The Dood Report

The Days Cryptocurrency News & Headlines

Nothing here is meant as investment or financial advice. Please seek a duly licensed professional for investment advice, not some guy on the internets who refers to himself as The Dood. Posted strictly as parody and personal opinion.

Bitcoin Chart

If this sell-off continues it's likely that we could retest support around $7500. I'm currently watching the four hour chart and if we close beneath the $8025 I think a retest of the $7500 support level is likely.

I collaborate this looking at the 1 hour also. We're currently resting just under the current level of support now turned resistance. That long descending wick on the red candle is also a bit bothersome.

Many alt prices followed btc down. I'm currently waiting for BTC to rest above a nice level of support and may start to look into refilling postions of altcoins. Already started buying back a little BNB and LTC.

The Days Headlines

Bitcoin Dips Below $8K as Price Sheds $700 in Two Hours https://www.coindesk.com/bitcoin-below-8000-price-sheds-700-in-two-hours

Binance Begins Testing Its GBP Stablecoin https://sludgefeed.com/binance-begins-testing-gbp-stablecoin/

LocalBitcoins Reportedly Eliminates BTC-Cash Trades, Ends Integration for Crypto Shoppers on Bitrefill https://dailyhodl.com/2019/06/03/localbitcoins-reportedly-eliminates-btc-cash-trades-ends-integration-for-crypto-shoppers-on-bitrefill/

Block.one’s Dan Larimer Claims EOS Accounts for More than 60% of all Blockchain Transactions https://bitcoinexchangeguide.com/block-ones-dan-larimer-claims-eos-accounts-for-more-than-60-of-all-blockchain-transactions/

Ex-Polychain Partner Harry Greenhouse Sues Company Over Disagreement https://bitcoinexchangeguide.com/ex-polychain-partner-harry-greenhouse-sues-company-over-disagreement/

Tron CEO Justin Sun drops $4.6 million on private lunch with Warren Buffett https://decrypt.co/7287/tron-justin-sun-warren-buffett

Bitcoin [BTC]: Whales move $46 million in BTC across three prominent exchanges as price hovers below $9,000 - https://ambcrypto.com/bitcoin-btc-whales-move-46-million-in-btc-across-three-prominent-exchanges-as-price-hovers-below-9000/

CRED: The DeFi App That is Disrupting Lending
https://www.coinspeaker.com/cred-defi-app-lending/

New Social Media Platform to be Launched on EOS by Block.one https://cryptodaily.co.uk/2019/06/social-media-platform-launched-eos-blockone

John McAfee To Roll Out ‘Freedom Coin’ Cryptocurrency This Fall https://cointelegraph.com/news/john-mcafee-to-roll-out-freedom-coin-cryptocurrency-this-fall

4 Things to Look Forward to at Litecoin Summit 2019 - The Merkle Hash https://nulltx.com/4-things-to-look-forward-to-at-litecoin-summit-2019/

Viberate Review: The Blockchain Based Live Music Ecosystem https://www.coinbureau.com/review/viberate-vib

Binance Cryptocurrency Exchange Testing British Pound Stablecoin https://cointelegraph.com/news/binance-cryptocurrency-exchange-testing-british-pound-stablecoin

Steemit

Hardfork 21 - Steem Proposal System (SPS) + Economic Improvement Proposal (EIP) — Steemit https://steemit.com/hf21/@timcliff/hardfork-21-steem-proposal-system-sps-economic-improvement-proposal-eip

Why I Would Support Inflation Funding the SPS (Steem Proposal System) — Steemit https://steemit.com/busy/@whatsup/why-i-would-support-inflation-funding-the-sps-steem-proposal-system

AT&T Now Accepts Bitcoin, Is This What Adoption Looks Like? by Kieran Smith — Steemit https://steemit.com/bitcoin/@bravenewcoin/at-and-t-now-accepts-bitcoin-is-this-what-adoption-looks-like-by-kieran-smith

Thanks for reading and happy trading!

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