Monthly Archives: May 2019

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Bitcoin to resume growth once the short-term correction is over

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Bitcoin to resume growth once the short-term correction is over

Bitcoin to resume growth once the short-term correction is over

  • Bitcoin settles at $7,000 after a strong weekend rally.

  • Critical support is seen at $6,500.

BTC/USD hit $7,582 on weekend. This is a new 2019 maximum and the highest level since September 2018. While the coin has retreated to $7,000 by the time of writing, the long-term trend remains strongly bullish with the next focus as high as $8,000.

Looking technically, BTC/USD broke above SMA200 on a weekly chart. The price moved above this technical barrier for the first time since November 2018. While this development can be interpreted as a bullish signal, traders should pay attention to some bearish signs – like weekly RSI reversed to the downside – that imply some short-term correction from an overbought territory. However, the bullish trend is intact as long as the price stays above $6,600-6,500 area supported by SMA200 weekly (currently at $6,590).

On the intraday charts, the local support comes at $6,750 (the middle line of 4-hour Bollinger Bands), once it is cleared the sell-off may be extended towards the above said $6,600 barrier and $6,200.

On the upside, we will need to see a sustainable move above $7,100 strengthened by the intraday low and the middle line of 1-hour Bollinger Band, for the recovery to gain traction. Ultimate resistance lies with $7,500 followed by he recent high of $7,582.

BTC/USD, 1-day chart

 

 

Tanya Abrosimova

FXStreet

 

Alan Zibluk Markethive Founding Member

Markethive

Bitcoin jumps to nine-month high as cryptocurrencies extend rebound

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Bitcoin jumps to nine-month high as cryptocurrencies extend rebound

Bitcoin jumps to nine-month high as cryptocurrencies extend rebound

The price of Bitcoin, the biggest cryptocurrency, has more than doubled since its Dec. 14 trough and is now rising for a sixth-straight day on Bitstamp.

Bitcoin surged to the highest level since August, as cryptocurrencies extended their rebound from a slump last month amid the New York attorney general’s investigation of a key part of the market.

Bitcoin rose as much as 6.9 per cent to $7,445, before trading at $7,341.37 as of 7:45 a.m. Hong Kong time on Sunday, according to Bitstamp. All five members of the Bloomberg Galaxy Crypto Index are up more than 10 per cent since Friday, based on pricing from Bitstamp and Bitfinex.

The price of Bitcoin, the biggest cryptocurrency, has more than doubled since its Dec. 14 trough and is now rising for a sixth-straight day on Bitstamp. The decade-old token surged as intensifying trade tensions hammered global stocks in the past week to set fresh milestones for Bitcoin’s wild ride after it crashed last year from 2017’s peak above $19,000.

Virtual currencies slumped last month as New York Attorney General Letitia James alleged an $850 million coverup by the companies behind virtual currency Tether and Bitfinex — one of the world’s largest crypto exchanges. The Bloomberg Galaxy Crypto gauge tumbled 11% in the week to April 26 for its biggest one-week slide this year.

 

Garfield Reynolds | Bloomberg

Last Updated at May 12, 2019 08:53 IST

Alan Zibluk Markethive Founding Member

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Bitcoin – Crucial weekly close for the bulls

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Bitcoin - Crucial weekly close for the bulls

Bitcoin – Crucial weekly close for the bulls

  • BTC at a crucial spot in its journey to the North.

  • Weekly close above key resistance would be final nail in the bears' coffin.

Bitcoin, the poster boy of the cryptocurrency world has given yet another breakout on the daily and weekly charts, which would only be long term positive in its journey to the North after a tumultuous past that saw prices crash like nine pins.

BTC/USD is up more than three percent on day at $6,546 in about four percent range for the day. Saturday's rally is supported by a breakout of a horizontal resistance line drawn from February 2018 low that broke down in November which resulted in prices nearly halving within a month.

Now that the price of the largest crypto coin is back above this key resistance line, all that the bulls need is a close above this key resistance line, which would now act as a support – placed at $6,137 currently while it faces resistance in the form of 100 weeks SMA exactly where the price is – $6,539.

BTC/USD daily chart:

 

Manoj B Rawal

FXStreet

Alan Zibluk Markethive Founding Member

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Bitcoin May Face Significant Retrace as It Nears Key Resistance Level at 6400

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Bitcoin May Face Significant Retrace as It Nears Key Resistance Level at $6,400

Bitcoin May Face Significant Retrace as It Nears Key Resistance Level at $6,400

The crypto community was pleased to find that Bitcoin was able to surge past $6,000 for the first time since the cryptocurrency plunged to its 2018 lows of $3,200 in December.

Analysts are now closely watching the $6,400 level to see how the crypto responds to this price, as many analysts believe that there is a significant level of resistance at this price which may lead to a pull back that could offer a good entry point for fresh long positions.

Investors Celebrate as Bitcoin (BTC) Breaks Above $6,000

At the time of writing, Bitcoin is trading up 2.6% at its current price of $6,080, up slightly from its daily lows of $5,900 which were set yesterday.

Over a one-week period, BTC has been able to surge significantly, climbing from lows of $5,500 to highs around its current price levels, marking a major extension of the upwards momentum that the cryptocurrency incurred in early-April when Bitcoin swiftly surged from the low-$4,000 region and into the $5,000 region.

Although the recent series of price surges have been undoubtedly bullish, analysts are still warning traders to express caution before “fomo-ing” into the crypto, as a retrace may be inevitable.

Lucid TA, a popular crypto analyst on Twitter, expressed this sentiment in a recent tweet, noting that traders should closely watch for the next retrace, as it may mark a great entry opportunity for fresh long-positions.

“A reminder to those feeling fear and FOMO – $BTC always retraces. Major spills are par for the course. Expect them, and don’t be shaken by them. They can provide excellent buying opportunities for those who are able to retain their conviction,” he said, referencing the below chart.

A Pullback May Ensue After BTC Hits $6,400

As for what price level may spark the next retrace, there is a general consensus amongst analysts that $6,400 will be the next level of strong resistance that BTC faces, which could lead to a drop that elucidates whether or not $6,000 has become a level of support.

“$BTC > $6000. Mission accomplished. Next level is $6400, the most traded price of 2018,” Alex Krüger, a popular economist who focuses on cryptocurrencies, explained in a recent tweet.

Josh Rager, another popular crypto analyst on Twitter, echoed Krüger’s thoughts, explaining that he believes $6,450 is an “epic” resistance level that, if flipped into a support level, would be “insanely bullish” for the cryptocurrency.

“The most epic $BTC resistance awaits. Don’t think BTC blasts through this area easily, this resistance is bearishly strong. A flip to support above $6450 would be insanely bullish, IMO if $BTC closes above, it won’t be closing back under. For now, it is a primetime pullback zone,” he noted.

As the week drags on, analysts and traders alike will be closely watching to see whether or not Bitcoin is able to find stability above $6,000, which may allow it to surge higher before it hits any region of significant resistance.

 

COLE PETERSEN | MAY 10, 2019 | 12:00 AM

Alan Zibluk Markethive Founding Member

Markethive

Love Serve and Stay United in Church

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Life with Jesus

Written by GodLife on 14/08/2018
Series: Weekly Devotional
Tags: Church, Service, Unity
…we, though many, are one body in Christ, and individually members one of another.

Romans 12:5
The Church Jesus built has an enemy. That was clear from the time He introduced it: “…on this rock I will build my church, and the gates of hell shall not prevail against it.” (Matthew 16:18) In less than 300 years the Roman Empire went from being its most vicious persecutor to acknowledging Jesus as Lord. Preaching “Christ crucified” – which was called “foolishness” by the gentiles (1 Corinthians 1:23) – ended up being victorious over the “wisdom” sought by Greco-Roman culture. (1 Corinthians 1:22-30)  But that’s in the past. What about today? Do the “wise” and “strong” still search for “the wisdom of God?” (1 Corinthians 1:27, 30) Yes! Here are a few examples: 

Facebook’s founder admitted that he wants to imitate the church’s ability to make strong and unified groups. 
Guy Kawasaki, an American author and “Chief Evangelist” for an important computer company, attended the Billy Graham school of evangelism. 
After so many centuries, the Church is still effective and influential. How does it operate? What kind of organization, (or, as it has also been called, organism), is the Church of Christ?

How are we to love one another?
Romans 12:9 urges, “Let love be genuine.” How are we to do this? “Love one another with brotherly affection. Outdo one another in showing honor.” (Romans 12:9) Impostors seek honor for themselves, taking advantage of others and tearing down the integrity of the group in the process. (As the problems in the Church of Corinth show.) True Christian love puts the other person’s best interests first. If you’re part of a group you can really trust, where you can be yourself, it works to build you into the person God means for you to be.

How are we to serve one another?
In  Romans 12:11-13 goes on to explain,  “Do not be slothful in zeal, be fervent in spirit.” Have you ever volunteered for something without really wanting to do it? Probably not if you were helping a really close friend. With our church family, God wants us to be energetic and passionate: “Rejoice in hope, be patient in tribulation, be constant in prayer.” Prayer is necessary because Jesus Himself promised us we’d have trouble. “Contribute to the needs of the saints and seek to show hospitality.” The longer you’re part of a church, the more likely it is you’ll have opportunity to help someone in a profound way: it may be giving them something they need, serving in place of someone missing in their life, or making space for them in your home or routine. In fact, it might end up being you who has the need, who experiences the loss or who needs a place to stay. You should turn to your church family before your government or unsaved friends. It makes a great witness to the world! (John 13:35)

How do we stay united?
The Church is called an “organism” – Paul compares it to a human body in 1 Corinthians 12. Each member has a unique function, but they all serve in unity. The word used in Romans 12:16 is “harmony.”  “Rejoice with those who rejoice, weep with those who weep. Live in harmony with one another.” Harmony is a better word, since it makes it clear we’re not all the same. We’ll sometimes feel sadness and joy at different times – this gives us opportunity to support one another and to celebrate with one another. “Do not be haughty, but associate with the lowly. Never be wise in your own sight.”

God wants us to always remember that our righteousness, our wisdom, all comes from Him, not ourselves. “Repay no one evil for evil, but give thought to do what is honorable in the sight of all. If possible, so far as it depends on you, live peaceably with all.” (Romans 12:15–18) In saying this, Paul is not telling us to be peaceful until we’ve reached the limits of our patience. He’s telling us that a relationship with another person requires both to be peaceable, and that it’s not always possible to have a harmonious relationship with a disagreeable person. Don’t forget that Jesus taught us not to put a limit on our forgiveness. (Matthew 18:21-22)

Reminding ourselves of Jesus’ commandments should be a central part of what we do together as a church. As 1 Corinthians 12:27 says, “Now you are the body of Christ and individually members of it.” We serve as His body “And he is the head of the body, the church. He is the beginning, the firstborn from the dead, that in everything he might be preeminent.” (Colossians 1:18) The life of the Body is Jesus’ life: His continued ministry on earth. It’s by His direction and in His power. Living this way is how we, like the early church, will be victorious over the world, and show them Christ is their only hope of salvation: “I in them and you in me, that they may become perfectly one, so that the world may know that you sent me and loved them even as you loved me.” (John 17:23)

Pray this week:
Lord, give me the opportunity to serve with a joyful spirit. Amen. 

Do you want to know what it’s like to be in unity? 

Alan Zibluk Markethive Founding Member

Markethive

Bitcoin BTC Breaches 6000 – Time for a Pullback or Locking New Targets?

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Bitcoin [BTC] Breaches $6000 - Time for a Pullback or Locking New Targets?

Bitcoin [BTC] Breaches $6000 – Time for a Pullback or Locking New Targets?

Bitcoin finally breached $6000 on 9th May 2019. The momentum toward Bitcoin [BTC] was high this week as it held above the $5700 mark. Moreover, it was barely affected by the Binance hack, which affected one of the largest cryptocurrency Exchanges in the world.

The price of Bitcoin [BTC] at 3: 40 Hours UTC on 9th May 2019 is $6060. It is trading 3.34% higher on a daily scale. The ‘bull run’ as expected might have begun as Bitcoin is closing near two times the bottom (near $3150) price. The dominance of Bitcoin over the cryptocurrency market is 56.8% and the total market capitalization is above $107 billion.

BTC/USD 1-Day chart on Coinbase (TradingView)

Should We Expect a Pullback?

While a strong buying momentum is built up, making traders apprehensive of the next bull run, some bears maintained their stance. Tone Vays, a leading trade analyst on Bitcoin is expecting a “pullback.” He said,

“We’ve not had any significant pull back in bitcoin for a long time.”

The bear case from here according to Tone Vays’ analysis was based on sequential on a daily chart which reached a high at $5974. He also asserted that the ‘probability of a pullback has increased’ now. Nevertheless, he also predicted that a sequential 1 and 2 above the 9 would set up for another leg up with targets near $6150.

 

Nivesh Rustgi 1 min ago

Alan Zibluk Markethive Founding Member

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As Bitcoin Moves Towards 6000 The Case for an Imminent Bull Market Grows Stronger

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As Bitcoin Moves Towards $6,000, The Case for an Imminent Bull Market Grows Stronger

As Bitcoin Moves Towards $6,000, The Case for an Imminent Bull Market Grows Stronger

The crypto markets have been incurring significant upwards momentum over the past month which was extended yesterday when Bitcoin (BTC) rapidly surged to highs of nearly $6,000 before it settled slightly lower.

This rapid upwards surge has further strengthened the case for an imminent bull run, as many technical indicators are now flashing bullish signals that have historically preceded long multi-year upwards trends that have previously laid the groundwork for BTC to surge parabolically.

Bitcoin (BTC) Drops to $5,900 After Failing to Break Above $6,000

At the time of writing, Bitcoin is trading up 3% at its current price of just below $5,900. Over a 24-hour period, BTC is up from lows in the $5,700 region, but is down slightly from highs that were set just below $6,000.

It does appear that $6,000 is in fact a level of resistance for the cryptocurrency, as Bitcoin has not yet been able to advance past this price level.

The recent upwards momentum has led to a massive shift in market sentiment that has led many traders to flip bullish, which has historically been a warning sign that a drop is imminent. Despite this, Mr. Anderson, a popular crypto trader on Twitter, recently spoke about this, noting that the market sentiment actually remains quite balanced at the moment.

“$BTC Fear & Greed (& Shorts). “Ppl are way too BULLISH!” They have been screaming that since $4100. Eventually, they will be right, but the data not shown this. Fear/Greed chart shows balance & SHORTS [continue] to be EXTREME. Avoid holding the last bag playing LTF’s w/ tight stops,” he explained.

Could the Next BTC Bull Market Already Be in its Early Phase?

The recent series of price surges in the crypto markets have put a significant amount of distance between most cryptocurrencies 2018 lows and their current prices.

Now, many technical indicators are signaling that Bitcoin could currently be in the early stages of the next bull market.

Josh Rager, a popular cryptocurrency trader on Twitter, spoke about one technical indicator that is currently flashing a bullish signal, noting that Bitcoin’s 3-day price just flipped over its 200-day EMA, which has historically been a bullish sign followed by multi-year uptrends.

“$BTC 3-Day Chart Bullish. Last bear market when the 3-Day Bitcoin price crossed above 200 EMA, it held as support & Guppy flipped green followed by a two-year uptrend. $BTC price just crossed above 200 EMA again. Waiting to see if Guppy flips green w/ possible retest of support,” Rager explained.

 

COLE PETERSEN | MAY 7, 2019 | 10:00 PM

Alan Zibluk Markethive Founding Member

Markethive

Involved in Church

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What should you do when you go to Church? If at all possible it is good if you can go to church services each Sunday.

Series: New Believers Guide

What should you do when you go to Church? If you know someone already at church, they can help guide you to activities that would be good for you. If at all possible it is good if you can go to church services each Sunday. Many churches have Bible studies or small groups that meet to study God’s Word; if so these can be a great help to you. You can also begin to help and serve others, even if you are just a very new Christian; maybe there are ways to minister to others at your church.

The Church is the Body of Christ

The Church is Jesus’ own body on the earth. The Bible says, “God has put all things under the authority of Christ and has made him head over all things for the benefit of the church. And the church is his body; it is made full and complete by Christ, who fills all things everywhere with Himself” (Ephesians 1:22-23). That’s what the Bible says, but what does that mean? Think of your own body. Your head tells the rest of your body what to do. If you want your arm to pick something up, it does it. If you want to step on something, your foot obeys the command. It is the same with the Church. We are the representatives of who Jesus is and what He wants done in the world. That means, when people ask the question, “Who is Jesus?”, they can look to the Church and find their answers.

"And each day the Lord was adding to their number day by day those who were being saved." Acts 2:47

 

"And when they prayed, the place where they had gathered together was shaken, and they were all filled with the Holy Spirit and began to speak the word of God with boldness." Acts 4:31

 

 

The Church Needs You

 

This is a wonderful responsibility. Being Jesus’ body means we act like He acts and tell others about Him. The Bible asks this question, “How can people have faith in the Lord and ask him to save them, if they have never heard about him? And how can they hear, unless someone tells them? And how can anyone tell them without being sent by the Lord?” (Romans 10:14-15). This is the main goal of the Church—to tell others about Jesus that they too may be saved and added to God’s family. You have an important role to play your part. Maybe God gave you the gift of singing so that you can sing about Him to others. Or maybe He made you to be a teacher and teach people about Jesus. Whatever role God has made you to play is a very crucial one, and His body cannot function at its best without you.

"And with great power the apostles were giving testimony to the resurrection of the Lord Jesus, and abundant grace was upon them all." Acts 4:33

Day 21: What is Prayer?

How does it help you to think of the church as Jesus' body? When others observe your church family, do they see Jesus? If you don't have a church, you can still talk with other believers! 

 

https://youtu.be/b54tboVpS-I

Alan Zibluk Markethive Founding Member

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Bitcoin bulls rejoice BTCUSD catapults to 6000

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Bitcoin bulls rejoice, BTC/USD catapults to $6,000

Bitcoin bulls rejoice, BTC/USD catapults to $6,000

  • Bitcoin resumes strong growth during early Asian hours.

  • BTC/USD is vulnerable to a short-term correction.

Bitcoin is moving fast towards $6,000 handle. The largest digital coin extended the recovery during Asian hours on Tuesday, gaining over 3% in just one hour. BTC/USD hit a new 2019 high at $5,963 before retracing towards $5,897 by the time of writing.

 

Looking technically, BTC/USD continues moving within an upside channel with the major barrier is now seen at psychological $6,000 strengthened by the channel resistance. Once it is cleared, the recovery may gain traction with the next focus on $6,500.

 

Meanwhile, considering an overbought state of the Relative Strength Index on the intraday charts, BTC/USD is vulnerable ot the short-term correction with the initial support seen at $5,700 (a confluence of SMA50 1-hour and the middle line of 1-hour Bollinger Band).

 

BTC/USD, 1-hour chart

Tanya Abrosimova

FXStreet

 

Alan Zibluk Markethive Founding Member

Markethive

You are a Full-Time Minister of God

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Wherever Christians are — even if it’s a region in which no-one else can know you follow Jesus – God can use you to bless others.

Written by Hope on 09/06/2013
Series: Weekly Devotional
Tags: Evangelism, God, Jesus, Purpose, Work
"Now these are the gifts Christ gave to the Church: the apostles, the prophets, the evangelists, and the pastors and teachers. Their responsibility is to equip God’s people to do His work and build up the Church, the Body of Christ." ( Ephesians 4:11-12)

What work do you do to provide food, clothing, and shelter for yourself (and your family)? The Apostle Paul did work as a tentmaker (some translations say "leatherworker"); however, he tirelessly preached Christ’s message, evangelizing to everyone he could and teaching new Christians. Today, sometimes, people say they are employed "full time" or "part time" in this or that job or career; as Christians, we could consider that earthly work as how we make our living. But because we are "living stones that God is building into His spiritual temple. What's more, you are His holy priests" ( 1 Peter 2:5), we can consider ministering for God our full-time work!

Spiritual Temple
Wherever Christians are — even if it’s a region in which no-one else can know you follow Jesus – God can use you to bless others. St. Paul wrote that "whenever we have the opportunity, we should do good to everyone" (Galatians 6:10). He encouraged Christians to "Let everything you say be good and helpful, so that your words will be an encouragement to those who hear them" (Ephesians 4:29). In being sensitive to others, he instructed, "whether you eat or drink, or whatever you do, do it all for the glory of God" (1 Corinthians 10:31). By living for Jesus, we live as the Church — even if we can't physically attend a church — praising His Name with our actions and building one another up for His glory.

Holy Priests
"Holy" is used to describe something sacred, something set apart, something unique in the world. Born in sin, humans have natural, sinful desires; but as Christians, "you must be holy in everything you do, just as God who chose you is holy" (1 Peter 1:15). "When people do what is right, it shows that they are righteous, even as Christ is righteous" (1 John 3:7). That means we, as "priests," must follow the example our "High Priest" (Hebrews 8:1). Jesus gave us: loving and obeying God, and loving and serving others.

Prayer, Care and Share Jesus
The Prayer, Care and Share (PCS) guide is based on scripture in the Bible: ( Luke 10:1-9).What I’ve been sharing the last few weeks is a basic teaching to equip all believers of Jesus for their full time ministry every day wherever they go.

So, whether you are a student, accountant, domestic worker, home maker, IT specialist or CEO of a company; as a believer of Jesus, you are firstly a full time minister of the Lord, then secondly, you do the work of your occupation!

There are 4 steps in the PCS guide I've been encouraging. They are: Asking the blessing of the Lord on people, places and tasks; Building relationships with people who don’t know Jesus; Meeting needs by helping, encouraging or praying; and Telling people about Jesus (directly, or by answering questions about your faith). These are basic tools you can use to be a full time worker in God's harvest every day everywhere.

Pray this week:
God will help us understand how He has called us to love, minister to, and serve others.

You are 'set apart and holy' to the Lord… how does this affect your life each day? Do you show the world who Christ is by your words and deeds? Talk to someone about how you can show the world who Christ is.

Alan Zibluk Markethive Founding Member