Bitcoin BTC Price Weekly Forecast- Downside Thrust Before Fresh Rise?

Bitcoin (BTC) Price Weekly Forecast- Downside Thrust Before Fresh Rise?

There was a steady rise in bitcoin price above the $10,500 resistance against the US Dollar.
The price is currently correcting lower after it traded to a new monthly high close to $11,000.
There is a key bullish trend line forming with support near $10,200 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
There could be a downside correction towards the $10,100 support area before a fresh increase.

Bitcoin price is trading with a bullish bias above $10,000 against the US Dollar. BTC remains buy on dips as long as there is no daily close below $10,000.

Bitcoin Price Weekly Analysis (BTC)

In the last weekly forecast, we discussed the importance of the $10,000 resistance for bitcoin price against the US Dollar. The BTC/USD pair remained well bid and managed to surpass the $10,000 resistance. Moreover, there was a break above the $10,500 resistance and the 100 simple moving average (4-hours). Finally, the price climbed above the $10,800 level and traded close to the $11,000 level.

A swing high was formed near $10,949 before the price started a downside correction. There was a sharp decline below the $10,800 and $10,500 support levels. Moreover, there was a break below the 23.6% Fib retracement level of the last wave from the $9,300 low to $10,949 high. Finally, there was a break below the $10,400 level. However, the price stayed above the $10,000 support and the 100 SMA.

Additionally, the price is trading nicely above the 50% Fib retracement level of the last wave from the $9,300 low to $10,949 high. There is also a key bullish trend line forming with support near $10,200 on the 4-hours chart of the BTC/USD pair. If there is a downside break below the trend line support, there could be a sharp decline below $10,000 in the near term.

On the upside, an initial resistance is near the $10,600 level. If there is an upside break above $10,600, the price could revisit the $10,800 resistance. Finally, a close above the $11,000 level may perhaps set the pace for a larger upward move towards the $11,700 level.

Looking at the chart, bitcoin price seems to be correcting gains, but it is trading nicely above the $10,200 support area. The main support is near $10,000, below which the price could turn bearish in the coming sessions. On the upside, the price might continue to struggle near $10,800 and $11,000. Overall, there could be another dip towards $10,100 before a fresh increase.

Technical indicators

4 hours MACD – The MACD for BTC/USD is about to move back into the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI for BTC/USD is slowly rising towards the 55 level.

Major Support Level – $10,000

Major Resistance Level – $10,800

Aayush Jindal

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

Manny Pacquiao Releases His Own Cryptocurrency

The boxing prodigy from Philippine, Manny Pacquiao has announced the launch of his own cryptocurrency doing a concert in Manila city. The concert gathering had more than 2,000 fans to pimp up the fad for the new cryptocurrency. Sunday’s concert marked the unification of music with the virtual currency as Pacquiao recited songs from his hit album and abruptly announced the launch of his cryptocurrency right before the show came to an end.

“Pacquiao is idolized by many. People will be encouraged to check this innovation,” said Aaron Baetiong, a person who attended the concert, spoke about the “Pac” tokens.

In July, 40-year-old defeated Keith Thurman winning the Welterweight Super Championship of WBA. The man also boasts of being a Philippine senator, and endeavors earn through his brand new “Pac” tokens that let its users buy the merchandise as well as interact the celebrity through social media.

The token is also reported to be listed on GCOX, the Global Crypto Offering Exchange (GCOX) of Singapore with Pacquiao along with the ex-Liverpool & England soccer champion Michael Owen to be deemed as the private investors. They will also be accompanied by a person from the family of Abu Dhabi’s ruler, Sheikh Khaled bin Zayed al-Nahyan. Hence the stardom of the token is not just known to the world but also been back up by robust and powerful candidates.

This new token is right now acknowledged as the Pac token. Although, this token is reported to be listed on GCOX. Coming from a household name, the token will be a good acquaintance to global celebrities too.

Even the main website for the proprietary launch mentions that the champion’s status and fame will be promptly used to promote the adoption of the new tokens. Here are the exact words:

“PAC Token (PAC) rides on the advantage of blockchain by transforming the popularity and brand of Manny Pacquiao into crypto tokens, which are quantifiable and exchangeable. Millions of fans will now be able to get closer to their idol Manny Pacquiao by having access to his bespoke fan-celebrity programs powered by GCOX.”

BY SARA GILLARD

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

MARKETHIVE – The Multi-Dimensional System

Markethive is a multi-dimensional, deep level linking dynamics, social organizational integrated system. Integrating Vast Social networks reaches, internal social network connections, unlimited interconnected WordPress blogs, the vast API news sites like NBC, Wired Magazine, Bloomberg, Western journal, Mashable and 1000s of other news sites, that continue to expand due to the power of your own Markethive network and the collaboration of separate Markethive groups all working in union with each other.

The ability to register and assign your many social networks into the Markethive matrix produces reaches into the literal billions. And with the advanced nature of Markethive to be able to not only visualize the huge content cloud at work for you but to be able to physically grab and manipulate it to actually see your cloud in 3 dimensions as it grows and evolves before your very eyes.

Markethive is an upcoming Market Media and Content Publisher offering Press Releases and Sponsored Articles at a negligible cost and with a reach well beyond existing social and market networks. After comparing 480 other news media sites with regards to their social reach and followers and Alexa ranking, Markethive sits at Number 6 with an Alexa ranking of 13,600 at the time of writing. This continues to drop daily as subscribers flock to join the Markethive network.

A Real Game Changer

Markethive is a game-changer and a force multiplier for the average Joe and Jane of the Internet. Now aspiring fledgling entrepreneurs, have the ability to join the ranks of professional and successful entrepreneurs.

Grouping data and clusters, your content develops a velocity that carries your message into areas you may never realize until you use the Markethive’s data technology to do the visual research.

Interaction with other members builds an exponential effect with content development and Metrics is the cement that confirms your networks and traffic. Markethive has integrated traffic metrics into all aspects of your broadcasting platforms, capture pages, blogging, groups, profile pages, *Store Fronts (*coming soon), and our WP plugins even report the real traffic to your WordPress blogs.

Our capture page widgets, which can be embedded into many 3rd party blogs, profile pages, and press release platforms report accurate traffic, origin, bounce rates, and duration. This is all also displayed in our visualization matrix displays.

Data analysis (big data) is built to serve you, not exploit you with our systems, by analyzing this data and delivering it in interactive graphics, charts, and displays make it easy to determine what is working to drive traffic and what is not.

Markethive now has its own department which offers a service to help you with your goals and overcome any challenges you may face with getting your word out into the social reaches of the world wide web. Run by Engineer and WP Plugin expert Steven Cavan, he can completely organize, set up and maintain your plugins, so you can concentrate on what you do best. Your welcome to visit the group where you can contact Steven. Just click on the image below.

What Is In The Works?

Dynamics Interactive Displays are being developed to deliver a 3-dimensional production that gives a powerful perceptual display.

Vector research has been developed in Markethive to deliver deep research and accurate reports on the depth and dynamics of the multilevel relationships that Markethive develops.

A major part of this foundation is your Social Networks control panel, where adding all your social accounts gives you incredible power, reach and additional income with our Bounty Program. What that means is once installed and by following Markethive’s social accounts, you will be rewarded with MHV. Just another fraction of Markethive’s generous Faucet system that continually pays you for your activity on the platform.

Blockchain – Making It Even Better

Blockchain Technology and the cryptocurrency sphere have enabled businesses to align themselves with the users’ need and right to be in control of their data and how they use their time to monetize their efforts. Markethive, with their mandate being the rise of the entrepreneur and the fall of the tyrannies that plague society was created by a visionary who saw this coming and much needed to empower social media users, create equality and universal income to enrich society on the whole on every level.

Conclusion

Markethive, 20 years in the making has had the forward-thinking and tenacity to integrate the latest technology to deliver a complete ecosystem for anybody aspiring to work online.
It is the world’s first Market Network with a social media interface built on the blockchain. This is the next-gen of all things from the past. It’s up and running now but in 2019 it will be full speed ahead. It offers everything other platforms don’t including Universal Income for all commercial writers, bloggers, vloggers, and entrepreneurs. In fact all commercial artists from all backgrounds, plus privacy and transparency. It’s for the people by the people. In essence, it gives the power back to the people.

Deb Williams
Market Manager for 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.

FOLLOW US ON…

Website: https://markethive.com
Token Site: http://markethive.io/
Telegram: https://t.me/markethive_support
Twitter: https://twitter.com/markethive/
Github: https://github.com/markethive /
Reddit: https://www.reddit.com/r/markethive/
Crunchbase: https://www.crunchbase.com/organization/markethive
Medium: https://www.medium.com/@markethive
Bitcointalk: https://bitcointalk.org/
Telegram News: t.me/Markethive
LinkedIn: https://linkedin.com/company/Markethive
Facebook: https://facebook.com/MarketHive
Youtube: https://youtube.com/Markethive

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

Bitcoin price prediction – BTCUSD key hurdles in the rearview ahead of the weekend-Bitcoin Confluence

Bitcoin price prediction – BTC/USD key hurdles in the rearview ahead of the weekend-Bitcoin Confluence

Bitcoin seems to be stuck in a range between $10,800 (range limit) and $10,400 (range support).
A clear path exists between the immediate resistance ($10,791) and the next hurdle at $11,572.67.

Bitcoin bears pressed down on key support areas following the rejection around $10,800 but the buyers managed to keep the price above $10,500. Besides, Bitcoin seems to be stuck in range between $10,800 (range limit) and $10,400 (range support). A breakout is likely to take place ahead of the weekend session towards the coveted psychological level at $11,000.

BTC/USD 1-hour chart

As far as the confluence levels are concerned Bitcoin has pulled above the strongest resistance zones. In other words, the path of least resistance is to the upside in the short-term. Glancing upwards, $10,791 is the first hurdle. The various technical levels at the zone include SMA 10 15-mins, Previous High 15-mins, previous high 1-hour, Bollinger Band 4-h upper and the Bollinger Band 15-mins Upper.

A clear path exists between the immediate resistance and the next hurdle at $11,572.67. Highlighting this resistance area is the Fibonacci 161.8% 1-week and Pivot Point 1-month R1.

To the downside, immense support exists starting with $10,679: SMA 5 1-hour, Previous Low 1-h, Bollinger Band 15-mins Middle, Previous High 4-hour, BB 1-hour upper, previous low 15-mins and SMA 5 15-mins. The most significant support is the one at $10,567 while $10,456 and $10,121 will come in handy to give the bulls a breather in the event declines extend extensively.

John Isige FXStreet

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

Strategies Used To Increase Crypto Market Value – And Then There’s The Markethive Way

Strategies Used To Increase Crypto Market Value –
And Then There’s The Markethive Way

Well-known Cryptocurrencies use a method to keep their market value high. It is also an attempt to offset inflation. This is called Coin Burning. That means when a sizable quantity of a coin’s supply is extracted, that coin encounters a heightened demand resulting in the price of the coin rising.

There are a few different coin burn strategies being used and since most coins are experiencing similar price changes, it’s difficult to determine which strategy is receiving better results. The different approaches being used are explained below.

Burning The Circulating Supply

Numerous cryptocurrencies burn coins that are in circulation. This means they remove coins that are being traded or held by investors. In this case, the company that issues the cryptocurrency buys it back from the coin holders and exchanges.

Binance does this a few times a year. It’s 7th coin burn eliminated 830,000 BNB or $16 Million this way. VeChain and Tron use a model resembling Binance also. One distinct advantage of the strategy is that the size of the burn is mostly determined by market forces and price action.

Burning The Non-Circulating Supply

Occasionally the practice is to remove coins that are not in supply, meaning coins that are allocated to team members, early investors, even the project itself. For example, EOS burned an account containing 34 million EOS which equates to $150 million following a community vote.

In all probability, it’s easy to burn large amounts of funds like this, as the funds in question are usually located in just a few large accounts. But since these coins are not in general circulation, this type of burn doesn’t have an effect on the market or price.

Burning During Each Transaction

Burning coins during every transaction is another model some cryptocurrencies use. VeChain burns 70% of its VTHO tokens which are used to pay for transaction fees. Notably, VTHO tokens are not VeChain’s primary VET coin. That gets burned via buybacks.

Ripple follows a similar strategy. It burns about 0.5 XRP per minute, which adds up to more than 250,000 XRP per year (this is subject to change). This strategy has a few things in its favor. It’s very easy to coordinate, and it shouldn’t have any unexpected results since it plays out slowly.

By spreading small burns across many transactions, this strategy should prevent any short-term market cap drops. It should also reduce confusion and misunderstanding among investors, thereby preventing secondary effects such as “panic selling” and other irregular activity.

Unofficial Burns, Dead Addresses, Lost Coins

Bitcoin and Ethereum are not issued by a central organization or project. These coins are mined by a community, so there is no group capable of planning an official coin burn. Instead, rules and algorithms prevent too many tokens from being created in the first place.

With that said, wealthy groups can take it upon themselves to carry out a burn. Antpool, a popular mining pool, began to burn Bitcoin Cash transaction fees in 2018. There was some controversy though, and plenty of disagreement over whether this was a legitimate way to boost Bitcoin Cash’s value.

Coins can also be destroyed inadvertently. This occurs whenever individuals lose access to their wallet addresses. There are estimates that suggest that up to 3.8 million BTC has been permanently lost. Even if this is accidental, it is effectively the same as burning 20% of Bitcoin’s supply.

Price-Targeting Burning

Tether and other stablecoins have fine-tuned their burning strategy so as to achieve a specific price. These types of cryptocurrencies continually burn and also create tokens resulting in the price of the stablecoin is always around the $1.00 mark.

This model isn’t generally applicable to other sovereign cryptocurrencies. Tether relies on the U.S Dollar as collateral. This allows it to achieve stability. The full process is quite complex, however, Tether’s coin burns fundamentally reflect the fact that U.S. Dollars are moving out of its reserves.

What this means is that the coin burns do not dictate, but reflect Tether’s stability. This being the case, most cryptocurrencies cannot target prices as accurately as stablecoins do. But even stablecoins experience minor price fluctuations as their burns cannot always contend with market activity.

Are the Coin Burning Strategies Working?

I believe it’s safe to conclude coin burns are not harming crypto prices. I think the organizations relying on coin burns would cease the practice if it had any negative results. But so far they have stuck with their strategy since the beginning.
So there you have it. There are a number of different ways in which certain cryptos are attempting to keep their currency deflationary and increasing the value. Markethive has another unique system that will stimulate great results for its holders of MHV (Markethive Coin)

The Markethive Way

Markethive has a Consumer Coin. (MHV) There is great Purpose and a complete Ecosystem of products and services built around this coin. The Markethive Coin is being utilized within the Markethive Exchange via Infinity Airdrops, faucet systems, and bounty programs that reward the user for any and all activity on the platform. Furthermore, MHV can be used to buy products and services within the Markethive environment from individual sellers and the company itself. So the coin is used within the commerce of the system creating an eternal economic velocity.

The Markethive Coin is not dependent upon speculative value as is the case with many other cryptocurrencies and platforms and is a fundamental difference to the other systems out there. The Markethive system has been developed to produce revenue in the traditional sense with the added benefits of the blockchain taking it to the next level. The revenue is a vehicle that is used to buy the Markethive Coin back in the free market so it can be redistributed into the economic vortex of the system.

What Else Is Coming?

Another portal that will be implemented in due course is designed to burn the coin. This is a good thing and will be extremely valuable to all associates in Markethive. To burn the Markethive Coin means pulling it out of the marketplace, so there’s less supply. The less supply, the greater the demand, which in turn increases the price of the coin. Piqued your interest?

More information about this will be delivered as and when it comes to hand. To keep up to date with the progress of Markethive and the ingenious implementations that will benefit all of us, join us at the weekly meetings held on Sunday Mornings at 10 am MST. These meetings are hosted by the CEO, Thomas Prendergast, and CTO, Douglas Yates. The link to the Markethive Zoom Room can be found in the menu at the top of your markethive home page under Calendar.

BONUS!

Attendance at the live meetings (which, by the way, are not recorded) is constantly improving, however, as Thomas stated in last week's meeting if we can get 100 people to this week's meeting (Sept. 8th 2019) he will reward every single person that attends 100 MHV. Now that's a great incentive! See you there!

As passionately reiterated by Thomas Prendergast,

“Everyone in Markethive is going to prosper and become wealthy because of what we are doing. Early adopters will obviously have a really big head start, but this is going to continue on for every single person, even if they join up in 10 years from now. Markethive will always be built on the premise that nobody gets left behind.”

Conclusion

The future is bright for us as Markethive takes all the steps to ensure the long-term sustainability of the Markethive Ecosystem. The MHV Coin will inevitably increase in value, securing your success and prosperity within the realms of Markethive and beyond.

David Ogden

Entrepreneur @Markethive, a global Market Network, and 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.

FOLLOW US ON…

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

Cryptocurrencies price prediction – Bitcoin Ethereum amp Bitcoin Cash Asian Wrap 05 Sept 0

Cryptocurrencies price prediction – Bitcoin, Ethereum & Bitcoin Cash – Asian Wrap 05 Sept 0

Bitcoin price prediction: BTC/USD bulls lose steam around $10,650 mark

BTC/USD had a bearish Wednesday as the bulls lost steam around the $10,650-mark. The price dropped slightly from $10,635 to $10,587 over the day. This Thursday, the price has gone down further to $10,565. The hourly breakdown shows us that the price fell to $10,400 before it bounced back up to$10,715.

Ethereum market update: ETH/USD is eying these levels towards $300

Ethereum price is still grappling with acute selling pressure. This is happening despite the shallow recovery from the recent support area at $162. Besides, many analysts, investors, and traders have in the recent past expressed their lack of faith in Ethereum’s performance in the near future.

Bitcoin Cash market overview: BCH/USD rejected at $300 again

Since Bitcoin Cash broke the recovery trendline commenced earlier this week, the price has had a bearish inclination. It became an uphill task to sustain the gains above the critical $300 due to the renewed bearish momentum emanating from the rejection around $300.

BY FX STREET PUBLISHED: SEP 5, 2019 03:42 GMT

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

Bitcoin Price Continues to Eye 11K as Most Altcoins See Minor Gains

Bitcoin Price Continues to Eye $11K as Most Altcoins See Minor Gains

Market visualization. Source: Coin360

Bitcoin continues to show impressive price movement after trading close to $10,300 for the better part of the day. At publishing time, the No. 1 cryptocurrency is trading at $10,718 — up 2.9% on the day, according to data from Coin360.

Bitcoin’s 24-hour price chart. Source: Coin360

Bullish sentiments towards BTC seem to have won out once again as Bitcoin dominance hit 70.5%. Cointelegraph reported at the beginning of August that crypto perma-bull and former Wall Street trader Max Keiser had claimed Bitcoin dominance is heading towards 80% and that altcoins are dying — and will “never come back.”

The No. 1 altcoin, Ether (ETH), is showing a minor uptick of 1% and currently trading at $181 per coin.

Ether’s 24-hour price chart. Source: Coin360

Ripple’s XRP token continues to trade steadily and is showing minor gains of 0.1%. At publishing time, the world’s third-most popular coin is trading at $0.263.

Cointelegraph reported on Sept. 3 that, according to Whale Alert, a live tracker for cryptocurrency transactions, Ripple had moved 500 million of its native XRP tokens (worth about $130.1 million at publishing time) from its escrow wallet.

XRP’s seven-day price chart. Source: Coin360

Major losers and gainers among top 20 altcoins

Among the top 20 cryptocurrencies by market capitalization, Huobi Token (HT) is showing the biggest gains on the day — up more than 4% to trade at $4.11 at publishing time. Bitcoin Cash (BCH) is the second-best performer in the top 20 altcoins, showing gains of just under 4% to trade at $304 per coin.

The worst-performing top 20 altcoin is Tezos (XTZ) with a loss of 4% on the day. One Tezos is now being traded at $1 per coin.

Overall cryptocurrency market capitalization currently sits at $271 billion, with BTC’s share accounting for 70.5% of the total.

By Joeri Cant

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

THE MARKETHIVE WALLET APP – Coming Soon

THE MARKETHIVE WALLET APP –
Coming Soon

Markethive’s wallet app is multi-purpose. It acts as a wallet, set up to receive Markethive coin, works as a messaging system integrated with the Markethive dashboard for both the news feed and messaging, acts as the 2FA for login and holds the KYC keys for membership verification. Operates on PC and Apple PCs, Droid and Apple phones and Tablets.

1. Hive Wallet Balances

The Markethive wallet is a software program that stores private and public keys and interacts with various blockchains to enable users to send and receive digital currency and monitor their balance, with the additional options to send payments through the messaging system. The wallet also receives Markethive auto revenue payments

2. Hive Authenticator

The initial subscription into Markethive requires a mature social network and a cell number is the second level of verification. But further verification is required to conduct business. This is where the 2FA process requires documents that when approved, they are encrypted and the Wallet becomes the only point giving the subscriber the only access to their own privacy

3. Hive Verification

Security blockchain end to end, a private key for verification access to the Markethive platform. KYC documentation is stored in the blockchain and only accessed via your wallet with the wallets 2FA. Upon logging into Markethive, the wallet delivers several layers of protection.

4. Hive Messenger

Decentralized messenger, p2p, the blockchain, voice, text, 3+ call ways, groups and channels, built-in whiteboard and desktop share webinar. Encrypted, private, crypto coin transfers, shapeshifter, runs from the wallet. Pays to use it. Reads and publishes to the Markethive Newsfeed.

Find out more about the proposed, developing, and operating leading-edge tech we bring to you, to support your environment to build your dreams in our machine. All part of delivering Universal Income for the Entrepreneur.

The Markethive Consumer Coin [MHV]

The Markethive coin will not be dependent upon speculative value as is the case with other cryptocurrencies and platforms, thereby creating eternal economic velocity in the entrepreneur ecosystem within Markethive. This is a fundamental difference to the other systems currently out there today. The Markethive system has been developed to produce revenue in the traditional sense with the added benefits of the blockchain taking it to the next level.

The Consumer coin, MHV, is being utilized within the Markethive Exchange by way of Airdrops and the Faucet system which rewards Associates using the platform, so the coin is used within the commerce of the system thus creating the velocity. The Revenue is a vehicle that is used to buy the Markethive coin back in the free market so it can be redistributed into the economic vortex of the system. This is a fundamental difference to the other systems currently out there today.

A Visionary’s Life’s Work With A Mission

CE0 & Founder of Markethive, Thomas Prendergast, a passionate Entrepreneur by nature states…
“I’m put on this earth to empower and bring prosperity to every living soul with a purpose. Even if that purpose is only to be free from the shackles of the Social Media tyranny we all face. This is a new era with the evolution of technology. It is the next generation of Social Media and Market Networks.”

Mr. Prendergast finished by saying…
“I am fully committed to building the members of Markethive into huge success stories. This is my way of helping make this world a little bit brighter and helping the struggling entrepreneur to have a lot more advantages to reach their goals”.

Summary

Markethive’s multidimensional wallet is a POS wallet, a Mining Wallet (through MH faucet systems and Bounty Program), a private KYC/AML authentication provider and a secured messaging system – ALL IN ONE.

This multi-dimensional wallet will not only preserve and protect your coins, grow your coins through a Proof of Stake function, but it will also provide you 100% control your private KYC/AML (Know Your Customer/ Anti-Money Laundering) information and secure messaging portal. This multi-functional wallet is part of Markethive’s proprietary Intellectual Property.

Within the local and app-based wallet, you will be able to store MHV coins and other top ten coins like BTC, ETH, etc. You will also be able to upload your KYC documents into your device and only release a READ ONLY view of them at authentication time, with your approval; 100% under your control. Markethive will never store your private information, an authentication code will be held in Markethive’s blockchain. The secure messaging portal will also be integrated into the Markethive’s cloud ecosystem and take full advantage of the groups and folder technology… COMING SOON!

David Ogden
Entrepreneur 1 @Markethive, a global Market Network, and 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.

FOLLOW US ON…

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

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…

You understand their problem
You have a solution that could solve their problem
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…

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

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