TenX Crypto Debit Card Ordered and AUD/USD Shorts Setting Up
Hey guys,
With Steemit and crypto engulfing my every day life more and more, I’ve been looking at ways to integrate crypto more into my every day life.
I’m earning part of an income here in crypto, but I’m still having to go through STEEM > BTC > AUD via three different websites and exchanges. Multiple steps that are quite frankly a pain in the arse and something I want to streamline.
Well this is where TenX can help me out. Something I’ve focussed on in the cryptocurrencies section of today’s blog below.
With my GBP/USD shorts now closed, but the USD still weak as piss, I also take a look at AUD/USD shorts in what is setting up to possibly be a nice continuation play.
Let’s gooooo!
😎.
Cryptocurrencies Markets
As I spoke about above, as crypto becomes more ingrained into my lifestyle, I need to make things easier for myself. This is where TenX comes in.
This is the TenX wallet app where right now, you can store your crypto and easily see your transaction ins and outs:
But the cool part is that TenX have integrated a debit card which is linked to your wallet and easily allows you to make real world purchases with crypto.
I ordered mine today and I’m itching to get my hands on it:
This is the easiest and most promising solution to integrating crypto with the real world that I’ve found and quite frankly, I’m really excited about it!
While TenX is simply a wallet used for holding and spending your regular cryptocurrencies like Bitcoin and Litecoin, they do have their own token called PAY.
The PAY token will be used to give rewards for using the TenX card in sort of a kickback sceme from the profits made on the branded Visa card.
The higher time frame chart looks like it’s putting in a bottom:
PAY/USD Daily
While the intraday chart shows a nice coiling pattern, just itching to break out of that ascending triangle:
PAY/USD Hourly
With the overall cryptocurrency market doing really well at the moment, led by Bitcoin as you can see in the following chart, TenX certainly seem to be getting their shit together at the right time:
BTC/USD Daily
I have been speaking about price pulling back to this blue zone for a Bitcoin buy entry, but it doesn’t look like it’s going to give it to us:
BTC/USD 4 Hourly
The way that price has broken and retested that trend line FINALLY looks like we’re about to see a decent bullish run.
Exciting times ahead!
Forex Markets
Ending things up with a look at Forex markets and the fact that I actually featured AUD/USD in my most recent weekly forex market preview blog, means I’ll continue the trading narrative today.
In that weekly preview blog, I spoke about how weak the pair was and with this little daily rip up into resistance, I’m tempted to short.
Take a look at the level I’m talking about on the daily below:
AUD/USD Daily
So with price coming back up into this zone, as always I want to see this level hold and then trade a short term rally back into previous support turned resistance.
There are plenty of intraday points on the following hourly chart that could start the selling but I don’t know which one yet, so there’s no rush:
AUD/USD Hourly
Nothing wrong with being risk averse on your entries. Now we wait.
✌🏻.
@forexbrokr | Steemit Blog
Market Analyst and Forex Broker.
Twitter: @forexbrokr
Instagram: @forexbrokr
hello interesting friend your information about this new wallet. I am from Venezuela I would like to know if you have knowledge of other pages on the internet that also work as steemit, I would appreciate your help bye
Hey, thanks for stopping by and reading.
I’m happy to try and help if you have any questions about other pages. Ask and I’ll see what I can do for you 🙂.
Happy to see the AUD fall while invested in crypto and not earning AUD to be honest lol.
Thanks for the charts.
Haha that’s pretty much how I subconsciously feel.
Too bad oil is ripping faces off and I can’t escape putting petrol in my car too...
haha for me no car in China and I have some Oil stocks so I'm all for oil rising!
We are a joke with our petrol though, still remember the laughably high price when WTI was around $50
Dear SIR @forexbrokr ,First of all, thank you very much for posting so beautiful, we generally have very little idea about Bitcoin, many of us do not know Bitcoin without working with Bitcoin,
SIR was very good for your posting, because you provided the right information through which many will benefit, thank you so much for posting so beautiful and will help others by providing such information in future.
After knowing some things then bitcoin should start working,
For example: ...... Bitcoin is the sign currency traded through the Open Source Cryptographic Protocol. There are no financial institutions, regulatory bodies, or fixed houses for Bitcoin transactions. All processes of Bitcoin are completed online through an open source software or through a web site. In 2008, Satoshi Nakamoto introduced this currency system.
So if you share some things with you please do not (-upvote) please, because by this I will get a lot of my rank rank #upvote please.
You get downvoted because you copy and paste this unrelated, long comment to everyone begging for votes.
Actually try engaging with people and talk about the content you’re commenting on. Right now you are nothing but a spammer.
Bye.
If TenX ever receives their banking license so that they can issue cards, or they find another card issuer then they will be great.
Some people have been waiting since June for a card. I received a card in December, but soon after the card issuer revoked the cards... Hopefully the TenX purgatory will soon end.
Yeah, I’ve watched videos from TenX on the problems with the last card issuer and they seem genuine in what they’re doing to get new ones out. Did you get to use yours at all? Was it easy?
You can see that the PAY price has taken a big hit through all the problems with cards and potential licenses across the globe, but it seems like they have all the things required now and I’m confident in them going forward.
I think I received mine only about a week before it was invalid, so unfortunately i didn't get to use it. I do have the app on my phone which seems easy enough.
I hope TenX will be able to get their banking license soon. If so it will be a big game changer. I'm just not very hopeful that it will happen soon.