerns in global equities shook corporate shares worldwide before recovering stability.

Yaron Mazor is a senior analyst at SuperTraderTV.

SuperTraderTV Academy is a leader in investing and stock trading education. Sign up for a class today to learn proven strategies on how to trade smarter.

Bitcoin Short Term Struggles, while Blockchain finds Friends

Deloitte Issues a Blockchain Report and Significant Warning to Naysayers

Deloitte, the giant accounting, and consulting business have published a report which has essentially warned corporations to investigate and implement the use of blockchain in the coming years or fall behind within their respective industries.

The enthusiasm for blockchain and its potential impact via distributed ledgers is increasing. Passionate businesses which believe they can vastly improve and replace cumbersome and chaotic data records whose systems are prone to mistakes are manifesting across the corporate landscape.

Not only is the financial industry focusing on blockchain because of the growing cryptocurrency trading industry which often endeavors to speculate on the value of the coins but they are intrigued by the promise of a better payments system. And manufacturing, healthcare, and logistical companies are some of the private sectors investigating the use of the technology.

United Nations and the World Food Programme Testing Distributed Ledgers

Charities and government accounting offices within the public domain are also studying the benefits of blockchain and beginning to run pilot programs to test and quantify results. The United Nations announced earlier this year they are intent on implementing a system which helps the likes of the World Food Programme and other NGOs.

The ability to share via a secure network which is transparent a precise record of data via blockchain with traceable entry points, and what the next steps will be – allows users to focus on accurate information and has the capability of decreasing waste while helping quantify a variety of results which will likely produce reduced costs for consumers.


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FedEx and IBM are Two Major Players Using Blockchain Technology

FedEx and IBM are just two of the many global companies which are beginning to initiate pilot blockchain programs. FedEx is intent on allowing blockchain to help its logistic services. IBM is building a platform which will provide its services to other corporations in an effort to create a solid base of communication digitally, which will help them create a history of transactions and accountability.

So while Bitcoin and other cryptocurrencies suffer from their current downturn, investors should also keep their eyes on the blockchain technology which is the foundation of the industry.

Yaron Mazor is a senior analyst at SuperTraderTV.

SuperTraderTV Academy is a leader in investing and stock trading education. Sign up for a class today to learn proven strategies on how to trade smarter.

DoJ and CFTC Investigating Bitcoin Manipulation via Spoofing

Spoofing is a form of trading manipulation in which a trader usually sends repeated buy or sell orders and cancels them quickly away from the actual market price, to create the impression the market is within the vicinity of the bid/ask price which does not actually exist.

The Dodd-Frank Act of 2010 forbids spoofing. The practice came into vogue as traders found they could transmit orders quickly and cancel them fast, as the speed and power of computers gained.

The investigation being led by the Department of Justice comes on the heels of last week’s announcement via a coordinated effort by U.S agencies called ‘Operation Clean Sweep’ which is actively looking into Initial Coin Offering scams.


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Cryptocurrencies recent broad market slump started shortly after the Consensus summit ended in New York City.  The combination of ‘Operation Clean Sweep’ and the developing news that the Department of Justice is investigating spoofing has not help trading sentiment.

Yaron Mazor is a senior analyst at SuperTraderTV.

SuperTraderTV Academy is a leader in investing and stock trading education. Sign up for a class today to learn proven strategies on how to trade smarter.

GPU and ASIC – A Correlation and Barometer for Cryptocurrency Traders

GPU, which are Graphics Processing Units, and act as a primary computing device for cryptocurrency mining because of the power they deliver technologically to the masses, may serve as a compelling correlation for cryptocurrency traders who are willing to examine corporate reporting among chip makers and the value of their own digital asset holdings.

While companies like Intel, Nvidia, and ADM control a predominant amount of the GPU marketplace and derive a solid percentage of their core business from selling the GPU products to cryptocurrency miners, revenues are predicted to fall.

These companies via their quarterly earnings forecast that the purchasing of GPU technology will begin to decrease in the coming quarters and year.

The eroding profit equation may be a perception among their analysts who suspect a decline in ‘mining’ is coming because of the rising costs associated with mining enterprises, but it is also certainly related to the changing technological composition of engineered – open source decentralized architecture.

Miners within the digital asset world continue to seek methods which allow for stronger and faster computational applications to be used as bigger mathematical calculations are needed because of the increasing amount of hash functions needed to create a single coin because more ‘nodes’ are needed among the likes of Bitcoin, Litecoin, and Zcash.

The biggest competitor emerging against GPU in the computational field is ASIC (Application Specific Integrated Circuits), and potentially creeping onto the horizon is technology via Google – which is reportedly close to launching – its TPU2 technology, which is an improvement on its Tensor Processing Unit and could prove a wildcard should Google decide to share this power – but this remains to be seen.

Many cryptocurrencies which use mining to create coins are trying to fight back against stronger applications such as ASIC because these stronger applications eliminate the ability of ‘the common man’ to be part of the mining landscape – and put these capabilities largely in the hands of only the well-funded.

Decentralized cryptocurrencies were supposed – in theory – to battle against the powerful. The control of cryptocurrency mining is predominantly in the hands of the elite when it was actually meant to give a voice to those who felt concentrated authority was an ‘evil’ – like central banks and fiat currencies which were argued to be false gods by some of the creators behind blockchains and their respective cryptocurrencies.

For instance, Vertcoin is said to be actively fighting against the use of ASIC’s – but problems persist in actually proving the systems – like Vertcoin’s which have built to keep out the big players – actually work. Vertcoin has reportedly said, it will initiate a ‘hardfork’ if it feels it is vulnerable to ASIC miners.

The question for traders, speculators, and investors in cryptocurrencies is if the correlation of sales of GPU and ASIC’s can be formulated into a working index to judge values in the digital value realm. We are not looking to solve the question here, but to point out the possibility that the technology behind ‘mining’ cryptocurrencies can be monitored and used as a potential sentiment gauge.

Cryptocurrency traders have an interesting correlation which may give rise to a method in order to judge market psychology for values of digital assets via the world of GPU and ASIC as a ‘viewable commodity index’. Thus, a barometer for relative strength and outlook of the broad cryptocurrency marketplace to decipher where the next price trends will develop is feasible.

ASIC is dominated by Bitmain of China. And cryptocurrencies such as Monero are aware of the grip on cryptocurrency mining Bitmain controls and are talking about making changes to its Proof of Work algorithm in an effort to confront Bitmain with modifications which they would have to recalibrate. And it should be pointed out that players like Samsung, Fujitsu, IBM and a host of other companies are developers of ASIC systems.


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While the sales of GPU are important via figures for the cryptocurrency community, the actual chief market for GPU are gamers which need the chips for the graphics interface. The high costs of GPUs because of price gauging caused by demand via the mining community has actually hurt the GPU market because gamers were not willing to pay the escalating prices in the resale market.

It is thought that a decrease of prices in the resale market for GPU devices will actually help companies like Nvidia, ADM and Intel perhaps – because they will once again start to pick up market share from game developers.

The climbing costs of ‘mining’ to create nodes becomes more expensive as more power and greater computational power is needed to create a coin.

Large companies have emerged within the ASIC landscape who can afford to mine cryptocurrency, and they are always looking for technical advantages to develop stronger capabilities of ASIC as an ingredient mechanically to effectively generate profitability.

Traders should not necessarily believe a decline in GPU means the value of cryptocurrencies will drop, but instead should look at the total computational application environment to make a judgment regarding sentiment and the trends in value it may create. Proving – as always – there are no simple formulas to determine worth.

Yaron Mazor is a senior analyst at SuperTraderTV.

SuperTraderTV Academy is a leader in investing and stock trading education. Sign up for a class today to learn proven strategies on how to trade smarter.

DX.Exchange – An Impressive New Cryptocurrency Exchange Nearing Launch

The exchange will highlight Bitcoin, Bitcoin cash, Litecoin and Ether as the first assets to be traded with no trading fees. However, participants will pay a monthly membership fee of 10 Euros. At the second stage, additional top 20 utility coins will be featured. DX.exchange has said it will introduce other digital assets that DX wants to support as they monitor emerging cryptocurrencies.

The exchange will allow for fiat currency to be deposited and exchanged for cryptocurrency and back to fiat. The exchange will allow worldwide traders, but exclude the United States for the time being.


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DX Exchange CEO Daniel Skowronski Quoted: Crypto enthusiasts shouldn’t have to pay more than a minimal membership charge to trade with their peers, and they shouldn’t have to trade in an unregulated unsecure environment. We are supporting blockchain technology. And the way we can help this ecosystem to progress is by vetting the tokens and making sure the good ones are promoted. We are not going to list coins, just because they pay us. Those who are worthy – will be listed,”

Yaron Mazor is a senior analyst at SuperTraderTV.

SuperTraderTV Academy is a leader in investing and stock trading education. Sign up for a class today to learn proven strategies on how to trade smarter.

Coordinated Action against Bad ICO Players Underway

Federal U.S agencies are conducting the operation with the help of States also, to stem the tide of rampant scams in the industry. Officials have pointed out, not all ICO’s are fraudulent, but they have emphasized investors should be extremely cautious before venturing forth.

There are said to be over 70 inquiries and investigations currently taking place against different entities, and that 35 decisions are pending or nearing enforcement rulings. The agencies have stated they want to rid the cryptocurrency ecosystem of activity which is saturated with fraud. And one of the reasons officials say for the massive coordinated effort from the different agencies is because if they were to act alone – limited resources would make a full investigation difficult, the collaboration among agencies will likely create better results.


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Overall, these steps against ICO scams and the uncertainty of the industry will make investors and the ICO business a safer and legitimate fundraising platform.

Yaron Mazor is a senior analyst at SuperTraderTV.

SuperTraderTV Academy is a leader in investing and stock trading education. Sign up for a class today to learn proven strategies on how to trade smarter.

Security Exchange Commission Introduces HoweyCoins

The SEC has been increasing their regulatory capabilities on digital assets, and part of their task is to remind the public to use due diligence before diving in headfirst into cryptos and Initial Coin Offerings. Caveat Emptor – buyer beware is the resounding message.


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The HoweyCoins.com site uses a mock ‘white paper’, endorsements from pretending celebrities and special offers which tell people by getting in now they will receive a buyer’s discount. And while the SEC makes a solid point and warning to speculators in the cryptocurrency world who may be enticed by the website and its ‘scheme’. It will be interesting to watch the reaction from the cryptocurrency community which has a tendency to react to ‘cynics’ with countermeasures.

Yaron Mazor is a senior analyst at SuperTraderTV.

SuperTraderTV Academy is a leader in investing and stock trading education. Sign up for a class today to learn proven strategies on how to trade smarter.