Last updated on May 20, 2018
19th May 2018 3PM SGT
Hi Cyptoholders Family
Welcome to my first post !
I shall be updating you on BTC, ETH & Other Alts on a daily basis and in some cases with twice a day updates, when market is volatile. Please note I am not a Professsional Advisor and none of this is Professional Advice. Please Do Your Own Research before taking any decisions
BTC is rangebound at the moment between US$ 8000 to US$ 8275.
Positives : Coinbase may apply for a Banking License which would remove the need for a Banking partner and thus remove the threat of banks not supporting Crypto exchanges in future
Negatives : Still continuing the bearish momentum which began some two weeks ago around the 5th of May. Bitfinex now requiring users to declare their Tax Identification Number leading to Big players pulling out.
View on BTC: Hold now and go Long from US$7780 its short term support
ETH : Mirroring BTC and moving sideways between US$666 & US$696
Positives : Apple Co-founder compared Ethereum to the early days of Apple and very positive on the prospects of Ethereum
Negatives : Looming uncertainity of SEC’s decision on whether ETH is a security or not
View on ETH : Hold now and go Long from US$650 its short term support
If BTC breaks US$ 8,300 expect some Alts like BNB, EOS , TRX & POLY to surge
Happy Saturday
Crypto1
