How Blockchain can Solve Problems for Online Gambling Sites?

What are Blockchain Casinos and How Do They Work?

Blockchain casinos are becoming increasingly popular on the internet and, if you’ve just discovered the term, here’s a quick crash course in what blockchains are and how blockchain casinos work. The first thing that you need to understand, is what blockchains actually are. Essentially, a blockchain is a digital ledger that is used to record online transactions that use cryptocurrencies. The transactions are recorded sequentially and are available publicly.

Taking this principle and process a step further, we can apply them to online casino gambling. This gives you the emergence of so-called blockchain casinos, which essentially applies blockchain technology to online gambling. The result of this is that it gives online gambling an entirely new level of transparency as well as credibility.

Potential Problems that Blockchain Technology Can Solve for Online Casinos

To recap, blockchain technology is built out of neutral entities known as blocks. Each block is interconnected in a network which is known as a blockchain. The way in which blockchains are set up, any record (transaction) that passes through the chain, needs to have the correct value in each block. This results in a much higher level of fairness (neutrality) and accuracy, as well as transparency.

One of the biggest problems associated with conventional online casinos is the fact that not all of them are on the level. In other words, there are many online casinos where data, such as winnings, gaming results, payouts, and so on, are deliberately hidden or partially obscured from public scrutiny. However, blockchain casinos are a completely new breed of online casino and are completely decentralized, with no need for an intermediary to verify transactions. This provides the ultimate fair and transparent system for the online casino industry.

Many gamblers do not realize the fact that playing at a casino is a major mathematical disadvantage and they literally have no chance of winning against the casino in the long run. The term “house edge” describes the fixed percentage of money that casino takes from its players, on average. So as long as there is a house edge and players keep playing, they will never go out as winners in the long run. The house edge is in every form of commercial gambling and means that the more you play over time, the more you will lose. You may get lucky in the short term, but the variance will soon do its job to return what “belongs” to the house.


How the Blockchain Technology is Changing the Gambling Industry


How Zeroedge Online Casino Gaming Works

Zeroedge is a new cryptocurrency-based online casino with a difference. The unique platform utilizes its very own cryptocurrency known as ZeroCoin, which can be purchased by Ethereum (ETH). The only way to play the best casino games available at Zeroedge Casino. The most unique (and one of its biggest selling points) is that Zeroedge Casino is offering all players a true 0% house edge gaming experience.

This essentially means that all casino games such as roulette, blackjack, and slots, available at Zeroedge Casino will have no advantage in the house, unlike conventional online casinos. With most conventional online casinos, players often face up to 10% house edge in many casino games. The reason for this is that this is the only way that a conventional online casino can turn a profit, by stacking the odds in their favor.

Zeroedge does away with the dreaded house edge because they do not take their profit from the losses of their players. Instead, Zeroedge is focusing on generating a profit from rising value of ZeroCoin which increases due to demand 0% edge games.  Simply put, the ultimate solution to the problem is creating a platform where playing games are “free”. Players are not required to pay any fixed amount to be able to play at the casino. This can only be achieved by creating a closed loop-economy with its native token. Making the supply of token limited, its value is directly proportional to demand. This model allows to offer 0% house edge games and be a viable business model.

Zerocoins (ZERO) will be available to investors during an upcoming ICO. Visit Zero Edge Website to find out more.

Bitcoin Looks Set for a Move. Can the Bulls Fight off the Bears?

Things had been looking up for Bitcoin from the 2nd half of the day on Friday, with Bitcoin rallying through to a middle of the day $9,020 high on Saturday, before a late afternoon sell-off that gripped, not just Bitcoin, but the broader market.

The day’s high failed to break through the first major resistance level of $9,161.65, as investors locked in gains that led to Bitcoin falling to an intraday low $8,505, before a slight recovery to $8,541.96. The day’s 4.22% fall, reversed Friday’s 2.64% gain, with the bearish trend formed from Wednesday’s swing hi $9,188.1 resuming.

While Bitcoin managed to avoid falling through the day’s first major support level of $8,489.16, there was certainly some need of support to avoid a pull back through Friday’s $8,200 low.

Concerns over what lies ahead for Binance and South Korea’s investigation into banks involved in the cryptomarket are immediate concerns, whilst the U.S government’s plans to include digital currency addresses of sanctioned companies and individuals into OFAC just adds to the market worries.

The move will raise many questions and brings more uncertainty to an already uncertain outlook, with cryptocurrency investors having to dig in through the summer as the market looks ahead to the roll out of global regulations, agreed as an action plan during last week’s G20

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BTC/USD 25/03/18 Hourly Chart

At the time of writing, Bitcoin was up 0.09% to $8,554.54, with Bitcoin managing to hold above the day’s 23.6% FIB Retracement Level of $8,482.9. Moves through the morning have been relatively minor, with Bitcoin range bound as investors consider their next move.

Any signs of a run at the day’s $38.2% FIB Retracement Level of $8,617.6 would support a run at the day’s first major resistance level of $8,872.97, which brings a move back through to $9,000 levels into play.

Bitcoin’s failure to close at $9,000 levels since 14th March does question whether investors would support $9,000 levels going into Monday, with the news wires ready to hit the markets with more updates on Binance and from South Korea and even the U.S.

Failure to move through $8,600 levels will likely lead to another late in the day sell-off, with the only hope for Bitcoin investors being that Friday’s Cboe Bitcoin Futures April contract close of $8,620 will provide some degree of support before the day’s end.

We’ve yet to see the weekend rally and, the bulls haven’t disappointed for quite some time, so an afternoon move may well be on the cards, but we will expect the rally to be shallower, with Bitcoin likely to face plenty of resistance at the top end of the last week’s highs.

Elsewhere, there was some red on the board, with NEM’s XEM, Cardano’s ADA, Monero and Dash in the red at the time of writing, while market laggard Ripple’s XRP found support through the early part of the day, up 1.21% to lead the way.

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Bitcoin Bulls Look to Take Control and Deliver a Weekend Rally

 

Bitcoin gained 2.64% on Friday, reversing Thursday’s 2.25% loss, to end the week up 8.92% at $8,937.48.

A bearish trend that formed from Wednesday’s swing hi $9,188.1 continued through to a swing lo $8,265 on Friday morning, before investors jumped back in, with the day’s low falling through the first major support level of $8,430.54.

A material shift in sentiment across the cryptomarket drove Bitcoin to an end of day intraday high $8,937.49, pushing through the day’s 62% FIB Retracement Level of $8,926.69, affirming the reversal of the 2nd half of the week bearish trend.

While major resistance levels were untested through the day, the lack of sellers through the retracement levels will have given some comfort to Bitcoin investors going into the weekend.

Concerns over Japan’s regulators doing more than giving Binance a slap on the wrist weighed heavily on the markets through Thursday and early Friday. With Japan being considered crypto friendly, it’s unlikely that Binance will be shut down however, such a decision likely to have a material impact on a market embraced domestically by both consumers and regulators.

Investigations into South Korean Bank adherences to recently introduced crypto-related policies will also be a near-term concern, any hint of banks failing to follow regs likely to raise the possibility of a more severe clamp down in the cryptomarket domestically.

All of this comes ahead of the anticipated roll out of global regulations, following last week’s G20 Summit, leaving plenty for investors to consider in the coming months.

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BTC/USD 24/03/18 Hourly Chart

At the time of writing, Bitcoin was up 0.1% to $8,930, with an early intraday high $8,983.93, falling short of the day’s first major resistance level of $9,161.65 and more importantly falling short of a move back to $9,000 levels.

Tight ranges through the early part of the day left both resistance and support levels untested, with the morning’s intraday low $8,821.74 sitting well above the day’s first major support level of $8,849.16 and 23.6% FIB Retracement Level of $8,778.8.

For the day ahead, a move through to this morning’s high would support a run at $9,000 and the day’s first major resistance level, while lateral moves through the remainder of the morning likely to put pressure on Bitcoin through the middle of the day.

Failure to make a move will likely see Bitcoin pullback to the day’s 23.6% FIB Retracement Level to test buyer appetite, with investors likely to be looking for a deeper dip before jumping back in. In the event of a Saturday pull back, the day’s 38.2% FIB Retracement Level of 8,680.6 and first major support level of $8,489.16 would be brought into play.

Assuming the news wires remain on the quieter side, $9,000 levels are likely to be seen through the weekend, with the Cboe’s Bitcoin futures Friday closing $8,620 likely to be ignored.

Elsewhere, Litecoin and Bitcoin Cash saw heavier losses, while DASH, Ripple’s XRP and NEM’s XEM bucked the trend through the morning with solid gains, DASH leading the way, up 2.65% through the early part of the day.

Bitcoin hasn’t been able to close at $9,000 levels since 14th March.

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DASH Technical Analysis – The Bears Take Control – 23/03/2018

Key Highlights

  • Dash slid 5.4% on Thursday, to reverse Wednesday’s 1.48% gain.
  • A bullish trend formed from Sunday’s swing low $315 reversed from Wednesday’s swing hi $451.85 and remained intact through Thursday
  • Thursday’s intraday low $394.44 fell through the day’s first major support level of $419.32 and 2nd support level of $404.53, leaving resistance levels untested through the day.

How to Buy DASH: The Complete Guide

DASH Price Support

Dash fell by 5.4% on Thursday, with the first half of the week’s bullish trend formed in response to relatively positive news from the G20, reversing on Wednesday, pulling Dash into the red through Thursday.

An early intraday high $439.3 failed to test the day’s first major resistance level of $450.38, affirming the bearish trend formed from Wednesday’s swing hi $451.85.

Downward pressure remained on DASH through Thursday, with concerns over regulator action on Binance in Japan and the South Korean government’s plans to investigate banks on adhering to cryptocurrency related AML procedures weighing heavily through the late part of the morning.

DASH slid to an intraday low $394.44, falling through the day’s first major support level of $419.32 and 2nd support level of $404.53, with support coming in at the day’s 38.2% FIB Retracement Level of $399.57.

The good news for DASH investors was a recovery to $400 levels on the day, though with negative sentiment weighing on the cryptos and resistance levels untested, a reversal of the bearish trend was unlikely to kick in this morning.

The bearish trend remained intact through the early part of this morning, with DASH falling 3.3% to $396.27 at the time of writing.

An intraday low $393.4 managed to avoid testing the day’s first major support level of $390.30, with an early morning high $414.18 that saw DASH move through the day’s 23.6% FIB Retracement Level of $407.99, ultimately coming under selling pressure on approach to the day’s 38.2% FIB Retracement Level of $416.37.

For the day ahead, a move back through to $400 levels would support a run at the morning’s high $414.18, though we will expect sellers to be lined up at the 23.6% and 38.2% FIB Retracement Levels, barring a material shift in sentiment across the broader market.

Failure to break through to $400 levels will likely see the day’s first major support level be tested later in the day, bringing the 2nd support level of $369.94 into play before the close.

DASH may be the pick of the pack this morning, but with investors unable to shake off the negative news from Thursday, we will expect the bearish trend to continue into the weekend, investors likely to be in the hope of yet another weekend rally to save the market from another week of losses.

DASH/USD 23/03/18 Hourly Chart

Looking at the Technical Indicators

Major Support Level: $390.30

Major Resistance Level: $435.17

Fib 23.6% Retracement Level: $407.99

Fib 38% Retracement Level: $416.37

Bitcoin gives up $9,000 as Investors Fret over Regulator Action

Bitcoin slipped 2.25% on Thursday to mark the first day in the red since Saturday’s sell-off, ending the day at $8,692.09.

An early intraday high $9,099.59 failed to test the day’s first major resistance level of $9,143.85, leading to a pullback, as investor sentiment turned negative through the day. An intraday low $8,503.52 fell through the day’s first major support level of $8,710.58 before finding support at the day’s 2nd support level of $8,516.07 through the middle part of the day, closing out the day just shy of $8,700.

The bullish trend formed from late Sunday’s bounce back reversed through Thursday, with a lack of investor appetite at the day’s 23.6% FIB Retracement Level of $8,748.5 seeing Bitcoin pull back towards the day’s 38.2% FIB Retracement Level of $8,476.5 before investors moved back in on the hopes of a late in the day rally.

News of South Korean regulators planning to investigate South Korea banks on AML measures linked to the cryptomarket ultimately weighed on investor appetite, with concerns over banks breaching recently imposed regulations seeing investors pull out on the news.

To make matters worse for Bitcoin and the clan, news of plans by Japan’s regulators to take action against Binance, which has been in operation without a license added further pressure through Thursday and the early part of this morning, Binance being the largest exchange by daily volume.

It’s certainly been a long week for the cryptomarket, the declines through the 2nd half of the week coming in spite of more favourable chatter from the G20 in the early part of the week.

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BTC/USD 23/03/18 Hourly Chart

Things were not much better through the early part of this morning, with Bitcoin down 3.53% to $8,397.34 at the time of writing.

This morning’s moves saw Bitcoin fall through the day’s first major support level of $8,430.54, bringing the day’s 2nd support level of $8,169 into play, with Bitcoin struggling to find buyers at current levels.

Negative sentiment across the market has seen Bitcoin give up $9,000 levels once more and, unless there is a material shift in sentiment through the 2nd half of the day, sub-$8,000 levels may well be on the cards going into the weekend.

We will expect the day’s first major resistance level of $9,026 to be left untested through the day, with sellers likely to be lined up at the day’s 23.6% FIB Retracement Level of $8,6605.08 and 38.2% FIB Retracement Level of $8,765.03.

A move back through to $8,500 levels would provide some relief and a run at the day’s retracement levels, but it’s looking bearish, with Bitcoin facing the prospects of a 2nd consecutive day in the red.

Looking across to the Cboe Bitcoin futures market, the April contract was down $240 to $8,360, largely tracking Bitcoin’s moves through the morning and unlikely to provide investors with any incentive to jump back in.

Elsewhere, it was a sea of red, with Cardano’s ADA, NEM’s XEM and NEO seeing the greatest falls through the morning, Cardano’s ADA leading the way down with a 7.37% tumble at the time of writing.

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Crypto Update: Cryptocurrencies Negative in Mid-Day Trading, U.S Tax Season Approaching for Traders

Cryptocurrencies have run into slight headwinds the past twenty-four hours. However, the broad crypto market remains relatively tranquil. Speculators may view the consolidation as a sign a breakout will transpire.

Tax Season in Uthe .S Approaching April 15th Filing Deadline

Recent statistics show approximately 16 million U.S citizens own some form of cryptocurrencies. The number has grown substantially since October and November of 2017 when euphoria set off a firestorm of exuberant buying. And now the U.S government will get its chance to interact with millions of American cryptocurrency traders as the deadline for filing taxes approaches on the 15th of April. While some cryptocurrency traders may want to make believe they do not need to pay taxes on their digital assets, it can be assured the U.S government views about collecting its revenues will remain steadfast.

Ripple Consolidation Raises Speculative Question, XRP’s Steady Range

Ripple remains locked in a tight range. As the cryptocurrency market has developed an air of stability this week, Ripple’s XRP coin has essentially traded near the sixty-seven cents level. Resistance via a daily chart can be interpreted as one U.S Dollar per coin, while vital support is fifty U.S cents per XRP. The rather tranquil trading in the cryptos has likely been welcomed by many traders. However, speculators may view recent results as momentary consolidation which will see a breakout develop. Which raises the question which direction the breakout will take?

Ripple 4H Chart
Ripple 4H Chart

Canada Joining Regulatory Environment, U.S Bans Petro from Venezuela

Canada is reportedly set to launch new regulations regarding cryptocurrencies. The fact that the nation is taking a look at digital assets should not be a surprise as a growing amount of countries seek transparency and laws to supervise cryptocurrencies. Also making news this week was the action in the States, including President Trump’s signed mandate, banning all transactions of Venezuela’s cryptocurrency known as the Petro for U.S citizens.

Crypto Con in Mumbai Expects Huge Number of Participants Tomorrow

Leaders from the cryptocurrency and Blockchain industry will gather in Mumbai, India tomorrow for the start of Crypto Con.

  • March 23rd, India, Crypto Con in Mumbai

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 Holds on to $9,000 as the Cryptomarket Struggles for Direction

Bitcoin ended the day rising by just 0.01% to an end of day $8,904.02 on Wednesday, with a late in the day sell-off seeing gains from earlier in the day reverse, before a final hour recovery pulled Bitcoin back into positive territory.

Bitcoin moved through to an intraday high $9,188.1 on Wednesday afternoon, following a relatively range bound morning that had seen Bitcoin hover around the $9,000 mark. The day’s high fell short of the first major resistance level of $9,215, leading to a pull back to an intraday low $8,755.

The lack of major moves through the day saw Bitcoin’s major resistance and support levels untested, with Bitcoin managing to hold above the day’s 23.6% FIB Retracement Level of $8,644 through to the day’s end.

Failure to hold on to $9,000 levels reflected some profit taking through the 2nd half of the day, with Bitcoin having recovered from last Sunday’s swing lo $7,325.37, which came off the back of better than expected news from the G20 Summit on cryptocurrencies and planned regulations.

News through the latter part of the day included reports of a slide in Bitcoin trading volumes in India, hit be regulatory pressures, with the Hong Kong regulators also reported to have stopped initial coin offerings, the combination of the two reports adding pressure, though the markets are not large enough for the cryptos to go into another meltdown just yet.

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BTC/USD 22/03/18 Hourly Chart

At the time of writing, Bitcoin was up 1.42% to $9,019.99, easing back from an intraday high $9,099.59 that fell short of testing the day’s first major resistance level of $9,143.85. It’s been relatively range bound since this morning’s high, with the cryptomarket lacking any major catalysts to spur a Bitcoin rally through the early part of the day.

For the day ahead, a move through to $9,100 would support a run at the day’s first major resistance level and a break out through to $9,200 levels, while Bitcoin continues to be some way off $10,000 levels for now.

Failure to move back through the morning’s intraday high $9,099.59 could see Bitcoin come under some selling pressure later in the day, with a fall back through to sub-$9,000 levels likely to see Bitcoin test the day’s first major support level of $8,710.58 and buyer appetite at the day’s 23.6% FIB Retracement Level of $8,750.

While the bullish trend has remained intact since Sunday’s swing lo, we will expect investors to remain sensitive to the news wires, anything negative likely to see Bitcoin pull back low $8,000 levels in response, the news wires tending to be on the more active side later in the day.

Looking across at the Futures market, the Cboe Bitcoin Futures April contract was up $130 to $9,040 at the time of writing, providing some support at current levels, though we will expect the futures market to have limited influence through the day, barring a material move south.

Elsewhere, Stellar’s Lumen, Litecoin and Ripple’s XRP bucked the trend early on, sitting in the red at the time of writing, while NEM’s XEM led the way with a gain of 5.73% to $0.30

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Crypto Update: Cryptocurrencies Rise Again as G20 Calls for Regulation

The G20 meetings in Argentina have finished and did not produce a unified mandate regarding cryptocurrencies which may have helped nervous sentiment in the market calm. Twitter has announced a ban of crypto adverts which will start in two weeks.

Cryptocurrencies Escape Sharp Claws of Governments at G20

While governments participating in the G20 meetings certainly spoke about the need to create recommendations to monitor criminal activity in cryptocurrencies,   the lack of a call for unified action helped nervous speculators rest easier. Bank of England Governor Mark Carney also was quoted as saying cryptocurrencies do not pose a serious threat to the broad financial markets. However, Carney’s comments may prove to be a backhanded compliment, because while he has said Blockchain offers an interesting technology for transactions, he has been critical of cryptocurrency values in the past.

Bitcoin Rallies from Lows with Solid Climb, More Turbulence Will Develop

Bitcoin has climbed from its lows made early this week and is trading close to 9000.00 U.S Dollars per coin. The G20 meetings appear to have helped Bitcoin short term. Important support looks to be around 7500.00, while key resistance resides near 9800.00 Dollars for Bitcoin. Volatility is a constant companion for cryptocurrencies, and Bitcoin’s ability to gain momentum the past two days is an indicator more turbulence will develop near term.

Bitcoin 4H Chart
Bitcoin 4H Chart

Twitter Joins Ban of Cryptocurrency Adverts on Social Media

Twitter is reportedly set to follow in the footsteps of Facebook and Google and ban cryptocurrency and Initial Coin Offering advertisements. Social media’s impact on the popularity of cryptocurrencies and its related businesses have helped create a dynamic environment for digital assets. The announcement from Twitter will reportedly take effect in two weeks.

Blockchain Conference in Kiev on Friday

A Blockchain conference will take place in Kiev on Friday, and participants are been promised a good educational and networking event.

  • March 23rd, Ukraine, International Blockchain UA Conference in Kiev

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 Regains $9,000 with the Bulls in Control

Bitcoin gained 3.85% on Tuesday, following Monday’s 4.34% rise, to end the day at $8,927.78.

It was a relatively choppy start to the day, with concerns over the G20 Summit and the threat of a material clamp down on the cryptomarket pinning back investor appetite through the first half of the day.

Bitcoin pulled back to an intraday low $8,313.01 in the morning, falling through the day’s 23.6% FIB Retracement Level of $8,389.9 before support kicked in. Favourable news from the G20 Summit hit the wires through the afternoon, driving Bitcoin to an intraday high $9,051, with Bitcoin breaking through the day’s first major resistance level of $8,815.67. Falling short of the day’s 2nd resistance level of $9,069.49 ultimately led to a pull back to sub-$9,000 levels by the close, though the good news for the day was Bitcoin managing to avoid testing the day’s first major support level of $8,211.1.

News from the G20 affirmed what many had feared, a planned global roll out of regulations to be incorporated before the cryptomarket grows to a size that would have a contagion effect on the broader financial markets. The approach was softer however, with the general consensus being that governments will not clamp down as significantly as had been feared following last week’s Congress session on cryptocurrencies and ICOs.

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BTC/USD 21/03/18 Hourly Chart

At the time of writing, Bitcoin was up 1.36% to $9,025.45, easing back from an intraday high $9,129.4 that fell short of the day’s first major resistance level of $9,215.

A start of the day $8,881 low quickly reversed, with the bullish trend remaining intact at the time of writing, with Bitcoin having recovered from Sunday’s swing lo $7,325.37 to Tuesday’s swing hi $9,051.

With major support and resistance levels yet to be tested today, a move through today’s intraday high $9,129.4 would support a run at the day’s first major resistance level of $9,214.95, $10,000 the next milestone for Bitcoin and the Bitcoin bulls.

Failure to break back through to $9,100 levels could see selling pressure build later in the day, with investors looking to lock in profits from the latest run, which could test Bitcoin support at sub-$9,000 levels, though the day’s first major support level of $8,476.86 will unlikely be tested barring negative news hitting the wires.

For the Cboe Bitcoin Futures April contract, this morning’s $40 gain to $9,060 will provide some support through the middle part of the day, as the futures market takes its cues from Bitcoin through the early part of the week.

Elsewhere, Cardano’s ADA was up 6.59%, with Ethereum up 4.91%, while Stellar’s Lumen, NEM’s XEM and Bitcoin Cash saw early gains reverse to move into the red at the time of writing.

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Crypto Update: Digital Assets Gain Value as Clouds Linger, Ripple above a Crucial Support

The G20 meeting is Argentina has not produced concrete government mandates yet, regarding new regulations in order to curb money laundering via bad players in the cryptocurrency sector.

Cryptocurrencies Show Stability and Put in Gains to Start the Week

The broad cryptocurrency market was able to show stability on Monday and produce gains. The G20 summit underway in Argentina has not produced any substantive regulatory mandates. It is assumed there will be a call for greater transparency and supervision to fight against money laundering by ‘bad players’ via the use of cryptocurrencies, but nothing concrete has been delivered yet from the Buenos Aires meetings.

Ripple Swimming in Dangerous Waters, Perceptions an Important Factor

Ripple’s XRP coin is trading near sixty-six cents this morning. After being pushed to lows last week around fifty-three cents, Ripple has been able to add value. However, XRP remains in dangerous waters as fragile sentiment prevails. While resistance looks to be one U.S Dollar, and perceptions make it feel like the juncture is far away, Ripple was trading near the one dollar ratio in early March. Crucial support remains near fifty-three cents and should that barrier fall, the next critical level lower would be forty-three cents for XRP.

Ripple Daily Chart
Ripple Daily Chart

ICO Scrutiny via the SEC Creating Chills in the Marketplace

The Security Exchange Commission’s announcement last week, that it is investigating a broad number of Initial Coin Offerings and the use of their tokens has put a chill into the ICO market. Over seventy percent of ICO’s have dropped in value this year. And investors continue to exhibit signs of concern, this while companies planning on new offerings are pausing as they look over the new regulatory landscape developing in the United States and other global jurisdictions.

TechNova Blockchain Summit at the Millennium Mayfair Hotel in London

A TechNova Blockchain event will take place on the 22nd of March in London, and will talks on the future of distributed ledger technology and important industry leaders will participate.

  • March 22nd, U.K, TechNova Blockchain Summit in London

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 Sees Red but is looking to make a Move

It’s been an eventful few days across the cryptomarket, with regulatory news chatter ultimately providing much needed support at the end of the weekend, with Bank of England Governor Mark Carney’s assessment of the cryptomarket and the foreseen lack of contagion risk to the financial markets and global economy being taken as a green light by investors for governments to leave things status quo.

We’ve heard few governments consider status quo as a viable option however, so it remains to be seen whether there will be any major news hitting the wires, form the G20, of a coordinated global effort to increase cryptomarket oversight and look to address the current use of cryptocurrencies for criminal and terrorist activity.

Following Sunday’s 5.3% gain, Bitcoin gained 4.3% on Monday, to end the day at $8,561.85. An intraday high $8,718.74 pushed through the first major resistance level of $8,598.21, whilst falling short of the day’s 2nd resistance level of $8,916.42 and a move back to $9,000 levels.

The good news for investors was that sub-$8,000 support levels were untested, with an intraday low $8,114.17 supporting the bearish trend reversal on Sunday, with Bitcoin’s bullish trend intact in spite of this morning’s losses.

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BTC/USD 20/03/18 Hourly Chart

At the time of writing, Bitcoin was down 1.54% to $8,464.94, with major support and resistance levels yet to be tested through the early part of the morning.

Market sentiment through the morning has deteriorated, with comparisons to the dot.com crash hitting the news wires doing little to provide support, while G20 chatter on the cryptos has remained relatively silent since Carney’s comments.

For the day ahead, the markets will undoubtedly be jittery as the G20 Summit continues, with the possibility of negative news hitting the wires at any time posing a real threat to the recent gains that led to Bitcoin hitting a swing hi $8,718.74 on Monday.

A pullback to the day’s 23.6% FIB Retracement Level of $8,389.9 would certainly be another test of support, with the negative sentiment across the market likely to see Bitcoin find few buyers, bringing the day’s major support level of $8,211.1 into play.

Moving back through the morning’s high $8,655.45 would support the current bullish trend and a move back into positive territory, though BoE Governor Carney would need to find other supporters at the G20 to ease some of the concern. One central bankers amongst 20 is certainly not enough.

For the Cboe Bitcoin Futures April contract, this morning’s $75 gain to $8,520 will provide some support through the middle part of the day.

Elsewhere, it was red across the board, with Ripple’s XRP down 6.38% and Ethereum down 3.7%, while NEM’s XEM rebounded from heavy early losses, up 7.49% at the time of writing.

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Crypto Update: Cryptocurrencies Rebound Ahead of G20, AML and Transparency in Focus

G20 meetings will get underway in Argentina today and one of the big talking points will be AML and transparency for cryptocurrency transactions.

Government Concerns Regarding Cryptos a Focus at G20

Cryptocurrencies will take center stage at the G20 meetings which will get underway today in Buenos Aires. Digital assets remain under a sea of pressure as they seemingly take hits from a variety of directions. Governments will be talking about concerns they have regarding money laundering and transparency of payments at the G20 summit. And while this discussion is certain to get loud, there has also been a barrage of anti-crypto rhetoric recently from the International Monetary Fund and Bank of International Settlements.

Ethereum Unable to Escape Slings and Arrows, Key Price Ratio Tested

While many people talk about the crater that has taken hold of Bitcoin, Ethereum has not been able to escape a siege mentality either which has taken hold of sentiment in the cryptocurrencies. Ether remains under attack and has lost value in a rather steady trend since late February. Ethereum is near 540.00 U.S Dollars per coin and is testing price ratios not seen since early December of 2017. If Ether should continue to wither, a test of support may occur around the 463.00 mark. And traders who are looking for upside potential short-term may find resistance near 600.00 U.S Dollars.

Ethereum Daily CHART
Ethereum Daily Chart

Increased Scrutiny May Help Cryptocurrencies in Time

Cryptocurrencies have taken a beating since mid-January and most of the major digital assets have not been able to sustain buying trends upwards. Speculative appetite remains flustered within the sector as a barrage of hacks, regulatory talk from governments and scrutiny of Initial Coin Offerings has taken hold. The question for speculators is whether or not this spate of bad news will eventually be a good thing for the cryptocurrency industry as transparency increases for digital assets.

AML Meeting in Buenos Aires to Make Cryptos a Talking Point Today

A G20 meeting focusing on Cryptocurrencies and Anti Money Laundering will take place later today and could impact the marketplace.

  • March 19th, Argentina, G20 Meeting regarding 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 Up for now, as Focus Shifts to the G20

That was quite a weekend for Bitcoin, which had slipped 4.86% on Saturday, off the back of a sharp pull back from the day’s intraday high $8,356.4 that continued through to Sunday’s intraday low $7,325.37, struck late in the afternoon.

Market sensitivity to the news wires was evident once more as investors responded to the news of Twitter’s plans to ban crypto ads in the weeks ahead. Just how damaging such a move will actually be to the likes of Bitcoin is unclear but, with Facebook and Google having already introduced bans, much of the damage is likely to have already been done and the cryptomarket is still alive and kicking.

A Sunday evening bounce back through to an end of day $8,280 was quite a jump in the final hours of the weekend, with Bitcoin moving through and holding above the day’s first major resistance level of $8,232.2, particularly when considering that Bitcoin had fallen through the day’s 1st and 2nd support levels just hours earlier with relative ease.

News hitting the wires of expectations that the G20 will not look to introduce damaging regulations provided much needed support for the cryptos late Sunday and for Bitcoin through the early part of this morning.

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BTC/USD 19/03/18 Hourly Chart

Bitcoin was up 1.52% to $8,312.91 at the time of writing, with Bitcoin Cash the only major crypto sitting in the red at the time of writing.

With Bitcoin sitting at the day’s 38.2% FIB Retracement Level of $8,305.8, a move back through to today’s intraday high $8,461.38 would support a run at today’s 1st major resistance level of $8,598.21, though we will expect Bitcoin to face plenty of resistance at $8,400 levels. Bitcoin has managed to gain more than $1,000 since Sunday evening’s low and, while there is talk of the G20 taking a softly softly approach to the cryptomarket, last week’s session in Congress suggests otherwise and some caution would certainly be needed.

A failure to break through to $8,500 levels will likely test investor resolve later in the day, which could see Bitcoin pull back through to today’s intraday low $8,130.01, with any fall to below the day’s 23.6% FIB Retracement Level of $7,931 likely to bring support levels into play this evening.

Looking across at the Cboe Bitcoin Futures April contract, this morning’s $245 fall to $8,340 supports current levels, though we will expect the news wires to ultimately decide the fate of Bitcoin through the day, as investors look to avoid another sell-off later in the day.

Elsewhere, Cardano trail blazed through the morning, gaining 6.83% at the time of writing, with the rest of the majors failing to make any gains of beyond 2%.

We can expect a choppy week ahead and with volatility comes opportunity, support for cryptocurrencies appearing to be unwavering for now.

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Crypto Update: More Questions for Cryptocurrencies Coming This Week, Bitcoin is in Free Fall

Upcoming G20 Include Cryptocurrency Discussions, Crucial Days Ahead

The G20 meetings which will start in Argentina and last through Tuesday could prove important for cryptocurrencies. Two organized meetings are on the schedule as governments seek ways to curb money laundering, increase tax supervision and create regulations, which they hope will lead to more transparency. Cryptocurrencies have faced headwinds since early March and most digital assets are near crucial price values which are touching, and in some cases are below, levels when the market began to soar in December of 2017. Meaning speculators will need additional buyers to step up and stop the bleeding short term as losses pile up for those who joined the cryptocurrency party in December and watch as their digital assets skid lower.

Bitcoin Stumbles and Struggles, Significant Support in Sight as Week Begins

Bitcoin has struggled this weekend and is near 7600.00 U.S Dollars per coin today. The cryptocurrency is waging a battle against key support as it touches early February levels. If Bitcoin should stumble further, the next key ratios will entail price ratios not seen since November 2017 and extremely significant support near 6000.00 U.S Dollars. The week ahead will prove important and developments from the G20 meetings which start tomorrow in Buenos Aires could be an additional fly in the ointment. For those wondering where resistance resides, the 9300.00 juncture appears strong.

Bitcoin Daily Chart
Bitcoin Daily Chart

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ICOs Likely to Face Additional Heat from Security Exchange Commission

Initial Coin Offerings continue to face questions from the Security Exchange Commission and other global government agencies, which seek to protect investors from potential fraudulent activities. The SEC is said to be conducting investigations of a large array of ICOs. Subpoenas are expected to be delivered in the coming weeks to companies who are suspected of not paying attention to new mandates saying U.S securities laws need to be respected as the launch and use of tokens by ICOs comes under greater scrutiny.

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 in the Deep Red, with Next Week’s G20 a Concern

It was yet another dark day for Bitcoin on Saturday, with Bitcoin falling 4.9% to end the day at $7,857.02, its lowest day end since the first week of February, when Bitcoin had tumbled back to sub-$6,000 levels.

Bitcoin found limited support at the day’s first major support level of $7,919, while Bitcoin managed to avoid the day’s 2nd support level of $7,567.1, as Bitcoin tumbled from a day high $8,356.4 to an intraday low $7,730.23.

The intraday high $8,356.4 failed to break through the day’s 38.2% FIB Retracement Level of $8,526.22 and the day’s first major resistance level of $8,618.08, ultimately leading to the reversal through the second part of the day.

There’s been very little good news for investors to get excited about of late, with hard forks seeming to be the only real catalysts for any sustained rallies across the major cryptos.

A lack of direction amidst rising concerns of a material shift in the regulatory landscape has left investor treading carefully in recent weeks, making Bitcoin and its peers all the more sensitive to the news wires, with last week’s session in Congress just a taste of what’s to come in the months ahead.

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BTC/USD 18/03/18 Hourly Chart

At the time of writing, Bitcoin was down 3.35% to $7,597.51 as the crypto sell-off continues on from Saturday.

The bearish trend that has been in place since Monday’s swing hi $9,892 has only seen minor deviation throughout the week, with intraday rallies having reversed before the end of each day, investors worried about what lies ahead.

This morning’s intraday low $7,550 tested the day’s first major support level of $7,606.03 early on, with Bitcoin’s move back to current levels a positive sign for investors, as some of the other majors have continued to free fall through the morning.

For the day ahead, a move through to $8,000 levels will be key for Bitcoin to have any hope of a positive end to the day and a possible reversal of Saturday’s losses, with the day’s 23.6% FIB Retracement Level of $8,203.56 and first major resistance level of $8,232.2 key targets for Bitcoin to hit through the middle part of the day.

A failure to push through to $8,000 levels in the afternoon, could see Bitcoin see a pullback to this morning’s $7,550 low and test the day’s 2nd support level of $7,355.05.

Good news for investors will be that Bitcoin’s Cboe future April contract ended last week at $8,530.

How Bitcoin ends the weekend will give many an idea of what comes first, the futures or the coin…

For now, it’s looking as though Bitcoin gives the cues, though it wouldn’t be the first time that the Bitcoin bulls grab the reins… A move through to the morning’s $7,893.34 high would certainly raise the prospects of a Sunday afternoon bounce.

Elsewhere, NEM’s XEM saw the biggest losses through the morning, down 11.49%, with Stellar’s Lumen down 7.52% and Cardano down 7.89%, with none of the majors in positive territory this morning.

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Bitcoin Sees Red as the Bulls Go in Search of a Weekend Rally

Bitcoin had another choppy day on Friday, with negative market sentiment late Thursday continuing through early Friday pulling Bitcoin down to an intraday low $7,914.08, testing sub-$8,000 support levels and investor resolve from the get go.

A move back through the day’s 23.6% FIB Retracement Level of $8,203.56 provided the necessary support through the middle of the day, as sentiment across the cryptomarket improved, leading to Bitcoin rallying through the day’s 38.2% FIB Retracement Level of $8,526.22, with an intraday high $8,613.06 testing the day’s first major resistance level of $8,580.81.

Sentiment shifted late in the day however, as news hit the wires of SEC investigations into initial coin offerings, raising concerns that investigations into exchanges may not be far away, particularly following the session in Congress on Wednesday.

Bitcoin pulled back to end the day at $8,271.1, a gain of just 0.07%, leaving Bitcoin down 13.3% for the week, the only good news for the Bitcoin bulls being the fact that Bitcoin failed to test the day’s first major support level of $7,837.81, the bad news being Bitcoin hitting intraday lows at sub-$8,000 levels for a 3rd consecutive day.

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BTC/USD 17/03/18 Hourly Chart

At the time of writing, Bitcoin was down 1.04% to $8,173.06, with Friday’s late sell-off ultimately pinning Bitcoin back through the early part of the morning.

Bitcoin’s early intraday high $8,307.86 came within the first hour of the day, with the bearish trend intact as Bitcoin pulled back below the day’s 23.6% FIB Retracement Level of $8,203.56.

Bitcoin has managed to avoid sub-$8,000 levels through the early part of the morning and a move through to the day’s 38.2% FIB Retracement Level of $8,526.22 will be needed to support a Saturday rally and to test the day’s first major resistance level of $8,618.

Investors will be looking for signs of a rally that will make key levels material through the middle part of the day and, if Bitcoin fails to move through to $8,500 levels, a pullback could be on the cards, bringing sub-$8,000 support levels into play.

Of little concern through the early part of the weekend will be the Cboe Bitcoin Futures April contract’s closing $8,530, though we will expect this to come into play towards the end of the weekend. Whether the closing price will be a weight will depend upon gains through this afternoon.

We saw Bitcoin struggle to get anywhere near $10,000 levels at the start of the week and, with the bearish trend having formed from Monday’s swing hi $9,892, investors are going to need to be particularly bold for such levels to be reached in the coming days, with $9,000 levels likely to be a push, but not altogether improbable through the weekend.

Elsewhere, Bitcoin Cash managed to recover early losses to move into positive territory at the time of writing, with Cardano and NEO also making gains, though there’s little to write home about just yet.

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Bitcoin in the Red, but it May not Stay that Way

It was quite a recovery by Bitcoin on Thursday, with memories of Bitcoin sitting at sub-$6,000 levels still fresh in the minds of investors, testing investor resolve following Wednesday’s 10.3% fall in response to the prospects of a material shift in the regulatory landscape in the U.S.

The recovery was certainly not a smooth one however, with Wednesday’s negative sentiment plaguing the Bitcoin and the markets through the early part of Thursday.

Bitcoin slid 6.3% in the early hours to an intraday low $7,682, which may have avoided the day’s first major support level of $7,652, but certainly needed investors to jump in to avoid a more material slide to the day’s 2nd support level of $7,095 that could have been a recipe for disaster for Bitcoin investors and the broader market.

Bitcoin managed to reverse the early slide through the morning to move back to $8,000 levels and hit an intraday high $8,425 in the middle of the day. The recovery was not enough to test the day’s first major resistance level of $9,059.69, but was significant enough to move through the day’s 23.6% FIB Retracement Level of $8,406.78, testing investor sentiment through the afternoon.

The markets were still cagey, following Wednesday’s losses, with uncertainty over what lies ahead continuing to weigh through the day, but with Bitcoin managing to close out the day at $8,287.22, gaining 1.1%, it was certainly a lot more positive than the start of the day had suggested.

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BTC/USD 16/03/18 Hourly Chart

It was another slow start to the day for Bitcoin this morning, which was down 0.67% to $8,209.97 at the time of writing.

An early fall to $7,914.08 was the only real negative however, with Bitcoin able to recover to $8,209.97, hovering at the day’s 23.6% FIB Retracement Level of $8,203.56. The morning’s $8,341.13 high fell short of the day’s first major resistance level of $8,580, which has ultimately pinned Bitcoin back early on.

For the day ahead, a move through to the day’s 38.2% FIB Retracement Level of $8,526 and first major resistance level of $8,580 would be needed for Bitcoin to have a run at the day’s 2nd resistance level of $8,874 and begin to eye $9,000 levels.

Failure to move through to $8,500 levels will likely add pressure later in the day that would see Bitcoin test sub-$8,000 support levels going into the weekend.

Looking across at the Cboe Bitcoin Futures market, the April contract is down $70 at $8,220 which will be of influence this morning, with investors likely to be wary ahead of the afternoon and what the news wires may deliver.

The news has been on the quieter side this morning, which should provide some support however, which could ultimately lead the way for the cryptomarkets and the Futures markets.

Elsewhere, Ripple’s XRP continues buck the trend, up 0.75% this morning, while NEM’s XEM has seen the heaviest losses, down 3.08%, with Bitcoin Cash not far behind, down 2.02%.

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Crypto Update: Fragile Market & Support Ratios under Duress, Bitcoin Continues Falling

Bitcoin remains near important support levels. Speculators who are buyers will need stamina, and hope better sentiment is generated for cryptocurrencies short term.

Google Searches for Cryptocurrency Showing Signs of Fatigue

Not only has Google announced a ban on advertisements for cryptocurrencies and Initial Coin Offerings, but it is also being reported that the number of Google searches for cryptocurrencies has dropped dramatically. The general public which showed euphoria with cryptocurrencies is now showing signs statistically of fatigue. Which means it will be up to the core followers and new converts to cryptocurrencies to generate better market psychology.

Bitcoin near Important Trigger Points, February Lows in Sight

Bitcoin is fighting for value as buyers appear to be struggling. Bitcoin is near 8100.00 U.S Dollars per coin and battling critical support. While resistance for Bitcoin remains near 11,300.00, support around 7700.00 could be an important trigger point. Bitcoin tested lows in early February and has been able to add value. But should the cryptocurrency fall below its low water marks in February, a test of values not seen since November could emerge? Speculators may look at the current values of Bitcoin and see buying opportunities, but they will need strong stomachs as they battle poor sentiment which is confronting the broad crypto marketplace.

Bitcoin Daily Chart
Bitcoin Daily Chart

SEC Turns its Attention to Cryptocurrency Hedge Funds

The Security Exchange Commission which has come out with a number of comments regarding cryptocurrencies and ICOs recently is now turning its attention to cryptocurrency hedge funds. The SEC is said to be taking a hard look at how the funds value their assets and their compliance management. However, it should be noted that many cryptocurrency hedge funds remain outside of the SEC’s scope because many of the hedge funds are not large enough monetarily to fall under SEC jurisdiction.

EMST Berlin Workshop for Blockchain and the Energy Sector

A workshop for professionals in the energy sector with an interest in Blockchain will be held in Berlin, Germany tomorrow for those who seek to grow their expertise.

  • March 16th, Germany, Blockchain in the Energy Sector Workshop

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.

The Bitcoin Bulls Fight on in the Face of Adversity

Wednesday was certainly a dark day for Bitcoin and cryptomarket jitters were evident from the very early hours of the day, as investor focus shifted towards Congress.

The jitters were certainly justified, with members of the Financial Services Committee kicking off the session with some quite damming views on the cryptomarket, not to mention the Sub-Committee Chairman’s desire to hit the cryptomarket with significantly more oversight than is currently in place.

Unexpected news events that caught the cryptomarket off guard included Google’s ban of anything crypto, including the banning of ads for ICOs, cryptocurrencies, wallets and exchanges and then, to make matters worse, an Allianz report assigning Bitcoin with an intrinsic value of zero.

When considering how the cryptomarkets responded to the South Korean regulatory noise earlier in the year, the market stood up pretty well, with Bitcoin ending the day down 10.32% to $8,270.4.

The day’s intraday low $7,948 tumbled through the 1st and 2nd major support levels of the day, while managing to avoid the 3rd support level of $7,865.35. Perhaps there was some consolation in the fact that Bitcoin managed to recover to $8,000 levels by the close, well above the $5,920.72 low of the year, hit back on 6th February.

Talks of bubbles will undoubtedly do their rounds again in the coming days, but Bitcoin and the rest of the clan have yet to completely disappear in spite of the bashing that the cryptocurrencies have received from lawmakers this year. While cryptomarket troubles may be far from over, there will be some comfort to those investors able to withstand the heightened volatility.

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BTC/USD 15/03/18 Hourly Chart

This morning started off on another sour note, with Bitcoin sliding to an intraday low $7,682, testing the day’s first major support level of $7,652 in the early part of the day. At the time of writing, Bitcoin was down 3.6% to $7,901.39, with support kicking in at current levels as investors assess the damage.

While we will expect Bitcoin to find buying interest through the day, Bitcoin will need to move to $7,900 levels and push through to $8,000 to restore some degree of confidence in the market and give investors a sense that sub-$6,000 levels may be avoided this time around.

With major resistance levels some way off, there’s certainly scope for a momentum driven rebound, though recovering Wednesday’s losses may be a stretch, with Bitcoin having seen a bearish trend kick in back on Monday morning.

Failure to break through to $8,000 levels through the middle part of the day could ultimately see Bitcoin pullback to this morning’s low and test the day’s major support levels, with fear of sub-$6,000 likely to build.

Elsewhere in the markets, the week’s trailblazer NEM’s XEM was down 10.69% this morning, with Stellar’s Lumen and Cardano down 8.28% and 9.17% respectively, the trio known to move in the extremes at times of stress.

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Google Says Ban of Crypto & ICO Adverts Near, Ethereum is in Trouble

The statement from Google will add fuel to an already nervous cryptocurrency and ICO marketplace.

Market Psychology of Speculators Facing an Important Test

Google has announced they will begin to suspend cryptocurrency and Initial Coin Offering advertisements. Google has now joined Facebook by issuing a ban and its effect may cause more turbulence on already beleaguered cryptocurrencies. Many of the major digital assets are testing low water marks last seen in early December of 2017, which was before the huge upsurge in values for cryptocurrencies took place. The next few days could prove very important for market psychology among speculators.

Ethereum Swimming in Danger Waters, Sustaining Buying Yet to Emerge

Ethereum is within a dangerous range for speculators. The current price of Ether is near 690.00 U.S Dollars per coin. Extremely important support for Ethereum lurks around 624.00. And should that support juncture fail to hold, speculators could be concerned Ether may aim for its late November and early December ratios between 500.00 and 400.00 U.S Dollars per coin. Ethereum has been under a wave of pressure the past week without any sustained buying yet to emerge short term.

Ethereum Daily Chart
Ethereum Daily Chart

Euphoria among Speculators Wearing Thin as Steep Losses Hurt

Euphoria among cryptocurrency traders may be wearing thin. Since December’s 2017’s massive run-up in value, the marketplace has not been stable. Most major cryptocurrencies are now back to their early December price ratios. Which means many speculators who joined the frenzy in December are looking at potentially steep losses. The question traders need answering is: when will stable ranges emerge for values in order to practice better risk management?


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Innovation Blockchain Event in NYC Next Week

On March the 22nd an Innovation Workshop for Blockchain will be held in New York City, it will include participants from the financial and banking sectors.

  • March 22nd, U.S, Innovation Workshop: Finance and Banking on Blockchain

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.