CRYPTOCURRENCY NEWS

XRP/BTC: Short-Term Buy // -- Discuss and ask questions in our community on Workplace . Don't have an account? Send Jonas Borchgrevink an email -- // XRP/BTC, 4-Hour Chart Analysis XRP’s price moved above the 0.000115 BTC level in active trading this morning, triggering a buy signal with a stop below the prior swing low below 0.0001. The move comes after a more than one-month-long consolidation, which brought the pair down by more than 60%. The primary target for the move is at 0.000145 and at 0.00016, and a re-test of the prior high at 0.00024 is also in the cards in the coming weeks. Ripple trades in a volatile fashion during its moves, so trading sizes should be controlled, as 20-30% daily moves are not uncommon for the currency. Longer term positions could also be opened here with a stop under the key 0.00009 level, that served as a base in the recent consolidation. The MACD produced a buy signal today after an extended period of neutral readings. Ripple is also breaking ...

One of the keys to sustainability in any investment is diversification. Even if you’re dealing with extremely risky assets, just having an even mix of them is enough to bring your level of risk down drastically. // -- Discuss and ask questions in our community on Workplace . Don't have an account? Send Jonas Borchgrevink an email -- // This is why index funds and ETFs work so well. They invest in lots of different assets within a specific sector so as long as that part of the economy keeps growing at a normal pace, you’ll see decent returns. After the recent “Tech tantrum” that saw the Nasdaq fall 238 points in a single day, investors want to take this opportunity to find out how to strengthen their respective portfolios. Mostly, what they’re finding is that the big tech names have been dominating investment portfolios. Such that a single investor may have lots of different investments that all hold the same four stocks as their main holding. For clients in eToro who have ma...

Litecoin: Long-Term Buy (Update) // -- Discuss and ask questions in our community on Workplace . Don't have an account? Send Jonas Borchgrevink an email -- // Litecoin, 4-Hour Chart Analysis LTC finally broke-out of its long-term consolidation pattern on Friday and surged to new highs above the $38 level. Liteocoin hit the $44 initial target of our recommendation during the weekend rally, and rose above $50 before entering a brief correction. We closed our recommendation thanks to the surge, but the long-term prospects of the currency remain positive, and investors could still keep a part of their trading position to ride the wave higher while holding on to a core investment position as well. We suggest reducing the trading position size by at least 50%, as the short-term chart shows overbought readings after than more than 50% rally.  A final target for the move could be the range-projection level at $58, with a possible spike up to the upper resistance level of the long-ter...

Tuesday Market Recap Asset Current Value Daily Change S&P 500 2443 -0.17% DAX 12847 -0.28 WTI Crude Oil 43.12 -2.92% GOLD 1244.00 -0.20% Bitcoin 2643 2.13% EUR/USD 1.1125 -0.20% Crude oil trades on a new 8-month low today, as the growing US and global supply, the OPEC-related wows , and the mounting economic worries all weigh on the price of the most traded commodity. The WTI contract trades at $43 per barrel, and that dominates today’s market together with the Pound’s weakness as stocks and currencies are mostly quiet once again. The GBP got hit hard after the speech of BOE Governor Carney who cooled down the rate hike expectations that got a boost after last week’s split vote on the central bank,s monetary meeting. US and European equities are slightly lower while the Japanese market is still strong as the Yen continued to slide lower against the USD during the Asian session. // -- Discuss and ask questions in our community on Workplace . ...

Large-volume speculation has become the reason for Ethereum’s price fall of more than 50 percent. Is the price going to fall again? USDT/ETH Profitable situation for the bears The fact that more than 80 companies have joined the Enterprise Ethereum Alliance (EEA) is definitely good news for the Ethereum community. Many understand this and expect a consequent reaction in the price. But news cannot be a decisive factor in trends. That is exactly because the current situation is profitable for the people looking to take their profits. The large volume of buy deals at the peak of the trend is a great opportunity for big sell deals. The upward trend, as mentioned last week , is over. The leading factor is big sell deals at the peak, during which the price broke through an important resistance line. All...

Bitcoin exchanges in South Africa including Luno, one of the most widely utilized trading platforms in the country, stated that Bitcoin earnings are taxable in South Africa. When trading, the exchange suggested users consult registered tax professionals to ensure that they are compliant with South African regulations. Should the tax on Bitcoin be eliminated? Most countries that have fully adopted and regulated Bitcoin such as Japan have eliminated the tax on Bitcoin trading. On April 1, Japan officially declared Bitcoin’s exemption from consumption tax and eliminated the possibility of double taxation on trading. Recently, the Australian government also exempted Bitcoin trading from goods and services tax (GST). “The Government has released a consultation paper on changing the GST treatment of digita...