HEADLINES OF THE DAY
- A company from Great Britain acquired the rights to the "Bitcoin" trademark and now threatens legal claims to entrepreneurs who use this brand
One of the leading bitcoin-wallets Xapo added support for SegWit. The share of SegWit-transactions increased to almost 40%
The UK financial regulator is investigating 24 crypto-currency companies. It seems that the cryptoscamers took seriously
The head of the Central Bank of the Russian Federation Elvira Nabiullina said that she would not allow the circulation of crypto currency in the country's financial markets. Previously, though not interfere, and now what?
The media writes that the BitTorrent platform will soon replace the owner. The buyer - the creator of the crypto currency TRON (TRX) Justin San
Czech energy company "Pražská plynárenská" with a customer base of 420 thousand people. from next month starts accepting payment for gas in bitcoins
$BTC Update, bearish close likely. The current weekly candle will likely close below (50week) MA $7609 for the first time since oct 2015. RSI rolled over in favor of bears.
I was looking into BTC - USD quite a bit right now. Since the yearly low and it's bounce back we are in channel between 5900$ and 12000$. In this channel the fibs lines are almost a law how much they are respected. As well as the over all uptrend line, which many people would set a little higher I see no real confirmation to do so.
Therefore, the trend line I see would be confirmed now at 6800$ not 7200$ as many people say. The 7200$ is a part of the 23.6% fibs line, which is on 7400$ but has a range of 2-300 in each direction. If this trend line t 6800 does not have a big bounce back, we will come shortly in the previous regions of 6000-5900$ where it is again STRONGLY OVERSOLD, so from there a huge bounce back will come.
ANYHOW, it is very likely that we will stay at the displayed 23.6% fibs line at 7400$ with a range of 2-300$ for a few days or even a week, and start the next upwards movement from there. There is right now real reason to go back to the very bottom.
The news are mostly neutral and we have touched the space of 10k just a few days ago so it is easier to break the 10k the next time we come near it, what in my opinion will be very soon. We have been long enough in this channel and it is time to leave it and start testing new highs.
Exchange rate of major currencies:
Bitcoin 7561 $ (↑ 0.83%)
Bitcoin Cash $ 1037 (↑ 1.28%)
Ethereum 605 $ (↑ 1.16%)
Ripple 0,62 $ (↑ 1,93%)
Litecoin 120 $ (↑ 0,67%)
EOS $ 12.77 (↑ 3.95%)
Capitalization of all crypto-currencies: $ 337 billion
TODAY'S EVENT 27.5.2018
ShieldCure (ID) - Token Sale
Zitoken (ZCN) - ICO Presale -25%
SelfSell (SSC) - APP Release
Ethereum Classic (ETC) - New Website Release
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