Crypto Influencer Prepares for Bitcoin (BTC) Drop – Plus Ripple and XRP, Ethereum, Litecoin, Stellar, Cardano, Tron
From a potential Bitcoin dip to big trading volume for Ethereum, here’s a look at some of the stories breaking in the world of crypto.
A prominent crypto trader known in the industry as DonAlt told his 97,000 followers on Twitter he’s looking for Bitcoin to drop well below major resistance around $8,100. He plans to wait until BTC heads down to $7,300 before opening any new long positions.
$BTC weekly update:— DonAlt (@CryptoDonAlt) May 20, 2019
Just closed my ETHUSD and BTC long from 7300 & 235 respectively.
The way I margin trade a bull market is to buy support & take profit at resistance while staying in spot positions
I'll look for 7300 to relong, if that doesn't happen I'll long a S/R flip. pic.twitter.com/cRRkq1z8bo
Meanwhile, Fundstrat analyst Tom Lee has created a list of reasons why he believes crypto winter is over. From rising over-the-counter volumes to a shift in his proprietary Bitcoin Misery Index, Lee highlights 13 factors he says point to a crypto market turnaround.
After a disturbing pullback to ~$6,200, #Bitcoin back >$8,000 further cementing positive trend intact.
As we said a few weeks ago, Consensus 2019 @coindesk was to prove whether crypto winter is over…
— Thomas Lee (@fundstrat) May 19, 2019
Weekly trading volume for Ethereum (ETH) on the leading US crypto exchange Coinbase just hit its highest level in 17 months.
From May 13 to 19, 3,675,570 ETH was traded on the platform, worth about $904 million, reports CoinDesk.
Ripple and XRP
In a new interview on the Recode Decode podcast, Ripple CEO Brad Garlinghouse talks about why he believes banks and financial institutions will have to move toward new technologies like blockchain.
“We want to change the system by working with the system. These are profound technologies that can really benefit society in lots of ways. We can reduce the friction of global commerce. We can allow people globally more access to the economies around the world to compete. I think that’s actually a really good thing.”
The Litecoin Foundation’s unique efforts to raise money to support the coin’s ecosystem continues.
The Foundation is now selling limited edition sets of sterling silver LTC-themed cufflinks and tie clips with a certificate signed by Litecoin creator Charlie Lee.
The first sets of our Limited Edition sterling silver Litecoin cufflinks, tie bar & certificate signed by @SatoshiLite have arrived! ⚡️👔
— Litecoin Foundation (@LTCFoundation) May 17, 2019
The Stellar-based micropayments startup SatoshiPay has released its crypto wallet Solar for both iOS and Android.
“The mobile apps have been in development since the desktop app launch earlier this year, while simultaneously shipping several new features for the desktop app. ‘Release early, release often’ they say, so we started testing the apps internally early on, before starting a closed alpha-testing and then a public beta-testing program.
Right now we are completing the last basics of the app, but we will soon start to develop features for integrating the wallet and external services in new ways that will allow us to provide new unique user value.
Cardano creator Charles Hoskinson just dropped a new surprise ask-me-anything on YouTube.
Hoskinson talks about his recent trip to Mongolia, a new Cardano-based block explorer, the platform’s testnet, Shelley roadmap and more.
Tron’s latest weekly report is out. The new edition looks at the latest developments on Tron’s file-sharing platform BitTorrent, the latest on Tron’s DApp ecosystem and new support for Tron’s native cryptocurrency TRX.