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Reports reveal that Dell Technologies Inc plans to offer its business clients more flexible and on-demand buying options for various products.

The latest reports reveal that Dell Technologies Inc plans to offer its business clients more flexible and on-demand buying options for various products. Some of the products featured in the new plan include personal computers and servers. This move is believed to aim at countering the lure of cloud services offered by Microsoft Corporation and Inc.

Customers can now use Dell’s hardware on their consumption. They can use it as a service or via a subscription called the Round Rock, a Texas-based company. The company made this announcement on November 12.

Dell together with its hardware peers has come under pressure to provide corporate clients extensive flexibility and simplicity of infrastructure cloud services. Some of the public cloud behemoths like Microsoft Azure and Amazon Web Services have reduced the demand for data-center hardware.

The emergence of cloud services has made more businesses to look at renting computing power as a viable solution instead of investing in their local server farms. Rivals like Hewlett Packard Enterprise Co. Announced in June that it would shift to a subscription model by 2022.

According to the Gartner Inc research firm, around 15% of data-center hardware deals will feature pay-per-use pricing in 2022. That will represent a significant increase from 1% in 2019 as stated by Dell. The company’s senior vice president of product marketing, Sam Grocott, added:

“We really think it’s an important time for Dell to simplify the way we offer our portfolio and meet customers’ needs. This type of a model — as a service — was born in the cloud. As organizations have leveraged this model in the past, they have come to like it.”

Dell is striving to make it easier for its clients and users to upgrade their hardware because they do not need to spend a lot of money in the form of capital expenditures upfront. Instead, they can pay smaller amounts monthly to cater to the company’s operating expenditures. Thus, customers pay for the cumulative storage or computing power that they use for this consumption program.

Companies may also choose to hire Dell to manage their hardware infrastructure entirely on their behalf. Although Dell’s total sales jumped 2% in the quarter ending August 2, demand for its networking gear and servers plunged 12% in a reversal from 2018. Last year, there was unprecedented customer interest in the products. 

The company, according to Grocott, still hopes that most of the users and customers will pay upfront for the products in the coming three to five years.

Wanguba Muriuki , 2019-11-13 12:23:16 ,

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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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