A woman is lucky to be alive after a cop shot and killed a pit bull in the middle of a violent mauling that left her with serious injuries to her leg and neck.
A Massachusetts man was being attacked by two pit bulls when his neighbor grabbed a crossbow and tried to intervene but apparently struck and killed the man instead.
Bitcoin (BTC) has managed to extend its gains into the weekend. As of the time of writing this report, the cryptocurrency is trading at $10,850, having flirted with prices a tad higher than $11,000 on Saturday. Related Reading: According to a growing number of industry analysts, there is growing evidence to back up the idea that Bitcoin is poised to embark on another leg higher, despite the harrowing cries for a return to $6,000 and even lower. Bitcoin Needs $11,000 Bitcoin has been somewhat on a tear as of late. Over the past seven days, the cryptocurrency has gained around 13%. While the exact catalyst is unclear, it seems that this recent recovery was somewhat triggered by recently-published tweets from Donald Trump about the China trade war. In fact, the latest leg higher coincided with the release of one tweet that also sent gold, Japanese Yen, and Swiss Franc higher. analyst Nick Cote, Bitcoin is nearing the point where it may reenter its “bull run” phase. In fact, he writes that should Bitcoin turn the $11,100 to $11,300 region into support, meaning a strong close maybe on the daily and weekly, a move higher would totally make sense. He writes, “[a] weekly engulfing for the bulls has usually had a follow through the following week”. Simple yet god tier analysis: Bull run is back on above the $11.1 – 11.3k level if turned support. Weekly engulfing for the bulls has usually had a follow through the following week. — Nick Cote (@mBTCPizpie) A close above that level would negate the losses sustained last week, meaning that bulls can resume their foray to the upside. Cote isn’t the only one with this analysis. Trader Cantering Clark noted that “a confluence of key factors and […] order flow” are in favor of buyers, and that he doesn’t expect resistance until the $11,200 region. If you were part of the community you know why you should be well into your long by now. A confluence of key factors and both passive and active order flow very much in the favor of the buy side of the market. I am longing any dips currently until 10.1 breaks — Cantering Clark (@CanteringClark) Also, there have been chartists that have pointed out that the current short-term bottoming process looks like an “Adam and Eve” pattern. For those who are unaware, an “Adam and Eve” is a bottoming process that sees two tests of the same level, one sharp drop and one drawn-out decline. Should the pattern play out, Bitcoin may soon rally from these levels to leave the bottoming process in the dust. Per, BTC saw its one-day Moving Average Convergence Divergence (MACD), an indicator that tracks trends, experience a bullish crossover, printing a green candle on the histogram. Related Reading: As McCann points out in the chart above, the last two times that Bitcoin has seen this signal in this cycle was preceding two three-weeks surges to the upside of 52% and 61%. Should history repeat itself, BTC could surge to around $17,000 by the end of August, riding on the back of bullish momentum. The Bear Argument While there are more and more individuals on Twitter starting to flip bullish once again, it isn’t all sunshine and rainbows, so to speak. Related Reading: Analyst has recently mentioned that now isn’t the time to “panic buy”, referencing his belief that Bitcoin should return more sustainable levels around the $6,000 region. He believes that a move lower is more sustainable for Bitcoin, helps the asset maintain its long-term trend lines, reduces volatility, and ensures better price discovery. Now is not the time to panic buy. Until price shows a decisive break from the previous correction, it's best to wait it out. Notice both time-wise and price-wise, this pattern is still within the parameters of the previous~ — dave the wave (@davthewave) Featured Image from Shutterstock The post appeared first on .
The last crypto bull run brought into the lime light and public eye, and took the price of the digital asset skyrocketing to its all-time high price of $20,000. Yet somehow, the has caused the MACD histogram to become extended more so than any time during the previous bear and bull cycle, even during Bitcoin’s much publicized ascent during December 2017 – prior to the hype bubble pop that led to an over 85% correction. Bitcoin MACD Histogram Demonstrates Power of Bulls Following the early April rally that r above resistance at $4,200, the cryptocurrency has once again gone parabolic, and has even – a price level much of the market believed would prove to be seemingly unbreakable resistance. The same price level served as support throughout most of 2018 before Bitcoin fell through it in November to its eventual bear market bottom. Related Reading | But now that most of the crypto market has concluded that the , investors and traders are finally starting to shed their disbelief and thus, bullish momentum has only increased despite the leading cryptocurrency by market cap being well overdue for a pullback or at least health consolidation. The bullish momentum can clearly be seen in charts depicting Bitcoin’s long-term MACD, the Moving Average Convergence Divergence indicator – an important trend change indicator used by crypto analysts to detect shifts in momentum. Histogram [MACD extension above the smoothed out signal line] is currently more extended than anytime in the previous cycle…. — dave the wave (@davthewave) As prominent long-term chartist points out, the MACD histogram has reached a point of being more extended than any other point during the last bear and bull market cycle, including the parabolic run in December 2017, where Bitcoin spiked from $10,000 to $20,000. Consolidation Expected, Or Will The Rally Retrace When Parabola Breaks? The trader concludes that “consolidation is looming” but has been saying that for weeks now, and is close to abandoning his model as incorrect. He further concludes that either his analysis is either incorrect, or that the current parabola will also be broken much like the December 2017 blow-off top. Parabola it is. One way or the other, this will end in tears – on the inevitable coming back down to earth… or the demise of my model. — dave the wave (@davthewave) Parabolic breaks, as Peter Brandt has pointed out and successfully used to base price predictions on, in the asset that saw the parabolic advance. Bitcoin corrected precisely that during the bear market, bringing the price of the cryptocurrency to $3,150. Related Reading | While an 85% correction from here is incredibly unlikely, a short pullback and retest of support turned resistance would bring additional confidence to the crypto market, and reignite the next bull run. Featured image from Shutterstock The post appeared first on .
could be looking to extend its bullish momentum sentiment further, hinted Willy Woo’s indicator. The market analyst shared a chart reflecting upon the asset’s price action’s relationship with its NVT Signal Ratio. In retrospective, stands for Network Value to Transactions Ratio. It defines the 90-Day moving average on daily transactional volume passing through the Bitcoin blockchain against its total market capitalization. First introduced by Willy Woo, a cryptocurrency economy specialist, NVT Ratio gained adoption among the bitcoin analysts for its high relevance in spotting bubbles and buying opportunities. So, when bitcoin moons, it attracts more traders, which leads to the rise in daily transactional volume on the Bitcoin blockchain. That includes both the selling and buying volume. Therefore, the underlying bitcoin market valuation could fluctuate either way despite the rise in daily transactional volume, which accordingly adjusts the NVT Signal Ratio. Here’s the mathematical representation: NVTS = Network Value / 90d MA of Daily Transaction Value. A high NVT Signal Ratio means that than the network is more expansive than the value it transmits – and vice versa. Comparing NVT Signal with Bitcoin Price Willy Woo clarified in one of its earlier articles that if NVT is higher than 150, then it is overbought, and when it is lower than 45, then it oversold. The latest price push prompted the bitcoin’s network value to go higher. And in response, the NVT went above 150 as well. That indicated a market top. Willy Woo and crypto analysts David Puell and Murad Mahmudov found that NVT Signal Ratio, which was rising steadily since December, was near its support trendline break. : NVT Signal with brand new transaction volume data. Tells a much clearer picture of the current state of affairs. Loving it., , and I have more on this later. — David Puell (@kenoshaking) What NewsBTC could gather from this tweet was that the NVT Signal could be in a for a correction in the medium-term. The signal’s historical performance showed that it had three depreciative spikes above 150 between 2013 and 2015, following which it corrected huge. As it recovered, the bitcoin price also established a bull run. The April 2 bitcoin rally was signaling a similar scenario. The NVT Signal was in the final upside wave before it breaks the ascending trendline and falls lower towards 30-40 range. But eventually, an NVT correction could ensure a bull run. Implies a pullback before transaction volume finally spikes, followed by a confirmed bull run. We'll see. — David Puell (@kenoshaking) That does not necessarily mean that NVT was directly proportional to the bitcoin price all the time. In 2018’s crash, the NVT ratio went up against a falling bitcoin rate. It merely indicated that there was more transactional volume passing through the bitcoin’s blockchain than its valuation. “Being in the overbought zone doesn’t tell us exactly when the market is about to pop. However, by adding support trendlines on the signal, we can call the tops quite accurately,” clarified Willy Woo. Following November 2018, the NVT and bitcoin price was mirroring each others’ moves. Criticism There were claims that Willy Woo failed to predict an interim upside scenario for bitcoin and that it was hinting a price crash before the April 2 spike appeared – based on the same metrics discussed above. “I’ve been following your group and I’ve given your ideas weight in my own predictive models,” a Twitterati. “But your short-term and short-medium term ideas seem to have been caught unawares by this recent run to $5000.” The post appeared first on .
Bitcoin, according to one economist, , thanks in part to its speculative nature, near endless potential, and to the built-in difficulty adjustment that throws off supply and demand balance which in turn increases . Due to these factors, the digital asset often experiences massive volatility, with 50% or higher price changes within one month being somewhat the norm for the first ever cryptocurrency. However, has been stuck in a tight trading range, which according to historical data, is on track to break records for the least volatile month on record. Bitcoin Trades Between a 7.8% Range In March 2019, Monthly Candle Close Important There is much debate between crypto bears and bulls alike, on if the . After falling from its all-time high of $20,000, Bitcoin ping-ponged between lowering overhead resistance, and seemingly unbreakable support at roughly $6,000. On November 2018, all that changed, and Bitcoin had a violent fall to the current trading range it is now in. Since then, the king of cryptocurrencies has experienced a period of stability that is uncommon for the emerging asset class. Related Reading | During the month of March, BTC has traded within a narrow trading range of just 7.8%. The drop from over $6,000 to the low of $3,150 represents nearly a 50% drop for comparison sake. While most other assets would be seen as highly profitable with a 7.8 percent change in just one month, the stability is rare for Bitcoin. Pay attention to all your favorite shit coins.. Also pay attention to .. The Q1, Monthly, Weekly and Daily close all land on the same day (1st April). Where they close mattes. — Trader Troy (@Daemon_Crypto) The 7.8% trading range, according to , could soon break the record for the tightest trading range in the history of Bitcoin, if March’s monthly candle closes within the current 7.8% range. All eyes will be watching the candle close, and traders are expecting fireworks. Low Volatility Leads to Bull Runs, According to Prominent Crypto Analyst Murad Mahmodov, a prominent crypto analyst, told MarketWatch that volatility is a neutral sign, and “low-volatility periods in BTC have always preceded prolonged bull runs, especially after capitulation moments of high momentum as seen in November and December.” Related Reading | The last period of extended low volatility was during the 2014-2015 bear market, when BTC crashed from over $1,000 down to $200. The drop percentage-wise is very similar to the following the break of its parabolic advance in 2017. Bottom Q2 2019No Bull Run till Q2 2020 — Murad Mahmudov (@MustStopMurad) Stability is necessary for Bitcoin to ever become the global currency many position it as, and the suggests that as Bitcoin’s price rises towards its ultimate destination, stability should become commonplace and volatility should disappear from the asset. Featured image from Shutterstock The post appeared first on .
Red Bull boss Christian Horner has poured cold water on the prospect of challenging Mercedes and Ferrari early in the Formula One season despite a "positive" start with new engine partner Honda.
To call the current bear market a simple “correction” is quite a bold statement and one that would be met with counterpoints from numerous scorn crypto investors who bought in at the top of the recent Bitcoin (BTC) bubble. However, according to one crypto analyst, is still in a “ongoing bull market” and that the leading crypto by market cap is in nothing more than a correction, and that investors should accumulate at current prices. The analyst also supplies his rationale behind the hypothesis, which is based heavily on the monthly Moving Average Convergence Divergence oscillator (MACD) – a trend-following momentum indicator that’s used by traders to signal important trend changes. Crypto Analyst: What Bear Market? Bitcoin’s in a “Secular Bull” Market Popular cryptocurrency analyst Dave the Wave has been heavily focusing his analysis on the Monthly MACD. His previous analysis suggested that the monthly MACD was signaling the bottom of the current bear market, and even – yet another indicator traders use to predict price fluctuations in various assets. Related Reading | In his most recent charts, the analyst again is looking to the monthly MACD to gain invaluable insight into where we are in the current bear market, to determine when a bottom is in, and when Bitcoin price may rally to new highs once again. Just to put this 'bear market' in perspective – the MACD on the monthly chart may not even go into bear territory on this correction. — dave the wave (@davthewave) The analyst’s take on the monthly is that is has never even reached “bear territory,” by falling below the center line of the chart. During the 2014 to 2015 BTC bear market, the monthly MACD only briefly dipped below the center line and immediately bounced upward, forming a V-shaped bottom on the chart. To clarify – technically something is bullish when the MACD is above the center line, and bearish when below the center line. — dave the wave (@davthewave) While this could also signal that the current downtrend still has , Dave the Wave believes that while the momentum itself is “bearish on the monthly,” the MACD “is still in bull territory” and that BTC is simply in a “correction.” Crypto Analyst: Bitcoin’s Bearish Correction Could Be “Turning” Back to Bull He further suggests that the monthly MACD’s histogram could possibly “turn around” and if it does, it “that could very well signify the end of the correction” Bitcoin is currently experiencing. further explains that the lagging indicator is like a “massive supertanker” and once the momentum turns, there’s “no stopping it,” it’s all “one way.” Related Reading | When pressed by his followers on what his interpretation of the analysis means, he discouraged shorting this “correction,” and says that investors “want to be accumulating” for when the correction ends and the bullish trend we’re currently in resumes. That BTC is in a secular bull, that this is just a correction, that you do not want to be shorting it, and that you want to be accumulating. — dave the wave (@davthewave) Of course, he could be wrong about the monthly MACD, and the . Either way, the monthly MACD should be a valuable tool for any traders hoping to profit off of the trend. The post appeared first on .
After largely trading sideways (discounting a break to the downside on January 10) for all of 2019, the total market capitalisation for the entire market has shot up abruptly. Of the top 100 coins, only two are not in the green for the last 24-hours of trading. The biggest winners of the day include . The project that is due to undergo a this year has posted 30 percent gains since this time yesterday. Crypto Markets Post Rare Green Day The crypto markets are once again on the move. Unlike many previous shifts over the 13 months of , prices are actually rising. Excluding two coins, the entire top 100 digital currencies by market capitalisation gains for the previous 24-hour period. The market capitalisation of all cryptocurrencies combined shot up by more than 9.15% since the clock passed midnight today. This represents more than 10 billion being added to the market in just over 20 hours. The only two digital currencies not showing green figures today were DAI and USD Coin. Since these two coins have been designed for prices to remain stable, their negligible losses of 1.41 percent and 0.3 percent respectively have not shifted either too far from their target price of US$1. All other tokens have posted green figures for the day. The gains ranged from less than one percent to over an impressive 32 percent. The top performer of the day was the native digital currency of the ARK network – a project attempting to link different blockchains together. What’s Going on With Litecoin? The most notable coin posting massive gains over the last 24-hours was Litecoin (LTC). The well-established digital asset surged just shy of 30 percent. This standout performance from the top 10 coins is believed to be associated with the block reward halving event taking place this August. As has been observed in Bitcoin previously, the restriction of supply hitting markets exacerbates whatever buying pressure there is. This causes prices to increase faster since there are fewer coins for speculators to buy. Popular Twitter analyst Moon Overlord drew attention to Litecoin’s gains, highlighting a surge in trading volume too: Liftoff for , that volume though… — Moon Overlord (@MoonOverlord) Moon Overlord has Tweeted a lot about the August halving of Litecoin and that of Bitcoin (due in 2020). The analyst believes that we are indeed seeing the start of extra buying pressure from those hoping to take advantage of the shifting market fundamentals: The halving is quickly approaching LTC bottomed approximately 200 days before it's halving in 2015 We are almost exactly 200 days away from the next halving LTC peaked 2+ years after it's halving, If it follows a similar path this time the peak will be in 2021 — Moon Overlord (@MoonOverlord) This might well account for the gains experienced over the last 24-hours by Litecoin. However, it does little to justify the increased optimism across the markets of every top 100 cryptocurrency. Could et al. have bottomed out after the colossal losses experienced since the highs over a year ago? Could the long-awaited finally bull market be here? It is, of course, much too early to draw such conclusions. However, it’s certainly nice to see green figures across the board for a change. Related Reading: Featured Image from Shutterstock. The post appeared first on .
Crypto land is cooking this morning; top altcoins are Stellar, Cardano, EOS, Zcash, 0x, Icon and Ardor. Finally it is party time in crypto land, a big bull run has starting and markets are awash with green this morning. Over $20 billion has entered the markets in the past 24 hours pushing total capitalization over $290 billion for the first time in a month. Bitcoin led the charge with an epic pump of $600 in less than an hour yesterday. That huge green candle combined with a surge in volume by $2 billion has kept BTC above $7,000. It is currently trading at $7,380, up 9.5% on the day and its highest level since June 10. Ethereum also benefited from the rally climbing 5% on the day to $500, its highest level for almost a month. The altcoins are also racing, many posting double figure gains today. In the top ten Stellar Lumens is surging ahead with a 22.4% climb on the day to $0.285. Over the week XLM has made an impressive 50% from $0.188 this time last Wednesday. Cardano is the second biggest gainer in the top ten with 15.3% on the day to trade at $0.175. The weekly picture sees gains of 35% for ADA from $0.129 this time last week. EOS rounds out the top ten’s double digit altcoins with 11% to $8.82. Further down the list is Nem with an 11% rise to $0.193 and Zcash charging 14% to $212. 0x has made 12% to trade at $1.25 and Icon is also steaming ahead with a 12.8% jump to $1.66. Four of these top performers in the top twenty coins are those that Coinbase hinted at listing in the future. Other altcoins with double digit gains at the time of writing include Zilliqa up 11.6%, Bitshares climbing 12.5%, and Steem and Dogecoin jumping 15%. The top performing altcoin of the moment is Ardor which has rocketed 60% to $0.261 on the back of a Binance listing. Lists ( ) — Binance (@binance) Over the past 24 hours total market capitalization has jumped just over 8%. This equates to an increase of around $23 billion on the figure which currently stands at just under $294 billion. Trade volume for all cryptos has increased 33% from $15 to $20 billion per day. This is the highest volume seen for almost six weeks has markets climb back to June 10 levels. A break over $300 billion could continue to the next previous plateau at $340 billion and a Bitcoin price of around $8,000. FOMO Moments is a section that takes a daily look at the top 25 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals. The post appeared first on .