Bitcoin breached a bearish trend line
Posted by admin on 28. August 2018
Bitcoin breached a bearish trend line to signal an upward trend reversal
Since then, the price has consolidated within a rising formation and could soon break out
As already pointed out yesterday, the $7,800 mark is crucial
Technical indicators Signals
The 100 SMA crossed the longer-term 200 SMA to confirm that the path of least resistance is up. This means that an upward trend could begin. The important thing is that the bitcoin price breaks through the formation and resistance at $7,800.
A rapid increase has not yet taken place, but higher highs and higher lows have been formed within the formation, so that another indicator signals an upward trend. A break under the formation could lead to a drop to 200 SMA, as this can act as a support zone. As can be seen in the chart, the wedge formation is crucial. if the Bitcoin Trader breaks through the formation downwards, the price could drop to the support level of $7,500.
However, the oscillators indicate that the sellers are back in the game. The RSI drops to 40 to indicate a return of sales pressure. Stochastics also indicate that bears have the upper hand. Bitcoin is currently consolidating at around $7,600.
Bitcoin Code and the political situation
One of the possible Bitcoin Code review able to rise last week was the tense political situation in Italy and a possible italexit. In an interview with the CNBC, fundstrat analyst Robert Sluymer pointed to an upward trend as soon as the $7,800 mark is breached, as this is the level of the 15-day SMA.
Ethereum Prize Highlights
The Ether price continued to rise, testing the resistance range of $635
An important bullish trend line is forming on the hourly chart with support at $612
Ether bounced twice at resistance at $635 and could drop further in the short term
The Ethereum price is traded with a positive trend.
Technical indicators Signals
There was a strong rally from $580 support level. The price moved above the $600 and $610 resistance levels and continued to rise. Ether even surpassed the $630 mark. However, it turned out that the $635 mark is a strong resistance zone and many sellers showed up. A high was formed at $637 before the price began a downward correction.
There is also an important bullish trend line forming at $612 on the hourly chart of. The $612 mark is therefore also the highest support level and must withstand further losses in order not to reverse the trend.
Ethereum Chart from TradingView
Ethereum price analysis
Looking at the graph, it appears that the price near the resistance of $635 was rejected twice. Therefore, the price will most likely drop to the support level of $612, a break below $612 could push the price towards $600. The MACD is slowly moving in the declining zone. The RSI is moving towards 50 and signals a relatively balanced market. The highest support level is $612, while the resistance is $635.
Ethereum blockchainund the ERC20
Posted by admin on 26. August 2018
Recommended wallet for ERC20 token Recommended wallet for ERC20 tokenBy Andre Eberle – March 1, 20180Best wallet for ERC20 tokens
An ERC20 token is a token that uses the Ethereum blockchain. This means that an ERC20 token can be received and sent with an Ethereum Wallet.
Table of Contents Sending and Receiving ERC20 TokensThe best Ethereum and ERC20 WalletsHardware wallet for ERC20 tokens and ethersTrezor – Hardware Wallet for ERC20 Token and EtherLedger Nano S – Hardware Wallet for ERC20 & EtherLedger Blue – luxury class for Ether and ERC20 tokenWallet for Ether & ERC20 tokenWallet recommendation for ERC20 tokensSending and Receiving ERC20 TokensTo send and receive ERC20 tokens you need an Ethereum Wallet. To send an ERC20 token you have to pay transaction fees in Ether. This means for you, if you want to send the token, you have to store some ether on the same address where your token is stored.
The best Ethereum and ERC20 WalletsThere are different wallets for Ether and therefore also for ERC20 tokens. Here is a list of the best Ether Wallets and the advantages and disadvantages of the individual Wallets.
Hardware wallet for Bitcoin Code
Hardware wallet for ERC20 tokens and ethersA Hardware Wallet is a device you have to buy. These devices are considered very secure and even malware on your computer can’t harm your ERC20 token and ether. The Hardware Wallet offers Bitcoin Code Review 2018 » Full Scam Check – scamcontrol.net the highest possible security when the tokens and ethers are actively used. Especially for beginners such a device is worthwhile, because one does not have to work through complex instructions and also can do almost nothing wrong.
At the latest when a larger amount is invested, you should consider adding a hardware wallet. The Hardware Wallet creates a seed consisting of 12 to 24 words during the first setup. This seed then automatically generates the destination addresses invested in the Bitcoin Code scam for your currencies. Even if your hardware wallet is lost, you can restore your digital balance with the seed.
Another positive side aspect of the Hardware Wallet is that you can store not only Ether and ERC20 tokens on it, but several digital currencies.
Trezor – Hardware Wallet for ERC20 Token and EtherTrezor Hardware WalletThe Trezor Hardware Wallet* supports multiple currencies such as Bitcoin, Bitcoin Cash, Ether & ERC20 Tokens, Litecoin, Dash, Zcash and more.
The Hardware Wallet currently costs almost 90 € exclusive shipping (current price at the provider) and offers an appealing interface and many helpful functions.
Trezor* uses the service of Myetherwallet, i.e. Myetherwallet serves as interface and bridge for the digital currency Ether and the ERC20 token.
Ledger Nano S – Hardware Wallet for ERC20 & EtherLedger Nano S | Manual and Review
Like the Trezor, the ledger Nano S* supports several digital currencies, such as Bitcoin, Bitcoin Cash, Ether & ERC20 Tokens, Ripple, Stratis, Neo, Dogecoin and others. The Nano S offers more crypto currencies than the Trezor.
This Hardware Wallet currently costs approx. 94 € including shipping* (current price at the provider) and offers less functions than the Trezor. The interface is simple and contains the most important functions.
The Nano S can use Myetherwallet’s service via browser support, but you can also use the integrated Ether Wallet for Ether and ERC20 token.
Currency exchanges with virtual bank accounts
Posted by admin on 19. August 2018
Korea’s major banks support crypto currency exchangesKorea’s major banks support crypto currency exchangesBy Patrik Eberle – January 23, 20180Major Banks Korea Crypto Currencies
Six of Korea’s major banks, including Shinhan Bank – South Korea’s second largest bank – will officially support local crypto currency exchanges with virtual bank accounts.
Table of Contents Virtual accounts reopened / facilitation of tradersKnow your Customer and Anti-Money LaunderingBithumb and basketBan on crypto currencies unrealisticVirtual accounts reopened / facilitation of tradersAt South Korean crypto currency exchanges, each trader or investor is provided with a virtual bank account, which is used to deposit large sums of FIAT money or the Korean won. Virtual bank accounts allow traders and investors to trade Fiat crypto currencies efficiently without having to use actual bank accounts, which are quite costly and time consuming.
Know your Customer and Anti-Money LaunderingAt the beginning of this month, South Korean stock exchanges were asked by local financial authorities to overhaul their current KYC (=”Know your Customer”) and AML (“Anti-Money Laundering”) systems. KYC – Know your customer is a mandatory legitimation check of new customers, especially for credit institutions, to prevent money laundering. Two conditions demanded by the government are the ban on trading foreigners and the elimination of anonymous trading accounts.
The changed anti-money laundering system resulted in banks being asked to close virtual bank accounts for crypto currency exchanges. Kookmin Bank – the largest bank in South Korea – refused the service for crypto currency exchanges. The bank justified this conclusion because of fears that the government could prohibit crypto-currency trading. This was denied by the government shortly afterwards.
Bithumb and basketOnly recently, Bithumb and Korbit, two of the largest crypto currency exchanges, have introduced massive changes due to the AML (Anti-Money Launderig) guidelines. At the end of January, the Korbit crypto currency exchange announced that foreigners will no longer have the opportunity to trade on South Korean stock exchanges.
Korbit also announced that traders with Shinhan bank accounts will not be able to trade again until February. While the AML conversion can be unfavorable for existing users, it is quite positive for the market, as the government will no longer be able to threaten crypto currencies, since all requirements of the Anti Money Laundering System are fulfilled.
Ban on crypto currencies unrealisticInstead of banning the crypto currency market, the South Korean government has decided to adopt the regulatory approach. As the spokesman of the FSC (Financial Service Commission) pointed out, a ban on crypto currencies is unrealistic. Due to electronic commerce law, the government does not even have the authority to close crypto currency exchanges.