Re: Bitcoin news

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mlawson71 wrote: Tue Apr 24, 2018 11:43 pm Crypto exchanges operating in the EU will have to be registered with the relevant authorities and will be required to introduce customer due diligence procedures, including ID verification.
This became clear after the European Parliament’s members voted to support an agreement with the European Council.
The agreement represents the latest update of the EU Anti-Money Laundering Directive and the introduced measures aim to prevent the use of cryptocurrencies in money laundering and terrorism financing.
I predicted something similar in my previous post… I feel like a prophet now :D
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BTCUSD in weak momentum

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BTCUSD in weak momentum in short-term; descending triangle still holds


BTCUSD is moving sideways with weak momentum in a descending triangle pattern over the last eight months with a strong support obstacle being the 5780 barrier. The price found significant resistances on the 20- and 40-simple moving averages (SMAs) in the daily timeframe, over the last couple of weeks and has failed to create a rally above them.

In the short-term, the RSI indicator is moving slightly below the neutral threshold of 50 with weak movement, while the MACD oscillator is flattening around its trigger and zero lines, indicating that the pattern may stay in place for the next few sessions.

In case of a bearish move the price could challenge the 6020 support level before stretching south towards the 5780 barrier. A successful penetration of this hurdle would turn investors’ attention towards the 4890 support level, identified by the high of September 2014. A step lower could enhance the bearish sentiment, sending the price probably towards 2974, identified by the low of September 2017.

An alternative scenario is a surpass of the 20- and 40-SMAs which are acting as significant resistances at 6410 and 6470 respectively at the time of writing. If the bulls take the reins, BTCUSD could rise until the 6760 resistance level, penetrating the descending trend line to the upside. Steeper increases could also touch the 7355 barrier shifting the long-term bearish outlook to a more neutral to bullish one.

In the medium-term picture, the price remains in a bearish mode as it holds in a descending reversal pattern, which suggests that the next move could be to the downside rather than to the upside.

Source: https://www.xm.com/technical-analysis-b ... olds-87676
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Re: Bitcoin news

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ForexinDevon wrote: Mon Oct 29, 2018 4:25 pm Yeah I like Bitcoin, plus it is kind of personal against it now haha
Volume is fine on weekends, I trade it on mt4
Wow. The spreads are extremely high and the pip value against volatility is rather bad. The circumstances are very trader-unfriendly. Respect when you stay green in that trading surroundings.

Re: Bitcoin news

59
Krelian99 wrote: Mon Oct 29, 2018 7:19 pm

Wow. The spreads are extremely high and the pip value against volatility is rather bad. The circumstances are very trader-unfriendly. Respect when you stay green in that trading surroundings.
Yes it is not easy but large gains can be made! I use JAFX as their spreads are ok, even on BTC>

Janet Yellen owns $20 worth of BTC

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Former Fed Chair Janet Yellen Is Now a Bitcoin Owner


She may not be "fan" of bitcoin," but former Federal Reserve chair Janet Yellen now has a small amount of BTC in her possession.

On Monday, Yellen explained why she believes bitcoin is not a useful form of currency during an appearance at the Canada Fintech Forum. The former chairperson of the U.S. central bank has struck critical tones in the past toward cryptocurrency, but elsewhere had said she views blockchain as an "important technology."

A day later, according to an email obtained by CoinDesk, Raz Suprovici, the founder of bitcoin gifting service Biterica, sent Yellen 0.0031642 BTC – or roughly $20 – by way of her University of California Berkeley e-mail address.

Read more: https://www.coindesk.com/former-fed-cha ... oin-owner/
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