BITCOIN – BTC/GBP

Bitcoin price GBP, we had mentioned in our earlier analysis that Bitcoin may rise to £36,000 and then to £38,000 if it sustains above £31,005 and that is what happened.

The btc to gbp pair rallied to £36,999 on August 23. Traders who had purchased on our earlier recommendation may book profits on 75% of the open positions and trail the rest with a stop-loss below the 20-day exponential moving average (EMA).  Read more

ETHEREUM – ETH/GBP

The bulls pushed Ether above the overhead resistance of £2,400 on August 23 but could not sustain the breakout. The bears pulled the price back below £2,400 on August 24. This suggests a lack of aggressive buying at higher levels.

Although the price rebounded off the 20-day EMA on August 27, the bears have continued to pose a stiff challenge at £2,400. Read more

RIPPLE – XRP/GBP

We had expected XRP to rally to £1 and then to £1.20 if bulls pushed the price above the overhead resistance of £0.938 but that did not happen. The XRP/GBP pair turned down from £0.9161 on August 24 and dropped to the 20-day EMA on August 26. The price rebounded off this support on August 27 but the bulls could not challenge the overhead resistance. This suggests that bears are selling on rallies. The price has again dipped to the 20-day EMA. Read more

CARDANO – ADA/GBP

We had projected in our previous analysis that the RSI was in the overbought territory and a pullback to the breakout level of £1.75137 was possible and that is what happened.

The ADA/GBP pair corrected to £1.78 on August 26 but the bears could not keep the price down. The pair rebounded sharply on August 27, indicating strong buying at lower levels.  Read more

BINANCE – BNB/GBP

In our previous analysis, we had recommended traders book profits on 75% of the open positions and that proved to be the right call. Although Binance Coin rose to £377 on August 26, the bulls could not sustain the higher levels.

The buyers again attempted to resume the up-move on August 28 but hit a wall at £360.80. This has pulled the price back toward the 20-day EMA.  Read more

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DeGeThal is a banking and cryptocurrency trading platform that targets the current needs of users for any level of investment. The company has private capital, and together with the partners and the international team there is a vision of listing on the stock exchange and orientation towards Europe, Asia and the USA. This is how we understand the speed and the stakes on the financial market. That is why it is oriented towards the drastic decrease of the time to receive, transfer, or exchange money in your account from a few days to a few seconds, worldwide.  Read more

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The patent describes a ledger-independent system for helping users to create and manage tokens across different networks. Microsoft has been awarded a U.S. patent for software it says can help users develop blockchain applications by making it easier and more efficient to create crypto tokens for different distributed ledgers. According to the patent, creating and managing tokens is currently “difficult and cumbersome” due to the lack of standardization across different blockchains. Read more

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