Analysis – Bitcoin primed for a price break out

Analysis – Bitcoin primed for a price break out

Bitcoin is approaching an end to a trading pattern, that potentially spans back over 5 months with a $10000 range.

Bitcoin is sitting inside a mammoth 5-month trading pattern—with a possible breakout approaching in the next 10 days. The pattern is called a symmetrical triangle, and refers to a chart characterized by two converging trend lines connecting a series of sequential peaks and troughs.

Looking back over the last 160 days, bitcoin's price sat neatly inside this pattern–the first signs of it emerged in May this year, when bitcoin's price rallied from a low of $5,000.

From there, bitcoin gained steadily over the next two months, to hit a high of nearly $14,000 in June. That was followed by three distinct lower highs of $13000, $12000 and $11000, in July, August and September, as the chart below shows.

Bitcoin has been fitly into this triangle pattern, but for how much longer?

On the support (lower) side of the triangle—bitcoin saw two recent higher lows of $9350 and $9850, in late August and just 2 days ago on September 11.

More interesting than just the pattern, however, is the shape's length, and range in the price's movement—5 months and an astonishing $10,000 (from top to bottom). While it's impossible to predict what will happen next, when a break out does occur—i.e. a price drop or rise that falls outside the trend lines—it's like to be sizable. A movement as high as a $5,000 swing up, or down, over the next few weeks is not beyond expectations.

For now, all eyes seem to be on the expiry of this pattern—with many predicting that it will be on the exact day of the Bakkt bitcoin futures launch, coming up in just 10 days.

 

By Nawaz Sulemanji

September 13, 2019

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

ENTREPRENEUR ONE UPGRADE Introducing The Cherry On Top

ENTREPRENEUR ONE UPGRADE
Introducing The Cherry On Top 

 

By now a good many members of Markethive are either a part of or at least heard of the Entrepreneur Upgrade Program.  This has now been broken down into separate grades as explained in this blog by Thomas Prendergast, the Founder, CEO, visionary and creator of this much needed and sought after platform whether a person realizes it or not. There is a huge market looking for what we do. 

There are so many facets of Markethive, it can be a little overwhelming at first, but the bottom line is you have everything and I mean everything here to succeed in whatever it is you do.  There have been 20+ years of high energy poured into Markethive. This is a Divine inspiration, this is spiritual magic-ness, and is putting everybody who signs up into the business first and foremost. 

We are at *Entrepreneur One Upgrade (*EP1) presently which is the premium highest level you can acquire. It contains all the services, loyalties and advantages to leverage and accelerate your success here at Markethive. This is limited and will cease by year-end. Keep in mind that the Entrepreneur One Upgrade status is yours for life, along with all the benefits it offers, as long as you continue the $100 monthly subscription. 

The Banner Ad Program With A Twist

The Entrepreneur One Upgrade is the only program that will have the Banner Ad Program included. But here’s the kicker… Banner Ad Slots are up for Bidding! 

Let’s face it, some people are saying “I have no use for the Banner Ad Program”. Or “I don’t use them. I don’t have a personal business that requires banner advertising”  Being an Entrepreneur One Upgrade now gives you the opportunity to have a Banner business. This is totally exclusive to the Entrepreneur Upgrade One member. Let me explain… 

If you are an Entrepreneur One Upgrade (EP1) You will now be able to put your Banner Slots up for bid. If you have no need to use them yourself why not sell them?  

Coming soon, there will be a group in Markethive with an interface where all members can visit and view the banner slots, times and dates available etc, that are up for bid. You can stipulate whatever price you see fit. Also, Markethive Coin (MHV) will be the only currency used to purchase the banner slots.

 

How Does It Work

The Bidder pays you for the banner slot. They will then upload their banner into your Banner Control System and the Markethive Admin will take the necessary steps to approve it.

Note: There are certain guidelines and qualifications that need to be followed when creating a banner: 

  • Ensure your banner is sized to 960px x 80px.
  • Use images with white or transparent backgrounds.
  • Fade any graphics to white that touch the banner edge.

If it doesn’t meet the qualifications. Markethive reserves the right to make changes to it. This will be free of charge as an Entrepreneur. 

So now you can sell your banner slots if you are not going to use them for your personal business. This is a limited resource to an ever-expanding market. The demand is only going to continue to increase.

 

A Lucrative Business Within A Business

Imagine that you, and only a handful of others having total control over the banners that are being sold on Coinmarketcap for an average of $300,000+ a month! To break it down, at Coinmarketcap you will pay $16 per CPM (Clicks Per Mille = 1 Thousand Impressions) 
On average the estimated impressions for a top banner per month is 26,595,000. That works out to $425,520 per month. 

Banner advertising is a very lucrative business and a proven way to acquire visitors and signups for your business, especially on a popular website. Also, as a rule of thumb, the lower your Alexa Rank, the more you can charge for banner advertisements. Coinmarketcap currently sits at 382 on Alexa Ranking. 

 

Markethive, with an ever decreasing Alexa ranking (currently at 13,179) and a consistently increasing number of unique visitors and members at Markethive, along with the chance to pay only $100 per month into a loyalty program (*EP1) where you get ownership of a limited resource of the most prominent, sought after advertising spot in Markethive make this an exceptional lucrative opportunity. 

At present,  Markethive is receiving nearly 100,000 unique visitors a day and steadily growing organically.

 

 

To give you an example, let’s say the EP1 is capped at 300 members. 100,000 unique visitors divided by 300 EP1s = 333 impressions on one page. The number of impressions into 50 pages per day would equate to 16,700 equalling 501,000 impressions per month. So if you had to pay a rate of $10 per CPM, that would equal $5,010 a month for banner advertising expenses. Keep in mind these banners will be viewed on the complete Markethive Network and all other systems that we have, so the number of impressions any banner receives will be exponential. 

You will get this type of exposure for only $100 per month with the Entrepreneur Upgrade One, and now we have the cherry on top where any EP1 member can create a Banner Ad business within the Markethive system by putting their unused Banner slots up for bid and being paid in MHV. 

 

Coin Velocity

This is just one more way Markethive is increasing our coin velocity. The fact that we are a meritocracy, exponentially growing daily as a social network with all the marketing tools, gamification, and loyalty programs we have and are still implementing is ensuring the credibility, velocity, and ultimate success of the Markethive Ecosystem and its Universal Income.

 Many coins and tokens on the market have no velocity as they don’t have a real use case. All the services free and otherwise Markethive offers, increase the velocity, supply, and demand of the MHV coin. Utilizing the coin within Markethive for services and loyalty programs including but not limited to,

  • Faucets/Micropayments
  • Incentive Loan Program
  • Press Releases 
  • Sponsored Articles
  • Banner advertisement 
  • Banner Slot Bids
  • Boosting Posts
  • The Vault

By the very nature of MHV being a consumer coin, it’s not open to speculation like many other coins on the market. The benefits of being on the inside of Markethive transacting with MHV in its ecosystem are many, and while this is happening velocity and demand increase.  The added benefit is the Markethive Exchange and MHV being listed on 3rd party exchanges gives it liquidity. 

 

Conclusion

The introduction of the Banner Slot Bidding which is a great way to earn even more income is just one more reason to Upgrade to Entrepreneur One before it closes for good.  

Soon we will be able to buy MHV from open market Exchanges and transfer into your Coin Clip in Markethive to purchase ILPs with MHV. I will delve deeper into that topic in a future blog. Stay tuned for updates and more exciting things to come. 

 

ecosystem for entrepreneurs

 

 

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

 

 

 

 

 

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

Bitcoin price analysis – BTCUSD bounced from key support further growth imminent

Bitcoin price analysis – BTC/USD bounced from key support, further growth imminent

 

  • BTC/USD managed to push for a reversal from the tested $9,800 support only to hit a snag at $10,200.

  • Bitcoin must settle between $10,200 and $10,400 to allow the bulls to focus on higher levels heading towards $11,000.

Many cryptocurrency analysts and experts have become strongly bearish in the past few weeks. This was fueled by the failure to break the psychological resistance at $11,000 even after pushing for recovery from the recent dive to $9,300. Moreover, Bitcoin has had a rough time defending support areas, the latest being the dip below $10,000.

However, the 4-hour chart clearly shows an asset that has potential for growth. BTC/USD managed to push for a reversal from the tested $9,800 support. In fact, the price ascended to levels above the 100 Simple Moving Average (SMA) 4-hours but the momentum hit a dead-end at $10,200 (first resistance area).

Also supporting Bitcoin is the main trendline since August 29 lows. Besides, Elliot Wave Oscillator has posted four consecutive bullish session following the late Wednesday recovery. Trading at $10,101 at the time of writing, Bitcoin only needs a break above the $10,200 resistance. A move the will pave the way for a trajectory to $10,400 (second resistance and breakout point). It will still be a win for the bulls if the price settles between $10,200 and $10,400 as it will allow them to focus on the medium resistance between $10,800 and $11,000.

BTC/USD 4-hour chart

 

John Isige – FXStreet

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

Bitcoin price would rally after the 11500 mark

Bitcoin price would rally after the $11500 mark

BITCOIN PRICE The king of cryptocurrency Bitcoin (BTC) down under and Bitcoin price action is throwing one disappointment after another at the investors since the 26th of June. That’s precisely when the price hit thirteen thousand and eight hundred dollars ($13800) mark and the volatility reached its peak. Albeit briefly, Bitcoin price hit the thirteen thousand dollars ($13000) mark twice since June 2019. While BTC price has been dwindling below eleven thousand dollars ($11000) for the better part of the last three months.

While Bitcoin price managed to hit the twelve thousand dollars mark on the 6th of August 2019, the better part of three months within the ten thousand dollars ($10000) range speaks for the current state of the crypto. Would Bitcoin price rally again? Well, regardless of what the world believes, analyst and investor Josh Ragers believe that BTC price can take another huge rally. Ragers is of the view that the BTC price is headed towards the eleven thousand and seven hundred dollars ($11700) mark once again. However, what’s different about it this time is the nature of rally that would allow the king to take the big run everyone is desperately waiting to happen.

The funny part is Ragers, hinted on this back in June as a joke, however, it turns out that the odds were in his favor. Now, months later, BTC price action has actually turned the tables in favor of his comic prediction.

The Ragers chart reveals that the launchpad Bitcoin price currently stands at the eleven thousand six hundred and ninety-eight dollars ($11689) mark. The chart furthers that breaking past this point Bitcoin price would take a huge rally similar to the one back in 2017. However, the price would not be rising up to a new all-time high this time around but rather raise up to the nineteen thousand six hundred and sixty-six dollars ($19666) mark. Bitcoin is hovering at the ten thousand and seventy-five dollars ($10075) at the time of writing.

 

By Saad B. MurtazaSEP 11, 2019

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

Who Is John David McAfee?

Who Is John David McAfee? 

Some of you may be familiar with John McAfee if you had a computer and installed his anti-virus software back in the day. Historically, he founded the McAfee Software company way back in 1987 and was instrumental in running the business until 1994 when he resigned from the company. McAfee Associates achieved early success as the creators of McAfee, the first commercial anti-virus software. The business was bought by Intel in 2011 with TPG Capital now owning a majority stake since 2017 and now produces a range of enterprise security software. 

A Bit About John

John McAfee was born in the United Kingdom in 1945 on a U.S. Army Base to an American father who was stationed there. His mother was English. They settled in Salem, Virginia US where McAfee was raised. However, he has said he feels as much British as he is American. It was unfortunate that McAfee’s father, an abusive alcoholic, committed suicide when he was just 15 years old. 

He went on to achieve a bachelor's degree in mathematics in 1967, from Roanoke College which subsequently awarded him an honorary Doctor Of Science (Sc.D) degree in 2008.  

McAfee was employed as a programmer by NASA's Institute for Space Studies in New York City from 1968 to 1970. From there he went to Univac as a software designer and later to Xerox as an operating system architect. In 1978 he joined Computer Sciences Corporation as a software consultant. He worked for consulting firm Booz Allen Hamilton from 1980–1982 In the 1980s, while employed by Lockheed, McAfee received a copy of the Brain-computer virus and began developing software to combat viruses.

He then went on to open his own company McAfee Associates in 1987 while working at Lockheed. In 1989 he quit Lockheed and worked fulltime on his business which he initially operated out of his home in Santa Clara, California. 

Since leaving McAfee Associates in 1997, he has founded the companies Tribal Voice (makers of the PowWow chat program), QuorumEx and Future Tense Central, among others, and has been involved in leadership positions in the companies Everykey, MGT Capital Investments, and Luxcore, among others. His personal and business interests include smartphone apps, cryptocurrency, yoga, and all-natural antibiotics. 

John McAfee’s wealth peaked in 2007 at $100 million, before his investments plummeted in the event of the Global Financial Crisis that began that year. It was reported that his personal fortune had declined to $4 million. 

He bounced back when he moved to Belize where he started the company, QuorumEx in 2010 which aimed to produce commercial all-natural antibiotics based on anti-quorum sensing technology. He resided for a number of years in Belize but later returned to the United States in 2013.

McAfee is also a political activist, who sought the 2016 Libertarian Party nomination for President of the United States in the 2016 election, losing to former New Mexico governor Gary Johnson. He has since announced his plans to run for president in the 2020 elections. His primary platform is to promote the use of cryptocurrencies. He did state that he will either seek the nomination of the Libertarian Party for a second time or form his own party. 

This is one creative side of John McAfee

“The perfect mathematics of the blockchains (yes – there are many different blockchains). As a mathematician, this is how the blockchain math would sound, to me, if it was music.” – John McAfee

What Is His Political Stance

McAfee identifies as a libertarian, advocating the decriminalization of cannabis and an end to the war on drugs, non-interventionism in foreign policy, and a free market economy that does not redistribute wealth, and he upholds free trade

McAfee advocates for increased cyber awareness and more action against the threat of cyberwarfare.

McAfee has advocated for religious liberty, saying that business owners should be able to deny service in cases that contradict their religious beliefs.

He also states, 
 "No one is forcing you to buy anything or to choose one person over another. So why should I be forced to do anything if I am not harming you? It's my choice to sell, your choice to buy."

A Passionate Man

John McAfee, a Cryptocurrency maximalist, has led a very colorful and somewhat controversial life. He has been caught up in numerous legal issues some are fact, and many are fiction according to him. He’s not afraid to speak out. You either love him or you hate him. 

He and his wife are currently in hiding, communicating within a Faraday cage  This is just the beginning of the next chapter for the anarchist that in many cases makes a lot of sense in his reasonings and advocacies. We will be following him over the next couple of months to find out who is the real John McAfee? Does he have a purpose? And what will be his legacy? 

Apart from his outlandish behavior that many have balked at, he is principled and is predominately fighting the good fight, for the people, as John McAfee is truly an essential part of the resistance to government corruption and tyranny. It does take a bit of thinking outside the box to understand him. A little patience and forgiveness to overlook his faux-pas, but you got to admit he’s entertaining. Stay tuned… 

 

ecosystem for entrepreneurs

 

 

Dvid Ogden
Entrepreneur One @Markethive, a global Market Network, and 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

WHAT’S IN STORE AT MARKETHIVE?

WHAT’S IN STORE AT MARKETHIVE?

Groups And Campaigns Go Next Level

Automated and managed advertising and marketing campaigns can be done through a group or what is now called a “Storefront”. You are able to set up Co-ops and automate members’ contributions to a particular campaign. Publish and build the Blog Section of the group to keep your group members up to date and knowledgable about your business or interest. You can also reward a members’ activity with a smart rotator meaning any conversions you receive will be distributed to the members based on their engagement within the group. 

 

What Are Storefronts?

Markethive is in the process of creating a function to turn your Group into a Store Front. 

Storefronts create a single thread all driving people into the StoreFront via advertising campaigns, funnels, etc. A storefront will focus on one particular business however they will come through the Markethive portal directly into that storefront group via a capture page. Your prospects will be welcomed there with a splash page with your branding and message straight into that group. 

Storefronts are essentially a  lead generation campaign that is powered by Markethive, but not necessarily promoting Markethive. You are primarily generating leads and signups for your private business within that storefront. Once the prospects are in a storefront group, they then can experience the Markethive ecosystem at their leisure. 

This streamlines your lead generation and conversions and you can conduct everything within that group including commerce meaning you’ll be able to accept payments within that group. 

Regular capture pages that realistically only give you a name and email and very little control in the follow-up process can have a diminishing effect whereas being placed into a storefront group through Markethive, you have all the verified information you need and the ability to nurture them within a collaborative environment. This is very powerful.  The bonus is they receive the signup bonus of 500 MHV which at present equates to $100usd. This can excite and make them feel right at home. 

The bottom line is this type of lead system brings the person into the sales page so now they are a member of Markethive, with access to Markethive autoresponders including the one you allocate to them for your business. They also have the opportunity to be trained by Markethive which may lead to further signups within the Markethive system, thereby activating the faucet which pays them for all activity and any other loyalty programs they utilize. So now they are receiving the nurturing and collaboration which is the essence of Markethive, plus absolute exclusivity in the sphere of influence and working with them to build your business, whatever it may be. 

 

Group Procedures

If a sign up is achieved through the Group’s profile page link, the owner of the group is the referrer.  If a group capture page is used, the owner of the group is the referrer.  If a group member uses their permalink created by the owner of the group, then that group member is the referrer.  If the groups' rotator link is used, then it rotates through the members for the referrer.

Another advantage is that all prospects that sign up using a group page or link are automatically added to the group regardless of the groups' security settings.  Also, each time they log in they land on the groups' page as opposed to the Markethive Home Page. Soon widgets will be available in a group. So you can embed a signup widget on your external web page to sign new members into your group.

 

Markethive’s Vision – The Bigger Picture 

Everything Markethive builds is to your advantage. To increase your sphere of influence Markethive is the foundational support of your pursuit and success. Markethive is so different from anything else out there. It will bring the entrepreneurial spirit out in people. They will be able to dare to dream because of Markethive. Centralized entities of the world are reputed to be corrupt and unfair structures that oppress people. Markethive is here to liberate. To give people the freedom, self-sovereignty, to lift and inspire.

When people realize that there is an organization, culture, and system that will give them what they need to be able to achieve financial sovereignty such as Markethive, (meaning we are not dependent upon governments or financial structures that oppress communities and Society in general), Markethive’s growth will be exponential and lead us to 1000’s of hybrid hive farms cultivating Medicinal Marijuana and producing or mining coins. 

 

The Architecture 

A simple explanation: A server and farm at the bottom of the building, the second story is a greenhouse. The greenhouse is producing electricity to feed the servers below. The servers are producing the heat which in turn produces coin and at the core of all that is our Quantum dWave computer as one of the many decentralized database systems that are operated, controlled and protected by the blockchain of our wallet, meaning Markethives presence will be in every nook and cranny in the world and we will be spread out and decentralized along with many projects that will inspire and improve the world. 

Initially, 3 Data centers will work in conjunction with our wallet on the blockchain and will be part of managing our distributed database. Eventually, Markethive will have 10,000+ data centers spread out globally in our mining hive facilities so the entire system will run off the closest data center to you but all interconnected, all updating themselves and all managed by blockchain. This is a substantial technological advancement with no other company doing it presently. 

 

A Goal Within Reach

Markethive’s goal is to reach the very top of the Alexa Ranking which means massive traffic. At the time of writing, we have just topped 100,000 unique visitors a day. This is organic and surprisingly in almost every country in the world. Markethive will become a Multi trillion-dollar company and we are well represented in all parts of the world. You can help by installing the Alexa Toolbar Extension and checking it daily. 

Markethive’s social networks have grown exponentially in the last few weeks now over 40,000 with functions in place to increase our followers into the multi-millions. 

Individually and holistically we create a massive reach with Markethive’s WordPress plugin and SNAP (social network auto poster) Department. The SNAP Dept will help your WordPress become a mini digital media publisher where Markethive press releases and articles will be sent out to your WordPress which in turn gives you increases in your faucets, bounties, airdrops, and vault as well as online presence and branding. 

This is an image of the Log in Map into Markethive which shows organically just where we are in the world. So many countries have been touched with Markethive’s blessing already. 

CEO and Co-Founder of Markethive, Thomas Prendergast states,
“I have every confidence that we have sitting in front of us the ability to reach 500 million subscribers in Markethive within a year.” 

 

A Conservative Projection

A Social Market Network where the members are at the forefront of Markethive’s vision and agenda stands to benefit greatly with the Incentivized Load Program (ILP) and Entrepreneur Upgrade

Let’s keep this projection at 50 million subscribers in the next year. Based on LinkedIn’s figures and Markethive’s projection if…

39% upgrade to Entrepreneur program   = 19,500.000 subscribers x $100 per month 
= $1.95 billion per month, of which 20% is allocated to ILP holders. 

20% = $390 million allocated to the ILP holders. 

Notably, there will be a limit of 1000 ILPs. 

So with 1000 ILPs that equates to $390,000 per month to each ILP holder of one full ILP. 

A 1/10th of an ILP can be achieved by staying active in the Entrepreneur Program for $100 per month for 12 months. Every year you stay active will earn another 1/10th so in 10 years you will have a full ILP. Even a 1/10th ILP will provide you with a dividend of $19,500 per month based on these figures. 

This is on top of all the services the Entrepreneur Program provides for its members.

Thomas Prendergast emphatically affirms,
"This is going to eliminate the struggle and empower you. This is the reality and these are real numbers Markethive will build the superstructure to bring on the last harvest."

Summary

So to put it all in a nutshell, we have automated and managed advertising and marketing campaigns. We can set up Co-ops and automate members' contributions and shares to any particular campaign.  Build contribution blogging among groups or storefronts and reward activity with a smart rotator.  Also, create a massive reach with our WordPress plugin and our SNAP (social network auto poster) Department. Reward your members with waited traffic and leads based upon their engagement within the group. Also, track and monitor 3rd party article submissions and Press releases. Additionally, build backlinks and monitor with Markethive’s exclusive data matrix display tracking system. 

And remember, anything you do in Markethive, whether it be to promote Markethive as your business or a completely separate and private business, you are receiving Markethive Coin (MHV) as a reward for your efforts. Now is the time to accumulate as much coin as you can and be ready for the launch of our wallet. Think about becoming an Entrepreneur Upgrade as it will be the last thing you ever need to do to secure your future. As stated by Thomas, MHV will become the Bitcoin of the Consumer Coin.  

 

ecosystem for entrepreneurs

 

 

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

 

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

How Bitcoin Distribution Is a Bullish Sign For Greater Adoption

How Bitcoin Distribution Is a Bullish Sign For Greater Adoption

 

There are a number of differing metrics analysts use to determine the health of the Bitcoin ecosystem. Hash rate and transactions are two of the most popular but distribution in terms of the number of addresses can also be used to determine adoption rates.

Bitcoin Addresses Increasing

Over the past two years the number of BTC addresses has surged indicating that the asset is undergoing greater adoption. The largest gain is the number of addresses with less than a million satoshis which also suggests a more even distribution that is not just a few whales or large exchanges.

According to director of research at The Block, Larry Cermak, this is a very bullish metric.

“This is probably the most bullish chart on Bitcoin I’ve seen to date. Even though a single person can own multiple addresses, this to me clearly indicates user growth and an improving distribution.”

The numbers of addresses holding very large amounts of BTC have not increased anywhere near the rate of the smaller ones. A major jump has occurred since 2017 in addresses holding just 100k satoshis despite the massive bear market of 2018. This could be a sign of mass accumulation of smaller amounts of Bitcoin.

In a similar observation, Coinbase CEO Brian Armstrong noted the increase in addresses holding 10BTC and that it too has hit a new high.

“Great charts from Coinmetrics, showing crypto industry growth. For instance, the number of addresses holding at least 10 Bitcoins recently hit an all-time high.”

Still Top Heavy?

It has often been suggested that a small number of whales can control a disproportionate amount of the supply of BTC, and thus influence its price. However, stats on Bitinfocharts.com suggest that the number of addresses holding just a dollars’ worth is also on the up.

The site suggests that almost half of all BTC addresses hold less than 100k satoshis. A quarter of addresses hold between 100k and a million satoshis and 17% contain between a million and ten million sats. Only ten percent or so of BTC addresses hold more than 1 Bitcoin according to the website, however it should be noted that there are a lot of coins being held in that ten percent!

 

 

Martin Young

 

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

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

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 – 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.

 

ecosystem for entrepreneurs

 

 

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…

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