CryptoSaurus™ Binance Signals

❗️ We are closing this channel
Please move to our main Channel
@cryptowind_trading_signals 👈

❗️ We are closing this channel
Please move to our main Channel
@cryptowind_trading_signals 👈

#BTC Update

Hello everyone, the current price of Bitcoin is $9,303, with around 7.3 billion USD in trading volume at 9:08 AM (Central US) and 2:08 PM (UTC). The price of Ethereum is $750, with trading volume at 2.9 billion USD.

In order for the channel we mentioned yesterday to continue, Bitcoin’s price required a healthy bounce between $8,950-9,050. We saw exactly this with a swing low reversal on the 4hr chart as Bitcoin deviated from a falling wedge that had been developing since $9,900. This essentially means that at the pivotal channel support, which Bitcoin has remained in since April 20th, the price, with healthy doses of volume, rebounded significantly, which indicates that there were many eager buyers in this area hoping to purchase at that price. These events give us confidence that accumulation from the buy side is still continuing, similar to what we saw when Bitcoin was in the mid $6,000’s.

Occurrences such as those found above, are positive indicators that we will, once again, retest the upper bounds of the channel resistance north of the psychological barrier at 10k.

😇Wall Street analyst and head of the Fundstrat Global fund Tom Lee, who predicted a break of the bitcoin rate from the minimum values in mid-April, believes that a new crypto rally will begin after the Consensus-2018 conference - the largest international event in the world.

According to official data, more than 7,000 people are going to attend the conference this year, which is much higher than in previous years. As history shows, the more visitors to the Consensus, the stronger the market momentum, the next immediately after its completion.

​​Bitcoin storage provider Xapo now holds about 7% of the world’s total Bitcoin supply in its vaults, “roughly” amounting to $10 bln, Bloomberg reports May 9

https://goo.gl/kFY5Fa

# ICX #ICON will be sponsoring and participating in Consensus 2018, the 4th annual blockchain technology summit hosted by Coindesk, from the 14th to 16th of May in New York.