SEC’s Munchee Order Is a Recipe for Securities Law Violations

The SEC's recent Munchee order offers a significant insight into its views of how to analyze ICOs under securities laws, says Katherine Cooper.

SEC Munchee Order a Recipe for Securities Violations

The SEC's recent Munchee order offers a significant insight into its views of how to analyze ICOs under securities laws, says Katherine Cooper.

Bitcoin Gold Price Technical Analysis – BTG/USD Tumbles Below $320

Key Points Bitcoin gold price after trading a few points above the $400 level found sellers against the US Dollar. There was a break below a key bullish trend line with support at $328 on the hourly chart of BTG/USD (data feed from Bitfinex). The pair traded as low as $244 and is currently correcting higher towards $300-320. Bitcoin gold price declined sharply from $420 against the US Dollar. BTG/USD is now well below $320 and is showing a lot of bearish signs. Bitcoin Gold Price Resistance There was a solid upside move in bitcoin gold price above the $350 level against the US Dollar. The price even traded above the $400 level and posted a high at $421. Later a downside wave was initiated and the price moved below the $400 level. It moved below the 50% Fib retracement level of the last wave from the $290 low to $421 high. It opened the doors for more losses and the price moved below $300. More importantly, there was a break below a key bullish trend line with support at $328 on the hourly chart of BTG/USD. The pair even traded below the $280 support and closed below the 100 hourly simple moving average. A low was formed at $244.58 from where the pair started an upside correction. An initial resistance is around the 23.6% Fib retracement level of the last decline from the $421 high to $244.58 low. If the pair corrects higher from the current levels, it will most likely face sellers near $300-320. On the downside, the last swing low of $244 is a decent support. Below the mentioned $244 support, there can be a test of the $200 level in the near term. Looking at the technical indicators: Hourly MACD – The MACD for BTG/USD is now placed in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTG/USD is around the oversold levels, and recovering. Major Support Level – $245 Major Resistance Level – $320 Charts courtesy – Trading View, Bitfinex The post Bitcoin Gold Price Technical Analysis – BTG/USD Tumbles Below $320 appeared first on NEWSBTC.

Ripple Price Technical Analysis – XRP/USD Upside Surge and Correction

Key Highlights Ripple price surged above the $1.00 level and traded as high as $1.24 against the US Dollar. There are two bullish trend lines forming with support at $0.9500 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently correcting sharply lower and may soon test the $0.9500 and $0.9000 supports. Ripple price after an upside surge above $1.20 against the US Dollar faced sellers, also versus Bitcoin. XRP/USD is moving down toward the $0.9000 support. Ripple Price Correction There was a solid rise in Ripple price above the $1.00 handle against the US Dollar. The price made a nice upside move and traded above the $1.10 and $1.20 resistance levels. It traded to a new all-time high at $1.2495 from where a downside correction was initiated. It has moved below the 23.6% Fib retracement level of the last wave from the $0.6500 low to $1.2495 high. It seems like the current correction may extend toward the $0.9000 level. On the downside, there are two bullish trend lines forming with support at $0.9500 on the hourly chart of the XRP/USD pair. The trend lines support is also around the 50% Fib retracement level of the last wave from the $0.6500 low to $1.2495 high. Therefore, the $0.9000 level is a major support and it will most likely prevent downside move in the near term. Below $0.9000, the price could extend declines toward the 61.8% Fib retracement level of the last wave from the $0.6500 low to $1.2495 high at $0.8790. On the upside, the price may move back above $1.00. However, the next major resistances are at $1.20 and $1.25 in the short term. Looking at the technical indicators: Hourly MACD – The MACD for XRP/USD is placed nicely in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is moving lower sharply toward the 50 level. Major Support Level – $0.9000 Major Resistance Level – $1.2000 Charts courtesy – Trading View, Kraken The post Ripple Price Technical Analysis – XRP/USD Upside Surge and Correction appeared first on NEWSBTC.

(+) Asian Market Update – Friday: Coins Plummet; Asian Stocks See Moderate Gains

The post (+) Asian Market Update – Friday: Coins Plummet; Asian Stocks See Moderate Gains appeared first on CCN The post (+) Asian Market Update – Friday: Coins Plummet; Asian Stocks See Moderate Gains appeared first on CCN

Binance Is Selected as the First Exchange to List AION

Binance, the world’s leading and fastest growing cryptocurrency exchange is the first official exchange to list the AION token, the […] The post Binance Is Selected as the First Exchange to List AION appeared first on Bitcoin Network, News, Charts, Guides & Analysis.

NEM IS FLAT WHILE DASH AND MONERO TRACKS GRANDPA BITCOIN

At least NEM is flat. We cannot say the same with LTC, DASH, Monero and to some extent IOTA. Buyers are waiting for a sign and some are backing off, will you? It depends on your tolerance level. Check out what I think: NEM IS FLAT XEMUSD 4HR Chart for December 22, 2017 If you were waiting for me to say anything then I have to disappoint you AGAIN. Folks, there is no fireworks in NEM. If you like the swings though, then this is your pair. Otherwise, for trend and break out traders, it’s the same story as yesterday. NEM is flat and is literally swinging within a $0.21 range marked by the 20 period MA and the December 20 highs of around $1.05. Let me remind you, if a buy opportunity presents itself through a break out then I will buy. However, if there is also a strong break below the middle BB, I will sell and exit my previous buy. Our ideal buy zone is around $0.53 and I really think buy pressure will from anytime implode especially if the second condition come to pass. DASH IS $200 DOWN…SHOULD WE CONTINUE COUNTING LOSSES? DASHUSD 4HR Chart for December 22, 2017 My gut feelings were right! Ha ha! GrandPa BTC is wobbling and it’s contagious and messing up DASH buyers. You know, after yesterday spike I was waiting for any close above $1500. In TA, such a large, beautiful number with a couple of zeros is called a round number and is sensitive to prices. I was waiting for a close above that level and my patience was over after that bearish engulfing candlestick turning from the 61.8% Fibonacci level. Therefore, for buyers, this is my simple advice: Exit your position(s) if bears drive prices below the middle BB. It’s that simple. Take a loss like a man, brush it off and wait for better entries which might be below $1000. Place it at around $900. IOTA….DON’T YOU!! IOTUSD 4HR Chart for December 22, 2017 Yesterday, I wrote a novel of an analysis about IOTA. For all I know, price close below the 20 period MA and short term traders should pull their cash and maybe invest in a FCUK wallet or cologne! I would love to know how it smells though. MONERO SHORT TERM BEARS XMRUSD 4HR Chart for December 22, 2017 How quickly can price drop? DASH and Monero got the answers. After testing $475, we needed a follow through and instead, Monero replicated DASH and BTC. All of these P2P currencies are dropping like a stone! I don’t know where the bull-on switch is on but I seem to know what may happen if the 20 period MA main support in the 4HR chart is broken. We are bullish, yes without a doubt but in the weekly chart and that’s about it. However, stochastics are bearish in our entry chart and until we have a convincing buy signal Monero sellers may take the front seat. Now, the question is …will prices reach $300? That I don’t know but should this bear trend continue, I will place a 30% chance. LTC FOLLOWS BTC STEPS…LIKE FATHER LIKE SON LTCUSD 4HR Chart for December 22, 2017 Guys, let’s stay calm and collected. LTC and their buds are having a rough day but we should not panic. Evidently, prices are actually consolidating and still on the upper edge of our potential support zone-I marked it on the chart. As we can see, LTC bears are in charge and the faster prices band along the lower BB, the better for LTC buyers to jump in at best prices which is around $250. Even if it is not at around $250, at least a stochastic buy signal at or lower levels will be a signal to go long. All charts courtesy of Trading View The post NEM IS FLAT WHILE DASH AND MONERO TRACKS GRANDPA BITCOIN appeared first on NEWSBTC.

Ethereum Price Technical Analysis – ETH/USD Breaks Key Support

Key Highlights ETH price moved down and broke a key support area at $760 against the US Dollar. Yesterday’s highlighted contracting triangle with support near $758 was broken on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is now below the $720 level and is approaching the next major support at $700. Ethereum price is extending correction against the US Dollar and Bitcoin. ETH/USD is approaching $700 and it might decline further. Ethereum Price Decline It seems like a major top has formed around the $860 level in ETH price against the US Dollar. The price was seen consolidating above the $800 and $760 support levels for some time. However, the price failed to hold gains and started a downside wave. During the downside, it broke the $800 and $760 support levels. There was also a break below the 50% Fib retracement level of the last wave from the $675.11 low to $864.53 high. More importantly, yesterday’s highlighted contracting triangle with support near $758 was broken on the hourly chart of ETH/USD. The pair is now well below the $750 level and the 100 hourly simple moving average. These are negative signs and pointing toward more losses below $700 in the short term. At the moment, the pair is below the 76.4% Fib retracement level of the last wave from the $675.11 low to $864.53 high. Therefore, there are chances of more losses below $720 and $700. On the upside, the broken support near $750 and $760 may act as a strong resistance. Moreover, the 100 hourly SMA is around $780 to prevent further upsides in the near term. On the downside, supports are present at $680 and $675. Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI – The RSI is currently around the oversold levels, but with no sign of an upside move. Major Support Level – $675 Major Resistance Level – $760 Charts courtesy – SimpleFX The post Ethereum Price Technical Analysis – ETH/USD Breaks Key Support appeared first on NEWSBTC.

What Comes After Crypto’s Summer of Love?

Crypto's creative explosion may have hit a critical mass this year, but the results ahead could be just as impactful, argues Polychain's Ryan Zurer.

Jamming on Economics: What Comes After Crypto’s Summer of Love

Crypto's creative explosion may have hit a critical mass this year, but the results ahead could be just as impactful, argues Polychain's Ryan Zurer.

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