Ethereum (ETH/USD) Price Analysis (February 10)

• The Cryptocurrency is in an uptrend.
• The bulls remain in control of the market.

ETH/USD Medium-term Trend: Bullish

• Distribution Zones : $230.00, $240.00, $250.00
• Accumulation Zones: $115.00, $110.00, $100.00

ETH/USD is in an uptrend in its medium-term outlook. The bulls increased momentum pushed price up to $230.00 in the distribution area, as the market opens yesterday.

The momentum was lost as the bears set in at $228.33 and drops the price of the coin as the market opens today. The cryptocurrency initial price is $219.10 in the accumulation area.

Price is above the two EMAs and the stochastic oscillator signal pointing down at level 90% in the overbought region suggests downward momentum in the cryptocurrency price in the medium-term.

ETH/USD Short-term Trend: Bullish

The coin is in an uptrend in its short-term outlook. The bulls made a progressive movement to the north breaking the EMA 9. $228.56 in the distribution area was the high attained by the cryptocurrency during yesterday’s session.

Today’s 4-hour bearish opening candle at $228.33 sustained the downward momentum with ETH/USD down to $218.23.

Price is below the EMA 9 and the stochastic oscillator signal pointing down at 35% suggests downward momentum in the price of the crypto in the short-term. Hence a price reversal may likely occur in the future.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

Litecoin Price Analysis (February 9)

• The Medium-term outlook and the Short-term outlook are in an uptrend.
• The bulls remains in control of the market.

LTC/USD Medium-term Trend: Bullish

• Resistance Levels : $80.00, $90.00, $100.00
• Support Levels:      $35.00, $25.00, $15.00

LTC/USD MEDIUM-TERM

LTC/USD MEDIUM-TERM

The cryptocurrency is in a bullish trend in its medium-term outlook. After breaking the $77.58 of the resistance line the bulls pushes the price further up at $78.45 in the resistance area during the session today.

Price is up to $78.45 in the resistance area as the journey up north continues.

With the price of LTC/USD above the two EMA’s and the stochastic oscillator indicator at the overbought region suggests an upward momentum in price of the coin in the medium-term.

LTC/USD Short-term Trend: Bullish

The cryptocurrency is in a bullish trend in its short-term outlook. The bulls made a progressive movement to the north with a touch at the EMA 9, $77.92 in the resistance area was the high attained by the cryptocurrency during yesterday’s session.

Today’s 4-hour bullish opening candle at $77.60 sustains the upward momentum with LTC/USD up to $78.45 in the resistance area.

Price is above the two EMA’s and the stochastic oscillator indicator in the overbought region indicates an upward trend in the price of the cryptocurrency in the short-term.

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Author: Ben Jordan

BCH Hash Rate Taken Over by Unknown Miner with 50% Control for Full 24 Hours

  • It is unclear if the 50% control was the result of the work of one or multiple miners.
  • Some proponents believe that this ability points to an issue with security and liability with Bitcoin Cash.

In the cryptocurrency industry, every platform thrives on a lack of majority control. Decentralization relies on this idea, as it allows the industry to remain free and unregulated. However, a recent article by Cointelegraph points out an issue with the Bitcoin Cash hash rate, which was in control of 50% of the hash rate for a total of 24 hours.

From 10:00am on October 24th to 10:00am on October 25th, the miner appeared to mine 73 blocks. Notgrubles, a crypto Twitter user, stated that this action is proof that “BCH is a security risk and liability,” and that the coin should be delisted.

With this level of control, the miner, or miners, cannot be far from having control of the entire network. One of the crypto proponents on Reddit suggested that this type of control would lead the miner to do “nefarious things.” Another Redditor – Bitmeister – stated that it is more likely that Bitcoin miners are trying to experiment with their BTC hash power by directing their attention to BCH.

Bitcoin’s network hash rate recently had a major dip of 40% at the end of September, which is still unexplained at this point. Considering the massive highs that Bitcoin experienced in their hash rates over the summer, this drop was even more surprising. Cointelegraph even reported that the hash rate passed 102 quintillion hashes, which was a major milestone for the digital asset.

With a higher hash rate comes greater competition to mine new blocks. At the same time, it increases the resources that would be required for a 51% attack, which secures the network.

Along with the sudden rise in Bitcoin’s price, Bitcoin Cash is also seeing some success, though the value of the token has declined since then. At the time of writing, the token was down by 2.45% with a value of $250.12 per BCH.

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Author: Krystle M

Banks are Feeling Threatened of Bitcoin and for Good Reason, Tim Draper

  • A new opportunity for a new currency
  • Governments have to adapt to not control through currency

Venture capital investor and Bitcoin bull Tim Draper currently in an interview shared how currencies today are based on faith in the government. But Bitcoin is a currency that isn’t backed by the government rather frees us from that control.

These fiat currencies, he said started as a promise of gold but not a promise that the government will back you up.

But

“all of a sudden, we have a currency that is not tied to a government and not tied to a geographic territory,”

said Draper.

“That frees us because governments have always used that currency to control us,”

he added.

Governments control people by keeping control of their currency, but with Bitcoin, we can operate across borders much more easily and further move money all over the globe. The digital asset also reduces friction significantly.

A New Opportunity for a New Currency

Draper further pointed out the reason behind the banks being so big and rich, two and a half percent of every transaction that we do is picked by credit card companies and banks get the bulk of that.

But now that people use Bitcoin, this would go away and

“banks are feeling threatened and for good reason.”

Moreover, if you use bitcoin instead of dollars, the bank does not control your BTC. As such, there is a new opportunity for a new currency that is not just frictionless and transparent but also open, cross border, and a

“great store of value.”

According to Draper, Bitcoin is going to be faster and cheaper than the Visa network. However, currently, it is much lower than the credit card processing companies like Visa, and Mastercard at around 800,000 transactions per day.

But the network has also seen a huge amount of money being moved with just a small fraction of fee paid in the traditional payment system.

And Govt. has to Adapt to Not Control through Currency

“It’s a sea change,” said Draper adding, there is a new technology that is better, faster, and cheaper than anything else out there. “

“We are gonna move that way,”

said Draper which means, governments have to figure out how they are going to adapt to not controlling everybody through the currency.

Recently, Draper, who has been standing firm on his $250,000 price prediction for Bitcoin, said it is a conservative number for the leading cryptocurrency. He said $250k would mean BTC would have 5% of the market share of the currency world and that may be

“understating the power of bitcoin.”

Moreover, as it becomes easier for people to use the flagship cryptocurrency, they would make the decision that they like it better than fiat because

“they know that their fiat will depreciate in value,”

he said.

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Author: AnTy

ECB Board Member is “Extremely” Concerned about Facebook’s Libra’s High Centralization, Shills Fiat Money

  • Ignore “treacherous promises” of the Facebook
  • Libra could reduce ECB’s control over the Euro
  • Highly centralized which is extremely concerning

Facebook’s proposed cryptocurrency called Libra — scheduled for release in the first half of 2020 — according to European Central Bank’s board member Yves Mersch undermines ECB’s ability to set monetary policy.

Mersch said Europe should ignore “treacherous promises” of the same people that had to explain themselves in front of the legislators on the threat of democracy resulting from their handling of personal data.

“Depending on Libra’s level of acceptance and on the referencing of the euro in its reserve basket, it could reduce the ECB’s control over the euro, impair the monetary policy transmission mechanism by affecting the liquidity position of euro area banks, and undermine the single currency’s international role,” Mersch said on Monday.

Don’t be tempted to ignore Euro in favor of Facebook’s siren call

Facebook announced its plans for a new digital coin earlier this year that will be backed by four fiat currencies.

Just like regular currencies, Libra would be highly centralized which is an “extremely concerning” set up, he said because unlike fiat money Calibra — fully owned subsidiary of Facebook that will manage Libra-based payment services — is only accountable to shareholders.

Talking about legal and regulatory challenges with Libra, Mersch said whether it classifies as e-money, as a financial instrument or as a virtual currency is one of the challenges.

As such, European regulatory and supervisory authorities need to establish jurisdiction over Libra and requires cross-border cooperation and coordination to mitigate its risks.

“I sincerely hope that the people of Europe will not be tempted to leave behind the safety and soundness of established payment solutions and channels in favor of the beguiling but treacherous promises of Facebook’s siren call,” Mersch added.

Most credible form of money is backed by strong institutional backing

He might have pointed out the differences between Libra and cryptocurrencies and issues with its so-called stablecoin, but this only lead to him shilling the fiat currencies.

“The notion of stateless money is an aberration with no solid foundation in human experience,” he said.

Money according to him can only inspire trust and fulfill its key socioeconomic functions if it is backed by an independent but accountable public institution.

“Of the various forms that money has taken throughout history, those that have best fulfilled their purpose and proven the most credible have invariably benefited from strong institutional backing.”

He said only a central bank can issue reliable forms of money, so

“private currencies have little or no prospect of establishing themselves as viable alternatives.”

The fact that crypto can only fulfill some of the functions of money, it will serve as “useful reminder of central banks’ pivotal role as responsible stewards of public trust in money,” he said.

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Author: AnTy

US Treasury Blacklists BTC and LTC Wallet Addresses Said To Be Owned by 3 Chinese Drug Kingpins

The government of the United States, via the Treasury Department’s Office of Foreign Assets Control (OFAC), has decided to blacklist three crypto addresses this week. According to the institution, the owners of these crypto addresses were guilty of money laundering and drug smuggling.

According to the OFAC, Fujing Zheng, Xiaobing Yan and Guanghua Zheng were all determined as “drug kingpins”. All their U. S.-related assets were frozen, as well as their email accounts.

As you cannot simply seize the assets of a crypto wallet, the addresses of several Bitcoin wallets and one Litecoin wallet related to the Chinese criminals were blacklisted. This means that no organization that does not want to break the U. S. law can transact with them.

The OFAC affirmed that these people used Bitcoin in order to launder the money from their crimes and put it into banks that were based in either China or Hong Kong.

Sigal Mandelker, from the financial intelligence unit of the government, affirmed that these three people were involved in a significant international operation of drug trafficking. He also affirmed that they were directly responsible for the opioid crisis that is affecting the United States by shipping hundreds of packages full of drugs to the country.

This is only the second time that the entity decided to blacklist a wallet. Doing this is still considered somewhat rare, mostly because the government is not so used to deal with crypto yet. The first time that something like this happened was in November 2018 when two Iranian men were accused of being related to a ransomware scam.

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Author: Hank Klinger

Tether Stablecoin Wallet Analysis Shows 318 Wallets Control 80% Of All USDT In Existence

Tether-Stablecoin-Wallet-Analysis-Shows-318-Wallets-Control-80-Of-All-USDT-In-Existence

Centralization is a well-known problem of crypto markets. People often referred to as whales control a fifth of some markets and have the strength to promote manipulation whenever they want to.

Tether, however, seems to be facing an even worse situation: only 318 crypto addresses actually control 80% of the circulating supply of Tether (USDT). The discovery was made by Coin Metrics.

According to John Griffin, a University of Texas professor who was interviewed by Bloomberg, these players are actually Bitcoin manipulators. According to him, they own a huge amount of Tether in order to swing the prices the way they want to, using it to buy Bitcoin whenever they want to spike prices. They could also obviously manipulate Tether’s markets easily.

Studies reveal that 40 to 80% of all the transactions that were made on Binance and Huobi recently were made with Tether. The token is also often used in several smaller exchanges as well. This shows just how influential these few whales are. They may actually be some of the most important traders in the crypto market, hidden in plain sight behind their wallets.

The founder of Coin Metric, Nic Carter, confirmed that several of these large Tether holders cater to the Chinese market and to high-frequency traders, too

When we consider that a person can have more than one wallet, the market looks even more concentrated than before. Instead of having 300 whales, there are probably less than half of that, maybe even less than a hundred.

What does this mean for the crypto market? It means that manipulation may be even more prominent than many small-time investors believed, which is not very good news.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Bitcoin Exchange Guide News Team

RAVENCOIN Price Prediction Today: Daily (RVN) Value Forecast – July 26

Ravencoin Grows 20% And Continues to See RVN Token Surge in the Crypto Market
  • The bears are in control of the short and medium-term outlook.
  • Responsible selling recommended.

Supply zone: $0.07000, $0.08000, $0.09000
Demand zone: $0.01600, $0.01500, $0.014000

RVNUSD is in a bearish trend in the medium-term outlook. The bears stage a return as yesterday market opened at $0.05081 in the supply area and the 4-hour candle closed a bearish spinning top. $0.04545 in the demand area was the low as the session ended on a bearish note with an inverted hammer at the 50.0 fib a trend reversal zone.

Today 4-hour candle at $0.04735 sustained the bears’ pressure with a further drop in the cryptocurrency price to $0.04504 in the demand area.

Price is below the two EMAs and within the 38.2 fib a trend continuation zone, its suggest a continuation in the downward price movement in the medium-term. Furthermore, the signal of the stochastic oscillator points down at 33% a downward momentum in price been confirmed.

$0.04200 in the demand area is on the card as the bears’ journeys down south in the medium-term.

RVN/USD Short-term Trend: Bearish

The correction to the bearish impulsive movement that from $0.04881 in the supply area during yesterday session dropped the coin to $0.04514 after today’s opening session is currently ongoing.

The coin is in a consolidation phase, this is a confirmation of bearish continuation in the short-term.

Price is below the two EMAs an indication of bears pressure with the target initially at $0.04400 after the breakdown from the lower line of the range is anticipated in the short-term.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Azeez Mustapha

SKYCOIN Price Prediction Today: Daily (SKY) Value Forecast – July 19

Binance Lists Skycoin (SKY) to Cryptocurrency Exchange, Price Spikes
  • The bulls are in control short and medium-term outlook.
  • Traders may look to buy at pullback areas.

Supply zones: $2.00, $2.20, $2.40
Demand zones: $1.00, $0.80, $0.60

SKYUSD is in a bullish trend in the medium-term outlook. With a large bullish candle at $1.07 on 17th July, the bullish momentum has just begun with $1.23 and $1.35 on 17th and 18th July respectively.

Today’s opening price at $1.32 closed a bearish spinning top an indication of bears returned. The cryptocurrency dropped to $1.22 in the demand area. The bulls are back as indicated by the reversal signal at the closed of the 4-hour candle. This area is the 38.2 fib area a trend continuation zone suggesting the resumption of bullish continuation.

Price is within the two EMA with the stochastic oscillator signal parallel at 78% suggesting a brief consolidation before the upward price movement. $1.35 in the supply area is up for a retest and subsequent breakout most probable.

SKY/USD Short-term Trend-Bullish

The cryptocurrency is in an uptrend in the short-term outlook. The lower and upper line of the channel has been good support for the bulls and resistance for the bears. The bears stage a return at the resistance as the market opens today at $1.34.

SKYUSD fell to $1.22 at the lower line of the channel which was strong support for the bulls with the break of the resistance at the two EMAs rise in the cryptocurrency to $1.30.

The stochastic oscillator signal is pointing up at 60% suggesting upward momentum with $1.36 in the upper line a target.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Azeez Mustapha

TRON Price Prediction: Long-term (TRX) Value Forecast – July 13

TRON-Weekly-Update-Shows-The-Rise-In-Their-dApp-Performance-Active-Users-Over-700K-Now

• The bears are in control of the long-term outlook.
• Traders may consider selling after pullbacks with bearish candle reversal pattern as confirmation

TRX/USD Long-term Trend: Bearish

Supply zone: $0.0500, $0.06000, $0.000
Demand zone: $0.01000, $0.00800, $0.00600

Tron long-term outlook is a down-trending market. The bears were back in control within the range after the bullish exhaustion at $0.03579 on 8th July. The break of the resistance of the two EMA confirmed the bears’ takeover as price fell further to $0.03106 within the range on 10th July.

The large bearish candle at $0.03190 broke the lower demand area as price fell to $0.02690 in the demand area on 11th July which is the low of the week.

Price is below the two EMAs crossover with the signal of the stochastic oscillator pointing down at 15% in the oversold region which suggest downward movement in price the days ahead.

$0.02400 in the demand area is a key demand area and may be retested as the bears continue the journey down south

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \ Investment Disclaimer

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Author: Azeez Mustapha