Category Archives: Markethive

Bitcoin BTC has Entered Re-Accumulation Phase’ Between 5800-9700

Bitcoin [BTC] has Entered ‘Re-Accumulation Phase' Between $5800-$9700

Bitcoin [BTC] has Entered ‘Re-Accumulation Phase’ Between $5800-$9700

Several market indicators and factors affect the price movements (bullish or bearish), in which traders and miners manage their positions accordingly. However, one thing which the miners have to account for perpetually is the mining rewards.

Since it is decreased by half every four years, the miners must decide on how to run their set-up profitably in the future. This accounts for the supply of the system. Moreover, inflation is Bitcoin [BTC] will also reduce considerably as the production decreases. Currently, the inflation on Bitcoin is above 3.5%. All of this, in turn, affect the price greatly.

Bitcoin Price Analysis: ‘Halving’ Timelines on a Logarithmic Scale

The reduction in mining rewards is a periodic process designed by default in Bitcoin [BTC]. These are facts and principals that miners and traders all have knowledge of, and the market sentiments are guided by similar reasons every four years. Tuur Demister, the Co-founder of Adamant Capital, has established an analogy between the price action and halving timelines.

This analogy is slightly different from the ‘bull and bear cycle‘ which is estimated on a linear price scale as opposed to this one. Furthermore, the analysis is performed on a logarithmic scale.

Tuur Demeester’s Price Analysis Based on Halving Sentiments (Source Tweet)

The next Bitcoin halving is a year away, scheduled at some time on 22nd May 2019. Hence, this period, according to him, marks the re-accumulation period as the price broke above resistance and support from the previous bull cycle at around $5800-$6000 levels.

BTC/USD Price Analysis from Halving Sentiments (TradingView)

According to his analysis, $5820-$5850 was the resistance and support level that markets the accumulation period with the bottom. It also marks the resistance to the beginning of the re-accumulation period. Furthermore, the re-accumulation can be expected to extend for another year below the $9650-$9700.

 

Nivesh Rustgi 26 mins ago

Alan Zibluk Markethive Founding Member

How to Become a Great Leader

Four traits you can learn from Deborah, Israel’s leader.

Written by GodLife on 21/05/2019
Series: Weekly Devotional
Tags: Bible, Leadership, Women
Villagers in Israel would not fight; they held back until I, Deborah, arose, until I arose, a mother in Israel.

Judges 5:7
Leadership comes from some of the strangest places. Over and over in the Bible, God tells us He sees what others do not in terms of capability and leadership. The story of Deborah in Judges 4 and 5 provides great insight into how God shapes leaders, from humble beginnings to wise judgement and even to defending their country. While there are many leadership lessons we can learn from Deborah, four stand out:

Great Christian leaders have confidence in their decisions because they depend on a close, personal relationship with God
Great Christian leaders trust their team to accomplish the task
Great Christian leaders are servants who don’t take credit for winning
Great Christian leaders rise to challenges through God’s strength
How did this all start?  
The book of Judges talks about many cycles of sin, slavery and salvation. Israel was oppressed because they had turned away from God, but when they turned back to Him, God raised up judges like Deborah to lead them. Judges were spiritual, political, judicial and often military leaders.

Why a close, personal relationship with God helps you in your decisions
As a wife, spiritual leader for the people, judge and prophetess, Deborah had to learn balance in all of those roles. Deborah had a special relationship with God. She was called by Him to lead, and she trusted God to show her His will. Her decisions were based on her relationship with God. Israel recognized that relationship and accepted her leadership. We should remember to seek God’s guidance to serve Him in whatever roles to which He calls us.

Great leaders trust the team
“My heart goes out to the commanders of Israel who offered themselves willingly among the people.” (Judges 5:9)  Unlike most of the judges, Deborah was not a military leader. God told her to commission a man named Barak to lead the army into battle. She knew there were others who had the skills to fight and trusted in them. Yet Barak refused to go into battle without her there. Even though Barak should have trusted God’s word, his condition for battle showed how much respect Deborah had as a leader. We learn that respect ran throughout the people.
Judges 5:15 tells us “the princes of Issachar came with Deborah, and Issachar faithful to Barak; into the valley they rushed at his heels."

Leaders should be servants
Deborah’s faith in God gave her confidence in the decisions she made. She had confidence in the military to carry out God’s plan. Deborah did not want any credit for the victory. She was modest yet assertive, taking on the mantle of leadership with strength and knowing when to step back. Great leaders follow Jesus’ example. “whoever would be great among you must be your servant . . . even as the Son of Man came not to be served but to serve, and to give his life as a ransom for many.” (Matthew 20:26, 28)

God gives you the strength to lead
While it was not typical for women to be judges in that time, Deborah heard God’s call and did not hesitate to give God’s words to the people. When the time came for action, she went with Barak to Kedesh. “Up!  For this is the day in which the Lord has given Sisera into your hand.  Does not the Lord go out before you?” (Judges 4:14)
God also granted her the gift of prophecy, proclaiming that Sisera (the commander of the enemy) would be delivered into the hand of a woman. When that prophecy came true, Deborah gave credit to God. Most of us try to depend on our own strength, only turning to God when we think we need it most. Deborah knew all of her strength came from God, and she walked with Him daily. Her actions provided a wonderful example to the people of Israel (and to us) of how God can use anyone, woman or man, to be a strong leader.

Pray this week:
“Lord, show me how to be a leader for You, no matter what role I am in. Give me opportunities to grow as a servant leader, following your example. Amen.” 

Which of the four traits of a good Christian leader do you struggle with? 

Alan Zibluk Markethive Founding Member

Bitcoin Falls Back from 8000 Levels

Bitcoin Falls Back from $8,000 Levels

Bitcoin Falls Back from $8,000 Levels

Bitcoin looks like it is struggling now to crack resistance at $8,000 and has fallen back sharply in the US session.

At the moment, BTC is back around $7,600 and we will be watching with interest today as to whether price can rebound. We have been seeing all the dips get bought recently, but should price break the $7,500 level, then there is a good chance we will test $7,000 where price could consolidate for some time, before trying its luck at higher prices.

$7,000 is actually pretty strong support here as we can see that price has bounced off that level a couple of times, most notably on the back of the flash crash last week.

While that level did fall for a moment, price quickly retraced and consolidated above that point.

For that reason, that is now a key downside level. I suspect price will hold for now, but it is an interesting 24 hours ahead, as this is the first sign of a bit of selling (outside the flash crash) in a while, and it is the first time price hasn’t held a key resistance level.

 

Posted Thursday, May 23, 2019 by Rowan Crosby

Alan Zibluk Markethive Founding Member

Bitcoin halving is exactly 365 days away BTC to 55000?

Bitcoin halving is exactly 365 days away, BTC to $55,000?

Bitcoin halving is exactly 365 days away, BTC to $55,000?

Hardware wallet manufacturer, Trezor, took to Twitter to point out that in exactly 365 days we will experience the much-anticipated third Bitcoin halving in history.

Twitter has been buzzing, and it is all about Bitcoin’s third halving, which according to hardware wallet manufacturer Trezor, will take place in exactly 365 days.

In case you are wondering, this means that the number of Bitcoin issued per each block, mined every ten minutes, will fall from 12.5 BTC to 6.25 BTC. In other words, this reduction of 50% will cut the block reward given to miners in half and further slow the production of Bitcoin’s finite supply.

Approximately by May 2020, as it is an estimate based on current hash power, the number of BTC issued per day will be reduced from 1,800 to 900 and as these halving events always had a positive impact on the price of Bitcoin in the past, many analysts are now convinced that the increased scarcity will once again spark yet another parabolic rally.

One such leading crypto analyst, known in the industry as Plan B, took to Twitter at the end of March, to share his latest prediction model that indicates Bitcoin will hit $55,000 due to Bitcoin's coming halving in 2020.

The crypto researcher, shared his analyzes which shows the potential impact of Bitcoin’s coming halving.

According to the crypto trader, people ask him all the time where the money would come from.

'People ask me where all the money needed for $1trn bitcoin market value would come from? My answer: silver, gold, countries with negative interest rate (Europe, Japan, US soon), countries with predatory governments (Venezuela, China, Iran, Turkey etc), billionaires and millionaires hedging against quantitative easing (QE), and institutional investors discovering the best performing asset of last 10 yrs.'

Although a spectacular prediction, the crypto trader added that time will be the judge on his prediction, and that 'we will probably know one or two years after the halving, in 2020 or 2021'.

Just today Chepicap reported that Brian Kelly explained on CNBC's Fast Money, why he feels the price of Bitcoin is on the rise, and made an overall bullish case, where he points out how institutional investors are coming into the space, retail applications are beginning to be rolled out and that we are about a year away from the next halving event.

 

22 MAY, 2019 BY JOERI CANT

Alan Zibluk Markethive Founding Member

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Bitcoin Price Prediction – Good Crypto Market Entry Time for Investors to Buy BTC with USD?

Bitcoin Price Prediction -  Good Crypto Market Entry Time for Investors to Buy BTC with USD?

Bitcoin Price Prediction – Good Crypto Market Entry Time for Investors to Buy BTC with USD?

The cryptocurrency market started on week 21 of the year 2019 with a sharp correction in its prices, as many had expected, after high peaks of the year in all the protagonists of the ecosystem. At the time of writing a large red tide is dyed on the green sea that prevailed in the main crypts of the top 10 of the market.

The market has returned to levels of $ 240 billion and Bitcoin has lost control when it went down to 56.9%, after being at 60% a couple of days ago.

At the time of writing its spot price for trading in the BTC/USD pair it is $ 7,937.83 USD, with a contraction of -2.16% in the last 24 hours. Its volume has fallen from levels close to 23 trillion dollars, almost 50% less than what was moving a couple of days ago. Earlier today it was down around $7,749 after testing $8,250 over the weekend again.

A strong sale of assets in BitMex for almost $200 million and the possible delay in the decision of VanEck ETFs, have led to a retreat of nervous investors, while the big ‘whales' wait in the rear with massive orders of the purchase at lower prices of the cryptocurrency.

BitMex's XBT / USDT pair continues to dominate the scene with 16.24% contribution to the cryptocurrency market with its BTC derivative products and is the main indicator of the price, well above BW.com and Coinall, which follow it very closely away with 2.57% and 2.23% respectively.

In the short term, BTC price presents an interesting scenario for this current week. His upward trajectory projects us a sharp change in his current level to close levels @ $7100 to then resurface in a bullish race back to the @ $8000.

In short, we would be talking about a winning position for those who manage to enter on time, up to 15% profit.

The support is maintained in the moving average of prices for 100 days, which if broken could ensure compliance with the respective wave.

MACD has made a bearish cross, with red bars in the negative direction gaining position, indicating the path that BTC will follow in the coming days.

The Momentum indicator, on the other hand, has entered the descent zone but maintains a soft, almost horizontal slope that indicates that the fall of a prolonged bear market is not yet feasible in the cryptocurrency.
In the medium term, the cryptocurrency is totally bullish. His parable projected even though it was broken this weekend, it seems that we are in the presence of a new similar and bullish projection. The price levels are projected between support below the 7k line and a maximum resistance close to 10k. A difference of almost 30 percent is enough for a crypto asset for everything it represents.

The 30-day EMA indicator is medium-term support, which is still far from being beaten.

RSI for its part has not left the purchase zone and maintains a bullish position in the area to the rear to return to overbought levels when the bulls take control of the market again.

Aroon Uptrend has begun to descend but without force, and its counterpart still shows no signs of recovery, so the bullish moment still lasts in the medium term for the main cryptocurrency.

In general BTC and the crypto market are giving signals to those who did not have a clear picture of when to take positions in the main crypto markets. Decisions such as the ETF underway to be approved or rejected by VanEck, which expires this Tuesday, May 21, may mean the start of a bullish or bearish rally for BTC in the coming weeks.

By Daniel Jimenez – May 21, 2019

Alan Zibluk Markethive Founding Member

Hard Sayings of Jesus

Don’t let anything — however shocking — keep you from Jesus

Written by Dan Lee on 12/06/2018
Series: Weekly Devotional
Tags: Confusion, Identity, Jesus, Discipleship, Lord
And when Jesus finished these sayings, the crowds were astonished at his teaching, for he was teaching them as one who had authority, and not as their scribes.

Matthew 7:28–29
God’s Word, the Bible, is full of promises and comforting words. But in both the Old and New Testaments we find words that challenge rather than comfort us, or even cause us to be troubled or confused. 

Some of Jesus’ words are hard because His goal was not our happiness in this life, but our sanctification. That is, that we live holy lives that bring glory to Him. 

Let’s allow the difficulty of some of God’s words cause us to praise Him in faith, knowing that His wisdom and knowledge are infinite and perfect. And let us rejoice, knowing that though we see Him only dimly now through a clouded glass, we will soon see Him face to face (1 Corinthians 13:12). 

Here are a few of Jesus’ hard sayings, with a short explanation of each. I trust they will help you know and follow Him better.

No. 1: Eat His flesh and drink His blood
“So Jesus said to them, “Truly, truly, I say to you, unless you eat the flesh of the Son of Man and drink his blood, you have no life in you.  Whoever feeds on my flesh and drinks my blood has eternal life, and I will raise him up on the last day.” (John 6:53-54)

This is one of Jesus’ most famous hard sayings. Many of his followers left him after hearing it, and the disciples even said, “This is a hard saying” (John 6:60). 

We also know that some critics, taking the words literally, accused Christians of being cannibals. So what did Jesus mean when he said these words?

Jesus was not instructing people to literally eat his flesh and drink his blood, but that his body and blood, broken and shed for us on the cross, were going to be life-giving and nourishing for all who believed in him. Later, during the Last Supper, He explained further:

“Now as they were eating, Jesus took bread, and after blessing it broke it and gave it to the disciples, and said,  ‘Take, eat; this is my body.’  And he took a cup, and when he had given thanks he gave it to them, saying, ‘Drink of it, all of you, for this is my blood of the covenant, which is poured out for many for the forgiveness of sins.’” (Matthew 26:26-28)

So in saying that His followers were to “eat his flesh” and “drink His blood,” Jesus was telling us that we must take Him – His very life – into ourselves to receive His forgiveness. And to this day, we celebrate Holy Communion as a remembrance of His sacrifice.

No. 2: Hate your family and yourself
“If anyone comes to me and does not hate his own father and mother and wife and children and brothers and sisters, yes, and even his own life, he cannot be my disciple.” (Luke 14:26)

Is Jesus, the God of Love, really telling us to hate? No! Jesus here is using hyperbole, or exaggeration, to make His point. We know that He never endorsed breaking any of the Ten Commandments, including “Honor your father and mother.” 

Jesus is saying that, in comparison to the love and devotion He deserves, any other love, including for ourselves, should look like hatred. He calls us to learn to love Him so deeply and to obey Him so completely, that any human allegiance, even the desire to preserve one’s life, looks like hate in comparison. 

Jesus told us in John 15:13, “Greater love has no one this, than that someone lay down his life for his friends.” And of course, He demonstrated this when He went to the cross, laying down His own life for the forgiveness of mankind.

No. 3: Tear out your eye
“If your right eye causes you to sin, tear it out and throw it away. For it is better that you lose one of your members than that your whole body be thrown into hell.” (Matthew 5:29)

Here’s another use of hyperbole. Jesus is telling us here that if anything keeps us from following him, it requires drastic action. Our very eternal destiny may be at stake. 

In practical terms, it means that I may need to end that dating relationship that keeps drawing me into sin. Or, I may need to quit my job if my boss demands that I cheat. To avoid sin, God might ask me to enroll in a different school or even move to another city. That’s how important that is to Him. We should be desperate to live holy lives, in the power of His Holy Spirit. 

Were Jesus' teachings hard, radical, even shocking? Yes! They still have great power to give us reason to worry about indifference toward Him. As Missionary Hudson Taylor reportedly said: "Christ is either Lord of all, or is not Lord at all." As you encounter other difficult sayings in God’s Word, always trust that He, and His words, are faithful and true. And as you dig a little deeper and ask for His wisdom, He will teach and guide you, enabling you to live a life that glorifies Him. 

Pray this week:
Lord Jesus, as your disciples said, who else would I turn to? You have the words of eternal life. However challenging your call is to me, I will love and follow you, because you are my only hope.

For you, what is the hardest thing about following Jesus? Write for prayer and help.

Alan Zibluk Markethive Founding Member

Bitcoin price analysis: – BTC is back below 8000 amid mounting selling pressure

Bitcoin price analysis: - BTC is back below $8,000 amid mounting selling pressure

Bitcoin price analysis: – BTC is back below $8,000 amid mounting selling pressure

  • The resistance at $8,300 has stopped the recovery.

  • The short-term sellers pushed Bitcoin back below critical $8,000.

BTC/USD is hovering below $8,000 after an initial attempt to settle above $8,300 during early Asian hours. The first digital coin as lost over 3% of its value since the beginning of the day, though it is still in the green zone on a day-on-day basis. At this stage, the recovery from the recent lows has stalled, but the coin is still moving within the long-term bullish trend with 4.5% of gains on a day-on-day basis.

Bitcoin's technical picture

On the intraday charts, Bitcoin's recovery is capped by the psychological $8,300. This resistance area is strengthened with the upper boundary of 4-hour Bollinger Band (currently at $8,276) and the intraday high of $8,304. Once it is cleared, the upside is likely to gain traction with the next focus on the previous week high of $8,384 followed by the upper boundary of the daily Bollinger Band at $8,770.

On the downside, the local support is seen at $7,800 handle with the intraday low marginally above this level. A sustainable move lower will trigger more sell-off with the next aim at $7,650 with SMA50 4-hour on approach and a confluence of SMA100 and SMA200 (1-hour) right below this handle.

BTC/USD, 1-hour chart

 

 

Tanya Abrosimova

FXStreet

Alan Zibluk Markethive Founding Member

Being a Follower of Jesus

Whom Will You Follow?

Written by Susan on 19/04/2016
Series: Weekly Devotional
Tags: Disciple, Jesus, Life, Love, Purpose
Trust in the Lord with all your heart and lean not on your own understanding; in all your ways submit to him, and he will make your paths straight.

Proverbs 3:5-6
Why Would You Want to Follow Someone?
“A disciple is not above his teacher, nor a slave above his master.” Matthew 10:24

Our almighty God, in the form of a human servant, came to reach out to you, me, and all people. We can be followers of Jesus. Remember, there has never been another person like Jesus. He leads us straight into the presence of our heavenly Father.

Jesus is perfect in His love for others, His power over evil, His compassion for people and His hatred of sin. His understanding is endless, and His joy is deep. He drew all kinds of people to Himself when He lived on earth. His presence was like a magnet to those who needed hope. He is everything good, and people really wanted to be around Him. He is truly one of a kind, full of hope, love, trust and forgiveness.

We Become Like the One We Think About, Care For, and Trust
“But he who practices the truth comes to the light, that his deeds may be manifested as having been wrought in God.” John 3:21

Silly little ducks. Have you watched them before? They all follow the mother without even thinking about where she is going. They make a line behind her – keeping her pace as best they can. For some reason I keep thinking of them as the perfect example of a disciple.

They never stop to consider anything except how important it is to keep their mother in their sight. They feel lost without her, they become so worried if they cannot find her. Yet, they are also very content when their eyes are set on her. They are ‘practicing the truth’ by watching her walk, swim, eat, and then doing the same. We have so very much to learn. We are like these ducklings. Yet, we have a perfectly caring leader.

We Are Like Him?
“Then God said, “Let Us make man in Our image, according to Our likeness….” Genesis 1:26

Try to realize that we ARE made in God’s image. We long for Him. We can know Him better and better; We were created to follow after Him. It is where we flourish, grow, live and find our true pleasure. When we follow Jesus, we become His disciples.

Pray this week:
Jesus, Give us the eyes to follow You. Make our hearts yearn for Your presence. Assure us as we attempt to follow You in our imperfect ways. May our pleasures be found ONLY in YOU!! Amen

What are the deepest desires of your heart?

Alan Zibluk Markethive Founding Member

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