Bitcoin Cash Price Highlights

Bitcoin Cash currently sees itself facing strong resistance at $1,160 an ounce
There is a large bearish trend line forming on the hourly chart with resistance at $1,160 an ounce.
The Bitcoin Cash currently remains in an uptrend above $1,100 against the US dollar. BCH must rise above $1,160 and $1,180 to gain bullish momentum.

Technical Indicators Signals for Bitcoin trader

The Bitcoin Cash price moved towards the $1,170 level but failed to move higher. A high for Bitcoin trader was formed at $1,168 an ounce before the price initiated a downward correction. However, the decline finds support near the $1,120 – $1,130 mark and the 100-hour SMA. Below the 100-hour SMA, there is an important support at $1,100. On the upper side, a large bearish trend line is forming with resistance at $1,160 on the hourly chart.

Bitcoin Cash Price Analysis
Looking at the chart, BCH must settle above the resistance level of $1,160 an ounce in order to gain upward momentum. The MACD is moving slowly in the bearish zone. The RSI is currently just above the 50 level. The highest support level is at $1,100, while the highest resistance is at $1,160.

Ripple Price Highlights

Ripple price did not move above resistance at $0.6880 and depreciated against the US dollar
The important ascending channel with support at $0.6700 on the hourly chart highlighted yesterday is intact
XRP must remain above the $0.6700 support range to avoid major price losses in the near future
The Ripple price is traded near major support zones against the US dollar and Bitcoin. XRP could bounce off the $0.6700 support and the 100 hour SMA.

Technical Indicators Signals
The price traded to $0.6889 and struggled to gain momentum. As a result, a downward correction was initiated and the price moved below the $0.6800 mark. However, the price finds support at $0.6700. More importantly, the upward channel highlighted yesterday is intact with support at $0.6700 on the hourly chart. If there is a break below channel support at $0.6700, the price could potentially drop back towards $0.6500.

Ripple Price Analysis

Looking at the chart, the price could rebound from support of $0.6700 an ounce. On the other hand, a break and close above $0.6880 is required to break through the $0.7000 barrier. The MACD has moved back into the bearish zone. The RSI is now well below the 50 level and signals a sellers’ market. As mentioned earlier, the highest support level is found at $0.6700, while resistance is at $0.6880.

India: Bitcoin still legal?

Crypto currencies have found an unlikely ally in their quest, as they may now be legalized after intense litigation between businesses, consumers and the Reserve Bank of India. The recommendation to legalize crypto comes from the Indian Legal Commission, as it is an important part of their complaint against a blanket ban on sports betting and casinos.

India’s controversial ban on crypto currencies

The Indian government’s fight against virtual currencies began in April 2018, when the Reserve Bank of India (RBI) banned all financial institutions from trading in crypto exchanges. The result of this ban was serious, as it dried out the liquidity of the stock exchanges concerned and damaged the Indian-based crypto-currency investors. RBI gave banks three months to break off all connections to crypto companies. The Indian Central Bank made a Bitcoin Profit statement at the time of the ban in which it said:

“It was decided that with immediate effect, the companies regulated by RBI may not provide services to individuals or companies trading or processing crypto currencies. Regulated companies that already provide such services must terminate the relationship within a certain period of time”.

When the deadline became apparent in July, the stock exchanges and investors intensified their efforts to protest against the ban on the crypto currency and filed their petitions in the country’s highest court.

Crypto and Bitcoin Code ban

The Indian Supreme Court, led by Chief Justice Dipak Misra, ruled in favor of the RBI, upheld the crypto ban and accepted the arguments of the RBI. The main argument of the RBI was that Indian law by nature prohibits crypto currencies, as it requires all legal currencies Bitcoin Code to be physical and stamped by the government.

India’s ban on crypto was only temporary
After the court’s decision to maintain a blanket ban on crypto currencies, there was another turn in the complicated situation. An unnamed government official within the Indian government recently told Quartz India that the government is indeed opposed to a comprehensive ban on the trade in crypto currencies and is considering classifying them as commodities instead.

“I don’t think anyone really thinks about banning it (crypto currencies). This is about regulating trade and we need to know where the money comes from. Allowing it as (a) commodity can make us better regulate trade and so it is considered,” said the anonymous senior government official.

The government official seemed to suggest that the April ban was rather a temporary measure introduced as the government examines how the industry should be regulated. He also explained that the government is not concerned about crypto currencies themselves, but about the illegal activities for which they could be used.

BitFlyer recruits Wall Street experts to dominate the crypto market

BitFlyer – Founder acquires Wall Street executives to fill key positions he believes are necessary to build a crypto empire in the developing institutional market.

BitFlyer hires talent away from the banking giants
Yuzo Kano, himself a former Goldman Sachs trader, has hired talents to gain and expand experience within his own ranks to expand into the emerging institutional crypto market with BitFlyer.

The Bitcoin Profit regulatory

The regulatory reform at the beginning of 2018 has made Japan Bitcoin Profit the preferred location for the global expansion of the crypto industry, as the government, unlike most other countries such as the USA and the UK, has given the green light. This regulatory framework makes the transaction from traditional banking into the crypto world a less intimidating step. Bloomberg reports:


BitFlyers user numbers increase
BitFlyer has tripled its users to 2 million since 2017. The exchange already has offices in Tokyo, San Francisco and Luxembourg and is considering expanding to include locations in Africa, Australia and other Asian countries. Kano’s expansion plans extend beyond new offices and the crypto trade. He plans banking services such as digital payment and advisory services for investors and start-ups interested in introducing an ICO.


Kano expands bitFlyer into the institutional market
Talking to Bloomberg in his office in Midtown Tower in Tokyo, Kano said: “I need more staff. And those with the best skills come from global banks.

BitFlyer’s spending is only a small part of the expanding team as the company is looking for programmers, regardless of their educational background, as long as they have proven skills, to earn $100,000 per year, partly due to the underpopulated technology sector in the countries. Kano has divided his new appointments into two groups: Bankers in their forties looking for a change and employees in their twenties looking for the pace of a start-up.

Online Casino – Rules and a roulette strategy

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Roulette Bets: Learn the Types and Know How to Use Them

The diversity of the betting categories is one of the aspects of a roulette game that makes it so captivating and exhilarating. The variety is expansive. Just a few of the different types of bets that you can place are street bets, colour bets, and straight bets but there are many more.

There is not one single roulette bet which can be acclaimed as the ‘best bet’ for all people. However, becoming aware of the rules, payouts, and probabilities of each type of roulette bet by studying each one is imperative. From here, choosing the most advantageous type of roulette bet for you can be done wisely.

Another tip to remember is that on any one spin of the roulette wheel, multiple bets can be made. This allows you to increase the appeal of your roulette game even more. A great example of this strategy is if you were to place a high-risk and low-risk bet at the same time, thus creating an equilibrium of sorts.

Helpful roulette information including roulette rules and roulette strategies can be found here in our roulette guide section.

Play-for-Free Before You Play-for-Real

If you are a beginner, never shun a chance offered by a good online casino to play roulette for free. It will provide you with some great practice that will be of much benefit when you play for real money. The play-for-free option gives you an opportunity to test out the diverse range of roulette bets and approaches to the game before you risk losing any money. Then, once you feel confident enough with your game you can go ahead and begin to play for real money and feel the excitement and pleasure of real roulette gambling.

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