Darryn Pollock

Bitcoin Still Breaking New Lows, But Bullish Breakout Expected

For two months in a row Bitcoin has posted losses, but the feeling is that a bottom has been reached and a break-out could be around the corner
Bitcoin Still Breaking New Lows, But Bullish Breakout Expected

The third quarter for Bitcoin has not been a pleasing one as its price has hit new lows month on month, but the feeling is that there is a bullish breakout brewing.

August and now September have seen Bitcoin price close out lower than it started those months, but price predictors are still optimistic that there will be a quarter four price boost for a number of reasons.

The likes of Mike Novogratz have called this price bracket the bottom for Bitcoin and because of this the only way the cryptocurrency should be up. It was also in the fourth quarter that the Bitcoin price started shooting up.

Poor August & September

Bitcoin’s price opened September just above $7,000, but through this month there was a sharp decline that took the cryptocurrency down below $6,200. It is currently hovering around $6,500 which shows another month of losses.

This goes along with a 10 percent loss that was felt from the beginning to the end of August.

However, despite two months in the third quarter showing losses, Bitcoin’s price is actually up a few percentage points in the third quarter.

How the third quarter went

July saw Bitcoin break a small record as it reached above $8,500 to make it a new two-month high which was also a change in a four-month-long overall decline. Most of this rise was because of the excitement surrounding a potential ETF decision from the SEC.

However, Bitcoin price fell on the news that the Winklevoss twins had had their second ETF application rejected. This news may have brought the price down, but July was a good month overall as it showed an end to Bitcoin’s long losing streak leading up to the halfway mark of 2018.

August saw Bitcoin almost hit a new low for the year, for it fell below $6,000, but quickly made its way back to $7,000 as the end of the month came. And, despite August seeing a lot of selling action, Bitcoin managed to grab back a plus-50 percent dominance across the entire market.

September saw Bitcoin slowly rising with a lot of optimism flowing back into the cryptocurrency market; however, a sudden drop early in the month put many people on the back foot again. The sell-off that followed saw Bitcoin drop back towards $6,000.

However, as September has closed off, Bitcoin has been slowly gaining again.

Bulls around the corner?

There are a few indicators and predictors that seem to point to a rally being around the corner for the fourth quarter of 2018. The anticipation of a Bitcoin ETF is one such indicator. Many feel that should the SEC open the doors on a Bitcoin ETF with some applications still being considered there will be a big influx into the cryptocurrency.

It will indicate an acceptance from regulators and also open a big door for institutionalized investors to enter the market.

Tom Lee has also come out in support for his year-end prediction which is its past all-time high of $20,000. Lee’s latest assertion is that $6,000 is an important mark for miners as it is essentially a break-even point.

“$6,000 is a level that is more important than we realized. Earlier this year, we were pointing at $6,000 as a breakeven for Bitcoin mining, so that level should hold. The fact that Bitcoin is holding here is very good news. I think there are catalysts in the year-end, so I think despite the lower highs we’ve seen, I think we’re starting to reverse,” Lee said.

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Coins Guide George Shnurenko

How to mine TRON (TRX)

🎓 Coins Guide
There is no possible way to mine Tron (TRX)
How to mine TRON (TRX)
There is no possible way to mine Tron (the same applies to almost all third generation cryptocurrencies). All the coins already exist, so there is no need for mining. However, one can earn Tronix if he is able to supply the network with additional storage space. That helps to create a new sharing economy.

Coins Guide
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📈 Pricewise Thomas Hughes

Bitcoin Price Prediction for November: The Market Is Wound Up and Waiting

Pricewise
Bitcoin price predictions 2018 have not come to pass. The coin is range-bound and waiting for something to happen, but what could it be?
Bitcoin Price Prediction for November: The Market Is Wound Up and Waiting

Technical Outlook

The technical outlook for Bitcoin is lackluster at best. With no major catalyst to drive it, the coin is languishing near long-term lows where it has been trading for many months. The world’s leading cryptocurrency is trapped in a tight range and does not look like it will break out any time soon. Indicators like stochastic and MACD concur; this token is range-bound and trending sideways for the short-term at least.

Bitcoin Projections, Bitcoin Forecast, Bitcoin Price Prediction

Description - Bitcoin price chart with Bitcoin Predictions 2018

Major support is above $6,000, and the token’s range appears to be narrowing down to a point near $6,400. This point is noteworthy as it is the balance point at which miners — most of them, anyway — are able to turn a profit. If the price of Bitcoin was to fall significantly below this level, it could force miners out of the market and spell the end for the world’s reserve cryptocurrency… That is not a possibility in our Bitcoin projections.

Our Bitcoin forecast is this: the price of Bitcoin will most likely trend sideways within the current trading range until the next major catalyst emerges. The token will likely trend near a point of the market equilibrium that appears to be near $6,400. When the catalysts emerge and there are several on the horizon, Bitcoin will break out of the range and start moving higher. How high it goes will depend on the catalyst.

Bitcoin miners are supporting the market

The global hash rate data says that Bitcoin miners are still interested in the number one cryptocurrency by market cap and are supporting the market. The global hash rate, the amount of computing power spent on BTC mining, topped out this year when BTC prices hit their lowest levels but have since been trending at record-high levels. The miners are important for one fundamental fact: they are the source of all Bitcoins. Because it costs the miners about $6,500 per coin to operate their rigs, you can bet the price of Bitcoin won’t far fall below that level.

Bitcoin Price Predictions, Bitcoin Price Predictions 2018, Bitcoin Forecast

Description - Chart of Bitcoin hash rate growth since 2017

A Dwindling Supply will help drive prices higher

What most Bitcoin price predictions fail to mention is the ever-dwindling supply of Bitcoins. By dwindling, I do not mean the ever-increasing difficulty rate which makes finding new Bitcoins harder and harder. By dwindling, I mean the growing number of Bitcoins that are lost or irretrievably locked away.

  • Proof of Burn is a way to start new cryptocurrencies by burning another cryptocurrency. A public cryptocurrency burn is sending cryptocurrency to a prearranged and irretrievable BTC address for the purpose of shifting value from one token to another.

Estimates as recent as November 2017 had the number of lost Bitcoins at 4 mln. That number has jumped significantly over the last 12 months and now stands closer to 7 mln lost Bitcoins. The reasons for the loss are varied, but all point to one thing: less and less Bitcoins are available every day, and eventually, they will all be gone. To put this problem into perspective, think about this: there are only 21 mln BTCs ever to be mined, about 18 mln are already mined, and 7 mln of those are lost.

People lose Bitcoin on purpose?!

One of the primary reasons Bitcoins are getting lost is Proof-of-Burn. Proof-of-Burn is the concept that value stored in one token can be transferred to a new digital token. By burning coins in a public fashion, sending them to an unrecoverable address, the tokens are lost on purpose and are in effect an escrow account guaranteeing the value of the newly created cryptocurrency.

Regardless the reason, the bottom line for investors is this. Bitcoin is a commodity; commodities are valued based on supply and demand. We know for a fact that supply is shrinking, all it will take for Bitcoin’s price to shoot higher is an increased demand.

Bitcoin is the dominant cryptocurrency

Despite this year’s bear market in cryptocurrency, Bitcoin remains the leading digital currency by market cap. The total market cap for Bitcoin has been hovering near $110 bln over the past few months and represents more than 50% of the total cryptocurrency market. This figure shows Bitcoin is still the most sought-after digital token commanding the greatest flow of new money.

Over the past year, Bitcoin’s dominance has been in flux as bearish activity and the launch of new tokens induce market volatility. Bitcoin’s dominance fell to a low near 33% in January 2018 and has since recovered. Over the past two months, the token’s dominance has steadily increased to current levels as market participants flock back to the most stable and trusted digital currency on the market.

Source: Coinmarketcap.com

Bitcoin Price Prediction 2018, Bitcoin Price Prediction 2017, Predictions for Bitcoin

Description - Chart of Bitcoin price dominance with annotations

This figure is brought into sharp contrast when compared to the #2 and #3 digital currencies by market cap, Ethereum and Ripple. Combined, Ethereum and Ripple command less than 20% of the total market which makes them less attractive to new money seeking to invest in cryptocurrency. When the market comes back, and it will, Bitcoin will be the first choice as it has the greatest respect and trust among digital currency traders.

  1. Bitcoin dominance November 2018 is 53%.

  2. Ethereum dominance November 2018 is 10%.

  3. Ripple dominance November 2018 is 9%.

How does this affect the Bitcoin price prediction 2018? If you look at the Bitcoin price prediction 2017, there is a compelling comparison to be made. In 2017, just before Bitcoin began its wild march to $20,000, the token’s dominance fell below 40% before resurging to more than 60%. Many analysts believe, and I am one of them, this year’s fall to 33% and rebound to 50% are signaling a rebound in Bitcoin price that only needs a catalyst to get started.

Regulation is the catalyst traders are waiting for

The catalyst traders are waiting for is regulation. Regulation and regulatory issues have been hanging over the entire cryptocurrency market for years and are the cause of the 2018 bear market. The war began last fall when China’s financial regulators moved to ban cryptocurrency, cryptocurrency trading, and ICO’s within China. The bear market was set off a month or so later when South Korea, a hotbed of Blockchain technology, made similar moves. Since then, South Korea has softened their stance, embracing Blockchain and digital financial securities, but the issue of regulation is far from being settled.

Source: CCN.com

Bitcoin Infographic

Description - Bitcoin’s potential to change the world, from CCN.com

The number one issue holding traders back today is the SEC, the CFTC, and US regulation. The SEC and CFTC have allowed the listing of BTC futures, but that is as far as they’ve got regarding the legal listing of Blockchain-based trading solutions in the US. The SEC has created a cryptocurrency czar whose job is to coordinate proper regulation of the market, but still, there is no framework, not even a hint of what may come.

Traders around the world are waiting for a Bitcoin or cryptocurrency ETF to be listed in the US. Many Bitcoin predictions see such a listing as early as this year, although the chances of that are getting slimmer by the day. The SEC has already reviewed and rejected over a dozen requests by money managers to list such an ETF, and there is yet no indication of when, or even if, a Bitcoin ETF will be permitted.

A Bitcoin ETF is on the way, traders need to be ready

A group of Blockchain industry leaders including fund managers, cryptocurrency developers, and hedge fund/private equity investors made a plea to the US Congress for clarity on cryptocurrency regulation. Their stance is that lack of regulation is far more damaging to the US investor than any risks with the technology. The plea resulted in Congress asking the SEC for clarification, and yet still no word.

The biggest hurdle for US regulation of cryptocurrency is a lack of regulated infrastructure; there isn’t any, or not very much, anyway. The good news is that Bakkt may end all that. Bakkt is a joint venture between the ICE (The Intercontinental Exchange) and partners.

“Bakkt is designed to enable consumers and institutions to seamlessly buy, sell, store and spend digital assets. Formed with the purpose of bringing trust, efficiency and commerce to digital assets, Bakkt seeks to develop open technology to connect existing market and merchant infrastructure to the Blockchain.”

The exchange is designed to support the purchase, storage, and trading of digital currencies across ecosystems and includes a digital clearinghouse for trades. The exchange is expected to launch its first products, new BTC/USD futures, in early December 2018 and seen as the stepping stone to a Bitcoin ETF.

The takeaway for traders is this: Bitcoin regulation is holding the market back, and news, for good or bad, is what will drive the cryptocurrency markets over the next twelve months. If the SEC puts the kibosh on BTC and cryptocurrency investing, ETFs, and other retail products, you can rest assured the cryptocurrency market will react negatively. If, on the other hand, a BTC ETF is approved (as expected), you can rest assured Bitcoin prediction and Bitcoin price forecast will turn overwhelmingly bullish.

Bitcoin Prediction, Bitcoin Price Forecast

Description - Bitcoin prices are expected to move higher in 2018 and 2019

My Bitcoin Prediction? It is only a matter of time before the US embraces cryptocurrency regulation and allows a BTC ETF to be listed. If that happens, my Bitcoin price forecast is this: Bitcoin will retest its all-time high near $20,000 and most likely break through to new all-time highs. Bitcoin predictions 2018 are a dime a dozen, everybody has an opinion of when and how high BTC will go. The only thing you need to know is that BTC is going to move higher, if not now, then very, very soon.

📈 Pricewise
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Andrew Strogoff

My HitBTC Review, A Complete Guide To Cryptocurrency Exchange

Trading platform, fees, pros and cons and other trivia coming up
My HitBTC Review, A Complete Guide To Cryptocurrency Exchange

 

Hello dear readers! This is Andrew Strogoff and we are going to talk about HitBTC cryptocurrency exchange in this article. This worldwide trading platform is famous among investors. It was launched in 2013 with more than $6 mln worth of investments.

This project is widely covered by the different media including Cointelegraph, Finance Yahoo, and the others. Developers may benefit from API.

The HitBTC team offers an opportunity to any other project to add its token to the exchange. This procedure is rather easy as you need to provide the exchange with links to the Reddit page and Bitcointalk discussion, add your email address and a brief description of the project.

All those who invite new users may receive their money according to the referral program. There are three languages available.

Before I start my HitBTC review I would like to write some words about the recent scandal. I think some of you have heard about this “war” between McAfee and the exchange. I cannot skip this issue doing my HitBTC review.

McAfee vs. HitBTC

John McAfee, famous antivirus software creator and ICO promoter have recently asked the crypto community to boycott HitBTC. To tell the truth, I can’t understand the reason for the accusation. McAfee says that exchanges have great power nowadays and such trading platforms as HitBTC increased the suffering of millions of people who cannot afford minimum amount.

What is the main issue here? I don’t know as I cannot understand what is the idea of McAfee’s “assault.” I think that this was due to high fees that the exchange retains from its clients. However, McAfee himself avoids making it clear. He also said that he was going to become the exchange’s enemy until its administration solve this “problem” (undescribed, however).

To tell the truth, HitBTC gave a quick response to McAfee’s accusations. They said that they are ready for McAfee’s proposals and they have even presented their rules of fee calculations. McAfee was unsatisfied with the answer and developed his idea telling that HitBTC killed many people and he knows no algorithm of calculations that may compensate them.

However, the only thing that I think is worthy of attention here is that McAfee mentioned that HitBTC pressurized Docademic project, which should be respected according to the famous ICO’s promoter. Well, here I Think is the point we need to pay attention to.

McAfee is famous for protecting different ICOs and advising during token sale procedures. Moreover, he was promoting Docademic in his Twitter channel recently. McAfee is a token holder and some experts think that all this “campaign” was paid by Docademic.

Creating an account with HitBTC

Creating an account with HitBTC

Before you start trading with this exchange, you need to create your account and leave a deposit. This procedure is mandatory for every trading platform. To tell the truth, HitBTC’s sign in procedure is very easy. You need to provide the company with your email address and the password that you create in the moment of registration.

The next step– email confirmation. Once you have provided your data, HitBTC sends a letter to your email that contains a confirmation link. You need to click on it. After that, your account is ready.

However, your account is limited as you cannot work with fiat money there. In order to get access to fiat currencies, you need to verify your account. This procedure includes providing your full name, country of residence, date of birth and ID documents scan copy to the exchange administration.

How to make a deposit with HitBTC and withdraw money

There are different ways to make a deposit here. You can use both cryptocurrencies and fiat money to work with HitBTC. The exchange receives SWIFT transfers, and SEPA as well. Depositing procedure is easy as it has just several steps to do.

As for withdrawal, you can also use both cryptocurrencies and fiat money. There are no difficulties there.

Platform or how to trade on HitBTC

Platform or how to trade on HitBTC

Once you have left a deposit to your trading account, you can start trading. Before I start describing the trading platform, I would like to mention that HitBTC offers many coins and tokens including Bitcoin forks etc.

HitBTC trading platform offers a wide range of tools to their clients. Let me start by mentioning the chart. This one is rather primitive I think. There is no indicator choice (you are offered EMA with different periods only). There are no graphic tools as well.

Below the price chart there are volumes. As you may see, nothing special there. You can also change timeframes and that is all. Nothing more to set up. However, there is one special hint that I would like to mention. If you are a professional trader and need much more tools, you can use additional chart that HitBTC offers to all their clients. To do this, you need to go to the upper side of the platform and click on Trading View link. This will allow you to open this famous platform in a separate window.

Besides the chart, you can look through the order book as well. There you can find all propositions that are available in the real time. As for the instruments, you can use over 500 trading pairs, which are divided into several groups. To make the search easier, you can choose a primary currency tab (BTC, ETH or USDT). You can also set up your favorites by simply clicking the “Favorites” button.

Another interesting tool is the market overview. It allows you to monitor all markets in a single place. You can see market volumes, and prices that are changing in real time. There are also important tabs such as market spread, depth, and activity.

How to buy on HitBTC

There are three types of orders that you can choose according to your needs. Let me introduce them:

  1. Market orders.

  2. Limit orders.

  3. Scaled orders.

Now I’m going to depict every type in details. Market orders are the easiest ones. You place them when you want to buy or sell a cryptocurrency pair at market price, which is defined as the best available market price in the moment of placing an order.

This order has a stop price variety. You can specify stop price, which will be the trigger for the market order. Once the level of the stop price is reached, your order becomes market.

Limit orders are designed to allow traders to enter the market at the price they want to. For example, BTC/USD price is $8,400 and you want to buy Bitcoin for USD, but you think that BTC is going to decline further before the uptrend. You can set up buy limit order at $8,000 for example and if the price reaches this level, you order will be executed.

There are some other sub-limit order types that you can use while trading with HitBTC. Here they are:

  1. Good-Till-Cancelled. This one lasts until the order is completed or canceled.

  2. Day. This type of order expires if not executed within the day. The expiry time is set at 00:00 UTC.

  3. Good-Till-Date/Time. This order expires at the exact date or time specified by the trader.

  4. Fill-Or-Kill. This order must be executed entirely. Otherwise, it is canceled. How does this work? Let’s suppose you want to buy one Bitcoin at a desired price. However, there is no offer to fill this order entirely. If this happens, your order will be canceled.

  5. Immediate-Or-Cancel. This type of order must be executed immediately. Otherwise, it will be canceled.

There is one more feature that I want to share with you and to describe in my HitBTC review. It is called “Scaled Orders.” How to use it and how do traders may benefit from it? Well, those scaled orders allow you to open multiple positions automatically without monitoring the chart.

Why do traders use this feature? Let’s suppose, you want some purchase orders to be opened while the price is declining. When you do it manually, you have to sit in front of your desktop or look through your mobile device constantly in order to succeed. Scaled orders allow you to set and forget.

To open such orders, you need to do the following steps:

  1. Use the amount section to specify the volume you want to buy.

  2. Use the price step feature to specify the distance between orders.

  3. Set price min and price max in order to establish the interval in which your orders will be filled.

  4. You can look through “the Order count” window in order to see the amount of orders to be opened.

There are also some other features. You are able, for example, to select Flat, Up or Down options. They are important as they help to set the conditions of the opening orders.

Trading and withdrawal HitBTC Fees

There are fees for trading that you need to pay when opening trading positions. There are two types of trading commissions on HitBTC. Fees are equal to 0.1 percent and rebates are 0.01 percent. Fees are paid by traders and investors and rebates are given to them by the exchange. The logic here is simple. You pay for emptying the book of order and you are paid for filling it with new orders.

When you open a market order or limit order which has suitable pairs from the book of orders, you are to pay a commission as you are “draining” liquidity from the exchange. Those who open limit orders that are placed to the book of orders are paid rebates as they “push” liquidity to the exchange.

AS for trading volumes, they are rather high. HitBTC is in the top 10 cryptocurrency exchanges and is highly competitive as compared to the other platforms. Those results were achieved due to the big number of currency pairs and several useful features that the platform offers to the clients. Daily trading volumes are $100,000.

HitBTC security and support

Security is one of the most important aspects that every trader and investor pays attention to before depositing money. HitBTC developers offer several solutions to make the service reliable. All users activities are logged and you can see later the IPs to be sure that nobody has got access to your trading account.

The login procedure is also protected as HitBTC offers two-factor authentication by Google. This 2FA method is also used when you conduct transactions and change options. If you were inactive in your account for some time you will have to re-login there.

As for the support service, they are working hard, but there are cases when users have to wait for a long time before getting any answer from managers. Anyway, support service promises their clients that all their issues will be solved sooner or later.

HitBTC pros and cons

The advantages of this cryptocurrency exchange are as follows:

  1. The verification procedure is not required for those who want to work with cryptocurrencies only. This means you don’t need to provide the platform with your personal data if you want to trade coins or tokens. However, for those who aspire to trade fiat money, the verification procedure is necessary.

  2. High trading volumes and liquidity for the most popular cryptocurrency pairs. HitBTC is famous for its great daily trading volumes.

  3. The number of cryptocurrency pairs. The team invites all projects to list their tokens. The procedure is rather simple. However, as far as I know, they delist tokens in a very fast manner and without any explanation to the project teams.

  4. User interface and features. This platform offers many tools for all kind of traders (both beginners and professional market players).

  5. Long term project. HitBTC appeared in 2013 and there was no serious issues or complaints. The team is working in this industry for a long time already. They have all the necessary experience to run on such a platform.

As for the disadvantages, there are few of them:

  1. Lack of European languages. HitBTC offers English and Chinese. No other European languages are presented there.

  2. Low popularity among traders and investors. HitBTC has launched long ago, but the number of traders and investors are lower than it could be as compared to other “older” exchanges.

HitBTC overview

I have almost done with this HitBTC review. As you may see the exchange is rather interesting as there are plenty of coins there and many opportunities for both novice and professional traders.

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Exchanges Guide George Shnurenko

Coinex Guide

🎓 Exchanges Guide
CoinEx has been on the market for less than a year, but it already made some buzz in the cryptocurrency world because of heavy emphasis on Bitcoin Cash from the beginning
Coinex Guide
Contents

What is CoinEx?

Choosing a new cryptocurrency exchange often comes with big advantages in the form of lower fees and numerous altcoins that are not featured on any big and reputable platforms. However, you should be also aware of the risks that are associated with new exchanges, so do not make haste and weight all pros and cons before depositing your money.
CoinEx is a UK-based exchange that appeared in late 2017. It is available all over the world 24/7. While currently being an underdog, this exchange can potentially elbow out some of the biggest sharks in the business because of its innovative features. As of July 2018, it is currently the 25
th biggest exchange on the market (according to coinmarketcap.com) with daily a trading volume that has recently reached $62,5 million. Hopefully, CoinEx will be more successful than its namesake CoinEX.pw which hasn’t recovered after a major hack back in 2014.

Is this a trustworthy platform or just another honeypot like Coinex.pro? CoinEx is inextricably connected to the Chinese mining pool ViaBTC (the 6
th largest mining pool in the world). It was launched by ViaBTC last December following the China’s infamous crypto crackdown that obfuscated the fate of many local exchanges. ViaBTC was forced to adhere to the new law and close its exchange, but in a couple of months, the company made a comeback with CoinEx. In an attempt to circumvent the ban issued by the Chinese government, the new exchange was founded in the UK while being currently based in Hong Kong. There is also Coinex Pallavaram exchange (India) which offers Coinex Forex services.

CoinEx Review

The platform is suitable both for beginners and advanced users, but the fact that you can only trade here without leverage may be disappointing for some active traders who are looking for big gains. Still, while going through this CoinEx review, let’s point out some of its main advantages:

Fast Transactions

Its multi-process matching engine is considered to be one of CoinEx’s major advantages, since it is able to process thousands of transactions in a blink of an eye. Thus, it helps to avoid one of the main issues which is currently associated with Bitcoin (BTC) – long and pricy transactions.

Protection of Funds

CoinEx offers an 100% assurance of each client’s funds. Basically, it means that all the assets can be withdrawn at any time when a user makes such a request while it is impossible to use them somewhere else.

Top-tier Security

CoinEx is able to provide top-notch protection by implementing numerous security protocols (including advanced SSL protocols). The user’s safety is also enhanced by the usage of cold multisig wallets and enabling 2FA. While all exchanges tenaciously make an emphasis on security issues, it is important to remember that hacking attacks are still quite mundane, so extreme safety should be a top priority while choosing an exchange.

 

Trading Opportunities

Despite the absence of leverage trading, CoinEx can still be considered a high-profile trading platform. TradingView powered chars provide traders with in-depth analysis of the current situation on the market.

 

Like the majority of other exchanges, CoinEx only hosts C2C trading while not allowing fiat currencies. What coins does CoinEx support? This exchange features a big number of altcoins like CoinEx Stellar (XLM) while it is particularly remarkable because it is considered to be the first exchange that made Bitcoin Cash (BCH) its bar currency, thus increasing the chances of potential slow flippening. A solid focus on Bitcoin Cash that despite going mainstream still remains in the shadow of its bigger brother helps to single out CoinEx among other new exchanges. Choosing Bitcoin Cash as their base currency allows the company to accelerate the speed of transactions and improve the overall performance.

CoinEx has also issued its own ERC20 token that is simply called CoinEx Token (CET). Users with CET get access to certain limited features along with other exclusive rights like a CoinEx vote. The value of CoinEx cryptocurrency is currency about $0,1.

How to Use CoinEx?

As of now, the CoinEx exchange is available for all traders at coinex.com. Here’s a quick guide on how to use it for absolute beginners:

  1. Obviously, the very first thing that you have to do is to click the ‘Sign Up’ button and fill out the following form.
     

    sign_Up form

     

  2. Now go to the ‘Trade’ section where you can see the list of all available assets in the top-left corner.
     

    the trade section


    Similarly to other exchanges, there is also a candlestick chart in the middle of the page. While there is an English version of the site, there is no available translation for some functioning texts like chart indicators that are not translated, so it might be quite challenging to use them for non-Chinese speakers.
    Below this chart you can place a limit order or a market order with the help of this corresponding form. Pay attention to the fact that there is a 50% discount for those who obtain CoinEx’s native token CET.

  3. If you want to engage in trade-driven mining, simply go to the ‘Mining’ section. Only those users who provide their ID scans are able to do this.
     

    mining

     

CoinEx Fees

As mentioned above, new exchanges try to attract customers by offering them low fees. In fact, CoinEx fees are extremely low. Only takers are charged with 0.1% fee while CoinEx is completely free for makers. However, there are still small withdrawals fees for all the currencies except for Bitcoin Cash (BCH). Go to CoinEx website for additional information.

 

Exchanges Guide
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📈 Pricewise Andrew Strogoff

Bitcoin, Ethereum, Ripple, EOS, NEM Pause, New Gains Likely to Be Achieved After Some Refueling: Price Analysis, July 26

Pricewise
Bitcoin and altcoins corrected on Wednesday, ready for another upside burst
Bitcoin, Ethereum, Ripple, EOS, NEM Pause, New Gains Likely to Be Achieved After Some Refueling: Price Analysis, July 26

Hi there. Andrew Strogoff is with you again and we are going to dive into the crypto analysis right now. As you may see, there was almost nothing interesting on Wednesday as the currency pairs that I review here are in correction. However, this correction is almost done and I believe that we are on the eve of another bullish run in the nearest future.

What is going on in the crypto world? Nothing to change the price significantly, but some events are worth your attention. Google integrates Ethereum into their cloud platform. The community is excited about this news as it gives more perspectives to the Ethereum platform as well.

Another interesting news comes from the US. 2020 US presidential candidate started to accept donations in cryptos meaning Bitcoin and “friends” have wider adoption currently and may have larger support in future especially if Andrew Young becomes US President.

Bitcoin (BTC/USD) refueling stage is almost over, new upside burst is on the way, price analysis, July 26

Bitcoin has lost almost two percent in the past 24 hours. The currency pair is in its correction phase currently but nearly ends. I believe that BTC/USD is going to resume the uptrend in the nearest future.

BTC/USD 4H Chart

Bitcoin has almost reached the resistance area at $8,560 on Wednesday but retreated from there as bulls were unable to run the currency pair higher. Moreover, BTC/USD has started a correction and reached the support area at $8,193. Bears are unable to develop this correction and I think the uptrend is likely to resume on Thursday.

My targets are the same as I think Bitcoin is likely to develop the uptrend targeting the resistance area at $8,824. This is my target for the next couple of days. However, BTC/USD needs to break through the resistance area at $8,560 first.

I think many of you are wondering whether the downtrend is possible? The probability of this scenario is low, I suppose. The uptrend seems to be strong.

Ethereum (ETH/USD) correction stops as bulls are ready for an assault, price analysis, July 26

Ethereum has lost a little in the past 24 hours, but the uptrend is still actual. There was a correction on Wednesday but it almost over and the currency pair is ready to resume the uptrend. Anyway, I believe that bulls are going to double their efforts in the nearest future to break bears resistance.

ETH/USD 4H chart

Ethereum has reached the support area at $473.39 on Wednesday within the correction framework but failed to move lower and I see a good sign here. Bulls have build a wall at this level, which supported the currency pair from further decline.

What my targets are? I think that ETH/USD is going to reach the resistance area at $500.36. The currency pair is able to move even higher, but let’s be realistic. We have to test July’s highs first before the price will be able to go higher.

Ripple (XRP/USD) is ready to resume the uptrend, price analysis, July 26

Ripple corrected on Tuesday and consolidated on Wednesday with almost no gains no losses. I think that the currency pair is ready to resume the uptrend in the nearest future. Bears seem to be unable to change the situation in their favor.

XRP/USD 4H chart

We have reached the support area at $0.4495 again on Tuesday, but bulls counterattacked and gained momentum. XRP price is above this support area currently. My targets are well above at $0.5088. I believe that we are going to have the uptrend resumed in the nearest future.

However, the price has to break through the closest resistance at $0.4744 before reaching my target. Can bears revert the situation? I am far from thinking this. Bulls are strong currently and are able to gain new aims.

EOS (EOS/USD) ends correction, new targets on the way, price analysis, July 26

EOS corrected on Wednesday and almost reached the support area at $8.29. There were almost no gains no losses in the past 24 hours. I think EOS/USD is ready to resume the uptrend in the nearest future and we will see some new big upside movements.

EOS/USD 4H chart

EOS is trading between $8.29 and $9.03 currently but EOS price is likely to resume the uptrend in the coming hours, I believe. My targets are set at $9.56 resistance area but we have to break through the resistance at $9.03 before going higher.

Are bears able to change the situation? I don’t think so. They are weak currently and have no power to push EOS/USD lower.

NEM (XEM/USD) resumes the uptrend as there are almost no obstacles on the way, price analysis, July 26

NEM looks very promising on Thursday. The currency pair had a downside correction on Wednesday and seems to resume the uptrend currently. Bears have almost no chances as they lost control over the market.XEM/USD 4H chart

NEM  has almost reached the resistance area at $0.1883. The uptrend seems to be resumed and my targets are still the same. I believe XEM/USD is likely to reach $0.2082 in the nearest future. There are no candlestick patterns currently, but I see HL which means the currency pair goes upwards.

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