Crypto Buy Signals

Union Square Ventures (USV), a private equity and venture capital firm, has plans to invest in blockchain and cryptocurrencies over the course of the next 10 years, CNBC reports June 29. Those plans, however, do not include establishing a separate fund. Albert Wenger, managing partner at USV, told CNBC that “we see a lot of upside to keeping it under the same roof.” Despite prevailing the bear market in cryptocurrency, the company has an optimistic long-term view of the industry Read whole article...

The Taiwanese subsidiary of tech giant Microsoft has partnered with tech investment company China Binary Sale Technology and High Cloud to create a platform for enterprise blockchain development, according to a press release from Microsoft June 28. Microsoft will provide its Azure cloud platform as a base for China Binary’s blockchain service. The three-part partnership reportedly intends to transform various industries such as finance, e-commerce, and entertainment, focusing on the Asia-Pacific region. Read whole article...

Chief Economic Advisor at financial services company Allianz, Mohamed El-Erian, told CNBC today, June 29, that he thinks Bitcoin (BTC) will eventually be treated as a store of value – and that he would consider buying if the price hits $5,000.  While El-Erian reports currently not owning any Bitcoin, the influential economist said he would consider buying at the $5,000 price point, explaining that his reasoning as being based on a “gut feeling.” Read whole article...

BTC now trading around 5900. We are in this falling wedge with a range of 6100 - 5400. There is still no buying power / volume to break this falling wedge. There is a great chance that BTC will drop to 5400. A lot of people are betting on a rebound/reversal from this 5400 mark, we do too but always prepare for the worst. We mean 5000 as "worst". Breaking the upper resistance of 6100ish would signal a new formation (falling wedge is done). DISCLAIMER : We are not professional traders nor financial advisers. Please invest/trade at your own due diligence! You can't hold us responsible for losing money on trading signals we give you. You and you only take responsibility if you buy crypto and lost on these trades. So do your own research before buying. Our trading  signals are purely informational.

Chinese cryptocurrency exchange Huobi confirmed the opening of its London office June 28, with over-the-counter (OTC) trading tests set to begin in Q3 this year. In a press release shared with Cointelegraph, Huobi, which claims to have a global user base of “more that five million,” continued its recent narrative that expansion into Europe was a priority, with London a deliberate choice for basing its new operations. Read whole article...

The head of the Indian government committee tasked to propose a regulatory framework for the cryptocurrency sector has revealed authorities are close to finalizing a draft in July.  Nearly three months after the Reserve Bank of India, the country’s central bank, introduced a banking freeze on the cryptocurrency sector to adversely impact trading volumes, exchanges and investors have remained hopeful of legislation that regulates – in effect recognizes and legalizes – the industry. Read whole article...

There are posiblities we will go down to 5350 and here is why...

BTC now trading around 6020. Like expected bitcoin is going down towards 6000 support. Lets see if it holds again, otherwise it is back to 5800. If bitcoin holds this support it confirms that we are at the bottom and will see bulls taking over soon. Sorry for this trend but I am not near a computer now. We will keep you posted! DISCLAIMER : We are not professional traders nor financial advisers. Please invest/trade at your own due diligence! You can't hold us responsible for losing money on trading signals we give you. You and you only take responsibility if you buy crypto and lost on these trades. So do your own research before buying. Our trading  signals are purely informational.

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Financial services giant Mastercard was awarded several new blockchain patents this week, continuing its trend of embracing distributing ledger research even as it expresses open hostility to bitcoin and other cryptocurrencies. However, one particular patent is raising eyebrows.  The patent, awarded by the U.S. Patent and Trademark Office (USPTO) on Thursday, outlines a system that facilitates anonymous transactions over a blockchain network. Mastercard first applied for the patent in Dec. 2016. Read whole article...

1) Facebook is Reversing Its Cryptocurrency Ads Ban 2) Coinbase CEO Brain Armstrong Launches Charitable Cryptocurrency Fund 3) South Korea invests $200 mln in blockchain initiative 4) Ripple Partner and Financial Giant SBI Says Cryptocurrency Will Fuel Economic Revolution

The Tokyo District Court has ordered Mt Gox to begin compensating victims of its infamous 2014 hack, effectively stalling the exchange’s pending bankruptcy. Posted on the Mt Gox website June 22, the ruling may bring closure to a November 2017 petition requesting compensation — filed by creditors of the now-defunct Mt Gox exchange. Read whole article...

Valerie Szczepanik has been appointed as the new head of the SEC’s cryptocurrency task force. The news is not altogether surprising given that she has been heavily involved in the ICO industry, last year advising them to put investors first if they wanted the industry to flourish. She has prior knowledge of securities law and is already leading the SEC’s distributed ledger technology group, which she is now leaving for her new role. She will report to division director Bill Hinman. Read whole article...

Cryptocurrency exchange Binance has resumed trading a day after suspending activities due to system upgrade, followed by a warning from their risk management system, a statement confirms June 27. Trading at Binance, which usually ranks within the top three exchanges in the world by daily trading volume, ground to a halt Tuesday following a planned system upgrade.  Developers had forecast trades and withdrawals stopping for a four-hour period, but when automated system signalled an undisclosed vulnerability, the services remained unavailable longer. Read whole article...

BTC now trading around 6120. When we look at the long vs short positions, we think that BTC will drop. Long 57 % and short 43%. If whales see that there are a lot more long positions open then short positions they can manipulate the market and destroy al lot of long positions by driving the market downwards. If we look at the trend we see a rising wedge, this also indicates a drop in price after this wedge. The support around 6000 is big and is likely to hold. Conclusion, we think we will go down to 6000 and bounce back. DISCLAIMER : We are not professional traders nor financial advisers. Please invest/trade at your own due diligence! You can't hold us responsible for losing money on trading signals we give you. You and you only take responsibility if you buy crypto and lost on these trades. So do your own research before buying. Our trading  signals are purely informational.

With the 6th July deadline closing in, most of you have been asking us about the fate of crypto in India. We’ve been working on a solution to help you continue buying/selling of crypto without getting those warning emails from your banks! Now we’re ready to reveal it to you! Read whole article...

The pornography industry is often an early adopter of new tech. And so it has come to pass with the highly volatile world of cryptocurrency, the internet’s decentralized and encrypted electronic cash networks. Pornhub, one of the world’s biggest pornographic-video sites, is expanding its cryptocurrency-payment options to soon accept Tron, founded by Justin Sun — the Chinese entrepreneur who recently acquired file-sharing software company BitTorrent. Read whole article....

Facebook has reversed its controversial ban on cryptocurrency adverts, prompting further speculation that the tech giant may be planning something major in the space. The lifting of the ban – put in place in January amid fears that ads were used for fraud – was welcomed by industry figures, with some saying that it indicated the firm's recognition of the potential of bitcoin and other cryptocurrencies. Read whole article...

Research company Ipsos on behalf of ING Bank B.V. has conducted a study on how cryptocurrencies are perceived across Europe, Australia and the U.S., which reveals that interest in the technology is expected to double in the future. While only 9 percent of respondents own crypto, 25 percent said they will own some in the future. The highest percent (18 percent) of crypto ownership is reported in Turkey, while the lowest (4 percent) is in Luxembourg. Read whole article...

The Financial Director of Zug, Switzerland, Heinz Tännler called on the Swiss Bankers Association (SBA) to create a working group to help blockchain companies open bank accounts, local news outlet cash.ch reported June 26. Since blockchain and crypto companies face difficulties with opening bank accounts in the country, Tännler together with the Financial Director of Zurich Ernst Stocker brought the issue to the attention of Federal Council Ueli Maurer. Tännler is reportedly concerned about the risk of losing business to countries with more friendly banking environments. Read whole article...

You can now trade tron (TRX) AT bitmex with a max of 20x leverage! We would not recommend 20x but 10x is very nice! Want to start trading tron on bitmex? Go  Here...

Facebook is reversing its ban on cryptocurrency advertisements and will now allow some preapproved advertisers to promote crypto businesses and services, like exchanges. Read whole article...

BTC now trading around 6200. It is time to take a look at the bigger picture... If you look at the image below you can see that from the ATH we can draw a line to where we are now (almost).  The red line (@5850) acts as a support. Breaking this support would be strange and would take a lot of money to break it. We have seen that bears have tried to break it but we bounced back. The orange lines indicate we are in a descending wedge. This also indicates that at the end of the wedge we will see a breakout. We think this breakout will happen in beginning of July and is going to start the bull season. We can't give you a exact date yet but we will keep you guys posted. DISCLAIMER : We are not professional traders nor financial advisers. Please invest/trade at your own due diligence! You can't hold us responsible for losing money on trading signals we give you. You and you only take responsibility if you buy crypto and lost on these trades. So do your own research before buying.

Bitcoin prices are expected to see phenomenal increase with a slew of Cryptocurrency ETFs making their debut. The latest announced ETF by IronWood is valued at $35,000 and be contributor to the overall up-drive in prices of bitcoin and its siblings. Besides, a mid-term rally is expected close on the heels of the ETF-driven boom, given the high number of institutional investors making a beeline for the cloud-made currencies. Read whole article...

Given the apparent sensitivity of cryptocurrency markets to regulatory and political developments, it stands to reason that the world's leaders — and what they think about crypto — will be vitally important in determining the direction the cryptocurrency market will travel in the future. Many leaders have been willing to sit back over the past few months and let crypto develop — more or less — organically, yet it's becoming apparent that the time for official action is drawing increasingly near, at which point Bitcoin, et al. will either bear the brunt of government 'crackdowns' or will benefit from favorable support. Read whole article...

The State Service for Special Communication and Information Protection of Ukraine has said that it is not planning to regulate cryptocurrency mining, news portal cryptorussia.ru reported June 25. In response to an official request for information by the Better Regulation Delivery Office’s (BRDO), the representatives of the regulatory authority reportedly said that they have no intention to introduce licences for crypto mining as a special kind of activity. The BRDO is an organization that promotes economic freedom and efficient regulations in Ukraine. Read whole article...

Update: due to the current Binance system downtime, the BitMEX TRXU18 listing will be postponed. We will post another update before listing.

Today 26th June at 8:30 UTC, BitMex will list TRX Futures Contract. It is possible that new money will flow in to tron and make a big green candle. Want to start trading tron on bitmex with a leverage up to 25x? Go to bitmex and open a account now. Open account here...

If you thought crypto in India was over, you were probably wrong. According to a recent statement by a high-ranking official, the long-awaited regulations are on the way. A draft framework has been prepared, and authorities in Delhi hope to “wrap this up” as early as the first half of next month. Meanwhile, the Supreme Court has agreed to review a petition against the RBI ban earlier than expected, resetting the hearing for July 3. Read whole article...

Stablecoin Tether (USDT), which is allegedly backed 1:1 by the US dollar, has issued 250 million more tokens today, June 25, according to data from Omni Explorer. At the end of March, Tether had released 300 million tokens, leading to a small price increase for Bitcoin (BTC). The move also was met with backlash from critics on Twitter about the controversy surrounding the stablecoin’s lack of an official public audit to confirm the legitimacy of its claims to be backed by fiat. Read whole article...

Alibaba subsidiary Ant Financial has trialled its first blockchain remittances, sending a transaction in three seconds, Bloomberg reports June 25.  The company, formerly known as AliPay, completed a funds transfer between its AliPayHK app in Hong Kong and Filipino payment app GCash, its joint project with local telecoms company Globe Telecom. Read whole article...

BTC is now trading around 6150. It has been around this price for a couple of hours now. It is in a sort of ascending triangle. This could mean a continuation (up). Still we don't trust the current situation at all. We still think it is a bull trap and that we will see big sell coming to destroy a lot of long position. (long positions 55%, short positions 45%). For now the situation is uncertain, make sure you have a stop loss in case price should drop. Support is at 6000, resistance is at 6300. DISCLAIMER : We are not professional traders nor financial advisers. Please invest/trade at your own due diligence! You can't hold us responsible for losing money on trading signals we give you. You and you only take responsibility if you buy crypto and lost on these trades. So do your own research before buying. Our trading  signals are purely informational. 

The second round of China’s state-backed monthly ratings of cryptocurrencies and blockchain projects has been released, Cena News reported June 21. Dubbed the “Global Public Chain Technology Evaluation Index,” this latest round was announced at the Shanghai Science Hall on June 20, and ranks EOS 1st, Ethereum (ETH) 2nd, and Bitcoin (BTC) 17th, out of a total of 30 analyzed cryptocurrencies. Read whole article...

Prominent investors including Ari Paul, the co-founder of BlockTower, a cryptocurrency hedge fund founded by former Goldman Sachs executive, have said that the next mid-term rally will likely be triggered by institutional investors potentially before the end of 2018. Paul said that the last barrier preventing institutional investors from entering the cryptocurrency market is the lack of trusted custodianship and a suite of institutional cryptocurrency products. Upon the completion of Coinbase’s custodian solutions and the approval of digital asset companies to operate as custodians, institutional investors may enter the cryptocurrency market. Read whole article...

You may be asking yourself this question. When does the big money role in to the crypto market and make it huge again like the end of 2017. Well this could be sooner than you think. In July the G20 summit will review the the crypto regulation draft and when approved we could see big investors rolling in. They need clarity about the rules and regulations before they lay their big money on the table. Some say that trillions are waiting to flow in to the market. Maybe this is a little bit over the top but if it is a 100 couple of billions, that's fine too! Also in July the Indian government is going to launch a crypto regulation framework. They already have a draft and will be finalized in July. The same rule applies here, if they don't ban crypto and have a nice set of rules and regulations, new money will flow into the crypto world.

BTC now trading around 6250. Well that has been interesting, we are gone for one day and all kinds of crazy happens. Yesterday bitcoin fell from 6250 to 5850. And now a big green candle up! Be very careful this could be a bull trap. This is not yet a reversal!!. When bitcoin hits the 7000 mark and stays above it then we are sure that the reversal is made. Keep a stop less just in case this is a bull trap. The next resistance is 6300. The support is 6130 but it is not that strong. DISCLAIMER : We are not professional traders nor financial advisers. Please invest/trade at your own due diligence! You can't hold us responsible for losing money on trading signals we give you. You and you only take responsibility if you buy crypto and lost on these trades. So do your own research before buying. Our trading  signals are purely informational.

BTC now trading around 6150. In the weekends there is less trading going on and volume is low. We see that bitcoin is around that 6150 the whole day now. Yesterday bitcoin and the market fell hard. As we told you guys yesterday, bitcoin held its support around 6000. This is still a good support but keep a stop loss in case it will fall because it is very hard to tell what bitcoin will do next after this sideways trend. DISCLAIMER : We are not professional traders nor financial advisers. Please invest/trade at your own due diligence! You can't hold us responsible for losing money on trading signals we give you. You and you only take responsibility if you buy crypto and lost on these trades. So do your own research before buying. Our trading  signals are purely informational.

As bitcoin fell so did the whole market. Some more then others but on average 12%. Are there any reasons for this very red day? It has to do with the Bithumb hack. While the full details of the hack are still being clarified, Bithumb has said there will be “no damage” to its customers, yesterday confirming it will reimburse affected users. The exchange says it is working closely with the Korea Internet & Security Agency (KISA), the Korean Ministry of Science and Technology (MIC), the national police and others to investigate the theft, and says it will undertake “systematic measures” to prevent a repeat of the incident. The total marketcap dropped 26 billion today. Some people out there are panicking and saying (again) "crypto/bitcoin is dead!" Don't believe them, because as we see it bitcoin held its main support. Again and again it has proved that it stands its ground, this indicates that the selling power is almost over. The only way that this support can be bro

The US State Department and South Korea’s Ministry of Science and Technology (MSIT) have resolved to strengthen the two countries’ cooperation in advancing the Fourth Industrial Revolution, at a press conference held in Seoul today, June 22. The so-called Fourth Industrial Revolution has been characterized by the World Economic Forum (WEF) as a series of technological breakthroughs that “will fundamentally alter the way we live, work and relate to one another… [across] the global polity, from the public and private sectors to academia and civil society.” The WEF recognized blockchain’s major role in the Fourth Industrial Revolution as early as 2016. Read whole article...

Users of cryptocurrency Nano who downloaded a new Android app must create a new wallet and move their funds after the discovery of a security vulnerability, according to a June 21 tweet Nano. Developers made an urgent appeal to users June 21, asking them to relocate funds to a wallet which had a different seed Read whole article...

Defunct Bitcoin exchange Mt. Gox has formally entered civil rehabilitation proceedings, officials announced June 22. A statement and accompanying documentation confirm the move, which will see attorney Nobuaki Kobayashi act as civil rehabilitation trustee. Kobayashi was responsible for selling vast tranches of Bitcoin reserves beginning Q4 last year to reimburse Mt. Gox users who lost money in the exchange’s mass hack in late 2013. The sell-offs appeared to have a conspicuous effect on markets, Bitcoin prices tumbling immediately following each transaction, which Kobayashi performed on major exchanges. Read whole article...

BTC now trading around 6150. A big fall from 6650 to 6150... 500 dollar, that is huge! Now we see that bitcoin is at a great support. This support is a big one (see 2nd image). It is a very steep line from 6150 to 6000. It will take a lot of effort and money to break this support. For now we think it can go to 6000 but not below this price. If you buy now it is wise to set a stop loss (5% lower than buy price).  DISCLAIMER : We are not professional traders nor financial advisers. Please invest/trade at your own due diligence! You can't hold us responsible for losing money on trading signals we give you. You and you only take responsibility if you buy crypto and lost on these trades. So do your own research before buying. Our trading  signals are purely informational.

BTC now trading around 6520. As we told you guys in the bitcoin update from yesterday, bitcoin would drop in price. It tried to break the 6700-6800 resistance 3 times and didn't succeed. There is a support around 6450. This is not a big one though. Now we have to wait and see what formation will form next. Just to remind you guys... alts are still tricky and that is still the reason we are not giving a lot of signals. DISCLAIMER : We are not professional traders nor financial advisers. Please invest/trade at your own due diligence! You can't hold us responsible for losing money on trading signals we give you. You and you only take responsibility if you buy crypto and lost on these trades. So do your own research before buying. Our trading  signals are purely informational.

BTC now trading around 6700. Again and again we have tried to break this 6750 to 6800 resistance. Bitcoin is in this ascending wedge and bouncing of this resistance. This could indicate a drop in price again. If the resistance breaks (up) we will see 7100 again. DISCLAIMER : We are not professional traders nor financial advisers. Please invest/trade at your own due diligence! You can't hold us responsible for losing money on trading signals we give you. You and you only take responsibility if you buy crypto and lost on these trades. So do your own research before buying. Our trading  signals are purely informational.

hat appeared to be signs of a rebound over the past day have been quashed this morning when news broke that Korea’s second largest exchange Bithumb had been hacked. Markets tumbled once again, with almost $10 billion being wiped out in half an hour. The fall as usual was led by Bitcoin which dropped $150 and settled at just over $6,600, down 1.6% on the day. Ethereum remained relatively stable and is trading at the same level as yesterday, $520. Altcoins as usual all got battered and a sea of red has now replaced the green that was there a few hours ago. Most are down 3-4% and only a couple or minor tokens are not feeling the selling pressure at the moment. Read more...

With profits soaring for some of the world’s biggest GPU manufacturers, it’s clear to see that crypto mining has had a powerful, and perhaps even a lasting effect on the video card production industry. This sudden and sharp increase can be explained by the growth of cryptocurrency in the last two years, as crypto miners snapped up these GPU chips for use in their mining rigs. It’s almost impossible to believe, but only months ago video card producers were still brushing off miners. Now they embrace this new generation of customers. Read whole article...

After a steady decline in search volume on Bitcoin the past couple of months, it is now growing again. This doesn't mean bitcoin is going to moon but it is a good sign that people are searching bitcoin on Google again.