Month: November 2017

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. South Korean authorities are reportedly close to putting the final touches on regulations for bitcoin and cryptocurrency exchanges. The Financial Services Commission (FSC), South Korea’s financial regulator and authority, is outlining regulations that will mandate cryptocurrency exchanges to play by its rules. The regulator publicly revealed its intention to introduce regulations for bitcoin exchanges last year with a focus on regulatory and licensing parameters. “The government will Read more …

Key Highlights Ethereum classic price started a downside move and traded below the $28.00 support against the US Dollar. There is a major bearish trend line forming with resistance at $27.00 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair might struggle to move above $27.00 and $28.00 since these are important resistances. Ethereum classic price declined recently against the US Dollar and Bitcoin. ETC/USD now faces many hurdles on the upside near $27.00-28.00 in Read more …

Hello and welcome to News BTC’s Market Outlook November. ETH/USD Ethereum broke out during the trading session on Wednesday, clearing the $500 level. It now looks as if we are going to continue to find buyers in the Ethereum market on dips, and we should continue to go much higher. Given enough time, I believe that Ethereum will go looking towards the $550 level as the next logical round number. However, on the hourly chart we are crossing in the overbought Read more …

All alt coins are depreciating across the board after testing record highs. Let’s look at the charts: AFTER TESTING SEPTEMBER 12 HIGHS, NEM NOW CORRECTS XEMUSD 4HR Chart for November 30, 2017 In the weekly chart, bulls are in charge and that means in lower timeframes like the 4HR chart, buyers should be waiting for buy opportunities to load up their long positions. Because of the current bearish divergence pattern which begun between November 26 and 29, USD bulls are Read more …

Going up against YouTube may seem like a fool’s errand, but even if the video giants control 95% of the market worldwide, the remaining 5% can still be an attractive market. An up and coming company from Russia has set its sights on this (and maybe more), using blockchain technology and cryptocurrency to sound out the possible future of internet advertising. Native Video Box resembles YouTube in the same way that cryptocurrencies resemble traditional banks. It is an independent native video Read more …

Featured Wall Street Journal reports the globe’s second largest stock exchange, National Association of Securities Dealers Automated Quotations (Nasdaq) will offer bitcoin futures by the middle of next year. Also, Cantor Fitzgerald LP will provide bitcoin derivatives on its exchange by mid 2018. The news comes as Chicago Merc (CME) and Cboe are also reportedly set to offer a bitcoin futures market by year’s end. The combination could mean the official mainstreaming of the world’s most popular cryptocurrency. Read more …

The Bitcoin hype calls the big stock market operators on the plan: In addition to the world’s largest futures exchange CME insiders, according to the competitors Nasdaq launch a future on the cyber currency. The introduction is planned for 2018. The CME wants to start with their contract already in December. Her rival CBOE is working on similar plans. The US Securities and Exchange Commission must approve the introduction of new futures. In the spring, it Read more …

Hello and welcome to News BTC’s Market Outlook November. DASH/USD DASH continues to extend gains, reaching as high as $770 during the trading session on Wednesday. We are starting to pull back though, as we crossed in the overbought part of the stochastic oscillator. However, it’s very likely that any type of pullback in this market will be a buying opportunity and therefore looking for a bounce underneath is probably the best way to play this market. LTC/USD Litecoin has broken Read more …

Hello and welcome to News BTC’s Market Outlook November. BTC/USD Bitcoin rallied again against the US dollar, as we are approaching the $11,000 level. At this point, anytime you get a pullback in the market there seems to be buyers. I would anticipate that the “floor” is probably the $10,000 handle. We are most certainly entering some type of mania at this point, and impulsive phase. Because of this, make sure that you have stop losses in place as they tend Read more …