All posts by Alan B. Zibluk

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Bitcoin BTC Price Watch – Watch This Triangle for Directional Clues

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Bitcoin (BTC) Price Watch - Watch This Triangle for Directional Clues

Bitcoin (BTC) Price Watch – Watch This Triangle for Directional Clues

Bitcoin Price Key Highlights

 

  • Bitcoin price is still stuck in consolidation, forming higher lows and lower highs inside a symmetrical triangle on the short-term chart.

  • Price is approaching the peak of this formation so a breakout might be due soon, providing longer-term directional clues.

  • Technical indicators are giving mixed signals, although there seems to be some bearish pressure in play.

Bitcoin price is consolidating inside a symmetrical triangle on the short-term charts while traders decide which direction to take.

 

Technical Indicators Signals

The 100 SMA crossed below the longer-term 200 SMA on this time frame, indicating that the path of least resistance is to the downside. In other words, support is more likely to break than to hold, possibly leading to a slide that’s at least the same height as the triangle. This pattern spans $6,640 to around $$7,000.

Stochastic is on the move down to show that sellers are in control and could push for a break below the triangle bottom. RSI also seems to be moving south to signal that bearish pressure could stay in play as the oscillator has plenty of room to move down before hitting oversold levels.

The recent surge in bitcoin price is being pinned on the Tether selloff, although the launch of Fidelity’s institutional platform might be a bigger factor sustaining longer-term gains. After all, this could open bitcoin and ethereum to stronger volumes and increased trading activity from bigger market players.

A candle closing past the $6,750 triangle resistance could be enough to signal an upside break and a continuation of the rally from the larger triangle breakouts. A break below the $6,675 level, on the other hand, could lead to a test of the nearby support zones, although it’s worth noting that bulls are strongly defending the lows by buying on dips.

 

SARAH JENN | OCTOBER 17, 2018 | 3:54 AM

Alan Zibluk Markethive Founding Member

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Is Another Short-Squeeze in Bitcoin Looming?

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Is Another Short-Squeeze in Bitcoin Looming?

Following the strong run-up in bitcoin prices yesterday, traders may now be eyeing another opportunity for further growth as the short trade is getting unusually crowded for the number one cryptocurrency.

In what appears to be short-term traders positioning themselves for a further sell-off in bitcoin on the Bitfinex exchange, the ratio of short-to-long orders on the exchange reached 1.54 during the Asian trading session Tuesday morning, a level not seen since November last year.

Short-selling essentially involves speculating on lower prices in a market by borrowing an asset that a trader doesn’t currently own in order to sell it in the market. The asset can then be bought back at a lower price later, allowing the short-seller to profit from the difference between the selling price and the buying price.

While a high number of sellers in a market is generally considered a bad sign, it also opens up opportunities when it reaches extreme levels. This is what is known as a short-squeeze, and it is something we have seen repeatedly this year as the short-to-long ratio has hit the high levels we are at now.

If the market starts to move upwards in the near future, many of the short-sellers will exit their short positions by buying back bitcoins in the open market. As the price moves further up, even more short-sellers will get margin calls or hit their pre-set stop-loss levels, forcing them to cover their shorts, and creating a self-reinforcing mechanism that can cause sharp price increases. Whether this will happen again this time, however, still remains unclear.
 

Significant arbitrage opportunities

Another possible explanation is that there is a significant amount of arbitrage going on right now centered on the Bitfinex exchange, following the surge in the bitcoin price yesterday that brought the price on Bitfinex to nearly USD 7,800 at its peak. That was close to USD 1,000 higher than on other exchanges like Coinbase, where bitcoin reached a high of about USD 6,800 yesterday.

An obvious way for traders to take advantage of a situation like that is to short-sell bitcoin on Bitfinex, while buying bitcoin on Coinbase or another exchange. That way, a trader would be profiting as the price gap between the exchanges closes.

The bitcoin price was nearly unchanged across exchanges on Tuesday morning, and still remains significantly higher on Bitfinex than on other exchanges, which many in the community attributes to speculation and fear about the status of the popular stable coin Tether.

Price differences at exchanges:

By Fredrik Vold

October 16, 2018

Alan Zibluk Markethive Founding Member

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Do you have children? Teach Them

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Do you have children?

Written by Hope on 03/11/2013

Series: Weekly Devotional

Tags: Disciples, Life Change

 

"Therefore, go and make disciples of all the nations, baptizing them in the Name of the Father and the Son and the Holy Spirit. Teach these new disciples to obey all the commands I have given you. And be sure of this: I am with you always, even to the end of the age." Matthew 28:19-20

 

Do you have children? If so, you might know that the Bible instructs us to "Train up a child in the way he should go; even when he is old, he will not depart from it" (Proverbs 22:6). Taking a new Christian on a path of discipleship can be compared to teaching or training a child. Jesus said, "Let the children come to Me. Don’t stop them! For the Kingdom of God belongs to those who are like these children. I tell you the truth, anyone who doesn't receive the Kingdom of God like a child will never enter it" (Mark 10:14-15).

Faith Like a Child

Jesus taught, "unless you turn from your sins and become like little children, you will never get into the Kingdom of Heaven" (Matthew 18:3). He said, "anyone who welcomes a little child like this on My behalf is welcoming Me" (Matthew 18:5); your service to a new believer is an act of service to the Lord! But we must be careful to teach only what is in God’s Word. Jesus warned that it would be better to die than to "cause one of these little ones who trusts in Me to fall into sin" (Matthew 18:6).

Gift from the Lord

God loves and highly values every person. His Word tells us that "children are a gift from the Lord" (Psalm 127:3). Your disciple, believing in God with faith like a child's, is also a valuable person to the Lord. Like a child, they can turn to you to gain knowledge of the Lord. If you teach your disciple the ways of the Lord while he or she is "young" in faith, they may be more likely to follow the Lord all their life. Be encouraged: "Jesus said to the people who believed in Him, 'You are truly My disciples if you remain faithful to My teachings'" (John 8:31).

Prayer, Care, and Share Jesus

"Teach them to obey everything I have commanded you!”

Scripture: Matthew 28:19-20

One of the most exciting ways we hope your faith is strengthened when learning from the Prayer, Care and Share Jesus guide (PCS) is by becoming more confident when sharing Jesus with others.

When you do lead someone to Christ, you might even feel led to share what you’ve learned in the PCS guide. It can be a great discipleship tool!

In Matthew 28: 19-20, Jesus commands us to make disciples of all nations, baptizing them and teaching them to obey (not just know) all of Jesus' commandments.

When you walk someone through accepting Jesus in their life, it’s a great idea to start the discipleship process right away – "teaching the new believer to obey everything Jesus commanded." You can also get them connected to a church or community of faith. You might not be able or feel led to be the one to disciple the new believer. But, you can help them find a way to get discipled by connecting with someone or a Christian community or church. When I have led people to Christ whom I won’t see again, such as taxi drivers or flight attendants, I have prayed and asked the Holy Spirit to orchestrate their follow-up.

You can teach them about things that Jesus teaches in the Bible like baptism, reading the Bible, prayer, involvement in a community of believers (such as a church or house church); taking communion (remembering Christ in the way he commanded us); and sanctification ("go and sin no more." John 8:11).These are not all of Jesus' teachings, but they are a good start for your new believer.

This week, start praying about your role in someone’s life as a discipleship mentor. Ask for guidance, wisdom and compassion.

Pray this week:

That your children and disciples will remain faithful to the Lord all their life.

Do you have questions about being a teacher? 

Alan Zibluk Markethive Founding Member

Markethive

Webtalk is a once-in-lifetime opportunity to change your lives GET IN NOW

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Alan Zibluk Markethive Founding Member

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Your Example Lasts for a Lifetime

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Moms and dads, don’t underestimate the impact you have upon your children!

Written by Luis Palau
Tags: Family, Fathers, God, Jesus, Mothers
"Train up a child in the way he should go: and when he is old, he will not depart from it" (Proverbs 22:6).

People always say children learn by example. I know that was true in my own life.

My dad was a consistent man; the same person at home as he was at church. He rose early on cold winter mornings in Argentina to start a wood fire in the stove. I should have been sleeping, but often I sneaked out of bed just to watch him putter around the house.

If I watched long enough, I might see him go into his office—a little study he built on one side of the house—and kneel alone. Wrapped in a blanket or poncho, he would read the Bible and pray before going out to work. Though I was not even eight years old yet, I would steal back to my bed, feeling warm and grateful that I had a good dad.

Daily Bible Reading
One day Dad told me he read a chapter from Proverbs every day, since it has 31 chapters and most months have 31 days. That has stuck with me all my life, and I still practice it. In spite of all the other Bible studying and reading I do, I try to start the day with my chapter from Proverbs. And I have learned to do it on my knees.

I don’t want to be legalistic about it, but there’s nothing like studying the Word of God and praying on your knees. I have never shaken the habit of spreading my Bible and study materials out on the bed and kneeling to read and pray. It sure keeps your heart and mind in the right attitude.

An Example Even in Death
My dad died when I was only 10 years old. The way he died impacted me as much as the way he had lived. Though I wasn’t there during my dad’s illness or last moments on earth, my mom later told me what had happened.

“Papito began to sing,” she said, “‘Bright crowns up there, bright crowns for you and me. Then the palm of victory, the palm of victory.’ He sang it three times, all the while clapping in time, as you children did when you sang it in Sunday school. Then, when Papito could no longer hold up his head, he fell back on the pillow and said, “I’m going to be with Jesus, which is far better.” Two hours later he had died.

As I grew and my evangelistic fervor grew, I knew God was calling me to tell entire cities about His love and forgiveness for them. I don’t want anyone to die without the joy my father had found in the Lord!

What About You?
Moms and dads, don’t underestimate the impact you have upon your children! I could give you example after example of how my father influenced me in the 10 years I had with him. I could tell you of the spankings I rightly deserved, of the bills Dad always paid on time, of the chapel he helped pay for, supervise, and build, of the times I sat in that chapel with my parents and sisters, receiving the Lord’s Supper. My father’s legacy to me came not only through his discipline, but also through his example. And that legacy’s impact is multiplied every time I get to tell another person about Jesus Christ.

Are you a mother or a father? Parenting is hard! It's important to have support as you parent your children.

Alan Zibluk Markethive Founding Member

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Bitcoin price latest update – Cryptocurrency as stable as dollar

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Bitcoin price latest update – Cryptocurrency as stable as dollar

The crypto market is notorious for its volatility and large swings in price.

In 2017 alone, Bitcoin’s value rocketed to more than double its value, reaching a high $19,783 in December, before then crashing to less than $6,000 by June this year.

But now, new research published in the journal Chaos: An Interdisciplinary Journal of Nonlinear Science, suggests investment in the digital asset may be more reliable than previously thought.

In a report titled “Bitcoin market route to maturity? Evidence from return fluctuations, temporal correlations, and multiscaling effects,” researchers explain Bitcoin is following some of the same trends of the market as physical currencies.

After analysing graphs of Bitcoin’s price, the authors said: “Initially, the graphs we got were a bit crooked, which did not augur anything promising.

“But when we took a closer look at the data, suddenly it turned out that this crookedness originated from the first two years of the analysed period, that is, from the time when the market was just starting to shape itself.

“Later on, the rates of return fluctuated according to the inverse cubic law.”

Cubic law refers to a method of judging a market’s maturity.

Analysts plot price changes in one-minute sequences and compare how they match up.

The authors of the new research looked at Bitcoin’s price between 2012 and April 2018 to determine that despite early irregularities, the market has become more mature is recent years.

They added Bitcoin’s maturity was “particularly evident in the last six months of the examined period”.

In another sign likely to please investors, the researchers said Bitcoin acted with the functions of fluctuations in rates of return as “regular, mature markets, such as the stock, dollar, oil or bond markets”.

However, not everyone agrees with the suggestion Bitcoin is a worthy investment.

Treasury Committee Chair Nicky Morgan has labelled the burgeoning world of cryptocurrency investment as a “wild west” industry.

She said: “Bitcoin and other crypto-assets exist in the Wild West industry of crypto-assets.

“This unregulated industry leaves investors facing numerous risks.

“Given the high price volatility, the hacking vulnerability of exchanges, and the potential role in money laundering, the Treasury Committee strongly believes that regulation should be introduced.”

Alan Zibluk Markethive Founding Member

Markethive

Forest Fires of Anger – Uncover the source of your anger

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Uncover the source of your anger

Written by June Hunt on 17/04/2018
Series: Weekly Devotional
Tags: Anger, Fear, Hurt, Injustice, Frustration
Search me, O God, and know my heart! Try me and know my thoughts! And see if there be any grievous way in me, and lead me in the way everlasting.

Psalm 139:23-24
A rim fire ravaged a magnificent California National Park in 2013. This destructive fire seemed to be caused by a hunter who started an illegal fire that spread out of control. Imagine … this small fire that the hunter considered manageable burned over 250,000 acres!

Just a single flame in the wrong place and at the wrong time can quickly become a blazing inferno. Anger, hidden deep in the heart, can happen the same way. When hurt, injustice, fear or frustration smolder followed by the dry, hot winds of agitation, an angry inferno can quickly develop. If you find yourself losing your cool frequently, examine your heart to see if a deeper wound exists that gives rise to your anger. Fires of anger arise from four causes.

1. Hurt: Your heart is wounded.
Everyone has a God-given inner need for unconditional love. When you experience rejection or emotional pain of any kind, anger can become a protective wall keeping people, pain and hurt away. A biblical example of this is the sons of Jacob. Joseph was the father’s favorite – even making Joseph the famous “coat of many colors.” Feeling hurt and rejected by their father, the 10 older sons became angry and vindictive toward their younger brother. …  “But when his brothers saw that their father loved him more than all his brothers, they hated him and could not speak peacefully to him.” (Genesis 37:4).  

2. Injustice: Your right is violated.
Everyone has a knowledge of right and wrong, fair and unfair, just and unjust. When you realize that an injustice has occurred to you or to others (especially to those you love), you may feel angry. If you hold on to the offense, unresolved anger can begin to take root in your heart. A biblical example of this is King Saul’s unjust treatment of David evoking Jonathan’s anger. Jonathan, son of Saul, overheard his own father pronounce a death sentence on his dear friend David. …  “Jonathan answered Saul his father, ‘Why should he be put to death? What has he done?’ But Saul hurled his spear at him to strike him. So Jonathan knew that his father was determined to put David to death. And Jonathan rose from the table in fierce anger …” (1 Samuel 20:32-34). 

3. Fear: Your future is threatened.
Everyone is created with a God-given inner need for security. When you begin to worry, feel threatened or get angry because of a change in circumstances, you may be responding to fear. A fearful heart reveals a lack of trust in God’s perfect plan for your life. A biblical example of this is, again, King Saul. He became angry because of David’s many successes on the battlefield. (Read 1 Samuel 18:5-15, 28-29.) He was threatened by David’s popularity and feared he would lose his kingdom. …  “Saul was very angry … ‘They have ascribed to David ten thousands, and to me they have ascribed thousands’ … Saul was afraid of David because the LORD was with him but had departed from Saul.” (1 Samuel 18:8, 12).  

4. Frustration: Your performance is not accepted.
Everyone has a God-given inner need for significance. When your efforts are thwarted or do not meet your own personal expectations, you sense of significance can be threatened. Frustration over unmet expectations for yourself or for others is a major source of anger. A biblical example of this Cain. Both Cain and Abel brought offerings to God, but Cain’s offering was unacceptable. Cain had chosen to offer what he himself wanted to give rather than what God said was right and acceptable. When Cain’s self-effort was rejected, his frustration led to anger, and his anger led to the murder of his own brother. … “In the course of time Cain brought to the LORD an offering of the fruit of the ground, and Abel also brought of the firstborn of his flock and of their fat portions. And the LORD had regard for Abel and his offering, but for Cain and his offering he had no regard. So Cain was very angry, and his face fell. … Cain spoke to Abel his brother. And when they were in the field, Cain rose up against his brother Abel and killed him” (Genesis 4:3-5, 8).

Probing into buried feelings from your past can be painful. Sometimes it might even feel easier to stay angry than to uncover the cause, turn loose of your “rights” and grow in maturity. Like a forest fire ignited by one small “controlled” hunter’s fire, a minor, unexpected disappointment or strain may flare an angry reaction that could devastate your life. Make every effort to discover the source of your anger and deal with it by releasing it to God in prayer with His grace and His help.

Pray this week:
Lord, thank You for loving me. Since You know everything, You know the strong sense of (hurt, injustice, fear, and frustration) I have felt about (name or situation). Right now, I release all of my anger to You. I trust You with my future and with me. In Jesus’ name. Amen.

Which of the four sources of anger resonates most with you and your experience of anger? How so?

Alan Zibluk Markethive Founding Member

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Bitcoin price analysis – Break of 6000 or breakout to 12000?

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Bitcoin price analysis - Break of $6,000 or breakout to $12,000?

Bitcoin price analysis – Break of $6,000 or breakout to $12,000?

  • BTC nearing a point of breaking out on the long term.

  • Falling wedge suggests, it should be upside breakout.

Bitcoin, the largest cryptocurrency by market capitalisation and defacto King of the crypto world, has been trading in a broad range of $6,000-$7,000 for past many weeks and is now reaching a point where it is potentially make or break for the bulls.

BTC/USD is down one cent of a percent at $6,185 in less than one percent range for the day, in a sign of lower weekend volatility. After falling from the upper end of the range, which is also a descending trendline resistance, BTC is now heading towards lower end of it – around $5,900.

This wedge formation, although has failed many times in the past, could be one positive trigger that the bulls were searching for. If bulls manage to bounce from the lower end of this range, then the next move on the upside should result into a breakout with potential targets of beyond $12,000 in the next few months.

BTC/USD daily chart:

 

Manoj B Rawal

FXStreet

 

Alan Zibluk Markethive Founding Member

Markethive

Nagri-HL has got permission to be sold in EU

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New field tests have proven Nagri-HL efficiency!

Head of NagriTech in EU Stefano Marzocchi has great news for all Nagri supporters. Today, the results of new laboratory and field tests from the Italian laboratory have come. Based on them, we have got the new certificates for Nagri-HL improved testing.

And the best news for today! Nagri is continuing to make all to become legally bought and sold all around the world. We have already started preparations for selling — new bottles and labels are coming! Soon, we will start producing Nagri-HL in EU, Brazil, and CIS countries.

NagriCoin — a project of of international biotechnology company NagriTech. For more info: https://nagricoin.io/

 

– #AgriTech company that went for #ITO instead of #IPO 
– Unique proprietary product
– Token to be listed on #cryptocurrency exchanges in October

NagriTech is an agricultural company unrelated to either blockchain or fintech, they only released a token (NagriCoin) to represent the company’s revenue and potential.

Investors therefore have a blockchain asset that is tied to a real-world business which is a rare strategy at this stage of blockchain technology business.

The company developed a plant nutrient formula that stimulates the plant growth and at the same time lowers the levels of harmful elements in soil.

The target market for NagriTech’s proprietary plant nutrient are agricultural countries in Africa and other emerging markets. The research and thorough testing went on for 7 years and costed 5 MM USD.

At this point, NagriTech is a startup that is not yet profitable.   https://nagricoin.io/

Alan Zibluk Markethive Founding Member

Markethive

Covetousness Be Content with what You Have

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Be Content with what You Have

Written by Dan Lee on 04/07/2017
Series: Weekly Devotional
Tags: Contentment, Covetousness, Greed, Envy, Satisfaction
But godliness with contentment is great gain.

1 Timothy 6:6
If they are asked to name some of the Ten Commandments, many people will say, “You shall not steal; you shall not murder; you shall not commit adultery.” But few will mention number ten, which is, in its shortest version, is “You shall not covet” (Exodus 20:17). Here are four reasons to watch out for covetousness:

It’s as bad as any other sin
When the Apostle Paul describes the relationship between sin and the law in his great epistle to the Romans, does he mention sexual sin or murder? No, he mentions covetousness!

“. . . for I would not have known what it is to covet if the law had not said, ‘You shall not covet.’ But sin, seizing an opportunity through the commandment, produced in me all kinds of covetousness. For apart from the law, sin lies dead” (Romans 7:7-8).

Covetousness is so significant that Paul uses it here as representative of ALL sin.

Covetousness is Idolatry
Would you build an altar in your home so you could worship a statue? Of course not! So why would you habitually practice covetousness, which amounts to the same thing? “Put to death therefore what is earthly in you: sexual immorality, impurity, passion, evil desire, and covetousness, which is idolatry. On account of these the wrath of God is coming” (Colossians 3:5-6).

God sees our heart
Why are the commandments about stealing, killing, and adultery so well-known, but covetousness is not? Perhaps because the others are outward and visible, while covetousness is an inward sin, an attitude rather than an action.

But God is as concerned with our heart – our inner being – as our outward behavior. Proverbs 4:23 says, “Watch over your heart with all diligence, for from it flow the springs of life.”

Jesus’ harshest words were reserved for the religious leaders, who maintained the appearance of holiness, but were sinful in their hearts: “And the Lord said to him, ‘Now you Pharisees cleanse the outside of the cup and of the dish, but inside you are full of greed (a form of covetousness) and wickedness’” (Luke 11:39).

Covetousness leads to other sins
We may try to appear good, but eventually, what’s in our hearts always shows up in our outward actions. Luke 6:45 puts it this way: “The good person out of the good treasure of his heart produces good, and the evil person out of his evil treasure produces evil, for out of the abundance of the heart his mouth speaks.”

The inward sin of covetousness often leads to the outward sins of stealing, killing and adultery – and more. John Piper, in his book, Future Grace, puts it this way: “Covetousness is a breeding ground for a thousand other sins.”

Fighting covetousness
What’s the opposite of covetousness? Contentment. If covetousness means wanting things we don’t have, contentment means being satisfied with what we DO have. We do this by reminding ourselves that the Lord has promised to meet ALL our needs: “And my God will supply every need of yours according to his riches in glory in Christ Jesus.” (Philippians 4:19).

Remember that NEEDS and WANTS are not the same. You will always see people who have more than you. If not your neighbors, then people on TV – celebrities with sports cars, big houses and servants, beautiful clothing and dazzling jewelry, and all the latest technology gadgets.

As Jesus spent His earthly days in humble circumstances, we can learn to be content if we have a home to live in and food to eat. In the same letter to the Philippians, Paul said, “Not that I am speaking of being in need, for I have learned in whatever situation I am to be content. I know how to be brought low, and I know how to abound. In any and every circumstance, I have learned the secret of facing plenty and hunger, abundance and need. I can do all things through him who strengthens me” (Philippians 4:11-13).

As we grow in contentment, trusting God to meet our needs, we will find ourselves desiring the things of this world less and less. The Holy Spirit will free us from the idolatry of covetousness, and we will find our ultimate satisfaction in our Lord Jesus, bringing much glory to God.

Pray this week:
Lord, I confess I am often guilty of covetousness — wanting things that others have. I admit that this is idolatry. By Your Holy Spirit’s power in me, I ask You to fill my heart with godly contentment. Help me to fix my eyes on invisible, eternal things rather than visible, temporary things. Help me to learn that my ultimate satisfaction is found in You alone. Amen.

Do you struggle with covetousness? Do you have a hard time being satisfied with the basic needs of life?

Alan Zibluk Markethive Founding Member