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Bitcoin and other cryptocurrencies on WednesdayIn 10 years since the most well-known cryptocurrency came to existence, the digital currency market revolutionized the understanding of currencies. Bitcoin, as well as Ethereum, Litecoin, and others, significantly affected the traditional financial institutions. People from all over the world are using digital currencies even for everyday tasks. Everything has its advantages and disadvantages, the digital currencies are not an exception. The popularity made them more vulnerable to market instability. It means that every time the price of Bitcoin falls, this news affects the mood of the cryptocurrency owners . However, is typical situation for Digital as well as fiat currencies. However, there is no need to start selling Bitcoin’s as the price most likely will become higher in several days or even hours. The good news for people who are willing to invest in the cryptocurrency came from Argentina. Huobi Group made the decision to open the digital currency exchange in the country. It is important to mention that Singapore based crypto and blockchain company Huobi Group will offer its service in Argentina. The CEO of Huobi Argentina Carlos Banfi stated that Argentina has a huge potential when it comes to the cryptocurrencies. The Huobi Group continues to expand as before announcing this decision, it obtained license in Thailand. This happened in July when it received permission to operate a fully-regulated digital currency exchange. Huobi Thailand will become operational in the third quarter of this year. Cryptocurrencies on September 18Digital currency news Bitcoin is the biggest digital currency in terms of market capitalization. It means that crypto investors and analysts pay more attention to this cryptocurrency. Bitcoin experienced problems for the last couple of days. Bitcoin’s price is $10,128. Litecoin’s price is $76.06 Ethereum strengthened its position after surpassing the $200 level. At the moment, Ethereum’s price is $211.
COINBASE:BTCUSD
by Financebroker
Indian lawmakers and digital currenciesIndia has the second-largest population in the world with more than 1 billion citizens. India also has one of the largest in the world. It means that the country has a huge potential when it comes to digital currencies. It is worth mentioning that India established itself as one of the world’s best technology hubs. All of the reason mentioned above creates favorable conditions for cryptocurrencies. Nevertheless, one issue can derail the plans of local as well as international investors to develop the digital currency market in India. Governmental and private organizations have different ideas about crypto regulations. The lack of proper regulations is often cited as a serious drawback of the digital currencies. Governments around the globe are trying to find the solution which will satisfy all sides. This is a huge issue, and no one should expect that it will become obsolete any time soon. The Indian government is not an exception. However, the draft legislation can seriously affect Indian companies and individuals. This law will make the Indian markets less attractive to the crypto owners. According to the draft, legislation person can receive a 10-year prison sentence for crypto mining. Other illegal activities included in the list are buying or selling cryptocurrencies and other activities associated with the digital currencies. As mentioned above this law will practically criminalize this emerging market. Nischal Shetty is the CEO of the cryptocurrency exchange WazirX. He said more than 5 million Indians own digital currencies. It means that all of them will have to get rid of their assets. Indian lawmakers should reject this law as it will jeopardize the freedom of millions of its citizens. Digital currencies on September 17Indian lawmakers and Bitcoin Bitcoin was unable to hold the momentum, and its price fell to $10.100. There is a chance that the price of Bitcoin may even fall below $10,000. Ethereum, on the contrary, is on the rise. Its price is $197.86. It means that it is very close to surpassing the $200. If it is going to break the resistance level price may even reach $205 or more. Last but not least is the news connected with another digital currency which is the Litecoin. At the moment Litecoin’s price is more than $72, more precisely $72.69. It is in the interests of the Indian government to develop the digital currency market. The price of Bitcoin remains above $10,000 on Tuesday.
COINBASE:BTCUSD
by Financebroker
GBPDKK: Sell opportunity for the medium term.The pair has been rising aggressively (1D RSI = 64.189) since early August and the Double Bottom formation on the 8.0000 1M Support. It is approaching the 1W Resistance (8.5000) but the 1D MA200 (orange line) is already applying selling pressure, similarly to what it did on September 2017 after the last rebound on the 1M SUpport. With 1W still neutral (RSI = 52.606, ADX = 43.327, MACD = -0.040, Highs/Lows = 0.08030) we expect this Resistance to hold on the medium term and trade sideways within that and the 8.2570 1D Support. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
USDCRC pair is set for a recoveryAfter testing the bottom of the wedge around 562.5 colones it makes total sense that it will get started in its recovery. One year ago around August 20th the level was about the same, this has been a common pattern to end the year. The reason behind this has to do with a increase in purchases and more money flooding the economy as the year ends. Many company owners that pay in USD need to get more USD in order to pay their employees. The government also makes the loan payments from international lenders and that also pushes the price up. The fiscal year ends in September and that is also part of why there is more money in the government hands and so the pressure to buy USD is higher. I do not really think the price will go any where lower than this and so its the perfect time to get myself some cheap USD to make some payments for the end of the year.
by raserrano
GBPUSD: Recurring 4H bearish formation.The pair has been trading within a 1D Channel Down (RSI = 43.598, MACD = -0.004, Highs/Lows = 0.0000) since May that has been providing clear Sell (via Lower Highs) and Buy (via Lower Lows) opportunities. 4H is about to print a recurring bearish formation (Golden Cross into Death Cross) within the Channel Down pattern that has been a strong sell signal. We are taking this sell opportunity with TP = 1.2020 and 1.1700 in extension (if the price breaks below the Channel Down median (dashed line)). ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
EURNZD ShortGuys in trading to get that bigger picture you have to see the monthly candle closer, and if you can see the monthly closer on EURNZD you can see that is a 3 pin bar ( Evening Star potential further upside for the coming month) If we see Weekly we can see that we have a rejection from 1.7605 ( Daily multiple rejection). If we see Daily we have a morning star confirmation, so what next? My bias for the upcoming week for EURNZD is bearish. Why entry 1.7486? because the TL was broken and you can see that it's a possible Head and Shoulder 4h , so wait to retest that TL and also to hit 50% FIB. First target: 1.7321(crucial level for the pair). Second target: 1.7219
Short
by ronizfx
EURUSD: Currently Long. Buy/ Sell plan for the next 2 months.EURUSD has been trading within a long term 1M Channel Down (RSI = 39.455, MACD = -0.006, Highs/Lows = -0.0201) since mid-2018. This has been providing very clear buy (on its Lower Lows) and sell (on its Lower Highs) signals. The inner Channel Down on 1W currently has the Sell Zone below 1.12800 and 1M the Buy Zone within 1.1025 - 1.0935. Notice how the price always touches the 1D MA50 after a Lower Low. Our projections show that from now on the 1D MA200 will determine the Lower Highs and based on a previous identical sequence (September 20th - November 12th 2018) the next one is expected to be on the 0.618 Fibonacci retracement level. We are currently closer to the Buy Zone so our position is long, TP = 1.12000. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
4
USDJPY: Hit the 1M Support. Long term Buy Opportunity.USDJPY is trading sideways since August 12 after finding support initially at 105.000. This week it dipped marginally lower and tested the 104.550 1M Support. These levels have provided Support already twice within a 1.5 year span. The current neutral trade and consolidation on 1D (RSI = 47.471, Highs/Lows = 0.0000) is most likely the pricing of the new Support base in preparation for the next multi month bullish run. A similar sequence took place in 2018, where USDJPY again rebounded off the 1M Support (104.550) and initiated a bull run that peaked on the previous 12-month top. With the 1D candle action almost identical there is every reason to believe that a similar pattern will unfold. The previous top is around 112.000 and this is our Target for the upcoming bull run. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
GBPAUD - SHORTThe weekly timeframe outlines a bigger bearish flag pattern with already prior 3 touch confirmations followed by lower lows towards the bottom of the flag. Considering the approach towards the bottom of the channel we see a lower time frame (4hr) flag pattern which we can evaluate from the analysis I have posted above. Trade active after the third touch confirmation on the top of the bearish flag pattern, will be forecasting a break towards the downside. I have mirrored the bearish leg using the bar tool to display similar movement that we can expect.
Short
by Alam-FX
4
AUDNZD BUY OPPORTUNITYAUDNZD has a great chance to pop up much higher after confirmation of this 3 simple steps that the market is showing us right now. 1) Breakout of the Daily Channel 2) Bullish Candlestick formation 3) Strong Volume Bar (indicates more buying interest) with that said the market is communicating with us telling us that he is getting ready to break up higher, Why? from seeing the breakout the Bulls are telling us, look I had the strength to breakout with a strong full body candle pushing through the whole channel, and not only that but also see the volume of buyers that are coming in as well to support this move, basically we also see what other people are doing. with just this 3 simple confirmations we can get a pretty good idea what the market is doing next. if you still don't understand don't hesitate to comment or PM in private Happy & Easy Trading! P.S nothing what i said here is certain that its going to happen, this is only my projection based of my knowledge and experience in the market
Long
by ElyaStein
EUR/BRL News and Charts for August 12, 2019The pair failed to breakout from a key resistance line, which will send the pair lower towards a major support line. Unpredictability was seen to be playing its game on the EU-Mercosur trade negotiations. The 20 years negotiation between the European Union and Brazil had finally come into an end after the two (2) economies agreed to draft deal which will open the market of the largest trading bloc in the world and the largest trading bloc in South America. However, negotiations to finalize the deal was still rough as the election of Brazilian President Jair Bolsonaro had caused Brazil’s deforestation to soar, an event that violates the agreed terms between the two (2) economies. Aside from this, Bolsonaro, also dubbed as “South America’s Trump”, had inherited U.S. President Donald Trump’s eccentric attitude after he cancelled a meeting with French Foreign Minister Jean-Yves Le Drian for a haircut.
by Financebroker
Market News and Charts for August 12, 2019 EUR/NZDThe pair was not able to sustain its strength after it failed to break out from key resistance line, which will send the pair lower towards a major support line. The Royal Bank of New Zealand (RBNZ) cut its benchmark interest rate in response to the escalating trade war between the United States and China. This will cause an advantage for New Zealand exports against countries affected by the trade war. Amid the threat that U.S. President Donald Trump will impose tariff to the European Union, the European Central Bank (ECB) had hold on to its benchmark interest rate. The ECB will resume their interest rate meeting by September, which will also be the last time that the incumbent ECB President Mario Draghi will be attending the said meeting as he is about to pass the ECB presidency to the former IMF (International Monetary Fund) Director Christine Lagarde in October.
by Financebroker
Market News and Charts for August 12, 2019USD/TRY The pair was seen trading at the tip of the “Falling Wedge” pattern and was expected to continue going down in the following days. The 2016 failed Turkish coup attempt started the end of the relationship between the United States and Turkey. The coup was led by U.S.-based preacher Fethullah Gulen within the Turkish military. Three (3) years after the failed coup, Turkey had its first delivery of the Russian S-400 missile defense system, which the U.S. allies said will compromise the defense sharing agreement of the NATO (North Atlantic Treaty Organization) Alliance. The second batch of delivery was expected to be finish this August. Aside from this, Turkey is mulling to purchase Russian SU-35 fighter jets after the U.S. expelled Turkey from the F-35 fighter jet program in response to its acquisition of Russia’s S-400. However, the Turkey-U.S. relationship might enter into a new low after Turkey loaned $1 billion from China.
by Financebroker
Possible EUR/GBP Short Position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 4- 9 Days Actions on - A – Activating Event Market will meet resistance in zone @ Current Levels - .... and fall to the 0.88 . In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 0.88 FX:EUR/GBP Trade Management Entered @ ..... Stop Loss @ ..... Target 1 @ 0.88 Target 2 @ .... Risk/Reward @ 4.5.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
3