The Daily Dimes: A CryptoNews Publish 07/11/18
Fwd: Added direct links to charts in Trading section for easier viewing option.
Why I'm making this report.
Due to the encouragement of friends I decided to start making my personal blog of information I accumulate everyday, public.
As a result, I found that I've been receiving support for the time and effort spent to format, commentate on, and share out this information.
And as people have enjoyed it I've enjoyed continuing to share it.
How does the Daily Dimes work?
In this publication I post an aggregate of news information that I come across in the cryptospace every day. There are two sections found below:
- A bulletin section, where I cover brief descriptions of noteworthy news and include updates to existing stories with sources for further reading.
-and-
- A trading report section, where I record confluent signals and information from my
paid memberships, private groups, and personal trades that I'm monitoring, as well as where I store my own market analysis.
Today
- 3 Bulletins
- 0 Updates
- 2 Trading Section Reports
Follow on Twitter @DD_Cryptonews
- Ledger has added an app for it's hardware wallet: Nice news for the hardware wallet that has made a positive name for itself around security, but has been strongly lacking on the UI/UX side of things. Installation gives a guided prompt, and they are working to integrate manage and viewing of ETC20 tokens for their next step.
Source
- Peoples Bank of China is apparently getting ready to go HAM on it's opposition of ICO's in the future: Indicated by the release of a warning that,
"Any new financial product or phenomenon that is not authorized under the existing legal framework, we will crush them as soon as they dare to surface."
As such China is still following it's outright ban of ICO's enacted late 2017.
Source
- HBUS opens as a US location offering USDT trading pairs against many crypto's:
HBUS is a partner to Houbi crypto exchange, and is listed as a 'strategic partner', opening availability to US residents of most states only waiting on clearance still from Alabama, Connecticut, Georgia, Louisiana, New York, North Carolina, Hawaii, Vermont, and Washington.
This is regulatory positive to see a move from an exchange like this.
Source
Trading Section
- BTC Macro: Same scenario on the weekly candles as previously reported. StochRSI oversold very heavily & looking at a cross over of the MACD. This last weekly candle is showing more of a cool off than necessarily downward pressure, watching for a low of 5800 & a high of 7k on the coming week.
Direct Link
- BTC Local: So there's been all this talk about an inverted head and shoulders, which I don't chart very often. However I decided to go ahead and give it a try today.
Interestingly enough we do have a strong neckline formed (horizontal line with a blue indicator)
We have dips resembling a left shoulder and head, we can see form the volume that during this section we're having some confirmation that 'something is genuine' whether it's head and shoulders or lower support however is unclear atm.
Then we have the ole StochRSI in an oversold position, along with MACD reaching an area that would indicate it's at least primed for a turn around, but tbh the MACD could also continue for several more red bars so I'm not seriously considering it as a confluence factor atm.
Looks like the next 2 days will show us whether it's a genuine inverted HS pattern or not, it looks like there is enough supporting evidence though atm that we can at least take it into consideration.
Direct Link
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