Monthly Archives: April 2019

11% of Americans Own Bitcoin, Major Awareness Increased Since 2017

11% of the American population owns the major cryptocurrency bitcoin (BTC), according to a new survey published by Spencer Bogart of venture capital firm Blockchain Capital on April 30. Blockchain Capital partner Bogart today posted the results of a new survey conducted by Harris Poll in order to provide analytics data on bitcoin’s demographic […]

3 box movement

Three things I like about BTC this morning– 9d in support– Ascending bottom line continues to be supportive– Descending line from Apr .23 broken Oh, and a fourth thing; RSI is above 50 and moving up. Now for this to be very positive then the 2 red resistance lines would have to be breached. Onward […]

Fractional Reserve Stablecoin Tether Only 74% Backed by Fiat Currency, Say Lawyers

The company behind USD stablecoin Tether (USDT) only has enough cash to back three-quarters of its increasing supply, its lawyers confirmed in documents released on April 30. As part of an ongoing legal process involving the New York Attorney General, Zoe Phillips of law firm Morgan Lewis said that at the time of writing, […]

USDCAD Room to Fall but Headed Up

The Loonie pair last week reached the highest highs since early January and is now steadily dropping. I believe this is a good indication that the pair is set to continue upwards on the long term. However, based on the the last few months’ price action I believe there is still a solid chance that […]

UK Central Bank Deputy Governor Dave Ramsden: Crypto Is Not a Store of Value

Dave Ramsden, deputy governor of the United Kingdom’s central bank, has said that crypto assets are too volatile to be a store of value. Ramsden made his comments in an interview with CNBC published on April 30. Bank of England (BOE) deputy governor Ramsden noted that over a year ago, the U.K.’s Financial Policy […]

Weekly timeframe

Now on a weekly timeframe . What we have to look at, is the RSI . Prices are ranging and on lower timeframe and BTC is giving a lots of fake signals. If we are bullish , rsi should bounce on the blue line. But we cant be 100% sur of a scenario. So if […]