Why I am doing this daily report.
The research and reading I do everyday yields a surprisingly significant amount of information, providing an overview of sentiment, major news details, confluence factors, and insight into our cryptospace.
Due to the encouragement of friends I decided to start making my personal blog, that I had been using to archive this information I aggregate, public.
As a result I've found that by publishing I've been receiving support for the time and effort I spend formatting and sharing out this information.
What is the Daily Dimes?
The Daily Dimes is a publish where I post an aggregate of news information that I come across in the cryptospace every day. There are two sections found below:
- A news bulletin section, where I cover brief descriptions of noteworthy news and developments with sources for further reading.
-and-
- A trading report section, where I release signals and information from my paid memberships, private groups, and personal trades that I'm monitoring, as well as my own market analysis.
Today
- 1 Bulletins
- 3Trading Section Reports
- 0 Updates
- Binance shuts down trading for emergency system maintanence, which happened in response to an irregular trading event that happened in relation with SYS.
In a post analysis that was released it was stated that there was a massive amount of irregular activity associated with SYS/BTC trading pair and the associated API system.
What seems to have happened superficially is that a large number of API's were gathered and used to manipulate the SYS/BTC trading pair to make a significant trade in favor of BTC, at which point the manipulators attempted to pull the BTC from Binance.
A lot of facts are still coming to light, this is just the basic of what happened and I'll be making an update of this in the future on a confirmation basis as more information comes in on it.
Binance followed up by rolling back irregular trades, resetting all API keys , issuing a notice to all users about API key usage.
Furthermore Binance is offering a 70% trading fee reduction on it's platform until 7/14/2018 to help compensate users for downtime, and Binance has decided to proactively create a program where 10% of trading fees are allocated to a fund which will be used to help offer protection to users in extreme cases (like this), the fund is dubbed 'Secure Asset Fund for Users' or SAFU.
Sourece1 Source2
Trading Section
- BTC Macro: 3 Day is showing a near cross on the MACD, other indicator and price action are showing similar sentiment atm. July 5th new futures contracts open which is the next date that I'll be watching for shifts in price action/movement.
Again for recap of the charting below: The descending line is our down slope since december we're watching for a breakout from to make a bullish case, the two horizontal lines represent a support zone from 5k-5.8k, and the upward slowing line we can see entering the right side of the pic is one of our two major long term trend lines. (the second one we can't see in this time frame)
- BTC Local: One hour charts below showing us price actions since July 29th.
We've had some fairly interesting buying activity since this date, in the past we've seen the larger green candles paired with reds doing a bart pattern (bart pattern reference can be found here).
However since the 29th we're really only seeing the green candles, or the associated down barts just don't have enough pressure to bring the price action back down.
- BNB: With the recent Binance report I checked back in with my last charting off the BNB coin (binances utility token used on it's exchange) It's been a top performer compared to other coins over the past 6 months due to it's usage on the Binance platform, and the regular burns that Binance delivers on it quarterly. Atm it's hovering near the bottom of a wedge pattern it has been developing in.
I think there are a lot of traders that have been hedging the bear market using a few select coins BNB being one of them, I'm still expecting a correction on it and this is a good place to watch for a TA anomaly to take place.
Thank you for taking the time to read.
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