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Bitcoin Price Analysis: Strong Rally Tests Overhanging Resistance

Earlier this week, bitcoin enjoyed a strong and quick rally, spanning all the way from the low $3,100s to the upper $3,900s — in other words, a move that previously took the market weeks to make, this time took place in just a few short days. And now, at the time of this article, it’s currently seeing a rejection shortly after running through several layers of overhanging resistance. Figure 1: BTC-USD, 4-Hour Candles, Fibonacci RetracementsAlthough the market rallied 25% in just a few days, if we zoom out to higher time frames, we don’t exactly see strong signs of bullish presence in the market:Figure 2: BTC-USD, Daily Candles, Gravestone DojiRight now, seated atop the current rally lies a “Gravestone Doji.” A Gravestone Doji is a reversal setup that represents a lot of intraday volatility that yields very little progress on the daily candles. You can see the very narrow body representing little progress between the open and close of the trading session, and a long wick that represents the intraday volatility. It should be noted that this is just a setup — it isn’t even a valid setup until the market closes the daily candle. Which, again, is still open. Looking back at the intraday chart, we can see we managed to break upward from a bullish reversal pattern called a “Falling Wedge”:Figure 3: BTC-USD, 4-Hour Candle, Falling WedgeUnfortunately, however, we hit the typical price target for the Falling Wedg...

2018 in 4 Words – ICOs and Ethereum Are Dead

Unless you’re Spencer Bogart, most people would agree that 2018 has been a dismal year for crypto–even if they don’t say it on their Twitter feeds. If you want to sum up the year in four words, you could try using these: ICOs and Ethereum are dead. Forums, Telegram groups, Slack chats, there’s no shortage ofThe post 2018 in 4 Words – ICOs and Ethereum Are Dead appeared first on CCN

It Happened: Next Block Conference in Tel Aviv!

CoinSpeakerIt Happened: Next Block Conference in Tel Aviv!On December 12th, 2018, in Tel Aviv Stock Exchange, a premier blockchain event NEXT BLOCK Conference 'From Chaos to Clarity: 2019 Trends' was held by Krypton Events, supported by Krypton Capital and Israeli Ukrainian Alliance.It Happened: Next Block Conference in Tel Aviv!

Crypto Exchange Coincheck to Receive Full Licensing from Japanese Authorities

Coincheck, the crypto exchange that lost over $500 million in investors funds in early-2018, is now close to receiving full licensing from Japan’s Financial Services Agency (FSA), signaling that the exchange tightened their platform’s security and cleaned up the management practices that led to the hack. The news regarding the regulatory authority’s decision to issue...The post Crypto Exchange Coincheck to Receive Full Licensing from Japanese Authorities appeared first on NewsBTC.

Insert Public Headline to Readers: the Best Kept Secret in the Blockchain…

CoinSpeakerInsert Public Headline to Readers: the Best Kept Secret in the Blockchain…Based in the beautiful city of Oxford, UK tech startup, Kenda Technologies strives to remove all barriers to entry and allow everyday people to seamlessly enter the world of the blockchain.Insert Public Headline to Readers: the Best Kept Secret in the Blockchain…