It seems that Ripple has a new adversary since last month when DRIVE Markets was first created. The new company is set to offer services such as crypto exchanges and a payment system.

Initially, the company offered forex services for the investors but now, clients can either use DRIVE Pay or DRIVE Banking, which are services especially created for payments and transfers of money.

The new partnership with Bitcoin SV will be considerably important for the platform’s growth as the company did not have any kind of partnership like this so far.

Trying To Overcome Ripple
The CEO of DRIVE Markets, Kate Hiscox, has already affirmed that a big part of the company’s goals are to promote and improve their products, partly because they want to beat Ripple in the markets that they are trying to compete. The addition of DRIVE Banking and DRIVE Pay will be important in this regard.

With the new partnership, the company affirmed that they have finally found a reliable partner that can help in their mission. According to members of the company, they were persuaded by the new partner with their BSV adoption road map, which taught them a lot about the technology and its potential.

The current ambition of Drive Pay is to become the service that will topple Ripplenet and its services like xRapid, xVia and xCurrent. They want to “avoid the bottlenecks” which are currently faced by Ripple and offer the best possible product.

According to DRIVE Markets, the goal of DRIVE Pay is to solve problems created in cross border payments using cryptocurrencies. The company knows that the trades can be less seamless than expected, so it is focused on offering a solution for the traders interested in doing it.

Since the company already owns a crypto exchange for forex traders, the focus on cross-border transfers is obviously very strong and the company already has several clients which have a big volume of trades.

DRIVE Banking, on the other hand, will be mostly used by the banking industry and will have its own DRV token. The service will be similar to Ripple because it will also cater to banks which want to make cross-border transfers, especially within their own institutions.

Finally, DRIVE Pay was created to use the Bitcoin SV ledger in order to, in a similar fashion to XRP, make cross-border transfers. This means that banks will have their own solution for trading with other branches and people and institutions can use DRIVE Pay.

The Partnership With Bitcoin SV
Obviously, BSV will be a huge part of DRIVE Pay. Because of this, the company has to face the obvious criticism for using a token which such a controversial community.

BSV was recently delisted from Binance, the largest exchange in the world, so the company had to comment about it. According to the CEO of the company, exchanges should be neutral when it comes to the day to day activities of the communities, so they were against the delisting.

Bitcoin SV is a hard fork of the Bitcoin Cash (BCH) network and it was hard forked in November last year. The two most public faces of the token are Craig Wright and Calvin Ayre, which are deemed as very controversial figures in the industry.


source: https://bitcoinexchangeguide.com/ripples-competitor-drive-partners-with-bitcoin-sv-bsv-to-use-crypto-as-a-bridge-currency/

Quote from: Tonymillee on May 07, 2019, 10:46:57 AM

I must say that i am loosing fate in altcoins. i wonder why it will took ages for these things to get a balance in the market. 90% of all the altcoins i hold plummeted right from the very first day it dropped into my wallet. None has increased in price expect CHT(counting house fund) and AEN. the rest keeps going down without any sign of increasing or stablizing. my next action on altcoins is:
any token not in first 200 coins in the coinmarket is leaving my wallet and i am serious about it.

This means that we cannot trust any coin which is not listed in coinmarket cap?

50% you also need to believe in potential new coins but we must really understand and know which coins will last or not
if you are not sure, never try a large amount

The entire crypto community of traders, analysts, and investors alike are all watching Bitcoin closely, as the digital asset reaches an important inflection point in its life as a financial instrument. As traders seek to predict not only the direction of Bitcoin price, but the price target itself, oftentimes a chart will be turned upside-down to gain an unbiased and unfiltered look at support and resistance levels, as well as any patterns that may be playing out.

One particular analyst has flipped a high-timeframe Bitcoin price chart on its head, hoping to glean additional insight from it. According to the “support” levels, which are actually resistance levels, the trader says Bitcoin “is heading to at least $6,130.”

Analyst: Bitcoin Price Is Headed to $6130, Can’t Convince Me Otherwise
Bitcoin is close to putting the final nail in the bear market coffin, and is potentially entering either an accumulation phase or the beginning stages of a new bull trend. With fear and panic still felt throughout the market, crypto investors are in disbelief.

The gain more confidence, traders take to charts in order to help to determine and predict price movements. Occasionally, more advanced chartists will turn a price chart upside-down to try and remove any existing bias from the new perspective.

Related Reading | Sell in May and Go Away? A Look At Historic Bitcoin Price Performance in May

Prominent crypto analyst Josh Rager has shared such an inverse chart via Twitter, and on it clearly demonstrates powerful “support” at roughly $6,137. The trader claims that from the looks of it, Bitcoin price is headed to “at least $6,130,” and that it would be hard to convince him otherwise

https://twitter.com/Josh_Rager/status/1125474350361137152

At that level, the analyst expects Bitcoin to bounce at “support” around $6,000. He further predicts that a pullback to $4,100 – the last level of powerful resistance Bitcoin broke through to spark a massive $1,000 early April rally – is possible if Bitcoin makes a correction before moving up further.

At that level, he says “you know what to do,” suggesting that it is now time to start buying dips, further hinting that a bull run could be beginning.

Both areas on the chart posted by Rager show high volume nodes at each key price level, suggesting that this is where there is much liquidity to be tapped into for traders

Resistance at $6,000 will be difficult to break through, as Bitcoin bounced off the price level as support multiple times throughout the bear market. It wasn’t until that support broke in November 2018, when Bitcoin fell to its ultimate bear market bottom at $3,150.

Bitcoin is now valued at nearly double in price from its bear market low, causing most of the cryptoshere to consider the bear market over.

source: https://www.newsbtc.com/2019/05/08/analyst-inverse-bitcoin-price-chart-points-to-bitcoin-reaching-at-least-6130/

Litecoin price failed to gain strength above the $80.00 resistance against the US Dollar. LTC started a fresh decline and it could even break the $70.00 support in the near term

- Litecoin price failed to break the $80.00 barrier and declined recently (Data feed of Kraken) against the US Dollar.
- There is a major bearish trend line formed with resistance near the $77.60 level on the 4-hour chart.
- LTC price recently declined below the $74.80 support and a connecting bullish trend line.

Litecoin Price Analysis (LTC)
This past week, there were strong gains in bitcoin, but most altcoins such as Ethereum, EOS, ripple, litecoin and others struggled against the US dollar. The LTC/USD pair faced a strong selling interest near the $80.00 resistance and recently started a downward move.



Looking at the 4-hour chart, LTC price topped near the $81.50 level and later declined sharply. There was a break below the $78.00 and $76.00 support levels to push the price back in a bearish zone.

During the decline, the price traded below the $74.80 support and a connecting bullish trend line. Moreover, there was a close below the $75.40 support and the 100 simple moving average (4-hour).

Besides, there was a clear break below the 50% Fib retracement level of the last wave from the $65.23 low to $81.48 high. The price declined below $72.50 and recently tested the $71.20 support area.

It seems like the 61.8% Fib retracement level of the last wave from the $65.23 low to $81.48 high is currently acting as a support. If there is a downside break below $71.20, there is a risk of more losses below the $70.00 support level.

The next key support is near the $68.00 level, where the bulls may appear. On the upside, there is a major bearish trend line formed with resistance near the $77.60 level on the same chart. To start a fresh increase litecoin price must break the $74.80 and $77.60 levels. As long as LTC is below $74.80, there is a risk of more losses below $70.00.

source: https://ethereumworldnews.com/litecoin-ltc-price-analysis-risk-of-downside-extension-below-70/

Untuk sementara waktu, Bitcoin tampaknya berada di ambang pelarian bull. Ini telah membuat banyak investor bersemangat untuk melihat yang terjadi saat ini, tetapi beberapa orang memiliki harapan yang berbeda.

MagicPoopCannon adalah seorang analis Twitter tentang segala sesuatu yang berhubungan dengan crypto dan telah memberikan pemikirannya kepada para pengikutnya untuk saat ini.

Menurutnya, Bitcoin tidak ke mana-mana! Ini mungkin sulit didengar oleh banyak dari Anda (termasuk kami) tetapi ini hanya satu pemikiran analis.

Sebelum kita melangkah lebih jauh, ada baiknya mengatakan bahwa kita bukan investor keuangan dan ini bukan nasihat keuangan. Silakan lakukan riset Anda sendiri sebelum memasukkan uang Anda ke dalam cryptocurrency dan selalu ingat untuk melakukan trading dengan aman


untuk membaca  artikle asli  di : https://kabarcoin.com/bull-run-bitcoin-tidak-akan-terjadi/

Ripple price is currently trading in a range against the US Dollar, but lost ground vs bitcoin. XRP might start a strong upward move if it clears $0.3020 and $0.3040.

Ripple Price Analysis
In the past two days, there was a steady decline in ripple price from the $0.3089 swing high against the US Dollar. The XRP/USD pair broke the $0.3040 and $0.3000 support levels. It even broke the $0.2980 level and tested the next key support near $0.2950, where buyers emerged. The 50% Fib retracement level of the upward move from the $0.2834 low to $0.3089 high also acted as a support. As a result, there were a couple of swing moves and the price remained above the $0.2950 support.

On the upside, an initial resistance is near $0.2985, and the 23.6% Fib retracement level of the recent decline from the $0.3089 high to $0.2951 low. However, the main resistance is near the $0.3000 and $0.3010 levels. There is also a declining channel in place with resistance near $0.3010 on the hourly chart of the XRP/USD pair. Above the channel resistance, the $0.3020 level could prevent gains. It represents the 50% Fib retracement level of the recent decline from the $0.3089 high to $0.2951 low.

If there is a successful close above $0.3000 and $0.3020, the price could start a strong upward move. The next resistance is near $0.3040, above which the price may revisit the $0.3089 swing high. On the downside, the $0.2950 support holds the key. If there is a bearish break below $0.2950, the price may perhaps decline sharply towards $0.2900 or $0.2880.



Looking at the chart, ripple price is likely to grind higher considering the current market sentiment for bitcoin. A few other altcoins are gaining momentum, therefore, XRP price might also start a decent upward move. Having said that, the bulls need to pierce the $0.3020 resistance with a follow through above $0.3040 to challenge the $0.3100 or $0.3120 level.

Technical Indicators
Hourly MACD – The MACD for XRP/USD is slowly moving in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is still below the 50 level, with a minor bearish angle.

Major Support Levels – $0.2960, $0.2950 and $0.2910.

Major Resistance Levels – $0.3000, $0.3020 and $0.3040.

source: https://www.newsbtc.com/2019/05/03/ripple-xrp-price-bounce-to-0-3100/

Ripple price is trading with a positive bias above key supports against the US Dollar, but struggling vs bitcoin. XRP could bounce back as long as it is holding the $0.2950 support.

Ripple Price Analysis
Yesterday, we saw a nice upward move in ripple price above the $0.2950 and $0.3000 resistances against the US Dollar. The XRP/USD pair gained traction and broke the $0.3050 level as well and settled above the 100 hourly simple moving average. It traded close to the $0.3090 level and formed a new swing high near $0.3088. Later, it started a downside correction and traded below the $0.3050 support. There was a break below the 23.6% Fib retracement level of the last wave from the $0.2835 low to $0.3088 high.

The price even cleared the $0.3000 support level and tested the main $0.2950 support level. Besides, the 50% Fib retracement level of the last wave from the $0.2835 low to $0.3088 high prevented losses. The price is currently moving higher and trading well above $0.2950. There is also a key bullish trend line in place with support near $0.2965 on the hourly chart of the XRP/USD pair. The pair seems to be well supported near $0.2960 and $0.2950. Besides, the 100 hourly SMA is also positioned near the $0.2950 support area.

On the upside, an initial resistance is near the $0.3000 level, above which the price may test $0.3020. However, a successful close above $0.3050 will most likely set the pace for more gains above the $0.3100 resistance level. The next key resistances are near $0.3120 and $0.3125



Looking at the chart, ripple price is clearing trading above the key $0.2960 and $0.2950 support levels. If there is a downside break below the $0.2950 support and the 100 hourly SMA, the price could move into a bearish zone. An immediate support is near the $0.2910 level, below which the price may revisit the $0.2850 support level in the near term.

Technical Indicators
Hourly MACD – The MACD for XRP/USD is slowly moving in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently below the 50 level, but it is holding the 40 level.

Major Support Levels – $0.2960, $0.2950 and $0.2910.

Major Resistance Levels – $0.3020, $0.3050 and $0.308


source: https://www.newsbtc.com/2019/05/02/ripple-xrp-price-holding-key-support/

Ripple price starts a decent rebound against the US Dollar, along with bitcoin. XRP is currently trading with a positive bias and looks set to test the $0.3200 barrier.

Ripple Price Analysis
After a major drop, ripple price formed a strong support above the $0.2850 level against the US Dollar. The XRP/USD pair slowly climbed above the $0.2880 and $0.2900 resistance levels. Later, there was a close above the $0.2920 resistance level and the 100 hourly simple moving average. Besides, the price cleared the 61.8% Fib retracement level of the drop from the $0.3082 high to $0.2798 low. It opened the doors for more gains and the price spiked above the $0.3080 level.

A high was formed near the $0.3088 level and the price is currently consolidating gains. Furthermore, there is a short term breakout pattern forming with resistance near $0.3085 on the hourly chart of the XRP/USD pair. Below the triangle support, the 23.6% Fib retracement level of the recent wave from the $0.2836 low to $0.3088 high might act as a support. The next key support is near the $0.2960 level. The 50% Fib retracement level of the recent wave from the $0.2836 low to $0.3088 high is also near the $0.2960 level.

On the upside, a break above the $0.3085 and $0.3100 levels is likely to open the doors for more gains. The next key resistance is near the $0.3160 and $0.3175 levels. Above these, the price is likely to grind further higher towards the $0.3200 resistance level.



Looking at the chart, ripple price clearly climbed higher and it is currently consolidating gains above $0.3000. In the short term, there could be a downside correction towards $0.3000 or $0.2960. There is also a connecting bullish trend line in place with support near the $0.2960 level on the same chart. Therefore, dips remain well supported close to the $0.2960 level. To the topside, the main target for the bulls could be $0.3200 or even the $0.3220 pivot level.

source:https://www.newsbtc.com/2019/05/01/ripple-xrp-price-appreciation-btc-eth-jumps/