At the same time, Western Union, one of the oldest money transfer companies, has confirmed it is testing Ripple’s Blockchain-based settlement system.
George Soros, who had earlier referred to cryptocurrencies as a “typical bubble” has invested in Overstock, through his investment fund. Overstock is one of the most pro-cryptocurrencies businesses, and its stock price has appreciated immensely as the cryptocurrencies skyrocketed.
This shows that the mainstream businesses are slowly recognizing the value of blockchain technology.
However, a few old-timers are still skeptical of cryptocurrencies and the latest to voice his opinion is Berkshire Hathaway vice chairman Charlie Munger, who called Bitcoin “totally asinine.”
Nevertheless, as traders, if an asset class offers us an opportunity, we take it. Let’s see if we find some interesting plays today.
BTC/USD
Our recommendation of a long position in Bitcoin triggered on Feb. 15. Traders, who follow us, would have entered their positions between $9,500 and $9,700. We had anticipated that once the cryptocurrency broke out of the overhead resistance, it would rally towards the 50-day SMA. But the price action above $9,500 has not been encouraging. https://cointelegraph.com/news/litecoin-cash-another-bitcoin-bitcoin-cash-saga 
If the cryptocurrency holds the $9,500 levels and breaks out of the resistance line, it is likely to continue trading inside the ascending channel and reach the 50-day SMA, where traders can book profits on 50 percent of their positions and hold the rest with a trailing stop loss for a target of about $12,500.
Bitcoin is at risk of a bear attack as long as it trades inside the descending channel. Therefore, we want to reduce our risk. We recommend raising the stop loss on 50 percent positions to $8,600 and keeping the rest at the previously mentioned level of $7,800.
ETH/USD
Ethereum triggered our buy levels on Feb.14. But, it also has failed to extend its pullback. It entered a small range day yesterday, Feb. 15, and is following it up with another short range day today, Feb.16. 
The stop loss remains at $775, because we don’t find any higher logical stop loss level.
BCH/USD
Bitcoin Cash has broken out of the resistance zone and has triggered our buy levels of $1,400 today. We now expect a rally to the 50-day SMA at $1,818, followed by a move to $2,000.