Nice to see that BTC rallied a bit and managed to break through the $6700 mark, even if only for a short while. Better late than never I guess
Many of the Alts did well, with TRIG leading the charge and almost 2x over the last two days. Consolidating now leading up to the weekend, so all looking healthy for the markets today.
GVT reached $9.66, which considering it came from $3.89 last week, is quite bullish on their new beta product release due on Sunday. It is now hovering at $9.33 and looks fairly steady, so next week will be the real story.
Talking of next week, since most of the Alts are doing announcements, product releases, upgrades and things, all being announced on Sunday, we could be in for some interesting volatility in the market. I would guess that some project may remain bullish, while others get dumped, we are in for an interesting first week of the quarter to say the least.
If BTC manages to hold above $6700, then the next resistance level appears to be around $7100. So those whales that accumulated at $6400, this might be their exit range as it is about 10%.
Ripple could make announcements during SWELL, but don’t expect anything major.
Ripple’s been silently forming partnerships throughout the year.
Z-Pop Dream, which is founded by Korean entertainment industry veteran Jun Kang, will be brought to fans of K-pop via the power of the Ethereum Network and the firm’s digital token, ZPOP coin.
(you knew it had to happen)
Update on the progress of technical application of TRON - live stream at 10:00am, September 29 (SGT)
EOS - Michael giving a speech at London EOS Event, cohosted and sponsored by eosdac, EOS42io, EOSauthority, atticlab_it, sheos_org, eosamsterdam, EosSweden. eosDAC will begin the custodian election process shortly.
Noah Coin Big Airdrop - 30000 NOAC ($30) to join and 15000 NOAC ($15) for every referral.
(Buy your way to adoption is one way… tends to lead to a large dump)
Universal Wallet Becomes the ‘First’ to Support Cardano’s ADA on Mobile
(ADA has rallied a bit these last two days, but given it’s history, can it hold on or will it continue to downtrend?)
StellarX (Decentralized Exchange) opens up to the public. StellarX, a marketplace for fiat, cryptos, stock, and all others assets is now open for all. Previously, it was by invitation only.
DragonChain - Chief Technology Officer Paul Sonier understands the importance of consistently improving the Dragonchain platform and ecosystem. Decentralized Level 1 capabilities are now available with NEO
Institute of Blockchain 区块链学院 to utilise NEM blockchain to issue their electronic certificates. NEM and Institute of Blockchain™️ are partnering to co-organise blockchain community events and workshops in the near future.
Binance CEO backs VeChain after being added to the platform’s Trust Wallet.
(interesting, Binance doesn’t back just any project…)
Safe Haven is proud to announce ThorBlock, the first communal funding turnkey solution on the VeChainThor Blockchain.
USD - Fed Hikes Rates, Dollar Pops, Yields Drop; US Stocks Open Higher. Dollar bulls are back in control thanks to strong US data and a recovery in yields. According to the latest GDP report, the US economy expanded at its fastest pace in nearly 4 years.
EURO - ECB’s President Draghi Signals A Shift in Policy Focus. In testimony before the EU Parliament Tuesday, the ECB’s Draghi indicated the thrust of policy would focus on a relatively vigorous pick-up in underlying inflation. The markets zeroed in on this new emphasis immediately.
EURO - Mixed - 55% Short (-3% on yesterday)
GBP - Mixed - 58% Long (-1% on yesterday)
JPY - Mixed - 64% Short (+5% on yesterday)
CAD - Bearish - 63% Long (no change)
AUD - Bearish (again) - 43% Short (-3% on yesterday)
XAU - Bearish - 88% Long (+4% on yesterday)
Bitcoin - Bearish - 80% Long (+1% on yesterday)
Ethereum - Bearish - 92% Long (+1% on yesterday)
Ripple - Bearish - 95% Long (no change)
Spot Silver is near its lowest this year, could be good grab some while its cheap. If the USD starts to have a correction from its rallies the last few weeks, then silver can rally quite well. Checking the charts, there is a potential of 17.64% if the USD starts to crumble from it’s highs.
As always, not advice, be fishy on your own
Finally, yesterday I was pampered at a certain VIP club that I won’t name, I just want to thank Yan Da for the lovely time and feel quite bullish on life today!