Tech Tic Technologies

Binance Coin struggled this week after dropping by 8.51% to around $26.31. The cryptocurrency’s price fell beneath the 100-day EMA and a long-term rising support trend line. BNB has dropped by a whopping 21% over the past 3 months. BNB remains the sixth largest cryptocurrency by market value with a market cap of $4.09 billion. Looking at the BNB/USD 1-day chart: ·        Since our previous BNB analysis, the BNB price fell beneath the 100-day EMA and the rising support line. It subsequently dropped beneath the .618 Fib retracement at $26.44 but managed to find support at $25.51 (the downside 1.272 Fib extension). ·        From above: The nearest level of resistance is $27. Higher resistance is located at the 100-day EMA at around $28. Above this, resistance is located at $29.22, $30, $31.49, and $32.45. ·        From below: The nearest level of support is $25.54. This is follo...

Wanchain’s (WAN) price increased by over 50% over the past two days, after a major announcement from the team behind the project. The company announced that they will begin earning rewards for securing the network when the Proof-of-Stake consensus algorithm replaces the previous Permissioned Proof-of-Work (PPoW) algorithm on September 3. Following last month’s partnership with the Malaysian digital giant PUC Berhard, Wanchain’s token received a boost. “POS can get a lot of involvement from the community. Once they get used to the POS, some people will be more encouraged to use their token power to participate in all the on-chain governance and events,” Wanchain’s CEO Jack Lu, said to Tech Tic Technologies in an exclusive interview upon WAN’s beta launch. A day before the launch of Wanchain’s Validator nodes on the Mainnet, the company announced the release of several new products. Prior to the mainnet’s official launch, an Android mobile wallet, desktop light wallet, and new...

Traders with a limited amount of crypto resources, i.e., Bitcoin and Altcoins have the option of margin trading   to add leverage to the investment or position. In face, this increases the amount invested without having to actually hold the assets. It is important to note that margin trading is not recommended for everyone and that it has a very high risk. Let’s start: What is Margin Trading? Margin trading allows a trader to open a position with leverage. For example, if we opened a margin position with 2X leverage and our base assets had increased by 10%. Our position would have yielded 20% because of the 2X leverage. Standard trades are traded with a leverage of 1:1. In most exchanges, margin trading is possible due to the existence of the lending market. Lenders provide loans to traders so they can invest in larger amounts of coins, and lenders benefit from the interest on the loans. In some exchanges, like Poloniex, users provide the loans for the margin m...

The short-term action continues going back and forth inside the horizontal triangle marked below on the 4-hour chart. After two days of consolidation below the triangle’s descending trend line with zero success breaking through, Bitcoin plunged $800 to $10,082. As mentioned in our previous analysis, the $10,800 area provided tough resistance, containing the 50-day moving average line (marked in purple) and the 4-hour descending trend line (marked in yellow). Looking at the daily chart, Bitcoin has yet to produce a higher low and has been moving in a lower-high formation, which is bearish. The question is, can Bitcoin maintain the lower boundary of the triangle, which is roughly around $9,950-$10,000? That support has held for over a month now. Total Market Cap: $264 billion Bitcoin Market Cap: $182 billion BTC Dominance Index: 68.9% Key Levels to Watch Support/Resistance: Following the recent plunge, Bitcoin is now near the aforementioned strong suppor...

In our last Bitcoin price analysis, we mentioned the ‘last hope’ for Bitcoin. Good news for the bulls: the Doji candle on the 4-hour chart maintained the price above the significant 4-hour ascending trend-line (marked in bold yellow). In the following day, we saw Bitcoin retesting the line, again getting supported upon the significant news coming upon Bakkt launch date. The news could be a game-changer for Bitcoin, in its way for long-term mass adoption. Bitcoin had recovered nicely from the immediate risk; however, until producing a higher-high on the daily chart, which Bitcoin failed to do at its last attempt around $12,000, the situation is still neutral and fragile in the short-term. Another thing to note is the range Bitcoin is trading at: from above – the MA-200 (marked by light green on the 4-hour chart), while from below is the 100-days moving average line (marked white on the daily chart) along with the above mentioned ascending trend-line. Total Market Ca...

ICE’s Bakkt aims to make Bitcoin mainstream by allowing its futures to be traded on Wall Street under the oversight of the U.S. government. After numerous delays and setbacks in the past year, today Bakkt’s CEO announced that it will officially launch its product on September 23. Following several days of price declines, Bitcoin’s price is experiencing a sharp spike after the long-awaited announcement from Bakkt Futures. Bakkt’s Long-Anticipated Launch ICE (Intercontinental Exchange) initiated Bakkt Futures to allow traditional investors wishing to hedge with cryptocurrencies like Bitcoin to do so in a regulated manner. Bitcoin’s main areas of criticism over the years have been the lack of regulation and possible manipulated market activity. Bitcoin futures will be “exchange-traded on ICE Futures U.S. and cleared on ICE Clear US, which are federally regulated by the CFTC.” They will also be backed by the existing guarantee fund of ICE Clear US and $125,000,000 in ins...

Bitcoin’s future is perhaps one of the most widely discussed topics in the crypto community. It has been pronounced “dead” exactly 371 times according to popular resource Bitcoin Obituaries. However, the world’s largest cryptocurrency by market cap has survived every attempt to be dethroned and continues to grow after each down cycle. Leaving behind technical aspects, here are 6 possible reasons why the future of Bitcoin is bright and why 2020 might turn out to be a very good year. Bitcoin Halving One of the most anticipated events will take place on May 17, 2020 – its halving. Following this event, the rewards that miners get for adding blocks to the network will be slashed in half, hence affecting the overall supply of bitcoins. This will be the third halving event in Bitcoin’s relatively brief history. The first one cut the reward for a solved block from 50 BTC to 25 BTC back in 2012. The second one took place in June 2016 and cut the reward to 12.5 BTC. Naturally, th...