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2019 Singapore Fintech Festival Will Be Held Soon

From the birth of Bitcoin in 2008 to the rising popularity of Ethereum in 2014 until now, the concept and practice of blockchain and digital assets have become more and more popular.

The blockchain is called as a machine that transfers trust and value, combining financial technologies such as the Internet of Things (IoT) and big data on driving the global economic transformation from the era of information into the era of internet value. In this era, asset chaining, traditional asset migration, and equity chaining have become the trend of the times. Accordingly, global digital asset trading has become a new generation of the billion-dollar market.

From 11th to 13th November, the 2019 Singapore Fintech Festival will be held in the Expo Convention and Exhibition Center in Singapore. The conference, hosted by the Singapore Financial Supervisory Authority and co-organized by the Singapore Banking Association, is expected to reach more than 40,000 participants and will be the largest industry event in Singapore as of 2019. The summit will focus on cutting-edge topics such as blockchain and other financial technology clusters to empower the financial industry and promote the migration of traditional financial industries.

An enormous amount of well-qualified projects, enterprises, and personage in the fintech field will attend the conference and focus on discussing the future of fintech. Among them, BitTok ( is a global digital asset trading ecosystem based in Singapore that will be presented as a star project during the conference and has set up its very own exhibition booth.

BitTok is in line with the trend from time to time, enabling financial technology + financial trading industry, committed on providing intelligent, secure, reliable, convenient, professional trading space, and digital asset trading services for global digital assets, based on a large global user node. Thus, creating an efficient, transparent, fair, and win-win global ecosystem of digital asset trading.

Singapore has always been a financial centre in Southeast Asia and one of the most important financial centres in the world. With the rapid development of digital assets, Singapore has gradually evolved into an Asian digital asset centre based on Singapore’s open policy environment and high innovation as well as entrepreneurial atmosphere. However, the transparency of digital assets remains incompatible and there are pain points from the investor perspective.

During the summit, BitTok and a number of guests will use the current industrial pain points as a starting point to jointly explore solutions to improve the digital asset trading industry, promote market price discovery, function development, measure and evaluate systemic and non-systematic risks in order to promote Singapore’s progress as an international, high quality digital asset financial center that is closely related to every investor.

Thanks to its excellent service system, BitTok has community user nodes all over the world. Brings together digital asset enthusiasts and believers from all over the world. In terms of trading, BitTok supports dozens of trading pairs based on security, simplicity and ease of use. Mainstream currencies such as BTC, ETH and EOS will also be included.

Besides, BitTok is also committed on helping users to achieve value creation. The launching of mine pool and value-added plans have also been widely accepted by users all over the world and in the future, BitTok will also introduce more value-added plans.

In 2020, BitTok’s financial product system will be more perfect. Gradually support Binance, HUOBI, OKex and other mainstream exchange interfaces, users will be able to automatically obtain position data, 24-hour trading, free operation, two-way trading and other functions in BitTok.

At the same time, BitTok will also develop the market information section, allowing users to view the latest data of the global mainstream exchanges, real-time updates on the price of major currencies, and the transmission of information and information value. Through the creation of a complete trading ecosystem, users can complete the complete cycle management of discovery-experience-sharing.

At Singapore Fintech Festival, BitTok will also showcase ecological services, product development, technology development progress, and development planning for all participants. Taking this as an important timing node, BitTok will achieve higher achievements in the future and promote the process of value transfer and value innovation in the global blockchain application.

Svetlana Soroka , 2019-11-09 15:47:40 ,

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NewsBlock © 2019 - 2020 All rights reserved.

NewsBlock © 2019 - 2020. All rights reserved.

While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.

Related Reading: Analyst: Bitcoin Price Likely to Fall to Low-$8,000s as Chart Remains Weak

A brief aside: A fractal, in the context of technical analysis and financial markets anyway, is when an asset’s price action is seen during a different time. This form of analysis isn’t that popular, but it has proven to be somewhat valuable in analyzing Bitcoin.

One recent fractal popularized by a well-known cryptocurrency trader is implying that BTC is going to return to the low-$7,000s in the coming days.

Bitcoin Fractal Implies Retracement to Low-$7,000s

A well-known crypto trader going by “Tyler Durden” on Twitter recently posted the chart below, which shows that a Bitcoin price fractal may be playing out. The fractal has four phases: horizontal consolidation marked by one fakeout, a surge above the consolidation phase, a distribution, then a strong drop to fresh lows.

If the fractal plays out in full, BTC could reach the low-$7,000s again, potentially as low as $7,100. This would represent a 20-odd percent collapse from the current price point of $8,800.

It isn’t only a fractal that is hinting Bitcoin has the potential to visit its lows. As we reported on Saturday, Bloomberg believes that if the GTI Vera Convergence Divergence Indicator flips red, a downtrend could push the cryptocurrency back to $7,300.

Related Reading: Stephen Colbert Pokes Fun at Bitcoin in Monologue: Mainstream Gone Wrong?

Can Bulls Step In?

But again, many believe it is irrational to have such bearish interpretations of the cryptocurrency’s chart at the moment. As reported by NewsBTC earlier, Popular crypto trader Mayne recently noted that the “people waiting for $6,000” are irrational. He quipped that Bitcoin retracing and consolidating after its fourth-biggest bull move in history ($7,300 to $10,500, a 42% gain) is perfectly par for the course, but noted that it’s totally possible we can go lower from $8,800.

The medium-term technicals support this.

Trader and CoinTelegraph contributor FilbFilb found that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses.

Also, a Bitcoin price model created using Facebook Prophet machine learning found that the leading cryptocurrency is likely to end the year at just over $12,000. What’s notable about this model is that it called the price drop to $8,000 months in advance, and forecasted a ~$7,500 price bottom for BTC.

To put a cherry on the cryptocurrency cake, Crypto Thies observed that when Bitcoin bottomed at $7,300, it bounced decisively off the 0.618 Fibonacci Retracement of the move from $3,000 to $14,000, which correlates with the two-week volume-weighted moving average. He added that summer 2019’s consolidation was marked by Bitcoin flipping major resistances into support levels, implying that a bullish reversal and subsequent continuation is likely possible in the coming weeks.

Featured Image from Shutterstock

Nick Chong , 2019-11-10 12:00:38

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