#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).
On the 4-hour chart, trading volume has picked up as prices fell back to $7,549 from the high of $7,764.
The anemic trading volume during the price rally and the later increase in trading volume during negative price action indicates a high probability of a downside break of the rising wedge pattern. In such a case, bitcoin risks falling back to last week's low of $7,040.
The anemic trading volume during the price rally and the later increase in trading volume during negative price action indicates a high probability of a downside break of the rising wedge pattern. In such a case, bitcoin risks falling back to last week's low of $7,040.
View:
The upside break of the falling trendline has opened the doors for a rise to $8,000. However, low volumes may indicate a false breakout.
A downside break of the rising wedge seen in the 4-hour chart would allow a drop to $7,040.
Only a high-volume break above $7,700 could yield a sustainable rally to $8,000.
The upside break of the falling trendline has opened the doors for a rise to $8,000. However, low volumes may indicate a false breakout.
A downside break of the rising wedge seen in the 4-hour chart would allow a drop to $7,040.
Only a high-volume break above $7,700 could yield a sustainable rally to $8,000.
Ripple Pumps $50 Million Into Academic Research on Blockchain
Ripple, in cooperation with 17 leading universities, announced a new initiative to support and accelerate scientific research, technical developments and innovations in blockchain technology, cryptocurrency and digital payments.
Ripple, in cooperation with 17 leading universities, announced a new initiative to support and accelerate scientific research, technical developments and innovations in blockchain technology, cryptocurrency and digital payments.
#BTCUSD
OUTLOOK: Neutral
False breakout has neutralized the immediate bullish outlook.
A drop below $7,260 (May 24 low) would confirm the corrective rally has ended, would expose triangle support of $6,985.
Break abv $7,780 would revive bull outlook.
OUTLOOK: Neutral
False breakout has neutralized the immediate bullish outlook.
A drop below $7,260 (May 24 low) would confirm the corrective rally has ended, would expose triangle support of $6,985.
Break abv $7,780 would revive bull outlook.
#XRPUSD
OUTLOOK: Risks bearish revival
Acceptance below $0.63 would add credence to Monday's bearish outside-day candle & failure to retake rising trendline, confirming a bearish revival
Bulls need progress soon.
Resistance: $0.705, $0.75
Supp: $0.57, $0.54
OUTLOOK: Risks bearish revival
Acceptance below $0.63 would add credence to Monday's bearish outside-day candle & failure to retake rising trendline, confirming a bearish revival
Bulls need progress soon.
Resistance: $0.705, $0.75
Supp: $0.57, $0.54
#XRPBTC
OUTLOOK: BULLISH
Narrowing price range ended with bull breakout on June 2.
RSI is biased bullish.
5,10MA trend north and 5, 50MA bull cross seen.
Could rise to 0.00010 in a few days.
OUTLOOK: BULLISH
Narrowing price range ended with bull breakout on June 2.
RSI is biased bullish.
5,10MA trend north and 5, 50MA bull cross seen.
Could rise to 0.00010 in a few days.
CryptoBullet
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