Bitcoin Stops Above USD 3.900, Altcoins Extend Rally
Yesterday, we saw the start of a solid upward move above the #USD 3,650 resistance in bitcoin price. BTC/USD gained momentum and extended its bullish move above the USD 3,750 and USD 3,900 resistance levels. The price traded close to the USD 3,980 - USD 4,000 zone and later corrected gains. Similarly, there were heavy gains in ethereum, bitcoin cash, EOS, ripple and other altcoins. #ETHgained pace above the USD 140 resistance and tested the USD 150 resistance recently. The overall price action (UTC 08:20 AM) is #bullish and suggests more possible gains in bitcoin and #altcoins in the coming sessions.
There was a strong upward move in #bitcoin price above the USD 3,800 resistance. BTC/USD almost tested the USD 4,000 resistance and formed a high near USD 3,980. Later, there was a downside correction and the price tested the USD 3,900 support.
On the downside, there are many supports near the USD 3,900 and USD 3,860 levels. To the topside, the main resistance is near the USD 4,000 level. However, the current #price action and technical indicators suggest that the price might break the USD 4,000 resistance and climb further higher in the near term.
#Ethereum price remained in a strong uptrend above the USD 135 level. ETH/USD broke the USD 140 and USD 145 resistance levels to test the USD 150 resistance area, where sellers emerged.
The price is currently up around 7.5% and it seems like it could continue to move higher towards USD 152 and USD 158. On the downside, there are many supports near the USD 145 and USD 142 levels.
Bitcoin cash, eos and ripple price
Bitcoin cash price followed ethereum and gained pace above the USD 130 resistance. #BCH/USD is up more than 15% and it recently broke the USD 140 and USD 145 resistance levels. The next target for buyers could be near the USD 155 level.
#EOS rallied significantly after it broke the USD 2.80 resistance level. The price gained pace and broke the USD 3.25 and USD 3.50 resistance levels, with gains more than 22%.
Ripple price made an upward move and broke the USD 0.315 and USD 0.320 resistance levels. #bitcoininfo
Top 5 Crypto Performers Overview: Dash, Neo, Binance Coin, EOS, Ethereum
The expense management app Spend.com added support for #Dash, offering the users various new features.
The Dash Core Group has announced the launch of a new Dash Ventures entity, registered in the Cayman Islands. It will invest in various asset classes, reinvesting the profits back into the Dash ecosystem.
So, is it the right time to buy the #cryptocurrency? Let’s see what the charts are suggesting.
The DASH/USD pair is attempting to rise from the level of $64. Although the upward move has been sluggish, one positive thing is that the cryptocurrency is consistently gaining ground.
The current recovery will face resistance at $103.261, and above it at the 20-week EMA at $109. Above these levels, the pair won’t meet major resistances until it reaches $175. Therefore, the traders can buy if the price sustains above $110.
Conversely, if the price turns around from the overhead resistance, a few more weeks of consolidation will be probable.
A break of $64 will be a negative development as it can sink the pair to $56.214. If this level breaks, the #downtrend will resume. Currently, with both of the moving averages sloping down and the RSI in the negative zone, the bears appear to have an advantage.
This week, #NEO was the second-best performer among the top 15 cryptocurrencies by #marketcapitalization. Although the cryptocurrency did not make any major headlines, the market participants are excited about the possible announcements during the NEO DEVCON 2019 which is taking place on Feb. 16 and 17.
The NEO/USD pair has largely been stuck in a tight range of $5.4808–$10 recently. Previously, the cryptocurrency was stuck in a range for 13 weeks, from mid-August to mid-November 2018, before a breakdown happened.
The current range-bound action is already 12 weeks old. So, if history repeats itself, we are likely to see either a breakout or a breakdown within the next couple of weeks.
The range this time is tight, so we expect the breakout to be strong. #bitcoin#millonaire#reallife#hustle
Enabling tax evasion
Cash enables the ‘hidden economy’. It’s not hard to see why, as it doesn’t leave a paper trail to be audited or tracked by taxation investigators. For example, when an employer pays a worker in cash under the table, both employer and employee do not pay employment benefits or income tax for the transaction. It isn’t surprising to see why workers in jobs paid primarily in cash — like waiting tables or private tutoring — tend to underreport their income.
Underreporting of income by individuals is the single largest contributor to the tax gap. Tax evasion costs the United States $200 billion every year, amounting to about 1 percent of the country’s GDP. OECD countries, on average, lose about 2–3 percent of their total tax revenues every year, while lower-income countries tend to lose more: about 6–13 percent.
Los crímenes con criptomonedas son uno de los focos principales de un laboratorio dedicado al estudio del crimen #cibernético lanzado por las autoridades indias esta semana, según reporta el diario local The Hindu este 19 de febrero.
Dentro del laboratorio existirá una unidad especial enfocada en #criptomonedas, tras años de problemas que involucran estafadores que se valen de este fenómeno emergente para defraudar a #inversionistas novatos y cometer todo tipo de crímenes. Sobre esto, el Hindu cita a Amulya Patnaik, comisionado de la policía de Delhi, declarando: “Ahora estamos equipados con tecnología idónea para recuperar información proveniente de disco duros dañados, análisis de criptomonedas, someter #malwares a análisis forenses e incluso recuperar información de 33,000 distintos modelos móviles disponibles en el mercado”.
Technical analysis shows that EOS took out resistance of $3 on February 18, 2019. This triggered the breakout from range accumulation, which may have likely signalled that the bottom is in. Also, the breakout looks valid. Yesterday, the coin printed volume that’s over 300% of its daily average. This tells us that sentiment has likely shifted from bearish to bullish.
Yesterday’s move, however, pushed EOS to overbought territory. Also, the 200-day moving average is acting as a resistance. These signals indicate that this altcoin is due for a pullback. We’ll take this chance to buy on dips.
The strategy is to buy on the retest of $3. If bulls can stay above this support, they’ll likely gather the momentum to rally to our range midpoint of $4. Take that out and the next target is $5.
The process may take less than a month.
Daily Chart of EOS/US Dollar on Bitfinex
As of this writing, the EOS/US Dollar pair is trading at $3.7441 on Bitfinex.
Summary of Strategy
Buy: As close to $3 as possible.
Targets: $4 and $5.
La nueva ‘criptomoneda’ de J.P. Morgan carece de muchas de las características tradicionales de las criptomonedas, que plantea la pregunta de cuánta o poca es la educación que existe actualmente en el mercado. Que plantea la pregunta de que tan poca o mucha educación existe actualmente en el mercado.
Lea el artículo completo siguiendo en enlace de la biografía.
BitExchange Offers Turn-Key Software for Anyone to Start a Cryptocurrency Business Instantly. BANGALORE, India, Feb. 19, 2019 /PRNewswire/ -- Over the past few months the price of major cryptocurrencies like Bitcoin, BCH etc has been extremely volatile and many investors are a little skeptical about the future of cryptocurrencies. The fluctuating pric…. Prnewswire.com @criptodolar#19Feb#crypto#trading#forex#cryptocurrency#bitcoin#local#cripto#dash#travel
Спасибо! @nora___salim ☀️
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