Bitcoin analysis for 18/12/2018

Facebook has posted five new items related to the Blockchain technology on its careers webpage in the last three weeks, two of which were added on December 5 and 6.

Vacancies open to candidates include two positions as a software engineer, two data researchers, and a data engineer. All of them are full-time positions at the company's headquarters in Menlo Park, California.

In the job description for the Blockchain engineer in the Facebook Blockchain Data Engineering team, the announcement describes a position as technically and intellectually demanding job that "will have a huge global impact."

Information about the recently added position - Product Marketing Lead for Blockchain - determines that the team is crucial to the company's mission of solving problems and building communities, and especially "discovering the possibilities that Blockchain will bring."

While detailed information on the planned - or existing - Blockchain activities on Facebook are kept secret, the announcement "Data researcher, Blockchain" indicates that: "We explore areas of interest in all aspects of Blockchain technology. Our overriding goal is to help billions of people get access to things they do not have right now - they can be fair financial services, new ways to save or new ways to share information".

Preferred qualifications include experience with distributed processing (Hive / Hadoop) "(for the" Data researcher, Blockchain ") and experience in coding in various languages, such as" C, C ++, Java, C #, Perl, PHP, Hack and/or Python.

As reported in October, the average earnings of the engineer Blockchain increased to the range of 150,000 - 175,000 dollars a year, about 400% more than in 2017, according to the report Hired "2018 State of Salaries Report." This report spoke about the demand driven by the interest of global technological giants, such as Facebook, Amazon, IBM and Microsoft, all of which are currently looking for specialists from the newly developing sector.

Let's now take a look at the Bitcoin technical picture at the H4 time frame. The market has broken above the trend line and rallied towards the technical resistance at the level of $3,595 but did not break through it yet. Currently, the price is consolidating around the level of $3,452 which is the local technical support. The momentum is strong and positive, but to continue the move higher, the bulls need to break through the level of $3,595.


The material has been provided by InstaForex Company -