Ethereum Price Analysis: ETH Remains At Risk of Further Losses

  • Ethereum price declined heavily after it broke the key $264 support area against the US Dollar.
  • ETH price even traded below the $240 support area and tested the $203 level.
  • There is a major bearish trend line forming with current resistance near $240 on the 4-hours chart (data feed from Coinbase).
  • The price remains at a risk of more losses as long as it is trading below the $240 resistance area.

Ethereum price nosedived recently and traded close to the $200 handle against the US Dollar. ETH price is currently correcting higher, but it is likely to struggle near $240.

Ethereum Price Analysis

After a downside break below the $295 support, Ethereum price started a major drop against the US Dollar. The ETH/USD pair broke an ascending channel with support near $295 to enter a bearish zone. Later, the price broke the key $264 support level. As a result, there was a sharp drop below the $250 support and the 55 simple moving average (4-hours). Finally, the price broke the $220 support level and traded close to the $200 handle.

A new monthly low was formed near $203 and the price recently corrected higher. It broke the $215 level and the 23.6% Fib retracement level of the recent decline from the $279 high to $203 low. However, the price is facing a lot of hurdles near $235, $238 and $240. Moreover, there is a major bearish trend line forming with current resistance near $240 on the 4-hours chart.

The 50% Fib retracement level of the recent decline from the $279 high to $203 low is also near the $240 zone to act as a resistance. Therefore, the price must clear the trend line and the $240 area to move back into a positive zone. If there is a break above $240, the price could climb back above the $250 level. The next key resistance is near the $262 and $264 levels.

On the flip side, if the price fails to climb above $238 or $240, it could start a fresh decline. An initial support on the downside is near the $215 level, below which the price may decline towards the $200 handle.

Ethereum Price Analysis ETH Chart

Looking at the chart, Ethereum price is clearly trading in a bearish zone below the $240 level. As long as the price is below $238 and $240, it remains at a risk of more losses in the coming sessions.

Technical indicators

4 hours MACD – The MACD for ETH/USD is struggling to gain pace in the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI for ETH/USD is still well below the 30 and 40 levels.

Key Support Levels – $215, followed by the $200 zone.

Key Resistance Levels – $240 and $264.

The post Ethereum Price Analysis: ETH Remains At Risk of Further Losses appeared first on Live Bitcoin News.

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Max Keiser is Bullish on Bitcoin (BTC,) “My Price Target is $100,000 and Beyond”

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Max Keiser has always been a proponent of Bitcoin, not only because of the evolution of its prices but also because of its fundamentals. In an interview for Kitco News, the host of the well-known TV Show “Keiser Report” pointed out that Bitcoin can “capture” a part of the global gold market (the most important asset used as storage of value).

The famous investor also told that despite the strong bearish streak of
2018, he still believes that it is perfectly possible for Bitcoin to reach
$100,000 adding that he does not expect to make any significant sales unless
this value is surpassed: 

To capture a piece of the gold market, you’re talking $60-, $70-, $80-, $100,000 to Bitcoin. I have not sold any Bitcoin because my price target is $100,000 and beyond.

Keiser explained that from his point of view, BTC bottomed close to 3200
USD, however, he did not come to this conclusion for technical reasons. The
explanation was mainly political.

 “When the Federal Reserve bank signaled that they were going to permanent quantitative easing, I said look, that’s the bottom for bitcoin, that was about $3,200 on bitcoin, because they’re making it clear now that there’s going to be no accountability by the Fed. They’re going to print ad infinitum, ad nauseam, there’s going to be no rollback, no kind of attempt to balance their books,”

Is Bitcoin Gold 2.0, Fiat 2.0 or just Bitcoin?

Max Keiser Believes Bitcoin can capture a piece of the gold market
Max Keiser

For Max Keiser, one of Bitcoin’s advantages over traditional fiat money is precisely that there is a fixed and immutable amount of tokens. This prevents a controlling entity from generating an excess of circulating BTC that could cause a drop in prices as a result of inflation.

This has been described by Max as irresponsible and he stressed that “bubbles” and price changes are normal because BTC is going through a transition stage that gave it several different characteristics (store of value, commodity, medium of Exchange, etc).

Bitcoin’s advantages over gold have been highlighted by other expert financial analysts. One of the most prominent has been Mike Novogratz who is sure that Bitcoin could “easily” surpass gold in 20 years.

“Gold’s got an $8 trillion market cap, or a $7.5 trillion market cap. And so, we’re 100x off on that. We’re not going to get there in Bitcoin in the next year or two. But over a 20-year period, could that happen? Easily. Easily.

However, Max explained that investors don’t have to decide between one and
the other. From his point of view, owning both is important to diversify risk.

“I own a lot of gold, I bought a ton of silver, but I also own a big position in Bitcoin”

Bitcoin vs Gold in one chart. BTC is increasingly bullish. Gold is more stable. In 2019 Bitcoin (BTC) has been bullish whereas gold has been slightly bearish
Historic evolution of the prices of Bitcoin (BTC) (green) VS Gold (orange)

The post Max Keiser is Bullish on Bitcoin (BTC,) “My Price Target is $100,000 and Beyond” appeared first on Ethereum World News.

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How To Start Your Own Craft Beer Business

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by Katie Lundin of crowdspring

Between 2012 and 2017, the number of craft breweries in the US increased from 2,420 to 6,266  – an increase of 159%!

It’s no wonder craft beer is so popular.

Starting a brewing business is hard work. But we’re here to help.

Here are 5 of the 9 steps you’ll need to know to start your own brewery business. If you like what you read here, be sure to read the complete 9 step guide on how to start a brewery business.

1. Choose a business model.

In our guide on how to start a small business, we suggest that aspiring entrepreneurs choose a niche for the best chance at success.

The Brewer’s Association for Small and Independent Craft Brewers identifies four separate market segments for the craft beer industry:

  • Microbrewery – The BA defines a microbrewery as one that produces fewer than 15,000 barrels of beer per year, and sells 75% or more of its beer offsite. Microbreweries may include a tap room that sells beer onsite.
  • Brewpubs – Brewpubs are restaurant breweries that sell at least 25% of their beer onsite. In some states brewpubs can sell beer, wine, and spirits from other manufacturers as well, other states prohibit this.
  • Contract Brewing Company – In this business model, one business hires another brewery to manufacture their beer. The contract company would handle the other business aspects such as distribution, marketing, and sales.
  • Regional Craft Brewery – This category is somewhat vague.  The BA defines it as “An independent regional brewery with a majority of volume in “traditional” or “innovative” beer(s).”

Once you’ve decided which overall business structure is the right fit for you, we recommend that you write a business plan. For more information about how to create a business plan, the Small Business Administration has you covered.

2. Get to know the legal stuff.

The alcohol industry is governed at both the federal and state level.  It’s important that you know and abide by all existing federal laws governing beer and alcohol.

These resources from the Brewers Association should help you get started with your state law research:

  • Self-Distribution Laws by State
  • Brewery Sales and Sampling Laws
  • Barrel Cap Laws

3. Fill in the business blanks.

Starting a craft beer business isn’t all brewing and drinking.

For instance, you need to choose the legal structure for your new business. Sole proprietorship or LLC? Will you incorporate or register a partnership?

We discussed these options previously in our article 15 Tips for Turning Your Craft Hobby Into a Successful Business.

Licenses and permits.

This article walks you through the overall brewery license and bonding process. And, you can find a tutorial and get started with your permits here.

Vendor and employee agreements.

If you need help with vendor or employment, take a look at Quickly Legal, which offers entrepreneurs, small businesses and startups an easy and inexpensive way to create, sign and manage business contracts.

4. Define your brand.

Craft breweries are known and celebrated for their unique brand personalities. If you’re going to get noticed, you need to consciously develop your brand identity.

As we’ve previously discussed,

…your brand is your company’s public identity. Ideally, your brand should embody the best (and most essential) attributes of your company.

The importance of your brand identity cannot be understated – especially in the world of craft beer.  With so much creativity and unique personality already on display, a lackluster brand will fail to take off no matter how good your brews are.

Here are a few questions to guide you as you think about your brewery or brewpub’s brand:

  • What personality do I want my brand to project?
  • Who will want to drink my beer?
  • What can customers get from my beer that they can’t get anywhere else?
  • What makes my brand unique?
  • What is the most important part of my customer’s experience?

Your answers to these questions (and others like them) will build the core of your brand. All of your future branding decisions should expand on these ideas. Your business name, your logo, your website design, your beer can or label designs, and your brewpub or tap house decor should all grow from the concepts you lay out here.

5. Optimize your packaging.

Before any consumers can enjoy your beer, it has to be packaged. And, it needs to look good.

Luckily, you have more options for packaging than ever before. You’ll still be working with bottles, cans, and kegs. But, new technology in materials and labeling mean you can make smarter choices for your business.

Here are the topics that should be on your radar when planning your beer packaging… 

DIY or hire a service.

Depending on the size of your operation, and thanks to mobile canning and bottling services, you may be able to avoid purchasing, housing, and running your own bottling equipment. Look to see if there are mobile bottling and canning services in your area. Then compare their fees with the costs you’d rack up buying and running your own packaging system.

Alternately, keep in mind that packaging your own beer allows you to control the quality of the process to a more exacting degree. But, it also means training and paying staff to run the machines and paying for repair costs.

Bottling vs. canning.

Bottles are the traditional choice of craft breweries. But, cans are growing in popularity.

Purists will claim that beer tastes better from a bottle. But, cans keep beer fresher longer, are more eco-friendly, and are cheaper to ship due to their lighter weight.

The differences don’t stop there. Bottles offer the flexibility of a cap, neckband, and label to share your packaging design. But, cans offer more physical space for design.

There’s no wrong choice. But, don’t make a decision without weighing the pros and cons.

Choosing your packaging design.

When it comes to packaging design, consider both the materials the design will be printed on and the package graphics.

There’s a dizzying array of bottle label materials to choose from; including paper, matte film, glossy film, metalized film, wood finish film or clear film. Each of these communicates a different message to your consumer; so make sure to select a label material that reflects your brand identity.

Cans don’t offer quite so many options. You can print directly on cans or apply a plastic shrink-wrapped sleeve.

Printing directly on the can limits the number of colors you can use and it’s hard to achieve bright vibrant colors.

Can sleeves offer a more vibrant look and a quicker turn-around.

Once you know what material your design will appear on, you can enlist the help of a professional designer. Make sure to let them know the dimensions and materials for your packaging, as well as detailed information about your brand and the product itself.

The more information you can provide about your brand personality, mission, and beer, the better. These details equip the designer to create a design that will embody your beer and your brand.

If you’d like to see lots of design options before settling on a final design, consider using a crowdsourced design service like crowdspring.

Conclusion.

There’s no doubt about it – starting a craft beer business is hard work.

But, brewing is a work of passion. And for those who follow its call, it’s a rewarding, fulfilling career.

 

Katie Lundin is on the customer support team at crowdspring, one of the world’s leading marketplaces for crowdsourced logo design, web design, graphic design, product design, and company naming services. Katie helps entrepreneurs, small businesses and agencies with branding, design, and naming, and regularly writes about entrepreneurship, small business and design on crowdspring’s award-winning small business blog.

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BX3 Crypto Investor Summit Gets Blockchain Sector Investors Plugged In

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by Anne Szustek Talbot, director of content, BX3 Capital

When it comes to blockchain and cryptocurrency innovation, it’s all about accessibility, convenience, and utility. Or at least that was the common thread among the eight investor pitches at BX3 Capital’s Crypto Investor Summit, held earlier this month at the Delamar Hotel in Greenwich, Connecticut.

The event, the first that BX3 spearheaded since its launch earlier this year, provided a platform for entrepreneurs to present their blockchain-based businesses to potential investors and clients, as well as opportunities to network and connect on all things crypto. The presentations spanned an array of sectors, including legal document generation, film and television production, and renewable energy power grids in emerging markets.

Note: A recording of each BX3 Crypto Investor Summit pitch is also available here,courtesy Pitch Investors Live.

BlockDrop: Getting new crypto funds in legal shape

First on the podium was Jeff Knight, founder and president of BlockDrop, a digital reference tool for law firms looking to establish a cryptocurrency practice, as well as in-house corporate counsel facing these issues in their work.

“Say your hedge fund client wants to set up a crypto fund,” Knight muses in BlockDrop’s informational video. “With BlockDrop, you can say ‘Sure, Bob, we can do that.”

Given that cryptocurrency is shy of a decade old, there is little caselaw for lawyers to reference on the subject. Nonetheless, some key regulatory guidelines have been put in place regarding cryptocurrency, whether it be from the SEC regarding Anti-Money Laundering (AML) or Know Your Client (KYC) rules, or how to classify initial coin offerings (ICOs). BlockDrop seeks to codify this knowledge base into actionable content such as policy templates, practice guides, workflows, and document generation. Users can log in and access content on an as-needed basis, not unlike legal platforms with more conventional content such as Lexis-Nexis or Westlaw.

The service runs on a SaaS annualized monthly subscription model with a one-time set-up fee. In its first month since its initial launch, BlockDrop is already rolling out its services with a major global law firm. (BX3 is also a proud BlockDrop partner.)

Aireos: Peace of Mind in the Palm of Your Hands

Few features on a smartphone are as attention-grabbing as the built-in AMBER Alert notification. With the flip of a switch, an entire metropolitan area can get jolted into a fresh state of attention, complete with all of the pertinent details on a missing child, including description, the possible captor, and the license plate number.

Imagine distilling this product into micro scale — with the target audience being your personal inner circle. With Safewrd, Aireos’s blockchain-based signature product, users can signal to their emergency contacts that they are in danger by saying a pre-programmed code word. On their end, designated contacts will receive an AMBER Alert-style warning sound, complete with video and GPS coordinates of the scene. A drone will then arrive at the scene within three minutes to do recon and provide police with live eagle-eye footage of the incident.

During his presentation, Aireos founder Johnny Richardson Jr.projected that the app would lead to an improvement in response time of as much as 84 percent. In some jurisdictions, Richardson notes, response times can be an hour. Three minutes can be the difference between safety and tragedy.

Richardson is looking for $500,000–$1 million in seed funding for capital, including drones. He sees Aireos reaching the minimum viable product stage in about 30 to 45 days; governmental entities in Chicago and his hometown of Detroit have already shown interest in the technology.

Crowded Cloud: Putting Control of the Film Industry Back into Artists’ Hands

When speaking about his startup company Crowded Cloud, founder Javier Benavente often hinges the conversation around one key phrase: “digital studio democracy.” Much of Hollywood is based on connections, he points out. Many movie market deals are made within well-guarded business circles. Breaking into those cliques requires years of networking at best. Crowded Cloud seeks to break down these barriers, allowing holders of the company’s HAVI token to select and fund the projects of their choosing — these projects being repurposing of existing content to broadcast to a new generation of audiences.

Benavente points out that the Hollywood establishment often has a myopic view of what content will pay off. Take the Marvel franchise as an example: it had a built-in global fanbase with ready-made story lines — and was going for the low price of $25 million. A few powers-that-be, thinking the characters held little value, told the comic book franchise “thanks but no thanks.” Some $17 billion later, Marvel Studios has gotten the last laugh.

Now, imagine the other potential gems collecting dust in a film canister somewhere. Someone could be sitting on a gold mine of content; they just need the funding to bring the content to the latest formats, such as AR, VR, and 3D. Crowded Cloud makes the connections happen and allows token holders to choose and fund the projects deemed to hold the most promise.

“What we’re doing is post-production,” Benavente said during his presentation. “We’re trying to wring value out of old projects.”

Benavente hopes to have the system fully operational in beta format by September next year. In the meantime, Crowded Cloud is holding a presale of its tokens as part of its fundraising.

Pitch Investors Live: Deepening the Shark Tank for Entrepreneurs

A little bit Tinder, a little bit YouTube, little bit Shark Tank: Pitch Investors Liveoffers a global platform for entrepreneurs to connect with investors, while helping new companies get a little digital airtime to boot. Startups looking for exposure, funding, or a little advice — if not all three — can use Pitch Investors Live’s app to broadcast to investors around the world. Investors logging in at home can swipe right or left to vote yea or nay on potential projects, as well as pose questions or deliver live feedback. All of the video pitches are uploaded to YouTube, as well as saved in the app’s library. (Side note: In addition to presenting its own presentation, Pitch Investors Live recorded all of the presentations at the BX3 Crypto Investor Summit.)

Shark Tank regular Kevin Harrington is a regular on the Pitch Investors Live Channel, which helps bolster the network’s branding and audience development. Said the company during its pitch during the BX3 Crypto Investor Summit, “if we can get to about a hundred pitches a day, we will become one of the world’s most sought-after tech companies.”

PeaCounts: Paying It Forward to the Gig Economy

According to a recent survey cited by NPR, roughly one in five workers in the US is a contract or freelance worker. Within a decade, freelancers are on track to become the workforce majority, reports another recent survey. In gig employee-heavy New York City, local government has passed regulation enforcing timely freelancer payment. Considering the increasingly nomadic nature of our labor force and any subsequent legal requirements, payment systems will need to adapt to keep pace.

Enter PeaCounts, a blockchain-based payroll processing company tailored to the burgeoning gig economy. Says PeaCounts founder and CEO Crystal Stranger, “We want to be the back end for companies such as ADP and Paychex.”

People employed by companies using the PeaCounts platform log into the system at the start of their shift. The app’s built in geolocation function tracks users’ movements. Stranger, who runs four Airbnb properties, uses vacation rental maintenance as an example. “You can keep track of what the housekeepers and construction workers and pool cleaners are doing what they said they’re doing,” she notes. The system confirms that workers get compensated for the work performed without having to deal with messy time sheets and other freelance/contractor-related paperwork.

PeaCounts operates on its signature PEA token, which is forked off Bitcoin and is delivered via smart contract architecture.

Monarch Token: Making Online Currency Online Payment

Cryptocurrency has been around for roughly a decade now. Keeping this fact in mind, cryptowallet startup MonarchToken asks a fundamental question: What’s keeping Walmart — or pretty much any other household name retailer, for that matter — from accepting crypto?

Monarch co-founder and CEO Sneh Bhatt and Dylan Ander, chief marketing officer, have a few ideas on this front — and some that even the most ardent of cryptocurrency supporters will begrudgingly admit:

· It’s volatile: Given its vast price fluctuations within hours, never mind the months that a given item might be available for sale, it can well-nigh be impossible to keep prices current with exchange rates.

· Because of that fluctuating value, merchants can’t effectively charge recurring payments.

· There is no plug-in for online merchants.

· For all of those reasons and more, cryptocurrency presents e-commerce customers with a horrible user experience.

Enter Monarch to the rescue. The company’s attested mission is to enable all businesses to accept seamlessly and easily crypto as a form of payment, supporting the top content management systems in use, such as WordPress, Wix, Joomla, and Shopify. Eventually, the company envisions what Bhatt dubbed during his pitch a “financial kingdom”: the ability to conduct one’s online errands in crypto — with the Monarch wallet as the linchpin.

The platform’s cryptowallet allows for ready conversion from a customer’s crypto account to fiat for the merchant, an intuitive user interface and patent pending, a decentralized blockchain-based payment system. Moreover, Monarch gives the opportunity for users to choose a cryptowallet name that they actually stand a chance of remembering.

“How many people here remember their Ethereum address?” Sneh asked the BX3 Crypto Investor Summit crowd. Touché.

Monarch’s cryptowallet offers an integrated exchange, hot wallet and cold wallet all-in-one, which the founders suggest is better practice than leaving crypto on exchanges.

Given that Monarch’s utility is not unlike that of conventional fiat-to-fiat foreign exchange, it makes sense that it borrows another page from the conventional forex trading sector: Its security token is backed by silver, a precious metal that in general is less volatile than its currency-backing counterpart gold. Monarch seeks to raise $50 million in a dual-token structure, with 50 percent of revenues going back to security token holders.

Alternative Resource Group: Harnessing the wind, delivering energy

The final pitch of the BX3 Crypto Investor Summit energized potential investors on several levels.

Alternative Resource Group (ARG) seeks to launch and develop blockchain-based renewable energy power grids to communities in emerging markets, offering not just the long-term savings inherent with clean energy from an economic externality perspective but also, more simply, lower-cost kilowatt hours to users.

“To transport fuel halfway around the world and burn it somewhere else is a huge waste,” Michael Lumbley, development director at ARG, noted during his pitch. Conventional power grids’ infrastructure often falls short in providing steady electricity to some areas in developing economies. Power lines can only stretch so far, after all. Renewable energy, on the other hand, offers flexibility in where power stations and grids can be established. Sun and wind tend to transcend human-constructed boundaries.

Yet beyond providing power to all people, ARG offers the prospect of more green beyond green energy itself. ARG’s crypto token makes it possible for everyday retail investors to be able to make these projects happen. In general, clean energy is an investment class reserved for investment banks and other large-scale institutional investors such as pension funds. Via the company’s AR3 token, individuals can invest in the development and implementation of ARG’s energy projects, including its greenfield investments in Puerto Rico and in Mexico, near its border with Texas.

“Energy investment, including clean energy, is an asset class that’s understood by traditional finance, especially in Asian markets,” Lumbley notes. “But for developments in India and Africa, investors want something solid and stable, with a 20 percent return on investment.”

In this way, energy tokenization offers, as Lumbley says, “opportunity for people of every class.”


BX3 Crypto Investor Summit Gets Blockchain Sector Investors Plugged In was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.

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