Trade Binary Options

How to Trade Binary Options

General Risk Warning:

The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.
  1. There are only 2 types of transactions you can make with binary options: CALL and PUT.

The IQ Option platform allows our traders to make investments starting from just $1.

 

  1. Call – Option for rising prices. If you believe the price is about to go up, choose this option.

PUT – Option for falling prices. Buy this option when you expect the price to decrease.

If you see on the chart that the price isn’t rising or falling, that means that right now there’s a “neutral trend.” In this case, it’s best to hold off on buying this option. Consider choosing a different asset to invest in.

Trend examples:

 

  1. Never invest more than 2% of your capital in a single option. This is the golden rule for any investor. This way you can manage your investing without losing your head…or your money
  2. In order to improve the quality of your results, use technical & fundamental market analysis.
  3. Try different asset classes. If you’re not getting results with currency pairs, try stock indices. On IQ Option you can  find over 500 types of assets, including Amazon, Facebook, and Google.
  4. Sign up for IQ Option’s, where you’ll find out how to analyze trends, choose a trading pattern, and personally answer any questions you may have.

How to register & trade on IQ Option

 

General Risk Warning:

The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.





General Risk Warning:

The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

 

 

Get Bitcoin Debit Card

Get Bitcoin Debit Card

Bitcoin Debit Card

Bitcoin Debit Card
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Study Reveals Growing Sophistication in Malicious Mining of Cryptocurrency

Cryptojacking Report

Several Chinese researchers from Fudan University, Tsinghua University and the University of California Riverside have produced the first systematic study of the malicious mining of cryptocurrencies, known as cryptojacking, unveiling increasing complexity over time. And it doesn’t seem as if this trend will die down anytime soon.

What Is Cryptojacking?

Cryptojacking has asserted itself in the cybersphere as the valuation of the cryptocurrency sector soared over the past 18 months and refers to where a hacker hijacks the processing power of a computer to mine cryptocurrency on the hacker’s behalf. AdGuard reported in November 2017 that over 220 cryptojacking websites were found among the top 100,000 websites according to Alexa. And this trend is not likely to die down anytime soon.

As reported by Bitcoin Magazine in March 2018, the U.K.’s National Cyber Security Centre stated that “… it is likely in 2018-19 that one of the main threats will be a newer technique of mining cryptocurrency which exploits visitors to a website.”

The phrase “cryptojacking” burst onto the scene when it was found out that The Pirate Bay was experimenting with Coinhive in September 2017 to see if the non-profit could generate more revenue through its website. Coinhive allows you to add a script to a webpage and mine the cryptocurrency Monero (XMR) by utilizing a visitor’s processing power.

But the admins of The Pirate Bay mistakenly configured the settings to use a visitor’s entire processing power without their consent, which led to an explosion of abuse of the Coinhive service. Even though altruistic goals can be achieved using in-browser mining, as evidenced by UNICEF’s “Hope Page,” it has been increasingly utilized for nefarious purposes, with pressure mounting on services such as Coinhive to make it less attractive to cybercriminals.

Hackers can also capitalize off of a website’s weak security measures by dropping scripts into web pages to mine cryptocurrency, like what happened with the website of U.S. television program Showtime in September 2017. A recent research paper has highlighted that, even though many cases have popped up, cryptojacking may be even more prevalent than we think.

Existing Identification Techniques Only Scratch the Surface

First, the study examines the extent of cryptojacking, which has never been fully measured due to the arbitrary nature of surveying the cybersphere for this type of malicious attack. The research notes that existing approaches make assumptions that cryptojacking web pages exhausts the user’s CPU resources or contains keywords as malicious payload signatures, and it was noted that many counterexamples were discovered.

By targeting regular, repeated, hash-based computations with a cryptojacking detector called CMTracker for over 850,000 websites, the study was able to provide a more complete picture of what is really happening and noted that 53.9 percent of the identified samples would not have been uncovered by existing cryptojacking surveying approaches based on blacklists, which are both incomplete and inaccurate. Additionally, the results from CMTracker were vetted manually.

But how does CMTracker work and how did it manage to find nearly three times as many cryptojacking domains as the most recent reports? Two behavior-based profilers are used, one to detect automated mining scripts, known as the hash-based profiler, and one to monitor the calling stack of a website, known as the stack-structure based profiler. For the hash-based profiler, if a website uses more than 10 percent of its execution time on hashing, it is reported as a cryptocurrency miner.

The idea for the stack-structure profiler goes something like this: Mining tasks will not take place as the user is loading the page; rather, one or more dedicated threads are created since mining cryptocurrency comes with a heavy workload. If hackers use code obfuscation techniques to evade hash-based profiling, then the repeated behavioral patterns of the miner’s execution stack can be used to identify cryptocurrency miners.

The stack depth and call chain of mining scripts are repeated and regular. By observing whether a dedicated thread repeats its call chain periodically and whether the call chain occupies more than 30 percent of the whole execution time in this thread, a cryptocurrency miner is reported to be present. Along with the condition for a hash-based profiler, these two thresholds are the lower bounds from cryptojacking in the real world.

The final check is made manually, looking at the terms of service of each website to see if there is any user agreement that makes it clear to the user or implicit in their agreement that their processing power is being used for cryptocurrency mining while visiting the website. The study found that only 35 websites were “benign,” with implicit agreement being sought from users.

When evaluating the performance of CMTracker, the researchers chose a subset of 200 websites from the sample to manually check if cryptocurrency mining scripts were indeed running on the website in question and found no false positives. While the paper acknowledges that some cryptojacking websites may have evaded CMTracker, “… neither we nor other publicly available reports showed any evidence of real cases that can escape CMTracker’s two behavior-based detector.”

How Rampant Is the Cryptojacking Problem?

Among all the top 100,000 sites according to the Alexa rankings, the CMTracker found 868 unique domains that contain cryptojacking and on a further evaluation of external links, including 548,264 distinct domains from the top 100,000 Alexa ranked websites, found a total of 2,700 cryptojacking sites.

As compared with previous reports, the situation is getting worse over time, illustrated by the table from the study below. Observed cryptojacking activities have increased 260 percent in just five months from November 2017 to April 2018.

table 2 insert

A 260% increase in observed cryptojacking from Nov. 2017 to Apr. 2018

The websites most affected are those related to adult content, art and entertainment; this makes sense, as most websites in these categories provide pirated sources, so users spend an extended amount of time searching for a particular movie, episode or video, which translates into higher profits for attackers. As more time is spent on the site, more processing power is committed to mine cryptocurrency.

Using a basic approximation technique based on the difficulty of mining Monero, as well as its block reward and price, the study estimated that hackers could gain $1.7 million from more than 10 million users per month.

In terms of global energy consumption, since the victims of cryptojacking are forced to consume more electricity, it costs more than 278,000 kWh extra units of power daily, enough energy to power a small American town with around 9,000 people. Using that annexed power, attackers are thought to make, collectively, around $59,000 per day.

The Main Players in the Cryptojacking Game

Who is responsible for cryptojacking? The study also investigates the players, and the figure below shows a real-world example of the interaction between each of these players. By using the distribution of different mining participants from a random subsection of their sample, some answers are provided.

flowchart

The cryptojacking process visualized and the players involved

Most participant domains occur in no more than three malicious samples, and only a small percentage of mining pools, mining distributors or miner deployers are found in more than 10 web pages. The results suggest that blacklists may be ineffective as malicious miners are not centrally controlled.

Another key result is that advertisers and mining services are mostly linked to cryptojacking websites. For instance, it notes a trend of advertisers turning to malicious mining, citing zenoviaexchange.com, a service similar to Coinhive, as an example of a former advertising service provider that’s now a miner.

Also, by studying the distribution of wallet IDs associated with mining scripts and finding that a given wallet ID is commonly associated with less than three malicious web pages, the data leads to the conclusion that many different actors benefit from abusing cryptocurrency mining services.

To better understand the dynamics of cryptojacking, the research also sheds some light on the life cycle of malicious miners. Around 20 percent of the miner deployer’s domains that are cryptojacking pages in the sample disappear in under nine days, but distributors migrate to newer domains at a lower rate. the study points out that “Interestingly, blacklists do not target distributor domains even though they rarely change.”

table 2

Life cycles of cryptojacking domains; miner deployers, distributors and mining pools

Evasion can also mean something more than simply migrating to a new domain. The study finds that, out of 100 cryptojacking sites in the sample, there were 56 instances limiting CPU usage, 43 instances of payload hiding and 26 instances of code obfuscation. For instance, a pirate streaming site can take 30 percent CPU for the video and only 10 percent of CPU for mining, making it difficult for the user to notice.

Two examples highlighted in the study illustrate the increasing sophistication of cryptojacking activities. Firstly, cryptojacking may occur through code obfuscation, where the malicious mining code is hidden or buried in the code.

Another notable technique used by some cryptojacking domains involves utilizing two different mining services, for example Coinhive and Crypto-Loot. In case either of the mining deployers are blocked by Ad Blockers or are shut down, the cryptojacking domain is resistant to any failure in either Coinhive or Crypto-Loot, in case either are blacklisted.

Protection and Mitigation Measures for Cryptojacking

Given that cryptojacking participants can use more sophisticated means to evade detection, it begs the question of whether browser extensions or anti-virus programs can protect users from this sort of cyber theft. The researchers suggest that most protective measures are based on blacklists and then go on to evaluate the effectiveness of two of the most widely used blacklists in a 15-day experiment: NoCoin and MinerBlock.

The results show that less than 51 percent of malicious attacks are detected, and — due to the fact that blacklists are updated every 10 to 20 days, as compared to nine or less for mining deployers — this divergence means that the malicious actors are always one step ahead, as cryptojacking domains migrate or vanish at a higher rate. As a result, the detection rate does not increase, even though coverage does.

To effectively combat cryptojacking, the researchers propose a behavior-based approach to detection, which can then be implemented by browser extensions and anti-virus engines. As indicated by the experiments, it takes three seconds for the CMTracker to analyze a web page for cryptojacking and, when combined with a whitelist for those websites having explicit reference to the donation of processing power in the user terms of service, could effectively reduce malicious mining.

These researchers also point to cryptocurrency mining services as having paid inadequate attention to the abuse of their services; mining scripts are run without user notification and users cannot turn off these scripts. Consequently, they propose that the mining services like Coinhive, which powers half of all cryptojacking domains, should shoulder some of the responsibility. Mining services could do this by implementing a pop-up window or something similar to notify the user, allow them to deny the request and disable the mining process.

At present, there is an implementation of Coinhive called AuthedMine that is an opt-in version. As highlighted by Krebs on Security in March 2018, it is hardly used, which Coinhive has blamed on anti-malware companies. “They identify our opt-in version as a threat and block it,” Coinhive told Krebs on Security. “Why would anyone use AuthedMine if it’s blocked just as our original implementation?”

Bitcoin Magazine contacted Coinhive via email with regards to the research paper and whether their service will be modified but, at the time of writing, no response has been received.

To facilitate further research of cryptojacking, the research team plans to release the source code of CMTracker on GitHub, as well as on the cryptojacking websites list.

The full paper “How You Get Shot in the Back: A Systematical Study of Cryptojacking in the Real World” can be found here. The paper will be presented at the 2018 ACM SIGSAC Conference on Computer and Communications Security in Toronto, Canada, taking place October 15-19, 2018.

This article originally appeared on Bitcoin Magazine.

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Long from start of Wave 5, and opening a short on 0.618 Fib.

Long from start of Wave 5, and opening a short on 0.618 Fib.


I have opened a long position on the horizontal support that Bitcoin             is holding at $6577, which coincided very nicely with the top of Wave 1. Wave 4 cannot move into Wave one’s region, so it was a very nice risk to reward ratio long for me with stops just below Wave one’s top. I will be holding this long(keeping a close eye on it of course) up to a double top/ 0.618 Fibonacci retracement where i will be closing my long and entering into a very big short position with stop just above the descending triangle resistance.

Voltaire.cash Exchange Launches – Supporting BCH as the Base Exchange Pair

Voltaire.cash Exchange Launches Supporting BCH as the Base Exchange Pair

A new cryptocurrency exchange has launched today called Voltaire.cash, a trading platform that aims to utilize bitcoin cash (BCH) as the base pair for all trades. Initially, the exchange will start by offering bitcoin core (BTC) against BCH trading and will follow that pair with ethereum and doge markets against bitcoin cash.

Also Read: Netherlands’ Largest Bank ING Group Fined $900M for Money Laundering

Voltaire.cash Offers Cryptocurrency Swaps Using Bitcoin Cash as the Base Currency

Voltaire.cash Exchange Launches Supporting BCH as the Base Exchange PairThere are only a few exchanges that offer bitcoin cash trading pairs so traders can trade BCH with various digital assets. At the moment BCH proponents can use trading platforms like Coinex, and Panda Exchange for bitcoin cash trading markets. Now the 20-year old Semyon Germanovich and his development team from Shoreditch, London are launching the Voltaire.cash exchange and the platform will provide BCH denominated pairs. The Voltaire team says the company’s key focus will be dedicated to security and transparency. Further, the exchange also claims they have hired consultants from one of the Big Four firms. News.Bitcoin.com spoke with Semyon Germanovich who told us the first iteration of Voltaire will support BTC/BCH pairs and then shortly after follow with ethereum and dogecoin against BCH.

“We believe these currencies are attractive both commercially and fundamentally. There is a lot of overlap between the communities of ETH, DOGE, and BCH: productivity, collaboration, and innovation,” Germanovich explains to news.Bitcoin.com.

Voltaire.cash Exchange Launches Supporting BCH as the Base Exchange Pair
The trade view for the new Voltaire.cash exchange.

The Voltaire Team Appreciates the Technical, Economic and Social Advantages Bitcoin Cash Offers

Germanovich and the Voltaire team are big supporters of BCH and say they promise to devote both time and resources back to the cryptocurrency community. The goal is to drive bitcoin cash adoption and with BCH network fees at less than a third of US penny its the perfect trading pair.   

“Our team is united by a shared vision to see mass adoption of cryptocurrency We’re behind Bitcoin Cash because we appreciate both it’s technical, economic and social advantages over other cryptocurrencies,” Germanovich details. “There aren’t many exchanges supporting Bitcoin Cash. It’s a real shame because Bitcoin Cash scales using an efficient and proven method. We see it as the best technology to deliver daily peer-to-peer electronic cash payments for billions worldwide.”      

Germanovich continues, “from a practical perspective we can offer zero confirmation deposits and that’s something we’re working towards: the lack of replace-by-fee in Bitcoin Cash reduces the likelihood of double spending successfully.”

Perhaps for us, the most attractive value of Bitcoin Cash is its community. Bitcoin Cash is a movement driven by its participants — merchants, miners, developers, and capitalists engaging each other, disagreeing, agreeing, building products and services. As a founder, it makes me proud to be involved and feels like Bitcoin in 2013.

Voltaire.cash Exchange Launches Supporting BCH as the Base Exchange Pair
“I think supporting Bitcoin Cash as a base exchange pair is a great way to drive adoption in the cryptocurrency,” explains Semyon Germanovich.

Supporting Bitcoin Cash as a Base Exchange Pair Is a Great Way to Drive Adoption

Germanovich says him and another developer produced a prototype of Voltaire’s trading engine a long time ago in order to prove to investors that they could do build the exchange. In November of 2017, the developers hired a core team and began working on Voltaire full time since March. “There’s ten of us now, but I think the sheer amount of work we’ve done and the product we’ve managed to build is a story itself,” Germanovich explains. Additionally, the Voltaire founder says he understands the need for more trading platforms offering BCH pairs.

“The number of exchanges supporting Bitcoin Cash base pairs is in the single digits. I think supporting Bitcoin Cash as a base exchange pair is a great way to drive adoption in the cryptocurrency — Not only are we creating liquidity and raising awareness of Bitcoin Cash,  we’re also giving away a percentage of our exchange profits to fund community projects that drive adoption by building utility,” the Voltaire founder emphasizes to news.Bitcoin.com.

Germanovich concludes by stating:  

I think it’s only a matter of time until we see a big exchange like Binance or Bitfinex implementing Bitcoin Cash pairs for the very reason that it will soon be expensive and slow to use Bitcoin and other cryptocurrencies as a base exchange pair — People are starting to realise that this is a proven and efficient way to scale Bitcoin.

What do you think about the Voltaire.cash exchange? Let us know what you think about this trading platform in the comment section below.


Images via Voltaire.cash  


Need to calculate your bitcoin holdings? Check our tools section.

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Gold Rises Ahead of Fed Meeting

Gold futures settled higher on Monday, recouping some of their recent loss as investors awaited what’s widely expected to be the Federal Reserve’s third interest-rate hike of 2018 this week — a well-telegraphed move to markets.

December gold GCZ8, +0.22% rose $3.10, or 0.3%, to settle at $1,204.40 an ounce. It settled Friday at $1,201.30, its lowest level in a week even as it ended little changed in price for all of last week.



Gold found support as the dollar index DXY, -0.02% tilted slightly lower on Monday. The dollar and gold, which is chiefly priced in the U.S. currency, tend to move inversely. Gold prices based on the most-active contracts have declined by 8% so far in 2018 as the dollar index is up about 2.2% for the year to date, a divergent move driven in large part by the Fed tightening U.S. monetary policy more aggressively than the rest of the developed world.

Fed policy makers will meet for a two-day meeting ending Wednesday and the market is pricing in over a 90% chance of a quarter-point rate increase. The Fed has penciled in four moves in total this year and that means another hike is likely in December, though traders have shown some flashes of wavering confidence of late, citing trade uncertainty and global economic hiccups. That uncertainty puts added emphasis on the Fed’s statement.

Higher interest rates tend to boost the dollar and cut demand for nonyielding bullion in favor of assets delivering an attractive relative yield.

via MarketWatch

US Dollar Losing Dominance as a Means for Settling Transactions in Africa

US Dollar Loses Dominance As A Means For Settling Transactions In Africa

The dominance of the United States dollar as a settlement currency in Africa is being challenged by emerging payment methods in financial technology and by native African fiat currencies. In the four years to 2017, fewer people in the continent of 1.2 billion transacted via the US dollar than they did with their local currencies or mobile money, and perhaps cryptocurrency.

Also read: Steve Hanke: Central Banks Fuel Wealth Loss And Inflation – The World Needs Less Of Them

Digital Transactions Rise As US Dollar Slowly Loses Its Hegemony

At one time gold was the world’s most preferred currency before it was replaced by paper money. After World War II, the United States dollar became the backbone of the world’s reserve currency system due to its strength and stability. But that is beginning to change.

According to a new report by SWIFT, the USD is losing its hegemony as an inter-continental, cross-border settlement currency in Africa. The use of the US dollar has dropped as a share of payments from Africa from 50% in 2013 to 45.1% in 2017, it says.

US Dollar Losing Dominance As A Means For Settling Transactions In Africa
Africa’s currency usage for cross-border commercial payments, 2017

More people are switching to local currencies, and some others to mobile money, for cross-border payments. Payments in the West African franc – used by 8 countries – increased from 4.4% in 2013 to 7.3% in 2017 while transactions in the South African rand – used mostly in Southern Africa – rose to 7.2% from 6.3%.

The report, which maps commercial payment flows against financial flows in Africa, highlighted that since 2014, the percentage of Sub-Saharan Africans with traditional financial accounts has not changed.

US Dollar Losing Dominance As A Means For Settling Transactions In Africa
Africa’s currency usage for cross-border commercial payments, 2013

But the percentage of mobile money users has doubled, to 21 percent. This is shown by an increase in financial payments made through mobile money from 5.5% in 2013 to 6.4% in 2017.

SWIFT, which connects 11,500 financial companies in 200 countries, forecast that financial technology “will play an increasingly important role in defining Africa’s financial landscape.”

“While the US dollar still dominates, it is releasing its hold,” said SWIFT in its latest report titled “Africa Payments: Insights Into African Transaction Flow.”

About about 20% (16.7% four years ago) of “all cross-border commercial payments were credited to an African beneficiary,” indicating “that more goods and services are being bought and sold within Africa.”

Intra-African clearing of payments has also increased, from 10.2% in 2013 to 12.3% in 2017, which shows that an “increasing number of payments are being routed through Africa instead of via a clearing bank outside of Africa.”

Cryptocurrency ‘Goldfield’

US Dollar Loses Dominance As A Means For Settling Transactions In Africa
Digital payments

It is difficult to work out how cross-border payments are going to play out in Africa in future. But the trajectory points towards an escalation in mobile-based settlements.

SWIFT data shows that about 6.4% of all payments within, or from Africa, were done by means other than any form of fiat currency. This includes peer-to-peer digital payments over the phone that may expand to cover cryptocurrency, which is not necessarily captured in mainstream data.

But more than a dozen African countries have plugged into cryptocurrency in the last couple of years, with one crypto-focused operation or another launched, even though regulation remains an area of uncertainty.

According to GSM Association, which represents mobile operators globally, there will be 725-million mobile phone subscribers in Africa by 2020 – a development that is seen as key to driving the adoption and development of cryptocurrency on the continent while boosting intra-African trade.

“With mobile money and other digital financial services, people can store money securely, spend it effortlessly, and afford the small fees charged by their providers,” SWIFT says.

Trade Dynamics Are Changing Within Africa

The report comes at a time when most Africa is investing in financial market infrastructures (FMIs) that are linking up many countries within the continent. Policymakers recognize that payments systems and other infrastructure are an enabler for economic growth.

US Dollar Losing Dominance As A Means For Settling Transactions In Africa

Early this year, African leaders launched the continent’s biggest free trade agreement since the establishment of the World Trade Organisation in 1995.

The African Development Bank expects that the Continental Free Trade Area will stimulate intra-African trade by up to $35 billion per year, generating a 52% increase in trade by 2022 and a $10 billion decrease in imports from outside Africa. These efforts will continue to push up intra-Africa payment flows and its impact is being felt in the world as reflected in change in the use of currency.

How far could cryptocurrency go in challenging the status quo in Africa? Let us know what you think in the comments section below.


Images courtesy of Shutterstock


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Bitcoin Price Analysis: Potential Reaccumulation Could Test Bear Trend

Bitcoin Price Analysis

Last week, after a devastating move that shook the market violently up and down for a 7% move in just a few short minutes, bitcoin saw a major sign of strength as it proceeded to have a slow, but steady markup where it managed to establish a local high in the $6,800s:

fig1Figure 1: BTC-USD, Hourly Candles, Shakeout Prior to Markup

This shakeout forced the market to temporarily establish a new monthly low in what could be argued to be a stop-hunt prior to the move to the $6,800s. Sitting atop its most recent rally is what appears to be a reaccumulation trading range shown below:
fig2Figure 2: BTC-USD, 15-Minute Candles, Reaccumulation Trading Range

While it’s still early to tell, the current consolidation has some of the hallmarks of a classic reaccumulation trading range that, if realized, will likely lead to a continuation to the upside.

Currently, the market is rebounding from what appears to be a “spring” or a “shakeout” — an effort to create liquidity for large players. Part of the alleged shakeout includes testing prior resistance to see if it can properly hold as support. And, as you can see below, the spring tested the previous high and is currently holding support — a good sign for the bulls:

fig3Figure 3: BTC-USD, Hourly Candles, Spring Testing Resistance Turned Support

So where does that leave us? While it is pure speculation at this point, if we see a strong round of buying, the first immediate test would take us to the top of the current trading range to test the $6,800s again. If the reaccumulation trading range proves to properly consolidate, a break to the upside is expected that will surely have us testing our macro descending trendline:

fig4Figure 4: BTC-USD, 12-Hour Candles, Macro Descending Trendline

If we manage to make it to the descending trendline, this will mark our fifth test of supply along that boundary. This is a potentially trend-changing signal that could pave the way through the woods and lead us out of the bear market.

While several major coins are seeing massive gains, bitcoin is still playing possum; it will continue to do so until this descending trendline is broken. The macro trend is slightly leaning bullish as the total volume is consolidating and, as we have seen in the past, several large coins (see previous ETH-USD Market Analysis) have begun to set records in volume in what could potentially be a macro bottom.

As always, this is pure speculation, but it is a scenario that I feel is entirely possible. We will have to play it day by day and see how the trend interacts with the descending trendline. If we see a definitive break of that trendline, I fully expect to see a large swell of buying interest hit the market as the larger investors regain confidence in a potential bull market.

Summary:

  1. After a violent shakeout, bitcoin managed to climb for several days until it ultimately made a local high in the $6,800s.
  2. There is a strong argument that the current bitcoin consolidation is a reaccumulation trading range and could lead to a potential continuation of the uptrend.
  3. If we break to the top side of the trading range, we can expect to test the macro descending trendline. From there, we will have to reevaluate the market.
  4. If we manage to break the descending trendline, this will likely bring a strong round of buyers as it signals a potential change of trend from bear market to bull market.

Trading and investing in digital assets like bitcoin and ether is highly speculative and comes with many risks. This analysis is for informational purposes and should not be considered investment advice. Statements and financial information on Bitcoin Magazine and BTC Media related sites do not necessarily reflect the opinion of BTC Media and should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.


This article originally appeared on Bitcoin Magazine.

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Wall Street Lower as Washington Drama

Industrials took the biggest knock on Wall Street on Monday as the latest U.S.-China tariffs kicked in, while adding to uncertainty were questions over whether Deputy Attorney General Rod Rosenstein, who oversees the Mueller investigation, had quit.



With U.S. tariffs on some $200 billion worth of Chinese goods taking effect, along with Beijing’s retaliatory duties, eight of the 11 major S&P sectors were lower. The gainers included the rebranded and expanded “communications services” index.

The industrial sector .SPLRCI, which has borne the brunt of the protracted trade war, fell 1.44 percent, while material stocks .SPLRCM slid 1.48 percent. Boeing (BA.N), the biggest U.S. exporter to China, shed 1.3 percent.

via Reuters