After a spin and horizontal consolidation along our clear resistance trend line and the 20 period MA, sellers took charge and 12.10.2017 candlestick closed as a bear. There is also a long upper wick bouncing off resistance and this means we go short today. Place a stop loss above $32 and aim for that support zone between $14 and $20. Refer Figure 1 (Above): NEOUSD-Daily Chart-13.10.2017


altcoin, analysis, dash, oct 13, cryptocurrency
Figure 2: DASHUSD-Daily Chart-13.10.2017

Notice the bear volume spike on 12.10.2017 and price failure to close above the support turned resistance trend line at $320. So far, price action is moving higher in lower time frames but as long as it doesn’t close above $320 – a region of strong resistance zone as shown by that confluence of critical lines, bears will be in charge. After all, since price tested support at $250, there has been no significant trend established rather than retests, whipsaws, and consolidation which is profitable for scalpers. Sellers should short and aim for that support and first take profit level at $220.


altcoin, analysis, cryptocurrency,
Figure 3: IOTUSD-Daily Chart-13.10.2017

For any support or resistance level to be convincingly broken, price slide or appreciation must be accompanied by the large candlestick. Well, 13.10.2017 candlestick was huge, trading at a $0.10 range and closed at $0.38. This bearish volume surge drove prices lower as 19M bears jumped in. At $0.48 highs, the resistance trend line at $0.50 stood and today it looks like price action will trend along the lower BB, probably band and close lower.


XMR, altcoin, analysis, cryptocurrency,
Figure 4: Monero-XMRUSD-Daily Chart-13.10.2017

12.10.2017 candlestick closed as a bear, turning away from the support turned resistance trend line at $86.3. From break out pattern sub-sections and trading strategy, there must be a retest and right now, as price action trends above $87, it provides a perfect opportunity to initiate shorts in lower time frames. Looking at the volume, you can note that there has been a jump in volumes to around $20K, only superseded by 09.10.2017 volumes which recorded 25K breaking above the daily volume average. Both of them are also bears meaning that bears are in charge despite the temporary trend higher. Of course, given the volatility, our bear projections will be invalidated only when price and bulls push higher and closed strongly above $90 or the support turned resistance trend line.


altcoin, analysis, lisk, cryptocurrency
Figure 5: LSKUSD-Daily Chart-13.10.2017

Two days of wild swings it has. Note that bearish volume upswing as yesterday’s candlesstick closed. You will detect that as sellers jumped in, volumes spiked to 781K-way above daily average of 585K and then boom, the daily resistance trend line and the 20 period MA acted as a ceiling preventing further price appreciation. Secondly, look at how the previous stochastic buy momentum has begun converging meaning buy momentum is subsiding as prices turn lower. This is turning out as a bear break out with classic characteristics of that trading strategy. Best time was to short yesterday as recommended with a stop loss above support trend line at $6.1. However, since swings are toning down, you can initiate sells every time there is a retest of resistance trend line with immediate take profit level at $4.2

Contributed by Dalmas Ngetich, an expert with 3 years in Forex, Commodity and Cryptocurrency trading. All charts, courtesy of Trading View

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In this morning’s analysis, we noted that the bitcoin price had run up considerably over the last 24 hours and that there was a chance we may see some degree of correction near term. We are now heading into the close of the European session (and the close of the week) and, while we haven’t seen anything substantial in terms of corrective activity, we have seen price consolidate somewhat and settle down in and around the 5750 region.

There are two ways this could go.

We may see a breakout to the upside and momentum carried through towards 6000. Alternatively, price could correct and break to the downside, at which point we would likely see a breakthrough 5700 and maybe a little bit of follow-through as the evening matures.

Whichever way things go, we are going to ensure that we are on top of the markets so that we can pull a profit from action one way or another.

So, with that noted, let’s get some levels in place that we can use if we see any volatility throughout the session going forward. It is a one-minute candlestick chart and its got our key range overlaid in green.

As the chart shows, the range we are looking at for the session this evening comes in as defined by support to the downside at 5716 and resistance to upside at 5799.

If we see price break through resistance, we will look for a close above that level to validate upside entry towards a target of 5860. A stop loss on the trade at 5785 looks good.

Conversely, and looking to the downside, if we get a close below support we will jump into the markets for a short trade towards an immediate downside target of 5660. A stop loss on this one somewhere in the region of 5730 should work well.

Chart courtesy of Trading View

The upcoming SegWit2x hard fork has gotten a lot of attention. Even though many people still oppose it, the “free coins” are of great interest for obvious reasons. Some platforms even provide SegWit2x futures trading. This should provide a baseline value for the new coins once they become available. Right now, that value is tanking quite hard, which isn’t a big surprise. It is unclear what this means for the altcoin’s future valuation, though.

There is still a long way to go until SegWit2x happens. The hard fork won’t occur until a few weeks from now. People are already preparing to store their bitcoins in such a way they can get their hands on free tokens. It remains to be seen if the new token will detract value from the Bitcoin price, though. The same happened with Bitcoin Cash, although it only made Bitcoin stronger in the end. At the same time, BCH is losing value quite rapidly as well.

SegWit2x Futures are Taking a Beating

With the SegWit2x futures price dropping to 0.15 BTC and lower, things don’t look great. Them again, it is expected a lot of people will get rid of those coins quickly. The same will happen to Bitcoin Gold coins once they become available. Selling too soon may not be the best course of action for the time being. After all, BCH bounced back pretty quickly and quadrupled in value briefly.

The futures price of S2X is a pretty interesting factor. While it is not necessarily the go-to reference right now, it does show there will be a lot of price volatility. Speculation is the name of the game when it comes to cryptocurrency airdrops. A lot of people consider this token to be a freebie. That is not necessarily the case, though. Only time will tell how this situation evolves. People need to prepare for a lot of selling pressure first and foremost. An interesting future awaits, that much no one can deny right now.

Rest assured there will be a lot of people effectively buying some cheap futures contracts right now too. That is only normal, as such contracts can yield interest dividends. A lot of people will consider the current price to be a steal. Whether or not that is correct remains to be seen, though. These are very exciting times for the Bitcoin price and hard fork markets. For now, Bitcoin remains the clear king of the market. It sure seems good to be king.

Today, Financial Blockchain company Cashaa has announced the launch of its CAS tokens in a Token Generation Event (TGE) which will take place on November 6th with a pre-sale kicking off October 20, 2017.

 Cashaa – rated as one of the Top 100 Most Influential Blockchain Companies in the world – is building ‘The next generation banking platform for the next billion’ which will potentially enable billions of banked and unbanked users to access the financial services.

The financial crisis revealed significant weaknesses in the existing financial system while more than 3.5 billion people are still unbanked or underbanked with limited or no opportunities to participate in the global economy. Transferring money for remittance or money lending across international borders is still complicated, time-consuming and expensive. Existing systems are slow and full of intermediaries, triggering higher exchange rates, weak counter-party risk checking, bureaucracy and extensive paperwork. The recent emergence of cryptocurrencies showed a silver lining to solve this issue. However, it turns out that consumers and businesses are struggling to leverage the benefits of the Blockchain infrastructure due to poor Usability, non-customer centric approach, and improper legal implementation.

Cashaa is a gateway to consumer-centric and affordable financial products aimed at consumer adoption of Blockchain without having to understand the technical details of Blockchain technology. Cashaa’s wallet system, integrated with the peer to peer exchange with a full spectrum of fully digital financial services, enables its community to save, spend, borrow and get insured, with a simplified user experience in a legally compliant way.

Cashaa is building its infrastructure on the Blockchain and utilizes artificial intelligence and biometric systems to empower mainstream adoption of payment and financial products with full security. Cashaa’s open platform approach also allows traditional financial institutions, banks and payment processors to reinvent and connect their products and services on the Blockchain, making them more efficient, convenient and globally accessible.

To implement its vision, Cashaa is launching its Token Generation Event (TGE), issuing CAS tokens on the Ethereum Blockchain. CAS token holders will be able to access premium services, creating a credit score and to participate in the governing mechanism of CAS tokens.

Commenting on the announcement, Kumar Gaurav, Cashaa’s CEO, said, “Cashaa started as a blockchain-based international money transfer marketplace and we have seen exponential growth over the past few months. We are now evolving it as a Banking and Payments solutions provider with products for lending, international payments, prepaid cards, and insurances. The overall goal is to leverage Blockchain technology to build a customer-centric, fully digital financial platform which is universally accessible and simplifies the user experience.

Cashaa’s token sale is one of the few token sales backed by a unique proven platform which has been beta-testing with 12,770 registered users from 141 countries till June 2017. Following these achievements, Cashaa features among the ‘Top 100 Most Influential Blockchain Companies in the world’. The successful initial tests encouraged and inspired the team on their mission to fully exploit the power of the ‘Internet of Value’.

The team and the advisory board is composed of passionate people with more than 200 Years of payments and banking experience. The team includes successful entrepreneurs who built their companies from scratch which are now part of Fortune Top 15 companies. Cashaa’s advisory board includes MIT scientist & renowned tokenomist Dr. John Henry Clippinger, Blockchain News publisher Richard Kastelein, Winner of Entrepreneur TV show “The Apprentice” Tim Campbell and executives from Central banks & Fortune 500 companies.

One billion CAS tokens will be generated during the TGE event out of which 51% (510,000,000 CAS) will be available for the community. At Cashaa, they consider it as a strong signal of trust if the community owns more than half of the CAS tokens from day one. All the unsold tokens will be burned to protect buyers while tokens held by company and team will be locked using Smart contract with three years of vesting period.

“The CAS token launch will enable us to expand into new geographies and drive innovation” Kumar added.

From 20th October, 1700 UTC, to 30th October, Cashaa will start its pre-sale for registered participants. To give every community member a fair chance, there will be a maximum cap of 10 ETH per participant during the crowd sale starting from 6 November 1700 UTC, the TGE will start, until the cap is reached.  After the TGE, the CAS tokens will be traded on cryptocurrency exchanges.

For more information on how to participate, visit

STK Global Payments, creators of the STK token, is announcing their Global Advisory Team, four weeks ahead of its public Token Generation Event beginning on November 13, 2017.

Built on the Ethereum blockchain as an ERC20 token, the STK token will enable users to transact with cryptocurrency in global markets and at brick-and-mortar stores in real-time.

“STK will bridge the gap between the 22 trillion dollar retail marketplace and one of the fastest growing currencies in the world,”  said Miro Pavletic, co-founder and Director of STK Global Payments. “We’ve simplified the blockchain process so that you can use cryptocurrency as easily as you would a debit card or cash.”

STK’s Global Advisory Board has decades of combined strategic experience spanning multiple industries, including finance, technology, political science and regulatory affairs. The Board includes a founding member of Ethereum, a Stanford University Visiting Fulbright Scholar, an award-winning publisher, entrepreneur and a Blockchain Specialist with multiple successful exits.

“This is an incredibly distinguished group of industry leaders, with a wealth of both practical and strategic experience,” said Pavletic. “We’re fortunate to benefit from their thought leadership as we move into the development and implementation phase ahead.”

STK Advisory Group

Ethan Wilding

Co-Founder of Ledger Labs, and a founding team member of Ethereum  

Ethan Wilding is the former Chair of the Certified Bitcoin Professional exam, one of the first not-for-profit programs to establish a standard body of knowledge in the field of blockchain technologies. Ethan earned a Ph.D. in Philosophy from the University of Waterloo and taught at the Balsille School of International Affairs. He is globally recognized for his role as a founding team member of Ethereum.

“STK aims to break down the cryptocurrency usability barrier and make crypto as familiar to use as traditional payments, all with no fees and no confirmation delays. To do this they are leading the way by implementing a cutting-edge Ethereum blockchain technique called State Channels; this technique will become the standard for many types of cryptocurrency payments.” — Ethan Wilding

David LEE Kuo Chuen

Professor, Entrepreneur, Director and Advisor

Visiting Fulbright Scholar (2015) at Stanford University and Professor for Fintech and Blockchain at Singapore University of Social Science

Professor David LEE Kuo Chuen is the founder of several companies including California-based Left Coast and Singapore’s Ferrell Group. He is an investor in several successful Blockchain companies including Qtum and TenX. David has held several esteemed positions in the financial industry, including Director of the Sim Kee Boon Institute for Financial Economics at Singapore Management University and Group Managing Director of OUE and Auric Pacific. He graduated with BSc, MSc and PhD from the London School of Economics and Political Science.

“One of the areas of financial services and financial technology that I’m most passionate about is the idea of financial inclusion. People around the world face many barriers when it comes to accessing, spending or saving their money. A universally accessible solution like the STK token, that provides advanced financial services to people regardless of country or currency is something I am excited to be a part of.” — David LEE Kuo Chuen

Richard Kastelein

Founder of Blockchain News

Richard Kastelein is a partner at ICO services collective CryptoAsset Design Group, and Director of educational company Blockchain Partners (an Oracle Partner).  An award-winning publisher & entrepreneur, Richard has advised several blockchain start-ups through successful ICOs and has authored more than 1400 articles on blockchain technology on leading industry publications including Harvard Business Review, VentureBeat and Blockchain News.

“I like to support a solid project with a solid team. I got involved with STK because the team was very strong. When you couple that with a brilliant product you get a winner. I’ll use the solution myself, so I’m confident there is a market for their mobile-first, crypto-friendly solution. And, they’re fellow Canadians, which added to my decision.” — Richard Kastelein

Chami Akmeemana

Blockchain Specialist

Chami Akmeemana has had four successful venture exits in the last decade, and currently, advises a select roster of Blockchain companies. Chami was the Director of regulatory and government affairs at ConsenSys Inc, Fintech Advisor to the Ontario Securities Commission and Managing Director, Fintech, and Blockchain at the Global Risk Institute. Chami is also the Chairman of the Blockchain Association of Australia.

“This is a true game-changer for the financial payments and retail sectors. “The STK token represents a significant stride in the journey to achieve real-time settlement of cryptocurrencies in all forms of mainstream financial transactions, in large part leveraging State Channels, which is one of the latest updates to the Ethereum Blockchain.”  — Chami Akmeemana

The STK public token sale begins on November 13, 17:00 UTC. A pre-sale will run from October 30, 17:00 UTC.

Visit for more details.


We have reached the final day of the week in our bitcoin price trading efforts and what a final few days it has been. The bitcoin price broke through the $5,000 mark late on Wednesday evening, early Thursday morning depending on where you are and, subsequent to the break, hasn’t really looked back. We are now sitting at a point where price has run more than $1,000 in less than 24 hours and this is where things get a little bit hairy.

There is every chance that we may see a near-term correction and, if we do, the extent to which price gives back value to markets is tough to call.

As long as we don’t get any severe fundamental shocks (like we did out of China last time) then things should stay relatively subdued.

Anyway, whatever happens, we are going to make sure we will be ready.

Let’s get some levels outlined that we can use to take advantage of any action in the bitcoin price during the session today. As ever, take a quick look at the chart below before we get started so as to get an idea where things stand and where we are looking to jump in and out of the markets according to the rules of our strategy moving forward. It is a one-minute candlestick chart it has our range overlaid green.

As the chart shows, the range we are using for the session today comes in as defined by support to the downside at 5674 and resistance to the upside 5712. If we see a close above resistance, we will enter long towards an upside target of 5750. A stop loss on the trade at 5700 looks good. Looking the other way, if we get a close below support, we will enter short towards 5620. A stop loss on this one at 5685 works well.

Charts courtesy of Trading View

A lot of people are keeping a close eye on the Bitcoin price right now. Due to this upward momentum, a lot of coins are being spent on the network. That is a good sign in most cases, but it can be somewhat problematic for Bitcoin. The Mempool is filling up with unconfirmed transactions once again. Despite the SegWit scaling solution, this remains a big issue.

It is not entirely surprising to see the Bitcoin mempool clog up once again. Every time the price moves in either direction, there are a lot more transactions. Cryptocurrency networks need to grow and evolve over time, thus such growing pains are not unusual. However, issues like these should be far less common than they are right now. After all, one would expect Segregated Witness tackles this issue.Unfortunately, that is not entirely the case as of right now.

Bitcoin Mempool Remains an Issue

More specifically, the number of SegWit transactions is still pretty low right now. A lot of wallets and online services still have to implement this solution. Until that happens, however, not much will change anytime soon. More specifically, the number of network transaction waiting for confirmations is still rising as we speak. This has been a problem for quite some time now, to say the least.

Moreover, this problem forces users to pay higher fees once again. It does appear most transactions are still low fee right now, though. Things are not as horrible as they were just a few months ago. However, the people who support SegWit2x will see this as a validation of why we need SegWit and a block size increase at the same time. It will certainly cause a lot of debates moving forward.

In the end, there are still a lot of issues in Bitcoin which need to be addressed. Solving the mempool issues should be at the top of the list right now. SegWit is designed to do that, but unless everyone uses it, things will not change. There is still a very long way to go until we see big improvements in this regard, that much is certain. An interesting situation to keep an eye on moving forward.

Hello and welcome to News BTC’s Market Outlook October 13.


DASH fell slightly during the day on Thursday, as we continue to bounce around the $295 region. I think that the $300 level above will continue to offer resistance, but if we can break above there, the market should continue to go towards the $315 level. Ultimately, crypto currencies in general have done very well, and I think that it’s only a matter of time before we go much higher.


Litecoin initially dipped lower, reaching towards the $49 level before finding buying pressure. We broke out towards the $54 level, and I think there is a significant amount of resistance at the $55 level. Ultimately, this is a market that should continue to offer buying opportunities on pullbacks, and it’s likely that we will continue to see this market attract buyers as the move has been very obvious. However, buying at the extreme highs of the day would be a very risky thing to do.

Thanks for watching, I’ll be back tomorrow.

Hello and welcome to News BTC’s Market Outlook October 13.


Ethereum rallied during the day on Thursday, reaching towards the $308 level, but then pulled back towards the $302 level to find support. The 20 SMA has offered support, and it looks as if we are going to continue to grind towards the $314 level above. I believe the pullbacks continue to offer value, and I also believe that if we can break above the $315 level, the market will then reach towards the $325 level. I have no interest in shorting Ethereum.


Ethereum fell during the day on Thursday, breaking down towards the 0.059 level against Bitcoin. This is a market that is probably going to continue to favor Bitcoin, as we have seen such a massive breakout in the BTC/USD pair. Ultimately, this is a market that continues to see a lot of volatility, and therefore think that the market should continue to see short-term opportunities, but mainly to the downside. Nonetheless, I prefer to buy the ETH/USD pair rather than short this one.

Thanks for watching, I’ll be back tomorrow.

Hello and welcome to News BTC’s Market Outlook October 13.


Bitcoin rallied significantly during the day against the US dollar on Thursday. We reached towards the $5200 level, getting a bit overextended. A pullback at this point would be a nice buying opportunity, as we certainly have a lot of buying pressure underneath. However, you cannot chase a trade like this, you have to wait for value to come back into the marketplace. I now think that the $4900 level offers a bit of a floor.


Bitcoin also rallied against the Japanese yen, reaching towards the ¥580,000 level. I think at this point, pullback is a buying opportunity, and we should see a significant amount of support near the ¥550,000 level. Ultimately, this market goes much higher, perhaps reaching towards the ¥600,000 level, as this breakout is significant. Bitcoin looks like it’s ready to go higher, but look for value, don’t jump in right away.

Thanks for watching, I’ll be back tomorrow.