6700.0 resistance appears too strong for the price, for now, BTCUSD accompanied by lowering demand has declined to the 6400.0 support during the past day. Volumes distribution concentrates around the 6500.0 level or higher, which supports the possibility of further bullish moves, as we see that this price seems suitable for big buy-ins. To confirm an upward impulse, we will need to see a hike above the 6700.0 resistance. From the below – 6400.0 level supports bullish scenario, breakthrough below the 6400 level could bring the price back to 6000.0. Also note, that the longer price will stay in the lateral corridor (6400 – 6700) the more probability of decline to 6000.0. Read more »
Powering decentralized exchange
Continue to follow ZRX July uptrend.
To recap, 0x(ZRX) is an ERC20 based protocol designed to offer a decentralized exchange as part of the Ethereum blockchain. The main idea of 0x creators Will Warren and Amir Bandeali was that any use case that involves an exchange of different assets could eventually be built using 0x. Read more »
BTCUSD found a support yesterday in the 6300-6600 zone at 6400.0 level. Since the start of July price stays in Bullish tendency, though the tendency gradually flattening. While price is in the 6000 – 7000 zone it is substantially moved by the large buy-ins, not by constant growth of demand, such growth can’t last long and if big buyers will be able to push price above the 7000.0 level, there is a hope that smaller buyers will come back on the market and bring back bullish demand. For now, 6300.0 level should stay strong to maintain the bullish tendency. From the upside, we are waiting for the breakthrough of the 6700.0 and further testing of the 7000.0 resistance. Read more »
The first private untraceable cryptocurrency
Bytecoin is an open-sourced decentralized cryptocurrency with untraceable payments that was started in 2012. Bytecoin is considered one of the oldest blockchain projects and one of the first to focus on privacy for the end-user. The team clearly states in their whitepaper that they don’t consider Bytecoin as a Bitcoin replacement. Instead, they feel that having multiple strong currencies is beneficial to everyone involved. Until recently, the team behind the coin has kept themselves anonymous. Now, though, they’ve opened up multiple communication channels and removed some layers of anonymity. Read more »
For the third day in a row BTCUSD going through a selling pressure, the pattern clearly looks like step-by-step sell-off of the currency. After the resent volume peak at 9330.0 level, the coin fell to the 9000.0 level + 100-days ema, with low volumes, not finding a buying support. Breakthrough of the three-days Bearish Trend Line is required to consider a turnaround on the 9000.0 level. A strong support zone 9000.0 – 8800.0 stays below the price. Read more »