Bitcoin price gained strength after there was a clear close above the USD 11,000 resistance. BTC was able to clear the USD 11,250 and USD 11,400 levels. The price is currently (05:00 UTC) consolidating gains below USD 11,500 and it seems to be aligning for the next upside break.
Similarly, there was a steady increase and positive moves in most major altcoins, including ethereum, XRP, litecoin, bitcoin cash, EOS, ADA, TRX, BNB, and XLM. ETH/USD broke the USD 355 and USD 365 resistance levels. XRP/USD also settled above USD 0.250 and it might continue higher if it clears USD 0.258.
Total market capitalization
After multiple failed attempts to clear the USD 10,250 support, bitcoin price started a strong upward move. BTC surpassed the USD 10,800 and USD 11,000 resistance levels to move into a positive zone. It even tested the USD 11,500 resistance and recently started a downside correction. An initial support on the downside is near the USD 10,350 level.
The first major support is near the USD 11,250, below which the bulls might defend the main weekly support at USD 11,000. On the upside, a clear break above the USD 11,500 resistance could open the doors for a push towards USD 11,800 and USD 12,000.
Ethereum price also followed a similar pattern and it rallied after a clear break above the USD 355 resistance. ETH broke the USD 365 resistance and tested the USD 380 level. The price is trading with a positive bias and if it clears the USD 380 level, the bulls might test the USD 400 level.
On the downside, the price might find bids near the USD 365 level. The main weekly support is now forming near the USD 355 level.
Bitcoin cash price gained traction after it broke the USD 230 resistance. BCH even climbed above USD 235 and USD 240. The next key resistance is near the USD 250 level. If there is a downside correction, the price might find bids near USD 235. The breakdown support might be forming near the USD 230 level.
Chainlink (LINK) gained pace above the USD 10.20 and USD 10.50 resistance levels to move into a bullish zone. The price is now trading near USD 10.80, with a key hurdle near the USD 11.00 level. A successful break above the USD 11.00 level might lead the price towards the USD 12.00 level.
XRP price jumped after it settled above the USD 0.245 pivot level. The price broke the USD 0.250 and USD 0.255 resistance levels. It is now struggling to clear the USD 0.258 and USD 0.260 levels. The next major stop above USD 0.260 for the bulls might be USD 0.272. On the downside, the main support is now near USD 0.245.
In the past three sessions, many altcoins gained over 8%, including REN, XMR, NMR, ATOM, BAND, YFI, ZEC, SUSHI, SOL, and KSM. Out of these, REN rallied 25% and it broke the USD 0.380 resistance level.
Overall, bitcoin price is trading in a positive zone above USD 11,250 and USD 11,000. The current price action indicates that there are chances of more upsides above the USD 11,500 resistance.
Regrets — Ripple’s CTO sold 40,000 Ether for just $1 each
Ripple’s David Schwartz has revealed that he sold 40,000 Ether at $1 each as part of a risk management plan made with his spouse in 2012.
Published on October 12, 2020
Ripple’s Chief Technology Officer, David Schwartz, has revealed that he and his wife decided to make a “derisking plan” for their crypto investments in 2012 — resulting in eight-figures worth of missed profit at current prices.
In a series of tweets published on October 11, Schwartz revealed that he sold 40,000 Ether (ETH) for $1 each back then — a stash that would be worth more than $15.5 million at today’s prices.
The Ripple (XRP) executive also said that he regretted selling a significant sum of Bitcoin (BTC) for $750 and a large trove of XRP at $0.10, but did not reveal the volume of the sales.
My decision to derisk was made in 2012 or so when I discussed investing in cryptocurrencies with my wife. She insisted we agree on a derisking plan right then. And I must say that every bitcoin I sold for $750 or XRP for $0.10 hurt.
— David Schwartz (@JoelKatz) October 11, 2020
Schwartz revealed his early conservative downsizing while responding to Twitter user ‘PbuzzXr’ who claimed that “anyone pushing XRP while derisking is exit scamming” in a wide ranging thread.
The user, who was not speaking about Schwartz specifically, added: “You can’t go around trying to build faith in others for XRP while you yourself have no faith in it and feel derisking it is your best option.”
Ripple’s CTO emphasized that his decision to derisk in 2012 was informed by the fact he is “a risk averse person with people who depend on me financially and emotionally.”
“Fate caused me to put a lot of eggs in one basket […] The risk is very high in the entire cryptocurrency space. I’m just too rational to pretend otherwise and suggest others do the same.”
Last week, Ripple’s co-founder and executive chairman, Chris Larsen, criticized the United States for failing to keep up with the likes of China, Singapore, and the United Kingdom in fostering crypto innovation, hinting that the company may soon relocate from the U.S.
Buying Bitcoin Locally vs Online: Which Bitcoin of America Method is Best for You? | Press release Bitcoin News
With a second stimulus check due, now is the time to start thinking of your financial future, with the opportunity to buy bitcoin at a time when many people are predicting its continued rise in its value. You may have already seen a Bitcoin of America ATM in a local store and been impressed by their convenience, or talked to a local store keeper about buying bitcoin using the handy bitcoin tablet service. Alternatively, you may want to purchase bitcoin or Litecoin online via the Bitcoin of America online trading platform from the comfort of your smartphone or computer.
Buying from a bitcoin ATM or tablet location
A key advantage of using a bitcoin ATM is that it enables people to buy crypto currency conveniently. As a result these specialist ATMs cater for people who may not have a regular bank account, and people just getting started in crypto who don’t want to learn about the technical ins and outs of online exchanges, but who appreciate the privacy and security that BTMs offer when buying bitcoin or litecoin.
While exchanges like Coinbase and Genesis get all the social media headlines, getting set up and then making a bitcoin transaction using an online exchange can be a lengthy process. In comparison, bitcoin ATMs (BTMs) are set up to allow you to buy bitcoin or litecoin right there and then on the spot. Part of that attraction is that the process of getting bitcoin to your wallet is straightforward too. By scanning your mobile wallet when you make an ATM purchase means you avoid the common mistake of entering the wrong wallet address.
Tablets vs ATMs:
In line with the traditional ATM experience, you decide how much bitcoin you want to buy and you have control over how much you insert. It’s the same with buying over the counter using a tablet, but with the added benefit of having a human assistant to take the cash and confirm the bitcoin has been sent to your crypto wallet. Both bitcoin ATM and over the counter tablet purchasing give you the control, and minimize the effort, so you get the investment you want, when you want it. However, the tablet program adds that extra level of ease, as unlike the bitcoin ATM there’s no need to understand how to operate the tablet, the store assistant does that job, and answers any questions you may have. While a lot of people are interested in cryptocurrency and want to dip their toe in the water, the technology whether online or in the form of an ATM can be off putting. So having someone walk you through the process, and help you understand the wallet and address process for purchasing, is a great way to buy your first bitcoin or litecoin safely and securely, with the quality assurance that the whole process is backed by Bitcoin of America.
Buying using a wire transfer
A third option for buying crypto currency is to use a wire transfer, through an account with the Bitcoin of America exchange. The benefit of a wire transfer for purchasing is particularly well-suited to the experienced investor, who wants to be able to make large volume purchases for a more price competitive fee compared to using an ATM or tablet in store. Also purchasing in the comfort of your home or office through the exchange allows you the time and privacy required with larger purchases, and what’s more the purchase process is completed on the same day.
It’s also worth noting that the exchange route for purchasing provides an extra level of assurance to customers, as it’s one where the business has invested considerable time and effort to get it right to ensure its fully BSA/AML complaint. As the founder of Bitcoin of America, Sonny Meraban said in the California Business Journal recently, “we have one of the strongest compliance programs, if not the strongest”. Bitcoin of America is a registered Money Service Business with the US Department of Treasury and operates in compliance with all federal and state laws.
For A step by step guide to buying Bitcoin via Wire Transfer, Visit the Bitcoin of America Website. Wires allow for higher volume trading than ATMs.
If you have any queries, or problems during the buying process please contact Bitcoin of America support.
Bitcoin locations in your area
Bitcoin of America hosts hundreds of locations to buy bitcoin in cities across the US. Click here to find the nearest one to you.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Spot-markets for Bitcoin, Bitcoin Cash, Ripple, Litecoin and more. Start your trading here.
Author: Press release
Crypto Trader Offers Roadmap To Chainlink Buckling Against Bitcoin
Few coins in the crypto world have performed anywhere near as well as Chainlink – Bitcoin included. After nearly three steady years of overperformance against the most dominant cryptocurrency, LINKBTC could have also topped alongside the USD pair.
One top crypto trader with a track record of successful calls has shared a new chart outlining the path Chainlink could take before ultimately buckling against Bitcoin.
What goes up must come down, as the saying goes. Chainlink’s historic run both against the dollar and Bitcoin is one for the crypto record books, as short as they may be. But it could have culminated over the hot summer months when LINKUSD hit $20, and LINKBTC topped out over 166,000 sats.
Since then, the LINKBTC trading pair fell over 50% from local highs to support. But each time support has been tested, it has resulted in an over 20% bounce.
A top pseudonymous crypto trader has shared a new chart on Twitter expecting that same support to be thoroughly tested until it finally breaks down.
LINKBTC Weekly Descending Triangle Pattern Expected | Source: TradingView Via DonAlt on Twitter
The breakdown, however, won’t come without a bull trap before the end of what appears to be a descending triangle. A false breakout to the upside sets the stage for a bull trap that pulls prices much deeper, back to 35,000 sats, or roughly another 60% fall from support.
The total fall on the LINKBTC trading pair would represent a free fall of 78% from highs.
But that could not be the end of the downtrend for Chainlink, even if there’s a more significant bounce at that level. The case for why that is is in Bitcoin itself.
When any asset, crypto or otherwise, breaks its parabolic advance, statistics show that they typically retrace 80% or more. Peter Brandt, a career commodities trader, called Bitcoin’s bottom a year earlier using nothing more than his data alone.
Bitcoin, in the end, fell 84% to its final low. Altcoins, however, had it a lot worse and dropped to as much as 99% in many cases.
The target for Chainlink, being far more promising than many of the altcoins of the crypto bubble, but not quite as fundamentally strong as Bitcoin yet, is likely somewhere in between the two extremes.
Featured image from Deposit Photos, Charts from TradingView
Best Gaming keyboards, the best mechanics to play on PC
Do we love to play RPGs, shooters, or other types of multiplayer computer games? However, to be able to play like professionals, we cannot use a simple keyboard, identical to the one we would use to write in Word or to surf the Internet. We must still use a keyboard designed for gaming to reduce lag to zero when pressing the keys. And get with all the optimizations designed to give you an undoubted advantage during the most intense sessions.
To meet the needs of the most avid gamers, in this guide, we will show you what features a good mechanical gaming keyboard must have and, once we have seen this, we will be ready to dive into the buying guide, where we will find the best models currently available on Amazon, for many the best site to buy a new keyboard.
In the following chapters, we will discover the difference between a mechanical keyboard and a membrane keyboard, what other features a good gaming keyboard must have, and show you a series of models for all budgets, so you can immediately choose the new keyboard to reserve for our games.
One of the biggest dilemmas for those approaching to buy a new keyboard is whether to choose a mechanical or a membrane one; below, we have gathered information on these two types of keyboards:
Therefore, to play, we recommend to always focus on a mechanical keyboard given the superior quality and greater precision in pressing the keys. Some manufacturers have also introduced hybrid keyboards with mechanical buttons on a membrane surface, but to be on the safe side, let’s make sure that the features described in the next paragraph are also present.
Gaming keyboards are not all the same, so before buying one, be sure to check the following technical features.
Let’s remember that a comfortable keyboard for typing isn’t always suitable for gaming, and vice versa. Therefore, buying a gaming keyboard should primarily accompany a gaming PC, with the ability to write from time to time without problems. A comfortable keyboard for typing could become impossible to use during games, so let’s choose which model to choose.
After seeing some of the features that a gaming keyboard must have, here are some of the best models that we can find on Amazon, to choose from due to the advantageous return policies, to be able to test even more than one keyboard and return those that do not convince us.
An affordable and affordable gaming keyboard is the Logitech G413, available on Amazon for less than 70 €.
This keyboard features Romer-G Tactile mechanical switches (similar to Cherry MX Red), RGB LED backlighting, aluminum alloy frame, custom functions, multimedia controls, an Italian QWERTY layout, and an additional USB cable (for faster data transmission).
If we want a quality mechanical keyboard at all costs without spending a fortune, we can look at the DREVO Calibur V2, available on Amazon for less than 70 €.
On this keyboard, we find Cherry MX Rossi Switch, 72-key Italian layout, software customizable RGB backlighting, PC / MAC Dual Mode (swap between PC and MAC easily by pressing FN + TAB), Anti-ghosting, N-Key Rollover, multimedia control, and macro support.
The first high-end mechanical gaming keyboard is undoubtedly the MSI Vigor GK60, available on Amazon for less than 90 €.
This gaming keyboard boasts Cherry MX Red Mystic Light switches, aluminum shell, headphone grommet, metal keycaps, customizable backlight, non-slip base, anti-ghosting, 0 lag mode, and software macro programming.
Another high-end keyboard that you can try is the Asus ROG Strix Scope, available on Amazon for less than 160 €.
On this keyboard, we find Cherry MX RED Switch, Xccurate Ctrl key twice as wide, and Aura Sync RGB LED technology for unlimited backlight customization options and advanced Macro management through dedicated software.
The top of the range keyboard we can focus on is the Corsair Strafe RGB, available on Amazon for less than 180 €.
On it, we can find the Cherry MX Red switches, Multicolor RGB backlighting, fully programmable via software, USB pass-through port to connect another peripheral, 100% anti-ghosting, and full rollover on all 104 keys.
On mechanical keyboards, we have many choices, both if we are beginners and want a mechanical gaming keyboard complete with every functionality at the right price. If we are particularly demanding and want to play at higher levels, we can take advantage of the opponents. Prices tend to be much higher than traditional keyboards, but the result is guaranteed!
Retail Interest in Bitcoin Peaked Just Before 13% August Flash Crash
Bitcoin and the entire crypto market rebounded from their recent lows this morning, signaling that bulls are not ready to surrender the gains that they had amassed throughout the end of last week.
The strength seen by the aggregated market over the past few days has been promising, as BTC and many altcoins were able to close their weekly candles above multiple key levels.
One interesting trend to observe is retail interest in Bitcoin, as it seems as though this metric’s peak coincided closely with a sharp decline in BTC’s price.
This could be intentional manipulation by so-called “whales” – claims one analyst.
At the time of writing, Bitcoin is trading up over 2% at its current price of $11,500. This marks a notable surge from recent lows of $11,200 set earlier this morning when bears stepped up and tried to revert its recent uptrend.
It is important to note that this slight retrace was short-lived and appears to be what helped spark the latest push higher.
The key resistance to watch now sits at $11,600, as a break above this level would be technically significant and help catalyze further momentum.
One analyst observed that throughout the Summer, retail interest in Bitcoin grew up until August, at which point its price peaked and kicked off its multi-month consolidation phase.
He also notes that the 13% August flash crash that Bitcoin experienced came about just one day after retail interest peaked.
“Retail interest spiked on the 1st of August, the day before that 13% flash crash… BTC whales have no chill. Welcome to the community new bagholders,” he said while referencing Google Trend data.
Image Courtesy of Byzantine General. Chart via TradingView.
This trend, if it holds strong in the future, could signal that bouts of rallying retail interests precede large selloffs induced by profit-taking from larger investors.