Today, let's take a look at a long-term analysis of Bitcoin's course, a new study on the largest Ethereum whales, and other interesting crypto topics.
Eric Choe, aka “Mr. Swing Trade “is a trader and winner of the 2016 CME Group Trader Prize. On Twitter, Choe has now presented his view on Bitcoin's long-term course to his 144,000 followers.
If ~ 3K area what the bottom – here are BTC's exact projected targets based on Bitmex price history.
1st TP: $ 12.6K – $ 15.1K (.5 – .618 extension)
2nd TP: $ 22.6K (1: 1 extension)
Dip Buys: $ 6.3K & $ 5.2K (volume confluence)
Pretty excited to see if this is well. pic.twitter.com/euJBqeF14u
– Eric Choe [Mr. Swing Trade] (@CryptoChoe) May 15, 2019
If the $ 3,000 mark is really the bottom for Bitcoin, Choe says he sees the price target at $ 12,600 to $ 15,100. This analysis supported Choe on the weekly course on the BitMEX crypto exchange. For his technical analysis, Choe used the Fibonacci retracements. These allow traders to estimate how high a price will rise after a price decline is completed.
The second big upturn saw Choe in 2020. At that time, the king of cryptocurrencies will rise to 22,600 USD, said Choe. Bitcoin reached its all-time high on December 17, 2017, when Coin said it had a price of $ 20,089, according to CoinMarketCap.
Choosing the best time to buy Bitcoin for a buy the dip strategy, Choe ranged between $ 5,200 and $ 6,300.
Cryptanalyst Chainalysis has released a new study. This is about the effects that Ethereum whales have on the market. Bloomberg reported this with reference to the study.The research shows that one-third of all Ethereum coins are owned by only 376 people. However, these would tend to hold their ethere rather than acting on it. However, if these keepers act, this will have a small but statistically significant impact on the market, Bloomberg quotes the study.
Ripple's Marjan Delatinne attended a panel discussion at The Payments Canada Summit 2019. It was about the role of Blockchain. Delatinne emphasized that the speed of payments and the trust in each transaction are the most important. So she said:
“Most importantly, I mean bringing consumers on board. That, in turn, depends on trust. And that in turn leads back to the question of what the blockchain is. “
Trevor Filter is the co-founder of the payment network Flexa. Filter has now hinted at possible support from Litecoin through the payment app Spedn. He did this by forwarding a call from Litecoin inventor Charlie Lee. He had suggested via Twitter to include Litecoin on the platform.
Retweets ≠ endorsements (… Or do they?) https://t.co/U71uKOEOSg
– Trevor Filter (@trev) May 16, 2019
The Tron Foundation has published its current overview on Medium. Among other things, it deals with the dApp environment of the network. From the overview, it can be seen that most dApps in the Tron network are crypto exchanges or games of chance.
Charles Hoskinson has posted news about the Smart Contract Platform on YouTube. In the video, Hoskinson talks about his project in Mongolia. It also covers the cooperation between Polymath and Cardano and the need for new standards for interoperability.
Author: Peter Joost – Source Post: https://www.kryptovergleich.org/prognose-bitcoin-kurs-btc-steigen-auf-neuesal-allzeithoch-plus-ripple-xrp-ethereum-litecoin-and-cardano-update/
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