So, #BTC may peep above 50-week MA located at $7,700.
However, only a convincing move above $7,700 (weekly close) would signal BTC is out of the woods.
However, only a convincing move above $7,700 (weekly close) would signal BTC is out of the woods.
#BTC Bearish scenario
A drop to $6,900 could be on the cards If BTC fails to capitalize on a bullish setup discussed above and falls below $7,270 in the next 24 hours.
A drop to $6,900 could be on the cards If BTC fails to capitalize on a bullish setup discussed above and falls below $7,270 in the next 24 hours.
📰 Bittrex is launching fiat trading on Thursday for Bitcoin, Tether and TrueUSD. The service will initially be available only to corporate customers in Washington, California, New York and Montana for regulatory reasons, but the firm said it plans to expand the offering to retail investors eventually.
📰US independent rating agency, Weiss Ratings, has published its complete list of 93 cryptocurrency ratings. The company has upgraded its BTC rating to B-. The list shows 14 coins with B ratings including ETH, IOTA, NEO, XRP, STEEM, TRX, and XLM. Fifty-four of the rated cryptocurrencies carry C ratings.
📰 The government of India has formally rejected Venezuela’s state-backed cryptocurrency, the petro, despite an attempt to entice India with a 30% discount.
Indian foreign minister Sushma Swaraj explained, “We cannot have any trade in cryptocurrency as it is banned by the Reserve Bank of India. We will see which medium we can use for trade.”
Indian foreign minister Sushma Swaraj explained, “We cannot have any trade in cryptocurrency as it is banned by the Reserve Bank of India. We will see which medium we can use for trade.”
#BTC
OUTLOOK: Remains on hunt for trendline hurdle
Rebound from $7413 established another higher low (bullish pattern)
50MA has shed bearish bias (now flat lined)
RSI biased bullish
Eyes $7,818 (trendline + 100MA)
Acceptance below $7413 would abort bull view
OUTLOOK: Remains on hunt for trendline hurdle
Rebound from $7413 established another higher low (bullish pattern)
50MA has shed bearish bias (now flat lined)
RSI biased bullish
Eyes $7,818 (trendline + 100MA)
Acceptance below $7413 would abort bull view
#BTCUSD 5-month, 10-month MA bear cross confirmed for the first time since 2014.
So, Long-run outlook remains bearish.
As for today, BTC could test $7,818 a noted above.
So, Long-run outlook remains bearish.
As for today, BTC could test $7,818 a noted above.
#BTC hourly chart
This looks like a rising wedge. A downside break would imply resumption of the sell-off.
Bulls need progress soon.
This looks like a rising wedge. A downside break would imply resumption of the sell-off.
Bulls need progress soon.
CryptoBullet
#BTC hourly chart This looks like a rising wedge. A downside break would imply resumption of the sell-off. Bulls need progress soon.
The wedge is broken downside, next stop levels - 7400 and 7250.
#BTC
OUTLOOK: Bulls need break abv trendline
A 'high volume' break abv falling trendline would signal continuation of rally from $7,040 & could yield rally to $8K
5,10MA bull cross seen
Low volume is cause for concern
Repeated rejection at trendline could prove costly
OUTLOOK: Bulls need break abv trendline
A 'high volume' break abv falling trendline would signal continuation of rally from $7,040 & could yield rally to $8K
5,10MA bull cross seen
Low volume is cause for concern
Repeated rejection at trendline could prove costly
#EOS
OUTLOOK: Could rise to $19 in few days
Daily chart shows consolidation followed by a high volume bull flag breakout.
The immediate resistance at $19 could put to test in a couple of days.
Only a break below $10.33 (May 24 low) would revive a bearish outlook.
OUTLOOK: Could rise to $19 in few days
Daily chart shows consolidation followed by a high volume bull flag breakout.
The immediate resistance at $19 could put to test in a couple of days.
Only a break below $10.33 (May 24 low) would revive a bearish outlook.
Coastal Town Claims to be First “Digital Currency-Friendly” in Australia
Agnes Water, a beach town situated five hours north of Brisbane International Airport, has proclaimed itself to be the first “digital currency-friendly” tourist town in Australia. Over 30 businesses now accept cryptocurrency as a form of payment in Agnes Water – despite being home to just over two thousand residents.
Agnes Water, a beach town situated five hours north of Brisbane International Airport, has proclaimed itself to be the first “digital currency-friendly” tourist town in Australia. Over 30 businesses now accept cryptocurrency as a form of payment in Agnes Water – despite being home to just over two thousand residents.
SBI Launches Japan's First Bank-Backed Crypto Exchange
Japanese financial giant SBI Holdings announced that its in-house cryptocurrency exchange is now live, after a months-long delay due to security concerns.
Called VCTRADE, the service is currently only open for users who have pre-registered with the platform in October 2017. VCTRADE will focus on the trading of XRP after which the exchange will sequentially add supports for bitcoin and bitcoin cash, though an initial timeline for that remains unclear at this stage.
Japanese financial giant SBI Holdings announced that its in-house cryptocurrency exchange is now live, after a months-long delay due to security concerns.
Called VCTRADE, the service is currently only open for users who have pre-registered with the platform in October 2017. VCTRADE will focus on the trading of XRP after which the exchange will sequentially add supports for bitcoin and bitcoin cash, though an initial timeline for that remains unclear at this stage.
#EOSBTC
OUTLOOK: Bullish
Bull flag breakout followed by a higher low - higher high set up indicates cope for a rally
OUTLOOK: Bullish
Bull flag breakout followed by a higher low - higher high set up indicates cope for a rally
Bitcoin looks primed for a move to $8,000, but low trading volumes point to the risk of a bull trap.
The bullish outside-day candle followed by a bullish crossover between the 5-day and 10-day moving averages (MAs), and an upside break of the falling trendline, indicate scope for a rally to $8,000.
However, the decline in trading volume over the last seven days puts a question market on the sustainability of the corrective rally from $7,040 (May 29 low) to $7,779 (Sunday's high).
The bullish outside-day candle followed by a bullish crossover between the 5-day and 10-day moving averages (MAs), and an upside break of the falling trendline, indicate scope for a rally to $8,000.
However, the decline in trading volume over the last seven days puts a question market on the sustainability of the corrective rally from $7,040 (May 29 low) to $7,779 (Sunday's high).