Greentrades Digital Assets
BITCOIN UPDATE
GreenTrade
Publish date: Sun, 18 Aug 2019, 10:47 PM
Bitcoin Update: 18 August 2019
1) Bakkt, a subsidiary of Intercontinental Exchange (ICE), (Which Owns New York Stock Exchange) Officially announced the launch date for its Crypto Futures Platform on 23rd September which will payout in Bitcoin. This is a historical moment for crypto and Wall Street's Money will be welcoming the currency.
2) Despite some recent pullbacks due to $3billion dollars worth of Bitcoins scammed, Bitcoin managed to sustain and rebound above the $10,000 level
3) Coinbase is one the top crypto exchanges in the world . Brian Armstrong, CEO of Coinbase said :
“Whether institutions were going to adopt crypto or not was an open question about 12 months ago. I think it's safe to say we now know the answer. We're seeing $200-400M a week in new crypto deposits come in from institutional customers.”
4) Goldman Sachs Initiated Coverage on Bitcoin.
5) Technical Analysis:
A Symmetrical Triangle has formed. Bitcoin needs to trade above the bottom line support. $12,000 level remains the key resistance to break.
Disclaimer:
Trade At Your Own Risk. The Author will not be responsible for any losses or decisions made.
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CS Tan
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
