Cryptocurrencies Price Prediction: Bitcoin, Ripple & Bitcoin Cash– Asian Wrap April 15

Cryptocurrencies Price Prediction: Bitcoin, Ripple & Bitcoin Cash– Asian Wrap April 15

BTC/USD bears remained in control as the price fell from $6,877 to $6,842.60. There are no healthy support levels on the downside, so the price can be The corona crisis has moved many employees to their home desks – where parents have to teach their children in addition to the job. 😀 𝙏𝙝𝙖𝙣𝙠 𝙔𝙤𝙪 𝙁𝙤𝙧 𝙒𝙖𝙩𝙘𝙝𝙞𝙣𝙜! 🚩 Remember to subscribe and hit the bell “🔔” icon, so you don`t miss your daily cryptocurrency news! Become A Patron! ⭐ On Patreon … Coin Metrics says bitcoin`s correlation with gold has increased in recent weeks.

BTC/USD bears remained in control as the price fell from $6,877 to $6,842.60. There are no healthy support levels on the downside, so the price can be expected to drop even more. On the upside, there are two strong resistance levels at $6,915 and $7,200. 

XRP/USD bears remained in control for the third consecutive day as the price fell from $0.1862 to $0.185 in the early hours of Wednesday. The bulls have repeatedly tried and failed to overcome resistance at the SMA 50 curve, since running out of steam near the $0.202 line. The price has found support at the upward trending line and SMA 20. 

Bitcoin Cash price continues to drift further and further away from the recent high achieved at $281. While the brief rally supported by its halving last week, a post halving rally has failed to materialize. Instead, BCH/USD has slipped below several key support areas including $250 and $230.


This is how homeschooling can work alongside work

This is how homeschooling can work alongside work

Telephone conference with the boss, video calls with colleagues and a focused focus on the most important thing at the moment: On the one hand, the corona crisis shows what, despite previous reservations, everything works out very well from the home office. On the other hand, many parents who teach their children alongside the job or at least keep an eye on their school content face new challenges.

Trade unions, associations and non-governmental organizations have therefore put together a number of online education offers over the past few weeks that can be used to learn from home – for parents and children. Here are 4 of these recommendations or offers.

The Education and Science Union (GEW) has formulated 10 tips for how parents can support their children. Therefore, fixed times for home learning are important, without insisting too much on routine maintenance. In addition, parents should follow the teachers' recommendations and not overwhelm children. If they have their own ideas for the creative design of the learning processes, parents should encourage them. If possible, children should interact with classmates while learning via video platforms or social networks. The latter recommendations also give parents time to do their own job. To check yourself, it may be advisable to document learning processes daily.

The German Teachers' Association (DL) also advises parents in 5 tips to set rules for media use that differentiate between learning and playing on a computer or tablet. If you talk to your children about possible fears about the pandemic, you can also put fake news on the agenda. To prevent the so-called camp freak, memory, arithmetic or other games can also be integrated into homeschooling.

In contrast to older pupils, primary school children have comparatively few digital offers and tasks at their schools. The primary school association has therefore published suggestions and a leaflet for parents and advises: "It would be ideal if home learning could concentrate on what is usually neglected." For example, reading, building and constructing, artistic or excursions into the nature. So that parents do not always have to be there, the association has the following tips at hand: Read children alone and let them tell you later, encourage them to write stories or diaries or think up and rehearse a play. Children can also watch and write down or write in knowledge programs such as “The Show with the Mouse”, which they find exciting.

With, students for elementary school teaching also developed an online offer that parents should accompany to a certain extent in their home office, but do not have to actively participate. Every working day, the children are greeted by a student in the morning by video and moved with three offers to participate. is a growing collection of digital educational offers in the form of programs, apps, tools and tips. In addition to pupils and teachers, the website is aimed at parents who are looking for ideas for lessons and leisure activities during school closings. For example, there are regularly new "challenges" a la "We are creating a digital flip book", "We are creating an interactive game" or "Creating a learning quiz with Kahoot". The platform was started by digital expert Verena Pausder.

The Federal Agency for Civic Education (bpb) has put together offers for audiovisual policy education. The Youtube Channel Political Lesson is about "Trump and Corona" or "Corona and Hungarian Democracy". The podcast The "Truth" in Corona times takes a critical look at conspiracy theories surrounding the pandemic. Lessons without school bundle numerous materials from worksheets to video games. explains specifically for young people how the crisis is changing our society.

The non-governmental organization Attac provides worksheets for download on the website Political Education in the Corona Crisis, which can be used on learning platforms and in which current media reports are also linked. There are currently materials on topics such as "Health as a public good", "Who pays for bank failures?" And "What next after the crisis?".

Amnesty International offers materials online to educate yourself on human rights. This includes a cell phone quiz, instructions for a human rights taboo game or a workshop on Harry Potter.


This is how homeschooling can work alongside work

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First Mover: Gold Is Crushing Bitcoin, but Inflation May Bring the Cryptocurrency a Boost

First Mover: Gold Is Crushing Bitcoin, but Inflation May Bring the Cryptocurrency a Boost

Is physical gold leaving digital gold behind?

It`s a question worth asking, with the yellow metal having rallied over the past four trading sessions to reach a new eight-year high, around $1,725 an ounce.


Gold is up 14 percent in 2020, a superlative performance in what has been an annus horribilis for many traditional markets: stocks, oil and industrial metals like copper and aluminum.

And what about bitcoin, seen by many investors as a digital form of gold due to its perceived use as a hedge against inflation? It`s down 4.1 percent on the year. 


The gap between gold and bitcoin returns has frustrated traders who predict that trillions of dollars of coronavirus-related emergency aid and monetary stimulus from the Federal Reserve and other authorities will eventually lead to inflation. 

The International Monetary Fund on Tuesday estimated that the global economy will shrink 3 percent this year, down some 6.3 percentage points below its most-recent projection in January. What`s changed, of course, is the pandemic, which has led to business disruptions and travel cancellations while cratering energy demand and decimating consumer spending.   

“The magnitude and speed of collapse in activity that has followed is unlike anything experienced in our lifetimes,” the Washington-based organization`s chief economist, Gita Gopinath, wrote in a blog post. 


Recessions are often deflationary: Lower demand alleviates upward price pressure on products and services, while surging unemployment makes it harder for workers to demand wage increases. Deutsche Bank says a U.S. government report on Thursday might reveal another eight million jobless claims filed last week, bringing the four-week total to 25 million – at least 10 times worse than any prior comparable period in the past half-century. The unemployment rate would rise to 17 percent, from 3.5 percent as recently as February. 

Federal Reserve officials appear determined to keep inflation at bay. The central bank targets annual price rises of 2 percent, and Vice Chair Richard Clarida told Bloomberg Television that monetary authorities “have the tools to keep the economy out of deflation.” Translation: More money injections are likely. Last week, the Fed`s balance sheet ballooned past $6 trillion for the first time in its 107-year history. 

So why isn`t bitcoin getting the uplift that gold is enjoying? 

One possible reason, according to Jeff Dorman, chief investment officer at cryptocurrency-focused firm Arca Funds, is the physical metal is so much easier to buy. That`s especially true for traditional investors who have long turned to gold as a safe haven during times of economic and market turmoil. 

It`s as plausible an explanation as any, given that bitcoin was launched just 11 years ago, while gold has served as a symbol of riches at least since the Sumerians civilized Mesopotamia. 


According to the World Gold Council, an estimated 197,576 metric tons of gold have been mined throughout history. At 32,150.75 troy ounces per metric ton, and based on the current price, that works out to an outstanding value of about $11 trillion. 

That`s 87 times the outstanding market value of all bitcoin ever produced, currently about $125 billion, according to CoinMarketCap. 

“People that have money, investment capital, they`re definitely more familiar with gold,” says Phillip Meng, who until recently was head of trading for SFOX, a cryptocurrency trading platform. “Gold is definitely preferable to bitcoin at this point because of just the understanding of the asset and access to the asset.”

In extremely uncertain times, people might simply gravitate toward things that are more certain. 

Bitcoin has been touted by some proponents as an uncorrelated asset that can help to increase returns in an investment portfolio while reducing overall volatility and risk. But that hasn`t stopped analysts from spotting occasional periods where bitcoin seems to trade in sync with counterparts from traditional finance, from gold to the Standard & Poor`s 500 Index of U.S. stocks to the dollar`s exchange rate with the Chinese yuan.

In a report published Tuesday, Coin Metrics, a digital-asset research and data firm, ran the math on bitcoin`s correlation with gold. Historically, the correlation hasn`t been strong, wrote the analysts, led by Nate Maddrey. 

But since March 12, the depth of the coronavirus sell-off for bitcoin, the correlation with gold has increased. It`s still pretty weak, currently at less than 0.5, where 1 represents perfect synchronicity, 0 is no correlation at all and -1 is a perfectly inverse relationship:


“These are small pieces of evidence that the correlation between bitcoin and gold may be growing,” according to Maddrey and the Coin Metrics team. “However, bitcoin’s overall correlation with gold is still relatively weak.”

What might be just as interesting, if not more, is that, recently at least, bitcoin does appear to be trading in sync with inflation expectations. The Coin Metrics team analyzed the cryptocurrency`s correlation with the 5-year forward inflation expectation rate, as published by the Federal Reserve Bank of St. Louis. Here`s what that looks like:


It`s a pretty stark up-slope at the far-right end of the chart.

The takeaway?

“Although the short term is still uncertain amidst the global pandemic, this could potentially be a long-term inflection point for bitcoin if federal banks around the world continue to inject money into the global economy at historic rates,” according to the report. 

There may be hope yet for the bitcoin bugs.  

Tweet of the day


Bitcoin watch


Trend: Bitcoin is lacking a clear directional bias for the second day with prices trapped in the $6,600–$7,200 range.

The leading cryptocurrency by market capitalization ran into offers near $7,200 over the weekend, as indicated by the long upper wick attached to Sunday`s candle. However, the ensuing price dip found buyers near $6,600 on Monday. 

The outlook will remain neutral as long as the $600 range is intact. A move above the top end would open the doors for a rally to $7,800 (target as per the measured move method) – a level last seen before the March 12 crash. Alternatively, a range breakdown could encourage sellers and yield a drop to $6,100. 

The bearish scenario looks most likely currently, as bitcoin`s repeated failure to keep gains above the 100-week average of $7,060 over the last two weeks is indicative of bull fatigue. Further, S&P 500 futures are flashing red at press time, alongside losses in the European equities. Investors are selling risk assets, possibly in response to the International Monetary Fund`s forecast of a 3 percent contraction in global GDP in 2020.

That said, losses in both stocks and bitcoin could be limited, with the Federal Reserve injecting an unprecedented amount of liquidity into the system via its open-ended asset purchase program. 

Professional investors are also sitting on record amounts of cash, some of which may make its way into the bitcoin market ahead of the next month`s reward halving. The event, aimed at controlling inflation, will reduce the amount of bitcoin created every 10 minutes or so from 12.5 BTC to 6.25.


Author: Omkar Godbole

Cryptocurrencies Price Prediction: Bitcoin, Ripple & Bitcoin Cash– Asian Wrap April 15

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