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Microsoft has hinted that its upcoming game streaming service xCloud, will be officially launched next year. The company has also announced a few new games that will be launched along with xCloud and will also be available on the current Game Pass feature available.

At the company’s XO19 Xbox event currently ongoing in London, Microsoft made the revelation about xCloud, adding further details including that all xCloud subscribers will have access to the over 100 games available currently on Game Pass whether on PC or on its Xbox consoles.

This unveiling is coming just as Google confirmed its own upcoming cloud gaming service, Stadia, which is expected to be launched in just a few days. This will also most likely be the beginning of what will eventually be a drawn-out battle and survival of the fittest, between both companies and their game streaming platforms.

It is already thought by many that the fact that Microsoft already has almost two decades of experience with gaming since Xbox was launched in 2001, is more than enough of an edge against Stadia, which will be Google’s first entry into game streaming.

Microsoft has however not said anything specific about launch dates for xCloud, or how much subscription will cost. The new game streaming platform is expected to be available for Windows 10 PCs as well and it is rumored that this part is the only thing keeping Microsoft from any specifics. Regardless, it is thought that the launch will happen in a few months, a lot earlier in 2020 than later.

xCloud is however not launching with any support for iPad or the iPhone. However, the company is apparently working on a prototype app that will allow easy integration and this prototype is onground at X019.

At the same time, Microsoft didn’t seem eager to let people try it out. It has also been reported that Google’s Stadia will also be launching without support for iOS. iOS policies are known to be a lot more strict than other operating systems and this is probably why both platforms do not yet support it.

Microsoft has also decided to expand support for xCloud controllers. This means that apart from the wireless Xbox One controller, xCloud will also surprisingly be released with support for Sony’s DualShock 4 PlayStation controllers including products from Razer as well. With this, gamers who are not very used to Xbox controllers can enjoy xCloud offerings and even get to play Microsoft-owned games such as Forza or Halo, with the Dualshock 4 controllers they’re already used to.

The company also plans to spread the xCloud preview to other countries such as Japan, Canada, India and some parts of Europe. While no dates have been set for any of these, Microsoft seems to be quite particular about the Indian market. As large a country as India is especially in terms of population, it’s still mostly dominated by PlayStation.

At the moment, its unclear whether or not this announcement or the Sony interconnectivity, is strong enough to do anything for Microsoft stock (MSFT) currently at $148.06, up from its previous $147.31 close.  In 2019 alone, MSFT boasts of more than 35% year to date (YTD) returns and is even expected to finish the year much higher.

Tolu Ajiboye , 2019-11-15 14:14:33 ,

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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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