By Talha Dar on Feb 18, 2019 05:56 pm
Hyundai Commercial has announced a partnership with IBM for the development of a blockchain-based financial system. IBM also announced the news regarding the partnership during its recent IBM Think 2019 event. Hyundai Commercial is South Korea’s leading automobile manufacturer’s finance company. It provides financial and leasing services to Hyundai for construction equipment and commercial vehicles. In the said partnership, a new supply chain financing ecosystem will be created for Hyundai Commercial. IBM is expected to use open source Hyperledger Fabric blockchain technology in order to achieve this goal. After successful implementation of the blockchain-based financing ecosystem, manual processing will be replaced with automatic processing, thereby enhancing the efficiency. Moreover, a real-time view of all transactions on blockchain will be available to all network participants including manufacturers, dealers and distributors. It will also ensure efficient and secure distribution of this data. Furthermore, Hyundai Card (a separate Hyundai financial services subsidiary) has asked IBM to develop a chatbot for its customer services utilizing artificial intelligence. IBM will use its machine learning technology for the said project. Recently, IBM declared to utilize its blockchain technology along with the Internet of Things (IoT) to develop a sensory system for real-time groundwater tracking in California. On the other hand, in order to promote fintech startups in Busan, HyundaiPay signed a Memorandum of Understanding (MoU) in the previous week. It is expected that as blockchain regulations become lucid, more and more industrial investors will join the sector. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here. Image Courtesy: pexels.com The post Hyundai to Integrate Blockchain into Financial System with IBM's Help appeared first on BitcoinNews.com.
Read in browser »
 
By Bitcoin News PR on Feb 18, 2019 03:18 pm
Bitcoin Press Release: Popular online marketplace Flubit.com has announced a sale, with 25% off every Item, including TVs, Laptops, Beauty items, Video Games and more. 14th February 2019, London, UK – Online global marketplace Flubit.com has announced that from today it is offering a huge sale, with 25% off all stock, worldwide. The digital retail giant already has over one million items listed at a cheaper price than its largest competitor, Amazon.co.uk, every week. Users of Flubit.com can now take advantage of the considerable discount when they pay with the sites MUE (MonetaryUnit) digital currency. Bertie Stephens, Co-Founder, and CEO of Flubit.com said the following: "We have never before seen savings like this for online shoppers. Where else can you get significant savings on Amazon prices? This "25% off" offer applies to all of the millions of items we sell; so you can save on the latest video games, laptops, perfumes, books, coffee machines, clothes and more. We believe this is set to disrupt online shopping and really bring into focus the huge benefits that can be realized when using digital currencies as a method of payment".
Byron Barnard, founder of the MonetaryUnit Blockchain project described the importance of showing (not telling) the world about the benefits of digital currencies; "Our mission is to show why digital currencies will benefit you; we believe offering these massive savings will be the breakthrough for mass adoption. What better way to do it than by creating the cheapest online marketplace in the world?".
Flubit.com expect that many of its shoppers will be unfamiliar with using digital currencies, so it has created a simple 3-step guide to allow shoppers to install the free MonetaryUnit digital wallet, top-up with MUE, and then place their orders as easily as they would with a debit or credit card. In addition to accepting the MUE digital currency, Flubit.com also accept payment in Bitcoin, Litecoin, and Ethereum. The marketplace is also strict on the sellers it accepts, only enabling verified merchants to sell through the platform. Launched in 2014, MonetaryUnit last year acquired the rights to operate the Flubit.com platform. This acquisition created the world's largest cryptocurrency enabled marketplace in Flubit.com, and further work on past success looks to create major waves in the established model for traditional online shopping. With prices surpassing that of it's biggest competitors, 2019 is set to be a standout year for Flubit.com as it continues to grow and develop. To find out more about Flubit, visit – http://www.flubit.com
Learn more about MonetaryUnit – https://www.MonetaryUnit.org
Find Flubit on Facebook – https://www.facebook.com/flubit
Follow Flubit on Twitter – https://twitter.com/flubitweet
Check out the Flubit Instagram – https://www.instagram.com/flubit
Meet the Flubit team on Linkedin – https://www.linkedin.com/company/flubit-limited Media Contact Details Contact Name: Ashley Hill
Contact Phone Number: +44 (0)203 1377341
Contact Email: Ashley.hill@flubit.com Flubit.com is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here. Image Courtesy: The post PR: Flubit.com Announces 25% off all Stock in Massive Online Sale appeared first on BitcoinNews.com.
Read in browser »
By Talha Dar on Feb 18, 2019 02:53 pm
Vitalik Buterin has said that the upcoming Ethereum Constantinople hard fork will not have any negative security implications. The co-founder, along with other core developers, dismissed any such rumors during a recent core developer call. Ethereum is set to release its latest smart contract feature, with the main criticism centered on a new feature named as Create2. The feature has been designated as Ethereum Improvement Proposal (EIP 1014) and is expected to allow integrations with a contract which is still non-existent on the blockchain. Many developers have raised questions regarding the addition of a potential attack vector to the network due to the implementation of Create2. After being deployed, smart contracts can be coded to change their address. One expert suggested that after implementation of Constantinople, any contract with a self-destruct feature will be more vulnerable than before. During the discussion, developer Jeff Coleman highlighted the point regarding the counterintuitive nature of Create2. He maintained that it is possible, in theory, that redeployments can alter the contract byte code as the address is just a commitment to the init code. However, the public should be conscious of the fact that init codes are a part of auditing whereas the problem is caused by non-deterministic init codes. In addition, Buterin maintained that Create2 is a part of the platform’s long-term plans. He believed that when thinking about deletion and rents, one should keep in mind a futuristic approach. One needs not to solve these issues in the next few days. However, keeping these issues in mind will help once ETH 2.0 is sharded to a VM spec in near future, he added. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here. Image Courtesy: pexels.com The post Vitalik Buterin Dismisses Constantinople Security Rumors appeared first on BitcoinNews.com.
Read in browser »
By Bitcoin News PR on Feb 18, 2019 02:35 pm
Cryptocurrency trading is still going strong despite the recent price uncertainties and the overall bear market, because the world is interested in the new asset class. But, for many traders, current trading tools are insufficient and therefore, the market is in need of more innovative solutions and applications. BuySellHODL has launched a new innovative application that will help investors and traders get the most out of their investment. With proprietory crypto ratings and price target feature, the service is currently free and will give users real-time ratings and unique price target data that is quantitative and analytical thus freeing investors from relying on gut instinct for trading purposes. Beginners and experts both can feel at home with this approach and trade to their full potential. The BuySellHODL Approach The new app sets a 12 month price target of $6,662.29 with trade breakdowns of 60% Buy, 22% HODL, and 19% Sell. While many of the price analytics solutions do not take users' feedback into account, BuySellHODL takes a different approach. It regularly approaches its active users on their opinions regarding the overall state of the market. A proprietary algorithm then uses this crucial feedback data to to create realistic price targets and overall ratings. The information is then readily made available for the public and updated on an hourly basis on the website as well as iOS and Android applications. According to Founder, Clifford Lerner: "There is a severe lack of compelling data and real-time analysis on cryptocurrencies. Our app addresses these shortcomings head-on, by providing the first of its kind crypto-currency content. By querying our community of users, we're able to create fresh, real-time, and unbiased cryptocurrency ratings and price target data, while eliminating the inherent shortcomings and biases of qualitative ratings data that give little insights into the trends." Unique Aspects of the BuySellHODL Crypto Ratings - Real-Time Data – Price targets are updated every minute, whilst price ratings are updated every 24 hours.
- Quantitative Information – A proprietary algorithm that generates ratings and targets.
- Sentiment Analysis – It is easy to see Bitcoin trends and critical shifts in community opinion.
- Universal Availability – Access crypto ratings on the website and through the Android and iPhone apps.
BuySellHODL Features Every user gets to create a crypto bio for their profiles. The profile includes several important questions that are accounted for in the overall future ratings and price targets. Specifically, the proprietary algorithm includes several factors in determining the future of every coin including the distribution of Buy, Sell and HODL ratings, distribution of all cryptocurrency ratings and the price prediction survey data from the profiles. Cryptocurrencies Available on the App Only the Bitcoin price feature is available on the app right now, but the company is also going to launch the price targets and data for all of the popular coins and tokens including Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), EOS, Zcash (ZEC), TRON (TRX), Binance Coin (BNB), Stellar (XLM), and Ethereum Classic (ETC). An Expert Cryptocurrency Analysis is also on the cards with exclusive price targets and ratings from top cryptocurrency traders in the world. Experts wishing to join this facility can click here. Geographical Ratings Analysis In addition, BuySellHODL is also launching a Geographical Ratings Analysis as a world-first. It will allow users to see price data from specific regions in the world including top crypto locations like USA, Japan, Brazil, United Kingdom, Switzerland, Australia, Canada, China, Argentina, Estonia, and Hong Kong, Taiwan, Singapore, South Korea, and Indonesia. To find out more, visit the BuySellHODL Official Site – https://buysellhodlapp.com Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here. Image Courtesy: The post BuySellHODL Releases Cryptocurrency Ratings and Price Target App appeared first on BitcoinNews.com.
Read in browser »
By Bitcoin News PR on Feb 18, 2019 01:49 pm
Bitcoin Press Release: BuySellHODL launches one of the worlds first cryptocurrency ratings and price targets feature. The application is available for download on both Android and Apple devices. Febuary 14th, 2019, New York – Newly launched cryptocurrency app BuySellHODL has announced the launch of its proprietary crypto ratings and price target feature, with Bitcoin as the initial coin rating launch. The rating feature is currently free and the first of its kind in the crypto space. It gives users real-time ratings and price target data that is entirely quantitative, creating an invaluable analysis tool for beginners and experts alike. Bitcoin Rating & Price Target Bitcoin has earned a "Buy" rating with a 12-month price target of $6,662.29. The ratings distribution breaks down as follows: 60% Buy, 22% HODL, and 19%Sell. The app regularly queries its users for their opinions on the overall state of the market, Bitcoin, and the value associated with other top cryptocurrencies. This data is accounted for as part of a proprietary formula that is then used to generate the ratings and price targets. This information is published and updated hourly on the BuySellHODL website as well as the Ratings tab on our Android and iPhone apps. Unique Aspects of the BuySellHODL Crypto Ratings: - Real-Time Data – Price targets are updated by the minute. Ratings are updated daily.
- Quantitative Information – A proprietary formula that generates ratings and targets.
- Sentiment Analysis – Easy to see Bitcoin trends and critical shifts in community opinion.
- Universal Availability – Access crypto ratings on the website and our Android and iPhone apps.
BuySellHODL (@BuySellHODLApp) Founder Clifford Lerner stated, "There is a severe lack of compelling data and real-time analysis on cryptocurrencies. Our app addresses these shortcomings head-on, by providing the first of its kind crypto-currency content. By querying our community of users, we're able to create fresh, real-time, and unbiased cryptocurrency ratings and price target data, while eliminating the inherent shortcomings and biases of qualitative ratings data that give little insights into the trends."
Founder Clifford Lerner continues, "Furthermore, our unique methods of generating the coin ratings and price targets enables us to provide differentiated data and analysis regarding the sentiment trends for each coin and the overall cryptocurrency market. We will be publishing the historical data for the top cryptocurrencies and overall market, making the BuySellHODL data a must-have tool for all crypto followers. In terms of the data, enthusiasts remain optimistic despite the current bear-market. More than half of the users (53%) currently say to "Buy," cryptocurrencies, compared to 21% saying "HODL" and only 26% saying "Sell," and it will be interesting to see how this trends over time."
How Do the Crypto Ratings and Price Targets Work? BuySellHODL app users are asked to create a "Crypto Bio,", which includes several questions related to the overall cryptocurrency market and their predictions for specific coins. This data is then used as part of a proprietary formula to generate the ratings and price targets for each coin. Specifically, the Bitcoin price target formula incorporates several factors including: - The distribution of all cryptocurrency ratings.
Our price targets are updated in real-time and available on the BuySellHODLapp.com website and our Android and iPhone apps, with weekly analysis posted to our Crypto News. In order to keep the data fresh, the formulas only incorporate recently updated data. Robust Feature Roadmap There are several exciting features in development to enhance our ratings feature including: Additional Coin Rating Launches: Over the upcoming weeks, BuySellHODL will launch additional ratings and price targets for the top cryptocurrencies by market cap including: Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), EOS, Bitcoin Cash (BCH), Zcash (ZEC), TRON (TRX), Binance Coin (BNB), Stellar (XLM), and Ethereum Classic (ETC). Expert Cryptocurrency Analysis: BuySellHODL will be launching an "Experts" section with ratings and price target data exclusively from crypto thought-leaders. Experts can inquire here. Geographic Ratings Analysis: BuySellHODL will offer the ability to view and compare the ratings and price target predictions for several of the top crypto locations including: USA, Japan, Brazil, United Kingdom, Switzerland, Australia, Canada, China, Argentina, Estonia, and Hong Kong, Taiwan, Singapore, South Korea, and Indonesia. Visit the BuySellHODL Official Site – https://buysellhodlapp.com Chat on Telegram – https://t.me/buysellhodl
Follow on Twitter – https://twitter.com/buysellhodlapp
Like on Facebook – https://www.facebook.com/groups/buysellhodl Media Contact Details
Contact Name: Clifford Lerner
Contact Email: contact@BuySellHodlApp.com About: BuySellHODL (@BuySellHODLapp) is the ultimate cryptocurrency app for beginners and crypto-enthusiasts offering live crypto ratings, Bitcoin Price Target projections, crypto news, and a fun live bitcoin game with real money prizes. BuySellHODL was founded by entrepreneur and crypto-enthusiast Clifford Lerner, author of the best-selling business book for startups, Explosive Growth – A Few Things I Learned Growing To 100 Million Users. Learn more about BuySellHODL here. DISCLAIMER: BuySellHODL does not provide financial advice. The material here, on their website, and mobile apps have been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, financial advice. BuySellHODL is not accountable, directly or indirectly, for any damage or loss incurred, alleged or otherwise, in connection to the use or reliance of any content you read on our properties. Please read our full disclaimer. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here. Image Courtesy: The post PR: BuySellHODL Launches First Of Its Kind Cryptocurrency Ratings & Price Targets appeared first on BitcoinNews.com.
Read in browser »
By Bitcoin News PR on Feb 18, 2019 11:38 am
Bitcoin Press Release: Initium Group – a future corporate banking group that will focus on providing traditional banking services in five jurisdictions to companies operating in the new digital economy – announced its official launch at a press conference in the Swiss financial capital this Tuesday, 12th February 2019. February 13th, 2019, Zurich, Switzerland – Aimed at players in such sectors as blockchain, crypto, FinTech and gaming whose banking needs are frequently underserved by established financial institutions, Initium Group will seek banking licenses to operate in Switzerland, Liechtenstein, the United Kingdom, Israel and Singapore to kick-off operations in the first quarter of 2020. The bank will use a combination of private equity, institutional funding and a Security Token Offering (STO) to set up its infrastructure and meet local capital requirements. "A large number of new digital economy business have a difficult time finding a banking partner that understands their true needs and is even willing to serve them," said Initium Group CEO & Founder Daniel Spier. "The conventional risk modelling frameworks that traditional financial institutions use – coupled with their rather reactive nature – are just not responding to the growth aspirations of these new players. Initium Group sees this gap as an outstanding opportunity to help these fledgling companies get their ideas off the ground and actively participate in strengthening the foundations of the new digital economy."
Primary Objectives Initium Group's main objective in the next few months is to raise the necessary funds to secure banking licenses in the five target jurisdictions and begin its operations as scheduled. To facilitate the launch of the bank and its planned token offering, the company is closely collaborating with Swisscom Blockchain AG, one of Switzerland's leading Blockchain technology and crypto infrastructure providers covering integration solutions and services for the digital asset class. Initium Group brings together the right mix of banking skills, industry expertise and new technology to particularly support the blockchain and crypto sector, mitigate the risk, and select clients on the strength of their business case, policies and procedures. Its service offering will include deposit taking, card issuing & acquiring, local payment clearing, as well as liquidity services. "We want to be a bank for the disenfranchised players of the new digital economy," adds Spier. "Whether you are a successful Asian blockchain start-up trying to expand into Europe with no banking partner or a large law firm unable to process multiple license applications because no bank is willing to hold the funds for your clients, Initium Group will step in to help you navigate the waters and set foot on land."
About Initium Group Initium Group is a future multi-jurisdictional corporate banking group committed to supporting the growth of its clients. They intend to become the bank of choice for the promising and solid businesses building the new digital economy and are open to investors to participate in our future. Find out more about Initium Group on their website: http://www.initium.group
Follow Initium on LinkedIn: https://www.linkedin.com/company/initium-bank-group/
Check out Initium on Twitter: @INITIUMtalks
Chat on Telegram: INITIUM Group
Stay up to date on Medium: https://medium.com/initiumgroup Media Contact Details
Contact Name: Felipe Stevenson,
Contact Phone: +41 79 875 5225
Contact Email: media@initium.group Initium Group is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here. Image Courtesy: The post PR: Corporate Banking Group Aimed at Blockchain and Crypto Players Announces Future Multi-Jurisdictional Launch and Upcoming Token Sale appeared first on BitcoinNews.com.
Read in browser »
By Manuel on Feb 18, 2019 05:58 am
A large scale hack affecting 30 companies and a breach of 841 million records inclusive of 450,000 records from cryptocurrency brokerage firm Coinmama were posted on a dark web registry, in a security report on its blog last Friday. The hacker had reportedly published the hacked users' data from the previous heist on the dark web's marketplace and had eight of the recently hacked websites put up for sale at 2.6 bitcoins, or about USD 9,350. The perpetrator may be interested in selling the other data for Bitcoins as with other leaked data. In the official statement released by the exchange, it said: "We believe the intrusion is limited to about 450,000 email addresses and hashed passwords of users who registered until 5 August 2017." As at press time on Friday, the exchange said there had been no evidence of the data being used by the perpetrator. Coinmama currently serves about 1.3 million users as a cryptocurrency brokerage firm that allows users to use their Credit or Master Card to purchase a range of 7 cryptocurrencies to include Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, Cardano, and Qtum. While reports from cybersecurity firms looking into the matter show basic speculations about the hack, the crypto exchange has said that it has taken measures to understand the scope of the hack and has reached out to users who were affected in the breach to update their account security, whilst protecting their funds and data. Security breaches continue to be a major concern in the crypto industry as bad actors plaguing the industry constitute bad labels. Despite crypto processes involving complex cryptographic algorithms and supposedly airtight security measures being put in place by service providers, users are still tasked with the responsibility of ensuring the security of their data and possibly offline security measures. Earlier this year, New Zealand cryptocurrency exchange had been hacked and had significant losses, though, a few days back it was given the green light to resume operation. Recently, a cryptocurrency exchange in Istanbul reportedly lost USD 2.4 million to hackers. Although about USD 256,000 had been recovered, still the blight of such occurrences still has its damning effects on the industry. One of the major concerns of the US Securities and Exchange Commission (SEC) with regards to cryptocurrency is custody infrastructure. This has been a core deterrent in approving Bitcoin exchange-traded fund (ETF) applications which if approved could steer the industry in the direction of institutional investors. Cryptocurrency is yet to gain its footing in the mainstream market and while this data heist was done across other non-related ventures, however, for a cryptocurrency-related venture to be caught in the web, further slights the emerging economics of cryptocurrency. Follow BitcoinNews.com on Twitter: @BitcoinNewsCom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here. Image Courtesy: bitcoinnews.com The post Breach Leaves 450,000 Users of Cryptocurrency Exchange Coinmama Vulnerable appeared first on BitcoinNews.com.
Read in browser »
By Manuel on Feb 18, 2019 02:11 am
Reuters reported earlier today on the initiative of a roastery in Ethiopia under the brand Moyee to use blockchain in supply chain management and improve coffee farmers’ incentive. Most coffee exporters process the beans elsewhere and among other things, price fluctuations make the business an uphill battle for farmers. Despite the business being a very lucrative one, most farmers in the area are left at the bottom of the earning chain. More so, “One reason why buyers from faraway places or different countries go through middlemen is because they rely on them to make sure farmers are following these good practices,” says Vijay Kandy whose company will build the blockchain platform. Co-founder of Moyee Coffee Killian Stokes said “It’s the world’s favorite drink. We drink over 2 billion cups a day,” and being a huge industry, it’s rather bizarre that farmers are treated the worst. “The industry’s worth USD 100 billion and yet 90 percent of coffee farmers in Ethiopia live on less than USD 2 a day,” Stokes added. In an attempt to bring economic relief to farmers, Moyee created unique digital identities for 350 farmers working with the company. The aim was to create transparency and allow buyers access to how much each farmer was being paid. Despite the prices being 20% higher than market prices, still farmers’ livelihood could still be improved, at least that’s what Moyee thinks since it wants to introduce blockchain to its business. According to the company’s blog, it had been working on a prototype with bext360 and the FairChain Foundation since November 2017, and said that blockchain will “bring about a revolution in transparency that certification programs cannot currently offer.” Blockchain continues to offer traceability, transparency, and trust which break barriers in economic distribution, and also promises to be the future technology of supply chain. Further, its underlying asset class – cryptocurrency – creates value as an incentive instrument for most business environments, and now, Moyee intends to apply that logic to the Coffee supply chain. Blockchain will open up a new economic model for the farmers, allowing buyers to tip farmers, fund projects using a mobile app. Also, every transaction across the supply chain will be logged to the blockchain, ensuring transparency. In a report by the United Nations’ Food and Agricultural Organization, it concluded that emerging technologies like the blockchain in the agricultural sector shows promise of inclusive market participation for smallholders and Micro, Small and Medium Scale Enterprises (MSMEs). Blockchain innovations in the agricultural sector transcend technological benefits in managing supply chains alone, however, it has an overwhelming socio-economic impact. “It’s an innovation that is poised to empower local farmers in the Caribbean region,” said Pamela Thomas, executive director of the Agriculture Alliance of the Caribbean (AACARI) referring to the blockchain initiative to be adopted by fruit farmers in the Caribbean. Apart from economic empowerment, blockchain has phased its way into improving food safety, export security and animal welfare as to be demonstrated by BeefLedger in its partnership with Australia’s National Transport Insurance (NTI) to trial blockchain monitoring of beef handling from Australia to Shanghai. Follow BitcoinNews.com on Twitter: @BitcoinNewsCom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here. Image Courtesy: bitcoinnews.com The post Blockchain To Bring Transparency and Wealth to Coffee Farmers in Ethiopia appeared first on BitcoinNews.com.
Read in browser »
By Peter on Feb 18, 2019 01:00 am
This week cannot be called productive for ETH. The price remained at the critical point which we outlined with the blue oval in our previous analysis a week ago. Buyers are trying to break through the top trend line of the falling channel in which the price moves from May 2018. If we analyze the volumes during the attempt to break the upper trend line, we see that at the end of December buyers were unable to change the trend at fairly large volumes, after which the price began to smoothly fall. Now the attempt of buyers to break the bearish trend takes place at much lesser volumes and if there is no miracle and buyers will not increase the volumes, the initiative and the desire to continue growth – it is more likely that sellers will be able to seize the initiative: If we are talking about the mood of buyers, then they are confident in the continuation of growth. This is due to their marginal positions which are growing: However, we would be very cautious, considering that now the marginal positions of buyers are at a historical high and we still do not see volumes for certain growth. Marginal positions of sellers are in consolidation. Sellers are not ready at the moment to take a clear and active position because they understand that the price is now at its lows and the market is very thin: If we analyze the weekly timeframe, then we see that this week the candle will close almost at the same place where it was opened. Buyers have started taking initiative from 8 February, but now the forces between sellers and buyers are equal. If it turns out that next week sellers will start their attack, then for buyers it is important to keep a price of USD 110-118. If buyers succeed, with high probability they will break through the upper trend line of the channel and continue to grow. However, at the moment we do not like the weekly candle and its volume. At critical points, the volume should increase and the candles should look convincing. The current situation is more like a simple consolidation after which will be a fall to USD 110-118 (if in the market does not garner volumes). According to the wave analysis, the fall which began on 6 January ended on 6 February, and the current growth corrected this fall by 50%: If buyers cannot continue to grow, the first stop of the fall of this coin will be in the range of USD 110-118: After such a fall, further growth is possible. However, if buyers are fixed above USD 135, then the next target is USD 152 with a possible extension to USD 210. Now it’s important to see whether buyers can keep the price. Therefore, for decision making, we expect either a test of USD 110-118 or a break-in and fixing of USD 135. On a weekly timetable of horizontal volumes it is clearly visible how important the price zone of USD 110-130 is for this coin: Therefore, in order not to get an unpleasant surprise, we will wait for the reaction of market participants to the critical points, which we wrote above, and then formulate our analysis more precisely. Follow BitcoinNews.com on Twitter: @BitcoinNewsCom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here. About the Author: Peter Oleshchuk is a trader and technical analyst. He has spent two years studying and analyzing the crypto market. Image Courtesy: TradingView (charts) The post Ethereum Market Analysis: 17th February 2019 appeared first on BitcoinNews.com.
Read in browser »
By Peter on Feb 18, 2019 12:06 am
For a whole week, the price behaved calmly as expected. In the previous analysis, we wrote that recently after a directed movement up or down, the market fades in place. This time nothing new happened. Due to the lack of volumes, buyers stopped the growth which began on 6 February and the price for the week traded in a narrow range of USD 3630-3740. Analyzing horizontal volumes, it is seen that the main liquid zone was formed in the range of USD 3660-3700. There were several attempts to break through this price zone, both up and down. All these attempts ended in flawed breakdowns and a local turnaround of prices: The current consolidation moves in the falling channel and now the price is at the top of the channel’s trend line. There is also a global falling channel which operates from 4 December 2018: In fact, buyers have tested the top trend line of the global falling channel. The price has stopped at a critical point and buyers are now deciding the relationship with sellers in a narrow low-volume consolidation. What are the options for price exit from consolidation? The first option is to break through the upper trend line on large volumes and test USD 3850. In our opinion, the current price stop in the liquid zone of USD 3660-3700 is the first test of buyers’ durability. Important decisions will be made in the price zone of USD 3850-3920 and there are several reasons for this: - Pay attention to how candles look like in this price zone. When the price was falling on 24 November, sellers tried to sell this price zone on large volumes, buyers could fight off an attack and organize a rebound to USD 4480. In the end, this price zone was broken but it did happen either on large volumes which are not currently in the market or in the long tortures in the form of consolidations:
- This is confirmed by horizontal volumes, which show a good liquidity zone, after which practically there are no obstacles up to USD 6200 (the exception is a small liquidity at a price of USD 4200):
- According to the wave analysis, a new wave of growth that began on 8 February may end at a price of USD 3860 if buyers continue to trade in small volumes:
We reviewed the first option of the development of events after breaking the consolidation. Regarding the second option – everything is simple. If buyers can not break the current consolidation up then the price will continue to be traded in the triangle and the next target is USD 3480-3500: If we are talking about the mood of buyers, they have started to believe in growth. Their marginal positions are beginning to grow: However, the danger is that the faith of buyers in growth is not supported by volumes. Now the positions of buyers are at a historic high and this situation was before the breakthrough USD 6,000 down. Sellers are currently more passive in making decisions: If we look at the weekly timeframe, then it is clear that after trying to update the low, sellers showed weakness and allowed buyers to take the initiative. Therefore, we are more focused on the growth continuation: In any case, we can only wait and hope that the next week will be more dynamic. Follow BitcoinNews.com on Twitter: @BitcoinNewsCom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here. About the Author: Peter Oleshchuk is a trader and technical analyst. He is studying and analyzing the crypto market for about 2 years. Image Courtesy: TradingView (charts) The post Bitcoin Market Analysis: 17th February 2019 appeared first on BitcoinNews.com.
Read in browser »
Recent Articles: | 
Recap - Day in Crypto - BitcoinNews.com for 02/18/2019