Ang ripple ay umabot sa 184 porsiyento sa loob lamang ng apat na araw. Sa paglipat na ito, nasira ang linya ng downtrend na may puwersa. Ang downtrend ay tapos na at isang bagong trend ay nagsimula.
Nakumpleto ang paglipat ng katamtaman ang isang bullish crossover at ang RSI ay nakataas sa overbought na teritoryo sa unang pagkakataon simula noong Abril ng taong ito. Habang ang lahat ng ito ay mga positibong palatandaan, hindi namin susubukan na habulin ang rally na mas mataas.

Ang mga mangangalakal ay dapat maghintay para sa rally upang pigilan ang isang araw o dalawa at pagkatapos ay bumuo ng mga bagong posisyon dahil kung ang isang mahabang posisyon ay pinasimulan sa kasalukuyang antas, ang stop pagkawala ay dapat na paraan mas mababa. Samakatuwid, bagaman kami ay bullish sa pares ng XRP / USD, hindi namin dapat magmungkahi ng anumang mahabang posisyon sa kasalukuyang mga antas.

Ang mahalagang antas ng pagbabantay sa baligtad ay $ 0.70, na kumikilos bilang matinding paglaban. Sa anumang pagwawasto, ang linya ng downtrend, na kumikilos bilang isang pagtutol hanggang ngayon, ay magiging isang malakas na suporta.

Pinagmulan

Ang Bitcoin ay nasira sa parehong paglipat ng mga average. Ito ay dapat na ngayon lumipat hanggang sa downline ng linya ng pababang tatsulok, na kung saan ay kumilos bilang isang matigas paglaban. Ang cryptocurrency ay bumaba apat na beses mula sa linyang ito, na gumagawa ng mas mababang antas sa bawat okasyon

Ang pagkakasunud-sunod na ito ay masira kung ang mga toro ay maaaring itulak ang presyo sa itaas ng nakaraang mas mababang mataas na $ 7413.46. Ang ganitong paglipat ay magpawalang-bisa sa pababang tatsulok, na isang bullish sign. Ang positibong pagkakaiba sa RSI ay isa pang indikasyon ng akumulasyon sa suporta.

Ang zone na $ 5,900- $ 6,075.04 ay gaganapin limang beses mula noong Pebrero ng taong ito, na ginagawang isang mabigat na suporta. Ang mga negosyante ay maaaring maghintay para sa malapit na araw (UTC) na higit sa $ 6,600 at bumili ng 50 porsiyento ng nais na paglalaan sa hanay na $ 6,600- $ 6,750.

Hindi namin gustong bilhin ang kumpletong alokasyon sa kasalukuyang antas dahil ang downtrend line ng pababang tatsulok ay maaaring mag-imbita ng pagbebenta ng mga bear. Gayunpaman, habang ang mga presyo ay umangat mula sa mga lows, gusto naming simulan ang bahagyang posisyon dahil ang mga hinto ay malapit na. Ang unang SL ay maaaring itago sa $ 5,900.

Kung ang pares ng BTC / USD ay nakikipaglaban sa linya ng downtrend ng tatsulok, ang mga mangangalakal ay maaaring mag-trail na huminto nang mas mataas. Dapat namin idagdag ang natitirang 50 porsiyento ng posisyon kapag ang presyo ay nagpapatuloy sa itaas ng downline na linya. Ang mga target ay $ 7413.46 at $ 8566.4. Ang aming bullish view ay magiging invalidated kung ang mga bear break ang kritikal na suporta zone.

Pinagmulan

Ripple bounced sharply from $0.27 on September 18 and broke out of the 20-day EMA. Currently, it is facing resistance at the 50-day SMA.


If the bulls break out of the 50-day SMA, the next resistance is at $0.37390. The downtrend line is also located just above this level. If the XRP/USD pair sustains above the downtrend line, we can expect the trend to change from down to up.

If buying dries up at higher levels, the virtual currency might spend some more time inside the range of $0.27–$0.37390. Though the bounce from the lows is a positive development, we shall wait for additional evidence before suggesting any trades on it. 

Source

Poland’s largest bank will launch a blockchain solution for its customer documents via a partnership with UK-based Coinform “in the coming days,” the parties confirmed in a press release Thursday, September 20.

Part of a drive to enhance security of customer data, PKO Bank Polski will use Coinform’s Trudatum to provide blockchain-issued paperwork to its some five million account holders.

“Blockchain offers huge potential to increase competitiveness of the Polish banking sector,” am Marciniak, vice president of the bank’s management board commented.

The plans had originally surfaced in March, with the first issuance set to involve documents relating to the European Union’s PSD2 privacy directive which came into force this year.

The move stands out in the Polish banking industry, which is only beginning to implement blockchain at a time when cryptocurrency businesses in the country continue to complain about hostile treatment from institutions.

“It shows that the Polish financial industry is still open to innovation and sets international trends,” Coinfirm CEO and cofounder Pawel Kuskowski continued.

In May PKO began recruiting startups for its fintech initiative dubbed “Let’s Fintech With PKO Bank Polski!” with the blockchain partnership arising from that initiative.

Executives “search for fintech companies that are ready to pilot their solution and scale their business in partnership with the Bank,” the program’s website explains.

Readmore: https://cointelegraph.com/news/polands-top-bank-to-launch-blockchain-platform-for-document-management-within-days

A majority of circulating Bitcoins (BTC) are stored in investment wallets, according to a new report by cryptocurrency industry and analysis newsletter Diar.

The analysis shows that 55 percent of bitcoins are currently kept in wallets that are valued over $1.3 million,  constituting balances of more than 200 BTC. One third of BTC in those wallets have reportedly never been used in outgoing transactions since the Bitcoin price peak in December 2017, due to “either lost private keys, lowering real supply, or a very strong resolve by cryptocurrency believers.”

Per the study, 27 percent of those wallets continue to accrue more coins. Diar, however, states that those ownerships do not indicate a certain number of individuals, noting that the largest wallets are owned by digital currency exchanges. A $4.2 billion value, or 3.8 percent of the total BTC supply is currently held in the top five wallets administered by crypto exchanges.

87 percent of bitcoins are reportedly kept in wallets with more than 10 BTC, the total value of which make up around $100 billion of the total market capitalization at press time, but only 0.7 percent of all BTC addresses. 62 percent of all outstanding BTC is stored in wallets with over 100 BTC, representing a mere 0.1 percent of all addresses.

Readmore: https://cointelegraph.com/news/report-majority-of-circulating-bitcoins-stored-in-investment-wallets

China’s central bank, the People’s Bank of China (PBoC), has today, September 18, issued a new public notice “reminding” investors of the risks associated with Initial Coin Offerings (ICOs) and crypto trading.

The notice, released from the bank’s headquarters in Shanghai, reiterates the severe line that has been adopted by the country’s Office for Special Remediation of Internet Financial Risks, which first introduced a blanket ban on ICOs in September 2017.

Today’s notice censures the “unauthorized” and “illegal” ICO financing model for posing a “serious disruption” to the “economic, financial and social order”:

Readmore: https://cointelegraph.com/news/chinas-central-bank-warns-investors-of-ico-crypto-risks

If you have ever encountered the word ‘cryptocurrency’ or ‘bitcoin,’ there is a solid chance that within the same paragraph or even sentence the word ‘bubble’ could also be found. Bubble has indeed become a shibboleth for crypto sceptics, especially after the market soared at the end of 2017, and the widening gap between valuation and intrinsic value of digital currencies and tokens became ostensible to many.

Yet not all bubbles are created equal: some bubble-framed references and metaphors tend to surface more frequently in media space than others. Perhaps the crypto’s most conspicuous historical analogy is the dot-com bubble of the early 2000-s – and quite understandably so. There is almost irresistible temptation to draw parallels between the burst of the booming market that emerged around early applications of a disruptive communication technology, and the highly volatile market that emerged around the blockchain ecosystem.

The recent slump in crypto prices has only made face similarities more pronounced. As Bloomberg reported earlier this week, VanEck’s MVIS CryptoCompare Digital Assets 10 Index, which tracks the prices of top ten digital assets, went down 80 percent compared to its January high. Symbolically, this development is now more dramatic than the Nasdaq Composite Index’s 78 percent nosedive at the height of the dot-com crash. The overall market cap dipped below $200 billion, shrinking by a factor of more than three from the all-time high. Does this mean that crypto market is doomed to follow the pattern of the early internet boom’s infamous explosion?

Readmore: https://cointelegraph.com/news/irrational-exuberance-revisited-is-crypto-the-new-dot-com-bubble

The World Economic Forum (WEF) foundation has outlined more than 65 blockchain use cases for solving the “most pressing” environmental challenges, in a report published September 14.

In the report, titled “Building Block(chain)s for a Better Planet,” the Switzerland-based WEF has highlighted a large number of blockchain applications that could be used to help solve the world’s most pressing environmental challenges.

The proposed applications, according to the WEF, can enhance the environment protection efforts in several ways, such as new financing models for environmental outcomes, the realization of non-financial value and natural capital, outlining more efficient and cleaner decentralized systems, and others.

In addition to the potential for improving existing processes, the report also mentions the possibility of introducing completely new blockchain solutions – so-called “game changers” – that are expected to completely transform the way major environmental issues are managed.

Readmore: https://cointelegraph.com/news/world-economic-forum-outlines-over-65-blockchain-use-cases-for-environmental-protection