SWISSBORG´S DAILY INSIDER - WEEK 27

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Friday, 6. June 2018

Switzerland Considers Granting Crypto Businesses Access to Banking Services
Crypto companies based in Switzerland may receive access to regular banking services as early as this year.

→ World's Largest Crypto Exchange Eyes $1 Billion Profit Amid Rout
This year’s cryptocurrency crash has saddled bulls with billions of dollars in losses, but the world’s largest virtual currency exchange is still making money hand over fist.

→ Dutch ETF Group Flow Traders Enters Crypto Market
Flow Traders, a major European ETF trader, has started offering ETNs based on BTC and ETH despite authorities’ risk warning.

SwissBorg to Host Helix ICO

https://i.redd.it/7zqby6sota811.png

Token Sales: 12.07.2018

Goal: 3.500.000.000 HIX

Minimum investment: 100 Euro

Ticker: HIX

1 Euro = 100 HIX

Daily Performances

Weekly Top 5 Price comparison

- BTC . - ETH . - XRP . - BCH . - EOS

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Technical Analysis - BTC

BTCUSD has broken the downtrend, which is very positive in itself. The market is bullish from a TA perspective and a close below $6'000 would invalidate our scenario. Current retracement could continue bounce into new highs next week. BTC/USD will need to make a decisive break of the $6'800 key barrier to extend a bull run.

https://i.redd.it/08vfnpxawa811.png

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Thursday, 5. July 2018

→ Cryptos Shake Off Binance-Shutdown Fears, Bitcoin Tests 4-Week HighsIn a resilience demonstration for the cryptocurrency space, anxiety surrounding headlines that Binance has suspended all services has been rebuffed and Bitcoin is testing $6'800

→ Rogue App Wreaks Havoc –Transaction Costs Soar as the Ethereum Network SlowsGas prices have soared this week, passing 500 gwai at one stage, before settling on a still-pretty-substantial 56 gwai.

→ Rakuten Coin to Launch on Viber Messenger in Russia Next Year | Finance MagnatesViber has 45 million active users in Russia.

Daily Performances

General Comments: The overall market seems to be news driven and volume remains low. Despite a mix bag of positive and negative news, BTC has been holding above 20DMA and appears to try and test the key $6'800 level on the upside. Volatility has been slowly creeping higher and option implied vols have been firming up. 10k strike calls are trading 76 vol and a move higher would be a key indicator for a shift in market sentiment to the upside. A drop back down below 20DMA would indicate a return to summer doldrums.

Weekly Top 5 Price comparison

- BTC . - ETH . - XRP . - BCH . - EOS

https://i.redd.it/ceve8v1rp3811.png

Technical Analysis - BTC

BTCUSD has broken the downtrend, which is very positive in itself. The market is bullish from a TA perspective and a close below 6,000 would invalidate our scenario.

https://i.redd.it/7ylgqcxos3811.png

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Wednesday, 4. June 2018

→ Withdrawals Delayed - Bitflyer Scanning for Yakuza Customers Bitflyer has been delaying deposits and withdrawals of virtual currency in the midst of ongoing KYC verifications.

→ Decentral Launches Its New Cryptocurrency Wallet Jaxx Liberty in BetaDecentral, has announced the launch of its new cryptocurrency wallet Jaxx Liberty in beta.

→ Bitcoin Exchanges Outperform Traditional Finance Platforms in the PhilippinesBitcoin exchanges and cryptocurrency businesses in the Philippines have been outperforming traditional financial platforms in popularity and user activity.

Daily Performances

General Comments: Gappy trading continues in BTC. The market pulled back slightly from recent moves higher. We now see 20DMA as a key level to hold in order to confirm a change to upside trends. $6'800 level is the immediate target to reach.

Weekly Top 5 Price comparison

- BTC . - ETH . - XRP . - BCH . - EOS

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Technical Analysis - ***BTC***Bitcoin stays at $6'480 as the upside momentum has faded away on approach to the next important resistance at $6'700. BTCUSD is mostly unchanged since the beginning of the day and down 2.8% on daily basis.

https://i.redd.it/78gup3hdex711.png

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Tuesday, 3. July 2018

→ Coinbase Custody Officially Launches for Institutional InvestorsToday Coinbase Custody Officially Launches for Institutional Investors. However, Coinbase Custody accepted its first deposit last week before its official launch today.

→ Crypto Valley Declares Blockchain Voting Trial a 'Success' - CoinDeskZug, home of the "Crypto Valley" in Switzerland, has successfully completed its first test of a blockchain-based voting system.

→ Top 10: Price Analysis, July 2The total MarketCap jumped from the $233 billion levels ( June 29) to $260 billion ( June 30). This shows that the cryptocurrencies can recover sharply when the trend changes.

Daily Performances

General Comments: A short burst of BTC activity led the entire market higher. BTC broke free from the 20DMA level and looks to test $6'800 to the upside. A convincing break above $6'800 would indicate a turn in trend. Overall volumes are still light with the entire market following BTC. However, rising implied vols to upside strikes in the BTC options market would confirm the sentiment change, currently still stable.

Weekly Top 5 Price comparison

- BTC . - ETH . - XRP . - BCH . - EOS

https://i.redd.it/uka975mz3p711.png

Technical Analysis - BTC

BTCUSD has broken the downtrend, which is very positive in itself. The market is bullish from a TA perspective and a close below $6'000 would invalidate our scenario.

https://i.redd.it/x3aue8474p711.png

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Monday, 2. July 2018

→ Philippines' Economic Zone Creating Crypto Regulations, Licensing 25 Exchanges The Filipino government-owned economic zone is drafting regulations for cryptocurrencies and planning to limit the number of licenses it issues to 25.

→ Abu Dhabi Global Market Launches Crypto Regulatory FrameworkThe financial authority of Abu Dhabi Global Market has launched a regulatory framework for cryptocurrency activities following the completion of a public consultation.

→ South Korea Unveils New Supportive Crypto Regulations | [blokt]South Korea's FSC unveiled new cryptocurrency regulations and guidelines related to KYC and AML requirements to be followed by the crypto exchanges.

Daily Performances

General Comments: Over the last several days, BTC has hit the $5'800 low in thin volumes twice but both times violently recovered above 6000. One more failed attempt at pushing it below $6'000 might change the sentiment or at least remove a lot of downside uncertainty. Risk is certainly a short term spike though not sure about long term sustainability in this volume. We will need a convincing break about 20DMA ($6'350) to change the tides.

Weekly Top 5 Price comparison

- BTC . - ETH . - XRP . - BCH . - EOS

https://i.redd.it/ivb67e662p711.png

Technical Analysis - BTC

The weekend brought some respite to exhausted Bitcoin bulls. BTC recovered from multi-month low and touched $6'520 on Saturday, but retraced to $6'300. The bull injection of momentum at $6'000 is clear. From the longer-term perspective, a sustainable movement above the downside trend line may be regarded as a positive signal. However $6'500 is still unconquered, it is a strong resistance level with a potential to limit the upside for the time being. On the downside, the critical support is created by $6'000 and followed by $5'777 (recent low).

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Many thanks to Mariem @SwissBorg for providing us with THE latest news.

Disclaimer: Insider aims to provide our community with updates and information regarding financial markets and the blockchain world.This is our way of communicating with our community. It is meant to be used for informational purposes not to be mistaken for financial advice.Our opinion, when shared, is just that, it may not apply directly to your individual situation. Any information gleaned here is to be used at the readers' own risk, SwissBorg does not accept any responsibility for individual decisions made based on reading our daily blog. Any information we provide on our daily blog is accurate and true to the best of our knowledge, there may be omissions, errors or mistakes.

Posted Jul 3, 2018, 8:37 AM UTC · edited