Bitcoin And Crypto Market Rally Looks Real – LTC BNB BCH TRX Analysis

Bitcoin And Crypto Market Rally Looks Real – LTC, BNB, BCH, TRX Analysis

  • The total crypto market cap recovered nicely and broke the key $250.0B resistance area.

  • Bitcoin price is up more than 7% and it recently climbed above $10,400.

  • Binance coin (BNB) price is also gaining momentum and it recently broke the $22.50 resistance.

  • Litecoin (LTC) price is facing a few solid hurdles near the $68.00 and $70.00 levels.

  • BCH price is up more than 5% and it is about to break the $300 resistance area.

  • Tron (TRX) price is slowly moving towards the $0.0160 and $0.0162 resistance levels.

The crypto market cap and bitcoin (BTC) are currently surging above key resistances. Ethereum (ETH), litecoin, ripple, BCH, TRX, XLM, BNB and EOS are also correcting higher.

 

Bitcoin Cash Price Analysis

BCH price formed a decent support base near the $280 level against the US Dollar. The BCH/USD pair started a solid upward move and broke the $290 resistance level. The price is currently up more than 5%, with an immediate resistance near the $300 level

If the price surges above the $300 and $305 resistance levels, there could be more gains in the coming sessions. On the downside, the $290 level may now act as a support in the short term.

 

Binance Coin (BNB), Litecoin (LTC) and Tron (TRX) Price Analysis

Binance coin (BNB) price is also showing a lot of positive signs and it recently climbed above the $22.00 resistance area. BNB price is up around 6% and it is trading above the $22.50 resistance level. The next key resistances are near the $23.00 and $23.20 levels.

Litecoin price is still facing a lot of hurdles on the upside near the $68.00 and $70.00 level. LTC price must settle above the $70.00 level to start a decent upward move. On the downside, the main supports are near the $65.00 and $62.00 levels.

Tron price is slowly moving higher and is trading above the $0.0155 level. An immediate resistance is near the $0.0160 level, above which TRX price could climb further above the $0.0162 resistance level. The main supports on the downside are near $0.0152 and $0.0150.

Looking at the total cryptocurrency market cap 4-hours chart, there solid recovery initiated from the $235.0B support area. The market cap broke the $240.0B and $250.0B resistance levels to move into a positive zone. Moreover, there was a break above this week’s followed bearish trend lines near $248.0B and $252.0B. The market cap is now placed nicely above $250.0B and the 100 SMA on the same chart. Therefore, there could be more gains in bitcoin, Ethereum, EOS, litecoin, ripple, binance coin, BCH, TRX, XMR, XLM and other altcoins in the near term.

 

 

Aayush Jindal

David Ogden – Http://markethive.com/david-ogden

What Is A Bounce Rate:How Important Is It?

What Is A Bounce Rate: How Important Is It? 

What is a Bounce Rate? 

Here is an easy way to think of the website bounce rate. Think of a ‘bounce’ as someone landing on your website, not clicking on any other pages and then leaving. The bounce rate is, therefore, the percentage of people that do this, rather than stay and take a look around your website. You want your bounce rate to be as low as possible, get them to engage and take the next step down your sales funnel. 

 

There are some key factors to consider that determine your website bounce rate…

What Type Of Traffic Are You Attracting? 

Are the visitors to your website specifically looking for your company, or are they looking for information? People who are familiar with you will bounce less than those who are in information-gathering mode. If you have an eCommerce store, does your traffic have high ‘commercial intent’? Are they ready to buy or simply researching for future purchases?  

Writing really awesome blog posts can bring you lots of traffic, but this tends to be more information-seeking traffic as opposed to visitors with high commercial intent. Consequently, traffic to blog posts tends to have a higher bounce rate than traffic to your home page even if the average session duration is longer. 

This shows the blogs are good quality and all that may be needed is a prominent call to action. Another way to keep them on longer is to have lots of relevant internal links so the visitors can delve deeper into a topic that interests them. 

 

 

What Causes Artificially High Bounce Rates? 

Websites are frequently crawled by bots. Some are friendly and used to decide where to rank the website. Other bots are nasty and evil and are looking for content to scrape and load to spammy sites. Therefore the bounce rate is skewed because they are not real visitors.

 

The Sources Of Your Traffic. 

Visitors that come from Google search results tend to ‘bounce’ much less than visitors from Facebook, for example. People are in very different frames of mind when they’re in work or play modes. Paid traffic sites can have an effect on your bounce rate due to the fact they are not organic or perhaps targeting the wrong audience pulling in unqualified traffic.

Sending the wrong people to your landing page will definitely result in a higher bounce rate. The right traffic is visitors that are primed to convert because they are in your target audience. 

CEO and CMO of Markethive, Thomas Prendergast has done some excellent research on the target market for Markethive. Given the company is on blockchain and crypto-based, it makes sense to target people using the platforms illustrated in this research

The Design And Layout Of Your Website.

Sites that are difficult to navigate, confusing, or look old-fashioned all tend to have higher bounce rates than new clean, easy-to-use, mobile-friendly websites. Intrusive advertisements will not only have a negative effect but will also reduce the reputation of your landing pages. Also, auto-play videos are a strict no-no. Most people don’t like surprises or be bombarded as soon as they hit the site. 

Headlines and subheadings are helpful to visitors to scan blocks of text quickly. If they cannot spot the content by scanning the headline or subheadings, they most likely will not take the time to search your site. 

Images relating to the content make it easier to read. Text without images can be overwhelming and needs to be optimized for online reading. Writing on the web is very different than writing for written publications. Images break up the copy making it easier on the eyes. 

Note: Images need to be relevant, inspiring and entertaining but not too many or too distracting. Avoid oversized images also. Combining images with great content simply reinforces what you want to say with the visual.

The Clarity Of Your Message.

Within the first few seconds of arriving at a website, visitors will automatically scan for content and design elements that communicate Credibility and Safety. The perceived safety of the site relates to the quality of the content and the appearance of the pages. If your site communicates safety, the visitor will be encouraged to stay, explore and may even take the next step.

Grammar and spelling errors on a site are very often perceived as not credible. It’s an absolute turn off for me when visiting sites. But the credibility and safety go well beyond grammar and spelling. The quality of content must quickly communicate that… 

  1. You understand their problem
  2. You have a solution that could solve their problem
  3. They just need to take the next step 

The next step is a clear call to action. Having a clear call to action means the visitor knows at a glance what their next step should be and where it is on the page. Making it easy and not asking for too much information will definitely work in your favor. Even asking for full name, phone number and email can result in a bounce or maybe even a false lead. A simple widget connected to their email account is a one-click verified lead that most people accept and is an easy, unobtrusive way to capture them.  

If the visitor is not convinced that the site is credible, reliable and safe for any reason, they will bounce from the page within the first few seconds after arriving. 

 

The Speed Of Your Website. 

Slow-loading websites have high bounce rates and low conversion rates. It’s that simple. The golden rule is that people do leave a website if it takes more than 4 seconds to load. 

These following factors tend to slow page load times: 

  • Cheap hosting
  • Oversized images that can’t be downloaded quickly
  • Too many images will cause too many requests on each page load
  • Using custom fonts need to be downloaded for the visitor to read 
  • Too many fancy sliders and javascript effects that also must be downloaded to work. 

 

What Is A Good Bounce Rate?

As a very broad rule of thumb, you’re aiming for a website bounce rate of under 40%. Between 40% and 55% is usually okay, whilst 55-65% shows significant room for improvement. This is a very simple and broad rule of thumb. There are certain circumstances like paid and social traffic, traffic hitting blog posts and also mobile traffic tends to bounce more. This is where it might be perfectly okay to have a bounce rate higher than these figures.

 

Checklist of things to review on your landing pages…

  1. You sent the right people to your landing pages.
  2. You don’t bombard people with intrusive ads that distract from your primary call to action.
  3. Your headlines match the advertisement that promoted the landing page.
  4. Visitors can quickly find what they are looking for.
  5. Spelling and grammar have been checked out.
  6. The content provided is of high quality.
  7. It’s well designed with a clear message.
  8. The images don’t distract from the call to action.
  9. You have a clear next step for the visitor avoiding confusion.
  10. You avoid asking for too much information.
  11. Landing pages load under 2 seconds.

 

For Markethive Associates, You can find your bounce rate under Statistics either on your Profile Page or in Pages for your Widget and Capture Page stats. Markethive has made it very easy to read the analytics and keep on top of critical information that can help you improve where need to reach your end goals.

 

This service is available to all Associates, Free, and Upgraded. I find the capture pages and websites at Markethive fare very well with bounce rates and conversions. 

Conclusion

Page layouts that are simple can communicate a lot of information in a short period of time. Focus on what you really want the visitor to do on your landing page. Be sure to make all the content, images and call to action buttons are gently nudging people in that direction.

Think of each landing page as a social contact. This is where you create a first impression that encourages the visitor to get to know you better, thereby improving your bounce rate, time on site and overall conversions. 

 

ecosystem for entrepreneurs

 

 

 

David Ogden
Entrepreneur 1@ Markethive, a global Market Network, and Writer for the Crypto/Blockchain Industry. Also a strong advocate for technology, progress, and freedom of speech.  I embrace "Change" with a passion and my purpose in life is to help people understand, accept and move forward with enthusiasm to achieve their goals. 

 

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Kyrgyzstan to Impose Taxes on Bitcoin Miners

Kyrgyzstan to Impose Taxes on Bitcoin Miners

Kyrgyzstan, a formerly notorious anti-crypto country, is making some moves towards reversing a years-old negative stance on crypto assets.

According to a report from local news outlet Kabar, the Ministry of Economy in the Central Asian country submitted a draft bill to introduce a new taxation structure to cryptocurrency mining. The Kabar report revealed that earlier this week, the ministry submitted a draft bill titled “On Amending the Tax Code,” which seeks to outline its proposed method of taxing crypto miners

As the news medium pointed out, the Ministry of Economy is exploring two possible means of getting this done. The first will be to put a tax rate on incomes earned through mining, while the second will be to tax expenses being incurred by miners as they carry out the activity.

The taxation of crypto mining is a significant development in the country, especially for several reasons. The first of these would have to be the projected revenues that this could drive for the government. According to Kabar, the government of Kyrgyzstan is carrying this action out to primarily raise budget revenues, as it notes that they could see revenue increases over 300 million som (about $4.2 million).

Given that their annual budget stands at about $1 billion, this c#isnt such a terrible means of getting some cash to finance things. In addition to this, introducing taxes for mining is also a breakthrough for the crypto sector in the country.

The government of Kyrgyzstan imposed a sweeping ban on cryptocurrencies back in 2014, when the National Bank of the Kyrgyz Republic (the country’s highest banking institution) issued an official statement warning that the use of Bitcoin and other crypto-assets as payment methods was illegal under national law.

At the time, the bank warned that Bitcoin was an unregulated, highly volatile currency. In the release, the financial authority claimed, “Under the legislation of the Kyrgyz Republic, the sole legal tender on the territory of our country is the national currency of Kyrgyzstan som. The use of ‘virtual currency,’ Bitcoins, in particular, as a means of payment in the Kyrgyz Republic will be a violation of the law of our state.”

Essentially, this meant that Bitcoin and crypto assets had been banned in the country long before Bitcoin trading blew up, and the asset’s price very nearly reached $20,000 per token.

All of the potential earnings and benefits that Bitcoin and crypto assets have brought to favorable jurisdictions since then have essentially eluded Kyrgyzstan. It would seem that the government is tired of missing out on all this, and is now ready to accept the asset into its economic framework.

It is also worth noting that while the government banned virtual currencies, they remained in the country. Last year, Valery Tutykhin, Head of the Finance Centre Development Agency, spoke to news medium 24.kg and claimed that citizens of the country could still perform stock trading and investments with cryptocurrencies.

So, why wait? Embrace cryptocurrencies impose taxes on anyone looking to mine, and enjoy the benefits of a budding industry while you make money as well.

 

SEPTEMBER 1, 2019 Jimmy Aki

David Ogden – Http://markethive.com/david-ogden

Bitcoin BTC Price Weekly Forecast: 10K Holds Key For Recovery

Bitcoin (BTC) Price Weekly Forecast: $10K Holds Key For Recovery

There was a major downward move below the $10,000 support in bitcoin price against the US Dollar.

The price is currently correcting higher, but upsides remain capped near $9,800 and $10,000.

There is a major bearish trend line forming with resistance near $9,980 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).

There could be a short term upside correction, but the bulls are likely to struggle near $10,000.

Bitcoin price is facing a lot of hurdles on the upside near $10,000 against the US Dollar. BTC remains sell on rallies as long as it is trading below the $10,000 resistance.

 

Bitcoin Price Weekly Analysis (BTC)

In the last weekly forecast, we discussed the possibilities of a downward move below $10,000 in bitcoin price against the US Dollar. The BTC/USD pair did move down and broke the key $10,000 and $9,800 support levels. Moreover, there was a close below the $10,000 pivot and the 100 simple moving average (4-hours). Finally, there was a break below the $9,800 and $9,500 supports as well.

A new monthly low was formed near $9,300 and the price is currently consolidating losses. It is testing the 23.6% Fib retracement level of the recent decline from the $10,717 high to $9,308 low. However, there are many hurdles on the upside near the $9,800 and $9,900 levels. Additionally, there is a major bearish trend line forming with resistance near $9,980 on the 4-hours chart of the BTC/USD pair.

Moreover, the 50% Fib retracement level of the recent decline from the $10,717 high to $9,308 low is also near the $10,010 level. Therefore, upsides are likely to remain capped near the $9,800 and $10,000 levels. Above the trend line, the 100 SMA is waiting near the $10,150 level. The 61.8% Fib retracement level of the recent decline from the $10,717 high to $9,308 low is also waiting near the $10,170 level.

On the downside, an immediate support is near the $9,500 level. If there is a downside break below the $9,500 support, the price may continue to move down below the last swing low at $9,300. The next key supports are near the $9,100 and $9,000 levels.

Looking at the chart, bitcoin price is clearly trading in a downtrend below $10,000. In the short term, there could be an upside correction, but the $9,800 and $10,000 levels are likely to act as major sell zones in the coming sessions.

 

Technical indicators

4 hours MACD – The MACD for BTC/USD is slowly moving into the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI for BTC/USD is slowly rising towards the 50 level.

Major Support Level – $9,500

Major Resistance Level – $10,000

 

 

Aayush Jindal

David Ogden – Http://markethive.com/david-ogden