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TenX Crypto Debit Card Ordered and AUD/USD Shorts Setting Up

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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:

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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:

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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

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While the intraday chart shows a nice coiling pattern, just itching to break out of that ascending triangle:

PAY/USD Hourly

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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

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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

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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

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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

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Nothing wrong with being risk averse on your entries. Now we wait.

✌🏻.




@forexbrokr | Steemit Blog

Market Analyst and Forex Broker.

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Twitter: @forexbrokr Instagram: @forexbrokr

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TenX Crypto Debit Card Ordered and AUD/USD Shorts Setting Up was published on and last updated on 03 May 2018.