Category : Bitcoin

Bitcoin Trading

Bitcoin Price Weekly Analysis – BTC and USD Pair

Bitcoin Price Weekly Analysis - BTC and USD Pair

The Bitcoin price struggled so much with the SegWit2X confusion and moved below 6500 USD.

The BTC and USD pair could continue to diminish, and it may also break at 6000 USD.

Technical Factors – BTC/USD Pair:

The Bitcoin price had struggled to move over 7770 USD and started a downward movement. With SegWit2X confusion, there has been a break in the bullish market with the support at 6780 USD. It is clear in the 4-hours trading chart of BTC with USD. The BTC/USD pair is currently well in the 6500 range and stays bearish.

Data feed and Chart from SimpleFX

It had been yet another bullish week – the bitcoin price had moved over the 7500 US Dollar level. Bitcoin was even able to jump over 7700 USD and was trading at a new all-time high of 7773 USD. After that because of the Hard Fork confusion, it failed to maintain the bullish trend and began to fall. It broke that the 23.6 percent Fib retracement level of the previous wave by the 5362 USD. The downward move was influential as the cost broke the 7000 level along with the simple moving average 100 – H4.

Bitcoin Price Weekly Analysis Bearish Trend

Bitcoin Weekly Price Analysis

The BTC sellers even broke a significant uptrend with a decent support at 6780 USD as per the 4-hours chart. Also, the BTC/USD pair is currently well under the 50 percent Fib retracement level of the previous wave, that is 5362 USD. That is why there may be a possibility for this decline to continue even longer. At the moment, the BTC/USD appears to be come down to $6000, which could be a new support. When a break occurs at $6000 range, the price could come down even more.

The price could come down between $5600 and 5700.

BTC/USD pair technical indicators:

  1. 4-hours Moving Average – The MACD is currently gaining pace into being bearish.
  2. 4-hours Relative Strength Index – The Relative Strength is at the oversold levels.
  3. The Current Major Support Level is 6000 USD.
  4. The Current Major Resistance Level is 6750 USD

 

Read More
Bitcoin Mining

Best Bitcoin Mining Software to Use In 2017

best-bitcoin-mining-software-2666200_1280

In this blog post, you would be able to get a complete insight and information related to the best bitcoin mining software. Plus, we would also be discussing the platforms/environment they best work as in the year 2017. It is a known fact that software is best known for their quality of being user-friendly in interface functioning. They do act as the intermediary between the user and so as the hardware devices of the computer. In short, we would define the mining software as the middle man which can speak about the hardware as well as users and also about the blockchain network.

Why Should You Own Bitcoin Mining Software?

You might have listened to so many people as they talk about the Bitcoin mining software. But the main question that does hit so many minds is that why you should own it. The simple answer is that this software is not involved in working independently. They do need the assistance of the specific hardware configurations so that they can work better along with others. In simple words, this software would perform the calculations by making the use of hardware.

You should never let your computers be using this best bitcoin mining software. In most of the ordinary conditions, it might happen that they won’t be getting installed as they do not set best on the demanding requirements. But if by chance, it gets installed, then at some stage you would need another personal computer.
The main purpose of this blog is not to scare you. But we are all here to enlighten up your mind related to different mining software accessible.

Best-bitcoin-mining-software-2017

About The Importance of Mining Software:

As we have already established in our discussion that a bitcoin mining software is primarily used to transmit super calculations that are to be done by the hardware. These calculations are to be performed on the side of blockchain network at best. This is the right way through which you would be able to raise up the number in the circulation of cryptocurrencies on the daily bases. You will be finding a bitcoin mining software to be used as to monitor the performance of the hardware. These best bitcoin mining software involves in controlling and monitoring the activities such as hash rate, average speed and also the fan speed of the miner on which the software is installed.

Main Features of Mining Software Toolkit:

  • It is set with the simple and easy to use interface.
  • It is designed to switched between many of the power saving modes.
  • They are excellent to get support for fast share submissions.

One of the most prominent features of the bitcoin mining software is that it does carry out the profit calculation efficiently. It would eventually be supporting you right in your mining status. This feature is essential no matter if you are making profit or not. It is readily available for the platforms of Windows and Mac OS X Operating Systems.

List of Popular Bitcoin Mining Software in 2017:

1. BTC Miner Software:

The BTCMiner has mainly defined as the medium of open source Bitcoin Miner with ZTEX USB-FPGA module 1.5 boards. It does have the board arrangement that contains the USB interfaces all along with the medium of offering excellent services for communication and programming. This miner is available for the platforms of Windows and Mac OS X Operating systems.

2. CG Miner:

This bitcoin mining software mining tool is one of the most commonly used by bitcoin miners. It is all loaded with the technical features: the fan speed control, remote interface capabilities, and also the access to self-detection of new blocks. You can make use of it on the platforms like Windows, Mac OS X, and Linux.

3. EasyMiner:

This Bitcoin mining software is GUI based, that eventually acts as a wrapper for the CG and BFG mining software. It can be used for both pooled mining and solo mining. It can work best on Windows, Mac OS X, and Linux platforms.

Image Source: microsoft.com/en-us/store/p/bitcoin-miner/9wzdncrdhxb6

Read More
Altcoins Bitcoin Cryptocurrency Trading

Bitcoin Cash Price Weekly Analysis – BCH vs. USD – Uptrend

Bitcoin Cash Price Weekly Analysis

Bitcoin cash has experienced a surge in price towards $700 against the USD. BCH vs. USD is presently ameliorating and retaining an essential support at $600

Bitcoin Cash Price Weekly Analysis

Key factors

• Bitcoin coins price surged up this past week and broke $600 in opposition to America dollar.
• There is a primary bullish trend line forming with an assist at $600 on the four hours chart of BCH/USD (information from Kraken).
• The pair should remain above the $600 handle if it has to stay inside the bullish region.
Bitcoin cash rate rocketed up towards $700 in opposition to the US dollar. BCH/USD is currently improving and retaining a vital support at $600.

Bitcoin cash price support

It changed into a bullish week for Bitcoin cash price as it climbed above the $500 and $600 ranges towards the US dollar. The price even made a nice upside pass above $650 to test the $700. But, it failed at $684 and started out a downward correction. There was a downward reaction going underneath the 23.6% Fib retracement level of the closing wave from the $430 low to $684 excessive.

However, the downward circulates found aid near $585. The 38.2% Fib retracement stage of the last wave from the $430 low to $684 high also protected losses. At the downward, there may be a leading bullish trend line forming with support at $600 at the 4-hours chart of BCH/USD. So long as the Bitcoin Cash and US Dollar stays above the trend line aid and $600, it is possible to continue shifting higher. At the upside, the $650 and $685 tiers are resistance tiers. However, the most important resistance is closer to $700.

In another fashion, a break of $600 could spark a wave towards $550 and the 50% Fib retracement level of the previous wave from the $450 low and $684 high; the general trend is bullish as long as the price stays above $600.

Read More
Bitcoin Cryptocurrency Trading

Bitcoin Price Weekly Analysis – BTC vs. USD

Bitcoin Price Weekly Analysis

Bitcoin price stays well in the bullish quarter above $7000 towards the US dollar. BTC/USD would possibly break $7500 soon and could even test $8000.

Bitcoin Price Weekly Analysis

Key factors

• Bitcoin price is gaining tempo and will probably smash the $7500 resistance against US dollar.
• There is a significant bullish trend line forming with help at $7300 at the 4-hours chart of BTC/USD (information from SimpleFX).
• The pair is now nicely supported above the $7300 and $7000 aid level for higher gains.
Bitcoin price remains nicely within the bullish zone above $7000 towards US dollar. BTC/USD might damage $7500 quickly and could even take a look at $8000.

Bitcoin price stays purchase on Dips

There had been monster gains in Bitcoin fee because it moved above $6500 and $7000 in opposition to US dollar. The price attracted a variety of pace and investors succeeded in even breaking the $7200 barrier. A current high was formed close to $7477. Before $7477, there has been a swing high at $7438 for a downside correction. Dealers drive the rate backward in the direction of $7000, and a low was formed at $6945.

Later, the price recovered sharply and moved above $7200. There was even a near above the 76.four% Fib retracement level of the remaining drop from the $7438 high to $6945 low. It opened the doors for higher gains above $7438. It looks as if the price could soon smash $7500 and check the 1.236 Fib extension of the final drop from the $7438 excessive to $6945 low at $7555. Above the $7555 stage, the next target will be the 1.618 Fib extension of the ultimate drop from the $7438 high to $6945 low around $7700.

If consumers continue to be on top of the market, there’s even a risk of a test of $8000 within the coming days. At the disadvantage, there is a prime bullish fashion line forming with support at $7300 at the four hours chart of Bitcoin vs. USD, which is also a purchase region.

Read More
Bitcoin Trading

Bitcoin Trading: CME Group to Officially Launch Bitcoin Futures

There is excellent news for almost all the individuals out there that CME Group has come over with the announcement as related to the launch of bitcoin trading: futures. They will be coming up with the launching as straight into the fourth quarter of 2017, pending with some of the associated regulatory review periods.  This new contract will be based over on top of the CME CF Bitcoin Reference Rate (BRR). In simple, we would say that this agreement would finally be serving out with the one-day reference rate for U.S. dollar price of bitcoin.

For the information of the readers, we would like to mention that since November 2016, CME Group and Crypto Facilities Ltd had overall calculated and published with BRR. This will be aggregating the trade flow measurement as about some of the important bitcoin spot exchanges areas. This might happen over the time – the Dollar price of one bitcoin as of 4:00 p.m. London time.

bitcoin trading futures

The Main Purpose of Designing BRR:

BRR has explicitly been designed as for IOSCO Principles. In these principles, we would be mentioning up with the financial Benchmarks. Bitstamp, GDAX, itBit, and Kraken are known out to be part of constituent exchanges that was somehow showing their major contributions in the pricing date to calculate the BRR.

Dr Timo Schlaefer who is the CEO of Crypto Facilities has mentioned in one of his statements that we are much anxious to work along with CME Group as in favour of this product. BRR has been witnessed to be used for the range of settlement mechanism as about this major product. BRR has been specifically contributed to the qualities that make it come out to be reliable and often transparent in reflecting the global bitcoin-dollar trading. It has undoubtedly made itself one of the first choices of the financial centres as well as trading firms and in the data providers all over the world.

Crypto Facilities Ltd. And CME Group did come about with the publishing of the CME CF Bitcoin Real-Time Index (BRTI). It does play a vital role where it is providing the wholesome price transparency to encounter the bitcoin trading marketplaces. BRTI has been making an extensive use of the global demand right which it would be able to buy and sell the bitcoin into the consolidated order book. This BRTI is also published in the condition of real-time and is suitable for marking portfolios and even in terms of executing intra-day bitcoin transactions and the risk management.

The Process

As it is all evidence that there are so many options of Bitcoin review futures inside the marketplaces that would be soon coming into the way. Just as after the course of signing the exclusive BTC market data dealing with the Gemini Exchange in August; CBOE’s CEO Ed Tilly it was stated that the company and so as his team is looking much forward in response to the immediate growth of the interest in cryptocurrencies right through the creation of the bitcoin futures as being traded on top of the regulated exchanges.

It does offer some of the greatest benefits to the users namely transparency as well as price discovery and deep liquidity and centralized clearing. It is to be highlighted that over the past few years the Cryptocurrency market capitalization has raised up to the level of $172 billion is where the Bitcoin trading is making the representation of about 54% of the total or even $94billion. Overall, we would bring the concluding fact that this bitcoin spot market has roughly grown to the amount of $1.5 billion in notional value each day.

To Sum Up:

This was the end of the comprehensive discussion about how Bitcoin trading CME group will be bringing closer the launch of Bitcoin futures soon for the market holders. It would be much improved and enhanced with its features provision.

What do you think?

Read More
1 2 3 4 7