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Bitcoin price analysis – Blasts through 6800 critical resistance jumps 4 on a daily basis

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Bitcoin price analysis - Blasts through $6,800 critical resistance; jumps 4% on a daily basis

Bitcoin price analysis – Blasts through $6,800 critical resistance; jumps 4% on a daily basis

 

  • Bitcoin bounces sharply to trade intraday highs of $6,875.10 but currently seeking support above $6,700.

  • Bitcoin price bullish momentum not only reentered the broken rising wedge pattern support, it broke out of its resistance to test $6,900.

Bitcoin price is trading in the green on Tuesday 22 after adding about $400 in less than 30 minutes. The world’s largest digital asset by market capitalization has jumped 4 percent pushing the price above $6,800 for the first time in weeks. Bitcoin opened the trading session at $6,476.97 and traded intraday highs of $6,875.10.

The cryptocurrency not only reentered the broken rising wedge support at the 50% Fib retracement level with the last swing high of $7,148.96 to a swing low of $5,914.15, it broke out of the resistance at $6,632.31. The price trade above the medium-term stubborn resistance at $6,800, but stalled short of $6,900. At the time of press, BTC/USD is trading at $6,743 after subtle corrections from the resistance.

Bitcoin is likely to settle in a bullish flag pattern supported by the 61.8% Fib level at $6,676.44. The trend is slightly bearish at the moment, but the outlook of the chart is still positive. The stochastic oscillator on the hourly chart is retracting from the oversold to show that the sellers are pushing for entries. The MACD momentum indicator, on the other hand, is deep in the positive region signaling that the buyers still have the control.

A support above $6,700 is vital to the buyers who at the moment, have their eyes set on retesting $6,800 and $6,900 in the near-term. It is apparent now that $7,000 is within reach for Bitcoin in the Month of August in spite of the slight dip below $6,000.

 

 

John Isige

FX Street

 

Alan Zibluk Markethive Founding Member

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Founders Positions STILL Available- with this U are SET FOR LIFE This is TOTALLY PASSIVE INCOME

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Hello Teammates

Thank you again for joining The Stellar Association / Yiggiy with me. It just keeps getting more and more exciting as launch day draws closer. If you haven’t been following what is going on, you might want to listen to the members-only call we had Saturday the 18th. I know I had to talk some of you into joining, but I hope you see the Big Picture now ––> those of us who have Founders Positions with this are SET FOR LIFE. This is TOTALLY PASSIVE INCOME, which you will receive every month forever. It comes from the royalties earned on the intellectual property this business owns, just like someone who writes a book gets a royalty on every copy that is sold ….. You know how that works. Same thing.

 Members Only Recorded Call Link for Saturday August 18th 2018   https://stme.in/mff95gslbO

They announced on that call that sales of the Founders Positions for the Second group will be stopped next Saturday, the 25th, at 3 PM EST. If there is enough demand, they will consider opening a Third batch of positions, but there is no guarantee of that, and it is looking very unlikely at this point.   http://www.theassociation.website/index.html?Ref=RBM24-FE53P

So if you want to take any more positions perhaps to give to your children or grandchildren (they can be millionaires by the time they are ready for college), your Church, your favorite charities, etc — or tell any of your friends about this — please do it before Saturday. If you have one position, you’ll get one royalty share each month –– but if you have two positions you’ll get twice as much money every month –– and if you have five or ten, you’ll get five or ten times as much money every month. This is the biggest bargain ever –– for only a one-time $120 USD you will make millions over time. (Please listen to the call for some really great news. They project that we will start getting $6,300 per position within 5-6 months, and each month will pay more than the month before, as the business expands globally and more people join.)

BECOME A FOUNDER : NEW GAMING PROJECT

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(PayPal is the easiest, and you can use your debit or credit card there too.) When you start getting your totally passive monthly payments, I know you’ll wish you were getting twice as much money, or five times as much money — the only way to make that happen is to take more positions NOW, before they stop sales  Saturday. Once the positions are all gone, they are gone forever, and you will lose the opportunity to get more.

To keep up with all the news, please join us on Facebook https://www.facebook.com/yiggiytournaments , or join our Skype chatroom  https://join.skype.com/c0G5PdBkmjBs.

I sincerely hope you understand the potential of this huge global business — I hope you get excited when you listen to the recording of this week’s members-only call. We should all be able to retire next year with this — well, of course it depends on how many positions you have, how much money in royalties you will get every month going forward. How much do you want for your retirement? http://http://www.theassociation.website/index.html?Ref=RBM24-FE53P

It’s always FREE to play, but you can win real cash and prizes for yourself and your favorite charity. Check out the games here  http:// https://yiggiy.com/?Ref=RBM24-FE53P 

If you can swing it to take another position or two, you’ll really be thanking yourself when they start paying this fall. Just think how much more you can do with two or three or five times as much totally passive income. This will probably be the last time I contact you about this, although I may send it out again to be sure you got it. You only have until Saturday the 25th at 3 PM EST to decide how much future passive income you want to receive, how much income you want to retire with, and lock it in.

If you are reading this and you have not registered with us yet you can do so by going here to signup  http://www.theassociation.website/index.html?Ref=RBM24-FE53P

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Alan Zibluk Markethive Founding Member

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Bitcoin BTC Price Watch – More Bears Waiting to Hop On

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Bitcoin (BTC) Price Watch - More Bears Waiting to Hop On

Bitcoin (BTC) Price Watch – More Bears Waiting to Hop On

 

Bitcoin Price Key Highlights

  • Bitcoin price broke below its ascending triangle consolidation to signal that more losses are in the cards.

  • Price is finding a bit of support, though, so a pullback may be taking place from here.

  • The Fibonacci retracement tool shows the next potential resistance levels, but technical indicators are signaling more gains.

Bitcoin price made a downside break from its triangle pattern and looks ready for a pullback before heading further down.

 

Technical Indicators Signals

The 100 SMA is above the longer-term 200 SMA to indicate that the path of least resistance is to the upside. In other words, there’s still a chance for the uptrend to resume and price to move back inside the triangle pattern.

However, the 200 SMA lines up with the 38.2% Fib at $6,360.50 to add to its strength as resistance and the 100 SMA coincides with the 61.8% Fib at $6,436.90. This is also near the broken triangle support, which might hold as resistance from here. A move past this level could lead to another test of the resistance at the swing high.

RSI already made it to oversold territory and is pulling back up to signal that buyers are returning while sellers take a break. Stochastic is also heading up to indicate a return in bullish momentum.

 

Market Factors

Bitcoin price seems to be shedding its gains due to the improvement in risk appetite in global financial markets. The economic turmoil in Turkey is taking the backseat to the upcoming trade talks between the US and China, which many traders are hoping to get positive updates from.

One thing to keep in mind, though, is these are just low-level talks and there’s a low likelihood of any decisions being made. Worsening trade tensions could even lead to a return in risk aversion and dollar weakness, which might revive demand for bitcoin. Escalating troubles in Turkey could also boost bitcoin demand as people look for an alternative store of value.

 

 

SARAH JENN | AUGUST 21, 2018 | 4:19 AM

Alan Zibluk Markethive Founding Member

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Serving the Body

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How can we use our spiritual gifts to serve the Church?

Written by Ruth on 24/10/2017
Series: Weekly Devotional
Tags: Church And Community
And let us consider how to stir up one another to love and good works, not neglecting to meet together, as is the habit of some, but encouraging one another, and all the more as you see the Day drawing near.

Hebrews 10:24-25
Have you ever wondered why you should be part of a church? The Bible says in Hebrews 10:24-25 that gathering with other believers is something we should not neglect.

What is so important about church?
Jesus wants us, as a member of a local church, to complete the ministry He began while He was on earth. He wants you to be part of this ministry. But none of us can do this on our own. We need Him as our leader (our Head), and all the rest of the body (other believers) to get the mission accomplished as He has planned. None of us can do it alone, but all our abilities together are used by Him for His purpose. Here’s how you can be a healthy part of the body:

Encouraging each other
First, church is meant for mutual encouragement. In Hebrews 10:23 we read God’s desire for us to “hold fast to the confession of our hope without wavering.” None of us can do that by ourselves because our enemy, Satan, attacks us more when we are alone. Our responsibility to other believers is to encourage them to keep following Jesus closely.

Completing what he began
Second, Jesus left us a task to do. Just before He returned to heaven after His resurrection, He said we were to “go and make disciples of all nations” (Matthew 28:20). He says He is “not wishing that any should perish” (2 Peter 3:9), but no one can know Him unless someone tells them.

In John 14:12, Jesus also said that the Church would do “greater works” than He had done while He was here. None of us who follow Him can accomplish this in our own strength. We, the Church, are called His body and are left on earth now so He can do in the whole world what He did in one region while He was here.

For this reason Jesus gives gifts (called spiritual gifts in the Bible) to each person in the church to help with this task. We read the lists of spiritual gifts in passages such as Ephesians 4:11-12. Alone, we cannot complete all the duties Jesus wants to do, but together we can. Jesus’ body, the Church has different parts just as a body has – ears, nose, mouth, hands, feet, and so on – and each part is important to completing the task. Each of us, with the spiritual gifts He has given us, have our own work to do.

Strength in unity
Third, we as believers must work together. We cannot work as a body if we are not in agreement with each other. The Bible calls this “unity of the Spirit” (Ephesians 4:1-6). Hands cannot help a person in need if the feet will not take them to that person. The heart cannot love someone if the ears have not heard the one who needs encouragement. The arms cannot lift a heavy burden for another if the legs and back do not help with balance and strength.

Jesus gave His disciples, including us today, a wonderful promise in Matthew 16:18 – that the very gates of hell cannot stop what He wants to accomplish. Gates are not attack weapons, but instead used to keep someone out or in. The gates of hell are pictured because Satan wants to keep people from hearing Jesus’ words of hope and follow Him. However, his gates cannot stop us from entering his strongholds to tell them.

There will be times, however, as we enter those gates to invite people to follow us to Jesus, that we will be injured by Satan’s attacks. In those times, the Church – the body of Christ – rushes to help the injured one. We bind the wounds, encourage the disheartened and give strength to those who have suffered in the attacks.

Discovering your spiritual gifts
Finally, every believer is given at least one spiritual gift with which they serve Jesus’ body in a local church. It is our duty to use each gift we are given to help the local body in the church we attend. (1 Peter 4:10)

How do we discover our spiritual gifts? A few will hear God’s call to become pastors. Others will be asked to do something and discover joy in fulfilling that task. Many will try different things to find what gives them the greatest satisfaction as they serve Jesus in their church – encouraging others, giving someone a verse of wisdom when someone is searching for answers, visiting the sick and praying with them, helping a disabled person by taking them to the grocery store and carrying their bags home, or even greeting a foreigner with a word of welcome in their own language. In doing this, you will be serving the body while also finding how God has crafted you best to serve.

Pray this week:
Father, as my love for you grows, teach me also to love my church and use the way you’ve prepared me to bless and build others within it.

What do you do in church that helps others?

Alan Zibluk Markethive Founding Member

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Bitcoin BTC Price Watch – Waiting for a Triangle Breakout

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Bitcoin (BTC) Price Watch - Waiting for a Triangle Breakout

Bitcoin (BTC) Price Watch – Waiting for a Triangle Breakout

Bitcoin Price Key Highlights

  • Bitcoin price has formed higher lows and found resistance around $6,500 to create an ascending triangle pattern on its 1-hour chart.

  • Price is currently testing the resistance and is nearing the peak of the formation, so a breakout might be due soon.

  • Technical indicators are giving mixed signals on which direction the breakout might take.

Bitcoin price is consolidating inside an ascending triangle pattern and might be due for a breakout in either direction soon.

Technical Indicators Signals

The 100 SMA is above the longer-term 200 SMA to signal that the path of least resistance is to the upside. This suggests that an upside break is more likely to occur than a break lower. Also, the moving averages are near the triangle bottom to add to its strength as a floor around $6,400.

RSI is heading lower to signal that selling pressure is in play and that resistance would likely hold for now. Stochastic is also in the overbought region and turning lower suggests a pickup in bearish momentum. The chart pattern is around $600 in height so the resulting rally or selloff after a breakout could be of the same size.

 

Market Factors

Bulls continue to defend long-term support levels for bitcoin, so there’s a strong chance that the floor won’t be giving way anytime soon. Buyers now have another attempt to spur a larger rebound, possibly one that could last longer on a break of nearby resistance levels.

The anticipation for the SEC decision on the bitcoin ETF applications put on hold is building up as the end of the month nears and September approaches. However, a denial could still lead to another round of losses for bitcoin and its peers while approval might see sustained gains.

Other factors pushing bitcoin around include trade-related updates and potential contagion coming from Turkey, so price could stay sensitive to headlines from here.

 

SARAH JENN | AUGUST 20, 2018 | 4:38 AM

Alan Zibluk Markethive Founding Member

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Last week to purchase Association PositionsThe best investment that you could EVER make

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Designed to Yield Ongoing, Passive Income – For a One Time Membership Fee.

BECOME A FOUNDER : NEW GAMING PROJECT

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A unique crowd funding approach called the Continual Reinvestment Program (CRP) has been developed, which allows for continual expansion and reinvestment. You pay a one-time membership fee of $120.00. Projects which reach a predetermined point of profitability will begin rewarding you with monthly income. You will receive 90% of your income share, while 10% will be reallocated toward reinvestment and necessary expenses.

This is a once-in-a-lifetime opportunity, grab your share now before they're sold out. This is a TOTALLY PASSIVE SOURCE OF INCOME FOR YOU that will continue forever, you can will it to your children or charities, etc.

Yiggiy is a technology enterprise poised to profit from two enormous economic segments; internet gaming and consumer advertising. Both of these major segments currently struggle with significant issues which create potentially lucrative business opportunities for those with solutions.

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Alan Zibluk Markethive Founding Member

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Why Do I Have to Go to Church?

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s it enough to just follow Jesus?

Written by GodLife on 02/05/2017
Series: Weekly Devotional
Tags: Church, Membership, Gifts, Baptism, Fellowship
Now you are the body of Christ and individually members of it.

1 Corinthians 12:27
Did God give us a list of steps we must take before we can go on to maturity? In a way, yes! An interesting Bible passage warns us not to get stuck in our growth, but to move on to maturity. In doing this, it actually gives us seven “basic things” mature believers need to understand clearly. It begins with our personal relationship with God. It moves to our earthly identification with God’s people. And it ends with the ultimate heavenly destiny of all God’s people.

Are you ready for a tour? Turn to Hebrews 6 and follow carefully along.

Just You and God
“Therefore let us leave the elementary doctrine of Christ and go on to maturity, not laying again a foundation of repentance from dead works and of faith toward God…” (Hebrews 6:1)

Every follower of Jesus needs to clearly know Who He is. He’s “the only Son, who is truly God” (John 1:18). He loves us so much that He left heaven to live under His own Law. He was tempted in every way, but He remained perfect and sinless. He suffered rejection, mockery and a cruel execution to take the punishment our sins deserve. He said, “It is finished,” (John 19:30) when He died, and His resurrection proved it was true.

For this “once for all” sacrifice (Hebrews 10:10-14) to work for me, I had to realize all I ever did only increased my guilt. My works were “deeds that bring death.” If there were any other way for me to escape hell, “it was useless for Christ to die” (Galatians 2:21). Believe this, pray humbly to receive Him, and trust that He’s able to save you forever, and you become a child of God (Hebrews 7:25; John 6:37).

You and the “local church” — the people of God near you
“And we shouldn’t need to keep teaching about baptisms or about the laying on of hands…” Hebrews 6:2a

As the passage implies, God did not save you simply so that you could enjoy eternal life. As His child, you’re part of a family with a mission. Not to keep teaching already-saved people the same things over and over, but to “Go therefore and make disciples of all nations, baptizing them in the name of the Father and of the Son and of the Holy Spirit…” (Matthew 28:19) But until a new believer has been baptized, he or she needs to be taught.

Water baptism is a public ceremony identifying you with Jesus and the other “called-out” people of God (that’s what “church” means). In order to do this, you have to have fellowship with other Christians, even if it’s only with one or two other people who follow Jesus. “Laying on of hands” takes it a step farther — this means publicly choosing and sending someone out for service. God empowers each believer “so that his people would learn to serve and his body would grow strong” (Ephesians 4:12).

You and the “universal church” — the whole family in heaven and earth (Ephesians 3:15)
Finally, the passage ends with two more important points: “…the resurrection of the dead, and eternal judgment.” (Hebrews 6:2b).

When Jesus returns, there will be a resurrection (1 Thessalonians 4:13-18, 1 Corinthians 15:51-58). Believers who have died will be raised and united with those still living on earth. This is so that, in heaven, the work of the entire Church can be judged at once by Him (2 Corinthians 5:10; 1 Corinthians 4:5), and He can “show the immeasurable riches of his grace in kindness toward us in Christ Jesus.” (Ephesians 2:7).

In this lesson, it’s easy to see that we’re not meant to live the Christian life alone. You might be able to think of exceptions: missionaries who travel to places where there is no church. Isolated believers in countries where Christians are persecuted. Those whose family members do not allow them to attend. But these are the special cases, because those who are denied church fellowship are the very ones who want it most! Christian children whose parents do not take them to church long to know what it is like. Isolated believers do their best to meet in secret or find a substitute, like broadcast or online services. Remote missionaries are going for the very purpose of establishing a church.

As Hebrews 6:1-2 shows us, there really is no way to move on to Christian maturity, to serve in the role for which God has called and empowered you, to accomplish the deeds for which He deserves praise in heaven, without being a part of an assembly of believers.

Pray this week:
Father, will you teach me everything I need to know about being a member of the Body of Christ?

Alan Zibluk Markethive Founding Member

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Bitcoin price analysis – Short term support helps but bounce won’t be bigger

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Bitcoin price analysis – Short term support helps, but bounce won't be bigger

  • BTC bounces from short term support line.

  • Oscillating between support and resistance.

Bitcoin, the largest cryptocurrency by market capitalisation and poster boy of the crypto world, managed to bounce from the short term support even as the bounce from this support won't be big enough as there's resistance too, not far away from current price.

BTC/USD is down 0.7 percent on day at $6,354 and trading in a narrow band of just about one percent for the day. On the 30-minute chart, BTC has managed to bounce from an ascending trendline even as the bounce from this support won't take it too far.

Descending trendline resistance would act as a barrier around $6,380-90 mark. Gven the range, it shouldn't surprise bulls and bears together if the largest crypto manages to give a break out on either side, which would give about 3-5 percent movement once the range is broken.

BTC/USD 30-minute chart:

 

 

Manoj B Rawal

FXStreet

Alan Zibluk Markethive Founding Member

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Bitcoin Trend Chart Predicts 2020 Block Halving Could Be Massive For Price

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Bitcoin Trend Chart Predicts 2020 Block Halving Could Be Massive For Price

Bitcoin Trend Chart Predicts 2020 Block Halving Could Be Massive For Price

The next Bitcoin block reward halving event could prove to be a watershed moment for its price, according to data currently circulating around social media.

 

$10 Million By 2023?

A summary of Bitcoin’s price at the first two block halvings uploaded to Reddit by Telegram news channel What’s On Crypto notes that Bitcoin prices increased by orders of magnitude in each period.

At the first halving on November 28, 2012, BTC/USD traded around $12. By the second, on July 9, 2016, it was $657. The third halving — due in mid-2020 or in 644 days — will see the block reward reduce from 12.5 BTC to 6.25 BTC, while What’s On Crypto suggests ongoing trends could see prices hit a giant $10 million by 2023.

The forecast came using a so-called ‘halving line,’ which demonstrates that between the first and second halvings, prices increased bilaterally — 200 percent per year or 3 times year on year.

 

‘Price Follows Hashrate’

Bitcoin users who had coins during the second halving will remember that contrary to expectations, the event had little impact on prices or market activity.

“In the months leading up to the last two halving events, we saw bitcoin’s price steadily trend upward, and then power higher following the reward halving,” Bitcoinist reported Blockchain research head Garrick Hileman as saying in May this year. Two years off the 2020 event, Hileman’s comments came as Bitcoin’s network hashrate continued breaking all-time highs.

Halvings can make mining Bitcoin less attractive due to a reduction in block reward size, yet hashrate rarely suffers as a result due to difficulty adjustments. “I do not anticipate a significant change in the total mining hash rate due to the halving, at least not in the short run,” Hileman added.

Alan Zibluk Markethive Founding Member

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Did Tether Trigger a Short Squeeze or a Dead Cat Bounce

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Did Tether Trigger a Short Squeeze or a Dead Cat Bounce

Did Tether Trigger a Short Squeeze or a Dead Cat Bounce?

This time yesterday it appeared that all was lost, as Bitcoin price slipped within $100 of the current 2018 low. Then something unexpected occurred. Perhaps shorts got squeezed out of their loftily precarious positions or was it Tether’s newly minted $130 million USDT that saved the day?

Bitcoin Price Market Overview

Bitcoin 00 spent the better part of the day fighting off bears and the cryptocurrency managed to post an impressive 10% gain as it briefly crossed above $6,600. Eventually, buyers became exhausted and BTC pulled back to the $6,200 to $6,300 range.

While today’s rally was pleasantly surprising, a bullish reversal is yet to be confirmed and just like last week, its possible that Tether could have intervened to save the day by injecting $130 million of newly minted USDT into the cryptocurrency market. Perhaps this is why we see BTC price quickly cooling off after such an impressive run.

For those that believe today’s movement was the result of shorts being tapped out of their positions, feel free to have a look at the fantastic BTC Shorts vs Longs piece FilbFilb concocted earlier this week. It’s not likely that shorts were squeezed out of their positions as today’s $500 gain was drawn out over a series of hours rather than the lightning quick ascension that is characteristic of a short squeeze.

In other news, Arthur Haynes is feeling mighty confident as today he prophesied Ethereum 00 could drop as low as $100 before the bear market ends.

At this point, a conspiracy theorist might began to propose that billionaire cryptocurrency exchange owners are walking the dog on a tightly tethered leash — but we digress and deviate from the main purpose of this piece…

Daily Chart

A clear divergence can be seen on the RSI which when compared to BTC price action in the daily chart signaled the possibility of a bull breakout. Around the same time, the MACD exhibited a bullish crossover in spite of BTC declining.

While $6,300 is probably not the bottom, it has thrice served as a strong support and pivot point for BTC and today was no exception to the rule. Today’s pop brought BTC above the 23.6% Fib retracement level and slightly above the $6,651 resistance for a moment.

A move above the key resistance at $6,800 would place BTC within earshot of the 20 and 50-day moving averages which are also set slightly above the 38.2% Fib retracement level, and right at the upper trend line of the 8-month old descending channel.

In the current climate, BTC 00 tends to quickly pull back below the closest moving average(s) after high volume spikes such as the one experienced today. Thus, a daily higher low, followed by a higher high is required to inspire further confidence in the bulls and set the pattern of price consolidation that will help bitcoin move up another leg.

4  hour chart

The completion of an inverted head and shoulders formation failed to lead to an upside move for BTC but yesterday the 4-hour chart showed the development of an inside bar (1st yellow sphere) and the beginning of a bull flag (upward trendline in the first sphere) pushed BTC over the $6,545 resistance.

Strong follow through from buyers and a bullish cross of the 5 and 10-hour MA allowed BTC to reach the neckline of the cup at $6,503. The ensuing price gains led to the near completion of a rather sloppy cup and handle pattern and currently we are waiting for bulls to follow through and complete the upper half of the handle at $6,503.

As with the daily chart, a 4-hour higher low, followed by a higher high would help BTC to consolidate in preparation for reaching the next price shelf.

At the time of writing, BTC is pinned between the 20 and 50-day MA and needs to sustain above one of the two in order to maintain momentum, but the pattern of rejection at the moving averages still rings true when observing price action on the 15 minute, 30 minute, 1-hour, 4-hour and daily chart.

Looking Ahead

BTC 00 has shown relatively consistent support at $6,300 and $6,100.

Similar to the weekend, BTC could return to its pre-Tether inoculation range of $6,100 – $6,350 and trade indecisively before making a move.

We need to see bulls follow through by setting a higher low, followed by a higher high on the daily chart in order set the pattern of consolidation that will move BTC up another leg.

A move above the key resistance at $6,800 would place BTC above the 38.2% Fib retracement level and slightly above the descending trend line.

As mentioned over the past few weeks, ambitious traders could continue to execute relatively easy trades as BTC bounces from the $6,000 – $6,100 support and also has support at $6,300.

 

Source: coinnewstelegraph.com

Alan Zibluk Markethive Founding Member