Binance added support for deposits from Visa and MasterCard
The leading cryptocurrency exchange Binance announced on Thursday, January 31 that now its users have the opportunity to make deposits using Visa and MasterCard cards. This option has been implemented thanks to a partnership with payment-processing service Simplex.
"We want to give Binance traders quick and easy access to cryptocurrencies, making it as secure as possible. The partnership with Simplex has allowed us to bridge the gap between credit card payments and cryptocurrencies on a global level", said CEO of Binance Changping Zhao.
The exchange also said that it is able to process 1.4 million orders per second, being not only the largest trading platform in terms of trading volume, but also the fastest on the market.
"Simple and fast card payments for ordinary users are key facts in the wider adoption of cryptocurrencies. We are pleased to partner with Binance and to be able to jointly provide a better user experience", said Nimrod Lehavi, co-founder and CEO of Simplex.
Changpeng Zhao added that the cryptocurrency industry is still at an early stage of its development and that most of the money in the world is still Fiat. According to him, the creation of such payment gateways is necessary for the growth of the ecosystem and the spread of cryptocurrencies to more users.
#Analysis #BTC BTCUSD Overview At the 12-hours time frame we can see that a price met global descending channel on 13th of November where crisis has started. Three impulsive corrective Elliott waves brought the price to the lower edge of the channel,…
Currently the price is $3 398 the resistance seems to hold as there is not enough volume. Buy wall is low and indicators suggest upcoming trende inverse
At the 12-hours time frame we can see that a price met global descending channel on 13th of November where crisis has started. Three impulsive corrective Elliott waves brought the price to the lower edge of the channel, where a bounce happened.
We can see that there is not enough volume and confidence to make full amplitude of channel price movement. This build two sub-trends: a parallel channel and a triangle
Triangle is about to end and the situation is positive according to indicators. We observe Hidden Bullish Divergence while MACD and RSI are in neutral to buy state. DMI suggest low volatility thus we can expect a gradual rise in the end of the triangle up to the parallel channel upper edge around $3 691.
In case of further in-confidence and uncertainty about SEC we may see a decrease from the mentioned point up to Fib 1 support level around $2 913 where lower edge of the channel is situated.
Overall it is very hard for Bitcoin price to move to the upper half of global descending channel until local resistance of $3 691 holds. BTC tests the lower boundary of the consolidation area and if there wouldn't be a bounce we will see a further decrease to $2 913 level
Litecoin is a peer-to-peer cryptocurrency similar to Bitcoin. Litecoin was created by Charles Lee, a former Google engineer, with the intent to improve a few of Bitcoin technical aspects, viewed as shortcomings by the developer like block times and hashing algorithm.
After a sharp decrease on 10th of January LTC performs good two past weeks. Its grow and decrease cycles become twice shorter each period. It took LTC 168 bars to drop and reach the local maximum again, then 84 bars. We forecast the next cycle will be 42 bars long which corresponds support uptrend line.
Conclusion: Litecoin gains momentum and is good for long term investments now. In the short term it is better to wait 1-2 days till the price touches the support trend line in the end of 42 bars cycle.
We recommend to use our short term signal to buy LTC at the most favorable point and follow our strategy to maximize profit from targets, then after consolidation leave a small bag for long term hold
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After a long hold caused by market instability we found a nice opportunity of short mid term trade
At the mid term 4 hour timeframe we can see formed 5 Elliott waves which is followed by three consolidation corrective waves
From a technical side: Awesome Oscillator, Momentum (10), MACD (12, 26) and SMA&EMA are in buy state. Ichimoku clouds zone acts like a support. Stoch RSI goes to an oversold zone.
We recommend CMT for a short term trade and suggest the buy zone between 0.00000765 and 0.00000785
The coin reached our buy zone and the second target in the Premium channel. The price is reconsolidating to break through the Triangle pattern upward. It is a good moment to buy it again
Ardor is a service platform that evolved from NXT Blockchain. It launched on January 1, 2018 after a successful year on testnet. We were the first to buy it then to sell at listing pump. There are three major fundamental advantages of the project: 1. Reducing blockchain bloat 2. Providing multiple transactional tokens 3. Hosting of ready-to-use interconnected blockchains called child chains.
A nice cite from its white paper. We carefully studied it and found it very reasonable. "Ardor is a blockchain platform, that can be powered by the sun. It is a platform where businesses can setup their own chains without any need to code or secure it themselves. Ardor has a built in exchange between other chains on the platform, to easily exchange your token with others including fiat pegged ones like AEUR. Ardor offers Lightweight Smart Contracts that don't require the whole network for each dApp. Smart Transactions make features like a Deadman switch easy to implement. Fully developed features like built-in Voting, Messaging, Marketplace, Basic Cloud Storage and more."
Coming back to technical analysis we can see that from the base observed point 1 and 2 the price went out of the channel and moves in triangle pattern . It gained enough volume to break it upward soon. Nevertheless there is no divergence which is usually observed in such cases.
Strange Ichi formation was created buy recent short term dump, hence we can not rely on this indicator. However DMI suggest a nice possibility of breakout and trend analysis reflect its bullish state.
This is a free recommendation Strategy: Use <10% of deposit
Buy between 0.0000142-146 Free Target is 0.0000162 Stop Loss: 0.0000126