#BTC
OUTLOOK: Bearish
Closed below 50DMA and 50% Fib retracement, signaling continuaton of sell-off from $9,990.
5,10 MA and RSI biased bearish.
5-50 bear cross ahead.
Looks set to test $7,800.
Move abv 10DMA would abort bearish view.
OUTLOOK: Bearish
Closed below 50DMA and 50% Fib retracement, signaling continuaton of sell-off from $9,990.
5,10 MA and RSI biased bearish.
5-50 bear cross ahead.
Looks set to test $7,800.
Move abv 10DMA would abort bearish view.
#ETHBTC
OUTLOOK: Bearish
Bearish RSI divergence
Ascending trendline breached
5,10 MAs are beginning to rollover in favor of the bears.
Could drop to 0.08-0.077 in next couple of days.
Close abv 0.0862 would abort bearish view.
OUTLOOK: Bearish
Bearish RSI divergence
Ascending trendline breached
5,10 MAs are beginning to rollover in favor of the bears.
Could drop to 0.08-0.077 in next couple of days.
Close abv 0.0862 would abort bearish view.
📰 Switzerland is formally considering the possibility of a state-backed cryptocurrency.
The Federal Council of the Government of Switzerland has requested a report on the risks and opportunities of introducing its own state-backed digital currency, or so called “e-franc”, Reuters reported.
The Federal Council of the Government of Switzerland has requested a report on the risks and opportunities of introducing its own state-backed digital currency, or so called “e-franc”, Reuters reported.
#BTC: recovery from the intraday low of $7,925 could be associated with oversold conditions shown by the relative strength index.
The broader trend remains bearish
The broader trend remains bearish
#BTC 4-hour chart:
The bullish divergence on the RSI simply became invalid without yielding a notable corrective rally. Such exceptions have been observed when the downtrend is very strong.
The bullish divergence on the RSI simply became invalid without yielding a notable corrective rally. Such exceptions have been observed when the downtrend is very strong.
Ethereum Could Be the Next Apple: Steve Wozniak
Blockchain platform Ethereum could be the next Apple, one of the iconic tech company’s co-founders said this week.
According to Forbes, Steve Wozniak made this bullish prediction in front of 5,000 people at this week’s WeAreDevelopers conference in Vienna.
“Ethereum interests me because it can do things and because it’s a platform,” he said, adding that it could prove to be as influential as Apple over the long-term.
Blockchain platform Ethereum could be the next Apple, one of the iconic tech company’s co-founders said this week.
According to Forbes, Steve Wozniak made this bullish prediction in front of 5,000 people at this week’s WeAreDevelopers conference in Vienna.
“Ethereum interests me because it can do things and because it’s a platform,” he said, adding that it could prove to be as influential as Apple over the long-term.
#BTC
OUTLOOK: Neutral
Recovery from $7,925 has neutralized immediate bearish outlook
A convincing move above the inverse H&S neckline of $8,465 would open doors for $9K.
Failure to hold above $8,170 could yield a dip below $8K.
OUTLOOK: Neutral
Recovery from $7,925 has neutralized immediate bearish outlook
A convincing move above the inverse H&S neckline of $8,465 would open doors for $9K.
Failure to hold above $8,170 could yield a dip below $8K.
#BTC Daily chart shows low odds of a inverse H&S breakout
Ysday's doji candle with long upper shadow shows sellers came-in strong above the 50-day MA and potential for BTC to trade to the downside back in the direction of the Daily trend.
5,10 DMAs are biased bearish.
A close today below $8,140 would add credence to yesterday's doji and open doors for a deeper sell-off below $8K.
Ysday's doji candle with long upper shadow shows sellers came-in strong above the 50-day MA and potential for BTC to trade to the downside back in the direction of the Daily trend.
5,10 DMAs are biased bearish.
A close today below $8,140 would add credence to yesterday's doji and open doors for a deeper sell-off below $8K.
#BTC
OUTLOOK: Neutral
Inverse H&S breakout on 4hr chart
Daily chart shows doji and bullish follow-through
Indicates -ve trend is losing steam
But low volume is cause for concern
Outlook neutral between 50-day MA & 100-day MA
OUTLOOK: Neutral
Inverse H&S breakout on 4hr chart
Daily chart shows doji and bullish follow-through
Indicates -ve trend is losing steam
But low volume is cause for concern
Outlook neutral between 50-day MA & 100-day MA
#BTC hourly chart shows a bearish price RSI divergence, RSI has also breached the ascending trendline.
Could yield a drop to 200-hour MA located at $8380.
Could yield a drop to 200-hour MA located at $8380.
#BTC
OUTLOOK: Neutral
Failed inverse H&S breakout + ascending trendline breached, could drop to $8,100.
Bear grip will strengthen if BTC drops below the falling trendline support.
OUTLOOK: Neutral
Failed inverse H&S breakout + ascending trendline breached, could drop to $8,100.
Bear grip will strengthen if BTC drops below the falling trendline support.
#BTC daily chart
Bullish: 5,10DMA has bottomed out, so break above $8,408 would allow re-test of $8,644. A break higher would expose 100DMA of $8,858
Bullish: 5,10DMA has bottomed out, so break above $8,408 would allow re-test of $8,644. A break higher would expose 100DMA of $8,858
📰 A Bank In Argentina Is Now Using Bitcoin for Cross-Border Payments
Argentina's Banco Masventas has revealed that it will enable customers to send cross-border payments using bitcoin.
A partnership with Latin America-focused exchange startup Bitex, founded in 2014, the news finds the regional bank using bitcoin as a payments rail in international transactions as an alternative to Swift.
Bitex chief marking officer says this marks the first time that a domestic bank has adopted bitcoin for cross-border payments.
Argentina's Banco Masventas has revealed that it will enable customers to send cross-border payments using bitcoin.
A partnership with Latin America-focused exchange startup Bitex, founded in 2014, the news finds the regional bank using bitcoin as a payments rail in international transactions as an alternative to Swift.
Bitex chief marking officer says this marks the first time that a domestic bank has adopted bitcoin for cross-border payments.