Bitcoin Cash Analysis: Bearish Below $465 In Near Term
Bitcoin cash price is slowly moving lower below $500 against the US Dollar, similar to bitcoin. BCH/USD must stay above $465 and $450 to start a fresh increase.
Bitcoin Cash Price AnalysisAfter an extension above the $520 level, bitcoin cash price faced a strong resistance. BCH struggled to clear the $550 zone and it started a major decline.
There was a clear downside break below the $520 and $500 support levels. The pair declined below the 23.6% Fib retracement level of the upward move from the $388 swing low to $548 high. There was also a break below a major bullish trend line with support near $510 on the 4-hours chart of the BCH/USD pair.
Bitcoin cash price is slowly moving lower below $500 against the US Dollar, similar to bitcoin. BCH/USD must stay above $465 and $450 to start a fresh increase.
Bitcoin Cash Price AnalysisAfter an extension above the $520 level, bitcoin cash price faced a strong resistance. BCH struggled to clear the $550 zone and it started a major decline.
There was a clear downside break below the $520 and $500 support levels. The pair declined below the 23.6% Fib retracement level of the upward move from the $388 swing low to $548 high. There was also a break below a major bullish trend line with support near $510 on the 4-hours chart of the BCH/USD pair.
Calm Before The Storm: Why The Bitcoin Bull Market Is Definitely Not Over
Bitcoin proponents are not losing faith in the possibility of a comeback for the big bull, and a number of these proponents have reiterated this in reference to different bullish observations made over the week.
Different metrics have been fueling bullish expectations, and one of the newest ones comes from the on-chain analyst William Clemente, who breaks down where the market is currently at, and the surprising destination it shows itself to be headed to.
Incoming bull rally in less than a month? In a recent on-chain analysis titled “calm before the storm,” (a reference to the perceived bull rally that is expected to precede the current bear market) the analyst points out what the pseudonymous Bitcoin trader John Wick has previously noted; the tightening of the Bollinger Bands indicator, following two volatility squeezes.
BTCUSD Chart By TradingViewThe orange shaded area on the above chart, at the top left “is telling you that there is a big move coming,” explained Clemente, who goes on to reference July 2020, when the first of the volatility squeeze that sent the market to new highs was recorded. Following that, back in April 2021, another volatility squeeze sent the market back to a bearish state.
Breaking the expected outcome, he maintains certainty that the market is well-positioned to make a significant jump anywhere from now and the next 21 days.
Bitcoin proponents are not losing faith in the possibility of a comeback for the big bull, and a number of these proponents have reiterated this in reference to different bullish observations made over the week.
Different metrics have been fueling bullish expectations, and one of the newest ones comes from the on-chain analyst William Clemente, who breaks down where the market is currently at, and the surprising destination it shows itself to be headed to.
Incoming bull rally in less than a month? In a recent on-chain analysis titled “calm before the storm,” (a reference to the perceived bull rally that is expected to precede the current bear market) the analyst points out what the pseudonymous Bitcoin trader John Wick has previously noted; the tightening of the Bollinger Bands indicator, following two volatility squeezes.
BTCUSD Chart By TradingViewThe orange shaded area on the above chart, at the top left “is telling you that there is a big move coming,” explained Clemente, who goes on to reference July 2020, when the first of the volatility squeeze that sent the market to new highs was recorded. Following that, back in April 2021, another volatility squeeze sent the market back to a bearish state.
Breaking the expected outcome, he maintains certainty that the market is well-positioned to make a significant jump anywhere from now and the next 21 days.
XRP Volume Soars Nearly 100% in Q2 2021 Amid Crypto Volatility: Ripple Report
Digital payments firm Ripple Labs is reporting that XRP’s trading volume soared in the second financial quarter of 2021 as the crypto market met some turbulence.
In a new blog post, Ripple says that blockchain insights platform CryptoCompare TopTier (CCTT) found that the daily trading volume for XRP wildly increased between Q1 and Q2 of 2021.
Digital payments firm Ripple Labs is reporting that XRP’s trading volume soared in the second financial quarter of 2021 as the crypto market met some turbulence.
In a new blog post, Ripple says that blockchain insights platform CryptoCompare TopTier (CCTT) found that the daily trading volume for XRP wildly increased between Q1 and Q2 of 2021.
Paypal’s Venmo Launches ‘Cash Back to Crypto’ Feature to Auto Purchase Cryptocurrencies
Venmo, a Paypal service, has introduced the "Cash Back to Crypto" feature to allow credit card customers to automatically buy four types of cryptocurrencies with their cash back without incurring transaction fees.
Cash Back to Crypto on VenmoPayments giant Paypal announced Tuesday a new feature on its Venmo platform called "Cash Back to Crypto" that enables Venmo credit card customers to "use monthly cash back in their Venmo account to auto-purchase cryptocurrency of choice, with no transaction fees." The announcement details:
Starting today, Cash Back to Crypto will be rolling out to Venmo Credit Cardholders, offering more ways to use cash back and expanding on Venmo’s crypto functionality, which launched earlier this year.
Venmo, a Paypal service, has introduced the "Cash Back to Crypto" feature to allow credit card customers to automatically buy four types of cryptocurrencies with their cash back without incurring transaction fees.
Cash Back to Crypto on VenmoPayments giant Paypal announced Tuesday a new feature on its Venmo platform called "Cash Back to Crypto" that enables Venmo credit card customers to "use monthly cash back in their Venmo account to auto-purchase cryptocurrency of choice, with no transaction fees." The announcement details:
Starting today, Cash Back to Crypto will be rolling out to Venmo Credit Cardholders, offering more ways to use cash back and expanding on Venmo’s crypto functionality, which launched earlier this year.
Some really interesting news about TrendGuru AI project has been popping up in many crypto related media in the last few days. It looks like Artificial Intelligence has started a revolution in the crypto market!
TrendGuru AI - a very old project in the field of market data analysis, announces revolutionary results and finally goes public. This is bound to be a game changer in the cryptocurrency markets. The best AI analytics is now available to everyone with @TrendGuruBot.
«After 6 years of developing and testing our artificial intelligence on our deposits, we are ready to present you the latest and greatest version of our robot. It is an artificial intelligence bot that provides high-profit and low-risk signals for trading in cryptocurrency markets. The technology is based only on pure mathematics and the latest developments in the field of self-learning systems. Simply following the instructions of the system will allow you to consistently receive three-digit returns every year.»
Read more in TrendGuruAI channel and earn hundreds of percent even in a falling market! Definitely recommended!
TrendGuru AI - a very old project in the field of market data analysis, announces revolutionary results and finally goes public. This is bound to be a game changer in the cryptocurrency markets. The best AI analytics is now available to everyone with @TrendGuruBot.
«After 6 years of developing and testing our artificial intelligence on our deposits, we are ready to present you the latest and greatest version of our robot. It is an artificial intelligence bot that provides high-profit and low-risk signals for trading in cryptocurrency markets. The technology is based only on pure mathematics and the latest developments in the field of self-learning systems. Simply following the instructions of the system will allow you to consistently receive three-digit returns every year.»
Read more in TrendGuruAI channel and earn hundreds of percent even in a falling market! Definitely recommended!
Not sure what to do with ERC-20 tokens of failed projects?
Project iQuantXchange (https://iquant.exchange) swap ERC-20 tokens of failed projects for IQX token. The startup has been around for over a year, and during that time it has established itself as a stable platform for swapping worthless tokens for the promising IQX token, which will become the utilitarian token of their new exchange service.
The iQuantXchange will distribute all proceeds from transaction fees to all IQX token holders and is potentially a very powerful investment tool. So powerful, in fact, that some users are buying tokens from failed projects to exchange them for IQX.
To participate in this swap you just need to go to their website https://iquant.exchange, go to Swap Rate Checker section and enter the token you want to get rid of. You will be shown the exchange rate. Then just register and make the exchange. Get answers to questions about this project you can here: https://iquantx.medium.com/learn-about-the-project-from-this-faq-948250871307 or in the project's Telegram group @iQuantX
Project iQuantXchange (https://iquant.exchange) swap ERC-20 tokens of failed projects for IQX token. The startup has been around for over a year, and during that time it has established itself as a stable platform for swapping worthless tokens for the promising IQX token, which will become the utilitarian token of their new exchange service.
The iQuantXchange will distribute all proceeds from transaction fees to all IQX token holders and is potentially a very powerful investment tool. So powerful, in fact, that some users are buying tokens from failed projects to exchange them for IQX.
To participate in this swap you just need to go to their website https://iquant.exchange, go to Swap Rate Checker section and enter the token you want to get rid of. You will be shown the exchange rate. Then just register and make the exchange. Get answers to questions about this project you can here: https://iquantx.medium.com/learn-about-the-project-from-this-faq-948250871307 or in the project's Telegram group @iQuantX
Bitcoin Mining Industry Booms As Daily Revenue Skyrockets Past $40 Million
The Chinese crackdown on the cryptocurrency industry saw over 50% of the hashrate of Bitcoin mining go offline. The Bitcoin network has however shown its resilience as it is recovering remarkably well from the FUD generated by the crackdown on Bitcoin mining in China.
Recent reports show that on one hand, a hashrate recovery is underway as the Chinese miners are settling into new locations and coming back online, while on the other hand, miners who remained online in other parts of the world have been earning more for their strains.
The Chinese crackdown on the cryptocurrency industry saw over 50% of the hashrate of Bitcoin mining go offline. The Bitcoin network has however shown its resilience as it is recovering remarkably well from the FUD generated by the crackdown on Bitcoin mining in China.
Recent reports show that on one hand, a hashrate recovery is underway as the Chinese miners are settling into new locations and coming back online, while on the other hand, miners who remained online in other parts of the world have been earning more for their strains.
Forwarded from TrendGuru AI
Great deal from the first half of August. Very fast, very profitable.
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Closed deal DENT/USDT
Open: $0.00231274, 04.08.2021
Close: $0.00462374, 13.08.2021
Profit: +99.92%
Duration: 9 days
Briefly about the instrument:
Dent is a revolutionary player in the market of mobile communications and data services. Today, around half of the world’s population has restricted access to mobile services because of the high prices traditional mobile carriers offer. Dent brings in the power of blockchain technology to revolutionize this and provide global access to mobile airtime and data.
Dent eliminates the understanding that your mobile data is tied to your location by becoming a global digital mobile operator. Dent offers plans that suit today’s global citizens’ needs by removing roaming fees and introducing international mobile plans. Everything on the Dent platform is purchased through DENT tokens, meaning that all transactions are recorded on the blockchain, and there is no chance for a customer to pay for something and not receive it. Unlike traditional mobile operators, Dent aims to make mobile airtime and data available globally to anyone interested, regardless of their location.
Subscribe to @TrendGuruBot and earn hundreds of percent in any market conditions.
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Closed deal DENT/USDT
Open: $0.00231274, 04.08.2021
Close: $0.00462374, 13.08.2021
Profit: +99.92%
Duration: 9 days
Briefly about the instrument:
Dent is a revolutionary player in the market of mobile communications and data services. Today, around half of the world’s population has restricted access to mobile services because of the high prices traditional mobile carriers offer. Dent brings in the power of blockchain technology to revolutionize this and provide global access to mobile airtime and data.
Dent eliminates the understanding that your mobile data is tied to your location by becoming a global digital mobile operator. Dent offers plans that suit today’s global citizens’ needs by removing roaming fees and introducing international mobile plans. Everything on the Dent platform is purchased through DENT tokens, meaning that all transactions are recorded on the blockchain, and there is no chance for a customer to pay for something and not receive it. Unlike traditional mobile operators, Dent aims to make mobile airtime and data available globally to anyone interested, regardless of their location.
Subscribe to @TrendGuruBot and earn hundreds of percent in any market conditions.
Forwarded from TrendGuru AI
One more great deal in August. Low risk. Huge profit. Everything as we love.
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Closed deal IOTX/USDT
Open: $0.021736, 04.08.2021
Close: $0.070366, 24.08.2021
Profit: +223.73%
Duration: 21 days
Briefly about the instrument:
IoTeX is the decentralized backbone for machine economics which serves machines ranging from smart home devices to autonomous vehicles. To this end, IoTeX has built and launched a fast, high-performance, and EVM-compatible blockchain that provides flexibility and scalability for various applications. Also, middlewares and Dapps are built on top of the blockchain to bring self-sovereign devices and real-world oracles into reality.
IoTeX has several mechanisms that ensure the privacy of users and transactions. Some of these are ring signatures and the reliable payment code that hides the transaction receiver’s address. Delegated proof-of-stake works by having stakeholders vote for the block producers on the network. The number of block producers is set and once they are elected, they are responsible for adding new blocks to the blockchain. For doing it, they receive rewards that they can distribute to the stakeholders who voted for them, incentivizing block producers to continue working and stakeholders to continue voting for block producers.
This is a very promising project with a strong and experienced development team. Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
💵💵💵
Closed deal IOTX/USDT
Open: $0.021736, 04.08.2021
Close: $0.070366, 24.08.2021
Profit: +223.73%
Duration: 21 days
Briefly about the instrument:
IoTeX is the decentralized backbone for machine economics which serves machines ranging from smart home devices to autonomous vehicles. To this end, IoTeX has built and launched a fast, high-performance, and EVM-compatible blockchain that provides flexibility and scalability for various applications. Also, middlewares and Dapps are built on top of the blockchain to bring self-sovereign devices and real-world oracles into reality.
IoTeX has several mechanisms that ensure the privacy of users and transactions. Some of these are ring signatures and the reliable payment code that hides the transaction receiver’s address. Delegated proof-of-stake works by having stakeholders vote for the block producers on the network. The number of block producers is set and once they are elected, they are responsible for adding new blocks to the blockchain. For doing it, they receive rewards that they can distribute to the stakeholders who voted for them, incentivizing block producers to continue working and stakeholders to continue voting for block producers.
This is a very promising project with a strong and experienced development team. Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
China BTC Miners Are Stepping Back into the Spotlight
Cryptocurrency miners from China are now beginning to set up shop in neighboring countries such as Russia and Kazakhstan. As a result, they are coming back online to extract new bitcoin units, and they are again presenting serious competition to miners in the United States and other bitcoin havens.
Miners in China Are Setting Up Shop ElsewhereNot long ago, Beijing ruled that all mining in China was to be banned, claiming that the hazards of bitcoin mining were simply too heavy to ignore. This has been an argument that has swelled in recent months, with several analysts, industry heads, and even traders alike claiming that in some way or another, crypto mining does irreversible harm to the planet’s environment.
This is an attitude that has been shared by some of the most prominent figures in the industry. The most notable example is arguably Elon Musk, who really made headlines earlier in the year when he announced that his electric car company Tesla was going to be accepting bitcoin payments for vehicles. However, this decision was soon rescinded when Musk decided that he was worried about the effects of crypto mining.
Cryptocurrency miners from China are now beginning to set up shop in neighboring countries such as Russia and Kazakhstan. As a result, they are coming back online to extract new bitcoin units, and they are again presenting serious competition to miners in the United States and other bitcoin havens.
Miners in China Are Setting Up Shop ElsewhereNot long ago, Beijing ruled that all mining in China was to be banned, claiming that the hazards of bitcoin mining were simply too heavy to ignore. This has been an argument that has swelled in recent months, with several analysts, industry heads, and even traders alike claiming that in some way or another, crypto mining does irreversible harm to the planet’s environment.
This is an attitude that has been shared by some of the most prominent figures in the industry. The most notable example is arguably Elon Musk, who really made headlines earlier in the year when he announced that his electric car company Tesla was going to be accepting bitcoin payments for vehicles. However, this decision was soon rescinded when Musk decided that he was worried about the effects of crypto mining.
Biconomy Is Holding A $50,000 Airdrop For Its New Official Token- BIT
Biconomy, a Canadian-based cryptocurrency exchange, is holding a $50,000 airdrop campaign to celebrate its new official token, BIT.
As per the announcement, the airdrop will reportedly run for 20 days and will be held and tracked by CoinMarketCap. Notably, from all the participants, 10,000 users stand to share in the grand prize. So far, there are over 380,000 people signed up to participate in the event.
People seeking to participate in Biconomy’s airdrop are required to add Biconomy Token – BIT to their CoinMarketCap watchlist, join Biconomy exchange social media platforms, and retweet pinned posts on the social media pages. Participants will also be required to mention three friends with hashtags #BIT, #Bitconomy Exchange. For the last requirement, participants will need to fill a google form providing the correct information required.
Biconomy, a Canadian-based cryptocurrency exchange, is holding a $50,000 airdrop campaign to celebrate its new official token, BIT.
As per the announcement, the airdrop will reportedly run for 20 days and will be held and tracked by CoinMarketCap. Notably, from all the participants, 10,000 users stand to share in the grand prize. So far, there are over 380,000 people signed up to participate in the event.
People seeking to participate in Biconomy’s airdrop are required to add Biconomy Token – BIT to their CoinMarketCap watchlist, join Biconomy exchange social media platforms, and retweet pinned posts on the social media pages. Participants will also be required to mention three friends with hashtags #BIT, #Bitconomy Exchange. For the last requirement, participants will need to fill a google form providing the correct information required.
Lamassu unveils its new compact bitcoin ATM machine model
Lamassu, creators of a line of Bitcoin ATM machines including open-source admin software, announced over the weekend its newest bitcoin/cryptomat ATM model, the Tejo. Designed with a compact form factor that will fit in almost any location. Moreover, the Tejo also has spacious internals and can accommodate extra cash boxes that can triple its bill capacity on both its bill validator and dispenser.
Electronic locks for cash pickupCash collection agencies such as Garda, Loomis, and Brinks frequently demand specific auditable locks as a prerequisite for providing their services. As such, the Tejo has the option to upgrade to the industry-leading Dormakaba Cencon electronic lock for an operator’s cash collection needs.
The first batch of Tejos will begin shipping out this October, those interested can start the reservation process and be among the first to launch.
Lamassu, creators of a line of Bitcoin ATM machines including open-source admin software, announced over the weekend its newest bitcoin/cryptomat ATM model, the Tejo. Designed with a compact form factor that will fit in almost any location. Moreover, the Tejo also has spacious internals and can accommodate extra cash boxes that can triple its bill capacity on both its bill validator and dispenser.
Electronic locks for cash pickupCash collection agencies such as Garda, Loomis, and Brinks frequently demand specific auditable locks as a prerequisite for providing their services. As such, the Tejo has the option to upgrade to the industry-leading Dormakaba Cencon electronic lock for an operator’s cash collection needs.
The first batch of Tejos will begin shipping out this October, those interested can start the reservation process and be among the first to launch.
It’s Just A Matter Of Time Till Ethereum Overtakes Bitcoin As Leading Cryptocurrency, Says Polygon Co-Founder
Sandeep Nailwal, Polygon’s cofounder, has tipped Ethereum to surpass Bitcoin in becoming the world’s leading cryptocurrency. He cites multiple use cases of Ethereum over Bitcoin’s singular monetary function.
Watch Out Bitcoin! Here Comes EthereumPolygon’s co-founder Sandeep Nailwal in a recent interview has expressed his firm belief in the Ethereum project, stating that it has the potential to become the foremost cryptocurrency. He noted that ”sooner or later, ETH will outpace Bitcoin and become the global standard” while it establishes itself as the main hub for DeFi.
The co-founder argues that Ethereum’s multiple use cases give it a significant edge over bitcoin. The Ethereum ecosystem has become a thriving hub for NFTs, Dapps, and DeFi with several layer-2 projects being built on the network. Nailwal said in the interview that if Bitcoin does not evolve and expand its functionalities, he does not see it surviving in the long term.
Sandeep Nailwal, Polygon’s cofounder, has tipped Ethereum to surpass Bitcoin in becoming the world’s leading cryptocurrency. He cites multiple use cases of Ethereum over Bitcoin’s singular monetary function.
Watch Out Bitcoin! Here Comes EthereumPolygon’s co-founder Sandeep Nailwal in a recent interview has expressed his firm belief in the Ethereum project, stating that it has the potential to become the foremost cryptocurrency. He noted that ”sooner or later, ETH will outpace Bitcoin and become the global standard” while it establishes itself as the main hub for DeFi.
The co-founder argues that Ethereum’s multiple use cases give it a significant edge over bitcoin. The Ethereum ecosystem has become a thriving hub for NFTs, Dapps, and DeFi with several layer-2 projects being built on the network. Nailwal said in the interview that if Bitcoin does not evolve and expand its functionalities, he does not see it surviving in the long term.
Bitcoin Skyrockets Above $57K, Recaptures Trillion Dollar Market Cap, Double-Digit Weekly Gains
The price of bitcoin continues to climb higher as the crypto asset has captured over 19% in gains during the last seven days. Bitcoin tapped a daily high on Monday reaching $57,678 per unit, jumping 4.4% in the last 24 hours.
Bitcoin Outperforms the Pack as Speculators Assume ETF Approval Is ComingIt seems crypto investors are more attracted to bitcoin (BTC) in recent times as the crypto asset has been outperforming most of the top digital currencies in the last few days. On Monday, BTC has jumped 4.4% in value and BTC is the 14th-biggest seven-day gainer out of 10,000+ crypto-assets in existence.Much of the price increase has been attributed to the possibility that the U.S. Securities and Exchange Commission (SEC) will approve a bitcoin exchange-traded fund by the month’s end. While many investors see a bitcoin ETF approval as being positive, others have shared contrasting opinions about the subject in recent times.Bitcoin (BTC) has gained 19.3% during the last week and year-to-date, BTC is up 410.3%. The price push has increased BTC dominance as the metric has tapped 44.4% on Monday, while ethereum’s (ETH) market cap is 17.3%. With current prices above the $57K range, BTC’s market valuation is approximately $1,085,971,255,172, or just over $1 trillion.Tim Frost, CEO of digital wealth management platform Yield App told Bitcoin.com News in an investor’s note that bitcoin is “set to test all-time highs and break into six-figures.” Frost spoke about the possibility of a bitcoin futures ETF getting approval and the recent approval of Volt Equity’s long, indirect exposure ETF.“Analysts are predicting a potential cool off, with bitcoin potentially falling to the $40,000 support level before continuing on the upwards trajectory to test the previous all-time high of $65,000,” Frost explained on Monday. He continued:
A break of this level, in line with the stock to flow model, would likely see Bitcoin soar into the six-figure region and beyond toward the end of 2021 – a tantalizing prospect for investors hungry for that promised $100k level. Then, the approval of a Bitcoin futures ETF in the US would no doubt add rocket fuel to this already astronomical price target.
The price of bitcoin continues to climb higher as the crypto asset has captured over 19% in gains during the last seven days. Bitcoin tapped a daily high on Monday reaching $57,678 per unit, jumping 4.4% in the last 24 hours.
Bitcoin Outperforms the Pack as Speculators Assume ETF Approval Is ComingIt seems crypto investors are more attracted to bitcoin (BTC) in recent times as the crypto asset has been outperforming most of the top digital currencies in the last few days. On Monday, BTC has jumped 4.4% in value and BTC is the 14th-biggest seven-day gainer out of 10,000+ crypto-assets in existence.Much of the price increase has been attributed to the possibility that the U.S. Securities and Exchange Commission (SEC) will approve a bitcoin exchange-traded fund by the month’s end. While many investors see a bitcoin ETF approval as being positive, others have shared contrasting opinions about the subject in recent times.Bitcoin (BTC) has gained 19.3% during the last week and year-to-date, BTC is up 410.3%. The price push has increased BTC dominance as the metric has tapped 44.4% on Monday, while ethereum’s (ETH) market cap is 17.3%. With current prices above the $57K range, BTC’s market valuation is approximately $1,085,971,255,172, or just over $1 trillion.Tim Frost, CEO of digital wealth management platform Yield App told Bitcoin.com News in an investor’s note that bitcoin is “set to test all-time highs and break into six-figures.” Frost spoke about the possibility of a bitcoin futures ETF getting approval and the recent approval of Volt Equity’s long, indirect exposure ETF.“Analysts are predicting a potential cool off, with bitcoin potentially falling to the $40,000 support level before continuing on the upwards trajectory to test the previous all-time high of $65,000,” Frost explained on Monday. He continued:
A break of this level, in line with the stock to flow model, would likely see Bitcoin soar into the six-figure region and beyond toward the end of 2021 – a tantalizing prospect for investors hungry for that promised $100k level. Then, the approval of a Bitcoin futures ETF in the US would no doubt add rocket fuel to this already astronomical price target.