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#USA Help us find the best startup lawyers

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We’re looking for the best lawyers who are working with startups today, and we’d like your recommendations.

Right now, it’s hard to find the sort of attorney who can help you see around corners as a young company, negotiate tricky situations and connect you to other legal experts when you need to go deep on a topic.

Help us by filling out this two-minute survey.

If you’re like me, you’ve spent hours researching online, working your network for word-of-mouth recommendations and going through a trial-and-error process. TechCrunch is trying to save you time and money here by publishing a list of lawyers with whom other founders have had great experiences.

Since we began the project last month, we’ve already heard from nearly 600 founders and early startup leaders about lawyers they recommend, across booming local startup scenes and top Silicon Valley companies. We’ve also gotten great feedback about lawyers who people work with through the new generation of online legal services, like Atrium and UpCounsel, so please tell us about your experiences if you’ve gone that route.

So far, it feels like we’re solving a real problem. But we know there are many more stories to hear — and lawyers who should be on the list — so we want your recommendations, too.

If you’re a lawyer reading this, please note that we strongly encourage you to share this survey with your clients. We’ve found that when they’ve had good experiences, they are more than happy to give you a strong recommendation.

Any questions? Email me at eldon@techcrunch.com. This project is part of a new thing TechCrunch is working on, which we’ll have more to share about soon.

from Startups – TechCrunch https://tcrn.ch/2H9FlZ8

#Blockchain Venezuela Files Complaint With WTO Regarding US Sanctions Targeting Petro

On Jan. 8, the World Trade Organization (WTO) published a dispute settlement request that was filed by the Bolivarian Republic of Venezuela with regards to executive orders and sanctions maintained by the United States that target Venezuela and the nation’s cryptocurrency, the petro. The document was filed with the WTO on Dec. 28.

Also Read: Malaysia Starts Regulating Cryptocurrencies Today 

Venezuela Files WTO Request for Consultation With the United States Regarding Sanctions

Venezuela Files Complaint With WTO Regarding US Sanctions Targeting PetroThe document, titled “United States — Measures relating to trade in goods and services,” has revealed that the Bolivarian Republic of Venezuela seeks consultation with the United States regarding “certain measures imposed by the United States in relation to trade in goods and services,” including sanctions that target Venezuela’s oil-backed cryptocurrency, the petro.

The measures in question include an executive order from 2015 that blocked property and suspend the entry of “certain persons contributing to the situation in Venezuela,” and subsequent executive orders issued in 2017 and 2018 that further target the Venezuelan economy. Venezuela asserts that the U.S. sanctions breach the General Agreement on Tariffs and Trade (GATT) 1994 and the General Agreement on Trade in Services (GATS).

United States Accused of Imposing Discriminatory Trade Measures on ‘Venezuelan Digital Economy’

The request asserts that the U.S. has unilaterally imposed “coercive trade-restrictive measures … on the Bolivarian Republic of Venezuela,” including “Discriminatory coercive trade-restrictive measures with respect to transactions in Venezuelan digital currency.”

Venezuela Files Complaint With WTO Regarding US Sanctions Targeting PetroVenezuela claims that the US sanctions subject Venezuelan financial service supplies to treatment that is “less favorable than that accorded to like services and service suppliers of WTO Member States not subject to the measures.”

The document states that “inasmuch as digital currencies originating in the United States are not subject to the same prohibitions as Venezuelan digital currencies, the United States is according less favorable treatment to Venezuelan financial services and service suppliers than to like domestic financial services and service suppliers, in violation of Article XVII:1 of the GATS.”

The request seeks the “modification, replacement or amendment” of the aforementioned U.S. sanctions targeting Venezuela.

What is your reaction to Venezuela filing a consultation request with the World Trade Organization regarding U.S. sanctions targeting the Venezuelan digital economy? Share your thoughts in the comments section below!


Images courtesy of Shutterstock


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Venezuela Files Complaint With WTO Regarding US Sanctions Targeting Petro appeared first on Bitcoin News.

from Bitcoin News http://bit.ly/2VVbCXj Venezuela Files Complaint With WTO Regarding US Sanctions Targeting Petro

#USA GBatteries let you charge your car as quickly as visiting the pump

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A YC startup called GBatteries has come out of stealth with a bold claim: they can recharge an electric car as quickly as it takes to full up a tank of gas.

Created by aerospace engineer Kostya Khomutov, electrical engineers Alex Tkachenko and Nick Sherstyuk, and CCO Tim Sherstyuk, the company is funded by the likes of Airbus Ventures, Initialized Capital, Plug and Play, and SV Angel.

The system uses AI to optimize the charging systems in electric cars.

“Most companies are focused on developing new chemistries or materials (ex. Enevate, Storedot) to improve charging speed of batteries. Developing new materials is difficult, and scaling up production to the needs of automotive companies requires billions of $,” said Khomutov. “Our technology is a combination of software algorithms (AI) and electronics, that works with off-the-shelf Li-ion batteries that have already been validated, tested, and produced by battery manufacturers. Nothing else needs to change.”

The team makes some bold claims. The product allows users to charge a 60kWh EV battery pack with 119 miles of range in 15 minutes as compared to 15 miles in 15 minutes today. “The technology works with off-the-shelf lithium ion batteries and existing fast charge infrastructure by integrating via a patented self-contained adapter on a car charge port,” writes the team. They demonstrated their product at CES this year.

Most charging systems depend on fairly primitive systems for topping up batteries. Various factors – including temperature – can slow down or stop a charge. GBatteries manages this by setting a very specific charging model that “slows down” and “speeds up” the charge as necessary. This allows the charge to go much faster under the right conditions.

The company bloomed out of frustration.

“We’ve always tinkered with stuff together since before I was even a teenager, and over time had created a burgeoning hardware lab in our basement,” said Sherstyuk. “While I was studying Chemistry at Carleton University in Ottawa, we’d often debate and discuss why batteries in our phones got so bad so rapidly – you’d buy a phone, and a year later it would almost be unusable because the battery degraded so badly.”

“This sparked us to see if we can solve the problem by somehow extending the cycle life of batteries and achieve better performance, so that we’d have something that lasts. We spent a few weeks in our basement lab wiring together a simple control system along with an algorithm to charge a few battery cells, and after 6 months of testing and iterations we started seeing a noticeable difference between batteries charged conventionally, and ones using our algorithm. A year and a half later of constant iterations and development, we applied and were accepted in 2014 into YC.”

While it’s not clear when this technology will hit commercial vehicles, it could be the breakthrough we all need to start replacing our gas cars with something a little more environmentally-friendly.

from Startups – TechCrunch https://tcrn.ch/2ssKBgg

#USA Opendoor competitor Knock raises $400M

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Home trade-in platform Knock has brought in a $400 million investment to accelerate a national expansion and double its 100-person headcount.

Foundry Group has led the Series B funding round in New York-based Knock, with participation from Company Ventures and existing investors RRE Ventures, Corazon Capital, WTI and FJ Labs . Knock co-founder and chief executive officer Sean Black declined to disclose the startup’s valuation.

Founded in 2015, Knock helps its customers find a new home, then buys it for them outright in cash. That way home-buyers — who are often in the process of selling an old home and purchasing a new home at the same time — are able to move into their new home before listing their old one. Knock doesn’t purchase your old home but it does help with repairs in hopes of getting its customers the most value out of the sale. Ultimately, Knock receives a 3 percent commission from both the buyer and the seller of the original home.

“We are trying to make it as easy to trade in your house as it is to trade in your car,” Black told TechCrunch.

Knock is led by founding team members of Trulia, a platform for real estate listings, including Black and co-founder and chief operating officer Jamie Glenn. The pair wanted to build an end-to-end market place where people could trade in their homes at a reduced cost, with less stress and uncertainty.

“Good luck finding anyone who’s bought or sold a home and said they had a great experience doing it,” Black said. “It’s something people just hate and dread. We can make it better and faster and transparent and stress-free.”

The investment in Knock comes amid consistent year-over-year growth in venture capital deals for real estate technology companies. According to PitchBook, deal count in the sector has been increasing since 2010, with 351 deals closing in 2018 — a record for the space. Capital invested looks to be leveling out, with $5 billion funneled into global real estate tech startups in 2017 and $4.65 billion invested last year.

“We are at that part of the evolution cycle of the internet; the low-hanging fruit has been taken,” Black explained. “[Real estate] is so inefficient. Mostly consumers have no idea what is going on. They have no sense of control or empowerment. I just think it’s ripe for disruption.”

SoftBank is responsible for the largest deals in the space as an investor in Knock’s biggest competitors. The Vision Fund has deployed capital to both Compass and Opendoor in rounds that valued the companies at $4.4 billion and north of $2 billion, respectively. Katerra, a construction tech startup also backed by the Vision Fund, is said to be raising an additional $700 million from the prolific Japanese investor at a more than $4 billion valuation, per a recent report from The Information.

Knock previously raised a $32 million Series A in January 2017 in a round led by RRE Ventures, and is currently active in Atlanta, Charlotte, Raleigh-Durham, Dallas and Fort Worth.

from Startups – TechCrunch https://tcrn.ch/2QNCTad

#Blockchain Crypto Luminary Impersonation Scammers on Social Media Raked in Millions in 2018

Crypto Luminary Impersonation Scammers on Social Media Raked in Millions in 2018

Over the last two years, as cryptocurrencies gained mainstream attention, scammers have become far more prevalent. One particular social media scam that can be found on prominent websites like Twitter, Facebook and Instagram is the impersonation of well-known crypto industry executives and blockchain luminaries. Unfortunately even a verified account means nothing these days and these giant corporations have allowed fraudulent acts to flourish giving criminals the opportunity to rake in millions.

Also read: Analysis: Using Technical Indicators to Trade Crypto in 2019

Rampant Crypto Impersonation Continues to Plague Social Media Channels

We’ve heard all about the milestones in 2018 and all the crazy cryptocurrency market action but one thing that happened and pulled in record revenues last year was social media impersonation. Miscreants were allowed to flourish in great number, creating phony Twitter, Instagram, and Facebook profiles. They have copied profiles such as Vitalik Buterin, John McAfee, Elon Musk, Barry Silbert, Erik Voorhees, and many more. They have even cloned businesses such as the Binance Exchange, and other major cryptocurrency infrastructure providers.

Crypto Luminary Impersonation Scammers on Social Media Raked in Millions in 2018
A fake Elon Musk account scamming Twitter users for ETH on a Donald Trump tweet. Notice that another phony Elon account had liked the tweet and a fake Vitalik profile as well.

The swindlers usually present a “giveaway promotion” asking a user to send 1 ETH in return for 10 ETH but these addresses never see any outgoing transmissions. Other copycat chisellers actually pretend they are well-known individuals and message people directly asking for money in exchange for phony services. All of the major social media platforms have been riddled with impersonation scammers and even when provided with evidence of wrongdoing and proof of a verified account these corporations have yet to produce results.

Crypto Luminary Impersonation Scammers on Social Media Raked in Millions in 2018
A phony John McAfee profile scamming for ETH on Twitter.

Last February, social media cryptocurrency community member impersonators were making $5,000 a night in ethereum on Twitter. By the summer of 2018, it was recorded that millions of dollars worth of digital assets were taken from impersonation scams. On June 9 John Backus reported that 468 known scammer addresses collected 8,148 ETH which was worth $4.9 million at the time.

Crypto Luminary Impersonation Scammers on Social Media Raked in Millions in 2018
Vitalik Buterin begs the cryptocurrency community not to trust impersonators.

One particular person sent $18,000 to a fake Erik Voorhees account. Even the Maltese Prime Minister was impersonated by scam peddlers last August. Lots of Good Samaritan crypto users have flagged some of the known addresses with a message that says “Fake Phishing.” The CEO of Bitcoin.com and other members of the company (including the author of this post) have been impersonated by scammers on social media platforms like Instagram, Twitter, and Facebook.

Crypto Luminary Impersonation Scammers on Social Media Raked in Millions in 2018
Bitcoin.com’s CEO Roger Ver shares a list of copy cat impersonators who fraudulently use his name and profile pictures still to this day.

Verified Accounts and Evidence Does Nothing As Fraudulent Twitter, Facebook and Instagram Profiles Continue to Scam for Millions

After submitting screenshots of these malicious scoundrels in action and even sending in identification, these companies still do not delete these accounts. Last summer I had submitted daily complaints to Twitter concerning impersonators and evidence of the wrongdoing and all the platform did was send an auto-response.

Crypto Luminary Impersonation Scammers on Social Media Raked in Millions in 2018
Even though Twitter CEO Jack Dorsey (a Bitcoin supporter and Lightning Network investor) promised to get rid of these scams they haven’t stopped and impersonation is still rampant on the social media platform.

In fact, it takes weeks and help from multiple friends reporting these impersonators or otherwise, the social media giants will do nothing. Even at the end of 2018, after Twitter CEO promised users the platform would crack down on these accounts, they continued to be prevalent. Wired columnist Nicole Kobie explained the situation in great detail on Nov. 17 stating:   

Verified Twitter accounts – including Google’s G-Suite and Matalan – are getting hacked and pretending to be Elon Musk. The bitcoin scams are making thousands but why can’t Twitter do anything about them?

Instead of dealing with obvious fraudulent activities, even when users verify their accounts, the social media giants have spent millions on annoying cosmetic updates, censoring and deplatforming right-wing pundits, and sold people’s profile data to firms like Cambridge Analytics. A portion of crypto investors lost significant sums of money after last year’s digital asset market volatility, and alternatively, copycat social media profiles did extremely well scamming people.

What do you think about the fraudulent impersonation scams on social media platforms? Let us know what you think about this subject in the comments section below. 


Images via Shutterstock, Twitter, and Bitcoin.com’s CEO Roger Ver. 


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from Bitcoin News http://bit.ly/2ANSgKO Crypto Luminary Impersonation Scammers on Social Media Raked in Millions in 2018

#USA Campaign Monitor acquires email enterprise services Sailthru and Liveclicker

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CM Group, the organization behind email-centric services like Campaign Monitor and Emma, today announced that it has acquired marketing automation firm Sailthru and the email personalization service Liveclicker. The group did not disclose the acquisition price but noted that the acquisition would bring in about $60 million in additional revenue and 540 new customers, including Bloomberg and Samsung. Both of these acquisitions quietly closed in 2018.

Compared to Sailthru, which had raised a total of about $250 million in venture funding before the acquisition, Liveclicker is a relatively small company that was bootstrapped and never raised any outside funding. Still, Liveclicker managed to attract customers like AT&T, Quicken Loans and TJX Companies by offering them the ability to personalize their email messages and tailor them to their customers.

Sailthru’s product portfolio is also quite a bit broader and includes similar email marketing tools, but also services to personalize mobile and web experiences, as well as tools to predict churn and make other retail-focused predictions.

“Sailthru and Liveclicker are extraordinary technologies capable of solving important marketing problems, and we will be making additional investments in the businesses to further accelerate their growth,” writes Wellford Dillard, CEO of CM Group. “Bringing these brands together makes it possible for us to provide marketers with the ideal solution for their needs as they navigate the complex and rapidly changing environments in which they operate.”

With this acquisition, the CM Group now has 500 employees and 300,000 customers.

from Startups – TechCrunch https://tcrn.ch/2VVhbFh

#USA Ahead of IPO, Airbnb achieves profitability for second year in a row

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Airbnb, which is expected to go public this year, announced today a number of milestones. For starters, Airbnb says it was profitable on an EBITDA (earnings before interest, taxes, depreciation and amortization) basis for the second year in a row in 2018.

In Q3 2018, Airbnb said it had its strongest quarter ever, where it saw “substantially more” than $1 billion in revenue. The following quarter, Airbnb found a replacement for former CFO Laurence Tosi, who left amid tension between him and Airbnb CEO Brian Chesky. To lead the home-sharing giant into its next phase, Airbnb brought on Dave Stephenson, a long-time Amazon executive.

“He will use his experience in growing large businesses quickly at scale to ensure we are investing for both growth and long-term profitability,” Airbnb wrote in a press memo today.

Airbnb also announced it expects to hit 500 million arrivals by the end of Q1 2019.

from Startups – TechCrunch https://tcrn.ch/2Hgcna0

#USA Contabilizei raises $20 million to ease Brazilians’ tax pain

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Online tax filing and accounting service Contabilizei has raised $20 million in a new round of financing led by Point72 Ventures, the early-stage investment arm associated with hedge fund guru Steven Cohen’s Point72 Asset Management.

Smart money in both the venture and private equity space has been increasing in Brazil for a bit, and the new investment provides even more firepower to the thesis that Brazil’s startup ecosystem is on the move.

“For the Brazilian ecosystem, the investment represents the trust and the opportunity that we have here in the Brazilian market. For quite some time it was difficult to attract this kind of investment from abroad,” says Contabilizei chief executive Vitor Torres. Even though we had a recession there are technology companies that are growing,” Torres says, noting that the company has already staved off acquisition offers and will eventually eye a potential public offering in U.S. or domestic markets.

Though it was only founded five years ago, the company already has 200 employees and more than 10,000 customers throughout Brazil.

Contabilizei has already audited more than 2 billion reals in customer revenue and saved its users over 500 million reals in taxes. For new companies, Contabilizei will also offer free business registration and formation filings. So far, the company has helped 5,000 new businesses get their paperwork done around the country.

“In Brazil, one of the greatest frictions for a small company is meeting its tax reporting requirements,” said Pete Casella, head of Fintech & Financial Services Investments at Point72 Ventures. “By building an automated tax accounting service that can deliver services at a fraction of the cost of a traditional accountant, we believe that Contabilizei has established the high trust relationships that will enable it to serve customers in many new ways over the coming years.”

New investors also contributed to the round, including the International Financial Corp., an investment arm of the The World Bank, and Quona Capital, Quadrant and the Fintech Collective. They joined existing company backers Kaszek Ventures, e.Bricks, Endeavor Catalyst and Curitiba Angels.

“Our goal is to simplify the entrepreneur’s routine so they can focus on their own business and not on bureaucracy. We are only at the beginning, and in three years we want to grow 15 times more,” said Vitor Torres, chief executive and founder of Contabilizei, in a statement. “We were pioneers in the debureaucratization of accounting in the country and we managed to do it with a quality that surpasses 98 percent of our customers’ satisfaction.”

from Startups – TechCrunch https://tcrn.ch/2CqJMJl

#Blockchain St. Louis Federal Reserve Predicts ‘Flood’ of Altcoins Will Drive Down BTC Prices

The St. Louis branch of the Federal Reserve bank has published a report seeking to examine the long-term prospects of BTC as an investment. The paper is highly critical of bullish outlooks for bitcoin, asserting that a “flood” of altcoins will deflate the price of all cryptocurrencies relative to fiat currencies over time.

Also Read: Marshall Islands Updates 2019 Roadmap for Sovereign Cryptocurrency

Economic Research Arm of St. Louis Federal Reserve Assesses Bitcoin’s Prospects

St. Louis Federal Reserve Predicts 'Flood' of Altcoins Will Drive Down BTC PricesThe St. Louis Federal Reserve has published a paper that seeks to assess the prospects of bitcoin as a long-term investment.

According to the paper, the bullish argument for bitcoin core is that it will appreciate “indefinitely” due to its “capped supply and an ever-growing demand.” The bearish case for bitcoin, the St. Louis fed asserts, is that “Bitcoin’s price will fall to zero, as it’s an intrinsically worthless asset.”

Ultimately, the paper predicts that the future price action for bitcoin is likely to remain bounded between the aforementioned “extremes.”

St. Louis Fed Argues ‘Ever-Expanding’ Altcoin Supply Will Diminish Bitcoin Prices

The St. Louis Federal Reserve describes the bitcoin bull scenario as “too optimistic,” emphasizing the expectation that the “ever-expanding supply of alternative cryptocurrencies” will drive down the price of BTC relative to fiat currencies.

The paper asserts that the bullish outlook for bitcoin “assumes that the nominal exchange rate between bitcoin vis-a-vis other cryptocurrencies will adjust in proportion to their relative supplies,” adding that “Bitcoin is expected to appreciate relative to its competitors or, equivalently, its market capitalization share will stay constant over time.”

St. Louis Federal Reserve Claims Bitcoin ‘Has No Fundamental Value’

St. Louis Federal Reserve Predicts 'Flood' of Altcoins Will Drive Down BTC PricesThe bearish outlook is predicated on the assertion that “Bitcoin has no fundamental value” and that the market will “recognize this fact” sooner or later.

While appearing to make concessions for the possibility that bitcoin will not crash down to zero, the paper notes that “one can accept that bitcoin trades above its fundamental value without claiming that its fundamental value is zero,” adding that “many securities trade above what might be considered their fundamental value.”

In concluding, the paper asserts that the price dynamic of an unbacked asset will likely produce significant volatility and is “inherently unforecastable.” While the St. Louis Federal Reserves adds that the price of bitcoin is “not likely” to fall to zero, the paper repeatedly emphasizes the authors’ expectation that the proliferation of altcoins “is likely to place significant downward pressure on the purchasing power of all cryptocurrencies, including bitcoin.”

What is your response to the St. Louis Federal Reserve’s predictions regarding the long-term outlook for bitcoin? Share your thoughts in the comments section below!


Images courtesy of Shutterstock, Wikipedia


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post St. Louis Federal Reserve Predicts ‘Flood’ of Altcoins Will Drive Down BTC Prices appeared first on Bitcoin News.

from Bitcoin News http://bit.ly/2DaP7pQ St. Louis Federal Reserve Predicts ‘Flood’ of Altcoins Will Drive Down BTC Prices

#Blockchain Analysis: Using Technical Indicators to Trade Crypto in 2019

Technical analysis (TA) has been used to trade crypto since its inception. Traders claim that through careful analysis of historical data and focus on price, volume, and related indicators it is possible to identify patterns and predict outcomes. Here are a number of key indicators and mechanics commonly used for trading crypto. 

Also read: Everything You Need to Know to Start Trading Cryptocurrencies

Technical Analysis Is Controversial 

There are a number of ways to use TA to trade cryptocurrencies. Many experienced day traders have been applying Bollinger Bands, Moving Average Convergence Divergence (MACD), Stochastic, the Detrended Oscillator, and Fibonacci Retracement in a bid to gain insights into where the market will go next.

Some are more sceptical of TA. Angus Champion de Crespigny, an advisor to blockchain projects and a former EY blockchain lead, says that when it comes to TA, some methods can be controversial in traditional markets, let alone a relatively new market such as crypto.

“Considering we are dealing with a brand new market, I think we should be careful with anyone stating with confidence that they know what the price will be in the short term. Maybe I’m missing something but I am curious how TA theses for this market could have been proven when the market is still evolving on a monthly basis,” said Crespigny.

Key Indicators

In favor of using TA in cryptocurrency trading is Alexey Markov, a trader at United Traders based in Moscow, Russia. He explained that when it comes to TA, almost anything can work in any markets. The same technical analysis can be applied across different assets in both forex and crypto markets. Indicator-based trading means the trader will rely on indicators to analyze the price and provide trade signals. These alert the trader as to whether now might be a good time to enter or exit a position.

There are a number of key indicators to consider when trading crypto. Markov said: “Many traders make use of indicators during their activities, but our traders, early in their careers, tried out a great many indicators and most traders then refused to use them again except for volume – maybe a few used Moving Average – 200 and 50 for example – and even then only on daily charts.”

Technical Analysis Enables Visualization

Analysis: Using Technical Indicators to Trade Crypto in 2019Be warned though: indicators don’t forecast prices but simply enable visualization in charts and show some median figures where the stock was located during the period under scrutiny. Markov explained that if prices rise on trend then Moving Averages go up, the price gains momentum and the Relative Strength Index also rises. This build up can be demonstrated by green and red candles. For many traders it is convenient to view the pace of price-change in different formats. This all boils down to a question of taste and preference, explained Markov.

There is also the risk that too many indicators will muddy charts with excess overlays and make if difficult to interpret the information. According to Markov, it is best to limit yourself to the minimum possible number of indicators and use them over longer timeframes to avoid being misled by signals. “If there’s a trend in the market, it doesn’t matter what indicators of any sort you could be using, then it’s easy to make money. If it’s a side market, no indicator will save the trader, so you’d better take a break from trading or seek out other assets,” he said.

Gauging Volatility Using Bollinger Bands

Bollinger Bands are a type of statistical chart characterizing the prices and volatility over time and were developed by John Bollinger in the 1980s. According to Bollinger, periods of low volatility are often followed by periods of high volatility.

Markov explained: “Bollinger Bands primarily show the expected volatility range of an instrument based on its previous performance shown in the form of lines around the moving average that illustrates the range in within [which] this stock ‘should’ operate. It’s believed that if it exits this range, the trend will still continue very often, the narrower the range, the stronger the movement will be.”

According to Markov, shunts in the vicinity of 6,000 on BTC provide a good example of going outside this range. “When at the opening of the year the range was very broad, the exits from it gave very little information. Yet all of this goes to prove the well-known truth that after a price is wedged into a narrow price range, a powerful exit from it often follows. This can be seen on even the simplest chart without using indicators,” explained Markov. 

Analysis: Using Technical Indicators to Trade Crypto in 2019
Bollinger Bands show the expected volatility.

Moving Average Convergence Divergence 

MACD is a trading indicator method used in technical analysis of stock prices and was created by Gerald Appel in the late 1970s. According to Markov, MACD will show the trader the difference between two shifting averages.

Analysis: Using Technical Indicators to Trade Crypto in 2019
Moving Average Convergence Divergence.

Markov explained: “The larger the indicator value the stronger the ongoing trend. At the moment when it is suspended, the shift begins converging as the indicator nears zero. This is considered to be an input signal, while the indicator crosses the zero line is a more reliable although much slower signal. It’s an indicator more suited for trading on trends.”

Stochastic is an indicator which shows the level of overbought or oversold conditions for the period in question. Below is an ethereum graph from 2017 when Markov saw entry points using this indicator. 

Analysis: Using Technical Indicators to Trade Crypto in 2019
Stochastic Indicator.

Markov said: “The higher or lower this is to the closing prices, the higher or lower the indicator will be. The classic overbought or oversold level is thought of as 80% and 20% – so when crossing this guideline or returning back it ought to be either entering or leaving this position. Here the logic runs that when an asset closes extremely low, relative to recent periods, the potential for further worsening is very small and sales may soon end.”

Fibonacci Retracement

Finally we have the Fibonacci Retracement. In TA, the Fibonacci retracement means creating taking two extreme points (major peak and trough) on a stock chart and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 100%.

Markov said: “It is believed that there is much in the world around us that owes its existence that can be described with these numbers. Traders have concluded that trends in the financial markets are undermined by general laws of nature.” 

Although the study of Fibonacci retracements (or “fibs”) is useful in identifying support and resistance levels, its efficacy in deriving actionable insights is disputed by many traders. Fibonacci remains an esoteric but intriguing TA tool.

Disclaimer: Bitcoin.com trading articles are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the money.

What techniques do you use when trading cryptocurrency?  Let us know in the comments section below.


Images courtesy of Shutterstock and United Traders. 


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