Tether Announces New Banking Partnership with Deltec

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Bitcoin Price Watch: BTC/USD Targets Fresh High Above $6,400

Key Points

  • Bitcoin price gained traction and moved above the $6,335 and $6,350 resistances against the US Dollar.
  • There was a break above a key bearish trend line with resistance at $6,345 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The price is currently correcting lower, but there are decent supports near $6,345 and $6,325.

Bitcoin price is gaining upside momentum against the US Dollar. BTC/USD could dip a few points before it climbs above the $6,380 and $6,400 levels.

Bitcoin Price Analysis

Yesterday, we saw a decent upside move from the $6,220 swing low in bitcoin price against the US Dollar. The BTC/USD pair moved higher and traded above the $6,300 and $6,325 resistances. Later, there was a minor downside correction and the price tested the $6,290 support, which was a resistance earlier. The price bounced back again and traded above $6,335 and the 100 hourly simple moving average.

The upside move was strong as the price traded close to the $6,380 level. Moreover, there was a break above a key bearish trend line with resistance at $6,345 on the hourly chart of the BTC/USD pair. The pair traded as low as $6,379 and it is currently correcting lower. Sellers pushed the price below the 23.6% Fib retracement level of the recent wave from the $6,291 low to $6,379 high. At the moment, the broken trend line is acting as a support near $6,345-50. Below this, the price could test the 50% Fib retracement level of the recent wave from the $6,291 low to $6,379 high at $6,335.

Bitcoin Price Analysis BTC Chart

Looking at the chart, bitcoin price is pointing positive signs above the $6,325 and $6,335 levels. If there is an upside break above $6,380, the price will most likely surpass $6,400 for more gains.

Looking at the technical indicators:

Hourly MACD – The MACD for BTC/USD is slightly placed in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI is placed above the 50 level.

Major Support Level – $6,335

Major Resistance Level – $6,380

摩根士丹利仍在努力搞懂比特币







像很多很晚才开始了解到加密货币的人一样,摩根士丹利并不懂比特币是怎么一回事。这家投资银行懂货币,除了是对点对数字现金的货币。银行关于加密货币生态系统的最新报告显示,银行对比特币的立场正在发生转变。
推荐阅读:摩根大通啪啪打脸:申请区块链专利

摩根士丹利的“演变理论”相当于“我们错了”

morgan-stanley投资者虽然不像央行一样厌恶风险,但仍对加密货币持保守态度。比特币诞生十年他们才开始认真关注这个数字资产类别。10月31日在其关于比特币、加密货币区块链的报告中,摩根士丹利在报告开头谈到了比特币和加密货币迅速“演变的理论”。考虑到今年初发布的上一份报告以及这期间比特币几乎没有任何变化,这应该可以理解为银行在变相的说我错了。

报告《比特币解密:一个简短的专题讨论和启发》列出了比特币至少7个阶段,摩根士丹利认为加密货币在这些阶段发挥着不同的作用。第一个阶段是从2009年到2016年,比特币被用作为数字现金,同时,比特币还是“对抗当下金融系统和央行的手段”,是“当前支付系统”的替代方案。虽然比特币有很多应用,但是,大量加密货币支持者都会对这样的说法提出异议:比特币用作为数字现金实际上在2016年已经终结。

从“没有内在价值”到“新的机构投资类别”

thought-about-thinking-1000x500-300x150根据10月31日的报告,摩根士丹利目前对比特币和加密货币的理解是,这是一项“新的机构投资类别,”时间从2017年至今。比特币适合作为一项投资工具,许多坚定的支持者多年来都知道这点,他们对此深信不疑,这让他们获得了1000%的回报。相比之下,1年前才得出这个结论的机构投资者,亏损了10%。

摩根士丹利现在对比特币的理解与今年1月报告里理解的有很大的不同。接着,这家银行称,比特币是一项“具有争议的资产”,并在仔细考虑这也许是一个“新的货币、新的黄金,还是一股投机的浪潮?”1月份的报告表示,要部署自己版本的区块链而不是比特币,“虽然比特币和其他加密货币的未来仍有待观察,但是它们背后的原理和技术可能会影响未来创新的发展。”

这个观点与最新报告里的观点形成了鲜明的对比,最新的报告称,区块链技术在金融领域的应用“大部分都不清楚”。而1月的报告里摩根士丹利称,“加密货币仍然是一个试验性的概念,未受到全球各地的央行监管或支持,没有任何内在价值”。短短10个月时间,摩根士丹利的比特币“演变理论”发生了巨大的变化。但是,比特币并没有发生过改变。

发文时比特币现金(BCH)的价格是:¥ 2942.45

你怎么看摩根士丹利关于比特币的演变理论?欢迎在下面留言评论。


图片来源:Shutterstock。


需要换算你持有的比特币?可点击使用我们的工具

原文链接:https://news.bitcoin.com/morgan-stanley-is-still-struggling-to-understand-bitcoin/
作者:Kai Sedgwick
翻译:Bitcoin.com







New Zealand’s Financial Authority Blacklists Three Local Crypto Platforms

The Financial Markets Authority (FMA) of New Zealand has added three new crypto-related websites to its list of online scams, an announcement by the FMA reveals Thursday, Nov. 1.

On Nov. 1, the FMA listed three companies — Crypto Gain, Russ Horn, and Zend Trade — on its “scam” list, where citizens are warned about the potential risk of dealing with certain websites.

In regards to Crypto Gain, the FMA states that the company is posing as a New Zealand company with the same name without permission to do so, noting:

“The website www.cryptogainlimited.com is not associated with, nor a representative of, the New Zealand registered company Cryptogain Limited.”

Crypto Gain Limited (not to be confused with the other Crypto Gain — a desktop app to track one’s crypto assets) claims on its website that it has a certificate of incorporation granted by local authorities in August 2017. According to the website, the company provides consulting services for those who are new to crypto trading.

Earlier in October, the FMA had blacklisted several other crypto-related companies. Fix Club Limited, a crypto trading platform, was mentioned because of false claims that it belonged to the New Zealand regulated crypto area. Bitcoin Revolution Trading was listed for reportedly claiming that country’s current or former prime ministers and Treasury officials were investing in Bitcoin (BTC).

As Cointelegraph previously wrote, rumors spread on social media in late 2017 that former New Zealand Prime Minister Sir John Key held $300 mln in BTC from his initial investment of $1,000. However, Key denied all the allegations, revealing that the initial piece was posted by a fake website pretending to be the New Zealand Herald — the largest newspaper in country.

New Zealand’s police have also warned citizens about crypto-related online scams in September, shortly after an investor lost $320,000 NZD ($213,000 USD) to crypto fraudsters. “Members of the public should seek advice before making any online investments they are unsure of,” the police sergeant said at the time.

Philippines Grants Hong Kong Firm Crypto Exchange License

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Bitcoin (BTC) Price Analysis – November 2

Bitcoin, BTCUSD, CryptoCompare chartBitcoin Chart by Trading View

BTCUSD Medium-term Trend: Bullish

Resistance levels: $7,000, $7,200, $7,400

Support levels: $6,300, $6,100, $5,900   

The price of Bitcoin is in a bullish trend. Since on October 15, the crypto’s price was range bound above the $6,500 price level. On October 29, it broke out from the range bound movement and fell to the low of $ 6,300 to commence another range bound movement. Today, from the price action, Bitcoin is in a bullish trend but price is within the bearish trend zone. 

The price of  Bitcoin is below the 12-day EMA and 26-day EMA which makes it look bearish. But if the bullish trend continues, the price will fall within the bullish trend zone. However, the stochastic indicator confirms a bullish trend. The Stochastic indicator had previously shown that Bitcoin as being oversold. That is, the momentum was strong on the downward trend.

Today, it shows that Stochastic is above 20. That is the bearish trend is reversing as the blue band of the indicator is above the red band. Secondly, the bands are out of the oversold region of the chart. Nevertheless, if the BTC price breaks the resistance levels of $6,600 and $6,800, the price will rally at $7,400.

 BTCUSD Short-term Trend: Bullish    

Bitcoin, BTCUSD, CryptoCompare chartBitcoin Chart by Trading View
      

On the short term trend, Bitcoin is in a bullish trend.  The Stochastic indicator is above 80. This explains that the bullish trend is strong. There is the tendency that price is likely to close near the top and continue its bullish movement. The crypto’s price can probably reach the highs of $6,800 and $7,400 price levels

 

 The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.